## 

|('hat'lt1<br>ntfointaficat||||
|---|---|---|---|
|independent<br>auditors'|report|||
|Trustees'<br>amtual<br>report||||
|Consolulated<br>statement||of financial|acttciiles|
|Coitsohdated<br>balance sheet||||
|Charity<br>italance sheet||||
|Consohdated<br>Cash tlou||statemem||
|Notes to rite accounts||||





## 



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## 



## 



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## 

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## 



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## 

## 

## 



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## 

## 



## 

## 

## 

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## 

## 

## 

|Unrestricted<br>Funds|||||
|---|---|---|---|---|
|||I'eor ertdelt|I 'ill' I'li(li.'ll||
|||3l Di cemiiei|37|lJecemlivi.|
|||2021||2tt2 ti|
|Income from:|||||
|Donatl elis||1,933,128||3,082,433|
|Investment<br>mcome|3|741,954||750,849|
|Othei<br>income|||||
|Clrtrritottte<br>ecrivirietv|||||
|Education<br>media||||3.171|
|Information<br>and ed ncatlL7n|5|947,000||947,000|
|Total tincome||3,622.082||4,783453|
|Expentlltut<br>e onl|||||
|Clr~rritoble<br>ocrivi ries|||||
|Education<br>Incdia|4|8.871||5.593|
|Infill'n'Ianna<br>and LdLIcation|5|2 070760||I 47(1 8'3|
|Dorretloll(Poli/||||2,050|
|Total expenditure||2,079,631||1,484,466|
|rtet laconic for the rear||1,542,451||3,298,987|
|Funds brought forward||41.381,136|38,282,149||
|Funds carried forvrard||43,123,387|41,581,136||





|||||Drmestnctea|Drmestnctea|Funds|
|---|---|---|---|---|---|---|
|||||real' I'nifi'll||yi'.In' cnclcil|
|||||37 Di.'I i.'nlll('I'|37|Dcccnlftcr|
|||||202i||2020|
||||haoiet||||
|Net|mo; ement|m funds foi the year||1,342AS I||1 29S Off7|
|3ota|I gents! c co an i self|||1.SC2ASl||3,298,9s7|





## 

||||||||||||37Dci' olhcl'|37 D&'ceo)i&i)|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||2027|202f)|
||||||||||7&orc»||||
|Fixed assets|||||||||||||
|1'angtble<br>fixed assets|||||||||||53,123690|51,914.006|
|lllvCSIISClllS|||||||||||2,618,)30|2.61R245|
||||||||||||55,742,020|54,532,251|
|Cul Icnt assets|||||||||||||
|Stock|||||||||||31„450|40.296|
|Debtors||||||||||9|1,929.261|1.775.938|
|Cash at bank||and m h ind|||||||||2.238.061|2.170,782|
||||||||||||4,198.772|3.987.0!6|
|Curtent<br>liabi1ities: amounts|||||faliin|due|uithm<br>one|)e. i|11||(2,047,279)|('2.022.,097)|
|Isot current||asset»|||||||||2,151,493|I.i)64 c)i i)|
|Total assets||less cul'I'tnt||liabilities|||||||57,893,313|5()497 170|
|Creditors:|amoimts||failing||due more|tiian aftei one||year|12||(15,715,374)|(15.861.482)|
||||||||||||42,178,!39|40,633,688|
|Funds and|reserves||||||||||||
|Unrestricted||funds|||||||13||43,123,587|41,581,136|
|Revaluation||reserve|||||||14||(945,448)|(945.448)|
|Total funds||rnid reserves|||||||||42,178.139|40.635.688|
|The iinanmai<br>aig!)cd on its||statements<br> behalf by:||weie approved|||by the Board of Trudeev||on|....5.. .o.. ......I||"ei(kand<br>»vere|





