Charity i'egistration niiinber.. 216754 Shropshire Masonic Charitable Association AN]ual Report and FinaTrci&l Statements for the Year End¢d 31 Decetnber 2024
Shropshire Masonic Charitable AssoeiatioTh Contents Reference and Adininistrative Details Trustees, Report 2to5 Statem¢nt of Trustees, Responsibilities Independent Examiner's Report Stateinent of Financial Activities 8t09 Bal&nce Sheet 10 Notes to the FllMn¢ial Statements 11 to23
Shropshir¢ Masonie Charitable Association Referenee and Administrative Detail Trustee5 J R Weaver R Brooks A Cadman A Clarke N Garavini B Peinberton D P Price P Robinson R S Price J P Stubbs J D Thomas S R D West-wynn K March Charity RegistratTon Numbe 216754 Prineipal office Fi'eemasons Hall Crewe Street ShFew5buiy ShTopshire SYI 2HQ CBSL Accountants Liinited Rowan House North l The Profession£tl Quaiter Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG Independent Examiner Page I
Shropshir¢ Masonic Charilable Association Tru5tees' Report The trnstees present the annual repoit together with the financial stateinents of the chai'ity fo¥ the year ended 31 December 2024. Objectives aiid activities Objecls Niifl ffiiiis The genei'al objects of (he Association air to increase the ainouiit, and render mol'e effective the colltIOn, applicatton and adininistt'ation ofthe funds raised in the Province of Shropshire for Mosonic and Non-masonic charitabl¢ purpos¢S. To achieve this two fi2nd5 have been established. called irspeLtiYely the Festival Fund, (fomerly 'Central Masonic Charitable Fund, (Cenlrol MCF)) and the 'Shropshire Fund, (formtrly 'Shrop5hire Mastrnic Charitable Fund, (Shropshire MCFI). The funds consisi of all donation5 and annual 5ub5criptions paid to the Association. The allocation ratio of ieceipts between the Festival Fund and the Shi'opshtre d is approved by the meillbers at the Annual General Meetiiig of Ili¢ Association. These Funds are held as lielsef Chests by the Mk)sonic Ch'Itable Fotindation. The Funds are applied as follows.. Festival Any oi. more of the Masonic Charitable Instimtions Inanaged und¢r the umbrella of the Masonic Charitable Foundation (the fy4CF)' or Such Non-Masoni¢ charities as the members of the Association shall from time to lime decide by resolution. Shropshire Fund + Foj. the Provincial Benefit-, and Sucli Non-masoiiic charities as the men)bers of the As5Dciation shall from time to tiine decide by resolution. In addition the Association Iiolds its own fiinds to support Shropshire based Non-masonic cliBflties and siipporting Shropshire Fieeinasoiis and their families in financial need. The Asso¢1atKo has veiy c105e Yelationships with the various Lodges and Chapters within the Pi'ovince. The lllcoine of the Association is derived froin the donations of the inenibers of these Lodges, together with the subscriptions from the Lodges and Chapters. iblic beiiefit The trustees conssder the objeciiyes and activities of the association are of & public ben¢fiL Th£ trustees confii'jn that they have complied with the reqiiireinenls of section 17 of the Charities Act 2011 to have diie i'egard lo the piiblic benefit gEiidanc¢ published by the Chai'ity COl1$s1on for England and Wales. Page 2
Shropshire Masonic CharAtable Association Trustee5' Report (continued) FiiiKneial revieiv The total incoine received by the Associatioii has increased duriE]g the yeai. from £43,915 Én 2023 to £120,171 in 2024. Thi5 in¢lud¢s legacy incoine of £31,094 in 2024 (2023 £981. We have been abl¢ to support local non-masonie Charities and Shi'opshire Freeinasons and Ilieii. familiE5 in fantial need with th¢ sun) of £13.900, which was Inade llp of £1 1,750 of donations and grants to IDcal charities, £500 of regular &Yants and £1.650 of emergency grants. We have also given support to non-MasonÉc Charities by Makll donativn& fr()m our Shropshire Relief Chest of £14,500. We 501d the listed investments, which were a Pennarkent endowment froin the Pointlin Forest Glen Trnst at a loss of £30,751 (compared to the i]]"kEt value they wei'e hcld at 31 Deceinber 2023) and the monies received are now held in a 95 day notice bank account. For the year ended 31 December 2024 the Association inade a net deficit of £19,428 {2023 £23,373) &nd net as5¢ts totalled £283,226. The I'e5tricted fiinds have reduced by £7,858 totalling £68,530 at the year end. The Ir$tri¢ted fund is made up of six funds.. 