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|||||||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|
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|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||||||
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||||||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|
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||||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|
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|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|
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|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|
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|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|
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|Costs ofcha|ritable|activities|||
|---|---|---|---|---|
||||2022|2021
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|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|
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|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|
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|||||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|
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|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|
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|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|
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|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|
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|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|
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