**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