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2021-03-31-accounts

MASONIC SAMARIT AN
FUND
Contents Page
Trustees'
Annual
Report
Strategic Report
Statement ofTrustees' Responsibilities 13
Auditor's
Report		 14
Consolidated
Statement		 of Financial Activities 18
Balance Sheets 19
Consolidated
Statement		 ofCash Flows 20
Notes to the Financial Statements 21
The following
pages do not form part ofthe statutory		 accounts
Annex A- Grants made to Charitable Institutions 31

All governance and management
capabilities
are
provided
by the
MCF and		 management
capabilities
are
provided
by the
MCF and		 details of the relevant relevant
committees
and		 processes are provided
in the annual
report and accounts ofthat		 company. Trustees and
committees
ofthe MCF address the specific needs ofthe Charity as part oftheir		 roles and responsibilities
for the MCF. The trustee board and the main committees
meet as follows:
Board/Committee Purpose Meetings per
ear
Trustee Board Main decision-making
body with ultimate
responsibility
for the
Charit
Audit and Risk Identification
and miti
ation of disk oversi
ht ofexternal
audit
Charity Grants Consideration
ofapplications
for grants from organisations
reco nised
b
the Charit
Commission
Finance Ensuring
adequate
procedures
are in place to manage
all
as ectsoffinancial
lannin,
controllin
andre
ortin
.
Fundraising Supporting
the masonic community's
fund raising activities		 to
su
ort the Charit
Investments Maintaining
investment
strategies
to meet the requirements		 of
the Charit, a
ointment
and monitorin
offund mana
ers
Masonic Support Consideration
ofapplications
from individuals
connected		 with
the masonic communit
for financial
relief
Property (RMTGB Development
and execution ofstrategies
to optimise the		 returns
onl from the Charit
's
ro ert
orffolio
Remuneration Determination
ofexecutive and staff
a
&benefits
Strategy Development
and implementation
ofstrategies to support		 the
Charity's
objectives.
In addition,
the trustees
hold an annual
strate
ic'awa
da '.

Risk Risk Cones
uence		 INiti
ation
Significant unexpected Reputational
damage,
loss of		 Strong financial procedures,
financial loss from confidence
with key stakeholders		 particularly
budgetary
planning
and
operations and impact upon continuing control. Oversight
from the Finance
financial
sustainabilit		 Committee,
Inadequate liquidity to Poor service to beneficiaries and Cash flow forecasting
and liquidity
meet financial reputational
damage. Withdrawal		 planning
within the Investment
commitments ofke
services from su
liars		 Strata
Significant long-term loss Impacts financial
sustainability		 Appointment
ofAsset Risk
in the value ofthe and reputational
damage
with		 Consultants
as expert investment
investment porffolio donors advisors,
providing
monthly
performance
reporting
and analysis,
Oversight
from investment
and
ro ert
committees.
Grants made outside the Reputational
damage,
loss of		 Strong procedures
and controls for
Charity's Objects and confidence
with key stakeholders		 processing
grants. Oversight
from
operating guidelines and potential
trustee
liability		 Masonic Support and Charity Grants
committees
Cyberattack on ITsystems All key operations
are		 United Grand Lodge of England
compromised ("UGLE")and IT notwork
providers
have strong security procedures
in
place covering access, protection,
L
I,
AAi
LICII sup&
C11Ill %JIDCI&le
%VJ I &Iy
facilities. Mandatory
cybersecurity
trainin
in
lace for all staff
Data protection breach Reputational
damage
and		 Data protection
policy,
ITsecurity
si
nificant financial
enalties		 and HR
olicies in
lace
Fraud Financial loss, reputational Financial procedures,
segregation
of
damage,
adverse impact upon		 duties, authority
limits,
IT security,
staff increased awareness
amon
st staff
Unavailability ofoffice Operations
compromised		 UGLE Business Continuity
Plan
accommodation
Loss of paper records Breach of legal obligations, Reduced reliance on paper records
from fire/flooding adverse
impact upon operations,		 with increased use of IT.
otential financial
enalties
Lack ofcompliance with Breach of legal obligations, HR procedures
and staff handbook.
employment legislation potential
financial
penalties,		 Induction
processes for new staff.
breakdown
ofstaff morale and		 Ongoing
management
training
and
adverse
impact upon service		 Personal
Development
Review
rovision
Undue reliance on key Operational
breakdown,
adverse		 HR procedures:
organisational
and
persons impact upon staff morale, poor succession
pianning.
service to beneficiaries
and		 Comprehensive
documentation
of
otentialre
utational
dama		 e rocedures
and controls

