BRISTOL MASONS. CHARITY ICHARITY REGISTERED NUMBER- 2065281 ANNUAL REPORT AND ACCOUNT5 FOR THE YEAR ENDED 31 DECEMBER 2024 UNAUDITED Wormald & Partner5 Chartered Accountants Brurnel House 11 The Promenade Clifton Down B58 3NG BRISTOL MASONS. CHARITY ANNUAL REPORT AND ACCOUNTS FOf( THE YEAR ENDED 31 DECEMBER 2024 CoP￿ENTs PAGES Trustees. Annual Report Independent Examinerfs Report Receipts and Payments Account Statement of Assets and Liabilities Notes to the Accounts BRISTOL MASONS. CHARrrY ANNUAL REPORT AND AccouNrs FOR THE YEARENDED31 DECEMBER 2024 The Trustees of Bristol Masons, Charity I'the Chariv) and the Executive Committee present their annual report and financial statements forthe year ended 31 December 2024. The financial statements have been prepared in accordance with the 3ccountin8 policies set out in note I to the financial statemenis and complv with the CharitVs Rules and Regulatlons and the Charities Regulations 2008. REFERENCE AND ADMINISTRATIVE INFORMATION Trustees A R05engren R Lewis Rerfd S A Hawkins D Mander T BruntoTr lappoi4)ted 30 April 20241 Registèred Office Freemason5' H311. 31 Park Street, Bristol BSI 5NH Charfty Number: 206528 Independent Examlner Wormald & Partners, Chartered Accountants. Brunel House, 11 The Promenade, Clifton Down. Bristol 8S8 3NG Bankers Metro Bank, I Southampton Row, London WCIB SHA Natwest. Bristtsl City Office, Chatham Customer Service Centre, Kent ME4 4RT Investment Mana8ors Charle5 Stanley & Co. Limited, 18 Queen Squafe. Bath BAI 2HN STRucfuRE, GOVERENCE AND MANAGEMENT The Chartty is constituted under Rule5 and Regulatitsns submitted to the Annual General Meeting in March 1990 las amended 26 March 2012 and 3 April 20231. The Charity consists of the subscribing members ol the Masonic Lodges in the Province of Bristol as registered by the United Grand Lodge of England. Each Lodge appoints two members to act on behalf of their Lod8e on matters affecting the Charity and to represent their Lodge at all General Meetin8s of the Charity. The Management of the Charity is, subject to directions at the Annual General Meetin& delegated by the Trustee5 to a Management Committee, which consists of the Provincial Grand Master, the Secretary and Treasurer of the Charity, the Provincial Grand Almoner and the Provincial Grand Charity Steward, togethei with up to five subscribing members elected at the Annual General Meetin8. BRISTOL MASONS. CHARITY ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Recruitmtnt, Appolntment and Induction of Trustees The Rules and Regulations of the Charity provide for the appointment of five Trustees. New Trugtees are well aware of the artivities of the Charity and have an interest in the welfare of beneficiaries. Risk Management The major risk5 to which the Charity 15 exposed, as identified by the Trustees, have been reviewed and systems or procedures have been established to manage those risks. OBJECTS ANDACTIVITIES The objeds of the Charity are'.- l. To èfford relief to Masons lor their dependent relatives) who are, or may at any tifne have been, 5ubscribin8 membeis ol èny Lodge in the Province of Bristol and who are in reduced circumstance5. havin8 due regard to Lodge membership in gther Provtnces. 2. In exceptional circumstances to afford temporary relief to Masons in reduced circumstsnces lor their dependent relatives) living Wlthin the Province of Bristol but not having qualified as Subscribing members of a Bristol Lodge. 3. To support any Masonic Charities as theTrustees and Management Committee deem appropriate. 4. To support any Non-masonit Charitie5, Wlth activities identifiable within the Greater Bristol Area as the Trustees and Management Committee deem app¥opriate. 