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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<br>income<br>Other income|||3|69,058<br>~2266||69,058<br>~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<br>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<br>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<br>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<br>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<br>from operations<br>Interest paid|||||408,461<br>22,226|151,576<br>~339|
|Net cash provided<br>by operating<br>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<br>in year|||||~1269|9,798|
|Net cash used in financing||activities|||~1,269)|~9798)|
|Change in cash and cash|equivalents||in||||
|the reporting<br>period|||||348,211|74,529|
|Cash and cash equivalents||at the|||||
|beginning<br>of the reporting||period|||31,259|~43<br>70)|
|Cash and cash equivalents||at the end|of||||
|the reporting<br>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<br>Activities|||||1,547,898||1,547,898|
||Governance<br>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<br>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<br>—owned assets|||||137,380|159,106|
|Other operating<br>leases|||||4$,$44|48,615|
|Deficit on disposal offixed assets<br>Auditor's<br>remuneration<br>- for the audit ofthe company's|||annual|accounts|2,206<br>~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<br>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<br>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<br>g|improvements<br>I|vehicles<br>6|
|COSTOR VALUATION||||
|At I November<br>2020|569,375|2,240,126|335,260|
|Additions||40,906|40,588|
|Disposals<br>Revaluations|~170625||(60,693)|
|At 31 October 2021|740,000|~2281 032|~315155|
|DEPRECIATION||||
|At l November<br>2020||1,929,508|256,305|
|Charge for year<br>Eliminated<br>on disposal||88,744|21,017<br>~58200)|
|At 31 October 2021||~2018252|~219122|
|NET BOOK VALUE<br>At 31 October 2021|740,000|~262 780|~96033|
|At 31 October 2020|569,375|310,618|~78955|
||Fixtures|Railway||
||and|rolling||
||fittings|stock<br>I|Totals<br>I,|
|COST ORVALUATION||||
|At 1 November<br>2020|2,183,718|513,515|5,841,994|
|Additions|||$1,494|
|Disposals<br>Revaluations|||(60,693)<br>~170625|
|At 31 October 2021|~2183718|513,515|~6033,420|
|DEPRECIATION||||
|At 1 November<br>2020|2,107,174|333,713|4,626,700|
|Charge for year<br>Eliminated<br>on disposal|6,829|20,790|137880<br>~58200)|
|At 31 October 2021|2,114,003|~354503|~4705 8$0|
|NET BOOKVALUE<br>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<br>in 2021|||||130,000|
||Cost|||||~1065000|
|||||||~1195000|
||The investment<br>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<br>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<br>(see note||18)|||650,000|651,269|
||Trade creditors|||||34,694|45,731|
||Social security|and other taxes||||17,583|15,908|
||Amounts<br>owed|to related<br>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<br>falling due within one year on demand:|||||||
||Working capital loan<br>— 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 <br>Current|assets<br> liabilities|||610,998<br>~877303)||610,998<br>~877 03)|161,820<br>~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<br>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<br>6|losses<br>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<br>the<br>year<br>the<br><br>organisations<br>connected|company<br>received<br>unrestricted<br>d<br> to them as follows:|onations<br>from<br>the<br>directors,<br>their|close<br>family|
|---|---|---|---|
|||Unrestricted|Unrestricted|
|||2021|2020|
|Exbury Gardens<br>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<br>(Director)||||





## 

|close family or organisati|ons<br>connected<br>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<br>(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<br>was made by the Company<br>on invoices <br>or organisations<br>connected<br>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<br>within<br>the above are service occupancy<br>lease costs from E|xbury Estate for the following<br>|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<br>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<br>and legacies|||||
|Exbury Gardens Trust|||320,000|470,000|
|Other donations<br>received|||131,426|92,912|
|Gift aid|||91,661|59,862|
|Grants|||33,613|149,458|
||||576&700|772,232|
|Investment<br>income|||||
|Rents and concession|fees received||69,058|22,900|
|Charitable<br>activities|||||
|Garden<br>entrance fees|||875&091|444,693|
|Friends ofExbury|||58,063|51,641|
|Railway<br>and buggy income|||210,771|113,687|
|Special Events|||49,153|8,571|
|Shop income|||52,464|5,235|
|Sundry<br>income|||25,655|3,572|
||||1,271,197|627,399|
|Other income<br>Gain on sale oftangible fixed||assets|~2,206]||
|Total incoming<br>resources|||1,914,749|1,422,531|
|EXPENDITURE|||||
|Charitable<br>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<br>and railway|repairs|and maintenance|162,602|72,295|
|Vehicles and equipment|||75,397|28,803|
|Special events costs|||18,394|14,966|
|Management<br>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<br>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<br>on tangible||fixed assets||137&380|159,106|
|Advertising<br>and publicity||||58,666|56,714|
|Gift shop purchases<br>Bank charges||||45,462<br>~39420|2,408<br>26 135|
|||||1,547,898|1,315,096|
|Support costs||||||
|Management||||||
|Property<br>improvement||loan interest||16,925|18,344|
|Bank interest payable||||269|4,552|
|||||17&194|22,896|
|Governance<br>costs||||||
|Audit fees<br>Legal and professional||fees||9,965<br>~10029|14,090<br>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<br>gains on tangible|||fixed assets|170,625||
|Unrealised<br>gain on investment|||properties|130,000||
|Net income||||630&288|62,894|