2020-08-31-accounts - The Grand Lodge Of Mark Master Masons' Fund Of Benevolence

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Risk		Steps to mitigate risk
Loss ofKey	Staff	Succession planning, document	systems, agree notice periods and		handovers
Disaster recovery		Agree ITrecovery plan, implement data		back-up, review insurance,	create disaster
		recovery plan
Investment	Policies	Review &agree policy, obtain advice &		management, implement reserves policy,
		regular performance monitoring
Public Perception		Communicate with supporters	&beneficiaries, good quality reporting ofactivities
		&financial situation, implement	public relations training/procedures
Regulatory	reporting	Review &agree compliances procedures		and allocation ofstaff responsibilities

		FOR THE YE	AR ENDED 31AUGUST 2020
				2020	2019
			Notes	E	6
INCOME AND ENDOWMENTS		FROM:
Donations and legacies				1,360,908	1,437,859
Investments:
Investment income				592,166	613,210
Interest receivable				236	4,149
Other:
Rent receivable, 86St. james's		Street, London	SW1
Total				1,953,310	2,055,218
EXPENDITURE ON:
Raising funds
Investment management	fees			89,705	87,591
Charitable activities
Grants &Support Costs			4	1,781,523	2,113,927
Benevolent jewels distribution				42,857	52,686
Total				1,914,085	2,254,204
OPERATING SURPLUS /	(LOSS)			39,225	(198,986/
Gains on Investment Assets
Realised and unrealised	gains			(58,360)	517,656
NET INCOME / (EXPENDITURE)				(19,135)	318,670
NET MOVEMENT IN FUNDS				(19,135)	318,670
FUND BALANCES
As at 1September 2019				20,931,375	20,612,705
FUND BALANCES CARRIED
FORWARD				20,912,240	20,931,375
All ofthe above are represented		by continuing	operations.
There are no recognised	gains and losses other		than those shown above.

		2020	2019
	Notes	E	6
FIXEDASSETS
Tangible fixed assets		1,029,200	1,037,600
Investments		18,814,657	18,962,722
		19,843,857	20,000,322
CURRENT ASSETS
Debtors		79,418	79,801
Cash at bank		1,054,454	903,282
		1,133,872	983,083
CURRENT LIABILITIES
Creditors		65,489	52,030
		65,489	52,030
NET CURRENT ASSETS		1,068,383	931,053
TOTAL ASSETS LESSCURRENT LIABILITIES		20,912,240	20,931,375
REPRESENTED BYFUNDS
Unrestricted
Designated fixed assets fund		1,029,200	1,037,600
General fund		19,883,040	19,893,775
		20,912,240	20,931,375

					2020	2019
				Notes	6	6
Cash flows from operating		activities:
Net cash used by operating		activities			(530,935)	(829,151/
Cash flows from investing		activities:
Investment income					592,402	617,359
Proceed from sale ofinvestments					2,487,870	1,569,071
Purchase of investments					(2,398,165)	(1,458,929/
Net cash provided by investing activities					~682 107	~727501
Change in cash and cash equivalents in the			year		151,172	(101,650)
Cash and cash equivalents		brought forward				1004932
Cash and cash equivalents		carried forward			~44	~903282
Reconciliation ofnet (expenditure)/income			to net cash		2020	2019
flow from operating activities
Net (expenditure)/income offinancial activities)		for the year (as per Statement			(19,135)	318,670
Adjustment for:
Investment income					(592,402)	(617,359)
Loss/(gain) on investments					58,360	(517,656)
Depreciation oftangibles	fixed assets				8,400	4,200
Increase in debtors					383	14,431
Increase/(decrease) in creditors					13459	~31437
Net cash used by operating		activities			~53	~11
Analysis ofcash and cash	equivalents				2020	2019
					6
Cash in hand					1,054,454	903,282
Total						9~22

SUPPORT COSTS	SUPPORT COSTS		2020	2019
			E	E
Administration	fee		200,000	200,000
Printing and	stationery
General expenses			4,227	40,012
Rent paid Bank charges	and insurance	costs	135,000 52	135,000 153
Governance	costs (note 5)		19,500	19,200
			358,779	394,365

GRANTS					2020	2019
					E	6
Grants to other charities					1,304,326	1,618,595
Grants to individuals					118,418	100,967
					1322,744	1,719,562
Support costs (note 3)					358,779	394,365
					1,781,523	2,113,927
The grants to other charities		in	the year were:
Kirkwood Hospice Ltd					23,400
Cherry Trees Respite Care		Home			8,453
Martin House Hospice					39,957
Lake District Mountain Search & Rescue Association					71,765
Havens Hospice					92,548
Talbot House Trust North	East				98,198
Progressability. org Charity					20,456
St David's Hospice					16p739
Paul Sartori Hospice at Home					3,900
Maidstone Hospital Charity					13,479
17"Tonbridge Scout and	Guides			Band	5,329
Great Marlow School Boat		Club			88,830
Safe Anchor Trust Ltd					48,235
South Yorkshire Community			Foundation —Distribution		20,000
Sussex Community Development				Association	17,108
Crisis UK					5,000
Elizabeth Jane Jones Charity					23,000
Haverhill Squadron Air Training				Corps Welfare	6,462
Get Set Girls					5,171
Friends of Collett					14,365
Young and Inspired					2,629
Great Western Ambulance					56,213
Hope House Children Hospices					45,000
Communigrow					5,662
The Docbike Project					42,050
Ruby's Friend					48,488
Hope for Tomorrow —MCCU			Norfolk		182,000
Peter Le Marchant Trust					35,250
Ocean Youth Connexions					3,680
Somerset Province (Support			ofSomerset Food Banks)		5,750
Essex Province —Meals on		Wheels			23,750
Northumbria Blood Bikes					23,541
Amersham Band					7,950
Leic & Rutland Provincial	Keystone Boxes Initiative				10,800
Abbeyfield House					4,378
Teignmouth Meals					11,000
SERV Kent					5,127
Action for Pulmonary Fibrosis					8,800
Forget Me Not Children's	Hospice				16,585
Derbyshire Province					10,000
Severn Freewheeler					10,542
Northumberland Meals on		Wheels			14,240

Bath Masonic Square Meals Project		8,500
St Peter's Hospice		5,000
Essex Province —Meals on Wheels		3,000
Children's Hospice South West		1,088
The Door Foundation Romania —Humanitarian	Aid Project	2,500
Richard House Hospice		6,875
University ofSouthampton		37,000
Bristol Ensemble Preludes Project		4,500
Hope for Tomorrow		25,000
District of Cyprus —Lebanon Explosion Appeal		5,000
Nationwide Association of Blood Bikes		10,033
		1,304,326	1,618,595

GOVERNANCE	GOVERNANCE	COSTS	2020	2019
			E	6
Auditor's	remuneration		19,500	19,200

FIXEDASSETS	Leasehold
	property
	6
Cost	2020
At 31August 2020 and 1September 2019	1,200p000
Depreciation
At 1September 2019	162,400
Charge for the year	8,400
At 31August 2020	170,800
Net BookValue
At 31August 2020	1,029,200
At 31August 2019	1,037,600

INVESTMENTS		2020 f	2019f
Market value at 1September 2019		18,962.722	18,555,208
Less: Disposal proceeds		(2,487,870)	(1569072/
Add: Acquisitions at cost		2,398,165	1,458,929
Net realised and unrealised	gains	(58,360)	517,656
Market value at 31August	2020	18,814,657	18,962,722
Historic cost		13,295,396	13,109,789