Provincial Grand Lodge of Devonshire Benevolent Fund Unaudited Annual Report and Financial Statements For the Year Ended 31° December 2023 Peplows Lhnrled Reyrtered Audotors and Chartered Acuntants Mooreate House KlnK Street Newton Abbot TQ12 2LG
Provincial Grand Lodge of Devonshire Benevolent Fund Page I Financial Statements Year ended 31 December 2023 Contents Charity Reference and Admlnistrdtive Detsils Trustees Annual Report Independent Examinerf5 Report Statement of Financial Actmties Balan Sheet Notes to the Financial Statements 11-18 Appendiy l- Grants Paid to InstÉtuti
Provlncial Grand Lodge of Devonshire Benevolent Fund Trustees Annual Report Year ended 31" December 2023 Page 2 Charity Reference and Administrative Detai15 Charity Registration Number 269363 Trustees MICHAEL G WALKER DAVID WHEATON MA IOXONI NICHOLAS BALL COLIN C GALE THOMAS B WHftE Dr REUBEN AYRES D.M. M.R.C.P. MARnN F ELLIOTh F.C.P.A. ROBERT C MUNRO ANDREW WAVODDEN MBE FRANK HANDSCOMBE BEM Ipa55ed away 14 December 20231 Chalmian NICHOLiS BALL Treasurer MARTIN ELLIOTh F.C.PA. Registered Offi PROVINCIAL GRAND LODGE OF DEVONSHIRE UNIT 7. HARRIER COURT, EXETER. EXS 2DR Independent Examlner PEPLOWS LIMttED, CHARTERED ACCOUNTANTS AND REGIERED AUDITORS MOORGATE HOUSE. KING STREET. NEV¥TON ABBOT TQ12 2LG Bankers CAF BANK LTD. 25, KINGS HILLAVENUE. KINGS HILL. WEST MALLING. KENT. ME19 4JQ NATWEST 59, HIGH 5fREET, EXETER. EX4 3DL Investment Managers RBC BREWIN t)OLPHIN LTD. VANTAGE POINT, WOODWATER PARK. EXETER EX2 5FD
Provincial Grdnd Lodge of Devonshire Benevolent Fund Trustees Annual Report (Continued) Year ended 31" December 2023 Page 3 The Trustees present their report and the financial statements of the charity for the year ended 31 December 2023. The trustee5 have adopted the provisions of the Statement of Recommended Practice ISORPI 'Accounting and Reporting by Charitie< in preparing the annual report and financial statements of the Charity. Trustees of the Ch*lty The trustees who have served during the year and Since the year end are detailed in the section on Charitable Details above. Govern1 Document The Charity was formed in 1975 by resolution of the Finance commtttee of the Provisional Grand Lodge of Devonshire of Ancient and Accepted Masons of England (The Provincial Grand Lodge). Its governing document is the declaration of trust dated 3" March 1975 as amended on 5 February 2(K17 in agreement with the Charity Commissioners authority dated 26 October 2006. Objertives and Actsvities The objectNes of the Charity are the relief of poor and distressed Brother Masons. the relief of poor and distressed wdows and children of Brother Masons. also to benefit such Masonic or other Non-masonic Charities. and to provide local support for Community projects as directed by the Trustees. The principal continuing acbvitiesof the Charity are the collection of charitable donations from Brother Masons the claiming of any available income tax refunds and the making of charitable grants in accordance with the wishes of the donor Brethren or 35 directed by the Trustees. Due to the efficiency of the administrative systems and the time freely given by volunteets the administrative expenses are modest. The grant objectives are aimed at distributing all of the income. The investment w)licy is to maintain a portfolio to create an annual income for distribuiion. Public Benefft Statement During the year as in previou5 year5 various Charities were Klentified and viith the lifting of coronavirus festrictiorks, assistance was given via two functions, and Trustees visits. In all some 53 awards were made totalling £86,21012022- £171.7801. Lodges have met during thi5 year. with reduced, but improving attendance, so fund raising and assistance requests have been slow, but improving. However, amongst those benefiting this year were'.- Youth organisations and clubs. Cancer, Dementia. and other medical support Chartties. Organisations for the support of the eldedy and disadvanLiged members of the community. F(NJd banks. The Ukrainian appeals. Small local organisations in contributing towards infrastructure projects. The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefft when reviewing the CharS aims and objectives in planning future acti)rities.
