THE REDDrfcH MASONIC CHARrrY (A compw Ilmlted by guwantee) TRUSTEES, ANO DIRECTORS. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 21r24 Company No: 07492091 Ch•rlty No: 1140138
THE REDDrrcH MASONIC CHARrrY IA Company limited by guardnto•) CONTENTS Pag• Trust•e8' and Dlr•e*or•' Report Independent Examln•rf• Report Statemenl of Flnanclal Actlvllle8 B81ance Sho•t 10.11 Notes formlng part of Ihe Flnanclal Stat•mont8 12 -18
THE REDDrrcH MASONIC CHARrrY IA Comp Ilmlled by guar&ttee) TRUSTEES, AND DIAECTORS" REPORT For the year ended 31 May 2024 The trustees who are also directors ol the Charity for the purposes of the Compani8s Act 2006 present their r8POrt Wtth the linancial stat8ments of the Charlty for th8 year 8nd8d 31 May 2024.Th8 Iruslees hav8 ath)pt8d the provisions of Accounting and Reportlng by Charilies.. Stai8m8M of R8comm8nd8d Praclicg applicable to charrties preparing their accounts in accordancè wrth the Finanal ReFthng Standard applicable in the UK and Republic of Ireland IFRS 1021 {effective 1 January 20191. Reforen¢e and Admlnlstrallvo Inlormatlon Charlty namo The Reddrtch Masonic Charity Charlty R•gl8lratlon Numl 1140138 Company numbor 07492091 {Inwrporated in England and Wal8sI R•gixtored offlc• 21 Eas6more Road Reddrtch Worcestershire B98 8ER Tru8t••8 S J Sutof - Chair BJHair A W Walker S Beck8tt K Childr8SS S Walker R Bennett G Cardy P Buck Harris K Roberts L Francis IAppointed 8 March 20241 Semens IAppoinled 8 March 2024} A Langley {Appointed 8 March 2024) Independent Examln•r8 The Richards Sandy Partn8rship Thorneloe House 25 Barbjurne Road Worcester WR1 1 RU Bankers HSBC pl 275 Siratford R¢)ad Shirley Solihull B90 3AP Sgcretsry BJHair Page 1
THE REDDITCH MASONIC CHARrrY (A company Ilmlted by 9uarantee TRUSTEES. AND DIRECTORS. REPORT For the year onded 31 May 2024 struc, Govemane• and Managom•nl Govemlng Document The charltable company is limited by guarantee with no share caprtal. It is gcN&med by ts Memorandum and Article8 of Association. Th8 charitable company was incorporaled on 13 January 2011 and was reglstsred as a Chartty on 1 February 2011. R8cruitment and Apwlntment ofDirecto Th8 Reddf(ch Masonic Charty has a 8oar¢i of Dir c#)nsi8trng of 4 Nominatwe Direclors appointed by the subscribing mernbers of S8ymour Lodg8 No 2841. Ip51ey Lodge No. 6491, Bordesley Abbey Lodge No. 4495, and Forge Mill Lodge No. 9658 logether wrth not more than 11 other directors. The 8oard m8et8 quarterly and is iesponsible for Ihe Strategic ditK)n and p)licy of the Charty. At present th8 Board has 14 members from a variety of professbnal bad(grour#Js reant to the work ol the Charty. The Dlrectors of the Charrtable MpanY who seNed during the perh)d and up to the date of thls report are set out below.. S J Sutor - Chair B J Hair- Secrelary A W Walk8r . Treasurer S Beckett K Childress S Walker R Bennett G Cardy P Buck M Harris K Robgrts L Franc (Appointed 8 March 20241 M Semens (Appointed 8 March 2024) A Langley (Appoinled 8 March 2024) Clause 55 ol the ArtKles ol Assoc4atK)n pn)viJe the dire(xors with third paty indemnty provisic¥is. Trustee inductin anLI tr8inlng New Board fflembers re1ve an induction into the sK)rk and ffinan of the Chanty and a w8lcome from the Chair on appointment. Pag• 2
THE REDDrrcH MASONIC CHARrrY (A ¢ompany limlted by guarantee) TRUSTEES. AND DIRECTORS, REPORT For the year ended 31 Moy 2024 Flisk management The tinancial assets of the ¢harhable company are invested In bank currenl and deFM)Stt accounts. Th& Board is of the view that the jrIen1 investment profile has a minimal risk for the charitable company. The Dlreetors consider othef risks as891ed wrth Ihe charitable company and ensure Ihal there is an adequate control environment lo mitigate them through the practice of tire and heatth and safety risk 8s98ssment and monitoring. Financial Pfolocols have been established and insurance policies are held lo protect the Charity's 888ets and users of ihe Charty's facilities Org8nlsatlon81 Structur8 The day-lo-day management of activilies supervised by various members ol the Board. In additlon, the charitable company is supported in rts work by volunleers who are members ol the various masonic orders whlch meei at the Masonic Hall. Obloctlv•g and A¢tlvltlo8 The Chartys purp08es as set out in the objects contained in the rmpany's momorandum of association are.. 111 For the publlc bènelrt to preserve and malntain the structure and fabric of the Masonlc Hall. 21 Easemor8 Road. Redditch, Worcestershire. 