Registored Charlty No: 213476 Warwlckshlrn Alark B•n•volent Fund Tru8t6•81 R•port and Flnancial Statsmonts 31 August 2025
Warnickshire Mark Benovolent Fund 31 August 202S Contents Pages Trustees, Annual Report Independent Examinerfs Report statement of Financial Activities Balance Sheet Notes to the Accounts 7-10
Warwlckshlro Mark Benevolent Fund Trusteos, Annual Report for the year ended 31 August 202S The Trustees present their reFQrt arKI ac£ounts for the year ended 31 AJUst 2025 Refèrnnce and Administratlve Information The Trust is registered with the Chanty Commissioners No. 213476 on 6 December 1962. The main address for contacts is.. 20 Henley Crescent Solihull Warwickshire B912JD The Trustees at 31 August 2025 were: J S Wnght DPF8ir N E A Watkin J D Evans C F Stiles R N Clemson J R Freakley A R Amibrister P F Mason HLSmrth l D Belsham A W Crees Structuro, Govamanc8 and Management The Trustees are recruited and appointed in bwo ways as Ex Officio Trustees, by means of The Provincial Office they hold and elecied Trustees nominated, as such by the Provincial Grand Master and Trustees but voted upon by the members at the Annual Meeting. Objectives and AGtivldes The Charity's obj'eds are to provide a lief fund for and support to other Masonic avenue5 of financial relief for the b8nefiaaries and to make donations from the fund to Masoni¢ and non-masonic Charities. Imiilst undertaking the above-mentioned actNittes the Truste8s had due regard to guidance published by the Charity Commission on public benefft issues.
Warnyickshire Mark Benevolent Fund Trustees, Annual Report for the year ended 31 August 2025 (Continued) Achlevements and Perfomiance During the year ended 31 August 2025 the fund made grants and donations of £ 77,56112024 - £ 31,518) to Freemasons, their dependents, and non-Masoni¢ charities. The voluntary donations from members show a reduced figure £ 16,283 compared to £ 23.954 the previous year. Flnanclal Revlew Ouring the year end8d 31 August 2025 the Charty red donations, investment income and tsx refunds amounting to £32,111 (2024 - £ 40,322) of which £81,406 (2024 - £35.270) wa5 spent in pursuit of the Chanty's objectives. As at 31 August 2025 £ 236,730 (2024 - £ 288.015) was held as Unrestricted Funds, and £199,447 (2024 - £191,083) was held as Restricted Funds. R•serves Policy The reserves are carefully regulated by the Board of Trustees to ensure that adequate financial resources are available to support the Benevolent Fund's short-tenn and longer-term commitments. Reserves are held in both cash (bank account balances, balanS held by the fund's stockbrokers, and balanS held within the Masonic Relief Chest Scheme deSnated as being held to the Order of The War4vickshire Mark Benevolent Fund) and in stocks and shares and other investments managed on the fund's behalf by Redmayne Bentley LLP {stocktKokers). Trustg05' Responsibllities The law applicable to Charlties in EnglarKI & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resou$ and application of resources of the Chanty that period. In pparing these financial statements the Trust are required to- select suitable accounting policies and then apply them consistently. observe the methods and principles in the Chanties SORP 2019 IFRS 1021. make judgements and estimates that are reasonable and prudent. stste vthether applicable accounting standards have been followed, subj'ect to any material departures disclosed and explained in the finanaal statements. prepare the financial statements on the going concem basis unless ti is inappropriate to presume that the Charity will continue in operats'on. The Trustees are responsible for keeping proper accounting r8c(Kds that disdose wrth reasonable accuracy at any time, the financial position ofthe Charity and enable them to ensure that the financial statements comply with the Charities Ad 2011, the Charity Accounts and Reports Regulations 2008 and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the Chanty and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
