BUCKINGHAMSHIRE MASONIC BENEVOLENT FUND (Registered Charity Number 200845)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2023
Agenda
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To confirm the Minutes of the Annual General Meeting held at Freemasons’ Hall, Great Queen Street, London, on Monday 24[th] October 2022, as printed.
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To receive the Secretary’s Report for the year ending 30[th] April 2023
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To receive the Audited Statement of Accounts for the year ending 30[th] April 2023
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In accordance with rhe rules of the fund to elect W.Bro. David Woodward, as Treasurer, W.Bro. Anthony Martin, as Honorary Secretary, and W. Bro. P R Cole as Independent examiner.
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Any other Business
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To close the meeting
Resume of the Minutes of the Annual General Meeting of the fund held on the 24[th] October 2022 at Freemasons Hall, Great Queen St, London
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The minutes of the meeting held on the 25[th] October 2021 were confirmed
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The Chairman’s report and independently examined accounts for the year ending 30[th] April 2022 were approved.
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W.Bro David Woodward was elected as Treasurer, and W.Bro Anthony Martin as Honorary Secretary.
Structure, governance and management
The Buckinghamshire Masonic Benevolent Fund was formed in October 1902 at the Provincial Grand Meeting in Freemasons' Hall, London.
The Fund is governed by the Trustees namely, The Deputy Provincial Grand Master, who acts as Chairman, and two senior Assistant Provincial Grand Masters. The fund is managed by the Committee Members namely the Provincial Grand Almoner and the Fund Treasurer. The Provincial Grand Almoner has five Almoner Assistants, who oversee the \Masonic Centres.
Financial review
The Benevolent Fund has an investment portfolio under management exceeding £2.1 million currently. The market has been turbulent during the year and our investments have remined relatively static. This annual income is currently sufficient for the Provincial Almoner to assist Buckinghamshire Freemasons and their dependents in times of distress caused by unforeseen financial difficulties.
The Fund supports a loan scheme of mobility aids including electric scooters, wheelchairs, and stair lifts. The Fund also grants interest free loans to Buckinghamshire Freemasons when and where available.
Custodian trustee
The charity and its Trustees do not hold assets on behalf of others.
Public benefit statement
The charity Trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties.
Objectives and activities
The Fund was established with the object of relieving distress by means of outright grants, annuities or other periodical payments or loans (either free of interest or at low rates) for or towards:
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The maintenance, school clothing and education of children of necessitous or deceased Freemasons.
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The vocational training and advancement in life of such children after leaving school.
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The relief of Freemasons and their children and their wives and the widows of deceased Freemasons, all of whom are in necessitous circumstances.
Achievements and performance
During the year ended 30 April 2022 there has been a return to higher levels of grant support requested. Grants totalling £37,171 were disbursed to Buckinghamshire Freemasons and their dependents. A number of these grants were one-off payments to help our members and their dependents at a time of financial crisis or emergency. The majority of the grants have been made to assist in the welfare and quality of life for those who would otherwise struggle to exist on the minimum income.
It is with a tremendous sense of gratitude that we acknowledge the additional support of The Masonic Charitable Foundation (MCF) and the associated departments.
The Masonic Charitable Foundation has made 52 grants to our Brethren or dependants totalling £118,337, an increase over last year (53 beneficiaries, £108,828)
The Royal Masonic Benevolent Institution continue to support necessitous Bucks residents in Masonic Residential Homes.
These figures highlight the continuing level of need being experienced by the Brethren and dependants of the Province and the amount of work required to arrange for applications to the Benevolent Fund and the MCF
This report has been prepared in accordance with the Statement of Recommended Practice, Accounting and Reporting by Charities (issued in March 2005).
This report was approved by the Trustees on 7[th] October 2023 and is signed on their behalf by;
Anthony J Martin. BA(Hons) Honorary Secretary
BUCKINGHAMSHIRE MASONIC BENEVOLENT FUND REGISTERED CHARITY NO. 200845
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2023
| Incoming Resources Donations Dividends and Interest on Investments Interest on Bank Accounts and Grand Charity Relief Chest Investment drawdowns Total Incoming Resources Resources Expended Charitable Payments: Annuities and Grants Covid19 Emergency support Insurance Other Expenses Computer costs (Xero accountancy software) Scooter Collection and Delivery Costs Scooter Repairs and Servicing Stair Lift Installations and Removals Stair Lift Repairs Total Resources Expended Net Incoming Resources (2023 expended) Movement in investments Unrealised gains (losses) Investment drawdowns Net Movement in Funds Investments at Market Value Novia Current Assets Stock of Stair Lifts and Scooters Bank Balances: TSB Cater Allen Grand Charity Relief Chest Income Tax Recoverable Creditors: amounts falling due within one year Net Assets Accumulated Fund Brought forward Surplus/(Deficit) for the year Total Funds David Woodward DipFA Hon Treasurer |
£ 1,068 - - 25,000 2023 |
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| 19,405 - 129 495 403 2,876 4,057 10,530 1,570 |
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| 41,534 30,169 791 102 - |
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BUCKINGHAMSHIRE MASONIC BENEVOLENT FUND
I am reporting on the accounts of the fund for the period ended 30 April 2023.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit, and is eligible for independent examination, it is my responsibility to:
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examine the accounts under section 145 of the 2011 Act;
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to follow the procedures laid down in the general Directions given by the Charity Commission under section 145 (5) (b) of the 2011 Act; and
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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 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.
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:
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to keep accounting records in accordance with section 130 of the 2011 Act; and
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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.
Philip Cole Landmark, Chartered Accountants Leavesden Park 5 Hercules Way Watford Hertfordshire WD25 7GS
Date 7 October 2023