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2022-05-31-accounts

THE REDDITCH MASONIC CHARITY (A company limited by guarantee) TRUSTEES’ AND DIRECTORS’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022

Company No: 07492091 Charity No: 1140138

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THE REDDITCH MASONIC CHARITY (A company limited by guarantee)

CONTENTS

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Page
Trustees’ and Directors’ Report 1-7
Independent Examiner’s Report 8
Statement of Financial Activities 9
Balance Sheet 10 -11
Notes forming part of the Financial Statements 12 -18
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SSEE THE REDDITCH MASONIC CHARITY (A company limited by guarantee)

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TRUSTEES’ AND DIRECTORS’ REPORT For the year ended 31 May 2022

The trustees who are also directors of the Charity for the purposes of the Companies Act 2006 present their report with the financial statements of the Charity for the year ended 31 May 2022.The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 ) (effective 1 January 2019).

Reference and Administrative information

Charity name The Redditch Masonic Charity Charity Registration Number 1140138 Company number 07492091 (Incorporated in England and Wales) Registered office 21 Easemore Road Redditch Worcestershire B98 BER Trustees S J Sutor - Chair B J Hair A W Walker S Beckett K Childress S Walker R Bennett G Cardy P Buck Independent Examiners The Richards Sandy Partnership Thorneloe House 25 Barbourne Road Worcester WR1 1RU Bankers HSBC plc 275 Stratford Road Shirley Solihull B90 3AP

Secretary

B J Hair

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STOTTeeeee eee THE REDDITCH MASONIC CHARITY (A company limited by guarantee)

ee TRUSTEES’ AND DIRECTORS’ REPORT For the year ended 31 May 2022

Structure, Governance and Management

Governing Document

The charitable company is limited by guarantee with no share capital. It is governed by its Memorandum and Articles of Association.

The charitable company was incorporated on 13 January 2011 and was registered as a Charity on 1 February 2011.

Recruitment and Appointment of Directors

The Redditch Masonic Charity has a Board of Directors consisting of 4 Nominative Directors appointed by the subscribing members of Seymour Lodge No 2841, Ipsley Lodge No. 6491, Bordesley Abbey Lodge No. 4495, and Forge Mill Lodge No. 9658 together with not more than 7 other directors. The Board meets quarterly and is responsible for the strategic direction and policy of the Charity. At present the Board has 11 members from a variety of professional backgrounds relevant to the work of the Charity.

The Directors of the charitable company who served during the period and up to the date of this report are set out below:

S J Sutor - Chair B J Hair - Secretary A W Walker - Treasurer D W Stubbings (Resigned 30 November 2021) K Childress S Walker R Bennett | Moady (Resigned 24 April 2022) P Buck S Beckett G Cardy

Clause 55 of the Articles of Association provide the directors with third party indemnity provisions.

Trustee induction and training

New Board members receive an induction into the work and finances of the Charity and a welcome from the Chair on appointment.

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_—————eee THE REDDITCH MASONIC CHARITY (A company limited by guarantee)

N e e ee ee ee TRUSTEES’ AND DIRECTORS’ REPORT For the year ended 31 May 2022

Risk management

The financial assets of the charitable company are invested in bank current and deposit accounts. The Board is of the view that the current investment profile has a minimal risk for the charitable company. The Directors consider other risks associated with the charitable company and ensure that there is an adequate control environment to mitigate them through the practice of fire and health and safety risk assessment and monitoring. Financial protocols have been established and insurance policies are held to protect the Charity’s assets and users of the Charity's facilities.

Organisational Structure

The day-to-day management of activities is supervised by various members of the Board. In addition, the charitable company is supported in its work by volunteers who are members of the various masonic orders which meet at the Masonic Hall.

Objectives and Activities

The Charity’s purposes as set out in the objects contained in the company’s memorandum of association are:

(1) For the public benefit to preserve and maintain the structure and fabric of the Masonic Hall, 21 Easemore Road, Redditch, Worcestershire.

(2) To advance the education of the public in the principles of Freemasonry in particular, but not exclusively, by the establishment of a Masonic Heritage Centre.

