MASONIC SAMARITAN FUND
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Charity Number: 1130424
Company Number: 6876310

MASONIC SAMARITAN FUND
Contents
Paga
Trustees, Annual Report
Strategic Report
Statement of Trustees Responsibilities
13
Auditorfs Report
14
Consolidated Statement of Financial Activities
18
Balance Sheets
19
Consolidated Statement of Cash Flows
20
Notes to the Financial Statements
21
Page 2 of 30

MASONIC SAMARITAN FUND
TRUSTEES, ANNUAL REPORT
The Trustees are pleased to submit their report for the year ended 31st March 2024 together with th8
consolidated accounts for the Charity and its subsidiary. This report includes a directors, report as required
by Section 415 of The Companies Act 2006 and a strategic report as required by The Companies Act 2006
(strategic Report and Directors, Report) Regulations 2013.
Reference and Administrative Information
Name and Registered Office
The name of the charity is the Masonic Samaritan Fund (the "Chariv) and it has its registered office at
60 Great Queen Street, London, WC2B 5AZ.
Trustaes
The Trustees who served during the year were:
The Masonic Charitable Foundation ("MCF") (Corporate Trustee, Registered Charity No.
1164703, Company Number 09751836)
James M. Long, TD (Appointed 14¢h March 2024)
Sir Paul Williams, OBE, KStJ, DL (Resigned 141h March 2024)
The trustees of the MCF who served during the year were..
John Boyington, CBE (Resigned 31st July 2023)
Sinead Brophy (Resigned 31st July 2023)
Simon Duckworth, OBE, DL (Resigned 31st July 2023)
Clive Emerson (Appointed Treasurer 1 $1 August 2023)
Dr Simon Fellennan
Edward Goodchild (Appointed 1 sl August 2023)
Alan Graham, MBE
Antony Harvey (Resigned 318t July 2023)
Christopher Head
Michael Heenan (Treasurer) (Resigned 31 St July 2023)
James Long, TD (President) (Appointed Chairman 151 January 2024)
Charlotte Miller (Appointed GO-OPtee 1°, August 2023)
Stephen Robinson
Marie Shenton (Appointed 1st August 2023)
David Southem
Bruce Walker
Andrew Wauchope (Resigned 31st July 2023)
Sir Paul Williams, OBE, KStJ, DL (Deputy President and Chairman to 3131 De￿rnber 2023)
Howard Wilson
Page 3 of 30

MASONIC SAMARITAN FUND
TRUSTEES, ANNUAL REPORT
Executive
The Executive during the year to 31st March 2024 were..
Les Hutchinson, Chief Executive
Charles Angus, Group Finance Director
Brenda Nurse, Company Secretary
Auditor
Knox Cropper LLP, Chartered Accountsnts, 65 Leadenhall Street, London, EC3A 2AD
Bankers
Barclays Bank Plc, Level 28, 1 Churchill Place, Canary Wharf, London, E14 5HP
National Westminster Bank Plc, Bloomsbury Parr's Branch, 214 High Holborn, London, WC1V 7BX
Investment Advisors
Asset Risk Consultants Limited, 7 New Street, St. Peter Port, Guemsey, GY12PF
Investment Managers
Royal London Asset Management Ltd., 55 Gracechurch Street, London, EC3V OUF
Solicitors
stone King LLP, Boundary House, 91 Charterhouse Street, London, EC1 M 6HR
Page 4 of 30

MASONIC SAMARITAN FUND
TRUSTEES, ANNUAL REPORT
Structure, Governance and Management
Organisation
The Charity is constituted as a company limited by guarantee and its governing document is its articles of
association. It was incorporated on 14th April 2009 for the purpose of taking over the charitable work of th8
unincorporated trust of the same name, regISte￿d charity number 1001298. On 1 St October 2009, the
assets and undertaking of the unincorporated trust were transferred to the Charity. The unincorporated
trust was subsequently dissolved.
As the Trustees consist of the MCF and the chairman of the MCF, the MCF exarcises control over the
Charity, and will consolidate the Charity's results in its group accounts.
Details of the processes for the appointment, induction and training of the MCF'S trustees are given in the
annual report and accounts of that company.
Governance and Management
All govemance and management capabilities are provided by the MCF and details of the relevant
committees and processes are provided in the annual report and accounts of that company. Trustees and
committees of the MCF address the specific needs of the Charity as part of their roles and responsibilities
for the MCF. The trust88 board and the main committees meet as follows:
Boardlcommittee
Purpose
Meetings per
ear
Trustee Board
Main decision-making body with ultimate responsibility for the
Charit
Identification and miti
ation of risk, oversi
ht of extemal audit
Consideration of applications for grants from organisations
reco
nised b the Charit Commission
Ensuring adequate procedures are in place to manage all
as
cts of financial lannin
controllin
and re
rtin
Supporting the masonic communty's fund raising activities to
su
ort the Charit
Maintaining investment strategies to meet the requirements of
the Charit
ointment and monitorin
of fund mana
ers
Consideration of applications from individuals connected with
the masonic communit for financial relief
Development and execution of strategies to optimise the retums
from the Charit
ro
ortrolio
Determination of executive and stsff
& benefits
Development and implementation of strategies to support the
Charity's objectives. In addition, the trustees hold an annual
strate
ic 'awa
Audit and Risk
Charity Grants
Finance
Fundraising
Investments
Masonic Support
Property (RMTGB
onl
Remuneration
Strategy
The Charity does not employ any staff, with services being provided by staff employed by the MCF. These
S8rrfices are recharged by the MCF monthly, based upon Ihe number of grants processed, as detailed in
note 6 to the accounts.
Page 5 of 30

