| Legal and administrative information | 2 |
|---|---|
| Trustees’ report | 3-4 |
| Statement ofTrustees’ responsibilities in respect of the Trustee’s report and the financial | S |
| statements | |
| Independent auditor’s report to the Trustees ofThe Privy Purse Charitable Trust | 6 |
| Statement of financial acdvtues | ID |
| Balance sheet | Ii |
| Statement ofCash flows | L2 |
| Notes | 13-21 |
| Note | Unrestricted | Total | Unrestricted | Total | |
|---|---|---|---|---|---|
| funds | funds | Funds | funds | ||
| 2022 | 2022 | 2021 | 2021 | ||
| £ | £ | £ | £ | ||
| Income from: | |||||
| Donations and legacies | 2 | 176,696 | 176,696 | 45,179 | 45,179 |
| Investments | 3 | 1,050 | 1,050 | 53,254 | 53,254 |
| Total incoming resources | 177,746 | 177,746 | 98,433 | 98,433 | |
| Expenditure on: | |||||
| Raising Funds: | |||||
| Investment management fee | 8,615 | 8,615 | 31,561 | 31,561 | |
| Charitable activities: | |||||
| Ecclesiastical | 210,002 | 210,002 | 218,500 | 218,500 | |
| Education | 226,808 | 226,808 | 188,105 | 188,105 | |
| Other | 230,071 | 230,071 | 255,663 | 255,663 | |
| 4 | 666,881 | 666,881 | 662,268 | 662,268 | |
| Total resources expended | 675,496 | 675,496 | 693,829 | 693,829 | |
| Net outgoing resources and movement in | |||||
| fund before net gains on investments | (497,750) | (497,750) | (595,396) | (595,396 | |
| Net gains on investments | 5 | 474,212 | 474,212 | 1,213,774 | 1,213,774 |
| Net (outgoing) / incoming resources and | (23,538) | (23,538) | 618,378 | 618,378 | |
| movement in fund S |
|||||
| Fund balance brought fonvard at 1 April | 5,221,018 | 5,221,018 | 4,602,640 | 4,602,640 | |
| Fund balance carried forward at 31 March | 5,197,480 | 5,197,480 | 5,221,018 | 5,221,018 |
| Note | |||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | L | ||
| Fixed assets | |||
| Investments | 5 | 5,475,690 | 5,459,051 |
| Current assets | |||
| Receivables | 7 | 1,481 | 445 |
| Cash and cash equivalents | 82,250 | 74,648 | |
| Current Liabilities | |||
| Pavables: amounts falling due within one year | $ | (242,776) | (222,770) |
| Net current assets | (159,045) | (147,677) | |
| Liabilities | |||
| Pavables: amounts falling due after more than one year | 9 | (119,165) | (90,356) |
| Net assets | 5,197,480 | 5,221,018 | |
| Funds | |||
| Unrestricted funds | 5,197,480 | 5,221,018 | |
| 5,197,480 | 5,221,018 |
| 2022 | 2021 | ||
|---|---|---|---|
| £ | L | ||
| Cash flows from operating activities: | |||
| Net (expenditure) / income | (as per the statement of financial activities) | (23,538) | 618,378 |
| Ad/ustments Ion | |||
| Net gain on investments | (474,212) | (1,213,774) | |
| Investment income receivable | (1,050) | (53,254) | |
| (Increase / decrease in receivables | (1,036) | 20,835 | |
| Increase in payables | 48,815 | 40,033 | |
| Net cash absorbed by operating activities | (451,021) | (587,782) | |
| Cash flows from investing activities: | |||
| Investment income received | 1,050 | 53,254 | |
| Purchase ofinvestments | (218,253) | (5,823,151) | |
| Sale ofinvestments | 420,845 | 6,159,177 | |
| Net cash generated by investing activities | 203,642 | 389,280 | |
| Change in cash and cash equivalents in the year | (247,379) | (198,502) | |
