2020-10-31-accounts

						Pages
Trustees'	annual report (incorporating		the director's report)			1 to 6
Independent auditor's		report tothe members				7 to 10
Statement	offinancial	activities (including		income and expenditure	account)
Statement	offinancial	position				12
Notes to	the financial	statements				13to23

			Year e	nded 31	October 202	0
Management		committee
Mrs M Connor				Secretary
Mrs M French				Treasurer
BMoore Esq				Chairman	(Chief Steward	Features k, Main Ring)
CHopcraft	Esq			Vice Chairman
JLarcombe	- Ford Esq			Chief Steward ofShowground
Mrs EEltringham				Chief Steward ofHorses
D Hawkins	Esq			Chief Steward ofCattle
BWood Esq				Chief Steward ofTrade Stands
Miss H Burrough				Chief Steward ofMetnbers
FDArscott Esq				Elected tnember
Mrs CLewis -		Jones		Elected member
E RUnderdown		Esq		Elected member
Company	secretary		JGritth	Esq
Auditor			Thomas	Westcott
			Chartered accountants k statutory			auditor
			26-28 Southernhay		East
			Exeter
			Devon
			EX1 1NS
Bankers			Barclays
			High Street
			Honiton
			Devon
			Lloyds	pic
			82 High	Street
			Honiton
			Devon
			EX141JJ
Solicitors			Everys
			The Laurels
			46New	Street
			Honiton
			Devon

						2020		2019
				Unrestricted		Restricted
					funds	funds	Total funds	Total funds
			Note
Income and endowments
Donations and legacies			5		18,156		18,156	13,923
Other trading activities			6		22,310		22,310	278,788
Investment income			7		4,230		4+30	3,945
Total income					44,696		44,696	296,656
Expenditure
Expenditure on raising funds:
Costs ofraising donations		and
legacies			8		5,174		5,174	14,780
Expenditure on charitable	activities		9,10		78,788		78,788	266,569
Total expenditure					83,962		83,962	281,349
Net gains on investments			12	.	6,525		6,525	(2,845)
Net (expenditure)/income	and	net
movement m funds					(45,791)		(45,791)	18,152
Reconciliation offunds
Total funds broiight forward					754,159	20,988	775,147	756,995
Total funds carried forward					708,368	20,988	729,356	775,147

		31Octob	er 2020
				2020		2019
			Note
Fixed assets
Tangible fixed assets			16		5$3,821	589,532
Investments			17		99)532	102,400
					683@53	691,932
Current assets
Debtors			1823)970			24,776
Cash at bank	and in hand			55,569		75,629
				79,539		100,405
Creditors: amounts		falling due within one year	19	33,536		17,190
Net current	assets				46)003	83,215
Total assets	less current liabilities				729456	775,]47
Funds ofthe charity
Restricted funds Unrestricted funds					20+$8 20,988 708@68754,159
Total charity	funds				729,356	775,147

5.	Donations and legacies	Donations and legacies
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2020	Funds		2019
	Donations
	Donations		500	500	888		888
	Grants
	Goverrunent	grant income	10,000	10,000
	Snbscriptions
	Subscriptions		7,656	7,656	13,035		13,035
			18,156	18,156	13,923		13,923
6.	Other trading activities
			Unrestricted	Total Funds	Unrestricted	Total	Funds
			Funds	2020	Funds		2019
	Sundry Income		2,280	2,280
	Entries				88,061		88,061
	Trade Stands Sweet k Catering Concessions		(906) (766)	(906) (766)	89,601 24,409	89,601 24,409
	Advertisements		525	525	],324		1,324
	Presale Tickets		(32)	(32)	35,019	35,019
	Grasskeep		7,491	7,491	8,914		&,914
	Wayleaves		12,490	12,490	12,455		12,455
	Animal Entry	Fees	1,163	1,163	8,060		8,060
	Catalogues				2,178		2,178.
	Special Prizes				8,047		&,047
	Honiton Farm	Competitions		65	78		78
	Tractor Entries				642		642
			22,310	22,310	278,788	278,788

