REGISTERED CHARITY NUMBER.. 202930 REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED31 DECEMBER 202S FOR THE PROVINCE OF HAMPSHIRE & ISLE OF WIGHT MASOP41C CHARITABLF. TRUST Maxwell & Co 9 Abiw. Business Park Monks W'a Farnham Surrei. GU9 8HT
THE PRONI)CE OF HAIIPSHIRE & ISLE OF WIGHT MASO,NIC CHARIT ABLE TRLST cONTEPs OFTHE FINANCIAL ATEmENTs FOR THE YEAR ENDED 31 DECEMBER2025 P%e Reprt ofthe Trustees Report •fthe Independ¢t Auditors 3 to 5 Stattment of FiDan¢ial Attlvltles Bglante Sheet Notes to the FI£1*1 stateme¢$ 8 10 13 Detailed Statement of FiThap¢lal Aetivitles 14
THE PROVINCE OF HAMPSHIRE & ISLE OF REPORT OF THE TRUSTELS FOR ThE YFAR ENDED 31 DECEhlBEk21tt5 UK andRepubli¢ of Ireland (FRS 102) (effxtiir l Jallwy 2019). STRucfuRE. GovgRNANCE AND WACEMENT Governillg docuThe#t The ¢haTity is controlkdby its 8ovuning a thedoftru6t Ind mtibthes ei)ority. REFERENCE AND ADN(INISTRATIVE DETAILS Regislered Clwity Dumb¢r 2ff2930 Prfndpal addrttl 85 Winchester Rc Chandlers Ford Eastlew Hampsh]re S053 20Q M J Hiblxrd S M Baigrllt l A Lne8 A M Wcldy¢z C J Aspinell (reli1 2.7.25) M D Childs G Brknvell B P Durrant {willial 2.725) Avdllorl MaxwcS1 & Co 9 Abbey BUS1r$S Park Monk% Wk Sull¢y (3U9 8Tr STATEMEi OF TRUSTEFS, RLSPONSIBILMFS Jpplithl¢ law and Umol Kingthy)) (Unittsl Kin8thn G¢nerdlly Acc¢y1 Accoununs Practi). Charity law t4uires th¢ tnjstees to prepate fin*n¢ial 5tatemeDts for ep<h fjn•ncial year. Under law. the trJ5tees have elttted tv prqwe the fitbwial statcrnts tTh accotdonce with United Kwgdom GenelY Acccptuj Accoutltmg PJacti¢¢ IUDited Kingdom Acco• StandaTth 8ry1 applicable Jaw). foir vicw of the state of affair5 of th¢ chanty of thc 11K]ng ItlT£ aT¥J applt¢ation of re50UTeu. inGlwb'ng the imcfjme and exprndlLU of thc chaThty for that In prepann8 th¢ firthncia] 5tawncnt& the trWtee5 are requiTt4J - oleThE the )d principles in the Chan"ties SORP: conlinue ID bu5WKSS.
S M Baigalt. TTW
REPORT OF THE INDEPEDENT AUDITORS TO THE TRUSTEES OF THE PROVINCE OF HAMPSHIRE & ISLE OF WIGHT MASONIC CHARIT ABLE TRUST Opinio We have audited the finacial staiemtnts of The Province of Harnpshire & Isle of Wight Masonic Charitable Tn]5t (the '¢harity'} for lh¢ year ended 31 December 2025 which comprise the stsiement of Financial Activiiies. the Balance She and notes to the fllwicial staiements. including a summary of silficanT a¢couniing policies. The finallcial reporhng framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (Unit¢d Kingdom Generally Accepted Accouniing Practice). In our opinion the financial sts¢ements.' give a true and fair view of the stale of the charitys affairs as at 31 December 2025 and of its incoming resources and application of resourc¢s, for th¢ ycar th¢n cndcd. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Pra¢¢ic¢,' and have been prepared in accordance with the requirements of the Charities Acr 2011. B851$ for opinio We conducted (Trur audit in a¢¢OrdCe with Intrrn*ional Sthndards on Audiiing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further (kscribed in the Auditor5, r¢spon5ibiliti¢s for the audit of the financial sta¢em¢nts section of our report. We are independent of the charity in accordance with the ethical requirements that are releyani to our audit of the finan¢ial sthtrments in the UK. including the FRC'S Ethical Stsnil8rd. and we have fulfilled our other dhical responsibiliries in accordance with these requirements. We believe that the audit evidence wc have obtained is 5ufficieni and appropriate 10 provide a basis for our opinion. Concluiions relating to goin% concern In Juditing th¢ financial statements, we have concluded the truste¢s' us¢ of the going concem basis of accounting in the preparation of the financial statements is appropria¢¢. Based on the work we have perfornied. we have not identified any material uncertainties relating to event$ oi ¢ondilions that, individually or collectively, may casi significant doubl on the charitys ability to continue