(3) To make grants and donations to individuals, organisations, and other charities for the public benefit to relieve poverty, sickness, financial hardship, and social exclusion.

Public benefit

The Board has referred to the advice contained in the Charity Commission's general guidance on public benefit when reviewing the charitable company’s aims and objectives and in planning its future activities. In particular the Board considers how planned activities will contribute to the aims and objectives it has set.

Achievements and Performance

(1) For the public benefit to preserve and maintain the structure and fabric of the Masonic Half, 21 Easemore Road, Redditch, Worcestershire

The Masonic Hall, 21 Easemore Road, Redditch, was constructed in 1908 by John Johnson and was formerly occupied as a Unionist Club. Although the building is quite plain and severe in design it has been little altered and forms a good group with the adjacent Baptist Church and Sunday Schoo! which are contemporary in date and built of similar materials. The building is included in a schedule of buildings of local interest compiled by the Redditch Borough Council.

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THE REDDITCH MASONIC CHARITY (A company limited by guarantee) eeee

TRUSTEES’ AND DIRECTORS’ REPORT For the year ended 31 May 2022

The Covid-19 pandemic has severely impacted on the use of the Masonic Hall during the year to 31 May 2021. Due to Government restrictions and lockdowns it was effectively closed and only one masonic meeting took place compared to 59 the year before. The Hall has also not been used by community groups for meetings and social events which have also been adversely affected by the effects of the Covid-19 pandemic. The car park however continued to be let to members of the public and used at no cost by guests attending weddings at the adjacent Registry Office.

The Board took the opportunity during the lockdown period to carry out further improvements to the Masonic Hall in anticipation of being able to open in July 2021. The kitchens were refurbished, and the public meeting rooms redecorated. All the work was carried out in a style commensurate with the age of the building.

2) To advance the education of the public in the principles of Freemasonry in particular, but not exclusively, by the establishment of a Masonic Heritage Centre.

Facilities

The Heritage Centre now has an enviable collection of masonic artefacts on display, both in the museum room as well in the bar and other public areas. They comprise of masonic jewels, regalia, pottery, glassware, and silverware together with a considerable number of books and records relating to Freemasonry and the history of the Masonic Provinces of Worcestershire and Warwickshire. Many of the artefacts are on permanent loan from the Warwickshire Provincial Library and Museum (WPLM) and the Worcestershire Masonic Museum and we are grateful for their support. These artefacts are of considerable (irreplaceable) value and are of significant interest not only to Freemasons but also to the general public.

Acquisitions

Additions to the collections continued to be made in the year through generous donations from Freemasons and their families for which the Board is most grateful.

Guide

The “Guide to the Heritage Centre and its Artefacts” is updated on a regular basis to reflect additions to the collection and changes to the displays.

Raising awareness of the collections

It is with regret that the museum room has not been open during the year again due to Covid-19 restrictions. Plans are in place to publicise the existence of the collection when the Masonic Hall re-opens in July 2021 and to encourage visitors.

Web Site

Our web site can be found at http:/Awww.redditchmasoniccharity.org.uk/. Details of the Heritage Centre can be found on the web site together with a brief history of Freemasonry in Redditch and news items.

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THE REDDITCH MASONIC CHARITY (A company limited by guarantee)

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TRUSTEES’ AND DIRECTORS’ REPORT For the for the year ended 31 May 2022

3) To make grants and donations to individuals, organisations, and other charities for the public benefit to relieve poverty, sickness, financial hardship, and social exclusion.

A Charitable donations sub-committee has been established which examines applications for grants and donations and makes recommendations to the Board. During the year, the Charity has made grants and donations totalling £5,911 (2021 £1,900). Emphasis has been on supporting organisations and charities local to the area in which we operate, particularly those providing support to individuals in need due to the Covid-19 pandemic. Regretfully because of Covid-19 restrictions on meetings it was not possible to hold our annual grants day when representatives of the Local Charities which received a donation are invited to an afternoon tea to receive cheques.

Future plans

It is our intention during the forthcoming 12 months to build on our achievements to date and to further advertise our existence to the general public by maintenance of our web site, open days, and increased use of our newly refurbished rooms by the public. We will also continue to maintain the building to a high standard and although our refurbishment programme is complete, we will, where considered appropriate further improve facilities for those masonic orders and other community groups which rent the premises from the Charity.

