REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
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 2023
| Page | |
|---|---|
| General Information | 1 - 2 |
| Report of the Trustees | 3 - 5 |
| Report of the Independent Examiner | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 - 17 |
THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS GIRLGUIDING DEVON
GENERAL INFORMATION for the year ended 31 December 2023
TRUSTEES:
Mrs J Corbyn (County Commissioner until 31 December 2023) Mrs L Parker (County Commissioner from 1 January 2024) Mrs L Dixon (Assistant County Commissioner until 31 December 2023) Mrs J Langridge (Assistant County Commissioner until 31 December 2023) Mrs J Blackwell ( Assistant County Commissioner until 31 December 2023) Miss C Bennett (Assistant County Commissioner from 1 January 2024) Mrs S Maczugowska (Assistant County Commissioner from 1 January 2024) Miss J Simons (Division Commissioner Okehampton and Holsworthy) Mrs N Ridge (Division Commissioner Plymouth East until 9 November 2023 ) Mrs H Richardson (Division Commissioner Plymouth East from 10 November 2023 Mrs R Bishop (Division Commissioner Taw and Torridge until 22 May 2023) Mrs W Evans( (Division Commissioner Taw and Torridge from 23 May 2023) Mrs S Maczugowska (Division Commissioner Tavy until 31 December 2023) Mrs L Warne (Division Commissioner Tavy from 1 January 2024) Mrs J Saxton (Division Commissioner Teignbridge until 9 November 2023) Miss S Lamble(Division Commissioner Teignbridge from 10 November 2023) Mrs L Parker (Division Commissioner Plympton until 31 December 2023) Miss R Smith (Division Commissioner Plympton from 1 January 2024) Mrs K Short (Division Commissioner Axminster until 30 August 2023) Ms L Carter (Division Commissioner Axminster from 31 August 2023) Miss J Shute (Division Commissioner Exeter) Mrs V Burton (Division Commissioner Plym) Mrs R Swain (Division Commissioner Tiverton) Mrs R Offerdal (Division Commissioner Torbay) Mrs H Kingdom (Division Commissioner Honiton) Mrs M Smith (Division Commissioner Plymouth West ) Mrs E Fisher (Division Commissioner Exmouth from 21 Febuary 2023 Mrs S Reynolds(Division Commissioner Erme Valley) Mrs P Stubbington (Division Commissioner North Devon) Mrs S Jones (Division Commissioner Totnes)
page 1 continue page 2
CUSTODIAN TRUSTEE
The Guide Association Trust Corporation
COUNTY ADMINISTRATOR: Mrs L McLean CHARITY REGISTRATION NUMBER: 301072 INDEPENDENT EXAMINER: Clare Lillington FMAAT 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 2
THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS GIRLGUIDING DEVON
REPORT OF THE TRUSTEES for the year ended 31 December 2023
The trustees present their report with the financial statements of the Devon County Guide Association for the year ended 31 December 2023. 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.
Page 3
continued on page 4
THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS GIRLGUIDING DEVON
REPORT OF THE TRUSTEES
for the year ended 31 December 2023
continued from page 3
ACHIEVEMENTS AND PERFORMANCE
2023 continued to see our membership numbers increasing and normal Guiding activities in full swing again. The local Gang Shows continued and really showcase how versatile our members can be.
To celebrate the Coronation of King Charles the third, there was a special light, lit by the County Commissioner that went out to all members via Division and Districts and once a member saw the Light and signed or drew a picture on their Unit Scroll, received a special badge. The scrolls were joined all together by the County Team by rolling them tightly into a special package which was forwarded to the Palace in time for the Kings Coronation.
Many members enjoyed residentials at home and abroad, during the year which included the County Freedom Camp, where Brownies, Guides, Rangers, Leaders and Trefil Guild members joined together for a fun full week camp.
The Devon Girlguiding County Show team once again took 29 Guides and Rangers off to Westpoint where the team formed the messenger service for the Devon County Show. Members of all ages took part in the S W Region Day/Night with the Tigers at Dartmoor Zoo.
Many units in the County travelled to Bishopsteignton to take part in the Hurdlestone Challenge again in June and the Guides managed to win 6 of the challenge bases this year.
