REGISTERED COMPANY NUMBER: 00869974 (EnEland and W*lesl REGJsfERED CHARITY NUMBER: 247160 REPORT OF THE TRiJEEs AIYD FINANCIAL sfATEMENTS FOR THE VEAR ENDED 31 MARCH 2025 FOR EAST LANCASHIRE MARK BENEVOLE FUND LIMITED IA COMPANY LIMITED BY GUARANTEE} P B Sydd411 & Co Chartered Accountants & Statutory AuditOTS Grnfton House 81 Chorley Old Rood Bolton Lanwhire BLI 3AJ
EAST iAIYCASHIRE MARK BENEVOLENT FUND LIMITED CONTENTS OF THE FIIYANCIAL STATKMEIYTS FOR THE YEAR ENDED31 MARCH 2025 Refernnte and AdthlnlJtrAelve Detallg Report of the Tryste Ststement of T0, Resp0Tr91bllltles Report tyf the Independent Audltora St•tement ofFlnnthl Adlvttles 10 Bal*Tree Shttt Note5 to the Flttlnthl S¢•tements 12 10 17 Detalled Ststemetht of Fln•TrdAI ActlvltlH 18 to 19
EAsf LANCASHIRE MARK BENEVOiXNT FUND LIMITED REFERENCE AND ADMINISTRATIVE DETAIiS FOR TIIE YEAR ENDED31 MARCH 2025 TRUSTEF J A irtsÈwl 26.625) M R Mccarthy Iresiwd 26.625) R Fielding DJ RaiTth IrtsiwKd 26.6251 G N H Young (resigned 26.6.251 G IrE5i8ri 5.11.24) ISPaul D G S Bknshard (rESi 27.1 I24} M Colin 26.6251 J A C Porter lapw)inted 26.6.25) S W Bolton l¥pp)intrd 26.625) COMPANY SECREfARY R Fielding REGISTERED OFFICE BLI 6HS REGISTEREDCOMPANY NUMBER (K)8&)974 (Eng1w s1 Wale51 REGISTERED CHARfTY NUMBER 247160 SENIOR STATUTORY AUDITOR P B Sy(kWI F.CA. F.C.I.E. AUDrroKS P B Sy¢] & Co & S¥tutory Audit(xs 81 Ckdey Obj RL BLI 3AJ BANKERS Brrdle Rd Musey5ide L30 4GB
LANCASHIRE MARK BENEVOLENf FUND LIMITED REFERENCE AND ADMINisfRATIVE DAlLs FOR THE YEAR ENDED31 MARCH 2025 INvEME1 ADVIg)RS Clwle5 Stslty & Co Limid 6th Flc4)r &mli8ht Hw l)wy Street Manehester M3 3JZ
EAST LANCASHIRE MARK BENKVOLENT FUND LIMITED REPORT OFTHE TRUSTEES FOR THE YEARENDED31 MARCH 2025 The Iru5tee5 who are 4180 dir¢dm of the clthrity for the purp09es of th¢ Cwnp8ni¢s Act 2006, present their report wlth the fin•n¢iAI $tsIemet of the ¢tthrity for the ye•r ended 31 March 202S. The tru5¢8 have adopt¢d th¢ pmlslons of AwtiD8 and Reporting by Chwi¢ies.' Sl8iement of Rexommetlded Pracuce appli¢abl¢ to ¢barities Fryirtg their coutlts in accordart with th¢ Financi ReportiTh8 Ststldard ppli¢able itt th¢ UK Republic of lrtllnd (FRS 1021 (effective l January 2019). OBjEIvEs AND ACTIVITIKS Objeedvu 8Dd Al E88t Lancashire Mark Bthwvolent Fund Limit¢d's prirn obieetlvt li th provid¢ r¢lief to those in n¢>J mon8 MATk Th¢ ¢harity owns and manABes 43 prop¢rti¢J wiliiting of self40nt81rt bvn8alow8, flats ap¢ments and has rtfolio of quote41 investm¢nts. Further incorne ts d¢rived from volunwy donJtsoN from M78 and M•Tk Lodges. The in¢om¢ from these ajlowi the fimd help othercharithble endellvour& Addidonalty th¢ ctwity ¢ontinyu to enwe with Th¢ OrAh•m FuifoTd Chprity to offer blood for Can to the M•rk Brethren of EUL L4nca8hl In¢om¢ is deriv¢d from retlts ChQd t¢n•nt4 voluntw doDation4 Inv¥tmeiit Income attd the hoMln8 of lo1 ents which opth w the B¢n¢rAI pub]i¢. The chwity ¢ontinyH to The Oraham Fulf0 Clwity in off¢rin8 blwd teth for pMtat¢ th¢ M¥k Brethren of Eut LAtL¢uhtre. Publk bene The trust¢¢8 ¢on¥ider that durln8 the year under review th¢y hav¢ JuK¢sgfully a¢hlevtA the obJectlves of prnvhdln8 rnikr for thole in e¢d and have 8lv¢n due r¢8•rd w th¢ guidance published by the Charity Commi8slon on publi¢ b¢nefit. FINANCIAL REVIEW FlnAnelal poiltSon The exee88 of in¢ome ov¢r ¢xpthditur¢ for th¢ yw was £87.058 (2024 - £54.5151 whi¢h tlded net yln# on inv¢siments of £10,943 {2024- £54.593). The propthth8 were prnfe851on8lly r¢v•lu¢d in A11 2023 and the do not feel thii th¢r¢ would be any belfil from p furth¢r r¢v4luwtiM ai this dme. Tho book y41 of th¢ listed inve&tmentsh&8 by £112J24 which is n¢t of Y wweajiaed Baitu oriou R¢ww ptsliey Hivirtg wtsleLttk¢n their •nnuLI review of reserves. the tsws¢e¢s b¢li¢v¢ il •ppYopria to rnaintsirt urLtEStri¢t¢d in the order of £50,000 to meet planned refthishment of the prop¢rtie4 Any immedÉate maintenance costs to m¢¢¢ th¢ prrrfniKs of charitAbl2'donll¥lons. The th18 unrestricted ot bjnk at ttK yearend wu £56,785 (2(1)4- £79.636) whi¢h 18 in Ilrte wlth this wjlicy. STRUCTUR4 GOVERNANCE AND MANAGEMENT Governln8do¢uDwDt The charity is contsolkd by its 8overnin8 drKumenL a deed of &nd ¢onS¢1S a Jimited cornprty. Ilmi*d by 8u•rnnt¢¢, •$ d¢fill by CornpAThi¢S A¢1 2QM.
EAST LANCASIIIRE IMARK BENEVOLENT FUND LIIMITED REPORTOFTHE TRUSTEES FOlI'fHE YEAR ENDED 31 MI ARCH 2OZ5 The Provincial Grand Lodgc of Mark MJsl¢T MllsoDS wiihin Ihe Provincc of East Lancashirc ¢%tabli5h¢d the chariry. East L4ncashirc Mark Bcn¢vol¢ni Fund Limiied. by ihe cxeculion of a Iru51 deed daied th¢ 28ih Jnnuary 1966. Thc charity. govcrncd by its Articlcs of Asso¢iaiiort, is limid by guarnnico and docs iiot linv¢ J ShT¢ cdpithl. Its aimy ond objeeiivcs are eSblished wiiliin Ilic Aniclcs of Ass(Kig1ion. In ih¢ cv¢DI of Iht company being wound up rn¢mbgJs are requircd 10 conlribulc uii amount not cxc¢¢dinbP £1.00. Recru1¢¢t ond Appolntment ol new trustees Thr¢¢ of th¢ diicciorlinisiees having setvcd Ilie Icniis of th¢ir appoinim¢nt stood down ai Ihc AGM and ilic new boord are those who prc5cnt tlii5 rcport. The direeiors Te¢¢iV¢ no r¢muncrniion or any oihcr bcnefil for thcir work. OrEAnlsatlonol 51rueture Tlie c¥ccuiivc dircciorltru51¢C% or¢ ¢l¢ci¢d for ll period of four year5. The churity does not have nny ¢mploy¢cs. Th¢ charity thes noi raise funds from thc gcncrnl publi¢. R15k manReIent The Irnslccs havc condu¢ied o review of Ihe mlJr risk5 to which Ihc chiriiy is expos¢d. Procedures are in place 10 control lh¢ impl¢meniaiion &?nd auihorisalion of 411 lrnn%aclion$ nnd prQJW. Other relevant Informidon Wilh th¢ b¢n¢fii of independcni cxpcricnccd profission&ll Edvice lh¢ r¢nts were reviewcd lo rcflccl murkei levels so thai Ihe income would rcflccl Ihc fund'% choriinhle nhltgaiion. On Ic8al odvicc, Ihc INslccs %ubmillcd a S¢riou% In¢id¢ni Report 10 Ilie Chnrily Comini%sion wlio h)v¢ indicoied that Ihcy lre saiisficd Ilial Ihc Iru%leCS hJi'¢ idliiiified dn error nd ocied appropriolcly lo rcrncdy it. Thi$ report hos b¢¢n pr¢pared in occordllnce with Ilic 5pcrial provisions of Part 15 of Ihc Compunic5 A¢1 2006 r¢loiin8 10 Small componies. Approved by ord¢r of the boord of tru51cc5 On... ond signcd on lis bchalf by.. J A C Port¢r. TnJ%l¢¢ Pagc 4
EAST LANCASHIRE MARK BENEVOLE FUND LIMrrED STATEMENT OFTRUSTEES, RESPONSIBILITILS FOR THE YEAR ENDED31 MARCH 2025 The tru¢¢$ Iwljo a also dirtdLVS of FAY Lancashiff Bth%vol• F Ltmited the pwpJ5ts of company law} are re5w]ble for trywing the Repm of the Tru¢¢% 8t the financi0] staments in aOrd with applieable law and United Kingdom Accounting SW)da IUniteJJ Kingkn C¢nerally Atteoed Ac4xyJntin8 Prncti¢¢) including Financtal Reming Stsndard 102 The Fin11 RqKting StarKlard arplrcable in the UK and Republicof Ireland.. Company law requires the trustres to film141 ftr exh firthrtial year. Under law. the trustees