THE REDDrrcH MASONIC CHARrrY (A company Ilmlt•d by guaranteo) TRUSTEES, AND DIRECTORS, REPORT AND FINANCIAL STATEMENTS FOR THE YEAA ENDED 31 MAY 21Y23 Company No: 07492rA1 Charlty No: 1140138
THE REDDrrcH MASONIC CHARITY (A company Ilmltod by guaranlee) CONTENTS Pag• Trustsg8' 8nd Dlrector8' R•port Independont ExamIn0• Report Stslement ol Flngnclal Acllvltle* Balanc• Sheot 10-11 Not•8 formlng part ol th• Flnanclal Statsmenl8 12-18
THE REDDITCH MASONIC CHARITY IA company limitod by guarantso TrUSTEES' AND DIRECTORS. REPORT For th• y•ar erKl•d 31 May 2023 The Irust8es who ar8 also directors of the Charity for the wrposes of the Companies Act 2006 present their r8POrt with th8 financial statements of the Charty for the year ended 31 May 2023.The trustees have adopted the provisions of Accounting and ReFQrting by Charities: Stslement of Recommended Practice applicable to charf(ies pr8paring their accounts in accordance with the Financial Reporting Standard applble in the UK and Republic ol Ireland IFRS 102 } (effective 1 January 2019). Referon¢• and Admlnl•tralI Inlomiatlon Chorlty nam• Th8 Redditch Masonic Charty Charlty R•gi¥tratlon Numbor 1140138 Company numb•r 07492091 {Ino)rporaled in England aThJ Wales) R•gl8tsr•d offlc• 21 Easemore Road Redditch Worcestershire B98 8ER Trusto08 S J Sutor- Chair BJHair A W Walker S Beckeft K Childress S Walker R B8nnett G Carty P Buck M Harris (Appointed 7 Novemb8r 20221 K floberts (Appoirrted 7 November 2022) Indopond•nt Examlnèrs The Richarts Sandy Partnershlp Thomeloe He 25 Bartrf)ume Road Worcester WR1 1FIU Bankers HSBC plc 275 Stratford Road Shirley Solihull 890 3AP Secrntary BJHair Page 1
THE REDDrrcH MASONIC CHAArrY IA company Ilmtted by guarantM) TRUSTEES, AND DIRECTORS, REPORT Foi the year ended 31 May 2023 Stwctur•, Governance ond Management Govemlng Document The charrtablè company Is lim¢t8d by guaranlee with no share capital. It is governed by its Memorandum and Article8 of Associatw. Th8 charitab18 company was InrpOrated on 13 January 2011 and was registered as a Charty on 1 February 2011. Flecruitment8Apkntrn8nt ofDKectors The Reddftch Masonic Chanty has a Board ol Dlrectors consisting of 4 Nominalfve Directors appointed by the subscribing members of Seymour Lodge No 2841, Ipsley Lodge No. 6491, 8ord8sley Abbey L¢Jdg8 No. 4495, and Forge Mill Lodge No. 9658 togeih8r wrth not more than 7 other directors. The Board m8ets quarterly and responsible for the rategiC direth'on and of the Charity. At present th8 Board has 11 members from a variety of professial backgrounds reant10 th8 work ol the Charty. The Directors of the charllable company who $erv8d during the peri(MJ and up to ihe date of thi* report are 88t out below.. S J Sutor- Chair B J Halr - Secretary A W Walker- Treasurer S Beckett K Childre55 S Walker R Bennett G Cardy P Buck M Harris (Appointed 7 November 2022) K Roberts (Appointed 7 November 20221 Glause 55 01 the Articles of A850ciats)n KIe the direclors wrth third paty indemnlty provisiong. Twst88 induction and training New Board members re(ave an indu¢lion into the work finances of the Charty and a welcome from the Chwr on appointment. Pag• 2
THE REDDITCH MASONIC CHARtrY (A company Ilmlted by guarantee) TRUSTEES, AND DIRECTORS. REPORT For the y•ar ended 31 May 20YJ Risk manag8m8nt Th8 financial assets of the charrfable company are invested in bank ujrrent and depostt accounts. Th8 Board is of the view that the current investmerrt profile has a minimal risk for the charitable company. The Directors consider other risks associated wrth the charrtable company and ensure that Ihere is an odequate control environment to mrtigate them through the praclice of fire and health and safety risk assessmenl and monitoring. Financial protocols have boen established and insurance polbcies are held to protect the Charlty's assets and users of the CharTiWs la15. Organisatnal stCture The day-ttrday managemént of athftl8S is SUP8fvksed by varlous members of the Board. In additlon, the charitable company is supkxjrted in ts work by volunteers who are members of the various masonic ordèrs whlch meet at the Masonic Hall. Oblectlv08 and Actlvltles Th8 Charlty's purposes as set out in the obj'ects o)ntained in the company's memorandum of associalan are.. 111 For the publlc b&nelit to pres8rv8 and MntaIn the stnjcture and fabric of th& Masonlc Hall. 21 Ea8emore Road, Redditch, Worce8tershlr8. 