Exeter Division set up a new Skypark units which are taking in girls from the refugee families who are currently staying in Exeter.
During the year many awards were presented, a Devon County Commissioner’s Special Award to Frankie, a Brownie from Cockingham.
Leaders were awarded County Standard Awards, Devon Star Good Service awards and the Devon Appreciation awards.
Other awards presented to girls around the County included a Commonwealth Award, 89 Rainbow Gold Awards, 138 Brownie Gold Awards, 38 Guide Gold Awards and 4 Ranger Gold Awards. For these awards they have had to cover all skills within the programme and have improved upon them at different levels through their time with us.
The following Long Service awards were presented to our volunteers 60x 5 years; 40 x 10 years; 18 x 20 years; 10 x 30 years and 2 x 40 years
Many other activities and initiatives in which our members have taken part, are in reports included in our bimonthly newsletter, 'Devon Star” and information of opportunities are found on our County website, and other Social media platforms.
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.
Page 4
THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS GIRLGUIDING DEVON
REPORT OF THE TRUSTEES
for the year ended 31 December 2023
continued from page 4
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:
-
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.
-
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:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the applicable Charities SORP;
-
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 statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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 Laura Parker Sarah Maczugowska Position County Commissioner Assistant County Commissioner Date 24/04/2024
Page 5
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 2023
as set out on pages 7 to 17
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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records;
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.
Accountant
Clare Lillington FMAAT Date 25/ 05 / 2024 Raddon Station Hill Chudleigh Newton Abbot Devon TQ13 0EE
Page 6
THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS GIRLGUIDING DEVON
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2023
| 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 2023 2022 £ £ £ £ 54,061 - 54,061 354 28,848 - 28,848 31,482 9,361 - 9,361 6,708 9,212 - 9,212 4,719 |
|---|---|
| 101,482 - 101,482 43,263 |
|
| 8,148 - 8,148 5,698 75,936 - 75,936 102,438 |
|
| 84,084 - 84,084 108,136 |
|
| 17,399 - 17,399 64,873 - 35,505 - 35,505 62,076 - |
|
| 52,904 - 52,904 126,949 - - - - - - - |
|
| 52,904 - 52,904 126,949 - 1,089,242 - 1,089,242 1,216,191 |
|
| 1,142,146 - 1,142,146 1,089,242 |
The notes form part of these financial statements
Page 7
THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS GIRLGUIDING DEVON
BALANCE SHEET
as at 31 December 2023
| Notes Fixed assets: Tangible assets 8 Investments 9 Current assets: Stocks 10 Debtors 11 Cash at bank and in hand 12 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 2023 2022 £ £ £ £ 470,766 - 470,766 467,659 449,213 - 449,213 413,708 |
|---|---|
| 919,979 - 919,979 881,367 |
|
| 11,783 - 11,783 9,917 1,912 - 1,912 2,634 207,024 - 207,024 193,640 |
|
| 220,719 - 220,719 206,191 |
|
| 4,000 - 4,000 6,000 |
|
| 224,719 224,719 212,191 |
|
| 2,552 - 2,552 4,316 |
|
| 222,167 - 222,167 207,875 |
|
| 1,142,146 - 1,142,146 1,089,242 |
|
| - - - 751,834 - 751,834 698,930 390,312 390,312 390,312 |
|
| 1,142,146 - 1,142,146 1,089,242 |
These financial statements were approved by the members of the Executive Committee o 24 April 2024
Laura Parker Sarah Maczugowska County Commissioner Assistant County Commissioner
The notes form part of these financial statements
Page 8
THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS
GIRLGUIDING DEVON
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023
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 10
Page 9
THE DEVON COUNTY GUIDE ASSOCIATION
OPERATING AS GIRLGUIDING DEVON
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023
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 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 10
THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS
GIRLGUIDING DEVON
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2023
3. Analysis of income
| 3. Analysis of | income | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| Funds | Funds | 2023 | 2022 | |||
| Donations and legacies | £ | £ | £ | £ | ||
| Subscriptions | None 2022 | 52,830 | - | 52,830 | - | |
| Other donations | 231 | - | 231 | 354 | ||
| Legacies | 1,000 | - | 1,000 | - | ||
| 54,061 | - | 54,061 | 354 | |||
| Charitable activities | ||||||
| Events - | ||||||
| - Outside activities | - | - | - | 500 | ||
| - International | 595 | - | 595 | 385 | ||
| - D of E | 591 | - | 591 | 72 | ||
| - Devon County Show | 107 | - | 107 | 62 | ||
| - Miscellaneous | - | - | 18 | |||
| Income from properties* | ||||||
| - Bowermans | 8,886 | - | 8,886 | 5,430 | ||
| - Taw Bottom | 16,378 | - | 16,378 | 19,475 | ||
| Fundraising for other charities | 2,291 | - | 2,291 | 5,540 | ||
| 28,848 | - | 28,848 | 31,482 | |||
| Other trading | activities | |||||
| Souvenir sales - Bowermans | 24 | - | 24 | - | ||
| Souvenir sales - Taw Bottom | 687 | - | 687 | 824 | ||
| Sale of badges etc | 8,650 | - | 8,650 | 5,884 | ||
| 9,361 | - | 9,361 | 6,708 | |||
| Investments | Income from investments | 4,561 | - | 4,561 | 4,354 | |
| Interest from Banks | 4,651 | - | 4,651 | 365 | ||
| 9,212 | - | 9,212 | 4,719 |
- The properties are not investment properties, they are held to further the charitable activities.
