PROVINCIAL GRAND LODGE OF NOTTINGHAMSHIRE CHARITY COMMirrEE UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 PROVINCIAL GRAND LODGE OF NOTTINGHAMSHIRE CHARITY COMMITTEE Page RglergnG• and adminlstratlve dotailB of the charltyi its tru8t?•8 and advl••ryJ Tru•to08' rnport Independent examlnor•' roport 8tat•m•rt of Iln•ndal xtlvMI•8 8al•nc¢ sheet Not•s to th• fm•Tr¢l•l •tat•m•nts PROVINCIAL GRAND LODGE OF NOThINGHAMSHIRE CHARITY COMMirrEE REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 Trustees P MaT8h311 A Rainbow D Wall P Gregory R Cheethan Charfty roglstor•d numbor 226943 Prlnclpal offic• Masonic Hall Goldsmith Street Nottingham NG15LB Page 1 PROVINCIAL GRA14D LODGE OF NOTTINIIHAMSHIRE CHARifY COMMITfEE TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEM8ER 2023 NottinghamshKe Charty C￿￿mrt1ee tr the >wr trofft 1 knuary 2023 10 31 December 2(f23. The Irustees confinn that the annual report and financial 8lalemenl8 of tho charity Comply with the current slalulory requirements, the requiremen18 01 tho charit¥y governing document and the provisions of Ihe Slalémenl of Recommended Practice.. Ac￿untIng and Reporting by Charities préparing their financial 8lalemenls in accordance with the Financial Reportino Standard applicable in the UK and Republic DI Ireland IFRS 102115sued on 16 July 2014 as amended by Update Bulletin 2 lÈffeclive January 20191.and Financial Raporting Standard applicable in the United Kingdcjm and RePU￿1C of Ireland IFRS 1021 and Charities Act 2011. Pollclm And obJoctlv•• The objectNes of the charity 8re'. To 8s8i$t aged or indigent freemason8', To assist widows and chthjren of freemaso The main ad'vilies of the charity ar• lo collgct rolums from investments held and receive donations from Brethren. In settlng obSecllves and plannlng for 8cllvllie5. the Irusloes have given due eonslderallon lo genar81 guidanc8 published by the Charity Commission relating tg public benefit, including the guidance 'Public benefit.. runnin9 harity IP821'. hi•vwn•nts and wlomi•n a. Maln achlevem•nts of the ¢h•rfty We have raised approximately £74,OOU 12022. £58.0001 during the year in furtherance of our obieclives. In gddilion. our investments have ralsed, through 8ale, an amount of £179,000. and the market value of thè investment portfolio incre88ed by £60.00012022' £210,000 not decrease). Of these proceeds of sale, we have reinvested £163.000. The income iais&J has enatAed us to ¢knate £83.00012022: £43.0001 to a[￿￿ts. N(rte Flnanclal r•vi•w a. Golng ¢one•rn After making appropriate enquirie$, the Iruslees have a reasonablè expectation that the charity has adequate lesou￿$ lo eoniinue in operational existence for the foreseeable fU￿re. For this reason. we continLte lo adopt Ihe g(hry bags in Fyepamg the finanaal *alemenls. PROVINCIAL GRAND LODGE OF NOTTINGHAMSHIRE CHARITY COMMITfEE TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 b. Re••rvK policy At 21 r)er.pmbtsT 2023, the charillg fin2nrial po8itton 1$ approximately the same as the previous yoar wrth Inl*l reserves just above of £1.9 million, Our I￿0 professional fund managers collectively incroased the market value by 3.7%. Our current working capital 13 in ex¢es$ of iwenty-four monlh8' expenditure without any income, based upon the histoncally'nomial" expenditur8 trend. 11 16 the uitention of the Trustaes thal, wth Ihe excepknon ol Ihe J. F. MorlMneT Le9acy F￿￿. will in each year eqtsale lo incL¥Me receipls and thal the curreni roswves wth9 noi mcrease mO*n￿. sul4e¢t ts) fluctuations in the value of the Inv￿lMent portfolio. By 1118 will, the. 5Hlp. .lohn Fie.