have ekcted to PTtp8re the financial ststemenLS in xcordantt with Uniwl KiD8kn Genernlly Aettmed Aea)untins Practiee (United Kingth)m Acwunting Starthrts and arvlicable lawl Under Lx)mpany law the Erustees MU appme the fin•111 s¢em¢nts unless they art stisfKd that they give a true and fair view of the Swc of affairs of the charitsble fnpanY and of the itthming and appliOn of resource5. in¢luding the inwme and of the Clble ¢YrtnFwy In prpgring those fijla1 5raiements. the trustees are rtquired to selttt suitsble accounting lIcIeS and then apply them Co. observe the Me and principles in the Charities SORP. rnake judgements and ellimates are reawable . prepare the financ 51atcmcnts thc going CollL t4Si5 unlw it is presume that the charif8ble company will continue in busi[S5. The trustee5 are resrA)nsib]e for kttpin8 proper reayds which disc105e with reasonobk xcurxy at any lime the financial pjsition of the charitsble ccwnp8ny aTKI to enable to ensure that the financial statements comply wilh the Companies Act 21JhS. They are also resFKffisible for safegwding the assets of the ejwithble comp4fty aftd hence for takixg re&sonable steps forthe prevention and deteLXion of frnud and other iThryylaritie& there is no rtlevant a111 inforniat1 ofwhich the charitsbk ujmpny's a1110 are unaware: and the In$ have ¢aket) all steps that they ought to have to make themsel•rts aaYe of any audit infornjation and kn estsblish th the dJ1s t aware ofth* infOrn.
REPORT OFTHE INDEPENDE1 AuDrrOiTo THE MEMBERS OF EAST LANCASHIRE MARK BENEVOLENT FUND LIMrrED Opinion We have audid the financiai s¢aments of F25t IaShirt Mark Benevolent Fund Limited lthe 'ch¥itsble Company.) for the year etKkd 31 March 2025 which comyyise ts Swuntht of FinanLMd ActivitiA th¢ Balance Shert and ne5 10 the financial Strternen including a swnmary of si8nifKknt T¢owiiing 11¢1¢$. The financi [ClIng ffam¢woTk thai has Ften ¥pplied ith their weiwion i5 4plicable law and Unid King&Mn ACLXMmti Stsndards (United Kin8th)m Generdly Acttptsj AtuntIng Pral¢¢K includin8 FllwKi81 Rewting Stand8rd 102 The w1nCIal Rewrting Swthrd ¥pplKable in the UK and RewblK of Irelrf. In our opinion the fitmncid stsments'. 8ive a and fair vi¢w of the of the charitsble 8fftiTS as * 31 March 2025 WKI of its iw)ming resourees and applIlOn of reWurc iwIlIng its irtome aThl exw4JIw. for the year then eThkd: have been woperly Pret?1 in accordKe with Uniirgj Kin8thJm Guvally Aectoed Accouniing PTacli¢e. irtluding Financial Rep)rting Stsndard 102 Tr Finkneial RepMin8 Sthnd¥d applicabk in the UK wJ Republic of Ireland.; . hve been prepwed in with the requiMts0f the CThnpanie5 Acl 2(#)6. B¥1$ for oplnlo W¢ onduded our wmlit in xcordm with InternatiThwl Stthds M Audit?nB IUKI IISAS IUKI) wd applicabk law. Our respMibiliii¢s Ulthr dK)se Sthndvds fibrther described in the Awlitors, resw)nsibilities for the audit of the fiAanci41 st&ments serfion of our rep)n. We we of the ¢h¥itable cthnrAny in cOrdnce with the rfhiul requirements th tre j%lev1 to our I111 of the finoncial 5tements UK. includin8 the FRCS Ethical Standanl. and we have fuifjlled crtlr othr ethic4J TEspJnsibilities in with these rtlwirements. We belie lh& th¢ audit evidence we have obtsined is sUtTKieni 4ywiate w FwDvid¢ a b15 fi)r ¢wropinion. Cothduslons reltlni to zolnl coneern In auditing the finala1 5tal¢mrnts. have c(¥KIth tyust¢¢s w$¢ of the pin8 0)ncwTh btsis of Aceouniin8 in the prwtion of the