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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|5|
|statements||
|Independent auditor’s report to the Trustees ofThe Privy Purse Charitable Trust|6-9|
|Statement of financial activities|10|
|Balance sheet|11|
|Statement ofCash Flows|12|
|Notes|13-21|





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||Note|Unrestricted|Total|Unrestricted|Total|
|---|---|---|---|---|---|
|||funds|funds|Funds|funds|
|||2023|2023|2022|2022|
|||£|£|L|L|
|Income from:||||||
|Donations and legacies|2|629,588|629,588|176,696|176,696|
|Investments|3|219,949|219,949|1,050|1,050|
|Total incoming resources||849,537|849,537|177,746|177,746|
|Expenditure on:||||||
|Raising Funds||||||
|Investment management fee||7,964|7,964|8,615|8,613|
|Charitable acuviues:||||||
|Ecclesiastical||238,463|238,463|210,002|210,002|
|Education||202,289|202,289|226,808|226,808|
|Other||186,016|186,016|230,071|230,071|
||4|626,768|626,768|666,881|666,881|
|Total resources expended||634,732|634,732|673,496|673,406|
|Net incoming / (outgoing) resources and||||||
|movement in fund before net gains on||214,805|214,805|(497,750)|(497,750)|
|investments||||||
|Net (losses) / gains on investments|5|(338,621)|(338,621)|474,212|4N,212|
|Net outgoing resources and movement in||(123,816)|(123,816)|(23,538)|(23,538)|
|fund||||||
|Fund balance brought fpnvard at I April||5,197,480|5,197,480|5,221,018|5,221,018|
|Fund balance carried forward at 31 March||5,073,664|5,073,664|5,197,480|5,197,480|





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||Note|||
|---|---|---|---|
|||2023|2022|
||||Restated|
||||I|
|Fixed assets||||
|Investments|5|5,094,916|5,134,716|
|Current assets||||
|Receivables|7|1,601|1,481|
|Cash and cash equivalents||417,010|123,221|
|Current Liabilities||||
|Pavables: amounts falling due within one year|8|(330,437)|(242,776)|
|Net current assets / (liabilities)||88,174|(118,071)|
|Liabilities||||
|Payables: amounts falling due after more than one year|9|(109,426)|(119,165)|
|Net assets||5,073,664|5,197,480|
|Funds||||
|Unrestricted funds||5,073,664|5,197,480|
|||5,073,664|5,197,480|






## 

||2023|2022|
|---|---|---|
||£||
|Cash flows from operating activities:|||
|Net expenditure (as per the statement offinancial activities)|(123,816)|(23,538)|
|Adjustments for:|||
|Net loss / (gain) on investments|338,621|(474,212)|
|Movement in investment proportion|1,179|-|
|Investment income receivable|(219,949)|(1,050)|
|(Increase) / decrease in recetvables|(120)|(1,036)|
|Increase in payables|77,922|48,815|
|Net cash generated / (absorbed) by operating activities|73,837|(451,021)|
|Cash flows from investing activities:|||
|Investment income received|219,949|1,050|
|Purchase ofinvestments|-|(218,253)|
|Sale ofinvestments|-|420,845|
|Net cash generated by investing activities|219,949|203,642|
|Change in cash and cash equivalents in the year|293,786|(247,379)|
|Cash and cash equivalents as at 1 April 2022 / 2021|123,224|370,603|
|Cash and cash equivalents as at 31March 2023/ 2022|417,010|123,224|
|Analysis ofcash and cash equivalents|||
||2023|2022|
||£|£|
|Cash at bank and in hand|213,754|82,250|
|Cash held by investment managers|203,256|40,974|
||417,010|123,224|





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|2<br>Donations and legacies|||
|---|---|---|
||2023|2022|
||£||
|Queen Mary’s Dolls<br>Ilouse|515,195|176,328|
|Oxford Scientific Films|1,831|207|
|Spun Gnld 7W|10,762||
|Plaunumjubilee Pageant|100,000||
|Other donations|1,800|161|
||629,588|176,696|
|3<br>Dividends and interest|||
||2023|2022|
||£|L|
|UK Listed Investments|215,987|1,038|
|Bank interest|3,962|12|
||219,949|1,050|
|4<br>Charitable donations|||
|The following donannns over f20,000 were made during the year:|||
||2023|2022|
||£|£|
|Cm’ ofLondon School (Chonsters)|162,000|162,000|
|Chapel Royal<br>— Hampton Court Palace (Ecclesiastical)|55,411|52,052|
|Chapel Royal<br>— Windsor Great Park (Ecclesiastical)|30,210|22,l9|
|Chapel Royal<br>—Sijames’s Palace (Ecclesiastical)|50,823|45,881|
|Sandrrngham Group ofParishes (Ecclesiastical)|65,904|61,064|
|Game and Wildlife Conservation Trust|-|35,468|
||364,348|379,184|