(lei*Lk Mtsflimpi bt'.qiipathed Itr￿. rLJ8Klue of his e.4tate on husl for sucli ty111r ¥ltie Imasonic or nOn￿aSonicI as Shall be 88lecled by The Provincial Grand Ma51ef for Noltingham5hiTe. The Provincial Grand Master al the tsme directed that the residue of the eslale, in Ihe Sum of £980,313, be added to the Reserves of this Charity and that the in18resl arising be distributed annually. 11 is also his wsh that capital payments may b9 mad8 from th9 reslduo 95 direct8d by Ihe Piovinctal lknd PA4518r from time lo lune e. Prfnclp•l rlsk• •nd uTrc•rt•irtl .Irp rp.•rinn¢ibl-. f￿r ILI* ry.111 -,f Ihp n*i(.: f?rpd h.,. +br -tr,nriP,. asyociated with the Stock exchange Investments 8nd these are managed on a discret￿nary b88is by professional fund managers. Their perfomiance is continually reviewed by the finance officer. . Constitutlon Piovii)cial (ii'aiid Lodge of NollIi)gliam￿)1re Cliarity Coniimillee is a i eyislered iliarily. iiumbor 2217943, and is constituted undef a trust deed. The management of the ch8rity18 the responsibilliy of the truslees who gre elecle(l and CO￿pIed under the tems of the trust deed. Members of the committee are elected by the members ol the Provinc8 of Nottingh8mshlTO. The Chority committee appoints a Case and Finance subrep•rBd lo glv& o 'true and fair, vlaw and have departed trom the Charities (Accounts and Report$l Regulations 2008 only lo the extonl required to provlde a 'lrue and lai¢ view. This departure has involved followlng the Charities SORP IFRS 1021 published on 16 Juty 2014 rather Iban Ihe A¢counling anii Reporting by Charities.. Statement ol Recommended Prn¢tKe effeth2 fvDm 1 2005 ivhth h85 S￿￿e been fvilhdrawn. Pr¢)vinaal Grand Lodge of Nottinghamshire Charity Committee meets the definition of a public benefit entity under FRS 102. As58ts and liabilities are initially reo)gnised at historical cost of transacts'c value unless otherwise staled in the relevant accounting policy. 1.2 Incom• AH inccrfne Is recognksed owce the tha¥ity ITr85 to IriCW,e. Il ts pr(èdle Ihal the WIN be recei￿d and the amounl of Inct￿ne receivayle can be rehably. Income lax re¢overnbl8 in reTrat￿n to inve8tment incorne is recoynised et the the inve¥tmant income is w8ivable. 1.3 Expendttur• ExpendiluTe bs rec4Jgnised On￿ there is a legal or conslnJclNe oblgalion lo transler econornic benefit lo a IhKd paty. rt ￿ wrA)aile ilw a Ifansfer ol economic beneffts be reouired In settlernent and the amount of the obligation can be moasured reliably. Expenditure Is dassified by aclivily. The costs of each aelivity are made up of the total of direct costs and shared costs, induding support costs involved in undertaking each 8clivily. Direct costs attributsble lo a single aclivily are allocated direclty lo thal actiwty. Shared costs whKh conlnbute to more than one actwty and 5UPPOrt eosls whth are ii(>t alli"Ibutable Iu O bli￿le acbvity ai"e appOrt￿ne￿ between 11)ose aLiivili&s on a L)dSiS consbSlenl with the use of Tesources. th8ntys obiectNes, as well as ary associated support cosfs. 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 8ttaching are fulfilled. CJTal)Ig off¢red subjeLI lu condiliclfl.) wliich Iiave iiol lieeii Imol ¢11 the year piid (Ire iioled as a commitment, bul not ac£rued as expenditure. Any reslricled grants received bul unpaid al the yearend are carried forward to the succeeding yBar. PROVINCIAL GRAND LODGE OF NOTTINGHAMSHIRE CHARITY COMMirrEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting pollclet (continued) 1.4 Interèst receivable Interest on funds held on deposit 18 included when receivable and the amount can be measure reliably by the tharily., this is normally upon nolificalion of the interest paid or payable by the institution with whom the funds are deposited. 