Cliartty registration rtumber.. 216754 Shropshire Masonic Charitable Association Aniiual Repoff ai)d Financial Statenients for tlie Yeai. Ended 31 Decembei. 202.3
.ShropshiYe Masonie Chai'itable Association Conteiits Refereiice and Adiniiii5trative Deiails Trustees, Rewrt 2to5 Statemeijt of Trnstees, Responsibilities Independent Exaiiiiner's Report Statement of Fin&ncial Activit&es 8109 Balance Slieet 10 Notes to the Firan¢ial Siateiiients 11 to23
ShJ'opsl)ire Masonie Charitable Association Ref¢reiice and Administrative Details Trustees J R Weavej. R Brooks A Cadtnan A Clarke N Garaviiii R B Peinberton D P Price P Robiiison R S Price J P Stubbs J D Thomas S R D West-wyiin K fvlar¢h ChAI'ity Rtgistration Nllmber 216754 Principal Offi¢e Freemasojis Hall Crewe Street Shreivsbuiy Sliropsl)ire SYI 2HQ CBSL Accountants Limited Rowdn House Nort&1 l Tlie Prof¢ssioJial Quarter Shrewsbury Business Paik Shrewsbury Independent Eiathiner SY2 6LG Page I
Shropshire Masonic Charitable Association Trustees, Report The tru5ttes pi'es¢nt the annual Kepoil together with the fi[n¢1a1 ststements of the cliaiity for the year ended 31 Deceinbcr 2023. Obj¢e¢ives ttctivitie5 Objecls diid UiiTriT The general objects of th¢ AsSlatiO11 al'e to inrirase the an)ount, and Yendej. Inore effeciive tl)e colleetLOIi, application and adminlsttxtioii of the furtds ixised in thc Province of Shropshire for Masonic and Non-mosonic chai'itable pui'p)ses. To aeliieve this tt¥o fuiids have beeii established. Ldlled ¥especlively the 'Festival Fulld, (formerly 'Celltral Masonic Charitable Fund, (Celltral MCFI) and tlie 'Ship$ll17 Fund, (formerly 'Shropsliire mOni¢ Charitable Fuiid, (Sli1p$lllrt MCF)). Tlie funds consist of 211 donations and annual subscriptions paid to tlie Association. Tlie allocation a'a(io of IEceipts between tlie Festival Fuiid and tlie SlitDpshii-e Fund is approved by the members at tli¢ Annual General fvlttting of tlie Association. These Fullds air held as Relief Chesis by tlie h4asonic Chafitable Foundation. The Funds are applied as follows.. Fe5tiVY41 Fund AAY oi. more of the MJsoni¢ Charitabl¢ Institutions nianaged under the #brella of tl)e Masonic Cliar*table Fouodation (the Mcf). or SuGlI Non-masoiiic charities as the mettibers of the Asso¢ia¢ion shall froni time to tiikne decide by rtsolutioii. Shropsliire Futtd Foi. the Provirtctal Beliefit,. and Sucli Non-masonic chariiies as tile meinbcis of tlit Association sliall froni lime to time decide by resolution. In addition ttke Association holds ils own fiinds to SUPPOrt Shropshir¢ based Non-Mason(c charities and supporting ShrOpshi FIEemasons and tlieir tamili¢s in finalleial need. The Association has very c105e relatioiiships with the various Lodges and Chapters withiii the Provinee. The Iiicomt of the Associatioii is derived froii) tlie donations of the meinbers of tlie5e Lodges. togetliei, witli tl)e sybscriptioiis finI tlie Lodges and Cliapteys. Pmbllc beiiefit The trustees consider the objectives and aetLVlties of tlie association al'e of & publi¢ bthiefit. The ti'ustees ¢onfirm that they have ¢oinplied with the requirenients of section 17 of tlie Charities Act 201 I to Iiave due Irgard to ilie public benefit guidart¢e published by the Charity Conimission for England and Wales. Page 2
