| Trustees | J.D.Watts (Chairman) | J.D.Watts (Chairman) | (Appointed | 11 June 2022) | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| S.A. Willis (Treasurer) | ||||||||||
| T. F. Gittins (Secretary) | ||||||||||
| Durham Benevolence |
Limited | |||||||||
| D. Maw (Vice Chairman) | (Appointed | 11 March 2023) | ||||||||
| D. Maw is | also | a member of | the Community | and Support Grants sub-committee | ||||||
| The following | are also members ofthe General Purposes Committee: | |||||||||
| G. Elgie (Assistant Secretary) | ||||||||||
| P. B.Debenham | (Provincial | Grand | Almoner) | |||||||
| M.AThompson | (Provincial | Grand | Charity Steward) | |||||||
| Members | K. Williams ' | |||||||||
| D. Dorward * | ||||||||||
| S.Bell | ||||||||||
| S.Hunter * | ||||||||||
| P.Ross' | ||||||||||
| C.Katsambis = |
||||||||||
| I. K.Carter" | ||||||||||
| M. Rankin | ||||||||||
| R. Donmall | ||||||||||
| M. Device | ||||||||||
| *Members | of | Estates sub-committee | ||||||||
| = Members "Members |
of of |
the Education the Community |
and Scholarship sub-committee Support Grants sub-committee |
|||||||
| Charity number |
279313 | |||||||||
| Principal | address | 8The Esplanade | ||||||||
| Sunderland | ||||||||||
| Tyne 6Wear | ||||||||||
| SR2 7BH | ||||||||||
| Auditor | Allen Sykes Limited | |||||||||
| 5 Henson Close | ||||||||||
| South Church Enterprise | Park | |||||||||
| Bishop Auckland | ||||||||||
| Co Durham | ||||||||||
| DL14 6WA | ||||||||||
| Solicitors | Peter Ross and | Co | ||||||||
| 2 Front Street | ||||||||||
| Jasmine Villas | ||||||||||
| Whickham | ||||||||||
| Newcastle upon |
Tyne | |||||||||
| NE16 4JH |
| Bankers | National Westminster |
National Westminster |
National Westminster |
Bank Pic | ||
|---|---|---|---|---|---|---|
| 52 Fawcett | Street | |||||
| Sunderland | ||||||
| SR1 1SB | ||||||
| Virgin Money | ||||||
| 43Fawcett | Street | |||||
| Sunderland | ||||||
| SR1 1SA | ||||||
| Lloyds Bank | Pic | |||||
| 54 Fawcett | Street | |||||
| Sunderland | ||||||
| SR1 1SF | ||||||
| Stockbrokers | Rathbones | |||||
| 50George | Square | |||||
| Glasgow | ||||||
| G2 1EH | ||||||
| Brewin Dolphin |
||||||
| 12 Smithfield | Street | |||||
| London | ||||||
| EC1A9LA | ||||||
| Housing | Management | Nest Egg Homes | ||||
| 49 Mandale | Road | |||||
| Stockton-on-Tees | ||||||
| Thornaby | ||||||
| Cleveland | ||||||
| TS176AD | ||||||
| Sheltered | Housing | Developments | Peter Stracey House | |||
| Ebdon Lane | ||||||
| Sunderland | ||||||
| SR69AF | ||||||
| Boundary | Court | |||||
| Kingsway | ||||||
| Bishop Auckland | ||||||
| DL147JE |
| Page | |||
|---|---|---|---|
| Chairman's | Report | 1-2 | |
| Trustees' | report | 3-6 | |
| Independent auditor's |
report | 7-10 | |
| Statement | offinancial | activities | 11 - 12 |
| Statement | offinancial | position | 13 |
| Notes to the financial | statements | 14-26 |
| Current financial year | Current financial year | Current financial year | ||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||||
| funds | funds | funds | ||||||
| Notes | 2022 6 |
2022 | 2022 6 |
2022f | 2021 | |||
| m n n |
||||||||
| Donations and legacies |
3 | 56,822 | 28,438 | 85,260 | 834,376 | |||
| Charitable activities |
4 | 11,755 | 11,755 | 3,180 | ||||
