TIIE WISBECFI MASONIC Btry.NEVOLENT FUND CIO RF.PORT AND FtNANCIAI. STATP.MENTS FOR THE YEAR ENDED 31° DECI.:MBER 2023 THE WISBECH MASONIC BENEVOLENT FUND CIO CONTENTS PAGE Legal and administrdtive inforniation Report of thc trust¢cs Report of the independent examiner Statement of financial a¢tiviti¢s Balance sheet Notes fomiing part of the r]nancial statements 7-13 TIIE WISBECFI MASONIC BENEVOLENT FUND CIO LEGAL AND ADMINISTRATivr.. TNFORMATION AS AT 31° DECEMBER 2023 Registered Charity number 1gi199 Trustees Chairnlan M J Humphrey J E Breeze D K M Coupland J P T Jewson JR C Pa]lant A J Faulkner D Broker Rctircd 19106190?3 S W }{a￿lS M R Ilolmes R W Kidger (Treasurer) inted 191n612023 G P Aldrich P Walter A Rust (Deceased 1810912023) S Button (Appointed 16111120?3) Treasurcr F.x Officio Officer A M Clifton Independent Examincr Ken Maggs - Charitv Adviser ch￿ered Accountant 16 lloekman Wav s￿IdIng l.incs Pb.I 1311E Correspondence address P Walter Conk"ers Fen Road Newton in the Isle Wisbech Cambs. PE13 5HT Page I TIIE WISBECH MASONIC. BF.NF.VOI.ENT FUND CIO TRUSTEES, REPORT For the year ended 31" December 2023 The trl￿tee5 present their re￿rt 4nd ihe financial ￿4te￿.ents of tb.e charity for the year ended 31" December 2023. The financial statem¢yJts have been prpared in accordance with the accounttng ￿lIcIeS set out on page 7 and comply with the ¢harity's tryst deed and applicable law. Truste The trustees narned on page 15eTved during the year. Appointment of trustees is governed by the Trust Deed ofthe chariry. The charity has a trustee board of10 elecied rnembers, plus one or more ex officio officm. Investment powers The Trust Deed authorises the trustees to make and hold Investmen￿ but no such inveslments aty presently held. Constitiition, objeets and policies The Wisbech Masorkic Benevolent Fund is constituted by Tntst Deed dated 14 Novemlxr 1983, registered as a Charity on 24" October 1984 {Regislered Charity Number ?90352). kfore converting to a Charitable Incorporated Organisation (CIO) on P Junc 2022 (P.cgisLTd NT. 1199199). Its objects are to provide, tx)th directly and indirectly, relief of such wr and distressed Mason5 or their p(M)r and distressed widows and children or to or for the iEnefit of such Masonic charities or other charitable institutions, societies and objects as they shall decide. The ]x)licy of the charitable tr￿1 continues lo io seek addilional finance and support from local m&sons to further its charitable objects and to mainthin and improve the property owned and ￿ed &s Masonic meeting places. thcrcby enabling local freemasons to exercise the twin virtues of benevolence and charity through their donations to the Masonic Charitable Foundation. the Cambridgeshire M&sonic Benevolent Asso¢ialion, individual Lodge Almoners and local charitable and worthy causes. Each year the trustees review the charity's objects and a¢tiTritiL% to ensure they continue to Teflect its aiTnS. In carrying out thi5 review the trustee5 havc considered the Charity Commission's guidanct on public benefit. Developmeot& aetivities, alld dchievemeots Thc ttustees ¢oftsider that the ￿fOrn￿1ce of the charity this year ha5 IKen satisfactory. Financial review Income revenue is provided by (a) Contributions from the Lodges who use the fa¢ilities' (b) The Profit from the Members Only bar, (c) Fundraising bi. a SulFComTntt*e" (d) Masonic donations" (e) M&8onic grdnts, and (fj Interest earned on the Charity's cash deposits. Overall. Reserves have increased from £21X),537 last year to £207,502 this year. During this peri(Hl, and in response to the current cost of living cri%1% Charitsble donations incre&8ed in the year from £2,17? to £8,176, with notable donalTons of L?.500 to the Wisl*ch fro(Ml Banks & Fenland Families and Baby Bank, £1,600 to the Arthur Rank klospice Chartty. £1:250 to Wisbech Sch(K>ls and YoLtth Organisations, and £1.767 to the Masonic Charitsble Funds. The Administration Fund has a closing balw)¢¢ of £31,771. sufficient to fijlfil the ongoing objects of the Charity. 'I'he Trnstees have continued to explore opportunitie5 to safeguard the futur¢ of TrTeem&sonry In Wisbech. The Current w'ay forward, now. approved in principle by the Member& is to secure a long-term lease on the fornier Wisbech Courthouse Building. The STKcial Repaiys Fund established for this purFK)se now stands at £144.32]. having in¢reas¢d in the yew due to beneficial interest rdtes and specific member contributions. Page 2 THE WISBECH MASONIC BENEVOLENT FUND CIO TRUSTEES RFPORT For thc ycar ended 31" December 2023 Co4tinu FiD*neial Review continued If the Trustees plans to develop their premises do not materialise or are subsequently deferred to a firture date, the level of reserve in the ￿.A￿lniStr_ItI￿n FiJp.d i¥ill be reviei¥ed 2nd if sufficient funds arc thc available an appropnaie aTnount will be transferred to the Speciat Repairs Fund to satisfy the Trustees Reserve Policy. The trusteeg consider that the funds available arc sufficient to perniit the Trnst to continue the long terni. ven the conlinued support of the loca] Masonic lodge5 and brethren. Risk management The trustees have conduded a review of the major risks to which the charity is eX￿Sed an￿ where appropriate. sy5tcms or procedures have I￿1 established to mitigate those Ii5k5. Illtern￿ control risks are minimised by thc implementation of procedurcs for authorisation of all lJ7nsactions and projects. Prottdwe5 are in place to assure compliance Ns'ith Ilealth and Safety. rcgul&ioiS in respeNX of m¢mlkr& N.isitO￿l &id ati third parties. Reserves policy It is the policy of the charity to maintain the Administration Fund at a level. which equates to at least 12 onths Operdting Costs and to incre&se the amouni held in the Special Repairs and Development Fund on a regular b&sis to provide sutyicieni fund5 for substaniiaj i￿$ of repair artd to provide funds to contribute to the remodelling or ]tplacement of its Grade 2 listed prorffj within the next ten to fifteen vears. Statement of trustees. responsibitities Law applicable to charities in F.ngland and Wales requires the tnjstees to prepare fman¢ial sLitements for each financial year which give a true and fair view of the charirj's financial actiTrities during the year and of its financial position at the end of the y&v. In weparing thos¢ financial ststements. the tn￿¢¢$ are required to: (a) Select suitable accounting policies and apply them consistendy" {b) Make judgements and &stiMa￿S that are reasonable and prudenL (c) State whether applicable accounting standards and ststelnents of recommended prdctice have been folloived. subject to any departure5 disclosed and explained in the financial statements. (d) Prepare the financial statements on a going concern basis unle&s it is inappropriate to presume that the charity will continue in operation. "rhe trustees are r¢sponsible for the preparation of the accounts in accordance with thc Chuities Act 2011 (the Act). 