0226943
PROVINCIAL GRAND LODGE OF NOTTINGHAMSHIRE CHARITY COMMITTEE
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
PROVINCIAL GRAND LODGE OF NOTTINGHAMSHIRE CHARITY COMMITTEE
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the charity, its trustees and advisers | 1 |
| Trustees' report | 2 - 4 |
| Independent examiners' report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 - 19 |
PROVINCIAL GRAND LODGE OF NOTTINGHAMSHIRE CHARITY COMMITTEE
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2022
Trustees P Marshall A Rainbow D Wall P Gregory R Cheetham
Charity registered number 226943 Principal office Masonic Hall Goldsmith Street Nottingham NG1 5LB
Page 1
PROVINCIAL GRAND LODGE OF NOTTINGHAMSHIRE CHARITY COMMITTEE
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
The trustees present their annual report together with the financial statements of the Provincial Grand Lodge of Nottinghamshire Charity Committee for the year from 1 January 2022 to 31 December 2022.
Objectives and activities
a. Policies and objectives
The objectives of the charity are:
-
To assist aged or indigent freemasons;
-
To assist widows and children of freemasons;
-
To distribute such other relief and charity as the committee may direct.
The main activities of the charity are to collect returns from investments held and receive donations from Brethren.
In setting objectives and planning for activities, the trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Achievements and performance
a. Main achievements of the charity
Due to the effect of Covid 19, many charities have been unable to operate normally, In October 2021 the Trustees passed back day to day control of the Charities affairs to the Provincial Charity Committee and its supervisory Case and Finance board.
We have raised approximately £58,000 (2021: £54,000) during the year in furtherance of our objectives. In addition, our investments have raised, through sale, an amount of £112,000, and the market value of the investment portfolio decreased by £210,000 (2021: £130,000 net increase). Of these proceeds of sale, we have reinvested £115,000. The income raised has enabled us to donate £43,000 (2021: £54,000) to applicants. Of these donations £41,525 were to non masonic charities (2021: £53,729). Note 16 to the accounts details the 21 different charities that benefitted from our donations to assist their own causes.
Financial review
a. Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, we continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Page 2
PROVINCIAL GRAND LODGE OF NOTTINGHAMSHIRE CHARITY COMMITTEE
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
b. Reserves policy
At 31 December 2022, the charity's financial position is approximately 10% weaker than the previous year with total reserves just below £1.9 million. Our two professional fund managers collectively restricted the market value fall to 12%.. Our current working capital is in excess of twenty-four months expenditure without any income, based upon the historically ‘normal’ expenditure trend.
It is the intention of the Trustees that, except for the J. F. Mortimer Legacy Fund, charitable donations will in each year equate to income receipts and that the current reserves will not increase materially, subject to fluctuations in the value of the investment portfolio.
By his will, the late John Frederick Mortimer bequeathed the residue of his estate on trust for such charities (Masonic or non-Masonic) as shall be selected by The Provincial Grand Master for Nottinghamshire. The Provincial Grand Master at the time directed that the residue of the estate, in the sum of £980,313, be added to the Reserves of this Charity and that the interest arising be distributed annually. It is also his wish that capital payments may be made from the residue as directed by the Provincial Grand Master from time to time
c. Principal risks and uncertainties
The trustees are responsible for the management of the risks faced by the charity. The only significant risk is associated with the stock exchange investments and these are managed on a discretionary basis by professional fund managers. Their performance is continually reviewed by the finance officer.
Structure, governance and management
a. Constitution
Provincial Grand Lodge of Nottinghamshire Charity Committee is a registered charity, number 226943, and is constituted under a trust deed.
b. Methods of appointment or election of trustees
The management of the charity is the responsibility of the trustees who are elected and co-opted under the terms of the trust deed.
Members of the committee are elected by the members of the Province of Nottinghamshire. The Charity committee appoints a Case and Finance sub-committee to deal with day-to-day matters. A chief finance officer is appointed by the members of the province by virtue of his election as Treasurer for the Province and he oversees the control and recording of financial transactions.