121 To advan the education ot the public in the principles of Freemasonry in particular, but not exclusively, by th8 establlshment of a Masonic Heritage Centre. 131 To make grants and donations to indivKfjuals, organksations. and other charbtses for the publlc benefit to relieve povety. Sickness, financial hardship, and 5ccial exclusion. publ bonefrt The Board has referred to the advice Contained in the Charity CommL%sion's general guidance on public benefft when reviewing the Chantab company's aims and objectives and in planning its futu activrties. In particular the Board conslders how planned actNieS will contribute to the aims and objeclives il has set. Achievements and Perfonnance (i} For the public benefft to preseThe and maintain the structure and f8brr of the M8sonk H811. 21 Easemore Road, Redditch. Wor¢esternhff8 Th8 Masonic Hall, 21 Easemore Fload. Reddrtch. was constructed in 1908 by John Johnsort and was formerly occupied as a Unionist Club. Although the building is qufte plain and severe in design It has been little altered and forms a good group with the adjacenl Baptisi Church and Sunday School which are contemwrary in date and buiK of similar materials. The building 15 included in a schedule of buildings of local Irrterest oompiled by ih8 R8dditch Borough CounThl. Pago 3
THE REDDifcH MASONIC CHARrrY (A company Ilmlled by guor•t•e) TRUSTEES, AND DIRECTORS, REPORT For the year Qnded 31 May 21r24 A S-year plan lo refurbish the Masonic Hall was completed in 2023 wrth all work being carrled out in a style commensurate with the age of the tilding. Ongoing maint8nance and repairs are carried oul as and when necessary. Durlng the year to 31 May 2024, 68 Masonic meetings were held attended colleclfvety by over 2,300 persons. The Hall ha5 also been used Ihroughout the P8fh)d by a number of communrty groups for meetings el¢. In additic, the car park has been used by guests attending weddings at th8 adjaceni Registry Offic8. 21 To advanc8 the educafion of the wblic in tha prinGipl8s of Freemasonry in particular. not 8xcluswety, by the establtshm8nt ol a MasonK Herrtage Centre. Fa¢llltlo8 The Heritage Cenlre now has an envble collection of masonlc artefa¢ts on display, both in the museum room as well in the bar and other public areas. They comprise of Mason jewels, regalia, pottery, glasswaro, and silverwar8 together wrth a considerable number of books and records relating to Freemasonry and the hlslory of the Magonlc Provinces of Worcestershire and Warwickshire. Many of the artofacts are on permanent loan from the Warwickshire Provincial Library and Museum (WPLMI and the Worceslershire Masonic Museum and we are grateful for Iheir sUPtKIrt. These artelacts are of conslderable lirreplaceablel value and are of signrficant inter8St not onty to Fr88mason8 but aL80 to the gèneral publlc. Acqu181tlon8 Additions lo the collections Continued lo be made in the year thr(gh g•n•rous donations from Freemason$ and thelr families for whlch the Board ks most grat•fvl. Gulde The 'Guide to the Hentage Centre and its Artefacts. is uwlated on a regular basis io rèflect addrtions to the collection and (*anges to th8 displays. Ra181ng awarenesg of the colleetlons The museum has been wen at each masonic meeting held at the Herrtage Centre and c2300 persons have had ihe opportunty to vlew rts contents. In addrtDn, others have had the same QPFK)rtunrty when the Centre has been open lo the public. Web Slte Our web srtg is currently undef rory)nstnJction and will b8 available to members of the public as soon as the redesign has been completed. The web site will ntrIn detaiLs of our Heritage Centre together wth a brief history of Freemasonry in R&Jditch an(i news ttems. Page 4
