DUCHY OF LANCASTER BENEVOLENT FUND

Charity number: 1026752
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

To support charitable causes in the County Palatine of Lancaster, in the administrative counties of Lancashire, Greater Manchester and Merseyside, and elsewhere in the country where the Duchy of Lancaster has historical links.

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£1,493,338

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Donations and legacies £1.49m
Charitable activities £0
Other trading activities £0
Investments £0
Other £0

Total expenditure:
£1,602,757

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Raising funds £72.35k
Charitable activities £1.53m
Other £0

£1,119,362 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £72.35k
Charitable expenditure £1.53m

People

6 Trustee(s)

Employees with total benefits over £60,000

No information available

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

Main way of carrying out purposes is grant making
What the charity does:
  • General Charitable Purposes
  • Education/training
  • The Advancement Of Health Or Saving Of Lives
  • Disability
  • The Prevention Or Relief Of Poverty
  • Accommodation/housing
  • Religious Activities
  • Arts/culture/heritage/science
  • Amateur Sport
  • Animals
  • Environment/conservation/heritage
  • Economic/community Development/employment
  • Recreation
  • Other Charitable Purposes
Who the charity helps:
  • Children/young People
  • Elderly/old People
  • People With Disabilities
  • Other Charities Or Voluntary Bodies
How the charity helps:
  • Makes Grants To Individuals
  • Makes Grants To Organisations
Where the charity operates:
  • Throughout England And Wales

Governance

Registration history:
  • 01 October 1993: Standard registration
Organisation type:
Other
Other names:

No other names

Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Risk management
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
Land and property:
This charity does not own and/or lease land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

6 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Amanda Parker Trustee 01 August 2023
None on record
Diane Hawkins DLJP Trustee 04 July 2022
None on record
The Hon Mr. Justice Timothy Fancourt Trustee 01 October 2021
None on record
Sonia Tolaney Trustee 30 October 2020
None on record
SIR MICHAEL JOHN STEVENS KCVO FCA Trustee 01 January 2018
THE PRIVY PURSE CHARITABLE TRUST
Received: On time
Duke of Lancaster's Foundation
Received: On time
THE MILITARY KNIGHTS OF WINDSOR WIDOWS, ORPHANS AND SUPERNUMARY KNIGHTS BENEVOLENT FUND
Received: On time
MILITARY KNIGHTS OF WINDSOR CHARITY
Received: On time
MARK BLUNDELL Trustee 14 September 2017
None on record

Financial history

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Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £477.90k £361.71k £510.88k £938.09k £1.39m
Total expenditure £560.59k £1.12m £620.12k £1.06m £1.60m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies N/A N/A £100.00k £520.00k £1.49m
Income - Other trading activities N/A N/A £0 £0 £0
Income - Charitable activities N/A N/A £0 £0 £0
Income - Endowments N/A N/A £0 £0 £100.00k
Income - Investment N/A N/A £410.88k £418.09k £0
Income - Other N/A N/A £0 £0 £0
Income - Legacies N/A N/A £0 £0 £0
Expenditure - Charitable activities N/A N/A £620.12k £988.14k £1.53m
Expenditure - Raising funds N/A N/A £0 £70.67k £72.35k
Expenditure - Governance N/A N/A £26.12k £29.61k £33.26k
Expenditure - Grants institution N/A N/A £594.01k £958.54k £1.50m
Expenditure - Investment management N/A N/A £0 £70.67k £72.35k
Expenditure - Other N/A N/A £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Own use assets N/A N/A £0 £0 £0
Long-term investments N/A N/A £18.20m £17.82m £18.87m
Other assets N/A N/A £284.09k £209.50k £212.84k
Defined benefit pension scheme asset or liability N/A N/A £0 £0 £0
Total liabilities N/A N/A £74.08k £49.54k £89.96k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2024 03 December 2024 On Time
Accounts and TAR 31 March 2024 03 December 2024 On Time Download Open in new window
Annual return 31 March 2023 18 January 2024 On Time
Accounts and TAR 31 March 2023 18 January 2024 On Time Download Open in new window
Annual return 31 March 2022 15 November 2022 On Time
Accounts and TAR 31 March 2022 15 November 2022 On Time Download Open in new window
Annual return 31 March 2021 31 January 2022 On Time
Accounts and TAR 31 March 2021 31 January 2022 On Time Download Open in new window
Annual return 31 March 2020 26 January 2021 On Time
Accounts and TAR 31 March 2020 26 January 2021 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

DECLARATION OF TRUST DATED 29 SEPTEMBER 1993 AS AMENDED BY DEEDS OF VARIATION DATED 31 MAY 1994, 30 JANUARY 1998 AND 14 OCTOBER 2004.

Charitable objects

TO OR FOR SUCH CHARITIES (FOR THEIR GENERAL PURPOSES OR FOR ANY SPECIAL PURPOSES IN EITHER CASE BEING QUALIFYING CHARITABLE PURPOSES) AND IN OR TOWARDS SUCH QUALIFYING CHARITABLE PURPOSES AS THE TRUSTEES SHALL FROM TIME TO TIME DETERMINE (FOR FURTHER DETAILS SEE DECLARATION OF TRUST )

Area of benefit

The area the charity can operate in, as set out in its governing document.

THE COUNTIES LANCASHIRE, GREAT MANCHESTER, AND MERSEYSIDE

Contact information

Address:
DUCHY OF LANCASTER
1 LANCASTER PLACE
LONDON
WC2E 7ED
Phone:
02072691700
Email:
info@duchyoflancaster.co.uk
Website:

No information available