PROVINCIAL GRAND CHAPTER OF STAFFORDSHIRE BENEVOLENT FUND
REGISTERED CHARITY NO. 506454 211 TETTENHALL ROAD
WOLVERHAMPTON WV6 0DD
Accounts to 31.12.22
PROVINCIAL GRAND CHAPTER OF STAFFORDSHIRE BENEVOLENT FUND
2023 COMMITTEE REPORT TO THE ANNUAL GENERAL MEETING
The Committee reports that the Benevolent Fund has continued to receive support during the year from Chapters and Companions although it is obvious that the effects of the COVID 19 pandemic and the subsequent lack of meetings continue to have a considerable effect upon the Chapter’s finances.
The Accounts for the Year Ended 31[st] December 2022 showed that, during the year, Members’ donations received were £3,056 and Chapter Donations were £3,020. Gift Aid schemes on Members’ donations allowed tax to be recovered in the amount of £323. Investment income was £ 144. Total income from the above came to £ 7,924 compared to the sum of £5,714 the previous year.
Management expenses were £1,836. Twenty two non-masonic donations were made to Staffordshire based Charities. The £2,000 grants left to the discretion of the ME Grand Superintendent for 2017/8/9/20/21/22 have not yet been expended and he has indicated he wishes to put these on ‘hold’ for the time being pending his decision nearer the 2024 Festival date.
During the year to 31.12.22 there were no applications for assistance in paying Chapter subscriptions,
The accumulated fund stood at £35,310 at 31st December 2022. After thanks had been expressed to the Treasurer, the accounts were acknowledged and accepted for presentation to the Annual Meeting of the Benevolent Fund.
Comp M.J. Waller, Provincial Charity Steward, read out details of the proposed grants. He stated that, in view of the decrease in net income to the fund in the year ended 31st December 2022 his report (see separate attachment) contains recommendations regarding this year’s non-masonic grants
Proposed Grants :
Royal Wolverhampton School Compton Hospice St. Giles Hospice Whittington/Sutton Coldfield Katharine House Hospice Douglas Macmillan Hospice (with Donna Louise Hospice) Acorns Children’s Hospice, Walsall Midlands Air Ambulance North Staffs Heart Committee Combat Stress Wolverhampton Samaritans The Buddy Bag Foundation Brinsley Avenue Medical Practice Warm Room Let Us Play Palmers Cross Primary School (Resource Base Year 7) Masonic Salmon & Fishing Charity Staffordshire Foodbank - Rugeley Staffordshire Foodbank - Tamworth Staffordshire Foodbank - Wolverhampton (The Well) Wilson Keys Court (Residents Christmas dinner) Amount left to the Discretion of the ME Grand Superintendent for 2023
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The Hugh B.Ellis Fund - . Chapters are reminded that although no longer separate, the fund is still available to provide assistance with a Companion’s Chapter subscription in order to ensure that no Companion should find it necessary to resign solely for that reason.
Chapters are again reminded that to retain membership of the Benevolent Fund, a donation of at least £25 each year is required in accordance with RULE 4.a. Chapter Principals are requested to see that their Chapter membership is rectified if they do not qualify. For a Companion to retain his membership, the minimum donation required is £5.
The President acknowledged the assistance given to the Benevolent Fund by those Charity Stewards of Chapters and the Companions in the Province who have supported the Fund and expressed his thanks to E Comp M.J. Waller and also to the Provincial Office Staff for their work on behalf of the Fund.