THE REDDrrcH MASONIC CHARrrY (A cOmpY limited by guardnlee) TRUSTEES, AND DIRECTORS, REPORT For the for the year ended 31 May 2tr24 3) To make grants and donat to indv/hYuals, org8ni98tr. and otlw charities for lh8 Wb1 b8n8fit to relieve poverty, sickness. financial hardship. and SL/ exclusion. A Charrtable donailons sub-commitlee has been eslablished which examines applications for grants and donations and makes recommendations to the Board. During the year, the Charity has mad8 grants and donations totslling £15,264 12023 £10,482). Emphasis has been on supporting organisations and charities local to the area in which w8 operata. ReprosèntatNes of the Local Charities which recewe a donallon ara invrted lo an afternoon lea to receNe cheques and ihk% ks reported in the local newspapers whlch In lurn helps to raise awaren8ss of our Charity. In addrtfvjn. donairons have been made lo Masonic Charities which in turn support many worthy Causes, bjth at a Ioc91 and national18vel. Futuro plans It is our intention durlng the forthcomlng 12 months to build on achiev8rn8nts lo date and lo further aertIse our existence to the general public, ty news repofts, open days, and increased use of our lacilities by the public. W8 will continue lo maintain the buikling to a high standard and although our refurbishment programme 1$ complete, we wll. where considered appropriate hJrth8r improve facblities for thc*e masonio orders and other communty groups which rent the premises from the Charrty. Flnanclal Rovl•w Prlncipal Funding Sources The principal sources of funds of the charitable company wore casual rents, capitation and olher fees from the various masonic orders and Iheir members who meet at the Masonie Hall, and donations including from the Reddrtch Masonlc Club. Investment pollcy The charitable company's funds are held in curTrnt and dewsit bank accounts to prOtt the Capital invested. Ttt8 current account balancels regulaty reviewed and transfe lo dep)slt made as appropriale. ReseNes policy Unrestricted reseN8s, comprising gen8ral and deslgnated reserv8s, at the year-end lotalled £92,76212023 £79,401). Free reseNes (that is those unrestricted reserves nol repr8serrted by fixed assets) totalled £50,665 al the year.end12023 £38.9751. The financlal Statements show a designated reserve of £30,0 12023 £30,IXIOI. This i8 a Cyollcal Maintenance ReseNè which the Directors cortsider is necessary lo cover unforeseen and non-rouline maintenance of the building because, ahhough a plan of mainlenance in place the building is old and unforeseen expendrture can arise at any time. It is therefore considered pnjdent to hold a reserve lo covor such an eventuality. The remaining reserves need lo be at least £30,0 to cover Ihe running costs for th8 next 12 months as the maiorty ot the income from the ChariLable )VIt is recelved in arrears al the end of the year. A designated reserve of £6,000 has also been created year to reflect Ihe lund$ ring-fenced by th8 Trustees to award at Its annual Charty Gfft Day. Restrfcted Flèserves Ibeing reseNes whtch are subject to restrith.ons imposed by the donors) totalled £3,948 12023 £7,825). Page S
