2021-12-31-accounts - The Provincial Grand Lodge Of Devonshire Benevolent Fund

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		Page
Charity Reference and Administrative	Details
Trustees Annual Report		3-7
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet		10
Notes to the Financial Statements		11-18
Appendix 1 —Grants Paid to Institutions		19

Charity Registration	Charity Registration	269363
Trustees		MICHAEL G WALKER
		FRANK HANDSCOMBE BEM
		DAVID WHEATON MA (OXON)
		NICHOLAS BALL
		COUN C GALE
		ANDREW W A VODDEN MBE
		THOMAS 8 WHITE
		ROBERT C MUNRO
		DR REUBEN AYRES D.M, F.R.C.P.
		MARTIN F ELLIOTT F.C.P.A.
Chairman		NICHOLAS BALL
Treasurer		MARTIN ELUOTT F.C.Pit.
Registered	Office	PROVINCIAL GRAND LODGE	OF DEVONSHIRE
		UNIT 7, HARRIER COURT, EXETER, EXS2DR
Independent	Examiner	PEPLOWS LIMITED,
		CHARTERED ACCOUNTANTS	AND REGISTERED AUDITORS
		MOORGATE HOUSE, KING STREET, NEWTON ABBOT
		TQ12 2LG
Solidtors		VEITCH PENNY SOLICITORS
		1,MANOR COURT, DIX'5 FIELD, EXETER EX11UP
Bankers		CAF BANK LTD.
		25, KINGS HILL AVENUE, KINGS HILL, WEST MALLING,
		KENT. ME194JQ
		NATWEST
		59, HIGH STREET,
		EXETER, EX43DL
Investment	Managers	BREWIN DOLPHIN SECURITIES LTD
		VANTAGE POINT, WOODWATER PARK,
		EXETER EX25 FD

The format ofthe financial	statements	statements	complies with the accounting	complies with the accounting	complies with the accounting	complies with the accounting	requirement	requirement	ofthe Charities	ofthe Charities	Act 2011
and with the Statement of	Recommended			Practice	"Accounting and		Reporting	by	Charities".	The	financial
statements and the accounting policies			thus	comply	with all ofthe	current statutory			requirements		and with
the governing document.
					2021				2020
						f				6
The total Investment Income of		the
Charity (net of
fund manager' s
fees) was:-					115,913				112,052
The continuing generosity	ofthe Brethren
ofthe Province is shown	by the	level
ofthe donations (gifts) received,
which was
					3,690				1,427
Management and administrative		expenses
were:-					3,588				3,723
The market value ofthe investments			held	at the
end ofthe year was:—					5,632,937				5,145,082

				Unrestricted	Endowment	Total		Total
				Funds	Funds	Funds		Funds
							E	E
							2021	2020
income and	Endowments	From:
			Note
0onatlons and Legacies			2	44,179	120		44,299	1,427
Investments			3	67,453	48,460		115,913	141,294
Total Income	and Endowments			111,632	48,580		160,212	142,721
Expenditure	On:
Charitable Activities			5	22,290	24,140		46,430	40,640
Other				21,541	15,479		37,020	32,965
Total Expenditure				43,831	39,619		83,450	73,605
Net Income/(Expenditure)
before other	recognised			67,801	8,961		76,762	69,116
gains/losses
Net Gain/ Loss on investments				371,121	266,654		637,775	172,455
Net
Income/Oefklt				438,922	275,615		714,537	241,571
Reconcllladon ofFunds:
Total Funds	Brought Forward		12	3,296,528	2,364,767		5,661,295	5,419,724
Total Funds	Carried Forward		12	3,735,450	2,640,382			5,661,295

			2021	2020
Fixed Assets
Investments			5,632,937	5,145,082
			5,632,937	5,145,082
Current Assets
Debtors
Cash at Bank	and In hand		742,895	516,213
			742,895	516,213
Creditors: Falling due within one year
Net Current
Assets			742,895	516,213
Net Assets
			6,375,832	5,661,295
Charity Funds
Endowment	Funds
Permanent	Endowment		2,561,427	2,308,632
Expendable	Endowment		78,955	56,135
Unrestricted
Funds			3,735,450	3,296,528
		12	6,375,832	5,661,295

						2021	2020
						6	f
Gifts						3,690	1,427
Legacies						40489
						44 179	1427
Note 3	Income from Investments
						2021	2020
						f	f
Dividends		—equities				115,867	140,989
Interest	—deposits					46	305
						115913	141294
Note 4	Investment		management		costs
						2021	2020
						6	f
Investment		management		fees		3 432	29 242

