REGISTERED CHARITY NUMBER: 1154801 REPORT OFTHETRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 OCTOBER 2023 FOR GLOUCEsfERSHIRE MASONIC CHARIIY ACTION BK Plus Limited 6 Manor Park Business Centre Ma¢kÈn2iÈ Way Chelierlham Gloucestershire GL519TX
GLOUCESTERSHIRE MASONIC CHARITY ACTION CONTENTS OFTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 Pag Reference and Adminlstratlve Details Reporl of the Trustees Independent Examinerfs Report Slatgmenl of Financial Aclivilies Statement of Flnanclal PosStlon Notes to the Flnanclal Sl3lemènts 7 10 14
GLOUCESTERSHIRE MASONIC CHARITY ACTION REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 310CTOBER 2023 TRUSTEES R S G Barton lappoinled 8.5.241 J Henry (resigned 8.5.241 WJ Durman Chairman M D Harl (resigned 8.5.241 P S Walkins (resigned 24.5.241 S D Sullivan J P Jones D H T Henderson-Ross lappoinlèd 25.7.241 R Steven5 (appointed 24.7.241 PRINCIPAL ADDRESS Masonic Hall Venn's Lane Wollon-under-Edge Gloucestershire GL12 78E REGISTERED CHARITY NUMBER 1154801 INDEPENDENT EXAMINER BK Plus Limited 6 Manor Park Business Centre Mackenzie Way Chellenham Glouceslershire GL519TX Page I
GLOUCESTERSHIRE MASONIC CHARITY ACTION REPORT OFTHE TRUSTEES FOR THEYEAR ENDED 310CTOBER 2023 The Iruslees present their report with the financial slalemenls of the charity for Ihe year ended 31 October 2023. The tru51ee5 have adopted Ihp provisions ol Accounting and Reporting by Chariliès.. Slalemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihp UK and Republic ol Ireland IFRS 1021 {elfeclive l January 2019). OBJECTIVES AND ACTIVITIES Oblectlves and alms The objects of the Charitable Incorporalod Organisation ICIOI are lo do all such things as are lawfully charitable in nature lor the benèfit ol Ireemasons and olhers in Gloucesler5hire and elsewhere. Public benefit As sel out elsewhere in this Annual Reporl, as well as making dlrecl grants to individuals in need, thè CIO makes donaliDlls and grants lo piher charities lo further ils charitable purposes in the wider community for Ihe public benefit in compliance with the requirements ol the Charities Act 2011. Granlmaking The Iruslees approve the making ol grants in line with the objects Df the CIO. ACHIEVEMENT AND PERFORMANCE Charllable activities Thè Charity kept within ils guidelines Dn investments and risk, and gave {keeping within the applicable crilerial donations amounting to a substantial sum lo a wide variely ol charitable organisalions. FINANCIAL REVIEW Financial posilian The GMCA CIO continues lo operate a5 a going CDncern with the Iruslees meeting al regular Inlervals and communicating regularly via email. Virtual meetings still provide a valuable source al communication when physical meetings cannot be arranged. The focus ol the GldCA this remains as before lo supporl tharilies less fortunate than ourselves, lo help ID support them where their normal fundraising has been cur13iled by domestic and global influences. Whilst Ih2re is a general desire lor the GMCA lo support particular Charitable projects, the IrLtslees have also considered application lor general and running costs funds during this period. FUTURE PLANS ND changes lo the objects or activities ol tho CIO are planned in the foreseeable future. STrUCTURE, GOVERNANCE AND MANAGEMENT Govprniny document Gloucestershire Masonic Charily Action was established as a CIO under ils current Conslilulion and achleved charitable slalus and registered with the Charity Commlssion on 29 November 2013. Page 2
GLOUCE¥fERSHIRE MASONIC CHARrrY ACTION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Organlsallonal structure Under the CIO'S Conslitullon, the CIO Is managed by a 8oard of trustees, whe are seleded a5 follows.. Iruslees musl be appointed by a resolulion passed al a properly conver¢ed meellng ol the CIO'S Iruslees: Iruslees musl Ilr51 be nominated In wrillng by the ProvincSal Grand Master or the Deputy Provincial Grand Master ol the Mason1¢ Provln¢e of Gloucestershire., no trustee may be a Ruler of the Mason1¢ ProvSnce,' Iru51ees musl be over the age of 16 years and al least ong Iruslee musl be over the age of 18 years- and thère musl be al least two and no more than slx trustees. The members ol the CIO are Its trustees, who are the only persons eligible to be members. Any member who ceases lo be a tru51ee automatically ceases to be a member. Indu¢tlon and tralnlng of new trustees New Iruslees are provided wilh a