R•gist•red numbw. 00399211 Charlty number: 2120n WEST RIDING MASONIC CHARITIES LIMITED (A company limited by guarantee) DIRECTORS. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 *ADtr)5F14• 05104f2024 COMPANIES HOUSE 111 A10 WEST RIDING MASONIC CHARITIES uMrrED IA ￿MpanY Ilmlled by guarantee) CONTENTS Page Refer•nGe and administralive d*lls of the Company. Its Dirnctors and advisers Chaimian's stat•mont Dirnctors. report Ind•p•nd•nt auditors. rnport on th• financlal slatwnents Statement ol financial acllvltles 9-13 14 Balanco sheet 15-16 SLitement of cash Ilows 17 Notos lo the Ilnan¢ial stalomonts 18-35 The following pages do not fomi part of the statutoryf•)ancial statements: Delail•d statement of financlal actlviti•s Detailed statement of linaThcial position 37 WEST RIDING MASONIC CHARMES UMITED IA Company Ilmited by guarant•e) REFERENCE AND ADMINISTRATIVE DETAILS OF ThE COMPANY. ITS OIRECTORS ANO ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Dlroctors Mr D A Cole (resigned 25 Mwch 20231 Mr D R knlbride. ChaFr Mr J Pigott Ires*Jned 25 March 20231 Mr N DO￿e$ Mr R T L(Klg8 Mr P L Dohwty Mr K A Bradley Mr I Wright Mr G E Blackbum (appoinled 25 March 2023) Mr G D Hofv (appointed 25 March 2023) Mr P Nash (appointed 11 December 2023) Company registered number 00399211 Charlty rngistered number 212073 Prlncipal office and registered office 20 Caslle Grove Drive Leeds LS6 4BR Company soGreLgry Mr G J Shi8rs Indepondent audftors Sagars Accountants Ltd Chartered accountants & slalutory audi Gresham House &7 St Pauls Street Leeds LS1 2JG Bankers Bardays Bank PIC 10 Market Street Brndford 8011NR WEST RIDING MASONIC CHARttlES UMffED (A company limited by guarnnt•e) CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2023 The chaiman presents his statement for the ￿ar. West Riding Masonic Charilies Ltd has managed to achieve some sKJnffi¢ant changes since our prevvJus AGM held in March 2023. having stheduied an Extraordinary General Meeling in September to propose the* amendments of the Articles of P4swation. Ihe wcwsals were approved by the existing members and have been duly implemented. In Consequence of some of those amendments was to change the membership structure to that of the appointed Charty Steward of the Lodge ￿n9 a member of tho Charrty. the numb8r of Directors b8ing in¢rea$gd from Eight to Nine and to expand the Patronage recogniknon slatus of indi￿d￿al$ by introduc1￿ a Grand Patron, and for Lodg8s and Chapters the in1r0d￿tiOn of Diam￿d Patron. thus gnsuring the ongoing recognition of the tremendous generosity the brethr￿ and their families donate to enable WRMCL to func¢ion at the highest level. The Annual Report and Accojnts have been prepared for ￿ar ending 30th September 2023, vthich reflect the financial markets are recoveriNJ. It Ks extremety erKwraging lo noie that the finan¢ial report outlines the tremendous V￿rk the fArectors have ¢￿tinUed to th) in this peiiod. During these difficult limes. ever inc¥easing costs of Irving, the financial assistance we have supported through the year via the various funds we administer on behalf of all the brethren of th& Province*, is very reassuring. Therefore. I feel it t*cessary to reflecl and summarise on the various of whtch are amini5tered by the designated Charity of the Prownce. highlighting the magnificent assistance WRMCL was able to provide the brethren and their deperKlents *ryth the kKal cvJani5ations IR￿1￿ our Province thrC￿gh0￿I the period from March 2023 to February 2024. on behalf of Ihg iyethren of Ihe ProvrKe, it gave me great pleasure to present a Cheque for £200.000 to the PGM at the Provincial Annual Meeting at Harrrfjale in May. to empha5ise that Wesl Riding Masonic Charities Ltd are lully committed in SUPF#Nting the festival. as we have done duriThJ all the festivals throughout tha prevbous years. The West Riding mas￿1¢ Community Fund has supported 90 Minor Grants incI￿ling 7 Foodbanks totalling £193,466 and 8 Major Grants lolallwvJ £189,397 gi￿ a tolal in Ihis pernd of £382.863. The relationship wilh thé Lord Lieutenancies of South Yorkshire and West Yorkshire are continuing lo successfully find Ihose Organisations and other smaller Charilies. vthich have nol been idenlffied by some of our local Lodge Charity Stewards. brethren. and Ltyjges. The 15 grants totslling £35.000 provided to West Yorkshire and 17 grants totalling £31,255 provthd lo s￿th Ycrfkshire 95birYJ a jtsnt totsl of £66.255 are well receNed. Giving a total of £449,118 to the local communty organisations vthhin the Prownce of Yothshire. West Riding thus demonslraling thal WRMCL stralegy of suppm the l(Kal ccvnmunity is fully c(MnM￿8d. WRMCL have also supported Conna￿h1 C(MJrt wih the second payment of £50C(i of a &year pledge of £25.000 along with Iwo charitable organisations of £2000 in a5SOCOtion with the Lord Mayor of 8radford. Teddies Loving Care (TLCI, foliowirvj last announcement of reaching the magThficenl mlleslone of delivering 200,000 Teddies donated to lrnumatised children in A&E departments within cmjr Province since joining the scheme in 2008. We are pleased to ad¥ise Ihat we n(M also yupply 2 Hospices and the Yorkshire ￿r Ambularbce. WEST RIDING MASONIC CHARITIES UMITED (A ¢ompany limited by guarant••) CHAIRMAN'S STATEMENT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 During the year we have delNefed 18.144 teddies ai a cost of vthKh equated to £41.556. on￿ again. our grateful thanks go lo our assisting brethren tpltho have ensured that tt￿re is a￿ayS a Teddy availablo lo the 17 hospitals and other facilities that are cur￿n￿Y a￿epting them wtw) needed. Thanks to All who continue to supwl dire¢Uy to the TLC and the WRM Communty designated funds, through individual and Ic* donations. The West Riding Masonic Care and Support team have ffice aga￿ surpasse¢J all exkxtstions. as ever, we are indebted lo our Care & Support team. Sharon Mees and Élaine Dunw611 for the kind and caring way they look after ¢hose in need, rn¢kKlffvJ the benefioarie$ behalf. they cover the length and breadth of the Province. The addition of the Welfare Support Officer. c￿lre Beaumont, the Care and Support Service continues to be the most Suc￿sSIu1 facility that WRMCL offers Ihe brethren and their dependents wilhin the Province. the facility is to identify F¥)lential Income maximisation frcmn Govemmenl and Stste allowances available for applbcation. this process is managed by Claire from start to finish and l am delighted lo share that in the time of beiThJ able to offer this SeThI￿ (August 20211 lo the brethren and associated famity and dependents, beneffts have been confirmed and awarded lolalliThJ a staggering amount of £984.651 {for Lifel. wth many more applications panding awailing confirmation thus brirviTh3 the projecled amount to over £1 M prior to the AGM date. WRMCL continues to support our beneficiaries and