| Page | |
|---|---|
| Trustees and professional advisers | 1 |
| Trustees'report | 2-4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notesto the financial statements | 8-13 |
| Charity number | 248663 |
|---|---|
| Trustees | W D Rothenberg |
| J D Rothenberg | |
| R M Rothenberg MBE | |
| J K Knox | |
| S D Percival | |
| Principal address | 74 Hillway |
| London | |
| N6 6DP | |
| Accountants | Blick Rothenberg Limited |
| Chartered Accountants | |
| 16 Great Queen Street | |
| Covent Garden | |
| London | |
| WC2B 5AH | |
| Independent examiner | Nick Banks FCCAACA |
| Scrutton Bland LLP | |
| Chartered Accountants | |
| Fitzroy House | |
| Crown Street | |
| Ipswich | |
| Suffolk | |
| IP1 3LG | |
| Solicitors | BDB Pitmans LLP |
| One Bartholomew Close | |
| London | |
| EC1A7BL | |
| Investment advisors | Rathbones Investment Management Limited |
| 8 Finsbury Circus | |
| London | |
| EC2M 7AZ |
| **Unrestricted ** | fund | ||
|---|---|---|---|
| 2023 | 2022 | ||
| Notes | £ | £ | |
| Income from: | |||
| Investment income | 2 | 45,224.06 | 39,382.28 |
| Total | 45,224.06 | 39,382.28 | |
| Expenditure | |||
| Investment managementfees | (12,022.91) | (13,799.22) | |
| Charitable activities | 3 | (34,999.20) | (139,365.40) |
| Total | (47,022.11) | (153,164.62) | |
| Net expenditure | (1,798.05) | (113,782.34) | |
| Losses on investments | (113,039.00) | (41,582.82) | |
| Net movement in funds | (114,837.05) | (155,365.16) | |
| Reconciliation of funds | |||
| Fund balances brought forward | 1,845,305.10 | 2,000,670.26 | |
| Fund balances carried forward | 1,730,468.05 | 1,845,305.10 |
| UK | Overseas | Total | Total | |
|---|---|---|---|---|
| 2023 | 2023 | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Income from stocks and securities | 34,453.19 | 9,979.55 | 44,432.74 | 39,377.98 |
| Interest receivable | 791.32 | - | 791.32 | 4.30 |
| 35,244.51 | 9,979.55 | 45,224.06 | 39,382.28 | |
| Income from stocks and securities - 2022 | 31,120.21 | 8,262.07 | 39,382.28 |
THE ROTHENBERG CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 7 JUNE 2023
| 3 Charitable activities Analysis of charitable activities Grants (3.1) Goverance costs (3.2) 3.1 Grants payable Grants during the year comprise: British Youth Opera DEC Ukraine Appeal Garsington Opera Limited Glyndebourne Productions Limited Hampstead Theatre Limited London Symphony Orchestra |
Total 2023 £ 27,750.00 7,249.20 34,999.20 Total 2023 £ 7,500.00 5,750.00 11,500.00 3,000.00 Total 2022 £ 132,000.00 7,365.40 139,365.40 Total 2022 £ 10,000.00 105,500.00 11,500.00 5,000.00 27,750.00 132,000.00 |
|---|---|
- 10 -
| Governance | Charitable | Total | Total | |
|---|---|---|---|---|
| costs | activities | |||
| Cost type | ||||
| 2023 | 2023 | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Accountancy fees | 6,360.00 | - | 6,360.00 | 6,000.00 |
| Underprovision of accountancy fees in | ||||
| prior year | 120.00 | - | 120.00 | 660.00 |
| Bank charges | 61.20 | - | 61.20 | 27.40 |
| Independent Examination fees | 708.00 | - | 708.00 | 660.00 |
| Overprovision of Independent | ||||
| Examination fees | " | “ | • | 18.00 |
| 7,249.20 | 7,249.20 | 7,365.40 | ||
| ===== | — | =i^^= | ===== |
| Fixed asset investments | ||||
|---|---|---|---|---|
| Listed | ||||
| investments | Cash | Total | Total | |
| 2023 | 2023 | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Market Value at 8 June 2022 | 1,761,379.58 | 20,922.06 | 1,782,301.64 | 1,936,356.50 |
| Additions | 639,612.94 | - | 639,612.94 | 354,742.60 |
| Disposals | (635,116.25) | - | (635,116.25) | (412,658.20) |
| Cash movements | - | (16,397.07) | (16,397.07) | (54,556.44) |
| (Loss)/gain on investments | (113,039.00) | - | (113,039.00) | (41,582.82) |
| Market Value at 7 June 2023 | 1,652,837.27 | 4,524.99 | 1,657,362.26 | 1,782,301.64 |
| Historical cost of investments at 7 June 2023 | 1,540,683.00 | 1,590,224.00 |
| UK | Overseas | Total | Total | |
|---|---|---|---|---|
| 2023 | 2023 | 2023 | 2022 | |
| Investments held are analysed as follows: | £ | £ | £ | £ |
| Equities | 487,013.00 | 238,196.00 | 725,209.00 | 729,611.00 |
| Fixed interest | 287,462.27 | - | 287,462.27 | 145,515.58 |
| Unit trusts | 133,761.00 | 16,566.00 | 150.327.00 | 259,242.00 |
| Investment trusts | 107,376.00 | - | 107,376.00 | 200,160.00 |
| Property funds | 73,182.00 | - | 73,182.00 | 109,958.00 |
| Infrastructure funds | 79,986.00 | - | 79,986.00 | 114,887.00 |
| Private equity | - | - | - | 36,667.00 |
| Alternative investments | 164,110.00 | - | 164,110.00 | 119,409.00 |
| Exchange traded funds | - | 65,185.00 | 65,185.00 | 45,930.00 |
| Cash deposit | 4,524.99 | - | 4,524.99 | 20,922.06 |
| 1,337,415.26 | 319,947.00 | 1,657,362.26 | 1,782,301.64 |
| **7 ** | Debtors: amounts falling due within one year | ||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| Accrued income receivable | 654.72 | 13.42 | |
| **8 ** | Creditors: amounts falling due within one year | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Blick Rothenberg Limited | 6,360.00 | 6,000.00 | |
| Scrutton Bland LLP | 708.00 | 660.00 | |
| 7,068.00 | 6,660.00 |
| Movement in funds | Opening | Incoming | Resources | Net gains / | Closing |
|---|---|---|---|---|---|
| funds | resources | expended | (losses) on | funds | |
| investments | |||||
| 2023 | 2023 | 2023 | 2023 | 2023 | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | 1,845,305.10 | 45,224.06 | **(47,022.11) ** | **(113,039.00) ** | 1,730,468.05 |
| 2022 | 2022 | 2022 | 2022 | 2022 | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds - 2022 | 2,000,670.26 | 39,382.28 | (153,164.62) | (41,582.82) | 1,845,305.10 |
| Analysis of net assets between funds | ||
|---|---|---|
| Total | Total | |
| 2023 | 2022 | |
| £ | £ | |
| Fund balances at 7 June 2023 are represented by: | ||
| Investments | 1,657,362.26 | 1,782,301.64 |
| Current assets | 80,173.79 | 69,663.46 |
| Current liabilities | (7,068.00) | (6,660.00) |
| 1,730,468.05 | 1,845,305.10 |