2021-10-31-accounts - Exbury Gardens Limited

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						31.10.21	31.10.20
				Unrestricted	Restricted	Total	Total
				fund	fund	funds	funds
			Notes
INCOME	AND ENDOWMENTS FROM
Donations	and legacies		2	576,700		576,700	772,232
Charitable	activities		4
Charitable	Activities			9336154		933,154	496,334
Generated	funds			338,043		338,043	131,065
Investment income Other income			3	69,058 ~2266		69,058 ~66	22,900
Total				1,914,749		1,914,749	1,422,531
EXPENDITURE ON
Charitable	activities
Charitable	Activities			1,547,898		1,547,898	1,315,096
Governance	costs			19,994		19,994	21,645
Bank Charges and interest				17,194		17,194	22,896
Total				1,585,086		1,585,086	1,359,637
Revaluation	gains on fixed assets			300,625		300,625
NET INCOME				630,288		6302288	62 894
RECONCILIATION		OF FUNDS
Total funds brought forward				1,625,947		1,625,947	1,563,053
TOTAL FUNDS CARRIED FORWARD				2,256,235		2,256,235	1,625,947

			31.10.21	31.10.20
		Notes
FIXEDASSETS
Tangible assets		12	1&327,540	1,215,294
Investment property		14	~1&195000	1,065,000
			2,522&540	2,280,294
CURRENT ASSETS
Stocks		15	54,478	13,844
Debtors		16	177,050	116,717
Cash at bank			~379470	31,259
			610,998	161,820
CREDITORS
Amounts falling due within	one year	17	(877,303)	(816,167)
NET CURRENT ASSETS			~266,305	~654,34&)
TOTAL ASSETSLESSCURRENT
LIABILITIES			2,256,235	1,625,947
NET ASSETS			~2256 235	~1625947
FUNDS		21
Unrestricted funds			2,256,235	1,625,947
TOTAL FUNDS			~2&256235	1,625,947

					31.10.21	31.10.20
				Notes		f
Cash llows from operating		activities
Cash generated from operations Interest paid					408,461 22,226	151,576 ~339
Net cash provided by operating activities					430,687	~154815
Cash tlows from investing		activities
Purchase oftangible fixed	assets				(81,494)	(70,488)
Sale oftangible fixed assets					287
Net cash used in investing	activities				~81 207	~70488)
Cash flows from imancing		activities
l.oau repayments in year					~1269	9,798
Net cash used in financing		activities			~1,269)	~9798)
Change in cash and cash	equivalents		in
the reporting period					348,211	74,529
Cash and cash equivalents		at the
beginning of the reporting		period			31,259	~43 70)
Cash and cash equivalents		at the end	of
the reporting period					379,470	31,259

	RECONCILIATION	RECONCILIATION	RECONCILIATION	OFNET INCOME TO NET CASH FLOW FROM	OFNET INCOME TO NET CASH FLOW FROM	OPERATING
	ACTIVITIES
						31.10.21	31.10.20
	Net income	for the reporting			period (as per the Statement ofFinancial
	Activities)					630,288	62,894
	Adjustments	for:
	Depreciation	charges				137,380	159,106
	Revaluation	gains on fixed assets				(300,625)
	Loss on disposal offixed assets					2,206
	Interest paid					(22,226)	(3,239)
	Increase in stocks					(40,634)	(7,616)
	Increase in debtors					(60,334)	(15,730)
	Increase/(decrease)		in creditors			~62 406	~43 839)
	Net cash pravided		by	operations		408,461	151,576
2.	ANALYSIS	OF CHANGES IN NET DEBT
					At 1.11.20	Cash flow	At31.10.21
	Net cash
	Cash at bank				31,259	348y21I	379,470
					31,259	~348211	~379470
	Debt
	Debts falling	due within		l year	~651 269	1,269	~650000
					~651 269	1,269	~650000)
	Total				~620 010	349,480	~270 530)

