**REGISTERED CHARITY NUMBER: 234054**
**REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021**
## **FOR**
## **LEICESTERSHIRE AND RUTLAND MASONIC CHARITY ASSOCIATION**
Mark J Rees LLP Chartered Accountants Granville Hall Granville Road Leicester Leicestershire LE1 7RU
**LEICESTERSHIRE AND RUTLAND MASONIC CHARITY ASSOCIATION**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|4|
|**Independent Examiner's Report**||5||
|**Statement of Financial Activities**||6||
|**Balance Sheet**||7||
|**Notes to the Financial Statements**|8|to|18|
|**Detailed Statement of Financial Activities**|19|to|20|
**LEICESTERSHIRE AND RUTLAND MASONIC CHARITY ASSOCIATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2021**
The trustees present their report with the financial statements of the charity for the year ended 31 May 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**
## **Objectives and aims**
The objects of the Association are:
The support of the Central Masonic Charities or any other organisation, institution or fund which is established for purposes which are exclusively charitable in law.
- To relieve and assist aged, sick, distressed or infirm Freemasons of the Province of Leicestershire and Rutland, they being in need of relief and assistance.
- To relieve and assist wives, widows and/or dependent children of Freemasons of this Province, they being in need of relief and assistance.
- To provide for the maintenance, education and benefit, wholly or in part, of the dependent children of sick, distressed, infirm or deceased Freemasons of this Province, they being in need of relief and assistance.
- To make donations, grants or subscriptions to the four Central Masonic Charities.
## **Activities**
The Association achieves its objectives by awarding grants to beneficiaries. The Association Executive Committee was actively engaged in both handling applications for assistance during the year from individuals in financial distress and also handling grant applications from local non-masonic charities and the Charity was pleased to be able to give much needed financial support.
## **Public Benefit**
The Executive Committee confirm that they have referred to the guidance contained in the Charity Commissioner's general guidance on public benefit when reviewing the Association's aims and objectives and in planning future activities and setting the grant making policies.
Because the Charity does not seek to raise donations from the general public but instead relies on donations made by Freemasons our role as a public benefactor is not always widely understood. This year we have awarded grants to 40 local non-masonic charities and it is also hoped that by displaying examples of the types of grants given on the Charity's section of the Provincial Grand Lodge of Leicestershire and Rutland website, we will attract a wider recognition.
## **Volunteers**
The Association is very involved in the local community and primarily relies on volunteers supported by one part time member of staff. I take great pleasure on your behalf in recording thanks to all Officers of the Charity Association and other voluntary staff who give so freely of their time to the work of the Charity Association for the benefit of all our brethren and their dependants.
Page 1
**LEICESTERSHIRE AND RUTLAND MASONIC CHARITY ASSOCIATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2021**
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The core activity of the Association is to support and care for the less fortunate. The Association encourages applications for grants from local non-masonic charities and also seeks nominations from the lodges and the brethren throughout Leicestershire and Rutland. All applications and nominations are subsequently referred to the Executive Committee who meet regularly to consider the applications. The Executive Committee is responsible for administering the following:
## **Local non-masonic grants**
The charity has received over 50 applications for grant assistance and was delighted to award 40 of these applicants with grants. These grants are itemised in the financial statements on pages 14 to 15 and totalled £70,261 in the year ended 31 May 2021.
## **Emergency grants to brethren**
Nominations for assistance from the Association may be made through the Master and members of any lodge in the Province by those entitled to the benefits of membership. Those seeking support can request a visit by a trained volunteer to help them complete the application. During the year, 8 brethren and/or their dependents were assisted with grants totalling £3,449.
## **Masonic Charitable Foundation (MCF)**
The Masonic Charitable Foundation was incorporated on 27 August 2015, combining the four central masonic charities and commenced activities on 1 April 2016.
