BRISTOL MASONS, CHARITY (CHARITY REGISTERED NUMBER: 206528) ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 51 DECEMBER 2025 UNAUDITED Wormald & Partners chartered Accountants Brunel House 11 The Promenade clifton Down Bristol BS8 3NG BRISTOL MASON5' CHARITY ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 CONTENTS PAGES Trusteeg Annual Report Independent Examlnerfs Report Receipts and Payments Account statement of Assets and Liabilities Notes to the Accounts BRISTOL MASONS, CHARIIY ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustees of Bristol Ma50ns' Charity I'the Charity") and the Executive Committee present their annual report and financial stiatEments for the year ended 31 December 2025. The financial statements have been prepared in accordance with the accounting policies set out in note I to the financial statements and complv with the Charlty's Rules and Regulation5 and the Charities Regulations 2008. REFERENCE AND ADMINISTRATIVE INFORMATION Trustees A Rosengren R Lewis Rev'd SA Hawkins D Mander T Brunton Registered Office Fi-eèmasons, Hall, 31 Park Street, Bristol BSI 5NH Charlty Number: 206528 Indepen(lent Examiner Wormald & Partner5, Chartered Accolsfbtants. Brunel House, 11 The Promenade, Clifton Down, Bristol B58 3NG Bankers Metro Bank, I Southampton Row, London WCIB SHA N2tWest, Bristol City Office, Chatham Customer Service Centre, Kent ME4 4RT Investment Managers Raymond james Wealth Management Limited (formerly Charles Stanley & Co. Limited), 18 Queen Square, Bath BAI 2HN STRUCWRE, GOVERENCE AND MANAGEMENT The Charity is constituted under Rule5 and Regulations submitted to the Anntjal General Meeting in March 1990 las amended 26 March 2012 and 3 April 20231. The Charity consists of the 5ubs¢ribing members of the Masonic Lodges in the Province of Bristol as registered by the United Grand Lodge of England. Each Lodge appoints two member5 to act on behalf of their Lodge on matter5 affecting the Charity and to represent their Lodge at all Gener31 Meetings of the Charity. BRISTOL MASONS, CHARITY ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 The Management of the Charity is, subject to directions at the Annual General Meetin& delegated by the Trustees 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, together with up to f5ve subscribing members elected at the Annual General Meeting. Recruitment, Appolntment and Inductlon of Trustees The Rules and RegulatioTrs of the Charity provide for the appointment of five Trtjstees. New Trustees are well aware of the activities of the Charlty and have an interest In the welfare of beneficiaries. Risk Management The malor fisks to whith the Charity is exposed, as identified by the Trustees, have been revlewed and systems or procedures have been established to manage those risks. OBJECTS AND ACTIVITIES The objects of the Charity are'.- l. To afford relief to Masons lor their dependent relatives) who are, or may at any time have been, subscriblng members of any Lodge in the Province of Bristol and who are in reduced circumstance5, having due regard to Lodge membership in other Provinces. 2. In exceptional circumstances to afford temporary relief to Masons in reduced circumstances lor their dependent relativesl Ilvlng within the Province of Bristol but not having quallfied as sijbscrlblng rnembers of a Brlstol Lodge. 3. To support any Masonic Charlties as the Trustees and Management Committee deem appropriate. 4. To support any Non-masonlc Charitles, with actlvlties identifiable within the Greater Bristol Area as the Trustees and Management Committee deem appropriate. 5. To support oiganisations orassociations that are not registered Charities, but which provide communlty activitles for the wellbeing and improvement of people in the Greater Bristol Area as the Trustees and Management Committee deem appropriate. Relief 15 extended to qualifying Masons lor their dependant relatives) by way of grants. The Management Committee review these grants annually. It is also wlthln the remit of the Charity to make emergency grants of up to É6,000 per year for the immediate rellef of sudden financl31 hardships for any persolls who would otherwise have qualified for an annual grant but who are not in receipt thereof. BRISTOL MASONS, CHARITY ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 Grant Making Pollcv 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 as515tance received by the Secretary and takes appropriate steps to ensure that adequate information is obtained in connection with each case. Applications are considered on their respective merits by the Management Committee, which has the power to make grants. 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 Charity's net income in any one year, in order to enhance the aggregate level of grants awarded over the medium-term, without detriment to the long-term financial stability of the Charity. The Management Committee approved and paid grant5 totalling £138,16812024.. £194,725). In terms of charitable and other organisations eligible for grants, the Charity has supported a broad spectrum of activities across the wider community in the Greater Bristol Area, as illustrated below. Charitable Activity 18% 27% Disadvantaged children and Young people Mental Health, Medical research and support Hospice care io% Food povefty and Homelessness Voluntary Emergency Services Support for the Elderly Other Masonic Charltles 13% 19% FINANCIAL REVIEW The Charity's finances are under the direct control of the Trustees and Management Committee and its sources of income are from investment income, together with donations from the Lodges and their individual members. Investment