LONDON FREEMASONS, CHARITY Financial Statements Year Ended 30 September 2023 Charity registration number." 1081205 Contents Page Charity Reference and Administrative Details Report of the Chairman of the Executive Committee Report of the Executive Committee Independent Auditor's Report Statement of Financial Activities Balance Sheet 12 Statement of Cash Flows 13 Notes to the Financial Statements 14
LONDON FREEMASONS, CHARITY Charity Reference and Administrative Details Year Ended 30 September 2023 Charity rogistration number 1081205 Trustees Quentin Chades Triscott Humberslone Stratton Richey James Michael Walker Thomas Christoforos Toumazis (resigned 22 June 20231 Michael Jon Palmer Iresigned 6 March 20231 Roderic Drynan Glyn-Thomas lappointed 1 March 20231 Stuart John Sheriff lappoinled 1 March 20231 Geoffrey James Waddoups lappointed 1 March 20231 Chairman Stratton Richey Treasurer Quentin Chades Triscott Humberslone Prlnclpal offlce 60 Great Queen Street PO Box 29055 London WC2B 5AZ Auditor PKF Littlejohn LLP Statutory Auditor 15 Westterry Circus Canary Wharf London E14 4HD Bankers Barclays Bank PIC Fleet street Corporate Banking 83-117 Euston Road London NW12BB Metro Bank PIC No 1 Southampton Row London WC1B SHA Investment managers CCLA Investment Management One Angel Lane London EC4R 3AB
LONDON FREEMASONS, CHARITY Report of the Chairman of the Executive Committee Year Ended 30 September 2023 I will start by updating you on what your charity, the London Freemasons, Charity l°LFC"I, has been doing in parallel to our superb appeal for London's Air Ambulance. We have continued to weive many grant applications from small and medium-sized charities which focus their attention in and for London. Many of these have been successful in their application and I highlight those that were successful last year in the following pages. Vvhilsl this is fantastic, the money outbound from the LFC funds has not been matched by donations inbound from Lodges and Chapters, meaning that our funds need replenishing to continue this good work. This is of course understandable as a large number of your Lodges and Chapters are concentrating on the Air Ambulance appeal, but I would ask if you could also consider allocating funds to the LFC to lop up the coffers. Our malch-funding initiative has been an even greater success than last year. Those Lodges and Chapters which applied for match funding have all been successful, lo the lune of £123,000 lo different charities, with £78,000 for the London's Air Ambulance Appeal. I would like lo take this opportunity to thank my fellow Trustees for their work and also to those behind the scenes in the office of Metropolitsn Grand Lodge, especially Carole Hunt who is our financial manager, and to the Trustee who acts as Secretary lo the LFC, James Walker. It would be difficult lo run the charity without these two individuals and I thank them for the help and advice that they continually give. In relation to the London's Air Ambulance Appeal, our Metropolitan Grand Charity Steward, Paul King, and his team have been working hard over the last year, and to assist them there is a page on Rosella that explains how funds can be transferred into this account. Please refer to this page for making donations. In January this year, il was noted that 818 Lodges and Chapters had yet to make any donation to the London's Air Ambulance Appeal. I know that some Lodges and Chapters have their own charities that they traditionally support, and I fully endorse that, however, it is disheartening that these Lodges and Chapters have presumably made the decision not to support their brothers within London Freemasonry and lo not make any donats'on at all lo the Appeal. There are still considerable funds in the Relief Chest and many dormant Relief Chests. Brethren, we need lo move these funds., whether to the charities of your choice, lo LFC, or to the Air Ambulance appeal. I look to all Charity Stewards lo check their Relief Chest and gel them active and efficient. Based on the amount still sitting in the Relief Chests of Lodges in London money that has already been raised we could achieve this in a few months if the members so wished. Let's get this done now London's Air Ambulance Is 'Up Against Time,. 11 is up to us to complete our commitment of £3,000,000, and let us all help those who save lives, lo save lives. Stratto iehey Chairman of London Freemasons, Charity, the charity of London Freemasons
