ROYAL MASONIC TRUST FOR GIRLS AND BOYS
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Charlty Number: 285836

ROYAL MASONIC TRUST FOR GIRLS AND BOYS
Contents
Page
Trustee's Annual Report
Statement of Trustee's Responsibilities
Auditorfs Report
statement of Financial Actlvlties
12
Balance Sheet
13
Notes to the Financial Statements
14
Page2of 15

ROYAL MASONIC TRUST FOR GIRLS AND BOYS
TRUSTEE'S ANNUAL REPORT
The trustee is pleased to submit its r8POrt for the year ended 31st March 2024.
Reference and Administrative Infonnation
Name and Registered Offlce
The name of the charity is the Royal Masonic Trust for Girls and Boys (the 'Ch8ritl') and it has its
registered office at 60 Great Queen Street, London. WC2B 5AZ.
Trusta•s
The trustee who served durfng the whole of the year was..
The Masonic Charitable Foundalion {'MCF ) (Corporate Trustee, Registered Charlty No.
1164703, Company Number 09751836)
The trustees of the MCF who SeTr￿d during the yearwere:
John Boyinglon, CBE (Resigned 31•t July 2023)
Sinead Brophy (Resigned 31 Sl July 2023)
Simon D'O. Duckworth, OBE, DL (Resigned 3111 July 2023)
Clive Emerson (Appointed TreaSu￿r 111 August 2023)
Dr Simon Fellerman
Edward Goodchild (Appointed 1" August 2023)
Alan P. Graham, MBE
Antony D.G. Harvey (Resigned 3111 July 2023)
Christopher Head
Michael R. Heenan {Treasurer) (Resigned 3181 July 2023)
James M. Long, TD {President) (Appoint8d Chairman 181 January 2024)
Charlotte Miller (Appointed co-optee 1 $1 August 2023)
Stephen Robinson
Marie Shenlon (Appointed 111 August 2022)
David Southem
Bruce G. Walker
Andrew G. Wauchop8 (Resigned 3161 July 2023)
Sir Paul Williams, OBE, KStJ, DL (Deputy President and Chairman lo 31￿ December 2023)
Howard G. Wilson
Page 3of15

ROYAL MASONIC TRUST FOR GIRLS AND BOYS
TRUSTEES ANNUAL REPORT
Executive
Th8 Executive during the year to 3151 March 2024 were..
Les Hutchin50n, Chief Executive
Chades Angus. Group Finance Director
Brenda Nurse. Company Secretary
Auditor
Knox Cropper LLP. Chartered Accountants, 65 Leadenhall Street, London. EC3A 2AD
Bankers
Barclays Bank Plc. Level 28, 1 Churchill Place, Canary Wharf, London, E14 5HP
Natlonal Westmlnster Bank Plc, Bloomsbury Parr's Branch, 214 Hlgh Holbom, London. WC1V 7BX
Sollcltorn
Ston8 King LLP, Boundary House, 91 Charterhouse Stwt, London, EC1M 6HR
Page4of15

