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1079618

	registered interest
	date	01/03/2019
	answering body	Attorney General
	answering dept id	88
	answering dept short name	Attorney General
	answering dept sort name	Attorney General
	hansard heading	National Fund
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether they hold information about the identity of the donor who set up the National Fund.
	tabling member printed	Baroness Hayter of Kentish Town
	uin	HL14160
	answer	answer is ministerial correction date of answer 14/03/2019 answer text <p>The National Fund was set up by a trust deed in 1928. The Fund is held on trust for the purpose of reducing the National Debt.</p><p>The 1928 deed does not record who the founder was, and it is apparent from accompanying documents that they wished to remain anonymous.</p><p>Her Majesty’s Government therefore does not hold information about the identity of the donor who set up the Fund.</p> answering member printed Lord Keen of Elie question first answered 14/03/2019 17:12:40 answering member 4538 label Biography information for Lord Keen of Elie
	tabling member	4159 label Biography information for Baroness Hayter of Kentish Town

1079620

	registered interest
	date	01/03/2019
	answering body	Attorney General
	answering dept id	88
	answering dept short name	Attorney General
	answering dept sort name	Attorney General
	hansard heading	National Fund
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether the Attorney General’s application to the High Court to release the assets of the National Fund has now been concluded; and if so, how those assets are shown in HM Treasury’s accounts.
	tabling member printed	Baroness Hayter of Kentish Town
	uin	HL14162
	answer	answer is ministerial correction date of answer 14/03/2019 answer text <p>The National Fund was set up by a trust deed in 1928. The Fund is held on trust for the purpose of reducing the National Debt. According to expert evidence, there is no realistic prospect of the Fund ever amounting to a sum sufficient to pay off the whole of the National Debt.</p><p>The application made by the then Attorney General to the High Court on 22nd May 2018, to release the assets of the National Fund in order to pay down national debt, has not yet concluded. In February 2019 the High Court Listing Officer allocated a three day hearing during a five day window starting on 18 November 2019.</p> answering member printed Lord Keen of Elie question first answered 14/03/2019 17:10:09 answering member 4538 label Biography information for Lord Keen of Elie
	tabling member	4159 label Biography information for Baroness Hayter of Kentish Town

1179861

	registered interest
	date	24/02/2020
	answering body	Attorney General
	answering dept id	88
	answering dept short name	Attorney General
	answering dept sort name	Attorney General
	hansard heading	National Fund
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what action they intend to take, if any, in regard to the National Fund.
	tabling member printed	Lord De Mauley
	uin	HL1729
	answer	answer is ministerial correction date of answer 05/03/2020 answer text <p>The National Fund was created in 1928 with the purpose of paying off the entire national debt. At present the fund cannot be used unless it completely clears the national debt, due to the terms of the fund’s charitable trust.</p><p> </p><p>On 22 May 2018 my predecessor made an application to the High Court to vary the terms of the charitable trust so that the National Fund can be used to help pay down the national debt.</p><p> </p><p>It is now for the High Court to decide whether the terms of the charitable trust should be varied. If the application is successful the money in the fund will be paid over to the National Debt Commissioners towards the reduction of the national debt.</p><p> </p><p>A hearing of the claim is due to take place in October.</p><p /><p /> <p> </p> answering member printed Lord Keen of Elie question first answered 05/03/2020 12:24:53 answering member 4538 label Biography information for Lord Keen of Elie
	tabling member	2202 label Biography information for Lord De Mauley

1183431

	registered interest
	date	09/03/2020
	answering body	Attorney General
	answering dept id	88
	answering dept short name	Attorney General
	answering dept sort name	Attorney General
	hansard heading	National Fund
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government, further to the Written Answer by Lord Keen of Elie on 14 March 2019 (HL14162), what was the outcome of the Attorney General’s application to the High Court on 22 May 2018 to release the assets of the National Fund; and whether that charity’s up-to-date accounts have been filed with the Charity Commission.
	tabling member printed	Baroness Hayter of Kentish Town
	uin	HL2334
	answer	answer is ministerial correction date of answer 17/03/2020 answer text <p>The National Fund was created in 1928 with the purpose of paying off the entire national debt. At present the fund cannot be used unless it completely clears the national debt, due to the terms of the fund’s charitable trust.</p><p> </p><p>On 22 May 2018 the then Attorney General made an application to the High Court to vary the terms of the charitable trust so that the National Fund can be used to help pay down the national debt.</p><p> </p><p>It is now for the High Court to decide whether the terms of the charitable trust should be varied. If the application is successful the money in the fund will be paid over to the National Debt Commissioners towards the reduction of the national debt.</p><p> </p><p>The hearing in the High Court is scheduled for October 2020.</p><p> </p><p>The website of the Charity Commission indicates that the accounts of the National Fund for 05 April 2019 are overdue.</p> answering member printed Lord Keen of Elie question first answered 17/03/2020 11:36:50 answering member 4538 label Biography information for Lord Keen of Elie
	tabling member	4159 label Biography information for Baroness Hayter of Kentish Town

