THE GRAND CHARITY ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Charity Number: 1170335 Company Number: 01487345
THE GRAND CHARITY Contents Page Trustees, Annual Report Strategic Report Statement of Trustees, Responsibilities Auditorfs Report ststement of Financial Activities 12 Balance Sheet 13 Statement of Cash Flows 14 Notes to the Financial Statements 15 Page2of 19
THE GRAND CHARITY TRUSTEES, ANNUAL REPORT The Trustees are pleased to submlt their report for the year ended 31st March 2025. This report includes a directors, report as required by Section 415 ofThe Companies Act 2006 and a strategic report as required by The Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013. Reference and Administrative Information Name and Reglstered Office The name of the charity is The Grand Charity (the ChariW) and it has its registered office at 60 Great Queen Street, London. WC2B 5AZ. Trustees The Trustees who served during the year were: The Masonic Charitable Foundation ("MCP') (Corporate Trustee, Registered Charity No. 1164703. Company Number 09751836) James M. Long, TD The trustees of the MCF who served during the year were: Clive Emerson (Treasurer) Dr Simon Fellerman Edward Goodchild (Deputy President) Alan Graham, MBE Christopher Head (Resigned 1 gt August 2024) David Hudd {Appoint8d 29th May 2024) James Long, TD (President and Chairman) Charlotte Miller (Resigned 13. June 2024) Stephen Robinson Marie Shenton David Southern (Resigned 30th June 2024) David Stockdale {Appointed 22" May 2024) Bruce Walker Sir Paul Williams, OBE, KStJ. DL (Resigned 26" April 2024) Howard Wilson Page 3 of 19
THE GRAND CHARITY TRUSTEES, ANNUAL REPORT Executive The Executive during the year to 315t March 2025 were: Les Hutchinson, Chief Executive Charles Angus, Group Finance Director Brenda Nurse, Company Secretary Auditor Knox Cropper LLP, Chartered Accountants, 65 Leadenhall Street, London, EC3A 2AD Bankers Barclays Bank Plc, Level 28, 1 Churchill Place, Canary Wharf, London, E14 5HP Investment Advisors Asset Risk Consultants Limited. 7 New Street, St. Peter Port. Guernsey, GY12PF Investment Managers Royal London Asset Management Ltd., 55 Gracechurch Street, London, EC3V OUF Solicltors Stone King LLP, Boundary House, 91 Charterhouse Street, London, EC1 M 6HR Page 4 of 19
THE GRAND CHARITY TRUSTEES. ANNUAL REPORT Structure, Govemance and Management Oryanisation The Charity is Constituted as a company limited by guarantee and its goveming document is its articles of association. The Charity was renamed from Masonic Charity Trustee Limited on 161h December 2016. The unrestricted assets from the unincorporated trust, together with Ihe Stricted Transferred Beneficiaries Fund, wer8 transferred to the Charity with effect from 1" February 2017 following a resolution from the trustees made on 15 Dec8mber 2016. The restricted Relief Chest Fund remains in the unincorporated trust. The Transferred Beneficiaries Fund was transferred to the Royal Masonic Benevolent Institution (RMBI) on 1 St Novemb8r 2017. As the trustees consist of the Masonic Charitable Foundation (°MCF°) and the chainnan of the MCF, the MCF exercises control over the Charity, and will consolidate the Charity's results in its group accounts. Details of the processes for the appointment, induction and training of the MCF'S truslees are given in the annual report and accounts of that company. Governanco and Management All governance and management capabilitias are provided by the MCF and details of the relevant committees and processes are provided in the annual report and accounts of that company. Trustees and committees of the MCF address the specific needs of the Charily as part of their roles and responsibilities for the MCF. Th8 trustee board and the main committees meet as follows: Boardlcommittee Purpose Meetings per ear Trustee Board Main decision-making body with ultimate responsibility for the Chari Identification and mits" ation of risk, oversi ht of external audit Consideration of applications for grants from organisations re nised b the Chari Commission Ensuring adequate procedures are in place to manage all as ects of financial lannin controllin and re ortin Supporting the masonic community's fund raising activities to su ort the Charit Maintaining investment strategies to meet the requirements of the Chari ointment and rnonitorin of fund mana ers Consideration of applicalions from individuals connected with the masonic communit for financial relief Development and execution of strategies to oplimise the retums from the Chari ert ortfolio Detennination of executive and staff & benefits Development and implementation of strategies to support the Charity's objects"ves. In addition, the trustees hold an annual strate ic 'awa da Audil and Risk Charity Grants Finance Fundraising Invastments Masonic Support Property (RMTGB onl Remuneration strategy Page 5 of 19