		Grant	Grant	Funding		Support Costs	Support Costs	Total	Total
								2021f	2020 f
Collection and distribution
ofcharitable donations				46430				46 43	40 640
There are no support costs		directly attributable			to the	grant funding.
Note 6	Allocation ofsupport costs
Support	costs Basis	ofAllocation			Raising	Governance		Tote I	Total
					Funds			2021	2020
					f		f	f	f
Finance		Full				122		122	60
Office Costs		Full				340		340	274
Other (Insurance)		Full				149		149	149
Total							611	6 1	483
Note 7	Governance Costs							2021 f	2020 f
Examiner's Remuneration		(Including	expenses)					2,977	3,240
Support	costs (from note 6above)							6~11
								3 588	3 72B
Note 8	Analysis ofGrants
		Grants to Institutions			Grants to Individuals			Total	Total
				f		f		2021	2020
								f	f
Collection and distribution
Of donations				43390		3	040	46430	40 640

						Usted Investments	Usted Investments
							f
Valuation	at	1January 2021				5)145,082
Additions						1,307,757
Disposals						(1,457,677)
Revaluation						~637	775
Valuation	at	31December 2021				5 632	937
Investments		at fair value:
					2021	2020
					E	f
Equities					3,996,452	3,598,382
Securities					1,332,941	1,195,994
Property	within the managed		investment	portfolio	170,278	140,399
Other					133.266	210307
					5 632937	5145082

ear e	nded 31~December 2021	nded 31~December 2021
Note	13 Analysis ofnet assets between funds
		Unrestricted	Endowment
		Funds	Funds	Total
		E		E
Fixed	assets Investments	3,071,510	2,561,427	5,632,937
Cash	and current investments	663,940	78,955	742,895
		3,735,450	2,640,382	6,375,832

Note 14	Finandal Instruments
					2021
					E
Flnandal	Assets
Measured	at fair value through	net expenditure:
Fixed	asset listed Investment		(note 11)		5,632,937	5,145,082
Net gains	and (losses) on investments			held at fair value were	637,775	172,455

Provincial Grand Lodge of Devonshire Benevolent Fund Appendix 1tothe Financial Statements Year ended 31"December 2021	Provincial Grand Lodge of Devonshire Benevolent Fund Appendix 1tothe Financial Statements Year ended 31"December 2021	Provincial Grand Lodge of Devonshire Benevolent Fund Appendix 1tothe Financial Statements Year ended 31"December 2021	Provincial Grand Lodge of Devonshire Benevolent Fund Appendix 1tothe Financial Statements Year ended 31"December 2021
Donation &Name ofCharity or Local Organisatlon
Chemohero				830
Memory Matters Foundation				830
Plymouth & District Bowel Cancer	Support	Group		830
Widows Assistance				1,040
The Daisy Garland				830
Neuron Disease Association				830
Children's Hospice South West				830
Force Exeter				830
Southernhay Child Contact Centre				830
Mary Magdalen Church				500
South Molton Judo Club				500
South Molton Town Band				500
South Molton Martial Arts				500
The Deaf Academy Exmouth				2,500
Personal Assistance				500
Personal Assistance				500
Devon Community Foundation				7,500
Simon Wills co-ordlnator for Indian	Children's		Charity	1,250
Newton &Noss Village Hall				750
StAndrew Methodist Church Torquay				750
Appledore Book Festival				750
Everything Okehampton				750
South Molten Town Band				1,000
Topsham Museum				750
Meadowslde Newton Abbot				750
Centre Stage Youth Group				1,000
East Devon Support Group for Parkinsons		Disease		1,000
Personal Assistance				1,000
Edwin Davis Memorial Community	Interest			1,000
Plymouth Food Bank				1,000
EDBF(Pipe up)				1,000
4e Crediton Brownies				1,000
Erne Valley Riding for the Disabled				1,000
Tavlstock Heritage Trust 1"Holsworthy Scout Group				1,000 1,000
Sense Devon Group				1,000
Highground				1,000
Wlnklelgh War Memorial				1,000
Mary Magdalen Church				1,000
South Molton Judo Club				1,000
South Molton Martial Arts Club				1,000
Barnstaple Junior Rugby Club				1,000
South Molton Junior Football Club				1,000
Wlnkleigh War Memorial				1000