**REGISTERED CHARITY NUMBER: 233632**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
**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 2023**
||**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 2023**
The trustees present their report with the financial statements of the charity for the year ended 30 June 2023. 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:
- A) To make grants or loans to Freemasons, the wives, partners, children, grandchildren and other dependents of Freemasons and the widows, former partners, children, grandchildren and other dependents of Deceased Freemasons;
- B) To make donations or loans to local Masonic and non-Masonic charities and organisations and worthy causes;
- C) To give relief and assistance in exceptional or urgent cases and in so far as the foregoing objects have been exhausted to give relief or assistance within and outwith the United Kingdom;
- D) To further such other charitable purposes and carry out or support such charitable activities as the Trustees may from time to time decide.
During the year under review, donations amounting to £1,550 (2022: £5,000) were made to Masonic charities, organisations and worthy causes, £86,637 (2022: £63,570) to non-masonic charities and £44,522 (2022: £42,810) to others. The grants of £nil (2022: £1,000) 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 2023 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 £182,018 compared to £157,513 in 2022 which meant that the net surplus for the year before movements on investments amounted to £18,288 compared to a surplus of £15,790 in 2022.
At 30 June 2023, the reserves of the charity amounted to £6,958,085 (2022: £6,835,069).
Page 1
**RICHARD HENRY HOLMES MASONIC BENEVOLENT FUND**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023**
## **FINANCIAL REVIEW - continued**
## **Principal funding sources**
The principal funding source has continued to be income from investments. Income from investments amounted to £200,186 compared to £163,605 in 2022. Donations from Lodges, Chapters and Bretheren amounted to £120 compared to £120 in 2022. Legacy donations amounted to £nil compared to £9,578 in 2022.
## **Investment policy and performance**
During the year, because of an increase in the value of stocks and shares, a surplus of £104,728 was made on investments compared to a deficit of £666,949 in 2022.
Brewin Dolphin Limited is the Fund's Investment Manager and at 30 June 2023 it had £6,809,230 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 coopted 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 2023**
## **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 2023**
## **REFERENCE AND ADMINISTRATIVE DETAILS - continued**
## **Trustees**
J J Craigs (Chairman) I M Gilberg FCIS K P Stannard G R Smith S Cairns A J P Watson G Craigs G J Sanger P A Pages
The first nine Trustees are appointed by the Provincial Grand Lodge of Northumberland.
N B West R D Dawson (retired 26 October 2022) C J Gibbs D L Armstrong (appointed 26 October 2022)
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
## **Investment managers**
Brewin Dolphin Limited Time Central Gallowgate Newcastle upon Tyne NE1 4SR
Page 4
**RICHARD HENRY HOLMES MASONIC BENEVOLENT FUND**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023**
## **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
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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 23 October 2023 and signed on its behalf by:
I M Gilberg FCIS - Treasurer
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 2023.
## **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
21 November 2023
Page 6
**RICHARD HENRY HOLMES MASONIC BENEVOLENT FUND**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
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**|2023
Unrestricted
fund
£
120
200,186
200,306
37,477
144,541
182,018
104,728
123,016
6,835,069
6,958,085|2022
Total
funds
£
9,698
163,605
173,303
40,796
116,717
157,513
(666,949)
(651,159)
7,486,228
6,835,069|
|---|---|---|
The notes form part of these financial statements
Page 7
**RICHARD HENRY HOLMES MASONIC BENEVOLENT FUND**
## **BALANCE SHEET 30 JUNE 2023**
|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**|2023
2022
Unrestricted
Total
fund
funds
£
£
6,809,230
6,704,829
22,832
13,115
147,012
130,175
169,844
143,290
(20,989)
(13,050)
148,855
130,240
6,958,085
6,835,069
6,958,085
6,835,069
6,958,085
6,835,069
6,958,085
6,835,069|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 23 October 2023 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 2023**
## **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 rounded to the nearest Pound (£).
## **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 2023**
## **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 2023**
|**2.**
**INVESTMENT INCOME**
2023
£
Income from managed investments
198,871
Bank interest
544
Loan interest
771
200,186
**3.**
**RAISING FUNDS**
**Investment management costs**
2023
£
Portfolio management
37,477
All of the investment management costs are in respect of discretionary management fees.
