2022-10-31-accounts - Exbury Gardens Limited

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							31.10.22	31.10.21
					Unrestricted	Restricted	Total	Total
					fund	fund	funds	funds
				Notes
INCOME	AND ENDOWMENTS		FROM
Donations	and legacies				346,348		346,348	576,700
Charitable	activities
Charitable	Activities				1,009,511		1)009,51I	933,154
Generated	funds				328,312		328,312	338,043
Investment income Other income					81,530 ~2,162)		81,530 12,162)	69,058 ~2,206)
Total					1,763,539		1,763)539	1,914,749
EXPENDITURE ON
Charitable	activities			5
Charitable	Activities				1,637,708		1,637,708	1,547,898
Governance	costs				30,309		30,309	19,994
Bank Charges and interest					23,174		23,174	17,194
Total					1,691,191		1,691,191	1,585,086
Net gains on investments								300,625
NET INCOME					72,348		72,348	630,288
RECONCILIATION		OF FUNDS
Total funds	brought forward				2,256,235		2,256,235	1,625,947
TOTAL FUNDS CARRIED FORWARD					2,328,583	-	2,328,583	2,256,235

		31.10.22	31.10.21
	Notes
FIXEDASSETS
Tangible assets	12	1,333,586	1,327,540
Investment property	14	1,195,000	1,195,000
		2,528,586	2,522,540
CURRENT ASSETS
Stocks	15	38,587	54,478
Debtors	16	204,741	177,050
Cash at bank and in hand		513,870	379,470
		757,19$	610,998
CREDITORS
Amounts falling due within one year	17	(9571201)	(877,303)
NET CURRENT ASSETS		~200003)	~266,305)
TOTAL ASSETSLESSCURRENT
LIABILITIES		2,328,583	2,256,235
NET ASSETS		2 28,583	2.256,235
FUNDS	21
Unrestricted funds		2428,583	2,256,235
TOTAL FUNDS		2,328,583	2,256,235

					31.10.22	31.10.21
				Notes	8
Cash flows from operating		activities
Cash generated fium operations					409,352	447,881
interest paid					~23&t74)	~)7,194)
Net cash provided by operating activities					386,178	430,687
Cash flows from investing		activities
Purchase oftangible fixed	assets				(260,341)	(81,494)
Saleoftangible fixed assets					4,250	287
interest received					4,313
Net cash used in investing	activities				(251,778)	(81/207)
Cash flows from financing		activities
Loan repayments in year						(1,209)
Net cash provided by/(used		in) financing		activities		~(,2(&9)
Change in cash and cash	equivalents		in
the reporting period					134,400	348,211
Cash and cash equivalents		at the
beginning ofthe reporting		period			379,470	31,259
Cash and cash equivalents		at the end	of
the reporting period					513&870	379,470

RECONCILIATION	RECONCILIATION	OF NKT INCOME TO NET CASH FLOW FROM	OF NKT INCOME TO NET CASH FLOW FROM	OPERATING ACTIVITIES	OPERATING ACTIVITIES
				31.10.22	31.10.21
Net income for the	reporting		period (as per the Statement ofFinancial
Activities)				72,348	630,288
Adjustments for:
Depreciation charges				184,183	137,380
Losses on investments					(300,625)
Loss on disposal of	fixed assets			2,162	2,206
Interest received				(4,313)
Interest paid				23,174	17,194
Decrease/(increase)	in	stocks		15,891	(40,634)
Decrease/(increase)	in	debtors		36,009	(60,334)
Increase in creditors				79,898	62,406
Net cash provided	by	operations		409,352	447,881

ANALYSIS OF CHAN	GES IN NET DEBT
		At 1.11.21	Cash flow	At 31.10.22
Net cash
Cash at bank and in hand		379,470	134&400	513,870
		~379470	~134400	513,870
Debt
Debts falling due within	1 year	(650,000)		(650,0000)
		(650.000)		(650,080)
Total		(270530)	134,400	(136J30)

