Charity Registration No. 1175246 Company Registration No. 11020585 West Lancashire Freemasons, Charity Company Limited By Guarantee Annual Report and Accounts 2022-2023 Helping those in need
| Contents | Pages | ||
|---|---|---|---|
| Professional Advisers |
|||
| Trustees' Annual Report (Including |
Directors' Report) | 2to6 | |
| Independent Auditor's |
Report | 7tog | |
| Statement ofFinancia | IActivities | ||
| Balance Sheet | 10 | ||
| Statement ofCash Flows | |||
| Notes to the Financial | Statements | 12to 19 |
| Registered | charity name | West Lancashire | West Lancashire | Freemasons' | Freemasons' | Freemasons' | Charity | |
|---|---|---|---|---|---|---|---|---|
| Company Limited |
By | Guarantee | ||||||
| Charity number | 1175246 | |||||||
| Company | number | 11020585 | ||||||
| Principal address and | West Lancashire | Freemasons' | Charity | |||||
| Registered | ONce | 2 Paramount | Business | Park | ||||
| Wilson Road | ||||||||
| Huyton | ||||||||
| Liverpool | ||||||||
| L36 6AW | ||||||||
| Auditor | Jackson Stephen | LLP | ||||||
| James House | ||||||||
| Stonecross Business Park | ||||||||
| Warrington | ||||||||
| Cheshire | ||||||||
| WA3 3JD | ||||||||
| Bankers | HSBC Bank pic | |||||||
| 99-101Lord Street | ||||||||
| Liverpool | ||||||||
| L2 6PG | ||||||||
| Investment | Managers | Rathbone Investment |
Management | |||||
| Port of Liverpool | Building | |||||||
| Pier Head | ||||||||
| Liverpool | ||||||||
| L3 1NW | ||||||||
| Solicitors | Browne Jacobson | LLP | ||||||
| IVIowbray House | ||||||||
| Castle Meadow | Road | |||||||
| Nottingham | ||||||||
| NG2 1BJ |
| Unrestricted | Unrestricted | Funds | |||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Note | |||||
| INCOME AND ENDOWMENTS FROM: | |||||
| Donations and legacies |
245,657 | 422,673 | |||
| Investments | 480,439 | 380,608 | |||
| TOTAL INCOME AND ENDOWMENTS | 726,096 | 803,281 | |||
| EXPENDITURE ON: | |||||
| Raising funds | 71,960 | 81,015 | |||
| Charitable activities |
544,577 | 453,639 | |||
| TOTAL EXPENDITURE | 616,537 | 534,654 | |||
| Net gains / (losses) on disposal of | |||||
| investment assets |
170,069 | (31,259) | |||
| Unrealised (losses)/ gains on |
|||||
| investments | (1,508,975) | 888,160 | |||
| NET (EXPENDITURE)/ INCOME / | NET | ||||
| MOVEMENT IN FUNDS |
(1,229,347) | 1,125,528 | |||
| RECONCILIATION OF FUNDS |
|||||
| Totalfunds brought forward |
18,896,470 | 17,770,942 | |||
| TOTAL FUNDS CARRIED FORWARD | 17,667,123 | 18,896,470 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Note | |||||
| FIXEDASSETS | |||||
| Tangible Fixed Assets |
428,428 | 432,245 | |||
| Investments | 16,953,999 | 17,636,025 | |||
| TOTAL FIXED ASSETS | 17,382,427 | 18,068,270 | |||
| CURRENT ASSETS | |||||
| Debtors | 10 | 31,081 | 136,826 | ||
| Short term deposits | 1,163 | 416,460 | |||
| Cash at bank | 378,887 | 378,943 | |||
| 411,131 | 932,229 | ||||
| CREDITORS: Amounts | falling due within one year | (126,436) | (104,029) | ||
| NET CURRENT ASSETS | 284,696 | 828,200 | |||
| TOTAL NET ASSETS | 17,667,123 | 18,896,470 | |||
| FUNDS OF THE CHARITY | |||||
| Total unrestricted funds |
17,667,123 | 18,896,470 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Note | |||||||
| CASH FLOWS FROM OPERATING ACTIVITIES | |||||||
| Net cash provided by / (used in) operating |
activities | 12 | (238,912) | (221,825) | |||
| CASH FLOWS FROM INVESTING ACTIVITIES | |||||||
| Dividends and interest from investments |
480,439 | 380,608 | |||||
| Purchase of equipment | |||||||
| Proceeds from sale ofinvestments | 2,943,255 | 1,613,726 | |||||
| Purchase of investments | (3,121,811) | (2,082,865) | |||||
| Net cash provided by/ (used in) investing |
activities | 301,883 | (88,531) | ||||
| Change in cash and cash equivalents in the |
reporting | period | 62,971 | (310,356) | |||
| Cash and cash equivalents at the beginning |
ofthe reporting | period | |||||
| 13 | 1,130,522 | 1,440,878 | |||||
| Cash and cash equivalents at the end ofthe |
reporting | period | 13 | 1p193,493 | 1,130,522 |
| Long Leasehold | Property | 125years |
|---|---|---|
| Office equipment | 5years | |
| Computer equipment |
4years |
| 2023 | 2022 | |
|---|---|---|
| Donations | ||
| General | 178,181 | 102,764 |
| Gift aided donations | 48,846 | 30,932 |
| Recoverable income tax | 12,211 | 7,733 |
| Legacies | ||
