STAFFORDSHIRE M.,ISONIC C14ARITABLF ASSOCIATION RE.GISTERLD CIIARITI, NO. 220032 5 SHAW PARK (iHAW ROAD WOLVERIIAMPTON WVIO 9LE FINANCIAL ACCOUNTS_ YEAR ENDED 31ST DECEMBER 2023
STAFFORDSHIRE MASONIC CHARIT ABI,E ASSOCIATION REPORT OF THE COfvIMITTEE OF MANAGEMENT The Siafford¥hire Masonic Chariiable Association has pleasure In preseniing ihe Repon of the Cornmitle¢ of Managemeni and ihe Audited Financial Statements of the Funds of ihe Associaiion for rhe year ended 31# December 2023. The Funds of the Association are used to niak¢ distributions io appli¢ants for charitable purrKTrses. wheiher for Masonic Charitkes or otherwise. The A&socia(ion wa5 founded in January 1871. a[ the govwning instruments under which the Association operates cornprise the Rules fflade from lime to tin]e by the Association's Management Cornmiiiee and approved by Ihe M¢mbers. OBJECTIVES: "rhe object of the Associaiion is ro render effeciive the collection, application and adminisiraiion of the Funds raised in the Masollic Province of Staffordshire for Chanble purposes. whether for Masonic Charities or otherwise. LEGAL STATUS. The Association L5 a Registered Charity nurnber 220032. PRJNCIPAL ObFICERS.. Pre5Ldent- W.Bro. David W Philip¥ PSGD Vice President- W.Bro. Di. Michael S. Rawle PSGD Secretary- W.Bro. Dr. Matthew Gibbons PAGDC Sulicitur5 Manby & Steward. George I Iou8e. Si. John's Square. Wolverhampion. WV2 4R2. Battkets- Lloyds Bank Plc. 28A High Streei, TettenhAII. Wolverhampion. WV6 8QF. The constiDJtion of the CoTnmitt¢¢ of Manag¢m¢nt 18 yiated in Rule 6 of thc Rulcs to th¢ Association. ACCOUNTIN RESPONSIBILITIES OF THE M¢LNAGEMEf4T COMMJTTEK: The Cotntnitl¢e is required to prepare Financial Accounrs for each year thai give a we and fair view of th¢ state of the Asswiation's finances at the end oFea¢h year. In preparing these Financial Siatemenis the cOll]lItee is required to select suitable accounting polieies and apply ihem consistently. to make judgements thai are reasonable, and lo ensure that applicable accounting Standards have been followed. The Cutnmittee iy responi*ibl¢ for keeping proper a¢¢ounting records whi¢h Can dis¢108¢ th¢ finan¢ial POl+ition of the Association at any time, is r¢sponsibl¢ for th¢ safeguarding of the Asseis of the Association. and for thking reasonable steps for th¢ preveniion and detection of iTregularities in irs affairs. The fLmds of the Association are lo be invested in accordance with the Provisions of the Trubtee5 Investments Act 1961. Any surplus which llLay arise Ihe bal¢. r¢alisation or maturity of any non-earniark¢d invcstm¢nt shall b¢ allocated to the "B- Fund of the A8sociation. As far 45 the A¢wunts for the year ended 31" December 2023 are concerned, the Committee reports as per attrd¢h¢d awounts.