LONDON FREEMASONS, CHARITY Report of the Executive Committee Year Ended 30 September 2023 The Executive Committee present their report and the audi(ed financial statements of the charity for the year ended 30 September 2023. The Executive Committee have adopted the provisions of the Statement of Recommended Practice "Accounting and Reporting by Charities" I SORP l in preparing the annual report and financial statements of the charity. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's goveming document, the Charities Act 2011 and the SORP as applicable from 1 January 2019. Trustegs of the charity The Trustees of the charity are its Executive Committee for the purposes of charity law. The trustees who have served during the year and since the year end were as follows.. Quentin Chades Triscott Humberstone Thomas Chrisloforos Toumazis Iresigned 22 June 20231 stratton Richey Michael Jon Palmer (resigned 6 March 20231 James Michael Walker Roderic Drynan Glyn-Thomas (appointed 1 March 20231 Stuart John Sheriff (appointed 1 March 20231 Geoffrey James Waddoups lappointed 1 March 20231 structure. Governance and Management: Constltutlon The London Freemasons, Charity ILFCI (previously Metropolitan Masonic Charilyl is an unincorpooted association, conslituled by its Trust Deed dated 22 March 2000. 11 is a charity registered in England and Wales, registered charity number 1081205. Appointment of tho Executivg Committee The management of the LFC is the responsibility of the Executive Committee, who comprise the Trustees of the Charity. The Executive Committee are elected at the Annual General Meeting and hold Offi from the conclusion of that meeting, under the temis of the Trust Deed. Related Parties The Metropolitan Grand Lodge of London I'MelGLI, from time to time selects charities where ils support will produTr significant results. MelGL requests London Lodges, Chapters and Individuals to make charitable donations to LFC for onward transmission to these selected charities. Risk Management The Committee has continued lo examine the major strategic, business and operational risks which LFC faces and confirm that systems have been established lo enable regular reports to be produced so that the necessary steps can be taken lo lessen these risks.
LONDON FREEMASONS, CHARITY Report of the Executive Committee Year Ended 30 September 2023 Objectives and activities Policies and ob'eclives The furtherance and promotion of such exclusively charitable purposes as the Executive Committee may, in ils absolute discretion, from lime lo time determine and in particular (but without reslrictionl the relief of need of povety or distress or the adVanMent of education. LFC exists to encourage charitable giving among London freemasons. In furtherance of this aim, LFC acts as a collection point for donations to designated charities from London Lodges, London Chapters and individuals in order to relieve the designated charity of this administrative task. Public benefit ststement The Trustees have referred to the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities. Achievements and performance MetGL, London Lodges and Chapters continue their generous support. Donations received and collections for unrestricted funds amounted lo £124,96812022. £223,6361. In addition, restricted funds of £639,58512022." £2501 were received. Total charitable expenditure incurred by the charity amounted to £706,67312022. £564,664) which induded grants of £172,42012022. £541,842) in respect of unreslricled funds were made to London charities, and £500,000 granted from restricted funds to London Air Ambulance. Financial review (including reseNes policy) LFC is maintsining unrestricted funds which now totals £1,878,854 12022". £1,875,675) to allow the Committee lo exercise ils dISction lo support other charitable causes. The Committee seeks to increase unreslricled funds lo allow promotion of charitable purposes as the Committee in its discretion may determine. Plans for future periods The Committee expects activities in 2023-24 to be similar lo the current year. Trustee's responsibilities The trustees are responsible for preparing the Iruslees, annual report and the financial statements in accordan with applicable law and United Kingdom Accounting Standards {Uniled Kingdom generally accepted accounting practi IUK GAAPII. The law applicable lo charities in England and Wales requires the trustees lo prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the eharily and of its incoming sources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required lo". select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP., make judgments and eslimales that are reasonable and prudent., slate whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial stalemenls., prepare the financial statements on the going conrn basis unless it is inappropriate to presume that the charity will continue in business.
