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|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|





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||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<br>fund before net gains /<br>(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|





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||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|





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|||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<br>—|203,256.|
|||614,834|117,010|





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||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|



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||2024|2023|
|---|---|---|
||£|£|
|UK Listed Investments|223,590|215,987|
|Bank interest|18,960|3,962|
||242,550|219,949|



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|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|





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|||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|





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||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|






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|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|





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|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|





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|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|



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||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|





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||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<br>(1 IRP)|-39,694|(2,810)|39,694|(r,s1o)|Recharge for salaries of shared<br>employees.|
|F FM Chapel Royal, St.<br>James’s Palace<br>(1-IMCR)|829|152|829|1,143|Recharge for salaries ofshared<br>employees and flower expenditure.|
|Nhlitan Knights of<br>Windsor (MKW)|350|-|-<br>3D0|-<br>flU|Donation made annually.|
|Treasurer to The<br>King (Ti K)|—|170|(30,118)|470|Recharge for rent, utilities and flower<br>expenditure relating to 1-IMCR.|



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