THE REDDITCH MASONIC CHARrrY (A company Ilmlted by guarantee TRUSTEES, AND DIRECTORS, REPORT For the lor the year ended 31 May 2024 DonatnS PoIY Grants lo other eharrtable bc>dies are usually made in response lo a fornial appeal by Ihe Chanty concerned and usually relale to some special fundraising exercise of a restricted lund nature. In such cIrcumanCeS, the truslees will decide on what SUPPM is to be givèn based on the lrterature fomarded. In the case of individuals or ref8rrals from civil agencies applications are considered based on written applications er(her by the indivKlual, a person wishing to support th8 individual, or th8 agency. The level ol grants made in the year is detennined ty the InMe of the year {in the main donations raised by Fr8emasons and a small amount of investment income) and the level of res8Ne$ required by the trusieos. Each application is ccMsidered on ks merits. A£ a geneol poIY the aim is to help as many personslorganisations as possible but larger graffls will b8 considered rf rt le appropriale, such as to enable a target to b8 mel or to act as a wlmer for matched fundbng. Prfnclpal Rlsks unc•rtalnlle8 The prlnclpal rlsk to the Charity is a decrease in the number of members of the rnasoni¢ orders me8llng at the masonic hall and a subsequent loss in inrne. 11 k8 pleasing to nole however that in spite of a recent Increase in members fees, membershlp numbers have increased and are rThi above the k)ng tem average. R•8pon8lbllltlè8 ol tho Truste•8 and Dlroctor8 The trustees (who are also directors ol The R&ldilch Masonlc Charty for th8 purpose of Charity lawl are responsib* for preparing the Trustees, Annual Report and the financial slalements in accordance with appllcable law and Unrted Kingdom Accounling Siandards (United Kingdom Generally Accepting Accounting Pracli¢el Including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees lo prepaie financial Stsiemenls for each financial year which give a tru6 and fair view of the slat@ of affairs ol the charitable company and of the incoming resources and application of resources, including income and expenditure. of the charitable company for that P8ricMJ. In preparing those financ1 statements, the trustees are requiied to.. Select a suitable accounting policies and then appty them conSistenY. Observe the methods and principles in the applicable Charjties SORP (FRS 102)12019). Make judgements and lMateS that are reasonable and prudent. Prepare the financial statements on the going ncern bask% unless it is inappropriat8 to presume Ihat the charitable company will Continue in operation, State whether appliCae accounting standards have been folkjwed sublect to any malerial departures disclc6ed and explained in thg financial slatements. Page 6
THE REDDrrcH MASONIC CHARITY (A company Ilmlted by guarantso) TRUSTEES. AND DIRECTORS. REPORT For the year endod 31 May 2024 The trustees are r8spon$ible lor k8eping proper a¢counlfing records which disck68 Wtlh reasonable accuracy at any time the ftnancial posrtion of the charitable MpanY and to enable them to ensur8 that the financial statements comply with the Companies Act 26. They ar8 also responsiblè for safeguarding the assets of the charitable company and hence for taking reasonable steps for th8 prwention and det8clion of fraud and other irregulartties. The linancial statements are prepared in accordance bwth thè sp8cial prcNisions (rf Part 15 of the cnpanIeS Act 2006 relating to small companies and in aCrdance with the FinanLyal RewKbng Standard applicable in the UK and Flepubli¢ of Ireland (FAS 102). Approved by the directors on 31st Oclober 2024 and signed on its behall by: S J Sutor Chalr BJHalr Sxr¢tary Page 7
THE FIEDDITCH MASONIC CHARITY (A company Ilmited by guarantee INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF THE REDDrrcH MASONIC CHARrrY I port to the Charty trustees on my examination of the accounts of the company for the yéar ended 31 May 2024 which are set out on pages 9 10 18. R•8pon8lblllt108 and ba818 of report As ihe Charty Irusle85 of the company land ts directors for the purr)ses of rnPany lawl you are responsible for Ihe preparabon of th8 accounts in accordance wrth the requirements of the Companies Acl 20061'lhe 2C Act). Havlno sailsfled myseti that the accounts of the company are not required to be audtt&J under