WaThvickshlre Mark Benevolent Fund Trustees. Annual Report for the year ended 31 August 2025 (Continued) The Trustees are responsible for the maintenance and Integrtty of the Charrty and financial infomation included on the Charity's website. Approved by the Tnjstees on 15th November 2025 and signed on their behalf by". J S Wrlght Chaimian Clemson Secretary
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Warwickshirn Mark Benovolont Fund Statoment of Financial Activities For the year end 31 August 2025 Total Unr8strictod Restrlcted Funds Funds Funds 2025 Total Funds 2024 Notes Incomlng Resourc06 Voluntary income Oonations Gift Aid Tax Rehjnds Dividends and interest on investments 11,614 4,649 11,614 4,649 17653 6,301 9,305 6,543 15,848 18.368 Total Incomlng Resourcos 25.568 32.111 40,322 Resources Expended Gharitable paymenls Grants and assistance Administration 77,561 2.115 77,561 3,845 31,518 3,752 1.730 Total Resources Expended 79,676 1,730 81,406 35.270 Net Incoming resources before transfers (54.108) Unrealised gainsl{losses) 2.952 4.813 (49.295) 5,052 7.551 10.503 28,662 Realised gainsl(losses) {4.942) (2.187) (7,129) Investment Provision (4,598) Sundry Creditor { 250) Transfers beeen funds 4.813 (4,813) Net movoments In funds for the year {51.285) 5,364 ( 45,921) 29,809 Total funds brought forward 288,015 191.083 479,098 442,289 Totsl funds carried forward 236,730 196,447 433,177 479,098
waICksh1ye Mark Benevolent Fund Balance Shoet- 31 August 2025 2025 2024 Notes Flxed Assets Investrnents 393.141 432,318 Curront A•80ts Cash at bank and in hand 39.958 47,930 39.958 47,930 DebtorslLlabllltles: (amounts falllng due withln y•ar) 78 1,150 Net curront a88•t8 40,036 46,780 Net A33ets 433,177 479,098 Funds of tho Charlty: Unrestricted Funds Re8trlcted Funds 236,730 196,447 288,015 191,083 Totsl Funds 433,177 479,098 The financial statements on pages 1 to 10 were apwovad by the Trustee8 on 151h November 2025 and signed on their behaff by. J S Wrfght Chairnian
Warwlckshlre Alark Benevolent Fund Notes to the Ac¢ounts- 31 August 2025 Accounting Policles (a) The accounts have been prepared under the historical cost (x>nvention in accordan with applicable accounting standards and follow the recommendations in Statement of Recommended Practi 'A¢counting and Rewting by Charities, (SORP 2019 (FRS 102)) 2nd comply with these Charities (Accounts and Reports) Regulation 2005 issued under the Charities Act 2011. (b) Voluntary income receNed by way of donth.ons and grfts to the Charity is induded in full in the ststement of Financial Activib8s when reNed. (¢) Listed investments are stated at market value less any prOvlon for a pemianent diminution in value sinrk the balance sheet date. (d) Realised and unrealised gains and losses on investments are taken to the Statement of Financial Activities as they arise. Realised gains and losses on inv8Stments are calculated as the drfFeren beeen sales proceeds and the values transferred in on purchase date rf lat8r. Unrealised gains and losses are calculated as the drfference between the market value at the end of the period and the transferred in value or purchase date rf latw. (e) Charitable grants a accounted for in the year in which they a pahl. All other expenses are accounted for under the accruals basis. Support Costs represent the cost of the general administration functions of the Chartty. Govemance costs comprise all costs involving the public accountabilty of the Charity and tis compliance with regulation and good practice. Expenditure indudes any VAT which cannot te recovered, which is reported as part of the expenditure to which it relates. (fj Unrestricted Funds comyomise those funds whith the Trustees are free to use in aOrdanCe with the charttable objects of the Chanty. The Restricted Funds represent those assets vthich must be held peanentlY by the Chanty, principally investments. Income arising from the Restrided Funds can be used in accordan wrth the objects of the Charity and is included in unrestricted fund income. Caprtal gains and losses arising on the investments fonn part of the Restricted Fund. (g) Income from invasbnerrts is accounted for in the year in which it is recerrfable. Interest on bank and stockbroker deposts is accounted for in the year which it is received. (h) As a Registered Charty. no liabilty to taxation arises.
