2022-03-31-accounts

Contents
Charitydetails
ReportoftheDirectors
Independentauditors’report
Statementoffinancialactivities
Summaryincomeandexpenditure
Balancesheet
Statementofcashflows
Notestothefinancialstatements	18 -28

		Unrestricted	Restricted	Endowment
	Note	funds	funds	funds	Total2022	Total2021
						(Note14)
		£	£	£	£	£
Incomeandendowments
from:
Donations		-	1,634,640	1,658,038	3,292,678	1,491,043
Investments		-	30,478	-	30,478	40,620
		-	1,665,118	1,658,038	3,323,156	1,531,663
Expenditure:
Raisingfunds		-	40,756	-	40,756	34,223
Charitableactivities	&	21,269	1,609,640	-	1,630,909	1,433,786
		21,269	1,650,396	-	1,671,665	1,468,009
		(21,269)	14,722	1,658,038	1,651,491	63,654
Net(losses)/gainson
investments		-	100,298	-	100,298	1,136,556
FX(losses)/gains		-	(1,140)	-	(1,140)	(4,358)
Netincome/(expenditure)
andNetmovementinfunds		(21,269)	113,880	1,658,038	1,750,649	1,195,852
Totalfundsbroughtforward		64,471	5,691,440	18,226,160	23,982,071	22,786,219
Totalfundscarriedforward	10	43,202	5,805,320	19,884,198	25,732,720	23,982,071

	2022	2021
	£	£
Totalincome	1,665,118	1,486,566
Totalexpenditure	(1,671,665)	(1,468,009)
Realisedandunrealisedgains/(losses)onrevaluationof
investments	100,298	1,136,556
FX(losses)/gains	(1,140)	(4,358)
Surplusfortheyear	92,611	1,150,755

	Note	2022	2021
		£	£
Fixedassets
Heritageassets		20,549,617	18,891,579
Investments		4,844,455	4,729,004
		25,394,072	23,620,583
Currentassets
Cashandcashequivalents		505,048	388,488
		505,048	388,488
Liabilities
Creditors:Amountsfallingduewithinoneyear		66,400	12,000
Netcurrentassets		438,648	376,488
Totalassetslesscurrentliabilities		25,832,720	23,997,071
Creditors:Amountsfallingdueaftermorethan
oneyear		100,000	15,000
Totalnetassets		25,732,720	23,982,071
Funds
Endowments		9,146,579	7,488,541
Revaluationreserve		10,737,619	10,737,619
	11	19,884,198	18,226,160
Restricted	11	5,805,320	5,691,440
Unrestricted	11	43,202	64,471
Totalcharityfunds		25,732,720	23,982,071

	Note	2022	2021
		£	£
Cashflowsfromoperatingactivities
Netincomefortheyear		1,750,649	1,195,852
Adjustmentsfor:
Donatedassets	2a	(1,658,038)	(45,097)
Investmentincome	2b	(30,478)	(40,620)
Investmentmanagementfees	3	40,756	34,223
Netgains/(losses)oninvestments	7	(100,298)	(1,136,556)
Decrease/(increase)indebtors		-	-
(Decrease)/increaseincreditors	8	139,400	4,140
Netcashflowsfromoperatingactivities		141,991	11,942
Cashflowsfrominvestingactivities
Dividendsandinterestfrominvestments	2b	30,478	40,620
Investmentmanagementfees	3	(40,756)	(34,223)
Purchaseofinvestments	7	(508,163)	(1,155,669)
Proceedsfromsaleofinvestments	7	541,257	=1,164,355
Netmovementinmanagedcashbalance	7	(48,247)	(15,460)
Netcashflowsfrominvestingactivities		(25,431)	(377)
Changeincashandcashequivalentsinreporting
period		116,560	11,565
Cashandcashequivalentsbrought
forward		388,488	376,923
Cashandcashequivalentscarried
forward	9	505,048	388,488

	Unrestricted funds	Restricted funds	Endowment funds	Total2022
	£	£	£	£
Incomeandendowmentsfrom:
Monetarydonations	-	135,000	-	135,000
Donatedgiftsandservices	-	1,499,640	1,658,038	3,157,658
	-	1,634,640	1,658,038	3,292,678
	Unrestricted funds	Restricted funds	Endowment funds	Total2021
	£	£	£	£
Incomeandendowmentsfrom:
Monetarydonations	-	25,741	-	25,741
Donatedgiftsandservice	-	1,420,205	45,097	1,465,302
	-	1,445,946	45,097	1,491,043

Thedon	ated	giftsandserviceswereappliedtotheacti	vitiesofthecharityasfollows:
			2022	2021
			£	£
Running	costs	ofthecharityatvaluation	1,499,640	1,420,205
Tangible	fixed	assetadditionsatvaluation	1,658,038	45,097
			3,157,658	1,465,302

	2022	2021
	£	£
Listedinvestments:
UKfixedinterestincome	74	7,958
UKdividendincome	16,246	13,841
Overseasequities	14,158	18,821
	30,478	40,620

