THE REDDrrcH MASONIC CHARrrY (A company Ilmlted by guaranteo) TRUSTEES, AND DIRECTORS. REPORT AND FINANCIAL STATEMENTS FOR THE YEAA ENDED 31 MAY 2025 Company No: 07492091 Chwlty No: 1140138
THE REDDITCH MASONIC CHARrrY {A company Ilmlted by guarantw) CONTENTS Pag? Tru8t•O8' and Dlrector•' Report Indepond•nt Examln•Vs Report Statomont of Flnancl81 Actlvltl•• Balance Sho•t 10-11 Not•8 lomilng part of FInClaI Stat•m•nt• 12-18
THE REDDrrcH klASONIC CHARITY (A company limited by guarantoo) TRUSTEES, AND DIRECTORS, REPORT For the year ended 31 May 2025 The trustses who are also directors of the Chartty for th8 pufFM)S8s of the Companies Act 2006 present their rewrt with the financial ststements of the Charty for the year ended 31 May 2025.The tnjstees hav8 adopted the provisions of Accounling and Reporting ty Charities.. Stsiemenl of Recommended Practice applicable to charities preparing thèir accounts in accordance wilh the Financ1 Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019}- Referonco and AdMlnl8tratI Inforniatton Charlty namo The Reddltch Masonlc Chadty Charlty Reg18tratlon Nufflb•r 1140138 Company numbor 07492091 Ilnwrporat8d in England and Wal881 R•gl¥t•red offlc• 21 Easemore Aoad Reddf(ch Worc8St8rshire B98 8ER Tru8t0•8 S J Sutor- Chair BJHair A W Walker S Beckett K Childress S Walker R Bennett G Cardy P Buck M Harris K Roberts L Francis M Semens A Langley (Deceased 17 November 20241 Independent Examln•rs The Richards Sandy Partnership Thorneloe House 25 Barbourne Road Worcester WR1 1 RU Bonk HSBC plc 275 Stratford Road Shirfey Solihull Socretary BJHair Page 1
THE REDDifcH MASONIC CHARITY (A company Ilmlled by guarantee) TRUSTEES, AND DIRECTORS, REPORT For the year ended 31 May 2025 Structurn, Gov•manco and Management Governing Document The charitsble company Is limlted by guarantee wrth no share capital. It Is governed by its Memorandum and Articles of As50ciaticN). The charitable company was incorporated on 13 January 2011 and was r8gtsi8red as a Charty on 1 February 2011. R8crurfm8nt andAppointm8nt of Dlrectors The Fledditch Masonic Chanty has a Board of Direclors consistlng of 4 NominalNe Directors appointed by thè subscn'bing members of Seymour Lc¥Jge No 2841. Ipsley Lodge No. 6491, Bordesley Abb8y Lodge No. 4495, and Forge Mill Lodge No. 9658 together wrth rt more than 11 other directors. The Board meets quarterty and is responsible for the strategic direc*on and psicy of the Charty. Al present the 8oard has 13 mambers trom a vanety ol professnal bad(grwndg relevant to the work of the Charity. The Dlr8ctor8 ol the charitable company who seNed during Ihe p8ru)J and up to Ihe date of thls report are sel out b810w'. S J Sutor - Chair B J Hair- Secretary A W Walker . Treasurer S Beckett K Childress S Walker R Bennett G Cardy P Buck M Harris K Roberts L Francis M Semens A Langley (Deceased 17 November 20241 S Sutor, S Walker and S Beckett retired by rolation and being eligible offered themsefves for re-election and at Ihe AGM and were reappointed to the Board. Clause 55 of the Articles of A8xxiath)n provKle th8 directThs wilh third Fwty irKJemnty trni8ions. Trus18e inductton and training New Board members receive an induction into the work and finances of the Charty and a welcome from lh8 Chair on appointment. Page 2
THE REDDrrcH MASONIC CHARrrY (A company limlted by guarantee) TRUSTEES. AND DIRECTORS. REPORT For the year •nd•d 31 May 2025 Risk manag8m8nt The financial assets ol the chartsble company arè inv8Sted in bank tsjrrent and deposit accourrts. The Board is of the view that the current investm8ni profile has a minimal risk for the charrtable company. The Directors cx)nsider other rlsks associated with the charrtable company and ensure that there is an adequale control environment io mitigate them Ihrough the practice of fi're and hearth and saf8ty risk assessment and monitoring. Financial protocols have been esIablh8d, and insuranc8 polici8s are held to protect the Charity's assets and users of the Charty's facilitses. Org8nisational Structure The day-to-day management of acvr[leS is SupeIs8d by various members of thè Board. In addition, the charitable company is supwrted In Its Work by volunteers who are members of the various masonic orders whlch meet at the Masonic Hall. OblKtlve8 and Actlvltl•8 The Charty's purposes as s&t out in the obj'ects contained in the company's memorandum of associal)n are.. 111 For the public benefft to preserve and maintaining th8 Struclur& and fabric of Ihe Masonlc Hall. 21 Eas8rnore Road, Reddttch. Worcestershire. 