## 

## 

||||||||||37 Dec'cn)f)ei|.Il Deccnil) 'i|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||202fl|
||||||||7'r)iesi||||
|Fixed assets|||||||||||
|Tangible<br>fixed assets||||||||7.!|33,884.457|33 534 246|
|investmenis||||||||8|7,826,73 1|7,826.73!|
||||||||||41,711.188|41,360.977|
|Cur~ant assets|||||||||||
|Sii)ck|||||||||31,451|40,296|
|Debtors||||||||9|1,810,405|1.409,913|
|Cash at bank||and m||hand|||||1,702.445|1,808,430|
||||||||||3,544,301|3,258,639|
|Creditors;|amounts|||I'ailing||due v ithin one year||11|(1,430.457)|(992936)|
||||||||||2.113.844|2,765.701|
|Debtors. amounts|||i|cceivable afier more|||than one vcai|10|20,790.380|19,78(i,088|
|Creditors: amounts||||tailing||clue atitei more than one year||12|(15,715,3741|(15,861.4821|
|Net assets|||||||||48,900.038|47,551,286|
|Represented||by:|||||||||
|I unde and|~eserves||||||||||
|Unrestricted||f'unde||||||13|47,551,286|43,066.!51|
|Net mo) emem<br>in I'unds for||||||the year||13|1,348,752|4,485,135|
|Total funds||and reser)es|||||||4ff,900,038|47,551,28()|
|1'he ginancial||statements|||)vere approvecf||by the Board of Trustees on|".|T4.4D.&~.. and ivei'c||
|signed on iis||behalf||by:|||||||





||||||3/ Dei I'iii/ ei|3/ Der ear/&ci|
|---|---|---|---|---|---|---|
||||||202/|2020|
|||||.&(orilt|||
|lvct cash inAolv<br>f'rom operating||activities||15|1„799,898|3,362,'707|
|Cash Aov s fl'onl his lstnlg|activities||||||
|In i crest<br>Ieccl 1cd|||||130,110|124.350|
|Rents<br>II.c('.l lcd|||||611,8ao|626,O99|
|Pay mania<br>to acqui re tangible|tixcd||assets||(2,328,380)|(3.234,771j|
|Pal nli:nts Io acquire<br>iiivestirlerns|||||(85)||
|P/ct cash outAon'<br>fr'onl ln'I cstlng||actlvhllcs|||(1,586,511)|(2,q83,922)|
|Cash Aons from financiiig|activities||||||
|Receipts tiom nen long tenn|loans||||2,700.000||
|Rcpavmcnts<br>of loan|||||(2,846.108)|(62.878)|
|f(ct cash BBIAons final Ananctng|||acth'itlcs||(14/).108)|(62,1178)|
|piet increase<br>/ (decrease) in|Cash||and||||
|Cash Equivalents|||||67,279|755,907|
|(.'ash and cash equivalents<br>atthe|||||||
|beginning<br>ofthe year|||||2,170,782|I,u 14.875|
|Cash and cash equivalents<br>at|the||||||
|cnd ofthc yca!'|||||2,238,061|2,170,782|
|Cash and sash equiivalents|consist of:||||||
|fash ai bank and in hand||||16|2,238,061|2, 170,782|





## 

## 

## 

## 

## 



## 

## 

## 



||||Yc'.cll' elicit'll|Yrcll crlded|
|---|---|---|---|---|
||||3/ Di'C cl'Ii/11.'I'|3 J' Dc CI ill/Ill.|
||||202/|2020|
|IIentai income|||61).sdd|626.-199|
|Bank interest|||130.110|124.330|
||||741.934|7SO,SC)9|
||||) ceil' iitdcd|) C'Cll' I'llC/I'I/|
||||3/ Diccmlml|3/ Dc.'c'I'. In/tel|
||||202/|2020|
|Education|media tncotne|||3,171|
|Education|ntet1ia cos/s||(8.871)|(S,S93)|
|Net (C'oat)|||()t./171)|(2 '122)|
||||Y 'cll' 'lidi'd|Y 'Cll' elided|
||||3l Dec emlml|3/ Decem/Icl'|
||||1(12/|2020|
|Information|and education|mcome|947,000|9e7.000|
||||947.000|9c(7,000|





## 

## 

|Ex(FOB|srtA|TtO|tr(<br>AND EDIL'CAT(ON (cont|mucdi|||
|---|---|---|---|---|---|---|
|||||}'eur unde&i|Vl'ul'|l.'flrlerl|
|||||3l Dr'r. eml&er|3l Der.|errilrer|
|||||2023||2020|
|information||aiirf er!ucatlciii expel&sr. s|||||
|Ivleetin|related expenses|||519.640|511,548||
|Depreciation||||1,118.698|1.053.685||
|t(epaii's|ai&tl|I'eili*. u afs||36,112|126,854||
|1&mancc|charges|||276.870|3|10.264|
|1'oreign|a~change||losses l (garnsi|114,543|(530&425)||
|Audit fees||||4,897||4.897|
|||||2.070.760|1,476.823||
|||||Yr'rii ended|1r rii'|i'lrded|
|||||3l Dermnl&<br>'i|3i Dr'r|eill lli'r'|
|||||2022||2020|
|Donauons<br>paid||||||2,050|
|||||||2,050|





