Charity Registration Number: 207610
THE MARK BENEVOLENT FUND
FINANCIAL STATEMENTS
31 AUGusf 2025

THE MARK BENEVOLENf FUND
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 AUGU5T2025
The Trustees present their report and the financial staternents for the year ended 31 August 2025.
IEGAL AND ADMINISTRATIVE DETAILS
The charity is The Grand Lod8e of Mark Master Ma50n5' Fund of Bènevolence and is registered at the Charity
Commission under registration number 207610. The charity operates as The Mark Benevolent Fund. The
¢harlty's address Is 86 St James's Street, London SWIA IPL.
TrUSTEES
The Tmstees of The Mark Benevolent Fund who served during the year, and to the date of signing this report,
were..
l N Clarf(
W A Divall
G Hutchinson
K HScks
R J Olliver
D Powell
R F Richardson
Dr J Sheryington
J ste88les (Retired 10 June 20251
D Thomas (Retlred 10 lune 20251
A l Torrance (Retired io June 20251
A Armbrister (Appointed 10 June 20251
Dr N Mehta (Appointed 10 June 20251
I Wolstencroft (Appointed 10 June 20251
Newly appointed Trustees receive a briefing from the President and Honorary Secretary, an Induction pa¢k from
the Charities Manager and attend training days as necessary.
ORGANISATION
The Board of Trustees delegate the day-to-day running of the charity to the management of the Grand Lodge of
Mark Mastef Masons. There are three sub<ommittees to the Board of Trustees..
11 The Petitions Committee provides relief to poor and distressed Mark Master Masons. theirwive5, widows and
chlldren. Individual grants of up to £15.¢fjO may be made for help wlth general living expenses for a 12-month
period, relief of debt if appropriate and one-off items suth as roof rèpèir5 and heating system replacement.
Committee member5 carefully consider each application ¢irtulated by emall and independently report back
to the Petitions Committee chairman who notifies the Committee's decision to the Charities Manager. The
members of the Committee are G Hutchlnson Ichalmianl, W A DSvall, D Powell, Dr N Mehta and I
Wolstencroft. The full Board of Tru5tee5 meets quarterly when all petition5 for relief are noted.
21 The Worthy Causes Committee awards grants to other Tegi5tered charities and worthy causes. Appllcation5
for assistance are received from registered charities and worthy causes, or from provinces on their behalf, by
the Charities Manager. In cases where the tharity is seeking less than £50,000, the application is rir¢ulated bv
emall to members of the Worthy Causes Commlttee by the Charities Manager. They carefully conslder the
appllcation and send thelr vlews to the Chairman of the Worthy Causes Committee who notifies the
Committee's decision to the Charities Manager, so that the charity can be informed. The membèrs of the
Worthy Causes Committee are R RSchardson IChalrm3nl. D Hlll. R Olliver. A Armbrlster and DT J 5hervington.
In cases where the charrty is seeking £50,IXJO oc more, thè appllcatlon Is clrculated by email to all members of
the Board of Trustees for consideration. Each Trustee send5 hisviews tothe President of the Fund who notifies
the decision to the Charities Manager. The full Board of Trustee5 meets quarterly when all applications are
noted.
31 The Grènd Master's Keystone Fund IGMKF- a designated fund), founded In 2023 for the purpose of awardlng
bursarie5 to encourage educational, vocational and sporting a¢hlevement, Is named after our Grand Master,
HRH Prince Michael of Kent GCVO, in 8ratitude for over 40 years of service to Mark Masonry. Appllcants for a
bursary may be the children, stepchildren, grandchildren, 5POU5e, widow, or other dependènt of a member
or deceased member of an Order admlnistered from Mark Masons, Hall, or may be a member themselve5.

