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2021-12-31-accounts

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

THE DEVON COUNTY GUIDE ASSOCIATION

OPERATING AS GIRLGUIDING DEVON

Registered Charity Number 301072

THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS GIRLGUIDING DEVON

INDEX TO THE FINANCIAL STATEMENTS for the year ended 31 December 2021

Page
General Information 1
Report of the Trustees 2 - 3
Report of the Independent Examiner 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 - 14

THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS GIRLGUIDING DEVON

GENERAL INFORMATION for the year ended 31 December 2021

TRUSTEES:

Mrs J Corbyn (County Commissioner) Mrs L Dixon (Assistant County Commissioner) Mrs J Langridge (Assistant County Commissioner) Mrs J Blackwell (Assistant County Commissioner) Mrs D Westaway (Division Commissioner Okehampton and Holsworthy) Mrs N Ridge (Division Commissioner Plymouth East ) Mrs R Bishop (Division Commissioner Taw and Torridge) Mrs S Maczugowska (Division Commissioner Tavy) Mrs J Saxton (Division Commissioner Teignbridge) Mrs L Parker (Division Commissioner Plympton) Mrs K Short (Division Commissioner Axminster) Miss J Shute (Division Commissioner Exeter) Mrs F Janes (Division Commissioner Plym) Mrs R Hartley (Division Commissioner Tiverton) Mrs K Martin (Division Commissioner Torbay) until 31 August 2021 Mrs R Offerdal (Division Commissioner Torbay) From 1 September 2021 Mrs H Kingdom (Division Commissioner Honiton) Mrs M Smith (Division Commissioner Plymouth West ) Mrs E Tant (Division Commissioner Exmouth) Mrs S Reynolds(Division Commissioner Erme Valley) Mrs P Stubbington (Division Commissioner North Devon) Mrs S Jones (Division Commissioner Totnes)

CUSTODIAN TRUSTEE

The Guide Association Trust Corporation

COUNTY ADMINISTRATOR:
COUNTY ADMINISTRATOR: Mrs L McLean
CHARITY REGISTRATION NUMBER: 301072
INDEPENDENT EXAMINER: Revd Fr Paul Jones
BANKERS: CAF Bank Santander UK plc
25 Kings Hill Avenue Registered Office:
Kings Hill 2 Triton Square,
West Malling Regent's Place
Kent London,
ME19 4JQ NW1 3AN
INVESTMENT MANAGERS: Tilney
6 New Street Square
New Fetter Lane
London
EC4A 3BF

Page 1

THE DEVON COUNTY GUIDE ASSOCIATION

OPERATING AS GIRLGUIDING DEVON

REPORT OF THE TRUSTEES

for the year ended 31 December 2021

The trustees present their report with the financial statements of the Devon County Guide Association for the year ended 31 December 2021. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of RecommendedPractice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014.

STRUCTURE GOVERNANCE AND MANAGEMENT

The Devon County Guide Association is a separately constituted branch of The Guide Association, which was incorporated by Royal Charter. It is registered as a charity (number 301072). The Devon County Guide Association is responsible for the administration of the Association's affairs within the county and for the general development of the principles, aims, organisation and rules of the Association in accordance with the Royal Charter, Bye-laws and the Guiding Manual. It is headed by the County Commissioner, who is Chair of the Executive Committee.

Members of the Executive Committee are nominated or appointed in accordance with the procedures established by the Devon County Guide Association. The charity trustees of the Devon County Guide Association are the voting members of the Executive Committee. The trustees who served during the year are shown on page one. The trustees determine the general policy of the Devon County Guide Association. The day to day management is delegated to the County Administrator and other volunteers.

OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT

The trustees confirm that they have referred to the Charity Commission’s guidance on public benefit when reviewing the Trust’s aims and objectives, in planning future activities, and setting the grant making policy for the year.

The Devon County Guide Association shares the aims and objectives of The Guide Association; giving girls and young women a space where they can be themselves, have fun, build brilliant friendships, gain valuable life skills and make a positive difference to their lives and their communities. We build girls’ confidence and raise their aspirations. We give them the chance to discover their full potential and encourage them to be a powerful force for good. To this end, units have been encouraged to include service projects in their programmes. Girls and adults are also encouraged to travel and even work in other parts of the world.

These opportunities are delivered and administered by the Adult leaders, all of whom are volunteers and willingly give their time.

