## **THE PROVINCE OF MIDDLESEX BENEVOLENT FUND**
Registered Charity No. 217065
## **TRUSTEES REPORT**
and
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED**
**31ST DECEMBER 2022**
**THE PROVINCE OF MIDDLESEX BENEVOLENT FUND** Registered Charity No. 217065
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022**
**Registered Charity No.** 217065
## **HMRC Gift Aid Reference No.**
X688879
## **Grand Charity Relief Chest Reference No.**
E0121
## **Registered Address**
148 London Road, Twickenham, Middlesex, TW1 1HD
## **Trustees**
P. R. A. Baker, B.P.J. Cramer, S. M.Shah, I.K. Chu (Appointed 3 June 2022) O. H. Saville (Resigned 31 December 2022)
## **Treasurer and Corespondant Trustee**
Sanjiv M Shah BSc(Econ), FCA, MCMI. The Pavilion , 56 Rosslyn Crescent, Harrow, HA1 2SZ
## **Independent Examiner**
2,054 84,418 0 215 500 3,000 58,000 10,000 327 71,827 14,860 831 47,539 63,230
Adrian J Houstoun FCA, FCIArb. 132 Palewell Park, East Sheen, London SW14 8JH.
## **Provincial Grand Almoner**
I.K Chu
## **Bankers**
Barclays Bank plc., Acorn House, 36 - 38 Park Royal Road, London, NW10 7JA
As at 31st Dec 2020 25,027 41,268 831
0
-1,896
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**THE PROVINCE OF MIDDLESEX BENEVOLENT FUND** Registered Charity No. 217065
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022**
The Trustees of The Province Of Middlesex Benevolent Fund present their report and independently examined financial statements for the year ended 31 December 2022. The Trustees confirm that the annual report and financial statements comply with current statutory requirements, the requirements of the Charity’s governing document and the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ issued in 2005.
## **Status and Appointment of Trustees**
The Province of Middlesex Benevolent Fund was established by Trust Deed dated 5 October 1927 at an Annual Meeting of the Masonic Province of Middlesex, when funds held by the Province for benevolent purposes were transferred to and vested in Special Trustees.
The Province of Middlesex Benevolent Fund was registered as a charity on 27 May 1963. The Provincial Grand Master’s Fund was endowed on 28[th] June 1963.
The Trustees are appointed by the Province in general meeting, but the Provincial Grand Master, or in his absence the Pro Provincial Grand Master, has the power to appoint a Trustee to fill a casual vacancy to hold office until the next Annual Meeting.
## **Objects**
The unrestricted (general) funds are to be applied for the benefit of distressed Masons and their widows and children or to or for the benefit of such Masonic charities or other charitable institutions or charitable purposes as the Provincial Grand Lodge (“the Province”) shall direct.
## **Funds**
The General Fund consists of all monies payable or accruing to the Benevolent Fund in accordance with the Provincial by-laws, and all other donations and bequests received by the Trustees for the general purposes of the Benevolent Fund. The Board of Benevolence Grants Account is a separate restricted fund used only for the receipt of grants from and on account of other Masonic Charities for disbursement to individual petitioners to those charities where the grant-making charity delegates administration of the grants to the Province.
The income of the Provincial Grand Master’s Fund is to be applied only for such charitable purposes as the Provincial Grand Master of Middlesex, or in his absence or incapacity the Pro Provincial Grand Master, shall think fit.
## **Income and resources**
The main regular income is contributions from Middlesex Craft Lodges, at 10p per member, other Donations together with interest on bank balances. Periodically, appeals are launched for specified charitable causes. The Trustees consider that the resources are sufficient to continue the Fund's operations for the foreseeable future.
## **Financial Review**
## **Initiatives**
During the past few unprecedented years, the Charity spearheaded the Middlesex Covid Relief Appeal to support local communities in Middlesex and the surrounding counties. Throughout the pandemic over 100,000 sumptuous and nourishing meals were freshly prepared in the kitchens at the Masonic Centres in Harrow and Uxbridge. These were distributed to the homeless, the poor as well as to front line personnel and to hospitals. Grants were made to five local MIND Centres and this year to ten Food Banks in Middlesex. The was only possible due to the extreme generosity of Middlesex Masons and their families who donated over £64,000 to the appeal. In addition the Masonic Charitable Foundation made a grant of £20,000 in 2020 and £10,000 during 2021 to support these worthy initiatives. During 2021, A mental health training course was held for volunteer members who regularly visit masons and their families. 2022 was relatively quiet after past few unprecedented years with a donation of £1,000 to the Province of Warwickshire Festival 2023 Appeal.