121 To advance the education of the public in the principles of Ffefrmasonry in partilar, not exdusfvely. by the eslabltshment of a Masonlc Heritage Centre. 131 To make grants and donations to indivvjuals, organisations, and other charities for the public ben8trt to relieve poverty, sK*ness, financial hardship, and social exclusion. Publlc ben8fft The Board has referred to the 8dwce contsined In the Chanty CommL8sion's general guidance on publ1¢ benefit when reviewing the charitable company's aims and objectives and in planning its ftrture activities. In particular Ihe Board Conser5 how planned actsvities wll conlribule lo the aims and objeclives r( has set. Achi8V8ments and PerfOmwe (i) F¢Y the publk benefft to preserve and maintain ttye sthiclure al fabrk of tha Masonic Hall. 21 Easemore Road, Rayditch, Worc8St8rshire The Masonic Hall, 21 Easemore Road, Redditch, w&8 constructed in 1908 by John Johnson and was formerly occupied as a Unionist Club. Atthough Ihe building Ls quite plain and severe in dèsign It has been little altered and forms a gc#)d grcyjp with the adjacent Baptist Church and Sunday School which are contemporary in date and built of similar materiaL8. The tikIlg is included in a schedule of buildings of lo¢al interest compiled by th6 Redditch Bortyjgh Council. Page 3
THE REDDrrcH MASONIC CHARrrY (A company Ilmlled by guaronlee) TRUSTEES. AND DIRECTORS. REPORT For the year ènded 31 May 2023 Following the lrfting of all Covid-19 rdstrictKsns Ihe Masontc Hall has been open for meetings and has been used extensively by Lodg8s and h@r Masonic Orders. During the year to 31 May 2023, 73 Masonic meetings were held attended collectwely by over 2,050 rsOn5. The Hall has also b8en used throughout the period by a numb8r of communty groups ft)r meetings el¢. In addrtion, the car park has been used by guests attending weddings ai the adjacent Registry Oth'ce. Th8 5-year plan to refurbish the Masonic Hall has been completed wrth all work being carried out in a style commensurate with the age of the building. The cost of ongoing maintenance will be less than the refurblshm8nl costs whlch will mean thai wè will be financialty better off and thwelor8 in a position to further pursue our other aims in panicAJlar supp)rtin9 predominatsly k>cal charlbe8 and gocmj causes. 21 To advance the 8du¢*ion of the wblk In th8 princlpl8s of Fréenw¢Thy in partKular, Lwt not exclusivaty, by the establishment of 8 Masonic Hertt8ge C8ntr8. Faellltlo• The Herage C8nir8 now has an envthle wIltion of masonic art8facts on display. toih in the museum room as well In the bar and other public areas. They comprise ol masonic jewels, regalia, Pottery, glassware, and silverware together wtth a considerable number of bcoks and records relating lo Freemasonry and the hi510ry of the Masonic Provinces of Worcestershire and Warwickshire. Many of the artefacts are on pefmanenl loan from the Wal¢k$hIre Provincial Library and Museum (WPLMI and th8 Worcestershire Masonic Museum and we are gralelul for Iheir support. These artefacts are of considerable lirrepLqceablel value and are of signrficant interest not only to Freemasons but also to the general Pljblic. Acquliltlon• Additions to the cdlections continue(I to bè made In the year thr(wgh generous donallons from FT8emasons and their famllies for which the Board is most grateful. Guld• The °Guide lo Ihe Heritage Centre and rts Artefts" is updated on a regular basks to reflect additions to th8 collection and changes to the displays. Ral8lng awaronos8 ol thè collectlon8 The museum has been open at each masonic meeting héld at the Herrtage Cerrtre and c2050 persons hav8 had the opportunty to view its contents. In addit¥)n. others have had the same oppjrtunty when the Centre has been open lo Ihe public. Web Slte Our web srte can be found al htt .reddilchmasonicchar" .or DetsiL5 of the Herilage Centre can be found on the web site logethef wrth a brief history of Freemasonry in Redditch and news items. Pagè 4