MCF CAIF RLAM RLAM RLAM RLAM RLAM RLAM RLAM CCLA
Short Term Cash Plus Enhanced
Fund at 31"March 2021 68.20 M 83.98 M F17.53 M E4.03 M E3.67 M
Investment approach Steady Capital Capital Capital Income &
Growth Protection Protection Protection long-term
Multi-Asset Capital
Growth
Benchmark Composite SONIA SONIA SONIA MSCI/AREF
UK other
balanced
ro ert
Peer Group ARC None None None ARC
Charity Charity
GBP GBP
Steady Steady
Growth Growth
Return for the ear 2790% P 17% 1.38% 2 63% 300%
Benchmark return for ear 26.00% 0.06% 0.06% 0.06% 5.00 %
Peer rou return for ear 24.60% N/A N/A N/A N/A
3 ear return 24.70% 0 57% 0.96% 1 50% 12.50%
3 ear benchmark 20.80% 0 41% P 41% P 41% 4.10%
3 ear eer rou tg 1P N/A N/A N/A N/A

Note 2021 2020
K'000 E'000
INCOME
Donations
and legacies		 472 1,257
Investment
income		 562 877
Total income 1,034 2 134
EXPENDITURE
Cost ofgenerating funds (81) (100)
Investment
management		 costs (220) (249)
301 349
Charitable
activities
Masonic grants
dk swlc~		 (14,230)
(10,229)
t56&l~&4ZL—
14,789 11376
Tata! expenditure (150904 f11 7251
Net gains/(losses)
on		 investments 5,407 (1,155)
NET MOVEMENT
IN		 FUNDS 8,649 10,746
Total funds brought forward 46,228 56,974
Total funds carried forward 37,579 46,228

MASONIC SAMARITAN
FUND
BALANCE SHEET as at 31 March 2021 Note March 2021 March 2020
Company
Number 6876310		 Group Company Group Company
f'000 E'000 F'000 f'000
FIXEDASSETS
Investments 8 11,874 11,874 25,316 25,316
11,874 11,874 25,316 25,316
CURRENT ASSETS
Debtors 9 187 180 84 49
Investments 8 25,527 25,527 22,756 22,756
Cash at bank and in hand 2,254 2,253 1,057 1,052
27 968 27,960 23,897 23,857
CURRENT LIABILITIES
Creditors
falling due within one year		 10 (1,971) (1,970) (2,099) (2,099)
NET CURRENT ASSETS 25,997 25,990 21,798 21,758
TOTAL ASSETSLESSCURRENT
LIABILITIES 37,871 37,864 47,114 47,074
Creditors
falling due after one year		 10 (292) (292) (886) (886)
Total net assets 37579 37572 46228 46,188
CHARITABLE FUNDS
Unrestricted
funds
General reserves 37,579 37,572 46,228 46,188
Total charitable funds 37,579 37,572 46,228 46,188

FLOWS YEAR ENDED 31 MARCH 2021
2021 2020
E'000 F000
Operating
Activities
Net cash provided by/(used
in) Operating		 Activities A 15864 10908
Cash flows from investing
activities
Dividends,
interest		 snd rents from investments 562 877
Proceeds from the sale of investments 35,500 18,337
Purchase of investments (19,001) (8,970)
Net cash provided by/(used
in) Investing		 Activities 17,061 10,244
Change
in cash and cash equivalents		 in the reporting
period 1,197 (664)
Cash and cash equivalents
at the beginning		 ofthe reporting
period 1,057 1,721
Cash and cash equivalents
at the end		 of the reporting
period B 2,254 1,057
Notes on the cash flow statement
A Reconciliation
of		 net income/(expenditure) to net
Nel movement
in funds
as per the Statement		 of
Financial
Activities		 (8,649) (10,746)
Adjustments
for:
Dividends,
interest		 and rents from investments (562) (877)
Other movements in investments (5,828) 517
(Increase)/decrease in debtors (103) 237
Increase/(decrease) in creditors (722) (39)
Net cash provided by/(used
in) Operating		 Activities 15864 10,908
B Analysis ofcash and cash equivalents
Cash held by investment
managers		 0 0
Cash at bank and in hand 2,254 1,057
Total cash and cash equivalents 2 254 1 057