MASONIC SAMARITAN FUND
TRUSTEES, ANNUAL REPORT
Related Charity
In accordance with a Scheme approved by the High Court on 201h July 1999, the Royal Masonic Hospital
Charity {'RMHC'), registered charity number 205793, is controlled by a board of management defined as
the persons who from time to time constitute the board of trustees of the Charity. The High Court Order
was amended in accordance with a resolution of the members of the unincorporated trust to delete
references to the unincorporated trust and substitute references to the Charity.
RMHC continues to receive legacy income (£0.05 M during the current year), which is transferred as a
grant to the Charity. The results of RMHC have been consolidated with those of the Charity in the financial
statements.
Page 6 of 30

MASONIC SAMARITAN FUND
STRATEGIC REPORT
Objectives and Activities
Objectives
The beneficiaries of the Charity are Fr8emasons, the wives (or widows as the case may be) or the children
or dependents or partners of Freemasons or deceased Freemasons. The objects for which the Charity is
established are to advance health and relieve those in need (whether financially or otherwise) by reason
of their ill-health or disability by the provision of medical assistance, support, treatment, care or advice to
beneficiaries, and by commissioning research which is anticipated to offer benefits to beneficiaries.
Support will principally give relief to applicants who demonstrate a financial need and who are othenvise
unable to obtain treatment or care from the NHS or Local Authority (or overseas equivalent) without undue
delay or hardship.
Activities
Grants are offered toward the cost of:
Private medical treatment, surgery or specialist consultations for those facing a lengthy wait for
treatment or surgery on the NHS.
Home adaptations for those with disabilities and mobility problems who are unable to get support
from their Local Authority (or equivalent), or who face a lengthy wait for those adaptations.
Mobility aids for in and around the home and car for those unable to get support from th8 NHS or
their Local Authority.
Essential dental treatments and procedures which cannot be provided freely or quickly on the NHS.
Respite care for family carers who provide vital support for a loved one.
Medical research to fund basic, clinical and epidemiological research projects that aim to improve
knowledge, treatment and services for those with illnesses or disabilities.
In addition to grants, advice and support is offered to help those in need to navigate the health and
social care system to ensure they are re￿Iving the support to which they and their loved ones are
entitled.
Grants are assessed against eligibility criteria, the guidelines for which are reviewed regularly.
Aims
Following th8 creation of the MCF, for 2023124 the primary aim of the Charity was, through the work of the
MCF. to combine grant-making activities with those of the RMTGB and TGC to ensure the combined broad
range of support was offered to all eligible beneficiaries consistently to the same high standards.
Page 7 of 30

MASONIC SAMARITAN FUND
STRATEGIC REPORT
Publlc Benefit
The Trustees have complied with their duty to have due regard to the guidance on public benefit published
by the Charity Commission in exercising their powers and duties. As described above, the Charity offers
assistance to Freemasons and their dependents who can demonstrate a medical and financial need. Th8
Charity has continued to make significant grants in aid of medical research, which benefit the national and
international community. It is expected that it will continue to make further grants in the future under the
direction of the MCF (the parent charity), subject to the availability of funds. There are currently
approximately 160,000 Freemasons in England and Wales, plus a further 20,000 in overseas districts, and
similar number of dependents. Thus almost half a million people are potentially eligible for the Charity's
support. Freemasonry is a secular fraternal society which is open to all adult men who subscribe to its
moral and spiritual values.
Achievements and Perforniance
The Charity has successfully merged its Masonic grant-making activities under the MCF, resulting
in a single point of contact and support for all those within the Masonic community seeking help
with health and care needs. Through the creation of GAMES (Grant Application Management and
Evaluation System) it can now manage, monitor and report on all grants and enquiry activity.
GAMES also allows trained volunteers to submit and monitor applications for support online in their
4r, ;=gicr,=
Through the MCF 1,577 grants were awarded to 1,162 unique beneficiaries for a total of £4.25 M,
net of write backs from prior years, across a wide range of forms of support.
A grant of £6.92 M was provided to the Royal Masonic Benevolent Institution Care Company
('RMBICC") to support publically-funded Freemasons in care homes.
Page 8 of 30