## **2022 Festival**
The Leicestershire & Rutland 2022 festival appeal was formally launched by the Provincial Grand Master in November 2016 with the aim to raise £1.8 million over the festival period to support the full range of grants and services provided by the MCF. Our Province is one of the first in festival for the MCF, which now takes on the duty for the operation of festivals and the administration and management of festival funds. Festival donations are paid directly to the MCF who subsequently distribute monies on an 'as needs basis'. The MCF has entitlement to festival income from donations received.
## **FINANCIAL REVIEW**
## **Financial position**
Total income for the year amounted to £137,440 and this compares with £116,020 in the preceding year.
I would like to thank those Brethren who have generously given to the Association. Many local charities have benefitted from the now well-established programme of non-masonic giving which this year totalled £70,261.
## **Investment Policy**
There are no restrictions on the Charity's power to invest per the Rules and Regulations of the Association but Relief Chest funds can only be used for charitable purposes. The Executive Committee has approved an investment policy that cash funds not required as working capital are invested to increase the level of reserves. The investment portfolio is managed by Quilter Cheviot but the Executive Committee closely monitor the investment performance. The current investment strategy is to invest in a balanced portfolio with medium risk.
Page 2
**LEICESTERSHIRE AND RUTLAND MASONIC CHARITY ASSOCIATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2021**
## **FINANCIAL REVIEW**
## **Reserves Policy**
It is the policy of the Executive Committee to retain and maintain a sufficient sum within unrestricted funds to ensure the continuation of the Charity's work in the event of a downturn in income. As at 31 May 2020 the Association held free reserves, being unrestricted funds less tangible fixed assets, in the sum of approximately £197,000. During the year ended 31 May 2021 the trustees agreed a policy to reduce the reserves from the amount currently held to £90,000, this being the equivalent of 12 months operating costs.
To achieve this the charity will support lodges with matched funding towards nominated local charities, as well as furthering the objectives of the association. The status of reserves will be reported each quarter to the trustees and reviewed every 12 months.
## **PLANS FOR FUTURE PERIODS**
We plan to continue to support those in need both inside and outside our Masonic family. The demands on the Association are ever increasing and it is hoped that both brethren and lodges will continue to give generously to enable us to provide such valuable support.
We continue to work hard to promote and encourage support for the 2022 Festival Appeal which has a target to raise of £1.8 million which approximately equates to £600 per member.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The Charity is an Unincorporated Charity and is governed by the Rules and Regulations revised in September 2011.
The Association is managed by an Executive Committee and under the Rules and Regulations the members of the Executive Committee are elected at the Annual General Meeting. The Executive Committee forms the Board of Trustees of the Charity Association and each member of the Committee is a Charity Trustee. New members are recommended to the Executive Committee if they have the necessary skill sets which would benefit the Association. On appointment, new members attend a series of induction sessions to make them familiar with the grant making process and Trustee responsibilities.
The names and addresses of the Officers of the Association and lodge Charity Stewards are listed in the Provincial Yearbook. They can also be contacted through the Charity Office at Freemasons' Hall.
The Association has very close relationships with all Lodges within the Province. The core income of the Association is derived from subscriptions, donations and collections from the members of these Lodges together with donations from the Lodges themselves. The members' subscriptions are voluntary and are non-mandatory.
