Charity registration numb8r 11548011England and Wales> GLOUCESTERSHIRE MASONIC CHARITY ACTION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024
GLOUCESTERSHIRE MASONIC CHARITY ACTION LEGAL AND ADMINISTRATIVE INFORMATION Trusteos Mr W J Duman MrJ P Jones Mr S D Sullivan Mr R Barton Mr R R Stephens Mr D H T Henderson-Ros$ Mr J Henry Mr P S Walkins Mr M Steventon-smilh (Appointed 8 May 20241 (Appointed 25 July 2024) (Appointed 25 July 2024) (Resigned 8 May 20241 (Appointed 30 January 2025) (Appointed 30 January 2025) Charlty number (England and Wales) 1154801 Registered office Masonic Hall Venn's Lane Wotton-under-Edge Gloucestershire England GL12 7BE Independent examiner BK Plus Limited 6 Manor Park Business Centre Ma¢kenzie Way Chellenham Gloucestershire England GL519TX
GLOUCESTERSHIRE MASONIC CHARITY ACTION CONTENTS Page Trusteps. report Independent examinels report Statemenl of financial adivities Statement of financial position Notes to the financial statements 7-12
GLOUCESTERSHIRE MASONIC CHARITY ACTION TRUSTEES, REPORT FOR THE YEAR ENDED 31 OCTOBER 2024 The trustees present their annual report and financial statements for the year ended 31 October 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial slalements and comply with the charity's goveming document, the Charities Act 2011. FRS 102 "The Financial Reporting Slandard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" Obj6Ctives and activitles Objectlves and aims The objects of the Charitable Incorporated Organisation (CIO) are to do all such things as arè lawfully Charilable in nature for the benefit principally of the citizens of Gloucestershire. Public benefit As set out elsewhere in Ihis annual report, the CIO makes donations and grants to other registered charities, or entities which conform lo charitable aims and praclices. to lurther its charitable purposes in the wider community for the public benefit in compliance with the requirements of the Charities act 2011. In addition, it makes some direct grants lo individuals in need. Grant making The Trustees approve th8 making of grants in line with the objects of the CIO. Achlev8m8nt6 and performance Charltable activities The Charity kept wilhin its guidelines on investments and risk and gave donations amounting lo a substantial sum to a wide variety cf charilable organisations, keeping within the applicable criteria. Financial revlew Financial position The GMCA CIO continues to operate as a going concem with the Trusteeg meeting at regular intervals and communicating regularly via email. Virtual meetings still provide a valuable source of communication when physical meetings cannot be arranged. The focus of the GMCA remains as before lo support charities which in turn support those less fortunate Ihan ourselves. Whilst there is a general desire for the GMCA to support particular charitable projects, the Trustees have also considered applications for general and running costs of suitable Charities. Future plan8 No changes lo the objects or activities of the CIO are planned for the foreseeable future. Governing document Gloucestershire Masonic Charity action was established as a CIO under ils current constitution and achieved charitable status and registered with the Charity Gommission on 29 November 2013. Some modifications to the constitution were agreed by the Truslees on 20 December 2024. The effect of these changes is reflected in the organisational structure detailed below.
GLOUCESTERSHIRE MASONIC CHARITY ACTION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Structure} governance and management Organlsational structure Under the CIO'S constitulion the CIO is managed by a Board of Trustees whiGh is selected as follows.. a. Trustèes must be appoinled by a resolution passed at a properly convened meeting of the CIO'S Trustees; b. Trustees must first be nominated in writing by the Provincial Grand Master or Ihe Deputy Provincial Grand Master of the Masonic Province of Gloucestershire.. Trustees must be over the age of 16 years and at least one Trustee must be over the age of 18 years- and d. there must be at least and no more than eight Trustees. Three Trustees are required to foim a quorum. The members of the CIO are its Trustees who are the only persons eligible to be members. Any member who ceases to be a Trustee automatically cèases to be a member. Inductlon and tralning of new Trustees New Trustees are provided with a copy of the Constitution and the CIO'S latest Annual Report and Financial Statements. statement of trusteo$' responslbilltSes The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). The law applicable to Charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent., slate whether applicable accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements.. and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will conlinue in operation. The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy al any time the financial position of the charity and enable them to ensure that Ihe financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees, report was approved b the 8oard of Tfustees. Mr D H T Hender50n-Ross Trust8e
