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2021-04-30-accounts

Management Report Buckinghamshire Masonic Benevolent Fund APRIL 2021 Prepared by David Woodward

Contents

Profit & Loss 3
Balance Sheet 4
Aged Receivables 5
Aged Payables 6

Page 2 of 6

Management Report | Buckinghamshire Masonic Benevolent Fund | APRIL 2021

Profit & Loss

Buckinghamshire Masonic Benevolent Fund For the 12 months ended 30 April 2021

Apr-21 Apr-20
Income
Centenary Gift Aid donations 60 60
Dividends Received 25,550 79,185
Donations received 3,298 653
Interest on Bank Accounts and Grand Charity Relief Chest 38 1
Total Income 28,946 79,899
Less Cost of Sales
Closing stock of chair lifts and scooters (1,340) (7,079)
Total Cost of Sales (1,340) (7,079)
Gross Profit 30,286 86,978
Less Operating Expenses
Almoner expenses 263 449
Annuities and Grants 20,918 31,219
Computer costs 346 346
Covid-19 emergency support 20,825 6,100
Insurance - 595
Postage, Freight & Courier 484 -
Scooter collection and delivery costs 2,898 1,443
Scooter repairs and servicing 2,865 3,475
Scooter storage unit - 8,154
Stair lift installations and removal 15,420 17,140
Stairlift repairs 1,720 3,440
Total Operating Expenses 65,738 72,362
Operating Profit (35,453) 14,616
Non-operating Income
Realised gains/losses on Investment Assets 66,306 -
Total Non-operating Income 66,306 -
Non-operating Expenses
Unrealised gains/losses on Investment Assets (125,334) 81,081
Total Non-operating Expenses (125,334) 81,081
Net Profit 156,187 (66,465)

Page 3 of 6

Management Report | Buckinghamshire Masonic Benevolent Fund | APRIL 2021

Balance Sheet

Buckinghamshire Masonic Benevolent Fund As at 30 April 2021


As at 30 April 2021
30 Apr 2021 30 Apr 2020
Assets
Bank
Cater Allen - 53564121 716 65,555
Masonic Charitable Foundation 102 102
TSB - 00193707 26,210 67,956
Total Bank 27,029 133,614
Current Assets
LOANS - 1,090
STOCK - Scooters 11,619 -
STOCK - Stair Lifts 30,000 40,279
Total Current Assets 41,619 41,369
Non-current Assets
Investments - Barings Target Return fund class GBP Income GB00BJH89N52 - 447,918
Investments - Blackrock charities UK Bond fund a Inc GB00BFBFWK23 - 429,430
Investments - CCLA - COIF Global Equity GB00B29KPZ41 - 426,270
Investments - M&G - Charifund GB0005494629 - 297,055
Investments - M&G Charibond Fixed Interest Inc GB00BK1KFP80 - 377,599
NOVIA 2,233,334 -
Total Non-current Assets 2,233,334 1,978,272
Total Assets 2,301,981 2,153,255
Liabilities
Current Liabilities
Accounts Payable - 7,460
Total Current Liabilities - 7,460
Total Liabilities - 7,460
Net Assets 2,301,981 2,145,795
Equity
Accumulated fund 2,145,795 2,212,260
Current Year Earnings 156,187 (66,465)
Total Equity 2,301,981 2,145,795

Page 4 of 6

Management Report | Buckinghamshire Masonic Benevolent Fund | APRIL 2021

Aged Receivables

Buckinghamshire Masonic Benevolent Fund April 2021

Current March February January Older Total
Total Receivables - - - - - -

Page 5 of 6

Management Report | Buckinghamshire Masonic Benevolent Fund | APRIL 2021

Aged Payables

Buckinghamshire Masonic Benevolent Fund April 2021

Current March February January Older Total
Total Payables - - - - - -
Current March February January Older Total
Total Expense Claims - - - - - -
Total - - - - - -

