2025-12-31-accounts - Faraday Masonic Benevolent Fund

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Charity Commission number: 1186584

FARADAY MASONIC BENEVOLENT FUND

Accounts

For the year ended 31 December 2025

FARADAY MASONIC BENEVOLENT FUND

Accounts for the year ended 31 December 2025

CONTENTS	PAGE
Trustees' annual report	1-2
Independent examiner's report	3-4
Statement of financial activities	5-6
Balance sheet	7
Notes to the accounts	8-11

FARADAY MASONIC BENEVOLENT FUND

Trustees' annual report

Year ended 31 December 2025

The Trustees present their report for the year ended 31 December 2025.

Reference and administrative information

Registered name and number: Faraday Masonic Benevolent Fund 1186584 Principal address: 4 Chambers Street Grantham Lincolnshire NG31 8DL

Trustees: Mr A M Watson Mr P Chandler Mr J T Wright Mr D J Pickup Mr W J S Cook

Structure, governance and management

The activities of the charity were transferred to a Charitable Incorporated Organisation on the 1 January 2020. Its charity number is 1186584.

Trustee selection method:

Each Craft Lodge respectively by resolution has the power to nominate not more than one of its members to be appointed a trustee of the Benevolent Fund. The nominee is appointed by the continuing Trustees.

The charity does not have a share capital. The activities of the charity and its trading subsidiary, Faraday House Functions Limited, are such that there is no requirement for audit nor to prepare group accounts. An examination is performed as required under the trust deed.

Objectives and activities

In addition to the distribution of its own available monies to charitable causes, the Faraday Masonic Benevolent Fund assumes part of the charitable responsibilities of the Benevolent Funds of the five Masonic Lodges meeting at the Masonic Hall, Grantham namely; Doric, Granta, William Peters, Sir Isaac Newton and Meridian Daylight, including the making of charitable contributions to social and educational local community organisations, old age persons, children's and young persons' clubs and sickness relief organisations.

The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.

Achievements and performance

The Faraday Masonic Benevolent Fund has made charitable donations of £1,000 during the year under review.

Financial review

The Trustees aim to retain unrestricted current reserves sufficient to cover at least one year's operating costs.

Signature and Declaration

Declaration: I declare, in my capacity of charity trustee, that:

the Trustees have approved the report above; and
have authorised me to sign it on their behalf.

Mr A M Watson Date:

FARADAY MASONIC BENEVOLENT FUND

Independent Examiner's report on the Accounts

Year ended 31 December 2025

I report on the accounts of the charity for the year ended 31 December 2025 which are set out on pages 5 to 11.

Respective responsibilities of Trustees and Examiner

The charity's Trustees are responsible for the preparation of the accounts. The charity's Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity commission number is 1186584.

It is my responsibility to:

examine the accounts under section 145 of the 2011 Act;
follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
state whether particular matters have come to my attention.

Basis of Independent Examiner's statement

My examination was carried out in accordance with the 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 you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below. As part of my review I also examined the accounts and accounting records of Faraday House Functions Limited.

Independent Examiner's statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that, in any material respect, the requirements:
to keep accounting records in accordance with section 130 of the 2011 Act; and

to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act.

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Rupert King FCA Rupert King & Company Limited 31 Westgate Grantham NG31 6LX

Date:

FARADAY MASONIC BENEVOLENT FUND

Statement of Financial Activities

As at 31 December 2025 Contribution from Bar Sales Less: Purchases Wages Contribution from Catering Sales Less: Purchases Wages Contribution from Rental of Flat Rents received Less: Agent costs Repairs to Flat Other incoming resources Subscriptions from Lodges Faraday House Functions Limited - Gift Aid Room and facilities hire 200 Club Miscellaneous income Interest received Donations Investment income received Water income received from flat tenant Total Incoming Resources Resources expended Stewards wages Pension costs Rates Water Insurance Equipment maintenance Repairs Gas and electricity Merchant card charges Cleaning materials Waste disposal Window Cleaning Licences Telephone and computer charges Payroll support Name boards updates Surplus c/f	Note 3 3 5 3	£ £ 23,001 (9,469) (2,767) 10,765 51,262 (38,937) (6,937) 5,388 7,800 (749) (192) 6,859 17,352 1,296 4,800 400 298 350 191 755 240 25,682 48,694 18,500 44 872 913 3,609 1,990 5,268 9,125 451 699 1,105 462 460 530 1,002 200 (45,230) 3,464 2025	£ £ 16,785 (7,490) (2,808) 6,487 44,352 (33,759) (4,968) 5,625 7,800 (749) (678) 6,373 16,009 5,858 6,900 845 - 403 474 592 260 31,341 49,826 18,683 41 383 1,120 3,235 2,006 2,383 7,635 413 453 1,092 360 395 461 936 200 (39,796) 10,030 2024

FARADAY MASONIC BENEVOLENT FUND

Statement of Financial Activities

Year ended 31 December 2025

Surplus b/f Governance costs and Donations Printing stationery and advertising Independent examination Accounts charge Donations Net Surplus before Depreciation Depreciation - furniture and equipment Movement in investment Roof repairs Net incoming/(outgoing) resources Total Funds Brought Forward Total Funds Carried Forward Surplus allocation: General Fabric Fund: Donation Interest	Note 2	£ £ 3,464 186 780 600 1,000 (2,566) 898 (1,688) (1,066) - - (1,856) 481,499 479,643 (2,160) 191 113 (1,856) 2025	£ £ 10,030 242 780 600 1,000 (2,622) 7,408 (1,688) 479 3,624 (3,624) 2,575 478,924 481,499 1,993 474 108 2,575 2024

