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2021-06-30-accounts

REGISTERED CHARITY NUMBER: 233632

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

FOR RICHARD HENRY HOLMES MASONIC BENEVOLENT FUND

Read, Milburn & Co 71 Howard Street North Shields Tyne and Wear NE30 1AF

RICHARD HENRY HOLMES MASONIC BENEVOLENT FUND

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 to 16
Investment Register 17 to 18

RICHARD HENRY HOLMES MASONIC BENEVOLENT FUND

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021

The trustees present their report with the financial statements of the charity for the year ended 30 June 2021. The trustees have adopted the provisions of 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 2019).

OBJECTIVES AND ACTIVITIES

The objects of the fund are:

During the year under review, donations amounting to £20,348 (2020: £1,000) were made to Masonic charities, organisations and worthy causes, £91,833 (2020: £93,107) to non-masonic charities and £63,099 (2020: £62,944) to others. The grants of £1,500 (2020: £2,000) were all made to dependants of Freemasons.

Public benefit

The Charity Commission has set out general principles to be used in assessing the public benefit of UK charities. To ensure it meets these principles, the Trust must be able to demonstrate that its work benefits the public or a section of the public, that people on low incomes are able to benefit, and that any private benefit is incidental. In exercising their powers and duties, the trustees have given due consideration to the Charity Commission's guidance on public benefit.

ACHIEVEMENT AND PERFORMANCE

All requests from Freemasons for assistance during the period were able to be met from the fund.

FINANCIAL REVIEW

Financial position

The accounts for the year ended 30 June 2021 are presented to comply, as far as possible, with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Total expenditure including donations amounted to £217,876 compared to £198,137 in 2020 which meant that the net deficit for the year before movements on investments amounted to £63,504 compared to a deficit of £13,102 in 2020.

At 30 June 2021, the reserves of the charity amounted to £7,486,228 (2020: £6,645,521).

Page 1

RICHARD HENRY HOLMES MASONIC BENEVOLENT FUND

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021

FINANCIAL REVIEW - continued

Principle funding sources

The principle funding source has continued to be income from investments. Income from investments amounted to £154,372 compared to £185,035 in 2020. Donations from Lodges, Chapters and Bretheren amounted to £nil compared to £nil in 2020. Legacy donations amounted to £nil compared to £nil in 2020.

Investment policy and performance

During the year, because of an increase in the value of stocks and shares, a surplus of £904,211 was made on investments compared to a deficit of £109,424 in 2020.

Brewin Dolphin Limited is the Fund's Investment Manager and at 30 June 2021 it had £7,409,912 under discretionary management.

Reserves policy

The reserves of the charity are kept under review by the Management Committee on a regular basis. The level of investment return and the scale of reserves has been determined to maintain the capital base in 'real-terms' and to provide sufficient returns to meet the liabilities arising from current beneficiaries and cases of future need.

FUTURE PLANS

The Management Committee does not envisage any material changes to the operation of the Fund.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution

Richard Henry Holmes Masonic Benevolent Fund was established on 15 November 1977 and the Governing Document was last amended on 30 October 2019.

Richard Henry Holmes Masonic Benevolent Fund is registered with the Charity Commission, Registration Number 233632.

The charity is controlled by its Governing Document, a deed of trust, and constitutes an unincorporated charity.

Organisation

The Trustees shall be The Provincial Grand Master, The Deputy Provincial Grand Master, The Assistant Provincial Grand Masters, The Provincial Grand Secretary, The Assistant Provincial Grand Secretary, all of the Provincial Grand Lodge of Northumberland; The Treasurer of the Fund, appointed by resolution of the Provincial Grand Lodge of Northumberland, and three other Trustees who shall be elected at the Annual General Meeting of the Fund. Every Trustee must be a member of a Lodge in the Province of Northumberland.

Management

The charity is managed by a Management Committee consisting of the Trustees and any other members co-opted to serve on the Management Committee.

