2020-10-31-accounts - Exbury Gardens Limited

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				Page
Report ofthe Directors			1	to	7
Report ofthe Independent Auditors			0	to	9
Statement ofFinancial	Activities			10
Balance Sheet
Cash Flow Statement				12
Notes to the Cash Flow Statement
Notes to the Financial	Statements		14	to	25
Detailed Statement ofFinancial		Activities	26	to	27

							31.10.20	31.10.19
					Unrestricted	Restricted	Total	Total
					fund	fund	funds	funds
				Notes		f.
INCOME	AND ENDOWMENTS		FROM
Donations	and legacies			2	772,232		772,232	508,042
Charitable	activities
Charitable	Activities				496&335		496,335	679,441
(ienerated	funds				131,064		131,064	281,003
Investment	income			3	22,900		22,900	50,928
Total					1,422,531		1,422)531	1.519,414
EXPENDITURE ON
Charitable	activities
Charitable	Activities				1,288,961		1,288,961	1,421,145
Governance	costs				21,645		21)645	24,347
Bank Charges and interest					49,031		49)031	44,098
Total					1,359,637		1,359,637	1,489,590
NET INCOME					62,894		62,894	29,824
RECONCILIATION		OF FUNDS
Total funds brought		forward			1,563,053		1,563,053	1,533,229
TOTAL FUNDS CARRIED FORWARD					1,625,947	—	1,625,947	1,563,053

			31.10.20	31 lb.19
		Notes
FIXEDASSETS
Tangible assets		ll	1,215,294	1,303,912
investment property		13	I &065,000	1,065,000
			2,280,294	2,368,912
CURRENT ASSETS
Stocks		14	13,844	6,228
Debtors		15	116,717	100,987
Cash at bank			31,259	(43,270)
			161,820	63.945
CREDITORS
Amounts falling	due within onc year	16	(816,167)	(869,804)
NET CURRENT ASSETS			(654,347)	(805,859)
TOTAL ASSETSLESSCURRENT
LIABILITIES			1,625,947	1,563,053
NET ASSETS			1,625,947	1,563,053
FUNDS		20
Unrestricted lunds			1,625,947	1,563,053
TOTAL FUNDS			1,625,947	1,563,053

				31.10.20	31.10.19
			Notes		f
Cash flows from operating		activities
Cash generated from operations				203,846	231,946
Interest paid				(49,031)	(44,098)
Net cash provided by operating activities				154,815	187,848
Cash flows from investing		activities
Purchase oftangible fixed	assets			(70,488)	(96,471)
Net cash used in investing	activities			(70,488)	(96,471)
Cash flows from financing		activities
Loan repayments in year				(9,798)	(20,115)
Net cash provided by/(used		in) linancing	activities	~9,798)	(20,115)
Change in cash and cash	equivalents		in
the reporting period				74,529	71,262
Cash and cash equivalents		at the
beginning ofthe reporting		period		~43,270)	(114,532)
Cash and cash equivalents		at the end	of
the reporting period				31,259	(43,270)

RECONCILIATIO ACTIVITIES	N OF NE	T INCOME TO NET CASH FLOW FROM	OPERATING
			31.10.20	31.10.19
Net income for the	reporting	period (as per tlie Statement ofFinancial
Activities)			62&894	29,824
Adjustments for:
Depreciation charges			159,106	159,217
Interest paid			49,031	44,098
Increase in stocks			(7,616)	(6,228)
Decrease/(increase)	in debtors		15,730	(43,534)
(Dccrcasc)/incrcasc	in creditors		(43,839)	48,569
Net cash provided	by operations		~203846	23 1,946

ANALYSIS	OF CHAN	GES IN NET DEBT
			At 1.11.19	Cash t)ow	At 31.10.20
Net cash
Cash at bank			(43,270)	74,529	31,259
			~43,270)	74,529	31,259
Debt
Debts falling	due within	I year	(661,067)	9,798	(651,269)
			(661,067)	9,798	(651,269)
Total			~704337)	~84 327	~620010)

DONATIONS	AND	AND	LEGACIES	LEGACIES
						31.10.20	31.10.19
Fxbury Gm dens	Trust					470,000	400,001
Other donations	received					92,912	66,881
Gift aid						59,862	41,160
Grants						149,458
						772 232	508,042
Grants received,	mcluded			in the above, are	as follows:
						31.10.20	31.10.19
						f	f
Government grants		—central government				114,458
Government grants		—local		government		35,000
INVESTMENT	INCOME
						31.10.20	31.10.19
Rents and concession			fees	received		22,900	50,928
INCOME FROM		CHARITABLE ACTIVITIES
						31.10.20	31.10.19
				Activity
Garden entrance	fees			Charitable	Activities	444,693	593,094
Friends ofExbury				Charitable	Activilies	51,641	86,347
Railway and buggy		income Generated			funds	113,687	166,884
Special Events				Generated	funds	8,571	84,735
Shop income				Generated	funds	5,235	26,055
Sundry income				Generated	funds	3,572	3,329
						627,399	960,444