Part 16 of the 2006 Act and ar8 eligible for independeni examination, I report in respect of my èxaminatron of your company's accounts as carried out under sectK)n 145 of Ihe Charities Act 2011 1'lh8 2011 Act'}.In carrying out my examinaiKn I have followed the Directions grven by the Charrty Commlssion under Section 14515llbl ot the 2011 AGt. Ind•pondonl •xamln?r'8 8tstom•nl I have compl8t&J my examlnaiion. I confirm that no mattefs have come to my attention in nneCtIon wr(h the examination giving me cause to b16¥0 that in any mat8nal respecl: a¢Urrtin9 records were not kept In respect of the ¢ompany as required by section 386 of the 2C(J6 Act., or,. the a¢onts do not accord wittt those records,. or the accounts do not comply with the acoountr.ng requirements of SeCtn 396 of the 2006 Act other than any requirement that the accoLbnts give a 'true and fair vvaw, which is not a matter considered as part of an independent examination.. or the accounts have not been w6pared in aCrdance with the methc%J$ and principles of the Ststement ot Recommended Practice for accounting and Teporting by charities applicable to charities preparing their accounts in accordance with the Finan¢ial Reporting Standard applicable in lh8 UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection wrth the examination io which attention should be drawn in Ihis report in order lo enab18 a proper understanding of the accounts to bé reached. Melissa Godwin ACA ACCA The Richards Sandy Partnership Ltd Thorneloe House 25 Barbourne Road Worcester WF11 1RU Dated il-ii. Z4 Page 8
THE REDDrrcH MASONIC CHARrrY (A company Ilrnlted by guarantee) STATEMEiif OF FINANCIAL ACTMTIES Oncorporatlng the Income and expendlture account) For Ihe operntlng year ended 31 May 2024 Unrestrlcted Restrlcted fund8 fund8 2024 Totsl 21)23 Totsl INCOME AND ENDOWMENTS FROM Donatlons, leoac18S, and gffts 13.927 9,335 23.262 19,534 Charitsble actlvhl88 27.328 27.328 23,621 Income from Investm8nts 1.432 1,432 334 Totsl Incomlng r••our¢•8 42.687 9,335 52,022 43,489 EXPENDITURE ON Charltable atrIeS 29.326 13,212 42,538 33,548 Total oxpendltur• 29.326 13,212 42,538 33,548 Not Oou) I profflt lor th• yMr 13.361 13,87n 9,484 9,941 R•¢onclllatlon of fund8 Fund balances al the beginning of the year 79.401 7,825 87.226 77,285 Fund balanc•• at th• ond ol year 92,762 96,710 87,226 The glatement of financial athitties Includes all gains and h)sses in the year. Al Incomlng resources and r8sources expended derive from contlnuing op8ration8. Tho notes on pages 12 to 18 fom part ol ihese finan¢lal statements. Page 9
THE REDDrrcH MASONIC CHARrrY IA company Ilmlted by guarantee) BALANCE SHEET Company NuMber.074921 A8 at 31 May 2024 2024 Note Flxed a8Ut• Fixtures & ftttings Heritage assets 5.521 9,850 6,097 Currnnt a880ts 10,426 Oebto 15,805 10,721 Cash at bank and in hand 77.720 69,581 93,525 80.302 CredStorn: amounts falling due wtthln one year 10 {2,912) 13.502} Not curmnt a88•t8 J.613 76.800 Total a88ot8 la88 1lablllll08 96,710 87,226 Unr08trlct¢d funds G8ngral Dgsignated 11 11 56,762 49.401 92,762 79,401 Rostrlcted fund8 12 7,825 Total funds ,710 87.226 The directors, staternenls required by Section 475 {21 and13} are shtywn on the following page 11 whlth foms part ol this Balance Sheet. Page 10
THE REDDrrcH IAASONIC CHARrrY (A company Ilmlled by guarantso) Balaneo Shè•t Icontlnue AS al 31 May W24 In approving th8se financial ststements as trustees of the MpanY we hereby c4)nfim: a) that for the year ended 31 May 2024 the company was entitl&J to the eXemon wnferred In Secfjon 477 of th8 Companies Act 2006: bl Ihat no notlce has been dewsited at the reglster8d ollk8 of the company wrsuant to Section 476 requestlng that an audr( be nduCt for the year ended 31 May 2024 and cl the trustees acknowledge their responsibilities for.. 11 ensunng that the Company keeps aoUntIng records which I)Mp with Sectkjn 386 and 387. and 21 pr8parSng financial