## **Risk Review**
The Executive Committee has examined the major strategic and operational risks which the Association faces and confirms that systems have been established to enable regular reviews to be conducted to ensure that the necessary steps can be undertaken to minimise these risks.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
234054
## **Principal address**
Freemasons' Hall 80 London Road Leicester LE2 0RA
Page 3
**LEICESTERSHIRE AND RUTLAND MASONIC CHARITY ASSOCIATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2021**
## **Trustees**
|**Trustees**||
|---|---|
|Mr PA Caswell|Association Chairman|
|Mr PC Kinder|Provincial Grand Master|
|Mr B Carruthers|Deputy Provincial Grand Master|
|Dr AR Green|Assistant Provincial Grand Master|
|Mr A De R Pearse|Provincial Grand Treasurer|
|Mr MA Molyneux|Association Secretary to 1 September 2020|
|Mr DJ Highton|Provincial Grand Almoner (Association Secretary from 1 September 2020)|
|Mr B Goodwin|Association Treasurer|
|Mr ID Nesbitt|Provincial Grand Charity Steward|
|Mr PC Wallace|Provincial Grand Secretary|
|Mr MM Potter||
Mr D Sandrovitch Mr R Mason
## **Independent Examiner**
Mark J Rees LLP Chartered Accountants Granville Hall Granville Road Leicester Leicestershire LE1 7RU
## **Bankers**
HSBC Bank plc, 2-6 Gallowtree Gate Leicester LE1 1DA
## **Investment Managers**
Quilter Cheviot 8th Floor, 2 Snowhill, Birmingham B4 6GA
Approved by order of the board of trustees on 31 January 2022 and signed on its behalf by:
Mr P Caswell - Trustee
Page 4
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LEICESTERSHIRE AND RUTLAND MASONIC CHARITY ASSOCIATION**
## **Independent examiner's report to the trustees of Leicestershire and Rutland Masonic Charity Association**
I report to the charity trustees on my examination of the accounts of Leicestershire and Rutland Masonic Charity Association (the Trust) for the year ended 31 May 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.
## **Use of our report**
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our work, for this report, or for the opinions we have formed.
Mr P Bott FCA Mark J Rees LLP Chartered Accountants Granville Hall Granville Road Leicester Leicestershire LE1 7RU
31 January 2022
Page 5
## **LEICESTERSHIRE AND RUTLAND MASONIC CHARITY ASSOCIATION**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2021**
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**86,716**
Fundraising events
3
**-**
Investment income
4
**4,122**
**Total**
**90,838**
**EXPENDITURE ON**
Raising funds
5
**6,222**
**Charitable activities**
6
Masonic
**44,419**
Local non-masonic
**57,594**
Emergency grants
**3,449**
Teddies for loving care support
**684**
**Total**
**112,368**
Net gains/(losses) on investments
**19,863**
**NET INCOME/(EXPENDITURE)**
**(1,667)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**198,140**
**TOTAL FUNDS CARRIED FORWARD**
**196,473**|Restricted
funds
£
**46,182**
**420**
**-**
**46,602**
**1,597**
**11,805**
**27,000**
**-**
**-**
**40,402**
**-**
**6,200**
**6,885**
**13,085**|**2021**
**Total**
**funds**
**£**
**132,898**
**420**
**4,122**
**137,440**
**7,819**
**56,224**
**84,594**
**3,449**
**684**
**152,770**
**19,863**
**4,533**
**205,025**
**209,558**|2020
Total
funds
£
105,429
5,145
5,446|
|---|---|---|---|
||||116,020
7,521
19,299
117,512
4,815
1,296|
||||150,443
(2,678)|
||||(37,101)
242,126|
||||205,025|
The notes form part of these financial statements
Page 6
**LEICESTERSHIRE AND RUTLAND MASONIC CHARITY ASSOCIATION**
## **BALANCE SHEET 31 MAY 2021**
|Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
13
**307**
Investments
14
**191,792**
**192,099**
**CURRENT ASSETS**
Stocks
15
**-**
Debtors
16
**1,041**
Cash at bank and in hand
**20,682**
**21,723**
**CREDITORS**
Amounts falling due within one year
17
**(8,885)**
**NET CURRENT ASSETS**
**12,838**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**204,937**
**PROVISIONS FOR LIABILITIES**
18
**(8,464)**
**NET ASSETS**
**196,473**
**FUNDS**
19
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
**-**
**-**
**-**
**3,726**
**7,753**
**1,606**
**13,085**
**-**
**13,085**
**13,085**
**-**
**13,085**|**2021**
**Total**
**funds**
**£**
**307**
**191,792**
**192,099**
**3,726**
**8,794**
**22,288**
**34,808**
**(8,885)**
**25,923**
**218,022**
**(8,464)**
**209,558**
**196,473**
**13,085**
**209,558**|2020
Total
funds
£
639
194,486|
|---|---|---|---|
||||195,125
5,468
23,721
9,582|
||||38,771
(5,479)|
||||33,292|
||||228,417
(23,392)|
||||205,025|
||||198,140
6,885|
||||205,025|
The financial statements were approved by the Board of Trustees and authorised for issue on 31 January 2022 and were signed on its behalf by:
Mr B Goodwin ACA - Trustee
The notes form part of these financial statements
Page 7
**LEICESTERSHIRE AND RUTLAND MASONIC CHARITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 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.
