| Pages | |||||||
|---|---|---|---|---|---|---|---|
| Trustees' annual report (incorporating |
the | director's | report) | 1toe | |||
| Independent auditor's |
report to | the members | 7to 10 | ||||
| Statement offinancial | activities | (including | income and expenditure | account) | |||
| Statement offinancial | position | 12 | |||||
| Notes to the financial | statements | 13to 23 |
| Management | Management | committee | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Mrs M Conner | Secretary | ||||||||||
| Mrs M French | Treasurer | ||||||||||
| BMoore Esq | Chairman | (Chief Steward | Features | & Main Ring) | |||||||
| C Hopcraft | Esq | Vice Chairman | |||||||||
| J Larcombe | - Ford Esq | Chief Steward | of Showground | (RESIGNED 04/08/2021) | |||||||
| R Derryman | Esq | Acting Chief |
Steward | of | Sheep | to be elected | as Chief | ||||
| Steward at the | 2022 AGM | (APPOINTED 26/08/2021) | |||||||||
| Mrs E Eltringham | Chief Steward | ofHorses | |||||||||
| D Hawkins | Esq | Chief Steward | ofCattle | ||||||||
| RWoods Esq | Chief Steward | ofTrade | Stands | ||||||||
| Miss H Burrough | Chief Steward | of Members | |||||||||
| F D Arscott | Esq | Elected member | |||||||||
| Mrs C Lewis- | Jones | Elected member | |||||||||
| E R Underdown | Esq | Elected member | |||||||||
| Company secretary | J Griffin | Esq | |||||||||
| Auditor | Thomas | Westcott | |||||||||
| Chartered accountants |
&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 | |||||||||||
| 46 New | Street | ||||||||||
| Honiton | |||||||||||
| Devon |
| Yea | r ende | d 31 Octobe | r 2021 | ||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Unrestricted | Restricted | ||||||
| Note | funds f |
funds f |
Total funds f |
Total funds f |
|||
| Income and endowments | |||||||
| Donations and legacies |
5 | 14,730 | 14,730 | 18,156 | |||
| Other trading activities |
6 | 243,736 | 243,736 | 22,310 | |||
| investment income |
7 | 4,047 | 4,047 | 4,230 | |||
| Total income | 262,513 | 262,513 | 44,695 | ||||
| Expenditure | |||||||
| Expenditure on raising funds: |
|||||||
| Costs of raising donations | and | ||||||
| legacies | 8 | 10,757 | 10,757 | 5,174 | |||
| Expenditure on charitable |
activities | 9,10 | 241,163 | 241,163 | 78,788 | ||
| Total expenditure | 251,920 | 251,920 | 83,962 | ||||
| Net gains/(losses) on investments |
12 | 4,616 | 4,616 | (6,525) | |||
| Net income/(expenditure) | and | net | |||||
| movement in funds |
15,209 | 15,209 | (45,791) | ||||
| Reconciliation offunds | |||||||
| Total funds brought forward |
708,368 | 20,988 | 729,356 | 775,147 | |||
| Total funds carried forward | 723,577 | 20,988 | 744,565 | 729,356 |
| 31Octob | er 2021 | |||||
|---|---|---|---|---|---|---|
| Note | f | 2021 | 2020 f |
|||
| Fixed assets | ||||||
| Tangible fixed assets | 16 | 578,395 | 583,821 | |||
| Investments | 17 | 101,331 | 99,532 | |||
| 679,726 | 683,353 | |||||
| Current assets | ||||||
| Debtors | 18 | 40,621 | 23,970 | |||
| Cash at bank and in hand | 46,454 | 55,569 | ||||
| 87,075 | 79,539 | |||||
| Creditors: amounts | falling due within one year | 19 | 22,236 | 33,536 | ||
| Net current assets | 64,839 | 46,003 | ||||
| Total assels less current liabilities | 744,565 | 729,355 | ||||
| Funds ofthe charity | ||||||
| Restricted funds | 20,988 | 20,988 | ||||
| Unrestricted funds |
723,577 | 708,368 | ||||
| Total charity funds | 22 | 744,565 | 729,356 |
| Unrestricted | Total | Funds | Unrestricted | Total | Funds | |||
|---|---|---|---|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |||||
| E | E | E | ||||||
| Donations | ||||||||
| Donations | 4,028 | 4,028 | 500 | 500 | ||||
| Grants | ||||||||
| Government | grant | income | 10,000 | 10,000 | ||||
| Subscriptions | ||||||||
| Subscriptions | 10,702 | 10,702 | 7,656 | 7,656 | ||||
