| Contents | |||
|---|---|---|---|
| Page | |||
| Charity Reference and |
Administrative | Details | |
| Trustees Annual Report |
3-7 | ||
| Independent Examiner's Report |
|||
| Statement of Financial |
Activities | ||
| galance Sheet | 10 | ||
| Notes to the Financial | Statements | 11-18 | |
| Appendix 1 —Grants Paid to institutions |
19 |
| Trustees | MICHAEL G WALKER | ||||
|---|---|---|---|---|---|
| FRANK HANDSCOMBE BEM |
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| DAVID WHEATON MA (OXON) |
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| NICHOLAS BALL |
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| COLIN C GALE | |||||
| ANDREW W A VODDEN MBE | |||||
| THOMAS 8WHITE | |||||
| ROBERT C MUNRO | |||||
| DR REUBEN AYRES D.M. | M.R.C.P. | ||||
| MARTIN F ELLIOTT F.C.P.A. |
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| Chairman | NICHOLAS BALL |
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| Treasurer | MARTIN ELLIOTT F.C.PA. |
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| RegIstered | Office | PROVINCIAL GRAND LODGE |
OF DEVONSHIRE | ||
| UNIT 7, HARRIER COURT, | EXETER, EX52DR | ||||
| Independent | Examiner | PEPLOWS LIMITED, | |||
| CHARTERED ACCOUNTANTS | AND REGISTERED | AUDITORS | |||
| MOORGATE HOUSE, KING STREET, NEWTON |
ABBOT | ||||
| TQ12 2LG | |||||
| Bankers | CAF BANK LTD. | ||||
| 25, KINGS HILL AVENUE, | KINGS HILL, WEST MALLING, | ||||
| KENT. ME194JQ | |||||
| NATWEST | |||||
| 59, HIGH STREET, | |||||
| EXETER, EX4 3DL | |||||
| Investment | Managers | BREWIN DOLPHIN SECURITIES LTD |
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| VANTAGE POINT, WOODWATER PARK, |
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| EXETER EX2 5FD |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| f | f | ||||||
| The total Investment | Income of | the | |||||
| Charity (net of | |||||||
| fund manager' s | |||||||
| fees) was:- | 124,127 | 115,913 | |||||
| The continuing | generosity ofthe Brethren | ||||||
| ofthe Province | is shown | by the | level | ||||
| ofthe donations | (gifts) received, | ||||||
| which was | |||||||
| 2,410 | 3,690 | ||||||
| Management and administrative |
expenses | ||||||
| were:- | 5,169 | 3,588 | |||||
| The market value ofthe |
investments | held at the | |||||
| end ofthe year | was:— | 5,007,865 | 5,632,937 |
| Unrestricted | Endowment | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||||
| f | E | E | |||||
| 2022 | 2021 | ||||||
| Income and Endowments |
From: | ||||||
| Note | |||||||
| Donations and Legades |
3,816 | 60 | 3,876 | 44,299 | |||
| Investments | 72,233 | 51,894 | 124,127 | 115,913 | |||
| Total Income and Endowments | 76,049 | 51,954 | 128,003 | 160,212 | |||
| Expenditure On: |
|||||||
| Charitable Activities |
121,030 | 50,750 | 171,780 | 46,430 | |||
| Other | 21,882 | 15,724 | 37,606 | 37,020 | |||
| Total Expenditure | 142,912 | 66,474 | 209,386 | 83,450 | |||
| Net Income/(Expenditure) | |||||||
| before other recognised | (66,863) | (14,520) | (81,383) | 76,762 | |||
| gains/losses | |||||||
| Net Gain/ Loss on Investments |
(387,896) | (278,707) | (666,603) | 637,775 | |||
| Net | |||||||
