## |||||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)| ## ## ## ## ## ## ## ## ## ## |2.|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| ## |11.|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| ##