Charlty gIstratIOn number 1178008 (England and Wales) CORNWALL MASONIC CHARITABLE FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
CORNWALL MASONIC CHARITABLE FOUNDATION LEGAL AND ADMINISTRATIVE INFQRMATION Trustees Mr M B Priichard. President Mr D G Leaily Mf D G Maskell Mr G N Bennett Mi L J Sleep Mr P J Evere51, seCretaryreasUr (Appointed 29 January 2025) IAppolnted 29 January 202S1 {Appo5nled 29 March 20251 Mr A W Douce Mr D Stephens Charity number 1178008 Prlnclpal offlco Provincial Grand Lodg¥ ol Cornwall 7A New Brtdge Street Truro Cornwall TR12AA Independent examlnèr Matthgw W8bb Azels Audit S8rv1¢98 Woodlands Court Truro Business Park Tiuro Cornwall TR4 9NH Bankers Lloyds B8nk PIC 7 Boscawen Street TnJfO Cotnwwll TRI 2QT Brokers Br8win Dolphin 22 Lemon Slieel Truro Cornwall TR12LS
CORNWALL MASONIC CHARITABLE FOUNDATION CONTENTS Page Truslee8' report Statement of Truslee$' r8$ponsibllllles Independenl ox8minerf$ reporl Slat¢menl of ffnanei81 aclivities Balance sheet Notes to th9 flnanclal statements 8-17
CORNWALL MASONIC CHARITABLE FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustees present their annual report and fln8nci01 stslémonls for the year ended 31 December 2025. The finariclal stalemenis have been prepared In 8ccord8n¢e wlth the a¢counllng poll¢les sel out Sn note 1 to the rinanci21 statements and comply with the Charivs governing documetht, the Chaiilies AGI 2011 and Accounting and Reporting by Charities.. Statement ol Recomrnended Practice applicable lo Charities preparfng their accounts in accordance with Ihg Financlal R9porbn9 Standard applicable in the UK and Rgpubllc of Ireland IFRS 1021 lelfeclive 1 January 20191. Oblectlvgs and alrns The objects of the Charity are lo recelve donatlons from individual Masons, Lodge5, Chapters and other Mascfiic Bodies, and lo distribute such sums lo Masonlc and Non-masonic Charitles whether or not registered under Ihe Charities Act, and to also offer help and assistance lo poor and dlstressed Fr&emasons and their familles who are In need. The trustees meet annually lo consider the grants lo be made during the forthcom1ng year and there is also an investment 5ub-Gommllla& that meets as and when required. Thè Cornwall mason Charitable Foundallon ICMCFI was formed in 2018 after the declslon was lakan by the Trustees to close the Comwall Masonlc Benevolent Fund ICMBFI and the Comwall Masonlc Grand Charity ICMGCI whosè work hèd been sup8rseded by the introduction of the Relief Chesl system ullder the auspices of the Fre¢masons Gland Charity In London, where donatlons lo local festival fund raisingi would henceforth go dSrect from individuals and lodges lo the Relief Chèst, and not through the local charities. The Trustees have paily dua rogard to guidanc8 Issued by the Charity Cornmission in deciding what activities tha Charlly should und8rtake. Achlgvernents and pèrformanca The charlty Mas been we51 supported by the Freemasons of Corllwall, individually and through their respective lodges. Durin9 the year the Charity Tecgived donations of £40,84412024.' £22.3241. Flnanclal revlgw Total income lor the year was £67.68312024.' £50,711}. There are no reslri¢tlons on Ihg Ch8rity's power to invest. The investment strategy Is revlewed annually by the trustees and takes into account the incofflp requiremenls, Ihe rlsk profile and the investment manager's view ol Ihg market prospects In the medium term. 11 is the Charity's poli¢y lo invésl unTèStricl8d luncls in low and medium risk inveslrnenls a balanced portfolio., to seek an annual return of between 3Yo and 4)/¢ SLtch as to m&et as far as possible adminislralivg and supput eosls,. and lo hold cash balances sufficient to cover those costs and grants for the following two years. R•stFves pollcy 11 is the Charity's policy Its hold sufflclenl investments with the aim that they will produc8 at s mlnlmum, a noiEonal 4010 annual relum in order lo meet the ehÉrity's annual running costs less the annual contribution from the Province of Cornwsll. Based on annual ch8rit8ble exp¢ndilure ol approxlmatew £35,000 less Ihe conlribulk>n 01 £6,600 givlng a nel 8xp8ndilure of £28,400 the charity aims lo hold investtllen15 of at lea5l £710,000. In addition lo hold sufflcienl reserves In cash at Ihe bank to meet at least two years Worth ol gross expenditure. BAsed on the annual expenditure of 8pproxlmately £35.000 the charity airns to hold cash al th8 bank of 81 leasl £70.000. As al the 31 December 2025 the cash at the bank was £102,496 and the value ol the investment was £858,096, the requlrements of the res8Ne policy havo baèn met. Free reserves were E949,74612024.' £883,028).