during the V•E 5UPPOrted 83 adutt and 15 children, a total of 98 ben8fi¢iarps. who have rKeived Birthday aThJ Christmas gits to the value of £39.000. All the benefKiaries umlinue to receive ￿lIS and visits from c￿r Care and Supt¥xt Officers. The Care and Support faciltty conlinues to ¥KJrk closely V*ith Ihe Provincial Almoner and his team of five Assistant Almoners lone in eath area of the provincel. to ensure that togelher we identify those brethfen arKI dependents in need. l am deligmed lo report that ￿ have been able to Provide Confidential help and assistance to members of our Masonic famity through the Care arKI Support programme provAJing 59 Financial grants lotalling £52.037 along wtth 79 HIA grants wilh a total value of £135.195. thereby giving a lolal WRM Care & Support gr8nts value of £187.232 distributed Ihroughoul this peric*l. Th8 total amount distributed by ￿ur Oesignated Charity. WRMCL. thn)ughout the peric*J from March 2023 to February 2024 through the WRM Community Fund. SYLL, WYLL. WRM Care & sUp￿rt Fund, TLC. Beneficiaries, and WRMCL ￿'rectlY. TOTAL £923,906 another truly woma￿ab￿ a¢hlmm•nt Finalty. on behaff of my all my Board cdwies. I would like lo thank the PrOW￿la1 GrarKI Charity Steward and his team for their work encouraging us all to continue to give so generousty. Thanks also lo the Provincial Grand Almoner and the Area Assistants for their a5Si5tance in identify'ng those membeT5 and their dependents in need. Finally. Brethren may l thank you and )￿ur families for your remarkable generosity. Without YOLW or¥Joing Support we would not be able to continue the ￿fjrk we do on behaw throu￿1 WRMCL. Remembgr the Directors and the associa¢ed team of WRMCL are committed to provide the essential and immediate a$￿stanCe to all ttKJse in need ￿thin the prov1r￿e Ihrough(yJt the festNal period and beyond. WEST RIDING MASONIC CHARITIES UMThED (A Company limlt•d by guarantse) CHAIRMAN'S STATEMENT (CONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2023 Duncan R Kilbriije Dale: 8 March 2024 WEST RIDING MASONIC CHARITIES UMITED IA Company Ilmltsd by guarantsel DIRECTORS. REPORT FOR THE YEAR ENDED 30 SEPTEIA8ER 2023 Thg Directors present their annual reF¥Yt topther ¥&ith ts audited financial ststements of the Company for the year 1 October 2022 10 30 September 2023. The Annual repJrt serves the purpD5es of both a Directors. report and a directors. repjrt urKler CLJmpany law. The Directc￿S confirm that the Annual repNt arKI firbancial stalernents of the charitable company comply vthh the cuThent ststutory requirements, the reouirements of the charitable companls goveming d¢xument and the prOvBi(￿￿ of the Statement of Recommended Practice ISORPI applrAble lo charibes preparing their accounts in accordance with the Financial Repo￿n9 Standard applicable in the UK and Republic of Irelarbj IFRS102) (effective 1 January 20191. Since the Company quaIrf￿ as small ur¥Jer section 382 of Ihe Compan*s Act 21￿. Ihe Strategic report required of medium and large companies under the Cornpanies Act 20[￿ {Strategic Report and Oirectors. R8port) Regulations 2013 has been Imnitted. Objectives and activities Prlncipal actNIty The princrpal aclivty of the compary Ccffrfinues to be Ihe prov￿10￿ of relief lo freemason5 and their dependents thin the Masonic Pwnce of Yorkshire. West R#Jing. and the s¢Jpport of National Masonic Charities. non Masonlc charilies and other worthy organisati￿S by Ihe making of grants and donati￿s. Volunt••rs The company benefrts from the efforts of unpaid volunteers Its membgrs in ralsing funds and in as5i51ing in the monitoring of benef1rAa￿. Publlc bonefrt consld•Trtion The directors confimi that they have referred to the guhjance on Publ￿ benefit issued by the Charity Commission when reviewing the aims and when selting the grant making wjlicy. The acti¥￿e$ carried out for public benefrt may be categorised into Communty. Health and Ycmrth Organisations. Achi•v•ments and p•rforman¢• P•rfomian Oonations recwved in th8 year were £673.643 (2022- £1.536.669). Grants paid (Mjt in the wr lotalled £1.051,881 {2022 - £660.086). This indudes grants dL8tributed to non Masonic eharolies and community organisat*Jns through Ihe WRM Community F￿d of £536.230 (2022 - £436.310). Brovm Shipley continues as inveslment advisor. The vivestmenl obiectTve is to maintain a FQrtfolio of quality investments which a￿ ab￿ lo provide Img terni growih together vrith an increase in income. Having regard to the drfficult limes the directors consider that the resulls for the ￿ are satisfactory. During the year Brown Shipley charged fees of £34.45212022- £29.252}. The company vras formed to undertake the charitable actsvities of Pwncial Grand Lodge of Yorkshire, West Riding IPGLI. PGL is a connected party. Fmm 1 Oclober 2011 PGL ceased to charge the ¢*mpany in respect of the provision of service5 provhded as a result of shared faclibes and support costs. WEST RIDING MASONIC CHARifiES UMITED IA Gompany limited by guarnntse) DIRECTORS. REPORT {CONTINUED} FOR THE YEAR ENDED 30 SEPTEMBER 2023 A¢hlevemEnts and perforn￿nCe lconlknued) Fundraising The directors are aware of the Fundraising Regulat￿￿ knjl due to the nalure of the donalions made by WRMCL. consi(ler them not apprwriale to the c￿•sation. Financlal revi•w Going concern After making appropriate enquiries. the Directors have a reas(wwble expedation that th8 Company has adequate resources to ￿ntinue in operational existence for the foreseeable fvture. For Ihis reason. Ihey continue lo adopt the going concem basis in rKeparing the financial ststemenls. Further detaSls regardirKJ the adoption of the going concem basis can be found in the accounting policies. Reser¥es policy The directors are of the opInK￿ that the existng reseNes are appropriatè to allow WRMCL to continue its aCtiv￿es. Of the loL¥ reserves È8m are held in unrestricted furmts and are held for future use at the discretion of the Trustees. indLKling £5m designated for Ihe WRM Care & Support Fund {preMousty called CHOICES). inandal rnvi During the sear Ihe charity has made a net deficit of £175.912 {2022 - dthil of £855.8711. Total reserves at 30 September 2023 weTr £8.407.56712022- £8.583.4791 as delailed in the fi￿cial statements on pages 14 10 35. Inv•slment Policy and Performance Brown Shipley manage the oft 8 Balanced Marthte. Retwns Irom a Balanced port10￿0 wll be sought by way of a combination ol capital appr￿a￿n and income. There 1$ a medium risk to ¢aprlal. The portfolios are well diversffied awss drflerent asset dasses includirYJ fLX8d Inte￿St, equities. altemabves and cash. The equity weighting is broadly 67% which is cornmensurate the Balanced Mandate. The portfolios have exposure to UK and overseas equities and there has been a gradual irKrease in the overseas equity weighting over the period in questiM. There are no eX￿￿1t investment restricknons. although no hohling 15 to exceed 5% of the portfolio's value. The portfolios ¢t￿lIr￿ to be managed on a long temi time trbyizon. Stwcturn. gov•rnanc• and managern•nt GovernlThg do¢wnent The charity Trs conslitLrted a5 a charilable cornpany Ibmited by guarantee. 