MASONIC SAMARITAN FUND
STRATEGIC REPORT
Financial Review
Review of the Year
The principal funding sources continue to be legacies and investment ￿turnS.
Income of £1.13 M was in line the prior year. Legacies are by nature variable, and income from this source
for the current year of £0.47 M was 240/0 lower than the prior year. High interest rates during the year
resulted in investment income of £0.61 M, 31 % higher than prior year.
Expenditure of £13.13 M was 17 % higher than the prior year, due to the high8r value of medical grants
made in the year following record high NHS waiting times. Charitable support costs of £1.89 M were 20 %
higher than prior year, with a greater allocation of central costs to the MSF due to the increased number
of grants made.
Investment gains of £0.05 M were achieved compared to losses of £0.15 M in the prior year. The deficit
for year transferred to reserves was £11.95 M (2023: deficit of £10.25 M).
Reserves Policy
Following the commencement of operations of the MCF in April 2016, all new festivals have been targeted
to raise funds forthis new charity, which has wide objects to direct grants to where support is most needed.
As a result, voluntary incom8 for the Charity has declined significantly to minimal levels over the past two
years. The policy is to prioritise the payment of all grants that fall underthe objectives of the Charity through
the reserves of the Charity before drawing upon the resources of the MCF. Consequently, it is planned
that the Charity's reserves will eventually diminish to a minimal level and the occasional legacy, at which
time the MCF will take over full responsibility for the continuation of the Charitys objects.
Page 9 of 30

MASONIC SAMARITAN FUND
STRATEGIC REPORT
Principal Risks and Mitigation
The principal risks identified and agreed actions to mitigate are shovm in th8 following table:
Risk
Significant unexpected
financial loss from
operations
Conse
uence
Reputational damage, loss of
confidence with key slakeholders and
impact upon continuing financial
sustainabilit
Poor service to beneficiaries and
reputational damage. Withdrawal of
ke
services from su
liers
Impacts financial suslainability and
reputational damage with donors
ation
Strong financial procedures. particularly
budgetary planning and control. Oversight
from the Finance Committee.
Inadequate liquidity to
meet financial
commitments
Significant long-term loss
in the value of the
invostmont portFolio
Cash flow forecasting and liquidity planning
within the Investment Strategy
Appointment of Asset Risk Consultants as
expert investment advisors, providing
monthly performance reporting and
analysis. Oversight from investment and
ro
committees.
Strong procedures and controls for
processing grants. Oversighl from Masonlc
ort and Charit Grants committees
UGLE manage and monitor networks,
servers and backup systems, and has
deployed appropriate defence mechanisms
e.g. firewalls, antivirus etc.
Third party hosted systems lapplications
have relevant controls and security
regimes. Information systems are only
accessed via the VPN network andlor multi-
factor aulhentication protocols.
Grants made outside the
Charitws Objects and
eratin
uidelines
Cyberattack on IT
systems
Reputational damage. loss of
confidence wilh key stakeholders and
otential truslee liabilit
Operalional disruption resulting In
financial, reputational. legal and
regulatory damage.
MCF'S Informalion Security Group (ISG)
have various digital & IT procedures and
policies in place. Cyber awareness and
trainin
ro
ramme mandalor
for all staff.
Data protection policy. IT security and HR
olicies in
lace
Financial procedures, segregalion of duties,
authority limits, IT security, increased
awareness amon
st staff
MCF Business Continuity Plan
Data protection breach
Reputational damage and significant
financial
enalties
Financial loss, repuiational damage,
adverse impact upon staff
Fraud
Unavailability of office
accommodation
Loss of paper records
from firefflooding
Operations compromised
Breach of legal obligations. adverse
impact upon operations, potential
financial
enalties
Breach of legal obligations, potential
financial penalties, breakdown of
staff morale and adverse impact
n service
rovision
Operational breakdown, adverse
impacl upon staff morale, poor
service to beneficiaries and potential
re
utational dama
Reduced ￿lIanCe on paper records with
increased use of IT.
Lack of compliance with
employment legislation
HR procedures and staff handbook.
Induction processes for new staff. Ongoing
management training and Personal
Develo
menl Review
HR procedures.. organisational and
succession planning. Comprehensive
documentation of procedures and controls
Undue reliance on key
persons
Risks are actively monitored by the Executive and the senior leadership team, and formally reviewed by
the audit and risk committee at their quarterly meetings.
Page 10 of30

MASONIC SAMARITAN FUND
STRATEGIC REPORT
Investment Policy and Performance
The MCF global investment strategy seeks to protect the capital value of investments that are required to
fund operations for a three-year time horizon (the "Cash Reserve.) and to invest all remaining funds for
long term grothrth, on a total return basis, with an overall objective of making a retum of CPI plus 3.50A net
of all expenses.
The Cash Reserve is provided by Royal London Asset Management ('RLAM") and utilises three of their
funds, which provide a mix of instruments, including cash instruments, Treasury Bills, covered (secured)
bonds, corporate bonds, Supranationals and mortgage-backed securities. The performance objectives of
the three funds are:
Short Term Money Market Fund..
Short Term Fixed Income Fund:
Short Term Fixed Income Enhanced Plus Fund:
SONIA
SONIA plus 0.500k gross of fees
SONIA plus 1.000/0 gross of fees
The MCF sponsored the launch of the Masonic Charitable Foundation Investment Fund CAIF, which took
place on 1st October 2018. This is a unit trust with a highly efficient tax wrapper in which the MCF and all
its subsidiary charities own their shares in the fomi of units. Units will be sold as required in order to top
up the Cash Reserve on a quarterly basis. The investment strategy is directed for'steady Growth" which
is a medium-high risk strategy. Risk is managed through diverstfication, with the funds split between four
different fund managers operating on multi asset mandates but utilising differing investment management
styles. The overall fund manager is Thesis Unit Trust Management Limited and the custodian is Northem
Trust.
st
The strategic and actual asset allocations as at 31 March 2024 are shown in the following table:
Asset Class
Strategic
Allocation
Benchmark
Actual 31.
March 2024
Cash
Fixed Income
International E
U.K. E uit
Erne
in
Market E
uit
Altemative Investments
Pro
ert
SONIA
FTSE UK World Gov. Bond Index GBP
MSCI World ex UK NR GBP
MSCI UK E uit NR GBP
MSCI Eme
in
Markets E
uit NR GBP
HFRX Global Hed e Fund GBP
IA UK Direct Pro
TR
uit
12.69%
3.75 %
100.OOQ/o
100.00%
Performance under the new arrangements is shown in the table overleaf:
Page11 of30