ROYAL MASONIC TRUST FOR GIRLS AND BOYS
TRUSTEES ANNUAL REPORT
Structure, Governance and Management
Organlsatlon
Tha Charity was established by trust deed on 8th September 1982 by the trustees of the Royal Masonlc
Inslitulion for Girls and the Royal Masonic Institution for Boys. At a meeting held on 18th February 2016,
the trustees approved a deed of amendment and reinstatement and an arnended trust deed altering the
nstilutional and govemance arrangements ofthe charity to reflect changes in trustèes and membership
with effect from 1 $1 April 2016.
The assets and liabilities from the Charily were transferred to a subsidiary wmpany of the sarne name
(charity number 1170336 and company nurnber 01705033: hereafter the'RMTGB Companl,) wilh eff8Ct
from 1" February 2017 following a resolution from the trustee8 made on 15 December 2016. From Ihat
point, the Charity has ceased its charitable activitl8s and exists solely to receive income from donations
and legacies that are passed onto the RMTGB Company.
As the sole trustee, the MCF exercises control over the Charity, and will consolidate the Charity's results
In its group accounts. Details of the processes for the appointment, induction and training of the MCF'S
trustees are given in the annual report and accounts of that company.
Governance and Managem•nt
All govemance and management capabilities are provid6d by the MCF end details of the relevant
committees and processes are provid8d in tha annual report and accounts of that company. Trustees
and committees of the MCF address the specific needs of ihe Charity as part of their roles and
responsibilitie8 for th8 MCF. The trust88 board and the main committee5 meet as follows..
Boardlcommlttoo
Purpo80
Moetlng•
er
Trustee Board
Main decision-making body with ultimate responsibllity for the
Charit
Identification and miti
ation of risk. oversi
ht of external audit
Consideration of applications for grants from organisations
reco
nised b the Chari
Commission
Ensuring adequate Pro￿dureS are in place to manage all aspects
of financial lannin
controllin
and re
ortin
Supporting the masonic community's fund raising activlties to
su
ort the Chari
Maintaining investment stral8gi8S to maet the requirements of the
Charit
ointment and monitorin
of fund mana
ers
Consideration of applications from individuals connected with the
masonic communil for financial relief
Development ané execution of strategi8S to oplirnise the returns
from the Cha
ortfolio
Delermlnation of executive and slaff
& benefits
Development and implementation of strategies to support the
Charity's objectives. In addition, the trustees hold an annual
strat8
ic 'awa da
Audit and Risk
Charity Grants
Flnance
Fundraising
Investments
Ma60nic Support
Property (RMTGB
onl
Remuneration
Strategy
Page sof 15

ROYAL MASONIC TRUST FOR GIRLS AND BOYS
TRUSTEE'S ANNUAL REPORT
Governance and Managoment (continuod)
The Charity does not employ any staff, with services being provlded by staff employed by the MCF.
Objectives and Activities
Objects
The objects of the Charity shall be for the relief of povety and the advanc8m8nt of education by..
the a5sislanc8 of such chlldren (including adopted children. step-children and children of the farnilyl
of any age of Freemasons under the United Grand Lodge of Ancient Free and Accepted Masons
of England as the trustees consider from tim8 to tim8 are in n88d of assistance.
if and to the extent to which the resources of th8 Charity ar8 not US8d for the foregoing purpose,
assisting any child or children of any age whether or not the child or children of a Freemason.
These objects are now served by the RMTGB Company.
In planning the Charity's objectives for the year, th8 trust88 has had regard to the guidance on public
benefit issued by the Charity Commission.
Flnanclal Revlew
Revlew of the Year
Income of £0.90 M (2023.. £0.37 Ml was received during the year from festlvals and18gacles. £.0.90 M
was transf8rr8d to the RMTGB Company leaving £ nil in the bank account at the year end.
Reserves Pollcy
Following the transfer of accumulated reserves to the RMTGB Company in Febwary 2017, the Charity
ceased its charitable activiti8s. The policy is to transfer any ongoing residual income from donations and
legacies directly to the RMTGB Company immediately following receipt.
Page6of15