Policy and Performance An investment policy has been determined by the Trustees and Management Committee and is conducted in conjunction with the Charity's investment managers, Raymond James Wealth Management Limited. BRISTOL MASONS, CHARir ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustees, 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 2025 total income from Investments was £171,75412024.. £176.6041 and the Charity made a gain of £765,98212024'. gain of £260,190) on investments held. In light of the continulng instability in financial markets, amid geopolitical concerns and volatile economic data, the Trustees and Management Committee are well aware of the potential risks to the portfolio, recognising that the investment strategy is of a very long-term nature. RESERVES POLICY The Trustees consider the investments of the Charity to form an effective Endowment Fund for the benefit of its members. The Management Committee contlnues to seek and receive new cases for grants. The Trustees can utilise capital funds for that purpose should it prove necessary. Approved by the Trustees on 9 March 2026 and slgned on their behalf by'.- A Rosengren Trustee INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BR15TOL MASONS, CHARITY I report to the trustees on my examination of the accounts of the Bristol Masons Charity (The Charity) for the year ended 31 December 2025, which are set out on pages 6 to 9. Responsibilitles and basls of report As the charity trustees you are responsible for the preparation of the accounts in accordance with the quirernents of the Charities Act 20111.the ACVI. I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my exan)ination I have followed all the applicable D1￿ctionS given by the Charity Commlssion under section 145{5llbl of the 2011 Act. Independent Examlnef's 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 matèrial respect.. l. Accounting records were not kept in respect of the Charity as required by section 130 of the Act,. or 2. The accounts do not accord with those records; or I have no concerns and have come across no other matters in connection with the examlnation to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Sam Alker, FCCA For and on behalf of Wormald & Partner5, Chartered Accountants, Brunel House. 11 The Promenade, Clifton Down, Bristol, BS8 3NG. Date: 9 March 2026 BRISTOL MASONS, CHARITY RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 Note5 2025 2024 RECEIPTS Volunlary Receipts 47 1,776 Investment Dlvldends and Interest 171,754 176,604 171,801 178,380 ASSET AND INVESTMENT SALES Receipts from Sale of Investments 824,121 180,062 TOTAL RECEIPTS 995,922 358,442 PAYMENTS Investment Management Costs 31,831 35,255 Costs of Charitable Activities Grants to Individuals Grants to Institutions 10,845 127,323 9,700 185,025 138,168 2,636 194,725 1,925 GovernJnce Costs 172,635 231.905 ASSET AND INVESTMENT PURCHASES Purchase of Investments 624,154 232,841 TOTAL PAYMENTS 796,789 464,746 RECEIPTSIIPAYMENTS) 199,133 1106,3041 Cash Funds at l January 309,635 415,939 CASH FUNDS AT 31 DECEMBER 508,768 309,635 The notes on pages 8 to 9 form.part of these financial statements. BRISTOL MASONS, CHARITY STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 31 DECEMBER 2025 Notes 2025 2024 CASH FUNDS Bank AccoLJnts 21,442 22,063 Cash Held by Investment Managers 487,326 287,572 508,768 309,635 OTHER MONETARY ASSETS Loan to Freemasons of Bristol Limited 250,CK)O 250,000 Ir4VESTMENT ASSETS UK Listed Investments Overseas Listed Investments UK Fixed Interest Securities Alternatives 1,942,287 2,937,609 1,363,499 529,041 1.963,630 2.691,738 1,032,469 518,585 6,772,436 6,206,422 NET ASSETS 7,531,204 6,766,057 The notes on pages 8 to 9 form part of these financial statements. Approved and adopted for issue by the Trustees on 9 March 2026 and signed ors their behalf by'.- A Rosengren Trustee BRISTOL MASONS, CHARITY NOTfS TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 BASIS OF PREPARATION The financial Statements have been prepared on a receipts and payments basis as permitted by section 133 of the Charities Act 2011. FUND ACCOUNTING Funds held 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 Trustee5. 2025 INVESTMENT INCOME 2024 Dividends- UK Equities Dividends- Overseas Securitles Interest- UK Fixed Interest Securities Interest on Cash Dep051ts 81,872 52,286 29,169 8,427 83,842 56.400 24,278 12,084 171,754 176,604 GOVERNANCE COSTS Governance costs include those costs in the governance of its assets and liabilitles and are associated with constitutional and statutory requirements. 2025 2024 Independent Examination Administration Expenses Finance Costs 1,200 1,076 360 1,170 300 455 2,636 1,925 Neither the Trustees nor any persons connected with them have received any remuneration or reimbursement of expenses during the year. LOAN TO FREEMASONS OF BRISTOL LIMITED Included in other monetary assets is a loan of £250,00012024.. £250,000) to Freemasons 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 Street, Bristol and Bristol Masons, charity has waived its rights to any historical interest on this loan. BRISTOL MASONS, CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 FIXED ASSET INVESTMENTS Investments are included at the year end market value. Listed investments include both direct investments in equltles and indirect investments via Llnit Trusts. 2025 2024 Movements In Flxed Asset Investments:. Market Value at l January Acquisitions at Cost Disposals at CarrySng Value GainsllLossesl on Investment Assets 6,206,422 624,154 1824,1211 765,982 5.893,453 232,841 1180,0621 260,190 Market Value at 31 December 6,772,437 6,206,422