Provincial Grand Lodge of Devonshire Benevolent Fund Unaudited Annual Report and Financial Statements For the Year Ended 31" December 2024 Peplows ilmTted Chartered Accountants M¢)orgate House Iring Street Newton Abbot TQ12 2LG Provincial Grand Lodge of Devonshire Benevolent Fund Page I Financial Statements Year ended 31" December 2024 Contents Charity Reference and Administrative Details Trustees Annual Report Independent Examinerfs Report Statement of Financial Acbvi Balance Sheet io Notes to the Financial Ststements 11-17 Appendix l - Grants Paid to Institutions Provincial Grand Lodge of Devonshire Benevolent Fund Trustees Annual Report Page 2 st Year ended 31 December 2024 Charity Reference and Administrative Details Charity Registration Number 269363 Trustees MICHAELG WALKER DAVIDWHEATON MA {OXON) NICHOLAS BALL COLIN C GALE THOMAS B WHITE Dr REUBEN AYRES D.M. m.￿C.P. MARTIN F ELLIOTh F.CP. ChaiM￿rt NICHOLAS BALL MARTIN ELLIOTh F.C.PA Registered Office PROVINCIAL GRAND LODGE OF DEVONSHIRE UNIT 7, HARRIER COURT, EXEfEIL EX5 2DR Independent Examlner PEPLOWS UMITED, CHARTERED ACCOUNTAPtrs MOORGATE HOUSE, KING sTrE￿, NEwfoN ABBOT TQ12 2LG Bankers CAF BANK LTD. 25, KINGS HILLAVENUE. KINGS HILL, WEsf MALLING, KENT. ME19 4JQ NATWEsr 59, HIGH 5fREEr. EXEfER, EX4 3DL Investment Managers RBC BREWIN tK)LPHIN VANTAGE POINT, WOODWATER PARL EXEfER EX2 5FD Provincial Grand Lodge of Devonshire Benevolent Fund Trustees Annual Report Page 3 st Year ended 31 December 2024 Charity Reference and Administrative Details The Trustees present their ￿port and the financial statements of the charity for the year ended 31 December 2024. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charitieg, in preparing the annual report and financial statements of the Charity. Trustees of the Chaiity The Trusiees who have served during the year and since the year end are detailed in the section on Charitable Details above. Governing Document The Charity was formed in 1975 by resolutson of the Finan￿ committee of the Provision31 Grand Lodge of Devonshire of Ancient and AC￿pted Ma50n5 of England (The Provincial Grand Lodge). its governing document is the dedaration of trust dated 3 March 1975 as amended on 5 February 2(KJ7 in agreement with the Charity Commissioners authority dated 26 October 2￿6. Objectives and Activities The objectives of the Charity are the relief of poor and distressed Brother Masons, the relief of poor and distressed widows and children of Brother Masons, also to benefft such Masonic or other Non-masonic Charities, and to provide local support for Community projects as directed by the Trustees. The principal continuing artiVTties of the Charity are the collection of charitsble donations from Brother Masons the claiming of any available income tsx refunds and the making of charitable grants in accordance with the wishes of the donor Brethren or as directed by the Trustees. Due to the efficiency of the administrative systems and the tirne freely given by volunteers the administrative expenses are modesL The grant objectives are aimed at distributing all of the income. The investment policy is to maintain a portfolio to create an annual income for distribution. Public Benefit Statement During the year as in previous years various Charities were identified and with the lifting of coronavirus restrictions. assistance was g ive n via two functions, and Trustees visits. In all some 54 awards were made totalling £80,790 (2023 £86.210). Lodges have met during this year, with reduced. but improving attendance, so fund raising and assistance requests have been slow, but improving. However, amongst those benefrting this year were:_ VniJth orgap.iLres confimi that they have referred to the guidan￿ contained in the Charity Commission's general guidance on public benefft when reviewing the thaiitvs aims and objectives in planning future aecivities. Provincial Grand Lodge of Devonshire Benevolent Fund Trustees Annual Report Page 4 st Year ended 31 December 2024 Stratsgic Report Achievements, Perforniance and Financial Revithv The fonnat of the financial statements complies with the accounting requirement of the Charities Act 2011 and with the Statement of Recommended Practice -Accounting and ReportirE by Charitie￿. The financial statements and the accounting poliaes thus comply with all of the current sktutory reqU1￿ments ar￿ with the governing documenL 2024 The total Investment Income of the Charity (net of fund managerfs fees) was=. 