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|Contents||
|---|---|
||Pages|
|Company
information||
|Report ofthe Council ofManagement||
|Independent
Examiner's
Report||
|Consolidated
Statement ofFinancial Activities||
|Consolidated
Balance Sheet||
|Company Balance Sheet||
|Consolidated
Statement ofCash Flows||
|Company
Statement ofCash Flows|10|
|Notes to the Cash Flow Statement||
|Notes to the Financial Statements|12-21|
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|FOR THK YEAR ENDED 31 DECEMBER 2020|FOR THK YEAR ENDED 31 DECEMBER 2020|FOR THK YEAR ENDED 31 DECEMBER 2020|||||
|---|---|---|---|---|---|---|
|(liNCLIJDING CONSOLIDATED||INCOME AND|EXPKiNDITIJRK ACCOUNT)||||
|SIJMMARY INCOJVIE AND EXPENDITURK ACCOIJNT|||||||
||||||TOTAL||
||||||2020|2019|
||||Notes|IJNRESTRICTKD|||
|INCOMING RESOURCES|||||||
|Voluntary
income:|||||||
|Members
subscriptions
and donations||||1,600|1,600|2,170|
|Income from other trading
activities:|||||||
|Commercial
trading operations||||7,246|7,246|1,600,182|
|Investment
income||||20,645|20,645|26,157|
|Other operating
income|||||||
|Government
grants||||66,687|66,687||
|TOTAL INCOMING
RESOURCES||||96.178|96178|1.628 509|
|RESOL'RCES EXPENDED|||||||
|Costs ofgenerating
funds:|||||||
|Trading expenses||||329,125|329,125|957.578|
|Expenditure
un charitable
activities:|||||||
|Donations,
grants
and sponsorship||||1,517|1,5]7|45,001|
|Charitable
expenditure
by subsidiary||||35,484|35,484|505.297|
|Other expenditure:|||||||
|Support costs||||76,415|76,415|92,398|
|TOTAL RESOURCES EXPENDED||||442,54!|442,541|1,600,274|
|NET INCOMINGi(OUTGOING)|RESOURCES|||(346,363)|{346,363)|28,235|
|Net gains/(losses)
on investments||||28,359|28,359|147,686|
|NET INCOiME AND KXPENDITURE AND NFT|||||||
|MOVEMENT IN FI.JNDS BEFORE||TAXATION||13180047|~378004|17 921|
|Corporation
tax|||19||||
|NET INCOME AND EXPENDITI
MOVEMENT IN FUNDS AFTER|JREAND NET
TAXATION|||~618004|~78.004|1759|
|Fund balances
brought fotward||||1,240,592|1 240 592|I 064 671|
|FIJND BALANCES CARRIED FORWARD||||922,588|922,588|1.240,592|
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|||Notes|2020f|2019
g|
|---|---|---|---|---|
|Cash flows froin operating
activities|||||
|Cash generated
from operations|||(172,012)|(8,270)|
|investment
income|||20,645|26,157|
|Net cash from operating
activities|||(151367)|17.887|
|Cash flows from investing|activdties||||
|Purchase oftangible
fixed|assets||(5,203)|(6,712)|
|Purchase ofhred asset investments|||(372,919)|(384,992)|
|Proceeds from sale offixed|asset investnients||508,040|433,969|
|Net cash from invesflng
activities|||129,9]8|42,265|
|Increase j(decrease) in cash|and cash||||
|equivalents
in the year|||(21,449)|60,i52|
|Cash and cash equivalents|at the beginning||||
|ofthe year|||257,559|197,407|
|Cash and cash equivalents|at the end ol'the||||
|year|||236.110|257,559|
##
|FOR THE Y|EAR ENDE|D 31 DFCEMBER 2020||||
|---|---|---|---|---|---|
||||||2019|
||||Notes||f|
|Cash flows from operating
activities||||||
|Cash generated|from operations|||(46,375)|(62.591)|
|Investment
income||||20,645|26,157|
|Net cash front|operating
activities|||25.730||
|Cash flows from investing||activities||||
|Purchase oftangible fixed||assets||(5,203)|(6,712)|
|Purchase offixed asset investments||||(372.919)|(384,992)|
|Proceeds from|sale offixed|asset investments||508,040|433,969|
|Net cash from|investing
activities|||129.918|42,265|
|Increase/(decrease)