2.	DONATIONS	AND LEGACIES	AND LEGACIES	AND LEGACIES
							31.10.21	31.10.20
	Exbury Gardens	Trust					320,000	470,000
	Other donations	received					131,426	92,912
	G10aid						91,661	59,862
	Grants						33,613	149.458
							~576700	772,232
	Grants received,	included	in the above, are		as follows:
							31.10.21	31.10.20
							8
	Other grants						~33 613	149,458
3.	INVESTMENT	INCOME
							31.10.21	31.10.20
	Rents and concession fees		received				69,058	22,900
	INCOME Il'ROM CHARITABLE ACTIVITIES
							31.10.21	31.10.20
				Activity			f
	Garden entrance	fees		Charitable	Activities		875,091	444,693
	Friends ofExbury			Charitable	Activities		58,063	51,641
	Railway and buggy income			Generated	funds		210,771	113,687
	Special Events			Generated	funds		49,153	8,571
	Shop income			Generated	funds		52,464	5,235
	Sundry income			Generated	funds		25,655	3,572
							1,271,197	627,399
5.	CHARITABLE	ACTIVITIES COSTS
							Support
						Direct	costs (see
						Costs	note 6)	Totals
						6
	Charitable Activities					1,547,898		1,547,898
	Governance costs						19,994	19,994
	Bank Charges and interest						17,194	17,194
						~1547 898	~37188	~1585 086

SUPPORT COSTS
				Governance
			Management	costs	Totals
			6		6
Governance costs				19,994	19,994
Bank Charges and interest			17,194		17,194
			17,194	19,994	~37 188
NET INCOME/(EXPENDITURE)
Net income/(expenditure)	is stated after charging/(crediting).
				31.10.21	31.10.20
Depreciation —owned assets				137,380	159,106
Other operating leases				4$,$44	48,615
Deficit on disposal offixed assets Auditor's remuneration - for the audit ofthe company's		annual	accounts	2,206 ~9965

STAFFCOSTS
				31.10.21	31.10.20
				6
Wages and salaries				608,030	584,071
Social security costs				44,322	42,645
Other pension costs				11,42$	17,601
				663,780	644,317
The average monthly	number ofemployees	during	the year was as follows:
				31.10.21	31.10.20
Sales and marketing				10	8
Operations and maintenance				31	32
Administration				6	6
				47	46

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted	Restricted	Total
			fund	fund f.	fundsf
INCOME	AND ENDOWMENTS FROM
Donations	and legacies		772,232		772,232
Charitable	activities
Charitable	Activities		496,334		496,334
Generated	funds		131,065		131,065
Investment	income		22,900		22,900
Total			1,422,531		1,422,531
EXPENDITURE ON
Charitable	activities
Charitable	Activities		1,315,096		1,315,096
Governance	costs		21,645		21,645
Bank Charges and interest			22,896		22,896
Total			1,359,637		1,359,637
NET INCOME			62,894		62,894
RECONCILIATION		OFFUNDS
Total funds brought forward			1,563,053		1,563,053
TOTAL FUNDS CARRIED FORWARD			1,625,947		1,625,947

TANGIBLE FIXEDASSETS
			Plant,
			machinery,
		Leasehold	fixtures,
		buildings	fittings
	Freehold	and	and motor
	property g	improvements I	vehicles 6
COSTOR VALUATION
At I November 2020	569,375	2,240,126	335,260
Additions		40,906	40,588
Disposals Revaluations	~170625		(60,693)
At 31 October 2021	740,000	~2281 032	~315155
DEPRECIATION
At l November 2020		1,929,508	256,305
Charge for year Eliminated on disposal		88,744	21,017 ~58200)
At 31 October 2021		~2018252	~219122
NET BOOK VALUE At 31 October 2021	740,000	~262 780	~96033
At 31 October 2020	569,375	310,618	~78955
	Fixtures	Railway
	and	rolling
	fittings	stock I	Totals I,
COST ORVALUATION
At 1 November 2020	2,183,718	513,515	5,841,994
Additions			$1,494
Disposals Revaluations			(60,693) ~170625
At 31 October 2021	~2183718	513,515	~6033,420
DEPRECIATION
At 1 November 2020	2,107,174	333,713	4,626,700
Charge for year Eliminated on disposal	6,829	20,790	137880 ~58200)
At 31 October 2021	2,114,003	~354503	~4705 8$0
NET BOOKVALUE At 31 October 2021	~69 715	~159012	1,327,540
At 31 October 2020	76,544	~t79 $02	1,215 294

					Plant,
					machinery,
				Leasehold	fixtures,
				buildings	fittings
			Freehold	and	and motor
			property	improvements	vehicles
				8
Valuation	in	2021	170,625
Cost			569,375	2,281,032	315,155
			740,000	~2281 032	~315155
			Fixtures	Railway
			and	rolling
			fittings	stock	Totals
Valuation	in	2021			170,625
Cost			2&183&718	513,515	5,862,795
			~2183,718	513,515	6,033,420