THE REDDCH MASONIC CHARrrY (A Company limlted by guarantee) TRUSTEES, AND DIRECTORS. REPORT For the for tho year erKled 31 May 2023 3) To make granfs 8r>Y donations to IndwKluals. organisations, afftt otlw charttles for the publr benefrt to relieve povety, sickness, financwl hardshp, a1 socialexcknsk. A Charitable donations sutpmmittee has b8en establish&J which examines applications for grants and donations and makes recommendatn$ to the Board. During the year, the Charity has made grants and donations totstling £10,482 12022 £5,911). Emphasis has been on supporting organisations and chaflties local lo Ihe area In which w6 operate. Representsllves of the Local Charitses which receive a donation are Invit8d to an afternoon tea to receNe cheques and this is reported in the lo1 newspap which in turn helps io raise awareness ol our Charity. In addf(ion, donations have b68n mad8 to Masonic Charrties whKh In lurn support many worthy causes, tJih al a local and national level. Future plans 11 is our intention during the forthcoming 12 mcYrth8 to bulkl on our achievements to date and to further advertise our existence lo the general public, by maintenance of our web site, open days, and increased use ol Dur newly iefurbish8d rooms by the public. We will continue to maintain the building to a high standard and although our refurbishmènt programme 1$ complete, we will, where nSler8d appropriale fvrther improve facilrti8s for those masonic orders and other communty groups which rent lh8 premises from Ihe Charity. Flnanelal R•vl•w Principal Funding Sources Th8 principal sources of fvnds of the cttartsble company were casual r8nts, caphailon and other f8es from Ihe various masonic orders and their members who me8t at the Masoni¢ Hall. and donations includlng from the Redditch Masonic Club. Inveslm8ntpol The charitable company's funds are held In cUrn1 and d8POSit bank accounts to protect the capital Invesled. The cuirenl acc£sunl balanc8 is regularfy reviewed and transfers to deposr( mad8 as appropria18. Reserves policy Unreslricted rgserves, (x)mkYlsing general and designated reserves. at the y88r-&nd totalled £79,401 12022 £69,237). Free resérves Ilhat those unr8Strict8d reserves not repreted by fixJ assets) tolalled £38.975 at the y8ar-8nd12022 £44,416). The financHI Ststements show a designated reseDl8 of £30,OIXI {2022 £10,1Y)O). This is a Cyclical Maintenance Reserve which the Directors consider is necessary lo Ver unforeseen and non-routine Maintenan of the building because. ahhough a plan of maintenance is in place the building is old and unforeseen expendrture can arise at any lime. It k8 therefore considered prudent lo hold a reserve to cover such an evenlualty. The remaining reseN8s need to be at lea* £30,Crf)O to c4)ver Ihe wnning costs for the next 12 months as the majorty of the income from ihe Charitable Activilies is received in aNears at the end of the year. Flestrted ReseNes (being reserves which are Subject to restrictions imposèd by the donors} totsllèd £7,825 12022 £8,048). Pag• 5
THE REDDITCH MASONIC CHARrrY {A compary Ilmlted by guaran} TRUSTEES, AND DIRECTORS, REPORT For the for the y8ar gnded 31 May 2023 Donations Policy Granls to other charitable bodies are usualty made in reswnse to a formal appeal by the Charty concemed and usua5ty reLqte to some special fundraising exercise of a restricted fund natur8. In such circumstance5, the trustees will decid8 on what support is lo be given based on the 1rt8ratur8 fornarded. In the case of individuals or TeferraL8 from cwil agencies applications are considered based on writlen applications erther by the individual, a person wishing to support ihe individual. or the agency. The level of grants made In the year is