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2024-12-31-accounts

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

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 2024

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 2024

TRUSTEES: 21

Mrs L Parker (County Commissioner from 1 January 2024) Miss C Bennett (Assistant County Commissioner from 1 January 2024) Mrs S Maczugowska (Assistant County Commissioner from 1 January 2024) Mrs J Langridge (Treasurer from 26 September 2024) Mrs K Phillips (Treasuer from 26 September 2024) Miss J Simons (Division Commissioner Okehampton and Holsworthy) Mrs H Richardson (Division Commissioner Plymouth East ) Mrs W Evans( (Division Commissioner Taw and Torridge ) Mrs L Warne (Division Commissioner Tavy from 1 January 2024) Miss S Lamble (Division Commissioner Teignbridge) Ms L Carter (Division Commissioner Axminster ) Miss J Shute (Division Commissioner Exeter) Mrs V Burton (Division Commissioner Plym) Mrs R Swain (Division Commissioner Tiverton) Mrs R Offerdal (Division Commissioner Torbay to 29 March 2025) Mrs J Jones ( (Division Commissioner Torbay from 30 March 2025) Mrs H Kingdom (Division Commissioner Honiton to 15 April 2025) Mrs T Sillitoe (Division Commissioner Honiton from 16 April 2025 Mrs M Smith (Division Commissioner Plymouth West to 31 Decemebr 2024 ) Ms L Ferris (Division Commissioner Plymouth West from 1 January 2025 ) Mrs E Fisher (Division Commissioner Exmouth ) Mrs S Reynolds (Division Commissioner Erme Valley) Mrs P Stubbington (Division Commissioner North Devon) Mrs S Jones (Division Commisioner Totnes)

page 1 continue page 2

CUSTODIAN TRUSTEE The Guide Association Trust Corporation COUNTY ADMINISTRATOR: Andrea Duffett 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 2024

The trustees present their report with the financial statements of the Devon County Guide Association for the year ended 31 December 2024. 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 2024

continued from page 3

ACHIEVEMENTS AND PERFORMANCE

2024 has been another fantastic year for Girlguiding Devon, with our membership increasing and an exciting calendar of events bringing our members together.

This year our members took part in a wide range of activities, camps, and events throughout the year. Division events included gang shows, carnivals, visits to warships, cinema trips, and visits to castles, parks and zoos. One of the highlights was the County Adventure to Crealy where over 2,400 Rainbows, Brownies, Guides, Rangers and Leaders joined forces for an action-packed experience filled with fun, excitement and making new friends.

International opportunities also flourished, with groups travelling abroad for camps and cultural exchanges, broadening their horizons and making lifelong memories.

It was also pleasing to see our Police badge continuing to be successful and we began to build new collaborations with organisations like the Dartmoor Park Authority, Exeter Science Park and the National Trust. As the days lengthened our outdoor activities really took centre stage, with Taw Bottom (our county camp site) hosting its first section outdoor activity day in September with over 70 Guides, rangers and leaders having the opportunity to explore all that Taw Bottom had to offer. The Devon County Show once again saw our members taking on key roles, with 30 Guides and Rangers forming the messenger service. Hurdlestone weekend saw units enjoying this joint activity weekend with scouts. And once archery training was complete, and equipment renewed, work began to bring this exciting activity to units right across the county.

Girlguiding Devon has continued to expand its inclusivity efforts, with new units welcoming girls from diverse backgrounds. We have also supported our volunteers with training, networking opportunities, and recognition of their hard work. This year, we presented numerous county standard and appreciation awards and have just launched three new county awards to recognise those that grow guiding, offer inspirational leadership and achieve outstanding work as a team. Additionally, volunteers were honoured with Long Service Awards, including 42 x 5 years, 36 x 10 years, 14 x 20 years, 10 x 30 years, and 5 x 40 years, 4 x 50 years, and 1 x 60 years of dedication to guiding.

Throughout the year, members have engaged in community service projects, environmental initiatives, and fundraising efforts, demonstrating the values of Girlguiding in action. Many of these inspiring stories have been shared in our bi-monthly newsletter, ‘Devon Star,’ as well as on our website and social media platforms. As we reflect on another successful year, we extend our heartfelt thanks to all our dedicated volunteers, parents, and supporters who make Girlguiding Devon the vibrant and inclusive community that it is. We look forward to 2025 and all the opportunities it will bring for our members!

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 2024

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:

  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 Laura Parker Sarah Maczugowska Position County Commissioner Assistant County Commissioner Date 25/06/2025

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 2024

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 2024.

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.