Financial Review

Principal Funding Sources

The principal sources of funds of the charitable company were casual rents, capitation and other fees from the various masonic orders and their members who meet at the Masonic Hail, and donations including from the Redditch Masonic Club. The Charity was also in receipt of various Covid related grants.

investment policy The charitable company's funds are held in current and deposit bank accounts to protect the capital invested. The current account balance is regularly reviewed and transfers to deposit made as appropriate.

Reserves policy

Unrestricted reserves, comprising general and designated reserves, at the year-end totalled £72,258 (2021 £72,427).

Free reserves (that is those unrestricted reserves not represented by fixed assets) totalled £44,416 at the year-end (2021 £51,330).

The Directors have created two designated reserves. A Contingency Fund of £10,000 (2021 £10,000) to cover unforeseen and non-routine maintenance of the building because, although a plan of maintenance is in place the building is old and unforeseen expenditure can arise and it is considered prudent to hoid a reserve to cover such an eventuality. The Directors have also designated a Donations Reserve of £3,021 (2021 £1,636) the purpose of which is to accumulate funds to enabie the Charity to make donations to causes which it wishes to support.

Restricted Reserves (being reserves which are subject to restrictions imposed by the donors) totalled £5,027 (2021 £5,245).

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See THE REDDITCH MASONIC CHARITY (A company limited by guarantee) SNeee

TRUSTEES’ AND DIRECTORS’ REPORT For the for the year ended 31 May 2022

Donations Policy

Grants to other charitable bodies are usually made in response to a formal appeal by the Charity concerned and usually relate to some special fundraising exercise of a restricted fund nature. In such circumstances, the trustees will decide on what support is to be given based on the literature forwarded. In the case of individuals or referrals from civil agencies applications are considered based on written applications either by the individual, a person wishing to support the individual, or the agency.

The level of grants made in the year is determined by the income of the year (in the main donations raised by Freemasons and a smali amount of investment income) and the level of reserves required by the trustees. Each application is considered on its merits. As a general policy the aim is to help as many persons/organisations as possible but larger grants will be considered if it felt appropriate, such as to enable a target to be met or to act as a primer for matched funding. Principal Risks and uncertainties The Charity is concerned that the use of the Hall by community groups and members of the public for social functions etc. will not get back to the levels seen in 2018/19 the last full year when the Hall was open without any restrictions. There still appears to be a reluctance amongst some members of the public to attend indoor events despite being double vaccinated. This applies equally to the various masonic orders that meet at Redditch. The Board has however taken steps to boost the confidence of those attending meetings and social events by issuing detailed protocols concerning Covid-19 safety measures and in particular purchasing Medicair units which purify by removing not only smail dust particles but also viruses and bacteria for the public meeting rooms. With these measures in place the Board is optimistic that the use of the Hall will return to pre Covid-19 levels.

Responsibilities of the Trustees and Directors

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THE REDDITCH MASONIC CHARITY (A company limited by guarantee)

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TRUSTEES’ AND DIRECTORS’ REPORT For the year ended 31 May 2022

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsibie for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The financial statements are prepared in accordance with the special provisions of 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 (FRS 102). SApproved byJ Sutor theBen directors| on “Tt \ \ | @& _and signed on itsAPJPLB J Hair Chair “t Secretary

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THE REDDITCH MASONIC CHARITY (A company limited by guarantee)

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INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF THE REDDITCH MASONIC CHARITY

| report to the Charity trustees on my examination of the accounts of the company for the year ended 31 May 2022 which are set out on pages 9 to 18.

Responsibilities and basis of report

As the Charity trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’).In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

| have no concerns and have come across no other matters in connection with the examination to which attention should b ‘rawn in this report in order to enable a proper understanding of the accounts to be reached.

