## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 



## 

## 



## 

## 




## 

## 

## 

## 

## 

## 



## 

## 

## 

## 



## 

## 

||||||||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<br>income<br>Other income|||||81,530<br>~2,162)||81,530<br>12,162)|69,058<br>~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<br>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<br>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<br>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<br>28,583|2.256,235|
|FUNDS|21|||
|Unrestricted<br>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<br>fium operations|||||409,352|447,881|
|interest paid|||||~23&t74)|~)7,194)|
|Net cash provided<br>by operating<br>activities|||||386,178|430,687|
|Cash flows from investing||activities|||||
|Purchase oftangible fixed|assets||||(260,341)|(81,494)|
|Saleoftangible<br>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<br>in year||||||(1,209)|
|Net cash provided<br>by/(used||in) financing||activities||~(,2(&9)|
|Change in cash and cash|equivalents||in||||
|the reporting<br>period|||||134,400|348,211|
|Cash and cash equivalents||at the|||||
|beginning<br>ofthe reporting||period|||379,470|31,259|
|Cash and cash equivalents||at the end|of||||
|the reporting<br>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<br>for:||||||
|Depreciation<br>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<br>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<br>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<br>Activities|||1,614,538|23,170|1,637,708|
||Governance<br>costs<br>Bank Charges<br>and interest|||23,170|30,309<br>4|30,309<br>~23 174|
|||||1,637,708|53,483|1,691,191|
|6.|SUPPORT COSTS||||||
||||||Governance||
|||||Management|costs|Totals|
||||||6||
||Charitable<br>Activities|||23,170||23,170|
||Governance<br>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<br>- owned assets||||184,183|137,380|
||Other operating<br>leases||||52,809|48,844|
||Deficit on disposal oftixed assets||||2,162|2,206|
||Auditor's<br>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<br>and maintenance||||27|31|
|Administration||||6|6|
|||||42|47|



## 

||During<br>the prior<br>year<br>redundancy<br>and<br>compromise<br>agreement<br>payments<br>totallin<br>members ofstaff (2022:fail). These are included<br>within<br>wages costs in 2021.|During<br>the prior<br>year<br>redundancy<br>and<br>compromise<br>agreement<br>payments<br>totallin<br>members ofstaff (2022:fail). These are included<br>within<br>wages costs in 2021.|During<br>the prior<br>year<br>redundancy<br>and<br>compromise<br>agreement<br>payments<br>totallin<br>members ofstaff (2022:fail). These are included<br>within<br>wages costs in 2021.|g<br>KI4,037|were<br>paid<br>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<br>income<br>Other income||69,058<br>~2,206)||69,058<br>~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<br>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<br>f|
||COST OR VALUATION||||||
||At I November<br>2021|||740,000|2,281,032|315,155|
||Additions<br>Disposats||||87,022<br>~63,700)|173,319<br>(I7,445)|
||At 31 October 2022|||740,000|2,304,354|471,029|
||DEPRECIATION||||||
||At<br>1 November<br>2021||||2,018,252|219&122|
||Charge for year<br>Eliminated<br>on disposal||||96,860|59,704<br>~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<br>1 November||2021||2,1$3,718|513,515|6,033,420|
|Additions<br>Disposals||||||260,341<br>~81,145)|
|At 31 October 2022||||2,183,718|513,515|6,212,616|
|DEPRECIATION|||||||
|At<br>1 November||2021||2,114,003|354,503|4,705,880|
|Charge for year<br>Eliminated<br>on disposal||||6,829|20,790|184,183<br>~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<br>|assets outside the UK|assets outside the UK|.||
|---|---|---|---|---|---|
||The company's<br>investments|at the balance sheet||date in the share capital ofcompanies|include the following:|
||Exbury Gardens<br>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<br>in 2021||||130,000|
||Valuation<br>in 2018||||250,000|
||Valuation<br>in 2017||||30,000|
||Valuation<br>in 2016||||50,000|
||Valuation<br>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<br>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<br>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<br>loan -|Rothschild||Bank|650,000|650,000|
||5100,000|ofthe Working|capital loan has been repaid post year end.|||||





## 

## 

|The f|ollowing<br>secured debts are included<br>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<br>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<br>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<br>connected<br>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<br>(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<br>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|



##