# ## ||**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|