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2022-12-31-accounts

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

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 2022

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 2022

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) until 9 October 2022
Miss J Simons (Division Commissioner Okehampton and Holsworthy) from 10 October 2022
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) unitl 31 July 2022
Mrs V Burton (Division Commissioner Plym) from 1 August 2022
Mrs R Hartley (Division Commissioner Tiverton) until 31 August 2022
Mrs R Swain (Division Commissioner Tiverton) from 1 September 2022
Mrs R Offerdal (Division Commissioner Torbay)
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: Mrs L McLean
CHARITY REGISTRATION NUMBER: 301072
INDEPENDENT EXAMINER: Mrs C Lillington FMATT
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: Evelyn Partners
45 Gresham Street
London
EC2V 7BG

Page 1

THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS GIRLGUIDING DEVON

REPORT OF THE TRUSTEES

for the year ended 31 December 2022

The trustees present their report with the financial statements of the Devon County Guide Association for the year ended 31 December 2022. 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 Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), (effective on 1 January 2019).

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

2022 saw the County returning to more group gatherings and fun for all. Bringing all new challenges as Girlguiding grew once again. February saw our “Devon Together” event in Exeter, where 1600 members of all ages came together, while many others enjoyed joining us virtually. it helped the younger girls to realise that being a member means that they have something in common with hundreds of other girls in the County. The four sculptures that were completed during the day were placed around the County. The local councils were keen to move them around their town so that even more people in the community would be able to see them.

The Queen’s Platinum Jubilee celebrations in June, saw the County host one of the official Girlguiding beacons. A suitable site was found in Merton where the County Team alongside local people joined the Division units, leaders and parents celebrating. Many other beacons around our County were lit at the same time.

Then shortly after, we mourned the passing of our Queen and Patron of 70 years who was our dedicated patron from 1953 – 2022. As a Guide and a Ranger, she reminded us of the esteem she had for our organisation – our promise and law are what she always strove to fulfil. May she rest in peace after such dedicated service to us all.

Exeter, Plymouth, and Bovey Tracey held their gang shows with Guides, Brownies and Leaders taking part with Scouts and Cubs. All three were great fun and provided new opportunities for our girls to learn more about singing and acting.

The summer months brought back some normality to Girlguiding as many Units went out and about including overnights, camping, and holidaying at Bowermans or with PGL etc. A lot of our girls took part in the Hurdlestone Challenge and a team from Kingsbridge Guides managed overall third place out of over 90 teams that took part. Some of our leaders enjoyed a great day at Dartington learning camp skills. Several of our members joined the Devon County Show Team supporting all events going on there showing Girlguiding presence and letting people in the County see the girls in action.

Taw Bottom County Camp site unfortunately started the process of losing many of its trees due to the ash dieback disease. As part of the Devon Together event, Members of Devon Trefoil Guild and Leaders spent a day planting many young saplings that will eventually bring Taw Bottom back to the lush green area that we have known and loved over the past years.

Many awards were presented during the year including 3 County Standard Awards, 11 Devon Appreciation award to adults. Awards presented to girls around the County included 2 Queen’s Guides Awards, 66 Rainbow Gold Awards, 122 Brownie Gold Awards, 43 Guide Gold Awards and 3 Ranger Gold Awards. For these awards they have had to cover all skills within the programme and have improved upon them at different levels throughout their time with us.

The following Long Service awards were presented to our volunteers during the year, 48 x 5 year. 20 x 10 years; 18 x 20 years; 7 x 30 years; 7 x 40 years and 3 x 50 years.

By the end of the year most units were back meeting indoors safely as our Devon leaders work together to keep Girlguiding ali ve. We are now increasing our numbers once again.

Page 2

continued on page 3

THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS GIRLGUIDING DEVON

REPORT OF THE TRUSTEES for the year ended 31 December 2022

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 (Evelyn Partners ) 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 2022 was (12.1)% (2021 14.8%) against a target return of 10.7% UK CPI (2021 - 5.1%).

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. Signed on behalf of the charity's trustees

Full name Mrs Jean Corbyn Position County Commissioner Date 01 October 2023

Mrs Jeanne Langridge

Assistant County Commissioner 01 October 2023

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 2022 as set out on pages 5 to 14

Independent examiner's report to the trustees of The Devon County Guide Association.

I report to the charity trustees on my examination of the accounts of The Devon County Guide Association (the Charity) for the year ended 31 December 2023.