CORNWALL MASONIC CHARITABLE FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Rlsk manag•m•nt The Trustees have revSewed the major stratagic and operational risks whlch the Charity faces and confimi that systams have been established to enablè regular reports lo btr produ¢ad so Ihol the nocessary steps can bè tak9n 101&sSgn tho88 rfsks. The maln areas of rlsk identified wtrre:. Slgnifl¢8nl long-18m loss In Ihe value of the Investment portfoS10: Ihls has been millg8ted by the contlnu8d engagement of brokeTS and by gfving them appioprlatè Inslructions. The possibillly of donations lo Inappropri8t8 ch8rit8bl# ptjfposes.. thls has been mlllgated by careftjl $¢rutlny by the Trustees of Ilkely reciplenls. Gonèral opgrallonal fisks.. thasè have been rnitigated by closÈ ¢onlrol and $upèrvtsion of the (lat0-daY operations of the Charty by the èxecutive members and the adopuon of best practlce lo all aspects of th Charfty's aelivi15es. structure, governonco and mJnag•m•nt The Comwall Masonlc Charrtable Foundation Is (xFnsliluled as an uninrpOrated 8s8ocS8tron. Is 90med by the constilulion adopted on 1 April 2017 as amended on 2 June 2021 and is a Tegislered charlty No. 1178008. Trustees are the persons that hold th¢ lollowh)g poslllons wilhln the PrOnCe of CornwBII'. Th* Provincial Grand Master Thtt Depuly Provlneial Grand Master The Assistant Provlnclal Grand Masters The Provincial Grand Charlty Slgward Inducllm procedures are in place for newty 8ppolntèd Trustee$. Overall pollcy 18 de18minad by tha Trustees as a whole, wlh day lo day rnanagement delegalpd to the Secretary Mr P.J. Everest and the admlnlstrator Mr l.B. Henwood. The financial IransactiC>ns and bank recon¢lliatlons for the Cornwall Masonlc Charitable Foundatlon completed by thg Troasurer. The Trustees who served durfng the year and up to the daltt of shjnature of th8 financlal 8tat8m8nts were.. Mr M B Pritchard, President Mr D G Lsalty Mr D G M4sk&ll Mr G N Bennait Mr L J Sleep Mr P J Everest, Se¢r¢tsryifre8sufer MrAW Douce Mr D Stsphens {Appoinlecl 29 January 20251 (Appointed 29 January 20251 {Apptsinl8d 29 Mah 20251 Thg Managemenl Commillea 11 appolnl and may detomilne the appolnlmenl of not less than four persons lo a¢1 as Tfuslees ol Ihe Foundation for the puryjosè of holding any monies, investmenis or property belon9lng to the Foundatlon. Publle b8nefit The Trusl¢es consSder they have compfied wllh IheSr duty In Sectlon 17 of the Charities Act 2011 which requiré$ them lo hxvÈ due regArd lo guidance published by the Ch8rlty Commlsslon. In partlcular. the Charity belleves that in supporting the Cenlr81 Masonic Charittes in ro18tion through Féstival Appe2ls 11 is r68chlng more than 200,000 Freemason5 in England & Wales and a sSmilar number of iJ&pendanl$ as de$¢rfb8d above.