||||C||t|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||||0|
||||||0||||||||IJ|U<br>O<br>I|IJ<br>dI|
||||||||||||||t||0|
||||||||||||||U0|||
||||||||||||||||JJ0|
||||||||||||||0|U||
|||||||||||||||J||
||||C|0|||||||||c|0<br> )<br>0||
|||c||0||||||||||||
|||0|I|||||||||||||
||||||||||||||O|||
|||||||||||||||U|U|
||||JCcc||IO||||||||0||I|
||||&I|||||||||||||
||||||||||||||I|U||
|||||||||||||||2|0|
||||0|||||||C||||Ec'0||
|||||||||||I|I|||||
||||||||||||||Il|||
||||||||||||||||U|
||||||||||||||G|0|E<br>U|
||||||||||||||0||G|
||||I'I|I||||||||||||
|||||t||||||||||||
||||1|||||||||||||
||||I <br>C'|C|||IG||||||0||0|
||||||IG|||||G|||O|||
|||||||||||||||G|0|
|||||||||||||||0tl||
||||||||||||||G.|&.||
|CG||||||||||||||||
||||||||||||||G|||
||||||||||||||IU|||
|||||||||||||I I||||
|||||||||||||c I||||
|Cl|||J||U<br>00<br>LlU|Q|I I|0<br>U||I-"||0<br>U||||
|||||00|||0|,G|O|Q||Q||||
|l||||||||||||||8<br>0||
||t|||||||||||||||





|C'liini! I|||||||
|---|---|---|---|---|---|---|
|||El&lily B||.41ifli &lliffl'r|El/Iflpllienl<br>B||
|||gllllfylngi'|Ti.'ill|Con ill'Iff lion|7&if&'nlllll'I|Tl&lul|
|As at I .Ianuaiy<br>2021||36,724,573|1.21.'.286|3.557,f126|830,015|42.325,700|
|Addll. loiis||923||1.190,602||1,192,167|
|As at 31 December|2021|36,725A96|1.213.28(i|4.748.428|830.657|43,517.867|
|DEPRECIATIOP|||||||
|As at I 1afluafy' 2021||7.19(i953|I 075.709||518 79'I|8 791 454|
|(.'barge for the lear||734.510|29,480||77.96(i|841.956|
|As at 31 Decembei|2021|7,931,463|1.105,18f1||596.758|9,633AI 0|
|As at 31 Deccmbei|2021|28.794,033|108.097|4.748.428|233,899|33,884.457|
|As at 31 Dcccmbm|2(T20|29,527.620|137,577|3,557,826|3!1,223|33,534,24(i|





## 

## 

||||3iD«embei|.li D«emhef|
|---|---|---|---|---|
||||202i|2020|
|||||(|
|As|at|1 lanuars|2.610.330|2.618,245|
|As|at|31 December|2,61g.330|2,6 1g 245|



||||||( Of&nfl<br>V 0/||||PI0pof fluff oi<br>I'Olmg loglifi|PI0pof fluff oi<br>I'Olmg loglifi|flfIII&I &'0(|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||ll&'!*fr&i &&fluff|||IIfllflfff'|d Sgurm|lief&I|fffflflf&si i|
|RSSB|Scuthail|Ltd|||England|Onimary||Shares||100"i|1 I'UPCIIE'|
||||||||||||kiaaii '~omni|
|EUI'on|Dcvclopnlcnls|||Lnl|England|Ordmarv||Share||Iliam|Pnlpelli|
||||||||||||Mlul' gcnisni|
|Eurun|D ielopmcnts|||(france! Ltd|England|Ord mary||Sharc&||100"l|Propert&|
||||||||||||Maiiagcuicnl|
|RSSB|CZ sto||||(Mech ltq&ubhc|||L LC'||1 tl0'yl|Pl'opctl'i'|
||||||||||||hi&tang&an:Iu|
|Atlnna|Moutalasm||SA||Cirsec&|Ordm|ry Shares|||100'!l|I n)pc&IE'|
||||||||||||6'Iallilg &UIClu|