**4.**
**CHARITABLE ACTIVITIES COSTS**
**Charitable expenditure**
2023
£
Direct costs (note 5)
132,709
Support costs (note 6)
11,832
144,541|2022
£
162,931
14
660
163,605
2022
£
40,796
2022
£
112,380
4,337
116,717|
|---|---|
|||
continued...
Page 11
**RICHARD HENRY HOLMES MASONIC BENEVOLENT FUND**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023**
|**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|2023
£
-
132,709
132,709
2023
£
1,550
86,637
44,522
132,709
2023
£
1,242
10,000
515
75
11,832|2022
£
1,000
111,380
112,380
2022
£
5,000
63,570
42,810
111,380
2022
£
1,230
2,350
672
85
4,337|
|---|---|---|
## **7. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 30 June 2023 nor for the year ended 30 June 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 30 June 2023 nor for the year ended 30 June 2022.
continued...
Page 12
**RICHARD HENRY HOLMES MASONIC BENEVOLENT FUND**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023**
|**8.**
**FIXED ASSET INVESTMENTS**
Shares
Other
Additional information as follows:
**MARKET VALUE**
At 1 July 2022
Additions
Disposals
Revaluations
At 30 June 2023
**NET BOOK VALUE**
At 30 June 2023
At 30 June 2022|2023
£
6,592,142
217,088
6,809,230|2022
£
6,479,381
225,448
6,704,829
Listed
investments
£
6,479,381
408,201
(400,168)
104,728
6,592,142
6,592,142
6,479,381|
|---|---|---|
There were no investment assets outside the UK.
Investments (neither listed nor unlisted) were as follows:
|Managed investment cash|2023
£
217,088|2022
£
225,448|
|---|---|---|
The investments at fair value of £6,809,230 (2022: £6,704,829) are all under the discretionary management of Brewin Dolphin.
continued...
Page 13
**RICHARD HENRY HOLMES MASONIC BENEVOLENT FUND**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023**
|**9.**
**DEBTORS**
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
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)
Accrued interest||2023
£
3,119
1,856
4,975
17,857
22,832
2023
£
20,976
1,856
22,832||2022
£
1,234
-
1,234
11,881
13,115
2022
£
13,115
-
13,115|
|---|---|---|---|---|
||||||
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 2023 £17,857 is due after more than one year (2022: £11,881).
|**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN**
Accruals and deferred income
**11.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|**ONE YEAR**
At 1/7/22
£
6,835,069
6,835,069|2023
£
20,989
Net
movement
in funds
£
123,016
123,016|2022
£
13,050
At
30/6/23
£
6,958,085
6,958,085|
|---|---|---|---|
continued...
Page 14
**RICHARD HENRY HOLMES MASONIC BENEVOLENT FUND**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023**
## **11. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
200,306
200,306|Resources
expended
£
(182,018)
(182,018)
At 1/7/21
£
7,486,228
7,486,228||Gains and
losses
£
104,728
104,728
Net
movement
in funds
£
(651,159)
(651,159)|Movement
in funds
£
123,016
123,016
At
30/6/22
£
6,835,069
6,835,069|
|---|---|---|---|---|---|
|||||||
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
173,303
173,303|Resources
expended
£
(157,513)
(157,513)|Gains and
Movement
losses
in funds
£
£
(666,949)
(651,159)
(666,949)
(651,159)|
|---|---|---|---|
Page 15
continued...