CORNWALL MASONIC CHARITABLE FOUNDATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Tha Twst898' report was approved by the Board ofTN8lee8 8nd slgnod on Its behalf by: IAr M B Pdtchard. Presldenl Mr P J Everest. Secretaryrrrea8uror 2r lL
CORNWALL MASONIC CHARITABLE FOUNDATION STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2025 The Trusl8ès are rGsponslble for preparing the Trustgas. Report and the finandal stalernents In accordance with applicable law and unl¢ Kingdom A¢¢ounting Standards Iunlled Kingdom Ganèrally Accepted Accounting Praclicel. The law appliGabl8 to charltlas In England and Wales requires the Twslees to prepare finan¢l818lateTnenls for each tinancial year which gfve a true and fAlr vlew of the stsle of affairs of Ihe Ch$wity of the incominu resources and applicallon of resources of the Charity for th81 year. In preparfng Ih88914n8ncS8l slaltrm9nl8. the Trust88S 8r8 requlr¢d to.. select suitable accounting policies and then apply them con8lstèntly', obseNe Ihe methods and princlples In the Ch8ri11es SORP.. makè ludgemenls and estimates that are reasonable and prudent- 818le wh81her applicable accounting staThJards have been followed, sublecl to any materlal departurès disclosed and explalned in the flnancial statemgnts., an(1 prepare the financial ststements on the going concern ba$1$ unlo8S It15 inapproprfate lo piesume that the charity wlll continue In operation. Thg Trustees are résponslblg for keaplng sUffiCnI o¢¢ountlng r8¢ords that dl$¢lo$¢ wlth fO8son8ble accuracy al any time the financl81 posill¢n tsf the Charlty and enablè thtsm to &nsure that the fjnancial statements cornply wmh the Ch8rltles Act 2011, the Charity (Accounts and Reports) Regulalknns 2008 and the provlslons ol the trust deed. They arè Èlso responsible lor safeguarding the assets of the Charily and hence lor taking asOnabl0 $l¢p$ for the prevenllon And detectlon of fraud and other Irregularftles.
CORNWALL MASONIC CHARITABLE FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CORNWALL MASONIC CHARITABLE FOUNDATION I report to the Trvsleè$ on my examination of the financial slalemenis of Comwall Masonic Charitable Foundation Ilhe Charity) for Ihe year ended 31 De¢Èmber 2025 whlch are sel oul on pages 6 10 17. Responslbilitles and basis of rèport As the Trustees of Ihe Charity you are responsible for the preparation of Iha finanaal slalemenls In accordance wlth the requirements of the CharitÈs Aet 2011. I report in respecl ol my 8xaminalion ol the Charills linaneial statements carried oul under section 145 of the Charities Act 2011. In Carrying out my examination I have followed the Dlr4ctions gwen by the Charity G)mmission under secllon 14515llbl of the Charities AGI 2011. Ind•p8nd•nl exam5ner's statement Your attention is drawn to the lacl that the charity has prepared the financlal statements in accordance wllh the relevant verslon ol the St8temenl of Reeommended Practice applirablè lo chaililes preparing thelr financial ststement$ In accordance with the Financial Raptsrting Standard applicable in th8 UK Republic of Ireland IFRS 102) in prefergnca to the Accounting and Reportng by Charities.. Statement of Recornrn8ndèd Practice issued on 1 Ap¥ll 2005 whlch Is r&f6rrèd lo In the extant regulations bul has now been wlthdrawn. l undefsland that this has b$¢n donè In order lor Ihe financial siaternsnls lo provide a true and falr vl8w In accordance wilh UK Generally A¢¢epled Accounting Practi. I hava comploled my examinatlon. I confirm Ihal no matter5 have comè to my attention in connection wlth the èxamination giving me cause lo belleve that In any materlal respect.. arKounlirng records were not kept In rèspect ol the Charity as requlwd by sectlon 130 of the Charitles Act 2011. thè nanCIal slalements do ntrt accord Nvilh those records; or the financial stalemenls do not comply with the applicablg requlramenls concerning the lom? and coTrlenl of fiftancial statements sèt out In the Charities (Accounts 8nd R8POrtsl Re9ulations 2008 other than any requirement that the financial 8lal8menls glve a true and fair view, which Is not a matter considoY8d as part of an indepgndgril trxatnination. I have no concems and have ¢ome across no other matle¥s in connection with the examlnalion lo which attention should be drawn in this feport in order lo enable a proper understanding of the financlal statements to be reached. Matth•w Webb BA (Honsl BFP FCA Azets AudSt SgNlces Woodlands Cotjrt Truro Business Park Truro Cornwall TR4 9NH 10 L Dot6'.