THE GRAND CHARITY TRUSTEES, ANNUAL REPORT The Charity does not employ any stsff, with services being provided by staff employed by the MCF. These services are recharged by the MCF monthly, based upon the number of grants processed, as detailed in note 6 to the accounts. STRATEGIC REPORT Objectives and Activities Objectives Following depletion of its reserves during the course of the previous year, there has been no further thlrd- party grant making during the course of the current year and the Charity will remain open solely for the receipt of legacies that will then be transferred to the MCF to continue supporting beneficiari8s. Financlal Review Review of the Year With no remaining festivals and the depletion of the CAIF, there are no ongoing sources of income save for the occasional legacy. Legacies, which are by nature variable reduced from £0.88 M in 2024 to £0.80 M for the Gurrent year. Total expenditure increased to £0.99 M from £0.75 M in the prior year. This consisted of surplu8 funds transferred to the MCF to support its payment of beneficiaries, leaving a deficit for the year of £0.18 M (2024: surplus of £0.13 M), which was transferred to reserves. Reserves Policy The reserves for the Charity ended the year at £0.09 M. No further third-party grant8 or other expenditure will be made in the future. Any residual legacies received by the Charity in the future will be Iran8ferr8d to the MCF in order to support the funding of th8 grant activities that it has taken over. Page 6 of 19
THE GRAND CHARITY STRATEGIC REPORT Principal Risks and Mitigation The principal risks identified and agreed actions to mitigate are shown in the following table: Rlsk Grants made outside the Charity's Objects and ratin uidelines Cyberattack on IT systems Conse uenco Reputational damage. loss of confidence with key stakeholders and otential trustee liabili Operational disruption resulting in financial, puta'Ona1, legal and regulatory damage. Mltl ation Strong procedures and controls for processing grants. Oversight from Masonic Su rt and Chari Grants committees UGLE manage and monitor networks, S8rvers and backup systems, and has deployed appropriate defence mechanisms e.g. firewalls, anttvlrus etc. Third party hosted systems /applic8tions have relevant controls and security regimes. Information systems are only accessed vla the VPN network andlor multi- factor authentication protocols, MCF'8 Infonnation Security Group (ISG) have various digital & IT procedures and policies in place. Cyber awareness and trainin rarnme mandato for all staff. Data protection policy, IT security and HR olicies in lace Flnancial procedures. segregation of duties, authority limits, IT security. increased awareness amon t staff MCF Business Contlnuity Plan Dats protection breach Reputatlonal damage and significant financial enalties Financial loss, reputational damage, adverse impact upon staff Fraud Unavailabillty of office accommodatlon Loss of paper records from firefflooding Operations compromised Breach of legal obligations, adverse impact upon operations, potential financial enalties 8reach of legal obligations, potential financial penalties, breakdown of staff morale and adverse impact n service rovision Operational breakdown, adverse impact upon staff morale. poor service to beneficiaries and potential re utational dama Reduced relFance on paper records with increased use of IT. Lack of compllance with employment legislatlon HR procedures and staff handbook. Induction processes for new staff. Ongolng management training and Personal Develo ment Review HR procedures: organisalional and succession planning. Comprehensive documentation of procedures and controls Undue reliance on key persons Risks are actively monitored by the Executive and the senior leadership team, and formally reviewed by the audit and risk committee at their quarterly meetings. Plans for Future Periods The Charity will remain open for the sole purpose of receiving donations and legacies, the value of which will be transfeed over to the MCF. Page 7 of 19