For the purposes of the Charities Act 2011, the members of the Management Committee are the Charity Trustees.

Page 2

RICHARD HENRY HOLMES MASONIC BENEVOLENT FUND

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT - continued

Committees

The Management Committee has the power to appoint sub-committees for purposes to be specified by the Management Committee provided that all acts and proceedings of any such sub-committee are reported back to the Management Committee as soon as possible.

The Custodian Trustees are a subcommittee responsible for the capital of the fund and for investing and reinvesting the funds as directed under any resolution passed by a simple majority of the committee.

Related parties

The Provincial Grand Lodge of Northumberland is a related party by reason of its ability to appoint and remove the charity's trustees, the annual appointment of the charity's Treasurer and the influence it is able to exert upon the Management Committee through its representatives who sit on the Management Committee.

Risk management

The Management Committee has assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Fund, and is satisfied that systems are in place to mitigate exposure to the major risks.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

233632

Principal address

Provincial Grand Lodge of Northumberland 17 Lansdowne Terrace Gosforth Newcastle upon Tyne NE3 1HP

Page 3

RICHARD HENRY HOLMES MASONIC BENEVOLENT FUND

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021

REFERENCE AND ADMINISTRATIVE DETAILS - continued

Trustees

J J Craigs (Chairman) R D Lillie (retired 1 August 2020) I M Gilberg FCIS B W Denton (retired 1 August 2020) K P Stannard G R Smith S Cairns A J P Watson J Tomlin (retired 24 May 2021) G Craigs (appointed 1 August 2020) G J Sanger (appointed 1 August 2020) P A Pages (appointed 24 May 2021)

The first nine Trustees are appointed by the Provincial Grand Lodge of Northumberland.

N B West R D Dawson C J Gibbs

The remaining three Trustees were elected at the Annual Meeting of the Fund.

Treasurer

I M Gilberg FCIS

The Treasurer of the Fund is appointed by resolution of the Provincial Grand Lodge of Northumberland.

Independent Examiner

Read, Milburn & Co 71 Howard Street North Shields Tyne and Wear NE30 1AF

Bankers

Barclays Bank PLC Valley House Seventh Avenue Team Valley Gateshead NE3 1HP

Page 4

RICHARD HENRY HOLMES MASONIC BENEVOLENT FUND

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021

REFERENCE AND ADMINISTRATIVE DETAILS - continued

Investment managers

Brewin Dolphin Limited Time Central Gallowgate Newcastle upon Tyne NE1 4SR

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on 27 October 2021 and signed on its behalf by:

I M Gilberg FCIS - Trustee

Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RICHARD HENRY HOLMES MASONIC BENEVOLENT FUND

Independent examiner's report to the trustees of Richard Henry Holmes Masonic Benevolent Fund

I report to the charity trustees on my examination of the accounts of Richard Henry Holmes Masonic Benevolent Fund (the Trust) for the year ended 30 June 2021.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. 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.

I 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.

Nicholas J Liley Read, Milburn & Co 71 Howard Street North Shields Tyne and Wear NE30 1AF

22 November 2021

Page 6

RICHARD HENRY HOLMES MASONIC BENEVOLENT FUND

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2021

Notes
INCOME AND ENDOWMENTS FROM
Investment income
2
Total
EXPENDITURE ON
Raising funds
3
Charitable activities
4
Charitable expenditure
Total
Net gains/(losses) on investments
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 2021
Unrestricted
fund
£
154,372
154,372
37,018
180,858
217,876
904,211
840,707
6,645,521
7,486,228		 2020
Total
funds
£
185,035
185,035
35,105
163,032
198,137
(109,424)
(122,526)
6,768,047
6,645,521

