2023-03-31-accounts

Contents			Page
Trustee's	Annual Report
Statement	ofTrustee's	Responsibilities
Auditor's	Report
Statement	of Financial	Activities	12
Balance Sheet			13
Statement	ofCash Flows		14
Notes to the Financial		Statements	15

or the MCF. The tru	stee board and the main committees meet as	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 ofexecutive and	staff pay &benefits
Strategy	Development and implementation	ofstrategies to support the
	Charity's objectives. In addition, strate ic'awa da '.	the trustees	hold an annual

The principal risk	The principal risk	The principal risk	s identifi	ed 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
				sustain abilit			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, IT security,
							increased awareness amongst staff
Unavailability		ofoffice		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 ofcompliance				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 dame e			rocedures and controls

			Note	2023	2022
				E'000	8'000
INCOME
Legacies				109
Total income				109
EXPENDITURE
Charitable activities				(108)	(15)
Total expenditure				108	15
NET MOVEMENT	IN FUNDS			1	6
Total funds brought	forward			2	8
Total funds carried forward
All income and expenditure		derive from continuing	activities
The notes on pages 15to 17form part ofthese financial statements

BALANCE	SHEET	as	at	31	March	2022	Note	March	2023	March	2022
									f'000		L'000

CURRENT ASSETS	CURRENT ASSETS
Debtors
Cash at bank and	in hand
Total net assets
CHARITABLE FUNDS
Restricted funds
General reserves

						2023	2022
						2000	F.'000
	Operating Activities
	Net cash provided by/(used	in) Operating		Activities	A
	Change in cash and cash equivalents		in the
	reporting period
	Cash and cash equivalents at	the beginning		ofthe
	reporting period
	Cash and cash equivalents at the end		ofthe
	reporting period
	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
	Adjustments for:
	(Increase)/decrease in debtors
	Net cash provided by/(used	in) Operating		Activities
8	Analysis ofcash and cash equivalents
	Cash at bank and in hand
	Total cash and cash equivalents

YE	AR ENDED 31 MARCH 2023
2.	CHARITABLE ACTIVITIES	2023	2022
		E'000	F.'000
	Care and welfare support	108	15
		108	15

DEBTORS	DEBTORS				March	2023	March	2022
						E'000		F'000
Amounts	owed	by	group	undertakings