CORNWALL MASONIC CHARITABLE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 Unrestrlctod R•strlct•d funds funds 2025 2025 Toial Unrestrlcted Rg$trlcted funds funds 2024 2024 Totsl 2025 2024 Not¥$ Incom8 from: Donatlons and legacies Inveslmènls 34.899 26,839 5.945 40,844 26,839 18,005 28,387 4,319 22,324 28,387 Total Income 61,738 5.945 67.683 46,392 4,319 50.711 Expendltur• on: Charltable donalons Charltsble actlvlties 23,841 34,796 6.172 30,013 34,796 21,000 35,689 5,107 26.107 35.689 Total expenditur• 58,637 6,172 64,809 56,689 5,107 61.796 Net gaSnslllossos1 on Inv8$1mtrnts 66,630 66,630 25.350 25,350 N•t Incom(expendIÉuTpl 89,731 1227) 69.504 15,053 17881 14.265 TrBnsfers betsveen funds 12.5001 2,500 15,000} 5.000 N•t mov•m•nt In funds 67.231 2,273 69.504 10,053 4212 14,265 R6conclllat5on of funds.. Fund balances al 1 January 2025 883,028 4,216 887,244 872,975 872.979 Fund balaneès at 31 Doc•mbgr 2025 950.259 6,489 956,748 B83,028 4,216 887,244
CORNWALL MASONIC CHARITABLE FOUNDATION BALANCE SHEET ASAT31 DECEMBER 2025 2025 2024 N¢t•$ Flxod 48¥•ts Inveslmenls 11 858,902 799,152 Cumint aS88ts Slocks Deblors Cash at bank and in hand 12 13 650 169 102.496 170 89.685 103,31S 91.317 Creditorn: amounts falling duè wlthln one •r 14 16,469) 13,225) Nèt curr•nt aBsets 97,846 88.092 Total assots10$6 currgnt Ilablllllgs 956.748 887.244 Tho funds of tho Chaiity Restricted income fvnd8 Unreslii¢ted fvnds 15 6.489 950,259 4,218 883.028 958,748 887,244 Th8 finandal st8tem¢ $ wèrè approved by the TTU61ee5 On ................... . Mr M B Prllchard. Preshdent
CORNWALL MASONIC CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng pollelès Charlty Inforrnatlon Cornwall MasonSc Charltable Foundation 18 conslltuled Bs an unin¢orporated BssociÈtion, govemed by the consilution adopted on 1 April 2017, as amended on 2 Juntr 2021, and is a regislered chadty. No. 1178008. 1.1 A¢¢ounllng convgntlon The Inanclal 91alemenls have been prepared in 8¢cordance wSth the Ch$rfly3 conslilullon. thè Charities Act 20t1, FRS 102 "The Financlal Reportlng Standard appllcable In the UK and Republlc of Ireland" I'FRS 102.1 and the charleS SORP 'A¢counling and Reporting by Chari1195.' Slalemenl of R8commended Practlog appllcablg lo charftlos pi8parlng Ihelr accounts In accordance with Ihe Fin8n¢ial Reporting Stsndard appllcabl& In tha UK and Republic of lieland IFRS t021" leffecllve 1 JBnuary 20191. The Charity Is a Public Benefit Enllly as defined by FRS 102. The Charlly has tak&n advAnt&g8 of the PTowsions in the SORP for charllles not to prgparg a Statement of Cash Flows. Tho financial slalements havè departod from the Charflles (Accounts and Reports} Regulallons 2008 only to the extent requlrad to provl(Jg a true and fair vlew. Thls daparturè has Involved following the Slatamènl of R8comm8nded PrÈellco for charities applylng FRS 102 rather than tha v8r8ion of the Stal&menl ol Ro¢ommonded Practice which is referred to in thè R8gulallons bul whlch has sln¢¥ been withdrawn. The financial statements prèp8red In stsrfiryJ. whlch 1$ the funcllonal curraw of th8 Charfty. Monetary amounts In thesg financlal 8latemenls aTe rounded lo th8 né3resl £. The financlal statements have been prepared under Ihe hlstorlcal ¢o$l conventlon, modlfied lo Include Investm9nls al fair valu6. Thg prlnclpal ac¢ounllng pollcles adopted arè set out b81ow. 1.2 Golng ¢on¢orn Thè financlal statèments have been prepared on th8 going concein basls. The Iwsl•es hav8 conskl8red a perf(Kl of iw8lvg monlhs Irom the dale of gpproval of the financSAI statements and have a reasonabl8 expeclalion that the charfly has Édaqua18 resources lo COnnU In opgralional ex15tence for thè foreseeabl8 future. The trustees art of th8 vl8w that there are no mal¥ilal uncertaintlos that may cr8al8 slgniflcant doubl over the charlty's ablllly lo conllnue as a golno con¢ern. 1.3 Charll8bl• funds Unrestricted funds ara available for use al tho dIscrotn of the Trustees In furtherance of Ihplr charll8ble oble¢lfves. Re$Ir1d fvnds are subject lo spgclfic conditions by donors or grantors as lo how they may b8 used. The purp08es and uses of the rostrlctad funds ar8 Set out in the notes to the financial slalements. 