stalom8nts which give a true and lair vi8w ol the state of the affairs of the company as at the end ol the financial period and of rts profit or loss for the periiKI end8d in a)rdance with the requirements of Sections 394 and 395 and which otherwise comply wrth th8 provisKsns of the Companies Act relating to financlal statern8nts, so far as applicable to th8 company. The financ&ql stalements are prepared in accordance with the special provisions of Part 15 of the Compani85 Act 2006 rèlatlng lo small companies and in aco)rdanc8 with FRS 102 and the Charfties SORP IFRS 1021120191. Th8 Ilnanclal statements wer8 approved ty Ihe Board on 31st October 2024 and signed on behalf by.. S J Sutor Chalr A W Walker Dlroctor Page 11
THE REDDrrcH MASONIC CHARI cornpany lirnit8d by guarantee) NOTES TO THE FINANCIAL STATEMENTS lor the op•ratlng year ended 31 May 2024 Staivtory Inforn)atlon The company is a prwate company registered in England & Wales and i8 limlled by guarantee and does not have a share capital. Chartty Commission Flegistrafy'on Number 19 1140138. Every member ol the Company undertakes to conlribute to the assets ol the company in the ev8nt of its b8ing wound up while he is a momber, or wrthin one year aft he ¢8ases io b8 a membei. for payment of the debts and liabilities of the company contracted beforg he ceases to be a member, and the ¢05ts, charg8s, and expenses of winding up, and lor the adjustment of th8 rights of the contribulories among thernsees such amount as may be required. not exceeding £1. Accountlng polklos The following accounting pdicies have been appli1 conskstentty in deIng with items whlch are considered material In relation to Ihe financial statements. Ba818 ol pr•parallon The ffinanclal ststements of the chantable company, which is a public benefit gnlity under FFIS 102 have been prepared in accordance wrth the Charities SORP IFRS102} 120191 Accounting and Reporting by Charlties.. Stslemeni of Flecommended Practice applicable lo Charrtie$ preparing their accounts in accordance wrth the Flnancial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102lleffectNo 1 January 20191.Financial Rep)rting Stsndaid 102 -The Financial RetM)rting Standard applicable in the UK and Republic of Ireland and the Companles Acl 2(K6. These flnanclal statements have been prepared under the hkstorical c08t convenllon. The a¢trnts ar8 prepared In sterling, which the lunctional currency of the Charty. Monetary amounts In these flnancial Slalements a rounded to the neares1 E. Under the Charilies SORP IFRS 102112019). there is no requirement for the charitable wmpany lo pr8par8 a cash flow sta18ment on the gn)unds that rt is 8 large Charrty. Re8trlct8d funds estrlcted fvnds represent donations which are suty'ect to restriction8 on their expenditure impased by the donor through thè terms of an appeal. Unrestrlcted funds and deslgnated lunds Unrestricted funds repres8M funds that are expendable at the discretion of the Board in Ihe furtherance of the objects ol Ihe Charlty. Such fijnds may be held to finan l)Olh working capital and capital investment. Designated fvnds are those funds which are unrestricted in nature, tMJI which have been degignatgj by the Board to be used in a particular manner. Incomlng resources All incoming resources are included in the Statement of Financial Activr(ies when the Charrtab company is entrtled to the in(x)me and the amount can be quantthed with reasonab a¢¢uraGy. The followin9 specific policies are applied to particular categories of income. Page 12
