GOSFORTH MASONIC LODGE NUMBER 1664 CHARITABLE TRUST REPORT AND FINANCIAL STATEMENTS For the year ended 28 February 2025 Charity Number 1157775
GOSFORTH MASONIC LODGE NUMBER 1664 CHARITABLE TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS For the ear ended 28 Februa 2025 Contents Page Trustees annual report 1to3 Independent examiners report Statement of Financial Activities {including income and expenditure account) Balance sheet Notes lo the financial statements 7t013
GOSFORTH MASONIC LODGE NUMBER 1664 CHARITABLE TRUST TRUSTEES, ANNUAL REPORT For the year ended 28 February 2025 Overview The Gosforth Masonic Lodge 1664 Charitable Trust, registered under Charity Number 1157775, presents its annual trustees, report and financial statements for the year ending 28 February 2025. The report complies with the Charities Act 2022 and adheres to the accounting standards outlined in FRS 102 (effective l January 20151. Objectives and Activities The Trust's primary purpose is to generate funds from an investment trust to support local charities and good causes. Achievements and Performance The Trust met nine times during the year to evaluate funds and make decisions regarding disbursements. The Trust agreed the appropriate disbursements to 22 direct charities and good causes, together with working along with charities and good causes in the total sum disbursed of £28,750. Financial Review Gosforth Masonic Lodge Number 1664 Charitable Trust is funded by dividerid5, interest and net gains on investments. The total dividend income for the year was £13,98112024: £13.1661. Net gain on investments was £42,49412024: 37,7951. This income is allocated across respective funds on the Statement of Financial Activities in accordance with the Statement of Recommended Practice1SORPI. The Statement of Financial Activities for the year ended 28 February 2025. show5 a surplu5 acr055 all funds of £21.87612024.' 35,2041. The Balance Sheet at 28 February 2025 shows total funds carried forward of £618.90412024: £597,028). Investment Income Brewin Dolphin manages the Trust's investment portfolio, with trustees regularly assessing its performance through quarterly reports and consulting with representatives to plan future investments. Trustees, Overview of Trust Disbursements Over the past year, the Trustees worked hard to address the growing demands of local charities and good causes. The unstable global political landscape and adverse economic conditions significantly affected charitable investments, creating challenges for hospitals, families, and social programs. Despite these difficulties, the Trust collaborated with organizations like Bidfood and a private donor to support food kitchens. food banks, homeless initiative5, and provide aid during Christmas. Efforts focused on maximizing investment budget constraints to meet community needs.
GOSFORTH MASONIC LODGE NUMBER 1664 CHARITABLE TRUST TRUSTEES, ANNUAL REPORT For the year ended 28 February 2025 Statement of Trustee Responsibilities The trustees are responsible for prepa ring the Trustees, Annual Report and the Financi31 Statements in accordance with applicable IBW and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practicel. Charity SORP requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of incoming resources and application of resources, including the receipts and payments of the charity for that year. In preparing those financial statements, the trustees are required to: select suitable accounting policie5 and apply them consistently.. observe the method5 and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent- prepare the financial statements on the going concern basis unless It is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping accounting records that disc105e with reasonable accuracy at any time the f inancial position of the charity- They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of f raud and other irregularities. Administrative Information Registered Charity Name.. Gosforth Masonic Lodge 1664 Charitable Trust Charity Number.. 1157775 Registered Office.. 10 North Mason Lodge. Dinningtori, Newcastle upon Tyne, NE13 7LH Trustees and members of the board.. James Campbell, Chairm3n/Treasurer David Powell, Secretary/Trustee Geoffrey Kend31, Trustee Independent examiner Lilian Hetherington FCA, Connected Voice Business Services, One Strawberry Lane, Newcastle upon Tyne NEI 4BX Investment manager Brewin Dolphin, 12 Smithfield Street, London ECIA 9BD
GOSFORTH MASONIC LODGE NUMBER 1664 CHARITABLE TRUST TRUSTEES, ANNUAL REPORT For the year ended 28 February 2025 Approved by the Trustees on 16 April 2025 and signed by: James Campbell Chairmannreasurer David Powe Secretary/Trustee Geoffrey Kendal Trustee