121 To advance the education of the public in the princlples of Freefflascry In particular. but not 8xclusively. by the establishment ol a Masonic Herrtage Centre. 131 To make grants and donations to indwKluals, organisations, and other charrti8s for the publlc benef4t lo relieve povety, sickness, flnancial hardship. and social exclusion. Publlc benefft The Board has referred to the advice contained in the Charity Commission's general guidance on publi benefit when Teviewing Ihe ¢harilable company's aims and objectives and in planning ils future activilies. In particular the 8oard considers how planned activities will contribute to Ihe aims and objectives rt has set. Achievements and Perfom7anc8 (i) For the public benefft to preserve 8nd m8intain the structure 8nLI fabr of the mason Hall, 21 Easemor8 Road, R6dditch, WorcestershKe The Masonlc Hall. 21 Easemre Road, Redditc*, was constDJCted in 1908 by John Johnson and was fom)erly Occupied as a Unionist Club. Although the building is quite plain and severe in design it has been little attered and forms a good group wrth the adjacent Baptist Church and Sunday School whKh are conlemporary in dale and built ot similar maleria15. The building is inc4uded in a schedule of tlIdIn$ of local interest compiled by Ihe Reddtlch &yough Council. Page 3
TrIE REDDrrcH MASONIC CHARITY {A company limited by guarant¢o) TrUSTEES' AND DIRECTORS. REPORT For tho year endod 31 May 2025 A 5-year plan lo relurbish the Masonic Hall was completed in 2023 wtth all work being carried out In a style commensurate wtth the age of the building. Ongoing maintenance and repairs ar8 Carl wt as and when neSSary. During the year to 31 May 2025. 70 Masonic meelings were held attended coll8Ctivety by over 2.400 rsons. The Hall has also been used through¢>Jt the period by a nUmtrT of community groups for meetlngs etc. In addition, the car park ha8 been used by guests attending weddings at the adjacenl Registry Office. 21 To advanc8 th8 education of the public In th8 iylncw of Fr6em8sonry p8rtKular, but not exclusfv8ty. by th8 establishment ola Masonic H8ri18ge Centre. Facllltl08 The Heritage Centre now ha$ an enviabl8 cx)IleclHM of masonic artefacls on dlsplay, both in the museum room as w811 88 in Ihe bar and other public areas. They Comprise of masonlc jewels, regalia, pottery, glassware, and silverware togeth8r with a considerabl8 number of bcoks and iecords relating to Femas0nry arKI the hi$lory of the Masoni¢ Provinces of Worcestershire and Warwickshire. Many of th8 artefacts are on p8rman8nl loan Irom Ihe Warwiekshire Provinc1 Library and Museum IWPLMI and the Worcestershire Masonic Museum and we are grateful for their SUPFQrt. Th8$8 art8lacts ar& ol considerable lirrepla¢eablel value and are ot signilfjcant inteiest not onty to Freemasons but also to Ihe g8neral public. Acqu181tlons Addilions to the collecrions Continued to b& made in the year through generous donatknis from Freemason8 and their lamilies for which the Board is most grateful. Gukle The 'Guide to the Heritage Centre and its Artefacts" is Upda on a regular bas to reflect addr(ions to the colle¢tion and changes to Ihe dlsplay8. Ralslng awaren•s8 ol the ¢ollectlon8 The museum has t*en open at each masonic me8ting held at th8 Herttage Centre and ¢2300 persons have had the opportunty to view rt5 conlents. In addit#)n. others have had the same opportunty when the Centre has been open to the public. Web Slt• Chjr web srte is currently under reconstruthon and will be made available to members of the publi¢ as soon as the redesign has been completed. The web srte will contain details of our Heritage Cenlre together wf(h a brief history of Freemasonry in Redditch and news ttems. Pag• 4