| Investments | 5 | 347,748 | 347,748 | 354,724 | ||||
| Boundary Court/Peter |
Stracey House | |||||||
| Repair Funds | 4,190 | |||||||
| Other income | 256 | 256 | ||||||
| Total income | 416,581 | 28,438 | 445,019 | 1,196,470 | ||||
| ~~ni ure on: | ||||||||
| Raising funds | 7 | 178,492 | 178,492 | 196,846 | ||||
| Charitable activities |
8 | 275,591 | 3,000 | 278,591 | 193,767 | |||
| Boundary Court/Peter Repair Funds |
Stracey House | 33,147 | 33,147 | 16,188 | ||||
| Other | 14 | 2,581 | 2,581 | |||||
| Total expenditure | 456,664 | 36,147 | 492,811 | 406,801 | ||||
| Net gains/(losses) | on | investments | 15 | (91,903) | (91,903) | (382,623) | ||
| Net movement in |
funds | (131,986) | (7,709) | (139,695) | 407,046 | |||
| Net movement in |
funds | (131,986) | (7,709) | (139,695) | 407,046 | |||
| Fund balances at 1 January 2022 | 9,105,350 | 191,517 | 16,980 | 9,313,847 | 8,906,801 | |||
| Fund balances at | 31 | December 2022 | 8,973,364 | 183,808 | 16,980 | 9,174,152 | 9,313,847 |
| Prior financial | year | year | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | |||||||
| funds | funds | funds | ||||||||
| 2021 | 2021 | 2021 | 2021 | |||||||
| Notes | 6 | 6 | 6 | 6 | ||||||
| I m n |
n | wmn | frm. | |||||||
| Donations and |
legacies | 834,376 | 834,376 | |||||||
| Charitable activities |
3,180 | 3,180 | ||||||||
| Investments | 354,724 | 354,724 | ||||||||
| Boundary Court/Peter |
Stracey House Repair | |||||||||
| Funds | 4,190 | 4,190 | ||||||||
| Total income | 1,192,280 | 4,190 | 1,196,470 | |||||||
| ~ddt | ||||||||||
| Raising funds | 7 | 195,598 | 1,248 | 196,846 | ||||||
| Charitable activities |
8 | 193,767 | 193,767 | |||||||
| Boundary Court/Peter |
Stracey House Repair | |||||||||
| Funds | 16,188 | 16,188 | ||||||||
| Total expenditure | 389,365 | 17,436 | 406,801 | |||||||
| Net gains/(losses) | on | investments | 15 | (382,623) | (382,623) | |||||
| Net movement | in | funds | 420,292 | (13,246) | 407,046 | |||||
| Fund balances | at 1 January | 2021 | 8,685,058 | 204,763 | 16,980 | 8,906,801 | ||||
| Fund balances | at | 31 | December 2021 | 9,105,350 | 191,517 | 16,980 | 9,313,847 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | 6 | |||||||
| Fixed assets | ||||||||
| Investment | properties | 16 | 6,541,366 | 6,382,855 | ||||
| Investments | 17 | 1,224,030 | 1,065,280 | |||||
| 7,765,396 | 7,448,135 | |||||||
| Current assets | ||||||||
| Debtors | 18 | 101,594 | 62,843 | |||||
| Cash at bank and in | hand | 1,330,828 | 1,817,999 | |||||
| 1,432,422 | 1,880,842 | |||||||
| Creditors: | amounts | failing due within | ||||||
| one year | 19 | (23,666) | (15,130) | |||||
| Net current | assets | 1,408,756 | 1,865,712 | |||||
| Total assets less current | liabilities | 9,174,152 | 9,313,847 | |||||
| Capital funds | ||||||||
| Endowment | funds - general | 20 | 16,980 | 16,980 | ||||
| Income funds | ||||||||
| Restricted | funds | 21 | 183,808 | 191,517 | ||||
| )Iafastgt2~8 | ||||||||
| Designated | funds | 22 | 8,973,364 | 9,105,350 | ||||
| 8,973,364 | 9,105,350 | |||||||
| 9,174,152 | 9,313,847 |
| Unrestricted | Restricted | Total | Unrestricted | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| 2022 | 2022 | 2022 | 2021 | |||
| 8 | 8 | 8 | ||||