| Legacies | 6,419 | 281,244 |
| 245,657 | 422,673 |
| 2023 | 2022 | |
|---|---|---|
| f | ||
| Income from listed investments | 470,837 | 380,430 |
| Bank interest receivable | 9,602 | 178 |
| 480,439 | 380,608 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Investment | managers' | fees | 71,960 | 81&015 |
| Expenditure o |
n c | haritable activities |
||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Grants paid | ||||
| Freemasons' support |
117,862 | 144,412 | ||
| Widows' support | 172,002 | 84,284 | ||
| Other masonic support | 5,000 | |||
| Non-masonic grants |
{note6) | 166,437 | 140,865 | |
| 456,301 | 374,561 | |||
| Support casts | ||||
| Rates 5water | 10,358 | 8,442 | ||
| Heating, lighting and insurance |
7,421 | 7,445 | ||
| Telephone | 3,695 | 4,249 | ||
| Postage, stationery | 5printing | 6,373 | 10,512 | |
| Travelling expenses |
11,092 | 7,833 | ||
| Computer expenses |
30,273 | 20,465 | ||
| ONce maintenance | and repairs | 5,027 | 6,322 | |
| Bank charges | 635 | 679 | ||
| Other costs | 1,245 | 2,006 | ||
| Depreciation | 3,817 | 4,055 | ||
| Auditor's remuneration |
8,340 | 7,070 | ||
| Legal and professional | fees | |||
| 88,276 | 79,078 | |||
| 544,577 | 453,639 |
| E | |
|---|---|
| Foodbanks | 30,000 |
| Armed Forces Community British Red Cross Ukraine |
25,000 25,000 |
| Lark lane Community Centre St Nicholas Primary School North West Children's Support Group Turkey-Syria Earthquake Appeal Other |
25,000 20,744 25,000 10,000 5,693 |
| 166,437 |
| Leasehold | office | Computer | Total | ||
|---|---|---|---|---|---|
| Property | Equipment | Equipment | |||
| At cost at | start ofyear | 477,092 | 29'746 | 62,932 | 569p770 |
| Additions | during year | ||||
| At cost at | end ofyear | 477,092 | 29,746 | 62,932 | 569,770 |
| Depreciation at start ofyear |
44,847 | 29,746 | 62,932 | 137,525 | |
| Depreciation during year |
3,817 | 3,817 | |||
| Depreciation at end ofyear |
48,664 | 29,746 | 62,932 | 141,342 | |
| Net Book | Value at 31st March 2023 | 428,428 | 428,428 | ||
| Net Book | Value at 31st March 2022 | 432,245 | 432,245 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Market Value at 1st April | 2022 | 17,636,025 | 16,718,962 | ||||
| Acquisitions at cost |
|||||||
| 3,121,811 | 2,082,865 | ||||||
| Disposal at opening book | value | (2,773,186) | (1,644,985) | ||||
| Net (losses)/gains on |
revaluations | in | the year ended | 31March 2023 | (1,508,975) | 888,160 | |
| Net movement in cash |
held for investment | ||||||
| 478,324 | (408,977) | ||||||
| Market value at 31March | 2023 | 16,953,999 | 17,636,025 | ||||
| Historical cost at31March | 2023 | ||||||
| 13,974,300 | 13,625,675 | ||||||
| Analysis of investments | at 31March | 2023 | |||||
| 2023 | 2022 | ||||||
| Listed investments | |||||||
| UK quoted shares | 16,140,556 | 17,300,906 | |||||
| Other investments | |||||||
| UK Cash held by Rathbone | Investment | Management | as part of | ||||
| Portfolio | 813,443 | 335,119 | |||||
| 16,953,999 | 17,636,025 |
| Amounts due within one year: |
||
|---|---|---|
| 2023 | 2022 | |
| Income tax recoverable | 19,582 | 7,371 |
| Prepayments | 2,700 | 2,700 |
| Accrued Interest | 8,799 | 11,731 |
| Accrued income | 115,024 | |
| 31,081 | 136,826 |
| 2023 | 2022 | ||
|---|---|---|---|
| Other creditors | 4,694 | 7,549 | |
| Accruals and deferred | income | 121,741 | 96,480 |
| 126,435 | 104,029 |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| Net (Expenditure)/Income | for the | Reporting | Period (as per the Statement of | |||||
| Financial Activities) | ||||||||
| (1,229,347) | 1,125,528 | |||||||
| Adjustments for: |
||||||||
| Depreciation charges |
3,817 | 4,055 | ||||||
| (Gains)/Losses on Investments |
1,338,906 | (856,901) | ||||||
| Dividends and Interest from |
Investments | (480,439) | (380,608) | |||||
| (Increase)/decrease | in debtors | 105,745 | (121,837) | |||||
| Increase/(decrease) | in creditors | 22,406 | 7,938 | |||||
| Net Cash Provided | by /(Used | in) Dperating | Activities | (238,912) | (221,825) | |||
| 3.Analysis ofCash and | Cash | Equivalents | ||||||
| 2023 | 2022 | |||||||
| Short term deposits | 1,163 | 416,460 | ||||||
| Cash at bank | 378,887 | 378,943 | ||||||
| 380,050 | 795,403 | |||||||
| Cash held as part of | the investment | portfolio | 813,443 | 335,119 | ||||
| Total Cash and Cash | Equivalents | 1,193,493 | 1,130,522 |