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|||||||Pages|
|---|---|---|---|---|---|---|
|Trustees'|annual<br>report (incorporating||the director's report)|||1 to 6|
|Independent<br>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|





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||||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<br>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||||





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|||||||2020||2019|
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted||Restricted|||
||||||funds|funds|Total funds|Total funds|
||||Note||||||
|Income and endowments|||||||||
|Donations<br>and legacies|||5||18,156||18,156|13,923|
|Other trading activities|||6||22,310||22,310|278,788|
|Investment<br>income|||7||4,230||4+30|3,945|
|Total income|||||44,696||44,696|296,656|
|Expenditure|||||||||
|Expenditure<br>on raising funds:|||||||||
|Costs ofraising donations||and|||||||
|legacies|||8||5,174||5,174|14,780|
|Expenditure<br>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<br>m funds|||||(45,791)||(45,791)|18,152|
|Reconciliation<br>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|





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|||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<br>Unrestricted<br>funds|||||20+$8<br>20,988<br>708@68754,159||
|Total charity|funds||||729,356|775,147|





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|5.|Donations<br>and legacies|Donations<br>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<br>Sweet k Catering Concessions||(906)<br>(766)|(906)<br>(766)|89,601<br>24,409|89,601<br>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<br>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||



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||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|





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|Costs ofraising donation|s<br>and legacies||||
|---|---|---|---|---|
||Unrestricted|Total Funds|Unrestricted|Total Funds|
||Funds|2020|Funds|2019|
|Advertising|5,174|5,174|14,780|14,780|



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|||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|



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|Costs of|charitable<br>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|





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|Analysis ofsupport co|sts||||
|---|---|---|---|---|
||||2020|2019|
|Treasurers<br>honorarium||||1,968|
|Bookkeeping|||8,445|10,000|
|Office rent|||4,000|5,000|
|Accountancy<br>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<br>fees||||307|
|Donations||||4,625|
|Sundry expenses|||2,276|2,909|
|Computer<br>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|



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|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|





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|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|





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|||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|



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||||Cash or cash|Listed||
|---|---|---|---|---|---|
||||equivalents|investments|Total|
|Cost or valuation||||||
|At<br>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<br>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|



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|Analysis ofnet as|sets between<br>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|



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