						31.10.22	31.10.21
						8
Exbury	Gardens	Trust				200,000	320,000
Other donations		received				75,088	131,426
Gift aid						67,260	91,661
Grants						4,000	33,613
						346,348	576,700
Grants received,		included	in the above, are		as follows:
						31.10.22	31.10.21
Other grants						4,000	33,613
INVESTMENT		INCOME
						31.1022	31.10.21
Rents and concession fees			received			77,217	69,058
Deposit	account	interest				336
Interest	from related parties					3,977
						~81 530	69,058
INCOME FROM CHARITABLE ACTIVITIES
						31.10.22	31.10.21
				Activity
Garden	entrance	fees		Charitable	Activities	819,558	875,091
Friends	ofExbury			Charitable	Activities	189,953	58,063
Railway	and buggy income			Generated	funds	185,759	210,771
Special	Events			Generated	funds	65,371	49,153
Shop income				Generated	funds	37,055	52,464
Sundry	income			Generated	funds	40,127	25,655
						1,337,823	1,271,197

5.	CHARITABLE ACTI	VITIES COSTS
					Support
				Direct	costs (see
				Costs	note 6)	Totals
				g
	Charitable Activities			1,614,538	23,170	1,637,708
	Governance costs Bank Charges and interest			23,170	30,309 4	30,309 ~23 174
				1,637,708	53,483	1,691,191
6.	SUPPORT COSTS
					Governance
				Management	costs	Totals
					6
	Charitable Activities			23,170		23,170
	Governance costs				30,309	30,309
	Bank Charges and interest					4
				23,174	30,309	53,483
7.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)	is stated after charging/(crediting):
					31.10.22	31.10.21
					8	6
	Depreciation - owned assets				184,183	137,380
	Other operating leases				52,809	48,844
	Deficit on disposal oftixed assets				2,162	2,206
	Auditor's remuneration	- for the audit ofthe company's	annual	accounts	10,000	9,965

STAFF COSTS
				31.10.22	31.10.21
Wages and salaries				620,711	608,030
Social security costs				48,984	44,322
Other pension costs				11,695	11,428
				~681 390	663,780
The average monthly	number ofemployees	during	the year was as follows:
				31.10.22	31.10.21
Sales and marketing				9	10
Operations and maintenance				27	31
Administration				6	6
				42	47

	During the prior year redundancy and compromise agreement payments totallin members ofstaff (2022:fail). These are included within wages costs in 2021.	During the prior year redundancy and compromise agreement payments totallin members ofstaff (2022:fail). These are included within wages costs in 2021.	During the prior year redundancy and compromise agreement payments totallin members ofstaff (2022:fail). These are included within wages costs in 2021.	g KI4,037	were paid to 4
11.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted	Restricted	Total
			fund	fund	funds
	INCOME	AND ENDOWMENTS FROM
	Donations	and legacies	576,700		576,700
	Charitable	activities
	Charitable	Activities	933,154		933,154
	Generated	funds	338,043		338,043
	Investment income Other income		69,058 ~2,206)		69,058 ~2,206)
	Total		1,914,749		1,914,749
	EXPENDITURE ON
	Charitable	activities
	Charitable	Activities	1,547,898		1,547,898
	Governance	costs	19,994		19,994
	Bank Charges and interest		17,194		17,194