Page 11
THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS GIRLGUIDING DEVON
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2023
4. Analysis of expenditure
| Raising funds Bowermans souvenirs Taw Bottom souvenirs Badges and guide wear Charitable activities Grants Events - Cricket/Clinton Shield - International - D of E - Outdoor activities - County Devon Together - County Events 2023 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, Awards & Thanks Insurance Finance costs Rent PR costs Office Repairs & renewals Information - Devon Star 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 2023 2022 £ £ £ £ 737 - 737 - 415 - 415 1,331 6,996 - 6,996 4,367 |
|---|---|
| 8,148 - 8,148 5,698 |
|
| 1,145 - 1,145 - - - - 100 1,674 - 1,674 1,222 625 - 625 170 180 - 180 2,751 - - 33,279 7,129 7,129 - 11,586 11,586 1,738 5,919 5,919 6,755 7,139 - 7,139 12,895 8,150 - 8,150 8,283 1,201 - 1,201 5,540 |
|
| 44,749 - 44,749 72,733 |
|
| 1,634 - 1,634 616 998 - 998 533 7,024 - 7,024 4,541 882 - 882 760 1,104 - 1,104 889 1,058 1,058 242 1,265 - 1,265 1,231 401 - 401 81 3,374 - 3,374 3,297 962 - 962 515 - - - 141 7,377 - 7,377 6,505 1,289 - 1,289 5,259 - - - 250 31 - 31 - 1,922 - 1,922 888 |
|
| 29,321 - 29,321 25,748 |
|
| 1,865 - 1,865 3,958 |
All Support and Governance costs have been allocated to the charitable activities as there are minimal costs
Page 12
THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS GIRLGUIDING DEVON
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2023
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 The Charity employs one part time administrator. |
2023 £ 1,865 18 2023 £ - 2023 £ 7,024 - - 7,024 |
2022 £ 3,958 |
|---|---|---|
| 20 | ||
| 2022 £ 100 - 2022 £ 4,541 - - |
||
| 4,541 | ||
No remuneration was paid to any of the trustees.