ACHIEVEMENTS AND PERFORMANCE

What a difference a year has made to our guiding experiences! 2021 activities and adventures have continued to be impacted by COVID.

We have learnt so much about new ways of communicating with our members which will prove invaluable for our future.

Units began the year online taking advantage of free Zoom accounts from Girlguiding and many other channels. County meetings, trainings and events were also held online. Many leaders and commissioners became experts in virtual meetings, often sharing skills with other leaders across the county. This ensured that all girls had the opportunity to continue meeting to gain the excellent skills that Girlguiding can offer them. We all, therefore, continued to achieve many of the objectives within our policy.

Many units continued to have virtual sleepovers or weekends and their weekly meetings now included scavenger hunts (around the house), baking and linedancing online! Slowly during the year, we were able to meet Face to Face again, firstly outside and then, during the Autumn, units started to meet back indoors and had more “normal” meetings. The Hurdlestone Challenge went ahead Face to Face, but in a different format, so everyone cou ld keep COVID safe. International trips were unfortunately cancelled.

In June we presented our very first Devon County Commissioner’s Special Award to Summer, a Brownie from Colyton, and then in July another one to Grace who is one of our Guides from Ilfracombe. It was also a great pleasure to present to several different leaders a Good Service Brooch, a Girlguiding Hero certificate, 11 County Standard Awards, Devon Star Good Service awards and the Devon Appreciation award.

Other awards presented to girls around the County included a Commonwealth Award, 38 Rainbow Gold Awards, 98 Brownie Gold Awar ds, 16 Guide Gold Awards and 4 Ranger Gold Awards. For these awards they have had to cover all skills within the programme and have improved up on them at different levels through their time with us.

The following Long Service awards were presented to our volunteers during the year, some virtually, and then later in the yea r, we were able to do them in person: 35 x 5 year. 40 x 10 years; 12 x 20 years; 10 x 30 years; 4 x 40 years and 2 x 50 years.

Recognition must also go to the tremendous efforts of the amazing volunteers who give their time freely to ensure girls and y oung women could benefit from lots of exciting opportunities and great challenges.

Our numbers are now growing again, and we are looking forward to the future.

continued on page 3

Page 2

THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS GIRLGUIDING DEVON

REPORT OF THE TRUSTEES for the year ended 31 December 2021

continued from page 2

FINANCIAL REVIEW

The results for the year and the financial position of the Devon County Guide Association are as shown in the annexed financial statements.

Our investment advisors (Tilney) are instructed to invest to generate growth of income and capital in line with UK RPI measured over 5 year periods whilst adopting a total return approach and placing more emphasis on capital preservation than capital appreciation. The investment portfolio has been managed using a moderate level of risk having a regard to the suitability to the charity of the particular investments. The investment brief is broadly defined but direct investment in tobacco companies and their products/manufacture or distributors of armaments is forbidden.

The total return of all investments for 2021 was 14.8% (2020 - 5.6%) against a target return of 1.9% UK RPI (2020 - 1 .2 %).

RESERVES

The trustees have reviewed the reserves of the Devon County Guide Association. The review covered the sources of income and whether that income is sustainable in the future, the fixed and variable expenditure of the Devon County Guide Association and the need to keep expenditure within income. The review concluded that to allow the Devon County Guide Association to continue to operate efficiently and to provide sufficient reserves for that continuance, then the following reserves were required:

  1. A designated fund equal to our present investments be maintained to provide the income flow needed to cover the Devon County Guide Association's expenditure.

  2. General liquid reserves should be maintained, sufficient to cover one year's operating expenditure. This policy will be kept under review.

TRUSTEES’ RESPONSIBILITIES IN RELATION TO FINANCIAL STATEMENTS

The charity trustees are responsible for preparing a trustees’ annual report and 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 and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.

DECLARATION

The trustees declare that they have approved the trustees' report above.

Full name Position Date

Mrs Jean Corbyn County Commissioner 17 October 2022

Mrs Jeanne Langridge Assistant County Commissioner

Page 3

THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS GIRLGUIDING DEVON

REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES on the financial statements for the year ended 31 December 2021 as set out on pages 5 to 14

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The charity's trustees are responsible for the preparation of the trustees' annual report and financial statements.

The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act), and that an independent examination is needed.

It is my responsibility to:

  1. examine the accounts under section 145 of the Charities Act,

  2. to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and

  3. to state whether particular matters have come to my attention.

BASIS OF INDEPENDENT EXAMINER'S STATEMENT

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.