155,869 105,479 The continuing generosity of the Brethren of the Province is shown bythe level of the donations (gift5) received, which was 47,310 30,920 Management and administrative eX￿nSeS were:_ 6.322 5,595 The market value of the investments held at the end of the year was:. 6.099.475 5,614592 The princspal assets of the fund comprise stock exchange securities and deposits. The increase in fund value this year is twofold, consisting of a further investment of £l(KI,000. accompanied by a general upturn of markets. Post Covid all Lodges in Devonshire are now ftjlly open, but attendance remains a problem. Some Lodges have had to make the deasion to close. Income has increased thisyear. Provincial Grand Lodge of Devonshire Benevolent Fund Trustee5 Annual Report Year ended 31 December 2024 Page 5 Investment Pollcy Statement The Investment Policy Statement was submitted to RBC Brewin Dolphin Securities Ltd in accordance with The Trustee Act 20CM). The Policy Statement was prepared and agreed by the Trustee5 of The Benevolent fund and provides guidance as to how the asset management functions delegate to RBC Brewin Dolphin Securities Ltd by the Trustees should be exercised. The policy is reviewed on a regular basis. Investment Obiective The Trustees 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, fixed income stocks, indirect property investment and cash. Investment Brief In order to meet the* objectives the Trustees have appointed RBC Brewin Dolphin Securities Ltd as their agent to manage a diversified portfolio of suitable investments on a dsscretionary basis. The Trustees have selected an investment objective of a balance between income and capital growth. As Trug£ees we have considered the future sustainability of our investment portfolio. We believe it is important that we invest responsibly to achieve our charit￿5 goals. As stewards or our investments, our investment managers RBC Brewin Dolphin Securities Ltd take account of a wide range of environmental. Social, and govemance factors when assessing and selecting investments for our portfolio. Structure. Governance and Management Appointment of Tn[st￿S and Officers The governing document of the 3, March 1975 (as amended) confinned it was the responsibility of the Provincial Finance Committee to appoint or remove Trustees. Any Trustee 50 appointed, must be a member of the Provincial Grand Lodge of Devonshire. The person or persons in whom the statutory power is vested shall then by deed, be appointed to act as a Trustee. It is the responsibility of the Trustees to prudently manage the activities. investment risk and administration of the funds held by the Charity. It is a150 the respon5ibiltty of the Trustees to stimulate, advise. 1nfiUen￿, and cTrordinate, but not to direct, the Charitable givinE of all the Lodges in the Province of Devonshire. It is the general policy of the Charity to keep administrative and management 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 Trustses Annual Report Page 6 st Year ended 31 December 2024 Trustee Induction and Training New Trustees undergo an orientstion ￿510n to brief them on their legal obligations under Charity Law, the Trustee's role in stimulatin& advisi￿, influenang and ccFordinatin& but not directing the charitable giving of all Lodges and Brethren in the Province. Trustees are encouraged to attend approprlate external cOnferen￿S and seminars where these will facilitate 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 Trustees have a risk management poli￿ and have examined the maior risks which the Charity faces and confirm that systems have been established to mitigate those risk The only major risk identified is that of investment returns on our income for the Fund which has been amply demonstrdted by the extreme volatillty in World stock markets, the Trustee5 feel that this was materially 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 Trustees do not see any need for a Reserves policy but this is constsntly reviewed by the Trustees. Trustees Responsibilities Statement The trustees are responsible for p￿parIng the Trustees. Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to Charities in England & Wales requi￿ the Trustees to prepare financial statements for each financial year which give a true and fair view of the stste of affairs of the Charity and of the incoming resources and application of resources of the Chartty for that period. In preparing these finanaal statements the Trustees are Tequired to: Select suitsble accounting policies and then apply them consistently. Observe the methods and prinapals in the Charities SORP 2019 (FRS 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 finanaal statements on the going concern basis unless it is inapproprlate to presume that the Charity will continue in operation. Provincial Grand Lodge of Devonshire Benevolent Fund Trustees Annual Report Year ended 31" December 2024 Page 7 The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accourrts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safegua rding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Trustees on xx May 2025 and signed on their behalf ty. Chairman - Nicholas Ball- on behalF of the Trustees. Unit 7, Harrier Court, EXETER EX5 2DR Provincial Grand Lodge of Devonshire Benevolent Fund Independent Examinerfs Unqualified Report Year ended 31 December 2024 Page 8 Independent Examiner's Report to the Tnistees of Provlncial Grand Lodge of Devonshire Benevolent Fund. I report to the Charity Trustees on my examination of the accounts of the Chartty for the year ended 31 December 2024 which are set out on pages 9 to 19. Responsibilities and basis of rep(*t As the Charitrfs Trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charitie5 Act 2011 {'the ACY). I report in respett of my examination of the CharTVs accounts carried out under sertion 145 of the Act and in carrying oirt rny examination I have followed all the applicable Directions given by the Charity Commission undersection 145(5){b) of the Act. Independent examiner's statement I have completed my examination. I confirm that no material mattets 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 ￿pect of the Charity as required by section 130 of the Att; or 2. the accounts do not accord with those ￿cOrdS- or 3. the accounts do not comply with the applicable requirements COn￿rning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and frdir Vie￿ which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Michael Young FCA Peplows Limited Moorgate House King Street Jvewton Abl)ot Devon TQ12 2LG 4fM8y2025 Provincial Grand Lodge of Devonshire Benevolent Fund Statement of Financial Artivities Year ended 31 December 2024 Page 9 Unrestricted Funds Endowment Funds Totsl Totsl Funds Funds 2024 2023 Income and Endowments From= l)onations and Legacie5 43.310 47,310 30,920 Investments 94363 61.506 155,869 137,884 137,673 65,506 203,179 168.804 Totsl Income and Endowrnents Expendlture On: tharitable Activities 55500 80.790 86,210 Other 24,502 15,972 40,474 38,000 Total Expendtture 49.792 71,472 121,264 124,210 Net Income/(Expenditure) before other recognised galnsllosses 87WI {5,%6) 81,915 44.594 222395 144.957 367.352 361,427 Net Gain/ Loss on Imiestments Net Income/Deficit 310,276 138,991 449,267 406,021 Reconciliatlon of Fund5: Totsl Funds Brought Forward 14 3.548.433 2.485,434 6,033,867 5,627,846 Total Funds Carried FoTward 3,858,709 2,624.425 6,483,134 6,033￿67 Provincial Grand Lodge of Devonshire Benevolent Fund Balance Sheet st Year ended 31 December 2024 Page 10 20Z4 2023 Fixed Assets Investments li 6.(199A75 5,614592 6￿.475 5.614,592 Current Assets Debtors Cash at Bank and in Hand 8.127 384.792 5.686 413,589 392,919 419.275 Creditors Falliftg due within one year 13 19,260) Net Current Assets 383,659 419.275 6,483.134 6.033,867 Charity Funds Endowment Funds Pemianent Endowment Expendable Endowment Unrestrirted Funds 2,530528 93A97 3,858,709 6,483.134 2399,048 86,386 3548,433 6,033,867 14 The flnancial statements were approved and authorised for issue bythe Board on X Signed on behalf of the board of Trustees Treasurer- Martin Elliott F.C.PA - on behalf of the TnLStee5 Provincial Grand Lodge of Devonshire Benevolent Fund Notes to the Financial Statements Year ended 31 December 2024 PaEe 11 Note I Summary of significant accounti￿ policies A-General information and basls of preparation The Provincial Grand Lodge of Devonshire is a charTtable trust in the United Kingdom_ The address of the registered office is given in the Charity information on page 2 of these finanaal statements. The nature of the a)ariWs operations and principal activities are described in detsil in the Trustees ReporL The thatity Constitu￿ a public benefft entity as defined by FRS IOZ The financial statements have been prepared in accordance wtth Accounting and Reporting by (J)arities: Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Stsndard applicable in the United Kingdom and Republic of Ireland (FRS 102). the Chartties Act 2011 and UK Generally AC￿pted Accounting Practi￿. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items atfairvalue. Thefinancial statements are prepared in sterling which isthe functional currency of the Charrty and rounded to the nearest pound. The significant accounting poliaes applied in the preparation of these financial Statements are set out below. These policies have been consistently applied to all years presented unless othenNise stated. B- Funds Unrestrirted funds are available for use atthe discretion ofthe Trustees in furtherance of the general objectlves of the Charity. Designated funds comprise unre5trirted funds that have been set aside by the Trustees for particular purposes. The aims and use of each designated fund are set out in the notes to the financial statements. Endowmentfunds representthose assets whlch must be held permanently bythe Charity• principally the WAKE fund. Income arising on the endowment fund can be used in accordance with the objects of the CharTty and is included as endowment incorne. Any capital gains or losses arising on the investments form part of the fund. Investment management charges and legal advice ￿lating to the fiJnd5 fonn part of the fund. Investment management charges and legal advice relating to the fund are charged against the fund. Provincial Grand Lodge of Devonshire Benevolent Fund Notes to the Financial Statements Page 12 st Year ended 31 December 2024 C- Income recognition All incoming resources are included in the Statement of Rnancial Activilies (SOFA) when the ChaRIty is le8alEy entitled to the income after any performance conditions have been meL the amount can be measured reliab￿ and it is probable thatthe income will be re￿ived. For donationsto be recogni5edthe Charitywill have been notified of the amounts and the settlement deal in wriknng. If there are conditions attached to the donation and this requi￿ a level of performance before entitlement can be obtained then Income is deferred until those condttiors are fully met or the fulfilment of those condrtions 15 W¥thin the control of the Charity and it 15 probable that they will befulfilled. Donated facilities and donated professional Se￿iCe5 are recognised in income attheirfairvalue when their economic benefft is probable. It can be measured reliably and the charity has cortrol over the ttem. Fairvalue is determined on the basis of the value of the giftto the Charity. For example the amount the Charity would be willingto pay in the open market for such facifrtate and Se￿ices. A corresponding amount is rec￿nISed in expenditure. No amountis included in thefinancial statements forvolunteertime in linewith the SORP (FRS 102). Further detail is given in the Trustee's Annual Repo For 1￿cles, the entitlemert is the earlier of the Charity being notified of an impendlng distribut[c￿ of the legacy being received. At this point income Is recognised. On occasion legacies will be notified to the Charity however it Is not P055ible to measure the amount expected to be thstributed. On these occaslons. the legacy is treated as a Contingent asset and disdosed. Investment income is earned through holding assetsfor investment purposes such as shares and property. It includes dlvidends interest and rent. Where it is not practicableto recogntse investment rnanagement costs inCu￿ed with in a scheme with reasonable accuracy the investment income is reported net of these costs. It 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 Charitys right to receive payment is established. D- Expenditure Recwitlon All expenditure is accounted for on an ac(Tuals basts and been dassified under headings that aggregate all costs related to the category. Expenditure is recognised wherethere is a legal orconstructive obligation to make payments to third parties. it is probable thatthe settlementwill be required and the amount of theobfigation can be measured reliably. It is (3tegorise under the following headings: Expenditure on charitable activwties indude grants awarded to insbtutions and individuals: and Other expenditure represents those itsms not falling into the categories abtwe including investment management Irrecoverable VAT ts charged as an expense aganst the actmtyfor which expenditure arose. Grants payable to third parties are within the chargeable objectives. Where un¢onrfrtional grants are offered, this is accrued as soon as the recipient 15 notified of the grdnt as this gives rise to a reasonable expectation that the reciplent will receive the grants. Where grants a￿ conditional relating to perfomano the grant ts only accrued when any unfulfilled Conditions are outside of the control of the Charity. Provincial Grand Lodge of Devonshire Benevolent Fund Notes to the Financial Statements Year