The notes form part of these financial statements

Page 7

RICHARD HENRY HOLMES MASONIC BENEVOLENT FUND

BALANCE SHEET 30 JUNE 2021

Notes
FIXED ASSETS
Investments
8
CURRENT ASSETS
Debtors
9
Cash at bank
CREDITORS
Amounts falling due within one year
10
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
11
Unrestricted funds
TOTAL FUNDS		 2021
2020
Unrestricted
Total
fund
funds
£
£
7,409,912
6,548,492
19,268
25,322
70,220
84,070
89,488
109,392
(13,172)
(12,363)
76,316
97,029
7,486,228
6,645,521
7,486,228
6,645,521
7,486,228
6,645,521
7,486,228
6,645,521

The financial statements were approved by the Board of Trustees and authorised for issue on 27 October 2021 and were signed on its behalf by:

J J Craigs - Chairman

The notes form part of these financial statements

Page 8

RICHARD HENRY HOLMES MASONIC BENEVOLENT FUND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, 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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The presentation currency of the financial statements is the Pound Sterling (£).

Going Concern

The financial statements are prepared on the going concern basis. In the opinion of trustees, no material uncertainties exist about the charity's ability to continue.

Income recognition

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.

Donations are recognised when the charity has received the donation or the charity has been notified in writing of both the amount and settlement date.

Legacy gifts are recognised on a case by case basis following the granting of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the title to the asset having being transferred to the charity.

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 bank. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. This is normally upon notification by our investment adviser of the dividend yield of the investment portfolio.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation

The charity is exempt from tax on its charitable activities.

continued...

Page 9

RICHARD HENRY HOLMES MASONIC BENEVOLENT FUND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021

1. ACCOUNTING POLICIES - continued

Fund structure

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity.

The fund is available for distribution as the Management Committee sees fit in accordance with the governing rules, including grants or loans to Freemasons and their dependents and the dependents of deceased Freemasons, donations or loans to local Masonic and non-Masonic charities and organisations and worthy causes within the Masonic Province of Northumberland, relief or assistance in exceptional or urgent cases and insofar as the foregoing objects have been exhausted relief or assistance within and outwith the United Kingdom.

Fixed asset investments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes net gains and losses arising on revaluation and disposals throughout the year.

The trust does not acquire put options, derivatives or other complex financial instruments.

The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities with particular sectors or sub-sectors.

Debtors

Debtors (including prepayments) are recognised at the settlement amount due (or amount prepaid) .

Cash at bank

Cash at bank includes cash and short term highly liquid investments.

Creditors

Creditors (including accruals) are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.

Realised gains and losses

All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains are combined in the Statement of Financial Activities.

Irrecoverable VAT

Irrecoverable VAT is charged against the expenditure heading for which it was incurred.

continued...

Page 10

RICHARD HENRY HOLMES MASONIC BENEVOLENT FUND

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2021
2.
INVESTMENT INCOME
2021
£
Income from managed investments
153,448
Bank interest
18
Loan interest
906
154,372
3.
RAISING FUNDS
Investment management costs
2021
£
Portfolio management
37,018
All of the investment management costs are in respect of discretionary management fees.
4.
CHARITABLE ACTIVITIES COSTS
Charitable expenditure
2021
£
Direct costs (note 5)
176,780
Support costs (note 6)
4,078
180,858		 2020
£
183,735
157
1,143
185,035
2020
£
35,105
2020
£
159,051
3,981
163,032

continued...

Page 11

RICHARD HENRY HOLMES MASONIC BENEVOLENT FUND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021

5.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Grants
Donations
Analysis of Donations
Masonic organisations (note 12)
Local non-masonic charities
Other
6.
SUPPORT COSTS
Charitable expenditure
Independent examiner's remuneration
Secretarial costs (note 12)
Meeting costs
Bank charges		 2021
£
1,500
175,280
176,780
2021
£
20,348
91,833
63,099
175,280
2021
£
1,260
2,350
374
94
4,078		 2020
£
2,000
157,051
159,051
2020
£
1,000
93,107
62,944
157,051
2020
£
500
2,350
1,013
118
3,981

continued...

Page 12

RICHARD HENRY HOLMES MASONIC BENEVOLENT FUND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2021 nor for the year ended 30 June 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2021 nor for the year ended 30 June 2020.