11 was IncC￿Oraled on 8 October 1945 and registered as a Gh*ity on 21 February 1963. The goveming drKument the Memorandum and Artides of Association. WEST RIDING MASONIC CHARITIES UMITED IA ¢ompany limited by 9uarant¢•) DIRECTORS. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2023 Struclure. govemance and management {¢ontknued) Re¢ruStrngnt and appolntment of dlr•Gto Each director wll serve a term of office of Ihree JEar5 tplith a maximum of three terms of office after which ihey cannot Seek re dection for a perirAI of twelve months. The trf)ard shall manage the ￿tirement and appointment of direclors so that no more than three shall retire in any one ￿r. On apFL)inb))enl each tjirector is given apprcyriate trainirKJ is encwraged to review guidan￿ siven ty ￿ Charty Commission. Rlsk ass•ssm•nt The directors have eslablished a Complkince Ctyrmittee to monitor corporate govemance issues apperlaining to the company and the financial contrrAs. The directors have remewed the risks associated with the companys operations and satssr￿d that adequate ￿￿edureS are in place to manage those rtsks. Plans for futurn wlods The Charity intends to continue its currenl acbth subj'ed to satisfactory fundir¥J arrangomonts. Follo￿ng the approval by the members al the 2015 AnnuJ General Meeting. the facili1ati¢￿ of independent living wll continue to be at the heart of the ¢¢)mpan￿5 activities through the WRM Care and Support initsab.ve (previously known as CHOICES). Members. Ilablllty "The Members of the Company guarantee to contr1t￿rte an *nount not exce*Jing £1 to the assets of the Company in the event ofwindirvJ up. WEST RIDING MASONIC CHARITIES UMITED (A company Ilmlt•d by guaraTht•e DIRECTORS. REPORT ICONTINUEO) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Stat•m•nt of Dir•dors' responsibilili The Directors Iwtho are also ts directors of ihe Company for the purp05es of c(xnpany law) are responsible for eparing the Directors. report and the fineuial statements in accordar￿e with applKable law and United Kingdom ACtr￿n￿￿3 Standards (UThted Kingdom Generally A(xepted AcC￿1n￿r￿j Practice). Company law requires the Direc￿ to prepare financial statements for each financial ￿ar. Under company law, tho Dirgdors must not apyove the financwl ststements unless they are satisfied that they give a true and fair view of the stste of affairs of the Company and of its incomin9 resources and applicab'on of resources. includin9 its income and experKliture. for that pefi(MJ. In preparing these financial sL*ements. the Directss are required to: select suitable accounting poI￿leS and then awy them ccKtsistenty. observe the methods and principles of Charbties SORP IFRS 102): make jud9ements and accounting estim8les that are reasonablé and prudent.. slate ￿ether applKable UK Accryjnting Stsndards {FRS 1021 have b88n f0lh)v￿d. subject to any material departures discl¢)sed and explained in the financwl statements.. prepare the financial stal8ments on the g1￿￿9 basis unbess it inappropriate lo presume Ihat the Company wll contiwe in buwness. The Directors are ￿SPOnSible for keebyry adequat& acccAJntry records that are sufficlent to sh¢>w and explain the Companys transactions arKI disdose reasonabte accuracy at any time the financial position of the Company and enable them lo en$ure that the financial statements COM￿ th& Companies Acl 2¢X16. They are also responsible for safeguardiNJ the assets of the Company and hence for taking wsonable Steps for the prevents'on and delect¥)n of fraud and other irregukrilies. Disclosure of InfomMtion lo auditor5 Each of the pwsons who are Directh at the time ￿ffi¢n this Dyectors. rer￿ is approved has confimed that. so far as that Directry is aware. there is no ￿[eVant a￿lit infom)afion of which the charitys auditors are unaware. and that Director has taken all the steps that ought to have been laken as a Director in order to be aware of any relevant audrt information and lo èstablish that the charitys auditors are aware of that Informat￿n. Audltors The auditors. Sagars Accountants Ltd. have indicated theK willingness to continue in office. The directors will propos& a Motion reap￿IntIng the knitor5 at the knnual General Meeliry to bg approved by Ihe Members of WRMCL. Approved by ￿der of the memt*rs of the board of Directots and signed on their behaw by.. Mr D R Kllbrld• Director Date: 8 March 2024 WEST RIDING MASONIC CHARITIES UMITEO (A company limit¢d by 9uarant••) IMDEPENDENT AuorroRS' REPORT TO THE MEMBERS OF WEST RIDING MASONIC CHARrriES LIMITED Oplnlon We have audited the financial ststements ol West Rhling Ma50nic Charlt*s Limited (the 'Charitab￿ companll for the year ended 30 September 2023 comprise the Slalement of finan¢ial xtivilies. the Balance sheet, the Ststement of cash flows and the ￿lated noles, induding a summary of s1gnffj￿anI accounting policies. Tho financial reporting framewofk that has been applied in their preparation is applicable l*w ar￿ Un(fed lfjngdom Accounting Stsndards, including Finanoal Reporting Stsndard 102 'The Financral Reports'ng Standard applicablg in the UK and Republic of Irdand, {United ￿'r￿Jd(M Generally kcepled Accounting PractKel. In our opinion the financial statements.. a true and fair vigw of Ihe State of the charilable ¢ompanVs affairs as al 30 September 2023 and of its incoming resources and applic9th￿ of resources. induding its income and expenditure for the year then ended.. have been propwty prepared in accwdance wilh United Kingd￿ Generally Accepted Accounting Praclice; and have been prepared in accgxdanc* with the requirements of the Com￿leS Act 2006.. asls for oplDlon We conducted our audit in accordance th Inlemalional Slandard5 on Audibng {UK) (ISA5 (UKI) and applicable law. our responsibilit'es under those standards are fvrther descrited in the Audilors. responsibilities for the audil of the financial statements Secti￿ of our reporL We are independent of Ihe charIta￿e company in accordance with the ethical requirements that a￿ relevant lo our audTt of the financial statements in th& United lfj'ngdom. including the Financi81 Reporting Council's Ethical Standard. and we have ffijlfil￿d our other ethical responsibilities in accordance wlh these requirements. We belwe that the audit eV￿Yence we have obtained is sufficient and appropriate lo prov￿8 a basis for ￿ opini￿. Con¢luslons relatlng to going concern In a￿lling the f1w￿la1 statements, have C￿￿￿led thal the Directors. use of the going concern basls of acct￿ntIng in the preparat•)n of the financrdl statements i8 apworThte. Based on the work ￿ have perfom)ed. ￿ have identified any material uncertainties