finon¢ial sthtanents is aFv0priC. Based on the work we prMe4 Iwe n(x idertifKd w rnuial unttrtainiie5 rdating to ¢v¢nts or eondititsns th•L individually or coll¢div¢ly. may c•st si8nifiwit doybt M the ¢b•ritsbk comparty's ability to eorttim as a 8oin8 concern for a peric41 of at Th¥elve months fmm when authjrised for i55ue. Our Tespjnsibiliiies and th r¢s1b111 of truMee5 with respea to 801 C4JrK%m we described in the relevant sections of this reFxJrt. Othtr Infgrnb1¢lo The Iwstees are r¢s$1ble fw the (rfher infomwion. The (thr infornww)n c(Knprises the inforn?ation included in the Attnual Repx( Lthr thkn the fin•nei•l ow R4yl offv Audiw therton. Our opinion on the finan¢ial thtements cover the rther infonnalion knd. ¢x¢ty¢ to the ¢x¢¢nt otherwise ¢xpli¢iily swed in ow Yer[ we 0) Thxtxpress forni of &$sUr conclusion thetton. In u)n[¢t10n with our aydit of the finaw1a15CmeNS our r¢S11b111ry is rt4d h¢r inforniation and. in doing 50. consider whrfher the (ther inf0m1cM is materially IrKOlnI with the financial sthments or our knowledge obthined in the audit or L1$e appe4ts to be mwler11Y misuated. If we identify such Mer19[ irKon5iSteneies or arent Materi81 mi5518temenl8 required w det¢rniine whaher this gives rise w a material missthm¢nt in the financial sthiements themselves. If. t•sed on the WLMk we have rrtrformed. we Lx)nelude th there is & material Inisstt¢m¢nt of this w¢ wired to fxL We hwe Th)thir6 to repKJn in thi8 regard. op1nio fj¢h¢r m*tt¢n pru¢rfbed by the COM6e9 Aet 21 In ouropinion, based on the wryk undeth in the COU ofthe audit: the inforniation given in ihe Reprt of the TrUSe5 for the financial year for. wthich the financial statements HIE prcpred 15 eonsisient with th¢ finarKial and . the Re[rt of ihe TnK8tse5 hs been prtwed in &thrdance with applicth legal ruplirements. Pry¢6
REPORT OFTHE INDEPENDE1 AUDITOILSTO THE MEMBEKS OF EAST LANCASHIRE MARK BENEVOLE FUND UMITED Matters on whieh we ire wulred to rrt by exee In the li8hi of th¢ knowl¢dge and underSdIng of the charilabk c£thpthy athl its environrnent obtsined in the of the audii we have ilfd Maw1 MISS in the Reyyxtof the Tne W¢ have nothing rwi in res of the following where the cl&Ie5 Act 2006 rewires to rewyrt to you if. in ouropinion= . adequa a(UntIng reoyds ha Trx iwi kw (r thltqu hr audit have been received from branches not visited by us. or the financial smemenis a in ag1Ment with the xtrmrting }rdS and retw[4 LY ccrtain disc105UR5 of trustccs, remurl srKcified by law we not mth: or we have noi receivd all the infomwion aThJ exp1amt1( we a11¢ Crf the trustees were not eniitled to t8ke adv8nts8e of the small cornFani¢5 emrAOn frnm ts r4uirement to prepatE a stra•C Re&X or in pryingthe ReF)noftrK Tn&ee R25pon5ibiJitie5 oftrnstets As explained more fvIIy ID the Stawnent of TnLSEee5' Re$7)11111¢S Ik tnLqees IwlKTr ar¢ al directors of the haritsble company for the purTx)ses of eompny 18w} are resithsible for the preparntion of the fin¢187 statements and for being l$fIed ihac th¢y give a true and fair vi¢w. and for such in*mal umtrol &s tru5tee5 determine is neeessary In preparing firwiciaj statemrnLK the tru aTf Te$tsIb a55e5sing thc ehrithble company's ability io eontinue a going concem, diSC51n& as applicabl< rnattus led going c4)rKem and sing the 80in8 concem basis of accounting unless the mwee5 inteThl Iwuith the charitable (x)mpny LY ts) eesse OperntiS or have no realistic alternative but th) 9).
