| Page | |
|---|---|
| Report ofthe Trustees | |
| Independent Examiner's Report |
|
| Statement ofFinancial Activities | |
| Balance Sheet | |
| Notes to the Financial Statements | 10 |
| Detailed Statement ofFinancial Activities | 18 |
| FORTHE Y | EAR EN | DED 31STAU | GUST 2023 | ||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| funds | fund | funds | funds | ||||
| Notes | |||||||
| INCOME AND ENDOWMENTS FROM | |||||||
| Donations and legacies |
3,880 | 3,880 | 2,672 | ||||
| Charitable activities |
|||||||
| Showground | 112,087 | 112,087 | 23,206 | ||||
| General resources | 5,237 | 5,237 | 4,889 | ||||
| Investment income |
876 | 876 | 34 | ||||
| Total | 122,080 | 122,080 | 30,801 | ||||
| EXPENDITURE | ON | ||||||
| Charitable activities |
|||||||
| Showground | 91,457 | 91,457 | 5,320 | ||||
| General resources | 5,129 | ||||||
| Other | 2,096 | 2,096 | 205 | ||||
| Total | 93,553 | 93,553 | 10,654 | ||||
| NET INCOME | 28,527 | 28,527 | 20,147 | ||||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought | forward | 479,812 | 479,812 | 459,665 | |||
| TOTAL FUNDS CARRIED FORWARD | 508,339 | 508,339 | 479,812 |
| 31STAUGUST 2023 | |||
|---|---|---|---|
| 2023 | 2022 | ||
| Notes | |||
| FIXEDASSETS | |||
| Tangible assets | 407,516 | 409,295 | |
| CURRENT ASSETS | |||
| Debtors | 6,667 | 2,695 | |
| Cash at bank | 119,163 | 84,109 | |
| 125,830 | 86,804 | ||
| CREDITORS | |||
| Amounts falling due within one year |
(17,807) | (7,887) | |
| NKT CURRENT ASSETS | 108,023 | 78,917 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 515,539 | 488,212 | |
| CREDITORS | |||
| Amounts falling due after more than one year |
9 | (7,200) | (8,400) |
| NKT ASSETS | 508,339 | 479,812 | |
| FUNDS | 13 | ||
| Unrestricted funds |
508,339 | 479,812 | |
| TOTALFUNDS | 508,339 | 479,812 |
| 2023 | 2022 | ||
|---|---|---|---|
| Deposit account interest | 876 | 34 | |
| NET INCOME/(EXPENDITURE) | |||
| Net income/(expenditure) | is stated after charging/(crediting): | ||
| 2023 | 2022 | ||
| Depreciation - owned assets |
1,779 | 3,362 |
| TANGIBLE FIXEDASSETS | |||
|---|---|---|---|
| Improvements | |||
| Freehold | to | ||
| property | property | ||
| up to | from | Showground | |
| 31/12/08 | 01/01/09 | equipment | |
| COST | |||
| At 1st September 2022 and | |||
| 31stAugust 2023 | 389,838 | 143,133 | 16,814 |
| DEPRECIATION | |||
| At 1st September 2022 | 141,951 | 15,438 | |
| Charge for year | 991 | 344 | |
| At 31stAugust 2023 | 142,942 | 15,782 | |
| NET BOOKVALUE | |||
| At 31stAugust 2023 | 389,838 | 191 | 1,032 |
| At 31stAugust 2022 | 389,838 | 1,182 | 1,376 |
| Cups and | Office | ||
| trophies | equipment | Totals | |
| COST | |||
| At 1st September 2022 and | |||
| 31stAugust 2023 | 15,124 | 27,678 | 592,587 |
| DEPRECIATION | |||
| At 1st September 2022 | 25,903 | 183,292 | |
| Charge for year | 444 | 1,779 | |
| At 31stAugust 2023 | 26,347 | 185,071 | |
| NET BOOKVALUE | |||
| At 31stAugust 2023 | 15,124 | 1,331 | 407,516 |
| At 31stAugust 2022 | 15,124 | 1,775 | 409,295 |
| 6. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Trade debtors | 6,667 | 2,695 | ||
| 7. | CASH AT BANK | |||
| 2023 | 2022 | |||
| Total | Total | |||
| funds | funds | |||
| Nat West Current account | 11,980 | 1,102 | ||
| Nat West Deposit account | 107,183 | 83,007 | ||
| Total | 119,163 | 84,109 | ||
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2023 | 2022 | |||
| Bank loans and overdrafts | (see note 10) | 1,200 | 1,200 | |
| Trade creditors | 249 | 248 | ||
| Accruals and deferred income | 16,358 | 6,439 | ||
| 17,807 | 7,887 | |||
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | |||
| 2023 | 2022 | |||
| 7,200 | 8,400 |
| An analysis ofthe maturity ofloans is gi | ven below: | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Amounts falling due within one year on |
demand: | |||
| Bank loans | 1,200 | 1,200 | ||
| Amounts falling between one and two years: |
||||
| Bank loans | 1,200 | 1,200 | ||
| Amounts falling due between two and five years: |
||||
| Bank loans —2-5 years |
3,600 | 3,600 | ||
| Amounts falling due in more than five years: |
