REGISTERED CHARITY NUMBER: 289866
## REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 FOR
## PROVINCIAL GRAND LODGE OF WEST KENT CHARITY FUND
BizNav Chartered Accountants
5 North Court Armstrong Road Maidstone Kent ME15 6JZ
PROVINCIAL GRAND LODGE OF WEST KENT CHARITY FUND
CONTENTS OF THE FINANCIAL STATEMENTS For The Year Ended 31 October 2025
||Page|
|---|---|
|Report of the Trustees|1 to 3|
|Independent Examiner's Report|4|
|Statement of Financial Actvites|5|
|Balance Sheet|6|
|Notes to the Financial Statements|7 to 10|
PROVINCIAL GRAND LODGE OF WEST KENT CHARITY FUND
## REPORT OF THE TRUSTEES For The Year Ended 31 October 2025
The Trustees present their report with the financial statements of the Charity for the year ended 31 October 2025.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 289866
Principal address Oakley House Bromley Common Bromley Kent BR2 8HA
Trustees M S Vos Trustee R C Grove Trustee P B Woodman Trustee A P L Fermor Trustee P Sawyer Ex Officio – Provincial Grand TreasurerGrand Treasurer
Independent examiner BizNav Chartered Accountants 5 North Court Armstrong Road Maidstone Kent ME15 6JZ
Investment Advisers Quilter Cheviot Asset Management Limited Senator House 85 Queen Victoria Street London WCV4 4AB
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The Provincial Grand Lodge of West Kent Charity Fund is constituted by Trust Deed.
## Recruitment and appointment of new Trustees
The appointment of Trustees is governed by the Trust Deed of the Charity.
## Inducton and training of new Trustees
The Board of Trustees keeps the skill requirements for the Trustee Body under review. Training expenses are provided for new Trustees together with an induction pack comprising a copy of the governing Trust Deed, a copy of last year's annual report and accounts, copies of board minutes and a copy of the Charity Commission's guidance - "The Essential Trustee"
## Organisatonal structure
The day-to-day management of the Charity is vested in the Provincial Grand Charity Committee appointed in accordance with the Trust Deed
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PROVINCIAL GRAND LODGE OF WEST KENT CHARITY FUND REPORT OF THE TRUSTEES For The Year Ended 31 October 2025
## STRUCTURE, GOVERNANCE AND MANAGEMENT
## Charity Commitee
Steve Rozier (Chair), David Stock (Secretary), Tim Perrin, Kieron Lockyer, Martin Eggleton, Eric Lewis, Ian McKinnon, Peter Hayler and Peter Sawyer (Provincial Grand Treasurer)
## Risk management
The Trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees have examined the major strategic, business and operational risks which the Charity faces and confirm that the systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
## OBJECTIVES AND ACTIVITIES
## Objectves and aims
The objectives of the Trust are to provide grants to any Masonic or other Charity and to deserving cases in the Province and the local community. The policy of the Charity Fund is to continue to raise funds necessary to enable it to meet its objectives.
## Grant making policies
The Charity Committee has power to make grants to any Masonic or other Charity and to deserving cases in the Province. The total grants to any one recipient shall not normally exceed £10,000 in any twelve months and such grants shall be approved at the next meeting of Provincial Grand Lodge.
## ACHIEVEMENT AND PERFORMANCE
## Charitable actvites
Investment income of £42,064 was received from assets managed by Quilter Cheviot and bank deposit MCF Relief Chest interest, together with £12,385 from per capita donations, honours and voluntary donations. A total of £41,618 was donated in support of worthy charities, with an additional £1,884 being incurred for governance costs.
## Investment performance
Annual portfolio performance, including income, showed a return of 12.4% against a benchmark return of 17.41%, with an annual yield of 2.86%. During the fiscal year world markets remained somewhat volatile resulting in the portfolio of assets suffering negative annual performance. Our investment strategy is medium risk with the aim to achieve capital growth, as well as significant income to meet our charitable donations. In uncertain times negative performance will occur, however our portfolio is invested for the long term. The Trustees of the Provincial Charity Fund recently met with the Fund Managers and are satisfied with their explanation and views on the future investment strategy for their Charity Fund, in which our assets are invested. Total assets under management at the end of October 2025 was £1,388,817.
