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|`Contents`||
|---|---|
|`Charitydetails`||
|`ReportoftheDirectors`||
|`Independentauditors’report`||
|`Statementoffinancialactivities`||
|`Summaryincomeandexpenditure`||
|`Balancesheet`||
|`Statementofcashflows`||
|`Notestothefinancialstatements`|`18`<br>`-28`|





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|||`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`|
|||<br>`-`|<br>`1,665,118`|<br>`1,658,038`|<br>`3,323,156`|<br>`1,531,663`|
|`Expenditure:`|||||||
|`Raisingfunds`||`-`|`40,756`|`-`|`40,756`|`34,223`|
|`Charitableactivities`|`&`|`21,269`|`1,609,640`|`-`|`1,630,909`|`1,433,786`|
|||<br>`21,269`|<br>`1,650,396`|<br>`-`|<br>`1,671,665`|<br>`1,468,009`|
|||<br>`(21,269)`|<br>`14,722`|<br>`1,658,038`|<br>`1,651,491`|<br>`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`<br> <br>|<br>`43,202`<br>|<br>`5,805,320`<br>|<br>`19,884,198`<br>|<br>`25,732,720`<br>|<br>`23,982,071`<br>|





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||`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`|<br>`92,611`<br>|<br>`1,150,755`<br>|





## 

||`Note`|`2022`|`2021`|
|---|---|---|---|
|||`£`|`£`|
|`Fixedassets`||||
|`Heritageassets`||`20,549,617`|`18,891,579`|
|`Investments`||`4,844,455`|`4,729,004`|
|||<br>`25,394,072`|<br>`23,620,583`|
|`Currentassets`||||
|`Cashandcashequivalents`||`505,048`|`388,488`|
|||<br>`505,048`|<br>`388,488`|
|`Liabilities`||||
|`Creditors:Amountsfallingduewithinoneyear`||`66,400`|`12,000`|
|`Netcurrentassets`||<br>`438,648`|<br>`376,488`|
|`Totalassetslesscurrentliabilities`||<br>`25,832,720`|<br>`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`|<br>`19,884,198`|<br>`18,226,160`|
|`Restricted`|`11`|`5,805,320`|`5,691,440`|
|`Unrestricted`|`11`|`43,202`|`64,471`|
|`Totalcharityfunds`||<br>`25,732,720`|<br>`23,982,071`|





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||`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`||<br> <br>`141,991`|<br> <br>`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`|<br>|<br> <br>`(25,431)`|<br> <br>`(377)`|
|`Changeincashandcashequivalentsinreporting`||||
|`period`||`116,560`|`11,565`|
|`Cashandcashequivalentsbrought`||||
|`forward`||`388,488`|`376,923`|
|`Cashandcashequivalentscarried`||||
|`forward`|`9`<br>|`505,048`<br>|`388,488`<br>|





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



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



## 

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





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||`Unrestricted`<br>`funds`|`Restricted`<br>`funds`|`Endowment`<br>`funds`|`Total`<br>`2022`|
|---|---|---|---|---|
||`£`|`£`|`£`|`£`|
|<br> <br>`Investmentmanagementfees`|<br> <br>`-`|<br> <br>`40,756`|<br> <br>`-`|<br> <br>`40,756`|
||<br>`Unrestricted`<br>`funds`|<br>`Restricted`<br>`funds`|<br>`Endowment`<br>`funds`|<br>`Total`<br>`2021`|
||`£`|`£`|`£`|`£`|
|<br>`Investmentmanagementfees`<br>|<br>`-`<br>|<br>`34,223`<br>|<br>`-`<br>|<br>`34,223`<br>|



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||`Unrestricted`<br>`funds`|`Restricted`<br>`funds`|`Endowment`<br>`funds`|`Total2022`|
|---|---|---|---|---|
||`£`|`£`|`£`|`£`|
|<br>`Bankcharges`|<br>`689`|<br>`-`|<br>`-`|<br>`689`|
|`Bursariesawardedtoindividuals`|`3,000`|`-`|`-`|`3,000`|
|`Legalandprofessional`|`5,280`|`-`|`-`|`5,280`|
|`Auditandaccountancy`|`12,300`|`-`|`-`|`12,300`|
|`Donatedservices`|`-`|`1,609,640`|`-`|`1,609,640`|
||<br>`21,269`|<br>`1,609,640`|<br>`-`|<br>`1,630,909`|
||<br>`Unrestricted`|<br>`Restricted`|<br>`Endowment`||
||`funds`|`funds`|`funds`|`Total2021`|
||`£`|`£`|`£`|`£`|
|<br>`BankCharges`|<br>`441`|<br>`-`|<br>`-`|<br>`441`|
|`Auditandaccountancy`|`13,140`|`-`|`-`|`13,140`|
|`Donatedservices`|`-`|`1,420,205`|`-`|`1,420,205`|
|<br>|<br>`13,581`<br>|<br>`1,420,205`<br>|<br>`-`<br>|<br>`1,433,786`<br>|



||`Unrestricted`|`Restricted`|`Endowment`|||
|---|---|---|---|---|---|
||`funds`|`funds`|`funds`|`Total2022`|`Total2021`|
||`£`|`£`|`£`|`£`|`£`|
|<br>`Auditfee(includingVAT)`|<br>`11,400`|<br>`-`|<br>`-`|<br>`11,400`|<br>`10,500`|
|`Auditfee- underprovision`|`900`|`-`|`-`|`900`|`2,640`|
|<br>|<br>`12,300`<br>|<br>`-`<br>|<br>`-`<br>|<br>`12,300`<br>|<br>`13,140`<br>|





