REGISTERED CIWlnYNiWnER: 1189 R4ptyi oftheTNrteu •nd UMudlt•d FFrt•n¢ld st•t•m•ntslwi Yur End•d 30Jun• 2023 Th•SuM•M Mwk O•M¥d•nt Fund. CIO
The Swex MaTk Bei01t CIO Report ofthe Trustees Independent Examlnees Report Statement of Finonciol ArtNitie5 Statement of Flnanclal PosStlon Notes to the Financial Ststements
The Su&qex Mwk Bencvolart CIO Report of the Trustees for the Year Ended 30 June 2023 The Trustees present their report with the financial ststements of the CharTty forthe year ended 30 June 2023. The Trustees have adopted the provisions of Accounting and Reporting by Charrties: Statement of Recommended Practice applicable to charrties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021 leffectfrrfe l January 20151. OBJEcnvES AND AcnvmES Objettwes ond oims The objerts of the Trust are "For the benefft of such dirtred brother Mark Master Ma50n5 of the Provlnce of Sussex, theirwidows. children and dependentsorforthe benefit of such othermasonic charities orotherdiaritsble Institutions, societies or organisations as the Trustees shall decide." Significant ortivities The Trustees tske this opportunty to thank Almoners and Charity Stewards in every Lodge for the work they do in lookln8 after us and to the Sussex Brethren for thelr cortinuiryd SUPPOrt and generosity. The Trustees of the Fund met on three occasions otrline via Z¢)¢ym durin8 the ye•r and were pleased to approve donatlons and grants to worthy cause5 totallln8 £10,438. Th1$ cons15ted of the followSn8 or8an15atnS recelvln8 finan¢i41 support: A defibrlllatorto St. John Ambulance Hastings and Rye food bank Eastbourne food bank Kent Mark Festival Sussex Masonk Craft Fest#1 2028 St Wilfred's Hospi Eastbourntr hoist and slin8S Worthin8 Counselling ServKe Incredible Desi8n Co Iformerty Challey Herlts8e Enterprlse Co.) Additionallyi thè Trustees were very pleased approved a grant of £7A95 In support of a stairlfft and a wheelchalr to aid two members. Public benefit The Tru5tee5 have consldered the Charity Commlssion's guidance on publlc benefft, Includlre the guldance'publlc benefrt: runnin8 a Charity IP821'. The Trustees conclude that, SIn The Sussex Mark BenLvolent Fund, CIO ISM8F CIO) exists to support the Freemason community and their families. they feel the Charity can demonstrate each of the principles Outlined in the Charity Commission's guidance on Charities and Publlc Benefft are being met. Grant moking The policy of the Sussex Mark Benevolent isto quir&ly pn)vlde srnnts in rellef of necd for Mark M•ster Masons and their dependents and from time to time to make substantial 8rants to worthy causes likely to benefit Mark Master Masons and sofar a5 funds pemitto make simllargrantsto non-Mason&Therefore. the Trustees, where ne$Sary• use digital communications to enable timely and prompt decisions. Restrlcted Funds The Charty holds limited restricted fund. defined as'property {induding moneyl given for a speafic purpose and in respect of which conditions have been imposed as to its use.
Tr Suwx Mark Be01 ao ACHIEVEMENT AND PERFORMANCE Charitable artivitie5 The Trustees express thanks to all the brethren fortheir continued supportthrou8h indb41dual and lodge donatlons of £10.288 directly to the charity. SpecifKalty, and additional, the annual promotion of the lapel badge in aid of the 2023 Mark 8enevoknt Fund FestNal by the purchase of £9&) of Festrrfal Badge5 forthe Provinual Grand Lodge of Mark Master Masons of West Yorkshlre. The Trustees also wish to thank all thè brethrèn ènd Lodges of the Provinclal Grand Lodge of Mark Master Masons of Sussex for their continued support of the SMBF. the Mark Benevolent Fund IMBFI and the Masonic Charitable Foundation IMCFI. Donations via the MCF. through the Relief Chest Scheme raised £7.597 and can, for UK tsxpayers who have sv&ned a Var Gift Aid Declaratlon Increase thelr contributlon by a laiM from HMRC. Internol t7nd externalfurtors The day.to-day mana8ement of the SMBF CIO'S assets Is ty the Trustee4 tskin8 such athrfice from time to time as they con51der necetsary. The general powers of investment are