ROYAL MASONIC TRUST FOR GIRLS AND BOYS
TRUSTEE'S ANNUAL REPORT
Principal Risks and Mitigation
The principal risks identified and agreed actions to mitigate are shown in the following tabl8-
Risk
Signfficant unexpected
financial loss from
operations
Conso
uen¢e
Reputational damage, loss of
confidence with key slakeholders
and impact upon Gontinuing
financial suslainabilit
Poor service lo beneflciaries and
reputational damage. Withdrawal
ofke
services from su
liers
Impacts financial sustainability
and reputational damage with
donors
Mltl ation
Strong financial procedures.
particularly budgetary planning and
control. Oversight from the Finance
Committ88.
Cash flow foro¢asting and liquidity
planning within the Investment
strate
Appointment of Asset Risk
Consultants as expert investment
advlsors, providing monthly
performance reporting and
analysis. Oversight from
investment and prop8rty
committees.
Strong procedures and controls for
processing grants. Oversight from
Masonic Support and Charity
Grants committ8es
United Grand Lodge of England
( UGLE") and IT network provlders
have strong Security procedures in
place covering a¢¢esB, protection.
backups and disaster recovery
facilitles. M8ndatory cybersecurity
trainin
in
lace for 811 staff
Data protection policy. IT security
and HR olicies in
lace
Financial procedures, segregation
of duties, authority limits, IT
security, Increased awareness
amon
st staff
UGLE Business Continuity Plan
Inadequate liquidity to
meet financial
commitments
Significant long-témi loss
in the value of the
inv8Stment portfollo
Grants made outside the
Charily's Objects and
operating guidelines
Reputational damage. loss of
confidence wlth key stakeholders
and potential Iwstee liability
Cyberatteck on IT systems
All k8y operatlons are
compromised
Data protection breach
Reputatlonel damage and
nificant financial
enalti88
Financial loss. reputational
damage, adverse impact upon
staff
Fraud
Unavailability of offlce
accommodation
Loss of paper r￿ordS
from firelflooding
Operations compromised
Breach of legal obligations,
adverse impact upon operations,
tential financial
en811ies
Breach of legal obligations,
pot8ntial financial penalties,
breakdown of staff morale and
adverse impact upon service
rovision
Operational breakdown. adverse
Impact upon staff morale, poor
semce to beneficiaries and
tential re
utational dama
R8duced ￿lianCe on paper records
with increased use of IT.
Lack of compliance wSth
8mployment legislation
HR procedures and staff
handbook. Induction processes for
new staff. Ongoing management
training and Personal Development
Review
HR procedur8s.' organisational arKI
succession planning.
Comprehensive documentation of
roCedU￿5 and controls
Undue reliance on key
persons
Risks are actively monitored by the Ex8cuts've and the senior leadership team, and formally reviewed by
the audit and risk committee at Iheir biannual meetings.
Pag8 7of15

ROYAL MASONIC TRUST FOR GIRLS AND BOYS
STATEMENT OF TRUSTEE'S RESPONSIBILITIES
Statement of Responsibilities
The truslee is responsible for prep8ring the trustee's report and financial statements in accordance with
applicable law and United Kingdom Accounting Standards {U.K. °GAAP').
The law applicable to charities in England and Wales. the Charilles Act 2011, the Charity (Accounts and
Reports) Regulats'ons 2008 and the provisions of the trust deed require the trusteè to prapare financial
statements for each finanGial year which give a twe and fair view of the state of affairs of the Charfty and
of the income and expenditure of the Charity for that year.
In preparing these flnanclal statements, the trustee is required to..
select suitable accounting pollcies and then apply them consistently.,
observe the methods and principles in Accounting and Reporting by Charlties.. Statement of
Recommended Practice applicable to charities preparing their financial Statements in accordance
with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland
(FRS102)',
make judgements and estimales that are ￿aSonabl8 and prudent;
state whether United Kingdom accountlng standard8 have been followed, subject to any material
departures disclosed and explained in the financial stalemenls., and
prepare the financial statements on the going concem basis unless it is inappropriate to presume
that the charity will continue lo operate.
The tru8lee Is responsible for keeping adequate accounting records that disclose with reasonable
accuracy at any time the financial posltion of the Charity and enable il to ensure that th8 financial
statements comply with the Charities Act 2011, the Charity {Accounts and Reports) Regulations 2008
and the provisions of the Irusl d88d. It is also responsible for safeguarding the assets of the Charity and
for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Audltor
A resolution proposing that Knox Cropper LLP be re8ppoint8d as auditor will be put to the members.
Approval by Trustee
This r
ort, was approved by the trustee on 12th September 2024 and signed on their behalf by
. Long. T
President and Chairman, MCF
Page8of 15