11.	COMPARATIVES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
				Unrestricted	Restricted	Total
				fund	fund	funds
				f
	Total			1,585,086		1,585,086
	Net gains on investments			300,625		300,625
	NET INCOME			630,288		630,288
	RECONCILIATION		OF FUNDS
	Total funds brought	fonvard		1,625,947		1,625,947
	TOTAL FUNDS CARRIED FORWARD			2,256,235	—	2,256,235
12.	TANGIBLE FIXED		ASSETS
						Plant,
						machineiy,
					Leasehold	tixtures,
					buildings	fittings
				Freehold	and	and motor
				properly	improvements	vehicles f
	COST OR VALUATION
	At I November 2021			740,000	2,281,032	315,155
	Additions Disposats				87,022 ~63,700)	173,319 (I7,445)
	At 31 October 2022			740,000	2,304,354	471,029
	DEPRECIATION
	At 1 November 2021				2,018,252	219&122
	Charge for year Eliminated on disposal				96,860	59,704 ~11,033)
	At 31 October 2022				2,115,112	267,793
	NET BOOK VALUE
	At 31 October 2022			740,000	189,242	203,236
	At 31 October 2021			740,000	262,780	96,033

TANGIB	LE FI	XEDASSETS - continued
				Fixtures	Railway
				and	rolling
				iittings	stock	Totals
						5
COST ORVALUATION
At 1 November		2021		2,1$3,718	513,515	6,033,420
Additions Disposals						260,341 ~81,145)
At 31 October 2022				2,183,718	513,515	6,212,616
DEPRECIATION
At 1 November		2021		2,114,003	354,503	4,705,880
Charge for year Eliminated on disposal				6,829	20,790	184,183 ~11,033)
At 31 October 2022				2,120,832	375,293	4,879,030
NET BOOK VALUE
At 31 October 2022				62,886	138,222	1,333,586
At 31 October 2021				69,715	159,012	1,327,540
Cost or valuation		at 3 I October 2022 is represented	by:
						Plant,
						machinery,
					Leasehold	tixtures,
					buildings	fittings
				Freehold	and	and motor
				property	improvements	vehicles
						g
Valuation	in 2021			170,625
Cost				569,375	2,304,354	471,029
				740,000	2,304,354	~471 029
				Fixtures	Railway
				and	rolling
				fittings	stock	Totals
				g
Valuation	in 2021					170,625
Cost				2,183,718	513,515	6,041,991
				2,1$3,718	5]3,515	6,212,616

	There were no investment	assets outside the UK	assets outside the UK	.
	The company's investments	at the balance sheet		date in the share capital ofcompanies	include the following:
	Exbury Gardens Retail Limited
	Registered ot'fice:
	Nature ofbusiness: Retail
	Class ofshare:			holding
	Ordinary			100
14.	INVESTMENT PROPERTY
	FAIR VALUE
	At I November 2021
	and 31 October 2022				~II95,000
	NET BOOK VALUE
	At 31 October 2022				~1,195000
	At 31 October 2021				1,195,000
	Fair value at 31 October 2022 is represented		by:
					8
	Valuation in 2021				130,000
	Valuation in 2018				250,000
	Valuation in 2017				30,000
	Valuation in 2016				50,000
	Valuation in 2015				716,057
	Cost				18,943
					1,195,000

16.	DEBTORS	DEBTORS
						31.10.22	31.10.21
	Amounts	falling due within		one year:
	Trade debtors					20,046	2,877
	Amounts	due from related
	parties					39,934	4,622
	Other debtors					20,679	12,793
	VAT						101,282
	Prepayments and accrued income					31,080	55 476
						111,739	177,050
	Amounts	falling due after		more than	one year:
	Amounts	owed by group	undertakings			93,002
	Aggregate	amounts				204,741	177,050
17.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
						31.10.22	31.]0.21
	Bank loans and overdrafts			lsee note	18)	650,000	650,000
	Trade creditors					79,330	34,694
	Social security and other		taxes			19,231	17,583
	VAT					40,402
	Amounts	owed to related		patUes		12,114	9,867
	Other creditors					3,699	2,967
	Accruals	and deferred income				152,425	162,192
						957,201	877,303
18.	LOANS
	An analysis ofthe maturity			oflnans	is given below:
						31.10.22	31.10.21
						8	f.
	Amounts	falling due within		one year on demand:
	Working	capital loan -	Rothschild		Bank	650,000	650,000
	5100,000	ofthe Working	capital loan has been repaid post year end.