Copy of Ihe Conslilulion and the CIO¥ late51 Annual Report and Financial Slalemenls. STATEMENT OF TRUSTEES, RESPONSIBILrriES The truslees are responsible for preparing the Reporl of the Trustees and the financial statements in accordance with applicable law and Unlled Klngdom Accounting Standard5 Iunlled Klngdom Genèrally Accepled Accounling Praclicel. The law applicable to charities in England and Wales, the Charllles Act ZQll, Charity (Accounls and Reports) Regulallons 2008 and the provisions of115 constitutlon require the trustees to prepare financial statements lor each linanclal peripd which give a true and lair vlew ol the slate ol alfalrs ol the charity and ol the ncomlng resources and application ol resource5, includSng the In¢ome and expenditure. ol the charity for that period. In preparing those financial slatemenls, tho Iruslees are rgquired lo- selecl gultable accountlng policies and the apply them ¢onslslenlly', obsèrve the methods and principles in the Charity SORP; make Sudgèments and estlmalos Ihal are reasonable and prudent.. prepare the financial slalemenls on the going concern basls unles5 It Is Inappropriate to presume that the charity wlll continue to operate. The trustees are responsible lor keeplng proper accounting record5 which disclose wllh reasonable accuracy al any Ilme the financial position of the charity and lo enable Ihem lo ensure that the financial slatemenls comply with the Charitie5 Act 2011. the Charity (Accounts and Reports) Reuulalions 2008 and the provisions ol ils constitution. They are also responsible lor safeguarding the asse15 of the charlty and hence lor laking reasonable steps lor the prevention and detection ol fraud and other irregularitiès. Approved by order of the board of trustèes on . 85 202+ and signed on115 behalf by.. W J Durman - Trustee Page 3
INDEPENDENT EXAMINER'S REPORTTOTHE TRUSTEES OF GLOUCESTERSHIRE MASONIC CHARITY ACTION Indeppndent examinerfs report to the trustèès of Gloucestershire Masonlc Charily Action I report lo the charity tru51ees on my examination of the accounls ol Gloucestershire Masonlc Charity Action Ithp Trust) for the year ended 31 October 2023. Responsibilities and basls of report As the charlty Iru51ees of the Trust you are responsible for the preparation ol the accounts in accDrdance with the requirements ol the Charilies Act 2011 {'Ihe Acl'l, I report in respect ol my examination of the Trust's accounts carried oul under Section 145 of the Act and in carrying out my examinaliDn I have followed all applicable Directions given by ihe Charlly Commission under Section 145151 Ibl ol the Act. Independent examlnerfs slatemenl I have completed my examination. I confirm Ihal no malerial mallers have come lo my allenlion in connection with the examination giving me cause lo believe Ihal in any material respect.. accounting records were not kept in respect of the Trust as required by Secllon 130 01 Ihe Act., or the accounts do not acc¢rd with those records; or the accounts do not comply with the applicable requirements concerning the lorm and conlenl of accounts sel out in the Charities (Atcounls and Reports) Regulations 2008 other than any requiren)enl Ihal the accounts glve a true and lair view which is not a maller considerèd as parl of an independènt examinalion. I have no concerns and have come acr055 no olh&r malt&rs in connecllon with the examination lo which attention should be drawn in this report in order lo ènablè a proper understanding ol the ac¢otJnts to be reached. R F Downes FCA .BK Plus Limited é Manor Park Business Centre Mackenzie Way Chellenham Gloucestershire GL519TX 12 August 2024 Page 4
GLOUCESTERSHIRE MASONSC CHARITY ACTION STATEMENT OF FINANCIALACTIVITIES FOR THEYEAR ENDED 31 OCTOBER 2023 31,10.23 Total funds 31.10.22 Total funds Unrestricted Reslricled funds fund Endowment f¢Jnd Notes INCOME AND ENDOWMENTS FROM Donations and legacies 27.777 27,777 29,533 Charitablè aclivllies Ronlal income 83,948 83,948 88,300 Investment income 162 7,882 28,357 36,101 33,190 Total 27,939 91.830 28,357 148,126 151,023 EXPENDITURE ON Charilable aclivili•s Grants payable Support costs 49,670 2,715 49,670 82,266 80,365 63,916 79,551 Total 52,385 79,551 131,936 144,281 Nel gainslllossesl on investments 14,528) (22,8561 127,384) {88,0171 NET INCOMEIIEXPENDITURE> Tran5fer5 between funds 124,4461 27.109 7,751 18,995) 5,501 118,114) 111.1941 181.2751 15 Nèl movement In funds 2,663 (1,244) 112,6131 111,194) 181,2751 RECONCILIATION OF FUNDS Total funds brought forward 102,807 1.594.999 885.787 2,583,593 2,664,868 TOTAL FUNDS CARRIED FORWARD 105,470 ,593.755 873.174 2,572,399 2,583,593 The notes form parl of these financial statements Page 5