REPORT OF THE INDEPENDENT AUDITOILSTO THE MEMBERS OF EAST LANCASHIRE MARK BENEVOLENT FUND LIMrtED Owr rupo#slbllltles forthe •udit of th¢ f4¢1¥1 st•t¢ments Our obi¢dives are to obtain reasothle aSSUT8rte aiwjjt whetrr the finwKial Stsnents &s a whok are free frnm material misslatemenL whether due to fraud or ernr. arKI to issue a Rert of the IndepTrt Auditots that include5 our opinion. RC[le assurance is a hiBh level of assuraTK< is 8uarane an audit ¢oThJuct¢d in eccordwKe with ISAS (UK) wll always d¢t¢rt a m¢rial missw¢ment when it ¢Xists. Misst8tets t4ll tri5e fr¢Nn fTaud or em)r nd are considered mthrial if. iThliviththlly or in the 48Teg#t< LId be exPd to influence the ttonomi¢ decis)nsof usus taken on the b&sis ofthese fitwKial SWeM The exiefft w which ourryocth ue caFabk of kning irre8utsritits 1rnIling fra is ddailed beknv: Financial sthments, inc1lIng trth¥ frawl may by wuirin8 of Man•geMlI of its own cot)siderntion of fraud. In picUlar. we l(thd at whue made subitttive jydFmM¢& for exwnpl¢ in res of 5ignifKgnt 8ccounting esiimates involved making asgJmoh)ns aThJ considttin8 evthts that inheretttly uneertain. We also considered wtenti81 fInwl#l other eSsur cyixirlunity wyl motiv•h)ns for fraud. As part of ihis dLSCUSSion we ideniified ihe inrnel Contro esthblished to mitigate risks related to fraud or noncomplianv wi¢h 18w5 and regulthions how mkn8gement monitLY thest p[ceSses. Approwiale prottdure5 iTKI review ar te5tin8 of manual journaLs and k¢y elMo1¢S and jUdM$ by We 8ained an understandin8 of the k8aJ and T¢gylatory frnrnewryk appIlble the chlty aThJ the IndUry in which it operntes drawin8 on our br(l seuor ewience. &)d consideMI th risk of by the charity wer¢ contrary lo these laws arKI w18rions includin8 frthxl. W¢ laws and resul1 eould 8ive rise to •maril rni551•trnt in the fin1•1 siatements. We mad¢ thwiries of with re8wts w ctMnpliw¢ ith laws •Thl regulion5 corrobornted necessary evidence w relvAnt ittfmiM. W¢ did identify key audii m5 rellting to Kre8utsriii4 irKludin8 fratyj. As in all of our I11ts. we 50 athlressed the risk of msSeMent override of imtrnal ¢ontrol$ i111n8 tesiing joumals evaluation whether there was evidence of bias by the dI¢)rtrUSttt9 tha¢ rewe%nd a risk of marial misstatement dy¢ ty fraud. Our #udit wrtedures were desiyd respmd kn risks of material misstmement in the financial atemeTht& rewgnising thAI the risk of rwjt det¢¢tin8 a matvial rnisstsmeM due fra is hiBher than the risk of not ddeciit18 one $]119 rrom error, as fiaud nY involve deliberlte conceaJm¢ni by. for example. for8ery, misrepresentaiK)n5 or through collusion. Thert #rt inh¢rwt limilalions in the a11( Wf(ed and the further removed nonwcompliance with laws and ff8U11OnS is ihe ev¢nts WKI try10n$ rellectrd in the firw*iil statem¢n the les5 likely we to become iwtre of it. A further descriwion of our wsibiliii¢s for the audit of ihe fin•ncial statements 15 k1 on the Financial Repming Councifs website at wWw.frc.oUk/laI1WeSwYD$ibllltI¢ This descrioion fms part of our Rel of the Independen¢ Audi.
REPORT OFTHE INDENDENT AUDrroKsTO THE MEMBEKSOF EAST LANCASHIRE MARK BENEVOLENT FUND LIMrrED Use •f our report This repon is made 501¢ly thwioble comwiy's membu& as a tdy. in with CW 3 of Part 16 of the Companies Art 2006. Our audit has been thwJeFthken $0 that mighi sthte to the charitable company's members those Matte we are required to stste them in an auditors. and for no other purtx)se. To the fullest exnt pemitted by18w, we do accept or asswne s81b11ity enyott ¢)thtt thAn the ¢h8ritable comwiy and the charitable wmrAny's merntr5 &S 8 txxly. forour alit wrKK ftrthis theopinio% hav¢ fornied. P B Syddall F.C.A.. F.C.I.E. Isenior Statuw AuditLY) forand on half of P B Syddajl & Co crtered Ac¢ountsnL4 & Swuiory Auditors Grdfton House 81 Clw)rley Old Road Bohon Lanc&shire BLI 3AJ
EAST LANCASHIRE MARK BENEVOLE FUND LIMITED ATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 2025 Total fund$ 2024 To¢al fur¥ts Unrestricted funds Re5trrcted fund Note$ IIYCOME FROM tk)nations 21,978 21,978 22,757 Investment income 214041 214041 203224 TtytAI 19 236.019 225.981 EXPENDITURE ON Ch•rl¢able Aetlv5tles Charithble a¢iiviti¢5 12W 12W 161J51 Other 22,921 22,921 Totsl 14&961 14&961 171.466 Net 8•in5 on investtnents 10,493 11493 54.593 Nrf INCOME 97JSI 97JS1 109,108 RECONCILIATION OF FUNDS Tothl fvnd5 brou8ht foThwd 3x130 3J64130 3257,022 TOTAL FUNDS CARRIED FORWARD 3A63h81 3.463,681 3,366,130 Th¢ note5 forni part of thoe finatKial ststements P4¢ 10
