The Buckinghamshire Masonic Centenary Fund
Financial Statements
For the Year Ended 31st March 2024

The Buckinghamshire Masonic Centenary Fund
Index
Page
Legal and administrative information
Trustees, Report
213
Report of the Independent examiner
Statement of financial ae(ivities
Balarsce Sheet
Notes to the f Inancial statements
718

The Buckinghamshire Masonic Centenary Fund
Legal and Administrative Information
Registered Charity number
1007193
Honorary Secretary's address
C/0 Buckinghamshire Provincial Office
Masonic Centre
Old School
Windsor End
Beaconsfield
HP9 2JW
Committee Officers
N Robertson
T Anders
PARCole
Chairman
Honorary Secretary
Honorary Treasurer
Bankers
Lloyds PIC
Independent Examiner
A Davies ACA
FAMagee&Co
6 Pump Lane
Hayes
UB3 3NB
Investment Advisors
Crauford Hale Wealth Management Limited
Belmont Place
Belmont Road
Maidenhead
SL6 6TB
Page 1

THE BUCKINGHAMSHIRE MASONIC CENTENARY FUND
TRUSTEES, REPORT
On behalf of my fellow Trustees, I submit my Annual Report of the Buckinghamshire Masonic Centenary Fund,
together with the independently examined financial staternents for the year ended 31st March 2024.
Princlpal Activltles, Revlew of Actlvltles, and Investment Pollcy
The Buckinghamshire Masonic Centenary Fund make5 grants, on behalf of all Buckinghamshire Freemasons, to
non-masonic charitable and other good causes with strong Buckinghamshire connections.
The Fund remains in sound financial health. The investment performance and capital safety are monitored and
reviewed in conjunction with our advisers, and our policy regarding the composition of our investment portfolio
continues to be reviewed.
Orianisation
The trustees servlng during the year were as follows:
V.W. Bro N Robertson
W. Bro. G Brodie (resigned 7 October 20231
W. Bro. M Eaton
W. Bro J King lappointed 7 October 20231
In addition, W. Bro, T Anders continued as Honorarysecretary, W Bro, P, Cole as HonoraryTreasurer and W Bro.
F. Duncan as Assistant Secretarv.
Revlew of Fln•nclal Performance
The Investment performance and caplt81 safety are monltored and revlewed In conjunction with our advisers,
and our policy regarding the composition of our investment portfolio continues to be reviewed, Over the past
year there was an Increase of £59,816 In the market value of our investment portfolio and at the end of the year
the value was £734, 17812022 £674,362). The trustees are continuing to monitor this situation and take advise
from our independent financlal advisors. At thls tlme, It is the considered opinion that the funds continue to be
able to support the actlvltles of the charlty and the applications recelved.
Subscriptions received totalled £11,526 compared to £11,330 Ift 2023, wlth all 117 Lodges in the Province
subscribing. On behalf of the Provincial Executive, I would like to thank all the Lodges for their partitipation.
At the Annual General Meeting of the Fund at Great Queen Street, London, on Monday 7th October 2023, it was
dècided to keep the voluntary subscription at £3 per member. The Fund Committee is grateful for the continued
support of the Provincial Executive.
In accordance with the policy directed by the Trustees, the Fund Committee continues to target grants for
maximum effectSveness by focusing donations upon new projects and facilities for the non-masonic
communities in our Province rather than contributing to routine or core expenditure. During the year,
applications for grants increased over the previous year, as charities were able to meet again following the
removal of Covid restrictions. Grants totalling £51,383 were paid to I￿entY-fiVe worthy causes, compared to
£28,272 in the year ended 31" March 2023.
The Centenary Fund's assistance to non.Masonic charitable endeavours in our local communities continues to
attract favourable publicity through reports and photographs in the local press and in the Provincial newsletter,
Concord, Reports are also now made on social rnedia.
To identlfy suitable non-masonic causes and to generate additional funds, guldance for Lodges and Individual
Brethren on the Fund and its objectives is avallable from local Centre Representatives, Comrnittee Members and
on the Provincial Website: . www.bucks
l.or
Page 2

THE BUCKINGHAMSHIRE MASONIC CENTENARY FUND
TRUSTEES, REPORT
The Buckinghamshlre Communlty Foundatlon IBCF)
Our Provincial Executive and Trustees continue to work with the BCF, a Registered Charity, formed by the
8uckinghamshire County Council and Central Government. One advantage of this partnership was to obtain
matched funding from Central Government under the "Grassroots Grant Scheme" £150,000 was donated by
the BMCF which was matched, creating an endowment of £300,000 in a ring-fenced Investment portfolio. The
objectives of the BCF mirror those of the BMCF and both funds make grants from Investmentlinterest income
derived from endowment capital bases,
Int•rn•l Control & Rlsk M•n•i•rn•nt
The Trustees are satlsfled that the rlsks faced by the Charlty are adequately addressed. The Offlcers of the Fund and the FL*nd
Committee, wlth the guidance and assistance of our professional advisers, ensure that all current legal and flnanclal
Commltments are met from In¢omSn8 funds and that there Is no lon8.term exposure more than known incoming funds.
Publlt B•n•fft
The Trustees are aware of the charfty Commlssion's 8uldance on publlc befteflt and consider that the Chaiivs objertSves fall
well wlthln those guldelines. The Trustees have accepted the attachèd annual accounts for the year to 31st March 2024,
whlch they recommend to the membersh5p for approval and adoptlon at the 2024 Annual General Meetln8 of the Fund.
Neil Robertson
Chairman of the Trustees.
5 October 2024
Page 3

