REGISTERED CHARITY NUMBER: 283137 Report of the Trustees and Financial Statements for the Year Ended 31st March 2025 for The Masons Compony Charltable Trust
The Masons Company Charitable Trust Contents of Finan¢lal Statomentg for the year ended 31st March 2026 Page Report of the Twstees 1to3 Independent Examiners Report Statement of Flnancial Activities Balance Sheet Notes lo the Financial Statements 71010
THE MASONS COMPANY CHARITABLE TRUST Ann ear ended 31 March 2025 The Masons Company Charltable Trust is a Registered Charity No. 263137. The Trustees during the year to 31st March 2025 were'.- Mr Mr P Hynard Mr$ H.K.W. Pryke Mr M.E.Ma¢donald Mr C.D.Bryce Mr D.W.Neill Mr M.J. Low Mr B Grundy Mrs C Wallbridge Mr S Pike Chairman, Appointed 22r March 2021 Deputy Chaimian Appointed 5 July 2022 Appointed 9" October 2018. Appointed 261b March 2019 Appointed 8th October 2019 Appointed 5. July 2022 Appointed 3 October 2023 Appointed 3" Oclob&r 2023 Appointed 3rf October 2023 The Trustees are appointed by The Court of Assistants of The Worshipful Company of Masons. and the Trust is administered by Miss Jolanla Glas and the treasurer Mr Mark Macdonald clo Mercers, Hall, 6 Fredrick's Place, London. EC2R 8AB. The basic accounling is done by Miss Jolanta Glass and the production of the final accounts by Mr Mark Macdonald wrth advice (where necessary) from Grenfell James Associates Limrted of 3 The Courtyard, Timothys Brldge Road, Stratford Upon Avon. Warwi¢kshire, CV37 9NP. The stoGkbrokers to the Trust are J.M.Finn & Co Ltd al 25, Copthall Avenue, London EC2R 7AH, whose Partner sponSible for Ihe Trust's portfolio is Mr Mark Powell. They also manage inveslmenls on behalf of The Worshipful Company of Masons. If an occasion arises when legal advice 15 reqLtired, on an ad hoc basis this would be sought from Rooks Rider Solicitors, Challoner House. 19 Clerkenwell Close, London, EC1R ORR. Structuro, Governance and Management Under presenl procedures il is underslood that new Iruslees nomially serve for a period of five years. with a posslble exlenslon for a further period of two years. The Trustees ¢ontinu& lo monitor their exposure lo risk. For example, risk has been mitigated using internet banking arrangement5 by ensuring that The Chairman of the Trust, four other Trustees and the Administrator can separately view account delails at any lime.
Oblectlves and A¢tlvllle8 The objects of the Trust are'.- (i) the relief of poverty {ii) the advancem6nt of oducation (iii) the advancement of rellglon and liv} Such olher legally Charitable purposes as the Trustees Shall from time to time by deed execuled with their unanimous consenl declare. The Trustees meet formally four times a year and consult informally as often as necessary. They discharge their duties by moniloring their investment portfolio and arranging for Ihe income lo be donated to charities and other organisations and events 8UPPOrting Natural Stone and City of London interests. The Trustees are mindful of the requlrement lo ensure that Ihe Charity has objectives that are applied for public benefit. The trust makes grants to appropriate bodies thal care and foster many of Britain's most historic buildings which are constructed of stone as w611 as organisalions that care for the p8ople who carry out maintenance of such buildings. In today's society, the public has a clear wish to preseNe such buildings and creale new one8, bul this is under threat through lack of funding to support the training of stonemasons. The Charitable Trust seeks to help alleviate this problem. The Trustees therefore have no hesitation in claiming that Ihe public receives benefit from its activities. The Trustees are also endèavouring to fund stone relaled projects that involve young people of school age and which are likely to encourage them to take an interest in stone, slone carving and our Country's building heritage perhaps leading them into piogressing a career in stonemasonry or stone ¢aNing. Achievements ond Perlom?ance The Trust made grants of £31,599 in Ihe financial year 2024-25 {£39,305 for 2023- 24). Religlous buildings were beneficiaries of £5,000, the Lord Mayor of London's Charity Appeal was supported by a grant of £1,OOD. In addition, as a result of promoting our schools oulreach proje¢t, grants were made of £7,000 to support schools and organisations'that encourage young people lo become involved in stone carving. A number of specrfic day and half day sessions were run and more are planned. Further grants within the compass of the Trust Deed of £18,599 were made during the ¢ourse of the year. Efforts Continuèd lo increase the in¢ome of The Trust by encouraging members of The Livery Company lo make regular donations. Finan¢lal Review The Trust Funds are invested in trustee securities on the advice of J M Finn & Co Ltd, Slockbrokers, who also manage the investments of The Worshipful Company of Masons. Investment income for the year lotalled £20,249 against £16,482 the previous year.