P. Sandy F.C. Nicholas i{ rok The Richards Sandy Partnership Ltd Thorneloe House 25 Barbourne Road Worcester WR1 1RU

: Dated q | n } 2922

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THE REDDITCH MASONIC CHARITY (A company limited by guarantee)

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|||||||||| |---|---|---|---|---|---|---|---|---| |STATEMENT|OF|FINANCIAL|ACTIVITIES| |(Incorporating|the|income and|expenditure|account)| |For the|operating|year ended|31|May 2022| |Unrestricted|Restricted|2022|2021| |Note|funds|funds|Total|Total| |£|£|£|£| |INCOME|AND|ENDOWMENTS|FROM| |Donations,|legacies,|and|gifts|4|10,396|-|10,396|1,310| |Charitable|activities|5|28,639|-|28,639|28,780| |Other|income|260|-|260|-| |Income from|Investments|6|-|6|6| |Total|incoming|resources|39,301|-|39,301|30,096| |EXPENDITURE|ON| |Charitable|activities|6|39,470|218|39,688|26,652| |Total|expenditure|39,470|218|39,688|26,652| |Net|(loss)|/ profit for the|year|(169)|(218)|(387)|3,444| |Reconciliation|of funds| |Fund|balances|at the|beginning|of the year|72,427|5,245|77,672|74,228| |Fund|balances|at the end|of year|72,258|5,027|77,285|77,672|

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The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing operations.

The notes on pages 12 to 17 form part of these financial statements.

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THE REDDITCH MASONIC CHARITY (A company limited by guarantee)

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|||||||| |---|---|---|---|---|---|---| |BALANCE|SHEET| |Company|Number:07492091| |As|at|31|May 2022| |2022|2021| |Note|£|£|£|£| |Fixed|assets| |Fixtures & fittings|8|14,245|8,885| |Heritage|assets|8|576|576| |Current|assets|14,821|9,461| |Debtors|9|9,938|3,812| |Cash|at bank and|in|hand|55,939|69,176| |Creditors:|amounts|falling|due|within|65,877|72,988| |one year|10|(3,413)|(4,777)| |Net current assets|62,464|68,211| |Total|assets less|liabilities|77,285|77,672| |Reserves| |Unrestricted|funds| |General|11|59,237|60,791| |Designated|11|13,021|11,636| |72,258|72,427| |Restricted funds|12|5,027|5,245| |Total funds|77,285|77,672|

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The directors’ statements required by Section 475 (2) and (3) are shown on the following page 11 which forms part of this Balance Sheet.

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SSSSS eens THE REDDITCH MASONIC CHARITY (A company limited by guarantee)

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Balance Sheet (continued) As at 31 May 2022

In approving these financial statements as trustees of the company we hereby confirm:

a) that for the year ended 31 May 2022 the company was entitled to the exemption conferred in Section 477 of the Companies Act 2006:

b) that no notice has been deposited at the registered office of the company pursuant to Section 476 requesting that an audit be conducted for the year ended 31 May 2022 and

c) the trustees acknowledge their responsibilities for:

1) ensuring that the company keeps accounting records which comply with Section 386 and 387, and

2) preparing financial statements which give a true and fair view of the state of the affairs of the company as at the end of the financial period and of its profit or loss for the period ended in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the provisions of the Companies Act relating to financial statements, so far as applicable to the company.

The financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and in accordance with FRS 102 and the Charities SORP (FRS 102) (2019). The financial statements were approved by the Board on and signed on its behalf by:

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S J Sutor
Chair
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AW Walker Director

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7-11.22
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1 Statutory Information

2

THE REDDITCH MASONIC CHARITY (A company limited by guarantee)

SS eee NOTES TO THE FINANCIAL STATEMENTS for the operating year ended 31 May 2022

The company is registered in England & Wales and is limited by guarantee and does not have a share capital. Charity Commission Registration Number is 1140138

Every member of the company undertakes to contribute to the assets of the company in the event of its being wound up while he is a member, or within one year after he ceases to be a member, for payment of the debts and liabilities of the company contracted before he ceases to be a member, and the costs, charges, and expenses of winding up, and for the adjustment of the rights of the contributories among themselves such amount as may be required, not exceeding £1.

Accounting policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the financial statements.