a5 a going concern for period of at least twelve months from when the finan¢i41 siatements are 4uthoris¢d for issue. Our responsibilities and the responsibilities of the b7CeS with respect to 8Olll8 concern are described in the relevant sections of thi5 report. Other Inform4tlon The trustees are respon5ibl¢ for the otheT information. The oth¢r inf0mli0Th ¢ompris¢s the infornl10n included in the Annual Report, other than the financial sratements and our Report of the ]ndndent Auditors th¢r¢on. Our opinion on the financial statements does nol cover the other inforn)aiion and, excepi to the extent otherwise explicitly ststed in our reporn we do not express any forn) of assurance conclusion thereon. In ¢onneciion wilh our audit of the financial ststements, ¢)ur reSpO41b]lity is io read the other inforniation and, in doing $0, consider whcihcr the other infomiaiion is malerially inconsistent with the financial staternents or our knowledge obtained in the audit or otherwise appears to be materialty misstated. If we ideniify such material inconsistencies or apparent material rni5Statcments, wc required to detemiine whether this gives rise to a material rnissialemeni in the financial statements themselves. If, based on the work we have perfonned, we conclude that th¢re is a maierial misststement of this other infom110n, we are required to rew1 thai fact. We have nothing to report in this regard. Matters ort Ivhieh wt ire required to report by txeeptio We have nothing io report in respeci of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion-. th¢ inforniation given in the Report of the TTUStees is inconsistent in any material respect with the finat]cial statements; or Su1Clent accounting records have Thot kept; or the fmancial statements are not in agreement with the accounling records and retUTfLS' or w¢ have not received all the infomation and explanaiions we require for ow audii. Page i
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE PROVINCE OF HAMPSHIRE & ISLE OF WIGHT MASONIC CHARITABLE TRUST Responsibilities of truste As explained more fully in the Statement of TTUSttts' Re5VOTLsibilities, th¢ trustees are responsible for the prepaTation of the financial ststements which give a tnje and fair view. and for such internal control a5 the trustee5 deterrnine is necessary to enable the preParlOn orfuhancial 5taternents that are free from material mi5slat¢menL whether due lo fraud or error. In preparing the financial siarements. the trusttts are re4)otL8ible for assessing the chtiriws ability to continue as a going concem, disclosing, &s applicable, rnatters related to going concern and using the going concern basis of accounting unl¢ss th¢ truste¢5 ¢ith¢r int¢nd to liquide the tharity or to rxa5e operations, or have no realistic alternative bui io do Our rtsponslbllltle5 for th¢ audli of ihe filancial sttements We have been app)inted as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Aci and relevont regulations mad¢ or having effeth thereunder. Our objectives Bre to obthit) reLsonable &8suranc¢ alx)ut whether the fuwi¢ial $Mem¢nts as a whole are free from maierial missraiemeni. whether due ¢0 fraud or eTfoT. and to issue 8 Report of ihe Independeni Audiior5 that include5 our opinion. Reasonable assurance is a high level of assurance, bui is noi a guaraniee ihat an audit conduaed in accordance with ISAS {UK) will always detect a maierial misstatement when it exists. Missiaiements can arise from fraud or error and are eonsidered maierial if, individually or in the aggregate. they could reasonably be expe¢ied io influence the economic decisions of users taken on The basis of these financial staiements. The extent io whi¢h our pro¢edur¢s are ¢apable of dde¢iing irregularities. in¢ludin8 fraud is deiailed below,. As part of dcsigning our audit. we detern)ined materiality and assessed the risks of material rnisststement in the financial siatemenis. including how fraud may occur by enquiring of the