1.5 Invo¥tm•nt• Fixed asset investments are a form of financial instrument and ar& initially recognised at their transaction cost and subsequently measured 81 fair value al the balance sheet date, unle55 the value cannot be measured reliably in which case il is measur8d al cost less impaimenl. Investment 98ins and losses, whether rèalised or unrealised, are combined and presented as 'GainsllLossesl on invèstments, in the statement of financial activities. Trade and othef debtorn are recognised 8t the settlement amount after any trade discount offered. Prepayments are valued al the amount prepaid net of any trade discounts due. 1.7 C*•h at bank and In hand Cash al bank and in hand includes cash and short-lerm highly liquid inv8slmenls with a Short maturity of three months or less from the d8t8 of acquiNtion or opening of the deposit o¥ smiiar accaunL 1.8 Llabllltl•s •nd provlslon¥ Ligbililles 8re recognised when there is an obligation 8t the bJl8nce sheet c18te as a result of B pa51 event, il is probable that a transfor of economic benefit will be requirèd in settlement, and the amount of the Settlement can be eslimaled reliably. Liabllilie$ are r8cogni5ed al the amount that the charity anticipates il will pay to settlè the debt or the Provisions are méasurod 8t the be61 estimate of the amounlB réquired to Settle the obligation. Where the effed of the lime value of money is material, the provision 13 based on the PT888nl v8lue of those 8rNoiJnls, discounted al the pre-tax discouiil rdle that rellecls the ri%ks %pecilic to the liability. The unwinding of the discount is recognised in the statement of frnanclal actlvilles as a finance c08L 1.9 Flnancl•l In*trum•nts The eharity only has financaal 8S80ts and finanual liabkn.os ol a kwwj lh* qvalty as b3x fin•)rAal instruments. Basic financial instnJm8nls are inilialty Tecognitsed at Iran&Ytion value and subsequenty mea8ured al their $8ttlement value with the eX￿pIlOn of bank loans which aTe subsequenlly measured al amortisod c081 using the effective interest method. Page 9 PROVINCIAL GRAND LODGE OF NOTTINGHAPISHIRE CHARITY COMMirrEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2023 Accountlng poll¢lM Icontlnu•dl 1.10 Furbd •ecouhOno General funds 8re unre81ricted funds whlch are available for use al Ihg di5crgllon ol Ihg Irusloe8 in furtherance of the general objective8 of the charity and whlch have not been d8819n8ted for other purposes. R88tricted funds aT8 funds which are to be uged in accordance with 8peclflc re¥triclion3 impo8èd ty donors or whith have been raised by Iho charity for particular purposes. The costs of raising and administering suth funds are tharged against the speth fund. The aim UB& of ea¢h re$lricted fund Is sel oul in Ihe noles to Ihe financial 8talen)enl8. Investrnent income. gains and losses are allocated lo the appropriate fund. Gonoral Inlorniatlon Provincial Grand Lodgg al Notknnghamshire Chwity Commiltee is iewlered in Page10 PROVINCIAL GRAND LODGE OF NorriNGHAMSHIRE CHARITY COMMirrEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Incomè from donatlons •nd legacle Unrttstri¢tod fund* 2023 Total fund$ 2023 Total funds 2022 Donatlon Craft lodges Brethren 100 20,000 100 20,000 4,100 103 20,100 20,100 4,203 TrAal 2022 4,203 4,203 J F Mortlm¢r Logacy Fund Movem•nt ye•r 2023 Total tund• 2023 Totol funds 2022 Market valu8 of inveslm8nt8 Bt start of year Net purcha88sllsalo$1 ol Investments Unrealised Ilos8•sllg8ins