INDEPENDENT EXAMINER'S STATEMENT

In connection with my examination, no matter has come to my attention;

  1. which gives me reasonable cause to believe that in any material respect the requirements

  2. a. to keep accounting records in accordance with section 130 of the Charities Act and

  3. b. to keep proper accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or

  4. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Name Revd Fr Paul Jones Address The Vicarage 4 Cary Park Babbacombe Torquay TQ1 3NH

Date

Page 4

THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS GIRLGUIDING DEVON

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2021

Incoming Resources
Notes
Income and endowments from:
3
Donations and legacies
Charitable activities
Other trading activities
Investments
Total
Resources Expended
Expenditure on:
4
Raising funds
Charitable activities
Other
Total
Net income before investment gains
Gains/(losses) on investment assets
Net income
Extraordinary items
Transfers between funds
Other recognised gains/(losses):
Gains/(losses) on revaluation of fixed assets
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
Restricted
Total
Total
Funds
Funds
2021
2020
£
£
£
£
38,788
-
38,788
57,528
11,744
-
11,744
22,703
6,018
-
6,018
9,665
3,783
-
3,783
5,106
60,333
-
60,333
95,002
4,918
-
4,918
8,746
44,945
-
44,945
48,938
49,863
-
49,863
57,684
10,470
-
10,470
37,318
59,335
-
59,335
16,439
69,805
-
69,805
53,757
-
-
-
-
-
-
69,805
-
69,805
53,757
1,146,386
-
1,146,386
1,092,629
1,216,191
-
1,216,191
1,146,386

The notes form part of these financial statements

Page 5

THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS GIRLGUIDING DEVON

BALANCE SHEET as at 31 December 2021

Notes
Fixed assets:
Tangible assets
8
Investments
9
Total fixed assets
Current assets:
Stocks
10
Debtors
11
Cash at bank and in hand
12
Total current assets
Debtors : Amounts falling due after one year
13
Creditors: Amounts falling due within one year
14
Net current assets
Total assets less current liabilities
Funds of the Charity:
Restricted income funds
Unrestricted funds
Revaluation reserve
Total funds		 Unrestricted
Restricted
Total
Total
Funds
Funds
2021
2020
£
£
£
£
468,547
-
468,547
466,567
475,784
-
475,784
416,449
944,331
-
944,331
883,016
10,003
-
10,003
9,372
12,675
-
12,675
14,078
257,141
-
257,141
246,243
279,819
-
279,819
269,692
8,000
-
8,000
-
287,819
287,819
269,692
15,959
-
15,959
6,322
271,860
-
271,860
263,370
1,216,191
-
1,216,191
1,146,386
-
-
-
825,879
-
825,879
756,074
390,312
390,312
390,312
1,216,191
-
1,216,191
1,146,386

These financial statements were approved by the members of the Executive Committee on 17 October 2022 and are signed on their behalf.

Signed Mrs Jean Corbyn Position County Commissioner Date 17 October 2022

Signed Mrs Jean Langridge Position Assistant County Commissioner

The notes form part of these financial statements

Page 6

THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS GIRLGUIDING DEVON

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 December 2021

1. BASIS OF PREPARATION

Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 issued on 16 July 2014. and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

Going concern There are no material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern.

Change of accounting policies The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2. Changes to accounting estimates No changes to accounting estimates have occurred in the reporting period. Material prior year errors

No material prior year errors have been identified in the reporting period.

2. ACCOUNTING POLICIES

Income and Endowments

Recognition of income

Income is included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.

Offsetting There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.

Grants and donations Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources. Legacies are included in the SoFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there a re sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. Tax reclaims on donations and gifts Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift aid and is treated as an addition as the initial donation unless the donor or the terms of the appeal have specified otherwise.

Contractual income and performance related grants

This is only included in the SoFA once the related goods or services have been delivered. Donated services and facilities Donated services and facilities are included in SoFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably.

Support costs

The charity has incurred expenditure on support costs. Volunteer help

The value of any volunteer help received is not included in the accounts but is described in the trustees' annual report.

continued on page 8

Page 7

THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS GIRLGUIDING DEVON

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2021

2. ACCOUNTING POLICIES

continued from page 7

Investment income

This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.

