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|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|
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||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|
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||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|
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|||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|
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|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|
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|||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|
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|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|
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|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|
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|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|
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||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|
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||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)||||||
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