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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||||
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|||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.||||||||
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||||2022|2021|
|---|---|---|---|---|
|||Notes|||
|Fixed Assets|||||
|Investments|||26,120,335|23 f36,266|
|Current Assets|||||
|Debtors
Cash and deposits|||23
477,819|19
305,790|
|Creditors: amounts|falling due within one year||477,842|305,809|
|Accruals
Other Creditors||11
12|{4,620)|(4,200)|
|Net Current Assets|||473222|301609|
|Net Assets|||26,593,557|24,098,377|
|Capital Fund|||||
|Expendable
Endowment||13|26,120,335|23,947,443|
|Income Fund|||||
|Unrestricted
General|Fund|13|473,222|150,934|
||||26,593,557|24,098,377|
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||||||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|
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|Investments|||2022|2021|
|---|---|---|---|---|
||||E||
|Authorised|unit|trusts:|||
|Newton|||26,120,335|23,796,768|
||||26,120,335|23,796 mB|
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|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|
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|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|
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||||||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|
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|Benchmark|indices|Benchmark %|
|---|---|---|
|FTSEAll Share||50|
|FTSEWorld|ex UK)|25|
|FTSEGovt.|All Stocks|20|
|7-day cash|||
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