## 

|C/Iur (0.|||
|---|---|---|
||3/ Dclvinl&l'I'|3JDl.i.'Ciull<br>' I'|
||20&/|2020|
|As at I January|7,826,73 1|7.826.731|
|As at 31 December|7„826,731|7,82(»731|



## 

## 

|DEBT|ORS: amounts<br>recmva|bie<br>Iv itl»n one year|bie<br>Iv itl»n one year|||
|---|---|---|---|---|---|
|||C I&iI &Y&ill(i&I&'ll||C'/Iuri ii||
|||.(l D&lcm(i»i|3JDcccsihcr|3l Decem(&cr|3/ Dicta&i&I r|
|||202/|2020|202J|&(J&0|
|Sundry|debtors|1,890,075|1,723.934|1.774,468|1,360,934|
|Prepayments||39,186|52,004|35.937|48,979|
|As at 31December||1.929,261|1.775,938|1,810,405|1,409.913|





## 

## 

|1)EBT|ORS:|amo|unts<br>rccei|yabic aller m|ore|ihan one veer|ihan one veer|||
|---|---|---|---|---|---|---|---|---|---|
|||||||Ouiwuliduied||C liu»r&||
||||||31|December'|3/ 1&c'c'c'mbc'i'|.1/ Dec'e&iil&er|31Derrml&ei'|
|||||||2021|2i)20|202/|&020|
|Amounts|owed|by|subsidlai'1'|uttdertaklt&gs||||20.790,380|19,786,088|



## 

||C calcu/&chil '0|C calcu/&chil '0|C'burl&i||
|---|---|---|---|---|
||31Deeembci|31 Decelllbel|3/ Decal&lb&'I'|ll Dere&lib&'i|
||202/|2020||2020|
|Trade creditors|57,500|30.483|36,487|41,278|
|Other creditoiy|1,989,779|1,991,614|1093.970|951.658|
|Ay at 31 December|2,047,279|2.022.097|1,430,457|992.936|



## 

|CRED(TOR|S: amounts|failing due more|than after one|year|||
|---|---|---|---|---|---|---|
||||C'onto)it)ared||Cbar)it||
||||31Dec.'embei|31 Dc'c.'embc*r|31Dec'cmbe&|3/ Dc'camber|
||||202/|2020|2021|2020|
|l.oans payable|after more|than one year|15,715,374|15,861,482|15,715,374|15,861.482|
|As at 31 Dccmnber|||15,715.374|15.861&482|15,715.374|15,861,482|





||||C'on«&lid«re&l|C'on«&lid«re&l|C7&ini'it||
|---|---|---|---|---|---|---|
||||Jl Deecniln'i|Jl 13cl.cail&i'i'|Jl Decenihel'|Jl Deer*a&a& r|
||||202l|20&0|202l|2020|
|General|reserte (Umestncted|funds)|||||
|As at<br>1.(anuary|||41,581.136|38,282,149|47.531,286|43,066,151|
|hlcoirn:|||3,622,082|4,783,453|3,550.607|4.743.133|
|Expelictit|lt'c||(2,0793&31)|(1 484.466)|(2,2()1.855)|(257,9911)|
|As at 31|December||43.123.587|41.581,136|48,900,03tf|47,551,286|



## 

||||Co&of&lulu& 'll|Co&of&lulu& 'll|C lii&l'in|||
|---|---|---|---|---|---|---|---|
||||3l Dc&eall& 'i|Jl D n 'nilm&|Jl D'cenll&er|Jl Dei|'&Ill&el'|
||||202l|2020|2 C&2l||2020|
|As|at|1 January|(945.448)|(945.448)||||
|As|at|31 Decmn her|(945,448)|(945,448)||||





## 

||||3/ Dei.eniiiei|3/ Di!cciil/&ci'|
|---|---|---|---|---|
|||||2020|
|le!et income<br>/ espendfitnre|for the year||1.542451|3,298,987|
|leon-operatllftg<br>Ilicontc|||||
|Interest receii able|||(130.110)|(124,350)|
|Rent iecetved|||(61i,844)|(626,499)|
|isoit-cash Adinsfnients|||||
|Dcplccianon<br>chalgc for tlic|year||1,118,698|1,053,685|
|DeciCBsc') (01crcasc) ili sto|k||8.843|(1.173)|
|(Increase)<br>I dcmcase<br>in debtors|||(177,234)|(275,752)|
|(111crcBsc),tlcclcasc<br>n1 ci'cdltot'I|||49.094|(22,191)|
|bfet cash floii<br>I'rom operaiing||actii ities|I.799.898|3„302.707|