WaThvlckshirn Mark Ben•volent Fund Notss to the Accounts - 31 August 2025 Inv8slment In¢ome 2025 2024 Drvidends and fixed interest receipts Interest received 14,888 14,707 1,661 15,848 16,368 Truste8S None of the Trustees were reimbursed for expenses throughout the current and previous year. No remuneration VRS paid or payable in respect of the year out of the funds of the Trust either directly or indiredy to any Trustee or to any person kni)wn to be connected with them. Grants 2025 2024 Grants paid during the year. Hospices and other charities funded by VthIBF TT,561 31,518 77,561 31,518
Warwlckshire Mark Benevolent Fund Notss to the Aecounts - 31 August 2025 Investments 2025 2024 Market value as at 31 August 2024 Addrtions Disposals Realised gainsl(loss) on disposal Unrealised gainsl(loss) on disposals 432.318 100,985 (143,536) { 7,129) 10.503 372.820 62.376 (27,885) 942 24,065 Market value at 31 August 2025 393,141 432,318 Book value at 31 August 2025 347,167 415,185 Investments at Market Value comprlsed: UK equities, unit trusts & foreign tK)fKIs 393,141 432,318 Restrlcted Funds WaNAckshire 2027 Endowm't Res.Fund Total At 31 August 2024 Income from Mary Jones Fund Deficit For Year Investment Provision Realised gainl{loss) on investment Unrealised gainl{lossl on investmerrt 288,015 4,813 (54,108) 191,083 479,098 4.813 (54,108) (4,942) 2,952 (2.18n 7,551 (7,129) 10,503 As At 31 August 2025 236,730 196,447 433,177
10 Warwlckshire Mark Benevolent Fund Notss to the Accounts - 31 August 2025 Restricted Funds (Continued) Warwickshire Festival 2027 Fund The Grand Lodge of Mark Master Mason set-up the Mark Benevolent Fund (MBF) in 1886 as a grant rnan9 b¢)dy to support indigent Mark Masons. Overth8 years the MBF has expanded its scope enomiously and is well endowed. The MBF is funded by charitable contributions from Mark Master Masons. arKI these are largely collected using the fund-raising vehide of an Annual FestNal. These Annual Festivals are dealt with on a rotation basis. A Festival will come round once every 45 years for each PrOWn. Afthough this systsm seems, on the fa of it, to not be unduly demanding financially in W8ThMthshir8 rt has been felt that to ameliorate the impact of recurring FestNals on the pod(ets of our memb8r5 funds would, on an annual basis, be put aside into a restricted reserve to meet some part of the financial commttment to the Festival in the year it falls due. These restricted funds are invested by the stockbroker in lowlmedium nsk stoGk arKI Shares on the basis that, during the four or fjve year Feriod leading up to 2027, the investments would b8 liquidated at appropriate moments to mrtigate any finanGial risk to the funds that have been put aside. These risks are supervised by a su committee oftrustees in conjunction yh the stockbroker and a report is submitted to the board of trustees for their appfoval. Funds may be transferred to this reseNe either from annual incorne or by transfers from the General Reserve rf the trustees feel that there are more than sufficient balances held. The WMBF Endowment Reserve Fund (fornrty Tho Mary Jonos Fund) This substantial restricted reserve arose as a result of a very generous legacy from Mrs Mary Jones, widow of one of the province's senior members and a long-term Lodge Almoner. Mary Jones approached the Chaimian to discuss part of her revised Wll. and rt was suggested to her that she could leave money as an 'endowment fund, with the Trustees of the WMBF having discretion as to the charitable use to whiGh the ino)me could be used. Mary Jones subsequently asked her solicitor to advise her and draw-up her new Idlfill. Income from the fund is CUentty being used to support the V4MBF's commtiment to the 2027 Festival. From 2027 onwards income wll be used to support the general objects of the fund of vthich grants to local charities will be a large part. Members of the WMBF are quietly asked to consider legacies to the Wal8F. As arKI bvhen further legacies are received the name of this reserye has been changed to 'Endowment Reserve. in order that the accounts do not becom8 too encumbered with multiple reserves serving identical purposes. 7 Rélat Party Transactions There were no related party transactions throughout the current and previous year. 8 Control The Chartty VRS under the control of the Trustees throughout the cuent and previous year,