Charity number: 1040230 Chatham District Masonic Trust Unaudited Trustees. report and financial ststements for the year ended 31 August 2024
Chatham District Masonic Trust Contents Page Reference and administrative detsils of the Charlty. its Trustees and Advisers Trustees, report Independent examiner's report Statement of financlal activities Balance sheet Notes to the flnancial statements 7-14
Chatham Distrlct Masonic Trust Reference and administrative details of the Charity. its Trustees and Advlsers for the year ended 31 August 2024 Trustees J V Whyman (resigned 3 November 2023) M Cook. Treasurer D Hiscock D Merrick S Peachell. Chairman R Stanley N Stephney B R Selway Charity registered number 1040230 Princlpal office Chatham Masonic Hall 5 Manor Road Chatham Kent ME4 6AG Secretary G Fincham Accountants Kreston Reeves LLP Chartered Accountants 37 St Margaret's Street Canterbury Kent CT12TU Bankers Nat West 148 High Street Chatham Kent ME4 4DB Independènt Examiner Samantha Rouse FCCA DChA Krestcn Reeves LLP 37 St Margaret's Street Canterbury Kent CT12TU Page 1
Chatham Dlstrlct Masonlc Trust Trustees. report for the year ended 31 August 2024 The Trustees present their annual report together with the financial statements of the Charity for the year from 1 September 2023 to 31 August 2024. Objectives and activities . Policies and objectives The principle activity of the Charity is the running of the Masonic cent at Manor Road, Chatham. The object of the Charity is the relief of such poor distressed freeemasons under the Constitution of the United Grand Lodge of Ancient Free and Accepted Masons of England or their poor and distressed widows and children or for the benefit of such Masonic Charities or other non-masonic charitable instttutions. societies and objects as the trustees shall in duly constituted meetings from time to time direct. In setting objectives and planning for activities. the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefiL induding the guidance 'Public benefit: running charity (PB2)'. Achievements and perforniance . Review of actlvltles The Charity has made a surplus in this financial period of £18,260 (2023= deficit Df £14,762), income increasing to £62,890 {2023: £42,249) and expendtture decreasing to £44,630 (2023.. £56,975). We conkn'nued to support toth local (Heattway Medway) and national charities (RBL Salvation Anny and Red Cross) during the year. Flnancial review a. Going concem After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable fvture. For this reason, they continue to adopt the going COnM basis in preparing the financial statements. Further details regarding the adoption of the going conrn basis (an be found in the accounting poltcies. b. Reserves policy The Charity aims to retain a tninimum of six months. expenditure in general reserves. This equates to approximately £15.000. Currently the Charity has fr reSer*S of £22,152 (2022: £22,249). stNcture, governance and management a. Constitutlon Chatham District Masonic Trust is a registered charity. number 1040230, and is constituted under a Trust deed dated 28 June 1994. b. l¥qethods of appointment or election of Trustees The management of the Charity is the resFonsibilty of the Trustees who are elected and co-opted under the terms of the Trust deed. Page 2
Chatham District Masonlc Trust Trustees. report (continued) for the year ended 31 August 2024 Structure. governance and management (contlnued) c. Risk management The Trustees have assessed the major risks to whith the Charity is exposed and are satisfied that systems and procedures are in pla to mitigate exposure to the major risks. These include all heaFth and safety risks within the centre and adequate provision for disabled visitors and full induction of all Trustees with clear roles defined to ensure Complian with the appropriate legislation. Plans for future periods The Trustees will continue to support the activities of the Charity for the foreseeable future. The Chariws operations are now getting back to normal and y thus expect that things will improve greatly in the future. Statement of Trustees. resF)onsibilities The Trustees are responsible ft)r prepartng the Trustees, report and the financial statements in accordance wth applicable law and United Kingdom Accounting Standards (United ngdoM Generally Accepted Accounkn'ng Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial ststements for each financial which give a true and fair view of the state of affairs of the Charity and of its income and application of reSoUrs, including rts income and expenditure, ft)r that period. In preparing these financial statements, the Trustees a required to: select suitable accounting policies and then apply thetn consistently: observe the methods and principles of the Charities SORP {FRS 102)" make judgements and accounting estimates that are reasonable and prudent., state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in Ihe financial ststements., prepare the financial statements on the going concem basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the tx>ard of Trustees and signed on their behalf by: S Peachell Chairman Date: Page 3