THE REDDrrcH MASONIC CHARrrY (A company limlied by gu¥ranto8) TRUSTEES. AND DIRECTORS, REPORT For the for the year ended 31 May 2025 3) To mak8 grants and donations to indNk*u8ls. organisath)ns, and other charrfies for th8 publK benefit ro relieve wv8ty. 8kne&s. financial hardshp. and socialexcknslon. A Charitable donatlons sub-committee has been esiablished which examines applTrcatns for grants and donations and makes recommendations to the 8oard. During the year, Ihe Charity has made grants and donations totalling £48,62312024 £15,2641- Emphasis has been on supporting organisations and charitie5 local to the aa in which we operate. Represenlatwes of the Local Charrties which receive a donation ar8 invrted to an afternoon tea lo receive cheques and Ihis is reported in the local newspapers which in turn helps lo raise awareness ol our Charity. In add[tn. donations have been made to Masoni¢ Charitses whi¢h In lum support many worthy causes, both at a local and national level. Future plon8 11 is our intention durlng the forthcoming 12 monlhs to build on achievemènts lo date and to bjrther advertlse our exlstence tr) the general public. by news reports. open days, and increased use of our facilities by the public. We will continue lo maintain the building to 8 high standard and atthough our r6furbishment programme ts complete, we will, where considered appropriate further improve facilrties for those masonic orders and olher communty groups which rent lh8 premkses from the Charty. FSnanclal Revl•w Principal Funding Sources The principal Sources of funds of the charitable company w8re casual rerrts, capitstion and olher fees from the various masonic orders and their members who meel at the Masonic Hall, and donatlons including from the Redditch Masonic Club. Investm8ntKK)licy The charitable company's funds are held in current and deposit bank accounts lo protect the capital Invested. The current account balance is regularty reviewed and transfers to deposit made as appropriate. ReSenS policy Unrestricled reserves, comprfsing general and designated reserves, at th& year-end total1 £103,76712024 £92,762). Free reserves Ilhat ss those unreslrict8d reserves not represent by fixed ass8ts1 totalled £70.932 al the y8ar-end12024 £50.6651. The financial Ststements show a designated reserve of £50,OCQ (2024 £30,0001. This is a Cyclical Maintenance Reserve which the Directors consider is necessary to cover unforeseen and non-routin8 maintenance of the bvilding because, athough a plan of maintenance is in place the building is old and unforeseen expendrture can arise at any time. It is therelore considered prudent to hold a reserve to Gover such an eventualty. The remaining reserves need to be al least £30,000 to c¥)ver the running costs for the next 12 months as the malorty of the income from the Charrtable Activttses is receNed in arrears at the end of ihe year. Flestricted Fleserves {being reserves which are subject to restrictwjns imp)sed ty the donors) lotalled £2,033 12024 £3,9481. Page 5
THE REDDrrcH MASONIC CHARrrY {A company Ilmlted by guararrto0) TRUSTEES. AND DIRECTORS. REPORT For the lor the year ended 31 May 2025 Don8tions Policy Grants to other charitable bodi8s are usualty made in response to a formal appèal by the Charty Concerned and usually relate to som8 special fvndraising exercise of a restn.cted fund nature. In such circumstances, the trustees will decide on what support is to be given based on the literature fotwarded. In the case of individuals or referrals from CNII agenc applications are considered based on wntten applICatn8 eith8r by the Individual, a person wishing to $upwrt the IndNidual, or thè agen¢y. The18vel ol grants made in the year is determined by the inc4)me of ihe year lin the main donauons ralsed by Fre8masons and a small amount of investment income) and the