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|



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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)**|



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Management Report  |  Buckinghamshire Masonic Benevolent Fund  |  APRIL 2021 



## Balance Sheet 

## Buckinghamshire Masonic Benevolent Fund As at 30 April 2021 

|<br>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**|



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Management Report  |  Buckinghamshire Masonic Benevolent Fund  |  APRIL 2021 



## Aged Receivables 

## Buckinghamshire Masonic Benevolent Fund April 2021 

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



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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**|**-**|**-**|**-**|**-**|**-**|**-**|



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

- examine the accounts under section 145 of the 2011 Act; 

- to follow the procedures laid down in the general Directions given by the Charity Commissi (5) (b) of the 2011 Act; and 

- to state whether particular matters have come to my attention. 

## **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 

- 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 accoun the 2011 Act have not been met; or 

(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** 

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