**RICHARD HENRY HOLMES MASONIC BENEVOLENT FUND**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023**
## **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 £10,000 (2022: £2,350) during the year under review.
During the year ended 30 June 2017, a secured loan was made to a Lodge in the Province of Northumberland. £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 2023 £11,881 was due to the charity (2022: £13,115).
During the year ended 30 June 2023, another secured loan was made to Lord Warkworth Lodge No. 1879. £10,000 was loaned, repayable over 5 years with interest being charged at 6% per annum compounded quarterly. At 30 June 2023, £9,095 was due to the charity.
During the year £1,550 was donated to masonic organisations in the Province of Northumberland.
Page 16
## **RICHARD HENRY HOLMES MASONIC BENEVOLENT FUND**
## **INVESTMENT REGISTER AT 30 JUNE 2023**
|**Security**
**Holding**
Admiral Group Ord £0.001
3,000.00
Artemis US Select Fund Inc Units
100,000.00
Ashtead Group Ord £0.10
1,400.00
Baillie Gifford American Fund W1 Inc Units
13,000.00
Baillie Gifford Japanese Fund W1 Inc Units
3,000.00
Blackrock Contl Eurp Inc D Units
172,500.00
Blackrock European Dynamic Fund
47,500.00
BNY Mellon Asian Income Fund U Inc Units
140,000.00
BNY Mellon Global Dynamic Bond Fund Exempt 3 Acc Units
100,000.00
Booking Holdings Inc Com Stk USD 0.008
34.00
Compass Grp PLC £0.1105
3,846.00
Croda International Ord £0.10609756
1,000.00
Diageo Ord 28 101/108p
2,000.00
Dodge & Cox Worldwide US Stock Fund Inc Units
5,000.00
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
Franklin Templeton Clearbridge Global Infrastructure Inc EB
Units
100,000.00
Fundsmith Global Equity Fund Inc Units
20,000.00
GlaxoSmithKline - Ord £0.3125
2,640.00
Haleon PLC Ord £0.01
3,300.00
Henderson Fixed Interest Monthly Inc GQ Inc Units
250,000.00
HICL Infrastructure Ord £0.0001
77,000.00
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
3,000.00
IShares III £ Corp Bond Ex-Fin UCITS ETF Dist Units (GBP)
1,600.00
JPMorgan Gbl Macro Opps C Fund Inc Units
70,000.00
JPMorgan US Equity Inc K Fund Units
235,000.00
Jupiter Japan Income Fund Z GBP Dist Units
140,000.00
Legal & General Group Ord £0.025
28,000.00
Mercantile Inv Trust Ord £0.025
40,000.00
Morgan Stanley BV 6Y UKX SPX 5.15% Inc Units
70,000.00
Muzinich Global Tactical Credit Fund G Inc Units
1,200.00
National Grid Ord £0.12431289
9,000.00
Nationwide BS 10.25% JR Sub Def Shs 29/06/49
330.00
Personal Assets Trust Ord £0.125
30,000.00
RELX PLC Ord £0.1444
3,500.00
Rio Tinto Ord £0.10
1,400.00
River & Mercantile UK Equity Smaller Cos Units
20,000.00
Robeco Global Credits IBH GBP Inc Units
1,000.00
Schroder Global Cities Real Estate L Dis Units
80,000.00
Carried forward|**Cost**
**Market Value**
**£**
**£**
55,258.20
62,460.00
206,919.73
273,180.00
19,672.18
76,216.00
223,352.50
141,570.00
43,520.02
45,540.00
274,986.59
307,216.12
81,282.89
128,173.57
141,467.08
157,682.00
103,223.76
