Report of the Directors and Financial Statements
for the year ended 31 December 2020 Report of the Directors Principal Activities and Business Review The principal activity of Rothschild & Co Continuation Finance CI Limited ( the Company ) is the raising of finance for the purpose of lending it to other members of the Rothschild & Co Group. As mentioned above, the Company operates as a finance vehicle which issues debt and lends it onto other Rothschild & Co Group companies on substantially the same terms. The only debt currently in issue is perpetual subordinated notes. Given the nature of this debt and the related loans to group companies, the Directors consider that accrual accounting, as per prior years, best reflects the purpose of the Company as a pass through financing vehicle and to match the £125m loan asset and subordinated guaranteed notes in issue. On this basis, the loan asset and subordinated guaranteed notes would be matched o