THE PRINCE CONSORT FOUNDATION

Charity number: 282816
Removed charity

Charity overview

Activities - how the charity spends its money

The large majority of the income earned through the year was distributed to charities in the musical education field, or to those in the promotion of appreciation of music. During the year the Trustees decided to transfer all the assets of the charity to the Royal College of Music (Charity No. 309268)

Income and expenditure

Data for financial year ending 31 July 2007

Total income:
£1,118,267

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Donations and legacies £0
Charitable activities £0
Other trading activities £0
Investments £268.27k
Other £850.00k

Total expenditure:
£9,355,182

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Raising funds £0
Charitable activities £9.33m
Other £0

£373,866 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 £21.33k
Charitable expenditure £9.33m

Fundraising

No information available

Trading

No information available

Trustee payments

No information available

What, who, how, where

What the charity does:
  • Education/training
Who the charity helps:
  • Other Charities Or Voluntary Bodies
How the charity helps:
  • Makes Grants To Organisations
Where the charity operates:
  • Throughout England And Wales

Governance

Registration history:
  • 22 July 1981: Standard registration
  • 06 May 2008: Removed (Ceased to exist)
Organisation type:
Other names:

No other names

Gift aid:
No information available
Other regulators:
No information available
Policies:
No policies declared
Land and property:
No information available

Financial history

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Financial period end date

Income / Expenditure 31/07/2004 31/07/2005 31/07/2006 31/07/2007
Total gross income £1.16m £1.18m £1.27m £1.12m
Total expenditure £1.15m £1.17m £1.24m £9.36m
Income from government contracts N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A
Income - Donations and legacies N/A N/A N/A £0
Income - Other trading activities N/A N/A N/A £0
Income - Charitable activities N/A N/A N/A £0
Income - Endowments N/A N/A N/A £0
Income - Investment N/A N/A N/A £268.27k
Income - Other N/A N/A N/A £850.00k
Income - Legacies N/A N/A N/A £0
Expenditure - Charitable activities N/A N/A N/A £9.33m
Expenditure - Raising funds N/A N/A N/A N/A
Expenditure - Governance N/A N/A N/A £21.33k
Expenditure - Grants institution N/A N/A N/A £0
Expenditure - Investment management N/A N/A N/A £0
Expenditure - Other N/A N/A N/A £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 31/07/2004 31/07/2005 31/07/2006 31/07/2007
Own use assets N/A N/A N/A £0
Long-term investments N/A N/A N/A £0
Other assets N/A N/A N/A £0
Defined benefit pension scheme asset or liability N/A N/A N/A £0
Total liabilities N/A N/A N/A £0

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 July 2007 17 April 2008 On Time
Accounts and TAR 31 July 2007 16 May 2008 On Time
Annual return 31 July 2006 25 May 2007 On Time
Accounts and TAR 31 July 2006 29 May 2007 On Time
Annual return 31 July 2005 23 May 2006 On Time
Accounts and TAR 31 July 2005 25 May 2006 On Time
Annual return 31 July 2004 07 June 2005 7 days late
Accounts and TAR 31 July 2004 07 June 2005 7 days late

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.

DEED DATED 22ND MAY 1981 AS AMENDED BY AN ORDER OF THE COMMISSIONERS DATED 7TH SEPTEMBER 2006.

Charitable objects

THE PROMOTION AND FURTHERANCE OF MUSICAL EDUCATION IN THE UNITED KINGDOM OR FOR THE PROMOTION AND ENCOURAGEMENT OF THE CULTIVATION AND APPRECIATION OF MUSIC AS AN ART ANYWHERE IN THE WORLD FROM TIME TO TIME IN SUCH MANNER AS THEY SHALL IN THEIR ABSOLUTE DISCRETION DETERMINE.

Area of benefit

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

WORLDWIDE