5. To support organisations or associations that are not registered Charities, but which provide community artivities for the wellbeing and improvement of people in the Greater Bristol Area as the Trustees and Management Committee deem appropriate. Relief is extended to qualifying Masons lor their dependant felativesl by way of grants. The Management Committee review these grants annually. It is also within the rernit of the Charity to make emergency grants of up to E6,0(K) per year for the immediate rellef of sudden financial hardships for any persons who would otherwise have qualified for an annual grant but who are not in receipt thereof. Grant Maklng Pollcy The Charity has established its grant making policy to achieve its objects for the public benefit to improve the lives of beneficiaries suffering from financial hardship. The Management Committee investigates each application for a55istsnce received by the Secretary and takes appropriate steps to ensure that adequate information is obtained in connection with each case. Applications are considered ontheif respettive merits by the Managernent Committee, which has the power to make grants. BRisfoL MASONS. CHARITY ANNUAL REPORT ANO ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACHIEVEMENTS AND PERFORMANCE The Trustees and Management Committee are maintaining a flexible approach to permit, where deemed appropriate, the level of grants to exceed the Charivs net income in anyone year. in order to enhance the aggregate level of grants awarded over ihe medium-term, without detriment to the long-term financial stability of the Charity. The Management Commlttee approved and paid grants totalling £194.72512023'. £186,812). In terms of charitable and other organisations eligible for grants, the Charity has supported a broad spectrum of activitie5 acros5 the wider community in the Greater Bristol Area. as illustrated below. 34.325 Charitable Activity 42.816 Eli5advanraEed children and Youn8 people Mental Health, Medical research and SUP[￿rt Hospice care 23.300 Food poverty and Homelessness Voluntary Emergency Semces 22,895 Support for the Elderly Other Masonic Charities 18.540 13,750 29,400 FINANCIAL REVIEW The Charl￿$ finances are under the dirert control of the Trustee5 and Management Committee and its sources of income are from investment income. together with donations from the Lodge5 and their individual members. Invtstment Policy and Perforniancè An investment polity has been determined by iheTrusteÈs and Management Committee and is conducted in conjunction with the Charivs investment rnanagers. Charles Stanley & Co. Limited. The TfUStèes' overriding policy is to achieve capital growth and income from investments over the long term. The risk profile of the investment portfolio has been maintained at medium-high. In 2024 total income from investments was £176.60412023'. £173.0101 and the Charity made a gain of £260,19012023'. gain of £209.8541 on investments held. BRISTOL MASONS. CHARtrY ANNVAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 In light of the continuing instability in financial markets, amid geopolitical concems and volatile etonomie data, the Trustees and Management Committee are well aware of the potential risks to the portlolio. recognising that the investment strategy is of a very long-term nature. RESERVES POUCY The Trustees consider the investments of the Charity to form an effective Endowment Fund for Ihe benefit of its member5. The Management Committee continues to seek and receive new cases for grants. The Trustees can utilise capital lunds for that purpose should it prove necessary. Approved by the Trustee5 on 3 April 2025 and stgned on their behalf by-_ A Rosengren Trustee INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRISTOL MASONS. CHARITY I report to the trustees on my examination of the accounts of the Bristol M350ns Chartty (The Charity) for the year ended 31 December 2024. which are set out on pages 6 to 9. Responslbllltles artd basis of report As the charity trustee5 you are responsible for the preparation of the accounts in occordance with the requirement5 Qf the Charities Act 20111'the ACYI. I report in respect of my examination ol the Charity's accounts carried out undef section 14S of the 2011 Act and in carrying o*Ji my examin3tion I have followed all the applicable Directions given by the Charity Comm¢ssion under Section 14515llbl of the 2011 Act. Independent Examlnèrfs Statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respecr.. l. Accounting record5 were not kept in respect of the Charity as iequired by section 130 of the Act.. or 2. The accounts do not accord with those records; or 3. The accounts do not comply with the applicable requirements concernine the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2(K)8 other than any requirement that the accouftts give a True and fair view, which is not a matter considered as part of an independent examinatton. I have no concerns and have tome across no other mètter5 in connection with the examination to which attention should be drawn in this report In order to enable a proper understanding of the accounts to be reached. Neil Dando. FCA For and on behalf of Womiald & Partners, Chartered A¢¢ountants, Brunel House. 