| Pages | ||||||
|---|---|---|---|---|---|---|
| Trustees' | annual report (incorporating |
the | director's | report) | 1 toe | |
| 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 Connor | Secretary | ||||||||
| Mrs M French | Treasurer | ||||||||
| BMoore Esq | Chairman | (Chief Steward | Features | & Main Ring) | |||||
| C Hopcraft | Esq | Vice Chairman | |||||||
| R Derryman | Esq | Chief Steward | of Sheep | ||||||
| Mrs E Eltringham | Chief Steward | of Horse | (Resigned 05Sept 2022) | ||||||
| D Hawkins | Esq | Chief Steward | of Cattle | ||||||
| R Wood Esq | Chief Steward | of Trade Stands | |||||||
| Miss H Burrough | Chief Steward | of Members | (Deceased 10August 2022) | ||||||
| F D Arscott | Esq | Elected member | |||||||
| Mrs C Lewis | - | Jones | Elected member | ||||||
| E R Underdown | Esq | Elected member | |||||||
| Company | secretary | J Griffin | Esq | ||||||
| Auditor | Westcotts SW (I LP) | ||||||||
| Chartered accountants |
8statutory | auditor | |||||||
| 26-28 Southernhay | East | ||||||||
| Exeter | |||||||||
| Devon | |||||||||
| EX1 1NS | |||||||||
| Bankers | Barclays | ||||||||
| High Street | |||||||||
| Honiton | |||||||||
| Devon | |||||||||
| Lloyds pic | |||||||||
| 82 High | Street | ||||||||
| Honiton | |||||||||
| Devon | |||||||||
| EX141JJ | |||||||||
| Solicitors | Everye | ||||||||
| The Laurels | |||||||||
| 46 New | Street | ||||||||
| Honiton | |||||||||
| Devon |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| (Restated) | |||||||
| Unrestricted | Restricted | ||||||
| funds | funds | Total funds | Total funds | ||||
| Note | 6 | F | |||||
| Income and endowments | |||||||
| Donations and legacies |
5 | 10,834 | 10,834 | 14,730 | |||
| Charitable Activities |
6 | 279,536 | 279,536 | 243,736 | |||
| investment income |
7 | 4,578 | 4,578 | 4,047 | |||
| Total income | 294,948 | 294,948 | 262,513 | ||||
| Expenditure | |||||||
| Expenditure on raising funds: |
|||||||
| Costs ofraising donations | and | ||||||
| legacies | 8 | 16,572 | 16,572 | 10,757 | |||
| Expenditure on charitable |
activities | 9,10 | 238,864 | 238,864 | 241,163 | ||
| Total expenditure | 255,436 | 255,436 | 251,920 | ||||
| Net (losses)/gains on investments |
12 | (16,300) | (16,300) | 4,616 | |||
| Net income and net movement | in | funds | 23,212 | 23,212 | 15,209 | ||
| Reconciliation offunds |
|||||||
| Total funds brought forward | 723,577 | 20,988 | 744,565 | 729,356 | |||
| Total funds carried forward | 746,789 | 20,988 | 767,777 | 744,565 |
| 31 Octob | er 2022 | ||||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Note | 2 | 2 | |||||
| Fixed assets | |||||||
| Tangible fixed assets | 16 | 579,924 | 578,395 | ||||
| Investments | 17 | 89,056 | 101,331 | ||||
| 668,980 | 679,726 | ||||||
| Current assets | |||||||
| Debtors Cash at bank and |
in | hand | 18 | 44,090 75,584 |
40,621 46,454 |
||
| 119,674 | 87,075 | ||||||
| Creditors: amounts | falling | due within one year | 19 | 20,877 | 22,236 | ||
| Net current assets | 98,797 | 64,839 | |||||
| Total assets less | current | liabilities | 767,777 | 744,565 | |||
| Funds ofthe charity | |||||||
| Restncted funds |
20,988 | 20,988 | |||||
| Unrestricted funds |
746,789 | 723.577 | |||||
| Total charity funds | 21 | 767,777 | 744,565 |
| Donations and legacies |
||||||
|---|---|---|---|---|---|---|
| Unrestricted | Total | Funds | Unrestricted | Total | Funds | |
| Funds E |
2022 | Funds f |
2021 8 |
|||
| Donations | ||||||
| Donations | 967 | 967 | 4,028 | 4,028 | ||
| Subscriptions | ||||||
| Subscriptions | 9,867 | 9,867 | 10,702 | 10,702 | ||
| 10,834 | 10,834 | 14,730 | 14,730 |
| Charitable activities |
||||
|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2022 | Funds | 2021 | |