in cash||and cash||||
|equivalents
in|the year|||104,188|5,831|
|Cash and cash|equivalents|at the beginning||||
|ofthe year||||68,771|62,940|
|Cash and cash|equivalents|at the end ol the||||
|year||||122 939|68,771|
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||performance ofthe cha|r|ity|alon|e is:||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2020|20]9|
||||||||||f||
||Income||||||||17,100|21,170|
||Government
grants||||||||10,000||
||Gift aid front subsidiary|||||||||12,625|
||lnvestinent
income||||||||20,645|26,157|
||||||||||47,745|59,952|
||Expenditure
on charitable|||actiidties|||||(1,517)|(3.718)|
||Support costs||||||||(92,915)|{107,645)|
||(Loss)/profit
on disposal|||||||||(1,252)|
||Gains/(losses)
on investments||||||||28,359|I47,686|
||Net income||||||||(18,328)|95.023|
||Fund balances
brought||forv9urd||||||1,239,850|1,144,827|
||Fund balances carried||forward||||||1.221,522|1,239,850|
||Represented
by:||||||||||
||Unrestricted
income funds||||||||1,221,522|1.239,850|
|4|(DEFICIT)/SURPLUS||OFFl]NDS FORTHE||||YEAR||||
||(Deficit)/Surp]us
offunds|||is stated||after charging:|||2020|2019|
||Staff costs||||||||210,740|252,131|
||Auditor's
fees for audit||services|||||||4,510|
||Independent
examiner's||fees||||||1,050||
||Auditor's
fees for accountancy||||and other services||||5,211|8,187|
||Operating
lease costs||||||||29,256|34,426|
||Depreciation||||||||5,005|4,458|
|5|INCOME FROM MEMBERS SUBSCRIPTIONS AND|||||||DONATIONS|2020|2019|
||Members
subscriptions||||||||1,190|1,120|
||Donations
and grants||||||||410|1,050|
||||||||||1 699|2 1711|
|6|SUPPORT COSTS||||||||2020|2019|
||||||||||'f||
||Rent and rates||||||||28,389|34,583|
||Insurance||||||||12,926|10,186|
||Light and heat||||||||2,372||
||Hire ofplant and machinery||||||||1,400|1,546|
||Telephone||||||||1.137|756|
||Travel expenses||||||||218|525|
||Bank charges
and interest||||||||291|69|
||Printing,
postage and stationery||||||||1,131|8,516|
||Computer
expenses||||||||7,296|7, 194|
||Sundry expenses||||||||391|2,013|
||Depreciation offixtures||and fittings||||||3,122|2,521|
||Depreciation ofmotor vehicles||||||||1,000|],000|
||(Profit)/Loss
on disposals|||||||||\,252|
||Auditors
remuneration|||||||||2,260|
||independent
examination||||||||1,050||
||Accountancy||||||||5,211|4,516|
||Legal and professional|fees||including||investment|management|costs|10,481|15,461|
||||||||||76 416|92 396|
##
|DONATIONS,|GRANTS AND SPONSORSH]P|2020|2019|
|---|---|---|---|
|Sponsorship ofShow Gardens|||41,283|
|Donations||1,000|1,528|
|Grants||||
|Other sponsorship|and subscriptions|5]7|2,190|
|||].517|45,001|
##
|During the|shows, Harrogate|shows, Harrogate|shows, Harrogate|Floiver Show Limited promotes|Floiver Show Limited promotes|horticulture|horticulture|through avariety ofmeans,|through avariety ofmeans,|including|exhibitions,|exhibitions,|displays|and|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|sponsorship.||The Charity|deems that part ofthe costs ofhosting||||the shows|is charitable|expenditure,|and is shown||as such in these accounts.|||
|Abreakdown||ofthe charitable||expenditure|by the subsidiary|is|shown below:||||||||
|||||||||||||2020||2019|
|Rent||||||||||||4,200||140,203|
|Marguees||||||||||||21,674||144,219|
|Staging||||||||||||7,64]||10P25|
|F]oral Art||||||||||||364||21,020|
|ludges expenses||||||||||||||8,721|
|Prize Money||||||||||||90||68,818|
|Show Features||||||||||||1.515||50,385|