| Cash and cash equivalents as at | 1 April 2021 / 2020 | 370,603 | 569,105 |
| Cash and cash equivalents as | at 31 March 2022 / 2021 | 123,224 | 370,603 |
| Analysis of cash and cash equivalents | |||
| 2022 | 2021 | ||
| £ | L | ||
| Cash at bank and in hand | 82,250 | 74,648 | |
| Cash held by investment managers | 40,974 | 295,955 | |
| 123,224 | 370,603 |
| Notes (continued,) | ||
|---|---|---|
| 2 Donations and legacies |
||
| 2022 | 2021 | |
| £ | L | |
| Queen Mary’s Dolls Ilouse |
176,328 | 44,079 |
| Oxford Scientific Films | 207 | 1,100 |
| Other donations | 161 | - |
| 176,696 | 45,179 | |
| 3 Dividends and interest |
||
| 2022 | 2021 | |
| £ | L | |
| UK Listed Investments | 1,038 | 39,721 |
| Overseas Listed Investments | — | 13,514 |
| Bank interest | 12 | 19 |
| 1,050 | 53,254 | |
| 4 Charitable donations |
||
| The following donations over f20,000 were made during the year: | ||
| 2022 | 2021 | |
| £ | £ | |
| City ofLondon School (Choristers) | 162,000 | 142,001) |
| Chapel Royal — I lampton Court Palace (Ecclesiastical) |
52,052 | 50,634 |
| Chapel Royal — Windsor Great Park ( Ecclesiastical) |
22,719 | 26,718 |
| Chapel Royal — Sijames’s Palace (Ecclesiastical) |
45,881 | 29,965 |
| Sandringham Group ofParishes (Ecclesiastical) | 61,064 | 61,897 |
| Game and \Vddhfe Consenration Trust | 35,468 | 27,386 |
| 379,184 | 338,600 |
| Charitable | Support | 2022 | 2021 | ||
|---|---|---|---|---|---|
| Donations | Costs | Total | |||
| No. | £ | £ | £ | £ | |
| Ecclesiastical | 38 | 209,227 | 775 | 210,002 | 218,498 |
| Education | 2 | 226,767 | 41 | 226,808 | 188,123 |
| Other | |||||
| Aged | 18 | 10,281 | 367 | 10,648 | 17,646 |
| .\ntmals | 20 | 5,480 | 408 | 5,888 | 10,153 |
| Armed Sertces | 45 | 16.511 | 918 | 17,429 | 22.327 |
| Children & Youth | 42 | 14,790 | 857 | 15,647 | 23.97 1 |
| Cultural | 19 | 8,300 | 388 | 8,688 | 11.343 |
| Disabled | 21 | 3,740 | 429 | 6,169 | 11,600 |
| Environment | 11 | 40,918 | 224 | 41,142 | 39,371 |
| Family \X’elfare | 8 | 2,070 | 163 | 2,233 | 4,285 |
| I lospices & Ilospitals | 1 1 | 8,955 | 224 | 9,179 | 20,627 |
| Medical Research | 10 | 3,390 | 204 | 3,594 | 6,003 |
| Medical \‘(‘elfare | 12 | 4,280 | 245 | 4,525 | 15,331 |
| Overseas Aid | 6 | 45,750 | 122 | 45,872 | 1,551 |
| Restoration ofCathedrals & Churches | 7 | 28.430 | 143 | 28,573 | 14,501 |
| Royal Almonry | 1 | 5,795 | 20 | 5,815 | 5,963 |
| Social \X’elfare | 13 | 5,500 | 265 | 5,765 | 9,735 |
| Sport | 21 | 5,765 | 429 | 6,194 | [6,856 |
| Trades & Professions | 29 | 10,250 | 592 | 10,842 | 21,024 |
| Voluntary Serices | 6 | 1,745 | 123 | 1,868 | 3,348 |
| 340 | 659.9-14 | 6,937 | 666,881 | 662,266 |
| were fnil (‘O’I: fi:!!) and for The Queen’s choristers, St. George’s Cha COfl:f46,087,i. An analysis of the total movement is presented below. |
pel, \X’indsor was a cha | rge of £64,767 |
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Choristers’Schoolfees/The Queen‘c ChoristerScholarshzji | ||
| Amounts payable | ||
| Commitments at 1 April | 131,268 | 113,429 |
| Commitments made in the year | 64,767 | 16,087 |
| Commitments written back in the year | ||
