REGISTERED CONIP.4IYI' JNUIIIBER.- 00869974 IEDglaDd and Il'ales} REGISTERED CFL4RITY N'UIIBER: 247160 REPORTOF THE TRLSTEES AND FINANCIAL sTATE￿IE1 N.TS FOR I'HE TrEAR ENDED 31 TrIARCH 2024 FOR EAST L4NC_4SHIRE ,W.4RK BEN'ETr-OLENT FUT4iD LIIIITED IA COI¥IPLNY LlhllTED Bl. GbA114N'TEE) P B S?ddall & C'o Chartered Accoiiiitaiit & Statuton.'.4udiiors Grafton HoubL 81 Chorlei. Old Road Boltorj LanLasliirc BL l J.4J EAST LANCASHIRE r41.4RIK BE,%iEI'OLEryT ￿ UND LlIlllTED CONTENTS Ofr THE FIN.INCI.4L ST.4TEMENTS FOR THF. YEAR EN'DED 31 Trl IARCFI 2024 Page Relerence 4nd Ad￿l￿lstratITre Details I 10 Rcp(brt ul'thLb Tru5tLes Report uf the Independent.ludltors Statement of FinAn¢ial Actii'itle Balanee Sheet 40te5 to the FinanelAI St#tement5' 1? 10 17 Detailed StateniLnt of Trillanilul .4ctii'itiibs 18 to 19 EAST LA.NCASHIRE hL4Rii BE.YEV'OLENT FU.ND Lll¥llTED REFEREh'CE LYD ADTrITNqSTRATII".E DETAtLS FOR THE I￿AR EPiDED.11 ry1.4RCH 2024 TRUSTEES H S Nuttall- ChaiiThan I￿si￿ned I1.7.?31 J A Hiiddai1- Cliairnw) q R McC81tIIJ R Fi¢ldii)g D.1 Rdi11sbLw%'_ Tre38UTer G.N H I"ouu¥ G Mangliuin - Chainnai) Priors Clo¢£ Cominittce J J Tilcr IiE>igned I1.7.?il I S P41uI lappoiiited 11.7.? J I D G S Blanshard- Chairnw) Cantsns Close CorninilL'C iappoiiitcd I1.7.7jl COTrJPANY SECRETARY M R Nqccanhy REGISTERED OFFICE Barloii, Houhe Caiioi?s Clobe Haoerb L?1 ne Bolton Lancgshire BL I C)HS REGISTERED COLIIPANI, NUMBER On8fi9974 (Enoland 2nd Wal¢s} REGISTERED CHARITY ￿l,￿lBER ?47160 SENIOR srATUToR￿ AUDITOR P B Si,ddall F.C.A., F.C.l.E. AUDITORS P B Svddall & Co Cliai'iercd Accountants & Stawtory Auditoi's Grafton House 81 Chorlev Old Road Boltoii LanLashire BL13A.T BAYKERS Sanlandel" L.k PLC Bridle Road Bc)oile NqersLv%Ede L.?0 4GB EAST LANCASHIRE fvI.IRK BENEV'OLENT FUWD LlTrlIl'b.D REFERELYCE AND ADMIP4lSTRATlllb DETAILS FOR THE YEAR ENDED.11 IMARCH 2024 INVESTMENT ADVISORS L'harlLs StaiilLy & Co Limitl 6111 Fluor Sunlighi 14oii%c QLl¢iy SirL'LI MdDcliLStLf li l.IZ E.4ST LANCASHIRE IWIARK BENEI'OLEryT FUND LI)IIT£D REPORT OF THE"fRL,STEES FOR THE YEAR EN"DEI D.11 NIARCH 2024 The trusrees ivlio are iilso directorb of the Lh￿'￿ty for the puryw%e> of the Companies Aci _ 1006. prebent their repo11 Ivltl) rliL tinancial %taiements of the chariry for the vear ended I l Marcl) )0?4. The iYustee.% h2ve adopted tlie proN'isions of .4iLtYllTItIiTrLT dnd Rep(Jrting by Charities.. Statement of ReLommended Practice applicable ro charities preparing their LCOUnl% in aecordance ivith Élie Fiiiai)cial Repo)Ting St￿lIda1'd applicablc in rhe LFK aiid Republic of Iirlaiid IFRS In?) ItffcLlii'e l January ?0191. OBJEcfiirES AND ACT.IVITIES ObjeetiYe5 and aims East Lancasliire Mark Benevolent Fuiid Limited's primary obje¢iiif¢ is lo provide relief to d)ose in need amoiiLT lark qll4olls, their ivÈdoH¥4 and