Sliropshire Masonic Charitable Association Ti'ustees, Report (contiiiued) Fingncial revieiv Following 8 I'cvK¢w of the terms and conditions of the Relief Cliest fiinds lield on Qui. behalf by the Mttsoni¢ Chai'itable Folliidation {MCFI, it was identifi¢d that once tliese funds al'e remitted to the Relief Lljests, they sliould not be recoi'ded withitt the ASslatIolI'S assets. They become assets of the MCF. An adju5tinenl has been Inade to coi'rect for this in the accoiiiits to remove £128,933 from oui. opening reserves as at 31 Decembei 2022. Tliis deci'eased the Assoctiaiion's funds bIligI)I foi'%vitrd as at 31 December 2021 by £81,274. Foi. the yeaT ended 31 Deecinbei. 2022 ineome was decreased by £28.306 in ¥espeei of donations illade diL'eCtly ¢0 tlie Relief Chests and 1Clea$ed donations aijd tsranis payable by £19,353 in respeci of ti]nds i'eiiiitted to the Relief Cljests. The total incorne iEceived by the AssociatlDn lia% reduced fiom £137.579 irt 2022 to £43,915 in 2023. This decl'e¢ is aiti'ibutable to the IEgacy income i'ecognised in 2022 of £IOO,000 {2023 legacy income £98). W¢ llave beth able to support IoGal tton-masonic Cknaritie5 and Shropsliire Fyeemasons and thetr fainilies in rinartcial need with the sum of £40,735 £37,660 of donations aiid grants io local charatics, £1,150 of regular grants and £1,925 of emergency grants. The investnienls lield on behalf of tlie Pointon Fore51 Glen Trust luve sliown a incTtase in value of 13V. Compared lo deci'ease of 12Uh in 2022. This rnoveineni ill value Jrfle¢tg the mail(eis at the time, and i5 due to a revaluation of the investments to market valu¢ as at the year end. Foi. the year ended 31 DecBJnbEI' 2023 the Association made a deficit of £23,373 {2022 - surplus £56,529 (restated)) and Trtt assets lolalled £302,654. The resiricted fulld ha5 increased by £4.323 fTOm £72,065 ts) £76,388. Tlie restricted fitnd is msde up of five funds.. 2023 2022 PatIn Fulld Fesuval Fwid 2030 IRC) Shropsliire Flliid (RC) TLC Accouni Eastei. E8g Appeal 46,213 15,486 3.430 10,267 992 44.318 4,268 14,53 1 7,676 1,272 76,388 72.065 Policy èli reservgs The Trnstees of the Association have adopted a iEseives policy Yegard&ng the iinrestri¢ted funds based on a target levtl of reseives to ittaintasn their level of chai'itable donations foi. a peiiod of three years. Invesliiielilpolicy lljid objgclives The irtiiffl on the funds invested remains low. The cominittee have reviewed alternative investiiients which may provide a greaier i'etum, but they ¢ai'ry a greater J'isk than Ilie current investments and the committee does not feel tlie poteiitial iiicrease in relurn wayraiits the exposure to the visk. TheirfoiE, tSie coimmiitee iDteiid8 to coniiiiue with their investnient policy Iwhich Yei)Jaiiis under regular rev£ewl and keep tlie funds on deposit. PIAns for future periods Al rtFidkey objeclivÉsforli4lureperiohs The AssociatioTr intends to continue obtaining fviidiiig foi. boih of its maiii funds and to make doiiations to Masonsc *id Non-MasonEc cliarities. Page 3
Shi'opshire Masonic ChAritAble Associatio Trustees, Report (eontinued) Tt'U5tec5 #nd offi¢ei's The triistees ajid otTicer5 Seing dui'ing ihe year artd since tlit year end were as follows.. Tiustees- J R Weavei. R Brooks A CadiiiaIJ A Clarke N Garavini R B Penibei'ion D P Price P Robijison R S P¥ice (appointed 14 Api'il 20231 J P Sliibbs (appointed 14 Api'il 2023) J D Thoma5 lappoiiited 14 April 2023) S R D Wesi-wynn l&ppoittted 14 Api'il 2023) K March (appointed 3 Septeniber 20241 S D Aucott Iresigfted 14 April 2023) D Foulkes Iresig4]ed 14 April 2023) D J Icettle (resigned 14 April 2023) P Mills (resigned 14 Api'il 20231 S Wilsoll Iresigrted 14 Apvil 20231 StrUctleY governance and Nulilie ufgovÉriiipig docEikpieiit The Association opeiates iii atcoiylance Nvith its By.Laws and is a Registered Cliarity wEth the Charities Coinmisston in Eiigland and Wales, i)uniber 216754. Tlie Tegistered address far the Asso¢iatiott is Freernasons Hall, Ciewe Street, Shi'¢wsbut'y, SYI 2HQ. Tli¢ business address is Dove House, Cockslilltt, Ellesiiiere. SY12 OJJ. Tlie 8y-laws of the Associatioll is the 'Shropshire Masoni¢ CliaTttable Association By.Laws" dated 2nd Septeniber 2020. Recriiitillenl aiid uppviiiliiieiilofirmstees Thei'e &re a numbej. of trustees that have been iii place for more tlian 9 years. The Association are constantly lookillg foi. llElV truslees. however, given the piityosc and objecÉivt5 of the Association theiE is a litnited Imai'kei, n?akin8 new trustees difficult io fiiid. Page 4