THE MARK BENEVOLEMf FUND
TRU5TEES' REPORT (CONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2025
An Awards Panel considers all bursary applications. The membèrs of the Awards Panel are Drj Shervington Ichairl,
D Hill, T Harvey (Deputy Chairl, M Christmas, M Winch and L Finch. A volunteer Bursary Scheme Coordinator has
been appointed to provide administrative support to the Awards Panel. The sthernÈ opened for applications in
July 2025.
PRINCIPAL AOVISERS
BANKERS
Clydesdale Bank plc (Tradin8 as Virgin Moneyl
7 Gold street
Northampton
NNIIEN
FUND MANAGERS
JMFinn&CoLtd
4 Colernan Street
London
EC2R STA
AUDITOR
Crowe U.K. LLP
55 Ludgate Hlll
London
EC4M 7JW
CoNST￿U￿0N AND OBJEcrs
The Mark Benevolent Fund is governed by both statute (Charitie5 Act) and the Constitutions and Re8ulatlons for
the Goveinment of thè Order of Mark Master Masons dated 1955 and subsequent amendments. ThÈ objects of
the charity are defined as follows.
TheTrustees shall hold the Fund of Benevolen￿ and its income upon trust to apply them subject to the provlslons
of the Regulations for:
such exclusively charitable purposes as may be determined from time to time by the Trustees. who in
reachin8 that determlnation shall seek and consider the views of the Grand Lodge,. and
the relief of need, hardship and ¢Jistiess among Mark Master Masons. thelr famllles or other dependant,
andlor amongst retlred employee5 of The Grand Lodge in such manner as th￿ shall from time to time
determine.
The Mark Benevolent Fund ￿ supported by contributions from Brethren, their Ladies, Lodges, Provlncès and
Districts and these may take the form of donations, covenants, lega¢ies or bequests.
The Trustees confirm that they have cornplied with the duty In section 17 of the Charitles Acl 2011 to have due
regard to the guidan￿ issued by the Charity Commission on public benefit.
21
ACTivrriES
The Trustees have contlnued to revlew all petltlons for relief, all applications from re8lstered charities and worthy
tausès and appllcationsfor bursarlès. Grants were made from The Mark Benevolent Fund to Mark Master Masons.
their families. or other dependants and for specific purposes to other re8iStered charltles and worthy causes. In
September2024. theTrustee5 of the Mark Benevolent annoUn￿d two malorcapltalBrants totsllin8 approximately
£2.5 million over two-to three years to Wheelchalr Rugby aubs and Gre8t Brftaln National Wheelchalr Rugby
Team, and Blood Bikes- England & Wales.
The total 8rants made in the year under the trustees, grant-maklng pollcy lsee page 31 amounted to £2,758,958
12024.. £1,386,233) of which E552,11712024.' £nlll wa5 pald to Wheelchair Rugby Clubs and Great Britain National
Wheelchair Rugby Team, £646,96012024'. £nill was paid to Blood Bikes - England & Wales, £L443.73912024:
£1,372,013) was paid to 62 charities. £116.14212024'. £14,220) was paid to Mark Master Masons and other
dependants in need, and GMKF bur5arles £nll12024: £nill.
Subsequent to the year end, the Trustees have awarded the first bursarles under the GMKF.
2 IPage

THE MARK BENEVOLE￿ FUND
TRUSTEES, REPORT {coNfiNUED)
FOR THE YEAR ENDED 31 AUGUST 2025
FUNDRAISING
The rnajority of the ch3riVs income is from the members of the Grand Lodge of Mark Master Masons. The Mark
Benevolent Fund ha5 not engaged with thlrd parties to raise funds and any direct approach to members of the
publ1¢ for fundin8 has been limited. No complaints were recelved In relatlon to the Mark Benevolent Fund's
fundraising activities.
GRA￿ MAKING POLICY
Grants in response to petitlons for relief are rnade to Mark Master Mason5, Iheir farnllles or other dependents.
andlor retlred employees of the Grand Lodge, provided that such grants are for the relief of need or distress. All
grants awarded take account of a petitionerf5 financial circumstances and require approval by the Petitions
Committee.
Grants are also made for charitable purposes other than for the relief of need. All such grants awarded are subjert
to approval by the mèmbèrs of the Worthy Causes Committee or the full Board of Tru5tee5. and are reported to
Grand Lodge.
GMKF bursarles may be the children, step¢hildren, grandChIld￿rt, Spouse, wldow, or other dependent of a
memberordeceased rnember of an Order administered from Mark Masons. Hall, or may be a memberthemselves.
The purpose of awardlng bursaries to encourage educational, vocational and Sporting athievemènt. All bursarie5
awarded are subject to approval by the members of the Awards Panel, and ale reported to the Trusiees on a
ular basls.
RESERVES POLICY
The total reserves of the Fund amounted to £19.9 million12024: £20.8 mlllionl, comprising the MBF General fund
of £18.5m12024.. £19.7ml, the GMKF la deslgnated fund within the General Fund) £0.5m12024 £0.2ml and the
property fund El.Om12024 £1.Oml.
During the year ended 31 August 2025, the trustees reviewed the reserves policy and agreed to maintain the
reserve5 at a level sufficient to generate adequate Investment incorne to meet current fundlng requlrements. Thls
will be reviewed annuallv.
The majority of 8rant5 are paid to non m350nic charities with the balance pald in the main to the elderly. These
take the form of either ordinary grants, emergency grants or annuity grants which may have to be maintalned lor,
on average, between 12 and 15 years. It is the policy of the Tru5tee5 to ensure that the fund has adequate resefves
to pay these grants each year. Funds are also retained as it is the practice to make major ￿pital grants from time
to time,. investments an¢J income must thèreforè be malntaSned to further this policy.
GOING CONCER14
The Mark Benevolènt Fund Is governed by a board of twelve Trustees. which a￿ all honorary positions therefore
there are no direct financial costs in the governance tsf the Fund. The Charltlès Manager role and the financial
control administration duties are provided by employees of the Grand Lodge of Ma¥k Master Masons.
Our planningproce5sestake intoconsideratitsn thècurrènteconomlc climate and its ongoing impact on thevarious
sources of income and planned donations. Fundraising 15 mainly provided by Mark Master Masons who host, by
fotatlon of each provlnce In England and Wales, Mark Benevolent Fund Annual Festlvals.TheAnnual Festival Result
reflect5 the total funds raised over the course of the festival perlod of around 10 years. It Is expected that thls
approach will continue for the foreseeable future.
Trustee5 consider that there are sufficient reserves held at 31 August 2025 to respond to any foreseeable
downturn in the UK economy. The Tru5tee5 consider that there is a reasonable expectation that the charity has
adequate resources to continue in operational existence for the foreseeable future and. for thls ￿3$on, the
Trustèes continue to adopt the goin8 concern basls In prepailng the financial statements.
3 |Page