STAFFOROSHIREMA 5fATEMENTOF FINANCIAL A1vmE5 YEAR ENOEO 315t DECEMBER 2023 Gene1 Dgnatrd Genwal RE5trfcred Total Fund5 Total Funts 2022 2023 ITrXOME & EXPENDrruRE Inc¢me ContrIbn$ from{+ Investment Incorne onatlonsafid a(*S IvmmeTax E0vered 11,147.55 27,335.G6 9S9.29 9903S 12,137.90 27,33S.66 959.29 14.591.rrf) 18.16&14 5.481.11 1.813x2 39.442.50 99D.35 40A32.85 40.054.07 urE ded Dlrect ChJMable EApefjd Grants and Donarion5 PurchaseolT&dy Bears otherExpeIture Mana8emÈt Adrnlnlstratknn of thectharw 13.7fll.00 3.918.1 13,760. 1.918.18 2155222 L797.61 23,416.26 23,416.26 22,2(X).27 Tot•1 Re50urre5 Ewended 41.094.44 4L094A4 4S.550.10 NE¢lncomkn811(kJfwn81 Re50urce5 Ilh51.941 99)35 1561.591 16A96ml Btuue5tsfwth518nJtedfuThJ5 214.380.24 214380.24 0.0) Gainsl IL•s¥esl Ohlrfrfutrnent5 Realixed Unrna115ed 1.274.96 IIL4.730n91 17,126.65 Net M¢vement In Funds 229.954.95 99135 230.945.30 1111951.161 8414n irniht Forward 638,448.87 35.213AB 673.662.35 792.613.Sl Balar a5 lanShtrt 868.403.B2 36,203.83 9fy1,6D7.65 673,662.35
STAFFOROSHIRE MASONIC CHARITABLE ASSOCIAT1014 BALANCE SHEET AS AT315t DECEMBER 2023 2023 2022 ENERAL FLJND ASSETS Flxed Assets ComputÈf Equipmeni Fixtures ènd Flttn8S Investments D.00 7&00 886,175.01 886.253.01 137.C 104. 654,568.11 654,809.11 Current A55ets Sundry Debtors'.- Inland Revenue forTax Repayments Owed by Arboretum account Equipment lea in advance Credit due from CarÈ Bear puich8ses O¥erhead allocation control..- Provincial Grand Lodge of Stafford5hife Cash at Bank:. General Account Dep05ii for investment re Cook bequest Annuitants, Atcount Cash In Hand 1,811.00 45.0) 1,8LI.QO 45.rKI 25.C 324.86 3,026.48 233.79 20.341.36 27,381).42 2,997.75 28.50 28,574.95 1.197.75 127.30 30,820.26 Current LiabileS Social Security Creditor Accrua15 Sundry Cieditor Sundry Creditor IHWKI Overhead allocabon control:. Provincydl GrarKI Lodge of Staffordshi Annuitrnts for Amounts payable 1160.491 1.990.21 150.LKI 8.240.59 L750. 1,720.(N) 8,240.59 0.00 ID,220.31 o.Ix) 11,967.03 Net Current Assets l8,354.6d 4.607.65 18,853.23 673.662.34 Summa of Fund5 General Restricted Fund General Designated Fund 36.203.83 86B,403.82 904.607.65 10.oii .0.01 e Inv rnd8 35.213.47 638,448.87 673,662 34 o.oo Chk Total STAFFORD5HIRE MASONIC CHAR1TA8LE ASSOCIATION NOTES TOTHE ACCOUNT5 FIXED ASSETS OFTHE GENERAL FUND UOTED INVESTMENTS Market V?lue at 315t December 2023 Acquisitions at Cost/Sale proceeds Disposè15atCost Net Gainsl (Losses) on Revaluation at 31st Oecember 654,568.11 214,380.24 767,023.26 7.677.85 15,402.901 (114,730.091 17,226.65 M4rketValue ai 31st December 2023 886.175.01 654,568.11 Historlcal Costat 31st DetembÈr 809.410.87 595,030.63 INVESTMENT INCOME GENERAL FUNO Gr055 Income from OividÈnds from GovÈrnmÈnt Securitie5 Interest from Bank balances etc 27.235.66 27.335.66 18.168 l4 18,168.14 DONATIONS TOTHE GENERAL FUND Donations et¢ Special DepOts SMCAaccts 959.29 12,137.90 13.097 19 5,481.11 14,591. 20.072 11