LONDON FREEMASONS, CHARITY Report of the Executive Committee Year Ended 30 September 2023 The trustees are responsible for keeping proper accounting records that disclose with asOnable accuracy at any time the financial position of the charity and enable them to ensure that the financial ststemenls comply with the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. 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. On behalf of the board James Walker, Trustee Date.. 7 February 2024
LONDON FREEMASONS, CHARITY Independent Auditor's Report Year Ended 30 September 2023 INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF LONDON FREEMASONS, CHARITY Opinion We have audited the financial ststements of London Freemasons, Charity (the 'charity'l for the year ended 30 September 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial slatemenls, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial stalemenls.. give a true and fair view of the slate of the charity's affairs as al 30 September 2023, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended", have been properfy prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Charities Act 2011. Basls for oplnlon We conducted our audit in accordance with Intemational Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those stsndards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant lo our audit of the fi'nancial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going concern In auditing the financial slatemenls, we have concluded that the trustees, use of the going concern basis of accounting In the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going COnM for a period of al least e1ve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the relevant sections of this report. Other Infomiatlon The other information comprises the information included in the report of the Executive Committee, other than the financial statements and our auditorfs report thereon. The trustees are responsible for the other information contained within the report of the ExecLJtive Committee. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is lo read the other infomiation and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears lo be materially misststed. If we identify such material inconsistencies or apparent material misstslements, we are required to detemiine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have perfomied, we conclude that there is a material misstatement of this other infomiation, we are required to report that fact. We have nothing to report in this regard.
LONDON FREEMASONS, CHARITY Independent Auditor's Report Year Ended 30 September 2023 Matters on which we are required to report by exception We have nothing lo report in respect of the following matters in relation lo which the Charities (Accounts and Reportsl Regulations 2008 require us to report lo you if, in our opinion.. the information given in the financial statements is inconsistent in any material respect with the trustees, report., or sufficient accounting records have not been kept,. or the financial statements are not in agreement with the accounting records., or we have not received all the infomalion and explanations we require for our audit. Responsibilities of trustees As explained more fully in the trustees, responsibilities stslement, the trustees are responsible for the preparation of financial statements which give a true and fair view, and for such internal control as the trustees determine Is necessary to enable the preparation of financial statements that are free from material misststemenl, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Iruslees either intend to liquidate the charity or to cease operations, or have no realistic alternative bul to do so. Auditor's responsibilities for the audit of the financial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misslalement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assuran bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misslalement when it exists. Misslatemenls can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial stslements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misslatemenls in respect of irregularities, including fraud. The extent to which our procedures are capable of delecling irregularities, including fraud is detailed below.. We obtained an understanding of the charity and the sector in which it operates lo identify laws and regulations that could reasonably be expected to have a direct effect on the financial statements. We obtained our understanding in this regard through discussions with management, application of cumulative audit knowledge and experien of the sector. We delemiined the principal laws and regulations relevant lo the charity in this regard lo be those arising from Charities Act 2011 and Charities (Accounts and Reports) Regulations 2008. We designed our audit procedures to ensure the audit team considered whether there were any indications of non-compliance by the charity with those laws and regulations. These procedures included, but were not limited to enquiries of management and review of minutes.