## FINANCIAL REVIEW
## Reserves policy
It is the policy of the Charity to maintain funds at a level to be able to respond to appropriate applications, which arise from time to time. The Charity also aims to maintain approximately £1 million in an investment portfolio in order to provide sufficient annual income to enable it to make charitable grants to public charities and community projects and to support appeals for funds following any emergency, which may occur in the local or wider community.
## Investment policy and objectves
The investment portfolio is managed by Quilter Cheviot Investment Managers with the aim of generating sustainable income that will support donations made.
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## PROVINCIAL GRAND LODGE OF WEST KENT CHARITY FUND REPORT OF THE TRUSTEES For The Year Ended 31 October 2025
## Statement of Trustees' Responsibilites
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period. In preparing these financial statements, the Trustees are required to:
•
-
•
•
•
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The Trustees are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The annual report was approved by the Trustees of the Charity on 27th February 2026 and signed on its behalf by:
............................................................. P Sawyer – Provincial Grand Treasurer
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## INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PROVINCIAL GRAND LODGE OF WEST KENT CHARITY FUND
I report on the accounts for the year ended 31 October 2025 set out on pages five to ten.
## Respectve responsibilites of Trustees and Examiner
The Charity's Trustees are responsible for the preparation of the accounts. The Charity's Trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.
It is my responsibility to:
- examine the accounts under Section 145 of the 2011 Act
- to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
- to state whether particular matters have come to my attention.
## Basis of the independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.
## Independent examiner's statement
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that, in any material respect, the requirements
- to keep accounting records in accordance with Section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Peter O'Donnell FCA BizNav Chartered Accountants 5 North Court Armstrong Road Maidstone Kent ME15 6JZ
Date: 24[th] February 2025
Page 4
## PROVINCIAL GRAND LODGE OF WEST KENT CHARITY FUND
## STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31 October 2025
|INCOMING RESOURCES
Notes
Voluntary income
Legacies received
Donatons
Craf Honours
Per Capita Contributons
2
Investment income
Dividend Received
Deposit account interest
Other Interest Receivable
3
Total incoming resources
RESOURCES EXPENDED
Charitable actvites
Wheelchair Maintenance
Provincial Charitable Donatons
Almoners Fund Grants
Community Fund Grants
Prostate Cancer initatve
Other Donatons
Legacy donatons
Annual Masonic Donatons
Independent Examiners Fee 5
Investment Management Costs 4
Total resources expended
Net income/(expenditure) before gains / losses
Realised Gains/(Losses) on Investments
Unrealised Gains/(losses) on Investments
Net movement in Funds
Funds brought forward
Funds carried forward|31.10.25
31.10.24
£
£
-
-
2,010
492
1,293
1,684
9,082
9,360
12,385
11,536
39,713
34,352
575
769
1,776
3,081
42,064
38,202
54,449
59,151
150
80
36,140
76,344
286
390
500
-
4,355
3,772
250
-
-
38,849
-
-
41,681
119,435
1,884
1,482
-
1,417
43,565
122,334
10,884
(72,596)
118,451
201,099
-
(54,668)
129,335
73,835
1,381,245
1,307,410
1,510,580
1,381,245|
|---|---|
The notes form part of these financial statements
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PROVINCIAL GRAND LODGE OF WEST KENT CHARITY FUND
## BALANCE SHEET At 31 October 2025
|||31.10.25|
31.10.24||
|---|---|---|---|---|
||Notes|£|£||
|FIXED ASSETS|||||
|Investments|8||1,388,817|1,270,366|
|CURRENT ASSETS|||||
|Debtors|||4,732|10,864|
|Grand Charity Relief Chest|9||37,172|35,396|
|Cash at bank and in hand|||79,859|65,819|
||||121,763|112,079|
|CREDITORS|||||
|Amounts falling due within one year|10||-|1,200|
|NET CURRENT ASSETS|||121,763|110,879|
|TOTAL NET ASSET|||1,510,580|1,381,245|
||||||
|TOTAL FUNDS|11||1,510,580|1,381,245|
The financial statements were approved by the Board of Trustees on 27[th] February 2026 and were signed on its behalf by:
.............................................
