The Somerset Masonit Charity {A company limited by guarantee) Registered charity number 1127248 Company number 6715744 Report ol the TrusteÈs and Finanti31 Statements For the year ended 30 September 2024
The Somerset Masonic Charity (A company limlted by guarantee} Trustees, report and financial statements Forthe year ended 30 September 2024 CONTENTS Page Report of the Trustees (incorporating directors report) Statement of Trustee5' and Directors, Responsibilities Iieport of the Independent Examiner statement of Financial Activities Balance Sheet Notes 8-11
The Somerset Masonic Charity (A company limited by guarantee) Trustees, report and financial statements Forthe year ended 30 September 2024 REPORT OF THE TRUSTEES lincorporat5ng the directors report) The trustees present their Teport and the financial statement5 for the year ended 30 September 2024. The trustee5, who are also the directors for the purposes of cornpany law and who Served during the year and up to the date of this report are Set out on page 2. Structure. goveran¢e and mana8ement The company 15 a charitable company Ilmited by guarantee with no share capital and is governed by its Memorandum and Articles of Association. It was incorporated on 6 October 2008 and wa5 registered as a charity on 19 Decembèr 2008. The trustees have full responsibility for policy declslons. Objectives and artivltles The objectives of the charity are for the benefit of Freemasons, their relations or dependants or for the benefit of Ma50nic charities or other charitable institutions, societies and charitable purposes. Revlew of a¢tivities and achie¥ements The movernent on unre5tfiCted and restricted fundsls shown on page 5. For unrestricted funds total incoming resources Èxceeded expended resources by £43.716,12023 £16,896). For restricted funds total expended resources exceeded incoming resources by £8.875 12023 £4,773). Reserves The policy of the trustees is to keep a rnodest balance of unrestricted fvnds available for immèdiate charitable purposes. Risk management Recognising their responsibility for the trLtst'S Svstem of internal control, Trustees have formalised 3 process which will be reviewed regularly for identifying, evaluatin& ctsntrollin& mitl8ating and managing the most significant risks faced by the Charity. Sm411 company provlslons 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 IFRS 1021. Page I
The 5omerset Masonic Charity IA company limited by guarantee) Trustees, report and financial statements For the year ended 30 September 2024 REPORT OF THE TRUSTEES Ilncorporatlng the dire¢tor5' reportl/lcontinued} Offi¢er5 and Advisers The following served as officer5 and advisers during the year.. Trustees and dlre¢tors R Guthrie T R Leach KRSSurry B G W 8atley D C A Mason (resigned 30 April 20241 G Puddv Secretary J D B Martin Iresigned 18 September 20241 S R Mayer lappointed 18 September 20241 Reglstered Address 18 Portland Square BRISTOL BS2 8SJ Bankefs MetroBank One Southampton Row London WCIB SHA Lloyds Bank P.O.Box 10 Andover BXI ILT Investment Mana8ers Hargreaves Lansdown One College Square South Anchor Road Bristol BSI 5HL Independent Examlner D G Lockyer The Old Stables Clapton Crewkerne Somerset TA18 8PY By Order of the Board S R Mayer Secretory June 2025 Page 2
The Somerset Masonic Charity {A company limited bv Euaranteel Trustees, report and financial statements For the year ended 30 September 2024 STATEMENT OF TRUSTEES AND DIREOR$ RESP01451BIUTIES- charitable company The trustees Iwho are also directors of The Somerset Masonic Charity for the purposes of company lawl are responsible for preparing the Trustees, annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kin8dom Generally Accepted A¢¢ounting Practice) including FRS 102 he 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 statè of affair5 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 suiiable accounting policies and then apply them consistentlv,. Observe the methods and principles in the applicable Charitie5 SORP 2015 IFRS 1021 Make judgements and estimatès that are reasonable and prudent,. State whether applicable UK Accounting Standards have been followed, subject to any material departure5 disclosed and explained in the flnancial statements.. Prepare the financial statements on the going concern ba515 unle55 it 15 inappropriate to presume that the charitable company will continLtÈ in operation. The Trustees arè responsible for keeping adequate accounting fecords that disc105e with reasonable a¢curacy at any time the financial position of the charitable company and enable them to ensure that the rinancial statements comply with the Companie5 Act 2006. They are also responsible foi safeguarding the assets of the charitable Company and hence for taking reasonable steps for the prevention and detection of fraud and other iirègularities. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's web51te. Legislation in the United KinEdom governing the preparation and dissemination of financial statements may differ from legislation in tstherjuri%dict40n5. Page 3