Provincial Grand Lodge of Devonshire Benevolent Fund Trustees Annual Report (Continued) Year ended 31 December 2023 Page 4 Strategic Repwt Achievements, Perfomiance and Financial Review The format of the financial statements complies wrth the accounting requirement of the CharitiesAct 2011 and with the Statement of Recommended Practice "Accounting and Reporting by Charities" The financial statements and the accounting policiesthus Comp with all of the current statutory requirements and with the governing document. 2022 The total Investment Income of the Charity (net of fund managerfs fees) was.' 105,479 91,690 The continuing generosity of the Brethren of the Province is shown by the level of the donations Igiftsl received, which was'.- 30320 2,410 Management and administratNe expenses were.' 5.595 5,169 The rnarket value of the investments held at the end of the year was=_ 5.614,592 5.W7.865 The principal assets of the fund comprise stock exchange securities and deposits. The increase in fund value this year is twofoSd, consisting of a further investment of £250.LKJO. and a general upturn of markets. Qur Brokers believe the markets should show little movemerrt in 2024. except possib a small downturn. Lodges are now fully open after Covid. and although very gradually improving, attendance remains a problem. The dual effect of income and assistance requests. recognised last year, remains a concern. but is showing signs of steady improvement. Assistsnce requests have not materialised in the significant numbers that was feared. However, the Trustees are keeping the situation under review.
Provincial Grand L(Klge of Devonshire Benevolent Fund Trustee5 Annual Report (Continued) Year ended 31" Deomber 2023 Page 5 Investrnent PolE(y Statement The Investment Policy Statement was submitted to RBC Brewin Dolphin Securities Ltd in accordance with The Trustee Act 2LKK). The Policy Statement was prepared and agreed by the Trustees of The Benevolent fund and provides guidance as to how the asset management functions delegate to RBC Brewin Dolphin Securitles Ltd by the Trustees Should be exercised. The policy is reviewed on a regular basis. Investment Objertive The Tfustees intend that the real value of their assets and income be maintained and enhanced over the long term by investment in a portfolio comprised of equities. fued income stocks. indirect property investment and cash. Investment lef In order to meet these objectives the Trustees have appointed RBC Brewn Dolphin securities Ltd as their agent to manage a diversified portfolio of suitable investments on a discretionary basis. The Trustees have selected an investsnent objective of a balance between income and capital growth. As Trustees, we have considered the future sustainability of our investment portfolio and believe it is important that we invest responsibly to achieve our Chariws goals. A5 Stewards of our investments, our investment manager5 RBC Brewin Dolphin take account of a wide rdnge of environmentsl. wcial and governance factors when assessing and selecting investments for our w)rtfolio. Structure. Governance and Management Appointment of Trustees and Officers The governing document of the 3 March 1975 la5 amended) confirmed it was the responsibility of the Provinci31 Finan ComTnittee to appoint or removeTrustees. AnyTrustee so appointed. must be a member of the Provincial Grand Lodge of Devonshire. The person or persons in whom the ststutory power is vested shall then by deed, be appointed to art as a Trustee. It is the responsibility of the Trustees to prudentfy manage the activities. investment risk and administration of the funds held by the Charity. It is a150 the re5ponsibilty of the Trustees to stimulate, advise. Influen and co-or(linate, but not to dirett, the Charitable giving of all the Lodges in the Province of Devonshire. It is the general policy of the Charwty to keep administrative and managemerbt costs to the minimum level. consistent with efficient and accurate stewardship of the funds entrusted to the Charity.