Sliri)p%hirL. MA%()IllL ch4iriliil)le A540CilItioD I'ustcLis' Ilcport (contlnuedl bl l.IILlid MLllihil'% Rl%k tsietor The ITll%tees h1{ ie qses%ed the jor risk% lo ii.hiLh th¥ A%%ocialioJi 1% LxposLd aiid aTC.¥ali%li¢d Ilial 4y%iei))S tsTe AppliL. J R W¥ai'Lr
lii-op%lilrL. M4lS()nii C'haritfjilili. A%s1)Liiitiiin Statcmeiil of 'frustees' Respoiisibilitlc5 .1 R WLI?I'Lr
Shropshire Masonic Charitable Association Independent Ei xaminer's Repol't to the trustees of Shropslillre Masonic Charitable Association l report to the trustees on Iny examination of the ac¢ouiits of Shropsliire Masonic ChaTjtable Association foi. the ycar ellded 3 l Deceijiber 2023. Respoiisibilities and b#sis of J'ei)ort As the charity trustees of Sliiopsliiye Masonio Cliai'itable As.90ciatioii yoii arc responsible for tlie preparation of the aceounts in accoi'dance with the I'equiY¢rnents of tlie Chai'itie8 Act 2011 ('the Act,). I report in respecl of rny exaniination of the Shtw)shire Masonic Charitable A550ciation's a¢counts carried out under .%tction 145 of the 201 l Act and in cairyino out my examination I have followed all the applicable DÉiections given by the Charity Coniniission iLndei' section 145{51{b) ufthe Acl. Independent exatlliner'5 StAtem¢nt I Iiave completed my exarniiiatioii. I confiixn that fio m&tei'ial matters have come to my attention in connection witli the examination giving me caiise to believe that in any illatei'ial respect.. actountit)g records were not kept iii respect of Sliropsliii'e Masonic Charitable AssociaÉion as re4uiied by section 130 of the Aci- or 2. the a¢¢ounls do not accord with tliose i'eeoi'ds. or 3. the accounts do not ¢omply witli tlie accuuntiiig reQlreIent$ concerllino tlie form and ¢ontetJl of accounts set ollt in die Cl)aritie5 (Accounts and Reports) Regulatiotts 2008 otlier than r¢quii¢ment that the accounts give a 'tYue and laii viewl which i5 not a matteT COttsider¢d as of independent examination. I liave iio concerns and have come aGross Ao other matters in connection witli the examillatioii to which attentioii should be dTawn in this repoit Sn order to enable a proper undeistanding of tlie accounts to be reaclied. Louise Osselton FCA CBSL A¢count8t]ts Limited ICAEW Rowan House Noiih l The Piofessional Quartei. Shrewsbury Busiiiess Park sI¢sbury SY2 OLG Date.. 28 OCbI Ztsz14 Pa8¢ 7
Sliropshiye Masonie Charitable Association Statement of Fiiiancial Activities for the Year nded 31 Deeember 2023 Unrufi'ieted funds Restricted funds Endowtiient funds Total 2023 Note Income and En(lowmetbt5 froiji: Donations and legaGies Cliarit3ble activ%ties Inve5tni¢nt income 2,683 6,698 1.909 32,625 35,308 6,698 1,909 Total iiicome 1,290 32,625 43,915 Expenditui'e on.. Chaiitable dcttvities 146,2971 130,L651 176,462) Total expenditure GaiTtsllosses on investment assets 146,297) (30,1651 {76,462) 9,174 9,174 Net (expenditureyincoitte Gross transfers between funds {35,007) 11.86.1) 2.460 1,863 9,174 123,373) Net moveiment in funds (36,8701 4,323 9,174 {23,373) Re¢oiJciliation of funds Total funds brougjit forward 137,309 72,065 16,053 326,027 Total fiiÈ]ds caTried forward 17 00,439 76,388 125,827 302,654 The notes on Pages i i to 23 form an integral of these financial statements. Page 8