incolporated in the Charivs Governin8 Document. The SMBF CIO15 SUPPOrt by tontrlbutlons from Brethren. Ladles. Lod8es and Provlnces and these may take the form of elther, donations. covenants, le8acles or uests. The Charlty has not engaged wlth thlrd partles to ralse fvnds and there has been no direct approach to members of the public for funding. FINANCIAL REVIEW Finonclol posltlon Durin8 the year, Sncome to the Trust from donatlons, 8rants and cles, Investments and other sources totalled £20,40512022 - £17,361). The value of the net assets a5 at 30th June 2023 is É88,419 {2022- É90.9621. Reserves policy The Trustees. pollcy isto ensure that 5uftldentfvnds are held toenable theTrust to property dlscharge the flnanclal obligatlons created by its activSties. Golng concern The Trustee5 are tISfied that the Charity is a 8oln8 concern In the yearto 30 June 2023. FUTURE PLANS The Trustees are anxlous to Improve the vlsibility of SMBF CIO amongst the Mark Master Masons of Sussex. The 2019 Festrval, which was an enom)ous success. was followed by meetings being abandoned due to Covid 19. There Is a need to relnvigorate the distinguishing chararteristK of a freemason's heart. Charity. and the Trustees will continue taking steps to encoura8e greater givin8 amon8St Mark Master Masons and Mark lodges. snIUVIl£, 6OVERNANce ANO MANAGEMEP4T Governing document The Charty is controlled by its 8ovemin8 docurnent which follows the template. Chority constitution The Sussex Mark Benevolent Fund. CIO Reg. No. 1189680 was regtstered with the Charity Commission on 2Tr May 2020. The Charity was formed by Fts predecessor charity Sussex Mark Benevolent Fund Re8 No 1090369 ISMBFI which apinted the firstTrusteesand set outtheirwwers and responsibillties aswell asthe power of appointment and removal of Trustees. This new charitable trust was forned to tske over the assets and liabilitiès tsl the fomièr
Charmy. Retruitmentand oppointmentof new Try%tees No formal procedure5 exist for the iftthctton and tra1n1reofTn TheTrustees are ofthe onIOn that no such )licies are required for a trurt of this SI and complexlty. Orgonlsotlonalstrurture The Trustees are responslble for keeping adequate account1 record5 thot are suffident to show ar explain the Chartty's transactlons and dt5d05e wilh reasonable accuracy at any time the finandal wsltlon of the Charlty ar enable them to ensure that the finandal statements compty wÉth the Charitie5 Act. UndErCharity law the Trustees must not approve the financ41 statements unless thry are Satisfied that they 8lve a true and fair view of the State of affalrs ol the tharfty arKI of its nèt IrttimlI0Ut8o1 re50uros fr>rthat perk)d. In preparln8 those flrtandal statements the Trustees are requlred to: 'select suitable accountlng pollcles and then appty them consbtentty; observe the methods and prlndples In the Ch•rltles SORP, make lud8rnenls and esthnates thai are reasonable and prudent.. Tht Trustees are also resp0Th51ble ftr suanllrq the assets and ft>r reasonable steps for the preventlon and detection of fraud and other Irregularltles. Rlsk monogement The Trustees have given conslderatbn to the malor ris5 to whh the Charlty b exposed, includlng the on-goln8 and legacy Impact of Covid 19. and hwe consklered systems de5ned to mltl8ate these rlsk5 In partlcutar regular Trustees meetlngs wlth a careful fekn¥ of the Trusts fund1 and avallable resources to en5 suffKient monies are held for the Charivs on801ry costs and genernl commitments. Trustee5 20W23 C M WILson- retlrnd N H Potter- retlred M G Dent- retjred M J Marchant- app)Inted Ch*lmian A C Hobden R F Rlchardson CJ Farrow D 8 Dumi8an l M H Bennett C S Ballard- appointed durfr8 the year M A Jathon- appolrrted duriwa the ye•r Approved by orderof the knrd of Tntstees on............. .. and $ed on its behalf by. M J Marchant- Chaiman and Trustee CJ Fam)w- Tnee
