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