ROYAL MASONIC TRUST FOR GIRLS AND BOYS
REPORT OF THE INDEPENDENT AUDITOR TO THE TRUSTEE OF THE
ROYAL MASONIC TRUST FOR GIRLS AND BOYS
We have audited the financial statements of the Royal Masonic Trust for Girls and Boys (the 'Charit￿)
for the year erKled 31 March 2024 which comprise the Ststement of Financial Activities, the Balance
Sheet, statement of Cash Flows and notes to th8 financial statements, including a summary of
significant accounting policies. The financial reporting framework that has b88n applied in Iheir
preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting
Standard 102 The Financial Reporting Standard applicable in the UK and Republic ol Ireland (United
Kingdom Génerally Accepted Accounting Practice).
In our opinion the financial statements=
giv8 a true and fair view of the state of the Charitys affalrs as al 31 March 2024 and of its incomlng
resources and application of resources for the year then ended:
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
PractlC8', and
have been prepared in accordance with the Charities Act 2011.
Ba815 of oplnlon
We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities for the audil of the financial stslements section of our report. We arg independent of the
charity in accordance with the ethical r6quirem8nts that are relevant lo our audit of the financial
statements in the UK, including the FRC'S Ethical Standard, and we hav8 fulfllled our other ethical
responsibiliti8s In accordance with these requirements. We b81ieve that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
ConcluJlon8 rolatlng to golng concorn
In auditing the financial statements, W6 have Goncluded that the trustee's use of the going concem basis
of accounling in the preparation of the financial statement8 is appropriate.
Based on the work we h8ve performed, wa have not identified any material uncertainties relating to
events or conditions that, individually or collectlv8ly, may cast significant doubt on the charity's ability to
Continue as a going concern for a period of at least ￿e1ve months from when the financial slalements
are authorised for issue.
Our responsibilities and the responsibilities of the trustee with respect to going concern are described in
the relevant sections of this r8POrt.
Othor Inforniation
The other information comprises the information included In the annual report, other Ihan the financial
stalements and our auditor's report thereon. The trustee 18 responsible for the other information.
Page 9 of 15

ROYAL MASONIC TRUST FOR GIRLS AND BOYS
REPORT OF THE INDEPENDENT AUDITOR TO THE TRUSTEE OF THE
ROYAL MASONIC TRUST FOR GIRLS AND BOYS
Our opinion on the financial slatements does not Cover th8 Oth8r infomiation and we do not express any
form of assurance Conclusion Ihereon.
Our responsibility is to read the other infomialion and, in doing so. consid8r whether the other information
is materially inconsistent with the financial statements or our knowledge obtained in the audit or othefwise
app8ars to be materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to determine whether there is a material misstatem8nl in the financial
statèments themselves. If, based on the work we have perfomied. we conclude that there is a material
misstatement of this other information. we are required to report that fact.
We have nothing to report in this regard.
Mattorn on whlch w• are requlrod to rnport by axceptlon
We have nothing to repjrt in respect of the following matters in reletion to which the Charities (Accounts
and Reports) Regulations 2008 require us to report to you if, in our opinion..
the Informatlon glven in the financial statements is inconsistent In any material resp8Ct with the
trustee's report,. or
suffici8nt accounting records have not been kept" or
the financial statements are nol in agreement with the accounting records., or
we have nol received all the infomiation and explanations we require for our audit.
Rospon8lbllltlo8 of Tru8t
As explained mor8 fully in the Trustee's Responsibilities Sietement set out on page 8, the trustee is
responsible for the preparation of the financial statements and for b8ing satisfied that they give 8 true
and fair view, and for such intemal control as the trustee detemines is n8cessary lo enable the
preparation of financial statements that are free from material misstatement, whether due to fraud or
error.
In preparing th8 financial statements, the trustee is responsible for assassing the Charity's ability to
continue as a golng concern, disclosing, as appllcabl8, matters related lo going concern and using the
going concern basis of accounting unless th8 trus188 either intends to liquidate the company or to cease
operations, or has no realistic alternative but to do so.
Aud5tor'$ re8ponslbllltl•8 for the audlt of the flnanclal statements
We have been appolnted as auditor under section 144 of tha Charlties Act 2011 and report in accordance
with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the finanGial statements as a wtK)le
are free from material misstatemenl, whether du8 to fraud or error. and to issue an auditorfs report that
includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an
audit conducteé in a¢cordan¢e wllh ISAS (UK} will always detect a material misstatement when it exists.
Misstatements can arise from fraud or e￿Or and are con5idared material if, individually or in the
aggregat8, they could reasonably be expected to influence the econornic decisions of users taken on the
basis of these financial statements.
Page 10of 15