depen(lants iu the ProvinLe of East LanL'asbiL'e. The ehartw owns ￿ld 44 properties consisting ot self-coiitained bun. aaloiis. flats and aparrmenrs. H'irhin ii'aiiquil and peaceful surroundiiigs foi. eldcrl}' Freemasolls. theii. wives and oih¢r de￿Ildan[S ivho ale in iieed of su¢h ULLommodatioi). The properties are situated in separate L￿MpleXeS in 14ior& Close BlaLkbum and Canons Close Bolton. Addition&lli'. Ihe charitv helps other organizations iN'lio beiiefit the public by providing Smiices ivhieh encompass outdoor aciivilles. rescue service& Inedical healtlicare aiid ¥Iiildr￿1.s ivclfare. .%junificant actii'ities IIiLunie is deiii'ed tiDni rents Lhar¥ed lo tenants. trolLinlary donaiions: ini'estinenr inLoine and the holding ot social Ll'Lnrs ￿'1)ich ale open to the 8eiieral i)ublic. The chariry contiiiucs to iise The CJi2ham Fulford Charitv iii oflLring blood tests for ￿￿5rdle cancer io rlie MaTk Brediren of Easi Lancashire. Public benefit The triistee% considcr that during tlie ye4w under reTritiN' they hdl'L sueces%fully achiei'ed the objectives ot piDiriding N.liet foi. tliose in need aiid l)ave given due regord to the giiidarce piiblisl?ed bv Il?e Chariw Coinmission on public benefit. FTriANCIAL REl¥ryEV*' Financial posltiorj Tlic cNcc.%% of iiicoine ovcr cNpenditt]re for thc year £i5.8no last !eai'1£9.9891. As u%ual tl)L PTopaties haire been maiiTrtaii)ed alld refvrbislied to a hitth standard. Cdf RLnlal lllLonie 15 ti.248 higher atid refurbishment costs ate loii'er by £?6.411. Priors C105C RLiitJl iiicoine is doiyn by £3.814 ai)d refLlI'biShin￿lt cosr ￿'L doivn bv £31.471. Tlie plaJi4 to ext￿ld the car park at Piiors Close dnd to puirl)asC thdditiontl laiid ar Caftiions Clos¢ hav¢ becT2 cancclled. Tlie properties ivere last revalued in ?017 and in ?0?3 hence iio updaie is required this yffdr. The lisied investtnent poirfolio has increased by £89.147 wl)ich iq i)ei ofanj. unrealised losses. Resen'es policv Tlic hvsices bclieve tt 15 iiecessary io maintain unrcstrictLd fiinds in tIiL bunk of bctsveeii £7a,000 to £1 ?5.000 lil ord¢r to iiILLI the i)lann¢d IEftirbishrnent of the properties. any LiiieApeLied oi. iininediate retUTbi.%linie*it. it.% day to dai, iunniniT lists aiid Lliaritable &iviJiq. The cliarity's unrestricted cash ar bank at the year end ivas £79.6J6 74"liich is liiie ivitl) this policy. ie pc)licy i% rel'ieu'ed annually by the trustees. Page S EAST LANCASHIRE hlARl& BEf4EI:OLENT FLI.tyD LI￿1{TED REPORT OF THE TRUSTEES FOR THE YEAR ENDED.11 NCARCH 2024 STRVCTiiRE. G0VERYA￿,CE AND ￿lANAGEr￿[El,T Governin% doLument The Lhai'iry Is ¥onuull¢d by its governing duLumtiit. J deL￿ ol trwst, and constitutes a limiied comp￿},. limited by I￿[anIeL. as dLfined b), the Conipanics Act ?006. Tlic Proi'incial Grand Lodge of Mark" Mastcr IMk15011S Ivltliin tlie Province of East Lai)eashire CSt&bli51i￿ Ilie cliai'ity. EaNt LJnLiishire Mai'lk Benevolent Fund Limited. bN' the exeLiilioiJ i¥t u tsust deed dLii¢J the ?Xth Janiidrj 1900. Tlie Lhttiity. gov￿￿¢￿ by lis AltiCle￿ ot AksiiLiation. 