THE CUMBERLAND AND WESTMORLAND PROVINCIAL GRAND LODGE MASONIC BENEVOLENT FUND Annual Report and Accounts Year ended 30 June 2024 Registered Charity No 213203
THE CUMBERtAND AND WESTMORLANO PROVINCIAL GRAND LQDGE MASONIC BENEVOLENT FUND Trustees. Report for the year ended 30 June 2024 Slgnlfi¢ant Infomiatlon Tru5teesthroughout the year were: WJ Bewlev JA Martin NJ Thompson D Stewzrt RW Sharpe KR Be3umont ChalrmaTr resgined-. 30 September 2024 Resigned.. 9 Qttober 2023 Appointed.. 9 Ottobtrr 2023 Chaimian appointed.. 30 September 2024 Treasurer JS Hcdlins-Gibson Secretary M Mashiier Trustees are chznaed by resolution at Prownrial Grand Lodge General Meeting5. The Chafity was established by a trust deed dated 21stJunè 1927 and is re8iStered with thE arÈry Commi5sion- No 213203. The Chadtles address is The Masonic Hall. 10 Statbon Road. Kendal, LA9 68T. Bankers are HSJC plc. 3 Pow Street, Workinglon. Cumbria, CA14 3AH. Trustees. Responsibility forthe accounts The trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordancE with appllcable law and United Kingdom Accountin8 Standards IUnitÈd Kingdom Generally Accepted Actounting Practlcel. The13w applicable to charit1es in Englènd and Wales requiresthe trustees io prepare financial statements for each rinancial year which 8e a true and fair ¥1 of the state of affair5 of the charity and of the incoming resources and application of resources of the charity for that pÈriod. In preparing those financial statements, the trustee5 are required to.. Selett suitable accourting policies and athy thern eonsistentlvp Observe the methods and prirsciples in the Charities SORP.. Make Ivdgements and estimates that are reasonable and prudent,. State whether applicable accounting staftdards have been followed. subjert to any departure5 di5c105ed and explalned the financial statÈments- and Prepare the flnancièl statements on the going concern basis unless if Is Inappropriate to presutne thèi the charity will continue in operation. The Trustees are responsible for malnt3inin8 proper actounting rÈcords whsch disclose with reasonable a¢ctrracy at 3lly time the financial posltion of the charity and to enable them to ensure that the accounts comply with the Charities Act 2011. the Chairty (Accounts and Reports) Regulation$ 2008 and the provision5 of the trust deed. They are a150 re5ponsiblÈ for safeguarding the assets of the chaiity and hence for tak*ng reasonable steps for th prevention and detertlon of fraud and other ir¥egularitie5.
THE CUM8ERLAND AND WEsndoRLAND PROVINCIAL GRAND IODGE MAS0141C BENEVOLE1 FUND TnNt•es' R•port wntlThyed Objects, Oryanisatlon and Acd¥ltyes The Charfty Is established for the relief of poor and distressed brother masons. of their widows and children and for the bènefit of Charitable Insututlons a5 direrted bythe PfovÈnual Grand Lodge at General Meetln85. The charlty malnly conslst5 of an investment portlollo held by the trustees in line with the investrnent powers contained in the Charity's Trust Deed. Brewln Dolphin. Investment Mana8ers. currentty manage the Investments on a dlscretionary basls on behalf of the Cumberland and Westrnorland Provincial Grand Lodge Masonic Benevolent Fund. Publlc benefit The trustees confirm thal they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charlty Cornmis5ion for England 3nd Wales. Revlew of ProBre55 Athlevements The Masonic Charity Foundation IMCFI makes grants to brethren. widows and children in distress or need and these are now pald by direct bank transfer to the reciplent and not throuth th15 Charity- Currently the amount us In excess of £100,)0 per annum within our Province covering most of Cumbria. Grants are also made to local tharities. £13A27 during thi5year and some ofthe5e do attract matched funding from the MCF which is a8ain paid direct to the recip5ent. Our investments have genefalty recovered and are mana8ed by Brewin Dolphln who have