|Sponsorship||||||||||||||41,283|
|Charitable|expenses|||||||||||||1,860|
|Salaries||||||||||||||17,863|
|||||||||||||35 484||505,297|
##
|The Charity has a trading|The Charity has a trading|subsidiary|undertaking,|undertaking,|Harrogate Flov:er Show|Harrogate Flov:er Show|Limited,|which|is|incorporated|in|England
and Wales|England
and Wales|(registered|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|number 02485663).The||registered|office address||is|the same as the parent,|and can|be found||on the Company||Information|page.|The|
|subsidiary
undertaking|runs two flower|||shows each||year. A summary ofits|trading|results|is|shown below.|||||
|||||||||||||2020||2019|
|||||||||||||f,|||
|Ttmover||||||||||||7,246||1,600,182|
|Cost ofsales||||||||||||(84,012)||(762,983)|
|Gross profit||||||||||||(76,766)||837,199|
|Charitable
expenditure||||||||||||(35,484]||(505,297)|
|Administration
expenses||||||||||||(244,113)||(238,378)|
|Other operating
income||||||||||||56,687|||
|Net (loss)/profit
before|tax|||||||||||(299,676)||93,524|
|Net (loss)/profit
after tax||||||||||||(299,676)||93,524|
|Amount
gifted to Tbc North ofEngland||||Horticultural||Society||||||||(12,625)|
|Surplus
/ (deficit)|||||||||||~299.676)|||80,899|
##
||9 RESULTS OFSUBSIDIA||RY 1tN|DER|TA|KIN|G -|continued|||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||2020|2019|
||Turnover ofthe subsidiary||comprises of:||||||||||
||Revenue
from sales ofgoods
Revemie
from provision ofservices||||||||||7246|24,330
1.575 552|
||||||||||||7 2:716|1,600,182|
||||||||||||ZOZO|Z019|
||Trading expenses ofthe subsidiary|||comprises|||of;||||||
||Cost ofsales||||||||||84,012|762.983|
||Administration
expenses||||||||||244, 113|238.378|
||Less: management
charge to Thc North ofEngland Horticultural
Add: management
charge from The North ofEngland
Horticultural
Donations
and sponsorship||||||||Society
Society||16,500
(15,500)|]6,500
(19.000)
~14I.2II3|
||||||||||||329,125|957,578|
||||||||||||2020|2019|
||Other operating
income:||||||||||||
||Government
grants||||||||||56,687||
||||||||||||56687||
|10|ANALYSIS OF STAFF COSTS,TRUSTEE REMI)NERATION|||||||||AiND EXPEiltSESI AND THE|||
||COST OFKEY lVIANAGElE1EiNT|||PERSONNEL|||||||||
||||||||||||2020|2019|
||Wages and salaries||||||||||186,153|226,880|
||Social security costs||||||||||18,165|177972|
||Pension costs||||||||||6 42'|7,278|
||||||||||||21117411|252 I:Il|
||Other employee
benefits||||||||||8.725|8,491|
||All employees
are employed|by the subsidiary||||undertaking.|||||No.|No.|
||The average monthly
number||ofemployees||during||the|period was made up as follows:|||||
||Office and iuanagemenu||||||||||||
|||2020|
|---|---|---|
|f60,001|- f70.000:|1|
##
||||||||2020|2020|2019|
|---|---|---|---|---|---|---|---|---|---|
||||||||||K|
|Diiddends
dt|other distribuuons||||||20,i345||26.157|
||||||||20,645||26.i57|
|12 TANGIBLE|FIXED||ASSETS|||||||
||||%7ebsite|Show ground|Mfltol'|Fixtures and|Trophies,||Total|
||||Development|improvements|Vehicles|fittings|plaques|d8||
||||||||medals|||
|C8ROVIP||||||||||
|Costs:||||||||||
|At
1 January|2020||6/05|125,999|5,000|31,454||811|169,469|
|Additions||||||5 o03|||5.203|
|Disposals||||||||||
|At
I D|I|20"-0|6 05|125,999|5.5100|36657||811|174.67|
|Depreciation:||||||||||
|At
1 January|2020||6,205|125,999|3,000|13,48Q|||148,684|
|Charge for year|||||1,000|4,005|||5,005|
|Disposals||||||||||
|At 31December||2020|6.205|125,999|4,000|17485|||153,689|