level of reserves required by th8 trustees. Each application is CLMsidered on ts merts. As a general wlicy the aim is to help as many personslorganisations as possible bul larger grants will be oonsidered rf rt tell appropriaie, such as lo enable a larg81 to be met or to act as a primer tor matched lunding. Prlnclpal Rl8k8 and uncertalntl•• The principal risk to the Charty is a decrease in the number of m8mbers of the masonic orders meeting al the masonic hall and a subsequent loss in income. It eaSIng lo note however thai in spite of a rgcenl ncrease in members fees, membership numbers have Ine&s8d and are now above the long ierm average. Rè8pon8lbllltlè# of tho Tru81898 and Dlrgdor8 The trustees (who ar8 also directors of The R&Jdilch Masonic Charity for the purpose of Charity lawl are responsible for preparing the Trustees, Annual Report aTrJ the financial stslements in a¢¢ordance with applicable law and United 'ngdoM Accounting Standards (United Kingdom Generally Accepts'ng A¢¢ounling Practice) in¢luding FRS 102 The Financ41 ReF4Jrting Slandard appIable in the UK and Republi¢ of Ireland Company law requires the trustees to prepare financial staiements for each financial year which give a true and lair view of the stste of alfairs of the charrtablg company and of the incoming resouices and application of resources, including income and expenditure. of the charhable company for that TiO. In preparing those financial stslem8nts, the trustees are required to.. Sglect surtable accounting Folicles and then apply them consi8tenty. Observe the methods and principles in the applicable Charities SORP IFRS 1021120191- Make judgements and estimates that are reasonable and prudent. Prepare the financial statements on the going concem basis unless it is inappropriate lo presume Ihat the charitable company will contt.nue in operalb)n. Slate whether applicable accounting standards have been followed subleth io any mterial departures disclosed and explained in the financkql statements. Page 6
THE FIEDDrrcH MASONIC CHARrrY (A company Ilmlted by guarantee) TRUSTEES. AND DIRECTORS, REPORT For the year ended 31 May 2025 The trust8es are responsible for keèping proper accounling records which disclose wrth reasonable accuracy at any time the financial posrtion of the charitable company and to enable them lo ensure ihai Ihe financial statements comply with the Companios Act 2006. They ar8 also reswnsible for safeguarding the assets of the charrtable company and hence for taking reasonable stsps for the prevention and detection of fraud and other irregularrt18S. The financial stalements are prepared in aecordance with the special provisths of Part 15 of the Companiès Act 2006 relating to small companies and in accordance wilh the FinanL>al Reporting Standard applicable in the UK and R8public of Ireland IFRS 102). Approved by the direc*ors on Septsmb8r 2025 and signed on its behatl by: S J Sutor Chalr BJHalr S•er•tsry Page 7
THE REDDrrcH MASONIC CHARftY (A rnpanY Ilmlled by guaranto•) INDEPENDEpif EXAMINER'S REPORT TO THE MEMBERS OF THE REDDITCH MASONIC CHARITY l leport to the Charty tnjstees on my examinatK)n of the acc¥JJrrts of the company for the year ended 31 May 2025 which ale set out on pages 9 to 18. R08pon81bllltlo8 and bas18 ol rnp(xt As the Charity trustees of the company {and its directors fot the purwses of rnPany lawl you ar& responsible lor ih8 preparation of th8 accounts in accordance with the requiremerrts ol the Companles Act 21)061'the 2006 Act). Havlng sai18d myself that the accounts of the company are not requlred to b6 audited under Part 16 01 the 2006 Act and are eligible for independent examination, I rewt in respect of my examinabon of your company's accounts as carried out under $8th"on 145 of the Charibes Ath 2011 1.the 2011 Act'l.In carrying out my examination I have followed the DirenS given by tho Charity Commlsslon under seth'on 14515llb) of the 2011 Act. Independont examln•r'8 8tat0ment I have compl8led my examination. I confimi that no matters have come to my