## 

|||dr / 3niniii&1|C iisii//elis|3/ Dccenii&ei|
|---|---|---|---|---|
|||2027|202/|202 I|
|C'ash|at bank and in hand|2,170,782|67,279|2,238,061|
|Total|cash and cash equicaients|2.170.782|67,279|2,238,0(&1|





## 

|Entity||||slahie|Interest|
|---|---|---|---|---|---|
|RSSB Soutlmll<br>Ltd.||Ordinary|||100')ti|
|I.uron Derelopments|Ito.|Ordinary|100||100'in|
|Euron Deuciopments|(France) Lrd|Ordinars|100||100'!;|
|AihuIa Moutalaski<br>SA.||Orrhnary|6i471i448||100"|
|RSSB.C'2 sio||Partnership|N/A|NIA|100"'|



||||3/ Dci coi/ici|3/ Dci i iii/im|
|---|---|---|---|---|
||||2 /12/|2020|
||||l||
|Income|||209.952|211.738|
|Expcliscs|||(214.817)|(211.790)|
|Net (loss)/rain|I'or the year||(14,865)|(52)|
|The aggregaie|ofihe as~et~, liabilities|and 4 *ficits nas:|||
||||3/ Dcr.'"illliel'|3/ /3cccnibci'|
||||2I'/ Il|202//|
|A sets|||1,427.701|1„451,2I5|
|Liabilities|||(653,409)|(66'2,059)|
|Net (liabilities)iassets|||774,292|789,!56|





## 

|Er&rc&n DcvclaJ&&&mlitt Ll&J.|Er&rc&n DcvclaJ&&&mlitt Ll&J.|||
|---|---|---|---|
|||3l Dcl<br>'lnl&el|3l 23cc &&Ill&c&|
|||202J|2020|
|Ittconte||||
|Expenses||(!62A59)|(161835)|
|Net loss|1'or the near|(162A59)|(161,1135)|
|The aggregate ofthc assets, 1&ahihties and deficits tean:||||
|||3l Decem(&rr|.tl Dcc.c'alger|
||||20 &(i|
|||f|f|
|Assets||8,533.745|7A67Ad5|
|Ltabthtles||(8,824,072)|(7,595.'! 13)|
|Net assets||(290.327)|(127.868)|



|||31 Dc'c c'nllll. *l|37 Dc.'ccall&el.|
|---|---|---|---|
|||202 J|2020|
|Income||158,589|105.777|
|Admimstratlte|expenses|150,166|(1,116,828)|
|Net gain/ (loss)|for the )'ear|308,755|(1,011,051)|





## 

## 

|The aggregate|The aggregate|ot' the assets, liabilities|and deficns ivan|||
|---|---|---|---|---|---|
|||||3/ Der enihei|3/' Der ember|
|||||202/|2020|
|Assets||||6.5g6,339|6.5 &g,343|
|Ltabtitucs||||(10,673,762)|( 10.922.634)|
|Net liabilities||||(1og7 403)|(4 344 79i )|
|Arh/nrr<br>Aron/a/ai//$4||||||
|||||3/ Der erlifim|3/ Der alii/iei'|
|||||202/|2020|
|Income||||170,3S5|1 ft1,302|
|Arliiniiilsii'iiiior||i xtlen\es||(72.12tl)|( 176.155)|
|Nct mcome|i (loss) foi the year|||9S,257|5,]47|
|The aggre|atc|of'the assets, liabihuos|and deficits aas:|||
|||||3/ Der rmbi'r|3/ Der enibei|
|||||2(12/|2020|
|Assets||||4,473,967|4i446,!46|
|I iabilities||||(79S.257j|(S65,694)|
|Net assets||||3,673,710|3,577,452|





## 

|||31 December|31 December|
|---|---|---|---|
|||2027|2020|
|lilcoltie||||
|Adlniitistratlve|evpelisev|(33,992)|(60,980)|
|Net loss for the|year|(35.992)|(60,980)|



|The aggregate ofthe assetv, liabilities<br>and do|t)cits ivav.||
|---|---|---|
||37 Deeciiiber|3/ Dci.crit(i or|
||2021|2(i20|
|Assets|666.589|575.681|
|1 iabiliucr|(!.092A79)|(965,578)|
|Net liabilities|(425.890)|(389,897)|



##