| Donations | and | gifts | 56,822 | 28,438 | 85,260 | 9,376 |
| Legacies receivable | 825,000 | |||||
| 56,822 | 28,438 | 85,260 | 834,376 | |||
| Donations | and | gifts | ||||
| Brethren &Lodges | 56,822 | 56,822 | 9,376 | |||
| TLC Donations | 28,433 | 28,433 | ||||
| Other | 5 | 5 | ||||
| 56,822 | 28,438 | 85,260 | 9,376 | |||
| Charitable | activities | |||||
| Charitable | Charitable | |||||
| Income | Income | |||||
| 2022 | 2021 | |||||
| 6 | ||||||
| Sale ofannual | reports | 3,180 | 3,180 | |||
| Masonic Break | 8,575 | |||||
| 11,755 | 3,180 |
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | 2021 | ||
| 6 | 5 | ||
| Rental income | 308,544 | 319,976 | |
| Dividends | receivable | 36,806 | 33,815 |
| Interest receivable | 2,398 | 933 | |
| 347,748 | 354,724 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | |||
| 2022 | 2021 | ||
| 8 | 8 | ||
| Other | income | 256 |
| Unrestricted | Unrestricted | Restricted | Total | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | |||||
| 2022 | 2021 | 2021 | 2021 | ||||
| F | |||||||
| v | nt | mana | erne | 178,492 | 195,598 | 1,248 | 196,846 |
| 178,492 | 195,598 | 1,248 | 196,846 |
| Charitable | Charitable | ||||
|---|---|---|---|---|---|
| Expenditure | Expenditure | ||||
| 2022 | 2021 | ||||
| 8 | 6 | ||||
| Masonic | Break | 19,288 | |||
| Audit fee | 10,410 | ||||
| Bank charges | 180 | ||||
| 19,288 | 10,590 | ||||
| Grant funding | ofactivities (see note 9) | 187,574 | 145,067 | ||
| Share of | support costs (see note 10) | 62,669 | 38,110 | ||
| Share of | governance | costs (see note 10) | 9,060 | ||
| 278,591 | 193,767 | ||||
| Analysis | by | fund | |||
| Unrestricted | funds | 275,591 | 193,767 | ||
| Restricted | funds | 3,000 | |||
| 278,591 | 193,767 |
| Charitable | Charitable | ||
|---|---|---|---|
| Expenditure | Expenditure | ||
| 2022 | 2021 | ||
| 6 | f | ||
| Grants to institutions: | |||
| Covid 19Grants | 100,947 | ||
| PGM Charitable | Giving | 10,000 | |
| Defibrilators | 1,000 | 3,000 | |
| Community Support Grants |
67,445 | 23,690 | |
| Norman Jackson | Legacy Grants | 114,809 | |
| 183,254 | 137,637 | ||
| Grants to individuals | 4,320 | 7,430 | |
| 187,574 | 145,067 |
| Support | costs | ||||||
|---|---|---|---|---|---|---|---|
| Support | Governance | 2022 | Support | Governance | 2021 | ||
| costs | costs | costs | costs | ||||
| 6 | 6 | 6 | |||||
| Other expenses | 4,478 | 4,478 | 610 | 610 | |||
| Legal and | professional | 20,691 | 20,691 | ||||
| Management charges |
|||||||
| payable | 37,500 | 37,500 | 37,500 | 37,500 | |||
| Audit and | accountancy | 7,290 | 7,290 | ||||
| Trustees' | meeting | ||||||
| expenses | 1,770 | 1,770 | |||||
| 62,669 | 9,060 | 71,729 | 38,110 | 38,110 | |||
| Analysed | between | ||||||
| Charitable | activities | 62,669 | 9,060 | 71,729 | 38,110 | 38,110 |
| 2022 | 2021 |
|---|---|
| 6 | 8 |
| 7,200 | 10,260 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | |||
| 5 | |||
| 2022 | 2021 | ||
| Other | expenditure | 2,581 |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2022 | 2021 | ||||
| 6 | |||||
| Revaluation | of | investments | (88,014) | 70,436 | |
| Revaluation | of | investment | properties | (3,889) | (453,059) |
| (91,903) | (382,623) |
| 2022 | ||||
|---|---|---|---|---|
| 8 | ||||