1A Income Inme oompris&$ money recelved from Its prfndpal sources, namety the receipt of sub$¢rlptions, don8llons. investment income and bank interest. Subscriptions and donallons arè r$cugnised whon reCeable. Legacies are IncluLled when the chBdty Is advlsed by the personal repr¢sen18ve of an estate that payment will be made. I Income recalvad durkng the year was d8rSvod In tho Unlted Klngdom. Inveslmenl Income 1$ recognised on an accruals basls. Dividend incomè Is r8cognised when the right lo r8¢$ived payment Is establish8d. Interest Income is re¢ognised uslng the &ffèctiv8 interest method.
CORNWALL MASONIC CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng pollcles {Contlnuedl 1.5 Expendllurg Exp9nses ar8 r8cognSs•d on an a¢c¥uals basis. DonalSons are charged in the year when paid or accrued when a liability is established. Costs of generating fvnds comprise costs for the running ol the Charity itself as an organisation and the ¢ost of promlional Ilerns. Govemance costs are those associated with the Charilvs conslitulional and statulory raqulrèrnents ar¢d Ils 81raleglc managémént responslbllrtt&S. 1.6 Fixed asset investments Flx8d a55et Invtrstmenls ar8 ini118lEy m8asured 81 Iran5adion price excludlng transaction Costs, and ar8 subsequently measured 81 falr value at each reporting dale. Changes In fair value are recognised in nel Incomellexpendllurel for the year, Transactlon cosls are expensed as Incurred. 1.7 stocks Stocks are slated al the lower ol cost and eslimaled selling price less cost$ to complete #nd sell. Cosl ¢omprfses direct mateflals and. where applicable, dlrecl labour costs and those overheads that have been Incurred in bringlng thè sto¢ks lo their present lo¢alion and condilion. Items held for distribution at no or nominal con51deT8tion are me8sured the lower of repkgcgrnent cost and cost. 1.8 Cash and cash equlvalents Cash and ¢ash equivalents include c8sh hand, deposits held al call with banks, other short-lem Ilquid investments with original rnalurilies ol three months OT less. and bank overdrafts. Bank overdrafts ar8 shown wllhin borrowings in current liabltIeS. 1.9 Flnancial instruments The Charity has olBcled lo apply the PfOVi5ions of Section 11 '8asic Financial Inslrurnents, and Sécllon 12 'Other Finan¢ial Instruments Issues, of FRS 102 to all of its nanCIal instruments. Financial illslrumgnts arg recognised in thè Charity's babnce $h8el when Ihe Charity becomes paty lo Ihe contractual prowlsions of Ihe lrnstrumenl. Finandal assets and liabilities are offset, with the net amounts piesented in th8 finanaal Statements. when there is a legally enforceable right lo sel off the recognl$ed amounts and there is 8n Intention to sellle on a net basis or lo realise the 8ys81 and settle the liability simulianeously. Finanaal assets and liabilities are classlfied into specllied categories. The classillcallon depends on the nature and purpose ol the financlal as$et 01 liability #nd Is dètèmlnèd al Ihe lirne of r¢¢ognilion. 88slc flnanclal assets Basic finanryal 858els, which include debtors, cash and bank balances, are inlllally rneasured at tT2f15aclion prko including transaction ¢osls and are subsequenlly carried al amortlsed cost using the effeBllve Interest mèthod unless the arrangement constitutes a financing transaction. where the transaction is measured al the present valu¢ of th8 fulure rec61pts dlscounted at a market rale of Interest, Fln8nelal 8SS8ls classified 8S receivable wlhin one y8ar not amortised.
