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|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|
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|Trustees||MICHAEL G WALKER||||
|---|---|---|---|---|---|
|||FRANK HANDSCOMBE
BEM||||
|||DAVID WHEATON
MA (OXON)||||
|||NICHOLAS
BALL||||
|||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.||||
|Chairman||NICHOLAS
BALL||||
|Treasurer||MARTIN
ELLIOTT F.C.PA.||||
|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||||
|||VANTAGE POINT, WOODWATER
PARK,||||
|||EXETER EX2 5FD||||
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|||||||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|
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|||||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|
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||||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|
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|||||||||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|
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||||||||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|