2024 2023 Patron Fund Festival Fund 2030 (RC) Festival Frtd 2030- management Shropshir¢ Fllnd {RC) TLC Account Easter Egg Appeal 19,706 9,251 29,325 46.213 15,486 3,430 10,267 992 9,690 5_$8 68,530 76,388 Poll¢y oil reserves The TiSteeS of the Associalion have adopted a reserves policy regarding the unrestricted fvnds based on a tai'get level of reseives to maintai5) their level of charitable donations for a period of three years. Unrestricted funds at 31 December 2024 totalled £119,620. Ipivesliiieiilpolicji rtiid objectives l-he returii on the fulld5 invested reinains low. The cornmittee have reviewed alternative investments which may provide a giEatei' return, but they cai'ry a gi'eaÉer risk than the current inv¢stnieTrt5 and the coinmittee does not feel the poterhtial Enci'tase in return wari%nls the exposure to the risk. Thei'cfore, the coininiltee intends to continue with th¢ir V¢snent policy (which remains iindei. regular I'eview) tknd keep the fund5 on deposit. Plglls for tre periods Aliiis rtii(Ikey objecliwesfurfiiliireperi0rf5 The Association intends io continue obtaining funding for both of it5 main fthnds and to make donations to Masonic and Non-mosonic charitie5. Page 3
Shrop5hire Masonic Charltable Association Trustees, Report (continued) Trllstees and ol¢tr$ The trustees and officers serving during the year and since the year end were as follows.. Trustee5'. J R Weavei. R Brooks A Cadtt]an A Clarke N Garavini R B Pemberton D P Pi'ice P Robinson R S Price J P Stubbs J D Thoinas S R D We5t~Wynn K Mairh (appointed 10 December 2024) Struelurel governallce amd mAiiagement NtTlure ofgoveriilNg dociiiiieiil The AssociatiotE UPeTdles in ac¢oi'dance with its By-Laws and is a Registei'ed Charity with the Charities Commission in En¥land and Wltles, number 216754. 1.he i'egistered address for Ihe Assoeiation 15 Freemasons Hall, Crewe StlEet, Shrewsbury, SY12FIQ. The business address is Dove HOLt, Cockshutt, Ellesmere, SY12 OJJ. The By-laws of the As50cialion is the "Shi'opshire Masonie Charitable Association By-Laws" Septeinber 2020. dated 2nd RecriilÉniÉiil lid fippoiiitsiieiii of irusiees Their ar¢ a nuinber of trustees thai have been in place for Inore than 9 years. The Associatickn are constantly looking for new trystees, however, given the purpose and objective5 of the Association their is a lirnited market, making new trustees difficult to find. lii¢liietioii aiid iraliiiiig ofiriislee5 The Association has established induction procedures. New M15tees a]E givetj information on chariiy and trustee responsibilities together with informatioii about the Associatiot), its history and its plans foi. the fiiture and its C0Tr8titution. Includcd is an explanati021 about how the As50ciaiion's affairs ale conducted on a day-to-day basis. New ti'ustees meet key COMIttee meinbeTS as part of the InductEon procedure. The Trustees are fainiliar with charity govei'ttance through other work that they do and they ensuiE the Trustee body is updat¢d as appropriate. Page 4