MASONIC SAMARITAN FUND
STRATEGIC REPORT
Investment Policy and Performance (Continued)
MCF CAIF
RLAM
Money
Market
RLAM
Short Tenn
Fixed
Income
RLAM
Short Term
Fixod
Income
Enhanced
£Nil
Capital
Protection
CCLA
Property
Fund
Fund at 31st March 2024
Investment approach
£Nil
Steady
Growth Multi-
Asset
£7.31 M
Capital
Protection
£Nil
Capital
Protection
£Nil
Income &
long-term
Capital
Growth
MSCIIAREF
UK other
balanced
ro
ARC
Charity
GBP
Steady
Growth
0.50 %
1.10
Benchmark
Composite
SONIA
SONIA
SONIA
Peer Group
ARC Charity
GBP Steady
Growth
None
None
None
Return for the
ear
Benchmark return for
Peer
rou
return for
ear return
ear benchmark
ear
eer
rou
16.20%
ear
4.97Q/o
4.970
4.30%
4.97 %
ear
stock markets had a very strong run in the final quarter of the financial year, resulting in an increase in the
valuation of the MCF CAIF from its opening value of £126.25 to close at £146.47 per unit.
Plans for Future Periods
All future grant-making and support activities will be managed through the MCF, but those relating to the
Charity's objects will be recharged back to it. With all new festivals being linked to the MCF, this will result
in reserves being depleted over a period of time. The Charity will continue to receive income from its
investments, which will extend the remaining lifetime of the Charity.
Key activities being planned for the future by the MCF on behalf of the Charity are provided in the annual
report and accounts of the MCF.
Page 12 of30

MASONIC SAMARITAN FUND
STATEMENT OF TRUSTEES, RESPONSIBILITIES
Statement of Rosponslbillties
The Trustees, who are also the directors of the Charity for the purposes of company law, are responsible
for preparing the trustees, report and financial statements in accordance with applicable law and United
Kingdom Accounting Standards (U.K. "GAAP").
Company law ￿qUireS the trustees to prepare financial statements for each financial year which give a
true and fair view of the state of affairs of the Charity and of the income and expenditure of the Charity for
that year. 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 Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing théir financial statements in accordance
with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland
(FRS102);
make judgements and estimates that are reasonable and pwdent.
state whether United Kingdom accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concem basis unless it is inappropriate to presume
that the charity will Continue to OP8rat8.
The Trustees a￿ responsible for keeping proper accounting records that disclose with reasonable
accuracy at any tim8 the financial position of the Charity 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 Charity and for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
Statement of Disclosure of Information to Auditor
Each of the Trustees has confirmed that thera is no information of which they are aware which is relevant
to the audit, but of which the auditor is unaware. They have further confirmed that they have taken
appropriate steps to identrfy such relevant informatlon and to 8Stablish that the auditor Is aware of such
infonnation.
Auditor
A resolution proposing that Knox Cropper LLP be reappointed as auditor will be put to the members.
Approval by Trustees
This report, including the strategic report, was approved by the Trustees on 12th September 2024 and
signed on their behalf by
Long. T
President and Chairman, MCF
Page 13 of 30

MASONIC SAMARITAN FUND
REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBER OF THE
MASONIC SAMARITAN FUND
Opinion
We have audited the financial statements of Masonic Samaritan Fund (the 'Parent Charity,) and its
subsidiary ('the Group,) for the year ended 31 March 2024 which comprise the Consolidated Statement of
Financial AGtivities, the Consolidated and Parent Charity Balance Sheets, Consolidated Statement of Cash
Flows and notes to the financial statements, including a summary of significant accounting policies. The
financial reporting framework that has been applied in their preparation is applicable law and United
Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting
Standard applicab18 in th8 UK and Republic of Ireland (United Kingdom Generally Accepted Accounting
Practice).
In our opinion the financial statements..
give a true and fair view of the state of the group's and the Parent Charity's affairs as at 31 March
2024 and of the Group's income and expenditure for the year then ended.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis of opinion
We conducted our audit in accordanco with Intcrnational Standards on Auditing (UK) {ISAs (UK)) and
applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of the
group in accordance with the ethical requirements that are relevant to our audit of the financial statements
in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in
accordan￿ with these requirements. We believe that the audit evidence we have obtained is sufficient
and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees, use of the going concem 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 Charitable Companls
ability to continue as a going Goncem for a period of at least twelve months from when the financial
statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described
in the relevant sections of this report.
Page 14 of 30