Accountant

Clare Lillington FMAAT Date 11 / 09 / 2025 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 2024

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
2024
2023
£
£
£
£
41,969
-
41,969
54,061
26,196
-
26,196
28,848
5,551
-
5,551
9,361
9,975
-
9,975
9,212
83,691
-
83,691
101,482
2,766
-
2,766
8,148
112,798
-
112,798
75,936
115,564
-
115,564
84,084
31,873
-
-
31,873
-
17,399
20,317
-
20,317
35,505
11,555
-
-
11,555
-
52,904
-
-
-
-
-
-
-
-
11,555
-
-
11,555
-
52,904
1,142,146
-
1,142,146
1,089,242
1,130,591
-
1,130,591
1,142,146

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 2024

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
2024
2023
£
£
£
£
469,523
-
469,523
470,766
469,531
-
469,531
449,213
939,054
-
939,054
919,979
13,661
-
13,661
11,783
864
-
864
1,912
179,944
-
179,944
207,024
194,469
-
194,469
220,719
-
-
-
4,000
194,469
194,469
224,719
2,932
-
2,932
2,552
191,537
-
191,537
222,167
1,130,591
-
1,130,591
1,142,146
-
-
-
740,279
-
740,279
751,834
390,312
390,312
390,312
1,130,591
-
1,130,591
1,142,146

These financial statements were approved by the members of the Executive Committee on

25 June 2025

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 2024

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 2024

2. ACCOUNTING POLICIES

continued from page 9

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

Page 10

THE DEVON COUNTY GUIDE ASSOCIATION

OPERATING AS GIRLGUIDING DEVON

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 December 2024

3. Analysis of income

Donations and legacies
Subscriptions
Other donations
Legacies
Charitable activities
Events -
- International
- D of E
- 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
2024
2023
£
£
£
£
36,744
-
36,744
52,830
225
-
225
231
5,000
-
5,000
1,000
41,969
-
41,969
54,061
420
-
420
595
96
-
96
591
-
-
-
107
8,131
-
8,131
8,886
17,549
-
17,549
16,378
-
-
-
2,291
26,196
-
26,196
28,848
57
-
57
24
469
-
469
687
5,026
-
5,026
8,650
5,551
-
5,551
9,361
4,466
-
4,466
4,561
5,510
-
5,510
4,651
9,975
-
9,975
9,212

Page 11

THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS

GIRLGUIDING DEVON

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024

4. Analysis of expenditure

Raising funds
Bowermans souvenirs
Taw Bottom souvenirs
Badges and guide wear
Charitable activities
Grants - International
Events - International
- D of E
- Outdoor Team activities
- Outdoor - Archery & Fencing
- County Events - Volunteer Day
- County Events - Crealy Day
- County Show - Messenger service
Property -
Bowermans - Maintenance
- Other Expenses
Taw Bottom - Maintenance
- Other Expenses
Fundraising for other charities
Support costs
Administration expenses
Annual Subscriptions
Salary
Website & Internet costs
County Commissioner costs
County Executive & Members costs
County Badges, Awards & Thanks
Insurance
Finance costs
Rent
PR costs
Information - Devon Star
Learning, Support and Development team
Loss on disposal of assets
Depreciation
Governance costs
County Executive and Task and Finish meeting costs		 Unrestricted
Restricted
Total
Total
Funds
Funds
2024
2023
£
£
£
£
501
-
501
737
712
-
712
415
1,553
-
1,553
6,996
2,766
-
2,766
8,148
3,702
-
3,702
1,145
656
-
656
1,674
91
-
91
625
1,395
-
1,395
180
6,019
-
6,019
-
10,396
-
10,396
7,129
20,953
-
20,953
-
101
-
101
-
10,652
-
10,652
11,586
5,052
-
5,052
5,919
7,974
-
7,974
7,139
7,327
-
7,327
8,150
1,738
-
1,738
1,201
76,055
-
76,055
44,749
1,033
-
1,033
1,634
808
-
808
998
9,184
-
9,184
7,024
1,134
-
1,134
882
1,605
-
1,605
1,104
64
-
64
-
2,216
2,216
1,058
1,359
-
1,359
1,265
419
-
419
401
3,463
-
3,463
3,374
2,929
-
2,929
962
7,180
-
7,180
7,377
2,121
-
2,121
1,289
120
-
120
31
1,507
-
1,507
1,922
35,141
-
35,141
29,321
1,602
-
1,602
1,865

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 2024

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
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.
No remuneration was paid to any of the trustees.		 2024
£
3,206
21
2024
£
2024
£
9,184
-
-
9,184		 2023
£
1,865
18
2023
£
100
2023
£
7,024
-
-
7,024

