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|Contents|||
|---|---|---|
|Charitydetails||3|
|ReportoftheDirectors|4—8||
|Independentauditors'report|9|—13|
|Statementoffinancialactivities||14|
|Summaryincomeandexpenditure||15|
|Balancesheet||16|
|Statementofcashflows||17|
|Notestothefinancialstatements|18-28||
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03 December 2021
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|||**Unrestricted**|**Restricted**|**Endowment**|||
|---|---|---|---|---|---|---|
||**Note**|**funds**|**funds**|**funds**|**Total2021**|**Total2020**|
|||||||(Note14)|
|**Incomeandendowments**|||||||
|**from:**|||||||
|Donations|2(a)|-|1,445,946|45,097|1,491,043|1,452,767|
|Investments|2(b)|-|40,620||40,620|47,994|
|||**-**|**1,486,566**|**45,097**|**1,531,663**|**1,500,761**|
|**Expenditure:**|||||||
|Raisingfunds|3||34,223||34,223|32,931|
|Charitableactivities|4|13,581|1,420,205|-|1,433,786|1,431,612|
|||**13,581**|**1,454,428**|**-**|**1,468,009**|**1,464,543**|
|||**(13,581)**|**32,138**|**45,097**|**63,654**|**36,218**|
|Net(losses)/gainson|||||||
|investments|7|-|1,136,556|-|1,136,556|(155,010)|
|FX(losses)/gains|||(4,358)||(4,358)|2,862|
|**Netincome/(expenditure)**|||||||
|**andNetmovementinfunds**||**(13,581)**|**1,164,336**|**45,097**|**1,195,852**|**(115,930)**|
|Totalfundsbroughtforward||78,052|4,527,104|18,181,063|22,786,219|22,902,149|
|**Totalfundscarriedforward**|10|**64,471**|**5,691,440**|**18,226,160**|**23,982,071**|**22,786,219**|
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||**2021**|**2020**|
|---|---|---|
|Totalincome|1,486,566|1,470,426|
|Totalexpenditure|(1,468,009)|(1,464,543)|
|Realisedandunrealisedgains/(losses)onrevaluationof|||
|investments|1,136,556|(155,010)|
|FX(losses)/gains|(4,358)|2,862|
|**Surplusfortheyear**|**1,150,755**|**(146,265)**|
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||**Note**|**2021**|**2020**|
|---|---|---|---|
|Fixedassets||||
|Heritageassets|6|18,891,579|18,846,482|
|Investments|7|4,729,004|3,585,674|
|||**23,620,583**|**22,432,156**|
|**Currentassets**||||
|Cashandcashequivalents||388,488|376,923|
|||**388,488**|**376,923**|
|Liabilities||||
|Creditors:Amountsfallingduewithinoneyear|8|12,000|7,860|
|**Netcurrentassets**||**376,488**|**369,063**|
|**Totalassetslesscurrentliabilities**||**23,997,071**|**22,801,219**|
|Creditors:Amountsfallingdueaftermorethan||||
|oneyear|8|15,000|15,000|
|**Totalnetassets**||**23,982,071**|**22,786,219**|
|**Funds**||||
|Endowments||7,488,541|7,443,444|
|Revaluationreserve||10,737,619|10,737,619|
||11|18,226,160|18,181,063|
|Restricted|11|5,691,440|4,527,104|
|Unrestricted|11|64,471|78,052|
|**Totalcharityfunds**||**23,982,071**|**22,786,219**|
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||**Note**|**2021**|**2020**|
|---|---|---|---|
|**Cashflowsfromoperatingactivities**||||
|Netincomefortheyear||**1,195,852**|**(115,930)**|
|Adjustmentsfor:||||
|Donatedassets|2a|(45,097)|(30,335)|
|Investmentincome|2b|(40,620)|(47,994)|
|Investmentmanagementfees|3|34,223|32,931|
|Netgains/(losses)oninvestments|7|(1,136,556)|155,010|
|Decrease/(increase)indebtors||||
|(Decrease)/increaseincreditors|8|4,140||
|**Netcashflowsfromoperatingactivities**||**11,942**|**(6,318)**|
|**Cashflowsfrominvestingactivities**||||
|Dividendsandinterestfrominvestments|2b|40,620|47,994|
|Investmentmanagementfees|3|(34,223)|(32,931)|
|Purchaseofinvestments|7|(1,155,669)|(651,209)|
|Proceedsfromsaleofinvestments|7|1,164,355|702,599|
|Netmovementinmanagedcashbalance|7|(15,460)|(66,777)|