Investment gains and losses

This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

Expenditure

Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the c harity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

Governance costs

Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg staff costs by the time spent and other costs by their usage. Grants with performance conditions Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Grants payable without performance conditions Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the f ull funding obligation must be recognised. Redundancy costs

The charity made no redundancy payments during the reporting period. Deferred income

No material item of deferred income has been included in the accounts. Creditors

The charity has creditors which are measured at settlement amounts less any trade discounts. Provisions for liabilities A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amou nt required to settle the obligation at the reporting date.

Assets

Tangible fixed assets for use by the charity

These are capitalised if they can be used for more than one year, and cost at least £500. The properties are stated at valuation and the equipment is valued at cost less depreciation, which is applied at 25% on a reducing balance basis.

Investments

Fixed asset investments in quoted shares are valued initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment.

Stocks

Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value.

Debtors

Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any tra de discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

Page 8

THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS GIRLGUIDING DEVON

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2021

3. Analysis of income

Donations and legacies
Subscriptions
Other donations
Legacies
Charitable activities
Events -
- Outside activities
- International - Repayment of Grant
- D of E
- Miscellaneous
- Clinton Shield
Income from properties
- Bowermans
- Taw Bottom
Fundraising for other charities
Other trading activities
Souvenir sales - Bowermans
Souvenir sales - Taw Bottom
Sale of badges etc
Investments*
Income from investments
Interest		 Unrestricted
Restricted
Total
Total
Funds
Funds
2021
2020
£
£
£
£
37,979
-
37,979
55,896
809
-
809
1,632
-
-
-
38,788
-
38,788
57,528
-
-
-
-
-
-
-
290
2,100
-
2,100
375
134
-
134
129
-
-
-
-
70
-
70
-
2,451
-
2,451
11,476
6,989
-
6,989
10,433
-
-
-
-
11,744
-
11,744
22,703
29
-
29
64
110
-
110
-
5,879
-
5,879
9,601
6,018
-
6,018
9,665
3,767
-
3,767
4,996
16
-
16
110
3,783
-
3,783
5,106

Page 9

THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS GIRLGUIDING DEVON

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2021

4. Analysis of expenditure
Raising funds
Bowermans souvenirs
Taw Bottom souvenirs
Badges and Guide wear
Charitable activities
Grants
Events -
- Clinton Shield
- International
- D of E
- Outdoor activities
- Archive costs / Miscellaneous
County training weekend
Property -
Bowermans
- Maintenance
- Other Expenses
Taw Bottom
- Maintenance
- Other Expenses
Fundraising for other charities
Donations to other charities
Support costs
Administration expenses
Salary
Website costs
County Commissioner costs
Insurance
Finance costs
Rent
Office & PR costs
Information - Devon Star
- Other Devon Publications
Learning, Support and Development team
Foxlease support
Loss on disposal of assets
Depreciation
Governance costs
County Executive and Task and Finish costs		 Unrestricted
Restricted
Total
Total
Funds
Funds
2021
2020
£
£
£
£
-
-
-
27
-
-
-
-
4,918
-
4,918
8,719
4,918
-
4,918
8,746
-
-
-
1,725
218
-
218
263
-
-
-
312
111
-
111
179
31
-
31
266
-
-
-
654
-
-
-
-
1,598
-
1,598
5,083
2,631
-
2,631
10,596
5,778
-
5,778
4,109
5,122
-
5,122
5,137
-
-
-
-
-
-
-
-
15,489
-
15,489
28,324
2,986
-
2,986
1,617
4,836
-
4,836
4,680
216
-
216
351
361
-
361
128
1,104
-
1,104
1,022
97
-
97
111
3,869
-
3,869
3,419
402
-
402
8,760
-
8,760
6,864
-
-
-
-
4,316
-
4,316
1,650
250
-
250
250
45
-
45
-
1,183
-
1,183
522
28,425
-
28,425
20,614
1,031
-
1,031
-
1,031
-
1,031
-

All Support and Governance costs have been allocated to the charitable activities as there are minimal costs associated with raising funds.

Page 10

THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS GIRLGUIDING DEVON

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2021

5. Transactions with trustees and related parties

No trustee received any remuneration or other benefits from an employment with the charity or a related entity.

5.1 Trustee expenses
Travelling and other expenses reimbursed
Number of trustees who were paid expenses
5.2 Transactions with related parties
There have been no related party transactions in the reporting period.
6. Fees for examination of the accounts
Independent examiner's fees for reporting
on the accounts
Other fees paid to the independent examiner
7. Paid employees
7.1 Staff costs
Gross wages, salaries and benefits in kind
Employer's national insurance costs
Pension costs		 2021
£
956
15
2021
£
-
-
2021
£
4,836
-
-
4,836		 2020
£
1,265
4
2020
£
-
-
2020
£
4,680
-
-
4,680

The Charity employs one part time administrator.