Investm8nt aims and objectives provided lo J M Flnn & Co Ltd have an overall objective lo seek a combined retum from income and capilal adopting a medium iisk portfolio with no specified minimum percentage of low rÈsk investments. In order to meet the objective the Twstees have selected a dis¢retionary managed portfolio seNice. The trustees have also agreed to Use 70% FTSE All-share Index130% FTSE UK Gllls Index (total relurnl as a comparator. The Charity maintains sufficient res6rves in cash to cary out our charitable giving during the year. We hold a wide variety of equity investments that can be called upon If necessary. The Charitable Trust owns Ihe Freehold Interesl in a block of flals at Haven Green, Ealing and its share of the ground renl income was £15,000 during the year. In addition a licence is in place for a telecommunicalion mast on the roof of the building, generating additional annual income of £3.133. From time lo time lease extensions are granted that result in premiums being r6ceived by the Trust. Overall income including that from Bank Deposits, Rents and various Livery Company donations was £98,034 (£62,634 in 2023-2024) Plan6 for Futur• Pgrlods The Twstees, as well as continuing their curfenl policy of grants. intend to continue in¢asIng support for educational projecls that irslroduce young people to stone masonry particularly through the school'$ outreach program with taster days run by cathedrals and other educational organisalions. The Trustees ¢onlinue to support the Livery Company s involvement with The Weald and Downland Museum, and are expanding the commitment at The Ironbridge Museum. On behalf of the Trusteès Date
ewo hl ful Com a8ons Co Th Charltab Independent examln•rs Report to the Tru8ts68 of The Ma$on8 Company Charltable Trust {tho Trugti We report on the accounts of the Trust lor the year ende(13781 March 2025. whlch are set out on pages 5 109. Rospoctlvo rosponBlbS1ltl of trust•es and gxamlngr The ¢h8rily's Iiusleès. are responsible for the preparation ol the a¢counls. Th¢ charl1$ trustees considèr that an audit is not Tequlred for this year under Section 144121 of the Charitles Act 2011 {Ihe 2011 Acll and th81 an independent oxamination Is needed. It Is our responsibility to.. ¢xamlne the accounts under section 145 ofthe 2011 Act. to follow the procedures laid down in Ihg general Directions given by the Charity Commission under section 14515llbl of the Act. and to 81al8 whether parb'cular matlefs have come lo our attentson. Basls of Independent Examlners Rèport Our examlnallon was carried oul In acwTdance with the general Directions given by th6 Charity Commlssion. An examination includes a review of Ihe 8C¢OLinting records kept by the charity ènd a comparlson of the accounts presented with Ihosfy records. 1181so include8 consideration of any unusual il¢ms or disclosufes In the aceounls. and seeklng explanations from you as Iruslees conceming any such matters. Tho proeedures urKlertaken do not provide 811 Ihe evidon¢e Ih&l would be required in 8n audll. and consequentty no opinlot) Is glven as to whethei the accounts présent a rue an(J lair vleyl, end the report Is limited lo ihosg mallers sel out in the statement below. Indgpondent Examlners Statement In ¢onneclion with our gxamination, no Mall has come lo our attentsorT.' 11} whi¢h gives us roasonable cause lo believe that in any material respect the requirements.. lo keep accountlng records In accordance wlh section 130 of the 2011 Act,. and to prepare 8¢¢ounls whlch accord with the accounting words and comply wlh the accounb'ng reqyirement$ ofthe 2011 Ad. have nol been mel, 121 to wFNch. in our opinion, attentton should be drawn in order lo onable a proper understanding of the accounts to be reached. We have no concerns and have come across'no other matters in connection with the èxaminallon to whlch attention shOd be drawn in thls port in order lo enable a wop$r understarKling of thè accounts lo be reached. P W¢Wd FCA 2 Flrs Close Blethnglon Oxon OX7 6UA D Rees Th8Ke3 33 The stet Manuden CM23 1DF Dale..