THE MARK BENEVOLENT FUND
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
INvESTMEp￿ POWERS
Investment powers are set out and operated wlthln the provisions of the Trustee Att 2cA￿ and thè Trust Deed.
The investments are overseen by the Investment Committee, with J M Finn & Co Limited appointed to manage
the investments on a discretionary management ba515.
INVESTMENT POLICY AND PERFORMANCE
Thè Investmènt portfolio is managed byjm Finn & Co Ltd under their Discretionary Portfolio Management Service.
Our Investment Obje¢tive is to seek a combined return from income and capital growth. A medium rlsk portfolio
wlth no specified minimum of low risk investments has been selectèd. There are currently no investrnent
restrlctlonslspetial Instructions glven to JM Finn & Co Ltd.
The aim In the Trust Deed 15 to quickly provide grants in relief of need or distress for Mark Master Masons and
their dependants, to SUPPOrt other registered charities and worthy causes and from tlme to tirne to award major
capitslgrants to worthy causes. The sources of income forthe Fund include donatlonsfrom rnembers, fund5 raised
from annual festlvalsi glfts left in wllls/le8acies and any investment income lincludinB capltal growth).
The Investment Committee of which the President lor other designated Trustee) of the Mark Benevolent Fund is
member mèets quarterly to review investment portfolio funds.
RISK POUCY
The Trustees have reviewed their procedure5 to identlfy and examine the malor strategic. business and
operational rlsks that the charity fa￿5. The ne￿$sary 5VStems are e5tabli5hed to enable reports to be produced
to ensure that action is taken to manage the effects of the identified risks. Below is a Summary of the major risks
faced and poli¢ies tc) miligate these.
Rlsk
Loss of Key Staff
Disaster recovèry
Steps to mitl8ate risk
Succession plannin& document systems, agree notice perfods and handovers
Agree IT recovery plan, implement data back-up, review insurance, create disaster
recovery plan
Review & agrèe pollcy, obtaln advlce & managemenL implement reserves pollcy,
regular performance monitoring
Communicate with 5UPPOrters & beneficiarie5, good quality reporting of activities
& flnanclal sltuatlon. support for worthy causes
Review & agree compliances procedures. allocatlon of staff responslbllltles
Investment Policies
Public Perception
Regulatory reporting
TRVSTEES, RESPONSIBILMES
The Trustees are responslble for preparing the Trustees, Report and the financial ststements In accordance wlth
applicable law and regulations.
Charity law rèquires the Trusteesto p￿pa￿ financial statements for each financial year In accordance wlth Unlted
Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards) and applitable law.
Under charity law the Trustees must not approve the finoncihl statements unless they are satisfied that they 8ive
a true and fair view of the state of affairs of the charity and of its net incomlndoutgolng resources forthat period.
In preparlng these financlal statements. the Trustees are required to:
select suitable accounting pollcles and then appW them conslstentlvi
observe the methods and principles in the Charlties SORP-
makeludgments and estimate5 that are reasonable and prudent,.
prepare the flnancial statements on the going concern basis unles5 It Is inapproprlate to presume that
the charity will Continue to operate.
The Trustees are responslble for keeplng adequate accounting records that are Sufficient to show and explaln the
charitV5 transactions and dlsclosè wlth reasonable accuracy at any time the flnancial positlon of the tharity and
enable them to ensure that the financlal statements comply wlth the Charities Act 2011, thè Charlty (Accounts
and Reports) Regulation5 2(X18, thÈCon%titutlons and Regulatlons of the Grand Lodgeof Mark Master Masons and

THE MARK BENEVOLENT FUND
TRu￿EES, REPORT (cor+￿INuED)
FOR THE YEAR ENDED 31 AIJGusf 2025
the pro¥lslot)s of the charWsTrust Deed. Thtyare a150 responsible for 5#1eguaTdin8the assets Df the charlty and
fortaking reasonable steps forthe prevention ènd detertion tsf fraud and otherlrre8ularitles.
AUDITOA
Crowe U.L ￿ has Indkated tswllllngne55 to be reappotnted a5 statutory audltor.
Approved bythe Tru5tee5 IO. February2026 and on thelr behawty:
N Clark
President of the Mark Bene¥otsnt Fund
S IPage