determin1 by the income of the yèar {in the main donations raised by Freemasons and a small amount of investment income) and the level of reserves required by Ihe trustees. Each application is considered on its merits. As 8 g8neral the airn is lo help as many pergonsloTganisations as possible but larger grants will be considered rf it fett appropri8, such a$ lo enable a largel to be met or to as a primer for maiched lunding. Prlnclpal Rlska and unrArtalntlè8 The Charity Is concerned about infith'on and th8 "Lxxt of INing crisK8'. Th18 has led to an Increase in the charges lo members ol lh8 Lodges and oth8r Masonic Orders using the Hall whth could in iurn lead lo resignations and a subsequent k)ss of income. It is tco early to quantify this as the increases have onty recently been implemented. The Charty however has more than suflicient funds to meet any loss of in¢om8 and is confident in th8 long term Ihal membership numb8fs will return lo the long term average. R•8pon•lbllltlt• of Tru81oe8 and Dlro¢lor8 The trustees (who ar8 also directois of Th8 Redditch Masonlc Charity for the purpose of Chadty lawl are responsible for preparing the Trustees. Annual Report and the ffinancial statements in accordance with applicable law and United Kingdom Accounting Standards (Unrted lfjngdom Generalty ACptIng A¢¢CntIng Practice) including FRS 102 "The Finan¢01 ReFthI'ng Standard appltsble In the UK and Republic of Ireland. Company law requires the tnjstees to propaie financial statements for each financial year whith give a tru8 and fair view of the slate of affairs of the charrtaNe company and of the incoming resoufces and application of resources, including income and expenditure. of ihe charitable company for Ihal ri0. In preparing those financial statements. the trustees ale required to.. S8le¢t a suitable accounting p)li¢ies and then apply them oonsBtently,' Observe the melhods and prlnciples in the applicable Charibes SORP (FRS 102}12019). Make judgements and esb"males that are reasonable and prudent. Preparo the financial statements on the going conrn basis unless il inappropriate to presum8 Ihal the charrtable company will continue in operation. Stste whether applicable accounting standards havè been followed subject to any maierial departures disdosed and explained in the ffinanci siatem8nts. Page 6
THE REDDrrcH MASONIC CHARir( (A company Ilmlted by guarantee) TRUSTEES, AND DIRECTORS. REPORT For the year endod 31 May 2023 The truste8s are r85ponsible for keeping proFW acc(MJnting rgcords which disclose with reasonable accuracy al any time th8 linancial postbon of the charrtable company and lo enable them to ensure that the financial statements compty with Ihe Companies Act 2006. They are also resp)nsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for th8 prevention and detection of traud and other irregularrties. The financial statements are prepared in accordance wilh the special provisions of Part 15 of the Companles Act 2006 relating to small companies and in accordanc8 with the Financ4al Fleporting Stsndard applicabl& in the UK and Republic of Ireland IFRS 1021. Approved by the directors on 6 December 2023 and signed on its behalf by: S J Sutor Cholr BJHalr Secretary Page 7
THE REDDITCH MASONIC CHARrrY (A ¢ompany Ilmlled by guamt•e) INDEPENDEiif EXAMINER'S REPORT TO THE MEMBERS OF THE REDDITCH MASONIC CHARfTY I report to the Charty trustees on my examinatK)n of the aC)unts of the company for the year ended 31 May 2023 which are set out on pages 910 18. R•#pon•lbllltlo8 and ba•18 of report As the Charty trustees of the Company land Its directots for the wrFrf)ses of company Lqw} you are responsible for the pr9parat of the accounts in a¢ctydanc8 wlth the r4uirements of lh8 Companies Act 20061'the 2006 Act). Havlng satisfied myself that the accounts of the company are rtrot required to be audited under Part 16 of the 2006 Act and are eligible for independent examinaiion, I report in respe ol my examination of your company s accounts as carried out under seCtn 145 of the Chartties