MASONIC SAMARITAN FUND
REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBER OF THE
MASONIC SAMARITAN FUND
Other information
The other information comprises the information included in the annual report, other than the financial
statements and our auditor's report thereon. The Trustees are responsible for the other infonmation.
Our opinion on the financial statements does not cover the other infomation and, excapt to the extent
otherwise explicitly stated in our report, we do not express any fomi of assurance conclusion thereon.
Our responsibility is to read the other information 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 to be materially misstated. If we identify such malerial inconsistencies or apparent
material misstatements, we are required to determine whether there is a material misslatement in the
financial statements themselves. If, based on the work we have performed, we conclude that there is a
material misstatement of this other information, we are required to report that fact. We have nothing to
report in this regard.
Opinion on other matters prescribed by the Companle8 Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the Trustees, report, which includes the directors, report and the strategic
report prepared for the purposes of company law, for the financial year for which the financial
statements are prepared is consistent with the financial statements; and
the strategic report and the directors, report included within the Trustees, report has been prepared
in accordance with applicable legal requirements.
Matters on which we are required to report by excoption
In the light of the knowledge and understsnding of the group and the parent charity and its environment
obtained in the course of the audit, we have not identified material misstatements in the strategic report or
the directors, report included within the trustees, report.
We have nothing to report in ￿spect of the following matters where the Companies Act 2006 requires us
to report to you if, in our opinion:
the Parent Charity has not kept adequate and sufficient accounting records, or retums adequate for
our audit have not been received from branches not visited by us. or
the Pa￿nt Charitls financial statements are not in agreement with the accounting records and
returns; or
certain disclosures of trustees, remuneration specified by law are not made" or
we have not received all the information and explanations we require for our audit.
Page 15 of30

MASONIC SAMARITAN FUND
REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBER OF THE
MASONIC SAMARITAN FUND
Responsibilities of Trustees
As explained more fully in the Trustees, Responsibilitl8s Statement set out on page 13, the Trustees (who
are also the directors of the charitable company for the purposes of company law) are responsible for the
preparation of the financial statements and for being satisfied that they 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 misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the Group's and Parent
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 Trustees either intend to liquidate the group
or parent charily or to cease operations, or have no realistic alternative but to do so.
Auditor's responslbllities for the audlt of the flnancial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstatement, whetherdue to fraud or error, and to issue an auditor's reportthat includes
our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit
conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate,
they could reasonably be expected to influence the economic decisions of users taken on the basis of
these finanGial statements.
IrrAniJlAritip.q inr.Iiidin(J fraijd arp. in8tAne.p.s nf nnn-CnmDIian￿ with and reaulations. We desian
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of
irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities,
including fraud is detailed below:
The Parent Charity is required to comply with both company law and charity law and, based on our
knowledge of its activities, we identified that the legal requirement to accurately account for any
restricted funds was of key significance.
We gained an understanding of how the Parent Charity complied with its legal and regulatory
framework, including the requirement to properly account for any restricted funds, through
discussions with management and a review of the documented policies, procedures and controls.
The audit team, which is experienced in the audit of charities, considered the Parent Charity's
susceptibility to material misstatement and how fraud may occur. Our considerations included the
risk of management override.
Our approach was to check that all restricted income was properly identified and separately
accounted for and to ensure that only valid and appropriate expenditure was charged to restricted
funds. This included reviewing journal adjustments and unusual transactions.
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
auditorsres
onsibilities. This description fonns part
of our auditorfs report.
Page 16 of 30

MASONIC SAMARITAN FUND
REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBER OF THE
MASONIC SAMARITAN FUND
Use of the audit report
This report is made solely to the Parent Charity's member in accordance with Chapter 3 of Part 16 of the
Companies Act 2006. Our audit work has been undertaken, so that we might state to the charitable
companls member those matters we are required to state to them in an auditorfs 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 charitable company and the charitable company's member for our audit work, for this report or for
the opinions we have formed.
r:
Stephen Anderson FCCA
Senior Statutory Auditor
for and on behalf of Knox Cropper LLP
Statutory Auditor
65 Leadenhall Street
London EC3A 2AD
? kh iÉrknmi6r 2 u211
Page 17 of30

MASONIC SAMARITAN FUND
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2024
(Including a Consolidated Income and Expenditur8 Account)
Note
2024
£'ooo
2023
£'ooo
INCOME
Donations and legacies
Investment income
522
611
669
469
Total income
1,133
1,138
EXPENDITURE
Cost of generating funds
Investment management costs
(24)
(15)
(18)
(118)
39
136
Charitable activitles
Masonic grants
Non-masonic grants
{13,063)
(30)
(10,814)
(288)
13,093
Total expenditure
Net gainsl(losses) on investments
NET MOVEMENT IN FUNDS
13,132
11,238
47
(147)
10,247
11,952
Total funds brought forward
16,491
26,738
Total funds carried forward
4,539
16,491
All income and expenditure derive from continuing activities and all gainsllosses are included in the
statement of financial activities.
The notes on pages 21 to 30 form part of these financial statements.
Page 18of30