Provincial Grand Lodge of Devonshire Benevolent Fund Trustees Annual Report (Continued) Year ended 31 December 2023 Page 6 Trustee Induction and Trainln8 New Trustees undergo an orientation day to brief them on their legal obligations under Charity Law, the Trustee's role in stimulating, 3(fvisin& influencing and cctrordinatin& but not directing the charitable giving of all Lodges and Brethren in the Province. Trustees are encouraged to attend appropriate external conferences and seminars where these will facilitste a greater understanding of their responsibilities and their duties to manage the investments of the Benevolent Fund in conjunction with the appointed investment managers. Risk Management The Trustee5 have 3 risk management policy and have examined the major risks which the Charity faces and confirm that systems have been estsblished to mrtigate those risks. The only major risk identified is that of investment returns on our income for the Fund which has been amply demonstrated by the extremevolatility in World stock markets, the Trustees feel that this was materiallv strengthened with the appointment of professional Investment Fund Managers and the Trustees stringent investment policy. The nature of the Benevolent Fund is such that the TTUStee5 do not see any need for a Reserves policy but this is constantly reviewed by the Trustees. Trustees Responsibllltles Statement The trustees are responsible for preparing the Trustees. Annual Report and the financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accountlng Practice). The law applicable to Charities in England & Wales requires the Tnjstees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resourtes of the Charity for that period. In preparing these fi.nancial statements the Trustees are required to- Select suitable accounting policies and then applythem consistently. Observe the methods and principa15 in the Charities SORP 2019 IFRS 102}. Make judgements and estimates that are reasonable and prudent state whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements. Prepare the financial ststements on the going COnM basis unless it is inappropriate to presume that the Charity will continue in operation.
Provincial Grand Lodge of Devonshire Benevolent Fund Trustees Annual Report (Continued) Year ended 31 December 2023 Page 7 The Trustees are responsible for keeping proper accounting records that disclose wtth reasonable accuracy at any time the financial posttion of the Chartty and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible forsafeguardingthe assets of the Chanty and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Appro¥ed by the Trustees on18 April 2024 and 8Thed on their behalf by. Chairman- Nicholas Ball- on behalf of the Tntstees. Unit 7. Harrier Coubt ExER EX5 2DR
Provincial Grand Lodge of Devonshire Benevolent Fund Independent Examinerfs Unqualified Report Year ended 31 December 2023 Page 8 Independent Examiner's Report to the Trustees of Provincial Grand Lodge of Devonshire Benevolent Fund. I report to the chartty trustees on my examination of the accounts of the charity for the year ended 31" December 2023 which are set out on pages 9 to 19. Responsibilities and basis of report As the CharItS trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Art 20111.the AcV}. I report in respert of my examination of the charivs accounts carrie(l OLrt under section 145 of the Art and in carrying out my examination I have followed all the applicable DireLtions given by the Charity Commission under section 14515llbl of the Act. Independent examinees statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in $pert of the tharity as required by section 130 of the Act. or the accounts do not accord with those records: or the atcounts do not comply with the applicable requirements concerningthe form and content of accounts set out in the Charities IAccounts and Reports) Regulations 2¢XJ8 other than any requirement that the accounts give a'true and fairVie which is not a matter considered as partof an independent examination. I have no concerns and have coffle across no other matters in connection wrth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Michuel Young FCA Peplows Limited Moorgute House King Street Newton Abbot Devon ro12 2LG i e Apn12024