Shropshire Masonic Cliaritable Association Statement of Financial Activities for the Year Ended 31 December 2023 (continued) The ¢omparative Stalenient of Financial Activities for ilie year ended 3 l December 2022.. Uiirestri¢ted Resti'icted Endowinent fun(ts rllnds Total 2022 £ (As I'estated) Note Income Aijd EiidowmeiJt$ fi-otn: Donatiolls and leua¢ies Charitable activities 103.557 4,883 2371 26,687 130,244 4,883 2,452 Investment tncome Total iiicoine 26,768 137,579 Expenditure on: Charitable attivities 43.465) {29,382) 72,847 Total expenditure GainOlosses on investnient asset5 143,4651 129,382) 172,847} 18,203) Net incom¢llexpeThditure) Gross transfers benveen ndS 67,346 10,396 (2,6141 10,396 {8,2031 56,529 Ne¢ movement in funds 56,950 7,782 18,203) 56,529 ReconcilÈation of funds Total futtds brought foiw&.d Total funds carried forwai'd 80,359 64,283 124.856 269.498 17 137.309 72,065 156,653 326,027 All of the charity's activities derive froni Continuifftg operatiotts during the above two period5. Tlie funds breakdown for 2023 and 2022 is shown in note 17. The notes ot) pages l l (0 23 foi'm an integral part of these financial statements. Page 9
.Sliropsliire Mas011ic ClIArit<ible As4oc'iatiTr {ReLJlstration iiumber: 216754) B4ilÉlnCC' .Slicct Ils Al .11 DecLI)Ihi'r 2023 2023 2022 £ IAS reslited) 71.X22 C.'Lirt'enl J5511% ?.479 DLbior5 720,9XI 1.$7.205 257.2(JS NL't ciirrent sl%.*L15 ?54.205 et l%5(,t¥ ot. tlie chai'ih.: 12i.¥27 RI$triLled incumL. lunds 76.-18R 72.011£ 100,4_39 T¢btnl fiin(Is 3U? ()£4 J R IVLiii'ir Trii%lLL
Shi'opsljire Masonic Charitable Association Notes to the Financial Statements for the Year Ended 31 December 2023 l Accounliiig policies St*t¢meTht of compliaiice The financial siatemenrs liave been prepared in accordance with the AssoctatioTr's By-laws, the %eeond edÉtion of the Cliaritses Siattment of Retoiyimetided Prnctice issued in O¢tober 2019, the FillanciRI Repoiting Staiidard applicable itl th¢ United Kingdom and Republic of Ireland (FRS 1021 aiid the Cl)arities Act 2011. Ba515 of pi'epaw#tion Slirupthire Masoiiic Chai'itable Association nieets the definition of a public b¢ncfit entity under FRS 102. The accouiits Itinim¢ial $tatemeMts1 have been iirepared under the historical Cost conventioi) with items i'ecognised &t cost or transaction value iinl¢ss othejwise stated in the relevant llotelsl to these accoiints. The finan¢Éal slateiiieiits are prepared it) slerlina wliich is the functional cyrrency of the Association. Monetary amouiits are rounded lo tlie ne¢St £. Golng concern The tt'(Istees consider that there are no Material un¢¢iiainties about the charity'5 abElity to Continue as a going PTloi' period ei'yors Following & review of tlie $ and conditiotts of tlie Relief Cliest funds held on tlie A5so¢iatiott's behalf by tht MasoDiC Cliai'itable Foundation IMCFI, it was idet]tified tliat once these funds are remitted to tlie Relief Chests, tlJey should not be ircoi'ded within the Association's assets. Ali adjustment lias been posted to COlTect foi. tliis in the acco(EnÉs to remove £128,933 fiDm the opening reserves at 31 DectEnber 2022. Tliis adjustment decreased funds as at i l D¢¢ember 2021 by £81,274. For the year ellded 31 DecenTrber 2022 income was decreued by £28,306 in respect oldonations Inade dii'ectly 10 tlie Relief Chests and iiicrea5ed don&lion5 and gronts payable by £19,353 in respect of fundg reniitted to the Ilelief Che5t5. Relating tts Rel2tiiJg to RelatÉiig to prioi. pei'iods tlit eurreMI the pi'ioi. befoi'e the pei'iod period prior period iselosed i disc105ed In di$tlosed in tliÈst fingneialthese financialtlie5e fijiaiieial 5txiem¢nts stalements stgtenient5 C8sli at bank 1128.933) 14,790) {76,4841 {28,306) 19.353 81,274 {4,790) 176,484) Shropshire Fund IRC) funds Unreslricied funds Dona¢ions in¢ome Donatioiis expenditure Income eijdowmttils Volunt8¥y incoime includillg donalions, gtfts, legacies and grants that provid¢ ¢ore funding oi. are of a geDeral nature is r¢coglli5ed wlieii tlie cliarity lias eiititlement lo the incoine, it 15 probable Iliat ilie income will be recetved and the &tnount can be rneasui'ed with s1GIeNt reliabiliry. Page I I
