REGISTERED CHARITY NUMBER: 701963
Report of the Trustees and Unaudited Financial Statements for The Year Ended 30th June 2022
THE PROVINCIAL GRAND CHARITY OF THE PROVINCE OF DERBYSHIRE
Hadfields, Chartered Accountants Commerce House Chatsworth Road Chesterfield Derbyshire S40 3JZ
The Provincial Grand Charity of The Province of Derbyshire Contents of the Financial Statements for the Year Ended 30th June 2022
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 6 to 7 |
| Detailed Statement of Financial Activities | 8 |
THE PROVINCIAL GRAND CHARITY OF THE PROVINCE OF DERBYSHIRE
Report of the Trustees for the Year Ended 30th June 2022
The trustees present their report with the financial statements of the charity for the year ended 30th June 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
701963
Principal address
Derby Masonic Hall 457 Burton Road Littleover Derby Derbyshire DE23 6XX
Trustees
A S Varley G M Sisson J Acton
Independent Examiner
M.A. Hadfield OBE FCA Hadfields, Chartered Accountants Commerce House Chatsworth Road Chesterfield Derbyshire S40 3JZ
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
ON BEHALF OF THE BOARD :
G M Sisson - Trustee
Date:
Page 1
Independent Examiner's Report to the Trustees of The Provincial Grand Charity of The Province of Derbyshire
I report on the accounts for the year ended 30th June 2022 set out on pages three to eight.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.
It is my responsibility to:
-
examine the accounts under Section 145 of the 2011 Act
-
to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
-
to state whether particular matters have come to my attention.
Basis of the independent examiner's report
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 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 statements 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
-
to keep accounting records in accordance with Section 130 of the 2011 Act; and
-
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
M.A. Hadfield OBE FCA Hadfields, Chartered Accountants Commerce House Chatsworth Road Chesterfield Derbyshire S40 3JZ
Date:.
Page 2
THE PROVINCIAL GRAND CHARITY OF THE PROVINCE OF DERBYSHIRE
Statement of Financial Activities for the Year Ended 30th June 2022
| Unrestricted Restricted funds funds Not es £ £ INCOMING RESOURCES Incoming resources from generated funds Voluntary income 5,171 20,811 Investment income 2 42,846 - Other incoming resources 60,265 1,116 Total incoming resources 108,282 21,927 |
2022 Total funds £ 25,982 42,846 61,381 130,209 |
2021 Total funds £ 14,839 41,496 65,984 122,319 |
|---|---|---|
RESOURCES EXPENDED
Expenditure
Donations and expenses
58,634 24,942 83,576 84,790
NET INCOMING/(OUTGOING) RESOURCES
49,648
(3,015)
46,633
37,529
RECONCILIATION OF FUNDS
Total funds brought forward 1,412,578 13,552
The notes form part of these financial statements
Page 3
1,426,130 1,388,601
TOTAL FUNDS CARRIED FORWARD 1,462,226 10,537 1,472,763
1,426,130
The notes form part of these financial statements
Page 3
THE PROVINCIAL GRAND CHARITY OF THE PROVINCE OF DERBYSHIRE
Balance Sheet At 30th June 2022
| 2022 Unrestricted Restricted Total funds funds funds Not es £ £ £ FIXED ASSETS Investments 4 1,265,271 - 1,265,271 CURRENT ASSETS Debtors 5 33,533 - 33,533 Cash at bank 172,266 10,537 182,803 1,471,070 10,537 1,481,607 |
2021 Total funds £ 1,216,246 23,442 193,069 1,432,757 |
|---|---|
CURRENT LIABILITIES
Amounts falling due within one year 6
(8,844)
-
(8,844) (6,627)
NET ASSETS 1,462,226 10,537 1,472,763 1,426,130
NET ASSETS
1,462,226 10,537 1,472,763 1,426,130
The notes form part of these financial statements