## **Financial reporting standard 102 - reduced disclosure exemptions**
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and Fittings **- 15% reducing balance** Computer Equipment **- 33% cost**
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 8
**LEICESTERSHIRE AND RUTLAND MASONIC CHARITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021**
## **1. ACCOUNTING POLICIES - continued**
## **Debtors**
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
## **Creditors**
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
## **Going Concern**
The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
## **2. DONATIONS AND LEGACIES**
|Donations
Gift aid
Subscriptions
**3.**
**FUNDRAISING EVENTS**
Sales of Festival Merchandise
Fundraising - Bike ride
**4.**
**INVESTMENT INCOME**
Dividends and interest from listed securities
Deposit account interest|**2021**
**£**
**54,036**
**15,324**
**63,538**
**132,898**
**2021**
**£**
**420**
**-**
**420**
**2021**
**£**
**4,091**
**31**
**4,122**|2020
£
16,316
20,518
68,595|2020
£
16,316
20,518
68,595|
|---|---|---|---|
|||105,429||
|||2020
£
-
5,145
5,145
2020
£
5,240
206
5,446||
||||5,446|
continued...
Page 9
**LEICESTERSHIRE AND RUTLAND MASONIC CHARITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021**
## **5. RAISING FUNDS**
|**Raising donations and legacies**
Staff costs
Sundries
Depreciation
**Fundraising activities**
Fundraising costs
**Investment management costs**
Portfolio management
Aggregate amounts
**6.**
**CHARITABLE ACTIVITIES COSTS**
Masonic
Local non-masonic
Emergency grants
Teddies for loving care support|Direct
Costs (see
note 7)
£
**-**
**-**
**-**
**684**
**684**|Grant
funding of
activities
£
**56,224**
**70,261**
**3,449**
**-**
**129,934**|**2021**
**£**
**2,400**
**2,074**
**99**
**4,573**
**2021**
**£**
**1,597**
**2021**
**£**
**1,649**
**7,819**
Support
costs (see
note 8)
£
**-**
**14,333**
**-**
**-**
**14,333**|2020
£
2,163
2,423
276
4,862
2020
£
927
2020
£
1,732
7,521
Totals
£
**56,224**
**84,594**
**3,449**
**684**|
|---|---|---|---|---|
|||||**144,951**|
continued...
Page 10
**LEICESTERSHIRE AND RUTLAND MASONIC CHARITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021**
## **7. DIRECT COSTS OF CHARITABLE ACTIVITIES**
|**7.**
**DIRECT COSTS OF CHARITABLE ACTIVITIES**|||
|---|---|---|
|Teddies for care support
**8.**
**SUPPORT COSTS**
Local non-masonic
Support costs, included in the above, are as follows:
Wages
Sundries
Depreciation of tangible fixed assets
Independent examiners remuneration|**2021**
2020
**£**
£
**684**
1,296
Governance
Other
costs
Totals
£
£
£
**10,673**
**3,660**
**14,333**
**2021**
2020
Local
Total
non-masonic
activities
**£**
£
**5,600**
**5,048**
**4,841**
**5,651**
**232**
**644**
**3,660**
**3,480**
**14,333**
**14,823**|2020
£
1,296
Totals
£
**14,333**|
|||**14,823**|
## **9. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 May 2021 nor for the year ended 31 May 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 May 2021 nor for the year ended 31 May 2020.