Page 3
PROVINCIAL GRAND LODGE OF NOTTINGHAMSHIRE CHARITY COMMITTEE
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
Structure, governance and management (continued)
c. Organisational structure and decision-making policies
The charity is governed by by-laws filed with the Charity Commission. It is an unincorporated association. The charity is controlled by five trustees and operates by delegating authority to a charity committee. The chair of the trustees is the Provincial Grand Master for the time being who is appointed by the Grand Master of the United Grand Lodge of England, the ruling body of the Masonic Organisation in England. The other trustees are appointed by virtue of their roles within the Province- a matter under the control of the Provincial Grand Master.
Approved by order of the members of the board of trustees on 19 April 2023 and signed on their behalf by:
P Marshall (Trustee)
A Rainbow
(Trustee)
Page 4
PROVINCIAL GRAND LODGE OF NOTTINGHAMSHIRE CHARITY COMMITTEE
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
Independent examiners' report to the trustees of Provincial Grand Lodge of Nottinghamshire Charity Committee ('the charity')
We report to the charity trustees on our examination of the accounts of the charity for the year ended 31 December 2022.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
We report in respect of our examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out our examination we have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiners' statement
Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
We understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
We have completed our examination. We confirm that no matters have come to our attention in connection with the examination giving us cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an independent examiners' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our work or for this report.
Signed: Dated:
W Bro D Wilson FCA and W Bro M R Minshall FCA Goldsmith Street, Nottingham
Page 5
PROVINCIAL GRAND LODGE OF NOThINGHAMSHIRE CHARITY COMMIThEE INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 Page 5
PROVINCIAL GRAND LODGE OF NOTTINGHAMSHIRE CHARITY COMMITTEE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| Note Income from: Donations and legacies 3 Other trading activities 4 Investments 5 Total income Expenditure on: Charitable activities 6 Total expenditure Net income/(expenditure) before net (losses)/gains on investments Net (losses)/gains on investments Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2022 £ 4,203 2,457 51,755 58,415 56,826 56,826 1,589 (209,571) (207,982) 2,015,116 (207,982) 1,807,134 |
Restricted funds 2022 £ - - - |
Total funds 2022 £ 4,203 2,457 51,755 58,415 58,510 58,510 (95) (209,571) (209,666) 2,077,716 (209,666) 1,868,050 |
Total funds 2021 £ 238 137 53,500 |
|
|---|---|---|---|---|---|
| - | 53,875 | ||||
| 1,684 | 68,614 | ||||
| 1,684 | 68,614 | ||||
| (1,684) - |
(14,739) 129,852 |
||||
| (1,684) | 115,113 | ||||
| 62,600 (1,684) |
1,962,603 115,113 |
||||
| 60,916 | 2,077,716 |
Page 6
PROVINCIAL GRAND LODGE OF NOTTINGHAMSHIRE CHARITY COMMITTEE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 8 to 19 form part of these financial statements.
Page 6
PROVINCIAL GRAND LODGE OF NOTTINGHAMSHIRE CHARITY COMMITTEE
BALANCE SHEET AS AT 31 DECEMBER 2022
| Note Fixed assets Investments 8 Current assets Debtors 11 Cash at bank and in hand Creditors: amounts falling due within one year 12 Net current assets Total net assets Charity funds Restricted funds 13 Unrestricted funds 13 Total funds |
50,937 191,278 |
2022 £ 1,630,401 237,649 |
64,724 174,581 239,305 (2,863) |
2021 £ 1,841,274 236,442 |
|---|---|---|---|---|
| 242,215 (4,566) |
||||
| 2,077,716 | ||||
| 1,868,050 | ||||
| 60,916 1,807,134 |
62,600 2,015,116 |
|||
| 2,077,716 | ||||
| 1,868,050 | ||||
The financial statements were approved and authorised for issue by the trustees on 19 April 2023 and signed on their behalf by:
P Marshall A Rainbow (Trustee) (Trustee)
The notes on pages 8 to 19 form part of these financial statements.