The Somerset Masonic Charity IA company limited by guarantee) Trustees, report and financial statements For the year ended 30 September 2024 REPORTOF THE INDEPENDENT EXAMINER I report to the chaiity trustee5 on my examination of the accounts of the company foi the year ended 30 September 2024, which are set out on pages 5 to 11. Responslbilities and Basis of Report As the charity's trustees (who ale also the direttois of the company for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of thè Companies Act 2006 I'the 2006 Act") Having satisfied myself that the accounts of the company are not ¥equired to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your Charity's accounts as carried out under section 145 of the Charities Act 20111"the 2011 Act'l. In carrying out my examination, I have followed the directions given by the Charily Commlssion (under section 14515llbl of the 2011 A¢t. Independent Examinerfs statement I have completed my examination. I confirm that no material matters have come to my attention whith give me cause to believe that.. accounting records were not kept In accordance wilh section 386 of the 2006 Act, or the accounts do not comply with such record5, 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 account5 have not been prepared in accordance with Accounting and Reportln8 by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accoidance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no ¢oncerns and have come across no other matters in Connection with the examination to which attention should be drawn in this report in ordef to enable a proper undeistanding of the accounts to be reached. D G Lo¢kyèr BA FCA The Old Stable5 Clapton Crewkèrnè Somerset TA18 8PY June 2025 Page 4
The Somerset Masonic Charity IA company limited by guarantee) Trustees. report and financial statements For the year ended 30 September 2024 STATEMENT OF FINANCIAL AUIVITIES For the Yeor ended 30 September 2Q24 Unrestricted Funds Restricted Fund5 2024 2023 Note Incomlng Resources Incoming Resources from generatlng Fund5 Voluntory Income Donations Activitiesforgenerotingfvnds Profit on sale of lies and lapel badges Other Investment income and interest 19,371 444 19,815 11.026 2,463 2.463 1.386 10.823 491 11.314 9,469 Total Incomin8 Resour$ 32.657 935 33,592 21,881 Resources Expendèd Charitable Expenditure- Donations Portfolio Management Fee Other sundry expenses 22,853 441 2,986 13,881 169 36,734 610 2.986 28,450 512 2.261 Total Resources Expènded 26,280 14,050 40,330 31.223 Net incominlOut8o1n6I resources before other reco8nised gains Oiher recognised gains GainsllLossesl on investment assets 6,377 113,1151 16,7381 19,3421 37,339 4,240 41,579 21,465 Net Movement In funds 43,716 18,87SI 34,841 12.123 Reconcilation of funds Total funds brought fOnard Net Movement as above Total funds carried forward 312,115 43,716 355,831 102,789 8,8751 93,914 414,904 34,841 449,745 402.781 12,123 414,904 Page 5
The 5omerset Masonlc Charlty IA company limited by guarantee) Trustee5' report and financial statements For the year ended 30 September 2024 BALANCE SHE As ot 305eptember2024 2024 2023 Note Fixed Assets Investmenls 368,704 327.070 Current Assets Debtors Lodge Relief Chest Cash at Bank 803 65.601 870 61.837 41,496 104,203 96.475 Current Llabllitles Creditors'.Amounts falling due in les5 than one year Net Current Assets Net Assets 15.434 16.369 81,041 449,745 87.834 414,904 Represented by: Funds Unrestricted Funds Restricted Funds io li 355,831 93.914 449,745 312.115 102 789 414,904 The directors. statements required by section 475121 and131 of the Companies Act 2016 are shown on the following page, which forms part of thi5 balance sheet. Page 6