ROYAL MASONIC TRUST FOR GIRLS AND BOYS
REPORT OF THE INDEPENDENT AUDITOR TO THE TRUSTEE OF THE
ROYAL MASONIC TRUST FOR GIRLS AND BOYS
Irregularities. including fraud. are instances of non-complianc8 With laws and regulations. We design
procedures in line with our responsibilities, outlined above. to detect material misstatements in respect
of irregularities, including fraud. The extent to which our wocedures are capable of detecting
irregularities, including fraud is detai18d below..
The Charity is required to comply with charity law and. based on our knowledge of its activities.
we identified that the legal requirement to accurately account for any restricted funds was of key
significance.
We gained an understandlng of how the charity complled with its legal and regulatory framework.
including the requirement to properly account for any restricted funds, through discussions with
management and a revlew of the documented policles, procedures and controls.
The audit team, which is experienced in tha audit of Charities, considered the charity's
susceptibility to material misstatem8nt and how fraud may occur. Our considerations included the
risk of managament override.
Our approach was to check that all restricted income was properly identified and separately
accounted for and lo ensure Ihat only valid and appropriate expenditure was charged to restricted
funds. This included reviewing joumal adjustments and unusual transactions.
ri
A further descrlption of our rasponsibilities for the audit of the financi81 statements is located on the
Financial Reporting Council's website at.. www.fr
a ditors￿$
onsibilities. This descriplion foms
part of our auditor's report.
U8• of the audlt roport
Thi5 report is made solely to the Charitys trustee, as a body, in accordance wlth Part 4 of the Charitl8S
(Accounts and Reports) Regulations 2008. Our audit work has been und8rtaken, so that we might stste
to the Charity's trustee those matt8rs we ara requlred to state to them in an auditor's report and for no
other purpose. To the fu1185t extent pemiitled by law, we do not accept or assume responsibility to
anyone other than the Charity and the Charity's trust8e as a body, for our audit work, for this report or
for the opinions hav8 fomed.
C4wr LLP
Knox Cropper LLP
Statutory Auditor
65 Leadenhall Street
London EC3A 2AD
Sefknber 2￿¥
Knox Cropper LLP is eligible for appointment as auditor of th8 charity by virtue of its eligibility for
appointment as auditor of a company under section 1212 of the Companies Act 2006.
Page 11 of15

ROYAL MASONIC TRUST FOR GIRLS AND BOYS
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2024
Nota
2024
£000
2023
£000
INCOME
Donations and legaci8s
373
Total Incomo
901
373
Trensfer out to Incorporated Charity
NET MOVEMENT IN FUNDS
(901)
1373)
Total funds brought forward
Total funds carrlad forward
All incorne and expenditure derive from contlnulng aCtI￿tieS and all gainsllosses are included
In the statement of financial activities
The notes on pag8s 14 to 15 fomi part of these financial statement5
Page 12of 15

ROYAL MASONIC TRUST FOR GIRLS AND BOYS
BALANCE SHEET as at 31 MARCH 2024
March 2024
£'ooo
March 2023
£'ooo
CURRENT ASSETS
Cash at bank and in hand
Total net assets
CHARITABLE FUNDS
Unrostrictsd fund8
General reserv88
Total charllable lund8
The financial statements were approved and authori8ed for issue by the Trustee Board on 14th
September 2024 and signed on th8ir behalf by:
es
Long, T
Cliv8 Emerson
Presldent and Chaimian
Treasurer
The notes on pages 14 to 15 fomi part of these financial statements
Pag8 13of 15