| Income/Degclt | (454,759) | (293,227) | (747,986) | 714,537 | |||
| Recondliatlon of Funds: |
|||||||
| Total Funds Brought | Forward | 12 | 3,735,450 | 2,640,382 | 6,375,832 | 5,661,295 | |
| Total Funds Carried | Forward | 12 | 3,280,691 | 2,347,155 | 5,627,846 | 6,375,832 |
| ~02 | ~1 | ||||
|---|---|---|---|---|---|
| f | f | ||||
| Fixed Assets | |||||
| Investments | 5,007,865 | 5,632,937 | |||
| 5,007,865 | 5,632,937 | ||||
| Current Assets |
|||||
| Debtors | 6,660 | ||||
| Cash at Bank | and ln hand | 613,321 | 742,895 | ||
| 619,981 | 742,895 | ||||
| Creditors: Falllns due within one year | |||||
| Net Current | |||||
| Assets | 619,981 | 742,895 | |||
| Net Assets | |||||
| 5,627,846 | 6,375,832 | ||||
| Charity Funds |
|||||
| Endowment | Funds | ||||
| Permanent | Endowment | 2,269,217 | 2,561,427 | ||
| Expendable | Endowment | 77,938 | 78,955 | ||
| Unrestricted | |||||
| Funds | 3,280,691 | 3,735,450 | |||
| 12 | 5,627,846 | 6,375,832 |
| Grant | Funding | Support Costs | Total | Total | |||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| E | f | ||||||
| Collection | and distribution | ||||||
| ofcharitable | donations | 171780 | 171780 | 46 430 | |||
| There are | no | support costs | directly attributable | to the grant funding. |
| Support costs | Basis | ofAllocation | ofAllocation | Raising Funds f |
Governance 6 |
Total 2022f |
Total 2022f |
Total 2021 f |
|
|---|---|---|---|---|---|---|---|---|---|
| Finance | Full | 118 | 118 | 122 | |||||
| Office Costs | Full | 2,058 | 2,058 | 340 | |||||
| Other (Insurance) | Full | 149 | 149 | 149 | |||||
| Total | 2325 | 2 | 325 | 611 | |||||
| Note 7 Governance | Costs | 2022 f |
2021 f |
||||||
| Examiner's Remuneration |
(indudlng | expenses) | 2,844 | 2,977 | |||||
| Support costs | (from | note 6 above) | 2 | 25 | 11 | ||||
| 5 | 169 | 5 169 | |||||||
| Note 8 Analysis of | Grants | ||||||||
| Grants to Institutions | Grants to Individuals | Total | Total | ||||||
| f | 2022 | 2021 | |||||||
| f | 6 | ||||||||
| Collection and distribution |
|||||||||
| Ofdonatlons | 168 | 750 | 3 030 | 171780 | 46 430 |
| Listed Investments | ||||||||
|---|---|---|---|---|---|---|---|---|
| E | ||||||||
| Valuation | at 1January 2022 | 5,632,937 | ||||||
| Additions | 589,811 | |||||||
| Disposals | (548,280) | |||||||
| Revaluation | ~666 603 | |||||||
| Valuation | at 31December 2022 | 5007865 | ||||||
| Investments | at | fair value: | ||||||
| 2022 | 2021 | |||||||
| E | E | |||||||
| Equities | 3,387,812 | 3,996,452 | ||||||
| 5e curl ties | 1,165,907 | 1,332,941 | ||||||
| Property | within | the managed | Investment | portfolio | 128,632 | 170,278 | ||
| Other | 325514 | 133266 | ||||||
| 5007 | 5 | 5632937 |
| a | |||||||
|---|---|---|---|---|---|---|---|
| Bal01/01/22 | Income | Expend | Gain/Loss | ||||
| 31 12 22 | |||||||
| Unrestricted | |||||||
| Funds | |||||||
| Provincial | Charity | 586,703 | 15,464 | (111,027) | (62,527) | 428,613 | |
| Fortescue | Relief | 1,504,210 | 28,747 | (11,239) | (154,385) | 1,367,333 | |
| Davie Educational | 950,875 | 18,135 | (5,494) | (97,391) | 866,125 | ||
| NEWT | 693,662 | 13,703 | (15,152) | (73,593) | 618,620 | ||
| 3,735,450 | 76,049 | (142,912) | (387,896) | 3,280p691 | |||