Shropsliire Masonic Charitable Association Notes to the Financial Statements for the Year E4 nded 31 December 2023 (continued) Donolioiis ajidlegucles Donatioiis and l¢giitits are recosni5ed on a receivable basis whell receipt is probable and the amouiil Can be liiveslpievt iiicoiiie Inleirst on fiind5 lield on depostt is incliided when ¥e¢eivable and the amount can be ineasuied ieliably by tlie charity. this is nonnally upon notifi¢&tioii of tlie iiiterest wdid or payable by Ilie bank.Dividends &i'e L'ecognised once the dividend lias been declai'ed at)d tiolification lias been i'eceivtd of the dividend due. Expenditure All expenditure is re¢oonised onee there is a legal or constructiv¢ obligation to that expendilure, it is probable settleinent is reqiiired and the 2tMount ¢#n be measuiEd reliably. All costs aiE allocated to the applicable ¢Ypenditui'e lieading that aggregaie similar costs to that category. Wheir costs cannot be directly atti'ibuied to particular headinss tlie>' liave been allocated a basis consisttttt with the use of resources, with central staff costs allocated on tlie basis of tirne spent. and depreciatioii cliarges allocated on tlie portton of tlie asset's use. Otlier support cosis ai"e allocated based oil the spread of staff costs. Chui'iluble Ue¢ivilies CSiaritable expenditure compiises those costs incurred by the chai'ity in the delivery of its activities and scrvices for its beneficiai'ies. It irteludes bo¢li costs that cary be allocated direcily to such activities and those costs of an ind(rect nature necessary to support them. Support eosls Support costs are those incurred irt connection with olsatIOnal athninistration and have been allocated to aetivity ¢OSt categories on a basis eonsisteni with the use of re50UTces. GovernAnce costs These iiiclude the costs attributable to th¢ ¢liaYity's eotmpliance with constittilional and statlllory requirements, inc[Lidi£ audit, strategE¢ manage1¢llt and tnistees niteting5 and reiinbiirsed expenses. Taxatlon The ehai'ity is considered to pass the test5 set Oul irt Paragrapli I Schedule 6 of the Finance Act 2010 and theyefoi'e it meets the definition of a cliai'itable compatty foi" UK corwi'ation tax puiposes. Accordinglyj the charity is potentially exenipt fffl taxation in respect of incoine or capital gairts reccived withiii Catc071t5 coveird by Chaptei. 3 Part I l of tlie Corporation Tax Ael 2010 or Sectloll 256 of tlie Taxatitsn of Cliargeable Gains Act 1992. to the extent that sii¢h incon]e oi. gairts are applied ex¢lus&vely to chftritablt purposes. Fixed 5tt Èiivestments Fixed asset investrneTrt5, oiher t1 pro8iHninie related inve8thients, are included at mai'k¢t value al tlie balan¢e slieet date. Realised oain5 and losses on investmeiit5 are cal¢ula¢ed as tlie diffeiEnce between sale5 pifj¢e¢ds and tli¢ii' nTrarket value at the start of tlie year, or tlieir subsequent COSL and are charged or credÉted to die SialeL?ietkt of Financial A¢tiviti¢s in the pei'iod of disposal. Uni'ealised gain5 and losses repiEsent tlie illDven)ent iii market values during the year and av¢ credited or ¢hw¥ed to the St2tement of Finan¢ial Activitie5 based 011 the It)ai'kei value at the year end. Pag¢ 12