management of its own consideraiiort of fraud. We also eonsidered potential flnancial or other pSsures. opportunity and motivations for fraud. As part of this di5CUS5ion we identified the internal controls established to miiigale risks related io fraud or non compliance with laws and re8ulalions and how mana8emtnt monitor these processes. Appropriate procedures included the review and testing of manual journals and key estimates and judgem¢nts made by management. Our test5 included agreein8 the fmancial sthiements disclosures underlying supporting dwumen¢ation and enquirie5 with management. We did noi identify any key audit matters relating 10 irr¢gulwTi¢ies, including fraud. As in all of our audi15, we also addr¢s5ed th¢ risk of managemenl oveThide of internal controls including testin8 journals whether there was evidence of bias by the Irusiees thal represented a risk of material misststemen( due io fraud. Our audit procedures were designed to respond to risks of TnY4teTial rnisststement in ihe financi81 ststements. reco&TnisinL that the risk of noi delecling a malerial misstateTnent due io fraud is higher than ihe risk of not detecting one resulting from ¢rroT, fraud may involve delibe¢ con¢e4lmeni by. foT ex¥mple. foTgery, misrepresentations or through ollusion. There are inhcrenl limitations in ihe audit procedure perfomed and the fuTther removed non-¢ompli#nc¢ with IAWS and regulation5 is from the events and transaction5 reflected in ihe financial sthtemenis, the less likely we are to become aware of it. A further descripti(m of our r¢spon5ibilitie5 for the audit of the financial statements ts located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description foms part of our Report of the Ind¢p¢nd¢nt Auditors. Page 4
REPORT OF THE INDEPENDENT AUDrroKs TO THE TrUSTEES OF THE PROVINCE OF HAMPSHIRE & ISLE OF WICHT MS01c CHARrfABIX TRusr Us¢ of our report Tbi5 rqjort m* solely fy) the cJJaTitys trLwee4 ¥ a bo(ty. in a¢¢oTdm with Port 4 of the Charitie5 (Accounts and Reports) Re8ulatiOnS 2008. Our audit work kn IXA) undertaken that we might state to the charttys trustees tl mat¢¢n we aye requiR41 xateto them in wt auditrrt r4 and no To thE fullest ¢xt¢Dt pern)itted by . law. we do noi accw or a8sume reSpOlbillty to any(x othtt the &rity d the ¢knitys tswtees u 8 body, for ow audit WOTK for this reFrf or for the opillio1 we ha fornd. Maxwell 9 AbW Busi Monks W Surrey GU9 8HT Is6 &ryS>
THE PROVINCE OF HAMPSHIRE & ISLE OF WIGHT MASONIC CHARtTABLE TRLST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED31 DECEMBER 2025 2025 Totsl funds 2024 Total fijnds Unrestyicted fund Endowinent fut)d No INCOME AND ENDOWMENTS FROM Donations and legacies 6220 6220 Investment income 91,754 91,754 142,857 Total 97,974 97,974 142,857 EXPENDITURE ON Raising funds 02,922 62.922 60.111 Charitable activities Individuals 66,893 66.893 70.035 Oiher (341.488) (341,488) 1248,268) TolAI (211,673) (211,673) (118,122) NET INCOME 309,047 309,647 260.979 RECONCILIATION OF FUNDS Totsl funds bTOU8hi fon¥ard 313,092 4,136,621 4,449,713 4,188,734 TOTAL FUNDS CARRIED FORWARD 622,7J9 4,136,021 4,759J60 4.449,713 The note5 forn] part of these fmancial sta*ments Page 6
Twbk Invtstmej 18236 420J24 45M709 4225.778 42•J24 413WI 4J5A94S 4244.014 Cssh at bllthk 714 21A714 212J99 CREDfTORS (4299) (6399) 2WJS 621739 413A621 47yJa6• 4.449.713 NET 621739 4134621 759J6• 4,449.713 313,ClJ2 4.136,621 4759J60 4.449,713 8A Yry¢ its btAlfby. J.'rt. /SÉO¢ i