||||
| Repayable by instalments: | ||||
| Bank loans more 5 years | 2,400 | 3,600 | ||
| 11. | SECURED DEBTS | |||
| The following secured debts are included |
within creditors: | |||
| 2023 | 2022 | |||
| Bank loans | 8,400 | 9,600 |
| ANALYSIS OFNET ASSETS | BETWEEN FUNDS | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Unrestricted | Restricted | Total | Total | |
| funds | fund | funds | funds | |
| Fixed assets | 407,516 | 407,516 | 409,295 | |
| Current assets | 125,830 | 125,830 | 86,804 | |
| Current liabilities | (17,807) | (17,807) | (7,887) | |
| Long term liabilities | (7,200) | (7,200) | (8,400) | |
| 508,339 | 508,339 | 479,812 |
| MOVEMEN | T | IN FUNDS | |||||
|---|---|---|---|---|---|---|---|
| Net | |||||||
| movement | At | ||||||
| At 1.9.22 | in funds | 31.8.23 | |||||
| Unrestricted | funds | ||||||
| General fund | 468,119 | 28,527 | 496,646 | ||||
| Revaluation | Fund | 11,693 | 11,693 | ||||
| 479,812 | 28,527 | 508,339 | |||||
| TOTAL FUNDS | 479,812 | 28,527 | 508,339 | ||||
| Net movement | in funds, included | in the above are as follows: | |||||
| Incoming | Resources | Movement | |||||
| resources | expended | in funds | |||||
| Unrestricted | funds | ||||||
| General fund | 122,080 | (93,553) | 28,527 | ||||
| TOTAL FUNDS | 122,080 | (93,553) | 28,527 | ||||
| Comparatives | for movement | in | funds | ||||
| Net | |||||||
| movement | At | ||||||
| At 1.9.21 | in funds | 31.8.22 | |||||
| Unrestricted | funds | ||||||
| General fund | 447,972 | 20,147 | 468,119 | ||||
| Revaluation | Fund | 11,693 | 11,693 | ||||
| 459,665 | 20,147 | 479,812 | |||||
| TOTAL FUNDS | 459,665 | 20,147 | 479,812 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted | funds | |||
| General fund | 30,801 | (10,654) | 20,147 | |
| TOTAL FUNDS | 30,801 | (10,654) | 20,147 |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.9.21 | in funds | 31.8.23 | ||
| Unrestricted | funds | |||
| General fund | 447,972 | 48,674 | 496,646 | |
| Revaluation | Fund | 11,693 | 11,693 | |
| 459,665 | 48,674 | 508,339 | ||
| TOTAL FUNDS | 459,665 | 48,674 | 508,339 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted | funds | |||
| General fund | 152,881 | (104,207) | 48,674 | |
| TOTAL FUNDS | 152,881 | (104,207) | 48,674 |
| FORTHE YEAR ENDED 3 | 1STAUGUST 2023 | ||
|---|---|---|---|
| 2023 | 2022 | ||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies |
|||
| Subscription s | 2,189 | 2,672 | |
| Sponsorship, donations |
and grants | 1,691 | |
| 3,880 | 2,672 | ||
| Investment income |
|||
| Deposit account interest | 876 | 34 | |
| Charitable activities |
|||
| Trade stands | 31,120 | ||
| Gate receipts | 38,420 | ||
| Other show income | 351 | 70 | |
| Basic Payment Scheme |
4,886 | 4,819 | |
| Grasskeep | 7,120 | 8,436 | |
| Showground hire |
35,427 | 14,770 | |
| 117,324 | 28,095 | ||
| Total incoming resources | 122,080 | 30,801 | |
| EXPENDITURE | |||
| Charitable activities |
|||
| Insurance | 3,282 | 2,207 | |
| Preparation ofshowground | 10,737 | ||
| Hire ofequipment | 9,860 | ||
| Entertainment | 7,943 | ||
| Waste disposal | 1,404 | ||
| Water | 516 | 956 | |
| Maintenance | 15,771 | 755 | |
| Secretary fees | 10,250 | ||
| Office expenses | 10,043 | 938 | |
| Reporting accountant's |
fees | 984 | 984 |
| Advertising and web maintenance |
1,597 | ||
| Home and garden | 2,592 | ||
| Carried forward | 74,979 | 5,840 |
| FORTHE YEAR ENDED 31 | STAUGUST 2023 | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Charitable | activities | |||
| Brought forward | 74,979 | 5,840 | ||
| Gate management | 693 | |||
| Security etc | 6,427 | |||
| Livestock | 405 | |||
| Catering | 5,576 | |||
| Electric | 358 | 247 | ||
| Depreciation | ofnew building | 991 | 2,277 | |
| Depreciation | ofshowground | appliances | 344 | 492 |
| Deprecation | ofoffice equipment | 444 | 593 | |
| Prize costs | 240 | |||
| Charitable donations |
1,000 | 1,000 | ||
| 91,457 | 10,449 | |||
| Other | ||||
| Bank charges and interest | 2,096 | 205 | ||
| Total resources expended | 93,553 | 10,654 | ||
| Net income | 28,527 | 20,147 |