14.	INVESTMENT PROPERTY	INVESTMENT PROPERTY	INVESTMENT PROPERTY
	FAIR VALUE
	At 1 November 2020					1,065,000
	Revaluation					130,000
	At 31October 2021					1,195,000
	NET BOOK VALUE
	At 31 October 2021					~II95000
	At 31 October 2020					1,065,000
	Fair value at	31October 2021 is represented		by:
	Valuation in 2021					130,000
	Cost					~1065000
						~1195000
	The investment properties		were revalued by	Savills on 31stOctober 2021.
15.	STOCKS
					31.10.21	31.10.20
	Stocks				54,478	13,844
16.	DEBTORS:	AMOUNTS	FALLING DUE	WITHIN ONE YEAR
					31.10.21	31.10.20
						6
	Trade debtors				2,877	3,757
	Amounts due	from related
	parties				4,622	36,580
	Other debtors				12,793	44,281
	VAT				101,282	8,167
	Prepayments	and accrued	income		55,476	23,932
					~177050	~116717

17.	CREDITORS: AMOUNTS FALLING	CREDITORS: AMOUNTS FALLING	CREDITORS: AMOUNTS FALLING	DUE WITHIN ONE YEAR	DUE WITHIN ONE YEAR
						31.10.21	31.10.20
						8
	Bank loans and overdrafts (see note		18)			650,000	651,269
	Trade creditors					34,694	45,731
	Social security	and other taxes				17,583	15,908
	Amounts owed	to related parties				9,867	17,851
	Other creditors					2,967
	Accruals and deferred income					162,192	85,408
						877,303	816,167
18.	LOANS
	An analysis of	the maturity ofloans	is given below:
						31.10.21	31.10.20
	Amounts falling due within one year on demand:
	Working capital loan — Rothschild		Bank			650,000	650,000
	Tea Rooms Loan						1,269
						650,000	651,269
19.	SECURED DEBTS
	The following	secured debts are included		within	creditors:
						31.10.21	31.10.20
	Bank loans					650,000	651,269

20.	ANALYSIS OF NET ASSETS	ANALYSIS OF NET ASSETS	ANALYSIS OF NET ASSETS	ANALYSIS OF NET ASSETS	BETWEEN FUNDS
							31.10.21	31.10.20
					Unrestricted	Restricted	Total	Total
					fund	fund	funds	funds
	Fixed assets				1,327,540		1,327,540	1,215,294
	Investments				1,195,000		1,195,000	1,065,000
	Current Current	assets liabilities			610,998 ~877303)		610,998 ~877 03)	161,820 ~616l6
					2,256,235		~2256 235	~1625,947
21.	MOVEMENT IN FUNDS
							Net
						At	movement	At
						1.11.20	in funds	31.10.21
								6
	Unrestricted		funds
	General	fund				1&625&947	630,288	2,256,235
	TOTAL	FUNDS				~1625947	~630 28S	~2256 235
	Net movement		in funds, included		in the above are as follows:
					Incoming	Resources	Gains and	Movement
					resources	expended	losses	in funds
					6			6
	Unrestricted		funds
	General	fund			1,914,749	(1&585,086)	300,625	630,288
	TOTAL	FUNDS			~1914749	~1585SS6)	~300625	~630 2SS
	Comparatives		for movement	in	funds
							Net
						At	movement	At
						1.11.19	in funds	31.10.20
						f		5
	Unrestricted		funds
	General	fund				1,563,053	62,894	1,625,947
	TOTAL	FUNDS				1,563,053	62,894	1,625,947

				Incoming	Resources	Movement
				resources	expended	in funds
Unrestricted		funds
General	fund			1,422,531	(1,359,637)	62,894
TOTAL	FUNDS			1422531	~I359637)	62894
A current	year	12months	and prior year 12months combined	position is as follows:
					Net
				At	movement	At
				1.11.19	in funds	31.10.21
Unrestricted		funds
General	fund			1,563,053	693,182	2,256,235
TOTAL	FUNDS			1,563 D53	693,182	2256235

			Incoming	Resources	Gains and	Movement
			resources	expended 6	losses f	in funds
Unrestricted		funds
General	fund		3,337,280	(2,944,723)	300,625	693,182
TOTAL	FUNDS		3237,28D	~2944 723)	38D 625	693,182