Chatham District Masonlc Trust Independent examlnets report for the year ended 31 August 2024 Independent examlnels report to the Trustees of Chatham District Masonic Trust (Ihe Charity.) I report to the Charity Trustees on my examination of the accounts of the Charity for the year ended 31 August 2024. Responslbilities and basls of report As the Trustees of the Charrty you are responsible for the preparatron of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 ACY). I report in respect of my examination of the Charitys accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed Ihe applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 ACL Independent examinerfs statement Your attention is drawn to the fact that the Charity has prepaied the accounts in accordan wth Accounting and Reporting by Charities." Statement of Recommended PraCi1 applicable to charities preparing their accounts in accordance with the Finan21 Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preferen to the Accounting and Reporting by Charities: Ststement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practi effective for reporting periods beginning on or after 1 January 2019. I have completed my examination. I confinn that no matters have come to my attention in connection Mfjth the examination giving me cause to believe that in any material respect accounting records were not kept in respect of the Charity as qUired by section 130 of the 2011 A¢. or the accounts do not accord with those records; or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) RegulatTons 2008 other than any requirement that the accounts give a 'true and faif view which is not a matter considered as part of an independent examination. I have no cOnmS and have come across no other matters in connection with the examlnation to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Dated: 24 June 2025 Samantha Rouse FCCA DChA Kreston Reeves LLP Chartered Accountants 37 St Margarevs Street Canterbury Kent CT12TU Page 4
Chatham Dlstrlct nfiasonic Trust statement of financlal activities for the year ended 31 August 2024 Unrestricted funds 2024 Total funds 2024 Total funds 2023 Note Income from: Donations and legacies Investments other income 23,084 39.806 23.084 39.806 6,138 35,351 760 Total income 62,890 62,890 42,249 Expendlturé on: Charitable activities 44,630 44,630 56,975 Totsl expendlture 44,630 44.630 56,975 Net movement In fund8 18,260 18.260 (14,726) Reconciliation of funds: Total funds brought forward Net movement In funds 52,089 18,260 52,089 18,260 66,815 (14,726) Total funds carried forward 70,349 70,349 52,089 The Statement of flnancial activltles Includes all galns and losses recognised In the year. The notes on pages 7 to 14 form part of these financlal stat8m8nts. Page 5
Chatham District Masonic Trust Balance sheet as at 31 August 2024 2024 2023 Note Fixed assets Tangible assets Current assets 48.197 29,840 Debtors C8sh at bank and in hand 24,298 160 16,993 6,385 24,458 23,378 Creditors.. amounts falling due within one year 10 (2,306 (1,129) Net current a65ets 22,152 22,249 Total net assets 70,349 52,089 Charity funds Unrestricted funds 11 70.349 52,089 Total funds 70,349 52,089 The financlal statements were approved and authorised for issue by the Trustees and signed on their behalf by: S Peachell Chairman Date.. The notes on pages 7 to 14 fomi part of these financlal statements. Page 6
Chatham Distrlct Masonic TTUSt Notes to the financial ststements for the year ended 31 August 2024 General Snfomiatlon Chatham District Masonic Trust is a registered charity, number 1040230, and is constituted under a Trust dd. The address of the registered office is given in the Charity information on page 1 of these financial statements. The nature of the charities operations and principal activities are set out on page 2 of these financial statements. Accounting policies 2.1 Basis of preparatlon of financial statsments The financial statements have been prepared in accordan viith the Charities SORP (FRS 102) - Accounting and Reporting by Charrties: 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 (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. Chatham District Masonic Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless othetwise stated in the relevant accounting policy. The financial 8tatements are presented in British Sterling and are rounded to the nearest Pound. Chatham DIStt Masonic Trust meets the defsnition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at histori1 cost or transaction value unless other¥vise stated in the relevant accounting policy. 2.2 Going concern The Trustees assess whether the use of going conrn is appropriate l.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concem. The Trustees make this assessment in respect of a period of at least one year from the date of authorisation of the financial ststements and have concluded that the Charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the Charity's ability to continue as a going concem, thus they continue to adopt the going concern basis of accounting in preparing the financial statements. 2.3 Income All income is recognised once the Charity has ents"tlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Income tax recoverable in relation to investment income is recognised at the time the investment Income is receivable. Other income is recognised in the period in vthich it is receivable. Page 7
Chatham District Masonic Trust Notes to the flnanclal statements for the year ended 31 August 2024 Accounting policies (continued) 2.4 Expendlture Expenditure is recognised On there is a legal or constructNe obligation to transfer economic benefit to a third party, it is probable that a transfer of economic beneffts will be required in settlement and the amount of the obligation can be measured reliabty. Expenditure on charitable activities is incurred on d1ctlY undertaking the activtties which further the Charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2.5 Tanglble fixed assets and depreciation Tangible fixed assets costing £500 or more are capitslised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed a&8ets are initially recognised at cost. After recognition, under the cost model, tangible fixed a&8ets are measured at cost less uMulated depreciation and any accumulated impairment losses. A]1 costs incurred to bring a tsngible fixed asset into its intended working condition should be included in the rn&qsurement of o)st. A review for impairment of a fixed asset is Gatried out if events or changes in circumStanS indicate that the carrying value of any fixed asset May not be recoverable. Shortfralls betsveen the carrying value of fixed assets and their recoverable arnounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activittes. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, usirvJ the straight-line method. Freehold property Plant and machinery Fixtures and fittings 50 years straight line 4 years or 10 years straight line 10 years straight line 2.6 Interest recelvable Interest on funds held on deposit is included when re1vable and the amount can be measured reliably by the Charity. this is nonyjally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 2.7 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.8 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investrnents with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account PaJe 8
Chatham District Masonic Trust Notes to the flnancial statements for the year ended 31 August 2024 Accountlng policies Icontlnued) 2.9 Liabllltles and provislons Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event. it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material. the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. 2.10 Flnanclal Instruments The Charity only has financial assets and financial liabilities of a kind that qualify as baslc flnancial Instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. 2.11 Fund accountlng General funds are unrestriGted funds which are available for use at the discretion of the Trustees In furtherance of the general objectives of the Charity and which have not been designated for other purposes. Income from donations and 18gaclas Unrestricted funds 2024 Total funds 2024 Total funds 2023 Donations Membership fees and other similar income 22.732 352 22,732 352 5,700 438 23,084 23,084 6,138 Total 2023 6,138 6,138 Page 9
Chatham District Masonic Trust Note8 to the financlal statements for the year ended 31 August 2024 Investment Income Unrestricted funds 2024 Total funds 2024 Total funds 2023 Income from property Bank interest 39,798 39,798 35.306 45 39,806 39,806 35,351 Total 2023 35,351 35.351 Othor Income Unrestricted funds 2024 Total funds 2024 Total funds 2023 Miscellaneous income 760 Total 2023 760 780 Analysls of expendlture by activities Support costs 2024 Total funds 2024 Total funds 2023 Charitable activities 44,630 44,630 56.975 Total 2023 56.975 56,975 Page 10
Chatham Dlstrict Masonlc Trust Notes to the financial Statements for the year ended 31 August 2024 Analysis of expendlture by actlvltles Icontlnued) Analysls of support costs Unrestrlcted funds 2024 Total funds 2024 Total funds 2023 Depreciation General expenses, licences etc. Accountancy fees Rates and water Insurance Llght and heat Repairs and maintenan Premises expense8 Loss on disposal of red assets Bank charges Donations 4,712 1,106 1,208 4,296 2,799 23,565 3,403 3,529 4,712 1.106 1,208 4.296 2,799 23.565 3N03 3,529 4,888 587 1,098 4,758 1,973 27,327 11,692 4,132 420 12 12 100 44,630 44,630 58,975 Total 2023 56,975 56,975 Trustees, remuneration and expenses During the year, no Trustees received any remuneration or other benefits (2023 - £NIL). During the year ended 31 August 2024. expenses totalling £NIL were reimbursed or paid directly to Trustees (2023 - £301 to 2 Trustees). T.he expense5 in the prior year related to repairs and renewals. Page11
Chatham District Masonlc Trust Notes to the financial statements for the year ended 31 August 2024 Tangibl• fixod assets Freehold property Plant and Fixtures and machinery fittings Total Cost or valuation At 1 September 2023 Additions 26,598 41.393 23.069 24.114 92,105 23.069 At 31 August 2024 26,598 64A62 24,114 115,174 Depreclatlon At 1 September 2023 Charge for the year 34.121 2.953 21,590 1,227 62.265 4,712 532 At 31 August 2024 7,086 37.074 22,817 66,977 Net book value At 31 August 2024 19.512 27,388 1,297 48.197 At 31 August 2023 20,044 7,272 2,524 29,840 Debtors 2024 2023 Due wlthln one year Trade debtors 24.298 16.993 24,298 16,993 10. Creditors: Amounts falllng due within one year 2024 2023 Trade creditors Accruals and deferred income 31 1,098 2.306 2,306 1,129 Page 12
Chatham District Masonic Trust Notes to the financial statements for the year ended 31 August 2024 11. Statement of funds Statement of funds - current year Balance at 1 September 2023 Balance at 31 August 2024 Income Expendlture Unrestricted funds General funds 52.089 62,890 (44,630) 70.349 statement of funds - prior year Balance at 1 September 2022 Balance at 31 August 2023 Income Expendtture Unre8trl¢ted funds General funds 66.815 42.249 (56,975) 52,089 12. Analysis of net assets between funds Analysls of net assets between funds - current perlod Unrestrlcted funds 2024 Total funds 2024 Tangible fixed as8ets Current assets Creditors due within one year 48,197 24,458 {2,306) 48.197 24,458 12,306) Total 70,349 70,349 Page 13
Chatham District Masonic Trust Notes to the financial statements lor the year ended 31 August 2024 12. Analysis of net assets betOn funds Icontlnued Anatysis of net assets beiwoen funds - prlor perl¢xl Unrestricted funds 2023 Total funds 2023 Tangible fixed assets Current assets Creditors due within one year 29,840 23,378 (1,129) 29,840 23,378 (1,129) Total 52,089 52,089 13. Related party tran8actlon8 During the year, the Charity received cumulative donations of £30 from 1 Trustee. The Charity has not entered into any other related party transactions during the current or prlor financlal year, and at the Balance Sheet date the are no balanS outstanding with any related parties. Page 14