R C Grove - Trustee
............................................. P B Woodman - Trustee
The notes form part of these financial statements
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PROVINCIAL GRAND LODGE OF WEST KENT CHARITY FUND
## NOTES TO THE FINANCIAL STATEMENTS For The Year Ended 31 October 2025
## 1. ACCOUNTING POLICIES
## Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
## Basis of preparaton
Provincial Grand Lodge of West Kent meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## Exempton from preparing a cash fow statement
The Charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
## Going concern
The Trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
## Incoming resources
All incoming resources are included on the Statement of Financial Activities when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## Resources Expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year-end date are noted as a commitment but not accrued as expenditure.
## Stock
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow-moving stocks. Cost is determined using the first-in, first-out (FIFO).
## Taxaton
The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
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PROVINCIAL GRAND LODGE OF WEST KENT CHARITY FUND
## NOTES TO THE FINANCIAL STATEMENTS - CONTINUED For The Year Ended 31 October 2025
## 2. VOLUNTARY INCOME
|VOLUNTARY INCOME|||
|---|---|---|
||31.10.25|31.10.24|
||£|£|
|Donatons and legacies|3,303|2,176|
|Per Capita Contributons|9,082|9,360|
||12,385|11,536|
|INVESTMENT INCOME|||
||31.10.25|31.10.24|
||£|£|
|Dividend Received|39,713|34,352|
|Deposit account interest|575|769|
|Other Interest Receivable|1,776|3,081|
||42,064|38,202|
## 3. INVESTMENT INCOME
## 4. INVESTMENT MANAGEMENT COSTS
Support costs
31.10.25 31.10.24 £ £ - 1,417
## 5. GOVERNANCE COSTS
Independent Examiner’s fee
|31.10.25|31.10.24|
|---|---|
|£|£|
|1,884|1,482|
|1,482|1,482|
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PROVINCIAL GRAND LODGE OF WEST KENT CHARITY FUND
## NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
## For The Year Ended 31 October 2025
## 6. Taxaton
The Charity is a registered charity and is therefore exempt from taxation.
## 7. TRUSTEES' REMUNERATION AND BENEFITS
There were no Trustees' remuneration or other benefits for the year ended 31 October 2025 nor for the year ended 31 October 2024.
## Trustees' expenses
There were no Trustees' expenses paid for the year ended 31 October 2025 nor for the year ended 31 October 2024.
## 8. FIXED ASSET INVESTMENTS
|FIXED ASSET INVESTMENTS||
|---|---|
||Listed|
||investments|
||£|
|MARKET VALUE||
|At 1 November 2024|1,270,366|
|Additons||
|Disposals||
|Revaluatons|118,451|
|At 31 October 2025|1,388,817|
|NET BOOK VALUE||
|At 31 October 2025|1,388,817|
|At 31 October 2024|1,270,366|
There were no investment assets outside the UK.
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PROVINCIAL GRAND LODGE OF WEST KENT CHARITY FUND
## NOTES TO THE FINANCIAL STATEMENTS - CONTINUED For The Year Ended 31 October 2025
## 9. GRAND CHARITY RELIEF CHEST
During the year, donations to the Provincial Grand Charity Relief Chest were made and expended as follows:-
|||||31.10.25|31.10.25|31.10.24|
|---|---|---|---|---|---|---|
||Opening balance||||35,396|63,815|
||Receipts:||||||
||Donaton|||||500|
||Prostate Initatve|||||-|
||Gif Aid|||||-|
||||||-|500|
||Donatons:||||||
||Provincial Charitable Donatons||||-|32,000|
||||||-|32,000|
||Interest received:||||1|3,081|
||Closing balance||||37|35,396|
|10.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||||
||||||31.10.25|31.10.24|
||||||£|£|
||Other creditors||||-|1,200|
|11.|MOVEMENT IN FUNDS||||||
||Balance|Net movement|||Balance||
||01.11.24|
in|funds||31.10.25||
||£||£||£||
||Total funds||||||
||General fund|1,381,245|129,335||1,510,580||
||TOTAL FUNDS|1,381,245|129,335||1,510,580||
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