The Su&8ex Benevoltht CIO Inde endent examlners re rt to the Trustees of The Sussex Mark BeneIent Fund CIO We report to the Charity Trustees on our examInaD of the arUnts of The S$eX Mark Benevolent Fund, ao for the year ended 3 June 2023. Responslbllftles and ba4$ of rewt As the Charty Trustees you are responsible forthe preparation of the accounts In accordance with the requirements of the Charities Att 2011 {Ihe Act'l. We report in re5pert of our examination of the Charivs accounts carried out under section 145 of the Act and in carrying out our examination we have folkjwed all applicable Directions given by the Charlty Commission under section 14515llbl of the ACL Independent exarnlnerfs ststement We have completed our Èxamination and confirn) that no material matters have come to our attention in connertlon wlth the examlnatlon givln8 us cause to belle4e that In any materlal re5pert: Accounting records were not kept in re5pert of the Trnst as requlred by sectlon 130 of the Act: or The accounts do not accord with those records; OT The attounts do not compty with the applicable requirements toncernln8 the form and content of accounts set out in the Charltles (Accounts and Reports) Regulations 2(M)8 other than any requ1ment that the accounts give a true and fair view whKh is not a matter consklered as part of an Independent eMInation. We have no concems and have come across no other matters In connectlon vAth the examlnatlon to whlch attentlon should be drnwn in this report In order to en•ble • proper undeand1 of the accounts to be reached. R L Thompso Jasmine Cotta8e Highlands Avenue Ridgewood Uckfield East Sussex TN22 STD MJStyer 36 Ashley Court Grand Avenue Hove East Sussex BN3 2NN
S¥st¢x B¢n¢v•le•t CIO 30.6.23 30.6.22 Totol fvnds fund fvr INCOME AND ENDOWMENTS FROM Oonaiions and1è8ad8s charkne acthrftles Amazon SMILE other tradln8 •Ctl¥l InStment l*)com• 10.288 669 52 2.038 429 10.288 7,S96 52 2.038 429 15,701 1,027 31 1607 22 Total Income and endowments 19.376 1.027 20.403 17,361 EXPENDITUAE ON Ralslnq Fund$ Management and admlnlstrathn Merchandlse Sub-totol Rolslngfvnds Ch•rltable acll¥ltl•s 2023 West Yorkshire Festfval 2022 Surrey Festlval M8F Support Grants and donations Mlscellaneous Sub-totol Choritjble ortlvltles ond totalexpendltu 3.Cf37 17,933 76 3.097 19,773 76 9.511 10,380 57 21.106 22.946 27,948 NET If4COMVIEXPENDITUREI RECONCILIATION OF FUNI)S Total funds brought forward TOTAL FUNDS CARRIED FORWARD 11.7301 18131 12.5431 (10,587) 89.025 87,295 1.937 1,124 90.%2 88A19 101.549 NOTE numbers m#y sym due th MdI$
I3 90.6.22 TotslfwyJ5 Totolfvnds 33334 53.961 87,295 33334 55W5 88.419 C•sh•t 1.124 1,124 618 AmoUntsl•lllwduewlThQYW IIEfcuftRElff A55EIS 87295 1,124 88,419 87295 1.124 88.419 ,962 FUNDS Unr¢strfcted fu 87,295 1.124 88A19 89,02S 4937 Restrftted funds 70TALWJP4DS Theftn¥I sti•)rrtsr•apwvrnJ hthi BLrdofTntsl•as(m.---.-.--...-... ve on tsbeIl. M J Marchart.Ch•lrnwn•bJTrysi CJ F•rytyv-Trustee
ThE Susffex Mark Benevolent Fllttd, CIO Detsilt41 Statemtftt of FI#ttttj Adivili forthe YeAr FdelI 30 Jufftt 20D ACCOUNnNG POUCIES 04519 of PrwrI the flnwTr¢l¥l itjtements The financlal ststements of the CharSty, whh Is a public benefit ety under FR5 101 have been prepared in accordance wlth the (harltles SORP IFRS 1021'AccouTrfng and Reportln8 by Charstles.. Ststemert of Recommended Prattice applltable to charities preparingtheiraccounts In accordance with the Firtan¢ial Reporbng Stsndard applicable in ihe UK and Republl of IrdandlFRS 1021 leffectlve lJanuary20151'. Flnanclal RepOn$tandard 102'The FlnaTrclol Rep)rtlD8 Sténdord appllcable In the UK and Reptsblit of Irejènd. ènd the Charfties Act 2011. The ftnèwi¥l statements have been prepared under the hlstorlcal ¢0st conventlon. Inwme All income Is recogn15ed In the Statement of Ananclal Adthle5 onte the Charlty ha5 entrtlemefitto the¢unds, It15 probable that the Income wlll be recelved, and the amount can be measured rellabty. Expendre Uabllltles are reco8nlsed as expendlture a5 500n asthere Is a le8al or con5twdve obllgatlon cornmlttln8 the Charltyto that expenditure. It Is probable that a transfer of economlc toneflts wlll be qUIred In settlement anrj the amount of the obllgatlon can berneasured rellably. Expend6turelsaccounted foronanaccruals basl$and has beeThclasslfled