GLOUCESTERSHIRE MASONIC CHARrrY ACTION srATEMENT OF FINANCIAL posrrioN 31 OCTOBER 2023 31.10.23 Total lunds 31.10.22 Total funds Unreslricled Reslricled lund5 fund Endowmenl fund Notes FIXED ASSErs Tangible assets Inveslmenls io 1,259,520 281,222 1,259.520 1,124.783 1.270,440 1,126.171 6,000 837,561 6,000 1,540,742 837,561 2.384.303 2,396.611 CURREHf ASSErs Debtors Cash al bank 12 10,332 90,846 10,197 44,118 20,529 170.577 17,542 177,9BO 35,613 101,178 54,315 35,613 191,106 195,522 CREorroRS Amounts lalllng due wllhin one year 13 12,2261 17.945) NEf CURRENT ASSETS 100,065 53,202 35,613 188,880 187,577 TOTAL ASSEfs LESS CURRE LIABILiri£s 106,065 1.593,944 873.174 2,573,183 2.584,188 CREDrroRS Amounts falling due after more than one year 14 1595) 11891 1781bl 1595) NET ASSErs 105,470 1,593,755 873,174 2.572.399 2,563,593 FUNDS Unreslricled funds Restriclgd fund5 Endowment funds 15 105.470 1,593.755 873,174 102,807 1,594,999 BB5,787 TOTAL FUNDS 2,572,399 2,583,593 The financial slatemenls were approved by the Board ol Trustees and aulhori$ed for issue on ..2s...J......l..2t..... and were Signed on ils behalf by: W J Durman- Trustee The notes form parl of Ihese financlal slatemertls Page 6
GLOUCESTERSHIRE MASONIC CHARIIY ACTION NOTÉS TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 OCTOBER 2023 ACCOUNTING POLICIES Ba515 of preparing the linancial statements The financial statements Df the charilyi which 15 a public b?nefil enlily under FRS 102. have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement ol Recommended Practice applicable lo charities preparing their accounts in accordance wilh Ihe Financial Rèporting Standard applicable in the UK and Republic of Ireland IFRS 102) lelleclive 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic ol Ireland, and the Charities Act 2011. The financial slalements have bpen prepared under the historical Cost convention. with the exception ol investments which are included at market value, as modified by the revaluation of certain assets. Income All incDme is recognised in the Statement of Financial Activities once ihe charity has enllllemenl to the funds, il is probable that the income will be received and the amount can be measured reliably. Expènditura Liabilities are recognised a5 expendilurp as soon as there is a legal or conslruclive obligalion commilling the charity lo Ihal expenditure, il is probable that a Iran51er of economic benefits will bp requirèd in selllemenl and the amount of the oblig81ion can be measured reliably. Expenditure is accounted for on an accrua15 basis and has been classified under headings that aggregate all cost related lo the category. Where ttssls Cannot be directly allribuled lo particular headings they have been allocated lo activities on a basis consislenl with the use of resources. Expenditure on grants made is recorded once the CIO has made an unconditional commitment lo pay Ihe grant and this is communicated ID ihe benelicièry or the grant has been paid, whichever is the earlier. The CIO has not made any grant commitments of more than one year. Fixed asset Inveslmènts Fixed asset inveslmenls ar& staled al open market value al the ye3r end date. Tangibl• Ilxed assets Depreciation is provided at the following annual rates in order lo write off each asset over its eslimaled useful life. Long leasÈhold Slraighl line over125 years Assels costing less than £500 are not capilalised bul are wrillen ufl as expenditure when incurred. Taxation Th8 CIO is a registered charity and accordingly is exempl from corporation lax on its charitable aclivilies.ll is not, however, exempl from VAT and irrecoverable VAT is charged lo the Slalemenl of Financial Activities as incurred and shown as parl of the cost to which il relates. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives al the discretion ol Ihp trustees. Reslricled funds can only be used lor particular reslricled purposes wiihin the objects of the CIO. Restrictions arise whEn specified by the donor or when funds are raised for parlicular reslricled purposes. Further explanation ol the nature and purpose ol each fund is included in the notes lo the financial slatemenls. Page 7 continued...