## **10. STAFF COSTS**
||**2021**|2020|
|---|---|---|
||**£**|£|
|Wages and salaries|**8,000**|7,211|
||**8,000**|7,211|
|The average monthly number of employees during the year was as follows:|||
||**2021**|2020|
|Employees|**1**|1|
No employees received emoluments in excess of £60,000.
continued...
Page 11
**LEICESTERSHIRE AND RUTLAND MASONIC CHARITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021**
|**11.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - 31**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
90,187
Fundraising events
-
Investment income
5,446
**Total**
95,633
**EXPENDITURE ON**
Raising funds
6,594
**Charitable activities**
Masonic
4,257
Local non-masonic
112,988
Emergency grants
4,615
Teddies for loving care support
1,296
**Total**
129,750
Net gains/(losses) on investments
(2,678)
**NET INCOME/(EXPENDITURE)**
(36,795)
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
234,935
**TOTAL FUNDS CARRIED FORWARD**
198,140|**MAY 2020**
Restricted
funds
£
15,242
5,145
-
20,387
927
15,042
4,524
200
-
20,693
-
(306)
7,191
6,885|Total
funds
£
105,429
5,145
5,446|
|---|---|---|
|||116,020
7,521
19,299
117,512
4,815
1,296|
|||150,443
(2,678)|
|||(37,101)
242,126|
|||205,025|
continued...
Page 12
**LEICESTERSHIRE AND RUTLAND MASONIC CHARITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021**
## **12. GRANT FUNDING**
## **Local non-masonic (institutions)**
|**Local non-masonic (institutions)**||
|---|---|
||**2021**|
||**£**|
|Enrych|**1,000**
**500**
**1,000**
**2,000**
**4,000**
**500**
**750**
**1,236**
**750**
**750**
**750**
**750**
**500**
**2,000**
**1,000**
**750**
**750**
**750**
**1,500**
**2,000**
**1,000**
**500**
**1,000**
**2,000**
**2,000**
**2,000**
**1,000**
**2,000**
**2,000**
**1,000**
**1,025**
**2,000**
**500**
**13,500**
**13,500**
**2,000**
**70,261**|
|Midland Langer||
|Gorsehill City Farm||
|Lifelites||
|St Peters Parish Church, Oadby||
|St Philips Centre||
|Take Heart Leicester||
|Handicapped Childrens Action Group||
|The Wheelyboat Trust||
|The Centre Project||
|Home Start Horizons||
|Citizens Advice||
|Houghton Field Association||
|Happy Days Childrens Charity||
|Carl Gunns Community Gym||
|Isla Stones Foundation||
|Leicester University Chamber Choir||
|Leicester Music Fest||
|St Andrews Church Organ||
|Asthma Relief||
|St Matthews Big Local Project||
|Netherhall School||
|The Churches Conservation Trust||
|Voluntary Action South Leicestershire||
|Leicester Wheels For All||
|Charnwood 2020||
|Recovery Assistance Dogs||
|Leicester MS Therapy||
|Loughborough Wellbeing||
|Jordans Weeones||
|Oakham in Bloom||
|Leicester Hospital Breast Care Unit||
|DMU||
|LOROS||
|Leicestershire & Rutland Blood Bikes||
|Loughborough War Memorium||
|||
|Total||
|||
|||
|||
|||
|||
|||
|||
|||
**2021 Masonic Charities (institutions) £**
continued...
