REGISTERED CHARITY NUMBER: 1153575
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
FOR
CORNWALLIS EAST KENT FREEMASONS CHARITY
CORNWALLIS EAST KENT FREEMASONS CHARITY
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
| Page | |
|---|---|
| Report of the Trustees | 1 to 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 to 18 |
| Detailed Statement of Financial Activities | 19 |
CORNWALLIS EAST KENT FREEMASONS CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023
The trustees present their report with the financial statements of the charity for the year ended 30 September 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Formally as set out in its Constitution. The Charity's objectives and aims are:
'The alleviation or relief of poverty in East Kent by the provision of grants, items and assistance to individuals in need and/or charities, or other organisations working to alleviate or relieve poverty, in particular but not exclusively by making emergency grants to relieve poverty or distress arising from disasters occurring in East Kent or to relieve poverty or distress arising from disasters occurring inside or outside East Kent affecting those persons residing or working in East Kent.'
In addition, the trustees may from time to time determine exclusively charitable purposes for the public benefit.
The Charity welcomes approaches for support directly from worthy causes (either organisations or individuals). To facilitate this, its website has access to appropriate application forms and guidance notes. In many cases it also welcomes any approach to be assisted, from a Lodge, Chapter or indeed an individual mason within the East Kent Province.
It also liaises with senior officers of the Province, including the Provincial Almoner and Provincial Charity Steward, both of whom are Ex Officio Trustees of the Charity. In this way, a 'joined up' approach to any issues can be achieved.
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CORNWALLIS EAST KENT FREEMASONS CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023
ACHIEVEMENT AND PERFORMANCE
Review of the year
The 'Cornwallis East Kent Freemasons' Charily' completed its ninth year of operation on 30 September 2023. The Trustees and Officers are very conscious that the charity can only continue to thrive with the generous support which it receives from the Brethren and Companions of the Lodges and Chapters within the Province of East Kent.
The year 2022/23 has returned to some semblance of normality after the impact of the previous years' operating restrictions because of the Covid pandemic. The Provincial Grand Master's Awards Presentations took place in February 2023 providing a showcase for the Charity and for the charities and worthy causes who received awards. The awards are planned to take place again, in November 2024.
During 2022/23, the Charity made donations to 19 local charities and deserving causes, totalling £48k. Of these 9 were under the match funding arrangements. The Charity is delighted with the continued success of this arrangement for joint working with Lodges and Chapters in the Province but there is scope for even wider use of this scheme. In addition, the Masonic Charitable Foundation made an additional donation of £2,500 to one of the charities supported this year. This makes a total of 1,296 charities and deserving causes supported by Cornwallis since it commenced activity. This number excludes causes supported by the Almoner's Fund. The Almoners fund made one donation to an individual of £300 during the year.
Examples of the diverse organisations and individuals supported this year include:
Cheerful Sparrows Mrs L Snell (Baby Lennie James) Medway Street Angels Community Storehouse Food Bank (Paddock Wood) Painters Forstal Community Association Woodchurch Driving Group Faversham Food Bank Ukraine Refugees Dover Air Cadets Hi Kent 1st Cheriton Brownies Teddies for Loving Care East Kent Widowed and Young Carers Support East Kent Step and Learn Relate Kent Consortium East Kent Masonic Fishing Charity East Kent M S Group Necessary Furniture
The list indicates the wide range of deserving causes supported which includes children, people with disabilities and community facilities and needs.
In addition, the Charity sponsored another PSA testing day for Prostate Cancer in May 2023 at the Tovil Masonic Centre, where some 220 plus tests were carried out on the day.
The Charity aims to continue to support to charities and other causes during the next accounting year ending September 2024 in order to support the objectives included in the Constitution of the Charity.
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CORNWALLIS EAST KENT FREEMASONS CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023
All applications for support are thoroughly checked to ensure they meet the Charity's criteria, and that the applicant's financial position supports the need for a grant. This may entail further information being sought or a meeting arranged with the applicant which may involve the Lodge and Chapter Provincial Charity stewards or Almoners. The final decision on giving any support rests with the Charity's Trustees.
