## **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
Page 1
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**
Page 2
## 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|
SMCAaccts
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|
SMCAaccts
## 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|
SMCAaccts
## 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.
SMCAaccts