Independent Auditorfs Report to thelrustees of the Mark Benevolent Fund
OpinSon
We have audited the financbal Statements of the Mark Benevolent Fund for the year en(Jed 31 August 2025
which comprise Statement of Financial Activities, the Balance Sheet. the Cash Flow Statement and notes to the
financial statements. including significant accounting policies. The financial reporting framework that has been
applied in their preparation 15 applicable law and United Kingdom Accounting Standards, including Financial
Reporting Standard 102 The Financial Reporting Standard appllcable In the UK and Republic of Ireland Iunited
Klngdom Generally Accepted Accounting Prarticel.
In our opinion the financial statements..
glve a true and falr view of the state of the charitVs affairs as at 31 August 2025 and of its incoming
resources and application of resources. including its income and expenditure fof the year then ended-
have been properly prepared in accordance with United Kingdom Genèrally Accepted Accounting
Practice,. and
have been prepared in accordance wlth the requirements of the Charities Act 2011.
Basls for oplnlon
We conducted our audit In accordance wlth International Standards on Auditing IUKI11SAs IUKII and applicable
law. Our responsibilities under those standards are fvrther dèsciibed In the Auditor's responsibilities forthe audit
of the financS3l statements section of our report. We are independent of the charity in accordance with the ethical
requlrements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities In accordance with these requirement5. We
believe that the audit evidence we have obtained 15 sufficient and approprlate to provide a basis for our opinion.
Condusiorts relatingto zoinz concern
In auditin8 the financial 5tatement5, we have roncluded that the trustees, use of the goin8 Ctsrttern basis of
accounting in the preparation of the financial statements is appropriate.
B35ed on the work we have performed. we have not Identlfied any material uncertainties relatin8 to events or
¢ondit10115 that, individually orcollectively, may cast significant doubt on the charity's ability to continue as a Boing
concern for a period of at least twefve months from when the financial statements are author15ed for issue.
Our responsibilities and the responsibilities of the trustees with resped to going concern are described in the
relevant 5edion5 of thi5 report.
Other Informatlon
The trustees are responslble for the other Informallon contalned within the annual report. The othèr information
comprises the information included in the annual rèport, other than the financial ststernents and our auditorfs
report thereon. Our opinion on the financial statements does not Cover the other Information and we do not
express any form of assurance concluslon thereon.
Our responsibility is to read the other information and, in doin8 50, Consider whethèr the other infom)ation is
mèterially inconslstent with the financlal ststements or our knowledge obtalned in the audit or otherwise appears
to be materially misstated. If we identify Such material inconsistencies or apparent material mlsstatements, we
are required to determine whether this gives rise to a material misstatement In the flnancial statements
thernselve5. If, based on the work we have performed, we conclude that there is a material misstatement of this
other Informatlon. we are requlred to report that fact.
We have nothin8 to report in this re8ard.
Matters on whlch we are requlred to report by exceptlon
We have nothlng to report In respect of the following matters In relatlon to which the Charities IAccounts and
Report51 Regulations 2CQ8 require u5 to report to you if, in our oplnlon:
the informatlon given In the financlal statements15 Incon515tent in any material respect wlth the trustees,
report,. or

sufficient accounting records have not been kept: or
the finan¢lal statements are not In agreement wlth the accounting record5 and returns,- or
we have not recewed all the information and explanatlon5 we requlre for our audit
Respon55bllltSe5 of iru5tee5
As explained more fully in the trustee5' fe5ponsibilitie5 Statement set out on page 4, the trustees are responsible
for the prèparation of the financial statements and for being satisfied that they glve a true and fair view. and for
such internal control as the tru5tee5 determine 15 necessary to enable the preparation of financial statements
that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitls ability to ¢ontinue
a5 a going contèrn, disdosln& as applicable. matters related to going conom and using the going concern basis
of accounting unle55 the trustees either intend to IlquSd3te the charity or to cease operatlOn5, or have no
realistic alternative but to do $0.
Audltorfs responslbllltles for the audit of the financial statÈmÈnts
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with
the Act and relevant regulations ma(le or havlng effect thereunder.
Oui objectives are to obtain feasonable assurance about whether the financial statements as a whole are free
from material misstaternent, whether due to fraud or error, and to issue an auditorf5 report that Includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accorilance wlth ISAS IUKI will always detect a materlal misstatement when it exists. Misstatements can arise
from fraud or error and are consldÈred material if. individually or in the aggregate, they ¢ould reasonably be
expetted to influence the economic declslons of users taken on the basis of these financial statements.
Irregularities. including fraud. are instances of non-compliance with laws and regulatlort5. We de51gn procedures
in line with our responsibilltlès, outlined above, to detect material rni55tatÈmènts In respect of irregularities,
including fraud. The extent to whl¢h our procedures are capable of deteCtIr￿ irre8ularities. indudingfraud is
detailed below:
A further description of our responsibilities for the audit of the finanelal statements is located on the Financlal
Reporting Council's website at.. www.frc.or
orsr
onsibllities. Thi5 dÈscriptlon forms part of our
auditorfs ieport.
Ejrtent to which ihe audlt was ¢onsldered capable of deteLt5ng Irregularlties, Indudlng fraud
Irregularities, includin8 fraud, are instantÈs of non-compliance with laws and regulations. We identSfled and
assessed the rlsks of rnaterial misstatement of the financial staternents from Srregularitie5, whether due to fraud
or error, and dlscu55ed these between our audit team members. We then deslgned and performed audit
procedures responslve to those rlsks, Includlng obtalning audit eviden￿ 5ufflaent and appropriate to provide a
basis for our opinion.
We obtained an understandlng of the legal and regulatory frameworks within which the charlty operates, focusing
on those laws and regulation5 that have a dlrert effect on the determlnatlon of materlal amounts and dlsclosures
in the financlal statements. The laws and regulations we considered in thi% context were the Charitie5 Act 2011
together with the Charitie5 SORP (FR5 1021. We assessed the required compliance with these laws and regulations
as part of our audlt procedures on the related financial statement Items.
In addition. we considered provisions of other laws and regulationsthat do not have a direct effert on the flnancial
Statements but compliance with which rni8ht be fundamental to the charity's ability to operate or to avoid a
materlal penalty. We also considered the opportunlties and incentives that may exlst wlthln the charity for fraud.
The laws and regulatlons we consldereil In thls context for the UK operations Included General Data Protectlon
Regulation IGDPRI.
Audltingstandards limit the required audlt procedure5 to identify non-compllance wlth these laws and re8ulations
to enqulry of the Trustees and other management and inspectlon of regulatory and legal Correspondence. if any.
7 | Page