Page 6 of 6

Management Report | Buckinghamshire Masonic Benevolent Fund | APRIL 2021

BUCKINGHAMSHIRE MASONIC BENEVOLENT FUND REGISTERED CHARITY NO. 200845

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2021

Incoming Resources
Donations
Dividends and Interest on Investments
Legacies
Interest on Bank Accounts and Grand Charity Relief Chest
Total Incoming Resources
Resources Expended
Charitable Payments:
Annuities and Grants
Donations
Covid19 Emergency support
Bank Charges
Insurance
Just Giving Fees
Other Expenses
Computer costs (Xero accountancy software)
Scooter storage unit
Scooter Collection and Delivery Costs
Scooter Repairs and Servicing
Stair Lift Installations and Removals
Stair Lift Repairs
Movement in stock of stair lifts and scooters
Total Resources Expended
Net Incoming Resources
Net Surplus/(Defcit) on Investment Assets
Unrealised
Realised
Net Movement in Funds
Investments at Market Value
Novia
Barings Target Return fund
Blackrock charities UK bond
CCLA -COIF Global Equity
M&G Charifund
M&G Charibond Fixed Interest
Current Assets
Stock of Stair Lifts and Scooters
Loans
Bank Balances:
TSB
Cater Allen
Lloyds
Grand Charity Relief Chest
Income Tax Recoverable
Creditors: amounts falling due within one year
Net Assets
Accumulated Fund
Brought forward
Surplus/(Defcit) for the year
Total Funds		 2021
2020
£
£
£
£
3,358
713
27,665
79,185
-
-
38
1
31,061
79,899
20,918
31,219
-
-
20,825
6,100
-
-
-
595
-
-
747
449
346
346
-
8,154
2,898
1,443
2,865
3,475
15,420
17,140
1,720
3,440
(340)
(8,079)
65,399
64,282
(34,338)
15,617
125,334
(81,081)
64,191
-
189,525
(81,081)
155,187
(65,464)
BALANCE SHEET AS AT 30 APRIL 2021
2021
2020
£
£
£
£
2,233,334
-
-
447,918
-
429,430
-
426,270
-
297,055
-
377,599
2,233,334
1,978,272
41,620
41,279
-
1,090
26,211
67,957
716
65,556
-
-
102
102
-
-
68,649
175,984
-
(7,460)
2,301,983
2,146,796
2,146,796
2,212,260
155,187
(65,464)
2,301,983
2,146,796		 2021
2020
£
£
£
£
3,358
713
27,665
79,185
-
-
38
1
31,061
79,899
20,918
31,219
-
-
20,825
6,100
-
-
-
595
-
-
747
449
346
346
-
8,154
2,898
1,443
2,865
3,475
15,420
17,140
1,720
3,440
(340)
(8,079)
65,399
64,282
(34,338)
15,617
125,334
(81,081)
64,191
-
189,525
(81,081)
155,187
(65,464)
BALANCE SHEET AS AT 30 APRIL 2021
2021
2020
£
£
£
£
2,233,334
-
-
447,918
-
429,430
-
426,270
-
297,055
-
377,599
2,233,334
1,978,272
41,620
41,279
-
1,090
26,211
67,957
716
65,556
-
-
102
102
-
-
68,649
175,984
-
(7,460)
2,301,983
2,146,796
2,146,796
2,212,260
155,187
(65,464)
2,301,983
2,146,796		 2021
2020
£
£
£
£
3,358
713
27,665
79,185
-
-
38
1
31,061
79,899
20,918
31,219
-
-
20,825
6,100
-
-
-
595
-
-
747
449
346
346
-
8,154
2,898
1,443
2,865
3,475
15,420
17,140
1,720
3,440
(340)
(8,079)
65,399
64,282
(34,338)
15,617
125,334
(81,081)
64,191
-
189,525
(81,081)
155,187
(65,464)
BALANCE SHEET AS AT 30 APRIL 2021
2021
2020
£
£
£
£
2,233,334
-
-
447,918
-
429,430
-
426,270
-
297,055
-
377,599
2,233,334
1,978,272
41,620
41,279
-
1,090
26,211
67,957
716
65,556
-
-
102
102
-
-
68,649
175,984
-
(7,460)
2,301,983
2,146,796
2,146,796
2,212,260
155,187
(65,464)
2,301,983
2,146,796
41,620
-
26,211
716
-
102
-		 41,279
1,090
67,957
65,556
-
102
-
2,146,796
2,212,260
(65,464)
2,146,796

David Woodward DipFA Hon Treasurer

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BUCKINGHAM BENEVOLENT FUND

I am reporting on the accounts of the fund for the period ended 30 April 2021.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The trustees cons not required for this period under section 144(2) of the Charities Act 2011 (the 2011 Act) and independent examination is needed.

Having satisfied myself that the charity is not subject to audit, and is eligible for independ my responsibility to:

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Cha examination includes a review of the accounting records kept by the charity and a compa presented with those records. It also includes consideration of any unusual items or disclos and seeking explanations from you as trustees concerning any such matters. The procedur provide all the evidence that would be required in an audit and consequently no opinion is the accounts present a 'true and fair view' and the report is limited to those matters set below.

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 requirement

(2) to which, in my opinion, attention should be drawn in order to enable a proper understan to be reached.

Philip Cole Landmark Chartered Accountants Leavesden Park 5 Hercules Way Watford Hertfordshire WD25 7GS

Date 15 September 2021

MSHIRE

MASONIC

sider that an audit is d that an

ent examination, it is

ion under section 145

arity Commission. An rison of the accounts sures in the accounts, res undertaken do not s given as to whether out in the statement

ts:

nting requirements of

nding of the accounts