David W. Philips 2022 President
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STAFFORDSHIRE MASONIC CHARITABLE ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31st DECEMBER 2022
| STAFFORDSHIRE MASONIC CHARITABLE ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31st DECEMBER 2022 |
||
|---|---|---|
| Note INCOME & EXPENDITURE Income Contributions from Lodges Investment Income Donations and Legacies Income Tax recovered Total Incoming Resources Resources Expended Direct Charitable Expenditure Grants and Donations Purchase of Teddy Bears Other Expenditure Management and Administration of the Charity Total Resources Expended Net Incoming / (Outgoing) Resources Bequests for designated funds Gains / (Losses) on Investments Realised Unrealised Net Movement in Funds Balances brought Forward Balances as Balance Sheet |
General General Total Designated Restricted Funds Fund Fund 2022 13,923.00 668.00 14,591.00 18,168.14 18,168.14 5,481.11 5,481.11 1,680.57 133.25 1,813.82 39,252.82 801.25 40,054.07 22,552.22 22,552.22 1,797.61 1,797.61 0.00 22,200.27 22,200.27 46,550.10 0.00 46,550.10 (7,297.28) 801.25 (6,496.03) 0.00 2,274.96 2,274.96 (114,730.09) (114,730.09) (119,752.41) 801.25 (118,951.16) 758,201.28 34,412.23 792,613.51 638,448.87 35,213.48 673,662.35 |
Total Funds 2021 14,132.30 9,690.32 1,501.48 2,050.54 |
| 27,374.64 | ||
| 14,765.00 684.29 21,638.45 |
||
| 37,087.74 | ||
| (9,713.10) 0.00 0.00 48,133.74 |
||
| 38,420.64 754,192.87 |
||
| 792,613.51 |
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STAFFORDSHIRE MASONIC CHARITABLE ASSOCIATION BALANCE SHEET AS AT 31st DECEMBER 2022
2022
2021
| 2 3 4 |
GENERAL FUND ASSETS Fixed Assets Computer Equipment Fixtures and Fittngs Investments Current Assets Sundry Debtors:- Inland Revenue for Tax Repayments Owed by Arboretum account Equipment Lease in advance Overhead allocation control:- Provincial Grand Lodge of Staffordshire Payments on behalf of Provincial Grand Lodge of Staffordshire Cash at Bank:- General Account Annuitants' Account Cash in Hand Current Liabilities Social Security Creditor Accruals Sundry Creditor Sundry Creditor (HWK) Overhead allocation control:- Provincial Grand Lodge of Staffordshire Annuitants for Amounts Payable Net Current Assets Summary of Funds General Restricted Fund General Designated Fund STAFFORDSHIRE MASONIC CHARITABLE ASSOCIATION NOTES TO THE ACCOUNTS FIXED ASSETS OF THE GENERAL FUND QUOTED INVESTMENTS Market Value at 31st December 2021 Acquisitions at Cost / Sale proceeds Disposals at Cost Net Gains / (Losses) on Revaluation at 31st December Market Value at 31st December 2022 Historical Cost at 31st December INVESTMENT INCOME GENERAL FUND Gross Income from :- Dividends from Government Securities Interest from Bank balances etc DONATIONS TO THE GENERAL FUND Donations etc Special Deposits |
1,811.00 45.00 25.00 233.79 0.00 27,380.42 1,197.75 127.30 |
137.00 104.00 654,568.11 654,809.11 18,853.23 673,662.34 35,213.48 638,448.87 673,662.35 (0.00) 767,023.26 7,677.85 (5,402.90) (114,730.09) 654,568.11 595,030.63 18,168.14 18,168.14 5,481.11 14,591.00 20,072.11 |
2,044.00 25.00 2,447.24 4,014.96 28,429.60 863.65 218.38 |
274.00 130.00 767,023.25 |
|---|---|---|---|---|---|
| 767,427.25 25,186.26 |
|||||
| 30,820.26 | 38,042.83 | ||||
| 256.44 1,750.00 1,720.00 8,240.59 0.00 0.00 |
360.20 1,750.00 2,505.78 8,240.59 0.00 0.00 |
||||
| 11,967.03 | 12,856.57 | ||||
| Chk Total | |||||
| 792,613.51 | |||||
| 34,412.23 758,201.28 |
|||||
| 792,613.51 | |||||
| 718,889.51 0.00 48,133.74 |
|||||
| 767,023.25 | |||||
| 592,755.67 | |||||
| 9,690.32 | |||||
| 9,690.32 | |||||
| 1,501.48 14,132.30 |
|||||
| 15,633.78 |
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STAFFORDSHIRE MASONIC CHARITABLE ASSOCIATION NOTES TO THE ACCOUNTS (CONTINUED)
| 5 6 |
