2022-03-31-accounts - Duke of Lancaster's Foundation

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The Duchy of Lancaster Jubilee Trust was constit registered charity number is 1085881.	The Duchy of Lancaster Jubilee Trust was constit registered charity number is 1085881.	uted on 15th March 2001 u	nder a declarati	on of	trust. The
Trustees and principal officers
Trustees are appointed were:	by the Receiver General	of the Duchy of Lancaster.	The Trustees	during	the year
		A~Olht8d	Retired
Sir Alan Reid GCVO
Nathan Thompson	CVO
Kathryn Matthews			31 December	2021
Hugh Bullock
Sir Michael Stevens KCVO
I ord Downshire
Marcus Rose
Sonia Tolaney QC		10October 2021
Lucy Macdonald		24 February 2022
Jill May		24 February 2022

		STATEMENT OF FOR THE YEAR	FINANCIAL ACTI TO 31st MARCH	VITIES 2022	VITIES 2022
			Unrestricted	Expendable		Total	Total
			Fund	Endowment
				Fund		2022	2021
		Notes	F				E
Income and endowments		from:
Donations		2
Investments		3	531,434			531,434	467,515
Total			531,434			531,434	467,515
Expenditure on:
Charitable activities		4	359,821			359.821	360481
Total			359,821			359,821	380,481
Net gains/(losses)	on investments			2,323.567		2.323.567	4,126073
Net income/(expenditure)			171,613	2,323,567		2,495,180	4,233,107
Transfer between funds			349,325	349,325
Net movement in	funds		177,712	2,672,892		2,495,180	4,233,107
Reconciliation of	funds:
Total funds brought	forward		650934	23,447,443		24,098,377	19,865,270
Total funds carried forward			473,222	26,120,335		26,593,557	24,098377
		STATEMENT OF	FINANCIAL ACTIVITIES
		FOR THE YEAR	TO 31stMARCH	2021
				Unrestricted		Expendable	Total
				Fund		Endowment
						Fund	2021
		Notes
Income and endowments		from:
Donations
Investments				467,515			467,515
Total					467,515		467,515
Expenditure on:
Charitable activities					360,481		360,481
Total					360,481		360,481
Net gain on investments						4,126,073	4,126,073
Net income/(expenditure)					107,034	4,126,073	4,233,107
Transfer between funds
Net movement in	funds				107,034	4,126,073	4,233,107
Reconciliation of	funds:
Total funds brought	forward				543,900	19,321,370	19,865270
Total funds carried forward					650,934	23,447,443	24098,377
The notes on pages 10to 13form part ofthese accounts.

					Total	Total
					2022	2021
				Notes
Net cash outflow from operating activities				14	~359,405	~715,477
Cash flows from investing	activities
Dividends					531,381	467,350
Interest					53	165
Purchase of investments
Net cash inflow/(ouNow)	from investing		activities		531,434	467515
Change in cash and cash equivalents		in the	year		172,029	(247,962)
Cash and cash equivalents	at start	ofyear			305,790	553,752
Cash and cash equivalents	at end ofyear				477,819	305,790

Reconciliation	ofmovement	fitt
		onvesmens	2022	2021
Authodsed unit	trusts:
Market value at 1stApril 2021 Additions			23,796,768	19,670,695
Disposals
Net realised gain/(loss)
Net unrealised Market value at	gaini(loss) 31stMarch 2022		2,323,567 26,120,335	4,126,073 23,796,768
All investments	are in authorised	unit trusts,
Debtors			2022f	2021
Deposit interest			23
			23	19

Accruals
.			2022	2021
Audit Other			4,620	4,200
			4,62D	4,200
Other Creditors			2022	2021
Donations
Net assets by fund
	2D22		2021
	Unrestricted		Unrestricted
	General Fund	Expendable endowment	General Fund	Expendable endowment
Investments Current assets Current liabilities Net Assets	477,842 ~4.620) 473,222	26,120,335 0 26,120,335	155,134 ~4.200 150,934	23,796,768 150,675 23,947,443

					2022	2021
Net income {expenditure) as per		statement	offinancial	activities	2,495,180	4,233,107
Adjusted for:
Net {gains)/losses on	investments				(2,323,567)	(4, 126,073)
investment income					(531,434)	(467,515)
Decrease/{Increase) in receivables (Decrease)/increase in payables Net cash ouNow from operating activities					(4) 420 ~350.405	374 ~355370 ~715477