No remuneration was paid to any of the trustees.

Page 11

THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS GIRLGUIDING DEVON

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2021

8. Tangible fixed assets

Cost or Valuation

Balance at 1 January 2021 Additions Disposals Revaluation Balance at 31 December 2021

Accumulated depreciation

Balance at 1 January 2021 Charge for year Disposals Balance at 31 December 2021

Net book value

As at 31 December 2021 As at 31 December 2020

Basis
Rate		 Freehold land
Equipment
Total
& buildings
£
£
£
465,000
11,739
476,739
-
3,208
3,208
-
(798)
(798)
-
-
465,000
14,149
479,149
RB
25%
-
10,172
10,172
-
1,183
1,183
-
(753)
(753)
-
10,602
10,602
465,000
3,547
468,547
465,000
1,567
466,567
The historical cost is as follows:
Bowermans
Taw Bottom
Total		 £
31,093
43,595
74,688

Page 12

THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS GIRLGUIDING DEVON

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2021

9. Investments assets

£

9.1 Fixed asset investments

Market value at 1 January 2021
Add - additions to investments at cost
Less - disposals at cost
Add - realised gain on sale of investments
Add - unrealised gain on revaluation
Market value at 31 December 2021
9.2 Analysis of investments
Investments listed on a recognised stock exchange
Cash held as part of the investment portfolio		 Market
Value
31.12.21
£
422,630
53,154		 416,449
-
(22,391)
2,450
79,276
475,784
Income from
Investments
for the year
£
3,759
-
475,784 3,759
Material investment holdings
Investment held Market value
31 December 2021
Units £
City of London Inc Ord GBP 0.25 5800 22,852
Evenlode inv mgmt tb evenlode income d 12488.1 32,172
Findlay Park Fds American GBP Hedged 500 50,110
Fundsmith LLP Equity I Inc Nav 7986.73 48,946
Guardcap ucits fun global equity 2115 62,769
Ishares physical m ishs phys gold etc usd 485 12,763
Link Fund Sol ltd trojan income s inc 15716.738 31,903
Link Fund Sol ltd trojan is inc 7581.878 24,333
AMP Capital Global companies 34800 63,497
Smithson inv Trust ord 1675 33,835
T Bailey Fund serv evenlode 26225 39,450
422,630

10. Stock

Charitable activities:
Badges
D of E resources
Trading activities:
Badges
Guide wear
Taw Bottom Souvenirs
Bowermans Souvenirs
Total		 For distribution
For resale
For distribution
For resale
2021
2021
2020
2020
£
£
£
£
2,732
-
2,273
-
-
276
-
366		 For distribution
For resale
For distribution
For resale
2021
2021
2020
2020
£
£
£
£
2,732
-
2,273
-
-
276
-
366		 For distribution
For resale
For distribution
For resale
2021
2021
2020
2020
£
£
£
£
2,732
-
2,273
-
-
276
-
366
2,732 276
2,273		 366
-
-
-
-		 3,955
-
514
-
1,340
-
1,187
-		 3,487
719
1,340
1,187
- 6,996
-		 6,733
10,003
9,372

Page 13

THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS GIRLGUIDING DEVON

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2021

11. Debtors and prepayments

Trade debtors
Other debtors
Prepayments and accrued income
Loan		 2021
2020
£
£
-
-
1,412
2,204
11,263
11,874
Amounts falling due
within one year
12,675
14,078

12. Cash in Bank and at hand
12. Cash in Bank and at hand
Current Accounts
Short term Deposits -
COIF
CAF deposit
13. Debtors : amounts falling after one year
Loan to Exeter Division for support of refurbishment of Trefoil Lodge		 2021
2020
£
£
45,978
35,103
63,589
63,581
147,574
147,559
257,141
246,243
2021
2020
£
£
8,000
-

14. Creditors and accruals

and accruals
Trade creditors
Accruals and deferred income
Other creditors		 2021
2020
2021
2020
£
£
£
£
-
-
-
-
15,339
5,671
-
-
620
651
-
-
within one year
after one year
Amounts falling due
Amounts falling due
15,959
6,322
-
-

Page 14