CORNWALL MASONIC CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUEO) FOR THE YEAR ENDED 31 DECEMBER 2025 A¢¢ountlng polS¢k$ Icontlnuedl Ba51c Ilnanclal Ilabllltle$ Basic financial liabilities, includlng creditors and other payables are Inillally ¢0nISed at Iransacilon pri¢e unless thg arrangem&nt corTrstltul a financing tranSaCOn, whtrre thg dgbl instrument is measurod al th• present value of th& futurè payments discountèd #l a markot rate of interest. FinancAal liabili116s Classified as payable wilhln ong year aro not aNp)rt188d. Debt Instruments are Subsequently carrled gt amortSsed cost. uslng tho &ffe¢tévo interest rale method. Trade creditors aro obli9ali¢ns to pay foi gouds or Services that have been acquired In Ihg ordinary course of operallon8 from 8uppll6r8. Amounts payable are classified as current liabilities if p8ymenl is due wthin one year or less. If not, they are presented as nonrycurrent liabillues. Trado ¢rFdilor5 aro recognlsed Inltlelly at transaction price and subsequentw measured al 2mortlsèd cost using thg effective intere81 method. D¥recognltion of flnan¢lal Ilablllll•s Flnancial li8bililies arg derecognlsed when the Charhy's contractual obligallons explre or are dl8¢harged cancelled. 1.10 T¥xatlon The charlty Is exempt from tsx on lis ¢harllAble advltles. 10-
11 i yi
CORNWALL MASONIC CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Incom• from Investmont6 Unr•$trlcted Unr•$trl¢t¢d funds 2025 2024 Incom8 from Invoslmfrnl$ Inler88t recgivqbl 26.14S 694 27.359 1,028 26,839 28,387 ChaTltablo donatlon$ Unrestrfcted Restrl¢ted funds funds 2025 2025 Total Unrestrfct•d R•strlct•d funds tunds 2024 2024 Total 2025 2024 Don8llons (see Notes 5 and 61 23.841 6,172 30,013 21.1100 5,107 26,107 12
CORNWALL MASONIC CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Charitable donatlons lunrestrl¢tedl 2025 2024 Comwall Blood Bikes Merlin MS Centre Cornw211 Communty FoundalSon- Young and Talented Cornwall (Lord Lieutenant Fund) Cornw811 Air Ambulance Llfeliles Macmillan Cancer Carg Inc Cove Marie Curi8 Children's Hospleé SW Cornwall Hospice Csre Nallonal Coastwalch RNLI Georgia's Voice Royal Cornwall Hospital WILD- Young Parenis ChestnuiAppeal Comwall Samarilans Comw811 Masonlc Fishing Charity Go Beyound Cornwall Music Service Trust SW Ambulance SeNce TTUSI CAB l-sighf Emergency (kjnallon Cash for Klds The Wav@ PIoj8Gt Livewira YMCA ReftJge4Pets Comwall Mind 2.000 1,000 2,000 2,000 750 1.000 1,000 2.141 2,000 2,000 2.000 7,200 1.200 300 750 500 2,000 2,000 1,000 300 500 2,000 1,200 1.500 300 750 300 5SO 50 500 500 soo 500 300 300 1,000 760 500 1,500 750 250 500 375 375 375 375 375 375 23,841 21.000 Charltable donatlons Irestrldedl 202S 2024 PMS Inlemational- Teddies for Lovlng Ca 6,172 5.107 J3-
CORNWALL MASONIC CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDEO 31 DECEMBER 2025 Expèndltur¢ on ¢harltable actlvitles Year ended YeAr ended 2025 2024 Dlrect cost8 Staff costs {8$8 nvla 91 Rent and r8les Heal and Ilght Telephone and internel Computer costs Hlra of equlprnent Buffet and drlnks Independent examln8rfs remunerallon Porfolio Th8nagement fees Statlonery 11.713 6.910 2.942 1.502 75 10,663 6,779 4.563 1,944 75 351 750 3.114 7.450 750 3.108 7.721 75 34,796 35,689 Analys18 by fund Unrestrlrted funds 34,796 35,689 Trustees Non& of the Twsteeg {or any pernS conne¢lgd wllh Ihgm) ro¢oived ony r&muneralion or beneflts fiom Ihg Charity duriry thè yaar. {2024'. £nill. There wore no Trustees trxpenses p8kl for the yea¥ ended 31 DecernbeT 202512024.. £nill. Employee3 Th8 av•rage monlhly numbgr of emplo9$ durlng tha was.. 2025 Numbèr 2024 Numb•r Total Staff costs comprise 8 rechory¢ from The Prownclal Grand Lodge of Comw811 tr* cover the eosts of the admlnislralor. There were no &mployees whose annual remuner8tion was more than £60,000. 