Page 7
PROVINCIAL GRAND LODGE OF NOTTINGHAMSHIRE CHARITY COMMITTEE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
1. Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Provincial Grand Lodge of Nottinghamshire Charity Committee meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
1.2 Going concern
At the date of signing there is a degree of uncertainty about the economic impact of COVID-19. The trustees continue to monitor the position closely however they believe the charity has sufficient reserves to continue at its current level of activity subject to ongoing investment performance and therefore continue to adopt the going concern basis.
1.3 Income
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
1.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure. Any restricted grants received but unpaid at the yearend are carried forward to the succeeding year.
Page 8
PROVINCIAL GRAND LODGE OF NOTTINGHAMSHIRE CHARITY COMMITTEE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
1. Accounting policies (continued)
1.4 Expenditure (continued)
All expenditure is inclusive of irrecoverable VAT.
1.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
1.6 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the statement of financial activities.
1.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
1.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
1.9 Liabilities and provisions
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the statement of financial activities as a finance cost.
1.10 Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Page 9
PROVINCIAL GRAND LODGE OF NOTTINGHAMSHIRE CHARITY COMMITTEE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
1. Accounting policies (continued)
1.11 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
2. General information
Provincial Grand Lodge of Nottinghamshire Charity Committee is an unincorporated charity registered in England and Wales, registration number 226943.
Page 10
PROVINCIAL GRAND LODGE OF NOTTINGHAMSHIRE CHARITY COMMITTEE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
3. Income from donations and legacies
| Donations Craft lodges Miscellaneous Brethren Total 2021 J F Mortimer Legacy Fund Market value of investments at start of year Net purchases/(sales) of investments Unrealised (losses)/gains on investments |
Unrestricted funds 2022 £ 4,100 - 103 |
Total funds 2022 £ 4,100 - 103 4,203 238 Total funds 2022 £ 986,189 13,513 (132,817) 866,885 |
Total funds 2021 £ - (25) 263 |
|---|---|---|---|
| 238 | |||
| 4,203 | |||
| Total funds 2021 £ 934,067 30,776 21,346 |
|||
| 238 | |||
| Movement in year 2022 £ 986,189 13,513 (132,817) |
|||
| 986,189 | |||
| 866,885 | |||
. J F Mortimer Legacy Fund
By his will the late Worshipful Brother John Frederick Mortimer bequeathed the residue of his estate on trust for such charities (Masonic or non-Masonic) as shall be selected by The Provincial Grand Master
Page 11
PROVINCIAL GRAND LODGE OF NOTTINGHAMSHIRE CHARITY COMMITTEE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
for Nottinghamshire at the time, Right Worshipful Brother R K Wilson, as Provincial Grand Master for Nottinghamshire directed that the residue of the estate, in the sum of £980,313, be added to the reserves of this charity and that the interest arising be distributed annually.
Page 11
PROVINCIAL GRAND LODGE OF NOTTINGHAMSHIRE CHARITY COMMITTEE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
4. Income from other trading activities
Income from fundraising events
| NCF matched funding Sundry income Total 2021 |
Unrestricted funds 2022 £ 1,501 956 |
Total funds 2022 £ 1,501 956 2,457 137 |
Total funds 2021 £ - 137 |
|---|---|---|---|
| 137 | |||
| 2,457 | |||
| 137 |
5. Investment income
| Dividends and interest NCF dividends and interest NCF market value adjustment Bank interest Total 2021 |
Unrestricted funds 2022 £ 50,900 402 449 4 |
Restricted funds 2022 £ - - - - |
Total funds 2022 £ 50,900 402 449 4 51,755 53,500 |
Total funds 2021 £ 50,478 656 2,366 - |
|---|---|---|---|---|
| 51,755 | 53,500 | |||
| - | ||||
| 586 | ||||
| 52,914 | ||||
Page 12
PROVINCIAL GRAND LODGE OF NOTTINGHAMSHIRE CHARITY COMMITTEE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
Page 12
PROVINCIAL GRAND LODGE OF NOTTINGHAMSHIRE CHARITY COMMITTEE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
6. Analysis of expenditure on charitable activities
Summary by cost description
| Masonic donations Non-Masonic donations Beneficiaries' lunch Common expenses Investment advisor fees Sundry expenses Hampers paid by Province Total 2021 |
Unrestricted funds 2022 £ 1,500 41,525 - 2,000 10,961 840 - |
Restricted funds 2022 £ - - - - - - 1,684 |
Total 2022 £ 1,500 41,525 - 2,000 10,961 840 1,684 58,510 68,614 |
Total 2021 £ - 53,729 1,253 2,000 11,632 - - |
|---|---|---|---|---|
| 56,826 | 68,614 | |||
| 1,684 | ||||
| 67,361 | ||||
| 1,253 | ||||
7. Trustees' remuneration and expenses
During the year, no trustees received any remuneration or other benefits (2021 - £NIL-).