Shropshire Ma50nic Chari¢#ble Assoeiation Trustees, Report (continued) Orgftiilsnlio11fj151riieiiire The Pati'on of the Association is the Provincial Grand Masl¢r. Tlie general managem¢iit of the Agsoeiation is conducted by a cominitlee consisting of the following ex-officio and elected Ineinbet3- a) Ex-officio Meinbers - The Patron, Chaimian, Secretary and the Ti'easurer. b) EleKtcd Mernbers - Five mcmbcr.E elected at (he Aiinual Genejal M¢etitLg being Charity Stewards of any Lodge entitled to benefits of Inembership undei. the By-Laws. The coininittee shall Ineet as ld when the Chainnan may consider neccsswy or upon a requisition addressed to the Secretsry and signed by the Patron and at least five members of the cominitlee. At any Ineeting of the coinmittee, five Inember5 shall fom a quorum. Rlsk fg£tor5 The trLiStees have assessed the major risks to which the Asso¢iatiotl 15 ¢xposed and are satisfied that systems are in pla¢¢ to mitigate exposur¢ to the these risks. Applleolloiiforfuiids Application for assistance of the Association Inay be made through the Master and Officers of ally Lodge in the Pi'ovsnce entitled to the ben¢fits of membership. All applications air made to the Secretary of the As50¢iation. who shall then refer it to the committee. The annual report was approved by the trustees of the charity on and signed OD its behalf by: J R Weaver Truste¢ Page 5
Shropshire Masonic Charitabl¢ A8s0¢iation Statement of Trustees, Responsibilities The trustees 8Te v¢spoiigible for preparing the trustees, report and the financial slatemenis in accordance with the United Kingdoin Accoiintiiig Standards (Unit¢d Kingdom Generally Accepted Accoun(ii)g Practice} and appli¢&ble law and regulations. The law applicable to charities requires the trustees to prepare finEncial statetnents foL- each fiiiancial yeai. which give & tiue and fail. view of the slate of affairs of the charity and of the incort]ing resource5 and application of reso(Ii¢es of the charity for thai period. In prepariDg tliese fiiiaDcig1 stalctE]ents, the trustees are L'equired io.. 5elc£t Sultable a¢eDUllting policies and tlien apply thein Coiisistently. ob5ei.ve the meihods and prtnciples iii the Charities SORP; make judgements and estimates that are reasonable and prudent., stats whether &pplioable accounting standards have been followed, Subject to atky mttterial dcpartures disclosed and explained in the financial stateinents: and prepare the financial statements on the going con¢erTh basi5 unless it is inappropriate to presume that the charity will continue business. The trust¢es are responsible for keeping proper accounting records that disclose with reasonable accuracy at any titne the fjnancial position of the ¢harity and enablc them to ensure that the fanCIal statemet8 coinply with the Association's By-law5, Charities Act 201 I, thc c.harities {Accounts and Reports} Regulations 2008. and the provisions of the constitution. The trustees arc also rcsponsible for safeguardllig the assets of the charity and hence for taking rea50nable steps for the preyention and detection of fraud and other irregularities. The trustees are responsible for Éhe tnaintenance and tegrity of the corporale and financial information included on the Lharitable company's website. Legisl&titrn governing the piyparation and disseinination of financial statemertts Inay differ from legislation in other jurisdictions. Approved by the trustee5 of the Charity on ... signed on its behalf by.. J R Weaver Trustee P3ge 6
Shropshire Masonic Charitable Association Independent Examiner's Report to the trustees of Shropshire MA50nie Charitable Association l pOrt lo the Ii'ustee5 an Jny exaininatiot) of the accounts of Shropshire Masonic Charitable Association for the year endtd 31 Deceinber 2024. Responsibilities and basi5 of repoi't As the chai'ity Iru5tEes of Shropshire Masomic Charitable Association yoll are I'esponsible for the preparation of the accounls in accordance with the I'equireinents of the CharÈties Act 2011 ('the Act,). I report in respect of tny exaEnin&tion of the Shropshire M?sonio Charitable Asso¢iation's accounts carried out ut]der section 145 of the 2011 Att and in cariying oul niy cxamination I have followed 211 the applicable Directions