1 | P a g e
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024
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|---|---|---|---|---|---|---|---|
|2024|2023|
|INCOME|Note|LT|£|£|LT|£|£|
|Annual Contributions from Lodges|15,605|15,542|
|PCC - COIF Investment income|4,669|4,796|
|PCC - Contributions|1|14,405|9,248|
|Other Contributions|2|16,884|21,173|
|TLC Appeal Surrey|3|69,489|56,670|
|Interest receivable|600|100|
|121,652|107,529|
|EXPENDITURE|
|Grants to Petitioners|12,763|2,564|
|Charity pantomime|-|3,510|
|TLC Appeal Surrey|3|36,573|40,112|
|Donations|4|31,441|50,503|
|Sundry expenses|176|549|
|Professional Fees|1,930|1,700|
|(82,883)|(98,938)|
|Operating surplus / (decifit) for the year|38,769|8,591|
|Net (losses) / gains on investments|27,173|(11,884)|
|(Deficit) / surplus for the year|65,942|(3,293)|
|BALANCE SHEET AS AT 31 MARCH 2024|
|2024|2023|
|Lo|ET|
|Note|£|£|£|£|
|Provincial Petitions Committee - operational fund|
|Balance of fund at beginning of the year|58,648|51,932|
|(Deficit) / surplus for the year|(3,363)|6,716|
|55,285|58,648|
|-|
|Provincial Charity Committee|operational fund|
|Balance at beginning of the year|59,273|83,582|
|Transfer from Funding & Engagement Committee|-|2,258|
|Surplus for the year|36,389|(26,567)|
|95,662|59,273|
|-|
|TLC Appeal Surrey|operational fund (restricted)|
|Balance at beginning of the year|43,146|26,588|
|Surplus for the year|32,916|16,558|
|76,062|43,146|
|2030 Festival Reserve|10,026|10,026|
|Funding & Engagement Committee Reserve|
|Balance at beginning of the year|-|2,258|
|Transfer to PPC operational fund|-|(2,258)|
|-|-|
|Long Term Funds Available for Distribution|207,021|207,021|
|Total Funds|5|444,056|378,114|
|Represented by:|
|FIXED ASSETS|
|Investments|6|284,946|257,773|
|CURRENT ASSETS|
|Bank Current Accounts|50,794|47,453|
|Bank Deposit Accounts|46,046|60,703|
|Sundry Debtors|92,249|45,004|
|189,089|153,160|
|LESS: CURRENT LIABILITIES|
|Sundry Creditors|(4,971)|(1,730)|
|Short Term Funds for Distribution|7|(25,008)|(31,089)|
|(29,979)|(32,819)|
|Net Assets|444,056|378,114|
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2 | P a g e
NOTES TO THE ACCOUNTS
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1 Donations received by the PCC for distribution.
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2 Includes Gift Aid Claims, Alms Collections and Sundry Income.
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3 TLC Surrey was amalgamated with the Surrey Provincial Charity Fund in October 2021. Donations from Lodges, Chapters and other donors, are held in a restricted fund and used to purchase Teddy Bears for children in hospital.
4 Donations made during the year included:
| The Graham Fulford Charitable Trust The Orpheus Centre Trust The Wildlife Aid Foundation (Balance of £50,000 Appeal) The Mary Frances Trust Oakleaf Enterprise The Daniel Spargo-Mabbs Foundation Crimestoppers Trust The Fircroft Trust Sub-total carried forward |
Sub-total brought forward 3,870 Kent, Surrey and Sussex Air Ambulance Trust 3,567 Charity Stewards Gala Dinner 2023 - TLC 3,533 Yorda Adventures 3,267 Swishes 3,000 Age Concern 3,000 The Masonic `` 2,650 The Big Handshake - SPCF (to round-up donati 2,000 24,887 |
24,887 2,000 1,500 1,000 1,000 500 500 54 31,441 |
24,887 2,000 1,500 1,000 1,000 500 500 54 |
|---|---|---|---|
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5 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.
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6 Investments are recorded at original 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 2024, the market value of investments was £84,986 (2023: £257,773) invested in the CCLA COIF Property Income Fund, Global Equities Income Fund, Fixed Interest Income Fund and Charities Investment (Accumulation) Fund.
7
Short Term Funds for Distribution - these comprise charitable payments still to be made at the balance sheet date and other small items.
- 8[Conduit donations - These were £32,490 benefitting 38 charities and appeals ] [(2023: £46,276) ][benefitting 30 charities and appeals). This is ] where the Fund acts as agent for lodges and chapters, 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).
P a g e | 3
Independent Examiners’ Report to the Trustees of the Provincial Grand Lodge of Surrey
Surrey Provincial Charity Fund Accounts
We report on the accounts of the Charity for the year ended 31 March 2024 which are set out on the preceding pages.
Respective responsibilities of trustees and examiners
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is our responsibility to:
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examine the accounts (under section 145 of the 2011 Act);
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to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act); and
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to state whether particular matters have come to our attention.
Basis of Independent Examiners’ Report
Our examination was carried out in accordance with the general Directions issued by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes 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 would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.
Independent Examiners’ Statement
In connection with our examination, no matter has come to our attention:
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(1) which gives us reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met: or
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(2) to which in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
3[rd] July 2024
Rebecca White FCA Partner Riches & Company Chartered Accountants