GLOUCESTERSHIRE MASONIC CHARITY ACTION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GLOUCESTERSHIRE MASONIC CHARITY ACTION I report to the trustees on my examination of the financial statements of Gloucestershire Masonic Charity Action (the charity) for the year ended 31 October 2024. Responsibllities and ba818 of report As the trustees of the charity you are responsible for the preparation of the finanaal statements in accordance with Ihe requirements of tho Charities Act 2011. I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011. In Garrying out my examination I have followed the Directions given by the Charity Commission under 3eclion 145151{b) of the Charities Act 2011. Independent examlner's slatompnt Your attention is drawn to the fact that the chaTlty has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable lo charities preparing their financial statemenls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to Ihe Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been wilhdrawn. l understand that this has been done in order for the financial statements to provide a true and fair view in accordan with UK Gen8rally Accepted Accounting Practice. I have completed my examination. I confirm that no 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 respecl of the charity as required by section 130 of the Charities Act 2011. the financial statements do not accord wilh those records: or the financial statements do not compty with the applicable requirements concerning the form and conlenl of financial statements set out in the Charities (A¢¢ounl$ and Reports) Regulations 2008 other than any requiremenl that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination. I have no concems 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 financial statements to be reached. R F Downes FCA BK Plus Limitèd Chartered Certified Accountants 6 Manor Park Business Centre Mackenzie Vwdy Cheltenham Gloucestershire GL51 9TX England Dale.. 21 k20£g
GLOUCESTERSHIRE MASONIC CHARITY ACTION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2024 Current finanG(al year Unrestrtcted Restrlcted Endowmènt Total Total funds funds funds 2024 2024 2024 2024 2023 Notgs Income from: Donations and legacies Other trading activities Investments 22,159 22,159 92,590 44.150 27,777 83,948 36,401 92,590 8,779 6.140 29,231 Total Income and endowments 28.299 101,369 29,231 158,899 148.126 Expenditure on: Charitable activities 87.746 57.529 145,275 131.936 Totsl axpendlture 87,746 57,529 145,275 131,936 Net gainslllosses) on investments 69,612 47.698 117,310 (27,384} Not incomel(expendlturo) (59,447) 113,452 76,929 130,934 111,194) Transfers beeen funds 39,652 (48.431 } 8,779 Not movement In funds {19,795) 65,021 85,708 130,934 {11,1941 Reconclllatlon of funds: Fund balances at 1 November 2023 105.470 1,593,755 873.174 2,572,399 2,583,593 Fund balances at 31 October 2024 85.675 1.658,776 958.882 2,703,333 2,572.399
GLOUCESTERSHIRE MASONIC CHARITY ACTION STATEMENT OF FINANCIALACTIVITIES (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Prlor flnanGial yoar Unrestricted Restri¢t8d Endowm&nt Total funds funds funds 2023 2023 2023 2023 Notes Income from. Donations and legacies Other trading activities Investments 27,777 27,777 83,948 36,401 83.948 7,882 162 28,357 Total income and ondowmenls 27,939 91.830 28,357 148,126 Expenditur9 on: Charitable activities 52.385 79.551 131.936 Total 8xp8ndlturo 52,385 79,551 131,936 Net gainsl(losses) on investments (4,5281 (22.856) 127,384} Net Incomellexpendlturel (24.446) 7,751 5.501 (11,1941 Transfers belMeen funds 27,109 (8,995) {18,114) Net movement In fund8 2,663 (1,244) {12,613} (11,1941 Reconclllatlon of funds.. Fund balances at 1 November 2022 102,807 1,594,999 885.787 2,583,593 Fund balancos al 31 October 2023 105,470 1,593,755 873.174 2,572.399
GLOUCESTERSHIRE MASONIC CHARITY ACTION STATEMENT OF FINANCIAL POSITION ASAT 31 OCTOBER 2024 2024 2023 Notès Flxed assèts Intangible assets Tangible assets 10 11 1,274,593 1,248,600 1,124,783 1.259,520 2,523,193 2,384,303 Current assats Debtor3 Cash al bank and in hand 12 22.721 160.537 20,529 170,577 183,258 191,106 Credltors,. amounts falling due within one year 13 (3.118) (3,0101 Nat eurrent a$getg 180,140 188,096 Total assets loss current liabilities 2,703,333 2,572,399 Tho funds of tho charity Endowment funds Restricted income funds Unrestricted lunds 14 16 16 958,882 1,658,776 85,675 873,174 1,593,755 105,470 2,703,333 2.572,399 The ft'nanGial statem8nt8 were appr ved by the trustees on Mr D H T Henderson-Ross Trusteo
GLOUCESTERSHIRE MASONIC CHARITY ACTION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 Accountlng policles 1.1 Accounting convention The financial statements have been prepared in accordance with the Charity's governing document, the Charities Act 2011 , FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charilies SORP "Accounting and Reporting by Charities.. Statèment of Racommend&d Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" The charity is a Public Benefit Entity as defined by FRS 102. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provid8 a true and fair view. This departure has involved following the Slal&m8nt of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling. which is thè functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial stalements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Charltable funds Unrestricted funds Can be used in a¢Mrdan¢e with the Charitable objective$ at the discretion of the trustees. Restricted funds Gan only be used for particular restricted purposes within the objects of the CIO. Restrictions arise when specified by the donor or when funds are raised for particular reslricled purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 1.3 Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the fund8, it is probable that the income will be received and the amount can be measured reliably. 