If the Trustees agree to make a grant, arrangements are usually made for the award to be presented by local Freemasons in the area where the charity is based. A report of the presentation will then usually appear on the Cornwallis East Kent Freemasons' Charity website and in conjunction with the Provincial Communications team a press release will be submitted to the local paper. By doing so it is hoped that the charity will gain additional benefits from the publicity which it then receives. There are nearly 5,000 charities in Kent registered with the Charity Commission, and many more that are not registered but which carry out vital work on behalf of needy people. Many of the charities which the Cornwallis East Kent Freemasons' Charity supports are small and are financially challenged. A story in the local press gives the charity exposure which may enable it to gain support from other sources. It also demonstrates in an incredibly positive way the support which Freemasons give to their local community.
The charity continues to provide 'matched funding' of up to £250 per Lodge or Chapter to support any application which is line with the objects, which an individual Lodge or Chapter, or a group of these want to support.
The Trustees are happy to give presentations to individual Lodges and Chapters. Please contact the Cornwallis East Kent Freemasons' Charily office, but would ask that adequate time is given in such requests for arrangements to be made.
FINANCIAL REVIEW
Reserves policy
The Charity shares office space and resources with the Provincial Grand Lodge of East Kent and places reliance upon volunteers. As such the charity has extremely low support and operating costs. The charity therefore has no requirement to hold significant levels of free reserves. As will be seen in the section on Risk Management, the Trustees are aware of the pressure which will be placed on their fund raising and are keeping actual performance under continual review.
Investment Policy
The Charity has adopted an investment strategy based on managed capital risk with a diverse portfolio of investments. This is intended to produce a balanced combination of income and capital growth and is effected through the use of a unit trust provider. It is also designed to ensure a degree of liquidity to enable rapid drawdown of cash when required and, where possible, to utilise 'ethical' investments consistent with Masonic principles.
Financial Performance of the year
The grants provided by the Charity are highlighted above. In respect of its income, it received income of £55.6k from Lodges, Chapters, individual Brethren and various fund-raising activities including interest on investments. Included in these figures are the amounts the Provincial Almoner's Fund received from donations of £6.9k (from the Province of East Kent and interest).
The funds held are, in the main, for distribution in accordance with the charity's objects and are subject to investment management. On 30 September 2023 total funds held by the charity were £686,489 (2022: £654,586). Most funds held are for distribution in accordance with the charity's objects, although a portion are restricted to particular aspects such as the Almoner's Fund, and the Disaster Fund. The Brooshooft Family Trust is a Permanent Endowment Fund and as such only the income from that Fund is available for distribution.
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CORNWALLIS EAST KENT FREEMASONS CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023
RISK MANAGEMENT
The Trustees have a duty to identify and review the risks to which the Charitable Incorporated Organisation is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees receive a report from the Charity's Treasurer at each of their meetings which presents information on financial activity for the period to the meeting and highlights any issues which have occurred. To date, no reports of inappropriate activity have been necessary.
The Province of East Kent is in a Festival period. The Trustees remain aware that this may have an adverse effect on the level of funds the charity may receive from Lodges and Chapters. They keep the likely impact of this under review and will implement any actions in response which prove necessary.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is a Charitable Incorporated Organisation, controlled by its Constitution document dated 15 April 2013 and registered as a CIO with the Charities Commission on 29 August 2013.
Recruitment and appointment of new trustees
Independent charity trustees
Apart from the first charity trustees, every independent trustee must be appointed for a term of four years by a resolution passed at a properly convened meeting of the charity independent trustees or, if there are no independent trustees, ex-officio trustees. Each charity trustee can seek re-election for a second 4 year term but must then stand down.
In selecting individuals for appointment as appointed charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity.
No member of the Provincial Executive can be an independent trustee.
Ex-officio trustees
The Provincial Charity Steward, Provincial Almoner, and the Assistant Provincial Grand Master or other most senior official with overall responsibility for charities of the Provincial Grand Lodge of East Kent for the time being shall automatically be charity trustees, for as long as he or she holds that office.
The Constitution document includes provisions should the officeholder be unwilling to act as a charity trustee.
Organisational structure
The charity trustees meet regularly to discuss and review financial and operational matters. Any matters requiring attentions outside of the regular meetings are attended to via online meetings or group e mail circular and reported and recorded at the next regular meeting.
Induction and training of new trustees
The charity trustees will make available to each new charity trustee, on or before his or her first appointment, a copy of the current version of the Constitution document and a copy of the Charitable Incorporated Organisation's latest Trustees' Annual Report and statement of accounts.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1153575
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CORNWALLIS EAST KENT FREEMASONS CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023
Principal address 11 Boorman Way Estuary View Business Park WHITSTABLE CT5 3SE
Trustees
P J Rodd Chairman M C Bassant Ex Officio P R Rhodes Ex Officio G Smith N Fitz Ex Officio P M Brooshooft D W Alexander
The members of the charity are also the trustees. Any member and charity trustee who ceases to be a charity trustee automatically ceases to be a member.