|Net book value||||||||||
|At 31December||2020|||1,000|19.172||811|-"0083|
|Net book value||||||||||
|At 31December||2019||||17,974||III I|0 185|
||||||Motor|Fixtures and|Trophies,||Total|
||||||Vehicles|fittings|plaques|&||
||||||||medals|||
|COMPANY||||||||||
|Costs:||||||||||
|At 1 January|2020||||5,QOO|25,208||811|31.019|
|Additions||||||5,203|||5,203|
|Disposals||||||||||
|At 31December||2020|||5 00i)|30 411||811|36222|
|Depreciation:||||||||||
|At
1 January|2020||||3,000|10,130|||13.130|
|Charge for year|||||1,000|3,123|||4,123|
|On disposals||||||||||
|At 31December||2020|||4000|13253|||17.253|
|Net book value||||||||||
|At 31 December||2020|||1 OOQ|17.158||811|18.969|
|Net book value||||||||||
|At 31December||2019|||2000|15 &!77||811|17888|
##
||||||Listed|Iinlisted|Total|
|---|---|---|---|---|---|---|---|
|GROT.'P||||||||
|Market Value||||||||
|At I January 2020
Acquisitions
at cost
Sale proceeds
from disposals
Gain in the year
At 31December 2020|||||1,097.882
372,919
(508,040)
28.359||1,097,882
372,9]9
(508,040)
28.359|
||||||991.120||991 120|
|Historic cost at 31December|2020||||8211543||820
43|
|Historic cost at31December|2019||||941,031||941,03l|
|COMPANY||||||||
|Market Value||||||||
|At I January 2020||||||||
|Acquisitions
at cost
Sale proceeds
from disposals
Gain in the year
At 31December 2020|||||1,097,882
372,919
(508,040)
28.359||1,097,886
372,919
(508,040)
28,359|
||||||991 12D|4|991124|
|Historic cost at 31Deceniber|2020||||820 543||82D547|
|IIistoric cost at 31 December|2019||||941,1131||941,035|
|All listed investments
are shown every year at market value, obtained||||from the investment|management
reports.|||
|Investments
are held primarily|toprovide|an Investment|Renun for the|Charity.||||
##
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|Subsidiary
tax reconciliation
Prof!t/(loss) on ordinary
acdvities before tax
Proi]t/Ooss)
on ordinary
activities mu]tiplied
ofcorporation
tax in the UK (19%)
Effects of:|(see note 9)
by the standard|rate|||2020
f
t299,676)
('56,938)|2019
97 524
17,770|
|---|---|---|---|---|---|---|
|Donation
to parent charity
Loss carried forward
Loss to carry forward
against
future profits|||||56,938|(2,399)
(15,371)|
|20 ANALYSIS OF CHARITABLE FUNDS|||||||
|ANALYSIS OFUNRESTRICTED FUNDS|OFTIIECHARITY||||||
|GROIIP|||||||
|||Subsidiary
trading
funds||General|Designated|Total|
|Balance at I January 2020
Income
Expenditure
Gains and losses||742
7,246
(306.922)||489,850
47,745
(94,432)
28,359|750,000|1,240,592
54,991
(401,354)
28,359|
|Ba]ance at 31 December 2020|||||||
|COMPANY||||General
f|Designated
f|Tora]|
|Balance at I January 2020
Income
Expenditure
Gains and losses||||489,850
47,745
(94,432)
28,359|750,000|],239,850
47,745
(94,432)
28,359|
|Balance at 31December 2020||||471522|7.0000|12 1.522|
|ANAI.YSISOF UNRESTRICTED FUNDS O
GROt!P|FTHE CHARITY -PREVIOUS Y|EA.R|||
|---|---|---|---|---|
||Subsidiarv|General|Designated|Total|
||trading
funds||||
|||f|||
|Balance at I January 2019
Income
Expenditure
Gains and losses|(80,156)
1,600,]82
(1,519,284)|394,827
59.952
(112,615)
]47,686|750,000|1,064,671
1,660,134
(1,631,899)
]47,686|
|Balance at 31December 2019|742|489,850|750 0011|1 2411592|
##
|COMPANY|General|Designated|rota)|
|---|---|---|---|
|Balance at I January 2019
Income
Expenditure
Gains and losses|394,827
59,952
(112,615)
147,686|750.000|1,144,827
59,952
(I]2,615)
147,686|
|Balance at 31December 2019||750,000|1,239,850|
##