5.	CHARITABLE ACTI	VITIES COSTS
					Support
				Direct	costs (see
				Costs	note 6)	Totals
	Charitable Activities			1,288,961		1,288,961
	Governance costs				21,645	21,645
	Bank (.'harges and interest				49,031	49,031
				1,288,961	70,676	1,359,637
6.	SUPPORT COSTS
					Govcrnancc
				Management	costs	Totals
					f
	Governance costs				21,645	21,645
	Bank Charges and intm	est		49,031		49,031
				49,031	21,645	70,676
7.	NET INCOME/(EXPENDITURE)
	Net income/(expcnditurc)	is stated alter charging/(crediting):
					31.10.20	31.10.19
	Dcprcci ation - owned assets				159,106	159,217
	Other operating leases				48,615	56,222
	Auditor's remuneration	- for the audit ofthe company's	annual	accounts	10,500	9,800
	Operating lease costs:	Land and buildings			43,168	42,517

STAFF COSTS
			31.10.20	31.10.19
				f.
Wages and salaries			584,071	544,216
Social security costs			42,645	34,592
Other pension costs			17,601	12,109
			644,317	~590917
The average monthly	number ofemployees	during the year was as follows;
			31.10.20	31.10.19
Sales and marketing				8
Operations and maintenance			32	27
Administration			6	5
			46	40

No employ	e	es received emoluments	in exce	ss off60	,000	for 2	020 o	r 2019,	r 2019,
A number		of the staff employed	during	the year	are	under	part	tirnc contracts.		The	full	time	equivalent
positions	during the year ended 31st October 2020				were as		follows:		Sales and	marketmg		5, operations and
maintenance		15 and administration	3.
COMPARATIVES FOR THE STATEMENT OF					FINANCIAL			ACTIVITIES
								Unrestricted		Restricted			Total
									fund	fund			funds
										f.			f
INCOME		AND ENDOWMENTS	FROM
Donations		and legacies							508,042				508,042
Charitable		activities
Charitable		Activities							679,441				679,441
Generated		funds							281,003				281,003
Investment		income							50,928				50,928
Total								1,519.414					1,519,414
EXPENDITURE ON
Charitable		activities
Charitable		Activities						1,421,145					1,421, 145
Governance		costs							24,347				24,347
Bank Charges and interest									44,098				44,098
Total								1,489,590					1,489,590
NET INCOME									29,824				29,824

10.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
			Unrestricted	Restricted	Total
			fund f	t'und f	fundsf
	RECONCILIATION	OF FUNDS
	Total funds brought	forward	1,533,229		1,533,229
	TOTAL FUNDS CARRIED FORWARD		1,563,053	-	1,563,053
11.	TANGIBLE FIXED	ASSETS
					Plant,
					machinery.
				Leasehold	ftxtures,
				buildings	fttttlt gs
			Freehold	and	slid motor
			property f	improvements f.	vehicles
	COST
	At 1 November 2019		569,375	2,199,706	305,192
	Additions			40,420	30,068
	At 31 October 2020		569,375	2,240,126	335,260
	DEPRECIATION
	At 1 November 2019			1,816,617	237,710
	Charge for year			112,891	18,595
	At 31 October 2020			1,929,508	256,305
	NET BOOK VALUE
	A131 October2020		~569375	~310618	~78 955
	At 31 October 2019		569,375	383,089	67,482

TANGIBI. K FIXEDASSETS - continued
	Fixtures	Railway
	and	rolling
	fittings	stock	1'otals
	f
COST
At I November 2019	2,183,718	513,515	5)771,506
Additions			70,488
At 31 October 2020	2,183,718	513,515	5,841,994
DEPRECIATION
At I November 2019 Chm ge for year	2,100,344 6,830	312,923 20,790	4,467,594 ~159106
At 31 October 2020	2,107,174	~333713	4,626,700
NET BOOK VALUE
At 31 October 2020	76,544	179,802	1,215,294
At 31 October 2019	83,374	200,592	1,303,912