EAST LANCASHIRE MARK BENEVOLENf FUND LIMrrED BALANCE SHEET 31 MARCH 2025 2024 Unr¢5tri¢ted Restricted funds fvnd Totgl nd5 fimds FIXED ASSETS Tangible &ssets Investtnen 1553.794 861.98 U53,794 861,980 2,553,794 749.456 10 3315.774 415,774 3J03250 CURRENT A&SETS Lkbtors Cash at bonk and in hand 12.953 5&785 11953 785 4,139 79,636 69,738 69.738 83.775 CREDITORS Amounts falling due within one year 12 {1148O> {114&)) {15.7671 NET CURRE A&SETS 68.008 TOTAL ASSETS LESS CURRENT LIABILITIES 1474032 3A74W2 3J71,258 CREDITORS Amounts falling due after more th8n one ye4r 13 {IOJ51) {iOJ51) 15.1281 NET A&8ETS 3.463ffj81 346WI 3 J66,130 FUNDS Unrestricbj funds 14 3,463ffj81 3.366,130 T(YFAL FUNDS 3,366.130 These finaneid slatements have been prepared in xcordartee with the provisions 4)plicable to charitable companies subj¢¢t the small companies rcgime. The ial statements were approved by the Board of Tru5tee5 and authorised for issue .. and were 5i8ned on its behalf by.. M Coltn- Tntstee Ihe notes fomi part of ¢h¢5¢ finla1 statemer P¥ell
EAST LANCASHIRE MARK BENEVOLENT FUND LIMITED NOTLS TOTHE FINANCIAL ATEmENTs FOR THE YEAR ENDED 31 MARCH 21125 ATUTORY INFORMATION E&8t L8mcashire Mwk BenevoleTrt FurHI Limited is a registered charity ond a private company, limited by 8uaraniee. registered in England and Wale$. The Charitabl¢ comp8nYs registered numb¢rs and regis¢ered otTice oddr¢55 can be foutml on the Referenee #nd Admini$trativ¢ DetAils page. The we5tntation cuNerKy of the fit)&ttci•l slatements is the Pound Sterling 1£). ACCOUNTING POLICILS BASIS OF PREPARING THE FINANCIAL STATEMENTS The financial statements of the eharit4ble company. which is a public befit ¢ntity und¢r FRS 101 ve bttn prepared in &¢cordance with the Charities SORP IFRS 1021 'Accounting and Rew)rting by Chariiies: S¢atemeni of Recommended Pmxi¢e applicAble to charities PTepartn8 their accounts in accordan¢e with the Financial Rewyrting St8nd4rd applieable in the UK and Republi¢ of Irelwnd IFRS 1021 leffel¥e l JanuAry 20191,, Financi Reportin8 Sthndard 102 Th¢ Firtancial R¢tthin8 Standard applicable in th¢ UK and Republic of IrelwKt' and thc CompAnies Act 2006. Th¢ fimncial 5t4tements hive been PTEpared under the hiSried[ cost onveniiort with the ex¢¢ption of inv¢s¢m¢nis whi¢h are included at markei value. a8 modified by th¢ rev&tion of ¢¢rtain assets. INCOME All income is reco8nised in the Statement of FirwKial Activities onc¢ th¢ charity is enlitled to the inL¥)me Artd is accoted foron a ¢ash ba8is with the exeep¢ion of Gift Aid Tax whi¢h is wunted for on an ru81$ btsi$. EXPENDITURE Liabilities are recognised as ¢Kpenditure as soon as there is a le841 or constNdive obliBation wmmittin8 the charity to that expenditur¢, il is prol)able th&1 8 transfer of rfonomic b¢nefits will be required in settlement and the amouni of the obligation can be me&sur¢d lIablY. Expenditu is a¢cound for on an a¢¢Tuals basis ¥nd has be¢n classified under heing$ ihdi 488rtBaie all wsi related to the category. Whr wsts c&rtnot be dir¢tly attTibud to particular he4din8s thty hAve been allocd¢d to activtti¢5 on a basis consistent with ihe use or resou¢9. Gran¢s off¢red subjecl lo condltions whieh have rh)t be¢n met at the year end d&t¢ are noted as a c4)mmiim¢ni b nol accrued as expendilure. TANGIBLE FIXED ASSETS Fr¢¢hold land 4nd buildings are $wed at their re•valued wnount. DepTlAcK)rt is not provlded becaus¢, in the opinion of the truste they gre included In ihe financial sthtements at theireurr¢nt fair value. Silverw4re ITH Morkland) is Sthled & co. No depreciation is provided. INVESTMEKrs Inve5tsnents made on 8 dISctIOnary b&%15 by advisors Ch&rles Stanlty & Co Limited. with a medium low risk in non equity securiti¢5 and in certain instances a medium risk in equitie5. Overall ihe obJ1¥e IA to produ¢¢ a lance beThw pItal 8TOWth and inwme. Investsnents Ire included in t financial statements at their m8rk¢t valuation ot the balance sheet d8te as epared by the inv¢stmeni 4dvi50rs. GaFn5 or losse$ arising from these veluations from di5POsats during the yearar¢ included in the Statement of Finwcial Adivities TAXATION The chartty is exemp¢ from eorywation t&x on its Charitable activitie& FUND ACCOUNTING UnrenCIed fvnds csn be used in acrd8[¢ wilh the charithbl¢ objectives at th¢ discretion ofthe trustees. Page 12 continued...