	Unrestricted funds	Restricted funds	Endowment funds	Total 2022
	£	£	£	£
Investmentmanagementfees	-	40,756	-	40,756
	Unrestricted funds	Restricted funds	Endowment funds	Total 2021
	£	£	£	£
Investmentmanagementfees	-	34,223	-	34,223

	Unrestricted funds	Restricted funds	Endowment funds	Total2022
	£	£	£	£
Bankcharges	689	-	-	689
Bursariesawardedtoindividuals	3,000	-	-	3,000
Legalandprofessional	5,280	-	-	5,280
Auditandaccountancy	12,300	-	-	12,300
Donatedservices	-	1,609,640	-	1,609,640
	21,269	1,609,640	-	1,630,909
	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	Total2022	Total2021
	£	£	£	£	£
Auditfee(includingVAT)	11,400	-	-	11,400	10,500
Auditfee- underprovision	900	-	-	900	2,640
	12,300	-	-	12,300	13,140

	2022	2021
Cost/valuation	£	£
At1 April	18,891,579	18,846,482
Additionsduringtheyear	1,658,038	45,097
At31March	20,549,617	18,891,579

		2021	2020	2019	2018
		£	£	£	£
Donationsatvaluation	1,658,038	45,097	30,335	93,925	30,112
Totaladditions	1,658,038	45,097	30,335	93,925	30,112

	2022	2021
	£	£
At1 April	4,729,004	3,585,674
Additionsatcost	508,163	1,155,669
Saleproceedsfromdisposals	(541,257)	(1,164,355)
Realisedandunrealisedgains	100,298	1,136,556
Netcashmovements	48,247	15,460
At31March	4,844,455	4,729,004

	2022	2021
	£	£
Listedinvestments:
UKfixedinterestsecurities	380,740	491,377
UKequitiesandequityfunds	501,897	552,819
Overseasequitiesandequityfunds	2,603,648	2,605,608
Hedgefunds	549,732	394,835
Moneymarket	265,737	289,023
Other	542,701	395,342
	4,844,455	4,729,004
Historicalcost	3,614,270	3,377,762

	2022	2021
	£	£
Accruals Othercreditors	125,000 41,400	15,000 12,000
	166,400	27,000

					Foreign
		At	1April	Cash	exchange	At31March
			2021	flows	movements	2022
			£	£	£	£
Cash	andcashequivalents		388,488	117,700	(1,140)	505,048
Total			388,488	117,700	(1,140)	505,048

	At1 April			Revaluationof	|At31March
	2022	Income	Expenses	investments	2022
	£	£	£	£	£
Unrestrictedfund	64,471	-	(21,269)	-	43,202
Restrictedfunds:
Scientistsproject	23,088	-	-	-	23,088
Archive	5,668,352	1,663,978	(1,650,396)	100,298	5,782,232
Endowmentfund	18,226,160	1,658,038	-	-	19,884,198
	23,982,071	3,322,016	(1,671,665)	100,298	25,732,720
	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	5,688,352
Endowmentfund	18,181,063	45,097	-	-	18,226,160
	22,786,219	1,493,452	(1,468,009)	1,170,409	23,982,071

	Unrestricted	Restricted	Endowment
	funds	funds	funds	Totalfunds
	£	£	£	£
Heritageassets	-	665,419	19,884,198	20,549,617
Investments	-	4,844,455	-	4,844,455
Currentassets	54,602	450,446	-	505,048
Liabilities	(11,400)	(155,000)	-	(166,400)
At31March2022	43,202	5,805,320	19,884,198	25,732,720
	£	£	£	£
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

		2022	2021
		£	£
Rothschild& CoBankInternationalLimited	Cashandcashequivalents	505,048	388,488
NMRothschild& SonsLimited	Othercreditors	(30,000)	-
		475,048	388,488
mountsrecognisedinthestatementoffinancialactivitieswereasfollows:
		2022	2021
		£	£
Rothschild& CoWealthManagement(UK)
Limited	Investmentmanagementfeespaid	(40,756)	(34,151)
Rothschild& CoContinuationLimited	Donatedgifts	1,641,425	-
NMRothschild& SonsLimited	Monetarydonation	110,000	-
NMRothschild& SonsLimited	Donatedservices	1,499,640	1,420,205
		3,210,309	1,386,054

	Unrestricted	Restricted	Endowment
	funds	funds	funds	Total2021
	£	£	£	£
Incomeandendowmentsfrom:
Donations	-	1,445,946	45,097	1,491,043
Investments	-	40,620	-	40,620
	-	1,486,566	45,097	1,531,663
Expenditure:
Raisingfunds	-	34,223	-	34,223
Charitableactivities	13,581	1,420,205	-	1,433,786
	13,581	1,454,428	-	1,468,009
Net(losses)/gainsoninvestments	-	1,136,556	-	1,136,556
FX(losses)/gains	-	(4,358)	-	(4,358)
Netincome/(expenditure)	(13,581)	1,164,336	45,097	1,195,852
Totalfundsbrought forward	78,052	4,527,104	18,181,063	22,786,219
Totalfundscarriedforward	64,471	5,691,440	18,226,160	23,982,071