THE GRAND CHARITY STATEMENT OF TRUSTEES, RESPONSIBILITIES ststement of Rasponsibilities The Trustees, who are also the directors of the Charity for the purposes of company law, are responsible for preparing the trustees, report and financial statements in accordance with applicable law and United ngdom Accounting Standards (U.K. °GAAP'). Company law requires the Trustees to prepare financial statements for each financial year. which give true and fair view of the state of affairs of the Chaiity and of the income and expenditure of the Charity for that year. In preparing these financial statements, the Trustees are required to: select suitable accounting polici88 and then apply them consistently; observe the methods and principles in Accounting and Reporting by Charities: Statement of Recommended PraGtice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102); maka judgements and estimates that are reasonable and prudent; state whether United Kingdom accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the finanGial statements on the going concern basis unless it is inappropriate to presume that the charty will continue to operate. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial 8tateme:. .s Co,P,Y INith the Companies Act 2006. Thev 4rA also responsible for safeguarding the assets of the Charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities. ststement of Dlsclosuro of Information to Audltor Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information. Auditor A rasolution proposing that Knox Cropper LLP be reappointed as auditor will be put to the members. Approval by Trustees This report, including the strategic report, was approved by the trustees on 11 September 2025 and sign donth 'r behalf by Long. TD President and Chairman, MCF Page 8 of 19
THE GRAND CHARITY REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBER OF THE GRAND CHARITY Oplnlon We have audited the financial statements of The Grand Charity (the 'Charitable Compan51) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheel, Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, induding Financial R8POrting Standard 102 The Financial Reporting Standard applicabl8 in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements". give a true and fair view of the state of the Charitable COmpanS affairs as at 31 March 2025 and of its income and exp8nditure for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006. Basls of opinlon We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those stsndards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements Ihat are relevant to our audit of the financial statements in the UK, including th8 FRC'S Ethical Standard, and we have fulfilled our other elhical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relating to going concern In auditing the financial ststernents, we have conduded that the Trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we hav6 perfonned, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charitable Company's ability to continue as a going concem for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concem are described in the relevant sections of this report. Other infomiatlon The other information comprises the information included in the annual report. other than the financial statements and our auditorfs report thereon. The trustees are responsible for the other infonnation. Our opinion on the financial statements does not cover the other infomiation and, expt to the extent otherwise explicitly stated in our report, we do not express any form of assuran conclusion thereon. Page 9 of 19
THE GRAND CHARITY REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBER OF THE GRAND CHARITY Our responsibility is to read the other infonnation and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies Of apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there 15 a material misstatement of this Other information, we are required to report that fact. We have nothing to report in this regard. Opinion on other matt8r8 pr•scrlbed by th• Compani88 Act 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the Trustees, report. which includes th8 directors. report and the strategic report prepared for the purposes of company law, for the financial year for which the financial statements a prepared is consistent with the financial statements; and the strategic report and the directors, report included within the Trustees, report has been prepared in accordance with appliGable legal requirements. Matters on which we are roqulred to report by exception In the light of the knowledge and understanding of the Charitable Company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors, report included within the trustees, report. vile nave noining io report in respect OT Trie Toilowing matters where iiiu CorTIPdnieii Acl 2006 raquires Ui to report to you If, in our opinion: adequate accountlng records have not been kept, or retums adequate for our audit have not been received from branches not visited by us; or the financial statements are not in agreement with the accounting records and returns; or certain disclosures of trustees, remuneration specified by law are not made; or we have not received all the information and explanations we require for our audit. Rosponslbilities of Trustee3 As explained more fully in the Trustees, Responsibilities Statement set out on page 9, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the Charitable Company's ability to continue as a going concern, disdosing, as applicable, matters related to going conrn and using the going concern basis of accounting unless the trustees either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so. Page 10of 19