on inve$lmenl$ 866.885 113,3341 29,650 868,88S 113,3341 29.560 986, 189 13.513 1132.8171 883.101 883.1 866,885 By hi8 will the late Wor8hipful Brother John Frederick Mortimer bequeathed the residue of his eslale on Iriisl for sijch charities Imasnnic or nDn-Masoiiicl as sliall be selected by The Provincial Cjrand Master lor Nottinghamshire al the lime, 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 gdded lo the reserveB of this Charity and that the interest arising be distributed annualty. P8go 11 PROVINCIAL GRAND LODGE OF NOTTINGHAIISHIRE CHARITY COMPAIThEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Incom• from oth•r trndlng actlvltlo• Incom• Irom fundr•tslnq •v•nts Unr•¥trlct•d fund8 2023 Total fund• 2023 Totsl funds 2022 NCF matd)ed fundlng 1.501 2,457 Totsl 2022 2,457 2,457 Inv••tm•nt In¢om• Unr•8trletèd funds 2023 Total fund¥ 2023 Total funds 2022 Dividends and intere81 NCF dNthnds and wtye5t NCF market value adjustment Bank interest 53.576 53,578 50,900 449 129 129 53,705 53,705 51,755 Totsl 2022 51.755 51.755 Paje 12 PROVINCIAL GRAND LODGE OF NOTTINGHAMSHIRE CHARITY COMMITTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Anatysls of •xp•ndiiurn on chalilabl• actlvltlo8 Summary by cost descrlptlon Unr•strict•d R•stri¢tod lunds funds 2023 2023 Totsl 2023 Total 2022 Masonic donation5 Non-MasoniG donations Widows, Christm88 lunch Common expenses 1.500 41,525 83,295 83.296 984 2,000 10.019 8.345 2,000 10.IM9 2,000 10,961 Sundry expenses Hampers paid by Province 1,684 101,659 102,643 58,510 Totsl 2022 56.826 58.510 Trusloo8' r•mun8rat5on and •xpgnsgs Durfng th• year, no tru$loes Tecoiv•d any remunerotion or other benefil812022 - £NILI. Durlng the year 8nded 31 Decemkér 2023. no trustee expènses hovo bèèn incurr•d12022- £NILI. Page 13 PROVINCIAL GRAND LODGE OF NOTnNGHAMSHIRE eHARrrY COMMIThEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Flx•d a•••t Inv••iTn• Ll8tod InYe8tm•nt• Co•t or v•luatlon At 1 January 2023 AddrtvJns Di5P05als Revaluations 1,630,401 163,237 1178,9331 7S.366 Al 31 D¢￿mber 2023 1,690,071 Net book valu• Al 31 December2023 1,690.071 Al 31 December 2022 1,630,401 Inv••tm•nl•- unr•¥trlct•d fvnds Flxod Int•rn8t $ocurities UK gquitie$ 2023 2023 Total funds 2023 Total funds 2022 Unlt trusts 2023 Markel value at start Additions Disposals Net Ilo$sesllgains Transfers 319.0 44,669 183,9341 8.636 378.783 95,290 155.3791 193 910,715 23,278 139,6201 66,537 68,780 1.6(18.648 1,816,989 163,237 115,089 1178,9331 1113,6951 76,366 1209,7351 21,763 147,027} 288,461 371.860 1,029.750 1,690,071 1,608,648 Pwje 14 PROVINCIAL GRAND LODGE OF NOThINGHAMSHIRE CHARITY COMMIThEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 10. Inv•stm•nts- v•slrlct•d fvnds Total funds 2023 Total funds 2022 Unlt trusts 2023 Martet V81LEe at Start of yew Transfers Net Ilossesllgains 21.753 121,7531 21.753 121.7531 24285 12,5321 21,753 11. 2023 2022 Amounts owad by participoling interests Other debtors 6.408 1,000 49.937 1,000 50,937 Provincial Grand Lodg8 of Nollinghamshire Charity Committee has entered Snto an orrangemenl wth Ntsltingh81nshir& CtsmmL11l11y Foundation INCF5 whereby it h3s donated fui)ds to the c11ai.ily under the Grassroots Grants endowment m81ch challènge. NCF ig able Ic claim match funding on tha donations on ratio of 1 10 1, subject lo an annual limit. The¥e fund8 are invested and managad by NCF on bèhalf of Provincial Grand Lodge of Nottinghamshire Charity Commi1188 and an annual management fee 18 payable foi arkninistering Ihe fund. The trustees of Provinc￿1 Grand Lodge Df Noltinghamshire Charity Cr•dltor•'. Amounto