2023-12-31-accounts

	Note	Unrestricted	Endowment	Total	Total
				2023	2022
		£	£	£	£
Income and endowments from:
Donations and legacies					52,015
Investments		31,738		31,738	37,156
Total		31,738		31,738	89,171
Expenditure on:
Raising funds		9,851		9,851	9,805
Charitable activities	3	66,071		66,071	23,825
Total		75,922		75,922	33,630
Net gains/(losses) on investments	4	37,836	17,000	54,836	(228,654)
Net income/(expenditure)		(6,348)	17,000	10,652	(173,113)
Net movements of funds		(6,348)	17,000	10,652	(173,113)
Reconciliation of funds:
Total funds broughtforward		1,196,190	489,825	1,686,015	1,859,128
Total funds carried forward		1,189,842	506,825	1,696,667	1,686,015

1	ACCOUNTING POLICIES
a)	Accounting convention
	Thefinancial statements have been prepared in accordancewith Accounting and Reporting by Charities: Statement
	of Recommended Practice applicableto charities preparing their accounts in accordancewith the Financial Reporting
	Standards applicable in the UKand Republic of Ireland (FRS 102) (effective 1 January2015)- Charities SORP (FRS
	102).
	Thetrustee continues to adopt the going concern basis in preparing thefinancial statements.
b)	Charity Information
	The Charity is atrustwhich is a public benefit entity registered as a charity in England and Wales (charity no.
	210165). It operatesfrom Freemasons' Hall, 60 Great Queen Street, London, WC2B SAZ.
d)	Investment income
	Dividends are accountedfor based on income notified bythe investment managers. Interest on bank deposits is
	accounted foron an accruals basis.
e)	Resources expended
	Resources expended are included inthe statement offinancial activities on an accruals basis, inclusive ofany
	irrecoverableVAT
f)	Income tax recoverable
	Income tax recoverable is accountedforon an accruals basis.
g)	Financial instruments
	Grand Secretary Discretionary Fund hasfinancial assets and financial liabilities ofa kind that qualifyas basic	financial
	instruments.
	(i) Listed investments, including fixed interest securities and cash held for investment, are measured atfairvalue
	through income and expenditure accounts and are reported at their marketvalues atthe balance sheet date.
	(ii) Other financial instruments, which comprise bank and cash, debtors, othercreditors and accruals are initially
	recognised at transaction value and are subsequently measured at amortised cost using the effective interest method.
h)	Taxation
	Notaxation is payable bythe Grand Secretary's Discretionary Fund as it is able to make use ofthetax exemptions on
	income and capital gains availableto charities.
2	ADMINISTRATION COSTS
	All costs ofadministration, with the exception ofsundry bank charges, are borne bythe United Grand Lodge	of
	England.
3	CHARITABLE ACTIVITIES
	Resources expended on charitable activities represents grantsto organisations and individuals asfollows:
	2023	2022
	£	£
	46,000 Grantsto Charities	10,000
	20,000 Disbursements to District Grand Lodges	13,825
	66,000	23,825

INVESTMENTS
	2023	2022
	£	£
MarketValue at 1 January2023	1,543,208	1,744,511
Net investment into portfolio	75,498	27,351
Net gains/(losses) on investments	54,836	(228,654)
MarketValue at 31 December2023	1,673,542	1,543,208
Investments at market value comprise:
Bonds Fund	323,706	245,881
Equities and Alternatives	1,303,474	1,268,389
Cash	46,362	28,938
MarketValue at 31 December2023	1,673,542	1,543,208
Historical cost at 31 December2023	1,454,354	1,373,462