THE BUCKINGHAMSHIRE MASONIC CENTENARY FUND
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE
BUCKINGHAMSHIRE MASONIC
ENTENARY FUND
I report to the trustees on my examination of the accounts of the above charity for the year ended
31 March 2024.
Responslbllltles and basls of report
As the charity trustees, you are responsible for the preparation of the accounts in accordance with
the requirements of the Charitie5 Act 20111"the Act").
I report in respect of my examination of the Charit¢s accounts carried out under section 145 of the
2011 Act and in carrying out my examination, I have followed the applicable Directions given by the
Charity Commission under settion 14515llbl of the Act.
Independent examlneVs statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination which gives me cause to believe that in, any material respect:
accounting records were not kept in accordance with section 130 of the Act or
the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to
which attention should be drawn in orderto enable a proper understanding of the accounts to be
reached.
A Davies ACA
FAMagee&Co
6 Pump Lane
Hayes
Mlddlesex
UB33NB
Date
5 October 2024
Page 4

Th• Bu¢klngh•mshlr• Masonlc C•nt•nary Fund
statement ot Flnanclal Actlvlt1•5 for th• Y•ir Ended 31st March 2024
Not•s
2024
Unr•strlrt•d
Fundi
2024
Endowm•nt
2024
Total
2023
Total
Funds
Funds
In¢ornlnK ReJour¢•J
Donatlon5
18,255
18,255
9,100
Lodi• Subscrlptlons
11,526
11,526
11,330
Invrftment Income
1,169
1,169
350
Oth•r In¢om•
30
30
T¢)t*l lft¢omlni R•sOur￿l
30,980
30,980
R•sgur¢•* Exp•nd•d
Charltibl• Exp•ndltyr•
Grints Payabl•
51,383
51,383
28,272
Tot•1 R••ourc•> Exp•nd•d
51,383
51,383
28,272
N•t Ineomlng R•sour£
120,4031
120,4031
17,4481
N•t Prof￿$ ILoss•$l on Inv•stm•nt Ass•ts
59,816
59,816
6,011
Transfer betwe$n funds
15,000
115,CQOI
N•t Mov•m•nl In Fundi
15,4031
44,816
39,413
11,4371
8alancos 8rouiht Forw4rd
8,924
699,287
708,211
709,648
Fund Balances Carrled Forward
3,521
744,103
747,624
708.211
P89e 5

The Buckinghamshire Masonic Centenary Fund
Balance Sheet as at 31st March 2024
Notes
2024
2023
Fixed Assets
Investments
734,178
674,362
Current Assets
Bank Balances
28,199
33,849
Current Assets
28,199
33,849
Creditors: Amounts falling due
within one year
114,7531
Net Current Assets
13,446
33,849
Total Net Assets
747 624
708,211
Funds:
Capital Funds
Endowment Fund
744,103
699,287
Income Funds
Unrestricted Funds
3,521
8,924
Total Funds
747,624
708,211
Approved on behalf of the Trustee5:
N Robertson
Date
5th Ortober 2024
Page 6

The Bu¢kin8hamshlre Mason1¢ Centenary Fund
Notes to the Financlal Statements for the Year Ended 31st March 2024
Accountin8 policies
Basis of Accounting
The accounts have been prepared in accordance with the Accounting and Reporting bv
Charities.. Statement of Recommended Prartice applicable to charities preparing their
accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS1021 (effective l January 20151 and the requlrements of the
Charities Act 2011.
Lodge subscriptions and donations
LodEe subscriptions and donations are brought into account during the period in which
they are received.
Investments
Investments are stated at market value and income is accounted for when received.
The historical cost of the Investments at 31st March 2024 was £682,000 (2023
£682,000). The market values are shown in note 3 below.
Grants payable
Grants payable are charged to expenditLtre when a commitment has been made to the
recipient.
Fund accountln8
Unrestricted funds comprise those funds which the trustees are free to use in
accordance with the charitable object5 of the charity. The endowment fund represents
those assets which must be held permanently by the charity, principally investments.
Income arising from the endowment fund can be used in accordance with the objects
of the charity and is included as unrestricted income, Capital gains and10$5es on the
investments form part of the endowment fund. In March 2024, a transfer of £15,000
was made from the endowment fund to the unrestricted fund, whlch represents part of
the income accumulated within the endowment fund since March 2021, when the
charity's investments were placed in a unit based investment.
Investment Income
2024
2023
Interest on Cash Deposits
1,169
1,169
350
350
Investments
2024
2023
Page 7

The Bucklnghamshlre Masonlc Centenary Fund
Notes to the Flnanclal Statements for the Year Ended 31st March 2024
Investments
2024
2023
Investments at market value comprised..
Novia Financial PIC
734,178
734,178
674,362
674.362
2024
2023
Creditors
Grants Payable
14,753
14,753
Analysis of fund balances between the net assets
Unrestricted
Funds
Permanent
Endowment
Funds
Total
Funds
Investments
734,178
734,178
Net Current Assets
3,521
9,925
13,446
3,521
744, 103
747,624
Represented by:
Realised amounts
3,521
682,000
685,521
Unrealised amounts
62,103
62.103
3,521
744, 103
747,624
Grant5 Paid
Grants paid during the year totalled £51,38312023,' £28,272).
Page 8