14.	STOCKS
								31.10.20	31.10 19
	Stocks							13,844	6,228
15.	DEBTORS:	AMOUNTS			FALLING DUE WITHIN ONE YEAR
								31.10.20	31.10.19
	Trade debtors							3,757	20,185
	Amounts due	from related
	parties							36,580	26,685
	Other debtors							44,281	23,286
	VA I'							8,167	8,432
	Prepayments	and accrued			income			23,932	22,399
								116,717	100,987
16.	CREDITORS:		AMOUNTS			FALLING DUE WITHIN ONE YEAR
								31.10.20	31.10.19
									f
	Bank loans and		overdrafts		(see note		171	651,269	661,067
	Trade creditors							45,731	49,203
	Social security		and other taxes					15,908	32,805
	Amounts owed		to rclatcd		parties			17,851	14,522
	Accruals and	deferred		income				85,408	112,207
								816,167	869,804
17.	LOANS
	An analysis ofthe maturity				ofloans		is given belotv:
								31.10.20	31.10.19
	Amounts falling		due within one year				on demand.
	Working capital		loan	— Rothschild			Beni	650,000	650,000
	Tea Rooms Loan							1,269	11,067
								651,269	661,067

19.	ANALY	SIS	O	F NKT	ASSETS	BETWEEN FUNDS
								31.10.20	31.10.19
						Unrestricted	Rcstrictcd	Total	Iotal
						fund f	fundf	lunds	funds
	Fixed assets					1,215,294		1,215,294	1,303,912
	Investments					1,065,000		1,065,000	1,065,000
	( Urrellt	assets				161,820		161,820	63,945
	(.'urrent	liabilities				(816,167)		(816,167)	(869,804)
						1,625,947		1,625,947	1,563,053
20.	MOVEMKNT			IN FUNDS
								Net
							At	movement	At
							1.11.19	in funds	31.10.20
								f
	Unrestricted		funds
	General	fund					1,563,053	62,894	1,625,947
	TOTAL	FUNDS					1,563,053	623)94	1,625,947
	Net movctncnt			in lunds,	included	in the above are as I'ollows:
							Incoming	Resources	Movement
							resources f	expcndcd f	in funds
	Unrestricted		funds
	General	fund					1,422,531	(1,359,637)	62,894
	TOTAL	FUNDS					I)422,531	(1,359,637)	62,894

				Nel.
			At	movemcnt	At
			1.11.18	in funds	31.10.19
			f.	f'
Unrestricted		funds
General	fund		1,533,229	29,824	1,563,053
TOTAL	FUNDS		1,533,229	29,824	1,563,033

			Incoming	Resources	Movement
			resources f	expended	in funds f
Unrestricted		funds
Cieneral	fund		1,519,414	(1,489,590)	29,824
TOTAL	FUNDS		1319.414	(1.489.590)	29.824

				Net
			At	movement	At
			1.11.18	in funds	31.10.20
			f	f
Unrestricted		funds
General	lund		1,533,229	92,718	1,625,947
TOTAL	FUNDS		1,533,229	92,718	I,Ci25,947

			Incoming	Resources	Movement
			I'CSOUI CCS f	expended f.	in funds
Unrestricted		funds
General	tund		2,941,945	(2,849,227)	92,718
TOTAL	FUNDS		2,941,945	(2,849,227)	92,718

		Unrestricted	Unrestricted
		2020	2019
		f	f
Fxbury Gardens Trust		470,000	400,000
Mr and Mrs M A	P Agius (Director)	92,000	43,000
Miss C H de Rothschild (Director)			10,000
DI.de Rothschild	(Director)		5,915
N D de Rothschild	(Director)		5,915

		2020	2019
Iixbury	Ilouse 'I rust	13,102	6,975
DI.de	Rothschild (Director)	2,201	5,068
N D de	Rothschild (Director)	2,393	2,931
Exbury	Estate (N D and D L de Rothschild - Directors)	42,921	36,508
Miss C	H de Rothschild (Director)	761	2,289
Mr and	Mrs M A P Agius	1,078	1,717
Fxbury	Gardens Trust	826	56

			2020	2019
Fxbury L'state (N	D and D L de Rothschild	- Directors)	105,320	78,918
D L de Rothschild	(Director)			312
Miss C H de Rothschild				96

	2020	2019
	f
I The Bothy	11,750	11,521
2 The Bothy	10,200	8,300
2 The Crescent	9,500	9,500
Blacl lands Farmhouse		12,480
Shepherds Cottage	10,800

RELATED PARTY DIS	RELATED PARTY DIS	CLOSURES - continued
Year end balances arising		(iom these transactions;
			2020	2019
In debtors (note 14)
Exbury House Trust			14,436	3,397
Exbury Estate (N D and	D I.de Rothschild)		9,746	5,596
D L de Rothschild			2,422	4,820
Mr and Mrs M A P Agius			36	879
N D de Rothschild			9,506	6,690
Exbury Garden Trust			352	18
Miss C I I de Rothschild			79	35
Caroline de Rothschild	Soap		10	10
In creditors: due within	one year (note 15)
Exbury Estate			17,851	14,522