We identified the greatest risk of material impact on the financial statements from irregularities, includin8 fraud,
to be withln thè tlmlng of recognition of Income and the override of controls by management. Our audit
piocedLrre5 to re5porhd to these ri5k5 included enquirie5 of rnanagement and the Management Board about their
own identification and a55essment of the risks of irre8ularltie5, sample testingon the posting ofjournals, reviewing
accountln8 estimate5 for biases, sample testing of income, revlewfjng regulatory correspondence. and reading
minutes of meetings of those charged with governance.
Owing to the inherent Ilmitations of an audlt, there is an unavoidable risk that we may nol have detected some
material misstatements in the financial statements, even though we have property planned and performed our
audit in accordance with auditing standards. For example, the further removed non-compliance with laws and
regulations lirregularitie51 15 from the events and transaction5 refiected in the financial statements. the less likely
the inherently limited procedure5 required by auditing standards would identify it. In additlon, as wlth any audit,
there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, Intentional
omis5ion5, misrepresentations, or the oveiride of internal controls. We are not responsible for prèventing non-
complSance and cannot be experted to detect non<ompllance wlth all laws and re8ulation5.
Use of our report
This report is made solely to the thariV5 trustees, as a bgdy, in accordance with Part 4 of the Charities
IAccour)ts and Reports) Regulatlons 2CN)8. Our audit work has been undertaken $0 that we mlght state to the
charitls trustees those matters we are required to state to them in an auditor's report and for no other
purpose. To the fullest extent permltted by law, wè do not accept or assume responsibility to anyone other than
the charity and the charitls trustee5 35 a body, for our audit work, for this report, or for the opinSons we have
formed.
CACIE I(.k. LP
Crowe U.L LLP
Statutory Auditor
london
Date.. 20.04.2026
Crowe U.K. LLP is eligible for appointment as auditor of the ¢harlty by virtue of Its eliBiblllty for appointment as
auditor of a company under 5ectlon 1212 of the Companies Act 2006.
8 | Page

THE MARK BENEVOLENT FUND
STATEMENT OF FINANCIAL AcfiviTIES
FOR THE YEAR ENDED 31 AUGUST 2025
Restt7ted
2024
2025
Notes
INCOME AND ENDOWMENTS FROM:
Donations and legacles
GMKF donations
1,271,906
376,830
1,098,632
230.136
Investments..
Investment income
Interest receivable
583.314
5,2SO
527,988
20,590
Total
2337.300
1,877.346
EXPENDITURE ON:
RaSslng funds
Invèstmènt management fees
MBF jewels and collarettes costs
GMKF Jewels costs
Charltable artlvliles
Support costs
Grant5
89,632
54,493
81,252
88.8L16
57,309
64,551
438,949
2,758,958
392,896
1.386.233
Total
3023,284
1.989,795
OPERATING {DEFICIT)
11,185,984)
{112,449)
Net gains on investment assets
258A81
£387,618
N￿{ExPEND￿UREj I INCOME
1927.5031
1,275,169
NET MOVEMENTIN FUNDS
1927,5031
£275,169
FUND BALANCES
A5 at 15eptember 2024
20.841.846
19,566,677
FUND BALANCES CARRIED
FORWARDAT 31 AUGUST 2025
19,914,343
20,841,846
All of the above are represented by continuing operations.
There arè no reco8nised gains and losses other than those shown above.
The notes on page5 12 to 19 form part of these financial statements.

THE MARK BENEVOLENT FUND
BALANCE SHE
31 AUGUST 2025
2025
2024
NDte5
XEDASSETS
Tarelble flxed assets
Investments
987.200
18,56l369
995,600
19,393,520
19,549.569
20.389.120
CURRENT ASSETS
Debtors
Cash at bank
494.455
167369
450.156
307,617
66L824
757,773
CURREMT uABILI￿ES
Creditors
297.050
305.047
NETCUftRENT ASSETS
964,774
45Z726
TOTALASSETS LESS CUARENT UAÈILITIES
19.914343
20.841.846
REPRESENTED BY FUNDS
Unr*strftt•d
Oeslgfiated fixed assets fund
G•Mral fund
987.ZUQ
18.927.143
995,6
19,846.246
12
19.914,343
20,841,846
The financial 5tatetnentswereapproved bytheTru5te2s andauthorlsed forlssueon 10 Febru3ry2026 and slgned
OTh thelr behalf by..
lan N Cla
Pre5&1ent of the Mark Benevolent Fund
The noteson pxe$ 12ts 19 forni pwl ofthese finarKIBI statements.