Provincial Grand Lodge of Devonshire Benevolent Fund Statement of Financial Artivitles Year ended 31" December 2023 Page 9 Total FUTKIS Total Funds Funds FurK15 2023 2022 Income and Eb)dowments From". Donations and LeBa(ies 30.920 30.920 3.876 Investments 83.478 137,884 124,127 Total Income and Endowments 114,398 168,804 128,IX)3 Expendlture . Charitable Actwttses 42.460 43.750 86,210 171,780 Other 23.IX)4 14,996 37,606 Total Expenditure 65,464 58,746 124.210 209,386 Net IncomellExpendrturel before other re£ognlsed gainsllosses 48,934 {4,3401 44.594 181,3831 218,808 142,619 361.427 {666,6031 Net Gain/ Loss on Instments Net IncomelDefidt 267.742 138.279 406,021 1747.9861 Recondllation of Funds: Total Funds Brought Forward 3.280.691 2.347.155 5.627,846 6,375.832 Total Fun¢ts caled Fonward 3.548.433 2,485,434 6,033.867 5,627,846
Provincial Grand Lodge of Devonshire Benevolent Fund Balance Sheet Year ended 31" December 2023 Page 10 2023 2022 Fixed Assets Investments 5.614.592 5.1J]7.865 5.614.592 S.fX)7.865 Currert Assets Debtors Cash at Bank and in hand 413.589 613.321 419.275 619.981 Credttors: Falltng due wthin one year Net Current 419.275 619.981 Net Assets 6,033,867 5.627,846 Charity Funds Endowment Funds Permanent Endowment Expendable Endowment Unrestttcted Funds 2399.048 86.386 2.269.217 77,938 3.548,433 3.280,691 6,033,867 5.627,846 The financial statements were approved and authorised for issue bythe Board on Ilw 2024 Signed on behalf of the board of Trustees Treasurer- Ma liott F.C.PA.- on behalf of the Trustees
Provincial Grand Lodge of Devonshire Benevolent Fund Notes to the Financial Statements Page 11 st Year ended 31 December 2023 Note I Summary of signifKant accounting pofKies A-Genefal infomiatton and baslsof preparatlon The Provincial Grand Lodge of Devonsh1 is a charitable trust in the United Itingdom. The address of the reB15tered office 15 given in the charity infom)atton on pa8e 2 of these financial statements. The nature of the charivs operations and principal artNities are described in detail in the Trustees Report. The charity constitutes a public benefit entity as defined by FRS 102. The accounts lfinancial statements) have been prepared under the historical cost convention wtth items recognisetl at cost or transartion value unless Otherwise stated in the relevant notelsl tothese accounts. The financial statements have been prepared in accordance with the second edition of the Charitie5 Statement of Recommended Prdclice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 ènd the Charities Act 2011. The trustees consider that there are no material uncertaintÈes about the Trusfs ability to continue as a goin8 concern. The trust tonstitute5 3 public benefrt entity as defined by FAS 102. The financial statements are prepared on a goin8 concern basis under the historital cost convention, modified to include certain items at fairvalue. The financial statements are prepared in steding which is the fvnctional currency of the chartty and rounded to the nearest pound. The signSficant accountlng poltcies applied in the preparation of these financlal ststemènts are set out below. These policies have been consistently applied to all year5 presented unle55 Otherwise Stated. B- Funds Unrestricted fund5 are available for at the discretion of the trustees in fvrtherarKe of the genernl objectives of the charity. Deslgnated funds comprise unrestrirted funds that have been set aside by the Trustees for particular purpose5. The aims and use of each deslgnated fund a set out in the notes to the financial ststements. Endowrnent funds representthose assets which must be held pernnently bythe charity. printipallythe WAKE fund. Income arising on the endowment fund can be used in accordance with the objects of the charity and is included as endowment income. Any capktal gains or 105ses arising on the investments form part of the fund. Investment management charges and legal advice relating to the funds form part of the fund. Investment rnanagement charges and legal advice relating to the fund are charged againstthe fund.