GLOUCESTERSHIRE MASONIC CHARITY ACTION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THEYEAR ENDED 31 OCTOBER 2023 DONATIONS AND LEGACIES 31.10.23 31.10.22 Donations. legacies & gift aid Subscriptions 19,227 8.550 21,333 8,200 27.777 29,533 INVESTMENT INCOME 31.10.23 31.10.22 Intere51 receivable Inveslment Fund income 162 36,239 32 33,158 36,401 33,19D INCOME FROM CHARITABLE ACTIVITIES 31.10.23 31.10.22 A£livily Rental incomè Rental income 83,94B B8,300 GRANTS PAYABLE 31.10.23 31.10.22 Grants payable 49.670 80,365 The lolal grants paid to inslilulions during the year was as follows.. 31.10.23 31.10.22 Grants from fund Lodge donation5 Teddie5 lor IDving car Masonic relipf grants 21,332 21,993 5,645 700 30,040 45.730 3,497 1,098 49.670 80,365 Page 8 conlinued...
GLOUCESTERSHIRE MASONIC CHARITY ACTION NOTES TO THE FINANCIAL STATEMENTS- CDnllnued FOR THEYEAR ENDED 31 OCTOBER 2023 SUPPORT COSTS Governance cosls Management Totals Support costs 78,884 3.382 82.2£6 Support costs, included in Ihe above, are as IDIIows'. Management 31.10.23 Support costs 31.10.22 Total aclivilies Light and heat Ground rent & service charges Repairs and mainleriance Depreciation ol langible and h2ri13ge assets 209 40.775 5.026 63.676 4,288 10,920 10,920 78,884 56.930 Governance ¢o$ls 31.10.23 Support costs 31.10.22 Total aclivilie5 Other adminislralion ndependenl examiners fee Legal fees 1,048 2,334 1,166 2,220 3,600 3,382 6,986 TRUSTEES. REMUNERATION AND BENEFITS There were no Iruslees, remuneration or other benefits for the year ended 31 Octobèr 2023 nor for the year ended 31 October 2022. Trustees. expenses There were no trusteès, expenses paid for the year ended 31 October 2023 nor lor the year ended 31 October 2022. All expenses are paid in accordance with Charity Commission guideline5 and all transactions with Iruslees are al markel value. Page 9 continued...
GLOUCESTERSHIRE MASOhllC CHARITY ACTION NOTES TO THE FINANCIAL STATEMEN¢TS - corilinued FOR THEYEAR ENDED 31 OCTOBER 2023 STAFF COSTS The average monthly number ol employees during the year was as lollDWS- 31.10.23 31.10.22 Charitable activities No emplDyees received emoluments in exces5 of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslricled Reslricled funds fund Endowment fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 29,533 29,533 Charllable activities Rental income 88,300 88,3DO Investment income 32 6,140 27.0IB 33,190 Total 29,565 94.440 27,018 151,Q23 EXPENDITURE ON Charitable aclivili•s Grants payable Support costs 8D,365 2,775 80.365 63,916 61,141 Total 83.140 61,141 144,281 Nel galns11105ses1 on inveslmenls 116,9021 188.0171 INCOME/(EXPENDITUREJ Translers belween lunds 153,5751 13,1571 16,397 65,317 (44,0971 162,1601 181,2751 Nel movement in lund$ 156,7321 81,714 1106.2571 181,2751 RECONCILIATION OF FUNDS Total funds brought forward 159,539 1,513,285 992,044 2,664,868 TOTAL FUNDS CARRIED FORWARD 102,807 1,594.999 885.787 2,583,593 Page 10 continued...