| 14,730 | 14,730 | 18,156 | 18,156 |
| Unrestricted | Unrestricted | Total Funds | Unrestricted | Total Funds | |||
|---|---|---|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | ||||
| f | E | F | |||||
| Sundry Income |
938 | 938 | 2,280 | 2,280 | |||
| Trade Stands | 82,100 | 82,100 | (906) | (906) | |||
| Sweet & Catering Concessions | 20,905 | 20,905 | (766) | (766) | |||
| On the Days | sales | 26,551 | 26,551 | ||||
| Advertisements | 933 | 933 | 525 | 525 | |||
| Presale Tickets | 75,449 | 75,449 | (32) | (32) | |||
| Grasskeep | 9,506 | 9,506 | 7,491 | 7,491 | |||
| Wayleaves | 10,145 | 10,145 | 12,490 | 12,490 | |||
| Animal Entry |
Fees | 6,635 | 6,635 | 1,163 | 1,163 | ||
| Catalogues | 1,732 | 1,732 | |||||
| Special Prizes | 8,362 | 8,362 | |||||
| Honiton Farm |
Competitions | 65 | |||||
| Tractor Entries | 480 | 480 | |||||
| 243,736 | 243,736 | 22,310 | 22,310 | ||||
| Investment | income | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2021 | Funds | 2020 | ||||
| 5 | |||||||
| Income from | listed investments | 4,026 | 4,026 | 4,156 | 4,156 | ||
| Bank interest | receivable | 21 | 21 | 74 | 74 | ||
| 4,047 | 4,047 | 4,230 | 4,230 | ||||
| Costs of raising donations | and legacies | ||||||
| Unrestricted | Total Funds | Unrestricted | Totai Funds | ||||
| Funds | 2021 | Funds | 2020 | ||||
| 5 | F | 5 | f | ||||
| Advertising | 10,757 | 10,757 | 5,174 | 5,174 | |||
| Expenditure | on charitable | activities by | fund type | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds f |
2021 | Funds f |
2020 f |
||||
| Charitable activities (Note 10) |
206,143 | 206,143 | 42,846 | 42,846 | |||
| Supportcosts | 35,020 | 35,020 | 35,942 | 35,942 | |||
| 241,163 | 241,163 | 78,788 | 78,788 |
| Costs ofcha | ritable | activities | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| 5 | ||||
| Ground preparation |
& hire | 76,086 | 1,028 | |
| Cost ofonline | ticket | sales | 4,802 | |
| Hired attractions | 13,007 | |||
| Prizes | 10,108 | (44) | ||
| Show day labour | 37,176 | (380) | ||
| Rosettes | 5,260 | |||
| Judges expenses | 2,182 | 59 | ||
| Water | 227 | 358 | ||
| Catering | 6,640 | |||
| Hire offield | 1,050 | |||
| Equipment maintenance |
2,542 | 145 | ||
| Insurance | 3,795 | 4,929 | ||
| Printing | 7,430 | 2,195 | ||
| Secretary | 30,412 | 28,267 | ||
| Depreciation | 5,426 | 5,711 | ||
| Bad Debts | 578 | |||
| TOTAL | 206,143 | 42,846 | ||
| Analysis ofsupport | costs | |||
| 2021 | 2020 | |||
| 6 | f | |||
| Bookkeeping | 10,300 | 8,445 | ||
| Office rent | 2,999 | 4,000 | ||
| Accountancy | fees | 2,000 | 4,870 | |
| Audit fees | 4,000 | |||
| Legal fees | 3,547 | 9,160 | ||
| Bank charges | 225 | 175 | ||
| postage 8 stationarY | 3,384 | 1,803 | ||
| Telephone | 1,857 | 1,832 | ||
| Affiliation fees | 447 | |||
| Donations | 4,175 | |||
| Sundry expenses | 740 | 2,276 | ||
| Computer expenses | 680 | 2,719 | ||
| Pension costs | 666 | 662 | ||
| TOTAL | 35,020 | 35,942 |
| 12. | Net gain/los | ses on inv |
estments | |||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total | Funds | Unrestricted | Total Funde | ||||
| Funds | 2021 | Funds | 2020 | |||||
| F | F | F | ||||||
| Realised Gains/(losses) | on investment | |||||||
| assets | 4,616 | 4,616 | (6,525) | (6,525) | ||||
| 13. | Net income/(expenditure) | |||||||
| Net income/(expenditure) | is stated after | charging/(crediting): | ||||||
| 2021 | 2020 | |||||||
| F | F | |||||||
| Depreciation | oftangible | fixed assets | 5,426 | 5,711 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| 6 | 5 | ||||
| Wages and salaries | 30,412 | 28,267 | |||
| Employer | contdibutions | to pension | plans | 666 | 663 |
| 31,078 | 28,930 |
| full-time equi |
valent employees during the ye |
ar is analysed as follows: |