ended 31 December 2024 Page 13 E- Support costs allocatlon Support costs are those that assist the work of the Chaiity but do not dlrettly represent charitable activitie5 and indude office costs, administrative and payroll costs. They are incurred directly in support of expenditure on the object of the Charfty. Where support costs cannot be directly attributed to particular headings they have been added to expenditure on charitsble artivities on a basis consistent WEth the use of resources. The analysls of these costs is induded in the notes. F- Investments Investments are recognised initially at cost which is rbomially the transaction price excluding transattion costs. Subsequentlythey are measured atfairvalue with change% recognised in net gainsnosses on investments in the SOFA if the shares are publicly traded or their fair value can otherwise be rneaSU￿d reliably. Other investments are measured at Cost less impaRrnient. G-cash and bank Cash and cash equiwalents comprise cash on hand and call depostts, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. H - Debtors and credttors, recelvablelpayable withln one year. Debtors and creditors wrth no stated Interest rate and receivable or payable within one year are recorded at transaction price. Any losses arislng from impairment are recognised in expenditure. l-Tax The Charyty is an exempt charity within the meaning of sthedule 3 of the charities Act 2011 and is considered to pass the tests set out in Paragraph I Sthedule 6 Finance Act 2010 and therefore meets the definition of a charitable entity for UK corporation tsx purposes. J- Going concern The financial statements have been prepared on a going concem basis as the trustees believe 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 authorfsing these finanaal statements. The budgeted income and expenditure is s￿￿1clent with the level of reserves for the Charfty to be able to continue as a going concern. K-judgements and key source5 of estimation un￿rtainty No material judgements have been made in the proces5 of applying the above accounting policies. Provincial Grand Lodge of Devonshire Benevolent Fund Notes to the Financial Statements Year ended 31" December 2024 Page 14 Note2 Income from donations and legacies 21723 Gifts 47310 30.920 Note 3 Income from investmer Dividends-equities Interest-deposits Totsl 147939 7,930 155,869 131,778 6,106 137,884 Note4 Investment management (osts 2024 2023 Investment management fees 32 05 Note 5 Analysis of expenditure on charttable activiues Grdnt F￿dIng pP￿t Costs Total 2024 Total 2023 Collection and distribution of charitable donations .790 80.790 86,210 There are no 5UPPOrt costs directly attributableto the grantfundi Note 6 Allocatlon of support costs Support Costs Basis of AllocatKJn Ralslng Funds Totsl 2024 Total 2023 Finan Governance Office Costs Other (Insuran￿) Total Full Full Full Full iio 3,138 2,975 99 6,322 iio 3,138 1975 99 6,322 117 2,986 2,364 128 5,595 Provincial Grand Lodge of Devonshire Benevolent Fund Notes to the Financial Statements Year ended 31 December 2024 Note 7 Governance Costs Page 15 2024 2023 Examinerfs Remunerdtion (including expenses) Note 8 Analysis of Grants Grants to IrLstitirtions Grants to Individuals T¢xal 2024 Totsl 2023 Collection and distribution of donations 76,750 80,PJO 86,210 Detsils of the grdnts paid to inststulions are disdosed in Appendix L Note 9 Employees Duringthe yearthecharity had no (2023: Nil) employee Note 10 Related party trdnsartions None of the Trustees have been paid any rernuneration, received any other benefits or expenses from an employment with their charity or related entity. Note li fixed Asset Investments Usted Investments Valuation at ljanuary 2024 Additions Disposals Revaluation Valuation at 31 December 2024 5,614,592 1.837,575 (1,720,WI 367,352 6,099,475 Investments atfair value: 2024 2023 Equtties Securities Property within the managed investment portfolio other 4,417,565 1,248,179 160,832 272,899 6,099.475 3,629.613 1,395.665 134,937 454.377 5,614,592 The fair value of listed investments is determined by the investment broker using quoted pri￿ for identical assets in an arttve market at the balance sheet dat& Provincial Grand Lodge of Devonshire Benevolent Fund Notes to the Financial Statements Page 16 st Year ended 31 De￿mber 2024 Note 12 Debtors 2024 2023 Dividend Pending Accrued Divtdend 5.552 IfA)5 8.127 4,878 4,878 Note 13 Creditors 2024 2023 Grants Payable 9,260 Note 14 Fund reconaliation Bal OIIOV2024 Income EXpen￿rtUre Gain/Loss Bal 3111212024 Unrestrfcted Fun Provlnaal Charity