2. DONATIONS AND LEGACIES LEGACIES 2021 2020
f'000 f'000
Festivals 29 42
Other donations 60 145
Legacies 383 1,070
472 1,257
3. INVESTMENT INCOME 2021 2020
f'000 f'000
Interest on bank deposits 1 4
Income from investment poiffolios 561 873
562 877
4. INVESTMENT MANAGEMENT COSTS 2021 2020
f'000 f'000
Investment
fund management		 200 229
Support costs 20 20
220 249
5. CHARITABLE ACTIVITIES 2021 2020
f'000 f'000
Masonic
Care and welfare support 11,300 5,100
Sickness and illness 1,757 3,327
Support Costs 1,173 1,802
14,230 10,229
Non-Masonic
Covid-19 Emergency Grants 431 0
Medical
& Social Research Programme		 64 1,137
Support Costs 64 10
559 1 147

Non-
6. SUPPORT COSTS Cost of Investment Masonic Masonic Total Basis
Generating Management 2021 for
Funds Allocatioi
r000 OOOO E'0OO E'000 E'000
Relief Chest - Fundraising 16 0 0 0 16 (a)
Fundraising 4 0 0 0 4 (a)
Legacies 23 0 0 0 23 (a)
Masonic Support - Grants 0 0 261 0 261 (a)
Masonic Support - Advice & Support 0 0 177 0 Irr (a)
Masonic Support - Provincial &Volunteers 0 0 75 0 75 (a)
Relief Chest - Charitable 0 0 49 3 52 (a)
Community
Support		 &Research 0 0 0 23 23 (a)
Strategic &Impact 0 0 25 2 27 (b)
Executive 15 0 71 4 90 (c)
Finance 6 12 70 4 94 (c)
Digital &Technology 0 0 88 6 94 (b)
Human Resources 0 0 29 2 31 (b)
Communications 0 0 136 8 144 (b)
Governance 0 0 48 3 51 (5)
Facilities &Administration 0 0 52 3 55 (b)
IL1
Administration
and Support		 V V %JI I
I		 (Vr
Facilities &Admin - Ruspini House 0 0 0 0 (b)
Other 15 8 25 50
81 20 1 173 64 1,338

YE AR ENDED 31 MARCH 2021
Non-
6. SUPPORT COSTS:2020 Cost of Investment Masonic Masonic Total Basis
Generating Management 2020 for
Funds Allocation
E'000 t."000 E'000 E'000 E'000
Relief Chest - Fundraising 27 0 0 27 (a)
Fundraising 12 0 0 12 (s)
Legacies 20 0 0 20 (a)
Masonic Support - Grants 0 0 327 327 (a)
Masonic Support - Advice 8 Support 0 0 270 270 (a)
Masonic Support - Provincial &Volunteers 0 0 113 113 (a)
.Relief Chest -Charitable 0 0 100 100 (a)
Community
Support
8 Research		 0 0 0 (a)
Strategic & Impact 0 0 79 79 (b)
Executive 29 0 208 238 (c)
Finance 13 20 185 218 (c)
Digital &Technology 0 0 52 52 (b)
Human
Resources		 0 0 52 52 (b)
Communications 0 0 243 244 (b)
Governance 0 0 89 89 (b)
Facilities 8 Administration 0 0 105 105 (b)
Administration
and Support		 0 0 130 130 (b)
Facilities & Admin - Ruspini House 0 0 0 0 (b)
Other (1) 0 (151) (151)
100 20 1 802 10 1 932

YE AR ENDED 31 MARCH 20 21
8. INVESTMENTS March 2021 March 2020
Group Company Group Company
E'000 8'000 6'000 f'000
Fixed Asset investments
- Managed
funds
MCF CAIF 8,202 8,202 21,729 21,729
CCLA Property
Fund		 3,672 3,672 3,587 3,587
11874 11 874 25,316 25,316
Current Asset Investments
- Managed
funds
RLAM Cash Reserve funds 25,527 25,527 22,756 22,756
25,527 25,527 22 756 22 756
37,401 37401 48,072 48,072
MOVEMENTS
IN INVESTMENTS
Balance at 1 April 2020 48,072 48,072 57,956 57,956
Additions 19,001 19,001 8,970 8,970
Disposals (35,500) (35,500) (18,337) (18,337)
Transfers from/(to) group undertakings 0 0 0 0
Investment
income reinvested		 551 551 844 844
Management
fees charged		 to the fund (130) (130) (206) (206)
Gains/(losses) 5,407 5,407 (1,155) (1,155)
Changes
in cash balances		 held 0 0 0 0
Balance at 31 March 2021 37,401 37,401 48,072 48 072
RECONCILIATION
TO SOFA
Gains/(losses)
on listed
investments 5,407 5,407 (1,155) (1,155)
Gains/(losses)
within cash		 balances held 0 0 0 0
5,407 5,407 1,155 1,155

