The Somerset Masonic Charity (A company limited by guarantee) Registered charity number 1127248 Company number 6715744
Report of the Trustees and Financial Statements For the year ended 30 September 2021
The Somerset Masonic Charity (A company limited by guarantee) Trustees’ report and financial statements For the year ended 30 September 2021
## CONTENTS
||Page|
|---|---|
|Report oftheTrustees (incorporatingdirectors report)|1-2|
|Statement ofTrustees’ and Directors' Responsibilities|3|
|Report oftheIndependent Examiner|4|
|Statement ofFinancial Activities|5|
|BalanceSheet|6-7|
|Notes|8-12|
The Somerset Masonic Charity (A company limited by guarantee) Trustees’ report and financial statements For the year ended 30 September 2021
## REPORT OF THE TRUSTEES (incorporating the directors report)
The trustees present their report and the financial statements for the year ended 30 September 2021. The trustees, who are also the directors for the purposes of company law and who served during the year and up to the date of this report are set out on page 2.
## Structure, goverance and management
The company is a charitable company limited by guarantee with no share capital and is governed by its Memorandum and Articles of Association. It was incorporated on 6 October 2008 and was registered as a charity on 19 December 2008. The trustees have full responsibility for policy decisions.
## Objectives and activities
The objectives of the charity are for the benefit of Freemasons, their relations or dependants or for the benefit of Masonic charities or other charitable institutions, societies and charitable purposes.
## Review of activities and achievements
The movement on unrestricted and restricted funds is shown on page 5. For unrestricted funds total incoming resources exceeded expended resources by £44,942 (surplus) (2020 £3,765 deficit). For restricted funds total incoming resources exceeded expended resources by £36,577 (surplus) (2020 £1,387 surplus).
## Reserves
The policy of the trustees is to keep a modest balance of unrestricted funds available for immediate charitable purposes.
## Risk management
Recognising their responsibility for the trust's system of internal control, Trustees have formalised a process which will be reviewed regularly for identifying, evaluating, controlling, mitigating and managing the most significant risks faced by the Charity.
## Small company provisions
The report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006 relating to small companies and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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The Somerset Masonic Charity (A company limited by guarantee) Trustees’ report and financial statements For the year ended 30 September 2021
## REPORT OF THE TRUSTEES (incorporating the directors’ report)/(continued)
## Officers and Advisers
The following served as officers and advisers during the year:
## Trustees and directors
D J Medlock TR Leach D J Maddern K RS Surry B G WBatley DCA Mason
## Secretary
Registered Address
J DB Martin 17 Market Street Crewkerne Somerset TA18 7JU
Bankers HSBC Bank Plc 17 North Street Taunton Somerset TA1 1NA Investment Managers Hargreaves Lansdown One College Square South Anchor Road Bristol BS1 SHL
Independent Examiner
D G Lockyer The Old Stables Clapton Crewkerne Somerset TA18 8PY
By Order of the Board
J DB Martin Secretary 13 April 2021
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The Somerset Masonic Charity (A company limited by guarantee) Trustees' report and financial statements For the year ended 30 September 2021
## STATEMENT OF TRUSTEES AND DIRECTORS RESPONSIBILITIES - charitable company
The trustees (who are also directors of The Somerset Masonic Charity for the purposes of company law) are responsible for preparing the Trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- Select suitable accounting policies and then apply them consistently;
- Observe the methods and principles in the applicable Charities SORP 2015 (FRS 102) - Make judgements and estimates that are reasonable and prudent; - State whether applicable UK Accounting Standards have been followed, subject to any = material departures disclosed and explained in the financial statements;
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
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The Somerset Masonic Charity (A company limited by guarantee) Trustees' report and financial statements For the year ended 30 September 2021
## REPORT OF THE INDEPENDENT EXAMINER
| report to the charity trustees on my examination of the accounts of the company for the year ended 30 September 2021, which are set out on pages5 to 12.
## Responsibilities and Basis of Report
As the charity's trustees (who are also the directors of the company for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ("the 2006 Act")
Having satisfied myself that the accounts of the company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ("the 2011 Act"). In carrying out my examination, | have followed the directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.