Act 2011 I'lhe 2011 A¢t'l.In carrying out my examination I hav8 f(AIow8d the Directions given by Ihe Chanty Commi88ion under section 14515llbl 01 the 2011 A. Ind¢pendent exarnln•tr8 8talem•nt I have completed my examination. I confimi that no matters have cxjme to my attention In connection wrth the examinatlon givlng mè cause to believe Ihal in any malenal respect.. accounllng records wer8 not kept In respect of the company as required by section 386 of the 2006 the accounts do not accord with those records., or the aounts do not comply with the accounling requIrnents of SeCtn 396 of the 2006 Acl thh8r than any requirement Ihai the accounts gwe a 'true and fair v1 which k8 not a matter considered ag part of an independent examination., or the accounts have noi been prepared in aCCordar with the meihods and principle8 of the Ststement of Recommended Practice for acwunting and reporting by charrties applicable lo charrties preparing their accounts in accordance wilh the Financ1 Reportino Standard applicable in the UK and Republic of Ireland (FRS 1021. I have no concerns and h8V8 come across Th) other matters in connefflion with the eXaMinatn to whlch attention should be drawn in this report in order to enable a proper underslanding of the accounts to be reached. Melissa Godwin ACA ACCA The Flichards Sandy Partnership Ltd Thorneloe House 25 Barbourne Road WoTcesler WF11 1RU Dated Page 8
THE REDDrrcH MASONIC CHARITY company Ilmlted by guarantee STATEMEKf OF FINANCIAL ACTIVITIES Oncofporatlng the Income WKI expenditure account) For the operatlng year onded 31 May 2023 Unmtrlcl•d R•strlct•d lunds funds 2023 Total 2(Y22 Total Notè INCOME AND ENDOWMEKfs FROM Donatlons, 18gacies, and grfts 9,945 19,534 10,396 Charrtable actfvities 23,621 23,621 28,639 Other income Incom8 from Inveslments 334 334 Tot81 Incoffllng re8ource8 9,945 39,301 EXPENDITURE ON Charitable actfvltles 10.168 33,548 39,688 Totsl wi•ndltur• 23.380 10.168 39.688 Nèt (1080} I profll for the y 10,164 {223} 9.941 13871 Reconclllatlon of fund8 Fund balances al Ihe b8glnnlna 01 th8 year 69,237 8,048 77,285 77,672 Fund balance8 at tho ond of year 79,401 7,825 87,226 77,285 The sts18menl ol financial activities indud8s all gains and sseS In the year. Al Incomlng resources and resources expended derwe from Corninuing operan¥. The note8 on pages 12 10 17 form part of these finan81 8tatements. Page 9
THE REDDrrcH MASONIC CHARITY (A company Ilmlted by guar*rtee) BALANCE SHEET Company Number:07492091 Ot 31 May 20fJ (a• re8talod) Flxed a8sets Flxtur8s & ftttlngs Heritag8 assets 9.850 14.245 Current 888•ts 10.426 14,821 Debior8 10.721 9,938 Cash at bank and In hand 69,581 55,939 80.302 crltOrS. 8maunts lalllng due wrthin one year 65,877 10 13,502) {3,413) Nel currnnt aowt8 76,800 62,464 Total a080t8 l••¥ Ilab1111108 87,226 77,285 Unr•8trl¢ted fund8 General Oesignated 11 11 49,401 59,237 10,OCMJ 79,401 69,237 R08trlcted fund8 12 7.825 8,048 Total lund8 87,226 77,285 The éirectors, statemen15 required by Section 475 (21 and13) ar8 shown on ihe following page 11 which lomis part of this Balan Sheet. Page 10
THE REDDITCH MASONIC CHARrrY (A company Ilmlted by guarantee) Balance Sheel (conttnu As at 31 May 2023 In approving these financial stalements as trustèes of thg wmpany we hereby nfirrn. al that for the year 8nd8d 31 May 2023 the company was enlf118d to Ihe exemption nferred in Section 477 of tha Cornpani8s Act 2006: bl that no notrce has been d8Fosited at th6 regist8red offic8 of the company pursuant to Section 476 requesting Ihai an au(Jit b8 conducted for the year ended 31 May 2023 and cl the Irustee5 acknowledge their responsibiliti'es for- 11 ensuring that the company keeps accounting records which compty with Se¢lton 386 and 387. and 21 preparing flnancial statements which give a true and fair view ol the state of the affairs of th8 company as at the end of the financial perlod and ol tts profit or loss for the period ended in accordance with the requirements of Sections 394 and 395 and which otherwise CoMY wlth the pn)visions of the Companies Act relating lo ftnancial statements, so far as appllcab18 to thè company. The flnanclal statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating lo sm811 companies and in ac¢ordanc8 wrth FAS 102 and the Charrties SOf4P {FFIS 102}120191. The ftnanclal 8tstem8nts were appro4ed by the &)ard on 6 December 2023 and sign8d on its beha by.. SJSut( Chalr A W Walker Olr•etor Page 11