given by th¢ Chayity CoLlltn155ion undei. section 145(5)(b) of the Act. Independent examiner's statement I have compl¢ted my examination. I confirin that no IDat¢rial matters have come to my attention in connection with th¢ examination giving Ine cause to believe that in any materÉal respecr.. accoimting records were not kept iTL respect or Shrop5hire Magonic Charit&ble Association as requiiEd by section 130 ot the Act- or 2. the accounts do not accord with those records. or 3. the accounts do not comply with the accounting I'equirements concen]ing th¢ form and content of account5 set out iii the Chai'ities (Accounts and Reports) Regulations 2008 other than any r¢quirement that the accounts give a 'true and fair view, which is not a motter considered as part of an independent examination. I have no concerns and have come across no other matters in Connection wEth the exan)ination to which attention should be draw in this repoTt in Order to enable a proper understanding of the aecounts to be reached. Louise osselton fcA CBSL Accountants Limited ICAEW Rowan House North l The Professional Quarter Sh]rw5buiy Business Park Shrewsblliy Shropshire SY2 6LG D&te'. Pag¢ 7
Shropshire Masonic Charitable Assoeialion Statement of Financial Activities for the Year Ended 31 Deeember 2024 Uni*JlrictEd funds R¢stri¢led runds Endowment ruiids Total 2024 Note Intome and Endowments frorn: Don8tions and legacies Charitable activities Investtnent income 31,681 3,420 5,538 72,956 6,576 104,637 9,996 5,538 Total incoine 40,639 79,532 120.17 Expenditur¢ oil: Charitable aclivities {19,074) (89,774) 108.848) Total expenditure GaiTr4losses on investment assets {19,074) (89,774) {108,848) (30,751) (30,751) Net incomellexpenditure) Gros5 transfeTS between ttds 21,565 (2,3841 (10,2421 2,384 (30,751) (19,428) Net movement in funds (7,858) (30,751) {19,428) Reconciliotion of funds Total funds brought forward I'otal funds caii'ied forward 100,439 76.388 125,827 302,654 16 119,620 68,530 95,076 283,226 The notes on pages I I to 23 foT]n an integyal part of thc% financi81 stateinents. Pagc 8
Shropshire Ma50nic Charlltable A8soeiation Statement of FAnaueial Activities for the Year Ended 31 Deeember 2024 (continued) Th¢ comparative Stateinent of Fii)ancial Activities for the yeai. elided 31 December 2023.. Unrestricted Restricted Endowjnent funds funds fund5 Total 2023 Iyote Iiicome And Endowmeiits from: Donations and legacies Charitable activities Investment income 2.683 6,698 1,909 32,625 35,108 6.698 1,909 Total in¢oine 11,290 32,625 43,915 Expenditure on: Chai'ttable activities 46,2971 (30,1651 {76.462) Total expenditure Gainsllosses on investmeni assets (46,297) (30.165) {76,4621 9,174 9,174 Net (expenditure)lincome Gr05S transfers beN'een ftinds (35,007) (1,863) 2,460 1,863 9,174 (23,373) Net movement in funds 136,870) 4,323 9,174 (23,373) Reeonciliation of funds Total funds brought forward 137,309 72,065 116,653 326,027 Total funds carried forward 16 100.439 76,388 125,827 302,654 All of the charity's activities derive from continuing operations during the above hvo periods. The fi]nds breakdown for 2024 and 2023 is shown in note 16. The notes on pages I l 10 23 forin an iiite¥ral p1 of tht5t financial stateinents. Page 9
Shropshirc Ma50nic Charilable Association (Registration number: 216754) Ilalance Sheet as at 31 December 2024 2024 2023 Note Flxed ass¢t5 Investments 12 80.996 Current aS5e(5 Stocks Cash at bank and En hand 13 6,476 278,575 2,479 220,981 14 285,051 223,460 Creditois: Amounts falling due within one year (1,825) (1,8021 Net current assets 283,226 221,658 Net assets 283,226 302,654 Fund5 of the charity: EndoWent funds 95,076 125,827 Restricted income funds Restricted funds 68,530 76,388 Unrestricted income fund5 Unrestricted funds 119,620 100,439 Total funds 16 283,226 302,654 'rhe fina i&1 stateinents on pages 8 to 23 were appi'oved by the trustees, and authorised for issue on J R Weaver Tiustee The notes oil pages I I to 23 for1 an inte¥ral part of these fiThancial slateinent5. Page 10