LONDON FREEMASONS, CHARITY Independent Auditor's Report Year Ended 30 September 2023 We also identified the risks of material misstalemenl of the financial statements due lo fraud. We did not consider there to be any risks, in addition lo the non-rebuttable presumpb'on of a risk of fraud arising from management override of controls. As in all of our audits, we addressed the risk of fraud arising from management override of controls by performing audit procedures which included, but were not limited lo". the lesling of journals., reviewing accounting estimates for evidence of bias, and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading lo a material misstalemenl in the financial stslemenls or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial slatemenls, as we will be less likely to become aware of InStanS of non- compliance. The risk is also greater regarding irregularities occurring due lo fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. www.frc.or .uklauditorsres onsibilities. This description forms part of our auditor's report. Use of our report This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might stale to the charity's trustees those mallers we are required to slate lo them in an aLJdilor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed. ////,/ PKF Littlejohn LLP Statutory Auditor 15 Westferry Circus Canary Wharf London E14 4HD 19 February 2024 PKF Littlejohn LLP is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006
LONDON FREEMASONS, CHARITY Statement of Financial Activities Year Ended 30 September 2023 2023 Unrestricted Restricted funds funds 2022 Total Total Note Income from: Donations and legacies Investments 124,968 44,697 639,585 764,553 44,697 223,886 29,331 Total income 169.665 639,585 809,250 253,217 Expenditure on- Charitable activities Other activities 1186,7881 1500,0001 119,8871 1686,7861 119,8871 1555,2241 19,4401 Total expenditure 1206.6731 1500,000) 1706,673} {564,6641 Nel gainslllosses} on investments 40,187 40,187 133,9641 Net incomo1(expenditurg) 3,179 139,585 142,764 1345,4111 Reconciliation of funds.. Total funds brought forward 1,875,675 56,380 1,932,055 2,277,466 Total funds carried foNiard 1.878.854 195,965 2,074,819 1,932,055 All income and expenditure derives from continuing activities. The statement of financial activities includes all gains and losses recognised during the year. The notes on pages 14 to 20 form part of these financial ststemenls. 10
LONDON FREEMASONS, CHARITY Balance Sheet Year Ended 30 September 2023 2023 2022 Note Fixed assets Investments 1.567,906 1,567,906 Current assets Debtors Cash at bank and in hand 210,022 314,477 344,831 1,768,861 524,499 2,113,692 Creditots: amounts falling due within one year 10 117.5861 {181,6371 Net current assets 506,913 1,932,055 Total assets less current liabilities 2.074.819 1,932,055 Charity Funds Unreslricled funds Restricted funds 1,878.854 195.965 1,875,675 56,380 Total charity funds 2,074,819 1,932,055 The financial slalemenls were approved and authorised for issue by the Board on 2024. Signed on behalf of the Board of Trustees Stratton Richey, Trustee Quentin Humberstone, Trustee Date.. 12 February 2024 The notes on pages 14 10 20 form part of these financial stalemenls.
LONDON FREEMASONS, CHARITY Statement of Cashflows Year Ended 30 September 2023 2023 2022 Note Cash flow from operatlng actlvltles: Net cash flow generated from (used inl operating activities lal 28,638 1283,9551 Cash flow from investing activities Dividends and interest from investments Cash reiVed on disposal of investments Purchase of investments 44,697 29,331 1,146,729 {1,527,7191 Net cash flow provlded by Investlng actlvltles 1,483,022 1,176,060 Change in cash and cash equivalents in the reporting period {1.454.384) 892,105 Cash and Cash equlvalents In the beglnnlng of the reportlng period 1,768,861 876,756 Cash and cash equivalents at the end of the reporting period 314,477 1,768,861 lalReconciliation of net expenditure to net cash flows from operating activities Net income lexpenditurel before gains on investments for the year 102.577 1311,4471 Adjustments for: Dividends and interest from Investments Decreaselllncreasel in debtors IDecreaselllncrease in creditors {44,697} 134.809 {164,0511 {29,3311 1115,9471 172,770 Net cash provided used in operating activities 28,638 283,955 The notes on pages 14 10 20 form part of these financial statements 12