THE REDDITCH MASONIC CHARITY IA cornpany Ilmlted by guarantee NOTES TO THE FINANCIAL STATEMENrs for the opwatlng year endod 31 May 2023 ststutory Informatlon The company is a private company registered in England & Wales and is limrted by guarantee and does not have a share caprtal. Charty Comms$n Re9kStration Number is 1140138. Every memb8r of the company undèrtakes lo contribute to the ass8ts of the wmpany in the event of its being wound up while he 1$ a memb81. or wlthin one year after he Ceases to be a member, for payment of the debts and liabilrties of the company contracted before he ceases lo be a member, and the costs, charges, and expenses ol winding up, and for the adjustmem crf th8 rights of the contribLrtori8s among themsefves such amount as may be required, not exceeding £1. Accountlng pollcl Thè following accounting policies have been applied consislentty in dealing wtth rtems which are ¢onsid8r8d material in relaiion to the fi.nancial stslements. Ba818 01 preparatlon The financial statements of the charrtable company, which is a public b8nefit enbty under FRS 102 have been pr&pared in accordance wrth the Charities SORP IFRS1021120191 Accounting and Reportlng by Ch8riti8S.' Stsiemeni of Recommended Practice applicable lo Charities preparing theii accounts in accordance with the FInancl Reporting Siandard applicable in the UK and Rewblic of Ireland IFRS 102)lellective 1 January 20191,Financial Reporting Standard 102 'The Financi Reporting Standard applicable in the UK and Republlc of Ireland and the Companies Act 20[. Thèse financlal staiements have bèen prepared under the historical c05t (xjnvention. The accounts are prepar8d in steding, which is the functional rrencY of the Charty. Monetary amounts in these financial stslemonts ale rounded lo the nearest £. Under the Chariti85 SORP (FRS 102) 120191. the is rUirement for the charitable company lo prepar8 a cash low statement on the grounds Ihat r( is not a large Charty. Re8trlcted lunds Restricled funds repr8serrt donations which are sutyect to restrictions on their expendrture imposed by the donor Ihrough the terms ol an appeal. Unr••trlct6d lund8 and de81gnated lund6 Unrestricted funds represent funds Ihat are expendable at the discretion of the Board in the furtherance of the objects ol the Charrty. Such funds may be held to finance LM)th working caml and capital investment. Designated funds are those funds which are unrestrict&J in nalu, but which have teen designated by the Board to b9 used in a parkncular manner. Incomlng resourc08 All incoming resources are induded irs the Statement of Financial AciNTlies when the charitable company is entitted to the InMe and the amount can be quantffied wtlh reasonabl8 accuracy. The folkThing specific policies are applied to pa'CUlar categories of income. Page 12
THE REDDrrcH MASONIC CHARrrY (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMEpirs for the operallng year ended 31 May 2023 Voluntary income by way of grants lincluding governmenl grants in relation to Covid 191, donations and gifts is included in full in the Statement of Financial Ath"e$ when receivable. Grants where enlrtlement is not condttional on the delivery ot a specthc perfcymance by the dwritable company are legnIsed when it becomes unndlOallY entitled to th8 grant. Donated services and facilities are included at the value to the Charty where this can be quantified. The value of services provided by volunteers has not been includ8d in those accounts in line wrth the SORP IFRS 102). R••ourc•• •xp•nd•d Expenditure is recognised on an accruals bas as a liability is incurred. CharRabl8 8xpèndTlurè