ROYAL MASONIC TRUST FOR GIRLS AND BOYS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES
(a) Statemant of complianco
The financial statements of the Royal Masonlc Trust for Glrls and Boys (the 'Charit￿l have been
prepared in accordance with applicable UK accounting standards, including Financial R8POrting
Standard 102 "The Financi81 Reporting Standard applicable In the United Kingdom and the
Republic of Ireland" ("FRS 102.1. Additionally, they comply wilh the Statement of Recommended
Practice 'Accounting and Reporting by Charities" {FRS 102 second edition) published in 2019 (the
"SORP.) in all material respects. The Charity meets the definition of a public benefit entity under
FRS 102.
{b> Ba818 of proparatlon
Th8 financial Statements have been prepared on a going concem basis under th8 historical cost
convention, on a basis consistent with pr8vious years. The functional currency of the Charity is
considered to be Pounds Sterling because that is the currency of the primary economlc
environment in which th8 Charity operates.
The Charity ceased trading following transfer of its assets and liabilities to the RMTGB Company
on 101 February 2017. All assets and liabilities were transferred at book value.
(c) Golng concorn
Th8 trust88 has assessed whether the usa of the going concern assumption 18 appropriate in
preparing ihese financial statements. The trustee has made this assessment In respect to a perfod
of one year from the dale of approval of these financial slat8ment8.
The trustee of the Charily has concluded that th8re are no material uncertainties ￿lated to evenls
or conditions that may cast significant doubt on the ability of th8 Charity to continue as a going
con¢em. The trustee is of lh8 opinion that the Charity will have sufficient resources to meet its
liabilities as they fall due.
{d) Rosourco8 •xponded
Liabilities are recognised as expenditur8 as soon as there is a legal or con5truthve obligation
committing the Charity to that expenditu￿, it is probable that settlement will be required and the
amount of any obligatlon can be measured reliably. All resources expended are racognised on an
accruals basis, with the exception of grants as noted below.
(e} Fund accountlng
Unrestricled funds may be utilised for any purpose in accordance wilh the charitable objectives of
the Charity.
Page 14of15

ROYAL MASONIC TRUST FOR GIRLS AND BOYS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
(f> Flnanclal assets and liabilitios
The Charity has chosen to adopt Sections 11 and 12 of FRS 102 in respectoffinancial instruments.
Financial assets and liabilities ar8 re¢ognised when the Charity becomes a party lo th8 conlraclual
provisions of the instrument.
Financial assets and liabilities which qualify as basic financial instruments are initially recognised
at the sett18menl amount after any trad8 discounts. They are subsequently valued at amortised
cost and assessed for impairment at the end of each reporting period. Where settlement is not
expected within 12 months of the balance sh88t dale, then the asset or liability is discounted using
the long lem) return of inflation plus 4 perGenl used as the targel for the Charitys investment
portfolio. Basic financial instruments include debtors. cash and ¢r8ditors within the balance she8t.
(g) Taxatlon
The Charity is exempl from taxation on its income and gains falling within Part 11 of the Corporatlon
Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that they
are applied to its charitable 8Ctivitl8s. The Charity is unable to recover Valued Added Tax {VATI
incurred on expenditure. The amount of VAT that cannot be recovered is included within the
underlying cost to which it relates.
DONATIONS AND LEGACIES
2024
£'ooo
2023
£'ooo
F8Stivals
Legacies
66
835
109
264
901
373
RELATED PARTY TRANSACTIONS
During the period donations and legacies totalling £0.90 M received by the Charity were passed on
to the RMTGB Company.
The MCF has bome all the administrative costs of supporting the Charity, as w811 as ils fellow
subsidiaries.
ULTIMATE CONTROLLING PARTY
Th8 ullimate controlling party is the Masonic Charitable Foundation (Reglstered Charity No.
1164703, Company Number 097518361. Consolidated accounts for th6 MCF, which include the
accounts of the Charity. can be obtained frorn the registered Offi￿ of the Charily.
Page 15of 15