| Charged / (credited) to statement of financial activities | 196,035 | 159,516 |
| Paid in the year | (35,190) | (28248) |
| Commitments at 31 March | 160,845 | 131,268 |
| Commitments at31March areparable: | ||
| \X’ithin one year | 41,680 | 40,912 |
| After more than one year | 119,165 | 90,356 |
| 160,845 | 131,268 |
| 5 | Investments | ||||
|---|---|---|---|---|---|
| Cost at | Market Value | Cost at | Market Value | ||
| 31 March | at 31 March | 31 March | at 31 March | ||
| 2022 | 2022 | 2021 | 2021 | ||
| £ | £ | £ | £ | ||
| UK listed investments | 5,100,710 | 5,434,716 | 5,066,992 | 5,163,096 | |
| 5,100,710 | 5,434,716 | 5,066,992 | 5,163,096 | ||
| Cash | held by investment managers | 40,974 | 40,974 | 295,955 | 295,955 |
| 5,141,684 | 5,475,690 | 5,362,947 | 5,459,05 1 |
| 2022 | |
|---|---|
| Opening market value ofinvestments | 5,163,096 |
| Disposals | (376,327) |
| Purchases at cost | 218,253 |
| Unrealisedgains | 429,694 |
| Closing market value ofinvestments | 5,434,716 |
| Realised gains | 44,518 |
| Unrealised gains | 429,694 |
| Net realised and unrealised gains | 474,212 |
| 7 | Receivables | ||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | L | ||
| Receivables | 1,481 | 445 | |
| 1,481 | 445 | ||
| 8 | Current liabilities: amounts falling due within one year | ||
| 2022 | 2021 | ||
| £ | L | ||
| Purchase ledger | 25,972 | 1,585 | |
| Donations payable | 204,085 | 182,912 | |
| Accruals | 12,719 | 38,038 | |
| Sundry Creditors | - | 235 | |
| 242,776 | 222,770 |
| 9 | Payables: amounts falling due after more than one year | ||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | L | ||
| Donations payable | 119,165 | 90,356 | |
| 119,165 | 90,356 |
| Opening | Income | Expenditure | Gains / | Closing | |
|---|---|---|---|---|---|
| balance at | (losses) | balance at | |||
| 1 April | 31 March | ||||
| 2021 | 2022 | ||||
| £ | £ | £ | £ | £ | |
| LTnrcstricted Funds | 5,221,018 | 177,746 | (675,496) | 474,212 | 5,197,480 |
| 5,221,018 | 177,746 | (675,496) | 474,212 | 5,197,480 | |
| Year ended 31st March 2021 | |||||
| Opening | Income | Expenditure | Gains / | Closing | |
| balance at | (losses) | balance at | |||
| 1 .\pril | 31 March | ||||
| 2020 | 2021 | ||||
| L | £ | £ | £ | £ | |
| Unrestricted Funds | 4,602,640 | 98,433 | (693,829) | 1,213,774 | 5,221,018 |
| 4,602,640 | 98,433 | (693,829) | 1,213,774 | 5,221,018 |
| Balance at year | Balance at year | Transactions in | Transactions in | Details oftransaction | |
|---|---|---|---|---|---|
| end | the | year | |||
| £ | 2022 | 2021 | 2022 | 2021 | |
| Royal Collection | 339 | 28 | 176,328 | 44,080 | Donation ofincome from RCT. net of |
| Trust RCfl | expenses, from the admission to Queen | ||||
| Man’s Dolls’ I louse, \Xindsor Castle. | |||||
| Pnvy Purse (PP) | - | - | (4,840) | (4.790) | Recharge for Maundv Purses. |
| I listonc Royal Palaces | (24,542) | (23.009) | (24,542) | (23,230) | Recharge for salanes ofshared |
| (IIRP) | employees. | ||||
| I INI Chapel Royal, St. | 1,112 | 411 | 4,475 | 411 | Recharge for salaries ofshared |
| James’s Palace | employees and flower expenditure. | ||||
| (I R1CR) | |||||
| Nhhtan Knights of | - | - | 280 | 560 | Donation made annually |
| Windsor (MK\X) |