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|||Charitable|Support|2023|2022|
|---|---|---|---|---|---|
|||Donations|Costs|Total||
||No.|£|£|£|£|
|Ecclesiastical|38|237,598|865|238,463|210,002|
|Education|3|202,221|68|202,289|226,808|
|Other:||||||
|Aged|17|11,347|387|11,734|10,618|
|Animals|20|6,650|455|7,105|5,888|
|Armed Services|43|13,750|978|14,728|17,429|
|Children & Youth|41|17,150|933|18,083|15,647|
|Cultural|19|9,360|432|9,792|8,688|
|Disabled|21|7,050|478|7,528|6,169|
|Environment|10|5,900|228|6,128|41,142|
|Family Welfare|8|2,550|182|2,732|2,233|
|Hospices & Hospitals|11|10,800|250|11,050|9,179|
|Medical Research|10|4,200|228|4,428|3,594|
|Medical Welfare|12|5,150|273|5,423|4,525|
|Overseas Aid|6|45,909|137|46,046|45,872|
|Restoration of Cathedrals & Churches|4|5,732|91|5,823|28,573|
|Royal Almonry|1|5,575|23|5,598|5,815|
|Social Welfare|13|6,650|296|6,946|5,765|
|Sport|21|7,050|478|7,528|6,194|
|Trades & Professions|29|12,400|660|13,060|10,812|
|Voluntary’ Services|6|2,150|134|2,284|1,868|
||333|619,192|7,576|626,768|666,881|





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|£nil (2022: ,(niJ) and for The King’s choristers, St. George’s Chapel, \V<br>£64 767). An analysis ofthe total movement is presented below.|indsor was a charge of|£29,121 (2022.|
|---|---|---|
||2023|2022|
||£|£|
|Chotisters’Schoolfees/Theng’s ChoristerScholarship|||
|Amounts payable|||
|Commitments at 1 April|160,845|131,268|
|Commitments made in the year|29,421|64,767|
|Commitments written back in the year|-|-|
|Charged / (credited) to statement of financial activities|190,266|196,035|
|Paid in the year|(40,242)|(35,190)|
|Commitments at 31 March|150,024|160,845|
|Commitmentsat31March arepayable:|||
|Within one year|40,598|41,680|
|After more than one year|109,426|119,165|
||150,024|160,845|





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|5|Investments|||||
|---|---|---|---|---|---|
|||Cost at|Market Value|Cost at|Market Value|
|||31 March|at 31 March|31 March|at 31 March|
|||2023|2023|2022|2022|
|||£|£|£|£|
|UK listed investments||5,099,529|5,094,916|5,100,710|5,434,716|
|||5,099,529|5,094,916|5,100,710|5,434,716|
|Cash|held by investment managers|203,256|203,256|40,974|40,974|
|||5,302,785|5,298,172|5,141,684|5,475,690|



||2023|
|---|---|
||£|
|Opening market value ofinvestments|5,434,716|
|Movement in fund proportion|(1,179)|
|Realised loss|(664)|
|Unrealised loss|(337,957)|
|Closing marketvalue ofinvestments|5,094,916|
|Realised Loss|(664)|
|Unrealised loss|(337,957)|
|Net realised and unrealised losses|(338,621)|





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|7|Receivables|||
|---|---|---|---|
|||2023|2022|
|||£|£|
|Receivables||1,601|1,481|
|||1,601|1,48!|
|8|Current liabilities: amounts falling due within one year|||
|||2023|2022|
||||I|
|Purchase ledger||78,408|25,972|
|Donations payable||202,598|204,085|
|Accruals||45,924|12,719|
|Sundry Creditors||3,507|-|
|||330,437|242,776|



|||2023|2022|
|---|---|---|---|
|||£|£|
|Donations|payable|109,426|119,165|
|||109,426|119,165|





## 

|||1April|Cash|31 March|||
|---|---|---|---|---|---|---|
|||2022|flows|2023|||
|||£|£|£|||
|Cash and cash equivalents||123,224|293,786|417,010|||
|||123,224|293,786|417,010|||
|11|Funds||||||
|Year ended 3t March 2023|||||||
|||Opening|Income|Expenditure|Gains/|Closing|
|||balance at|||(losses)|balance at|
|||1 April||||31 March|
|||2022||||2023|
|||£|£|£|£|£|
|Unrestricted Funds||5,197,480|849,537|(634,732)|(338,621)|5,073,664|
|||5,197,480|849,537|(634,732)|(338,621)|5,073,664|
|Year ended 31” March 2022|||||||
|||Opening|Income|Expenthmre|Gains I|Closthg|
|||balance at|||(losses)|balance at|
|||1 \pril||||31 March|
|||2021||||2022|
|||L|£|£|£|£|
|Unrestricted 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|





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||Balance atyear|Balance atyear|Transactions in|Transactions in|Details oftransaction|
|---|---|---|---|---|---|
|||end|the|year||
|£|2023|2022|2023|2022||
|Royal Collection|(3,508)|339|515,195|176,328|Donation ofincome from RCT, net of|
|Trust (RCT)|||||expenses, from the admission to Queen|
||||||Mary’s Dolls’ I louse, Windsor Castle.|
|Privy Purse (PP)|-|-|(4,619)|(4,840)|Recharge for Maundv Purses.|
|I listoric Royal Palaces|(27,810)|(24,542)|(27,810)|(24,542)|Recharge for salaries ofshared|
|(I LRP)|||||employees.|
|I RI Chapel Royal, Sr.|152|1,112|1,143|4,475|Recharge for salaries ofshared|
|James’s Palace|||||employees and flower expenditure.|
|(FIMCR)||||||
|Mthtan Knights of|-|-|350|280|Donation made annually|
|Windsor (MK\X)||||||
|Treasurer to The|470|-|470|-|Recharge for flower expenditure relating|
|King Q17K|||||to I-IMCR.|