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||||||||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|
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|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|||||||||
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|||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|
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||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|
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||||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|
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||||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|
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|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|
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|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|
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|||||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|
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|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|
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|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|
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|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|
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|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|
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|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|
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