Basis of preparation

The financial statements of the charitable company, which is a public benefit entity under FRS 102 have been prepared in accordance with the Charities SORP (FRS102) (2019) Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)(effective 1 January 2019),Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

These financial statements have been prepared under the historical cost convention.

The accounts are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

Under the Charities SORP (FRS 102) (2019), there is no requirement for the charitable company to prepare a cash flow statement on the grounds that it is not a large Charity.

Restricted funds

Restricted funds represent grants and donations which are subject to restrictions on their expenditure imposed by the donor through the terms of an appeal.

Unrestricted funds and designated funds

Unrestricted funds represent funds that are expendable at the discretion of the Board in the furtherance of the objects of the Charity. Such funds may be held to finance both working capital and capital investment. Designated funds are those funds which are unrestricted in nature, but which have been designated by the Board to be used in a particular manner.

Incoming resources

All incoming resources are included in the Statement of Financial Activities when the charitable company is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income.

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THE REDDITCH MASONIC CHARITY (A company limited by guarantee)

Oe NOTES TO THE FINANCIAL STATEMENTS

for the operating year ended 31 May 2022

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred.

Charitable expenditure comprises those costs incurred by the charitable company in the delivery of its activities and services for its beneficiaries.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charitable company and include audit fees and costs linked to the strategic management of the charitable company.

All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity comprise both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

VAT

The Charity is not registered for Value Added Tax.

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures and equipment

Heritage Assets

Heritage collection assets held by the Charitable Company are capitalised in the balance sheet unless reliable information about cost is unavailable or where there would be significant costs involved in obtaining a valuation. Items purchased during the year are shown at note 8 to the accounts and the charitable company maintains a register of all acquisitions. Heritage Collection assets are not depreciated since their long life and high residual values, supported by the conservation activities of the charitable company, mean that any depreciation would be immaterial. It is the view of the Board that the cost of obtaining a valuation of items already held or donated during the year is likely to be significant and would outweigh the benefits of undertaking such an exercise and, inconsequence, these items are not capitalised.

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eeee THE REDDITCH MASONIC CHARITY (A company limited by guarantee)

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NOTES TO THE FINANCIAL STATEMENTS

For the operating year ended 31 May 2022

Financial Instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments” and Section 12 ‘Other Financial Instruments Issues* of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the Charity becomes party to contractual provisions of the instrument.

Financial assets are offset, with the net amounts presented in the accounts where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial instruments

Basic financial instruments are initially recognised at transaction price and subsequently carried at amortised cost using the effective interest method.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.

Trustees Remuneration and other benefits.

The trustees did not receive any remuneration or any benefit during the year, nor were any expenses reimbursed.(2021 Nil)

The Charity did not undertake any transaction in which a trustee or connected person had a material interest.

Donations Legacies & Gifts

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Consist of; 2022 2021
£ £ £ £
Donations Restricted9,270 Unrestricted~ Restricted800 Unrestricted510
Gift Aid 1,126 ~ _ mest
10,396 2 800 510
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5 Income from Charitable Activities

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THE REDDITCH MASONIC CHARITY (A company limited by guarantee)

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NOTES TO THE FINANCIAL STATEMENTS

For the operating year ended 31 May 2022

2022 2021
£ £
Charges to Masonic Orders and other users
oftheCharity’spremises 23,139 12,780
Local Government Grants 4,000 14,500
MasonicGrants 1,500 1,500
28,639 28,780

6 Charitable Activities These costs relate to the upkeep, maintenance and running expenses of the Charity's premises together with donations and grants made.

Charitable activities expenditure

Charitable activities expenditure
2022 2021
£ £
Donations to Charitable institutions
Lightand heat
Rates andwater
Telephone		 5,911
4,827
5,476
629		 1,900
2,816
2,406
675
Insurance
Cleaning		 1,969
5,696		 1,939
166
Repairs and renewals
Depreciation
Examination fee		 7,333
5,931
778		 10,438
5,302
660
Professional fees 1,050 ~
Sundry expenses 88 350
39,688 26,652
Donations consist of;
£ £
Grants of£500and belowto 12 Charities
Masonic Charitable Foundation		 (20215) 2,674
737		 1,900
~
UkraineAppeal 1,077 ~
Hollytrees Trust 775 ~
Behind theSmile _648 ~
5,911 1,300

Further details concerning donations to institutions can be found in the Trustees Report on page 5.