Shropshire Masonie Charitable Association Notes to the Financial Statements for the Y¢Rr Ei nded 31 December 2024 Aeeounling polieies Statem¢iil of cornpliance Tlie fsthancial stateineiits have been prepared ii) accordance with the Association's By-laws, the second edition of the Charities Stateinetlt of Recommended Practice issued in October 2019, the Financial Repoiting Standard applicable in the United Kingdoin and Republic of Ireland (FRS 102} ond the Charities Act 20 11. Basis of preparation Shropshire Masonic Charstable Association meets the definttion of a public benefit entity under FRS 102. The accounts (fiDancsal statements) have been prepared tindeT the historical cost coiivention with items recognised at cost or transaction value umless othenvise stated in the relevant note(s) to these a¢count5. The financial statements are prepared in 5terlin4 which is the functional currency of the Association. Monetary amounts ar¢ rouTkd¢d to the nedi'est £. Going toneern The trustees consider that there are no material unceilainties about the charÉtys abilÉty to continue as a going concern. IncoTt]e and endowm¢nl$ Voluntary income including donations, gifts, l¢gacies and grants that provide cor¢ funding oi. arc of a general nature is I"ecowised when the charity has entitlenient to the incom¢, it is probable that ihe income will be received and the amount can be ineasured with sufficient reliability. Doiirtlloii& fftnd le8fteRes Donation5 and legAcies are recognised orl a receiv&ble basis when receipt 5s pi'obable and the aolIt can be reliably ineasiired. liivesliiteiii iitcoiiie Interest on ft]nds held on deposit is included when r¢¢eivable and Éhe ait)ouni can bo itteasured ieliably by the charity. this is normally upon notification of th¢ interest paid or payable by Ilie bank.Diwid¢nds are re¢ognised once tht dividend has been declared and notification has been received of the dividend due. Expenditure All exp¢nditur¢ is recognised once there is a legal or coi)striictive obligation to that expenditure, it is probable 5etil¢ment is Jrquii'ed and the amount can be measured reliably. All costs al'e allocated to the applicable expenditure heading that tggi'egate similar costs to that category. Where costs carmot be directly attributed to paitEcular heading5 they have been allocated on a basis consistent with the use of r¢sources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Oiher suppoit costs are allocated based on the spread of staff costs. Chorilfiljle uclivilies Chai'itable expenditure eomprises those costs in¢urtTd by th¢ charity it) the delsveiy of its activities atld services for its beneficiaries. li includes both costs that can be allocated diiECtly to such activitses and those ¢osls of an indire¢t nature n¢cessary to suppon them. Pag¢ I
Shropshire Masonic Charitable Association Notes to the Financial Statements for the Year Ei nded 31 December 2024 (¢ontinued) Support costs Support Costs are those inciinEd in connection with oi'Enisational administtxtion and have been allocated to activity cos¢ ¢ategori¢s on a basis consistent with the use of iesoui'ces. Governance £05ts These include the costs attributable to the charity's compliance with constitutional and statutoiy requireinents, itkcluding audit, strategic management and trustees meetings and reimbursed exExnses. Taxation The chai'ity is c0Tr5idered to pa55 the tests set out in Pai'agyaph I Schedule 6 of the Finance Act 2010 and therefore il tnetts the dEFinilion of a charitable ¢0inpany foi. UK corporation tax purposes. A¢cordinglyi the charity is potentially ¢xen)pl fi.om taxation in respect of income or capital gain5 I'tceived within categories covered by Chaptei. 