relaling to events or condilh)ns that, indivmlualty or C￿lectiVe1Y. may cast sNJnfficant doubt on the tharitable companls abilty to continue as a going concem for a period of at kast t*tlve months from when the financial statements are aulhorised for issue. Our responsibilities aThY the resp￿sibIl111eS of the Direclors with Twct to concem are desLyibed in the relevant sections of Ihis reporL WEST RIDING MASONIC CHARITIES UMITED IA company limited by guarnntee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF WEST RIDING MASONIC CHARrriES LIMITED {CONTINUED) Other Informtlon The other information ts)mprises the information included in the Annual re[￿ other than the financial $tatemenls and our Auditors. report thereon. The Directors are resrN)nsible for the other infoTrration wltained within the Annual rewrt. Our opinion on the financial statements does not cover the other infomation and. exwt to the exienl Other￿Se explicitly stated in rewr( do not express any form of assurance conclusion Ihereon. Our responsibility is lo reaj Ihe other information and. in doing so, consider whether the other infom)ation is materialty inC(￿S1$1ent with the financkql ststements ￿ our knov•led9e obtsined in the course of the audit. or otheNse appears lo be materlalty misststed. If we kjenb'fy such material inconsistencies or apparent material misstslements. we are Wuired to detemiine whether thi% gNes rise to a material misstatement in Ihe financial statements themselves. If. based cffl the *Drk we have performed. we ￿nclUde that there is a material misstatement of ths other informat￿n. ￿ are require(l io reFQrt that fact We have rK)thing lo repyt in this regard. Oplnlon on other matters prtscrltjed by tlw C¢Mnpanles Act 2006 In our o&ynion. ba50d on the w(xk undertaken in the course of Ihg audit.. tho infornia￿n given in the Directors. Re[￿rt for the financial year for which th8 financial statements are prepared is consistent with Ihe financial sL*ements. the Director5, Report has been prepared in acc￿dance *ith applicable legal requirements. Matters on which we are r•qulred to r•port by exc•pthn In the light of our knowledge and uThJerstsnth"ng of the charitsble company and its envyonment obtained in the ciyjrse of the audil. have not idwtif*d malariaf misstatements in tho 01recfc￿s. Rewt. We have nothing lo report in resp￿1 ol the folknwry matters in relaticm to Comwies Act 2006 requires us lo report to you rf. in our CP1r￿c￿. adequate accounting records have not been kepl. IY retums adequate for our audrt have not been received from branches rK>t Visrted by us: or the financol statements are in agreement 7Mth the accounting records and returns.. or cert2in disclosures of Directors. remuneration specified by law are not made.. or we have not received all the infonnation arKI explanations we require for our authL c the Directors V•*re not entit￿1 to Pfepare the finanL¥al Stsiemenls in accordance wth the small companie5 regim8 and take advantag8 of the small Companies. exemptions in wepariTrJ th8 Oiractors, Rep)rt and from the requirement to prepare a Strategic Rep)rt. WEST RIDING MASQNIC CHARITIES UMITED IA Company limlted by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEPABERS OF WEST RIDING MASONIC CHARrriES LIMITED (CONTINUED) Rosponslbilltles of trusl••s As explained rnore fully in the Directo￿. Tespmsbililw slatement, the Directors are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial stslemenls ar￿ for being satisfied that they give a true and fair v￿. and for such internal ￿ntrol as the Directors determine is necessary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the financial StateM￿ts. Ihe DiTectors are re$￿Ible for assessirKJ Ihe charitsble Lxmpanls ability to continue 8s a gI￿ng concem. di5clo$irwJ. as apwuble. matters related lo wng concem and using the going oncem basis of accounting unless the Directors eilher intend lo liquidate the charitable company or to cease operations. or have no realistic alternative but to do so. WEST RIDING MASONIC CHARITIES uIArrED IA company limited by guarants¢) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF WEST RIDING MASONIC CHARITIES LIMITED ICONTINUED) Audltors. responslbllltles for tha audlt of the finandal statem•nts Our objedlves are lo obtain reasonable assurance ab(￿t the financial stslements as a whole a￿ free from malerial misststement, whether due to fraud or error. and to i8sue an Auditors, report that include5 our opinion. Reasonable assurance is a high level of assuran￿. but is not a guarantee that an audit ￿ndUcted in cordance wth ISAS {UKI will alway5 detgd a material misstatem8nl ￿en r( exists. Misstatements can arise from fraLKI or error and arg wnsNJered material rf. irKlividualty or in the a9gregate. they Could reasonably be expectsd to infiuerKe the economK deCI￿OnS of usets taken on Ihe ￿sIS of these financial ststements. Irregularities. induding fraud. are instances of r￿)n￿pIl3nce laws and regulations. We design prOcedu￿S in line our responsibililies, outlined atw. to detect material misstatements in respect of irregularities, induding fraud. The extent to whKh W￿dureS are opable of detecbru irwularilies, including fraud is detailed below: We obtained an understandirMJ of the legal and regulalcrfy frameworks within vthich the chafilable company operates, focusing on those la￿ and regul*K)ns that have a direct effect on the delfrmiinalion of material 8mounls and disclosures in the financial stslements. The laws and reyuLgticffis we considered irb thi5 context were the Companies Act 20(￿ logether wlh the Charities SORP (FRS102) 2019. Wg assassed the ￿quired comF4ixe ￿ these regjlations as part of our wdit procedures on the related finanrAal ststement items. In additi'on. we considered provrsions of other laws and regufations that do nol have a direct effect on the linan¢ial ststements bLrt complor￿e wlh whith mighl be hA￿laMental to the charitsble CoMpan￿S ability to operate or to avoitj a m*erial penalty. We also 0￿sidered the opwrtunittes and incentives that may exist within the charitable company for fraud. The lav•S and regulations we considered in this context were Charities Commission Regulabon5 and Hedth and Safety and safeguarding considerations. Auditwig standards limit the roquired wJf¢ pl￿8￿ureS to idenfrfy nOn-c¥)m￿1a￿Ce with thgse laws ar•d regulations to enqimry of the directtys and other managemwl and inspectth of regulaw and legal correspondence. if any. We *Jentified Ihe greatest risk of material impact on the finanual statements frcwn irregularities, induding fraud. to be regards to the timing of recognition of ￿￿Ome and Ihe override of ts)ntrols by management. Our audbt procedures to respond lo these visks includgd.. - enquiiies of management and the directors atr￿ul Ihw own id8nliftcation and assessment of the rfsks of Irregularilies. - sample testing on the wsting ofioumals. - c8rrwng out detailed substantive testirMJ on the ￿mP￿tenesS of incorne.