During the year ended 31 December 2022, no trustee expenses have been incurred (2021 - £NIL).
Page 13
PROVINCIAL GRAND LODGE OF NOTTINGHAMSHIRE CHARITY COMMITTEE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
8. Fixed asset investments
| Cost or valuation At 1 January 2022 Additions Disposals Revaluations At 31 December 2022 Net book value At 31 December 2022 At 31 December 2021 |
Listed investments £ 1,841,274 115,089 (113,695) (212,267) |
|---|---|
| 1,630,401 | |
| 1,630,401 | |
| 1,841,274 |
9. Investments - unrestricted funds
| Fixed | |||||
|---|---|---|---|---|---|
| interest | Total | Total | |||
| securities | UK equities | Unit trusts | funds | funds | |
| 2022 | 2022 | 2022 | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| 439,100 | 1,694,399 | ||||
| Market value at start of year | 318,952 | 1,058,937 | 1,816,989 | ||
| 11,741 | 186,457 | ||||
| Additions | 87,167 | 16,181 | 115,089 | ||
| (30,607) | (160,828) | ||||
| Disposals | (33,872) | (49,216) | (113,695) | ||
| Net (losses)/gains | (53,157) | (41,451) | (115,127) | (209,735) | 96,961 |
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PROVINCIAL GRAND LODGE OF NOTTINGHAMSHIRE CHARITY COMMITTEE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
| 319,090 | 378,783 | 1,608,648 | 1,816,989 | |
|---|---|---|---|---|
| 910,775 | ||||
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PROVINCIAL GRAND LODGE OF NOTTINGHAMSHIRE CHARITY COMMITTEE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
10. Investments - restricted funds
| Market value at start of year Net (losses)/gains |
Unit trusts 2022 £ 24,285 (2,532) |
Total funds 2022 £ 24,285 (2,532) 21,753 |
Total funds 2021 £ 22,164 2,121 |
|---|---|---|---|
| 24,285 | |||
| 21,753 | |||
11. Debtors
| Amounts owed by participating interests Other debtors |
2022 £ 49,937 1,000 50,937 |
2021 £ 63,724 1,000 |
|---|---|---|
| 64,724 | ||
Provincial Grand Lodge of Nottinghamshire Charity Committee has entered into an arrangement with Nottinghamshire Community Foundation (NCF) whereby it has donated funds to the charity under the Grassroots Grants endowment match challenge. NCF is able to claim match funding on the donations on a ratio of 1 to 1, subject to an annual limit. These funds are invested and managed by NCF on behalf of Provincial Grand Lodge of Nottinghamshire Charity Committee and an annual management fee is payable for administering the fund. The trustees of Provincial Grand Lodge of Nottinghamshire Charity Committee are consulted annually as to how they would like to disburse the funds.