GOSFORTH MASONIC LODGE NUMBER 1664 CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES For the ear ended 28 Februa 2025 I report on the financial slalemenls of Gosforth Masonic Lodge Number 1664 Charitable Trust for the year ended 28 February 2025, which are set out on pages 5 10 13. Respective responsibilities of trustees and examlner The charity's trustees are responsible for the preparation of the accounls. The charity's trustees consider that an audit IS not required for this year under section 144 of the Charities Act 2022 1"Ihe Chanlies Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination. it is my responsibility to.. examine the accounts under section 145 of the Charities Act. lo follow the procedures laid down in the general Directions given by the Charity Commission (under section 14515}(b) of the Charities Acl), and to stale whether particular matters have come to my attention. Basls of Independent examlnafs statement My examination was carried oul in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such mallers. The procedure5 undertaken do not provide all the evidence that would be required in an audil. and consequently no opinion is given as to whether the accounts present a 'true and fair vieW and Ihe report is limited lo those mallers sel out in Ihe slalement below. Independent examlnevs statement In connection with my examination, no material matters have come lo my attention which give me cause to believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Acl., or the accounts did not accord wlh the accounling records., or the accounts did not comply with the applicable requirements conceming the form and contenl of accounts set out in the Charities (Accounts and Reports) Regulations 2008 olher than any requirement that the accounts give a "true and fairf. view which is not a matter considered as part of an independent examination. I have come across no other matters in connection with the examination lo 1¢h attention should be drawn this report in order to enable a proper understanding of the accounts lo be reached. Lilian Hetherington FCA Fellow of the Institute of Chartered Accountants in England and Wales Connected Voice Business Services One Strawberry Lane Newcastle upon Tyne NE14BX Date: 2 3.1 IDZS
GOSFORTH MASONIC LODGE NUMBER 1664 CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES For the year ended 28 February 2025 Unreslricled Funds Total 2025 Total 2024 Income from: Donations and gifts Investment income 13,981 13.981 13.166 Total income 13.981 13,981 13,166 Ex enditure on: Cost of raising funds Investment management costs Charitable activities Grant making Donations Support costs Governance costs 5,381 5,381 4,932 20.750 8,000 132 336 20,750 8,000 132 336 10,400 89 336 Total expenditure 34,599 34,599 15,757 Net income/(expenditureJ before investment gains/(losses) 120.618) 120,6181 12,5911 Nel gainsl(losses> on investments 14 42,494 42,494 37,79 Net movement of funds 21.876 21,876 35,204 Reconclllatlon of funds Total funds brought forward 597,028 597,028 561,824 Total funds carried forward 618,904 618904 597,028 The Slalement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilie5. The note5 on pages 7 to 13 form an inlegral part of these financial statements.
GOSFORTH MASONIC LODGE NUMBER 1664 CHARITABLE TRUST BALANCE SHEET As al 28 February 2025 Charity f4umber 1157775 Total 2025 Total 2024 Flxed assots Inveslmenls 14 598.258 581.412 Total fixed assets 598,258 581,412 Current assets Cash al bank and in hand 15 20,982 15,952 Total current assets 20,982 15,952 Credltors: amounls falling due within one year 16 (3361 (336) Net current assets 20,646 15,616 Total assets less current Ilabilities 618,904 597.028 Total net assets or liabilities 618,904 597,028 Funds of Ihe charlt Unrestricled income funds 618.904 597,028 Total funds 618,904 597,028 The notes on pages 710 13 form an integral part of Ihese financial statements. These financial statements were approved by the Board on.. and are signed on its behalf by: David Roger Powell Trustee Geoffrey Kendal Trustee James Campbell Trustee
GOSFORTH MASONIC LODGE NUMBER 1664 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS For the ear ended 28 Februa 2025 1 Accountlng Pollcles The principal accounting policies adopted, judgemenls and key SoUrS of eslimalion uncertainty in the preparation of the financial slatemenls are as follows.. 2 Basis of accounting 2.1 Basls of preparation These accounts have been prepared under the historical cost convention wth items recognised al cosl or transaction value unless olherwse stated in the relevant note{s) lo these accounts. The accounts have been prepared in accordance with Accounting and Reporting by Charities.. Slatemenl of Recommended Practice applicable lo charities preparing their accounts in accordance wtth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective 1 January 2019) - Charities SORP IFRS 102), the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 1021 and the Charities Act 2022. Gosforth Masonic Lodge Number 1664 Charitable Trust meets the definition of a public benefit enlity under FRS 102. 2.2 Preparation of the accourbts on a going concern basis The charity reported total unrestricted funds at the year end of £618,904. The trustees are of the view that the immediate fLtlure of the charity for the next 12 10 18 months is secure and that on this basis the charity is a going concern. 3 Income 3.1 Recognition of income Income is recognised Mthen the charity has entitlement to the resources. any performance conditions allached lo the ilemls) of income have been met, it is more likely Ihan not that the resources will be reiVed and the monetary value can be measured th sufficient reliability 3.2 Offsetting There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by FRS102 SORP or FRS102. 3.3 Grants and donations Income from government and other grants, ether 'capital' grants or 'revenue' grants, is recognised then the charity has entitlemenl to the funds. any performance conditions attached to Ihe granls have been met, il is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advan of Ihe provision of a specified service is deferred until the criteria of income recognition are met. 3.4 Volunteer help The value of volunteer help received is not included in Ihe accounts bul is described in the trustees, annual report.