- reading mirbUte5 of meetings of those charged with govemance.. and . obtaining conffimiatvjn frc*n thg directors that the￿ vas no regulaw &)rrespond9￿￿ vmh the Charity Commission or other regulatory bodies. Because of the inherent limitations of an aLKliL there is a risk that we will not detect all Irregulari￿es. including Ihose leading to a malerial misststement in Ihe financial stslements or non complk3nce with regulation. This risk inueases the more that compliance wilh a law or regulation refnoved from the events and transactions reflected in the financial statements. as we will be less likely to become aware of instances of non Compliance. The risk is also grealer regarding irregularities ocujrring to fraud rather than err(Y, as fraud involves intentional concealment, forgery. collus￿n, omission or misrepre5enLIt"on. A further description of our responsilylities for the audit of the financial stslements is IcKal8d on the Financial Reporb'ng Council's websiie at: www.frc.o .ukJaudilorsres nsibilibes. This descripts.on forms part of our WEST RIDING m￿SONIc cH￿i￿lEs LIMITED (Acompany limited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEM8ERS OF WEST RIDING MASONIC CHARrriES UMITED (CONTINUED) Auditors, report. Use of *)ur rnport This report is made solety to the charitsble compan￿$ members. as a b￿. in accordance with Chapter 3 of Part 16 of the Companies Acl 2006. Our audit has been undertaken so that we mNJhl state to the charitable companys members those matters we are required to stsle to tr￿M in an Auditors, rep(Ki and for no other purpose. To tha fijllest extent pem)itted by law, we do not accept or assume responsibilty lo anyone other than the charitsble company arKI its members. as a body. for our audit work. for this report. or for the opinions we have formed. Susan S•aman 8A FCA CIOT {S•nlor stat4rt0ry audltor) for and on bahaff of Sagars A¢¢ountants Lld Chartered 8CCt)untsnls & statutory ￿ditor Gresham House &7 St Pauls Streel Lèeds LS12JG 8 March 2024 WEST RIDING MASONIC CHARMES UMThED (A company limited by guarantee) STATEMENT OF FINANCIAL ACTMTIES {INCORPORATING INCOME AND EXPENOITURE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Unrestrcled Restrthd EndtrAIn￿l funds funds funds 2023 2023 2023 Total funds 2023 Total funds 2022 In¢om• and endowments InHTr: Donations and legaoes Investments 609.201 106.184 64.442 1,271 673.643 110.586 1.536,669 115,336 3.131 Tolal In¢ome and ondowments 715.385 65.713 3.131 784.229 1,652.005 Expendltufo on: Investment management costs Charitable actsvithes 34.452 654.357 34.452 1.249.332 29.252 809,563 594.975 Total expenditure 688.809 $94.975 1.283.784 838.81 S Net in¢omell•xp•nditure) boforo not galnsll105595) on Investments Net gainslllosses) on investments 26.576 {529.262) 3.131 1499.555) 813,190 323.643 323.643 (1.469,061) Net Incomel(expendilure) Transfers beknn funds 350.219 (529.262) 3,131 1175.912) 1655.871) 18 (574,308) 574.308 Net movement In nds 1224.089) 45.046 3,131 1175.9121 1655.871) Reconclllallon of funds: Total fvnds foTh¥ard Net movement in funds 8.443.109 (224.0891 140.370 3,131 8,583.479 1175.9121 9,239.350 (655,871) Total fund$ carrlod forward 8,219.020 45.046 143,501 8.407,567 8,583.479 The Slatemenl of FinarKial Ackn¥ities includes al gain5 arvj k)sses recognised in the year. notes on pages 18 to 35 part of Ihese finaTh?al statem￿. WEST RIDING MASONIC CHARITIES UMITED IA Company Ilmited by guarantee) REGISTERED NUMBER: 00399211 BAIANCE SHEET AS AT 30 SEPTEMBER 2023 2023 2022 Note Flx•d ass•ts Invesknents 15 6,764.675 6.577.469 6.764,675 6,577.469 Cuffent assets Debtors Cash at bank and in haTrJ 16 403.619 1,282.199 222.913 1,973,508 1.685.818 2.196.421 Creditors.. amounts fallir¥J du8 7Aqthin one year 17 142,926) 1190.411) Net ¢urrgnt assets 1.642.892 2.006,010 Totsl assets less current Ilabllltles 8.407.567 8.583.479 Net assets ox¢luding wnslon assot 8.407.567 8,583.479 Total net ass•ts 8.407.567 8.583.479 Charlty funds Endowment funds Restricted funds 18 18 18 143.501 45.046 8,219,020 140.370 Unrestricted funds 8,443,109 Total funds 8.407.567 8.583,479 The financial stateM￿ts ¥Rre approved and ault￿nSed for issue by the Direc￿ and sig1￿d on their behalf by. Mr D R Kllbrldo Mr G E Blackbum FCA Date.. 8 March 2024 WEST RIDING MASONIC CHARITIES UMITED (A company limited by guarantee) REGISTERED NUMBER: 00399211 BALANCE SHEET ICONTINUEDI AS AT 30 SEPTEMBER 2023 The noles C￿ ptyes 18 to 35 f(Ym part of these fir￿nCial statements. WEST RIDING MASONIC CHARrriES U￿￿ED (A ¢ompany lknited by guarantse) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEIABER 2023 2023 2022 Cash flows frorn gpwaung activlth$ Net cash used in operating actswtses 1927,6811 859.706 Cash flows from inv•stlng activities Oiwdgnds. interests and rents f[r￿n investments Proceeds frtyn sale of investrnents Purchase of investments 99,935 112.934 4.839.922 S.S12,407 {4.703.485) (5.624.227) N•1 cash provId￿ by invesllng activiiios 236.372 1,114 Cash flows from flnan¢ing activltl8s Net cash provlded by financlng actlvltles Change In ush and cxh equlvalents in tho year Cash and cash equivalents al the beginning of the (691,3091 1,973.508 860,820 1.112,688 Cash and ush equlvalents at the end of th• yvr 1.282,199 1,973.508 The notes on pages 18 to 35 fomi part of these financAal staiements WEST RIDING MASONIC CHARITIES UMITED IA ￿MpanY limlled by guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 30 SEPTEMBER 2023 Gonoral Infonnation The chaiity is a private company limtted ty guarantee, registered in England and Wales and a registered charity in EnglarKI and Wales. The address of the registered office is 20 Castle Grove Drive. Leeds. LS6 4B The principal activity of the o)mpany is the pYovtsx)n of Tel￿f within the Masonic Province of Yorkshire. Wesl Flding for Freemasons. olher National Masonic Charities and non Masonic thafilies. Aceounllng pollele# 2.1 8asl8 of prnparatlon of financlal statements The financial statements have been prepared in aC￿r￿an￿ the Charities SORP IFRS 1021- A￿Ounting and RerMYtKig by Charibes." Statement of Recommgn)ntirMJe. 2.3 Incoming mourc•s All Incoming rgsourcos are in¢kMJed the Statement of financial acliwtigs vhwi entiuement has passed to the charity. it is probabEe that the economic benefits associated with the transaclron will flow to the charity and the amount can be rdiabty ffleasured. The follThing specific poli¢ies are applied lo particular calegories of income.. • inctyne from donalions w grants is recognised T*hwi there is evidence of entitlemenl to the gi receipt is probable and its amiwnt can be measured reliably. . legacy income 1$ recognised when receipt is wobable aThJ entiknent is eslablished. 