LONDON FREEMASONS, CHARITY Notes to the Financial Statements Year Ended 30 September 2023 Summary of slgnlflcant accountlng pollcles {al General infomiation and basis of preparation The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 IFRS 1021, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019. The financial statements have been prepared to give a 'lrue and fair, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the exlenl required lo provide a 'true and fair view,. This departure has involved following the Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordanTr with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 applicable from 1 January 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items al fair value. The financial statements are prepared in sterling which is the functional currency of the charity. The Iruslees do not consider there to be any areas of significant judgement or areas of uncertainty in the preparation of these financial statements The significant accounting policies applied in the prepaotion of these financial statements are sel out below. These policies have been consislenlly applied lo all years presented unless otherwise stated. Ibl Funds Unrestricted funds are available for use al the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are lo be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each reslricled fund is sel out in the notes to the financial slatemenls. (cl Income recognition All incoming resources are included in the Slalemenl of Financial Activities ISOFAI when the charity is legally entitled to the income, after any perfomiance conditions have been met, when the amount can be measured reliably and when it is probable that the income wll be received. Income from donations is recognised on receipt, unless there are conditions attached to the donation that require a level of performance before entillemenl can be obtained. In this case income is deferred until those conditions are fully met or the fulfilmenl of those conditions is within the control of the charity and r( is probable that they will be fulfilled. 13
LONDON FREEMASONS, CHARITY Notes to the Financial Statements Year Ended 30 September 2023 {cl Income recognltlon Icontlnuedl Investment income is earned through holding assets for investment purposes such as shares and property. It includes dividends and interest. Dividend and rent income is recognised as the charity's right lo receive payment is established. Idl Expenditure recognition All expenditure is accounted for on an accruals basis. Expenditure is recognised where there is a legal or conslruclive obligation to make payments lo third parties, it is probable that the setdement will be required and the amount of the obligation can be measured reliably. It Is calegorised under the following headings.. Grants payable lo third parties are Included in expenditure on charitable activities. Where unconditional grants are made, these amounts are recognised when a constructive obligation is created, typically when the recipient is notified that a grant will be made lo them. Where grants are conditional on performance, then the grant is only recognised once any unfulfilled conditions are outside of the control of the charity. Expenditure on charitable activities includes administration costs and govemance costs. Govemance costs are those cost5 relating to compliance with constitutional and slatulory requirements, Costs of secretarial services for meetings of the trustees. Value added lax is not recoverable by the Charity and as such is included in the Ststement of Financial Activities le) Investments Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet dale using the closing quoted market pri. The investment portfolio does not acquire pul options, derivatives or other complex financial inslrumenls. The main form of financial risk faced by the charity is that of volalilily in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes In sentiment concerning equities and within particular sectors or sub sectors. All gains and losses are tsken lo the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference beeen sales proceeds and their opening carrying value of their purchase price if acquired subsequent lo the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value al the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities. {fj Flnanclal Instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised al tonsaction value and subsequently measured at their settlement value. Igl Going concem The Trustees consider the charity to be a going concern for al least 12 months from the date al which the financial statements have been signed. 14
LONDON FREEMASONS, CHARITY Notes to the Financial Statements Year Ended 30 September 2023 Income from Investments 2023 2022 Bank interest receivable Dividend receivable 522 44,175 574 28,757 44,697 29,331 Analysis of expenditure on charitable activities 2023 2023 Unrestricted Restricted 2023 Total 2022 Total Non- Masoni¢ Charities Action for KS Ch8ritabk Trust Brainwave Cèntre Bromlèy Men¢ap CHAPS City HaN&st CHAPS Testing Country Foods Tru8t Global Skills Centre Co Live Th&atr8 Proj&cts Happy Days Childrens Charity Harrow Carers H8alhrow Special Need8 Centre Horati08 Garden Horse Rang8rs Association 181ington & Stoke N8winglon Sea Cadets Lennox Childrens Cancer Let Me Know Lifelites Link Age Southwa London AirAmbulan London Ambuknce Charitable Funds London Search & Rescue Loughborough JUnGtn Action Masonic Almoners Fund- Gran15 MTSFC London MatGh Funded Grants Maths Master Music in Hospitals and Care Open Age Sense Seva Street School Home Support Strength and Leaming through Horses Slrongbones Children Tall Ships Youth Trust Young Lives v Cancer 3,000 2,500 9,850 13,390 10,000 2,490 5,000 10,000 4,500 4,000 3,000 3.000 2.500 9.850 13.390 10.000 2.490 5,000 10,000 4,500 4,000 3,000 3,000 10,000 2,500 5,000 10.000 2,500 5,000 10,000 9,090 400 8,942 9,090 400 8,942 500.000 5W,000 216.832 251.500 3,000 18,275 3.000 18.275 6.810 7.000 25,769 25.769 3.000 5,000 6,514 5,000 5.000 6.514 5.000 15.000 5,000 5.000 6.000 10.000 5.000 200 200 Total donations paid in the year 172.420 soo,000 672,420 541.642 15