attenikjn In conn8CtKJn with the examination giving m8 cause to believe that In any mateiial respe¢l.' accounting records were not k8pI In f&spect ot th& cimnpany as required by 88don 386 of the 2C(J6 Act,. or. the accounts do not accord wrth those records.. or the accounts do not compty wrth the accounting requlrements of Sol0n 396 of the 2006 Act other than any requirement that the accounts 9ive a 'true and fair vw/ which is not a matter ¢on5idered as part of an independent examination.. ¢y the accounts have not been pr8pared in accordance wrlti Ihe methods and principles of the Stalem8rrt of Recommended Practice for accounbng and reporting by charrties applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no wncerns and have cxjme across no other matters in connection with the examination to which attentron should be drawn in this reF()rt in order lo &rle a proper understanding of the accounts to be reached. Melissa Godwin ACA ACCA The Richards Sandy Partnership Ltd Thorneloe Hryjse 25 Barbourne Road Worcester WRI 1RU Daled Zl. l¥.ZQlS . Pag• 8
THE REDDtrcH MASONIC CHARrr (A CoMpY Ilmlted by guarantee) STATEMEprf OF FINANCIAL ACTivmES Oncorporatlng the Income expendlture account) For the operaung year ended 31 May 2025 Unregtrfcted Restrlct•d funds ftmd8 2025 Tolal 2024 Total Nole INCOME AND ENDOWMEKfs FROM Donations. lega¢ies. and gifts 17,312 33,208 SO,5) 23,262 Charrtable acte3 29,638 29,638 27,328 Incom8 from Inveglments 2,163 2,163 1,432 Tot81 Incomlng ro8ource• 49,113 33,208 82,321 52,022 EXPENDITURE ON Charrtab18 actNr(ie8 38.108 35.123 73.231 42,538 Total expondFlur• 38,108 35,123 73,231 42,538 Net 0080) I proflt for th• y•ar 11.005 11,9151 9,484 R•conclllatlon of fund8 Fund balances at the beglnnlng of the year 92,762 3,948 96,710 87.226 Fund balan¢e8 al tho ond ol yw 103,767 2,033 105.8 96,710 The statement of ffnancial activitles includes all galns and Ke5 in ihe year. Al incoming resources and resources expended derw8 from continuing operations. The notes on pages 12 to 18 form part of these financial ststements. Pago 9
THE REDDITCH MASONIC CHARITY (A company Ilmlted by guarante¢l BALANCE SHEET Company Number:07492091 As at 31 May 2025 2(125 Not• Flx•d 888•ts Fixtur88 & fitting5 Heritage assets 2.259 57 2.835 5,521 Current a•8¢t8 6.097 Debtors 7.852 15,805 Cash at bank and In hand 97,066 77,720 104.918 Crodllor8: amounls falling due wthin one year 93,525 10 (1.9531 12,9121 Not current a81¢18 102,965 ),613 Total 088Ot81•$8 Ilablllll08 105,8Tr1 96,710 Re8•rvoi Unr•strlcled fund8 General Desnated $3.767 50.oc 56,762 36,000 103,767 92,762 Re8trlctod fund# 12 2,033 Tolal funds 105.800 96.710 The directors, statements required by Section 475 {21 and (3) are shown on the following page 11 which forms part of this Balance Sheet. Page 10
THE REDDrrcH MASONIC CHARrrY {A company Ilmlted by guarantee Balance She•t {ntInU•d) As at 31 May 2025 In approving these financial ststements as trustees of the company we hereby confim.. al thai for the year ended 31 May 2025 the company was enttil&J to the exemption conferred in Section 477 of the Companies Act 2006.. b} that no notice has been de$VIed at the registered office of the company pursuant to Section 476 r8qU8Sting that an avdrt be conducted for the year end 31 May 2025 and ¢1 the tN5te8s acknowledge their responsibilities ft>r: 11 ensunng that the company keeps aCCCnI1n9 reLX)rds which comply with Section 386 and 387. and 21 preparing financial statements which glve a true and fair view of the stsle of the affairs of the company as al the 8nd of the financial period and of rts profil or loss for the period ended in acojrdance with Ihg requirements of Sections 394 and 395 and which olherwis8 compty with the provish)ns of the Companies Act relating to thnancial stslements, so tar as applicable to the company. The financial slatements are prepared in accordance witti the special provisions of Part 15 of the Companies Act 2006 reLqling to small companies and in ac¢ordanc6 wrth FRS 102 and the Charitses SORP IFRS 102)120191. The financlal ststements were approved by the Board on 10th S8Ptemb8r 2025 and Signed on ts behatf by.. S J Sutor Chalr A W Walker Dlrector Page 11