Page 13

THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS

GIRLGUIDING DEVON

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024

8. Tangible fixed assets
Cost or Valuation
Balance at 1 January 2024
Additions
Disposals
Revaluation
Balance at 31 December 2024
Accumulated depreciation
Balance at 1 January 2024
Charge for year
Disposals
Balance at 31 December 2024
Net book value
As at 31 December 2024
As at 31 December 2023
The historical cost is as follows:
Bowermans
Taw Bottom
Total		 Freehold land
Equipment
Total
& buildings
£
£
£
465,000
18,209
483,209
-
385
385
-
2,849
2,849
-
-
465,000
15,745
480,745
Basis
RB
Rate
25%
-
12,443
12,443
-
1,507
1,507
-
(2,728)
(2,728)
-
11,222
11,222
465,000
4,523
469,523
465,000
5,766
470,766
£
31,093
43,595
74,688
Page 14		 Freehold land
Equipment
Total
& buildings
£
£
£
465,000
18,209
483,209
-
385
385
-
2,849
2,849
-
-
465,000
15,745
480,745
RB
25%
-
12,443
12,443
-
1,507
1,507
-
(2,728)
(2,728)
-
11,222
11,222
465,000
4,523
469,523
465,000
5,766
470,766

THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS GIRLGUIDING DEVON

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024

9. Investments assets

£ Market value at 1 January 2024 449,213 Add - additions to investments at cost - - Less - disposals at cost - Add - realised gain on sale of investments Add - unrealised gain on revaluation 20,317 Less - unrealised Loss on revaluation - Market value at 31 December 2024 469,531

9.1 Fixed asset investments

Market Income from Value Investments 31.12.24 for the year £ £ Investments listed on a recognised stock exchange 468,598 4,466 Cash held as part of the investment portfolio 933 - 469,531 4,466

9.2 Analysis of investments

Material investment holdings

Investment held

City of London Inc Ord GBP 0.25
5,800.00
Findlay Park Fds American GBP Hedged
445.00
Fundsmith Sustainable Equity
24,105.00
Guardcap global equity
4,230.00
Ishares physical gold etc
485.00
Baille Gofford Responsible Global Income W6INC
27,060.00
Link Fund Sol LTD Trojan is inc
6,801.88
Fiera Atlas Capital Global companies
4,390.00
Smithson inv Trust ord
1,675.00
IFSL Evenlode Global income F INC
26,225.00
UK (Government of) 0.125%
15,000.00
UK (Government of) 0.25%
25,000.00
M&G UK Inflation Linked Bond
14,023.84
VontobelFund Twentyfour ABST Return
150,434.00
Blackrock Fund Mangers Ltd - UNCONS EQ FD
32000.00		 Market value
31 December 2024
£
24,998.00
47,686.20
46,734.77
49,397.94
19,623
45,813
22,707
46,812
24,857
39,387
13,306
19,296
15,695
14,900
37,384
468,597.81

Page 15

THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS GIRLGUIDING DEVON

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 December 2024

10. Stock
Charitable activities:
Badges
D of E resources
Trading activities:
Badges
Guide wear & other items
Taw Bottom Souvenirs
Bowermans Souvenirs
Total		 For distribution
For resale
For distribution
2024
2024
2023
£
£
£
3,380
-
3,031
640
-		 For distribution
For resale
For distribution
2024
2024
2023
£
£
£
3,380
-
3,031
640
-		 For resale
2023
£
411
3,380 640
3,031		 411
-
-
-
-		 5,433
-
2,439
-
905
-
864
-		 5,335
673
1,371
963
- 9,641
-		 8,342
13,661
11,783

11. Debtors and prepayments

d prepayments
Trade debtors
Other debtors
Prepayments and accrued income
Loan		 within one year
2024
2023
£
£
16
-
675
1,384
174
528
-
-
Amounts falling due
864
1,912

12. Cash in Bank and at hand

nk and at hand
Current Accounts & Cash
Short term Deposits -
COIF
CAF deposit		 2024
£
48,492
70,457
60,995
179,944		 2023
£
51,422
67,023
88,580
207,025

Page 16

THE DEVON COUNTY GUIDE ASSOCIATION OPERATING AS GIRLGUIDING DEVON

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024

13. Debtors : amounts falling after one year

Loan to Exeter Division for support of refurbishment of Trefoil Lodge

2024 2023
£ £
- 4,000

14. Creditors and accruals

nd accruals
Accruals and deferred income
Other creditors		 2024
2023
2024
2023
£
£
£
£
2,803
1,460
-
-
129
1,092
-
-
Amounts falling due
within one year
Amounts falling due
after one year
2,932
2,552
-
-

Page 17