GOSFORTH MASONIC LODGE NUMBER 1664 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS For the ear ended 28 Februa 2025 3.5 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by Ihe charity., this is normally upon notification of the interest paid or payable by the bank. 3.6 Investment gains and losses This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulling from revaluing investments to market value al the end of the year. 3.7 Fund accounting Unrestricted funds are available lo spend on activities that further any of the purposes of the charity. Designated funds are unrestricled funds of the charity 1¢h the truslees have decided at their discretion to sel aside lo use for a specific purpose. Reslricted funds are donations which the donor has specified are to be solely used for particular areas of the chariws work or for specific projects being undertaken by the charity. 4 Expenditure and Ilabilities 4.1 Llablllty recognltlon Liabilities are recognised then tt is more likely than not that there is a legal or constructive obligation committing the charity lo pay out resources and the amount of the obligalion Can be measured wth reasonable rtainty. 4.2 Charltable actlvltles Expenditure on charitable activities includes the cosls of granl offerings and other aclivilies undertaken to further the purposes of the charity and their associated support costs. 4.3 Governance and support costs Support costs have been allocated been govemance cost and olher support. Governance c051s comprise all cosls involving public accountability of Ihe charity and its compliance Mrith regulation and good practi. 4.4 Irrecoverable VAT Irrecoverable VAT is charged as a cost against the activity for lch the expenditure was incurred. 4.5 creditors The charity has creditors thich are measured al settlement amounts less any trade discounts. 4.6 Provislon5 for liabllities A liability is measured on recognition at ils historical cost and then subsequently measured at the best estimate of Ihe amount required to settle the obligation at the reporting date. 5 Assets 5.2 Investments Fixed asset investments in quoted shares, traded bonds and similai investments are valued at initially at cost and subsequently al fair value (their market value} at the year end. The same Ireatment is applied lo unlisted investments unless fair value cannot be measured reliably in which case il is measured at cost less impairment.
GOSFORTH MASONIC LODGE NUMBER 1664 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS For the ear ended 28 Februa 2025 Analysls of income Unrestricled Funds Total 2025 Total 2024 6 Donatlons and legaclos Donations and gifts 7 Income from Investments Dividend income 13,981 13,981 13,168 13.981 Income was £13,981 (2024.. £13.166) of which £13,981 was unrestricted or designated (2024.. £13,166) and £nil wa5 reslricted12024.' £nil). Analysls of expenditure on charitablè actlvlties Unreslricled Funds Total 2025 Total 2024 8 Investment management costs Investment management costs 5,381 5,381 4.932 g Charitable activlties Grant Makin Changing Minds Daft as a Brush Emmaus North East FACET Guide Dogs foi the Blind Macmillan Cancer Support Marie Curie Cancer Care Great North Air Ambulance Northumberland Masonic Charity Association Kings Trust Rockets Community Foundation RMBI Friends of Scarborough Court 1,000 1,000 500 500 500 1.000 1,000 1,000 1,250 1,000 1,000 1,500 1.000 1,000 soo 500 500 1,000 1,000 1.000 1,250 1.000 1,000 1,000 500 500 500 500 500 400 500 500 Carrd forward