## **Risk Mitigation**
The Trustees regularly examine the major risks to which the Charity is exposed and, when a particular risk is deemed significant, this is discussed at Trustees’ meetings and appropriate steps taken to mitigate against it.
## **Reserves Policy**
The Trustees as far as possible make donations out of income. Payments to petitioners are met from incoming resources.
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**THE PROVINCE OF MIDDLESEX BENEVOLENT FUND** Registered Charity No. 217065
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022**
## **Future Plans**
In the future, the Charity will continue to make payments to petitioners and other donations in accordance with its objects.
## **Statement of Trustees’ Responsibilities**
The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice.)
Company law requires trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the Trustees are required to:
Select suitable accounting policies and then apply them consistently;
Observe the methods and principles in the Charities SORP;
Make judgements and estimates that are reasonable and prudent;
State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities SORP. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Independent Examiner**
The Trustees have appointed Adrian J Houstoun FCA, FCIArb as the Independent Examiner of the Financial Statements
Approved by the Trustees on 15th February 2023 and signed on their behalf by: Peter R.A.Baker
……………………........................
Trustee
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## **THE PROVINCE OF MIDDLESEX BENEVOLENT FUND** Registered Charity No. 217065 **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
|**INCOME**
Donations and Gift Aid Received
Covid Relief Appeal and Gift Aid Received
Legacy
MCF Matched Funding Grant
Sundry & Miscelleanous
Interest Received
**TOTAL INCOME**
**EXPENDITURE**
**DONATIONS**
In Memorium
Warwickshire Festival 2023 Appeal
Covid Relief Initiatives
Bard of Avon & Mark Benevolent Fund
**OTHER COSTS**
Mental Health First Aid Training
Rememberance Day Wreaths, Bank Charges
**TOTAL EXPENDITURE**
NET INCOMING/(OUTGOING) RESOURCES
INCOME FUNDS Brought Forward
CAPITAL FUNDS Brought Forward
**TOTAL FUNDS CARRIED FORWARD**|General
Restricted
Total
Fund
Fund
31Dec2022
£
£
£
5,592
5,592
-
-
-
-
-
-
554
554
643
2
645
6,789
2
6,791
-
-
1,000
1,000
-
-
-
-
-
1,000
-
1,000
-
-
559
559
1,559
-
1,559
5,230
2
5,232
504,134
295
504,429
509,364
297
509,661
-
2,000
2,000
509,364
2,297
511,661|**31Dec 2021**
£
1,217
979
451,975
10,000
-
37
464,208
-
-
20,000
800
20,800
1,500
709
23,009
441,199
63,230
504,429
2,000
506,429|
|---|---|---|
## **BALANCE SHEET AS AT 31ST DECEMBER 2022**
|**CURRENT ASSETS**
Balance at Bank
Balance at Grand Charity Relief Chest
Board of Benevolence Bank Accounts
Prov Grand Lodge of Middlesex
**TOTAL CURRENT ASSETS**
**CURRENT LIABILITIES**
Prov Grand Lodge of Middlesex|£
£
£
474,527
2,297
476,824
35,014
35,014
-
-
509,541
2,297
511,838
-
-
-
509,541
2,297
511,838
(177)
-
(177)
509,364
2,297
511,661|As at 31st
Dec 2021
£
475,160
31,782
825
507,767
-
507,767
(1,338)
506,429|
|---|---|---|
## **Accounting policies and Notes to the Financial Statements**
The Provincial Grand Master’s Fund was endowed in 1963. Under the terms of the trust, the Trustees are to apply the income only for such charitable purposes as the Provincial Grand Master for the time being, or, in his absence or incapacity the Pro Provincial Grand Master, shall think fit. The purpose of this Fund is adequately met from the unrestricted general fund and the Trustees are considering the closure of this restricted Fund.
Funds in the Board of Benevolence accounts are held on behalf of the grant-making charity in respect of individual petitioners. Grant transactions are passed through the Board of Benevolence Fund. This arrangent ceases during the year and the Accounts closed.
Grants are accounted for in the period in which they are received. Other income and expenditure, including Grants made, relates to the period in which it is granted or is incurred. The accounts include only those amounts received by the Province. These grants are paid over in instalments to Lodge Almoners to be paid to or on behalf of the petitioner concerned. Information about grants provided by Masonic Charities directly to or on account of petitioners, and of contributions made by members of the Province to such charities, are summarised in the Annual Report of the Provincial Grand Almoner.
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