Page 13
THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS GIRLGUIDING DEVON
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2023
| 8. Tangible fixed assets Cost or Valuation Balance at 1 January 2023 Additions Disposals Revaluation Balance at 31 December 2023 Accumulated depreciation Balance at 1 January 2023 Charge for year Disposals Balance at 31 December 2023 Net book value As at 31 December 2023 As at 31 December 2022 The historical cost is as follows: Bowermans Taw Bottom Total |
Freehold land Equipment Total & buildings £ £ £ 465,000 14,149 479,149 - 5,060 5,060 - (1,000) (1,000) - - 465,000 18,209 483,209 Basis RB Rate 25% - 11,490 11,490 - 1,922 1,922 - (969) (969) - 12,443 12,443 465,000 5,766 470,766 465,000 2,659 467,659 £ 31,093 43,595 74,688 Page 14 |
Freehold land Equipment Total & buildings £ £ £ 465,000 14,149 479,149 - 5,060 5,060 - (1,000) (1,000) - - |
|---|---|---|
| 465,000 18,209 483,209 |
||
| RB 25% - 11,490 11,490 - 1,922 1,922 - (969) (969) |
||
| - 12,443 12,443 |
||
| 465,000 5,766 470,766 |
||
| 465,000 2,659 467,659 |
THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS GIRLGUIDING DEVON
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2023
9. Investments assets
£
9.1 Fixed asset investments Market value at 1 January 2023 413,708 Add - additions to investments at cost - - Less - disposals at cost - Add - realised gain on sale of investments Add - unrealised gain on revaluation 35,505 Less - unrealised Loss on revaluation - Market value at 31 December 2023 449,213
Market Income from 9.2 Analysis of investments Value Investments 31.12.23 for the year £ £ Investments listed on a recognised stock exchange 442,999 4,561 Cash held 6,215 - 449,213 4,561
Material investment holdings
| ment holdings | ||
|---|---|---|
| Investment held | Market value | |
| 31 December 2023 | ||
| £ | ||
| City of London Inc Ord GBP 0.25 | 5800.00 | 23,751 |
| Evenlode inv mgmt tb evenlode income d | 12488.10 | 32,475 |
| Findlay Park Fds American GBP Hedged | 500.00 | 48,460 |
| Fundsmith LLP Equity I Inc Nav | 7986.73 | 47,320 |
| Guardcap global equity | 1875.00 | 56,979 |
| Ishares physical m ishs phys gold etc usd | 485.00 | 15,307 |
| Baille Gofford Responsible Global Income W | 16300.00 | 26,732 |
| Link Fund Sol ltd trojan is inc | 7581.88 | 23,994 |
| Fiera AtlasCapital Global companies | 5885.55 | 61,086 |
| Smithson inv Trust ord | 1675.00 | 23,701 |
| WS Evenlode inv fd ws evenlode gbl inc f gb | 26225.00 | 38,698 |
| UK (Government of) 0.25%BDS | 15000.00 | 14,375 |
| M&G UK Inflation Linked Bond | 14023.84 | 15,444 |
| Twentyfour Absolute Return Credit AQNG | 150.43 | 14,676 |
| 442,998.71 |
Page 15
THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS GIRLGUIDING DEVON
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2023
| 10. Stock Charitable activities: Badges D of E resources Trading activities: Badges Guide wear Taw Bottom Souvenirs Bowermans Souvenirs Total |
For distribution 2023 £ 3,031 - |
For resale For distribution For resale 2023 2022 2022 £ £ £ - 3,190 - 411 - 295 |
|---|---|---|
| 3,031 | 411 3,190 295 |
|
| - - - - |
5,335 - 4,105 673 - 672 1,371 - 468 963 - 1,187 |
|
| - | 8,342 - 6,432 |
|
| 11,783 9,916 |
11. Debtors and prepayments
| 11. Debtors and prepayments | |||
|---|---|---|---|
| Amounts falling | due | ||
| within one year | |||
| 2023 | 2022 | ||
| £ | £ | ||
| Trade debtors | - | - | |
| Other debtors | 1,384 | 1,039 | |
| Prepayments and accrued income | 528 | 1,595 | |
| Loan | - | - | |
| 1,912 | 2,634 | ||
| 12. Cash in Bank and at hand | 2023 | 2022 | |
| £ | £ | ||
| Current Accounts & Cash | 51,422 | 47,496 | |
| Short term Deposits - | |||
| COIF | 67,023 | 64,209 | |
| CAF deposit | 88,580 | 81,934 | |
| 207,024 | 193,639 |
Page 16
THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS GIRLGUIDING DEVON
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2023
| 13. Debtors : amounts falling after one year Loan to Exeter Division for support of refurbishment of Trefoil Lodge 14. Creditors and accruals |
2023 £ 4,000 |
2022 £ 6,000 |
|---|---|---|
| and accruals | |
|---|---|
| Trade creditors Accruals and deferred income Other creditors |
2023 2022 2023 2022 £ £ £ £ - - - - 1,460 4,187 - - 1,092 129 - - Amounts falling due within one year Amounts falling due after one year |
| 2,552 4,316 - - |
Page 17