MASONIC SAMARITAN FUND
BALANCE SHEET as at 31 March 2024
Company Number 6876310
Note
March 2024
March 2023
Group Company
£'ooo
£'ooo
Group Company
£'ooo
£'ooo
CURRENT ASSETS
Debtors
Investments
Cash at bank and in hand
310
7,312
145
302
7,312
141
204
18,047
635
203
18,047
634
7,767
7,755
18,886
18,884
CURRENT LIABILITIES
Creditors falling due within one year
NET CURRENT ASSETS
10
(3,083) (3.083) (1,966) {1,966)
4.684
4,672
16,920
16,918
Creditors falling due after one year
10
(145)
(145)
(429)
(429)
Total net assets
4,539
4,527
16,491
CHARITABLE FUNDS
Unrestricted fund8
General reserves
4,539
4,527
16,491
16,489
Total charitable funds
4,527
16,491
16,489
The financial statements were approved and authorised for issue by the Trustee Board on 12th
September 2024 and signed on their behalf by:
((';
mes
ong, TD
Clive Emerson.
Chairman
Treasurer
The notes on pages 21 to 30 form part of these financial statements
Page 19 of30

MASONIC SAMARITAN FUND
CONSOLIDATED STATEMENT OF
CASH FLOWS
YEAR ENDED 31 MARCH 2024
2024
£'ooo
2023
£'ooo
Operating Activities
Net cash provided byl(used in) Operatlng
Activities
12,476
11,983
Cash flows from investing activities
Dividends, interest and renls from investments
Proceeds from the sale of investments
611
11,375
469
8,720
Net cash provided byl{usod In) Investing
Activlties
11,986
9,189
Change in cash and cash equlvalents in the
reporting period
Cash and cash equivalents at the beginning of the
reporting period
Cash and cash equivalents at the end of the
reporting period
(490)
(2,794)
635
3,429
145
635
Notes on the cash flow statement
Reconciliation of net incomel(8xpenditure) to nat
cash flow from operating activities
Net movement in funds as per the Statement of
Financial Activities
(11,952)
(10,247)
Adjustments for:
Dividends, interest and rents from investments
Other movements in investments
(Increase) in debtors
Increasel(decrease) in creditors
Net cash provided byl(used in) Operating
Activiti88
(611)
{640)
(106)
833
(469)
(300)
(87)
(880)
12,476
11,983
Analysis of cash and cash equivalents
Cash at bank and in hand
145
635
Total cash and cash equivalents
145
635
Page 20 of 30

MASONIC SAMARITAN FUND
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES
(a) SLqtement of complianco
The financial statements of the Masonic Samaritan Fund (the "CharitK) have been prepared in
accordance with applicable UK accounting standards, including Financial Reporting Standard 102
°The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland"
('FRS 102°). Additionally, they comply with the Companies Act 2006, the Charities (Accounts and
Reports) Regulations 2008 and the Statement of Recommended Practice'Accounting and Reporting
by Charities. (FRS 102 second edition) published in 2019 (the 'SORP") in all material respects. The
Charity meets the definition of a public benefit entity under FRS 102.
(b) Basls of preparation
The financial statements have been prepared on a going concern basis under the historical cost
convention. as modified by the revaluation of investments, on a basis Gonsistent with previous years.
The functional currency of the Charity is considered to be Pounds Sterling because that is the
currency of the primary economic environment in which the Charity operates.
These financial statements consolidate the results of the Charity and the Royal Masonic Hospital
Charity ("RMHC") over which it has significant control. The results have been consolidated on a line
by line basis. A separate Statement of Financial Activities for the Charity itself is not presented
because the Charity has taken advantage of the exemptions afforded by Section 408 of the
Companies Act 2006.
(c) Going concern
The Trustees have assessed whether the use of the going concern assumption is appropriate in
preparing these financial statements. The Trustees have made this assessment in respect to a
period of one year from the date of approval of these financial statements.
The Trustees of the Charity have concluded that there are no material uncertainties related to events
or conditions that may cast significant doubt on the ability of the Charity to continue as a going
concern. The Trustees a￿ of the opinion that the Charity will have sufficient resources to meet its
liabilities as they fall due.
Page 21 of 30