|||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| No. | No. | ||||
| Management | staff | 1 | 1 |
| Tangible | fixed assets | ||||
|---|---|---|---|---|---|
| At | At | ||||
| 1st November | 31October | ||||
| 2020 | 2021 | ||||
| 6 | |||||
| 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 | 170,05e | 170,058 | |||
| Trophies | 990 | 990 | |||
| 760,468 | 760,468 | ||||
| At | At | ||||
| 1 November | Charge for | 31October | |||
| 2020 | the year | 2021 | |||
| 6 | 6 | ||||
| Depreciation | |||||
| Land and | buildings | ||||
| Plant and | machinery | ee,4ee | 68,488 | ||
| Fixtures and fittings | 44,360 | 42 | 44,402 | ||
| Motor vehicles | 700 | 700 | |||
| Equipment | 62,359 | 5,384 | 67,743 | ||
| Trophies | 740 | 740 | |||
| 176,647 | 5,426 | 182,073 | |||
| At | At | ||||
| 31October | 31October | ||||
| 2021 | 2020 | ||||
| 8 | |||||
| Carrying | amount | ||||
| Land and | buildings | 475,787 | 475,787 | ||
| Plant and | machinery | ||||
| Fixtures and fittings | 43 | 85 | |||
| Motor vehicles | |||||
| Equipment | 102,315 | 107,699 | |||
| Trophies | 250 | 250 | |||
| 578,395 | 583,821 |
| Year ended 31O Investments |
ctober 2021 | ||
|---|---|---|---|
| Cash or cash | Listed | ||
| equivalents f |
investments | Total | |
| Cost or valuation | |||
| At 1 November 2020 | 4,377 | 95,155 | 99,532 |
| Additions | |||
| Other movements | (2,816) | 4,615 | 1,799 |
| At 31October 2021 | 1,561 | 99,770 | 101,331 |
| Impairment | |||
| At 1 November 2020 and 31October 2021 |
|||
| Carrying amount |
|||
| At 31October 2021 | 1,561 | 99,770 | 101,331 |
| At 31 October 2020 | 4,987 | 94,545 | 99,532 |
| Debtors | ||
|---|---|---|
| 2021 | 2020 | |
| restated | ||
| 5 | ||
| Trade debtors | 27,333 | 11,886 |
| Other debtors | 804 | 4,832 |
| Prepayments | 4,167 | 3,935 |
| VAT debtors | 8,317 | 3,317 |
| 40,621 | 23,970 |
| 2021 | 2020 | ||
|---|---|---|---|
| F | |||
| Bank | loans and overdrafts | 3,115 | |
| Trade | creditors | 19,121 | 33,536 |
| 22,236 | 33,536 |
| Government | grants | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| The amounts | recognised | in the | financial statements | for government | grants are as follows: | ||||||
| 2021 | 2020 | ||||||||||
| 6 | 6 | ||||||||||
| Recognised | in income from donations | and legacies: | |||||||||
| Government | grants income | 10,000 | |||||||||
| Analysis of | charitable | funds | |||||||||
| Unrestricted | funds | ||||||||||
| At | At | ||||||||||
| 1 November | Gains and | 31October | |||||||||
| 2020 | Income | Expenditure | losses | 2021 | |||||||
| F | E | 6 | E | 6 | |||||||
| General funds | 708,368 | 262,513 | (251,920) | 4,616 | 723,577 | ||||||
| At | At | ||||||||||
| 1 November | Gains and | 31 October | |||||||||
| 2019 6 |
Income f |
Expenditure F |
losses E |
2020 f |
|||||||
| General funds | 754,159 | 44,696 | (83,962) | (6,525) | 708,368 | ||||||
| Restricted | funds | ||||||||||
| At | At | ||||||||||
| I November | Gains and | 31October | |||||||||
| 2020 | Income 6 |
Expenditure f |
losses E |
2021 6 |
|||||||
| Marker Fund | Trust | 20,988 | 20,988 | ||||||||
| At | At | ||||||||||
| I November | Gains and | 31 October | |||||||||
| 2019 f |
Income F |
Expenditure 6 |
losses F |
2020 F |
|||||||
| Marker Fund | Trust | 20,988 | 20,988 |
| Analysis ofnet as | sets between funds | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| 6 | 5 | |||
| Tangible fixed assets | 578,395 | 578,395 | ||
| Investments | 80,343 | 20,988 | 101,331 | |
| Current assets | 87,075 | 87,075 | ||
| Creditors less than | 1 year | (22,236) | (22,236) | |
| Net assets | 723,577 | 20,988 | 744,565 | |
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2020 | ||
| f | F | |||
| 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 | 729,356 |