Fortescue Relief Davie Educational NE Total Unrestricted Funds 518,477 1.447,027 911233 670,696 3y8.433 6L592 36,100 22,773 17.208 137.67J (25.746) {￿,164) {7.414) (4,468) {49.792) 43,090 85,079 53,670 40,556 222￿95 597,413 1556,042 981,262 723,992 3,858.709 Restricted Funds Endowment FurKIs Permanent WAKE Expendable WAKE Total Restricted Funds 2399.048 86386 65,506 1485N34 65506 (13,4rn 157,995) (71N72) 144.957 2530,528 93,897 l624,425 I44￿57 TOTAL FUNDS 6,033.867 203,179 {124264) 367352 Fund Descriptions A- Unrestricted Funds The unrestrlrted funds can be utilised in Itne with the Charitrfs aims and objectives. Provincial Charity Fund-this ts for donations to the Charity as agreed by the Trustees. Davie Educational Fund- thi5 was formed when with the consent of the Charity Commission and the agreement of theTrustees and members of the Devon Masonic Education fund (charity no. 306693). the Devon Masonic Education fund was closed. All assets and liabilities were transferred to the Provisional Grand Lodge of Devonshire Benevolent Fund Provincial Grand Lodge of Devonshire Benevolent Fund Notes to the Financial Statements Year ended 31 De￿mber 2024 Fortescue Relief Fund-this y￿sformed when, with the consent of the Charity Commission andthe agreement of the Trustee5 and members of the Province of Devonshire Widows and Fortescue Fund (charity no. 209249). the Province of Devonshlre Widows and Fortescue Fund was dose& All assets and Ilabilities were trdnsferred to the Provincial Grand Lodge of Devonshire Benevolent Fund. Page 17 Nora Ellen Westcott (NEI￿￿> Fund- by the will of the donorthe residuary estate was left to the Trustee to distribute the income and rapital of the estste to such Charities of tharitable objects in such Share 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 fund to such charttsble objects as the Trustee shall. from time to time, direcL WAKE Fund-thi5 was initiatsd by William A Kneel forthe primary purpose of creating a fund to generate income for charitable purposes. The fund is intended to produce sufficient income to enable sub5trantial sums to be distributed to Masonic and Non-masonic Charities within the County of Dèvon. Note 15 Analysis of net assets between funds UMestriLted Funds Endowment Funds Totsl Fixed assets investments Cash and Current investments Debtors 3,692,622 170,427 4920 {9,260) 3,858,709 2,406,853 6,099,475 214,365 3,207 384,792 8,127 {9,260) 6,483,134 Creditors TOTAL 2,624,425 Note 16 financial Instruments 2024 2023 Finandal Assets Measured at fairvalue throug1] net expenditure: Fixed asset listed investment (note 11) 6.099.475 5.614,592 Netgains and {losses) on investrnents held atfairvalue were 367352 361427 Provincial Grand Lodge of Devonshire Benevolent Fund Notes to the Financial Statements Year ended 31 December 2024 Page 18 Appendlx 1 Donation & Name of Charity or Local Oryanisation Force Can￿r Charlty Devon Masonic Widows Association Masonic Disabled Fishing Assistan Beth Neighbour Y Sail Moretonhampstead &Nimming Pool Trust 3rd Exmouth Scout Group Hugs Children's CanTrr Chaiity Edwin Davis Memorial CIC Volunteering in Health Tectone Trust The UGI Specialist Nurses Team The Vision Inclusive Badminton Club Exmoor Search & Rescue Burlescombe a & Westhill Communty Hall Corey's Farm Topsham Bowling Club Fearfree Sidmouth Voluntary Servi￿$ Holsworthy Saxon Explorers Whitchurch Pre School Exmouth & Lympstone Hospi￿ Care Crediton Rugby Club 1 st Plympton Scout Group Friends of Cadogan Court Army Benevolent Fund North Devon Hospice Rowcroft Hospice St Lukes Hospice Plymouth Hospiscare 1,500 5,000 1,500 1,040 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,500 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 2,000 2,000 2,000 2,000 2,000 2,000 Chris Jones Coast Walk Exmouth Gateway Club All Stars Theatre Group Bradworthy Memorial Hall Millfield's Trust Katherine Smith University of Plymouth Students Union 1st BuckSand Scout Group May Way support Group Barton Cricket Club 500 1,500 1,500 1,500 1,500 1,500 1,500 1.500 1,500 1.500 Provincial Grand Lodge of Devonshire Benevolent Fund Notes to the Financial Statements Year ended 31 December 2024 Page 19 Friends of Tiverton Town Leat Ilfracombe Sea Cadets The Alice Cross Centre Children's Hospice South West Pete's Dragon Bovey Tra￿Y Youth Adion Swim Torquay Colyton Caterpillars Seachange Devon Starcross Dons F.C. Uplift (Devon) 1,500 1,750 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 Mobilty Equipment Centre 50% Stairfttt Gareth Davis Devon ￿"r Ambulance Trust 750 1,000 2,000 TOTAL 80.790