THE PROVINCE OF HAMPSHIRE & ISLE OF WIGHT MASONIC CHARITABLE TRLST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEDJI DECEMBER 2025 ACCOUNTING POLICIES Basis ofprepariNg tbe financial 5tAtem¢nts 1.he financial statements of the charity, which is a public b¢ncfrt cniity under FRS 102. have been prepared in accordance with the Charits"es SORP (FRS 102) 'A¢unting and Reporting by Charitie5'. St&ternent of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicabl¢ in the UK and R¢public of Iland {FRS 102) {efftctive l January 2019)., Financial Reporting Stsndard 102 The Financial Reporting srtdard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial alcents have been prepared under the historical cost convention, with the ¢xc¢ption of investments which are included at nk value. as modified by ihe revaluation of certain assets. Income All income is recogThised in the Statement ofFinancial Activities once the charity has entiilemeni to the fijnds. it 15 probable that the income will be r¢¢eiv¢d and the amount ¢an be mea5ur¢d reliably. Expendlture Liabiliiies are recognised a5 expendittwe a5 s(KJn &% there is a legal or ¢onstrudive obligolion ¢ommitting the charity to that expenditure, it is probable ihal J Iransfrr of ¢conomic benefits will be required iTh settleTnent and the amouni of the obligaiion can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregai¢ 811 ¢osi relat¢d ¢0 th¢ ¢at¢g(Trry. Where ¢0sts ¢aTinot be dir¢¢ily attribuicd to Particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subjecl to condili0Th5 which have no¢ been met 41 the year end date are noted a5 a commiknent but not accrued a5 expenditure, T4n%ibl¢ fixed •s$el$ Depre¢iation is provided at the followin8 annual rates in order to write off ¢a¢h assei over its estirnaied useful life. TAXatloN The charity is exempt from lax on its charitable aciivities. Fund accountlng Unre5tTicl¢d fvnds be wed in %¢ordwKc with the charithble objectives at the discretion of th¢ trustees. Restricted funds can only be Lsed for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when fijnds are raised for particular restricted purposes. Further explanation of the nature aNJ PUTpose of each fund i5 included in the notes to ihe financial s(aiemenis. Page 8 continued...
THE PROVINCE OF HAMPSHIRE & ISLE OF WIGHT MASON'IC CHARITABLE TRUST NOTES TO THE FINANCIAL sfATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2025 INVESTMENT INCOME 2025 2024 Rents received Income from listed investments D¢posit accounl interest 450 82,IM13 3JOI 13,202 128,251 1,404 91,754 142,857 TRUSTEES, REMUNERATIO]4 AND BENEFITS There were t)0 trusi¢¢s' r¢rnuneration or other benefits for the year ended 31 D¢¢ember 2025 nor for the year ended 31 De¢ember 2024. TruJte¢s' ¢xpeTh There were no trusiees, expense5 paid for the year ended 31 December 2025 nor for the year ended 31 December 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fid Endowment fund Toial nds INCOME AND ENDOWMENTS FROM Inve5¢ment income 142.8S7 142,857 EXPENDITURE O Raising fun(L% 60,111 60.111 Charltabk etlvltles Individu$ 70,035 70.035 Oth¢r (248.268) 1248,268) Total (118,122) 1118.1??) NET INCOME Trnsf¢r¥ belween funds ?60.979 (ry89.103) ?60.979 ?89. IO) Net movement in funds 128,124) ?89.103 ?60.979 RECONCILIATION OF FUNDS Total fijnds brought forward 341,216 3.847.518 4.188.734 TOTAL FUNDS CARRIED FORWARD 313,092 4.136.621 4,449,713 Page 9 continued.-
THE PROI"INCE OF H.411PSHIRE & ISLE OF II'.IGHT M.4SON'IC CH.4RiT.4BLE TRL,ST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED31 DECEMBER 2025 TANGIBLE FIXED ASSETS Short leasehold COST At l January 2025 and 31 Decemtr*r 2025 31,081 DEPRECIATION At l January 2025 and 31 December 2025 13,445 NET BOOK VALUE Ai 31 December 2025 18236 At 31 December 2024 18236 FIXED ASSET INVESTMENTS Listed investhients Unlisted investments Totals MARKET VALUE Ai l January 2025 Additions Disposals 4,118J85 321,807 107J93 4225,778 321,807 (&876) (8076) At 31 December 2025 4,440,192 98,517 4O3&709 NET BOOK VALUE At 31 December 2025 4.440,192 98,517 4038.709 At 31 De¢ember 2024 4.118,385 107,393 4,225,778 There were no investment assds outside the UK. C05t or valuation at 31 December 2025 is represenied by: Llsted Investments Unlisted investments TotAI$ Valuation in 2022 Valuation in 2023 Valuation in 2024 Valuation in 2025 3,724,039 253,11$2 (84,645> (61,014) (8,876) 3,977,091 20,598 228,089 312,931 289,103 321007 4.440,192 98,517 4,538,709 Pag¢ 10 continued...