2.4 Resources expended Grants paYa￿e are charged in the year wthen the offer is made except in those cases where the offer is conditional. svants beirvJ recognised as expend￿ture when the condilions attaching are fulfilled. Grants offered subject to condi￿n$ *thich havé r*)t been met al Ihe ￿ar end are noted as a commitrnent. but not accrued as expenditure. WEST RIDING MASONIC CHARITIES UMITED IA company limit¢d ty guarnntee) NOTES TO THE FINANCIAL sTATEMEP￿s FOR THE YEAR ENOED 30 SEPTEM8ER 2023 Accountlng pollcles {¢ontinued) 2.4 Resourus •xp¢Thded I￿ntInu•d) )plication for WRM Community Fund (previousty kn(vm as PGM Fund) grants are considered by Review Group and those fw Emergency Grants et¢. by the prO￿nclaI Grand Amoner. Al grants are submitted to the directors for ratrflcali￿. Grants are recognised on the date approved by the directofs. Other liabilities arg r8C¢)3nised or C(￿$tructiVe (Illigati￿ 9i¥ry rfse to an ouffiow of Resources expended are analyEed belween Ihe different categories of expenditure as folbv*S: Grants payable in furtherance of the charitys objeG*ves include donatic￿S to other Masonic Charibes and organisatic￿S. grants to non Masonic thar￿es and gC￿ causes and grants payable to individual beneficiaries. Sup￿1 Costs in fvrth8rance of Ihe ehariws obj*tives compiise thè payoll costs of thè Care and Support Officers. vthich are managed diredy by the administration of the company, and associated travel expenses. Govemance wsts are those incurred in connection ￿ LyganiSath￿al administration and compliance with constilulional and slatuw requirements. IS Investrn•nts Lisled investrnents are measured at fair va￿e with dkanges in fair value t*ing reLxgnlsed in profit or loss. Quoted investm￿t inc￿)e is recc•3nised on receipt. For the purFrt)se of the accounts the date of receipt is tsken to be the published date of payment of the dividend or interest. The directors consider that this departure from the SORP is justified on the grounds that Ihe policy is a long standing one and its effects are not material to the finanoal stskments. All other inveslment Income is re¢>>Jni8ed on the ac¢xals basi8. WEST RIDING MASONIC CHARITIES Um￿ED IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Accountlng polkles {contlnued) 2.6 Flnan¢lal Instrum•nts A financial asset or a financial liabiltty is recognis&J only vthen the chaiity becomes a party to the cc￿traC1Ual p￿lOn$ of the instrume Basic financial inslrnments are initi.a1￿ rec(vJnised at the arno￿1 receivable or pardble OKA￿Ing any related transxlKJ) costs. Current assets and ￿Trent liaknfilies are subsequenuy measured at Ihe cash or other consideration expected to be paKI or received and N)t discounted. Debt instruments ￿ subsequenty me8s4Ked al amortiS￿ eosL Where investrnents in shares are publicly traded or tt￿1r fair value can Ott￿rWIse be measured rella￿y, the investment is subsequenyy measured at fair value vAlh changes ￿ fair valve recognised in income and expenditure. All other wch investrnents are subsequentty measured al cost less impairment. Oiher financial instruments. including derivatives. are inilialfy recojnised at fair value. unless payment for an asset is deferred besvnd normal busines5 lerms or financed at a rate of inlerest that is not a market rate. in which case the asset is measured at the present value of the future payments discounted at a market rale of interesl a similar debt instrument. Olher financial instruments are subsequenlly Measured al fair value. any changes recognised in the statement of financial adiw"tses. *ith the ex￿ptI￿ of hedging instruments in a designated hedging relatiC￿hLp. Financiai assets that ¥e measured at cost N amrAlised cost are revieb*d for objective evidence of. impairment al the end of each reporting date. If there is otyective ewdfjnce irf impairment. an wnpairment bs5 is recognised urKler Ihe apprcwate headin9 in the statement of financial activities in ich the inilial 9ain was rerngiused. For all equty instruments regardless of sijrnifficarte. and other financial assets that are individually s¥Jnific8nt, these are assessed individualty for impairment. Other financial assets are either assessed irKliwdually or grouped on the basis of similar credrt risk charactsristics. Any reversals of imwrment a￿ rec(*Jnised immediatety. to the extent that the reversal does not result in a carrwng amount of thè finanpal asset tr￿t exceeds whal the carrwng amount would have been had trje impairmenl not WiLxtsly been reeLyntsed. 2.7 P¢n$ions The Company operate5 a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to Ihe fund in resF*¢t of the yEar. WEST RIDING klASONIC CHARrriES UMITED (A company limit•d by g￿rantee} NOTES TO THE FINANCIAL STATEMElffS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Accountlng policies (continued) 2.8 Fund accounllng In line with the SORP. all funds have been alh)cated to the folkywing ¢ategorbes'. Unrestricted fuThJs which the c£*mpany may use for rfs purposes at its discret*￿. Designated unrestricled fvnds V*hich the direcl(Ks have set aside f¢Y specrfic purposes. Restricted funds subject to kgalty tindrrfJ restridw)ns over their use: Endov*Tnent fijnds restricled funds *there Ihe original Capital cannot be expended. There is one fund falling Into this category. tr* C. L. wils(￿ Tnjst which was set up under a specific bequest lo the company under which the inc(Mne was to be use for Masonic charitable purp)ses but the capital could not be used. A transfer from general fijnd to a designated fund may lake pLa￿ when a specffic desunated prcyKt ha$ bean approved by lh8 dir￿lor$ and a reascffwble estimate of the likely exw)diture can b8 made. Crfli¢al a￿aUn￿n9 •stim•les and areas ofludg•m¢nt The preparation of the financial statements requires management ID make judgements. estifflales and assumptions that affect the amounts reported for assets and Irabilities as al the balance sheet date and Ihe amounts reported fof ￿￿enUeS ar￿ expenses during the year. However. the nature of estimation means that adual outcomes could drffer frLYn those estimates. Details of these judgements are set out in the attounting pOI￿leS. Limited by guarantee The charty is a charitatAe company limited by wawtee. In the evenl of wndirKJ up the liability of each member is limited to £1. Income from donatlons and legxi•s unrèstrict￿ Restric￿1 fvrKI$ funds 2023 2023 Totsl funds 2023 Personal donatiws Testsmentary gifts 305.668 303,533 64.442 370.110 303.533 609,201 64.442 673.643 WEST RIDING MASONIC CHARtriES UMITED IA ￿MpanY limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Inc¢>me from donalions and legaci•s (continued) Unreslricled Reslricted funds funds 2022 2022 Tolal funds 2022 Personal t￿)nal￿￿s TeStam￿t￿Y gilts 476.141 1.042.653 17.875 494.016 1.042.653 1.518,794 17,875 1,536,669 Inveslment Incom• Unreslrided Reslrided Endowment funds funds funds 2023 2023 2023 Total funds 2023 Income from li8ted investrnents