Page 4
FUNDS 7 Unrestricted funds Restricted funds TOTAL FUNDS
1,462,226 1,412578 10,537 13,552 1,472,763 1,426,130
The financial statements were approved by the Board of Trustees on November 2022 and were signed on its behalf by:
G M Sisson -Trustee
J Acton -Trustee
The notes form part of these financial statements
Page 4
THE PROVINCIAL GRAND CHARITY OF THE PROVINCE OF DERBYSHIRE
Notes to the Financial Statements for the Year Ended 30th June 2022
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 1993 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the charity qualifies as a small charity.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| 2022 £ Investments 40,882 Deposit account interest 1,964 42,846 |
2021 £ 39,938 1,558 41,496 |
|---|---|
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30th June 2022 (2021 Nil)
Trustees' Expenses
There were no trustees' expenses paid for the year ended 30th June 2022 (2021 Nil)
4. FIXED ASSET INVESTMENTS
2022 2 021 £ £
Page 5
Listed Investments: Shares Other Investments: Loans Other Investments: Cash with Brokers
| 1,165,391 | 1,140,393 |
|---|---|
| 24,000 | 26,000 |
| 75,880 | 49,853 |
| 1,265,271 | 1,216,246 |
Page 5
THE PROVINCIAL GRAND CHARITY OF THE PROVINCE OF DERBYSHIRE
Notes to the Financial Statements for the Year Ended 30th June 2022 (continued)
4. FIXED ASSET INVESTMENTS - continued
Listed Investments at Cost:
| £ | |||
|---|---|---|---|
| At 1st July 2021 | 1,140,393 | ||
| Additions | 147,554 | ||
| Disposals | (122,556) | ||
| At 30th June 2022 | 1,165,391 | ||
| The market value of the Investments as at the 30thJune 2022 was | £1,324,775 | (2021 | |
| £1,225,694). | |||
| Other Investments: Loans | |||
| 2022 |
2 | ||
| 021 | |||
| £ | £ | ||
| At 1st July 2021 | 26,000 | 30,000 | |
| Repayments in year | (2,000) | (4,000) | |
| At 30th June 2022 | 24,000 | 26,000 | |
| There were no investment assets outside the UK. | |||
| Other Investments: Cash | |||
| 2022 |
2 | ||
| 021 | |||
| £ | £ | ||
| Cash with brokers | 75,880 | 49,853 | |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Other debtors | 33,533 | 23,442 |
Page 6
THE PROVINCIAL GRAND CHARITY OF THE PROVINCE OF DERBYSHIRE
Notes to the Financial Statements – for the Year Ended 30th June 2022 (continued)
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |
|---|---|---|---|---|
| 2022 | 2021 | |||
| £ | £ | |||
| Trade creditors | 6,652 | 6,627 | ||
| Other creditors | 2,192 | 0 | ||
| 8,844 | 6,627 | |||
| 7. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | ||||
| At 1.7.21 | in funds | At 30.6.22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 1,412,578 | 49,649 | 1,462,227 | |
| Restricted funds | ||||
| Restricted | funds | |||
| 13,552 | ||||
| (3,016) | ||||
| 10,536 |
TOTAL FUNDS 1,426,130 46,633 1,472,763
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 108,283 | (58,634) | 49,649 |
| Restricted funds | |||
| Restricted funds |
Page 7
21,926 (24,942) (3,016)
TOTAL FUNDS 130,209 (83,576) 46,633
8. EXPENDABLE ENDOWMENT FUND
In 2011 £100,000 was placed with the Foundation Derbyshire as an Expendable Endowment Fund which was matched by Government Grassroots funding of a further £100,000. Additional placements in 2014 totalling £135,000 received matched funding totalling £67,500. Total funds were therefore £402,500.
Foundation Derbyshire prepares accounts to 31[st] March each year. The value of the funds at 31[st] March 2022 were £477,181 (2021: £457,596). Grants made during the year to 31[st] March 2022 were £19,500 (2021 £16,316)
Page 7
This page does not form part of the statutory financial statements
Page 8