'I'hey arc also restM)nsible for safeguarding the ￿ets of the charity and hence for taking rcasonable steps for the prevention and detection of fraud and othcr I￿¢guIanIIcs. Approval This report h&s been pr¢par&l in accordance with the Tequirements of th¢ Charitics Act 2011 ('the Act').and has been approved by the trustees on ?T' Jvne 2024 and signed on theIr￿half. M J Humphrey P Wa]ter ¢ J (LLVLr chaInnan￿rust¢¢ Treasurerrfrus￿e Page 3 THE WISBECII h4ASONIC BENIEIIOLENIT FUND CIO INDEPENDEiYf EXAMIIYER'S REPORT To the Tninsible forthe preparation of the accounts in accordance i¥'ith the r¢quircm¢nts of the Chariti&8 Act 2011 ('thc Act,). I report in respect of my examtnation of the charity's accounts carried out under section 145 olthe Act and in carrying out my examination I have followed all the applicable Directions gsven by the Charity CommissTon under Section 145(5Xb) of the ACL IadePeade￿t eJakntiaer s ststemtnt I have completed my examination. I confimi that no material matters have come to my attention in co[￿eCtIOn wiih the examination giving me cause to bclievc that in any malerial rc5pecL accounting record5 u'ere not l.ept in restttt of th- clknryt). as requi￿ b5, section 130 of the Act" or the aCcoL￿ts do nirt accord with th0￿ records. or the accounts do not Comply with the applicable requirements concerning the forni and content of a¢coiJnts set OJI t in tthe Cb.J* iljes (Accounts ￿￿l.d Rery)rt8) ReoLi121ions 2008 other than any requirement that the accounts give a ,tn￿ and fair view, which is not a n&3tter considered as part of an indeFW)d¢nt examination. I have no corLcern5 and haile eoTTte L￿ro$S no otlyLf ni.attpry IY* con￿￿tiOn tb.p exirning*TOTI to iiyhich attention Should be drawn in this report in order to enable a prow understandinitr of the accounts to be reached. Ken Maggs- aritv Adyiser Chartered Accountant 16 Floeknian Wa),. Spaldin& Lincs. PE I13HE. Date: Z¢JX Page 4 TIIE WISBFLII MASONIC BFNF.VOLLwf TriJND IATLMFNf OF F￿A￿clAI. ACTivrrIEs Forthe Year FJ)ded ilrt Decernkr 2023 Note5 C'apital F￿d Admin F￿d Special Re￿iT5 I..u￿1 Totxi Total 2023 202) 2023 2023 20L IN(￿ME Donations 4,926 5526 ChaFttable actvities (irnnts Contributiorn8 Bar Ac¢wnt 12.770 5.957 1923 12770 5957 8o¢ial A¢tiN'ilie5 IFun(traisiThg} Ilire of Ilail 2923 Tota] in¢rf)tne frorn charitthle a¢tsities 21650 21C)50 Ini'tstsnent Income 5.524 5524 TOTAL INCOMF, 26576 6124 32699 Lhuritable acts'ilie5'. DonatioTLS 8176 8176 Man2gemeni 2nd administration expenditure." Premis￿ and equipment Administralion expense5 tiuiemance cosLs". 2577 12473 15050 2509 2509 I,egal and proftssionas fees TOTAI, I-:XPI.'NDITtIRF, 2577 23 158 25735 NLT M()VF.Mb.NT IN FUNDS TrOR THF. YF.AR -2577 3,418 6124 6,965 Translyr bcN'een funds 'rotal FuniL% bft)ught foThwd lfrorn l5tt1nc0rtmt￿ Charity number 2903521 50 -50 33987 28?03 138247 200537 Totsl funds ¢arril￿ foTMwd 31410 31771 144321 207i02 i} Transfer teiween futmts reflects rnitxw adjus1]￿1110 previo￿5 alloc*i THE WISBECH MASONIC BENEVOLENT FUND BALANCE SHEET For the Year Ended 3 IA December 2023 Notes 21)23 2022 FIXED ASSF.TS Tangible assets 31410 CURRENT ASSETS Bar stocks Prepa)Tn¢nts and accrued income Cash at bank 1576 10 1362 174419 Cash in Hand 645 178002 CRF.DITORS èknnounts talling due within one year 12 -1.910 NET CURRf,.NT ASSETS 176092 TOTAL ASSETS LESS CURRENf LJABILITIFS 207502 CAPITAL RESF.RVF.S FUNDS 13 Unrestricted funds.. Capital Fund Ad￿￿niStratIon Fund i1771 Swial R¢pairs and Improvements Fund IxM321 14 207502 The Notes on pages 7 to 13 fomi part of these financial 5fatem¢nts Approved by the Tn￿CeS on 27th June 2024 and signed on their behalf '.J.IL M J Humphrev Chairni#ThlTrustee P Walter THE ￿SBECH MASONIC BENEVOLENT FLfND NOTES TO THE ACLOUNTS For the Yrdr Ended 3 1st December 20J? ACCOUNTING POLICIES The significant accounting policies applied in the prcparation of these fmancial stat¢￿ents are set out below. These poli¢ie5 have been consistently applied to all yeats presented UDless othetivise stat BASIS OF PREPARAIION OF AccoU￿r$ The Charity constitutes a public benefit eniity as defined by FRS 102. The financial statements have been prepared in accordance 114th Accounting and Reporting by Charities: Statement ofRecommended Prdctice applicable to chariiies preparing their accounts in accordanLe with ihe Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October ?019. the Financial RetK)rting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102). the Chartties Act 2011 and UK Gen¢Tall} Acccpted Accounting* Practicc. The financial sthtements are Prepared on a going concern basis under the historical cost Conventio￿ modified to include certain itcms at fair value. The financial statements are prcsented in sterling which is the functional currency of the Charity.. FUNDS lJnrestricted funds are available for use at the discretion of the in furtherance of the general objeatves of th¢ Charity and which have not been designated for othcT purposes. Donations receivable are all0￿ed on the b&sis of the donors. wishes. If a purpose is specified then il is a restricted fund for that purpose. If a sFxcific purtM)se is det¢rniined by the Trustees a Designated fund will be use(L tNCOME AND EXPF.NDITURE tNCOME RECOGNITtON All incoming resources are included in the Statement of Finan¢ial Activities (SoFA} ￿llen the Charity is legally entitled to the income after an! perforniance conditions have be¢n meL the amount can be measurcd reliably aEkd it is probable Ihat the income H411 ￿ received. Incom¢ from trading aclivities includes incotDe earned from fimdrnising events and trdding activities to rnise funds for the charity. Income is Teceived in exch￿]ge for suppl)ing g(MKls and services in order to rnise fund5 and is reeognised when entitlement has occurred. Jnvesttnent income is recognised in the accounts when tk amount can be me&sured reliably and the Charity's right to receive payment is established. F.XPENDITURE. RECOGNITION Expenditure is accounted for gross on an accn]ais basis and h&s been classified under h￿dIllg5 that aggregate all costs relaled to the category. Charitable activities expenditure include all reSOu￿eS applied by the Charity in uThlertaking its charitable objectives as opposed to support C05 Support costs those that ￿ist the work" of the Charity but do not direcilv represent charitable aclivities and include governance Co5￿ and expenditure on management and administrdtion of the ¢harit>'. This includes the costs of nllming and maintaining the charity's premTse5. DEBTORS AND CRF.DrroRS Debtors and ¢￿ditorS with no stated int¢Test rale and receivable or payable within one year recorded at transaction price. Any losses aristng from I￿paITInent