FARADAY MASONIC BENEVOLENT FUND

Balance Sheet

As at 31 December 2025

Note Fixed assets Property 6 Furniture and equipment Investments Current assets Stock Debtors and prepayments 7 Deposit account Current account Card bearing account Premium account SumUp account Cash in hand 200 Club account Current liabilities Creditors Creditors and accruals Pension PAYE & National Insurance Credit card 8 Net current assets Net assets Represented by: General Unrestricted Fund Restricted Fabric Fund 5	£ £ 421,602 3,527 30,676 455,805 3,465 1,717 12,059 2,790 269 8,164 - 355 654 29,473 4,805 8 - 821 5,634 23,839 479,643 470,634 9,009 479,643 2025	£ £ 421,602 5,215 21,742 448,559 2,537 1,118 17,266 5,921 176 8,460 - 1,180 1,929 38,587 5,229 30 - 387 5,646 32,941 481,499 473,039 8,460 481,499 2024

The accounts were approved by the Trustees on and signed by Mr A M Watson .

FARADAY MASONIC BENEVOLENT FUND

Notes to the accounts

Year ended 31 December 2025

1 Accounting policies

Basis of accounting

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Incoming resources

Donations, legacies and similar incoming resources are included in the statement of financial activities (SOFA) when:

the charity becomes entitled to the donation, legacy or similar income and any conditions for receipt are met;
the Trustees are reasonably certain they will receive it; and
the Trustees are reasonably certain that the value can be reliably measured.

Tax reclaims on donations and gifts

Incoming resources from tax claims are included on the SOFA at the same time as the gift to which they relate.

Incoming resources from fundraising

These are reported gross in the SOFA.

Investment income

This is included in the accounts when receivable.

Expenditure and liabilities

Generally liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure.

Assets

Tangible fixed assets for use by the charity

These are generally capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or a reasonable value on receipt. Fixtures and furniture are depreciated at 15% on the reducing balance basis. Computer equipment is depreciated at 33% on a straight line basis.

Stocks

Stocks are valued at the lower of cost and net realisable value.

Funds

General Unrestricted Fund

This fund can be used in accordance with the aims of the charity at the discretion of the Trustees.

Restricted Fabric Fund

There is a restricted fund, created for the upkeep of the fabric of the building, entitled the Fabric Fund, and must be spent accordingly, as authorised by the Trustees.

FARADAY MASONIC BENEVOLENT FUND

Balance Sheet

As at 31 December 2025

2 Fees for examining Accounts

3	Independent Examiner's fees for reporting on the Accounts Paid employees Bar Catering Stewards Average number of full time employees in year		2025 £ £780 2025 £ 2,767 6,937 18,500 £28,204 1		2024 £ £780 2024 £ 2,808 4,968 18,683 £26,459 1

The employees were employed in property maintenance and the Masonic Club.

4 Trustees' remuneration and expenses

There were no expenses or remuneration paid to Trustees in this or the previous period.

5 Fabric Fund

In the year the 200 Club surplus for 2024 was transferred from the General Unrestricted Fund to the Restricted Fabric Fund, which transfer was approved at the AGM in 2025.

Balance at 1 January 2025 Transfer to fund repairs 200 Club 2024 Surplus 2025 surplus Donation to Fabric Fund Balance at 31 December 2025	General Unrestricted Fund 473,039 1,000 (845) (2,160) (400) 470,634	Restricted Fabric	Restricted Fabric	Restricted Fabric
			Fund 8,460 (1,000) 845 113 591 9,009	Fund

A proposal will be put to the Annual General Meeting to transfer the 200 club surplus of £400 to the Restricted Fabric Fund.

FARADAY MASONIC BENEVOLENT FUND

Balance Sheet

As at 31 December 2025

6 Fixed assets

Cost Balance at 1 January 2025 Additions Balance at 31 December 2025 Depreciation Balance at 1 January 2025 Charge for the year Balance at 31 December 2025 Movement in Investment value Movement brought forward Movement in value for the year Net book value Balance at 31 December 2025 Balance at 1 January 2025	£ £	Freehold property £ 421,602 - 421,602 - - - 421,602 £ 421,602 £		Fixtures and Furniture £ 104,795 - 104,795 £ 99,580 1,688 101,268 £ 3,527 £ 5,215 £	Computer Equipment £ 960 - 960 £ 960 - 960 £ - £ - £		COIF Investment £ 20,000 10,000 30,000 £ - - - £ 1,742 (1,066) 30,676 £ 21,742 £	Total £ 547,357 10,000 557,357 £ 100,540 1,688 102,228 £ 1,742 1,066 - 455,805 £ 448,559 £
				£ £ £ £

7 Debtors and prepayments

Prepayments Flat Tenant Faraday House Functions Limited Creditors and accruals Trade creditors Accruals Pension PAYE & National Insurance Credit card Enhanced 200 club prizes Faraday House Functions Limited	2025 £ 1,529 20 168 1,717 £ 2025 £ 2,192 2,443 8 - 821 170 - 5,634 £	2024 £ 1,098 20 - 1,118 £ 2024 £ 1,481 2,815 30 - 387 200 733 5,646 £

8 Creditors and accruals

9 Trading Subsidiary

The catering and bar revenue and expenses for any non-Masonic events are accounted through Faraday House Functions Limited, a subsidiary company Limited by Guarantee. The surplus made by this company is remitted back to the Fund and is shown as Gift Aid in Incoming Resources.