Page 13
**LEICESTERSHIRE AND RUTLAND MASONIC CHARITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021**
## **12. GRANT FUNDING - continued**
|Masonic Charitable Foundation||**56,224**|**56,224**|
|---|---|---|---|
|||||
|Total||**56,224**||
|||||
|**Emergency grants**||||
|||||
|Emergency grants awarded to individual brethren and their dependents|||**3,449**|
|||||
|Total|||**3,449**|
|||||
|**Summary**||||
|||||
|Grants to institutions:||||
|Local non-masonic charities||**70,261**||
|Masonic Charities||**56,224**||
|||||
||**126,485**|||
|Emergency grants to individuals and charities|||**3.449**|
|||||
|Total|**129,934**|||
|||||
|||||
|||||
|||||
## **13. TANGIBLE FIXED ASSETS**
|**TANGIBLE FIXED ASSETS**||||
|---|---|---|---|
||Fixtures|||
||and|Computer||
||fittings|equipment|Totals|
||£|£|£|
|**COST**||||
|At 1 June 2020 and 31 May 2021|**673**|**6,031**|**6,704**|
|**DEPRECIATION**||||
|At 1 June 2020|**310**|**5,755**|**6,065**|
|Charge for year|**64**|**268**|**332**|
|At 31 May 2021|**374**|**6,023**|**6,397**|
|**NET BOOK VALUE**||||
|At 31 May 2021|**299**|**8**|**307**|
|At 31 May 2020|363|276|639|
continued...
Page 14
**LEICESTERSHIRE AND RUTLAND MASONIC CHARITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021**
## **14. FIXED ASSET INVESTMENTS**
|**FIXED ASSET INVESTMENTS**||
|---|---|
||Listed|
||investments|
||£|
|**MARKET VALUE**||
|At 1 June 2020|**194,486**|
|Additions|**34,282**|
|Disposals|**(56,840)**|
|Net investment gains|**19,864**|
|At 31 May 2021|**191,792**|
|**NET BOOK VALUE**||
|At 31 May 2021|**191,792**|
|At 31 May 2020|194,486|
|Fixed assets outside of the UK at the year end totalled £48,332.||
|**15.**
**STOCKS**
Festival Merchandise
**16.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Prepayments and accrued income||**2021**
**£**
**3,726**
**2021**
**£**
**8,464**
**330**
**8,794**|2020
£
5,468
2020
£
23,391
330|2020
£
5,468|
|---|---|---|---|---|
||||23,721||
Page 15
continued...
**LEICESTERSHIRE AND RUTLAND MASONIC CHARITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021**
|**17.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Other creditors
**18.**
**PROVISIONS FOR LIABILITIES**
Provisions
**19.**
**MOVEMENT IN FUNDS**
At 1.6.20
£
**Unrestricted funds**
General fund
**198,140**
**Restricted funds**
2022 Festival donations
**5,584**
Christmas Collections
**680**
Fundraising events - Festival bike ride
**621**
**6,885**
**TOTAL FUNDS**
**205,025**
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
**90,838**
**(112,368)**
**Restricted funds**
2022 Festival donations
**46,602**
**(40,402)**
**TOTAL FUNDS**
**137,440**
**(152,770)**|**2021**
2020
**£**
£
**4,985**
579
**3,900**
4,900
**8,885**
5,479
**2021**
2020
**£**
£
**8,464**
23,392
Net
movement
At
in funds
31.5.21
£
£
**(1,667)**
**196,473**
**6,200**
**11,784**
**-**
**680**
**-**
**621**
**6,200**
**13,085**
**4,533**
**209,558**
Gains and
Movement
losses
in funds
£
£
**19,863**
**(1,667)**
**-**
**6,200**
**19,863**
**4,533**|
|---|---|
Page 16
continued...
**LEICESTERSHIRE AND RUTLAND MASONIC CHARITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021**
## **19. MOVEMENT IN FUNDS - continued**
**Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**Restricted funds**
2022 Festival donations
Christmas Collections
Fundraising events - Festival bike ride
**TOTAL FUNDS**|At 1.6.19
£
234,935
6,511
680
-
7,191
242,126|Net
movement
in funds
£
(36,795)
(927)
-
621
(306)
(37,101)|At
31.5.20
£
198,140
5,584
680
621|
|---|---|---|---|
||||6,885|
||||205,025|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
2022 Festival donations
Christmas Collections
Fundraising events - Festival bike ride
**TOTAL FUNDS**|Incoming
resources
£
95,633
-
15,242
5,145
20,387
116,020|Resources
expended
£
(129,750)
(927)
(15,242)
(4,524)
(20,693)
(150,443)|Gains and
Movement
losses
in funds
£
£
(2,678)
(36,795)
-
(927)
-
-
-
621
-
(306)
(2,678)
(37,101)|
|---|---|---|---|
continued...