are recognised in eypendilure. Page7 THE WtSBECF4 MASONIC BENEVOLENT FUND NOTES TO THE ACCOUNTS For the Year Ended ilst December 2023 TANGIBLE FIXED ASSF.TS Tanqble fiA¢d wets ar¢ Mated at cost ￿ valuation less accumulated dcpreciatioD alld accumulated impairnienÉ losses. Depreciation is prnvided on all tangible r￿ed asset% at rJte5 calclllatcd to write off tbe cos( less estimated residual Freehold property- 50 yeaTS straight line Fixtures, fittings and equipment- I￿￿,0 reducing balance amended to I￿/0 per )"ear strnight line. The impa¢t on the financial statements amounted ￿ £1.126 in the cU￿t year. Freehold land h&s not depre¢iate(L Stixks are Stated at the I0￿¢T of Cost rtalisable value. PmvisioD ts made for damag¢¢ obsolete and sloiY- moving stock where appropriatr. DISCLOSURES GOING CONCERN BASIS The fjnancial ststements havc been prepared on a ooing Concern basis as the Tn]stee5 believe that no material ncertainties exist. The'frustees h&ive consi(kred the level offimds held 8J]d the expect¢d l¢v¢l of income and expenditure for 12 months from authorisino these fjnancial statements, which is sufficient with tbe level of reserves of the ch￿ity to be able lo Continue &5 a goitigconcem. TAXATION Value Added Tax is not recowernble by the charity. and as such is ineluded in the relevant costs in the S￿ement of Finan¢ial AciiviEies. Thc charity is an exempt chariry within the meaning of schedule 3 of the Charities Act 2011 and is considered to pa55 the t¢sts set olll in Parawh I Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable CQTnpany for UK corporation t&x purpo5 LIQUID INVESTMF.NTS Cash at bank includes short tem) investments whirh are Iv liquid investments and are effectively casK i.e. they include cash on dEPOSlt and equivalents with a rnatijril). of less than one vear. TRUSTF.ES REMUNERATION. EXPENSES & coNfROL There was no remulleration or C￿n$t% were paid to any of the Trustees duringthe year. The Charity is controll¢d by the Ttwtees as a tryxly. No individual Trumee control over the Chartty. RELATED PARTY TRANSACTIONS There are no related party trdnsactions during the wi(Kl or Co￿paratIve ￿lO(L 2.6 INDF.PENDENT EXAMtNER The Fees paid to the Independent Examineriotalled £4￿ in 202J, {2022- £204) PROVISIONS, COMMLTMF,NTS AND RESERVES The Administration Fund {Athnin Fund) is an UDrestricted fi]nd used to ensu￿ that remaining fimds in the charity are able to cover at least 12 monihs Q￿rdtIng Costs. The Special Repairs and Developrneni Futjd (Special Repairs Fund) relates to unrestricted funds retained for substantial item5 of repatr and io provide funds to contribute to the retnodellints of the cunTent Grade 2 listed property, or other fi￿UrE premises, within the next ten to fifteen yeaT5. The Capilal ￿nd relates to wrestiicted funds to acquire the fixed ofthe charity. It will retain any funds received for that specific purpose Page 8 THE WISBECH MASONIC BENEVOLENT FUND NOTF.S TO THE ACCOUNTS For the Year Ended 3 1st December 2023 CONTRIBUTIONS 2022 IAJdge No 809 IA)dge No 6125 IA)dge of Instruction No 809 IAlge of Enstruction No 6125 Chapter Mark 4,8(Kl 4.81MTr 145 145 720 720 Rose Cmix 720 720 Royal Arc MaTinetS 12770 Pag¢ 9 THE WISBECH MASONIC BLN'EVO. ENT FUND NOTES TO THE AccouKrs For the Year Ended 3 1st December ?023 Continued BAR ACCOUNT 2023 2022 Income 10,999 Expenditure 8tock on hand brought forward Purch&ses 5365 6617 (1576) Stock on hand