Independent Examiner Clair Rayner FCA, DChA McCabe Ford Williams Chartered Accountants Building 1063 Cornforth Drive Kent Science Park Sittingbourne Kent ME9 8PX
Solicitors
Boys & Maughan Solicitors and Notary Public 11-13 Hawley Street Margate Kent CT9 1PU
Treasurer
S Rouse (appointed Nov 2022)
Secretary
P West (appointed May 2023)
COMMENCEMENT OF ACTIVITIES
The charity commenced activities on 12 February 2014.
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CORNWALLIS EAST KENT FREEMASONS CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023
18/06/2024
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
==> picture [216 x 35] intentionally omitted <==
........................................................................ P J Rodd - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CORNWALLIS EAST KENT FREEMASONS CHARITY
Independent examiner's report to the trustees of Cornwallis East Kent Freemasons Charity
I report to the charity trustees on my examination of the accounts of Cornwallis East Kent Freemasons Charity (the Trust) for the year ended 30 September 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Clair Rayner FCA, DChA
McCabe Ford Williams Chartered Accountants Building 1063 Cornforth Drive Kent Science Park Sittingbourne Kent ME9 8PX
Date: .............................................
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CORNWALLIS EAST KENT FREEMASONS CHARITY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2023
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 26,756 Other trading activities 3 3,026 Investment income 4 18,897 Total 48,679 EXPENDITURE ON Raising funds 5 4,592 Charitable activities Grants made 47,721 Other 2,001 Total 54,314 Net gains/(losses) on investments 30,876 NET INCOME/(EXPENDITURE) 25,241 RECONCILIATION OF FUNDS Total funds brought forward 344,547 TOTAL FUNDS CARRIED FORWARD 369,788 |
Restricted Endowment funds fund £ £ 6,962 - - - - - 6,962 - - - 300 - - - 300 - - - 6,662 - 162,734 147,305 169,396 147,305 |
30.9.23 Total funds £ 33,718 3,026 18,897 55,641 4,592 48,021 2,001 54,614 30,876 31,903 654,586 686,489 |
30.9.22 Total funds £ 59,867 1,528 13,812 75,207 3,375 33,609 1,300 38,284 (69,739) (32,816) 687,402 654,586 |
|---|---|---|---|
The notes form part of these financial statements
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CORNWALLIS EAST KENT FREEMASONS CHARITY
| BALANCE SHEET 30 SEPTEMBER 2023 Notes CURRENT ASSETS Investments 9 Cash at bank and in hand CREDITORS Amounts falling due within one year 10 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 12 Unrestricted funds Restricted funds Endowment funds TOTAL FUNDS |
30.9.23 £ 412,784 275,291 688,075 (1,586) 686,489 686,489 686,489 369,788 169,396 147,305 686,489 |
30.9.22 £ 381,908 274,214 656,122 (1,536) 654,586 654,586 654,586 344,547 162,734 147,305 654,586 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 18/06/2024
==> picture [216 x 35] intentionally omitted <==
............................................. P J Rodd - Trustee
The notes form part of these financial statements
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CORNWALLIS EAST KENT FREEMASONS CHARITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The presentation currency of the financial statements is the Pound Sterling (£).
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Governance costs
Governance costs represent Independent Examiner's remuneration.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
The Charity received a major donation in 2018/19 from the Brooshooft Family. They also received further significant donations in 2019/20 to which were added Gift Aid receipts. Originally this was included as a Designated Fund. However, in further discussions with the donors, it is more appropriately classified as a Restricted Fund. The donations with Gift Aid enhancement are to be retained and are therefore an Endowment Fund (Permanent). The income from this Endowment Fund (Permanent) can be deployed for the Charity's purposes throughout its area of operation and will be recorded in an Endowment Fund (Expendable).
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements (page 17).
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CORNWALLIS EAST KENT FREEMASONS CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023
1. ACCOUNTING POLICIES - continued
Financial instruments
The charity enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.
a) Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.
b) Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.
c) Trade and other creditors
Debt instruments like loans and other accounts payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable within one year, typically trade payables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Current investments
Current Investments are included in the Balance Sheet at market value. Unrealised gains or losses during the year are included in the Statement of Financial Activities.
2. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||
|---|---|---|
| 30.9.23 | 30.9.22 | |
| £ | £ | |
| Donations | 33,718 | 59,571 |
| Gift aid | - | 296 |
| 33,718 | 59,867 |
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CORNWALLIS EAST KENT FREEMASONS CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023
| 3. | OTHER TRADING ACTIVITIES | ||
|---|---|---|---|
| 30.9.23 | 30.9.22 | ||
| £ | £ | ||
| Fundraising events | 3,026 | 1,528 | |
| 4. | INVESTMENT INCOME | ||
| 30.9.23 | 30.9.22 | ||
| £ | £ | ||
| Deposit account interest | 5,134 | 1,650 | |
| Curr asset inv income | 13,763 | 12,162 | |
| 18,897 | 13,812 | ||
| 5. | RAISING FUNDS | ||
| Raising donations and legacies | |||
| 30.9.23 | 30.9.22 | ||
| £ | £ | ||
| Support costs | 4,592 | 3,375 | |
| 6. | GRANTS PAYABLE | ||
| 30.9.23 | 30.9.22 | ||
| £ | £ | ||
| Grants made | 48,021 | 33,609 | |
| The total grants paid to institutions during the year was as follows: | |||
| 30.9.23 | 30.9.22 | ||
| £ | £ | ||
| Grants made to institutions | 36,171 | 14,909 | |
| Match funding grants | 11,550 | 18,100 | |
| 47,721 | 33,009 |
The Charity carefully considers all applications for grants. Such grants are made where the cause is in line with the Charity's objectives. All grants are made pre-dominantly to causes in the Kent area.
The total grants paid to individuals during the year was as follows:
| 30.9.23 | 30.9.22 | |
|---|---|---|
| £ | £ | |
| Grants made to individuals | 300 | 600 |
In the year to 30 September 2023, the Charity made a number of small grants to individuals who met the Charity's strict criteria.
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CORNWALLIS EAST KENT FREEMASONS CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2023 nor for the year ended 30 September 2022.
Trustees' expenses
There were no trustee's expenses paid for the year ended 30 September 2023 nor in the year ended 30 September 2022.
| 8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted Endowment fund funds fund £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 41,929 12,938 5,000 Other trading activities 1,528 - - Investment income 12,438 - 1,374 Total 55,895 12,938 6,374 EXPENDITURE ON Raising funds 3,375 - - Charitable activities Grants made 33,009 600 - Other 1,300 - - Total 37,684 600 - Net gains/(losses) on investments (69,739) - - NET INCOME/(EXPENDITURE) (51,528) 12,338 6,374 RECONCILIATION OF FUNDS Total funds brought forward 396,075 150,396 140,931 TOTAL FUNDS CARRIED FORWARD 344,547 162,734 147,305 |
Total funds £ 59,867 1,528 13,812 75,207 3,375 33,609 1,300 38,284 (69,739) (32,816) 687,402 654,586 |
|---|---|
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CORNWALLIS EAST KENT FREEMASONS CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023
9. CURRENT ASSET INVESTMENTS
| 9. CURRENT ASSET INVESTMENTS |
9. CURRENT ASSET INVESTMENTS |
||||
|---|---|---|---|---|---|
| Listed investments The increase in the year relates to revaluation gains of £30,876 (2022: £69,739 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 11. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Restricted Endowment fund funds fund £ £ £ Current assets 371,374 169,396 147,305 Current liabilities (1,586) - - 369,788 169,396 147,305 Unrestricted Fund AlmonersFund £ £ Current Assets 478,740 44,202 Current Liabilities (2,125) - 476,615 44,202 |
30.9.23 £ 412,784 loss). 30.9.23 £ 1,586 30.9.23 Total funds £ 688,075 (1,586) 686,489 Disaster Fund £ 90,350 - 90,350 |
30.9.22 £ 381,908 30.9.22 £ 1,536 30.9.22 Total funds £ 656,122 (1,536) 654,586 Total £ 613,292 (2,125) 611,167 |
|||
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CORNWALLIS EAST KENT FREEMASONS CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023
12. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Disaster Fund Almoners Fund Endowment funds Brooshooft Family Trust TOTAL FUNDS Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 48,679 Restricted funds Almoners Fund 6,962 TOTAL FUNDS 55,641 |
At 1.10.22 £ 344,547 100,000 62,734 162,734 147,305 654,586 Resources expended £ (54,314) (300) (54,614) |