THE REDDrrcH MASONIC CHARITY (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS for the operallng year end•d 31 Mty 2024 Voluntary income by way of grants linclLKling govemment grants in relation to Covid 191, donations and oifts Ls included in full in the Stsiement of Financ1 ActNitie$ when re¢ewable. Grants where 8ntitlemenl is nol condrtional on Ihe delwery ol a specthc performance by the charltable rnPany ar8 recognisgd when rt becomes uncondilionalty 8nlttled to the grant. Donated semces and laciltties are included at th8 vu8 to the Charty where this can be quanlified. The value ol Serv88 provid&J by volunteers has not been included in these accounts in line wrth the SORP IFRS 1021. Re$Te•S •xwnded Expenditure is recognised on an accruaL8 basis as a liabilty is incurred. Charttabl8 expendrture comprlses th08e t#)sts inwrred by the charftabl& c¢)mpany in the delivery of rts activitles and seNices for its b8neficiarie$. Governance costs include Ihose cthts associated wilh meeting the c(msthutional and statutory requirements of the charitable company and Include audbt fees and costs linked to the strategic managem8nt ot the charrtable company. All costs are allocated between the expenditure categones of the Stat8ment of Financial ActNities on a basis designed to reflect the use of iho resour. Costs relab.ng to a parts'cular actNty comprise both costs that can be allocaled directly to such actNrti88 and those costs of an indirect nature necessary to support them. Tanglbl• flx•d •••018 and d•pr•elatlon Tangibl8 fSxed as8ets are 8tated ai c08t le&8 depreciallon. D8preclation 18 provlded at rate8 Calculated to write off the cost of fixed assets, less their estimatsd residual value, over their expected usèfijl INes on the fdlowing bas85: Fixture$ and equipment - 20% straight line Herltage A88•ts Herrtage collection assets hehj by the Charrtable Company are capitali8ed In the balance sheel unless rgliable informatR?n about cost is unavailable or where there wouhj be SIgn¢an1 costs Invofved 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 ac4ulsitK)ns. Herttage Collection assets are not depreciated sin¢0 their king lile and high residual values, supported by the congeNation aotivities of the charitable company, mean thal any depreoation would be imma18rial. is the view of the Board thal the cost of obiaining a valuation of rtems already held or donaled during Ihe year is likely to be significant and would outweigh the benefits of undertaking such an exercise and, inconsequence, these items are not capitalised. Page 13
THE REDDITCH MASONIC CHARrrY (A company Ilmlted by guarantee NOTES TO THE FINANCIAL STATEMEKrs For the owratlng year end•d 31 May 2024 Flnanclal In8lrumonts The Charty has elected to apply the provIsnS ol S8Cth)n 11 '8asic Financial Instruments. and Sethion 12 '01her Flnancial Instruments Issu8s of FRS 102 to all of its financial instruments. Financial instruments arè recognlsed when ihe Charity becomes paty to contractual provisions of the instrument. Financial assets are offset. wrth the n81 amounts presented in the accounts where there 1$ a legally enforceable right to set off lh& recognised amounts and there is an Ini8niion to settle on a net bas or to realise the asset and Settle th8 liabilty Simuifaneousty. Baslc flnan¢lo1 Instrumonls Baslc linancial instruments are inrtially recogni5 at transacOn price and subsequently carried at amortised cost using ihe effective int8rest methcKI. Dorncognltlon ol flnanclal agsets Flnanclal assets are derecognised onty when the ntraCtual rights to the c46h flows trom th@ asset expir8 or are settled. D•rèeognltlon ol flnanclal IlabllHI•• Financlal liabllities are derecognise(J when th8 Charty's LX*ntrathual obligations expire or are discharged or cancelled. Tru8t••8 R•munerallon and other boMIIt Th8 trustees did nol rec&Ne any remuneratson or any benefil durlng the year, nor were any expenses reimbursed.12023 Nil) The Charrty did not undertake any Iransaction in which a trustee or oJnne¢ted person had a material inter85t. Donallon8 Legacle8 & Glfts Consist of, 2024 2023 Reslricled 9.335 Unrestrici6d 11,919 Unrestricted 9,589 Donations Glft Aid 8,647 Page 14
