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|||||||
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||||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|
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|Long Leasehold|Property|125years|
|---|---|---|
|Office equipment||5years|
|Computer
equipment||4years|
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||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|
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||2023|2022|
|---|---|---|
||f||
|Income from listed investments|470,837|380,430|
|Bank interest receivable|9,602|178|
||480,439|380,608|
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||||2023|2022|
|---|---|---|---|---|
|Investment|managers'|fees|71,960|81&015|
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|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|
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||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|
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|||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|
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|||||||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|
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|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|
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||||||||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|
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