Responsibilities and basis of report

As the charity trustees of the Charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity’s accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's 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:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning 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 fair view 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.

Clare Lillington FMAAT 2 October 2023

Raddon Station Hill Chudleigh Newton Abbot Devon TQ13 0EE

Page 4

THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS GIRLGUIDING DEVON

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2022

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/(losses)
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
2022
2021
£
£
£
£
354
-
354
38,788
31,482
-
31,482
11,744
6,708
-
6,708
6,018
4,719
-
4,719
3,783
43,263
-
43,263
60,333
5,698
-
5,698
4,918
102,438
-
102,438
44,945
108,136
-
108,136
49,863
64,874
-
-
64,874
-
10,470
62,076
-
-
62,076
-
59,335
126,949
-
-
126,949
-
69,805
-
-
-
-
-
-
126,949
-
-
126,949
-
69,805
1,216,191
-
1,216,191
1,146,386
1,089,242
-
1,089,242
1,216,191

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 2022

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
2022
2021
£
£
£
£
467,659
-
467,659
468,547
413,708
-
413,708
475,784
881,367
-
881,367
944,331
9,917
-
9,917
10,003
2,634
-
2,634
12,675
193,640
-
193,640
257,141
206,191
-
206,191
279,819
6,000
-
6,000
8,000
212,191
212,191
287,819
4,316
-
4,316
15,959
207,875
-
207,875
271,860
1,089,242
-
1,089,242
1,216,191
-
-
-
698,930
-
698,930
825,879
390,312
390,312
390,312
1,089,242
-
1,089,242
1,216,191

These financial statements were approved by the members of the Executive Committee on 01 October 2023 Mrs Jean Corbyn Mrs Jeanne Langridge County Commissioner 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 2022

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) (effective from 1 January 2019) 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 are 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 2022

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 charity 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 full 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 amount 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 trade 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 2022

3. Analysis of income

Donations and legacies
Subscriptions
None received 2022
Other donations
Legacies
Charitable activities
Events -
- Outside activities
- International -Including Repayment of Grant
- D of E
- Freedom camp
- Miscellaneous
- Clinton Shield / Cricket
- Devon County Show
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 from Banks		 Unrestricted
Restricted
Total
Total
Funds
Funds
2022
2021
£
£
£
£
-
-
-
37,979
354
-
354
809
-
-
-
354
-
354
38,788
500
-
500
-
385
-
385
2,100
72
-
72
134
-
-
-
-
18
18
-
-
-
-
70
62
-
62
-
5,430
-
5,430
2,451
19,475
-
19,475
6,989
5,540
-
5,540
-
31,482
-
31,482
11,744
-
-
-
29
824
-
824
110
5,884
-
5,884
5,879
6,708
-
6,708
6,018
4,354
-
4,354
3,767
365
-
365
16
4,719
-
4,719
3,783

Page 9

THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS GIRLGUIDING DEVON

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2022

4. Analysis of expenditure
Raising funds
Bowermans souvenirs
Taw Bottom souvenirs
Badges and guide wear
Charitable activities
Grants
Events -
- Cricket/Clinton Shield-2021 Bal
- International
- D of E
- Outdoor activities
- Miscellaneous Activities
County Devon Together
County training weekend
Property -
Bowermans
- Maintenance
- Other Expenses
Taw Bottom
- Maintenance
- Other Expenses
Fundraising for other charities
Support costs
Administration expenses
Annual Subscriptions
Salary
Website costs
County Commissioner costs
County Badges and Awards
Insurance
Finance costs
Rent
PR costs
Office Repairs & renewals
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 meeting costs		 Unrestricted
Restricted
Total
Total
Funds
Funds
2022
2021
£
£
£
£
-
-
-
-
1,331
-
1,331
-
4,367
-
4,367
4,918
5,698
-
5,698
4,918
-
-
-
-
100
-
100
218
1,222
-
1,222
-
170
-
170
111
2,751
-
2,751
31
-
-
-
33,279
33,279
-
-
-
-
1,738
1,738
1,598
6,755
6,755
2,631
12,895
-
12,895
5,778
8,283
-
8,283
5,122
5,540
-
5,540
-
72,733
-
72,733
15,489
616
-
616
955
533
-
533
2,031
4,541
-
4,541
4,836
760
-
760
216
889
-
889
361
242
242
-
1,231
-
1,231
1,104
81
-
81
97
3,297
-
3,297
3,869
515
-
515
-
141
-
141
402
6,505
-
6,505
8,760
-
-
-
-
5,259
-
5,259
4,316
250
-
250
250
-
-
45
888
-
888
1,183
25,747
-
25,747
28,425
3,958
-
3,958
1,031
3,958
-
3,958
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 2022