EAST IANCASHIRE MARK BENEVOLENT FUND LIMITED NOTLSTO THE FINANCIAL STATEMENTS- ¢fjplipwd FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICILS- ¢ODtinu FUND ACcOu1c Rwrieted fijnds can only be u%d particultr ttstri¢t&l purw5ts within the objects of the charity. Restrictions GOING CONCERN At the lime of approving the ?Onts the trustres have a tta4xMbk ¢xption th the Lknity has adwuaie res(yJrces to continue in ormtionaj exiswice for ts foreAp eable firture. Tlw the trw%tees continue to 4dopt th¢ going COTKem isisof aceoutiting in WePTir¥the FINANCIAL INSTRUMEKrs of the Instrument. Finala1 assets whith indud¢ debknrs and bank balances are Measu at their tranS&ti price •¥J related costs arml are rtot IrtK)rtised. Financtal liabilities inclLwJin8 CfEditL¥S are wised * their wi(g and w¢ Thx wTh)rtis¢d. Suth liabillties are cla5sifi¢d a5 curreni liabÈlits rfwable within (ffieyex. CRITICAL ACCOUNTING JUlEmE1[s AiYD KEY SOURCFS OF ESTIMATION UNCERTAIIYTY In the applicattw of the thztty's liS the mwees are to make J1@ements estimes and a55umptions aLt the CaFryill8 wnount of a55cts and lilI111c$ that are Mt fEadity 4prently frrmn other %wrccs. cOT]dered to be relevant. A¢¢uai resuhs mty difftr fm estirnts. The ]m¢S uriY]ng assurnNicTh ¥e Teviewrd on an ong)ing b1& RevisvJM xcouniing esiima are reco8ni5ed in the peri(yJ in whÈch the estim ts fEVi5ed where the revision affttts only that PtrKMI or in the There were rrt) estimate or assumpticS which have • SIlficant risk of i*tsin8 a rnakrid adjusknent to the caryinB amount of atMI liabilities. INVEsfMEIYT IIYCOME 2024 Rents rtceivd- Canons C105e Bolton Rents rettiv¢d- Pri0 CkJ5¢ Blackbwn Dividends received Ground reni receivabk tkp)sii a¢eowJi inw¢ 119.908 69J85 147 118214 02.438 21,596 916 21WI 203.224 Py13 continued...
EAsf iANCkSHIRE MARK BENEVOLE FUND LIMfTED NOTLSTO THE FINAI¥CIAL STATEMENtS- c•Dti•ued FOR THE YEAR ENDED31 MARCH 2025 CHARITABLE AcnviTILS CO Grani fundin8 of a1vIlle5 Direct Costs T(rf$ ChaTithble t*tivitLes 91487 32J53 12&040 SUPPORT COSTS Gowemance Costs 22,921 AUDrroKs' REMUNERATION 2•25 2024 F¢c5 Yab]e to the chrity's fcrthe I11 orth¢ ¢h#rity's financial 2.136 TREE& REMUNERATION AND BENEFITS There Ire rKiemployeu of the chty. TRusfEEg EXPENSES No remurtrnlim or ¥e p•td tr) the tru#e&dir#tyrs othH f(r the reimlwjrsanent of incuffed by the seutwy ofwfof the eh TANGIBLE FIXED A55ETS Fr¢th)Id dand twiklin8S Mwkland Silverware Tothls co OR VALUATION Ai l April 2024 ffjd 31 Mh 2025 1553.794 NET BOOK VALUE At 31 MaT¢h 2025 USOAK#) 3,794 2J53,794 Ai 31 March 2024 2J50.(XX) 1553,794 lrtluded in cost w Valu1 of lknd buildiw is freeb)Id ofa550.fXKI 12024 - £2.550.CWI which is noi (kpr¢¢iated. Page 14 coniinued...
ST LANCASHIRE MARK BENEVOLENT FUND LIMITED NOTESTO THE Flf4ANcIALSTATEMEI5- eoAtthued FOR THE YEAR ENDED31 MARCH 2025 TANGIBL8 FIXED ATs- eontinlleAI Cost Orva1loTr at 31 Marth 2025 is re[K¢s by: Freehokl land and M8rklnd Silverre Totak Valu) in 2017 ValuatK)n in 2023 Cost IJS4733 5200 475367 I54,733 S2 479.061 1794 U53.794 Fld land & I1]dIng$ were Val by Bth & an irmkpth firrn of C1wtueJ Surv¢yw5 Val[ on OF¢n mark# value b&stson 24 Awil 2023. [kpreciati is provided bEca In the Opini of the dKaiM)v¢ r¢fivAsqrn¢ fair vaJue& The T H Mgrkland Silvtt was v8lwJ at £5.450 on a rrplxgrne4rt b1$ Èn SeounbEr 2011. Because of the uniqueness of the silverware curreN vaiwTh ha5 been ottsined a4 it is thffefore sthted at COSL FIXED Assrr INVL¥fMEKTS Lisd inv¢51ments MARKET VALUE Ai l April 2024 Additjons Diswss Realised gains Unrtralised 8WnS 749A56 24693 (142J57} 1fj493 At 31 m?h 2025 861,980 NET BOOK VALUE At 31 March 2025 861.98 At 31 Mvch 2024 749.456 Th¢re re no Investme Issetsoutside the UK. Cost or valuation at 31 March 2025 is by: inv¢s¢ments Valuation in 2025 761,992 861,980 Page 15 coDiinued...