3 Part I l of tlie CorpDfdtiDiI Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to th¢ ext¢nt that such income oi. gains are applied exclusively to charitable putP05ts. Flxed assct Iiivcstments Fixed asset investimeiits. other than progTainme related investinents, are Éncluded at market y&lue at the balance sheet date. Realised gains and losses on investinents are calculated as (he diffeience betwe¢n sales proceeds and theii. mai'ket value at tlie start of the year, or thew Subsequent Cost, and ar¢ chai'ged or ¢r¢dit¢d to the StateEnent of Financial Activities in the period of disposal. Unrealised gains and losses represent the movement in inarket values during the year and are ¢iedit¢d or chai.ged to the Statement of Financial Activities based on the InaTket value at the year end. Stock Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. &fter due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out (FIFO). Cash and c%5h equivaltnts Cash and cash equivalents ¢otMpfis¢ ¢osh on hand and call deposits, and other short-temk highly liquid investments that are readily ¢onvertibl¢ to 8 known amount of cash and kwe subject to an insignificant risk of change in value. Fund structure Uniestricted incoine funds al'e general funds that aTe available for use at the trustee5 diwretion in furtherance of the objective% of the charity. Restricted in¢oine funds are those donated for use in a paititular area OL. foi. specific puiposes, the use of which is iestricted to that aiea or purpose. Eiidowment fiinds are subject to specific conditions by donors that the capital must be maintained by the Associalion. Page 12
Shropshirc Masonic ChAritablc Assoeiation Notes to the fiinancial Statements for the Year Ended 31 December 2024 (continued) Finajicial instruments Classlficffiiloii Financial asset5 and financial liabilities are recognised when the charity becoines a party to the contractual provisions of the i11strument. Financial liabilities and equity ins(ruinents are clalfied according to the Substance of the contractual aiiangeinents entered inlo. An equity tn511'ument 15 any contract that evidences a resÉdu31 interest in the assets of the charity after deducting all of its liabilitie5. Recogiilii¢Jii aHrfnieasureiiteiil All fanCIal asse¢s and liabilitÈe5 are Ènitially measured at transaction price (including kn?nsaciion costs). except for those fanCIal assets classified as at fair value through pi'ofit or loss, which are itiitially measured at fair value (which is no11allY the tt7n5actEon price excluding iransactlOTI Costs), unlegs the arrangement consritutes a rinancing transaction. If an arrangement constitutes 2 financing transaction, the financial asset oi. financial liability is measured at the pi'¢s¢nt value of the future payments discounted at & market rate of interest for A sin)ilar debt instruinent. Financial asbets anct Ii¢ibilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set atTtlie recogiiised amout]ts and tlie charity intends either to settle oil a n¢t ba51S, Of to realise the asset and settle the Isability simllltaneously. rinancial assets are dertcognised when and only when a) the contractual rights to the cash flows from the finaiicial asset expire or are settled, b) the charity transfers to another pai'ty substantially &ll of the risks and ¥ewards of ownership of the financial asset, or c) the charity, despite having J'etained soin¢, but not all, sigDifi¢ant i'isks and rewards of oMry]¢rship. has ti'anSf.ed control of the Set to another party. Financial liabiliti¢s are derecognistd only when tlie obligation specified in the contract is discharged. cancelled or expii'e5. Page 13