| (Restated) | (Restated) | |||
| E | E | E | E | |
| Sundry Income |
13,892 | 13,892 | 938 | 938 |
| Trade Stands | 72,132 | 72,132 | 82,100 | 82,100 |
| Sweet & Catering Concessions | 21,139 | 21,139 | 20,905 | 20,905 |
| On the Day Sales | 66,503 | 66,503 | 26,551 | 26,551 |
| Advertisements | 1,150 | 1,150 | 933 | 933 |
| Presale Tickets | 66,897 | 66,897 | 75,449 | 75,449 |
| Grasskeep | 10,983 | 10,983 | 9,506 | 9,506 |
| Wayleaves | 9,530 | 9,530 | 10,145 | 10,145 |
| Animal Entry Fees |
6,586 | 6,586 | 6,635 | 6,635 |
| Catalogues | 2,015 | 2,015 | 1,732 | 1,732 |
| Special Prizes | 8,162 | 8,162 | 8,362 | 8,362 |
| Tractor Entries | 547 | 547 | 480 | 480 |
| 279,536 | 279,536 | 243,736 | 243,736 |
| Investment income |
||||
|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2022 | Funds | 2021 | |
| E | E | E | E | |
| Income from listed investments | 4,508 | 4,508 | 4,026 | 4,026 |
| Bank interest receivable | 70 | 70 | 21 | 21 |
| 4,578 | 4,578 | 4,047 | 4,047 |
| Costs ofraising donatio | ns and legacies |
|||||
|---|---|---|---|---|---|---|
| Unrestricted | Total | Funds | Unrestricted | Total | Funds | |
| Funds | 2022 | Funds | 2021 | |||
| E | E | E | E | |||
| Advertising | 16,572 | 16,572 | 10,757 | 10,757 |
| Expenditu | re on charitable activiti |
es by fund type |
|||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| E | E | E | E | ||
| Charitable | activities (Note 10) | 200,338 | 200,338 | 206,143 | 206,143 |
| Support costs | 38,526 | 38,526 | 35,020 | 35,020 | |
| 238,864 | 238,864 | 241,163 | 241,163 |
| Costs ofcha | ritable | activities | ||
|---|---|---|---|---|
| 2022 | 2021 f |
|||
| Ground preparation |
& hire | 79,474 | 76,086 | |
| Cost of online | tickets | 3,529 | 4,802 | |
| Hired attractions | 10,559 | 13,007 | ||
| Prizes | 10,560 | 10,108 | ||
| Showday labour |
28,255 | 37,176 | ||
| Rosettes | 4,486 | 5,260 | ||
| Judges expenses | 1,825 | 2,182 | ||
| Water | 597 | 227 | ||
| Catering | 4,698 | 6,640 | ||
| Hire of field | 1,080 | 1,050 | ||
| Equipment maintenance |
3,753 | 2,542 | ||
| Insurance | 4,474 | 3,795 | ||
| Printing | 8,113 | 7,430 | ||
| Secretary | 30,046 | 30,412 | ||
| Bad debts | 1,501 | 0 | ||
| Depreciation | 7,388 | 5,426 | ||
| TOTAL | 200,338 | 206,143 | ||
| Analysis ofsupport | costs | |||
| 2022 f |
2021 f |
|||
| Bookkeeping | 10,600 | 10,300 | ||
| Office rent | 3,500 | 2,999 | ||
| Bank charges | 285 | 225 | ||
| Postage &stationary | 3,213 | 3,384 | ||
| Telephone | 2,041 | 1,857 | ||
| Affiliation fees | 348 | 447 | ||
| Donations | 6,599 | 4,175 | ||
| Sundry expenses | 3,879 | 740 | ||
| Computer expenses | 0 | 680 | ||
| Pension costs | 684 | 666 | ||
| Governance | Costs | |||
| Accountancy fees |
1,030 | 2,000 | ||
| Audit fees | 4,000 | 4,000 | ||
| Legal fees | 2,347 | 3,547 | ||
| TOTAL | 38,526 | 35,020 |
| 12. | Net (losses) | /gains on |
investments | |||
|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds f |
2022 f |
Funds | 2021 f |
|||
| Realised Gains/(losses) | on investment | |||||
| assets | (16,300) | (16,300) | 4,616 | 4,616 | ||
| 13. | Net income | |||||
| Net income | is stated after charging/(crediting): | |||||
| 2022 f |
2021 f |
|||||
| Depreciation | of tangible | fixed assets | 7,388 | 5,426 |
| 2022 f |
2021 f |
||||
|---|---|---|---|---|---|
| Wages and salaries | 30,046 | 30,412 | |||
| Employer | contributions | to pension | plans | 684 | 666 |
| 30,730 | 31,078 |
| full-time equi |
valent employees during the year |
is analysed as follows; |
|||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| No. | No. | ||||
| Management | staff | 1 | 1 |
| Tangible | Year en fixed assets |
ded 31October 2022 | ||
|---|---|---|---|---|