1203569

	registered interest
	date	15/06/2020
	answering body	Attorney General
	answering dept id	88
	answering dept short name	Attorney General
	answering dept sort name	Attorney General
	hansard heading	National Fund
	house id	2
	legislature	25277 pref label House of Lords
	question text	Her Majesty's Government, further to the Written Answer by Lord Keen of Elie on 17 March (HL2334), when they first became aware of a request from a relative of the donor to return the money in the National Fund to the family; and whether they intend to make any change to the Attorney General's application to release the funds as a result.
	tabling member printed	Baroness Hayter of Kentish Town
	uin	HL5676
	answer	answer is ministerial correction date of answer 29/06/2020 answer text <p>In October 2019 the Attorney General’s Office was contacted by representatives of an individual who claimed to be a descendent of the anonymous donor that established the National Fund. They also claimed that the trust was void ab initio and that unless the court finds that the donor had a “paramount charitable intent”, the Fund belongs to his residuary estate.</p><p> </p><p>The individual subsequently applied to join the proceedings initiated by the Attorney General in May 2018, in order to represent the interests of all persons who are or may be or become entitled to share in the residuary estate of the donor. In January 2020 the Court ordered that this individual be joined to the proceedings and that they serve evidence in support of their claim.</p><p> </p><p>The Attorney General remains of the view that the trust establishing the National Fund is valid and its purposes exclusively charitable.</p><p> </p><p>It is now for the High Court to determine the individual’s claims and decide whether the terms of the charitable trust should be varied as sought by the Attorney General. If the Attorney General’s application is successful the money in the fund will be paid over to the National Debt Commissioners towards the reduction of the national debt.</p><p> </p><p>The hearing in the High Court is scheduled for October 2020.</p> answering member printed Lord Keen of Elie question first answered 29/06/2020 11:16:41 answering member 4538 label Biography information for Lord Keen of Elie
	tabling member	4159 label Biography information for Baroness Hayter of Kentish Town

1079619

	registered interest
	date	01/03/2019
	answering body	Department for Digital, Culture, Media and Sport
	answering dept id	10
	answering dept short name	Digital, Culture, Media and Sport
	answering dept sort name	Digital, Culture, Media and Sport
	hansard heading	National Fund
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what was the value of the National Fund in each of the last 30 years.
	tabling member printed	Baroness Hayter of Kentish Town
	uin	HL14161
	answer	answer is ministerial correction date of answer 14/03/2019 answer text <p>The total value of the National Fund (registered charity number 1046814) in each of the last 30 years is outlined in the table. This information is drawn from the annual return and accounts made by the charity to the Charity Commission.</p><p> </p><p>Further information about this charity can be found on the Commission’s Register of Charities – <a href="http://beta.charitycommission.gov.uk/charity-details/?regid=1046814&amp;subid=0" target="_blank">http://beta.charitycommission.gov.uk/charity-details/?regid=1046814&amp;subid=0</a></p><p> </p><p> </p><table><tbody><tr><td><p><strong>Year</strong></p></td><td><p><strong>Value</strong></p></td></tr><tr><td><p>31st March 1989</p></td><td><p>£69,300,504</p></td></tr><tr><td><p>31st March 1990</p></td><td><p>£72,653,490</p></td></tr><tr><td><p>31st March 1991</p></td><td><p>£77,709,537</p></td></tr><tr><td><p>31st March 1992</p></td><td><p>£82,498,878</p></td></tr><tr><td><p>31st March 1993</p></td><td><p>£100,763,662</p></td></tr><tr><td><p>31st March 1994</p></td><td><p>£121,911,103</p></td></tr><tr><td><p>31st March 1995</p></td><td><p>£115,238,395</p></td></tr><tr><td><p>31st March 1996</p></td><td><p>£137,805,861</p></td></tr><tr><td><p>5th April 1997</p></td><td><p>£150,190,619</p></td></tr><tr><td><p>5th April 1998</p></td><td><p>£198,319,294</p></td></tr><tr><td><p>5th April 1999</p></td><td><p>£211,483,433</p></td></tr><tr><td><p>5th April 2000</p></td><td><p>£229,684,098</p></td></tr><tr><td><p>5th April 2001</p></td><td><p>£195,273,150</p></td></tr><tr><td><p>5th April 2002</p></td><td><p>£190,712,791</p></td></tr><tr><td><p>5th April 2003</p></td><td><p>£148,667,171</p></td></tr><tr><td><p>5th April 2004</p></td><td><p>£183,275,344</p></td></tr><tr><td><p>5th April 2005</p></td><td><p>£199,826,830</p></td></tr><tr><td><p>5th April 2006</p></td><td><p>£253,825,296</p></td></tr><tr><td><p>5th April 2007</p></td><td><p>£270,696,472</p></td></tr><tr><td><p>5th April 2008</p></td><td><p>£280,633,063</p></td></tr><tr><td><p>5th April 2009</p></td><td><p>£245,436,574</p></td></tr><tr><td><p>5th April 2010</p></td><td><p>£319,296,696</p></td></tr><tr><td><p>5th April 2011</p></td><td><p>£339,804,923</p></td></tr><tr><td><p>5th April 2012</p></td><td><p>£352,367,480</p></td></tr><tr><td><p>5th April 2013</p></td><td><p>£382,135,431</p></td></tr><tr><td><p>5th April 2014</p></td><td><p>£403,289,053</p></td></tr><tr><td><p>5th April 2015</p></td><td><p>£444,060,381</p></td></tr><tr><td><p>5th April 2016</p></td><td><p>£422,092,507</p></td></tr><tr><td><p>5th April 2017</p></td><td><p>£474,933,604</p></td></tr><tr><td><p>5th April 2018</p></td><td><p>£498,762,757</p></td></tr></tbody></table><p> </p><p><strong> </strong></p> answering member printed Lord Ashton of Hyde question first answered 14/03/2019 13:13:21 answering member 4247 label Biography information for Lord Ashton of Hyde
	tabling member	4159 label Biography information for Baroness Hayter of Kentish Town