| Legal and administrative information | |
|---|---|
| Trustees’ report | 3-5 |
| Statement ofTrustees’ responsibilities in respect of the Trustee’s report and the financial | 6 |
| statements | |
| Independent auditor’s report to the Trustees ofThe Privy Purse Charitable Trust | 7-10 |
| Statement of financial activities | 11 |
| Balance sheet | 12 |
| Statement of Cash Flows | 13 |
| Notes | 14-22 |
| I\Tote | Unrestricted | Total | Unrestricted | Total | |
|---|---|---|---|---|---|
| funds | funds | Funds | funds | ||
| 2024 | 2024 | 2023 | 2023 | ||
| £ | £ | £ | £ | ||
| Income from: | |||||
| Donations and legacies | 2 | 886,246 | 886,246 | 629,588 | 629,588 |
| Investments | 3 | 242,550 | 242,550 | 219,949 | 219,949 |
| Total incomingresources | 1,128,796 | 1,128,796 | 849,5F | 849,53 | |
| Expenditure on: | |||||
| Raising Funds: | |||||
| Investment management fee | 7,895 | 7,895 | 7,964 | 7,964 | |
| Charitable activities: | |||||
| Ecclesiastical | 254,694 | 254,694 | 238,463 | 238,463 | |
| Education | 725,323 | 725,323 | 202,289 | 202,289 | |
| Other | 425,943 | 425,943 | 186,016 | 186,016 | |
| 4 | 1,405,960 | 1,405,960 | 626,68 | 626,768 | |
| Total resources expended | 1,413,855 | 1,413,855 | 634,732 | 634,732 | |
| Net (outgoing) / incoming resources and | |||||
| movement in fund before net gains / (losses) on investments |
(285,059) | (285,059) | 214,805 | 214,805 | |
| Net gains/ (losses) on investments | 284,631 | 284,631 | (338,621) | (338,621) | |
| Net outgoing resources and movement in | (428) | (328) | (123,816) | (123,816) | |
| Fund balance brought forward at I .\prd | 5,073,664 | 5,073,664 | 5,197,480 | 5,197,480 | |
| Fund balance carried forward at 31 March | 5,073,236 | 5,073,236 | 5,073,664 | 5,073,664 |
| I\ToIe | |||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | |||
| Fixed assets | |||
| Invesunents | 5 | 5,526,275 | 5,094,916 |
| Current assets | |||
| Receivables | 7 | 6,246 | 1,601 |
| Cash and cash equivalents | 614,834 | 417,010 | |
| Current Liabilities | |||
| Pavables: amounts falling due within one year | 8 | (517,118) | (330,437) |
| Net current assets / (liabilities) | 103,962 | 88,174 | |
| Liabilities | |||
| Pavables: amounts falling due after more than one year | 9 | (557,001) | (109,126) |
| Net assets | 5,073,236 | 5,073,664 | |
| Funds | |||
| L’nrestricted funds | 5,073,236 | 5,073,664 | |
| 5,073,236 | 5,073,664 |
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Cash flows from operating activities: | |||
| Net expenditure | (428) | (123,816) | |
| Adjustments for: | |||
| Net (gain) / loss on investments | (284,631) | 338,621 | |
| Investment income receivable | (242,550) | (219,949) | |
| Gncrease / decrease in receivables | (4,645) | (120) | |
| Increase in pavables | 634,256 | 77,922 | |
| Net cash generated by operating activities | 102,002 | 72,658 | |
| Cash flows from investing activities: | |||
| Investment income received | 242,550 | 219,949 | |
| Movement in investment proportion | (146,728) | 1,179 | |
| Net cash generated by investing activities | 95,822 | 221,128 | |
| Change in cash and cash equivalents in the year | 197,824 | 293,786 | |
| Cash and cash equivalents as at I £\prd 2023/ 2022 | 417,010 | 123,224 | |