87,950.00
69,324.75
72,216.10
41,796.61
84,688.92
46,591.14
56,260.00
34,276.45
67,580.00
139,600.00
144,700.00
69,532.90
84,805.80
183,122.91
149,600.00
54,741.27
67,973.37
66,926.35
97,861.00
100,012.50
128,000.00
56,270.69
114,444.00
4,549.57
36,664.32
1,065.80
10,634.25
151,096.50
113,675.00
136,369.23
103,334.00
295,279.40
400,082.93
51,770.80
68,984.00
72,783.25
88,230.00
185,064.19
159,528.00
104,600.00
108,500.00
267,190.13
344,980.00
156,303.30
152,698.00
62,786.70
63,644.00
88,671.94
77,760.00
70,012.50
70,868.00
122,115.25
110,028.00
73,858.20
93,645.00
33,012.50
37,620.00
127,006.75
139,800.00
66,029.77
91,735.00
32,488.34
69,797.00
20,530.70
58,252.90
112,201.57
90,380.00
62,522.73
64,240.00
4,309,187.64
4,903,197.28|**Cost**
**Market Value**
**£**
**£**
55,258.20
62,460.00
206,919.73
273,180.00
19,672.18
76,216.00
223,352.50
141,570.00
43,520.02
45,540.00
274,986.59
307,216.12
81,282.89
128,173.57
141,467.08
157,682.00
103,223.76
87,950.00
69,324.75
72,216.10
41,796.61
84,688.92
46,591.14
56,260.00
34,276.45
67,580.00
139,600.00
144,700.00
69,532.90
84,805.80
183,122.91
149,600.00
54,741.27
67,973.37
66,926.35
97,861.00
100,012.50
128,000.00
56,270.69
114,444.00
4,549.57
36,664.32
1,065.80
10,634.25
151,096.50
113,675.00
136,369.23
103,334.00
295,279.40
400,082.93
51,770.80
68,984.00
72,783.25
88,230.00
185,064.19
159,528.00
104,600.00
108,500.00
267,190.13
344,980.00
156,303.30
152,698.00
62,786.70
63,644.00
88,671.94
77,760.00
70,012.50
70,868.00
122,115.25
110,028.00
73,858.20
93,645.00
33,012.50
37,620.00
127,006.75
139,800.00
66,029.77
91,735.00
32,488.34
69,797.00
20,530.70
58,252.90
112,201.57
90,380.00
62,522.73
64,240.00
4,309,187.64
4,903,197.28|
|---|---|---|
|||4,903,197.28|
This page does not form part of the statutory financial statements
Page 17
## **RICHARD HENRY HOLMES MASONIC BENEVOLENT FUND**
## **INVESTMENT REGISTER - continued AT 30 JUNE 2023**
|**Security**
**Holding**
Brought forward
Schroders PLC Ord £0.20
11,764.00
Shell Ord Euro 0.07
6,500.00
Stryker Corp Com Stk USD0.10
317.00
Taylor Wimpey Ord £0.01
24,000.00
Tritax Big Box REIT Ord £0.01
45,000.00
TwentyFour Corp Bond Fund I GBP Dist Units
2,500.00
Unilever Ord £0.03111
1,800.00
Vanguard S&P 500 UCITS ETF USD Inc Units
9,500.00
Vanguard UK Govt Bond Index Fund Institutional Plus Inc Units
700.00
Vanguard US Govt Bond Index Fund GBP Hedged Dist Units
1,350.00
UK Govt 5% Stk 07/03/2025
79,511.59
UK Govt 6% Stk 07/12/2028
160,000.00
Dividends Pending
Managed Investment Cash|**Cost**
**Market Value**
**£**
**£**
4,309,187.64
4,903,197.28
51,194.06
51,443.97
79,673.42
152,262.50
68,854.76
76,072.12
37,356.06
24,660.00
68,144.85
56,250.00
255,847.92
196,775.00
37,060.14
73,755.00
323,092.85
629,948.80
79,552.97
58,229.71
121,109.70
118,944.99
82,230.89
80,395.00
241,319.40
170,208.19
22,217.87
22,216.67
194,871.33
194,871.33
5,971,713.86
6,809,230.56|
|---|---|
This page does not form part of the statutory financial statements
Page 18