P a g e | 1
PROVINCIAL GRAND LODGE OF SURREY
Surrey Provincial Charity Fund - Registered Charity No 1136154
| INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 | INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 | INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 | MARCH 2022 | |
|---|---|---|---|---|
| 2022 | 2021 | |||
| INCOME | £ | £ | £ | £ |
| Annual Contributions from Lodges | 15,097 | 17,049 | ||
| PCC - COIF Investment income | 6,839 | 9,265 | ||
| PCC - Contributions (see note 1 below) | 15,897 | 11,455 | ||
| Other Contributions (see note 2 below) | 6,851 | 1,006 | ||
| TLC Appeal Surrey (see note 3 below) | 37,655 | - | ||
| Interest receivable | 5 | 68 | ||
| 82,343 | 38,843 | |||
| EXPENDITURE | ||||
| Grants to Petitioners | 2,068 | 6,686 | ||
| TLC Appeal Surrey (see note 3 below) | 11,067 | - | ||
| Donations (see note 4 below) | 47,359 | 24,500 | ||
| Sundry expenses | 302 | 337 | ||
| Professional Fees | 1,700 | 1,680 | ||
| (62,496) | (33,203) | |||
| Operating surplus / (decifit) for the year | 19,847 | 5,640 | ||
| Net gains / (losses) on investments | 12,586 | 18,618 | ||
| Surplus for the year | £32,433 | £24,258 | ||
| BALANCE SHEET AS AT 31 MARCH | BALANCE SHEET AS AT 31 MARCH | BALANCE SHEET AS AT 31 MARCH | 2022 | |||||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| £ | £ | £ | £ | |||||
| Provincial Petitions Committee- operational fund | ||||||||
| Balance of fund at beginning of the year | 58,380 | 57,445 | ||||||
| (Deficit) / surplus for the year | (6,448) | 935 | ||||||
| 51,932 | 58,380 | |||||||
| Provincial Charity Committee- operational | fund | |||||||
| Balance at beginning of the year | 71,288 | 47,965 | ||||||
| Surplus for the year | 12,294 | 23,323 | ||||||
| 83,582 | 71,288 | |||||||
| TLC Appeal Surrey- operational fund (restricted) | ||||||||
| Balance at beginning of the year | - | - | ||||||
| Surplus for the year | 26,588 | - | ||||||
| 26,588 | - | |||||||
| 2030 Festival Reserve | 10,026 | 10,026 | ||||||
| Funding & Engagement Committee Reserve | 2,258 | 2,258 | ||||||
| Long Term Funds Available for Distribution | 207,021 | 207,021 | ||||||
| Total Funds (See note 7 below) | £ | 381,407 |
£ | 348,973 |
||||
| Represented by: | ||||||||
| FIXED ASSETS | ||||||||
| Investments (see note 5 below) | 269,656 | 257,070 | ||||||
| CURRENT ASSETS | ||||||||
| Bank Current Accounts | 53,712 | 18,613 | ||||||
| Bank Deposit Accounts | 47,982 | 53,086 | ||||||
| Sundry Debtors | 47,311 | 42,715 | ||||||
| 149,005 | 114,414 | |||||||
| LESS: CURRENT LIABILITIES | ||||||||
| Sundry Creditors (see note 6 below) | ( | 1,710) | ( | 1,690) | ||||
| Short Term Funds Available for Distribution | (35,544) | (20,821) | ||||||
| ( 37,254) | ( 22,511) | |||||||
| Net Assets | £ | 381,407 |
£ | 348,973 |
P a g e | 2
Note 1 Donations received by the PCC for distribution. Note 2 Includes Gift Aid Claims, Alms Collections and Sundry Income. Note 3 TLC Surrey was amalgamated with the Surrey Provincial Charity Fund in October 2021 following which, residual funds totalling £11,719 were received. These funds, together with donations from Lodges, Chapters and other donors, are held in a restricted fund and used to purchase Teddy Bears for children in hospital.
| purchase Teddy Bears for children in hospital. | |||
|---|---|---|---|
| Note 4 | Donations made during the year included: | ||
| Shannon Court Provincial Grand Mark Lodge of Surrey 2022 Festival |
10,790 Sub-total brought forward 7,500 Princess Alice Hospice |
36,359 2,000 |
|
| Masonic Charitable Foundation The Wildlife Aid Foundation Lifelites Jigsaw4u Ltd Oakleaf Enterprise Sutton Carers Centre Charity Company Sub-total carried forward |
5,000 Legacy Youth Zone 3,569 Phab 2,500 East Surrey Dial-a-Ride 2,500 Skillway 2,500 TLC Appeal (Surrey) 2,000 36,359 £ |
2,000 2,000 2,000 2,000 1,000 |
|
| 47,359 £ |
|||
Note 5 Investments are recorded at cost (£222,000) and at fair value (i.e. market value) at the reporting date. This treatment is in accordance with paragraph 11.14(d) of FRS 102. Investment gains and losses , whether realised or unrealised, are combined and reported in the Income and Expenditure Account under the heading 'Net gains / (losses) on investments'.
At 31 March 2022, the market value of investments was £269,656 (2021: £257,070) and were invested in the CCLA COIF Property Income Fund, Global Equities Income Fund, Fixed Interest Income Fund and Charities Investment (Accumulation) Fund.
Note 6 Sundry Creditors were made up of charitable payments still to be made at the balance sheet date and other small items. Note 7 Reserves Policy - The Trustees consider it is prudent for total reserves to be maintained at the current level so that the fund is able to respond to the further needs of current petitioners and those of other Masonic and non-Masonic Charities.
Note 8 Conduit donations - These were £44,175 benefitting 43 organisations (2021: £60,982 benefitting 42 organisations). This is where the Fund acts as agent for Masonic units, accepting donations with instructions to pass these on to other charities or good causes or to accumulate funds to support a specific appeal (SORP 19.1 refers).
Independent Examlners, Report to the Trustees of the Provlncial Gland Lodge of Surrey Surrey Provlncial Charity Fund Accounts We report on the accounts of the Charity for the year ended 31 March 2022 which are set out on the preceding pages. Respectlve responslbllitles of trustees and examlners The charit¢s trustees are sponsIble for the preparatlon of the accounts. The charlty's trustee5 consider that an audit is not required for this year (under section 144121 of the Charities Act 2011 Ithe 2011 Act) and that an independent examination is needed. It Is our responsibility to: examine the accounts lunder section 145 of the 2011 Act); to follow the procedures laid down in the General Directions given by the Charity Commi55ioner5 Itjnder Section 14515llbl of the 2011 Act),. and to state whether particular matters have Come to our attention. Basis of Independent Examlners, Report Our examination was carried out in accordance with the general Directions issued by the Charity Commissioners. An examinatlon includes a revlew of the accounting record5 kept by the Charity and a comparison of the accounts presented with those records. It also include5 consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that woul(1 be required in an audit, and consequently we do not express an audit oplnion on the view given by the actounts. Independent Examlners, Statement In connection with our examinatlon, no matter has come to our attentlon: 111 which gives us reasonable Cause to believe that in any material respect the requirements.. to keep accounting records in accordance with section 130 of the 2011 Act,. and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met: or {21 to which in our opinlon, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 26th May 2022 Rebecca Whlte Partner Riches & Company Chartered Accountants