|**Netcashflowsfrominvestingactivities**||**(377)**|**(324)**|
|**Changeincashandcashequivalentsinreporting**||||
|**period**||**11,565**|**(6,642)**|
|**Cashandcashequivalentsbrought**||||
|**forward**||376,923|383,565|
|**Cashandcashequivalentscarried**||||
|**forward**|**9**|**388,488**|**376,923**|
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|**.Incomeandendowments**
**. Donations**|||||
|---|---|---|---|---|
||Unrestricted|Restricted|Endowment||
||funds|funds|
funds|Total2021|
|Incomeandendowmentsfrom:|||||
|Monetarydonations||25,741||25,741|
|Donatedgiftsandservices|-|1,420,205|45,097|1,465,302|
||-|1,445,946|45,097|1,491,043|
||_Unrestricted_|_Restricted_|_Endowment_||
||_funds_|_funds_|
_funds_|_Total2020_|
|_Incomeandendowmentsfrom:_|||||
|_Monetarydonations_|||||
|_Donatedgiftsandservice_||_1,422,432_|_30,335_|_1,452,767_|
||_-_|_1,422,432_|_30,335_|_1,452,767_|
|hedonatedgiftsandserviceswereappliedtotheactiv|itiesofthecharityasfollows:||
|---|---|---|
||2021|_2020_|
|Runningcostsofthecharityatvaluation|1,420,205|_1,422,432_|
|Tangiblefixedassetadditionsatvaluation|45,097|_30,335_|
||1,465,302|_1,452,767_|
##
|**. Investmentincome**|||
|---|---|---|
||2021|_2020_|
|Listedinvestments:|||
|UKfixedinterestincome|7,958|7,995|
|UKdividendincome|13,841|_18,659_|
|Overseasequities|18,821|_21,303_|
|Unlistedinvestments:|||
|UKdividendincome|||
|Bankinterest||37|
||40,620|_47,994_|
##
|**.Raisingfunds**|||||
|---|---|---|---|---|
||**Unrestricted**|**Restricted**|**Endowment**|**Total**|
||**funds**|**funds**|**funds**|**2021**|
|Investmentmanagementfees||34,223||34,223|
||**_Unrestricted_**|**_Restricted_**|**_Endowment_**|**_Total_**|
||**_funds_**|**_funds_**|**_funds_**|**_2020_**|
|_Investmentmanagementfees_||_32,931_||_32,931_|
##
|**4.Charitableactivities**|||||
|---|---|---|---|---|
||**Unrestricted**|**Restricted**|**Endowment**||
||**funds**|**funds**|**funds**|**Total2021**|
|Bankcharges|441|-||441|
|Auditandaccountancy|13,140|||13,140|
|Donatedservices||1,420,205||1,420,205|
||**13,581**|**1,420,205**||**1,433,786**|
||**_Unrestricted_**|**_Restricted_**|**_Endowment_**||
||**_funds_**|**_funds_**|**_funds_**|**_Total2020_**|
|_BankCharges_|||||
|_Auditandaccountancy_|_9,180_|||_9,180_|
|_Donatedservices_||_1,422,432_||_1,422,432_|
||**_9,180_**|**_1,422,432_**||**_1,431,612_**|
||**Unrestricted**|**Restricted**|**Endowment**|||
|---|---|---|---|---|---|
||**funds**|**funds**|**funds**|**Total2021**|**_Total2020_**|
|Auditfee(includingVAT)|10,500|||10,500|_7,860_|
|Auditfee-underprovision|2,640|||2,640|_1,320_|
||**13,140**|||**13,140**|**_9,180_**|
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|**. Heritageassets**|||
|---|---|---|
||**2021**|**_2020_**|
|**Cost/valuation**|||
|At1April|18,846,482|_18,816,147_|
|Additionsduringtheyear|45,097|30,335|
|**At31March**|**18,891,579**|**_18,846,482_**|
||**2021**|**2020**|**2019**|**2018**|**2017**|
|---|---|---|---|---|---|
||**£**|**£**|**£**|**£**|**£**|
|Donationsatvaluation|45,097|30,335|93,925|30,112|23,281|
|**Totaladditions**|**45,097**|**30,335**|**93,925**|**30,112**|**23,281**|
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|**Investments**|||
|---|---|---|
||**2021**|**_2020_**|
|At1April|3,585,674|_3,725,297_|
|Additionsatcost|1,155,669|_651,209_|
|Saleproceedsfromdisposals|(1,164,355)|_(702,599)_|
|Realisedandunrealisedgains|1,136,556|_(155,010)_|
|Netcashmovements|15,460|66,777|
|**At31March**|**4,729,004**|**_3,585,674_**|
|estmentscomprise:|||
|---|---|---|