STAFFORD5HIRE M HARITA8LE CONTINUED ON General De51gDed General Restricted TDtsI Funds 2023 Funds 22 DIRECTCHARITA&LE EXPENDITUR GRANTSAND WNATIONS MASONIC GRANTS Paymertisto petitioners Le$5Grand Charitycontnbutions 13,760.C Total Grant5 and Donatlons 13.7600D O.OD 13,7fA). 22.552.22 EFA Staff Cosis Premlsescosts Management Costs NT ADMINI OF THE 20,042A4 2.831.52 542.30 20,042.44 2,831.52 542.30 18,827.25 2,942A)7 430. Total Mana8emÈnt Admfjnlstratityi Cosrs 23,416.26 23.416.26 22,2.2? Mana8emoTht ¢o#sin¢luLIE, PriTrtlD8and statbnery, Postage. Telephone. EqwipmEnt maintenan and ComputerExpenses tafl Olh¥ To¢al 2022 023 TOTAL RESOURCESEXPENDED DIREcrCRITABlE EXPENDITURE Grants and donations INetl Net CostsolTeddy aè3rScheme 13,760. 3,918.18 17.678.L8 13.?60. 3,918.18 17.678.18 21552.22 1.797.61 24,34983 OTHER EXPENDITURE ana8ement and AdmlnlstraU(Mi of thechaiity 20.D42.44 20.042.44 3.373 82 21,052.00 23.416.26 41.094.44 22,200 27 46,550.10 STAFF COSTS Salar% Soaal Securlty Costs 20.Q42.44 20,042.44 18.827.25 20,042.44 2042.41 18,827.25 aw&ra8e numberof Employèès analysed byfunction wa5.. Management andAdrninistratK)nof reChar¥ C05TOFAUDIT AND IndEpEn(lent ExamSDer's Fee CE5.. 5MeAcctS
TAFF RDSHIRE MASONICCHARITAÈLE A THEA NTS CONTINUED IAT UMMARY OF FUND5'. ENERAL Movement in Mo¥eThent In Re59urcE5 Re5Durce5 BalancEsal E•lance541 315t Dec2023 'A' Fund 35.213.48 990.35 36,203.83 GENERAL DESIGNATED FUNDS '8. Fwryj BalanSai Movement in resources IDcorniTr8 Balance5at General Fund The Parker Bequest Joan Mpin Bequest The A E 81uDdell Bequest Thtrw i Elle5mere Bequest TheNorah Miichell Bequest Ettate DI W BroRAMcDaTrnavJ Cooke8equesi Te(1Se5 Lovin8Care Sch&me 351,5SS.72 80,Om.00 5.OW.00 5.OWnO 50,667.91 33,876.26 368.3S7.37 BO.WO.00 5.QW.LK> 5.iKKI.IY) Eo.000.c 115,666.21 20.Nn.00 I14.3.24 115.W.11 20.(XX).OQ 3.086.10 33fXJ.CN) X 214,3W.24 l.W3.04 2.915.14 638.448.87 271,049.39 3.918.18 4l.094.44 868.403.82 OIAL 673.662.35 272.D39.74 41.094.44 .607.65 FIXED INVESTMENTsE GENERAL F EXCLUDING THE NORAH MITCMgLLBE Market Val Book Market Value Book TMENTS Midland & Gerral Charibond and unifi¥e51ecl cash Cash hddon deposit lorln¥estmeTht 186,250.83 I,347.19 214.380.24 214.380.24 356,953.W 350.00D. 757.584.07 7ty1,727 43 185,550.47 180,347.19 35LB91. 538.441.47 350.(ty).fX) 530.347.19 TOTAL NORAH MITCHELL F ND INVESTMENT caetIan Electrlc & General Trust 16,134.02 unlts Henderson European Focus Trust 1.1500rdln3ry 50p Shares Menderson Flxed Interest Monthlytncorne Fund 20.4W Unlt5 Midland & General Seturities Charifund 2.393 Unit5 Cash held Dll dewssiforlnve5tmeTrt TA 202 22 51887.32 20,067.50 3,618.% 34.339.31 17.677.85 128590. 12.308.47 3.6W) 17 6.016.95 2S,000. 17.677.85 64,S83.44 42,WO.36 16047.50 3,535.32 35,165.61 17.677.85 116,126.64 11308.47 3.680.17 6,016.95 25,(XM). 17.677.85 64.683.44 TOTALAS BAL4NSHEEr 886.175.01 8A)9.410.87 654.568.11 595.030.63 SMCAacctS