Average number of employees

The average number of employees during the year was Nil (2021 Nil).

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THE REDDITCH MASONIC CHARITY (A company limited by guarantee)

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NOTES TO THE FINANCIAL STATEMENTS

For the operating year ended 31 May 2022

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|||||||| |---|---|---|---|---|---|---| |Tangible|Fixed|Assets| |Cost|Fixtures &£|Fittings|Heritage£|Assets|Total£| |At|31|May 2021|36,777|576|37,353| |Additions|11,|291|:|11,291| |At 31|May 2022|48,068|576|48,644| |Depreciation| |At 31|May 2021|27,892|-|27,892| |Provided|for year|5,931|—|5,931| |At 31|May 2022|33,823|—|33,823| |Net book value|at 31|May 2022|14,245|576|14,821| |Net book value|at 31|May 2021|8,885|576|9,461| |The cost|of the|Heritage Assets|has|not changed|over the|last five years.|

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||||||| |---|---|---|---|---|---| |Debtors| |2022|2021| |£|£| |User|charges|receivable|4,938|3,812| |Loan|2,000|~| |Donations|3,000|~| |Creditors|9,938|3,812| |£|£| |Examination|fee|800|700| |Sundry accruals|and|deferred|income|2,613|4,077| |3.413|4.777|

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Deferred income of £533 relates to income received during the current year relating to future periods (2021 £253).

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11 Movement in Funds

THE REDDITCH MASONIC CHARITY (A company limited by guarantee)

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NOTES TO THE FINANCIAL STATEMENTS

For the operating year ended 31 May 2022

Movement in Funds
Balance at Incoming Resources Balance at
31 May2021 Resources expended Transfers 31 May2022
£ £ £ £ £
Designated funds
Contingency Fund
Donations Fund		 10,000
1,636		 -
1,895		 -
(510)		 -
-		 10,000
3,021
General funds 60,791 37,406 (38,960) - 59,237
Restricted funds 5,245 - (218) - 5,027
77,672 39,301 (39,688) - 77,285
Comparativesfor movement infunds
Balance at incoming Resources Transfers Balance at
Designated funds 31 May2020
£		 Resources
£		 expended
£		 £ 31 May2021
£
Contingencyfund
Donations fund		 10,000
3,186		 -
200		 -
(1,750)		 -
-		 10,000
1,636
Generalfunds 56,447 29,096 (24,752) - 60,791
Restrictedfunds 4,595 800 (150) - 5,245
74,228 30,096 (26,652) - 77,672

The purpose of the Designated funds is noted in the Trustees report.

12 Restricted Funds Restricted funds relate to donation income collected from members of Masonic Orders for the specific purpose of funding donations by the Charity to specific institutions. As no single collection is significant in the context of these accounts, no further analysis is given.

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THE REDDITCH MASONIC CHARITY (A company limited by guarantee)

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NOTES TO THE FINANCIAL STATEMENTS

For the operating year ended 31 May 2022

13 Analysis of net assets between funds

Fund balances at 31 May 2022

Unrestricted Restricted Total
£ £ £
Tangible fixed assets
Cash atbank
Debtors
Creditors		 14,821
50,912
9,938
(3,413)		 -
5,027
-
-		 14,821
55,939
9,938
(3,413)
72,258 5,027 77,285

14 Operating lease

On 24 November 2011 the Charity entered into a 5-year lease of premises at Easemore Road, Redditch for which it pays a peppercorn rent. This lease was extended between the parties until the 23 May 2018.The Charity continues to occupy the premises as “holdover tenant” pending discussions and agreement for a new tenancy which have been held up because of a proposed change in ownership of the building and Covid-19.

15 Capital commitments

There were no capital commitments at the year end.

16 Related Parties

All the Director Trustees are members of one or more Masonic Orders which pay user charges to the charitable company for the use of the premises leased by it.

Trustees made unrestricted donations to the Charity totalling £502. (2021 £170).

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