THE GRAND CHARITY REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBER OF THE GRAND CHARITY Auditovs responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatemen( whether due to fraud or error. and to issue an auditorfs report that includ88 our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordan with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are InStanS of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The ext8nt to which our procedures are capable of detecting irregularities, including fraud is detailed below: The Charitable Company is required to comply with both company law and charity law and, based on our knowledge of its activities, We identified that the legal requirement to accurately account for any restricted funds was of key significance. We gained an understanding of how the Charitsble Company complied with Its legal and regulatory framework, including the requirement to properly account for any restricted funds, through discussions with management and 8 review of the documented policies, procedures and controls. The audit team. which is experienced in the audit of charities, considered the charitable Gompanvs SU8ceptibility to material misstatement and how fraud may occur. Our considerations included the risk of management override. Our approach was to check that all restricted income was properly identified and separately accounted for and to ensure that only valid and appropriate expenditure was charged to restricted funds. This included reviewing joumal adjustments and unusual transactions. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.or .uk auditorsres onsibilities. This description forms part of our auditor's report. Use of the audlt report This report is made solely to the Charitable Companys member in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so Ihat we might state to the charitable company's member those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume resF)onsibility to anyone other than the Charitable Company and the Charitable Companls member for our audit work, for this report or for the opinions we have formed. r50rf Stephen Anderson FCCA Senior Ststutory Auditor for and on behalf of Knox Cropper LLP Statutory Auditor 65 Leadenhall Street London EC3A 2AD 06 Nov 2025 Page 11 of 19
THE GRAND CHARITY STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2025 (Including an Income and Expenditure Account) Note 2025 £'ooo 2024 £'ooo INCOME Donations and legacies 804 879 Total Incomo 804 879 EXPENDITURE Investment management costs (o) (1) Charltable actlvltlas Masonic grants Non-masonic grants (1,000) 13 (780) 987 750 Total expondlture Net Incomel(expendlture) I ransTers between funds 987 751 (183) 128 NET MOVEMENT IN FUNDS 183 128 Total funds brought forward Total funds ¢arrlod forward 272 144 89 272 All income and expenditure derive from continuing actlvities and all gainsllosses are included in the statement of financial activilies The notes on pages 15 to 19 fom part of these financial statements. Pag8 12of 19
THE GRAND CHARITY BALANCE SHEET as at 31 March 2025 Company Number 01487345 Note March 2025 £'ooo March 2024 £'ooo FIXED ASSETS Investrments CURRENT ASSETS Debtors Cash at bank and in hand 95 291 95 292 CURRENT LIABILITIES Creditors falling due within one year NET CURRENT ASSETS (6) 89 (27) 265 Totsl net assets 89 272 CHARITABLE FUNDS Unrostricted fund8 General reserves 89 272 Total charltablo funds 89 272 The financial statements Were approved and authorised for issue by the Trustee Board on 11 th September 2025 and signed on their behalf by: ong, TD Clive Emerson President and Chairman Tre88urer The notes on pages 15 to 19 form part of these financial stalements Page 13of19
THE GRAND CHARITY STATEMENT OF CASH FLOWS YEAR ENDED 31 MARCH 2025 2025 £'ooo 2024 £'ooo Operating Activities Net ca8h provided byl(used In) Operating Activltles Cash flows from investing activitles Purchase of investments Disposal of investments Net cash provided byl(used In) Investlng Activities Chang8 in cash and cash equivalonts In the reportlng period Cash and cash equivalents at the beginning of the reporting period Cash and cash equlvalents at the end of the reporting period (7) (1) (1} Notes on the cash flow statement ReGonclliation of net Incomel(expenditure) to net cash flow from operatlng actlvlties Net movement in Funds as per the Statement of Financial Activities (183) 128 Adjustmgnts for: Decrease in debtors (Decrease) in creditors Net cash provlded byl(usod In) Operatlng Activities Analysis of cash and Gash equivalents Cash 8t bank and in hand 196 (21) 30 (152) Total cash and cash equlvalents Page 14of19