9. DEBTORS DEBTORS March 2021 March 2020
Group Company Group Company
F'000 6'000 E'000 E'000
Amounts owed by group undertakings 90 88 0 0
Prepayments and accrued income 4 4 3 3
Other debtors 93 88 81 46
187 180 84 49
10. CREDITORS March 2021 March 2020
Group
6'000		 Company
f'000		 Group
f'000		 Company
f'000
Falling due within one year
Grants payable 1,963 1,963 1.912 1,912
Amounts owed to group undertakings 0 0 187 187
Accruals and deferred income 8 7 0 0
1 971 1,970 2099 2,099
Falling due after more than one year
Grants payable 292 292 886 886
292 292 886 886

2021 2020
f'000 E'000
Gross income 110 107
Donation
to parent charity		 141 130
Net movement
in funds		 (31) (23)
Total funds brought
forward		 39 62
Total funds carried forward 39
Represented
by net assets as follows:
Debtors and prepayrnents 34
Cash at bank and in hand 5
Amounts
owed by group undertakings		 0
39

ANNEX A —GRANTS MADE T O CHARITABLE IN STITUTION S
Charity Grant Purpose
COVID-19 H
I
Su		 mme
3D Printing
COVID 19Face Shield initiative		 —5Barnett, (NAVY CU- 1,640 Provision of PPE
AED QAD QSM) &SSAFA
Barnsley Hospice 1,000 Provision of PPE
Benevolent Committee ofthe Provincial Grand Lodge of Durham 1,000 Provision of PPE
Blood Bikes Wales 10,000 COVID-19 support
Bracken Trust Cancer Support Centre 1,000 Provision of PPE
Care4carehomes 2,000 COVID-19 support
Church Crookham
&Fleet Men's Shed		 300 Provision of PPE
Community
Donations
—Poole		 and Bournemouth 500 COVID-19 support
Crafting for Carers 1,000 Provision of PPE
Dr Kershaw's
Hospice		 7,500 COVID-19 support
East Lancashire
Hospice		 3,400 COVID-19 support
East Lancashire
Masonic Charity		 10,000 Provision of PPE
Eccleshall Scrub Hub 1,000 Provision of PPE
Essex Freemasons
Community		 Fund 10,000 Provision of PPE
For the Love ofScrubs - Dorchester
and		 Weymouth 500 Provision of PPE
For the Love ofScrubs (ReFurnish) 2,000 Provision of PPE
For The Love ofScrubs Stamford,
Lines/Rutland		 1,000 Provision of PPE
Friends ofLlanidloes
High School		 500 Provision of PPE
Frontline
Facemasks		 500 Provision of PPE
Great Western
Air Ambulance		 Charity 1,600 Provision of PPE
Hannah's
Headbands
Dorset		 250 COVID-19 support
Herefordshire
4x4 Support		 2,500 COVID-19 support
Isle Listen 5,000 COVID-19 mental health
support
Jakki Bardsley, Independent
Scrubs Maker		 500 Provision of PPE
Joseph Mearman
—Community		 Group 1,500 Provision of PPE
Les Amis inc 2,000 Provision of PPE
Loved Garms Headbands 250 Provision of PPE
Metropolitan
Grand
Lodge of		 London 305 COVID-19 equipment support
Metropolitan
Grand
Lodge of		 London 20,231 COVID-19 equipment support
Midland
Freewheelers		 1,000 COVID-19 support
Nailsea School 1,000 Provision of PPE
Oxford NHS Health Trust 5,000 COVID-19 support
Oxfordshire
Masonic Charity		 6,000 COVID-19 equipment support
Protect - production of PPE 2,000 Provision of PPE
Province ofYorkshire
North and East Riding		 2,000 Provision ofPPE
Province ofYorkshire
North and East Riding		 500 Provision of PPE
Province ofYorkshire
North and East Riding		 2,000 Provision of PPE
Provincial
Grand Lodge ofBuckinghamshire		 6,000 COVID-19 equipment support
Provincial
Grand Lodge ofBuckinghamshire		 172 COVID-19 equipment support
Provincial
Grand Lodge ofBuckinghamshire		 11,435 COVID-19 equipment support
Provincial
Grand Lodge of Buckinghamshire		 3,400 Provision of PPE
Provincial
Grand Lodge ofBuckinghamshire		 4,000 Provision of PPE