The Masons Company Charltable Trust statement of Flnan¢lal Actlvltles for the year ended 315t Maich 2025 2025 Totsl fund 2024 Total funds Notes INCOMING RESOURCES Incomlng re$ources from g•nerated funds Voluntary income Inveslm6nt Income 54,017 38.956 28,518 34,116 Totsl incomlng resour¢¢s 92,973 62,634 RESOURCES EXPENDED harltable actlvltles Main Fund other resou88 expended 31.599 8,614 39,305 8,754 Total rosources expended 40,213 48.059 Net InGomlng resource5 before other recognl$ed galns and lo$$e$ 52,780 14.575 othor galnsllosses Nel gainslllosses} on investment propety Net gainslllosses) on Investments 1 21.009) 19,544 Net movement In funds 31,751 34,119 RECONCILIATION OF FUNDS Total funds brought forward 633,759 599,640 TOTAL FUNDS CARRIED FORWARD 665,510 633,759 These notes fomi part ofthe financial statements
The Masons Company Charltable Trust Balance Sheet As at 318t March 2025 2026 Total fund 2024 Total fund Notes FIXED ASSETS Inve$lmenl piopety Investments 100 638,983 639,083 100 597.767 597 867 CURRENT ASSETS Debtors 639 9,412 Cash at bank 27.288 32,580 27.927 41,992 CREDITORS Afflounts falling due within onè year 1,500) ( 6,1001 NET CURRENT ASSETS 26,427 35,892 TOTAL ASSETS LESS NET CURRENT LIABILITIES 665.510 633,759 NET ASSETS 665,510 633.759 FUNDS Unreslrlcled funds Restricted fvnds 665,S09 633,759 TOTAL FUNDS 665,509 633,759 The financial statements were approved by the Board of Trustees on ............................... and $tgned on ils behalf by.. Trusttre These notes form part of Ihe financlal statements
The Masons Company Charltsble Trust 140tss to the Flnancial Statement8 for thp ye4r ended 31st Maich 2025 1 ACCOUNTING POLICIES Accounting Conventlon These acwunts have been prepared under the historical cost ¢onvenlion with items ieGognised at Gost or transaction value unless oth8Twi$e stated in the relevant note{s} lo these accounts. The accounts have been prepared in accordance with Ihe Statement of Recommended Practice: Accounting and Reporting by CharitSes preparing Iheir accounts In accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland IFRS 102} issued on 16 July 2014, the Finan¢ial Reporting standard applicable in the United Kingdom and Republic of Ireland IFRS 102> and with the Charities Act 2011. Incoming resouvcos Theso are included in the Stslement of Financial Activities ISOFAI when.. the charlly becomes eni¢lled lo the resources,. it is more likely than not that the liustees will recelve the resources.. ar¥J the monetary value can be measured w¢lh sufficient ieliability. Resourc expended Liabilities are recognised where it is more likely than not that theye is a legal or conslruclive obligation committing the charity lo pay out resoue$ and the amount of the obllgalion can t me83ured with reasonable certainty. Support costs have been allocated beiween governance cost$ 8nd other support. Governance costs comprise 811 costs involving p¥Jblic accountability of the charlty and its ¢ompllance with regulation and good practice. Investment Property Investment property has been valued using the Cost Model as. Fair Value cannot be measured reliably without undue cost or effort on an on-going basi5 Inve8tment8 Fixed gsset investments in quoted shares, traded bonds and similar investments are valued at Inrtially at cost and subsequently al fair value Ilheir market value) at the year end. The same treatment is applied to unlisted investments unless fair value Gannot be measured reliably in wh.ich casè it is measured al ¢osl less impairment. Taxatlon The Company is exempl from tax on ils charitable actfvitie$. Fund accountlng Funds can be used in accordan with the charitable objectives at the discretion of the trustee$ These notes form part of the finan¢lal $tslemenl$