Bank Interest receNable 99.935 6,249 99,935 10.651 1,271 3,131 106.184 1.271 3.131 110.586 Unrestricted Restricted Endwment funds fvnds funds 2022 2022 2022 Totol funds 2022 Income from ￿$te￿ investrnents Bank interest receivatrAe 112.933 1.751 112.933 2.403 25 627 114.684 25 627 115,336 WEST RIDING MASONIC CHARITIES UMITED IA ￿rnPany limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Investmènt management costs Unrestrict8d funds 2023 Total funds 2023 Por11d￿ management 34.452 34.452 Unrestricted funds 2022 Tolal funds 2022 Pcthlio management 29.252 29.252 Anatys15 of grants Grants lo Institutions 2023 Grants to IndivKluals 2023 Totsl funds 2023 Grants. Charitsble ac11￿tieS 549.095 502.786 1.051,881 Grnnts to Institutions 2022 Grants to Individuals 2022 funds 2022 Granis. Charitsblg a¢tswties 436,310 223,776 660.086 WEST RIDING MASONIC CTrIARITIES UMITED IA company Ilmlted by guarante•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Anatysis of •xpendlture on tharltable aclmt Summary by fund type UNe5trictsd Restricted funds funds 2023 2023 Total 2023 Charrtable acliv 517.726 136,631 594.879 1,112.605 136,727 Support CQsts 654.357 594.975 1,249.332 Urnestricted Restricted funds funds 2022 2022 Total 2022 Charitable actiwiies Support costs 234.876 109.994 464,597 699.473 110,090 344.870 464,693 809.563 10. Analys1$ of expendltur• by actlvlt Granl funding of undertaken directy 2023 pport Total funds 2023 2023 2023 Charitsble activths Support costs 45,784 1.051.881 14.940 136.727 1,112,605 136.727 45.784 1.051,881 151,667 1.249,332 WEST RIDING MASONIC CHARMES uMrrEO (A cornpany limlted by guarant•¢) NOTES TO THE FINANCIAL sTATEmE￿r$ FOR THE YEAR ENDED 30 SEPTEMBER 2023 10. Analysls of expendlture by actlvitles (contknued) Act￿￿tieS undertaken directy 2022 Grant funding of adivibes Support Totsl funds 2022 2022 2022 Charitsble acti14ilies Support costs 28.287 11.1 110.090 699.473 110.090 28.287 660.086 121,190 809.563 Anal￿15 of Support costs Total funds 2023 Total funds 2022 Staff costs General office Bank charges AGM costs Stsff expenses Govemance costs 98,754 29.480 8.493 85,688 1,171 6.458 8.593 8,180 11.100 14.940 151.667 121.190 11. Auditors. r•muneratlon 2023 2022 Fees payable to the Companrfs awlitor for the a￿JIt of the Ccrfnpanls annual accounts 10,800 9,450 WEST RIDING MASONIC CHARrriES UMITED (A company limited by guarantefr) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 12. 2023 2022 Wages and salaries 98,754 85,688 98.754 85.688 The average number of persons emplojed by the Company duriry Ihe ￿ Vds as folk)ws.' 2023 No. 2022 No. aNJ SuppJrt officers No employee received remuneratton amountsiw to more than £60,0th) in erther jear. Thé DThctors aro tho key management personnel of Ihe organisati(￿. 13. Director5. remuneration and •xp•ns thjring the year. no OireGtcrfs received ￿Y remunerntion or other beneffts {2022 - £NIL). During the Jear ended 30 September 2023. NJ Oirector expanses ha￿ been incurred (2022 - £NIL>. 14. Trnnsfers between fund$ The fund transfers represent the subsidy t￿[￿$ the WRM Comrnunty Fund {previously kn￿n as PGM Fund) from General Funds. WEST RIDING MASONIC CHARrriES UMITED IA Gomp•ny Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 15. Flxad asset Inveslm•nts Lisled investrnents Cost or valualion At 1 October 2022 Additions Disposals Rev*ualions 6,577,469 4.703.485 (4,839.922) 323,643 At 30 September 2023 6.764.675 Net b¢)ok value At 30 Sèptember 2023 6.764.675 At 30 September 2022 6,577.469 WEST RIDING MASONIC CHARrriES UMITED {A company lirnit¢d ty guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 15. Flxed assèt Inv•stments (C¢)ntIn￿d) All investments sh(yknm atthe are hekl at valuation. Llsted inv•stments The aggregate market valu8 of Ikgted investrnents is £6.764,675 (2022 . £6.577,469). Flnanclal ￿ets held at faSr value Investment in equities and fixed interest securtses are all Iraded on quoted Publ￿ markets. Prices quoled arg those available as at the dose of buwness on the valuats.on date. W the valuation date falls on a non- business day. the Pfices quoted will be those availab￿ as at the close of business on the last business day before the valuation date. UK quoted securibes are valued at Ihe mid-markel price quoted on the London Stock Exchange. Overseas sewritses and wvemment st¢xks are valued at the mid-market price or last traded price avaiL4ble in the relevant stock exchange as obtsir*d from interactive data. Unil Trusts are valued al the middle pnee prevailing on the valuation date. OEICS are valued at the price prevailing the valuation date. Dmdend arKI interest payments received arg included up to and in¢ludiThJ the date of valuation. Asset sate5 and purchases ar8 rec￿niSed at thg date of trade al cost (that is their transaclion value). The signfficaru of fin¥￿la1 instrurnents to the ongoing finartial sustairkibility of the charty is conshdered in the financial review and W￿￿stMent pJlKy and performaiKe secttons of the T￿￿tee$, Annual Report The main risk to the W8St RKling Masonic Charil*s P￿10110 remains uncertain investment rnarkets. st￿k market volatility ¢￿tinUed against a backdrop of rising interest rates and onwing geopolitscal risks. The portfdio values increas&J during the sear. assisted by inflation falling during the latter part of the year. Liquidity risk in the F¥)rttdK)s is ani*patgd to be low as the assots held are trade(l in markets wrth good liquidity or high trwjing vdumes. The w)rtfolios have investment holdings in markets subject to exchange controls or trading condilions. Al assets are monitored centralty for their credit worthiness afKI remain approv&J IwJldMg5. Inveslment Pollcy and Perfomian Brob*n Shipley manage the p￿￿01￿5 on 8 Balanced Mandate. Retums from a Bala￿ed portfol￿ will be sought by way of a cc¥nbination of upital appre¢iatiffl and incune. Thgrg is a medium level of investrnent risk lo capital. The w)rtfc4ios are *ell diversified across different asset classes Inc1￿j1n9 fixed interest. equibes, allematives and cash. Tt* equity weighting is broadly 62% %thich is commensurate with the Balanced Mandate. The FrtNifolp3s have exFosure to UK and overseas equttses. There are no exPli￿t investment ￿StrictIOns. afihough no direct equity hdding is to exc8ed 5% of the porttolk)'s valua. Tha portfolios continue to be managed ￿ a kjng tomi time horizon. WEST RIDING MASONIC CHARITIES UMITED (A company linlt•d by guarantw) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 16. Debtovs 2023 2022 Duo wllhln one ￿ar Other debtors 403.619 222,913 403.619 222.913 17. Credilors: Arnounts falllng du• within one year 2023 2022 Trade L¥edilors Oiher taxation ￿ scKial se￿rity Other creditors Accruals and deferred Ir￿Me 4.099 1,487 23.350 13.990 1.116 189.295 42,926 190.411 WEST RIDING MASONIC CHARITIES UPAITED (A company limit•d by guarant••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 