THE REDDrrcH MASONIC CHARrrY (A company limlted by guarantee) NOTES TO THE FINANCIAL STATEMEKrs For tho 0ratIng yoar ended 31 klay W24 Income from Chartlablo Actlvltles 2024 2023 Charges lo Masonic Orders and other users ol the Charty's wemises Masonic Grarrts 25,828 23,621 Chwltsble Actfvllle8 These costs relate lo the upkeep. maintenance and running exp8nses of the Charity's premises together wlth donations and orants made. Charltabl• a¢tlvltl•• •xp•ndltur• R••trlct•d Unre¥trl¢t•d Ro•trlclod Unrestrld•d 2W24 2024 2023 t)onattons to Charrtable institutions Light and h8at Rates and watsr Telephone Insurance Cleaning Repalrs and renewals Depreclallon Examlnallon fee Sundry expenses 13,212 2,052 3,959 4,162 854 3,827 3,307 5,741 4,329 750 10,168 314 3,584 137 699 3,555 5,757 3.871 4,395 714 Donatlons conslst ol- Grants of £500 and below lo Charities 12 12023 181 Masonlc Charltable Foundation Dlsabllty Support Project Prlmrose Hosplce Touchstones Emity Jordan Foundation Acorns Childron s Hospice Greyhound Trusl MarJJlar Society Reddrtch 1* rèspondérs Isaac5 Foed Bank Balchley Support Group 2.817 1,502 1,998 1,469 1,790 2,052 4,568 3,080 314 694 1,221 605 1,472 750 784 212 14 Further dgtaiL% conceming donations to inststutKsns can be f(xJnd in the Trustees R8POrt on page 5. Page 15
THE REDDITCH MASONIC CHARI (A company lirnlted by guarantO0) NOTES TO THE FINANCIAL STATEMEirrs For tho op•ratlng year ended 31 May 2024 Avornge numbei of employees The avgrage number ol employees during the year was Nil12023 Nill- Tanglble Flx•d A88et8 Co•t Ai 31 May 2023 Additions A131 May 2024 Flxtur•• & FIWng• H•rltsgo Ats Tolal 48.068 576 48,644 Dèprnclatlon Al 31 May 2023 PTov#Yed for year Al 31 May 2024 38.218 38,218 42 Not book valu• at 31 Mty 2Q24 N•t book valu• at 31 May 21 The cost of the H&ritage Assets has not changed over ihe last fNe years. D•blor• 2024 23 User charges receNable Loan DonalDns 9.055 5(KJ 4.221 500 10 Credltor• Examinalion fee Sundry accrual$ and deferred income 800 800 Delerred income of £533 relates to incom8 INed during the current year reLgting to fvture periods 12023 £533). Page 16
THE REDDrrcH MASONIC CHARrrY {A company 11m1t by guarantso) NOTES TO THE FINANCIAL STATEMENTS For the oporallng year ended 31 May 2024 11 Movemont In Funds Balance al 31 May 2023 Incomlng Re80urce8 Balancè at Resources expended Tran8l0r8 31 May 2024 D•slgnated fund8 Contingency Fund Charty Grants Day Fund 6.CQO 6.CwJO Qonoral fund8 49.401 42.687 129,326) 16,CQO) 56,762 R••lrlct•d lund8 7,825 9.335 113,212) 3,948 87,226 52.022 142,538) 96,710 Comparatlv•8 for mov•m•nt In fund• Balance at 31 May 2022 Incomlng Ro8ourcè8 Tran81•rn Balance at Ro8ourc•8 w)ènd•d 31 May 223 O•$lgn8t•d fund# Conllngency tund 10.0(KI 20,000 30,000 G8neral funds 59,237 40,922 {30,7581 120,fJXI) 49,401 R88tricled funds 8,048 9,945 {10,1681 7,825 77.285 50,867 140,926) 87.226 The purpo88 of the Deslonated fijnds is noted in the Trustees report. 12 Re8trlcted Funds Restred funds relate io donaOn Inco collected from members ol Masonic Orders lor the specific purwsg of ftjnding donab'ons by Ihe Chanty to specrfic institutions. As no single collection is signth'cant in the context of these accounts, no fvrthw anatysls i8 gen. Page 17
THE REDDITCH IAASONIC CHARrrY (A ¢ompany limit•d by guarantso) NOTES TO THE FINANCIAL STATEMEpirs For th• operatlng year endod 31 May 2024 13 Analy818 of net a88ets betw••n lund8 Fund balances as at 31 May 2024 nT Tangibl? fixed assets Cash at bank Deblors Credrtors 6,097 73,772 15,805 6,097 77,720 15,805 3,948 92,762 3,948 96,710 14 Op•ratlng lease On 7 November 2023 the Chatity entered into a 25-y8ar lease of premk8es al Easemre Road, Reddttch tor which It pays a peppercom rent. 15 Caplt81 commltments There were no c8pilal commrtments al the year ar. Rolatod Partl•8 All the Director Trustees are Membe of ono or more Masonic Orders which pay user charg8S to th8 charitable company for the use of the premises leased by it. Trustees made unr8*ricted donalions to the Charty totalling £1.799.12023 £634). 18 Page 18