THE REDDITCH MASONIC CHARITY (A company limtted by guarantee) NOTES TO THE FINANCIAL STATEMENTS ft>r the operatlng year ended 31 May 21r25 Statutory Informatlon The company is a private company regtered in EnglaThJ & Wales and is Ilmited by guarantee and does not have a share capttal. Chanty CoMmissn AegistratK)n Number is 1140138. Every member of Ihe 0)mpany undertakes to contribute to the assets of the company in the event of its being wound up while he a member. or within one year after he ceases lo be a member. for payment of the debts and liabilities of the company contracted before he ceases lo be a member, and the costs. Gharggs, and expenses of winding up, and lor the adjustment of the nghts of the contribLrtories among themsefves such amwnt as may be required, not exceeding £1. Accounllng pollcl The following accounting polici8s have been applied consisl8ntly in deallng with items which are conSded material in relation lo the financial ststements. Basls of prepaiatlon The financial stslements ol the charitabl8 company, which is a public ben8frt entsty under FRS 102 have been prepared in accordance wrth the Chaillies SORP IFRS1021120191 Accounting and Reporting by Charllles.. Statement of Recommended Practice appli¢able io Charities preparlng their accounts in accordance wrth th8 FInancl Reporting Stsndard applicable in the UK and Rèpublic of Ir8land IFRS 102lleffective 1 January 20191,Financial Rewrting Stsndard 102 'The Financial Reporting Slandard applicable in the UK and Republic of Ireland and the Companies Act 2006. Thesè flnanclal statements have be8n prepared under the hi8torical o)st conventky). The accounts are prepared in sterling, which Is the funclKJnal currency of the Charity. Monetary amounts in these linanclal atefflents are round8d to the nearest £. Und8T the Charities SORP {FRS 1021120191, there is no requirement foT Ihe chari&ble company lo prepare a cash flow ststement on the ground$ that rt is not a large Charity. Restrlct•d funds Restricted funds represenl donation$ bthich are subi8Ct to restrictions on their &xpendrture Imwsed by the donor through the iems of an appeal. Unrestrlctad fund8 and deslgnaled lund$ Unrestricted funds rreSent funds that a expendable at the discretlon of the Board in the furtherance of the obj8cts of the Charity. Such lunds may be held to finance both working caprtal and capital investment. Designated funds are those funds which are unrestricted in natu. but which have be8n designated by ihe Board to be used in a parti0jr manner. In¢omlng rn80urcos All incoming resour$ are included in the Staiement of Financi81 ActNities when the charitable company is entitted to Ihe income, and the amount can be quanttFigJ with reasonable acracY. The following spe¢th policies are applied to particular categories of income. Page 12
THE REDDITCH MASONIC CHARrrY (A company Ilmlted by guarantsè) NOTES TO THE FINANCIAL STATEMENTS lor th• op•ratlng year ended 31 May 2025 Voluntary income by way ol grants linduding govemment grants in relation to Covid 19), donations and grfts is included in fijll in the Staiemenl of Financ1 ActNities when receivable. Grants where entitlement is not condf(ional on the delivery of a specffic pertomwnce by the chanlable o)mpany are re¢ognL8ed when it becomes uncondrtionalty 6ntttled lo the grant. [jonat services and facilittes are included * the value lo the Charty where this can be quantified, The value of services provided by volunteers has not been included in these accounts in lino with Ihe SORP IFRS 1021. Re80urc•s •xpend¢d Expendftur8 is recognised on an accruab bask% as a liabilty is incurred. Chartsble exp8nditur8 comprises those costs incurred by the charitable company in the delivery of its activrties and servlces lor ben8ficiari88. Governance costs Include those costs assoclated with meeling the nStItutI)nal and StstOry requirements of the