Shropshire Ma50nic Charitable Association Notes to the Financial Statemellls for the Year Ended 31 Deeember 2024 (eontinued) 2 Income from don81ions and l¢ga¢ie5 Unrestricted funds General Restricted fuiJd5 Total 2024 Donations and legacies., DonatioThs fro]n individuals Legacies 587 31,094 72,956 73,-543 31,094 31.681 72,956 lQ4.637 Unrestricted funds GeMeral Restricted fund5 Total 2023 Dot]ation5 and legacies. Donations froin individuals Legdcles 2,585 98 32,625 35,210 98 2,683 32,625 35,308 Donations analysed by Flld.. Unrestricted funds General Reslrioted runds Total luiid5 Donations,. Patron Fund Festival 2030 (RC) TLC Appeal Shropshire Funds - unrestricted 4.615 59,444 8,897 4.615 59,444 8,897 587 587 Total for 2024 587 72,956 73,543 Total for 2023 2,585 32,625 35,210 Legacies analysed by Fund.. Unrestricted fllllds General Total funds Legacies I'eceivable. Shrop5hire Funds- unrestricted 31,094 31,094 Total for 2024 31,094 31,094 Total for 2023 98 98 Page 14
Shropshire Masonic Charitable Association Notes to the Financial Statemellt.4 for the Year Ended 31 December 2024 (continued) 3 IncoEne from charitable aetiviti¢s Unrestrieted funds Geiieral Re5trieted fllnds Tot21 2024 Total 2023 Regalia and related products Festival-yelated ]nei'chEndise and events 3,420 3,420 6,698 6,576 6,576 9,996 3,420 6,576 6,698 UnrestrÉcted funds General Total fllnds Total for 2023 6,698 6,698 4 Investment income Unrestricted funds Total funds Income from dividends. Dividends r¢Leivable froin other listed investsnents Interest I'eceivable attd similttr income. Interest receivable on bank d¢positS 2,046 2,046 3,492 3,492 Total for 2024 5,538 5,538 Tot#1 for 2023 Pag¢ 15
Shropshire Masonic Charitable Associg4tion Notes to the Financial Statement5 for the Year Ei nded 31 December 2024 (continued) 5 Expenditure om cliaritable a¢livitTres Unre5tricttd funds GeNti'al Restricted funds Total funds Note Regalia and i'elated pi'oducts Donations and grants Festival-related meTchandi5e and events Allocated 5UPPOrt costs Govei'nAnce cosis 1,774 13,900 1,774 4.328 4,328 695 2,705 695 2.705 Total for 2024 19,074 89,774 108,848 Total for 2023 46,297 30,165 76,462 Unreslricteil funds General Reslrlcted funds Tolul 2024 Total 2023 Regalia pui'chases Direct costs- TLC 1,774 1,774 11,392 900 3.000 70,154 2,272 9,758 280 11,392 900 3,000 70,154 Direct COSt5- Easter Eggs Donations- Patron Fund Donations- Festival 2030 (RC) Donations- Shropshire Fund (RC) Donations- utire5tricted Festival-related merchandise gnd events All(Kated support costs Governance costs 5,596 54,531 40,735 13,900 13,900 4.328 4.328 695 2,705 095 2,705 662 2,628 19,074 89,774 108,848 76,462 Pag¢ 16
Shropshire Masonic Charitable Association Notes to the FÉnancial Statements for the Year Ended 31 December 2024 (c4)ntinued) 6 Analysis ofgovernAnce and support ¢0sts Support cusls allocated to charitable activlti&8 Administrgtion Costs Total 2024 Total 2023 Rent PFintitLg, post2ge and stationery 645 50 645 50 570 92 695 695 662 Governance cosls Unr¢stricted funds General Total 2024 Tot¥l 2023 Independent examiner fe¢s Exainination of the financial 5tatement5 Trustees Yemuneration and expenses Legal fees Other governance costs 1,800 835 1,800 835 1.800 406 332 90 70 70 2,705 2,705 2,628 7 Net in¢oming/outgoing r¢50urces N¢t In¢oTnIn[Outgoingj restsur¢es for the year include-. 2024 2023 Loss on disposal of inveslmerits Uftrealised gainsllosses on investment aS5¢t5 30,751 9,174 8 Trustees remuneration 8nd expenses During the yeai. tlie charity made the following trdnsactions with trLtecS'. £835 {2023- £406) of expenses were iEiinbur5ed to dui'ing the year. One (2023 two) Inembei'(s) of the ITUStees committee was reimbursed for expenses incurred in the year. These payments were pi'imarily for printing, p051age and stationery costs iiiciirred. No trustees, nor any peTson$ connected with them. have received any rem(eratIOn from the charity dui'ing the year. No tStetS have received any oiher benefits frotn the charity during the y¢ar. Page 17