THE GRAND CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES (a) Statement of compliance The financial statements of The Grand Charity (the °Charity') have been prepared in accordance with applicable UK accounting standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland. (°FRS 102"). Additionally, they comply with the Companies Act 2006, the Charities (AGcounts and Reports) Regulations 2008 and the Statement of Recommended Practice "Accounting and Reporting by Charities. (FRS102 second edilion) published in 2019 (the "SORP") in all material respects. The Charity m88t8 the definition of a public benefit entty under FRS 102. (b) Ba818 of proparatlon The financial statements have b8en prepared on a going concern basis under the historical cost convention, as modified by the revaluation of investments, on a b8SI8 consistent with previous y8ars. The functional currency of the Charity is considered to be Pounds Sterling because that is the currency of the primary economic environment in which the Charity operates, (c) Going concern The Trustees have assessed whether the use of the going concern assumption is appropriate in preparing these finanGial statements. The Trustees have made this assessment in rgspect to a period of one year from the date of approval of these financial statements. The Trustees of the Charity have concluded that there are no material unGertainties related lo events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concem. The Trustees are of the opinion that the Charity will have sufficient resources to meet its liabilities as they fall due. Page 15 of 19
THE GRAND CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 (d) Incoming resources Revenue is recognised when the significant risks and rewards of ownership have been transferred, the amount of revenue can be measured reliably. it is probable that future economic banefits will flow to the Charity and when the specific criteria relating to each of the Charity's revenue channels have been met, as described below: Monetary donations are brought into account when received. Legacies are recognised where there has been a grant of probate, the executors have identified that there are sufficient assets in the estate after settlement of liabilities to pay the legacy and any condition8 attached to the legacy are either in control of the Charity or have been met. Legacies subject to the interest of a life tenant are not recognised during the lifetime of the lrfe tenant. Dividends are reinvested in the CAIF on th8 date that they are dedared. (e) Resources expended Liabilities are recognised as exp8nditure as soon as there is a legal or construdive obligation committing the Charity to that expenditure, it is probable that settlement will be required and the amount of any obligation can be measured reliably. All resources expanded are recognised on an accruals basis, with the exception of grants as noted below. Expenditure on generating funds includes costs of fundraising and maintenance of festival and donor records, together with the management of the investment portfolios. These costs include the allocation of support costs relating to these adivities. Charitable activities are split between masonic activities and grants awarded to extemal institution8 (designated as 'non-Masonic° within the SOFA>. Masonic activities include the payment of grants directly to beneficiaries together with related welfare and support costs. Non-masonic activities consist of the payment of grants to extemal institutions. Support Gosts are allocated to these activities on the bases laid out in note 6. Grants are recognised as expenditure in the year in which the grant is formally approved by the Charity and has been communicated in writing to the recipient, except to the extent that it is subject to conditions that enable the Charity to revoke the award. The provision for multi-year grants is recognised at its psent value when settlement is due over more than one yearfrom the date of the award, there are no unfulfilled perfomiance conditions under the control of the Charity that would perrnit it to avoid making future payments. settlement is probable and the effect of discounting is material. The discount rate used is the long-term return of inflation plus 4 percent used as the target for the Charity's investment portfolio. Page 16 of 19