The Masons Company Charitable Trust Notes to the Flnanclol Ststements for the year ended 318t March 2026 2 Analysis pf Income Donatlonts Donations Gift Ald 2025 2024 54,016 24.831 3,687 28.518 54,016 Incomg Irom Investments Rents received Investment income 18,133 20.823 38,956 17,100 17,01e 34,116 Total in¢ome Analysis of expendlture 2025 2024 Adminlslralion support costs Bank charges 8,554 8,689 65 3 TRANSACTIONS WITH TRUSTEES AND RELATEO PARTIES Trustee remungration and b6nefft8 None of the trustees have been pald any remunefalion or recelved any other benefits from an employment th their charity or a related entity Tru$tegs' expgn$e8 No ITUStees expanses have been Incurred. TTan$actlon8 With felated parties There have been no related paty transactions in the rep¢rting perl¢Jd. These notes form part of the financial Statements
The Masons Company Charltable Trust Notes to the Flnanclal Statements for Ihe year ended 31$t Mah 2025 4 INVESTMENT PROPERT 2025 2024 C03t 100 100 Nel book value 100 100 S INVESTmEr8 MARKET VALUE Al 31st March 2024 Addition8 Disposals ProtiV(loss} on dlsposals Revèluallon 597,767 13a,8S5 { 68,7701 { 22,7451 875 At 31st March 2025 638,982 NET 800K VALUE Al 31st March 2025 638.982 At 3181 March 2024 597.767 6 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Accrued income 7 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2026 2024 Accruals for grants payable Other creditors 1.500 6,100 These notes form part ol the financial stslemenls
The Masons Company Charltable Trust Notes to the Flnanclal Statements for the yèar endgd 315t March 2025 8 MOVEMENT IN FUNDS Nel incoming resources Re81ised & unrealised gains Tclal gains Al 31.03.23 At 31.03.24 Unrestricted funds AuMUlated income Capital account 72,770 560,989 52,759 52,759 1 21.0081 1 21,0081 125.529 S39.981 Restricted funds Total funds 633,759 52,759 665,510 These notes lorm part of the financial Stslemenls
The Masons Company Charltable Trust Detslled Statemgnt of Flnanclal Actlvllles for the year onded 31$t March 2026 202S 2024 INCOMING RESOURCES Voluntary Income Donations Court & Livery donations Court & Livei Court & Livery Gift Aid Court & Livery- Non Glft Aid othèr Gifl Aid (Llvgry Fines) 54,016 28,518 54.016 Investmént Income Rents recèivèd Phone m8s1 rental Inveslmenl income Interest rècelved 15,000 3,133 20,249 574 38,958 Is,000 2,100 16.482 534 34.116 Total Incomlng resouTCeS 92,972 RESOURCES EXPENDED Charltable a¢tlvltl¢s Associated CompanS6s Jolnl V8ntUfO Fund- Brcxjerers ACF CompelStlon prize Lord Mayor's Appeal Woolmen's Co- City ol London Sh8$p"Drive Maslerfs Charity Royal British Legion St P8uI's Cathedral Royal Navy- HMS Portland Royal Air Force- 14 Squadron Sl Paul's Cathed$r* Foundatton Rem&mbgr Me Sheriffs Ball PTIZè Yolk Minslef Fund Center of Excellence Sl Paul's Calhederal . Girfs, Voices Weslminsler Abbey Ironbridge Llvery Schools Link Weald & Downham Museum Well$ Stone Carving Competion Portland Soulplure and Quarry Trust Dlocese of London Sallsbury Cathedral- Re80rgtson ol North Cloi51er$ 2,000 300 1.000 520 750 500 2.000 300 1,000 750 500 150 150 150 150 1.000 1,000 1,000 5.000 5.000 2,SOO 8,947 125 40 10.000 125 104 1,500 5,551 1.045 1,000 23,099 31.058 Thls page doe$ not form part of tho statutory financial stalernenlg 11
Th• Masons Company Charltsblè Trust Dètalled Statement of Flnan¢lal Actlvltlos for the year ended 318t March 2025 202S 2024 Brought Forward 23,099 31,058 Ch4rltabl• actlvltles Sheriff8 Ball Prixe P88sage 2000 Isth Coy Annu81 Camp Jtssaphlne Cros$land- Plaque 81ist Hlll Building Crafts College Schtsctls Outreach Days Canterbury Cathedral Sallsbury Cathedral Exe19r CaU)edraJ 1,500 1,943 1,804 1,500 3,000 2,5CX) 1.5CKJ 1,500 1.500 Othèr resources exp*nded Admlnlslrab'on Adminlstralion Bank chorges Total fg$ourcos expended 31,599 39,305 8,5S4 60 40.213 8,689 65 48,059 N&1 Income 14,575 This page dogs not form part of the slalutory financial statements 12