charrtabl8 company and include audrt fees and costs linked to the strategic management of the charitable company. All costs arg allocated bthveen the 8xpenditure categothes of the Statement of Financlal Actwltl8s on a basls designed to reflect the use of the resour. Costs relaiing io a particular activty COrnPTise b)th costs that can be allocaled directly to such actfvthes and Ihose costs of an indirect natur8 n8ce888ry to 8UPPOrt them. Tanglble fixed at* and d•prKlallon Tangible fixed assets are stated at cost less depreciallon. Depredalion is provided at rales calculated to write off the LJJSt of fixed assets. less their estimated r89idual Value, over their expected usefvl Ilves on the following bases: Fixtures and equipment - 20% straight line Herltage A88ets Herrtage collection assèts held by the Charrrable Company are capitali8ed in the balance sheet unless reliable information abcxjt cost is unavailable or where there would be significanl costs involved in obtaining a valualion. Ilems purchased during ihg year ale shown at note 8 to the accounts and the charrtable company maintains a register of all acqUisTtn5. Herrtage Collection assets are not depreciated since Ih8ir long Itfe and high residual values, supported by th8 conservation activities of the charrtable company. mean Ihat any depiecsation would be immatarial. It is the view ol the Board that tho eost of obtaining a valuation of rtems already held or donated during the year is likety to be signrficant and would OUe1gh the benefits of undertaking such an exercise and, InnSequen, these rtems ar8 not Capitalised. Page 13
THE REDDThCH MASONIC CHARrrY IA company Ilmlted by guwante•) NOTES TO THE FINANCIAL STATEMEKrs For the operatlng year onded 31 May Flnanclol Instruments The Charty has elected to apply the provisions of seCtn 11 'Basi¢ Financial Instruments. and Sgcllon 12 '0ther Financial Instruments Issues. of FRS 102 to all ot its financial instnjments. Financial instruments ar& recognk8ed when the Charty bewm8s paty to contractual provisions of the instrument. Financial assets are offset, with the net amounts presenled in the accounts where there is a legal enforceable rlght to set off the recogn¢sed amounts and there is an intention lo settle on a n81 bas or to realise th8 asset and settle the IHbility simuttan8$ty. Basle Ilnanclal In8trum•nt• Basic linancial instruments are inrtially recognised at transaction price and subsequentty cathed ai amorts'sed cost using the elfective inierest methc#J. Oerocognltlon of flnanclal a88et8 Financial assets are derecognised onty when the corrtrathal rights to the cash fl¢)ws from ihe asset expire or are setued. D•rn¢ognlllon ol Iln8nclal Ilabllltle• Financial liabilitigs are derecogni8e(1 when the Charrty s contractU81 obligations expire or are diseharged or cancelled. Tru8t••8 R•munoratlon and other nefft8. The Irustees did not rece9 any remuneraiion or any benefft during the year, nor were any expenses Reimbursed12024 NIK). The Charty did nol undertake ary trarwction in a truee or cy)nnected peison had a mat8rial interest. Donallons L•gacle8 & Glfts Consist of 2025 2024 Restrirted 33.208 UnTesiricted 9,776 Restricted 9,335 Unrestrithed 11,919 Ch)nalions Grft 17 Page 14
THE REDDITCH MASONIC CHARrrY (A company limited by guarantee NOTES TO THE FINANCIAL STATEMENTS For the operatlng year ended 31 May 2025 Income from Charltablo A¢tlvitle8 2025 2024 Charges to maso1¢ Orders and other users of the Charty's premises Masonic GranL8 26,481 25,828 Ch8rltsble Actlvltl08 These costs relate to the upkeep, maintenance aThJ running expenses of the Charrty's prniSeS together wf(h donabons and grants made. Charltsblo actlvltle8 •xp•ndlture Restrleted Unreslrlct•d R•8trlct•d Unre8trleted 2025 2025 2024 2024 Donallon8 to Charltab18 Insiitulions 35.123 Light and heal Rat8s and water Telephone Insurance Cleaning Repairs and renewals Depreciation Examination fee Sundry expenses 13,500 6.802 2,688 673 3,978 3,465 1,857 3,262 786 13.212 2,052 3,959 4,162 854 3,827 3,307 5,741 4,329 750 Donations