During the year the organisations connected	company received unrestricted d to them as follows:	onations from the directors, their	close family
		Unrestricted	Unrestricted
		2021	2020
Exbury Gardens Trust		320,000	470,000
Mr and Mrs M A P Agius (Director)		84,800	92,000
Miss C H de Rothschild	(Director)
D L de Rothschild		20,000
N D de Rothschild (Director)

close family or organisati	ons connected with them as follows:
		2021	2020
			g
Exbury House Trust		31)249	13,102
D L de Rothschild		5)289	2,201
N D de Rothschild (Director)		3)758	2,393
Exbury Estate (N D and	D Lde Rothschild)	59,820	42,921
Miss C H de Rothschild	(Director)	2,004	761
Mr and Mrs M A P Agius (Director)		2,420	1,078
Exbury Gardens Trust		60	826

During the year, expenditure was made by the Company on invoices or organisations connected with them as follows:	received from directors, the	ir close fami
	2021	2020
		f
Exbury Estate (N D and D Lde Rothschild - Directors)	113,837	105,320
D Lde Rothschild
Miss C H de Rothschild

Included within the above are service occupancy lease costs from E	xbury Estate for the following	properties:
	2021	2020
I The Bothy	12,475	11,750
2 The Bothy	10,800	10,200
2 The Crescent	9,908	9,500
Shepherds Cottage	6,600	10,800
Year end balances arising from these transactions:
	2021	2020
In debtors (note 14)
Exbury House Trust	2,179	14,436
Exbury Estate (N D and D Lde Rothschild)		9,746
D L de Rothschild	297	2,422
Mr and Mrs M A P Agius	150	36
N D de Rothschild	1,800	9,506
Exbury Garden Trust	22	352
Miss C H de Rothschild	176	79

RELATED PARTY D	ISCLOSURES - continued
Caroline de Rothschild	Soap		10
In creditors: due within	one year (note 15)
Exbury Estate (N D and	D L de Rothschild)	9,867	17,851

			31.10.21	31.10.20
			f	f
INCOME AND ENDOWMENTS
Donations and legacies
Exbury Gardens Trust			320,000	470,000
Other donations received			131,426	92,912
Gift aid			91,661	59,862
Grants			33,613	149,458
			576&700	772,232
Investment income
Rents and concession	fees received		69,058	22,900
Charitable activities
Garden entrance fees			875&091	444,693
Friends ofExbury			58,063	51,641
Railway and buggy income			210,771	113,687
Special Events			49,153	8,571
Shop income			52,464	5,235
Sundry income			25,655	3,572
			1,271,197	627,399
Other income Gain on sale oftangible fixed		assets	~2,206]
Total incoming resources			1,914,749	1,422,531
EXPENDITURE
Charitable activities
Wages			608&030	5$4,071
Social security			44,322	42,645
Pensions			11,42$	17,601
Rent and rates			48,844	48,615
Water			17,374	15,530
Light and heat			49,803	50,686
Telephone			8,963	$,724
Plants and garden costs			23,24$	15,421
Tree surgery			43,645	31,3$$
Property and railway	repairs	and maintenance	162,602	72,295
Vehicles and equipment			75,397	28,803
Special events costs			18,394	14,966
Management fees			34,68$	41,470
Other administration	expenses	(atter recharges)	60,001	44,956
Carried forward			1,206,739	1,017,171

				31.10.21I	31.10.20
Charitable activities
Brought forward				1,206&739	1,017,171
Cleaning				11,913	12,363
Security				7,110	4,707
Brochures				10,840	6,145
Travelling				4,624	3,035
Health and safety				3,805	5,501
Insurance				21,939	21,811
Depreciation on tangible		fixed assets		137&380	159,106
Advertising and publicity				58,666	56,714
Gift shop purchases Bank charges				45,462 ~39420	2,408 26 135
				1,547,898	1,315,096
Support costs
Management
Property improvement		loan interest		16,925	18,344
Bank interest payable				269	4,552
				17&194	22,896
Governance costs
Audit fees Legal and professional		fees		9,965 ~10029	14,090 7,555
				19,994	~21 645
Total resources expended				1,585,086	1,359,637
Net income before gains		and losses		329,663	62,894
Realised recognised	gains and losses
Unrealised gains on tangible			fixed assets	170,625
Unrealised gain on investment			properties	130,000
Net income				630&288	62,894