1% liiiiiieil b) Qu￿￿￿)1¢¢ and 4Joes not have a shair Lapital. 115 ainis and objLCllI'CS arc cslablislied witliin tlie Articlis Ot .4sso¢iaiioi). Ii) Ihe event of the conipanv being wound up menibe¥s dre IfiLiired to Loniribute anl 1 Inount noi ex¥e¢diiigT £I.UO. Recryitnient find appointmLni of neiv tru5teL'5 Thc to1￿7 a Coininirtcc of Manag¢iiiLiii 10 InanagL Il)L iliariiv'5 allairs. All nie1m￿lE of the Con)iiiittee of Maiia¥eiiJLiit aiid 11% lii"o sUlTrio￿l￿nltteeS dre Mark Mas¢ms and iherefore fiilly coi)versanr ii'iih ilie Hims and objeLtives of Ilie ihdriiy. They al¥u Lhob¢n toi- their speLiliL skills and dbslilie5 i lielpin¥ the charity fulfill ils objeciives. Neiv Jnember5 re encoiii?ged to join the charity froni tlic Mai'k. PIDvince of East Lancashirc ar¢ bTiven introductt)ri"' iiieelinus with exisiiog Lommitlee llieittbets lo lielp lamiliai'i%¢ tliei)Ibelveb iviIII Lliarily itLtiviiies. AII ¥VLirk is peitunned on d voluntaiy bdSi5. Oryyanlsgtlonal sti'ulture ThL C'oininittLL Ot M￿ag￿llent arc assisred d .￿Ub￿01)llnitt￿c ti)i' cach of the residential ￿￿pertieS. The chainnaii ul. ell¢h sub comniitt¢¢ is an ¢x officio niejnbcr of the BoJrd. ic Inain ¥x¥Yutivc coininittee nieinbers llre LleLtcd for a Plriod of four }'Lars. The ehaiit), docs nor knve an}. ei)Iploy¥Y4. Tlie Coniinince ol. Nqllna¥eiMLnt deal ivith all n)allLrs rL'l#tintr to tlic cliarity's tinanccs, including acco&ints. illvc5tnlLnt5. Ill.%iirancc. uudii and Llidritablc grants. It InaJui' risk"% to ivliich tlie charity is expo.%ed ii) partI￿lIar tliose rclating ro fiiiancL5 dnd invcstnieiiis. Tl)c cliariry docs not nise fiinds froi)i the gcncral PLibliL. -Flic Comiiiittie of M•nagLmeni ilso considLfs L211 irn)liiations Iroin oroanE5ations reiognis¢d by tlie Cl)driN' Commission. Thes¢ ii)ay inLlude cliarities and uthif Ll)Jntie% I￿.I11Lh pruvi(J< assibtsnLe fur ivvrthy LaLise Risk management The t1￿￿tee% liave conducted a revie￿. of thc iiiajor ri.4k'% ii'hi£h th¥ chaiity 15 exposcd. PID¢cdures ar¢ in pla¢¢ lo control the iinpleinenlarion and authori¥dtsoii ot all hilll5￿ILrlu&1S ￿]d proj¢cls, to Lompl> %¥ith Iiealili s:i*el)' rctrulalions rcB8rdin¥ residents and vigitoib aiid buildiJig7 Ir&iiilatii)nb IL.lating ￿ col￿PanY pretnises. They¢ pi'ocedurc.% arc TlIDllltured i'egiiilai'lv and r¥Tr'iewed Vdch yvdr. TRUSTEES, RESPOIYSIBILITY STATEhlE.N'T TIIL fiLisILL.4 Iii."ho are al￿ ihe Llirector5 of Easr LJiicd4liiiL. Mark BL4)LkoleLlt Flind Limited for rhe PUTP)ses ot coii)paiiy Iv) ￿"t rcspoiisiblc tor prepai'inb) Ihe Repon ot tlie Tnist¢i% ￿]d diL financial statemeiits Èn accordance with pplicablc diid UnitLxi Kingdoni Accouiitiiig Standard* Iuillted kii)udom GLIIErally Accepted Accouiiting Piacticcl ii)cliidin FiiiL?nLial Riporiing Standard 10? 