Shropshire Masonic Charitable Association Notes to the Financial Statements foi. the Year Ended 31 December 2023 (continued) Sto¢k Stock is valiied at tlie lowei. of cost aiid estimated $ellillg pi'ice less costs lo cDmplele and sell, after due regard for obsolete and slow moving stocks. Cost is deteiynined using Uie fItst-, first-oiit {FIFOI. Cash And cxsli equivAlents Cash &nd cash equivalents comprise ca511 ort liand and c211 deposits, aiid otli¢r sliori-tenii liiglily liquid iiivestrnents tliat aiE readily conveiX5ble io a known aiiiount of casli and are subject lo an insi81i5fieatii i'isk of chaii8e iii value. Fund $ti'ucture Unrestricted income funds are genet71 tunds that are available for iise at the trustees discretion iji furtlierallce of the objectives of the charity. Restricted income funds are those donated for use in a particulai. area or for specific purposes. t]ie use of whi¢ is i'eslricted to that area oi. purpose. Endowttient funds are subject to specific conditioiis by donors that the capit81 must be maintained by the Associatiot). Fln2titixl instruments Classificolioii Fsnan¢ial assets aFLd finaticial liabslilies are re¢ognised wben the chai'Ety kcornes a party to the conlTactual provisions of the instrument. Financial liabilities and equity instrunients are classified according to the substance of the ¢ontra¢wal arrangemeiits entered into. An equit), iiistruinent is any contract tliat evidences a r¢sidual int¢St in the assets of the cl)ai'ity aftei. dedttIng 811 of its liabilitics. Recogiillloii uiidNieusEire1il1l All finan¢ial assets and liabilities are initially nieasured at traiisaction price {includkng transaction costs). ¢x¢ept for tliose fillCial 2sset5 olagsified as at fair valut tliiDugli pi'ofit Dr loss, which at't initially measured at fail. value Iwhirh is normally tlie ti'an5action pi'ice excliidin8 transaction ¢o$lsl, unless the aiTangement Constitutes a rillancing tran5aclion. If an ai'raniycnient constitutes a financing l¥anso¢tioii, the fiijancial asset oi. fiijwicsal lÉabrlity is measuied at the present value of the future payinents discourtted a¢ a market rate of iiiteiE5t for a siniilai. deb( iiistrlliiient. Financial assets and liabilities are only offset in the statement of fiiiant121 position when, and only wliell there exists a legally eiiforceable i'iglit to set tjff tlic rccogniscd ainounls and the ch2rily intends eitlier to settle on a net basis, oi'to realise iht asset oiid settle the liability simultwieollsly. Financial assets 4)re derecogllised when and oiily wl)en al the coiitractiial riglits to tlie casl) flows froin the rinancial asset expire or aiE settled, bl Ihe cliarsty ti'ansfers to anotlier pary siibstantially all of the rislis and rewards of ownership of tlie financial asset. oi. c) Ihe charity, despite haviiig retained soiiie, but noi all, significant Jrysks and rewards of ownership, has transferred control of the assei to aiiother party. Financial liabiliiies are d¢regnised only wlien the obligaiioii sp¢¢ified in the contract 15 discliarged, cancelled or expiit5. Page 13
Sht'opshii'e Masollic Charitable As50¢iatio Notes to the Fiiianeial Statements for tlie Year Ended 31 December 2023 (eontinued) 2 Ineome fron] doiiitlODS and leg*eles Uniestricted funds Getier91 Re5ti'ieted fund$ Total 2023 Doi)ations and legacie5', Donations (ron) it)dividuals Legaoi¢s 2,585 98 32,625 35,210 98 2,683 32,625 35,308 Unrestricted furtds General Re5ti'ieted fuMd5 TotAI 2022 Donations and legacies., Donations from individuals Legacie5 3,557 100.000 26,687 30,244 100,000 103,557 26,687 1.11),244 Donations analysed by Fund.. Unrestricted funds GenÈr91 Restrleted funds Total funds Donations- Pati'otl Fund Festival 2030 IRC) SliropsliEre Fiind (RC) TLC App¢al Shropshire Funds- unr¢5ti'icted Total for 2023 1,895 16,814 3,430 10.486 1.895 16.814 3,430 10,486 2,585 2,585 32.625 35,210 Total for 2022 103,557 26,687 130.244 t£oa¢ies analysd by Fund.. Uni'e5tr5eted fund5 Generfil TotAI fun(ts Legacies I'eceivable.. Shropshire Futtds- nStrICted I'otal for 2023 98 98 98 98 P4g¢ 14