Provincial Grand Lodge of Devonshire Benevolent Fund Notes to the Financial Statements Year ended 31 December 2023 Page 12 C- Income recOlt10n All incoming resources are included in the Statement of Financial Activities ISOFAI when the tharity is legally entitled to the Income after any performance condit6ons have been met, the awnount can be measured reliably and it is probable that the income will be recerved. For donations to be recognised the charity will have been notrfied of the amounts and the Settlement deal in writing. If there are conditions attached to the donation and this requires a level of perfomiance before entttlement can be obtained then income is deferred until those conditions are fully met or the fvlfilment uf those conditions is within the control of the charity and It is probable that they will be lfIlled. Donated fatillties and donated professional seNices are recognised in income attheirfairvalue when theireconomÈc benefit is probable. Itcan be measured reliably and the charity ha5 control over the item. Fairvalue 15 determined on the basis of the value of the gift to the charity- For example the amount the charr(y would be willing to pay In the open market for such facilitate and services. A corresponding amount is recognised in expenditure. No amount is included in the financial statements forvolunteertime in linewrth the SORP IFRS 1021. Further detail is given in the Trustee's Annual Report. For legacies, the entitlement is the earlier of the charity being notifie5 of an impending distribution of the legacy being received. At this point income is COgnISed. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On theseocca5ions. the legacy is treated as a contingent asset and dlsclosed. Investment income is eamed through holding35setsfor investment purposes such 35 shares and property- It includes dividÈnds interest and rent. Where it is not practicableto recogni5e investment manaEement costs incurred with in a scheme with reasonable accuracy the investment income 15 reported net of these costs. ft is included when the amount can be measured reliabty. Interest income is recognised usingthe effective interest method and dividend and rent income is recognised as the tharivs right to receive payment established. D- Expendlture RecoBnltlon All expenditure is accounted for on an accruals basis and has been classified under headtn8S that aggregate 311 costs related tothe category. Expenditure reco8rEised where there is a legal orton5tntrtive obligation to make payments to third parties, it is probablethat the setdement will be required and the amount of the obligation can be measured reliably. It is categorise under the following heading5= Expendire on charitsble activities indude grants awarded to institutions and individuals,. and Other expenditure represents those items not falling into the categories above including investment management fees. Irrecoverable VAT is charged as an expense 3834nst the actmty forwhich expenditure arose. Grants payable to third partles are wtthin the thargeable objeciives. Where unconditional grant5 are offered, this Is accrued as soon as the recipient is notified of the grant. as this rise to a relnable expectation that the reapient will receive the grants. Where 8rants are conditional relating to performante the grant is only accrued when any unfulfilled condit¢ons are outside of the control of the charity
Provlncial Grand Lodge of Devonshire Benevolent Fund Notes to the Financial Statements Year ended 31" Deomber 2023 Page 13 E- Supportcosts allootio Support costs are those that assist the work of the thartty but do not direct represent charitable activities and include office costs. administrative and payroll costs. They are incurred directly in support of expenditure on the object of the chaTity- Where support costs cannot be direciyy attributed to particular headings they have been added to expenditure on charitable activities on a basis consistent wTth the use of resources. The analysis of these costs is included in the notes. F- Investments Investments are recognised initially at Cost which is normally the transaction price excluding transaction costs. Subsequentlythey are measured atfair value with changes reco8nised in netgain5nosses on tnve5tments in the SOFA if the shares are publicly traded or their fair value can otherwise be measured reliabty- Other investments are measured at cost less impairment 6- Cash and bank Cash and cash equivalents comprise cash on hand and call depostts. and other short-term highly liquid investments that are readily convertible to a known amount of c35h and are subject to an insignificant risk of change in value. H - Debtovs and tredltors recetvablelpayabfe wlthln one yw. Debtor5 and creditor5 Wtth no stated interest rate and weivable or payable within one year are recorded at transartlon price. Any losses arising from impairment are recognised In expendtture. l-Tax The charity is an exempt charity wrthin the meanin8 of schedule 3 of the charities Act 2011 and is considered to pass the tests set out in Paragraph I Schedule 6 Finance Art 2010 and therefore meets the deffinition of a charitable company for UK corporation tax purposes. J-Goin8 COnM The financial statements have been prepared on a going concern basis as the trustees beliève that no material uncertainties exist. The trustees have considered the level of funds held and the experted level of income and expenditure for 12 months from avthorising these financial statements. The budgeted income and expet)diture is sufficient with the level of serveS for the charity to be able to continue as a going contern. K-judgements and kéysourcesof estlmadon uncertainty No material judgements have been made in the Pro$$ of apptyingthe aLacCOUnting poliues.