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2020	Funds	2019
	f	K	f
Income from listed investments	4,156	4,156	3,881	3,881
Bank interest receivable	74	74	64	64
	4,230	4,230	3,945	3,945

Costs ofraising donation	s and legacies
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2020	Funds	2019
Advertising	5,174	5,174	14,780	14,780

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2020	Funds	2019
Charitable	activities (Note 10)	42,846	42,846	195,263	195,263
Support costs (Note 11)		35,942	35,942	71,306	71,306
		78,788	78,788	266,569	266,569

Costs of	charitable activities
		2020	2019
Ground preparation 4hire		1,028	71,027
Hired attractions			12,997
Prizes		(44)	13,547
Showday	labour	(380)	20,599
Rosettes			4,384
Judges expenses		59	2,286
Water		358	1,527
Catering			9,978
Hire offield			2,558
Equipment	maintenance	145	7,008
Insurance		4,929	5,201
Printing		2,196	9,719
Secretary		28,267	28,248
Depreciation		5,711	6,184
Cleaning
Bad Debts		578
TOTAL		42,846	195,263

Analysis ofsupport co	sts
			2020	2019
Treasurers honorarium				1,968
Bookkeeping			8,445	10,000
Office rent			4,000	5,000
Accountancy fees			4,870	5,462
Audit fees				2,500
Legal fees			9,160	18,331
Bank charges			175	124
Postage &stationary			1,803	4,685
Telephone			1,832	1,715
Affiliation fees				307
Donations				4,625
Sundry expenses			2,276	2,909
Computer expenses			2,719	2,719
Pension costs			662	1,771
Ledger adjustments				5,746
VAT adjustment				3,444
TOTAL			35,942	71,306
Net gains on investments
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2020	Funds	2019
Realised Gains/(losses)	on investment
assets	(6,525)	(6,525)	2,845	2,845
Net (expenditure)/income
Net income is stated after charging/(crediting):
			2020	2019
			K
Depreciation oftangible	fixed assets		5,711	6,184

Staffcosts
The total staff costs and	employee	benefits for the reporting	period are analysed as	follows:
			2020	2019
Wages and salaries			28,267	30,216
Employer contributions	to pension	plans	663	1,771
			28,930	31,987

Tangible fixed assets
		At		At
		1November	31October
		2019		2020
Cost
Land and buildings		475,787		475,787
Plant and machinery		68,488		68,488
Fixtures and fittings		44,445		44,445
Motor vehicles		700		700
Equipment		170,058		170,058
Trophies		990		990
		760,468		760,468
	At			At
	1 November	Charge for the		31October
	2019	year		2020
Depreciation
Land and buildings
Plant and machinery	68,488			68,488
Fixtures and fittings	44,317	43		44,360
Motor vehicles	700			700
Equipment	56,691	5,668		62,359
Trophies	740			740
	170,936	5,711		176,647

		At	At
		31October 31	October
		2020	2019
Carrying	amount
Land and	buildings	475,787	475,787
Plant and	machinery
Fixtures and fittings		85	128
Motor vehicles
Equipment		107,699	113,367
Trophies		250	250
		583,821	589,532

			Cash or cash	Listed
			equivalents	investments	Total
Cost or valuation
At 1 November	2019		4,987	97,413	102,400
Additions
Other movements				(2,868)	(2,868)
At 31October	2020		4,987	94,545	99,532
Impairment
At 1 November	2019and 31October 2020
Carrying amount
At 31October	2020		4,987	94,545	99,532
At 31October	2019		4,987	97,413	102,400
All investments	shown above are	held at valuation.
cial assets held	at fair value
All investments	held are measured	at fair value.
Debtors
				2020	2019
Other debtors				23,970	24,776

Analysis ofnet as	sets between funds
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2020
Tangible fixed assets		583,821		583,821
Investments		78,544	20,988	99,532
Current assets		79,539		79,539
Creditors less than	1 year	(33,536)		(33,536)
Net assets		708,368	20,988	729456
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2019
Tangible fixed assets		589,532		589,532
Investments		81,412	20,988	102,400
Current assets		100,406		100,406
Creditors less than	1 year	(17,191)		(17,191)
Net assets		754,159	20,988	775,147