di5treknonary powers. DurinE the year a one off donatlon was made direct to the MCF from our accumulated resèrves to support thelr work In Cumbria. In the year grants dlsbursed to charitable institutions zmounted to £63.82712023: £287,225). Durin8 the year the investments made an unreali5ed gain of E150,228 whith is reflected in the fund va5ue of £2,023.370. Flnances The attached Financlal Ststements show the 0Jrnt state of the finances of the Benevolent Fund and the Trustees conslder these to be satisfartory and sound. The Flnancial Statements compty wtth statutory requirements and wlth requirements of the Charity's go¥eming instmmenL The tharlty held unrestrirted fvnds of £2.140,07212022'. f2,017.7391 at the year end and restrirted funds of £42,43612023: £43,345). The charity has considered the reserves requlred and hold5 sufficient resewto contlnue with future charitable actlvities. Signed on behalf of the trustees KR Beaumorht- Chairman 17 October 2024
THE WMBERIANDAND WtSThlORiAND PROWNaAL GRAMD LODGE MASONIC BENEVOLENTFUND IndepertdeAt ex•mlnerfs rtport tothe TNsEee50f the CumlJerfarKI &We5tmortand Pro¥lndal Grand lodge Benwolem Fund I report to the trustees on my Èxèm5nètion oftheaccounts of Cumberfand &Westmorfand Pro¥inual Grand Lodge BénevolentFvnd for the yeèrended 30JunÈ 2024. vihich are set out on page54to 7. ResponslI[e5 and b•slsolrep¢ Asthe charity t¥ustee5 of theTrustyuu are rewble forthe preparationof the accounts in accordan with the requirements oFthe Charitles Act 20111.the ACYI. I report In respectof my examination ofthe Tru5tEds ¢ovnts tarried out wdersection 145 of Ihe 2011 Act and in carrying out my examlnatlon I havt f&lowed all the applirable Directions wen bythe Charity Commission under sèttion 14515llbl dfthÈ 2DII A¢t. Independent examlner's statement I have ccrrypfeted myexamlnatlon. I confirni that M materkil maller5 havecometo myattentlon in Connectn with the examination Eivln8 me cause to bdlevethat in any material re5pert'. 11 l account5ng recorfs were not£pt In re5pecroftre Trusta5 required $¢(bOD of thÈ Att., of 121 the accounts do not accord wrth th)5e re¢(ds.' or 131 the accounts do not compty wlth the ap1(ble requirements cOnrnIng1he form and eontent of xcounts set out in the Chariiies {Accour and Report51 RegulatK)ns 211)8 otherthan any requirement that the accountsgNe 3.true and fairview. which Is not a matter constdered as part olan independentex3minath)n. I have no concerns and have come acros5 othtr matter5 inwThnettx)n theexaminatlon to whith attention 5houkl ir)n In this report in orderto enable 3 properunderstanding of (wnts to be reached. David Allen FCA Oav1d Allen Oalmar House barra5 Lane Estate Dalston CA5 7NY 17 October 2014
IlJ14 1014 5Q012 610 InWYe 4103 loa6 1315 4th50 %555 GiirIJPakn.. J1215 F¢¥1P4112Q27D¥fj 5J55 22. 5J55 2.780 77 r4chw8e¥ 61 15Q 14Q7J 137.n6 137.716 12L414 113. Im7.73Y 22592$$ 2.fj17.7Jg 42
niE CUMeERiANDAND WE5TMORLAND PROVINaAL GRAND LODGE MASQNIC BENEVOLENT FUND Charity No. 213203 Bat SlEtat30JynÈ 2024 2024 2023 Fixed Assets Irwe5trnethts 2.013.370 179,368 CurrentAssets Trading stod( Brewln Dolphin Income account Cash at Relief Chest EOIS6 Debtars 11,945 14.027 162,677 4.732 3,971 197.352 4.528 147.731 4.832 5.IBO 170.979 2.194.349 2.076,720 Current Llabilitie5 An)ountsfallkngdue within one year iiwi 15.636 Nei CurrentAssets 159.138 181.716 14etAs5ets 2.182.508 2,061.084 Unrestrkted Funds Restritted Fund5 2.140.072 42.436 2.182,508 2,017,739 43.345 2,061.084 Signed on behalf of the trustees KR Beaumont- Chalrrn 17 October 2024