8. FIXED ASSET INVESTMENTS

Shares
Other		 2021
£
7,153,593
256,319
7,409,912		 2020
£
6,360,693
187,799
6,548,492

Additional information as follows:

MARKET VALUE
At 1 July 2020
Additions
Disposals
Revaluations
At 30 June 2021
NET BOOK VALUE
At 30 June 2021
At 30 June 2020		 Listed
investments
£
6,360,693
1,142,151
(1,253,462)
904,211
7,153,593
7,153,593
6,360,693

There were no investment assets outside the UK.

continued...

Page 13

RICHARD HENRY HOLMES MASONIC BENEVOLENT FUND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021

8. FIXED ASSET INVESTMENTS - continued

Investments (neither listed nor unlisted) were as follows:

Managed investment cash 2021
£
256,319		 2020
£
187,799

The investments at fair value of £7,409,912 (2020: £6,548,492) are all under the discretionary management of Brewin Dolphin and a detailed analysis of the investments held is set out on pages 17 and 18.

9. DEBTORS

Amounts falling due within one year:
Other debtors
Amounts falling due after more than one year:
Other debtors
Aggregate amounts
Analysis of debtors
Loans to Masonic Lodges in the Province of Northumberland (note 12)		 2021
£
6,153
13,115
19,268
2021
£
19,268		 2020
£
6,054
19,268
25,322
2020
£
25,322

As disclosed in note 12, the loans to Masonic Lodges in the Province of Northumberland are payable over an extended time period. At 30 June 2021 £13,115 is due after more than one year (2020: £19,268).

continued...

Page 14

RICHARD HENRY HOLMES MASONIC BENEVOLENT FUND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021

10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accruals and deferred income
11.
MOVEMENT IN FUNDS
At 1/7/20
£
Unrestricted funds
General fund
6,645,521
TOTAL FUNDS
6,645,521
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
154,372
(217,876)
TOTAL FUNDS
154,372
(217,876)
Comparatives for movement in funds
At 1/7/19
£
Unrestricted funds
General fund
6,768,047
TOTAL FUNDS
6,768,047		 2021
£
13,172
Net
movement
in funds
£
840,707
840,707
Gains and
losses
£
904,211
904,211
Net
movement
in funds
£
(122,526)
(122,526)		 2020
£
12,363
At
30/6/21
£
7,486,228
7,486,228
Movement
in funds
£
840,707
840,707
At
30/6/20
£
6,645,521
6,645,521

Page 15

continued...

RICHARD HENRY HOLMES MASONIC BENEVOLENT FUND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021

11. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
185,035
185,035		 Resources
expended
£
(198,137)
(198,137)		 Gains and
Movement
losses
in funds
£
£
(109,424)
(122,526)
(109,424)
(122,526)

12. RELATED PARTY DISCLOSURES

The charity is controlled by the Provincial Grand Lodge of Northumberland which appoints 75% of the Trustees of the charity.

Neither the Trustees nor any members co-opted to the Management Committee received any form of remuneration or other benefit. No reimbursement of expenses has been made to any of the Trustees or members co-opted to the Management Committee.

The charity does not employ any employees. Secretarial services are provided by the Provincial Grand Lodge of Northumberland and a contribution is made towards the cost of secretarial services, office accommodation and general overheads. A contribution was made totalling £2,350 (2020: £2,350) during the year under review.

During the year ended 30 June 2017, secured loans were made to two Lodges in the Province of Northumberland. £23,500 was loaned to the United Masonic Lodges of Shiremoor, repayable over 5 years with interest being charged at 4% per annum compounded monthly, and £19,010 was loaned to Lord Warkworth Lodge No. 1879, repayable over 15 years with interest being charged at 4% per annum compounded quarterly. At 30 June 2021 £4,968 and £14,300 were due to the charity respectively (2020: £9,882 and £15,440).

