2020-10-31-accounts

Trustees
DLde Rothschild
Baroness K		de Koenigswarter
RJHowell
Lord Dalmeny
SJL Linnett
LJde Rothschild
M Aspey
Independent			Examiner
JA Burnett
ACA CTA
Martin and	Company
25 St Thomas			Street
Winchester
Hampshire
SO23 9HJ
Bankers
HSBC Bank		Pic
17The Marsh
Hythe
Southampton
SO45 6ZB
Investment		Manager
Rothschild	Wealth Management			(UK) Limited
New Court
St Swithin's		Lane
London
EC4N SAL

			31.10.20	31.10.19
			Unrestricted	Total
			funds	funds
		Notes
INCOME AND ENDOWMENTS FROM
investment income			182,9$5	240,400
EXPENDITURE ON
Raising funds			57,335	31,359
Charitable activities
Charitable Activities			478,926	405,365
Governance costs				5,016
Total			536,261	441,740
Net gains on investments			172,292	363,421
NET INCOME/(EXPENDITURE)			(I$0,984)	162,081
RECONCILIATION	OF FUNDS
Total funds brought	forward		9,305,533	9,143,452
TOTAL FUNDS CARRIED FORWARD			9,124,549	9,305,533

		31.]0.20	31.10.19
		Unrestricted	Total
		funds	funds
	Notes
FIXEDASSETS
Tangible assets	9	1,950,000	1,950,000
investments	10	7,029,082	7,096,852
		8,979,082	9,046,852
CURRENT ASSETS
Debtors			660
Cash at bank and in hand		164,124	267,425
		164,124	268,085
CREDITORS
Amounts falling due within one year	12	(18,657)	(9,404)
NET CURRENT ASSETS		145,467	258,681
TOTAL ASSETSLESSCURRENT
LIABILITIES		9,124,549	9,305,533
NET ASSETS		9,124,549	9,305,533
FUNDS	13
Unrestricted funds		9,124,549	9,305,533
TOTAL, FUNDS		9,124,549	9,305,533

							31.10.20	31.10.19
Rents received							21,1SS	23,640
Investment		portfolio					161,797	216,760
							182,985	240,400
RAISING		FUNDS
Investment		management		costs
							31.10.20	31.10.19
							f	f
Portfolio	management		fee				26,303	24,173
Property	management		fee				3,239	4,235
Property	repairs and		ma'intenance				27,793	2,951
							57,335	31,359
CHARITABLE ACTIVITIES COSTS
					Gent
					funding	ot
					activities		Support
					(see note		costs (see
					5) f.		nom 6) f	Totals f
Charitable		Activities			470,000		8,926	478,926

5.	GRANTS	PAYABLE	PAYABLE	PAYABLE
								31.10.20	31.10.19
								f
	Charitable	Activities						470,000	400,DDD
	The total grants			paid to	institutions	during the year was as follows:
								31.10.20	31.10.19
									f
	Exbury Gardens			Limited				470,000	4DD,DDD
6.	SUPPORT		COSTS
								Governanr:e
							Management	costs	Totals
	Charitable	Activities					5,320	3,606	0,926
	Support costs, included				in the above, are as follows:
	Management
								31.10.20	31.10.19
								Charitable	Total
								Activities	activities
								f	f
	Insurance							1,726	1,132
	Sundries							2,081	1,130
	Management		fee					1,513	3,103
								5420	5,365
	Governance		costs
								31.10.20	31.10.19
								Charitable	Total
								Activities	activities
	Independent		examiner's		fees			4,326	3,576
	Legal fees							(720)	1,440
								3,606	5,016

		Freehold
		property
COST
At	I November 2019and 31 October 2020	1,950,000
NET BOOK VALUE
At	31 October 2020	1,950,000
At	31 October 2019	1,950,000

FIXEDASSET INVESTMENTS
	Listed	Unlisted
	investments	investments	Totals
	6
MARKET VALUE
At 1 November 2019	7,093,171	3,681	7,096,852
Additions	1,425,114		1,425,114
Disposals	(1,560,429)		(1,560,429)
Revaluations	67,545		67,545
At 31 October 2020	7,025,401	3,681	7,029,082
NET BOOK VALUE
At 31 October 2020	7,025,401	3,681	7,029,082
At 31 October 2019	7,093,171	3,681	7,096,852

11.	DEBTORS:	AMOUNTS FALLING DUE	AMOUNTS FALLING DUE	AMOUNTS FALLING DUE	AMOUNTS FALLING DUE	AMOUNTS FALLING DUE	WITHIN ONE YEAR	WITHIN ONE YEAR
										31.10.20	31.10.19
	Prepayments	and accrued income									660
12.	CREDITORS& AMOUNTS				FALLING DUE WITHIN ONE YEAR
										31.10.20	31.10.19
	Trade creditors									14,250	2,407
	Other creditors									1,407	3,997
	Accruals and	deferred		income						3,000	3,000
										18,657	9,404
13.	MOVEMENT		IN FUNDS
										Net
									At	movement	At
									1.11.19	in funds	31.10.20
	Unrestricted	funds
	General fund							9,305,533		(180,984)	9,124,549
	TOTAL FUNDS							9,305,533		(180,984)	9,124,549
	Net movement		in funds, included			in the above are as follows:
							Incoming	Resources		Gains and	Movement
							resources	expended		losses	in funds
	Unrestricted	funds
	General fund						182,985	(536,261)		172&292	(180,984)
	TOTAL FUNDS						182&985	(536461)		172,292	(180,984)
	Comparatives		for movement		in	funds
										Net
									At	movement	At
									1.11.18	in funds	31.10.19
	Unrestricted	funds
	General fund							9,143,452		162,081	9,305,533
	TOTAL FUNDS							9,143,452		162,081	9,305,533

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
Unrestricted		funds
General	fund		240,400	(441,740)	363,421	162,081
TOTAL	FUNDS		240,400	(441,740)	363,421	162,081

					31.10.20	31.10.19
INCOME AND ENDOWMENTS
Investment income
Rents received					21,188	23,640
Investment portfolio					161,797	216,760
					182,985	240,400
Total incoming resources					182,985	240,400
EXPENDITURE
Investment management			costs
Portfolio management	fee				26,303	24,173
Property management	fee				3,239	4,235
Property repairs and maintenance					27,793	2,951
					57,335	31,359
Charitable activities
Exbury Gardens Limited					470,000	400,000
Support costs
Management
Insurance					1,726	1,132
Sundries					2,081	1,130
Manageinent fee					1,513	3,103
					5,320	5,365
Governance costs
Independent examiner's		fees			4,326	3,576
Legal fees					(720)	1,440
					3,606	5,016
Total resources expended					536,261	441,740
Net expenditure before gains and losses					(353,276)	(201,340)
Realised recognised	gains		and losses
Net realised and unrealised			gains/(losses)	on
fixed asset investments					205,252	363,078
Foreign exchange gain/(loss)					(32,960)	343
Net (expenditure)/income					(180,984)	162,081