THE PRINCE ANDREW CHARITABLE TRUST

Charity number: 290140
Removed charity

Charity overview

Activities - how the charity spends its money

The Prince Andrew charitable Trust uses its resources to create initiatives which support the work of The Duke of York's main areas of activity: Education and Skills, Entrepreneurship, Science, Technology and Engineering.

Income and expenditure

Data for financial year ending 31 March 2020

Total income:
£1,418,028

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Donations and legacies £0
Charitable activities £457.73k
Other trading activities £582.71k
Investments £22.07k
Other £355.52k

Total expenditure:
£1,056,968

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Raising funds £543.60k
Charitable activities £513.37k
Other £0

£98,781 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 £543.60k
Charitable expenditure £513.37k
Retained for future use £361.06k

Fundraising

This charity does not raise funds from the public

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

One or more trustees receive payments or benefits from the charity for another benefit.

What, who, how, where

Main way of carrying out purposes is grant making
What the charity does:
  • General Charitable Purposes
  • Education/training
Who the charity helps:
  • Children/young People
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Organisations
  • Provides Services
  • Provides Advocacy/advice/information
  • Other Charitable Activities
Where the charity operates:
  • Throughout England And Wales

Governance

Registration history:
  • 31 August 1984: Standard registration
  • 10 November 2021: Removed (Ceased to exist)
Organisation type:
Trust
Other names:

No other names

Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Complaints handling
  • Conflicting interests
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding vulnerable beneficiaries
  • Volunteer management
Land and property:
This charity does not own and/or lease land or property

Financial history

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Financial period end date

Income / Expenditure 31/03/2016 31/03/2017 31/03/2018 31/03/2019 31/03/2020
Total gross income £765.95k £1.00m £1.40m £1.42m £1.42m
Total expenditure £836.47k £998.49k £1.31m £1.33m £1.06m
Income from government contracts £0 £0 N/A N/A N/A
Income from government grants £0 £0 N/A N/A N/A
Income - Donations and legacies £84.28k £49.21k £0 £0 £0
Income - Other trading activities £641.98k £925.14k £1.38m £840.66k £582.71k
Income - Charitable activities £0 £0 £0 £554.71k £457.73k
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £39.69k £26.09k £21.74k £22.32k £22.07k
Income - Other £0 £0 £0 £0 £355.52k
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £161.62k £69.98k £42.14k £575.58k £513.37k
Expenditure - Raising funds £672.30k £916.24k £1.24m £732.20k £543.60k
Expenditure - Governance £30.59k £20.84k £27.35k £20.87k £46.14k
Expenditure - Grants institution £0 £49.14k £14.79k £0 £9.50k
Expenditure - Investment management £5.15k £5.16k £5.59k £5.67k £5.66k
Expenditure - Other £2.55k £12.26k £28.00k £20.50k £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 31/03/2016 31/03/2017 31/03/2018 31/03/2019 31/03/2020
Own use assets £4.86k £2.43k £1.34k £908 £3.10k
Long-term investments £667.99k £758.28k £734.42k £0 £0
Other assets £1.01m £1.36m £1.55m £1.51m £1.82m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £927.90k £1.27m £1.36m £600.29k £451.36k

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 2021 Not submitted
Accounts and TAR 31 March 2021 Not submitted
Annual return 31 March 2020 30 January 2021 On Time
Accounts and TAR 31 March 2020 30 January 2021 On Time
Annual return 31 March 2019 22 April 2020 82 days late
Accounts and TAR 31 March 2019 22 April 2020 82 days late
Annual return 31 March 2018 30 January 2019 On Time
Accounts and TAR 31 March 2018 30 January 2019 On Time

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.

SETTLEMENT DATED 16TH MARCH 1984

Charitable objects

SUCH CHARITABLE BODIES OR FOR SUCH OTHER PURPOSES AS SHALL BE EXCLUSIVELY CHARITABE AS THE TRUSTEES MAY FROM TIME TO TIME DECIDE.

Area of benefit

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

NOT DEFINED