Provincial Grand Lodge of Devonshire Benevolent Fund Notes to the Financial Statements Year ended 31" December 2023 Page 14 Note 2 Income from donations and leeacie5 2023 2022 Gift5 30,920 2.410 Legacies Note 3 In¢omefrom Investhients 2023 2022 Dividends-equitles 131,778 122,230 Interest-deposits Note 4 Investment managementcosts 2023 2022 Investment management fees 347
Provincial Grand Lodge of Devonshire Benevolent Fund Notes to the Financial Statements Year ended 31 December 2023 Page 15 Note 5 Analyslsof expenditure on tharitable acbvilie5 Grnnt Fundlng Totsl 2023 Total 2022 Collection and distribution of charitable donations 171780 There are no support costs directty attributable to the grant funding. Note 6 Allocation ofsupport costs Support costs Bzsbof Allocation Raising Fund5 GOThan¢e Totsl Totsl zozz Finance Office Costs Other Ilnsurancel 117 117 23EA 128 2,058 149 128 Totsl 2325 Note 7 Governance Costs Examinerfs Remuneratbon (including expenses) Support costs (from note 6abovel 2.986 2,328 5.595 5,169 Note 8 Anafy5i5 of Grants Grnnts to Institutions Grarts to lttdl¥klua15 Total Total 2021 Collection and distribution of donations .710 86,210 171.780 Details ol the 8rants paid to institutions are disdosed in Appendix l.
Provlncial Grand Lodge of Devonshire Benevolent Fund Notes to the Financial Statements Year ended 31 December 2023 Page 16 Note 9 Employees During the yearthe charity had no12022.. Nil) employees. Note 10 fte1ed partytransacbons None of the Trustees have been paid any remuneration, receNed any other benefits orexpenses from an employment with their charity or related entity. Note 11 Flxed Asset Investsnents listed Investments Valuation at I january 2023 Addition5 Disposals Revaluation S,(K)7.865 1.195.225 1949,9251 361427 Valuatlon at 31 December 2023 5 614 592 Investments at fair value.. 2012 Equities Securities Property within the managed inve5trnent portfolio Other 3.629.613 1.395.665 134.937 3,387,812 1.165.907 128,632 325 514 92
Provinclal Grand Lodge of Devonshire Benevolent Fund Notes to the Financial Statements Year ended 31 December 2023 Page 17 Note 12 Fund retObKlllation Bal OIIOV23 Income G3in/Loss 12 23 Unrestrirted Funds Provincial Charrtv Forte5cue Relief Davie Educational NEwr 428,613 1.367,333 866.125 618.620 50.999 30,017 14,230 19.152 113.7591 (29.6) 15,4211 117.2781 52,624 78.683 37.299 50.202 518,477 1.447.027 912,233 670,696 3.280.691 IM398 165A64) 218 3,548.433 Restricted Funds Endowment Funds Permanent WAKE Expendable WAKE 2.269,217 77.938 2B47.155 112.7881 145,9581 158,7461 142,619 1399,048 86,386 142.619 2A85.434 Total Funds 627 361 033 Fund Descripth)ns A- Unrestrirted Funds The unrestricted fundscan be utilised in line with the Charivs aims and objertives. Provincial Charity Fund-this s for donations to charity as agreed by theTrustees. Davie Edutational Fund- this was formed when with the consent of the Charity Commisslon and the agreement of theTrustees and members of the Devon Masorbic Education fund (charity no. 3066931. the Devon Masonic Education fund was closed. All assets and liabilities were transferred to the ProvLsional Grand Lodge of Devonshire Benevolent fund. Fortestue Relief Fun(k this was formed when, with the consent of the Charity Commission and the agreement of the Trustees and members ofthe Province of Devonshire Widow5 and Fortescue Fund Icharity no. 2092491, the Province of Devonshire Widows and Fortescue Fund wa5 closed. All assets and liabilities were transferred to the Provincial Grand Lodge of Devonshi Benevolent Funtl. Nora Ellen Westcott (NE) Fund- by the will of the donorthe residuary estate was left to the Trustee to distribute the income and capitsl of the estate to such Charities of charitsble objects in such sha and proportions as the Trustee may select and determine. The Trustee entered into a Deed of Covenant with the Benevolent Fund that during his lifetime the Benevolent Fund will apply the fvnd to such tharitable objects as the Trustee shall, from time to time. direct. WAKE Fund-this wa5 illltiated by William A Kneel forthe pMary purpose of creating a fund to generate income for charitable purposes. The fynd is intended to produce sufficient income to enable substantbal sums to be distributed to Ma50nic and Non-masonic Charities within the County of Devon.