Sliropshire Masonic Charitable Association Tr4otes to the fi inancial Statements for the Yeai. Ended 31 Decejnber 2023 (eontinued) J lllconie from ehaiiiable attivi¢Èes Uni'estricted funds G¢Neral 'rothl 2023 Totfil 2022 Regalia and r¢lated product sales 6,698 6,698 4,883 Uni'estricted funds Genei'sl Tot81 funds Sales of regalia Commissions re¢eivable 4.520 2,178 4,520 2,178 Totgl for 2023 6,698 6.698 Total for 2022 4,883 4,883 4 Investtnent ineome Unrestrleted fund5 General Restricted fund5 Tol%l funds Income from divid¢nds' Dividends itceivable fiDn) other listed investiD¢nts 1.909 1,909 Total foi. 2023 1,909 1,909 Totgl for 2022 2,371 81 2,452 Page IS
Shropshire Masonic Chai'itable Assotlation Notes to the Fiiiancial Statemeiits for the Year Ended 31 December 2023 (continued) 5 ExpendÉtuie oil ¢li#i'it*ble activitles Unte5ti'icted funds Restricted fullds Toial fuii(Is Note Regalia and related product sales Donatioiis and graiits Allocated siippoi'l costs Govei'nallce c05t5 2,272 40,735 662 2,628 2,272 70,900 662 2,628 30,165 Totg1101' 2023 46,297 30,165 76.462 Total foi. 2022 43,465 72,847 U¥hresti'icted funds Gertti?I Restrleted fund5 T(JtAI 2023 TDtal 2022 £ (As restated) 852 7.584 690 1,755 15,017 4,336 38,300 3,075 1,238 Regalia piiirhlses DiTecl costs- TLC Direct co$ts- Easter Eggs Donations . Central Fund Geneial Dtsn&tions- Festival 20)0 IRC) Donations- ShLDpshire Fund (RC) Donatioiis- iinresti'ieted Allocatcd SUPPDri costs Gov¢inanee costs 2,272 2,272 9,758 280 9,758 280 5,596 14,531 5,596 14,531 40.735 662 2.628 40,735 662 2,628 46.297 30,165 76,462 72,847 Page 16
Shropshire Masonic Cliaritable Association Notes to the Financial Statements foi. the Year Ended 31 Deeember 2023 (continued) 6 Analysis of goveni#nee aiid SUPE)ort costs Support Costs allocated to charitable 9Ctivitie5 Administration costs Total 2023 Tot41 2022 Rent Printing. postage and stationcry Accoiinian¢y fees 570 92 570 92 570 162 2,343 662 662 3,075 Governance costs Uijresti'icted fuikds Genei?I Total 2023 Total 2022 Independent examilleT fees Examirt8tion o(the financial statements Trustees r¢miineralioii and exp¢n5es Legal ftt5 Other govei'nance costs 1.800 1,800 406 332 90 750 488 332 1628 2.628 1,238 7 Net incomÈrtglolltgoing re50UI'C¢S Net loulgoingyiiicoiiiiiig resources foi. the year include.. 2023 2021 Unvealised gainsllosses on illvesim¢nt assets 19,174) 8,203 8 Tru5tee5 remunergtpon And expenses Duritkg the ye&r tlie chaflty Iade the following tl$actiOnS willi trustees-. £408 {2022.. £4881 of expenses were reimbutsed ID diiring the ye. Two iknembers of the trustees conin)ittee were r¢inibviEed for expenses iCUrred in the year. These payiiienls wele prtniarily for printin poslarre and stationery eosls incurred. ND Ii'LlStees, iior afty p¢i'sons eonnected witli thein, have i'eceived any remiineration from tlie chai'ity duritkg the year. No tste¢S have r¢¢eived ally o¢lieT bentfits froni the charity diiring the year. Page 17
Slii'opshire Masonie Charitable Association Iyotes to the Financial Statements for the Year Ended 31 Decembei. 2023 (eontinued) 9 Staff costs Tlje Association has no employees in the ciirrent or pi'ior yeai. No employce received eiiiolumet)(s of more tlian £60,000 durit)g tlie year 10 Independent examiner's i'emuneratiort 2023 2022 Examination of ihe financi statements 1,8(bO 750 I l Taxation The cliai.ity is a registered charity and is therefore exen)pt from taxation. 12 Fixed asset investinents 2023 2022 Other investments £0,996 71,822 Othei. investments Listed investmejits Total Cost or Valuatio At l Jaiiuary 2023 Revaluation 71,822 9,174 71,822 9,174 At 31 DecEInber 2023 80,996 80,996 Net book valve At 31 Deceniber 2023 80,996 80,996 At 31 Decen1ber 2022 71,822 71,822 13 Stock 2023 2022 Stocks 2,479 Page 18
