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|
1
## **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.
2
## **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:**
3
## **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
4
- 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:
5
## **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**
6
## **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|
|---|---|---|---|
7
## **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 ._
8
## **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.
9
## **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.
10
## **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.
11
## **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.