||**2021**|**_2020_**|
|**Listedinvestments:**|||
|UKfixedinterestsecurities|491,377|_581,366_|
|UKequitiesandequityfunds|552,819|_377,514_|
|Overseasequitiesandequityfunds|2,605,608|_1,989,043_|
|Hedgefunds|394,835|_374,596_|
|Moneymarket|289,023|_181,038_|
|Other|395,342|_82,117_|
||**4,729,004**|**_3,585,674_**|
|**Historicalcost**|**3,377,762**|**3,187,763**|
##
|**8.Creditors**|||
|---|---|---|
||2021|**_2020_**|
|Accruals|15,000|_15,000_|
|Othercreditors|12,000|_7,860_|
||27,000|**_22,860_**|
##
||||Foreign||
|---|---|---|---|---|
||At1April|Cash|exchange|At31March|
||2020|flows|movements|2021|
|Cashandcashequivalents|376,923|15,923|(4,358)|388,488|
|Total|376,923|15,923|(4,358)|388,488|
##
|**.Funds**||||||
|---|---|---|---|---|---|
||**At1 April**|||**Revaluationof**|**At31March**|
||**2020**|**Income**|**Expenses**|**investments**|**2021**|
|Unrestrictedfund|78,052||(13,581)||64,471|
|Restrictedfunds:||||||
|Scientistsproject|23,088||||23,088|
|Archive|4,504,016|1,448,355|(1,454,428)|1,170,409|5,668,352|
|Endowmentfund|18,181,063|45,097|||18,226,160|
||**22,786,219**|**1,493,452**|**(1,468,009)**|**1,170,409**|**23,982,071**|
||**_At1 April_**|||**_Revaluationof_**|**_At31March_**|
||**_2019_**|**_Income_**|**_Expenses_**|**_investments_**|**_2020_**|
|_Unrestrictedfund_|_87,195_|_37_|_(9,180)_||_78,052_|
|_Restrictedfunds:_||||||
|_Scientistsproject_|_23,088_|||_-_|_23,088_|
|_Archive_|_4,641,138_|_1,473,251_|_(1,455,363)_|_(155,010)_|_4,504,016_|
|_Endowmentfund_|_18,150,728_|_30,335_|||_18,181,063_|
||**_22,902,149_**|**_1,503,623_**|**_(1,464,543)_**|**_(155,010)_**|**_22,786,219_**|
##
||**Unrestricted**|**Restricted**|**Endowment**||
|---|---|---|---|---|
||**funds**|**funds**|**funds**|**Totalfunds**|
|Heritageassets||665,419|18,226,160|18,891,579|
|Investments||4,729,004||4,729,004|
|Currentassets|76,471|312,017||388,488|
|Liabilities|(12,000)|(15,000)||(27,000)|
|**At31March2021**|**64,471**|**5,691,440**|**18,226,160**|**23,982,071**|
|_Heritageassets_||665,419|18,181,063|18,846,482|
|_Investments_||3,585,674||3,585,674|
|_Currentassets_|85,912|291,011||376,923|
|_Liabilities_|(7,860)|(15,000)||(22,860)|
|**_At31March2020_**|**78,052**|**4,527,104**|**18,181,063**|**22,786,219**|
##
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|||**2021**|**_2020_**|
|---|---|---|---|
|Rothschild&CoBankInternationalLimited|Cashandcashequivalents|388,488|_376,923_|
|||**388,488**|**_376,923_**|
|ountsrecognisedinthestatementoffinancialactivitieswereasfollows:||||
|||**2021**|**_2020_**|
|Rothschild&CoWealthManagement(UK)||||
|Limited|Investmentmanagementfeespaid|(34,151)|(32,859)|
|NMRothschild&SonsLimited|Donatedservices|1,420,205|1,422,432|
|||**1,386,054**|**1,389,573**|
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||**Unrestricted**|**Restricted**|**Endowment**||
|---|---|---|---|---|
||**funds**|**funds**|**funds**|**Total2020**|
||**E**|**E**|**E**|**E**|
|**Incomeandendowmentsfrom:**|||||
|Donations||1,422,432|30,335|1,452,767|
|Investments|37|47,957||47,994|
||**37**|**1,470,389**|**30,335**|**1,500,761**|
|**Expenditure:**|||||
|Raisingfunds|-|32,931|-|32,931|
|Charitableactivities|9,180|1,422,432|-|1,431,612|
||**9,180**|**1,455,363**||**1,464,543**|
|Net(losses)/gainsoninvestments||(155,010)|-|(155,010)|
|FX(losses)/gains|-|2,862||2,862|
|**Netincome/(expenditure)**|**(9,143)**|**(137,122)**|**30,335**|**(115,930)**|
|Totalfundsbroughtforward|87,195|4,664,226|18,150,728|22,902,149|
|**Totalfundscarriedforward**|**78,052**|**4,527,104**|**18,181,063**|**22,786,219**|