'Tli¢ Financial RLponiii¥i Si;Inddl'(l &pplicablc in tlic UK aiid Republic ot Ireland" Pu¥T¢ 4 EAST LANCASHIRE IVLIRK BEf+iEVOLEN'T FUND LIIIIITED REPORT OF THE TRLISTEES FOR THE YEAR EINDED.11 IllARCH 2024 TRUSTEES, RESPO.NSIBILITY STATEIIqEIT- conthnued CThnpany law requires rhe tnistees to piepllre financial stateineiits tor each fi￿anCial %'eai' which yipe a inie 211d fair i'lLII' of tlie stale of affairs of the charitable cornpan), alld tsf the incoininc resources and applicaiion of resowr¢s. itt¢ludiiiE tl)c iiicomc and cxi)enditLIIE. of the charilable company foi. tl)ai peiuod. In preparintt Ehob¢ fiiiancial stat￿MCnts. Ihc tiiisleL% are f¢qLltI'ed to select sui&ible accouniinq poli¢ies aud th￿) apply tli¥4n COIIS15ILntly:""" ob5en'c ihc methods and principle.￿ in the Chariry SORP.. mak-e jud¥ein￿1tS End estiinates tliai are reasonable ￿]d prndaiT.' prLpare the tiiiancial staÈements on the goii)fT conceii) bèL4is unlesg it is inappropriate to piEsuine that rhe chaiitable i(iinpiny iilill contlllLle in bu5ine5S. Tlie t1715tees are re5poiisible for keepiiig proper accouniiiig reeords Tri'hich disclose Tr'irh reasonable acciEracy at an}. tiine rhe liiiancial position of the cliaritable companv and to ￿lable them to eiisure that the tinaiicial staieinettts coinply Miitli tlii Coinpanie5 Aci 006. ThLy alf also responsible for safeguardinL tlit assets of tile cbaritable coinpany aiid hencc for tak'iiig redsonable steps tor the PTei'entioii aiid detection of fraud and other irregularities. Iii lo far as tl)c iiwiees are aivare.. Ihei'L 14 110 ￿.]0vant oudit information of ￿,hICh the charitdblL coiniianiy'.% auditors are unaw'are: and tli¢ m]stees hai'e iaken all steps ihat they oug]ii io haic tak-¢ii to inake theniscli"'LS aivare of anv rel¢iii)t aiidit inforniaiiun aiid to establish that tlie suditor5 are aii'dL'L of diat inforniaiion. -4UDITORS The audiiorl P B Syddall & Co. will be proposed for re-appointmeiit at the forthcoining Annual General Medi11Q. Thi% repnri has been prepared in accordance with tlie special proi'iSLiranLe coi)LILlSlOlI Iliercon. In conncciion with (>w' audit of thc financi&l slaiciiicnis. oiir rispoiisibilily i% to rLad tlic oihLr infoniiaiion *md. iii doin bo. considei. ￿'hether th¥ OthLY infomiation is Fnalth"it211N" iiicon%isiciit iviih thL financial statements or our knoivlLdgL i)bithined in thc aiidil or otheThh7sc app¢￿5 io bc Inaieri¢illy m1sbl.llL￿. It. wc identify sucli Liilltcrial ineonsi5rencics or apparcnt I￿a[cri￿1 Ini%%thtcinc1118. we are rLqiiifiLI ¢0 dLILlThllIL ii'lIL*lici' this DiVC5 ri.