12. Creditors: Amounts falling due within one year
| 2022 | 2021 |
|---|---|
| £ | £ |
| 2,566 | 863 |
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PROVINCIAL GRAND LODGE OF NOTTINGHAMSHIRE CHARITY COMMITTEE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
| Amounts owed to other participating interests Other creditors |
2,000 4,566 |
2,000 |
|---|---|---|
| 2,863 | ||
Page 15
PROVINCIAL GRAND LODGE OF NOTTINGHAMSHIRE CHARITY COMMITTEE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
13. Statement of funds
Statement of funds - current year
| Unrestricted funds General Fund Restricted funds Beneficiaries' Social Fund Masonic Trust for Boys and Girls Portland Garden of Remembrance Grand Charity Total of funds |
Balance at 1 January 2022 £ 2,015,116 46,601 989 2,261 12,749 62,600 2,077,716 |
Income £ 58,415 |
Expenditure £ (56,826) (1,684) - - - (1,684) (58,510) |
Gains/ (Losses) £ (209,571) - - - - - (209,571) |
Balance at 31 December 2022 £ 1,807,134 |
|---|---|---|---|---|---|
| - - - - |
44,917 989 2,261 12,749 |
||||
| - | 60,916 | ||||
| 58,415 | 1,868,050 | ||||
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PROVINCIAL GRAND LODGE OF NOTTINGHAMSHIRE CHARITY COMMITTEE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
13. Statement of funds (continued)
Statement of funds - prior year
| Unrestricted funds General Fund Restricted funds Beneficiaries' Social Fund Masonic Trust for Boys and Girls Portland Garden of Remembrance Grand Charity Total of funds |
Balance at 1 January 2021 £ 1,901,457 45,147 989 2,261 12,749 61,146 1,962,603 |
Income £ 53,289 |
Expenditure £ (67,361) |
Gains/ (Losses) £ 127,731 2,121 - - - 2,121 129,852 |
Balance at 31 December 2021 £ 2,015,116 |
|---|---|---|---|---|---|
| 586 - - - |
(1,253) - - - |
46,601 989 2,261 12,749 |
|||
| 586 | 62,600 | ||||
| (1,253) | |||||
| 53,875 | (68,614) | 2,077,716 | |||
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PROVINCIAL GRAND LODGE OF NOTTINGHAMSHIRE CHARITY COMMITTEE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
14. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Fixed asset investments Current assets Creditors due within one year Total Analysis of net assets between funds - prior year Fixed asset investments Current assets Creditors due within one year Total |
Unrestricted funds 2022 £ 1,608,648 203,052 (4,566) |
Restricted funds 2022 £ 21,753 39,163 - 60,916 Restricted funds 2021 £ 24,285 38,315 - 62,600 |
Total funds 2022 £ 1,630,401 242,215 (4,566) |
|---|---|---|---|
| 1,868,050 | |||
| 1,807,134 | |||
| Unrestricted funds 2021 £ 1,816,989 200,990 (2,863) |
Total funds 2021 £ 1,841,274 239,305 (2,863) |
||
| 2,077,716 | |||
| 2,015,116 | |||
15. Related party transactions
There are no related party transactions in this accounting period (2020 - Nil).
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PROVINCIAL GRAND LODGE OF NOTTINGHAMSHIRE CHARITY COMMITTEE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
16. Non masonic donations
2022 £ 6,000 Arkwright Meadows Community Garden 1,000 Bassetlaw Citizens 600 Bassetlaw Food Bank 1,500 Bloomin Dementia 2,000 Cornwater Evergreens 530 Ecoworks 2,500 Edwalton Special Needs Fair 1,413 Evolve Nottingham 1,000 Harley Jay Trust] 1,000 Incest and Sexual Survivors 1,000 Leons Legacy 5,000 Me and Dee 1,637 Harmless CIC 2,000 Owen Pen Water Education 6,025 QMC Medical Chairs 500 Sharewear Clothing 4,880 Special Olympics 500 The Greenway Centre 1,590 The Greenway Centre 606 Tin Hat Centre 2,000 Wolfpack Project (1,756) Grants returned 41,525
Page 19
PROVINCIAL GRAND LODGE OF NOThINGHAMSHIRE CHARITY COMMIThEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Page 19