## Independent Examiner’s statement
| have completed my examination. | confirm that no material matters have come to my attention which give me cause to believe that:
- accounting records were not kept in accordance with section 386 of the 2006 Act, or
- the accounts do not comply with such records, or
- the accounts do not comply with relevant accounting requirements under section 396 of the 2006 Act other than any requirement that the accounts give a "true and fair" view which is not a matter considered as part of an independent examination, or
- the accounts have not 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 (FRS 102).
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## D G Lockyer BA FCA
The Old Stables Clapton Crewkerne Somerset TA18 8PY
13 April 2022
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The Somerset Masonic Charity (A company limited by guarantee) Trustees’ report and financial statements For the year ended 30 September 2021
## STATEMENT OF FINANCIAL ACTIVITIES
For the Year ended 30 September 2021
|For thethe Year ended 30 September 2021ended 30 September 202130 September 2021September 20212021||||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||Funds|Funds|2021|2020|
||Note|£|£|£|£|
|IncomingResources||||||
|Incoming Resourcesfrom generating Funds||||||
|VoluntaryIncome||||||
|Donations||47,131|35,866|82,997|67,928|
|Activitiesforgeneratingfunds||||||
|Profiton sale ofties and lapel badges||109|-|109|201|
|Other||-|-|-|135|
|Investmentincome and interest|3|5,771|271|6,042|6,560|
|Total IncomingResources||53,011|36,137|89,148|74,824|
|ResourcesExpended||||||
|Charitable Expenditure - Donations|4|59,654|9,819|69,473|59,710|
|PortfolioManagement Fee||436|169|605|455|
|Othersundryexpenses||276|-|276|78|
|Total Resources Expended||60,366|9,988|70,354|60,243|
|Netincoming/(outgoing) resources before||||||
|otherrecognised gains||(7,355)|26,149|18,794|14,581|
|Other recognised gains||||||
|Gains/(Losses) on investment assets|6|52,297|10,428|62,725|(16,959)|
|NetMovement infunds||44,942|36,577|81,519|(2,378)|
|Reconcilation offunds||||||
|Total funds broughtforward||306,627|86,438|393,065|395,443|
|Net Movement asabove||44,942|36,577|81,519|(2,378)|
|Totalfundscarriedforward||351,569|123,015|474,584|393,065|
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The Somerset Masonic Charity (A company limited by guarantee)
Trustees’ report and financial statements For the year ended 30 September 2021
## BALANCE SHEET
As at 30 September 2021
**----- Start of picture text -----**
2021 2020
Note £ £ £ £
Fixed Assets
Investments 6 300,015 237,291
Current Assets
Stock of Ties - -
Debtors 8 11,082 17,090
Lodge Relief Chest 7 44,826 60,155
Cash at Bank 118,797 80,164
174,705 157,409
Current Liabilities
Creditors:Amounts falling due in less than one year 9 (136) (1,635)
Net Current Assets 174,569 155,774
Net Assets 474,584 393,065
Represented by:
Funds
Restricted Funds 11 123,015 86,438
Unrestricted Funds 10 351,569 306,627
474,584 393,065
**----- End of picture text -----**
The directors' statements required by section 475(2) and (3) of the Companies Act 2016 are shown on the following page, which forms part of this balance sheet.
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The Somerset Masonic Charity (A company limited by guarantee) Trustees' report and financial statements For the year ended 30 September 2021
## BALANCE SHEET (continued)
In approving these financial statements as trustees and directors of the company we hereby confirm:
## (a) that for the year ended 30 September 2021
the company was entitled to the exemption conferred in section 477 of the Companies Act 2006,
(b) that no notice has been deposited at the registered office of the company pursuant to section 476 of the Companies Act 2006 requesting that an audit be conducted for the period ended 30 September 2021 and
(c) that we acknowledge our responsibilities for:
(1) ensuring that the company keeps accounting records which comply with section 386 and 387 of the Companies Act 2006, and
(2) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its net income or net expenditure for the period then ended in accordance with the requirements of section 394 and 395, and which otherwise comply with the provisions of the Companies Act relating to financial statements, so far as applicable to the company.
These financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and in accordance with FRS 102 and the Charities SORP (FRS 102).