THE MARK BENEVOLENT FUND
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2025
2025
2024
Notes
Cash flows from operatin8 artivities:
Net tssh used by operating attivities
11,813,194)
1807.376}
Cash flows from invesiin8 a¢tivities:
Investment income
583,314
5,536,151
140465191
527,988
2,882,843
(3,277.905}
Proceeds from Sale of Investments
Purchase of Investments
Net cash provlded by InvestSng adlvftles
1672 946
132 926
Change in cash and cash equlvalents In the year
11402481
1674,450)
Cash and cash equivalents brought forward
Cash and cash equlvalents carrled forward
307617
Recondllatlon of net lexpendlture)nncome to net cash
flow from operatlng actlvltSes
2025
2024
Net lexpendlturellincome for the year las per Statement
of Financial Activitiesl
{927,5031
1.275,169
Adlustment for.
Investment intome
Net (Èainl on investrnents
Depreciation of tangible fixed assets
Ilncreasel in debtors
IDecreaselfincrease in creditors
{5833141
12580811
(527.988)
{1,387,618J
144,2991
(188,160)
Net cash used by¢peratlnx a¢tlvltles
Analy515 01 cash and ￿5h equfvalents
2025
2024
Cash In hand
67

THE MARK BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
CHARITY INFORMATION
The Charity 15 a Public Benefit Entity reglstered as an unlncorporated charity registered in En8land and
Walès Iregistration no. 2076101 and opèrates from its registered offiee Mark Masons, Hall. 86 St.
Jarne5's Street, London, SWIA IPL.
ACCOUNTING POLICIE5
Basis of Accountlng
The finan¢lal statements have been prepared in accordance with the Charities SORP IFRS1021 applicable
to charities Preparing their accounts in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland and the Charities Art 2011 and UK Gènerally Accepted Practice.
The financlal statements have been prepared to glve a -true and falrf vlew and have departed from the
Charitie5 IAccounts and Reportsl Regulations 2008 only to the extent required to provide a "true and
fairf view.
Donations
Donation5 received for a specSfic year and deposlted with The Maik Benevolent Fund are Included In
the Statement of Flnancial Actlvlties in the year of receipt.
other donations, where the re501ution to make a gift to The Mark Benevolent Fund is uncertain, are
included In the Statement of Financial Activities on a receipts basis.
Glfts
Gifts received in the year are included in the Statement of Financial Activities at their market value on
the date received.
{d) Amortlsatlon of Leasehold Property
In accordance with the terms agreed with the Charity Cornmissioners, The Mark Benevolent Fund
investèd £1,200,000 in the acquisition and conversion of 865t.Jame5's Street, London SWI. The original
lease was for 99 years from 5 January 1979. This has been subsequently renegotiated and a new 125
year lease from Aprll 2018 agreeil. This has resulted in an increase In the charge for the amortisation of
the leasè from £4,200 per annum to £8,400 with effect from September 2019. This will contlnue to be
borne by the General Fund of The Grand Lodge of Mark Master Ma50n5.
The residual economlc life of leasehold property is revlewed on a regular basls. The Trustees have
determined the position with regard to property depreciation as stated above. The Trustees are 8150 of
the view that the tarrying value of this asset is not irnpaired having assessed the service dellvery and
will undertake future reviews in accordance with FRS 102.
Investmenis
Fixed asset Investments are revalued to marketV31ue Btthe balancesheet date and the5urplusordeficit
of this revaluation represents unfeallsed galns or lossès.
The differences between the carrylnE value lor cost If acqulred In the yearl and the proceeds of
investments dlsposed of represent realised investment 8ain5 or105ses.
Net reali5ed and unreallsed Balns or losses are shown as a combined fi8ure in the Statement of Flnan¢ial
Artivities.
12 | Pa8e

THE MARK BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
ACCOUNTING POLICIES ICONTINUEDI
Expendlture
Expenditure is accounted for under the accruals concept. The irrecoverable element of VAT is included
with the item of expense to which it relates. Staff are employed by The Grand Lodge of Mark Master
Masons and relevant staff costs are recharged to The Mark Benevolent Fund as part of the
administration fee.
18]
Investment Income
Investment income is accounted for on an a¢cruals basls.
Ihl
Go¥emance Costs
Governance costs relateto the Statutory running of the charity and are borne by the MBF General fund
Finan¢ial Instruments
The charity has financial assets and financial liabilltles of a kind that quallfy as basic financlal
instruments. Basic financial Snstrurnents are Inltially recogniged at transaction value and subsequently
measured at amortised cost Using the effective interest method. Financial assets held at amortised cost
comprise cash and bank and in hand, together with trade debtors, accrued interest and other debtors.
Financial liabllitie5 held at amortised cost comprise grants payable and accruals.
Investments, including bond5 held a5 part of an investment portfolio are held atfairvalue at the Balance
Sheet date, with gain5 and losses being recognised wlthln income and expendSture.
Critkal a¢¢ountinglud#ements and key sources of estlmatlon uncertalnty
In the appllcatlon of the chariVs accounting policies, Trustees are required to make judgements,
estimate5, assumptions about the carrying values of assets and liabilities that are not readily apparent
from other sources. Thè estimates and underlying a55umptions are based on historical èxperlente and
other factors that are considered to be relevant. Actual results may differ from these estimates.
The e5tirnate5 and underlying assumptions are reviewed on an on-going basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised if the revision affects only that
period. or in the period of the revision and futurè periods if the rwision affects the current and future
perlods.
ui
In the view of the Trustees. no assumptlons concerning the fijture or estimation uncertainty affectlng
assets and Ilablllties at the balan¢e sheet date are likely to result in a materlal adjustment to their
carrying amounts in the nèxt finantial year.
13 | Page