falllng du• wlthln on• y••r 2023 2022 Amounts owed lo other participating interests Other crnditor8 2,000 2.000 6,566 4.568 Page 15 PROVINCIAL GFiAND LODGE OF NOTTINGHAMSHIAE CHARiff COPJiMITTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 13. Flnanclal In•trum•nts 2023 2022 Flnanclal I•￿t• Financial assets measured at 18lr value through in¢om• and expenditure 224.665 191,278 2023 2022 Flnanclal Nabllltlog Olhei financial liabililies measured al fair value Ihrou9h income and expenditure 6.S66 4,566 Flnancial assets measured at fair value through income and expenditurè comprise bank balances. Olher financlal h'abih'ties measured at f8ir value through income and expendrture eompri$8 ¢redttors and PaJe 16 PROVINCIAL GRAND LODGE OF NOThINGHAMSHIRE CHARITY COMMITfEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 1& Statement of funds Stat•m•nt ol fund& - curr•nt year Balanc• at 31 Gainjl December Incomo Exp•nditUfe (Los￿} 8alanco at 1 January 2023 Unr•strloted fund8 Gentsral Fund 1,807,134 73.805 1101.6591 75,366 1,854,646 Ro•trlct•d funds 917 43.933 Masonic Trust for Boys and GiTI$ Portland Garden of Remembrance Grand Chaiity 989 989 2,261 12,749 2,261 12,749 60,916 (914) 69.932 Totsl offund• 1,868,080 73,80S 1102,643) 75,366 1,914.578 Page 17 PROVINCIAL GRAND LODGE OF NOTTINGHAMSHIRE CHARITY COMMITfEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 14. Stat•m•nt of funds Iconllnuedl stst•m•nt ot fvnd•- prlor y••r Balance at 31 Docember 2022 Balance al 1 January 2022 Gainsl ILo8se81 Income Expenditurè Unmtrict•d fundA Gwwal Fund 2.015,116 58.415 156.8261 1209.5711 1.807,134 RMtrlct•d fund• Benèficlarie8' S¢xial Fund Masonic Trust for Boys and 46,801 11,6841 44.917 989 989 Portiand Garden of Remembranee Grand Chanty 2.261 12,749 2.261 12,749 62,600 11,6841 60,916 Total of fund• 2,077.716 58.415 158,5101 1209,5711 1,868,050 Pase 18 PROVINCIAL GRAND LODGE OF NorriNGHAMSHIRE CHARITY COMMITTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 15. Anafysls of not assets between funds Analysis of n•t assets b•tw••n funds- curTant year Unre•trlctod ReJtrlct•d funds funds 2023 2023 Total fund8 2023 Fixed 888et inv8$trnents Current assets Creditors due within one year 1.690,071 171,141 {6.5661 1,690,071 231,073 {6,5661 59,932 Total 1,854,646 59.932 1,914,678 Analy818 of n•t ••sot• b•tw•en funds - prfor y••r Unreslri¢tÈd fund8 2022 R¢$lrlcted funds 2022 Total funds 2022 Fixed a8$et invastrnents Current asset8 Creditors due wiihln one year 1,e08.648 203.052 14.5661 21.753 39,163 1,630.401 242,215 14,5661 80,916 1,868,050 Total 1,807,134 Thére are no related p8ty ITansactions in thi8 accounting PeTlod12022- Nill. Page19 PROVINCIAL GRAND LODGE OF NOTTINGHAMSHIRE CHARITY COMMITTEE NOTES TO THE FINANCIAL STATEMEP4TS FOR ThE YEAR ENDED 31 DECEMBER 2023 17. Non m•sonlc donatlon8 2023 lrywoving LT*￿ Nottingham Rainworth and Blidworth Amy Cadets Nottingh8mshire County Scout$ Hetty's Carers Foundation Sharew¢ar Spbce Foundath)n STAA Trusty St68d Greyfriars CIC Social Club Social Action Hub Mansfield Boxing Academy Moo Haven Helpful Bureau Breaking Barriers Jigsaw Youth Club Open Minds Snainlon Hem1ilage Bee$ton Rylands Disabilty Nottinyh¥nshwe SHE Jordan's Weeones Cruse Nottinghamshire Colwi¢k Lifeguards Wolpack Project Nottingham Blood Bikes Ettwajlon Lodge Special Need5 Far Newark Dementia Carers Focu8 on Young People Basseil8W My Sight Nottingham Literacy Volunteers S,DOO 3.669 4.000 6,000 5,000 3,838 1,OQQ 1.812 1.616 1,000 1.637 1.000 700 530 602 1,000 1,340 1.164 1,$47 834 2.250 4,616 600 4.950 5.000 3.000 5.01)O 2.100 7,500 5.000 Py20