1.4 Expenditure Liabilities are recognised as expendilure as soon as there is a legal or constructive obligalion committing the ¢harity to Ihat expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligalion can be Tneasured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Vvhere costs cannot be directly attributed to particular headings they have been allocated to ach'vities on a basis consistent with the use of resources. Expenditure on grants made is recorded once the CIO has made an unconditional commitment to pay the grant and this is communicated lo the beneficiary or the grant has been paid, whichever 15 Ihe earlier. The CIO has not made any grant commilments of more than one year. 1.5 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairmenl losses. Assets C05ting less Ihan £500 are nol capitalised bul are written off as expenditure when incurred. Depreciation is recognised so as to write off the cost or valuation of assets less Iheir residual values over their useful lives on the following bases.. Leasehold land and buildings Straight line over 125 year5
GLOUCESTERSHIRE MASONIC CHARITY ACTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Income from donations and lega¢ies Unrostri¢ted Unre5trictgd funds funds 2024 2023 Donations, legacies & gift aid Subscriptions 15,509 6,650 19,227 8,550 22,159 27,777 Income from othgr trading actlvitlos Re8trl¢lfrd fund8 R&$lrlct•d funds 2023 2024 Rental income 92,590 83,948 Expenditure on charitable actlvlties Total 2024 Total 2023 Direct costs Ground rent and service Gharges Repairs and maintenance Depreciation Other administration Independent examiners fee 43,362 1,405 10,920 2,193 2,442 63,676 4.288 10.920 1,048 2.334 60,322 82,286 Grants payable 84,953 49,670 145,275 131.936 Analy8is by fund Unrestricted funds Restricted funds 87,746 57.529 52,385 79,551 145,275 131,938
GLOUCESTERSHIRE MASONIC CHARITY ACTION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Grants payable Total 2024 Total 2023 Grants to inslitulions.. Grants from fund Lodge donations Teddies for loving care Masonic relief grants 66,862 11,261 6.330 500 21,332 21,993 5,645 700 84,953 49,670 Trustees None of the trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year. Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number Total There were no employees whose annual remuneration was more than £60,000. Galns and losses on Inv¢$lments Rostrlctod Endowm•nt fund$ funds 2024 Total Rèitrlctèd EndowmBnl fund• fund8 2023 2023 Tot41 2024 2024 2023 Gainsl(losses) aiising on.. Revaluation of Investments 69,612 47.698 117,310 (4.528) (22,856) (27,384) Taxation The CIO is a registered charity and accordingly is exempt from corporation tax on its charitable activities. It is not, however, exempl from VAT and irrecoverable VAT is charged to the Statèment of Financial Aclivities as incurred and shown as part of the cost to which it relates.
GLOUCESTERSHIRE MASONIC CHARITY ACTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 10 Fixed asset investments Unlisted Investmgnts Cost or valuation Al 1 November 2023 Additions Disposals Revaluation 1,124,783 38,516 {6.0161 117,310 At 31 O¢tober 2024 1,274,593 Carrying amount At 31 October 2024 1,274,593 At 31 October 2023 1.124,783 11 Tanglblg fixed assets Laasèhold land and bulldings Cost or valuation Al 1 November 2023 1,365,000 AI 31 October 2024 1,365,000 Depfeclatlon and Impalrment At 1 November 2023 Depreciation charged in Ihe year 105,480 80,920 At 31 October 2024 116,400 Carrying amount At 31 October 2024 1.248,600 Al 31 October 2023 1,259,520 12 Debtors 2024 2023 Amounts falling due within one year: Prepayments and accrued income 22.721 20,529 10-
GLOUCESTERSHIRE MASONIC CHARITY ACTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 13 Crèditors: amount5 falling due within on8 year 2024 2023 Other creditors Accruals and deferred income 784 2,334 784 2,226 3,118 3,010 14 Endowmenl funds Endowment funds represent assets which must be held pemianently by the charity. Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted Income. Any capital gains or losses arising on the assets fomi part of the fund. At1 Novembèr 2023 Incoming rèsourcas Transfers Gains and At 31 October losses 2024 Permanent 8ndowmont8 Investment Fund 873,174 29,231 8.779 47,698 958,882 Previous year: At1 November 2022 Incoming rosource8 Transfers Galns and At 31 October losses 2023 Permanent endowments Investment Fund 885,787 28.357 118,114) (22,856> 873,174 15 R08trlcted fund8 The restricted funds of the charity comprise the unexpended balances of donations and granls held on trust subject to specific Conditions by donors as lo how they may be used. At1 November 2023 Incoming Resourcès resources expended Transfers Galns and At 31 October losses 2024 Housing fund 1.593.755 101,369 {57,529) (48,431) 69,612 1,658,776 11
GLOUCESTERSHIRE MASONIC CHARITY ACTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 15 Restricted funds (Continued) Previous year: At1 November 2022 Incoming Resources resources expended Transfers Gains and At 31 October losses 2023 Housing Fund 1,594,999 91.830 179.551) {8,995) (4,528) 1.593,755 16 Unrèstrlcted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subjecl to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been sel aside out of unrestricted funds by the trustees for specific purposes. At1 November 2023 Incoming resources R980urces expended Transfers At 31 Octobor 2024 General funds 105,470 28.299 187,746) 39,652 85,675 Prevlous year: Incoming Resources resources expended Transfers At 31 October 2023 November 2022 General funds 102.807 27,939 (52,385) 27,109 105,470 17 Rolated party transactions There were no disclosable related party transactions during Ihe year (2023 - none). 12-