Slii'opshii'e Masollic Charitable Association Notes to tlie Financial Statemeiits for the Yeai. Ei iided 31 December 2023 (continued) 14 DebtoY$ 2023 2022 Other debioiB 100,IMIo 15 Cash aiid exsh equivaletits 2023 2022 £ {As I'estated) 149 157,056 Casli on hand Cash ai bank 103 220.878 220,981 157,205 16 clditOrs. arnounts falling due witliin one ye%r 2023 2022 Acciii&ls 1,802 3,000 Page 19
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Shropshire Masonic Charitable Associatlon Notes to the Financial Slatements for the Year nded 31 Deeember 21)23 (continued) Tlie specific purposes for wlii¢h the fLd$ are tr> be applied 8re as follows.. The restricted fund is Ixade up of five funds.. tlie Patron Fund, Festival Fund 2030 (Relief Chest), Shropsliire Fund (Relief Chesi). the-feddies for Loviiig Cat? Account {TLC Account) aiid tlie Easter Egg Appeal. The PatiDn Fund is a discreiionary fiind for tlie Provincial Gialld Master TrGM)- Tlie tiustee5 decide at the AGM liow mucli of tlie tnetnbErs doiiations air allocated to ilie fund. Festival F'ud 2030 (Relief Chest) aDd ShropshiiE >und (Relief Ches1} air fiinds received by the Association to be paid across lo the MCF Relief Cliests in respect of tlie Shropshire Fuiid foi. futui'¢ distributions tts Shrvpsliire charitie% 8nd the Fcstival Fund to suppoit Charities, Naiion81 and IntematiOn41 Disaster Aid and to provide assistance ID Families and Masoni¢ lembers. The iniste¢5 decidc at the AGM how ii)ucl) of the iiienibers, donation5 are 811ocated to each fund. TLC Account is to teddy bea¥s given lo every cliild irt l)ospital or attending at local accsdent and emergency centres. Easter Egg Appeal is to puirliase East¢r eggs and distribute tljem lo d2sadvantaged child¥eo in the Piovillce of Shropshire. The transfer between fLEnds relates to general donation received to be allocated to the TLC Account. Endownient fullds represent asscls which must be held permanently by tlie Associatioll. Inconie arising on tht endownent funds can be used in aecoi'dancc with the obje¢ls of the Assoc5ation and Is included as unresiri¢ied it)come. Any capital gai11s or losses arising oil tlie assets form part of tlie futtd. The endowniellt fund is made up of two funds= the E A S Barnes Twst and th¢ Pointoll Forest Glen Trust. Both fiillds wett donated to tlie chariry to piN)vidE in¢ome from the Enwestment of the funds, assets. 18 Analysis of net assets betiv¢eii funds Uni'estricted fuiids General EndowmeiTrt fuiids PeYnianeDt TotHI funds at 31 Dee¢mbeY 2023 Resti?cted runds Fixed asset investments Current assets Cuj'itnt liabilities 80,996 44.831 80.996 223,460 (1,802) 102,241 11,802) 76,388 Total net assets 100,439 76,388 125,827 302,654 Unrestrieted EtLdowment fund$ Permanent 'rotal funds at 31 Deeeinber 2022 £ (As restAÉed) 71,822 257,205 13,000 Rtstricted fund5 General Fixed asset investments CuiTent 3SStIs Cui'rent liabilities 71,822 44,831 140,309 (3.000 72,065 Total nei ass¢ts 137,309 72,065 116,653 326,027 Page 22
Slii'opshii'e Masonic Ch?ritable Association Notes to the fi iiiancial Statemeiits for tlie Year Ended 31 Deeeinber 2023 (continued) 19 Noii-adjustiijg events after tlje finaiicial pei'iod Sillce the yeai. end the Association was ntstified of fuyiher monies receivable from tl)e J E Platt legacy of £30,000. Thi5 will be vecognised in the year ended 31 tkeember 2024. Page 23