¢c to a inalei'i¢l1 misstatLinciit in tIiL rinanciil slatemenis Ihenjsclvcs. If. based 01) Il)L Ii'ork ii-L hJiL I)LJ'fornied. Ive concliide thai Ihcrc is a j￿11Lr￿Ii1 misstateineni of thi5 Othcr inforniation, li'e are rLquiil￿ tu rL'PQrt tliut fact. IN'C ha¥E nothing to report in tlii% JL'¥Jl￿. Opfinlons on other mAtterg pre5tribed hy the CompAnies Act 211U6 li) our opinion. based on the ivoth iindcrlakwi in ￿lL cour.%L ol IhL audit.. th¢ inf(Inllatioii giien in tli¢ Rei)ott ot the Tnistees toi. the tinai?Lial year for ivhiLh the tinanLial btarenwnls dr¢ prepared is conaisicnt iiryth ihL. finahcial statCTnClits,' aiid the Repoit ot tlie Tnistees has beeii prepaiELI in ￿l￿[dUnLe Ii'iih appliLable legal reqiiiirments. Page 6 REPORT OF THE 11SDEPE.N'DE&l'T.4LDITORS TO THE I}lE￿IBERs OF EAST LkNC.4SHIRE MARK BEN'EVOLENT FbND LI4IIITED l.latters on M'liieh we are required to report b). eiception Iti tlie lighr ()f Ilic kiioi4,Idge aiid uiideL%taiidino ot the cliai'irablc coini)aiiy and its envirojiiiient obtsined iii ilie course of the clLidit. li'e hai'e iiot identitied material misstatementb in Ilie Repoi11>t'the Trusle¢s. '¢ IioNL' nothinu to report iu respect of the folloii'in￿? matt¢rs ii'here tl)e Companies Act 1006 requires us io repon 10 you if. iii ouropinion-. adequate accounting records hai.'e iiot been kept oi- retyrn% adequate for our audit have not been received from braiiches not IllSLted by us: or The tiounciol btdi¢inenis #Tt not in agreemenrwith the £tLI'DlintingreLX)Tds aod returns- or cenaii) disclo%ures of ttustees, reinureration specified b). laii. are iiot n12de.' or 'e have not receiv¢d all tlie inforniation and explanations iye rt4uire for our audit; tsr tlie trustee5 were noi eiititled to take advantatsc ot Ihc sn)all coinpai?ies cxemptioi) troln the requiren)ent to prei7arc StrateqL Report or in preparing the Report of ihe Tjutsrees. Ri'spon5ibilitie5 vf trustets A% ixpllliiicd InL)I'e ￿]lY in tlie Tmsrees, Responsibilitie.% Statement. tlie llustees {i4.ho ate 2150 the di1￿10rb of the Lharitable eonipaiiv for tlie pllrpos¢s of companv laiirl are responsible for tile pr¢paratioii of the financial statClllPAilS and lor being satisfied that the! gitre a ti.ue and fasr i'ieiv. for %uLlI iiitemal Control as the trustees dctemjsne is Iiccc55aTh". tu enabk th¢ preparation of flnancial statejnellts thai are free from material mi55tat¢menl. B,hether due ro fraud oi. error. lil pI.ep￿.In￿ tlie tillancial siaianenis, rht trustees respoi)sible for assessints tbe eharitable conipany's <1bility to coiitiniie concern. disclosing. as appliodble. Inatters related lo going conceni aiid ii%ing tlie tsoing coiicem basis of actyounting uiiless the tn￿tee5 eithcr intend 10 liqiiidatc tlic eliaiitable coillpaiiy oi ro eease opei'ations. oi. liai'c no realistic altematiije but to do so. Pd&T¢ 7 REPORT OF THE lJ)DEPEIYDE,NT..I[IDITORS TO