| Cash and cash equivalents as at 31 March 2024 / 2023 | 614,834 | 417,010 | |
| Analysis ofcash and cash equivalents | |||
| 2024 | 2023 | ||
| £ | L | ||
| Cash at bank and in hand | 125,734 | 213,54 | |
| Cash held by investmenr managers | , | 489,100 — |
203,256. |
| 614,834 | 117,010 |
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Queen Mary’s Dolls House | 772,749 | 515,195 |
| Oxford Scientific Films | 930 | 1,831 |
| Spun Gold TV | 33,899 | 10,762 |
| Pladnumjubilee Pageant | - | 100,000 |
| Other Donations | 78,668 | 1,800 |
| 886,246 | 629,588 |
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| UK Listed Investments | 223,590 | 215,987 |
| Bank interest | 18,960 | 3,962 |
| 242,550 | 219,949 |
| The following | donations over £20,000 were made during the year: | ||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| City ofLondon School (Chorisrers) | 211,000 | 162,000 | |
| Chapel Royal | — Hampton Court Palace (Ecclesiastical) | 67,468 | 55,411 |
| Chapel Royal | — \‘(indsor Great Park (Ecclesiastical) | 21,176 | 30,210 |
| Chapel Royal | — SrJames’s Palace (Ecclesiastical) | 49,988 | 50,823 |
| Sandringham | Group ofParishes (Ecclesiastical) | 87,641 | 65,904 |
| Crathte Kirk Church (Restoration of Churches) | 50,900 | - | |
| West Newton Church (Restoration ofChurches) | 50,900 | - | |
| 539,073 | 361,318 |
| Charitable | Support | 2024 | 2023 | ||
|---|---|---|---|---|---|
| Donations | Costs | Total | Total | ||
| No. | £ | £ | £ | £ | |
| Ecclesiastical | 39 | 252,857 | 1,837 | 254,694 | 236,463 |
| Education | 3 | 725,182 | 141 | 725,323 | 202,289 |
| Other | |||||
| Aged | 16 | 8,800 | 754 | 9,554 | 11,734 |
| Animals | 20 | 6,650 | 942 | 7,592 | 7,105 |
| Armed Services | 43 | 15,100 | 2,025 | 17,125 | 14,728 |
| Children & Youth | 40 | 17,350 | 1,884 | 19,234 | 18,083 |
| Cultural | 18 | 18,060 | 848 | 18,908 | 9,792 |
| Disabled | 21 | 7,050 | 989 | 8,039 | 7,528 |
| Environment | 10 | 9,720 | 471 | 10,191 | 6,128 |
| Family Welfare | 9 | 38,375 | 424 | 38,799 | 2,32 |
| Hospices & l-lospirals | 11 | 7,800 | 516 | 8,318 | 11,050 |
| I\ledical Research | 9 | 3,900 | 424 | 4,324 | 4,428 |
| Medical Welfare | 14 | 6,150 | 659 | 7,109 | 5,423 |
| Overseas Aid | 6 | 35,900 | 283 | 36,183 | 46,046 |
| Restoration of Cathedrals & Churches | 4 | 102,650 | 188 | 102,838 | 5,823 |
| Royal Almonrv | 1 | 8,684 | 47 | 8,731 | 5,598 |
| Social\clfare | 19 | 101,318 | 895 | 102,213 | 6,946 |
| Sport | 22 | 9,550 | 1,036 | 10,586 | 7,528 |
| Trades & Professions | 29 | 12,400 | 1,366 | 13,766 | 13,060 |
| Volunran’ Services | 6 | 2, L50 | 283 | 2,433 | 2,284 |
| 340 | 1,389,946 | 16,014 | 1,405,960 | 626,768 |
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| C’hodsters’Schoollees/TheKing’s ChoristerScholarship | ||
| Amounts payable | ||
| Commitments at I .\pril | 150,024 | 160,845 |
| Commitments made in the year | 508,865 | 29,421 |
| Commitments written back in the year | - | - |
| Charged / (credited) to statement of financial activities | 508,865 | 190,266 |
| Paid in the year | (44,279) | (40,242) |
| Commitments at 31 March | 614,610 | 150,024 |
| C’ommitmentsat31March areparable: | ||
| Xithin one year | 57,609 | 40,598 |
| After more than one year | 557,001 | 109,426 |