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		 2022
£
3,958
20
2022
£
-
-
2022
£
4,541
-
-
4,541		 2021
£
1,295
16
2021
£
-
-
2021
£
4,836
-
-
4,836

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 2022

8. Tangible fixed assets

ed assets
ion
Balance at 1 January 2022
Additions
Disposals
Revaluation
Balance at 31 December 2022
depreciation
Basis
Rate
Balance at 1 January 2022
Charge for year
Disposals
Balance at 31 December 2022
e
As at 31 December 2022
As at 31 December 2021		 Freehold land
Equipment
Total
& buildings
£
£
£
465,000
14,149
479,149
-
-
-
0
-
-
465,000
14,149
479,149
RB
25%
-
10,602
10,602
-
888
888
-
-
-
-
11,490
11,490
465,000
2,659
467,659
465,000
3,547
468,547

Cost or Valuation

Accumulated depreciation

Net book value

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 2022

9. Investments assets

----- Start of picture text -----
£
----- End of picture text -----

9.1 Fixed asset investments Market value at 1 January 2022 475,784 Add - additions to investments at cost - - Less - disposals at cost - Add - realised gain on sale of investments Add - unrealised gain on revaluation Less - unrealised Loss on revaluation - 62,076 Market value at 31 December 2022 413,708

9.2 Analysis of investments Investments listed on a recognised stock exchange Cash held as part of the investment portfolio

Market Income from
Value Investments
31.12.22 for the year
£ £
410,530 3,733
3,178 -
413,708 3,733

Material investment holdings

ment holdings
Investment held Market value
31 December 2022
£
City of London Inc Ord GBP 0.25 5800.00 23,809
Evenlode inv mgmt tb evenlode income d 12488.10 30,480
Findlay Park Fds American GBP Hedged 500.00 38,515
Fundsmith LLP Equity I Inc Nav 7986.73 42,197
Guardcap global equity 2115.00 57,135
Ishares physical m ishs phys gold etc usd 485.00 14,274
Link Fund Sol ltd trojan income s inc 15716.74 27,253
Link Fund Sol ltd trojan is inc 7581.88 23,416
Fiera AtlasCapital Global companies 34800.00 52,301
Smithson inv Trust ord 1675.00 21,909
T Bailey Fund serv evenlode 26225.00 36,280
UK (Government of) 0.25%BDS 15000.00 13,968
M&G UK Inflation Linked Bond 14023.84 14,624
Twentyfour Absolute Return Credit AQNG 150.43 14,371
410,530

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
2022
2022
2021
£
£
£
3,190
-
2,732
-
295
-		 For distribution
For resale
For distribution
2022
2022
2021
£
£
£
3,190
-
2,732
-
295
-		 For resale
2021
£
-
276
3,190 295
2,732		 276
-
-
-
-		 4,105
-
672
-
468
-
1,187
-		 3,955
514
1,340
1,187
- 6,432
-		 6,996
9,917
10,003

Page 13

THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS GIRLGUIDING DEVON

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2022

11. Debtors and prepayments

Amounts falling due within one year 2022 2021 £ £ Trade debtors - - Other debtors 1,039 1,412 Prepayments and accrued income 1,595 11,263 Loan - - 2,634 12,675

12. Cash in Bank and at hand
12. Cash in Bank and at hand
Current Accounts & Cash
Short term Deposits -
COIF
CAF deposit
13. Debtors : amounts falling after one year
Loan to Exeter Division for support of refurbishment of Trefoil Lodge		 2022
2021
£
£
47,496
45,978
64,209
63,589
81,934
147,574
193,640
257,141
2022
2021
£
£
6,000
8,000
and accruals Amounts falling due Amounts falling due Amounts falling due
within one year after one year
2022 2021 2022 2021
£ £ £ £
Trade creditors - - - -
Accruals and deferred income 4,187 15,339 - -
Other creditors 129 620 - -
4,316 15,959 - -

14. Creditors and accruals

Page 14