Page 17
**LEICESTERSHIRE AND RUTLAND MASONIC CHARITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021**
## **20. CONTINGENT LIABILITIES**
In previous years the Trustees pledged several grants to be funded from unrestricted funds. Grant commitments in respect of such pledges are recognised in the accounts when payments are probable. However, if it becomes clear that such payments are only possible, then such commitments are not recognised in the accounts but are classified as contingent liabilities.
As at 31 May 2021, in combination with grant pledges made in previous years, the Association's total contingent grant liability amount to £27,500 (2020: £11,500).
## **21. RELATED PARTY DISCLOSURES**
||**Relationship**||||
|---|---|---|---|---|
||**with**||||
|**Connected Entity++**|**Association**|**Transaction**|**2021(£ )**|**2020(£ )**|
|Freemasons' Hall (Leicester) Limited|Joint Control|Rent|4,000|4,300|
|Freemasons' Hall (Leicester) Limited|Joint Control|Catering|0|545|
|Freemasons' Hall (Leicester) Limited|Joint Control|Office costs|360|786|
|Provincial Grand Lodge|Joint Control|Office costs|0|520|
|At the balance sheet date the Association owed the following sums to related parties.|||||
|**Connected Entity**|**Association**||**2021(£ )**|**2020(£ )**|
|Freemasons' Hall (Leicester) Limited|Joint Control||4,003|496|
|Provincial Grand Lodge|Joint Control||83|83|
|During the year the Association received the|following donations from related parties:||||
||||**2021(£ )**|2020(£)|
|Aggregate donations received from related parties with conditions attached|||**0**|536|
|There have been no other related party transactions in the reporting period that require disclosure,||||other than|
|those noted in note 6.|||||
Page 18
**LEICESTERSHIRE AND RUTLAND MASONIC CHARITY ASSOCIATION**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2021**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Gift aid
Subscriptions
**Fundraising events**
Sales of Festival Merchandise
Fundraising - Bike ride
**Investment income**
Dividends and interest from listed securities
Deposit account interest
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Wages
Sundries
Depreciation of tangible fixed assets
**Fundraising Activities**
Fundraising costs
**Investment management costs**
Portfolio management
**Charitable activities**
Teddies for care support
Grants to institutions
Grants to individuals|2021
£
**54,036**
**15,324**
**63,538**
**132,898**
**420**
**-**
**420**
**4,091**
**31**
**4,122**
**137,440**
**2,400**
**2,074**
**99**
**4,573**
**1,597**
**1,649**
**684**
**126,485**
**3,449**
**130,618**|2020
£
16,316
20,518
68,595|
|---|---|---|
|||105,429
-
5,145|
|||5,145
5,240
206|
|||5,446|
|||116,020
2,163
2,423
276|
|||4,862
927
1,732
1,296
121,988
4,815|
|||128,099|
This page does not form part of the statutory financial statements
Page 19
**LEICESTERSHIRE AND RUTLAND MASONIC CHARITY ASSOCIATION**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2021**
|**Support costs**
**Other**
Wages
Sundries
Depreciation of tangible fixed assets
**Governance costs**
Independent examiners remuneration
Total resources expended
**Net expenditure before gains and losses**
**Realised recognised gains and losses**
Realised gains/(losses) on fixed asset investments
**Net income/(expenditure)**|2021
£
**5,600**
**4,841**
**232**
**10,673**
**3,660**
**152,770**
**(15,330)**
**19,863**
**4,533**|2020
£
5,048
5,651
644
11,343
3,480
150,443
(34,423)
(2,678)
(37,101)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 20