THE GRAND CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 (f) Employee benefits All staff are employed by the parent charity, The Masonic Charitable Foundation, and recharged to the Charity based upon the relativ8 number of grants processed. Infomiation relating to those employees is given in the accounts of the Masonic Charitable Foundation. (g) Fund accounting Unrestricted funds may be utilised for any purpose in accordance with the charitable objectives of the Charity. (h) Flnanclal assets and Ilabilities Th8 Charity has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments. Financial assets and liabilities are recognised when the Charity becomes a party to the contractual provisions of the instrument. Financial assets and liabilities which qualify as basiG financial instruments are initially recognised at the settlement amount after any trade discounts. They 8re subsequently valued at amortised cost and assessed for impaimient at the end of each reporting period. Where sett18ment is not expected within 12 months of the balance sheet date, then the asset or liability is discounted using the long tenn retum of inflation plus 4 percent used as the target for the Charity's investrnent portfolio. Basic financial instruments include debtors, cash and creditors within the balance sheet. (i) Taxation The Charity is exempt from taxation on its income and gains falling within Part 11 of the Corporation Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that they are applied to its charitsb18 activities. The Charity is unable to recover Valued Added Tax (VAT) incurred on exp8nditure. The amount of VAT th8t cannot be recovered is included within the underlying cost to which it relates. DONATIONS AND LEGACIES 2025 £'ooo 2024 £'ooo Donations Legacies 801 879 804 879 INVESTMENT MANAGEMENT COSTS 2025 £'ooo 2024 £'ooo Support costs Page 17of 19
THE GRAND CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 CHARITABLE ACTIVITIES 2025 £'ooo 2024 £'ooo Masonic Poverty relief 1,000 1,000 780 Non.Ma8onlc Isolation in Later Life Other Charitable Purposes (30) (13) 13 30 Audltor's remuneration of £2k (2024: £2k) is included in support costs to charitable activiti8S. 5, STAFF COSTS The Charity employed no 8taff during Ihe year (2024: None). Staff recharges from the MCF to the Charity are included within the management charge analysed in note 6 above. No Trustees received remuneration from the Charity durlng the year (2024.. £Nil). No Trustees, expenses were inGurred during the year (2024: £Nil). INVESTMENTS March 2025 £'ooo March 2024 £'ooo Flxed Asset Investments: - Managed Funds MCF CAIF MOVEMENTS IN INVESTMENTS Balance at 1 April 2024 Additions Disposals Gains1(losses) (7) Balance at 31 March 2025 Page 18 of 19
THE GRAND CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 DEBTORS March 2025 £'ooo March 2024 £'ooo Other debtors 95 291 95 291 CREDITORS March 2025 £'ooo March 2024 £'ooo Falling due within one year Grants payable 27 27 RELATED PARTY TRANSACTIONS The MCF has paid out grants on behalf of the Charity during the year, and has been reimbursed by the Charity. Additionally, the MCF has borne all the administrative costs of supporting the Charity as well as its fellow subsidiary charities. 10. LEGAL STATUS The Charity is a company limited by guarantee and has no share Gapital. The liability of the member in winding up is limited to £1. 11. ULTIMATE CONTROLLING PARTY The ultimate controlling paty is the Masonic Charitable Foundation (Registered Charity No. 1164703, Company Number 09751836). which is the sole member of the company. Consolidated accounts for the MCF, which include the accounts of the Charity, can be oblained from the registered office of the Charity. Page 19 of 19
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Knox Cropper LLP
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Envelope generated by Olivia Burrell (77.98.20.200) Document generated with fingerprint a9e26922681627cd3f12554d2c7aa1a9 (77.98.20.200) Document generated with fingerprint 988a3175bf3d66643b8f2b6dbb93450c (77.98.20.200) Document generated with fingerprint 676a4bdcf605405e8a9de57ab40b62bd (77.98.20.200) Document generated with fingerprint a67207a6765365a015c5fbfd5e7f94b0 (77.98.20.200) Document generated with fingerprint 321303b94051c5ec8dbc7f5becc3d542 (77.98.20.200) Document generated with fingerprint fbc52392f44cdc716887802640f1a885 (77.98.20.200) Document generated with fingerprint 2d85bd9dc8e0681995c4651cd62ab10e (77.98.20.200) Document generated with fingerprint 28480fca46ecf34eac78dd5bd77d9afc (77.98.20.200) Sent the envelope to Stephen Anderson for signing (77.98.20.200) Document emailed to party email Stephen Anderson opened the document email. (85.210.240.70) Stephen Anderson viewed the envelope (212.139.80.121) Stephen Anderson viewed the envelope (212.139.80.121)
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