Provincial Grand Lodge of Devonshlre Benevolent Fund Notes to the Financial Statements Year ended 31 December 2023 Page 18 Note 13 Analysls of net assets between fund5 UnrestriLted Funds Endowment Funds Totsl Fixed assets investments 3.215.544 1399.048 5.614,592 Castr> and current investments 329.447 84.142 413.589 Debtors 3,442 2.244 5.686 Note 14 Flnan¢lal Instruments 2022 Financial Assets Measured at falrvalue through net expenditure= Fixed asset listed investment Inote 111 5.614,592 s.7,865 Net8ains and11055esl on investments held atfairvaluewere 361.427 1666.6031
Provincial Grand Lodge of Devonshire Benevolent Fund Appendix l- Grants Paid to Institutlons Year ended 31 December 2023 Page 19 Donatlon & Nameof CharltyorLoulOrgani5at¥) Devonshire Masonicwidows Associat)n Parlsh Church St Mary Ptympton Tavistock Foodbank Buckfastleigh Foodbank Plymouth Foodbank South Molton Town Band south Molton Judo Club Mary Magdalen Church South Molton Martial Arts South Molton Junior Ftball Club S D Bamar The Mount Batten Centre CharttyTrust ChernoHero Blackdown SupKX)rt Group Tavistock AFC Dr Button Exmouth Gateway Club Torbay-ukrdine Support LNing With Cancer 1mproving Ve$ plmoUth Exe Valley Market Bus Mockin8bird Steppin8 StonesToknes CIC FutLtre Fit Junior Field Gun ttreaCh Pararnedi Gifted Women Devon in Sight The Methodirtchurch Sidwell Street Ask For Jake Sunflowers for Fdorn CIC Bath Philharmont£ pMoUth Bovey Tracey Swimming Pool Assotiat)n abare Christian Care & Support HeartsTogether DIArts The Pritnrose Foundation RAF HarrowbeerArchives, Education Centre Ho15WOrthy Community Rural Tran5FKIrt North Dartmoor Search & Rescue Tearn Sldmouth PHAsh Church18dts Ac(ountl rivertan Town Ability Counts BÈÈr PCC Pete'5 Dragon Plymouth Propriety knbrary Centre Stage Exmouth Gables Dogs & Cats Home Okehampton Argyle youth F.C. The Cafvert Trust ExÈter Ptymouth HighburyTnJ5t DBIke TOTAL 3,340 2.750 2.750 2.750 2.750 1,250 1.250 1.250 1,250 1.250 1.250 1,250 1.250 1,250 1.250 1,250 1.250 I,o)o 1.250 1,250 1,250 1.250 1,250 1,250 1,250 1,250 1,250 1.250 1.250 1,250 1,250 1.250 1,250 1.250 1.250 1,5(M) 1,250 1.250 1.250 1.250