The Somer5et Ma50nic Charity {A company limited by guarantee) Trustees, report and financial statements For the year ended 30 September 2024 BALANCE SHE Icontinuedl In approving these financial statements as trustees and directors of the company we hereby confirm.. lal that for the year ended 30 September 2024 the company was entitled to the exemption conferred in section 477 of the Companies Act 2006, Ibl that no notice has been deposited at the registered office of the company pursvant to section 476 of the Companies Act 2006 reque5tin8 that an audit be conducted for the period ended 30 September 2023 and Icl that we acknowledge our responsibilities for: 111 ensuring that the cornpany keeps accounting records which comply with Section 386 and 387 of the Companies Act 2(K)6. and 121 preparing financial 5taternents which give a true 3nd fair view of the state of affairs of the company as at the end of the financial period and of ¢ts net tncome 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 relatinB to financial statements, so far as appli¢able to the company. These financial statement5 are prepared in accordance with the Special provisions of Part 15 of the Companies Act 2006 relating to Small companies and in actordance with FRS 102 and the Charities SORP IFRS 1021. The financial statements were approved by the boarcs on 25 lune 2025 and signed on its behalf by R Guthrie Director June 2025 Page 7
The Somer5et Masonic Charity IA company Ilmlted by guarantee) Trustees, report and financial statements For the year ended 30 September 2024 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 mernber, to contribute such sum (not exceeding £1) a5 may be demanded of him towards the payment of the debts and liabilities of the Company incurred before he ceased io be a member. the costs and expenses incurred in a winding up and the adjustment of the rights of the contributorie5 among themselves. 2. Accountlng pollties The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity's financial statements. 80515 olprepqrntion The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Staternent of Recommended Practice appl¢cable to ch31ities preparing their accounts in accordance with the Financial Reportrng Standard applicable in the UK and Republic of Ireland IFRS 1021. and the Companies Act 2006. and under the historical cost accountin8 rules as modified by the revaluation of investments. Investments Investments are stated in the balance sheel at their market values a5 at the balance sheet date. All movement5 in value arising from invèstment change5 or revaluation are recoEnised in the Statement of Financial Activities. Reali5ed 8ain5 or losses on investments are calculated as the difference between the disposal proceed5 and the market value as at the date of transfer lor historical cost if purchased within the periodl. Unrealised gains or10s5es are derived from the movement on market values during thè period. Incomlng 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 speciflc policies are applÉed 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 Actsvities 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 15 bearing the cost. Income from investments is included in the year in which it is reteivable. Resources expended Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and 15 reported as part of the expenditure to which it felates. Resourtes expended are fecognised in the year in which they are incurred. Page 8
The Somerset Masonlt Charity IA company limited by guarantee) Tru5tees' report and ffinancial statements For the year ended 30 September 2024 NOTESlcontinued 3. Investmentincome and interest Unrestrfcted Funds Restricted Funds Total 2024 2023 Investment Intome Bank and Relief Chest interest 7,162 3,661 10,823 491 7,653 3,661 7,350 2,119 491 11.314 9.469 4. Charbtable expenditure. donations Unrestricted Funds 2024 Restricted Funds 2024 Unrestritted Funds Restricted Funds 2023 2023 Old School Cornrnunity Project Queen Camel 81ind Veterans Dorothy House Yeovil Freewheelers Prostate Cancer Stjohn Ambulance Childrens Hospice South West Pill Community Foundation Dorset & Somer5et AirAmbulance Brid8waterAmateurSwimming aub Off the Record Masonit Fishing Charity Mercy In Artlon Royal 05teopor05is Society Fair Frome The Blue House Purple Elephant Springboard Oopportunity Group Missing knnk Housin8 Duke of EdinburEh Awards Stheme Swallow Ltd The Ja¢k Haieldine Trust Keinton Mandevllle Methodist ChuTch On Your Bike The Open Door (Tauntonl Clevedon & District Foodbank Somerset Ma50nic Friendship A550ciatlon Somerset Partnershlp NHS Compass Disability Service5 05prey Outdoorcommunity Interest Metnories at the Barn Yeovil Opportunity Group Docbike Somerset & Avon British Heart Foundation The Brandon Trust Lincolnshire 2025 Festival Royal & Select Master5 150 Appeal Chrons & Colitis UK The Julian Trust The Mankind Initiative sr Peter's Hospice Teddies for Loving Care Teddy purchase5 Total Prior Year TOTAL 10,000 125 125 500 500 750 275 250 250 IOD 250 25D 250 250 190 190 120 250 500 2,500 2,500 2,500 500 2,500 500 250 250 1,000 175 218 200 250 250 250 1,000 500 500 385 500 500 3,881 24,815 24,815 3,635 3.635 22,853 13,881 Page 9