10 Taxatlon The charity is exempt from lax on Income and gains falllng within s&clSon 505 of the Taxes Act t988 or s$¢llon 252 of the Taxalionof Chargeable Gains Act 1992 to the extent that Ihes¢ are applied to Its charitable objects. 14-
CORNWALL MASONIC CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 11 Flxed asset investments Investments Cash In portlollo Total Cost or valuation At 1 J8nuary 2025 Additions ValuatSon change5 Disposals 788,439 201,989 66,630 (214.6591 10.714 4,984 799.153 206,973 66.630 {214.6591 Al 31 Decernbgr 2025 842,399 15,698 858,097 Carrylng 8Moun* Al 31 December 2025 842.399 15,698 858.097 Al 31 Dacomber 2024 788.439 10.714 799,153 2025 2024 Invoslmants al fair value comprist.. UK Fixed Interg51 securilies UK Equities Overseas Equilles BIKI Funds Other Investments Cash 175,642 71,794 357,043 237.720 15.697 163,131 89,619 318,040 217,649 10.714 858.096 799,153 Thgre were no Individual Investments repres¢nlng In excess of 50A of the invèstmanl portfolio al 31 Dèeember 2025 0131 D8cembgr 2024. 12 Stocks 2025 2024 Value ol goods h8ld for free distrfbulion 650 1,462 A3 Debtors 2025 2024 Amounts falllng dug within ono y•ar'. Prepayrnants and 8ccrued income 169 170 15
CORNWALL MASONIC CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 14 Cr•d51or8: amounts falllng dug wlthln on• year 2025 2024 Other creditors Accruals and def8rr8d Income 1,400 4.069 3.225 5.489 3,225 IS Ro#trlct•d fund8 The reslriclgd funds of the charSty comprise the un6xpended balances of donallons and grants held on trust subiect to 8p8elfi¢ condlU8 by donors as lo how they may be usgd. At 1 January 2025 Incomlng resoure•$ Re50ur¢e$ xpended Transfgrs At31 December 2025 PMS Inlemalional- Ttddlos for LovSr*g Care 4,216 S,945 16,172} 2,500 6,489 Provlous year: At 1 January 2024 Incoming R•sources resources expènded Transf•rs At31 De¢emb•r 2024 PMS Inlernallonal- TgddleE for Loving Care 4.319 15,1071 5,000 4.246 16 Anal1$ of not assèts b•tYmn funds Unreslrl¢tod funds 2025 Rg$trlct•d funds 2025 Total 2025 At 31 Dacember 2025: Investments Current asselsllliabilthe51 858,g02 91.357 858,902 97,846 6,489 950,259 6.489 956,748 -16-
CORNWALL MASONIC CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 16 Analysis of net ass•ts between funds Iconllnuedl Unrastrlctsd funds 2024 R?strsCted funds 2024 Total 2024 At 31 Decembor 2024.. Imi8slments Current ass•tslUiabllltlos1 799.152 83,876 799,152 88,092 4,216 883,028 4,216 887.244 17 Uxr•$trlet•d roserves Unreslricled reserves comprf5e £950.25912024.. £883.0281 which the truslge5 ara fraa to use in accordance wllh thé charltable objectives. 18 Opèratlng lease commltmonts Lessee Th8 operating leases represent rental leases lo third parties. Th@ leases are negollaled over terms of 3 years. There is an optlons In place for ellhei party lo eThJ the lease with 3 months not1. At thè réportSng end date Ihe Charity had outstanding commitments for future minlmum1è8sa payments undei non-¢8n¢e118ble operaling leases, whl¢h fall due as follows: 2025 2024 Wilhln oné year 1,500 19 Related party transactlons There no disclosable Felalgd party transactions dudng the year12024- non81- 17-