consist of; Grants of £SOO and below lo other Charities 32 12024 121 Masonic Charitable Foundation Disabilty Support Project Primrose Hospice Touchstones Reddrtch Nightstop Acoms Children's Hospice Blesma Mind Prostate Cancer Sandycroft Centre f4edditch A8$ocialp)n for the Blind Bethany Parry Macmillans Cancér Support Warwickshire Air Ambulance Macular Society Fleddilch 1 It resFrt)nders Isaacs Food Bank Batchley Support Group 4,199 9,225 2.817 1,502 1,998 2,052 500 250 1,075 520 532 725 1,500 500 1,000 815 5C(g 1.050 550 1,472 750 5(X) 7.929 630 212 12 Further detsils concerning d(atiOnS to instilutsons can be found in the Trustees Rewrt on page 5. Pago 15
THE REDDITCH MASONIC CHARrrY IA mpY Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS Foi thg operatlng year •nded 31 May 2025 Average number ol ornpIoy•98 The av8rag8 number of emIOyeeS during the year was Nil {2024 Nil). Tanglblo Flx•d A88et8 Cost Al 31 May 2024 Additions At 31 May 2025 Flxturn8 & Flttlng• Herltagè A8•0ts Total 48,068 576 48,644 Dopr•clatlon At 31 May 2024 Provlded for year Al 31 May 2025 42.547 42,547 N•t book value at 31 May 2025 N•1 book valuo al 31 May 2024 The cost ol the Herttage Assets ha8 not Changed over the last fNe years. Debtor• 2025 2024 User Charges receivable Other Loan Donations and Accrued Inrne 1,452 9,055 500 250 10 Credltorn Examlnalion fee Sundry accruals Deferred Ineome 620 1.579 533 912 Delerred income 01 £533 relates to infxrfn8 r8ceNed during Ihe current year relating to fu19 periods 12024 £5331. Page 16
THE REDDrrcH MASONIC CHARrrY (A company limlted by guarantso) NOTES TO THE FINANCIAL STATEMENTS For Ihe operallng yur onded 31 May 2025 11 M0ment In Funds Balance al 31 May 2024 In¢omlng Rosourceg Balance at R080ur¢e8 oxpended Tran8fer8 31 May 2025 Do8lgnated lund8 Contingency Fund Charty Grants Day Fund 20,OCNJ 16.oryJi 50,000 Goneral lund8 56,762 49.113 138.108) {14.000) 53,767 Ro8trfctod funds 3,948 33.208 135.123) 2.033 96,710 82.321 173,2311 105,800 The transfer of £20,000 from the G&neral Reserv# io Designated Reserves is necessary to cover unlorgsegn and non-routine maintenance of the building as mentioned in the Truslees report. comparat19 for mov•rn•nt In fund• Balanco at 31 May 2023 Incomlng R080urce8 Tran•for8 Balanco at Re8our¢M •xponded 31 May 2024 Deslgneted fvnd• Contingency fund Charty Grants Day 30,000 30,000 6.000 6.OC#) General fun(ts 49.401 42,687 129.3281 16,C¥XIi 56,762 Restrlcted funds 7,825 9.33S (13,2121 3,948 87,226 52,022 {42,538} 96,710 12 R•8trlct•d Fund• Restrithed funds relate to donallons receNed from both members of Masonic Orders and external donors for Specrffc purposes. AJI donations have been receNed wth the purpose of making donations ol monies or goods to third-paty Charrties. During Ihe year £13,200 was receNed from members to donate to Charrtle9 specltically elected by those members12024 £9.3351. The balance outstanding of thts fund from expenditure not paid over was £1.32612024 £2,033). In addrtion, £20,000 was received from another donor lowards the wrchase of goods for two f(XKJbanks of £16,000 and a dOnatn of £4.000 lo a Masonic Charty 12024 £Nil). £707 of this fijnd was OLrtstanding al the year- end (2024 £Nill- Page 17
THE REDDITCH MASONIC CHARrrY (A Company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS For tho op•ratlng yoar •nded 31 May 2025 13 An8lysl• ol n•t aue18 bèlw•en lunds Fund balances as at 31 May 2025 Tangible flxed assets Cash at bank Debtors Credr(ors 2.835 95.033 7,852 2,635 97,066 7,852 2,033 103.767 2,033 105,800 14 Op•ratlng lea8• On 7 November 2023 the Chanty entèred inlo a 25-year lease of prernes at Easèmore Road, Reddrtch for whlch rt pays a Pep[coM rent. 15 Capltal Mrnmllments There were no capitsl commrtments at the year end. Related Partlo8 All the Director Trustees are m8mbers of one or rrKKe Masonic Orders whlch pay user charges to the charitable rnpanY lor the use of the premk8es leased by rt. Trustees made unrestricted donations to the Charty totalling £1.694.12024 £1.7991. 16 Page 18