THE MARK BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS (COhrriNUED)
FOR THE YEAR ENDED 31 AUGUST 2025
ACCOUNTING POLICIES ICONTINUEDI
Golng COn￿M
The Mark 8enevDlent Fund Is governed by a board of twelve Trustees. which are all honorary positions
therefore there are no direct financial costs in the management of the Fund. The Charities Manager role
and the financial control admSnlstratlon dutles are provlded by employees of the Grand Lodge of Mark
Master Masons.
Our planning processes take into consideration the current economic climate and its ongoin8 impact on
the various sources of income and planned donations. Fundraising is mainly provided by Mark Master
Ma50n5 who host, by rotation of each province in England and Wales, Mark Benevolent Fund Annual
Festivals. The Annual Festival Result reflects the total funds raised over the course of the festwal period
of around ten year5. It 15 expected that this approach will continue for the foreseeable future.
Trustees consider that there are sufficient reserves held at 31 August 2025 to respond to any
foreseeable downturn in the UK economy. TheTrustees consider that there is a reasonable expettation
that the charity has adequate resource5 to continue in operational existen￿ for the foreseeable future
and, for thls reason, the Trustees continue lo adopt the 80in8 concern basis in preparing the financlal
statements.
Restoted
2024
SUPPORT cosrs
2025
Admlnlstration fee (note 111
General expenses
Ront paid (note 111
Bank charges and Insuran￿ costs
Governance costs Inote 51
200,000
4Y.121
172.0(Kl
344
23.484
34,289
135,1
257
23.350
438.949
392.896
All support costs are appllcable to grant making which is the charity'5 only charitable activity. The fixed
asset depreciation which r@lates to the designated property fund.
GRANTS
2025
2024
Grants to other charltles
Major capital grant to support Wheelchair Rugby Clubs and Great
Britsin National Wheelchair Rugby Team
Major capital grant to support Blood Blkes- England & Wale5
Grants to indlviduals
Bursaries awarded under GMKF
1.443.739
L372,013
551117
646.960
116,142
14.220
2,758,958
1,386,233
The grants to other charitie5 In the year were:
North Kelsey Communlty Shop Ltd
Bridgewater School Association
Lakelands Hospice
Herefordshire Rldlng for Disabled
No.176 Hove Squadrcln ATC
1st Nanpantan Scouts Group
Children's Heart Unlt Fund
7￿94
49,287
44.583
21AIO
S.422
21.007
103.035
14 IPage

THE MARK BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
PCREFURB
15,150
ioxhjo
63.180
6,124
25
Mlnstead Trust
Ego Performance Company Ltd
G￿en Synergy
Flood Rellef - Mark Dlstrlct of Spaln
Great North Alr Ambulan￿ Service
The Booth Centre
Ilkley Community Transport
Stable Family Home Trust
Incredible Design Company
The Furzedown Project
Roald Dahl's Marvellous Children's Charily
Friends of Flve Acre Wood and Grow 19
63326
35376
30000
36.750
15000
35mO
24,984
37M12
13.198
37,552
11,604
Nice- Centrè for Movement Disorders
Haven Domestic Abuse Service
Lincoln & Lindsey Blind Society
Rowan5 Hospice
Derby Phoenix Swlmmlng Club
The Special Lioness
Wyeplay
Parents & Friends of Moreton Day Service
Scarborough & Ryedale Mountain Rescue
Get Set Girls
4,903
23.996
5,000
51.fy)6
63￿50
4A43
35.828
4A25
22.234
s.sso
5.105
12,360
9,075
58,209
923
The Royal Orthopaedlc Hospltal
YounB & Inspired
South W3rwickshire NHS Found
PCC of St James Fletchamstead
Good Vlbratlons Music Ltd
1st Albrighton Stout Group
Teen Artion
Priory Park Amateur Boxing Club
Beeston Communlty Resour
Maryport & Soloway Unit 541 of the Sea Cadet Corps
Gympanzee5
National Coashvatch Institute
Oak Tree Farm Rural Projects
24.IKIO
16,623
IA57
9,970
St Au5tell Rugby Football Club
30,500
Essex Voluntary Blood Servlce
Buildin8 Self Bellef CIO
Cotswold Frlends
23.045
11,295
25,000
15 | Page