THE MEfiiBERS OF EAST LAryC.4SHIRE MARK BEryEI"OLENT FLfND LlIlllTED Our re5pon5ibilitie5 for the audit ol'tlie finAnCi￿￿15taten1entS Oiir ttbjLtEiVL'S are li) obiain reasonable dssuf&lllLC aboiil wlicilier tlie tinancial stkltetneiits- as a ivhole are fiL"c fi.om iiialej'￿l nii5%11c l¢iiient, Ivhetlier Jilt to tniid (}]' enui'i iin(I 10 is*Ui a Repori of the Independeni Auditors Ibdi inLliid¢b l)Iir iipiJi&oii. R¥asL)nable a5suraiicc is a l)igh lel'el ol. aKKui'dllLe. but ib tii)t a gryiarantee that an audit conducred in accor￿1)ll Ivith ISA% IUKI will dlw'dyb derect a material Ini%s1iiieineiil I￿"he￿ il e¥isls. Mtsstal¥mentS *rise frdud OT aiid aTL Lonsidered iiiaierial if. individually Dr iiTr tIIL aiii71'LLTatc. tlicy could reabOi)ably be ¢xpected to iiitluciice the eLM)nvmic debi%iunb of uber.% tsdlen on the basis of these t￿jI￿ALl&ll st8l¢intnts. The ¢xt¢ni to whiLh L)ur pr¢)¥eLtsweb al'e C¢ipubl¢ lif dei¢LiingT ilTegNLILiritie& illLluLlsn&. fIdud ¢Jetdiled below.. FinatiLial sia*menls. inLliidin& hoi¥ trdud OLLur by Cn4UiTing vf rnanaEement of its own con¥ideL71iL)n ol. Iraiid. In particulai-. M'c looked iLt ii,here managemeiit niade 4ubjeLtiiie judtieineiits, for example in rebpect of %ignificant LLounling* ebliinates thJi involved makinsF aSSLunplioiib uiid Lonsiderin¥ filli￿£ evLnts that are inhe￿ntlY uncertain. We JI%0 Lon%Edcred potenliul fiiiancial or othcr prcssure& opportunity JRd inotivatioiis for fraud. As part of tlii.% di.4ciiqsi(>n ve idenlitied Ihe iniLrnal Lonlrolb esiablished 10 Iniiigaic risks r¢luled 10 traud ur noncompliaTrLL' lvlth ILtSI'.% lind rcgularioo% and hoiv iiianagemenl Inoiiitoi. IhLbL proce.44bN. Approprstttc procedurcs includcd thL rCi'ie￿, and teyiinb of InanLial joiimals and key estimates and judgemenis made bi. manauerneni Ilye LTainLQ an l￿de[sI￿ndInts of the le¥pal and Ir¥iilJior)' ti'asiiew.'ork ¢ippIiLable io Ihe chariiy alld Ilie indiislry in M'liiLlI il OpL1￿tL5. (Iraii'.ing on oiir broad seeioi. exp¢rieneL. lind coii¥idercd the risk of acis by thc charity that ii'crL' coiiifilyv to Ihese laivs É?nd regulalions, inLluding fraud. WL lociised on lawb and iE¥ulaiions ih81 COLild qii't iise IL) a niatei'ial inisslareinent in the fmancial stslemenls. We iiiade enquiries ot inanagtmenl Mjiih regrds ti? c(?IHpIiRI)Lt iiiih and LEg121ations and COiToboraled anv IICCC8%¥Jry LN'idLncc to rclei'anl inlomjation. IIL did i)at ideiitifv Jn}' key J,794 FreehL)Id 18nd & buildtngs Kvere valLied by Behr & Co. an independeiit fjrni of Chanered Suniesiois and Vallier￿, on an opeft Inarkei iwalue basis on ?4 ApTiI ?02i. Depreciaiioii 1% not provided because in the opinion of tl)e trustecs rlic above Irfiects current fair values. Tlic T H Mai'kland Sili'er ivas ialued at £i.4in on a replaccnient basi% in Septeiiibei. ?01 l. Because of tlie uni