Provincial Grand Lodge of Cambridgeshire Cambridgeshire Cambridgeshire 7,000 Provision of PPE
Provincial Grand Lodge of Durham 451 COVID-19 equipment support
Provincial Grand Lodge of Durham 29,906 COVID-19 equipment support
Provincial Grand Lodge of East Kent 25,000 Provision of PPE
Provincial Grand Lodge of Lincolnshire The New Provincial 2,500 COVID-19 equipment support
Benevolent Fund
Provincial Grand Lodge of Lincolnshire The New Provincial 2,000 COVID-19 equipment support
Benevolent Fund
Provmciai Grand Lodge oi Lincoinshire The New Provinciai 2,000 COViD-19 equipment support
Benevolent Fund
Provincial Grand Lodge of Lincolnshire The New Provincial 700 COVID-19 equipment support
Benevolent Fund
Provincial Grand Lodge of Lincolnshire The New Provincial 2,300 Provision of PPE
Benevolent Fund
Provincial Grand Lodge of Lincolnshire The New Provincial 5,000 Provision of PPE
Benevolent Fund
Provincial Grand Lodge of Monmouthshire 2,000 Provision of PPE
Provincial Grand Lodge of Monmouthshire 3,500 COVID-19 equipment support
Provincial Grand Lodge of Monmouthshire 1,057 COVID-19 hospital support
Provincial Grand Lodge of Monmouthshire 1,250 Provision of PPE
Provincial Grand Lodge of Norfolk 4,680 COVID-19 equipment support
Provincial Grand Lodge of Norfolk 5,000 Provision of PPE
Provincial Grand Lodge of South Wales 265 COVID-19 equipment support
Provincial Grand Lodge of South Wales 17,592 COVID-19 equipment support
Provincial Grand Lodge of Surrey 35,184 COVID-19 equipment support
P o incial Grand Iodige of Surreu 531 I OVID-19 equipment support
Provincial Grand Lodge of Surrey 33,764 Provision of PPE
Provincial Grand Lodge of Worcestershire 5,278 COVID-19 equipment support
Provincial Grand Lodge of Worcestershire 80 COVID-19 equipment support
Provincial Samaritan
Fund		 South Wales 5,500 Provision of PPE
Queen Elizabeth Uni Hospital
Birmingham		 Super Heroes Fund 30,000 COVID-19 support
Ross-on-Wye
Community		 Development Trust 1,000 Provision ofPPE
Sailors' Society 250 Provision ofPPE
Scrubstars 250 Provision of PPE
SERVWessex 4,000 COVID-19 support
Severn Freewheelers
Emergency
Voluntary		 Service 4,000 COVID-19 support
Somerset Masonic Charity 8,000 COVID-19 equipment support
Somerset Masonic Charity 10,000 COVID-19 equipment support
Somerset Masonic Charity 133 COVID-19 equipment support
Somerset Masonic Charity 8,796 COVID-19 equipment support
Somerset Masonic Charity 2,000 COVID-19 support
South Gloucestershire,
Gloucester, Cotswolds		 Ik Stroud Group of 500 Provision of PPE
Scrub Hub.
Southwell Street Fayre (Defibrillator appeal) 1,207 COVID-19 equipment support
St Edwards School - Poo(e 500 Provision of PPE
StGemma's
Hospice		 1,000 Provision of PPE
Stfohn Ambulance
- Farnborough
Branch		 250 COVID-19 support
St Luke's Hospice 1,000 Provision of PPE
StWilfrid's Hospice 870 Provision of PPE

Stafford Scrub Hub 1,000 Provision ofPPE
Staffordshire,
Shropshire		 &Cheshire Blood Bikes 1,000 COVID-19 support
The Hart School (Rugeley) 1,000 Provision of PPE
The Provincial
Grand
Lodge ofHerefordshire		 2,700 COVID-19 equipment support
Thomas Alleyne's
High School		 1,000 Provision of PPE
Thomas Hardye School - Dorchester - Wessex Multi-Academy Trust 250 COVID-19 equipment support
Threads Alterations
Company
Ltd		 250 Provision of PPE
University
Hospitals ofDerby &Burton		 1,920 COVID-19 support
University
ofEast Anglia		 6,000 COVID-19 medicalequipment
sUpport
University
ofEast Anglia		 5,000 COVID-19 medical equipment
sUPPol"t
University ofEast Anglia 10,000 COVID-19 medical equipment
sUpport
West Dorset Scrubbers 500 Provision of PPE
Widows Sons Masonic Bikers Association 500 Provision of PPE
Total 490,897
Total 490,897
Overall
Total		 490,897
Discounting of long term grants (movement) 64,195
Per Accounts 495,092