GLOUCESTERSHIRE MASONIC CHARITY ACTION NOTES TO THE FINANCIAL STATEMENTS- conllnued FOR THE YEAR ENDED 31 OCTOBER 2023 10. TANGIBLE FIXED ASSErs Long leasehold COST At I NDvember 2022 and 31 October 2023 1,365,ODQ DEPRECIATION Al l November 2022 Charge for year 94,560 10,920 Al 31 October 2023 105,480 NET BOOK VALUE Al 31 October 2a23 1,259,520 Al 31 October 2022 1,270,440 FIXED ASSEf IMVESTMENTS Unlisted investments MARKEfvALUE Ai l November 2022 Additions Rovalualions 1,126,171 25,996 {27,38I) At 31 October 2023 1,124.783 NET BOOK VALUE Al 31 October 2023 1,124,783 At 31 October 2022 1,126,171 There were no investment assets outside the UK. Cost or valuation al 31 October 2023 is represented by.. Unlisted investments Valuation in 2015 Valuation in 2016 Valuation in 2017 Valuation in 2018 Valuation in 2019 Valuation in 2020 Valuation in 2021 Valuation in 2022 Valuation in 2023 Cost 21,193 47,8&2 46,212 21,905 79,228 24,241 180,634 (88,0171 (27,3841 818,909 1,124.783 Pag& 11 continued.
GLOUCESTERSHIRE MASONIC CHARITY ACTION NOTES TO THE FINANCIAL STATEMENTS - cunlinuèd FOR THE YEAR ENDED 31 OCTOBER 2023 12. DEBTQRS: AMOUNTS FALLING DUE WITHIN ONEYEAR 31.10.23 31.10.22 Prepayments and accrued income 20,529 17.542 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONEYEAR 31.10.23 31.10.22 Accrued expenses 2,226 7,945 14. CREDITORS.. AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.10.23 31.10.22 Other creditors 784 595 15. MOVEhlENT IN FUNDS Nel movement in funds Transfers between funds Al 1.11.22 Al 31.10.23 Unre5tri¢led funds General fund 102.807 124,4461 27.109 105,470 Restrictèd funds Housing lund 1,594,999 7,751 18,995) ,593,755 EndDwmenl funds Inveslment Fund 885.787 5,5DI 118,1141 873.1714 TOTAL FUNDS 2,583,593 2,572,399 Net movement in lunds, included in the above ar& as folltsws.. Incoming resources Resources expended Gains and losses Movement in funds Unreslricted funds General fund 27,939 152.3851 124,4461 Reslrlcled funds Hou5in9 fund 91,830 179.551) 14,5281 7,751 Enduwmenl funds Investment Fund 28,357 122,8561 5,501 TOTAL FUNDS 148.126 1131,9361 {27.3841 (11,1941 Page 12 continued...
GLOUCESTERSHIRE MASONIC CHARITh ACTION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2023 15. MOVEMENT IN FUNDS - eontinued Comparatives lor movemènt in lunils Nel movement in funds Transfer5 between funds Al At 31.10.22 Unrgslricted fund5 General lund 159,539 153,5751 13,1571 102,8D7 Restricted funds Housing fund 1,513,285 16,397 65,317 1,594,999 Endowmenl funds Investment Fund 992,044 144,0971 162,1601 885,787 TOTAL FUNDS 2,664.86B 181,275) 2,583,593 Comparalive net movement in lunds, included in the above are as follows-. Incoming resourcps Resources expended Gains and losses Movement in funds Unrestrictèd funds General fund 29.565 183,1401 153.5751 Re51rl¢lpd funds Housing lund 94,440 161,1411 116,9021 16,397 Endowment funds Investment Fund 27.018 144,097) TOTAL FUNDS 151,023 1144.2811 188.0171 181,2751 Purposes of Individual funds The General Fund may be applied for any charitable purpose al the trustees, discrellon in accordance with the constitution ol the CIO. The Housing Fund is held for the purpose Df providing affordable rented accommodation, particularly lo elderly people in accordance with thé objects ol the CIO, The Investment Fund is held ID generate an Income from which regular donations are made lo other charities and for any olher charitable purpose al the discretion of the Iruslees. Transfers between funds Transfers between funds are made in order lo mainlain the balancés on the Restricted and Endowment Funds al the same value as the assets in which Ih05e fund5 arp invested. Transfers equal lo thè movements in the valuation of assets are made between these lunds and Unrestricted reserves on an annual basis. Page 13 continued.
GLOUCESTERSHIRE MASONIC CHARIIY ACTION NOTES TO THE FINANCIAL STATEMENTS - Continued FOR THEYEAR EhlDED 31 OCTOBER 2023 16. RELATED PARTY DISCLOSURES There were no related party transactions for the year endèd 31 October 2023. Page 14