The Somèrset Masoni¢ Charity IA company limited by guarantee) Tru5tees' report and financial statements For the year ended 30 September 2024 NOTE51¢ontlnued 5. Trustees remuneratlon and exptnsès No trustee received any form of remuneration or ie1mbursrnent of expense5 in relation to The Sorner5et Masonii Charity in the year under review. 6. Fixed a55ei Invesiments Unrestricted Restricted Market Value brought forward Gains1lLossesl on Investments Market Value carried forward 291,556 37.339 328.895 32.833 4.240 37.073 Analy51s of Investments Unrestricted Restricted Income from investments during the year Income from investments during the year Market Value as at 30.09.2024 Market V31ue a5 at 30.09.2024 Investments listed on a recognised stock exchange or held in common investrnent funds. open ended investment cornpanies. unit trusts or other collaborarive investment scherne Cash held by Brokers 328.895 2.736 331,631 7.162 37.073 491 7,162 37,073 491 7. Debtors 2024 2023 Other debtors 803 870 8. Rellef Chests Funds deposited with the Grand Charity Relief Chest are available for distribution to other reglstered charities at the trustees dixretion. These fund5 cannot be returned to The Somerset Masonic Charitv. 9. Creditor5: amgunts falllng due In less than one year 2024 2023 Other creditor5 15.434 16.369 Page 10
The Somerset Masonlc Charity IA company limited by guarantee) Trustees. report and financial statements For ihe year ended 30 September 2024 NOTE5lcontinued IQ. Unre5tricied funds Incoming Resources and Gair15 OutEoing resources and L05se5 Asat 01.10.2023 Asat 30.09.2024 General fund Purpose of unrestrlcted fvnds Unrestritted fvnosare fund5 that are expendable at the disuetion of the trustee5 in fijrtherance of the objects of the charity. In addition to expenditure, such fund5 may be held in ordertDfinance capital investment and working capital. 312,115 26,280 355,831 11. Restrirttdlund5 Incornin Resource5 Ind Gain5 Out80ing resource5 and L055e5 Asat 01.10.2013 Asat 30.09.2024 Whitchurch Childrens H05pi£e 8ANES Flood Recovery Fund Teddiesfor Lovin8 Care Scheme ITLCI 320 33.935 34.449 34.085 102.789 320 38,497 24.449 4.73J 169 io,Ix)o 444 5,175 14.050 93,914 Purpose ol unresirlcted futtd$ Restricted funds arÈ funds that are to be used In accordan with specific restrictions imp05ed by donors orthat have been roised bythe char¢tyfor particular purposes. The"6ANES~ Fund Is a dDnation frorn thp Bath Ma50nic Trust and is for 8rantsfor the benefit of distressed elderly people and ven to Indlwduals, chèrities or projects in the 8ath and North East Somerset Area, The Sornerset Masonic Flood Recovery Fund was established in MarEh 2D14 to support the people and communitles affetted by the floods in Somerset during the 201312014 winter. Cert4in monies were receiwed by the Charlty itself and have subsequently been paid over to the Somerset Cetnmunity Foundation. Further payments will be made once suitable projetts are identified and agreed. Other funds were paid directly to the 5omer5et Community Foundation and other or8ani5atioris in need of 511PPOrt. Fundraising appeals hèvÈ raised more than £220,CM)O in totsl. The Teddies for LovingC3re Scheme recelves donatlons to be used forthe purpose of providing small Teddy Bears to be Eive 12. Average number of employees E¥cludin8 director5 and trustees the company had no employees duiins the year l& Thesomerset Community Foundation The Somersetcemmunity Foundation holds funds on behalf ofThe Sornerset Masonic Charity butThe Somerset M8sonic Charity does not have title tothese funds, however, the charity can use the incorne arising therefrom fordonations in accordance with the charity's objetts and airns. Grants mède in the year ended 30 Septernber 2024 were:. Centre for OutdoorActlvlty & Community Hub Dun5ter Festival Edventure Frorne FordHaven Personal Achievements Creative Experiences South Somerset comrnvnltyAcssb1e Transport The Eqvivalent Projett Time Banks UK iooo iooo iooo iooo IOOD Page 11