ThE CUMBERiAND AND WEsfMORiAND PIIOVINaAL GRAND LI)OGE IM5CINIC BENEVOLENT FLIP4D Motestothe A¢countsfortho yoarqndod 3OJurt 2023 l. AccountlnB Policies B¢S of attoufitlft¢ These finaniial statements have been prepared in Comp3nce with FRS 102, The Finanual Reporti Siaridard applitable in the UK and the Republicol IreLrynd'. theststement of Recommended Practice applK3ble to charities Ppar1ftE their 3c(ountsin accordance with the Flnancial Reportiwstandard applKable In the UX aThJ ReputrAicof Ireland IFRS 1021 Ichawlties SORP (FB5 10211 and thp Charities Acl 2011. Goln8 Cort¢em The trustees censider that ihere a no rnaterial unrtaInlit$ aboutthetharity's ability to corbtinue as a Èolngconcern and any si8nifirantareas of urtervdfftty that affert ihe carylngvak of assets held by the chatlty. Jud8•ments and keysourtesof esiir•atlon un£wtaknty The preparatian ofthe finanaal statements requires marement to make judgements. imates and assumptions that affèttt amountsreported. These estima and lud8emÈnts are ¢ontinualty eWed and are based on experience andodr fartors. indudlng expectafvJn5 of future events that are believed to be reasonableunderthe drcumsranc.ActUaI results rnay dSffer from rhese estlmate5. fixed Asset th¥estments Quoted fixed asset investments arestated atthwr marker vJe. whh based ¢) the closing middlE market priceon a wcnlsed sir*k exchange. Any realised 8ains or1055es 3rising in Ihe year are accounted for in the Incomeand EyenditureAccounL Other Investment5 a Stated al cD5t kn p$10n loranydlminutkn in value. Donn5?d grants Dot)atlons and grant5 are reco8ni5ed on a rece1¥ae baWhen rec£fjpt ts probablEand the amount can be me•sured reliabty. Expendibjre Expenditure has beentharged in rhe Statementof Finanaal LIVi1e$ ¢)n the accruals Stocks are measured at the loweTof cost and esbmated seling prKe $5 Costs to cornplete and Sell. Cost indudesall cost5 of pyrthase. costs olton¥etsStr) and other costs incurred" brinslngthe stockto $ loration and conditth. The carrylng amount of stock sokl 15 recognised as an expertse Inihe pertod in whlth the fdated revenue ts recognlsed. 2. Analy51sof Nei Assets by FLmd 2D14 6ÈnÈrdl Fund5 2.023,3X) 128.543 111.8411 Restykied Funds Fund5 1023.370 170.979 Ili.B411 Fixed Assets Current Assets Current LiatNlities 41436 Total 2.140.07Z 42,436 2,181508 2023 General Fund5 1.879.368 154.W7 115.6361 Restrkted Futhds Totsl Fixed Assets Current Assets Current Liabilitles 1,879.368 197.352 115,6361 43.345 Total 2.017,739 43.345 2.(084
ThE CUMBERLAl1D¥5ThI0RL4MO PRO4ryNOAL GK4ND LOE MA50NIC bENEVOLENTFIJND Notes iothknUntsfartI•ar Rthded 30 ¢2021 3. Trusteps, Rernuner¥tlofft attd Empeftses No remneratin waspaid or pbydifetty(K indwecttyoutof funds of the h)theyear to anytrnsteeorto aTrypersonWpewskrThtQ be co1MedI01hWTh. No reirniur5Emehtofxpenses hasbeen mode N p5duEtobÈm&k an¥ofteTlu5Ee5 in rcvrt olthe year. 2024 2023 Quot Ihvèsthienis." 3rketvaluÈ b8ht lorvrdrd 50% RLturtt of char8es UDrealised investrnettl8alrtslllosTr Fund manoyrfsthNges 1.879361 6.286 150.28 112,5721 l.g86.440 6.265 18071 112.5301 Market value at 30thJune 2023 2x123.370 1.879.368 Hlstoilcal Cost 1.177.493 1.177,493 Debtors Amntsf31llnIouE vffihin Oneyeat S.180 5.IBO 3.971 6. Credknrs ArTrDunt5 falli8 duÈ withAI oneyear 11.841 11.841 15.636 15.636 7. Funds IJV10l3 ExpÈnded 30JuTre ZOZ4 Ih)restrl¢led Generèl Funds Total r¢strIrted 2.017.739 2.017.739 53.155 53.155 2.14D.D72 2,110,072 169.1781 REStticted PGM CharityFund Teddies For LOV1c3re rotsl 4tted 42,436 9(lJ 4J345 41.436 19Dgi 19091 42,436 Totsl Funds 2.Cffjl.084 53.IS5 170,0871 2,182.508 ID 2021. thetru5te2gulthÈ CumbÈrknd and Wewmrland Grad Mastms. Charity Fund decision 10 amalgamate wf(h The Curnberland and WeStmoflaDd Pr1 GTand Lodie Benevoknt Fund. The CuMra3d nd WèsEmorland Grand Masiw5' Charity Fund Included a restriciedie5erve for flood ieliel. Ihis 15 the PGM tharityfund. Teddie5 fot Long Care a resriicied lund low(Mde a iÈd(fyfiDchAdrw inAccident and Emergencydewrtments helpiw t(breducethe shotk and distressof ihwreXpÈn(. Exhthih4 take the td¥ home. 8.TrndlTrwA<%Mue5 2024 2023 Inton* Trom saleof Masonk itern5 4,650 4.650 5,555 5.555 OptsTln8 Stotk Cost ol tnasanit ttÈms Le55 doTr85tack 11.945 l.413 I8.7() 17.5( 111.9451 4,650 5,555 Profil