Comprises those cc6ts incurred by the charitable company In the delNery of its activrties and services for ils beneliciaries. Governance costs include those costs associated with meeting the c#)nstrtutional and ststutory requirements of the charrtable company and include audrt fees and costs linked to the strategic management of the charitable company. All costs are allocated belween the expendrture categories of the Statement of Financial Actwlties on a basls designed to rellecl the use of the resource. Costs relating to a particular actwlty comprise toth costs that can be allocated direclly lo such activities and those costs ol an indirect nature necessary to support them. Tanglbl• flx•d a•8•ts and d•pv•elatk>n Tangiblé flxed 888ets are staled at Ix6t18ss depreciatlon. Depreciation is provided at rates calculated to write off the ¢x>st of fixed assets, 18ss their esllmated resijual value, over their expected useful Iwes on the following bases: Fixtures and equipmerrt - 20% straight line H•rltage A88ets Herrtage collection assets hekl by Ihe Charitable Company are capitalised in th8 balance sheet unl8SS reliable informatlon 8bJrt Is unavailable or where there would be signfficant costs Invofved in oblalnlng a valuatlon. Items purchased during the year are shown al note 8 to the accounls and the charitable company mainiains a register of all aCquIsitn9. Heritsge Collection assets are not depreciated Since their long Irle and high residual values. supported by the conservation activities of the charrtable company. mean that any depreckqtK)n would be immalerial.ll is th8 V18w of the Board that the cos1 of obtaining a valuation of items already held or donated during the year is likely to be signfficant and would 0e1gh the benefits of undertaking such an exercise and. inconsequencg, these items are not caprtalised. Page 13
THE REDDITCH MASONIC CHARrrY IA Mrnpany Ilmlt¢d by guarantee NOTES TO THE FINANCIAL STATEMENTS For the oporatlng yo8r ended 31 May 2023 Flnanclal In8trum•nt• The Chartty has elected to appty the provk8KJn$ of Section 11 "Bas Financlal Instruments. and sekn 12 '0ther Financial Instruments Issues. ol FRS 102 to all of rts ffinanclal instruments. Financlal Instruments are reo)gni88d when the Chafty b8comes paty to o)niractual prOv10n6 of the instrument. Financial assets ar8 offset, wlth the net amwnts presented in the accounts where Ih8re is a legally enforceable rlght to set off the recognis&J amounts and there is an intention to $elUe on a n81 basls or to realise the ass and setile the liabilty sifnullaneously. Bulc flnan¢lo1 Sn8trumgnt8 Basic financial instnjments are Inilialty Tecognised al transactK)n prlco and subsgquenlty carried at amortised cost using the effe1ve interest method. Dorecognltlon ol flnanclal a88et• Financial assets are defecognised only when Ihe contractual rights to Ihe cash Ilows from the assel expir8 or ar8 $9ttW. D•r•¢ognltlon of flnanclal 118bllltlo8 Financial liabillties ar8 d8recognk8ed when the Charlty's contractual obligations expire or are discharged or cancellBd. Tru$ts•• Remun•ratlon and olhor bon•flts. The truslees did noi receive any remun8ralion or any benefft dunng ih8 year, nor were any expens8S reimbursed.12022 Nil) The Charty did not und8ftake any Iransartion in which a Iruslee or o)nne¢ted person had a material interest. Donatlons L¢wlu & Glfts Conskst of,. 2023 2022 (as restated) Restricled 8,647 Unre5trithed 9,589 Restricted 5,952 UnrestrScted 3,318 Donations Grft 589 Page 14