The f	ollowing secured debts are included within	creditors:
		31.10.22	31.111.21
Bank	loans	650,000	650,0IIII)

20.	ANALY	SIS	O	F NET ASSETS	BETWEEN FUNDS
							31.10.22	31.10.21
					Unrestricted	Restricted	Total	Total
					fund	fundf	funds	funds f
	Fixed assets				1,333,586		1,333,586	1,327,540
	Investments				1,195,000		1,195,000	1,195,000
	Current	assets			757,198		757,198	610,998
	Current	liabilities			(957,201)		~957,201)	(877,303)
					2,328,583		2,32$,583	2,256,235
21.	MOVEMENT			IN FUNDS
							Net
						At	movement	At
						1.11.21	in funds	31.10.22
								f.
	IJnrestricted		funds
	General	fund				2,256&235	72,348	2,328,5$3
	TOTAL	FIJNDS				2,256,235	72,348	2,328,583
	Net movement			in funds. included	in the above are as follows:
						Incomtng	Resources	Movement
						resources	expended	in funds
	Unrestricted		funds
	General	fund				1,763,539	(1,691,191)	72,348
	TOTAL	FUNDS				1,763,539	(1,691,191)	72,348

				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		(.rr25.947	630,2gfi	2,256,235

				Incoming	Resources	Gains and	Movement
				resources	expended	losses	in funds
Unrestricted		funds
General	fund			1,914,749	(1,585,086)	300,625	630,288
TOTAL	FUNDS			1.914749	~(( 585,086)	300,625	630,288
A current	year	12 months	and prior year 12 months	combined	position is as follows:
						Net
					At	movement	At
					1.11.20	in funds	31.10.22
Unrestricted		funds
General	fund				1,625,947	702,636	2,328,583
TOTAL	FUNDS				1,625,947	~702 636	2,328,583

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
Unrestricted		funds
General	fund		3,678,288	(3,276,277)	300,625	702,636
TOTAL	FUNDS		3,678,288	(3,276,277)	300,625	7(12.636

		Unrestricted	Unrestricted
		2022	2021
Exbuiy Gardens Tiust		200,000	320,000
Mr and Mrs M A P Agius (Director)		50,000	84,800
Miss C H de Rothschild	(Director)	4,000
D L de Rothschild			20,000
M-L E Agius (Director)		245

close family or organisat	ions connected with them as follows:
		2022	2021
			f.
Exbury House Tmst		5,853	31,249
D L de Rothschild		5,274	5,289
N D de Rothschild (Director)		12,252	3,758
Exbuiy Estate (N D and	D L de Rothschild)	66,199	59,820
Miss C H de Rothschild	(Director)	1,802	2,004
Mr and Mrs M A P Agius (Director)		1,726	2,420
Exbuiy Gardens Trust		627	60
Exbuiy Gardens Retail	Limited	43,421
M-L E Agius (Director)		111

											2022	202 I
Exbuiy	Estate	(N	D	and	D	L	de	Rothschild	-	Directors)	136,071	113,837

			2022	2021
I	The	Bothy	13,200	12,475
2	The	Bothy	11,400	I0,800
2	The	Crescent	10,200	9,908

Shepherds Cottage		7,200	6,600
Year end balances arising from these transactions:
		2022	2021
In debtors (note 16)
Exbury House Trust		2,296	2,179
Exbury Estate (N D and	D L de Rothschild)	7,280
D L de Rothschild		890	297
Mr and Mrs M A P Agius		134	150
N D de Rothschild		2,423	1,800
Exbury Garden Trust		352	22
Miss C H de Rothschild		139	176
M-L EAgius		133
Exbury Gardens Retail	L,imited	119,289
ln creditors: due within	one year (note 17)
Exbury Estate (N D and	D L de Rothschild)	12,114	9,867