THE MARK BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Tamworth Table Tennls Club
Dotsèt Search & Rescue
Wings for Warriors
Squadron 60 (Leek) Air Training Corps
1032 Yeovil Squadron Alr Force Cadets
Hannlngfleld Sallability Project
Bright Hori20ns Foundation for Children IUKI
The Cavalier Centre
4,102
1,614
1,097
20,(KIO
25,￿0
17,
5,129
10,000
25,000
25,Th)0
22.961
11,471
7,522
23,012
76,000
The Garwood Foundatlon
Scarborough Sea Cadets
Yetverton Cornmunity Projects
Wargrave Bowling Club
Irene Taylor Trust
Abbotts Bromley Sports Association
Assoclatlon Priority for Humanity IRornania}
IN43,739
1,372,013
The Major Capital Grant of £552,117 was distributed during the year to twenty-six clubs to help support
The Wheelchair Rugby Clubs and G￿3t Britain National Wheelchair Rugby Team during the year. The
grants help In improving acce%5 to the sport and preparing athletes for the 2028 Paralymplcs. Fundlng can
be used for facility improvements, vehicle5 and kit.
The Major Capital Grant of £646,960 was distributed to twenty-nine groups to help support the Blood
Bike5 in England & Wales during the year. The grants can be used for capital expenditure such a5
motorbikes, other vehides, equipment and facility improvements.
16 | Page

THE MARK BENEVOLE￿ FUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
GOVERNANCE COSTS
2025
2024
Auditorfs remuneration
23.484
23,350
No Trustee received any remuneration or relmbursemènt of expenses durlng the current or previous year.
FIXED ASSETS
Leasehokl
property
2025
1.200.000
At 31 Au8USt 2025 and I September 2024
Depreclation
At I September 2024
Charge for the year
204,400
At 31 Au¥ust 2025
212.800
Net Book Value
At 31 August 2025
987200
At31 August2024
995,600
INVEsfMENTS
Z025
2024
Market value at I September 2024
Less = Di5POsal proceeds
Add .. Acquisitions at cost
Net realised and unreali5ed gain5
19393.520
15,536,151)
4046,519
258A81
17,610.840
f2,882.843)
3,277,905
1,387,618
Market value at 31 Au8USt 2025
18,562369
19,393.520
Hlstoric cost
14,233,712
14.991,058
All investments, othèr than tashl are listell on a re¢ognised stock exchange and managed in the UK by J
M Finn & Co Limited. The investments at the yearond comprlsed:
Fixed interest
Equities
Other (deposit account balan￿)
2.311.286
16,138.154
112,929
18,562,369
2.643,279
16.749.228
1,013
19,393,520
17 1 Page

THE MARK BENEVOLENT FUND
NOTE5 TQ THE FINANCIAL STATEMEKfs (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
DEBTORS
2025
2024
Prèpayrnents
Other debtOTS
GLMMM (note Ill
231.937
168,409
94,109
494A55
182.221
195.085
72.850
450.156
CREDITORS
2025
2024
Income in advance
Other cre¢Jitors and ac£ruals
253A93
43.557
297,050
249.OID
56,037
305.047
10. TAXATK)N
The Mark Benevolent Fund Is a re8lstered charlty and Is able to take advantage of the exemptions from tax
for charitie5 on its income and investment gains.
ii.
RELATED PARTYTRANSACTIONS
The Fund is administered by The Grand Lodge of Mark Master Masons IGLMMMI. The Fund paid a
management fee of £200,CNJ) in the year12024.. £21JO,0001 to GLMMM to cover staff and administration
costs and charged rent of £nil12024.' £nill to GLMMM. Due to change5 in the term5 of the Lease. GLMMM
now pays the rent direct to Crown Properties. Included in Donations and Legacies is an amount of £172,000
12024: £135,CWI in respect of the rent paid directly on behalf of the Fund. A correspondlng expense is
included wSthin support costs. GLMMM also b@ars the amortisation of the Leasehold Property.
At the yearend GLMMM owed M8F £94,109 I2024- GLMMM owed MBF £72,850) in respect of these
transaction5.
12.
GENERALFUND
The General Fund includes cumulative donation5, net of costs, to the Grand Master's Keystone Fund
amounting to £472,72312024: £177.1451.
Sumrnary offvnd movements:
Fund
name
Balan￿ at I
September
2024
19,669,101
Income
Expenditure
Galns & losses
Balance at 31
Au8USt 2025
General
Fund
GMKF
Total
fund5
1,860,470
3.333,632
258.481
18,454.420
177,145
19046,246
376,830
2,237,3
81,252
3A14
472,723
18,927.143
258,481
18 IPage

THE MARK BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Balance al I
September
2023
18,551,117
Income
Expenditure
Gains &
losses
Balance at
31 August
2024
19,669,101
General
Fund
GMKF
Total funds
1,647,210
1,916,844
1,387,618
11.560
18,562,677
230.136
1,877,346
64.551
1,981,395
177.145
19,846,246
1,387,618
Summary of assetslllabllliles by fund
31 August 2025
General Fund
31 August 2024
General
GMKF
Fund
19,393,520
450,156
130.472
GMKF
Total
Total
Investments
Debtors
Cash at
bank
Creditors
Total n
assets
18.262.369
450,025
39,076
3C(J.000
44,430
128,293
18.562.369
494,455
167,369
19,393.S20
450,156
307,617
177,145
297,050
18A54N20
297,050
18.927.143
305,047
l9.669,101
305,047
19,846.246
471723
177,145
19 | Page