| Fair value | ||||
| At 1 January 2022 | 6,382,855 | |||
| Additions | through | external | acquisition | 162,400 |
| Net gains | or losses through | fair value adjustments | (3,889) | |
| At 31 December 2022 | 6,541,366 |
| 2022 | 2021 |
|---|---|
| 8 | 8 |
| 6,541,366 | 6,382,855 |
| Fixed asset investments | ||
|---|---|---|
| Listed | ||
| investmentsf | ||
| Cost or valuation | ||
| At 1 January 2022 | 1,065,280 | |
| Additions | 286,563 | |
| Valuation changes |
(88,014) | |
| Disposals | (39,799) | |
| At 31 December 2022 | 1,224,030 | |
| Carrying amount |
||
| At 31 December 2022 | 1,224,030 | |
| At 31 December 2021 | 1,065,280 | |
| 2022 | 2021 | |
| 8 | 8 | |
| Investments at fair value comprise: |
||
| Equity Shares | 785,324 | 721,837 |
| Investment Trusts & Unit Trusts |
190,211 | 145,038 |
| UK Fixed Interest | 98,432 | 177,435 |
| Cash | 150,063 | 20,970 |
| 1,224,030 | 1,065,280 |
| Debtors | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Amounts falling due |
within one year: | E | ||
| Other debtors | 86,145 | 62,704 | ||
| Prepayments | and accrued income | 15,449 | 139 | |
| 101,594 | 62,843 | |||
| Creditors: amounts | falling due within one year | |||
| 2022 | 2021 | |||
| E | K | |||
| Trade creditors | 6,956 | 2,610 | ||
| Other creditors | 8,220 | 970 | ||
| Accruals and | deferred | income | 8,490 | 11,550 |
| 23,666 | 15,130 |
| Movement | Movement | |||||||
|---|---|---|---|---|---|---|---|---|
| in funds | in funds | |||||||
| Balance at | Incoming | Balance at | Incoming | Balance at | ||||
| 1January | 2021 | resources1 | January 2022 | resources | 21 December | |||
| 2022 | ||||||||
| E | ||||||||
| Permanent | endowments | |||||||
| Ernest Dixon | Scholarship | Fund | 16,980 | 16,980 | 16,980 | |||
| 16,980 | 16,980 | 16,980 |
| Movement | in funds | Movement | in funds | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Resources | Balance at | Incoming | Resources | Balance at | |||
| 1 January | 2021 | resources | expended1 | January | 2022 | resources | expended | 31 December | |
| 2022 | |||||||||
| 6 | 6 | 6 | F | 6 | |||||
| Ernest Dixon | |||||||||
| Scholarship | |||||||||
| Fund | 3,919 | 3,919 | 3,919 | ||||||
| Durham | |||||||||
| Masonic | |||||||||
| Education | |||||||||
| Fund | 27,648 | 27,648 | (3,000) | 24,648 | |||||
| Durham | |||||||||
| Masonic | |||||||||
| Scholarship | |||||||||
| Fund | 1 | 3,664 | 13,664 | 13,664 | |||||
| Repair | |||||||||
| Contribution | |||||||||
| Fund | 98,906 | (1,248) | 97,658 | 97,658 | |||||
| Durham | |||||||||
| Relief Chest | |||||||||
| Fund | 1,672 | 1,672 | 1,672 | ||||||
| Search and | |||||||||
| Rescue | 265 | 265 | 265 | ||||||
| PSH Repair | |||||||||
| Fund | 11,289 | (16,188) | (4,899) | (18,023) | (22,922) | ||||
| BCRepair | |||||||||
| Fund | 47,400 | 4,190 | 51,590 | (15,124) | 36,466 | ||||
| TLC | |||||||||
| Donations | 28,438 | 28,438 | |||||||
| 204,763 | 4,190 | (17,436) | 191,517 | 28,438 | (36,147) | 183,808 |
| 24 | Capital commitments | 2022 | 2021 | ||
|---|---|---|---|---|---|
| 5 | 5 | ||||
| At 31 December 2022 | the charity had capital commitments | as follows: | |||
| Contracted for but not |
provided in the financial statements: |
||||
| Acquisition of property, |
plant and equipment | 54,251 |