| 614,610 | 150,024 |
| Note | s (vntinzied) | ||||
|---|---|---|---|---|---|
| 5 | Investments | ||||
| Cost at | MarketValue | Cost at | Market Value | ||
| 31 March | at 31 March | 3 1 March | at 31 March | ||
| 2024 | 2024 | 2023 | 2023 | ||
| £ | £ | £ | £ | ||
| UK listed investments | 6,416,135 | 5,526,275 | 5,099,529 | 5,094,916 | |
| 6,416,135 | 5,526,275 | 5,099,529 | 5,094,916 | ||
| Cash | held by investment managers | 489,100 | 489,100 | 203,256 | 203,256 |
| 6,905,235 | 6,015,375 | 5,302,785 | 5,298,172 |
| 2024 | |
|---|---|
| £ | |
| Opening marketvalue of investments | 5,094,916 |
| Movement in fund proportion | 146,728 |
| Unrealised gain | 284,631 |
| Closing market value ofinvestments | 5,526,275 |
| 7 | Receivables | ||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Receivables | 6,246 | 1,601 | |
| 6,246 | 1,601 | ||
| 8 | Current liabilities: amounts falling due within one year | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Purchase ledger | 146,531 | 78,408 | |
| Donations payable | 305,161 | 202,598 | |
| Accruals | 65,326 | 45,924 | |
| Sundry Creditors | 100 | 3,507 | |
| 517,118 | 330,437 | ||
| 9 | Payables: amounts falling due after more than one year | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Donations payable | 557,001 | 109,126 | |
| 557,001 | 109,126 |
| 10 | Analysis ofchanges in net debt | |||
|---|---|---|---|---|
| 1April | Cash | 31 March | ||
| 2023 | flows | 2024 | ||
| £ | £ | £ | ||
| Cash | and cash equivalents | 417,010 | 197,824 | 614,834 |
| 417,010 | 197,824 | 614,834 |
| Opening | Income | Expenditure | Gains / | Closing | |
|---|---|---|---|---|---|
| balance at | (losses) | balance at | |||
| lApril | 31 March | ||||
| 2023 | 2024 | ||||
| £ | £ | £ | £ | £ | |
| Unrestricted Funds | 5,073,664 | 1,128,796 | (1,413,855) | 284,631 | 5,073,236 |
| 5,073,664 | 1,128,796 | (1,390,586) | 284,631 | 5,073,236 | |
| Year ended 31” March 2023 | |||||
| Opening | Income | Expenditure | Gains / | Closing | |
| balance at | (losses) | balance at | |||
| 1 April | 31 March | ||||
| 2022 | 2023 | ||||
| £ | £ | £ | £ | £ | |
| L:nrestr,cted Funds | 5,197,480 | 849,537 | (634,732) | (338,621) | 5,03,664 |
| 5197,480 | 849,537 | (634,732) | (338,621) | 5,073,664 |
| Balance atyear | Balance atyear | Transactions in | Transactions in | Details oftransaction | |
|---|---|---|---|---|---|
| end | the | year | |||
| £ | 2024 | 2023 | 2024 | 2023 | |
| Royal Collection | Donation ofincome from RCT, net of | ||||
| Thist (RCT) | (3,564) | (3,508) | 772,749 | 515,195 | expenses, from the admission to Queen |
| Mary’s Dolls’ I-louse. Windsor Castle. | |||||
| Prin’ Purse (PP) | (8,495) | - | (8,495) | (4,619) | Recharge for Maundv Purses. |
| 1-listonc Royal Palaces (1 IRP) |
-39,694 | (2,810) | 39,694 | (r,s1o) | Recharge for salaries of shared employees. |
| F FM Chapel Royal, St. James’s Palace (1-IMCR) |
829 | 152 | 829 | 1,143 | Recharge for salaries ofshared employees and flower expenditure. |
| Nhlitan Knights of Windsor (MKW) |
350 | - | - 3D0 |
- flU |
Donation made annually. |
| Treasurer to The King (Ti K) |
— | 170 | (30,118) | 470 | Recharge for rent, utilities and flower expenditure relating to 1-IMCR. |