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





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|||`2021`|`2020`|`2019`|`2018`|
|---|---|---|---|---|---|
|||`£`|`£`|`£`|`£`|
|<br>`Donationsatvaluation`|<br>`1,658,038`|<br>`45,097`|<br>`30,335`|<br>`93,925`|<br>`30,112`|
|<br>`Totaladditions`<br>|<br>`1,658,038`<br>|<br>`45,097`<br>|<br>`30,335`<br>|<br>`93,925`<br>|<br>`30,112`<br>|



## 

||`2022`|`2021`|
|---|---|---|
||`£`|`£`|
|<br>`At1 April`|<br>`4,729,004`|<br>`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`|
|<br>`At31March`|<br>`4,844,455`|<br>`4,729,004`|



||`2022`|`2021`|
|---|---|---|
||`£`|`£`|
|<br>`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`|
||<br>`4,844,455`|<br>`4,729,004`|
|<br>`Historicalcost`<br>|<br>`3,614,270`<br>|<br>`3,377,762`<br>|





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||`2022`|`2021`|
|---|---|---|
||`£`|`£`|
|<br> <br>`Accruals`<br>`Othercreditors`|<br> <br>`125,000`<br>`41,400`|<br> <br>`15,000`<br>`12,000`|
||<br>`166,400`|<br>`27,000`|



## 

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





## 

## 

||`At1 April`|||`Revaluationof`|`|At31March`|
|---|---|---|---|---|---|
||`2022`|`Income`|`Expenses`|`investments`|`2022`|
||`£`|`£`|`£`|`£`|`£`|
|<br>`Unrestrictedfund`|<br>`64,471`|<br>`-`|<br>`(21,269)`|<br>`-`|<br>`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`|
|<br>|<br> <br>`23,982,071`|<br> <br>`3,322,016`|<br> <br>`(1,671,665)`|<br> <br>`100,298`|<br> <br>`25,732,720`|
||`At1 April`|||`Revaluationof`|`|At31March`|
||`2020`|`Income`|`Expenses`|`investments`|`2021`|
||`£`|`£`|`£`|`£`|`£`|
|<br>`Unrestrictedfund`|<br>`78,052`|<br>`-`|<br>`(13,581)`|<br>`-`|<br>`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`|
|<br>|<br>`22,786,219`<br>|<br>`1,493,452`<br>|<br>`(1,468,009)`<br>|<br>`1,170,409`<br>|<br>`23,982,071`<br>|





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||`Unrestricted`|`Restricted`|`Endowment`||
|---|---|---|---|---|
||`funds`|`funds`|`funds`|`Totalfunds`|
||`£`|`£`|`£`|`£`|
|<br>`Heritageassets`|<br>`-`|<br>`665,419`|<br>`19,884,198`|<br>`20,549,617`|
|`Investments`|`-`|`4,844,455`|`-`|`4,844,455`|
|`Currentassets`|`54,602`|`450,446`|`-`|`505,048`|
|`Liabilities`|`(11,400)`|`(155,000)`|`-`|`(166,400)`|
|<br> <br>`At31March2022`|<br> <br>`43,202`|<br> <br>`5,805,320`|<br> <br>`19,884,198`|<br> <br>`25,732,720`|
||<br>`£`|<br>`£`|<br>`£`|<br>`£`|
|<br>`Heritageassets`|<br>`-`|<br>`665,419`|<br>`18,226,160`|<br>`18,891,579`|
|`Investments`|`-`|`4,729,004`|`-`|`4,729,004`|
|`Currentassets`|`76,471`|`312,017`|`-`|`388,488`|
|`Liabilities`|`(12,000)`|`(15,000)`|`-`|`(27,000)`|
|<br>`At31March2021`<br>|<br>`64,471`<br>|<br>`5,691,440`<br>|<br>`18,226,160`<br>|<br>`23,982,071`<br>|



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|||`2022`|`2021`|
|---|---|---|---|
|||`£`|`£`|
|<br>`Rothschild& CoBankInternationalLimited`|<br>`Cashandcashequivalents`|<br>`505,048`|<br>`388,488`|
|`NMRothschild& SonsLimited`|`Othercreditors`|`(30,000)`|`-`|
|||<br>`475,048`|<br>`388,488`|
|<br>`mountsrecognisedinthestatementoffinancialactivitieswereasfollows:`||||
|||`2022`|`2021`|
|||`£`|`£`|
|<br>`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`|
|<br>|<br>|<br>`3,210,309`<br>|<br>`1,386,054`<br>|





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## 

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