During the year £20,348 was donated to masonic organisations in the Province of Northumberland.

Page 16

RICHARD HENRY HOLMES MASONIC BENEVOLENT FUND

INVESTMENT REGISTER AT 30 JUNE 2021

Security
Holding
£
Admiral Group Ord £0.001
3,000.00
Aegon Sterling Corp Bond Inc Units
168,099.04
Artemis US Select Fund Inc Units
150,000.00
Ashtead Group Ord £0.10
1,400.00
Baillie Gifford American Fund W1 Inc Units
6,500.00
Baillie Gifford Japanese Fund W1 Inc Units
5,000.00
Blackrock Contl Eurp Inc D Units
90,000.00
Blackrock European Dynamic Fund
60,000.00
BNY Mellon Asian Income Fund U Inc Units
117,273.19
BNY Mellon Global Dynamic Bond Fund Exempt 3 Acc Units
148,360.34
Compass Grp PLC £0.1105
3,846.00
Croda International Ord £0.10609756
1,000.00
Diageo Ord 28 101/108p
2,000.00
Experian Ord USD0.10
2,810.00
Fidelity Asia Fund W Acc Units
10,000.00
Fidelity Emerging Markets Fund R Acc Units
63,407.99
First Sentier Stewart Asia Pacific Leaders Fund Acc Units
10,000.00
Fundsmith Global Equity Fund Inc Units
20,000.00
GlaxoSmithKline - Ord 25p
3,300.00
Intercontl Hotels Ord £0.208521303
530.00
IShares Core S&P 500 UCITS ETF USD Dist Units (GBP)
11,460.00
IShares FTSE 250 UCITS ETF GBP Dist Units (GBP)
4,000.00
IShares Physical Gold ETC
6,000.00
IShares III £ Corp Bond Ex-Fin UCITS ETF Dist Units (GBP)
2,200.00
JPMorgan Gbl Macro Opps C Fund Inc Units
70,000.00
JPMorgan US Equity Inc K Fund Units
200,000.00
Jupiter Japan Income Fund Z GBP Dist Units
80,000.00
Legal & General Group Ord £0.025
28,000.00
Legg Mason RARE Global Infrastructure Inc Fund Units
100,000.00
Mercantile Inv Trust Ord £0.025
25,000.00
Morgan Stanley BV 6Y UKX SPX 5.15% Inc Units
70,000.00
Muzinich Global Tactical Credit Fund G Inc Units
2,400.00
National Grid Ord £0.12431289
9,000.00
National Westminster Bank 11.5% Sub Cnv Notes
30,000.00
Nationwide BS 10.25% JR Sub Def Shs 29/06/49
330.00
Personal Assets Trust Ord £12.50
600.00
Princess Private Equity Ord Euro 0.001
6,000.00
Prudential Ord £0.05
4,500.00
RELX PLC Ord £0.1444
3,500.00
Rio Tinto Ord £0.10
1,400.00
Carried forward		 Cost
Market Value
£
£
55,258.20
94,320.00
154,462.40
175,310.49
310,379.60
403,230.00
19,672.18
75,096.00
100,567.50
130,130.00
72,533.36
90,650.00
123,238.44
163,080.00
68,794.96
166,530.00
114,967.10
138,546.54
153,143.12
147,128.95
41,796.61
58,536.12
46,591.14
73,680.00
34,276.45
69,220.00
69,532.90
78,286.60
181,575.00
194,800.00
53,141.23
94,034.05
66,342.02
100,358.00
56,270.69
113,644.00
5,615.37
46,840.20
13,992.61
25,493.00
295,279.40
354,787.28
51,770.00
84,520.00
145,566.50
149,640.00
254,462.38
295,834.00
104,600.00
120,260.00
195,403.78
270,600.00
83,779.38
91,432.00
62,786.70
72,128.00
100,012.50
120,000.00
48,142.83
64,500.00
70,012.50
73,430.00
244,230.50
251,952.00
73,858.20
82,872.00
35,037.50
57,949.58
33,012.50
54,212.42
254,013.50
286,200.00
32,062.40
66,443.47
47,408.58
61,807.50
66,029.77
67,165.00
32,488.34
83,286.00
3,972,108.14
5,147,933.20		 Cost
Market Value
£
£
55,258.20
94,320.00
154,462.40
175,310.49
310,379.60
403,230.00
19,672.18
75,096.00
100,567.50
130,130.00
72,533.36
90,650.00
123,238.44
163,080.00
68,794.96
166,530.00
114,967.10
138,546.54
153,143.12
147,128.95
41,796.61
58,536.12
46,591.14
73,680.00
34,276.45
69,220.00
69,532.90
78,286.60
181,575.00
194,800.00
53,141.23
94,034.05
66,342.02
100,358.00
56,270.69
113,644.00
5,615.37
46,840.20
13,992.61
25,493.00
295,279.40
354,787.28
51,770.00
84,520.00
145,566.50
149,640.00
254,462.38
295,834.00
104,600.00
120,260.00
195,403.78
270,600.00
83,779.38
91,432.00
62,786.70
72,128.00
100,012.50
120,000.00
48,142.83
64,500.00
70,012.50
73,430.00
244,230.50
251,952.00
73,858.20
82,872.00
35,037.50
57,949.58
33,012.50
54,212.42
254,013.50
286,200.00
32,062.40
66,443.47
47,408.58
61,807.50
66,029.77
67,165.00
32,488.34
83,286.00
3,972,108.14
5,147,933.20
5,147,933.20

