# ## ## ||||| |---|---|---|---| |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| ## ## ## ## ##