under headlngs that aggregate all c05t related to the cateBory. Where costs uThnot be Ilredy attrfbuted to partlcular headln85, they have been allocated to actlvltle50n 4 ba51s con51stentwhh the use of resource Grants offeTed sublertto condltlonswhkh have not been met 8t the year-end date8re noted as a ¢ommltrnent btst fiot •¢crued asexpendnure. T4x•tltyi The Charftyls exempt from taxon Its tharltsl)le octlvlUe5. Fynd occountln8 Unrestrlrted funds be used In icMrdancewlth the ¢h•rh•trk oblectlves •tthedl$cre1n oltheTru$ttt% Restrlrted fvnds UA only be used for rnstrfcted wrpjses wthlntht oblettsof the crIty. Restrittions irlse whtn spetlfitd the (k)noror when funds I1•1$d fOrpar¥cUr restrfcted purpose& Furtherwpl•n•tlon of the n•ture bnrf purpo of each fund Islncluded In the k)otestothe hninclbl sètements. Anandal Instrum•rbts The Ch•dty has elected to apply the prOvIOn$ of Sectlon 11 'blc Fln•nd•l Inttrumthts, •nd Stttlun 12 '0thqr Fln•nclal In$trumeffts Issues. ol FRS 102 to all of Its flnanclal ItrUments. Flnancl•l Instruments are recognlsed In the Charlws Statsment of Fln•ndJl Poshlon when the Charftybe¢orne5 Party tothe ¢offlractu•l provlsions of the Instrument. Fln8nclil èssets&nd Ilab11tt1e5are offseL the nét amounts presented In the flnanclal statements, when there Isa14al enfcr£e3ble rl8ht to set off the fecognlsed amounts and ihore Is an Int•ntl¢m to wttlo on 8 net ba4$ or to th• asset and settle the118billty slmultsneously. 051r finan¢l#l assets Baslc flnanrial jssets, which1lude debtor>•nd sh and bank balances are Inltlallyme4sured attransKtlon prlce Includln8 transacfjon costsatxl 8re subsequendycarrled atamortlsedmst uslngtheeffertfve Interest method un1è55the arrangement constltutèsa finartln8transattk)n, where the transattion Is measured atthe psentValve ofthe futu recdpts dlscounted at a rnarket rate of interest. Financial assets classthed as recelvable vhthln one year are notamort15ed. 04s$thution of fin8nci81 Ilabllltles Flnanclal Ilabllltles8nd equltylnstrumentsare classlt7ed accordlngtothesubstance of ttr contrattu414rr¥ng¢rnent5enter¢d Into. An equity rn$trument Is anycontrad thate¥ldencesa resldual Interest In the assetsof the Charlty after deductlng all Its 8ayctln3naal Ilabilitiès. includingcredltors ban loaTrs, loansfromfellowgroupcompanle5sharesthataTecla55med a5 debt, are initlally reeoinlsed at transartlon prfce unle55 the arrangernent COn5titutÈ a finantlng trnnsactlon. where the debt InstrumÈnt Is rnèasur at tho preser%t value of the luture payment distounted at a m•rket rate of l¢)terest. Flnanclal liabllltTres classffted as payab within one yearare not amtytlsed.
r the YurFAdtd3•Jux 211LI Trade credttorsère obW¥onsto p3yfor I(50r5ee5 that ha¥ebeen acqthred In the ordinary courof tr¥jne$S from supplters. Amounts payable a dassffied as curwt lialy.1.es rf payTrt is Lkn witNn one year or s& If rK•t, they are presented a5 rioriurtent I1¥[11t& TF¥de trjOIS Irter thèn orte year art knllbblty at trntIon prlce 8NI subsequentty TrSed at amrtised cost U5Ingt èffertrrt interest method. In accordancewkhtheChar5UesSORP IFR51021.NulJrya1Aewftrry byCharfUes,the unaud StatementofFlnarKlal Actlwties srKludes comparati%e f4ures for the prttvthn¥ Jar to jUr 2022 wly Mi the ok¥nn of the Ttees. It 55 approylate to doso. MtN•m•nt In Funth The Trustees have adhered to the requirerrent to ¥7e Informot on matertol IThjtha1 thmd balances. mtr4ements In the ffportlng petlod and the purpjses forwNth thefndS as deta4ed In theStatOf Flnandal 11¢$. The SM8F cl0empl¢rf no s¢•ff duYlnitrfkn•nd•l 3(.25 I22-mIl. 30.23 30.06.22 merCnlS¢ 1038 L67)7 INVESTMENT INLWE 30.0&23 30.06.22 Interest reCed 429 22 YRIMEES. AEMUNÉRATION AND BENEFITS There wer¢ no Trustee5' rurvJrth or other benefft5 for th? y er¥Jed 30• June 2023 nor for the lf erthd 30th June 2022. There were rrfj Truste o4)Mses P•ldfrK yrerI•d 2023 rwfOrtrl •)d¢d 30thJune 2022. 30.0&23 30.C6.22 Otherdethors (Rdlef Chest) 28.834 a06.23 30.06.22 Grant and drrnuon Pr¢140 •ndacuwd expen¥es RELATEO PARTY D15CLO Thwewere nts reL4tyd prtytranscU(Ktsf0rtheyend 30thJune 2021