MASONIC SAMARITAN FUND
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
(d) Incoming resources
Revenue is recognised when the significant risks and rewards of ownership have been transferred,
the amount of revenue Gan be measured reliably, it is probable that future economic benefits will flow
to the Charity and when the specific criteria relating to each of the Charity's revenue channels hav8
been met, as described below:
Monetary donations are brought into account when received.
Legacies are recognised where thare has been a grant of probate, the executors have
identified that there are sufficient assets in the estste after settlement of liabilities to pay the
legacy and any conditions attached to the legacy are either in control of the Charity or have
been met. Legacies subject to the interest of a life tenant are not recognised during the lifetime
of the life tenant.
Dividends are reinvested in the CAIF on the date that they are declared.
(e) Resources oxpended
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the Charity to that expenditure, it is probable that settlement will be required and the
amount of any obligation can be measured reliably. All resources expended are recognised on an
accruals basis, with the exception of qrants as noted below.
Expenditure on generating funds includes costs of fundraising and maintenance of festival and donor
records, together with the management of the investment portfolios. These costs include the
allocation of support costs relating to these activities.
Charitable activities are split between masonic activities and grants awarded to extemal institutions
(designated as "non-masonic. within the SOFA).
Masonic activities include the payment of grants directly to beneficiaries together with related welfare
and support costs. Non-masonic activities consist of the payment of grants to external institutions.
Support costs are allocated to these activities on the bases laid out in note 6.
Grants are recognised as expenditure in the year in which the grant is formally approved by the
Charity and has been communicated in writing to the recipient, except to the extent that it is subject
to conditions that enable the Charity to revoke the award.
The provision for multi-year grants is recognised at its present value when settlement is due over
more than one year from the date of the award, there are no unfulfilled performance conditions under
the control of the Charity that would permit it to avoid making future payments, settlement is probable
and the effect of discounting is material. The discount rate used is the long-tenm return of inflation
plus 4 percent used as the target for the Charity's investment portfolio.
Page 22 of 30

MASONIC SAMARITAN FUND
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
(f) Employoe benefits
All staff are employed by the parent charity, The Masonic Charitable Foundation, and recharged to
the Charity based upon the relative number of grants processed. Information relating to those
employees is given in the accounts of the Masonic Charitable Foundation.
(g) Fund accounting
Unrestricted funds may be utilised for any purpose in accordance with the charitable objectives of
the Charity.
(h) Investments
Investments are recognised initially at fair value which is nonnally the transaction price excluding
transaction costs. Subsequently, they are stated at market value. All realised and unrealised gains
and losses are recognised within the Statement of Financial Activities. Investments which the Charity
holds for resale or pending their sale and cash or cash equivalents with a maturity date of less than
one year, which are held for investment purposes, are disclosed as current asset investments.
(i) Flnanclal assets and liabilities
The Charity has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.
Financial assets and liabilities are recognised when the Charity becomes a party to the contractual
provisions of the instrument.
Financial assets and liabilities which qualify as basic financial instruments are initially recognised at
the settlement amount after any trade discounts. They are subsequently valued at amortised cost
and assessed for impaiment at the end of each reporting period. Where settlement is not expected
within 12 months of the balance sheet date, then the asset or liability is discounted using the long
term return of inflation plus 4 percent used as the target for the Charity's investment portfolio. Basic
financial instruments include debtors, cash and creditors within the balance sheet.
(k) Foreign currencies
Transactions denominated in foreign currencies are translated into Pounds Sterling at the exchange
rates ruling at the date of transaction. Monetary assets and liabilities denominated in foreign
currencies are translated into Pounds Sterling at the rate ruling at the balance sheet date. All foreign
exchange gains and losses, realised and unrealised, are r8cognised in the Statement of Financial
Activitl8S.
Page 23 of 30

MASONIC SAMARITAN FUND
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
{1) Taxation
The Charity is exempt from taxation on its income and gains falling within Part 11 of the Corporation
Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that they
are applied to its charitable activities. The Charity is unable to recover Value Added Tax (VAT)
incurred on expenditure. The amount of VAT that cannot be recovered is included within the
underlying cost to which it relates.
Page 24 of 30

MASONIC SAMARITAN FUND
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
DONATIONS AND LEGACIES
2024
£'ooo
2023
£'ooo
Festivals
other donations
Legacies
50
471
52
617
522
669
INVESTMENT INCOME
2024
£'ooo
2023
£'ooo
Interest on bank deposits
Income from investment portfolios
605
468
611
469
INVESTMENT MANAGEMENT COSTS
2024
£'ooo
2023
£'ooo
Investment fund management
Support costs
15
88
30
15
118
5. CHARITABLE ACTIVITIES
2024
£'ooo
2023
£'ooo
Masonic
Care and welfare support
Sickness and illness
Support Costs
6,923
4,252
1,888
6,670
2,575
1,569
13,063
10.814
Non-masonlc
Medical & Social Research Programme
Support Costs
30
283
30
288
Masonic support of £11.175k Gonsisted of 1,577 grants with a value of £4,252k, net of write back of
prior year commitments, made to individual beneficiaries and a grant made to the RMBICC to support
publically-funded Freemasons in care homes {£6,923k}.
Page 25 of 30

MASONIC SAMARITAN FUND
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
Non-
Cost of
Investment Masonic Masonic Total
Generating Management
2024
Funds
£'ooo
SUPPORT COSTS
Basis
for
Allocation
£'ooo
£'ooo
£'ooo £'ooo
Relief Chest - Fundraising
Fundraising
Legacies
Masonic Support- Grants
Masonic Support- Advice & Support
Masonic Support - Provincial & Volunteers
Relief Chest - Charitable
Charity Grants
Impact & Risk
Executive
Finance
Digital & Technology
Human Resources
Communications
Govemance
Property Management
Administration and Support
Facilities & Admin - Ruspini House
Other
(a)
(a)
(a)
(a)
(a)
(a)
(a)
(a)
{b)
(c)
(c>
(b)
(b)
(b)
(b)
(b)
(b)
(b)
24
24
314
338
81
314
338
81
57
173
165
156
56
189
63
128
111
57
173
185
156
56
189
63
126
111
{5)
(5)
24
1,888
0 1,912
Basis for allocation
Directly attributed
Number of grants processed
Headcount and number of grants processed
Auditor's remuneration of £6k (2023: £13k) is included in support costs to charitable activities.
Page 26 of 30