carried forward 5042 Excess of In¢oEne over Expenditure 54.16% 5957 0.0￿/￿ tNTF.RF.ST RF.CF.IVF.D 2023 COIF Account Social Committee Account National Westminster Bank A￿OUnt 5.524 DONATIONS 023 2022 Masonic Charitable Foundaiion (Festivat 2023) Cambridgeshire Masonic Benevolent AS￿)ciati1)n Thern East Ang]ia alvation Anny Peckover Primary School 3rd Wisbech CJirl Guides 3rd Wisbech Scouts Passagewav George to Arthur Rank Elospice Charity Friends of Wisbcch Park Alan Iludson Treatment Centre Fenland bamilies and Baby Bank Friends of Victoria L(Klge Wisbech Food Banks 1.676 250 500 500 50 1,500 500 500 500 2.0(K) 8176 Page 10 THE WISBECH MASONIC BENEVOLENT FUND NOTES TO THE ACCOUNTS For the Year Endcd 3 1st December 2023 Continued PREMISF,S AND EQUIPMENT 2023 2022 R¢decoration Repairs and Matnlenance Insuran¢e F.lectric 2832 1984 377 351 278 2577 153 267 Water Rates Cleaning Fire Proteclion Alarni Maintenance Depreciation 15a50 Depreciation includes a write down of £1,126 for furnitur¢ & equipment a&8etts out of life ADMINISTRATION COSTS 2023 2022 Telephone Legal Lic¢n¢e Fees Professionai Fees Sundry Expenses 125 2.200 178 509 includes £1,800 foT Allicd Surveyors a$s￿ment of the CotErthouse building Pagell THE WISBECII MASONIC BENEVOI.F.wr FiJND NOTES TO IHE ACCOUNTS For the Year Ended ilsi t)eCern￿r ?023 Continued TANGIBLE ASSTr.TS Hall and Dining Roorn Furniture Etc Total Cost at 1st January 2023 Additions durinu the Year Coyt at 3 1st D¢cember2023 29188 1380 22871 53439 29188 1380 22871 53439 Depreciation at January 2023 ror the Year Depreciation at 3 1st December 2023 -5256 -14,196 -1,994 -16.190 -19,452 -2,577 -22,029 -5,840 Net Bi)ok Value at 31st lknember 2023 1380 6682 31410 Net Book Value at 31st Deceml*r 2022 23932 (Brought fonward from UniMcorp)rated Charity numEer 290352) li80 8675 10 DEBTORS.. Amounts falling du¢ wrythin one ye Prepayments and accrued I￿COMe 2023 2022 i) Prepa)Thents Aston Lark {Ilowden) Inwrdnce Premises I,ic¢nce AMR Fire & S¢curity Monitoring Fcnland District Council Rates 45 I I CASH AT BANK COIF Account Social Commlttee Account National Westsninster Bank Account 2023 2022 2571 174419 CASH IN HAND S()cial Committee Bar Float 2023 395 250 fv15 2022 2 C.REDITORS.. Amounts falling due within one year Trade Creditors A¢cruals and Deferred Inc¢)me 2023 365 1.545 1,910 2022 i) Deferred incorne Amounts transfenEd from unincoTPOTatrd charity Hall Elire received in advance of rent21 d￿e Amounts released to the SOFA Amounts in£lud¢d within Accruals attd Deferred income 720 145 -720 145 Paoe 12 111E WLSBF£.H MASONIC BLNLVOLEKf iryUND NOTL.S TO TIIF. AC"C'oI,Yirs Forthe YLW l..nded 31s1 Ixrcmkr 2023 C'ontinuul 13 1The Administratton Fund (Athnin Fund) is * an w)WCStrided fi]nd t￿ed ￿ ensure trmaitiing funds Èn the charit> are #ble to ¢oYeraÉ ILXSt 12 m01rt￿50￿Ing Cos Thc SpeL￿1 Repairs and Dcvclopment Fllnd ISFKcia] Repairs Fund) Tel￿£S w unr#triGted funds retained for subsialltial itcms of rep￿r artd lo prfft'rdc funds io contribui¢ io the rrrnodelling of its Grade 2 Itstcd prvpert). wTrthin the next len to fifteen yea The Capital fillml relates to ￿l￿tricted fund5 ￿ io the fixed assets of thc Charity. It i¥ill any fllnd8 Feceiwed for specific purt 14 NLT A%%F.TS OF FIJNDS Cash * bank Net current FÉxed &%sets and in knd 'f(rt Capital fu]¥J AdTnir¥ fund %pccia] rcpair fw 31410 30743 144321 1028 31771 144321 Tots] fund5 i1410 17iO 207502 Page 13