THE REDDITCH MASONIC CHARrrY IA company Ilmlled by guarants8 NOTES TO THE FINANCIAL STATEMENTS For tho operaung year ended 31 May 2023 Income from Charftable Aellvltl•8 2023 2022 Charges to mason Orders and 0th8r users of the Charity's premises Local Government Grants Masonic Grants 23,821 23,139 4.000 Charltsbl• A1vIlLe8 These costs relate to the upkeep, malntenance and running exp8nses of the Charity's pmiseS togethèr wlth dationS and grants made. Charltabl• ao1fv11108 expendllur• R08tr1cted unr•*trIct R•8trfel•d Unre8trlct•d 2023 2W23 2022 2022 Don81ions to Chartsbla instibJtion8 Light and heal Flales and watsr Telephon8 Insurance Cleaning R8palfS and renewals Depreciation ExaminaiKsn f88 Professional te8S Sundry exp8ns8S 10,168 314 3,584 137 699 3,555 5,757 3,871 4,395 714 5.911 4.827 5.476 629 1,969 5,696 7.333 5.931 778 1,050 38 Donations conslst ol., Grants of £500 and below to 17 Charlties 12022 12) Masonic Charitable Fndation Ukraine Appeal Hollytrees Trust Behind the Smile Emily Jordan Foundation Acorns Children s Hospic8 Greyhound Trust Redditch FOLKI Bank 4,487 3,080 81 2.674 737 1,077 775 648 1,221 605 14 14 Page 15
THE REDDrrcH MASONIC CHARrrY (A company Ilmlted by guarantee) Further details con(%ming donations to inltirt1onS (an be found in the Trustees Report on page 5. NOTES TO THE FINANCIAL STATEMEKrs For tho owratlng year dId 31 May 2023 Averag• number of frmployoe8 The average number of empbyees during the year was Nil12022 Nir). Tanglbl• Flx•d A88•t8 Flxlurn8 & Flttlng8 H•rltag0 A88•t8 Totsl Al 31 May 2022 Addrtions Al 31 May 2023 48,068 576 48,644 Deproclatlon Al 31 May 2022 Provided for year Al 31 May 2023 33,823 33,823 21 Net book valu• at 31 May 2023 Not book valu• at 31 Moy 2022 The (¥)st of the Heritage A888ts has not changed over the Lost fve years. D•blors 2023 User charges recgivable Loan Donations 4,221 5C(I 721 10 Crodltorn Examination fee Sundry aGGruals and deferred income 800 41 DefeTh¢d income ot £533 relatss to income received during the (wrrent year rekiling to fubJr8 perl¢)Js 12022 £533}. Page 16
THE REDDCH MASONIC CHAFirrY (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS For tho opgratlng year •nd•d 31 May 2023 11 Mov•m•nl In Funds Balanc• at 31 May 2022 IornIng R•Wur• Balanc• at R¢8our¢e• expended Tran8fgr8 31 May 2023 Deslgnated lund8 Contingency Fund 10.000 20.0 30,fyX) Gonoral lund8 59,237 40.922 130.758) 120.000) 49,401 R••trlct•d tund• 8,048 110,168) 7,825 77,285 43.489 (33.5481 87,226 ComparatSvo• for mov•m•nl In fund• (as re8tst•d) Balan 01 Incomlng Re8ourc•s Tran01$ Balanc• at 31 May 2021 R•80ur¢e• •xpond•d 31 May 2022 De$lgnaled lund• Contingency fijnd 10,OC 10,000 General funds 60.791 32.2 133,777) 59,237 Flestricted funds 6,881 7.078 15,9111 8,048 77,672 39,301 {39,688} TT,285 The purpose of the Designaled funds is noled in the Trustees report. 12 Regtrlcted Fund8 Restricted funds relate to donation income collected Irom members ol Masonic Orders for the specrfic purpose of funding donations by the Chanty to specrfic inslltutions. As no single collection significant in the context of these accourrts, no further analysL8 Is given. Page 17
THE REDDtTCH MASONIC CHARrrY (A comp*y Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS For tho op¢ratlng ar ended 31 May 2023 > - 13 Analys18 of not a880ts bolwoon lund8 Fund balances as al 31 May 2023 nr trict Tanglble flxed assets Cash at bank Debtors Gredrtors 10.426 61.756 10.721 3.502 79,401 10,426 69,581 10,721 7,825 7,825 87,226 14 Oper8tlng1008• On 24 November 2011 lh8 Charty enlered into a 5-year lease of prerneS at Eas8mrè Fload, Redditeh for which tt pays a peppercorn rent. Thi8 lease was ex1ended betrtsen the parties until the 23 May 2018.The Charty continues lo occupy Ihe premises as "holdover tsnanf. Agreement has beon r&&ched for a new 25 year lease on a peppercorn Tent. 15 Capltal commltm•nts There were no capital commitments al Ihe year end. 16 Related Partl•8 All the Oire¢tor TrLeeS are members ol one or more Masonrc Orders which pay us&r charge8 to the charitable company for the use of the pr8mkses leased by It. Trustees made unrestricted donations to the Charity tolalling £634. {2022 £5021. Prlor Y•ar Adlu#tm•rrt The prior year figures have been reslaled to re-allocate restn.cted donation and gift aid income and correswnding charitable donation expenditure from unreslricted funds to restricled funds. The Smpact of this adjustment resuhs in a revised brought forward balance on the unfestricted fund of £69,237 and a revised brought forward balance on the restrirted funds of £8,048. 17 Pago 18