The financial statements were approved by the board on 13 April 2022 and signed on its behalf by
QUA D J Medloc Director
13 April 2022
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The Somerset Masonic Charity (A company limited by guarantee) Trustees' report and financial statements For the year ended 30 September 2021
## NOTES
## 1. Status of the company
The company is limited by guarantee and does not have a share capital. Every member of the company undertakes, if the company is dissolved while he is a member, to contribute such sum (not exceeding £11) as may be demanded of him towards the payment of the debts and liabilities of the company incurred before he ceased to be a member, the costs and expenses incurred in a winding up and the adjustment of the rights of the contributories among themselves.
## 2. Accounting policies
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity’s financial statements.
## Basis of preparation
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 (FRS 102), and the Companies Act 2006, and under the historical cost accounting rules as modified by the revaluation of investments.
## Investments
Investments are stated in the balance sheet at their market values as at the balance sheet date. All movements in value arising from investment changes or revaluation are recognised in the Statement of Financial Activities. Realised gains or losses on investments are calculated as the difference between the disposal proceeds and the market value as at the date of transfer (or historical cost if purchased within the period). Unrealised gains or losses are derived from the movement on market values during the period.
## Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. Gifts donated for resale are included as income when they are sold. Donated assets are included at the value to the charity where this can be quantified and a third party is bearing the cost. Income from investments is included in the year in which it is receivable.
## Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates. Resources expended are recognised in the year in which they are incurred.
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The Somerset Masonic Charity (A company limited by guarantee) Trustees’ report and financial statements For the year ended 30 September 2021
## NOTES /continued
|3. Investment income and interest|||||
|---|---|---|---|---|
||Unrestricted|Restricted|Total||
||Funds|Funds|2020|2020|
||£|£|£|£|
|Investment Income|5,725|271|5,996|6,045|
|Bankand ReliefChest interest|46|-|46|515|
||5,771|271.|2~*~«<“‘«~CSKSC*~‘;*‘«wCSO||
|4. Charitableexpenditure -donations|||||
||Unrestricted|Restricted|Unrestricted|Restricted|
||Funds|Funds|Funds|Funds|
||2021|2021|2020|2020|
|Funds|£|£|£|£|
|Duke ofEdinburgh Appeal|30,000|-|-|-|
|Hive Community PlayArea|2,000|=|-|-|
|Julian House Homeless Hostel|3,000|-|-|-|
|PoppyAppeal|11,376|-|-|-|
|SomewhereToGo|8,600|-|-|-|
|Ashford AcademyTrust|100|-|-|-|
|SexeysSchool|100|-|-|-|
|SAST|100|-|-|-|
|The Grand Charity|175|-|-|-|
|Almoner's Discretion|4,203|2,211|-|-|
|Match Funding|-|2,825|-|-|
|Teddiesfor Loving Care Scheme (TLC)||4,783|-|-|
|Total Prior Year|-|-|50,816|8,894|
|TOTAL|59,654|9,819|50,816|8,894|
|Legacymatchfundingscheme|||||
|Children's Hospice South West|-|500|-|-|
|EFGA
Re:Wells|-|250|-|-|
|Taunton Association forthe Homeless|-|250|-|-|
|Taunton Salvation Army|-|250|-|-|
|Friends ofShepton Mallet Hospital|-|200|-|-|
|Douglas MacMillan Cancer Unit Yeovil|-|200|-|-|
|The Stroke Association|-|125|-|-|
|Weston Hospice Care|-|250|-|5|
|Midsomer Norton & Radstock branch of RBL|-|300|-|-|
|Citizens Advice Mendip|-|500|-|-|
|Total PriorYear|“|-|-|5,139|
||-|2,825|-|5,139|
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The Somerset Masonic Charity (A company limited by guarantee) Trustees’ report and financial statements For the year ended 30 September 2021
## NOTES/continued
## 5. Trustees remuneration and expenses
No trustee received any form of remuneration or reimbursment of expenses in relation to The Somerset Masonic Charity in the year under review.