Shropshire Masonic Charitable Association Trlotes to the Financial Statements for the Year Ended 31 December 2024 (eontinued) 9 Staff eosts The Association has no ¢inployee5 in the cu]Tent DI prior ye&r. No employee received einoluinenls of more than £60,000 dursng the yea). 10 Indepelldent examiner's remuneration 2024 21123 EKaminatioTh of the financial stateinents 1,800 1,800 I l Taxation The charity is a registered charity and is theiEfore exernpt fiom trdxation. Page 18
Shropshire Masonic CharAtable A8soeiatioll Notes to the Financial Slatements for the Year Ended 31 December 2024 (continued) 12 Fixed asset irEvestmenrts 2024 2023 Othei. inve51mei)ts 80,996 Otbtr Investnjents Listed investments Tot*1 Cost or Valuation At l January 2024 Disposals 80,996 180,996) 80,996 (80,996) At 31 December 2024 Net book value At 31 December 2024 At 31 Dcceinber 2023 80,996 80,996 13 Stock 2024 2023 Sto¢ks 6,476 2,479 14 Cash ftnd Cash equlvglents 2024 2023 Cash on hand Cash at bank 121 278,454 103 220,87S 278,575 220,981 15 Creditors: amounts falling due within onc year 2024 2023 Accruals 1,825 1,802 Page 19
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Shropshir¢ Masonic Charitable Association Note5 to the Finaneial Statements for the Year Ended 31 December 2024 (continued) The specifjc purposes for which the ndS are to be applied are as follows- The restricted nd is made up of six ftjnds.. the Patron Fund, Festival Fund 2030 (Relief Chest), Shropshire rtsnd {Relief Cl)est), the Festival Fund 2030 . management fund, the Teddies for Loving Care Account ITLC Account) and the Easter Egg Appeal. The Patron Fund is a discretionaiy fund for the Pi'ovincial Grand Master (PGM). The trustees decide at the AGM how Inuch of the meinbcr8 donations are allocated to the fund. Festival Fund 2030 (Rclicf C.hcstl and shroph1I* Fund (Relief Chest} are funds received by ihe Association to be paid across to th¢ MCF Relief Chests in respcct of the Shrop5hii'e Fund foi. future distributions 10 Shropshtre cliaritie5 atLd the Festival Fund to 5UPPOlt Charities, Nation31 and Intemational Disa5kr Aid and io provide a55iStance to Fainilies and Masonic tmembers. The truste¢s decide at the AGM how mllctk of the members, donatjons are allocated to each fund. Festival Fund 2030 management fulld - are fund5 received by the A5swiation to Inangge th¢ Festival 2030 appeal. TLC Account is ttr fund teddy beai's given to every child in h05Pital or attending ai lo¢al accÈdertt and emergency cenlres. Easter Egg Appeal is to purchase Easter eggs and distribute them to disadvantsged Chilthtn its the Provin¢¢ of Shropshire. Endowment funds represent assets which must be held pennanently by the Association. Incoine arising OD thc endoW1ent funds cAn be used in accordance with the objects of the Association and is included a5 unrestricted income. Any capital gains or 105ses arising on tl)e assets form part of the fund. The endowment fund is made lip of two funds: the E A S Barnes Trust and tlie Pointon Forest Glen Trust. Both fiinds were donated to the charity to provide incoine from the investment of the funds, assets. During the yezr the Trustees allocated £28,122 from the Patron Futhd to the Festival fuDd 2030 manageinent fund. 17 An21ysi5 of net assets between funds Unrestricted fund5 General Endoivmellt fund5 Permanpnt Tot21 funds at 31 December 2024 Restricted fund5 Current a55ets Cun'ent liabilities 121,423 (1,803) 68,552 (22 95,076 285,051 1,825 Total net assets 119,620 68,530 95,076 283,226 Unre5ti'icted fullds Gelleral Endowment funds Ptrmanent Total funds At 31 Deeember 2023 Restricted funds Fixed asset investments Current assets Current liabilities 80,996 44,831 80,996 223,460 1.802 102,241 (1.802) 76,388 Toial net assets 100,439 76,388 125,827 302,654 Page 22
Shropshire Masonic Charitable As50¢iation Notes to Éhe Financial Statement5 for the Year Ended 31 December 2024 (eontinued) 18 Related party transactions There were no related pai'ty transactions in the year. Page 23