LONDON FREEMASONS, CHARITY Notes to the Financial Statements Year Ended 30 September 2023 Other Charitable Activities Contribution towards the running costs of M&tropolitan Grand Lodge 14,366 14.366 13,582 186,786 soo,000 686,786 555,224 Governance costs 19,887 19.887 206,673 500,000 706,673 584,684 Governance costs 2023 2022 Auditor's remuneration Charity Costs - reception Bank charges Write off of old balances 4,620 2,812 420 12,035 19,887 3,600 440 5,400 9,440 Auditorfs remuneration The auditorfs remuneration excluding VAT amounts lo an audit fee of £3,85012022 - £3,000). Trustees. and key management personnel remuneration and expenses The Trustees consider themselves as comprising the key management personnel of the Charity, in charge of directing and controlling the Charity. The Trustees neither received nor waived any remuneration during the year12022 £Nill. Staff costs and employee benefits Daily administration costs are borne by Metropolitan Grand Lodge of London. The management eharges for the year amounted to £14,36612022.. £13,382>. 16
LONDON FREEMASONS, CHARITY Notes to the Financial Statements Year Ended 30 September 2023 Flxed asset Investments 2023 2022 Market value at 1 October 2022 Acquisition Disposal proceeds Loss on disposal Nel gain on revaluation 1,180,693 1,494,265 1,146.729 133,9641 40,187 1,534,452 Portfolio cash held by investment manager 33,454 Market value at 30 September 2023 1,567,906 Historical Cost 1,500,000 Debtors 2023 2022 Grand Charity Relief Chest Metropolitan Grand Lodge of London Other Debtors 165,547 21,495 22,980 303,597 33,293 7,941 210,022 344,831 10 Crgditors: amounts falling due within one ygar 2023 2022 other Creditors 17,586 181,637 17,586 181,637 17
LONDON FREEMASONS, CHARITY Notes to the Financial Statements Year Ended 30 September 2023 11 Fund reconclllatlon Unrestricted funds Balance at 1 October 2022 Gains I Ilossesl Balance al 30 September 2023 Income Expenditure Transfers Unrestricted 1,875,675 169,665 1206,6731 40,187 1,878,854 1,875,675 169,665 1206,6731 40,187 1,878,854 Balance al 1 October 2021 Gains I Ilossesl Balance at 30 September 2022 Income Expenditure Transfers Unrestricted 2,221,336 252,967 1564,6641 {33,9641 1,875,675 2,221,336 252,967 1564,6641 133,9641 1,875,675 Restricted funds Balan at 1 October 2022 Gains I Ilossesl Balance al 30 September 2023 Income Expenditure Transfers St John at Hackney Lodge London Air Ambulance Others 56,380 56,380 631,745 1500,0001 131,745 7,840 7,840 56,380 639,585 500,000 195,965 Balance at 1 October 2021 Gains I Ilossesl Balance at 30 September 2022 Income Expenditure Transfers Sl John at Hackney Lodge 56,130 250 56,380 56,130 250 56,380 18
LONDON FREEMASONS, CHARITY Notes to the Financial Statements Year Ended 30 September 2023 12 Analysls of net assets between funds 30 September 2023 Unrestricted Restricted funds funds Total Investments Current assets Current liabilities 1,567,906 328,534 117,5861 1,567,906 524,499 117,586} 195,965 Totsl 1,878,854 195,965 2,074,819 30 September 2022 Unrestricted Restricted funds funds Total Investments Current assets Current liabilities 2,057,312 1181,6371 56,380 2,113,692 1181,6371 Total 1,875,675 56,380 1,932,055 13 Financial commitments There were no commitments as at the year ended 30 September 2023 or in the previous year. 14 Taxation The London Freemasons, Charity is a registered charity and is therefore potentially exempt from taxation of its income and gains as it falls within the definition of a charity as defined in Part 1, Schedule 6of the Finance Act 2010. No tsx charge has arisen during the year. 15 Related party transactions and ex gratia payments Members of the Committee are selected from members of Metropolitan Grand Lodge of London IMelGLI. Reference is made to MetGL in the Report of the Executive Committee. Al the year end, a net balan of £21,495 was due from MetGL12022 due from.. £33,293). During the year, a contribution of £14,366 was made towards the running costs of MelGL12022.' £13,582) and this is included within expenditure. 16 Financial instruments The charity holds a number of financial assets namely investments, debtors and cash and financial liabilities namely creditors and accruals which meet the definition of basic financial Instruments under the FRS 102 SORP. Details of the measurement bases, accounting policies and carrying values for these financial assets and liabilities are disclosed In note 1 above. 19