MASONIC SAMARITAN FUND
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
Non-
Cost of
Investment Masonic Masonic Total
Generating Management
2023
Funds
£'ooo
SUPPORT COSTS: 2023
Basis
for
Allocation
£'ooo
£'ooo
£'ooo £'ooo
Relief Chest - Fundraising
Fundraising
Legacies
Masonic Support - Grants
Masonic Support- Advice & Support
Masonic Support - Provincial & Volunteers
Relief Chest - Charitable
Community Support & Research
strategic & Impact
Executive
Flnance
Digital & Technology
Human Resources
Communications
Governance
Facilities & Administration
Administration and Support
Facilities & Admin - Ruspini House
Other
(a)
{a)
(a)
(a)
(a)
(a)
(a)
(a)
(b)
{c)
{c)
(b)
(b)
(b)
(b)
(b)
(b)
{b)
18
18
259
270
89
48
259
270
89
48
35
140
129
131
65
182
53
157
91
35
140
159
131
65
182
53
157
91
(80)
(78)
18
30
5 1.622
Basis for allocation
(a)
(b)
(c)
Directly attributed
Number of grants prO￿SSed
Headcount and number of grants processed
7. STAFF COSTS
The Charity employed no staff during the year (2023: Non8). Stsff recharges from the MCF to the
Charity are included within the management charge analysed in note 6 above.
No Trustees received remuneration from the Charity during the year (2023: £Nil). No Trustees,
expenses were incurred during the year (2023: £Nil).
Page 27 of 30

MASONIC SAMARITAN FUND
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
INVESTMENTS
March 2024
Group Company
£'ooo
£'ooo
March 2023
Group
Company
£'ooo
£'ooo
CUr￿nt Asset Investments
Managed funds
RLAM Cash Reserve funds
7,312
7,312
18,047
18,047
7.312
7,312
18,047
18,047
MOVEMENTS IN INVESTMENTS
Balance at 1 April 2023
Disposals
Investment income reinvested
Management fees charged to the
fund
Gainsl(losses)
Balance at 31 March 2024
18,047
18,047
(11,375) (11,375)
605
605
26,467
(8,720)
468
26,467
(8,720)
468
(12)
47
{12)
47
(21)
(147)
18,047
(21)
(147)
7,312
7,312
18,047
RECONCILIATION TO SOFA
Gainsl(losses) on listed investments
47
47
(147)
(147)
147
47
47
147
DEBTORS
March 2024
Group Company
£'ooo
£'ooo
March 2023
Group
Company
£'ooo
£'ooo
Amounts Owed by group undertakings
Prepayments and accrued inGome
other debtors
85
82
225
220
200
201
310
302
204
203
Page 28 of 30

MASONIC SAMARITAN FUND
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
10. CREDITORS
March 2024
Group
Company
£'ooo
£'ooo
March 2023
Group
Company
£'ooo
£'ooo
Falling due within one yoar
Grants payable
Amounts owed to group undertakings
Accruals and deferred income
2,117
965
2,117
965
1,395
564
1,395
564
3,083
1,966
1,966
Falllng due after more than one
year
Grants payable
145
145
429
429
145
145
429
429
11. RELATED PARTY TRANSACTIONS
The Charity controls the Royal Masonic Hospital Charity (RMHC) through common trustees. During
the period grants totalling £40,000 (2023: £108,000) were made by RMHC to the Charity. The
majority of this related to the transfer of legacies received by the RHMC. £745 was owed by the
Charity to the RMHC at the balance sheet date (2023: £745).
The MCF has paid out grants on behalf of the Charity during the year, and has been reimbursed by
the Charity. Additionally, the MCF has borne all the administrative costs of supporting the Charity as
well as its fellow subsidiary charities. The Charity has been recharged a proportion of these cost8
based upon the relative number of grants processed.
Page 29 of 30

MASONIC SAMARITAN FUND
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
12. INVESTMENT IN SUBSIDIARY
The RMHC (Registered Charity No. 205793) has its principal place of business at 60 Great Queen
Street, London, WC2B 5AZ. The summary of its results for the year and its net assets as at 31st
March 2024 is shown as foll0v￿.
INVESTMENT IN RMHC
2024
£'ooo
2023
£'ooo
Gross income
Donation to parent charity
Net movement in funds
Total funds brought forward
Total funds carried forward
49
40
109
108
12
Represented by net assets as follows:
Cash at bank and in hand
Amounts owed by group undertakings
Other debtors
12
13. LEGAL STATUS
The Charity is a company limited by guarantee and has no share capital. The liability of the member
in winding up is limited to £1.
14. ULTIMATE CONTROL•LING PARTY
The ultimate controlling party is the Masonic Charitable Foundation (Registered Charity No.
1164703, Company Number 09751836), which is the sole member of the company. Consolidated
accounts for the MCF, which include the accounts of the Charity, can be obtained from the registered
office of the Charity.
Page 30 of 30