11 The Promenade, Clifton Down, 8ristol. BS8 3NG. Date.. 3 April 2025 BRISTOL MASONS, CHARITY RECEIPTS AND PAYMENTS ACCOUP FOR THE YEAR ENDED 31 DECEMBER 2024 Notes 2024 2023 RECEIPTS Voluntary Recelpts 1.776 2,146 Investment Dlvldends and Interest 176.604 173,010 178,380 175,156 ASSET AND INVESTMENT5ALES Receipts from Sale of Imfestmènts 180,062 462,436 TOTAL REceipTS 358,442 637,592 PAYMENTS Investment Management Cost5 35,255 36,672 Costs of Charitable ArtlvltFes Grants to Individuals Giants to Instttution5 9.700 185.025 14,973 171,839 194.725 1,925 186.812 1.680 Govèmance Costs 231,905 225.164 ASSET AND INVESTMENT PURCHASES Purchase of IAvè5tments 232,841 605.789 TOTAL PAYMENTS 464.746 830.953 RECEIPTSIIPAYMENTSI 1106,3041 1193.3611 Cash Funds at l January 415.939 609.300 CASH FUND5 AT 31 DECEMBER 309,635 415.939 The notes on pages 8 to 9 fomi part of these financbal statements. BRISTOL MASONS. CHARirY STATEMEMf OF ASSEfs AND LIABIUTIES FOR THE YEAR ENDED 310ECEMBER 2024 Note5 2024 2023 CASH FUNDS Bank Accounts 22,063 11,783 Cash Held by Investment Managers 287.572 404,156 309.635 415.939 OTHER MONETARY ASSEts Loan io Freemasons of Bristol Lim*ted 250,OC 250.000 INVESTMENT ASSETS UK Listed Investments Overseas Listed Investment5 UK Fixed Interest Securities Aliernative5 1.963.630 2.691.738 1.032.469 518,585 1.940.384 2.362,574 1,057.414 533.081 6.206,422 5,893.453 NET ASSETS 6.766.057 6,559,392 The notes on pages 8 to 9 form part of thèsè financial statements. Approved and adopted for issue by the Trustees on 3 April 2025 and signed on their behalf bv:_ A Rosengren Trustee BRISTOL MASONS, CHARITY NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 DECEM8ER 2024 BASIS OF PREPARATION The financial statements have been prepared on a receipts and payments basis as peimitted bv sertion 133 of the Charities Act 2011. FUND ACCOUNTING Funds hèld by the charity are all unrestricted general funds. These are funds that can be used in accordance with the charitable objects at the discretion of the Trustees. INVESTMENT INCOME 2024 2023 Dividends- UK Equities Dividends- Overseas Securities Intere5t- UK Fixed Interesi Securities Interest on Cash Deposits 83.842 56,4(KJ 24.278 12,084 91.413 51.513 21,524 8.560 176.6Q4 173.010 GOVERNANCE COSTS Governance costs include those costs in the governance of its assets and liabilitie5 and are associated with constitutional and statutory requirements. 2024 2023 Independent Examination Administration Expenses Finartte C05t5 1.170 300 455 1,140 259 281 1,925 1,680 Neither the Trustees nor any persons connected with them have received any remuneration or reimbursement of expenses durin8 the year. LOAN TO FREEMASONS OF BRISTOL LIMITED Intluded in other monetary assets 15 8 loan of £250,00012023.. £250,000) to Freemason5 of Bristol Limited. Four Directors of the company, A Rosengren, R Lewis, T Brunton and J Davis are either Trustees of Bristol Masons. Charity or hold a permanent position on its Management Committee. The loan is repayable on the sale of 31 Park StreeL Bristol and Bristol Mason5' Charity has waived Its rtghts to any historical interest on this loan. BRISTOL MASONS. CHARITY NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FIXED ASSET INVESTMENTS Investments are included at the year end market value. Listed investments include both direct investments in equities and indirect investments via Unit Trusts. 2024 2023 Movements in Fixed Asset Investments:. Market Value at l January Acqui51tion5 at Cost Disposals at Carrying Value GainsllLos5e51 on Investment Assets 5,893,453 232,841 1180,0621 260.190 5,540,246 60S.789 1462,4361 209,854 Market Value at 31 Decembei 6.206,422 5,893,453