THE PRONINCE OF H.4I1PSHIRE & ISLE OF II'IGHT MASONIC CHARITABLE TRLST NOTES TO THE FINANCIAL sfATEMENTS- eontinued FOR THE YEAR ENDED 31 DF.CEMBER 2025 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2112S 2024 Trade creditOTS Oth¢r Creditors {1) 6JOO 6,900 6,299 6.900 MOVEMENT IN FUNDS N¢t movement in fijnds At 31 12.25 At 1.1.25 Unrestricted thnds General fund 313,092 309,647 622.739 Endowment fund$ Endowinent fijnds 4,136,621 4,136,621 TOTAL FUNDS 4,449,713 309,647 4,759J60 Net moiemeni in fvnds, included in the ab)ve are as follows.. Incoming Resources expended Movem¢nt in fund5 L ttrestricted funds General nd 97,974 211.673 309,647 TOTAL FUNDS 97,974 211,073 309,647 Comp8ralives for rnovemeDI ID fund¥ Transfers between nds rnovement in funds At 31.12.24 At 1.1.24 Unrestrleted fund$ General fund 341216 260,979 (289,103) 313,092 Endowment funds Endowment funds 3,847.518 289,103 4,136.621 TOTAL FUNDS 4.188,734 260.979 4,449.713 Page 11 continu¢d...
THE PROI"I.NCE OF FL411PSHIRE & ISLE OF IGHT MASONIC CHARITABLE TRUST NOTES TO THE FINA.YCIAL STATEMENTS- continued FOR THE YEAR ENDED31 DECEMBER 2025 MOVEMENT IN FUNDS- continwed CoTnparatiYe net TnoveTnent in fimds, includ¢d in th¢ are as follow5.. Incoming Resourc¢s ¢xpended Movem¢nt in funds Unrestricted funds General filnd 142.857 118,122 260,979 TOTAL FIINDS 142,857 118.122 260,979 A CUTrent year 12 months PTior yeaT 12 months combined position 15 as follows.. Ner movement in funds Transfers between runds At 31.12.25 A¢ 1.1.24 Unre$trl¢ted fund$ General fiJnd 341.216 570,626 (289,103) 622,739 Endowment fund$ F.ndowineni fimds 3.847.518 289,103 4,136,621 TOTAL FUNDS 4.188.734 570,626 4,7S9,360 A current year 12 months and prior year 12 Months combined net movement in fimds, included in th¢ above are as follows.. Incomin8 resources Resources expended Movement in funds Vnre5trlcted fund$ tieneral fund 240.831 329,795 570,626 TOTAL FUNDS 240,831 329,795 570.626 Page 12 continued...
THE PROVINCE OF HAMPSHIRE & ISLE OF WIGHT MASONIC CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED31 DECEMBER 2025 RELATED PARTY DISCLOSURES There were no related party transactiorts for the year ended 31 December 2025. Page 13
THE PROVINCE OF HAMPSHIRE & ISLE OF WICHT MASONIC CHARITABLE TRUST DETAILED STATEMENT OF FINAP4CIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 INCOME AND ENDOWMEYTS Don8tions and legacies Donations 6320 Investment income Rents received Income from listed investments tkposit account interesi 6,4Yfr 82,003 3JOI 13,202 128,251 1,404 91.754 142,857 Total incomlng r¢gour¢¢s 97.974 142,857 EXPENDITURE Raislng donatlonx and leg¥cies Management charges payable Insurance Audiiors remuneration l.egal fees Repairs Doiw¢ion5 Ground Rent 4.020 3,900 380 7,500 853 1,969 22,000 5.224 18,250 6,977 39,256 41,826 Other trading actlvltle8 Investment management 23,666 18,285 Chartt#ble a¢tlviti¢s Grants to instilulions Grants to individuals 00.893 70,035 66,893 70.035 Other Revaluation of investments Profil on sale of investments (195,9131 (145.5751 26,792 (275,060) (341.488) {248.268) Tothl resources expended (211,673) {118,122) Net In¢ome 309,647 260,979 This page doe5 not form part of the statutory financia] statements Page 14