| At | At | |||
| 1 November | 31 October | |||
| 2021 | Additions f |
2022 | ||
| Cost | ||||
| Land and | buildings | 475,787 | 475,787 | |
| Plant and | machinery | 68,488 | 4,750 | 73,238 |
| Fixtures and fittings | 44,445 | 4,167 | 48,612 | |
| Motor vehicles | 700 | 700 | ||
| Equipment | 170,058 | 170,058 | ||
| Trophies | 990 | 990 | ||
| 760,468 | 8,917 | 769,385 | ||
| At | At | |||
| 1 November | Charge for | 31 October | ||
| 2021 | the year f |
2022 | ||
| Depreciation | ||||
| Land and | buildings | |||
| Plant and | machinery | 68,488 | 1,188 | 69,676 |
| Fixtures and fittings | 44,402 | 1,085 | 45,487 | |
| Motor vehicles | 700 | 700 | ||
| Equipment | 67,743 | 5,115 | 72,858 | |
| Trophies | 740 | 740 | ||
| 182,073 | 7,388 | 189,461 | ||
| At | At | |||
| 31 October | 31 October | |||
| 2022 | 2021 | |||
| 6 | ||||
| Carrying | amount | |||
| Land and | buildings | 475,787 | 475,787 | |
| Plant and | machinery | 3,562 | ||
| Fixtures and fittings | 3,125 | 43 | ||
| Motor vehicles | ||||
| Equipment | 97,200 | 102,315 | ||
| Trophies | 250 | 250 | ||
| 579,924 | 578,395 |
| 17. | Investments | Year | ended 31 Oct | ober 2022 | ||||
|---|---|---|---|---|---|---|---|---|
| Cash or cash | Listed | |||||||
| equivalents | investments | Total | ||||||
| 8 | 6 | |||||||
| Cost or valuation | ||||||||
| At 1 November | 2021 | 1,561 | 99,770 | 101,331 | ||||
| Additions | ||||||||
| Other movements | 4,025 | (16,300) | (12,275) | |||||
| At 1 November | 2021 and 31 October 2022 | 5,586 | 83,470 | 89,056 | ||||
| Impairment | ||||||||
| At 1 November | 2021 and 31October 2022 | |||||||
| Carrying amount |
||||||||
| At 31October | 2022 | 5,586 | 83,470 | 89,056 | ||||
| At 31 October 2021 | 1,561 | 99,770 | 101,331 | |||||
| All investments | shown above are held at valuation. | |||||||
| Financial assets | held at fair value | |||||||
| All investments | held | are measured | at fair value. | |||||
| 18. | Debtors | |||||||
| 2022 | 2021 | |||||||
| (restated) | ||||||||
| 6 | ||||||||
| Other Debtors | 44,090 | 40,621 | ||||||
| 44,090 | 40,621 | |||||||
| 19. | Creditors: amounts | falling due within one year | ||||||
| 2022 f |
2021 f |
|||||||
| Bank loans and | overdrafts | 3,115 | ||||||
| Trade creditors | 20,877 | 19,121 | ||||||
| 20,877 | 22,236 |
| Unrestr | icted funds |
|||||
|---|---|---|---|---|---|---|
| At | At | |||||
| 1 November | Gains and | 31 October | ||||
| 2021 | Income | Expenditure | losses | 2022 | ||
| E | E | E | E | E | ||
| General | funds | |||||
| 723,577 | 294,948 | (255,436) | (16,300) | 746,789 | ||
| At | At | |||||
| I November | Gains and | 31 October | ||||
| 2020 | Income | Expenditure | losses | 2021 | ||
| E | E | E | E | |||
| General | funds | |||||
| 708,368 | 262,513 | (251,920) | 4,616 | 723,577 | ||
| Restricted funds | ||||||
| At | At | |||||
| I November | Gains and | 31 October | ||||
| 2021 | Income | Expenditure | losses | 2022 | ||
| E | E | E | F | E | ||
| Marker | Fund Trust | |||||
| 20,988 | 20,988 | |||||
| At | At | |||||
| I November | Gains and | 31 October | ||||
| 2020 | Income | Expenditure | losses | 2021 | ||
| E | E | E | E | E | ||
| Marker | Fund Trust | |||||
| 20,988 | 20,988 |
| Analysis of net as | sets between funds | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds f |
Funds f |
2022 | ||
| Tangible fixed assets |
579,924 | 579,924 | ||
| Investments | 68,068 | 20,988 | 89,056 | |
| Current assets | 119,674 | 119,674 | ||
| Creditors less than | 1 year | (20,877) | (20,877) | |
| Net assets | 746,789 | 20,988 | 767,777 | |
| Unrestricted | Restricted | Total Funds | ||
| Funds f |
Funds f |
2021 f |
||
| 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 |