2021-03-31-accounts

Contents			Page
Trustee's	Annual Report
Statement	ofTrustee's	Responsibilities
Auditor's	Report
Statement	of Financiai	Activities
Balance Sheet			13
Statement	of Cash Flows		14
Notes to the Financial		Statements	15

or the MCF. The tru	stee board and the main committees meet as follows:	stee board and the main committees meet as follows:
Board/Committee	Purpose			Meetings	per
				ear
Trustee Board	Main decision-making body with	ultimate responsibility	for the
	Charit
Audit and Risk	Identification and mitigation of risk, oversight ofexternal		audit
Finance	Ensuring adequate procedures	are in place to manage	all
	aspects offinancial planning, controlling and reporting.
Remuneration	Determination of executive and	staff pay 8 benefits
Strategy	Development and implementation	ofstrategies to support the
	Charity's objectives. In addition, strate ic'awa da '.	the trustees hold an annual

he principal risk	he principal risk	he principal risk	s ide	ntifie	d and agreed actions to miti	d and agreed actions to miti	gate a	re sh	own in the following table:
Risk					Conse uence				Miti ation
Significant	unexpected				Reputational	damage, loss	of		Strong financial procedures,
financial loss		from			confidence with key stakeholders				particularly budgetary planning and
operations					and impact	upon continuing	financial		control. Oversight from the Finance
					sustainabilit				Committee.
Inadequate	liquidity			to	Poor service to beneficiaries		and		Cash flow forecasting and liquidity
meet financial					reputational	damage. Withdrawal		of	planning within the Investment
commitments					ke services	from su liers			Strate
Significant	long-term				Impacts financial sustainability and				Appointment ofAsset Risk
loss in the	value		ofthe		reputational	damage with donors			Consultants as expert investment
investment	porffolio								advisors, providing monthly
									performance reporting and analysis.
									Oversight from investment and
									property committees.
Grants made		outside			Reputational	damage, loss	of		Strong procedures and controls for
the Charity's		Objects			confidence with key stakeholders				processing grants. Oversight from
and operating					and potential	trustee liability			Masonic Support and Charity Grants
uidelines									committees
Cyberattack	on		IT		All key operations are compromised				United Grand Lodge of England
systems									("UGLE")and IT network providers
									have strong security procedures in
									place covering access, protection,
									backups and disaster recovery
									facilities. Mandatory cybersecurity
									trainin in lace for all staff
Data protection			breach		Reputational	damage and significant			Data protection policy, ITsecurity
					financial enalties				and HR olicies in lace
Fraud					Financial loss, reputational		damage,		Financial procedures, segregation of
					adverse impact upon staff				duties, authority limits, ITsecurity,
									increased awareness amongst staff
Unavailability		of	office		Operations	compromised			UGLE Business Continuity Plan
accommodation
Loss ofpaper		records			Breach of legal obligations,		adverse		Reduced reliance on paper records
from fire/flooding					impact upon	operations, potential			with increased use of IT.
					financial enalties
Lack of compliance					Breach of legal obligations,		potential		HR procedures and staff handbook,
with employment					financial penalties, breakdown of				Induction processes for new staff.
legislation					staff morale	and adverse impact			Ongoing management training and
					upon service provision				Personal Development Review
Undue reliance			on key		Operational	breakdown, adverse			HR procedures: organisational and
persons					impact upon	staff morale, poor			succession planning.
					service to beneficiaries and		potential		Comprehensive documentation of
					re utational	dama e			rocedures and controls

			Note	2021	2020
				f.'000	E'000
INCOME
Legacies				110	107
Total income				110	107
EXPENDITURE
Charitable activities				(141)	(130)
Total expenditure				141	130
NET MOVEMENT	IN FUNDS			31	23
Total funds brought	forward			39	62
Total funds carried forward				8	39
All income and expenditure		derive from continuing	activities
The notes on pages 15to 17form part ofthese financial statements

ROYAL MASONIC HOSPITAL CHARITY
BALANCE SHEET as at 31 Ilarch 2021	Note	March 2021	March 2020
		E'000	E'000
CURRENT ASSETS
Debtors			34
Cash at bank and in hand			5
Total net assets			39
CHARITABLE FUNDS
Restricted funds
General reserves			39
Total charitable funds			39

							2021	2020
							F000	F'000
	Operating	Activities
	Net cash	provided by/(used in) Operating			Activities	A
	Change in cash and cash		equivalents	in the reporting
	period						(3)
	Cash and	cash equivalents	at the beginning		ofthe
	reporting	period
	Cash and	cash equivalents	at the end	ofthe reporting
	period					B
	Notes on	the cash flow statement
A	Reconciliation ofnet income/(expenditure)				to net
	cash flow from operating		activities
	Net movement in funds as per the Statement				of
	Financial	Activities					(31)	(23)
	Adjustments for:
	Decrease	in debtors					28
	Net cash	provided by/(used in) Operating			Activities
B	Analysis	ofcash and cash equivalents
	Cash at bank and in hand
	Total cash and cash equivalents

CHARITABLE ACTIVITIES	2021	2020
	F'000	f'000
Care and welfare support	141	130
	141	130

4.	DEBTORS		March 2021	March 2020
			f'000	f'000
	Prepayments	and accrued income		34
	Amounts owed by group undertakings			0
				34