GOSFORTH MASONIC LODGE NUMBER 1664 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS For the ear ended 28 Februa 2025 Unrestricted Funds Total 2025 Total 2024 9 Charitable activities (Continued) RVI Breast Cancer Research RVI Children's Ward RVI Leukaemia Research RVI Motor Neuron Disease Centre RVI Proslale Cancer Research RVI Teenager Cancer Ward RVI & Freeman Hospital Robotics Research Sl Oswald's Hospice Teddy for Loving Care Appeal Walkerville Musical Society Brought fonvard 11.250 1,000 1,000 1,000 1.000 1,000 1,000 500 1.000 1,000 1.000 11.250 1,000 1,000 1.000 1,000 1,000 1.000 500 1,000 1,000 1,000 4,900 1.000 500 500 500 500 500 1,000 1,000 on Crawford House Crisis at Christmas 500 600 500 600 EMBELLS community project Inspire Youth Peoples. Kitchen West End Foodbank 500 500 4,900 1,000 28,750 500 500 4,900 28,750 10,400 ort costs Printing, postage and stalionery Bank fees 55 77 55 77 21 68 Governance costs 132 132 89 Independent examiner's fees for reporting on the accounts 336 336 336 Expenditure on charitable activities was £34,599 12024.. £15,757) of which £34,599 was unrestricted or designated (2024.. £15,757) and £nil was restricted (2024.. £nill. 10
GOSFORTH MASONIC LODGE NUMBER 1664 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS For the ear ended 28 Februa 2025 10 Feès for examination of the accounts 2025 2024 Independent examiner's fees for reporting on the accounts 336 336 336 There were no other fees paid to Ihe examiner12024-. £nill. 11 Analysis of staff costs and the cost of key managemont personnel The charily currently does not employ any paid staff. The key managemenl personnel of the charity, comprise the Trustees. The total employee benefits of the key management personnel of the charity were £nil. 12 Transactions with trustees None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity. Trustees. expenses No trustee expenses have been incurred in the year. Transaction(s) with related parties There have been no related party transactions in the reporting period. 13 Corporatlon Taxatlon The charity is exempl from lax on income and gains falling wthin section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the exlenl that these are applied to ils charitable objectives. 11
GOSFORTH MASONIC LODGE NUMBER 1664 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS For the ear ended 28 Februa 2025 14 Flxed asset Investments 2025 2024 Listed Investment Carrying (fairl value al the beginning of period Additions lo investments during period Disposals at carrying value Net gainllloss) on revaluation Carrying (fair) value at end of year 581,412 510,113 B3,251 233.610 1108,8991 1200,106) 42,494 37,795 598 258 581,412 15 Cash at bank and in hand 2025 2024 Investment cash funds Cash al bank and in hand 20.766 216 5,768 10,184 16 Creditors and accruals (payable withln 1 year) 2025 2024 Accruals Independent examination of accounts 336 336 336 336 17 Events after the end of the reporting perlod No events (not requiring adjustment lo the accounts) have occurred after the end of Ihe reporting period but before the aocounls are authorised which relate lo conditions that arose afler the end of the reporting period. 18 Analysls of charltable funds Analysls of movements in unrestricted funds For the year ended 28 February 2025 Fund balances broughl fornard Fund balances carriod forward Incoming resources Resources expended Gains I {losses Unrostrlctod funds General unrestricted fund 597,028 597 028 13,981 134,5991 42,494 618,904 618 904 Totals For the year ended 29 February 2024 Fund balances brought fonvard Fund balances carried forward Incoming resources Resources expended Gains I (losses) Unrestrlcted funds General unrestricted fund 561,824 13,166 { 15,757) 37,795 597,028 Totals Purpose of unrestricted funds General unrestricted fund 561 824 13166 The 'free reserves, of Ihe charity 12
GOSFORTH MASONIC LODGE NUMBER 1664 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS For the ear ended 28 Februa 2025 19 Capital commitments As al 28 February 2025. the charity had no capital commitments (2024.. £nill. 20 Analysis of net assets between funds Unreslricled Funds Tolal 2025 Al 28 February 2025 Investments Cash at bank and in hand Other nel current asselsl(liabilitiesl 598.258 20.982 13361 598,258 20,982 13361 618 904 Unrestricted Funds Total 2024 Al 29 February 2024 Investments Cash at bank and in hand Other nel curienl asselsl{liabilities) 581,412 15.952 13361 597 028 581,412 15,952 {336) 597 028 13