DIRECT CHARITABLE EXPENDITURE GRANTS AND DONATIONS MASONIC GRANTS Payments to Petitioners Less Grand Charity Contributions Total Grants and Donations MANAGEMENT AND ADMINISTRATION OF THE CHARITY |
22,552.22 0.00 |
General General Total Designated Restricted Funds Fund Fund 2022 22,552.22 0.00 22,552.22 18,827.25 18,827.25 2,942.07 2,942.07 430.95 430.95 22,200.27 0.00 22,200.27 |
Total Funds 2021 |
|---|---|---|---|---|
| 14,765.00 | ||||
| 18,347.20 2,903.31 387.94 |
||||
| Staff Costs Premises Costs Management Costs Total Management and Administration Costs |
||||
| 21,638.45 |
Management costs include, Printing and stationery, Postage, Telephone, Equipment Maintenance and Computer Expenses
| 7 8 |
TOTAL RESOURCES EXPENDED DIRECT CHARITABLE EXPENDITURE Grants and donations (Net) Net Costs of Teddy Bear Scheme OTHER EXPENDITURE Management and Administration of the Charity STAFF COSTS Salaries Social Security Costs The average number of Employees analysed by function was: Management and Administration of the Charity COST OF AUDIT AND OTHER FINANCIAL SERVICES: Independent Examiner's Fee |
Staff Other Total Costs Costs 2022 22,552.22 22,552.22 1,797.61 1,797.61 0.00 24,349.83 24,349.83 18,827.25 3,373.02 22,200.27 18,827.25 27,722.85 46,550.10 18,827.25 18,827.25 0.00 18,827.25 0.00 18,827.25 1 0.00 |
Total 2021 14,765.00 684.29 |
|---|---|---|---|
| 0.00 24,349.83 |
15,449.29 | ||
| 18,827.25 3,373.02 |
21,638.45 | ||
| 18,827.25 27,722.85 |
37,087.74 | ||
| 18,827.25 | 18,347.20 0.00 |
||
| 18,827.25 0.00 |
18,347.20 | ||
| 1 | |||
| 1,750.00 |
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STAFFORDSHIRE MASONIC CHARITABLE ASSOCIATION
NOTES TO THE ACCOUNTS (CONTINUED)
| 9 10 11 |
SUMMARY OF FUNDS: GENERAL RESTRICTED FUNDS 'A' Fund GENERAL DESIGNATED FUNDS 'B' Fund General Fund The Parker Bequest Joan Alpin Bequest The A E Blundell Bequest The W J Ellesmere Bequest The Norah Mitchell Bequest Estate of W Bro R A McDarmaid Minerva Lodge Donation (N Mitchell) Teddies Loving Care Scheme TOTAL FIXED INVESTMENT ASSETS OF THE GENERAL FUND (EXCLUDING THE NORAH MITCHELL BEQUEST) INVESTMENTS Midland & General Charibond 83,297.363 Units Quilter Cheviot and uninvested cash TOTAL NORAH MITCHELL FUND INVESTMENT Carvetian Electric & General Trust 16,134.02 Units Henderson European Focus Trust 1,150 Ordinary 50p Shares Baring Fund Managers' Global Bond Trust 6,700 Units Henderson Fixed Interest Monthly Income Fund 20,400 Units Midland & General Securities Charifund 2,393 Units Cash held on deposit for investment TOTAL TOTAL AS BALANCE SHEET |
M Balances at 1st Jan 2022 34,412.23 |
o |
vement in Mo Resources Incoming 801.25 |
vement in Mo Resources Incoming 801.25 |
Balances at 31st Dec 2022 |
||
|---|---|---|---|---|---|---|---|---|
| 35,213.48 | ||||||||
| Balances at 31st Dec 2022 |
||||||||
| 351,565.72 80,000.00 5,000.00 5,000.00 60,000.00 105,880.11 20,000.00 10,000.00 1,003.04 |
||||||||
| 758,201.28 (73,202.31) 46,550.10 |
638,448.87 | |||||||
| 792,613.51 (72,401.06) 46,550.10 |
673,662.35 | |||||||
| 2022 Market Book Value Value 185,550.47 180,347.19 352,891.00 350,000.00 538,441.47 530,347.19 2022 42,900.36 12,308.47 16,847.50 3,680.17 0.00 Sold 3,535.32 6,016.95 35,165.61 25,000.00 17,677.85 17,677.85 116,126.64 64,683.44 654,568.11 595,030.63 |
021 Book Value 180,347.19 350,000.00 |
|||||||
| 637,757.64 | 530,347.19 | |||||||
| 2 50,951.24 18,716.25 7,658.10 4,700.16 37,239.87 10,000.00 |
021 12,308.47 3,680.17 5,402.89 6,016.95 25,000.00 10,000.00 |
|||||||
| 129,265.61 | 62,408.48 | |||||||
| 767,023.25 | 592,755.67 |
12 SUNDRY CREDITORS
Sundry creditors include the sum of £1,570 which is currently held by the Association relating to unclaimed shares in Wolverhampton Masonic Club Catering Shareholder distribution.
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