Net movement At in funds 30.9.23 £ £ 25,241 369,788 - 100,000 6,662 69,396 6,662 169,396 - 147,305 31,903 686,489 Gains and Movement losses in funds £ £ 30,876 25,241 - 6,662 30,876 31,903 |
|---|---|---|
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CORNWALLIS EAST KENT FREEMASONS CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.10.21 £ Unrestricted funds General fund 396,075 Restricted funds Disaster Fund 100,000 Almoners Fund 50,396 150,396 Endowment funds Brooshooft Family Trust 140,931 TOTAL FUNDS 687,402 Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 55,895 (37,684) Restricted funds Almoners Fund 12,938 (600) Endowment funds Brooshooft Family Trust 6,374 - TOTAL FUNDS 75,207 (38,284) |
Net movement At in funds 30.9.22 £ £ (51,528) 344,547 - 100,000 12,338 62,734 12,338 162,734 6,374 147,305 (32,816) 654,586 Gains and Movement losses in funds £ £ (69,739) (51,528) - 12,338 - 6,374 (69,739) (32,816) |
|---|---|
RESTRICTED FUNDS
Almoner's Fund
The Almoner's Fund receives income from each Brother and Companion in East Kent via a levy collected by the East Kent Province. The Provincial Almoner deploys the resources available to him to assist Masons and their immediate families who find themselves in need until a longer term solution to their issues can be found.
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CORNWALLIS EAST KENT FREEMASONS CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023
12. MOVEMENT IN FUNDS - continued
Disaster Fund
The Trustees have reserved as a Restricted Fund a part of their general resources for issues identified as 'disasters'. These may be the impact on organisations or communities in East Kent of an international disaster such as the earthquake in Nepal or disasters of a much more local character.
ENDOWMENT FUND
Brooshooft Family Trust
Between 2018 and 2020, the charity received donations from the Brooshooft family, which together, with interest allocated to them, were designated an endowment fund (permanent). This sum stands at £147,305. Income from the endowment funds can be used for the charity's general purposes as set out in its objectives and aims.
13. RELATED PARTY DISCLOSURES
During the year the following donations were received from Lodges and Chapters of which the trustees are subscribing members and organisations of which the trustees of the Cornwallis East Kent Freemasons' Charity are also trustees or declared an interest:
| Trustee G Smith N Fitz P Rodd P Thomas P Brooshooft D Alexander M Bassant P Rhodes |
Lodge/Chapter and Other Bodie 2023 2022 Arthur Crick Trust 2,500 5,000 Adams Lodge No. 158 250 250 Bredenstone Lodge No. 8093 500 - Royal Navy Lodge No. 429 1,250 1,250 Chillington Manor Lodge No. 4649 - 150 Corinthian Lodge and Chapter Nos. L1208 and C1208 1,000 500 Corinthian Lodge and Chapter Nos. L1208 and C1208 1,000 500 Gore Court Lodge No. 8231 150 - Royal Kent Lodge of Antiquity No. 20 300 - |
2022 |
|---|---|---|
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CORNWALLIS EAST KENT FREEMASONS CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023
14. ULTIMATE CONTROLLING PARTY
The charity is controlled by its trustees who are also its members.
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CORNWALLIS EAST KENT FREEMASONS CHARITY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2023
| 30.9.23 | 30.9.22 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 33,718 | 59,571 |
| Gift aid | - | 296 |
| 33,718 | 59,867 | |
| Other trading activities | ||
| Fundraising events | 3,026 | 1,528 |
| Investment income | ||
| Deposit account interest | 5,134 | 1,650 |
| Curr asset inv income | 13,763 | 12,162 |
| 18,897 | 13,812 | |
| Total incoming resources | 55,641 | 75,207 |
| EXPENDITURE | ||
| Charitable activities | ||
| Grants to institutions | 47,721 | 33,009 |
| Grants to individuals | 300 | 600 |
| 48,021 | 33,609 | |
| Support costs | ||
| Management | ||
| Administrative costs and exps | 5,121 | 3,375 |
| Governance costs | ||
| Auditors' remuneration | 1,472 | 1,300 |
| Total resources expended | 54,614 | 38,284 |
| Net income | 1,027 | 36,923 |
This page does not form part of the statutory financial statements
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