IANCASHIRE MARK BENEVOLENT FUND LIMITED NIJTLS TO TIIE FINANCIAL sfATEMENTS. eoMlln¥ed FOR THE YEAR ENDED 31 MARCH 2025 DEFfoRS: AMOUKtS FALLING DUE WmllN ONE YEAR 2025 2024 12,953 4,079 Grthmd rettt Teteivable 11953 4.139 12. CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2025 2024 Accrualsand defeNed ine 15.767 CREDITOR&. AMOUNfs FAiLIIYG DUE AA MORE THAN ONE YEAR 2025 2024 E L4n¢ashire Mark Fe5ttvAI 2( IOJ51 5.128 The truses hav¢ thk¢n • decisi thrt they wish to povide for the FOla1 cost of a contr1blon to the Ea51 LtaShIrt Mwk Femival 2060. Ai ¥¢ decided kn pDvidt £5.) per 4nnum. plus a ¢thidetIOn for inleresl nts¢d. ts)W8nts the co#. MOVEMENT IN FUNDS Nd movemeni in fvnds At 31.3.2S At 1.4.24 unrerICted fv•ds Gener81 fvnd 3X13• 97J51 U6WI TOTAL FUNDS 3J66.130 97J51 3J6WI Nrf movemtht in in the •b)ve •e#s folknvs: Incornin8 Gains ar Movement in fund5 Unrestricted C¢rral fund 234019 (14961) IV93 97JSI TOTAL FUNDS 2W19 (148961) 111493 97J51 Page 16 conlinued...
EAST LANCASHIRE MARK BENEvoixNf FUND LIMrfED NOTFS TO THE FINANCIALsfATEMEI¥TS- e•titirtued FOR THE YEAR ENDED31 MARCH 2025 MOVEMENT IN FUNtKs- tontillmtd CompArRtiv£* for movernent in movement in funds At 31.3.24 At 1.4.23 unretted 3256.787 109J43 3J66.130 Restrleted fwTrds Restricted 235 {235) TOTAL FU14DS 3257.022 109.108 3.366.130 Comparative ntt movemeni in in¢lwJed in the alx>ve xeas follo. 110Mlng Gains aTrJ Movement in fiLTki% Unrtttrfeted Cunds 225.481 (170,731) 54.593 l(V4,343 Restrleted fwnds RtriCted S1 1735) (235) TOTALFUNDS 225.981 (171.4661 54593 109.108 RELATED PARTY DISCIAJSURES LIMrrED BY GUARANTEE The Charity is a comp8tty limitrd by guamtre and theroTe the5 not have any she capital. In the event of tbjing up the Charity. members maybe require41 tocontributr &n notexc¢¢din8 £1 w member. Py17
EAsf LAIYCASHIRE MARK BENEVOLEKf FUND LIMITED DETAILED STATEMENT OF FINANCIAL ACTivrriLS FOR THE YEAR ENDED31 MARCH 2025 2025 2024 IIYCOME Donattons Legacies Lodge donation$ Brethren Gift Aid rtcovertd Charity Skward events Regai1& Annugl meelin8 donations Provincial meetin8 eoll¢¢¢ion 1000 8919 9,701 1374 4.160 4.762 3.209 7.772 1,474 la82 21,978 22.757 Invdtment In¢orn¢ Rents received- Cartotts Close Bolton Rents received- Priors Close Blackbum Dividends received Ground rent receivable DeplI acwunl inlernst 119,908 69J85 2(147 118,214 62.438 21,596 594 916 203224 Totsl In¢omlng resoun 225,981 EXPENDITURE arftable at¢lwltl¢s Property rniinlenance- Canons Clos¢ Bol¢on Property mainteMn¢¢- Priots Close Blackburn GTrts East Lancashir¢ Mk Feival 2060 41,480 93,694 21,049 5,128 40.578 27J30 5323 126,040 Support fo Governance costs Auditor5, r¢muneTation SecrewI 8nd minIstri0 expenses In5UTance Investment ftes L¢g41 fre$ Pn)perty rnaTwm¢nt fees 2289 2,136 1,658 8,lJ94 2J82 9,1174 6,208 22,921 Tothl resour¢es expended 148,961 171.4166 Net ineorne before giM •nd lo& 87058 54.515 This pwge does not forn part of ihe Sltory financial statements Pa8e 18
EAST IANCASHIRE MARK BENEVO1 FUND LIMITED DETAILEDSTATEMENTOF FINANCIAL A1vEs FOR THE YEAR ENDED 31 MARCH 2O2S 2025 2024 Re81ised rewgnised gairu 8nd losses Realised gn(losses) on fixed asset investmerts (&1951 1285 Net incom¢ 55,800 This rABe thes forni p1 of the statuw financial statements P88e 19