stst•m•nt of funds Statsment of funds . ￿rnInt year Balance at Balan￿ at 1 October 2022 Transfers inlout Gainsl September {Losses) 2023 Unrestrlcted ftsnds General Fund WRM Care & Supwrt Fund 3.408.613 643.659 {332.5￿) (511.704) 86.235 3,294,213 5,034.496 71.726 (356.219) (62.604) Y37.408 4.924.807 8.443.109 715.385 {688.809) {574.308) 323.643 8.219.020 WRM Car• & Support Fund This fvnd was set up to make grants. provkde assislarKe and reh'eve Ihe pressiNJ necessities of West Rtding freemasons, their familie5 and dependents. Note the name of this lund ￿aS Cha￿ ikniThJ the yew arKI w weviously named-CHOICES Fund.. Endowm•nt funds CL Wilson Trust Endowment Fund 140,370 3.131 143,501 Restricted funds WRM Community Fund Other Restrthd Funds Festival IWKI 4.726 {536.326) 531.600 3.076 57.911 145.784) (12.865) 42.708 45,046 65.713 {594.975) 574.308 WEST RIOING MASONIC CHARMES UMITEO (A company limlt•d by guarants•) NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENOED 30 SEPTEMBER 2023 18. Statement of funds (contlnued) WRM Communlty Fund This fund was originally set up as a separate d￿rIty specifically non Masonic grants. On 30 June 2000 it ￿Sed to be a separate tharity and beeame a furbd wthin West Riding Masonic Charities Limlted. The fiJnd continues to be applied wholty for grants to non MasonK causes. Note the name of this fund was thanged d￿1r￿￿ the year and vras pre**iou5ty named "Provincial Grand Masterfs Fund {PGM)-. Other restricted funds Included wilhin other restricted funds is Teddies for Loving Care - TLC FvrKI (previously known as The Teddy Bear Fund). wthich dIstr*￿teS teddy bears to chihjren in hospilal. Festlval Fund On May 2rKI 2023. a Feslival appèal TKas launched to sUp￿rt the Masonic Charitable FouTrJation (MCF). Thi$ wll reach rts conclusion in 2028. During the perKKI of the Festival it is the intention that West Riding Masonic Charities Limited 7AiII give every supKKxt. Balance al Balance at 1 Transfers inlout Gainsl September (Losses) 2023 2022 Total of funds 8,583,479 784,229 {1.283.784) 323.643 8,407,567 WEST RIDING m￿ONIc CHARITIES UMITEO IA company Ilmtted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 18. Ststern•nt of funds (¢ontinu•d) statoment of funds - prtor year Balance at 30 Gainsl Seplemb8r ILosse51 2022 Balance at 1 October 2021 Transfers inloul IrKome Ex￿￿lture Unrestrict•d lynds General Fw WRM Care & Support FurKI 2,863,829 1,552,355 {66,185) {$41.024) (400,362) 3.408.613 6.220.501 81.123 (307,937) 109.9)8 11.068.699) 5,034,496 9,084.330 1,633.478 {374.122) {431.516) 11,469,061) 8.443.109 Endowment funds CL Wilson Trust Entlowment Fund 139.743 627 140,370 Restficted funds WRM Community Fund Other Restricted Funds 13.636 {436,4￿) 421770 15.2TT {28.287) 8,746 15.277 17.900 (464.693) 431.S16 Balanc8 at Balance at 1 October 2021 Transfers inloul Gainsl September IL¢)ss8s) 2022 Income ExpeTrSture Total of funds 9,239.3SO 1.652,(XlS (838.815) {1.469.061} 8.583.479 19. Summary of lunds WEST RIDING MASONIC CHARrriES UMITED (A company limited by guarantee> NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 19. Summary of funds l¢ontlnu•d) Summary of funds • current Balance al 30 Gainsl Seplember (Losses) 2023 Balance at 1 October 2022 Transfers inlout I￿e Expen¢*tsJfe General fuThJs Endowment funds Restrided funds 8,443.109 715.385 (688,809) 1574.308) 323.643 8.219,020 140.370 3.131 65.713 143.501 45,046 (594.975) 574.308 8.583.479 784.229 11.283.784) 323.843 8.407.567 Summary of funds - PTlor y•ar Balance al 30 Gain&1 September {Losses} 2022 Balance at 1 October 2021 Transfers inloul Income Expenditure General furKIs Endowmenl funds Restrthd funds 9.084.330 1.633.478 {374.122) {431.516) {1.409.￿1) 8.443,709 139.743 15.277 627 17.900 140.370 (4164.693) 431.516 9.239.350 1.652.005 (838.815) (1,469.061) 8,583.479 20. Anatysls of n•t •ss•ts betwe•n funds Ana￿15 of n•t *$Mts bthwn lunds- current yoar UnrBStn"cted Restricted Endowment funds funds funds 2023 2023 2023 Total funds 2023 Fixed asset investments Current assets Creditors ¢kn within one 6.764.675 1.497,271 142.9261 6.764,675 1,685.818 142,9261 45,046 143.501 Total 8,219.020 45.046 143.501 8,407.567 WEST RIDING MASONIC CHARMES u￿￿ED IA company limited by guarantee> NOTES TO THE FINAI4CIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 20. Analysls of net assets belween funds (contlnued) Analysis of n•t a¥s•ts betw￿Tr funds . prloryear Unrestri*d End0￿ment nds funds 2022 2022 Total fijnds 2022 F￿ed asset investments Current assets Creditors due wlhin one 6.577.469 2.056.051 {19),411) 6.577,469 2,196.421 {190.4111 140,370 Total 8.443.109 140.370 8.583.479 21. Reconelllatlon of nat movement On funds to net cash flow from op•ratlng actlvltles 2022 Net expenditure for tho las per Slatement of Finawal Aclr¥ili8s) (175,9121 {655,8711 Adjustments for. (Gainsylosses on investrnents Dfvidends. interests and Tents frorn inveslm {IncreaseyDecrease in debto Increaselldecreasel in creditLYS Other interest receiva￿8 a￿3 similar irKx4ne Accxued expenses Interest re￿iVed (323.6431 1.469.061 {99,9351 {112,9341 (180,7061 59,322 27.820 1,116 (10.6511 (2.403) {175.305 99,012 10.651 2,403 Net cash provid•d byl(us•d in) op•ratSng activlu 1927.681) 859.706 22. Anatysls of cash and equlvalents 2023 2022 Cash in hand 1,282.199 1,973,508 Total ¢•8h and cash equivalents 1.282.199 1.973.508 THEST RIDING MASONIC CHARITIES LIMITED (A company Ilmit•d by guarnnteo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 23. . Analysis of chanw kn nel debt At30 September 2023 At 1 Odober 2022 Cash fiows Cash at bank and in hand 1,973,508 (691.309) 1,282.199 1.973.508 1691.309) 1.282.199 Pension commltm•nts The amount recognised in profft or105s as an expense in relai¥)n to d8hned contribution plans was £6,825 {2022- £810). Contributsons totalliThJ £820 {2022 - £2.009) were payable to the pens•Jn sch8me at the balance sheet dale. 25. Relalod party transa￿1()￿$ The ¢￿panY is corrtrdled by the directors. The company Wds inc(Yw)rated in 1945 to undertake the charitable activiiies of the Provincial Grand Lodge of Yorkshire, Wesl Riding (PGL) ts. therefore, a connected organisation. The Provincial Grand Master for the lThe beir¥J is ts PresKlent of the Charity. The charity ha5 riot entered into any rdated party trartsaction during the year, nor are there any outslandir¥J balances ￿AIn9 between related parties and the charity at 30 September 2023. Yl••tRhllDo Ilw•nbB Chrth• Lkn*•d P•rlod•ndod 311h S•pi*rn￿v11l3 Wbjon T* 0.IID 6TJ6¢J 112.9&1 0249 IQ051 743 T¢ddyrWS 4712• 21.tro 1.918 ?iJJS 120 W213 10,Yl lQ.$75 11.IfXI 93 6.451 1•1 ?V4 1fAm4 27.$141 lJl 4111 (T.4XI 15 Iq.3Jl IiJizJi 11A&%.93JI (•.6 9121 (86&$711 4A•),479 14J5m W*si Rlllne Chath• Ufj YMrlO2 T•lW TLC Td T• Fw4 Fwd STYM 1.0116 1.494.13 141501 14JYJI 11$1S¥ 42 141501 I.5￿,B92 S01 479 i*J &2>9JSO IIM.401 o• &1 (6SU711