This page does not form part of the statutory financial statements

Page 17

RICHARD HENRY HOLMES MASONIC BENEVOLENT FUND

INVESTMENT REGISTER AT 30 JUNE 2021

Security
Holding
£
Brought forward
River & Mercantile UK Equity Smaller Cos Units
30,856.89
Robeco Global Credits IBH GBP Inc Units
1,000.00
Royal Dutch Shell B Ord Euro 0.07
6,500.00
Schroder Global Cities Real Estate L Dis Units
160,000.00
Schroders VTG SHS GBP1
1,000.00
Smith & Nephew Ord USD0.20
4,090.00
Taylor Wimpey Ord £0.01
12,000.00
Tritax Big Box REIT Ord £0.01
60,000.00
TwentyFour Corp Bond Fund I GBP Dist Units
3,000.00
Unilever Ord £0.03111
1,800.00
Vanguard S&P 500 UCITS ETF USD Inc Units
7,000.00
Vanguard UK Govt Bond Index Fund Institutional Plus Inc Units
900.00
UK Govt 6% Stk 07/12/2028
160,000.00
UK Govt 4.25% Stk 07/06/2032
120,000.00
Managed Investment Cash		 Cost
Market Value
£
£
3,972,108.14
5,147,933.20
31,675.68
120,064.88
111,992.50
109,490.00
79,673.44
90,935.00
125,045.46
149,632.00
16,009.38
35,130.00
64,616.28
63,906.25
18,313.50
19,074.00
90,859.80
117,780.00
307,017.51
314,670.00
37,060.14
76,149.00
164,888.10
412,510.00
102,276.64
109,536.39
241,319.40
223,762.48
152,709.38
163,019.49
256,319.42
256,319.42
5,771,884.77
7,409,912.11		 Cost
Market Value
£
£
3,972,108.14
5,147,933.20
31,675.68
120,064.88
111,992.50
109,490.00
79,673.44
90,935.00
125,045.46
149,632.00
16,009.38
35,130.00
64,616.28
63,906.25
18,313.50
19,074.00
90,859.80
117,780.00
307,017.51
314,670.00
37,060.14
76,149.00
164,888.10
412,510.00
102,276.64
109,536.39
241,319.40
223,762.48
152,709.38
163,019.49
256,319.42
256,319.42
5,771,884.77
7,409,912.11
7,409,912.11

This page does not form part of the statutory financial statements

Page 18