| Restricted | Funds | ||||||
| Endowment | Funds | ||||||
| Permanent | WAKE | 2,561,427 | (13,563) | (278,707) | 2,269,217 | ||
| Expendable | WAKE | 78,955 | 51.894 | (52,911) | 77,938 | ||
| 2,640,382 | 51,954 | (66,474) | (278,707) | 2,347,155 | |||
| Fund Descriptions |
| rovincial Grand Lodge of Devonshire Benevolent Fu otes to the Financial Statements ear ended 31"December 2022 |
rovincial Grand Lodge of Devonshire Benevolent Fu otes to the Financial Statements ear ended 31"December 2022 |
nd | |
|---|---|---|---|
| Note 13 Analysis ofnet assets between funds | |||
| Unrestricted | Endowment | ||
| Funds | Funds | Total | |
| f | |||
| Fixed assets investments | 2,738,648 | 2,269,217 | 5,007,865 |
| Cash and current investments | 535,383 | 77,938 | 613,321 |
| Debtors | 6,660 | 6,660 |
| Note 14 | Financial Instruments |
||||
|---|---|---|---|---|---|
| 2021 | |||||
| f | |||||
| Financial | Assets | ||||
| Measured | at fair value through | net expenditure: | |||
| Fixed | asset listed investment | (note 11) | 5,007,865 | 5,632,937 | |
| Net gains | and (losses) on Investments | held atfair value were | (666,603) | 637,775 |
| Year ended 31"Decem | ber 2022 | ber 2022 | |
|---|---|---|---|
| Donation &Name ofCharity | or Local Organisatlon | ||
| Plymouth Round Table Ukraine Appeal U.G.L.E.Relief Chest Ukraine appeal |
2,000 | ||
| M.C.F.Devon Festival | 50,000 | ||
| Devon MCF 2023 Festival | 50,000 | ||
| South Molton Junior Football Club | 1,250 | ||
| South Molton Town Band | 1,250 | ||
| South Molton Hudo Club | 1,250 | ||
| Mary Magdalen Church South South Molton Martial Arts |
Molton | 1,000 1,250 |
|
| Masonic Widows Association | 2,500 | ||
| Whimple Victory Hall Esteem Team CIC |
1,500 2,000 |
||
| Tarka Radio | 1,500 | ||
| Crediton Red Cross Shop |
1,500 | ||
| Albare Home for Veterans | 1,500 | ||
| Mid Devon Messenger | 2,000 | ||
| Croyde Surf Life Saving Club Devon Lupus Support Group The Memory Matters Foundation |
1,500 1,500 1,500 |
||
| Beta Strep Support Group Plymouth Drake Foundation |
2,000 1,500 |
||
| Isca Academy Exeter |
1,500 | ||
| East Devon Hospice | 1,500 | ||
| Men's Shed Holsworthy | 1,500 | ||
| Exmouth &District Allotment |
Association | 1,500 | |
| Freedomwheels | 1,000 | ||
| The Chestnut Appeal |
1,000 | ||
| South Molton Martial Arts |
1,250 | ||
| Mary Magdalen Church South |
Molton | 1,200 | |
| South Molton Town Band | 1,200 | ||
| South Molton Judo Club | 1,250 | ||
| South Molton Junior Football | Club | 1,100 | |
| The Saunders Good Samaritan |
Fund | 1,500 | |
| Pipplns Pre-School Nursery Torbay Hospital Radio Force |
1,500 1,500 1,500 |
||
| C.H.S.W. Uttle Bridge House | 1,500 | ||
| Sense Devon | 1,500 | ||
| Heartl-leroes | 1,500 | ||
| Plymouth Drake Foundation R.D.& E.Charity |
1,500 1,500 |
||
| South West Blood Blkes | 1,500 | ||
| Plymouth Hospitals Charity Open Door Plymouth Exeter Gateway Centre |
1,500 1,500 1,500 |
||
| Budleigh Community Workshop Ugborough Football Club Safe &Sound Wellbelng Hub |
1,500 1,500 1,500 |
||
| Plymouth C.A.S.T. Drake Foundation 430 |
1,500 500 |
||
| Balloons Devon | 1,500 | ||
| Cheques not cashed | (2,250) 168,750 |