**----- Start of picture text -----**
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|6.|Fixed|asset|investments|
|Unrestricted|Restricted|Total|
|£|£|£|
|Market Value|brought forward|210,872|26,419|237,291|
|Purchases|23|il|34|
|Sales|(23)|(12)|(35)|
|Gains/(Losses)|on|investments|52,297|10,428|62,725|
|Market Value carried|forward|263,169|36,846|300,015|
|Analysis of investments|
|Unrestricted|Restricted|
|Income from|Income from|
|Market Value as|investments|Market Value|as|investments|
|at 30.09.2021|during the year|at 30.09.2021|during the year|
|£|£|£|£|
|Investments|listed on|a|recognised|stock|exchange|
|or|held|in common|investment|funds,|open|ended|
|investment companies,|unit trusts|or other|
|collaborative|investment scheme|263,169|5,725|36,846|271|
|Cash|held|by|Brokers|(included|in|debtors)|10,463|-|160|-|
|273,632|5,725|37,006|271|
**----- End of picture text -----**
## 7. Relief Chests
Funds deposited with the Grand Charity Relief Chest are available for distribution to other registered charities at the trustees discretion. These funds cannot be returned to The Somerset Masonic Charity.
## 8. Debtors
**----- Start of picture text -----**
||||||
|---|---|---|---|---|
|2021|2020|
|£|£|
|Other debtors|11,082|17,090|
|9.|Creditors:|amounts falling due|in|less than one year|
|2021|2020|
|£|£|
|Other creditors creditors|136|1,635|
**----- End of picture text -----**
## Other creditors creditors
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The Somerset Masonic Charity (A company limited by guarantee) Trustees’ report and financial statements For the year ended 30 September 2021
## NOTES/continued
|10. Unrestricted funds|||||
|---|---|---|---|---|
|||Incoming|Outgoing||
||As at|Resources and|resources and|As at|
||01.10.2020|Gains|Losses|30.09.2021|
||£|£|£|£|
|General fund|306,627|105,308|60,366|351,569|
|Purpose ofunrestricted funds|||||
|Unrestricted funds arefundsthat areexpendable atthe discretion ofthetrustees in furtherance oftheobjects ofthe charity. In|||||
|addition to expenditure, such fundsmay be held in ordertofinance capital investment and|||working capital.||
|11. Restricted funds|||||
|||Incoming|Outgoing||
||As at|Resources and|resources and|As at|
||01.10.2020|Gains|Losses|30.09.2021|
||£|12|£|£|
|Whitchurch Childrens Hospice|320|-|-|320|
|BANES|29,167|10,699|2,380|37,486|
|Legacy Match FundingScheme|7,001|-|2,825|4,176|
|Flood RecoveryFund|34,449|-|-|34,449|
|Teddies for Loving CareScheme (TLC)|15,501|35,866|4,783|46,584|
||86,438|46,565|9,988|123,015|
## Purpose of unrestricted funds
Restricted funds are funds that are to be used in accordance with specific restrictions imposed by donors or that have been raised by the charity for particular purposes.
The “BANES” Fund is a donation from the Bath Masonic Trust and is for grants for the benefit of distressed elderly people and given to individuals, charities or projects in the Bath and North East Somerset Area.
The Legacy Match Funding Scheme is a donation to be used for grants up to £500 each to match charitable donations from Lodges for the benefit of disadvantaged people in Somerset.
The Somerset Masonic Flood Recovery Fund was established in March 2014 to support the people and communities affected by the floods in Somerset during the 2013/2014 winter. Certain monies were received by the Charity itself and have subsequently been paid over to the Somerset Community Foundation. Further payments will be made once suitable projects are identified and agreed. Other funds were paid directly to the Somerset Community Foundation and other organisations in need of support. Fundraising appeals have raised more than £220,000 in total.
The Teddies for Loving Care Scheme receives donations to be used for the purpose of providing small Teddy Bears to be given to children for comfort whilst receiving hospital treatment.
## 12. The Somerset Community Foundation
The balance as at 30 September 2021 of funds held at The Somerset Community Foundation was £277,358 (2020- £232,397). The Somerset Masonic Charity does not have title to these funds, however, the charity can use the income arising therefrom for donations in accordance with the charity's objects and aims.
Grants made in the year to 30 September 2021 were:
||||2021|2020|
|---|---|---|---|---|
||||£|£|
|2021|Total||*|3|
|2020|Total||-|6,250|
|||TOTAL|-|6,250|
## 13. Average number of employees
Excluding directors and trustees the company had no employees during the year
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