## City and University of Cambridge Masonic Charitable Trust (Charity Registration No. 295392 ) ## **Trustees Report for the Year to December 2023** **Trustees** : Dr. R.G.H. Bethel, Dr. P. Cartwright, Mr. G.A.Jackson (Hon Secretary & Treasurer), Dr. R.A. Lewin, Mr. C.S.Lingard, Mr. T. Pearce Higgins (Chairman), Mr. J.Sherriff, Mr. J.M.Whitehead. Considering the wide range of experience and expertise available within the Province of Cambridgeshire, no special arrangements are made for either trustee training or recruitment. **Governing Document** : Trust Deed dated 16 September 1986. **Constituted as** : Charitable Trust **Objectives** : To make donations to charities, both Masonic and non-Masonic, primarily to local charitable causes. **Public Benefit** . The objectives of the City and University of Cambridge Masonic Charitable Trust include the provision of grants to both Masonic and non-Masonic bodies, primarily within the Cambridgeshire locality. The Trustees consider that these objectives were met in respect of 2023 and, considering the nature and mix of recipients of the dispositions, the trustees are able to confirm that they have complied with the duty in Section 4 of the Charities Act 2011 to meet the Public Benefit requirement as specified by the Charity Commission. **Review of Activities** . In accord with the Trust Deed, the charity’s activities over 2023 consisted of the release of grants to qualifying beneficiaries, in response to direct appeals from external parties, to initiatives from within the Province, and at the direction of the Trustees. **Disbursements:** As detailed in the notes to the accounts, some £36,250 was disbursed in respect of 2023, distributed amongst a mix of Masonic and non-Masonic beneficiaries. The awards were biased to local charities and other qualifying recipients, in line with historic policy, and spread widely whilst ensuring that any individual donation is sufficient to be of real use to the beneficiary concerned. **Funding** : The charity is reliant on an annual grant from Masonic resources within the Province of Cambridgeshire, with the expectation that this will be deployed, totally or largely, over the following year. The charity does not interface with the public at large, except in respect of grants to nonMasonic bodies, and does not seek external funding. **Investment Objectives and Policy on Reserves.** The Trustees do not retain a reserve as such, though there may be modest unspent sums at year end, depending on circumstances applicable to any specific year. In the event that renewal of the annual grant was not forthcoming, the Charity’s activities would go into abeyance, until such time as funding might be renewed. **Future Plans.** No changes are planned to existing policies, save that any larger funding would allow the size and scope of grants to be expanded. Most awards are for a single year only, though the Trustees from time to time commit to a regular grant over a period of up to five years, always with the strict understanding that the fulfilment of such grants are entirely dependent on the continuity of funding of the Charity. Given that this practise is less than satisfactory to the recipients, the Trustees may reconsider reserves policy in any year in which a time contingent commitment is made. **Thanks** : The Trustees wish to thank all those who have contributed to the functioning of the Charity over 2023 and note that, once again, beneficiaries have profited from their generosity in waving in totality all entitlement to reimbursement of expenses over the year, with the exception of a small sum for postal expenses retrospectively for 2022. Signed on Behalf of the Trustees: Mr. T. Pearce Higgins (Chairman) April 2024 ## **CITY & UNIVERSITY OF CAMBRIDGE MASONIC CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023** |**Incoming Resources**
Grant
Investment income
**Total incoming resources available for charitable application**
**Resources Expended**
Charitable Grants
Bethel Match Funding
Administration(£60.00 for 2022 retrospectively)
**Total resources expended**
**Net Incoming/Outgoing Resources for the year**
**Total funds brought forward**
**Total funds carried forward**
**BALANCE SHEET AT 31 DECEMBER 2023**
**Current Assets**
Cambridge Building Society - Community Account
**Unrestricted Funds**|**2023**
**Notes**
**£**
40,000
217
40,217
32,000
2
4,250
3
60
4
36,310
3,907
4,416
8,324
8,324
8,324|**2022**
**£**
40,000
31
40,031
38,700
Unclaimed
38,700
1,331
3,085
4,416
4,416
4,416| |---|---|---| ## **Notes to the Accounts** ## **1. Accounting Policies** (a) The accounts have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' published in October 2000 and revised in 2005 and applicable accounting standards. (b) Grants and other income are allocated to the accounting period in which they are received. ## **2. Grants Made** |Arthur Rank Hospice
Cambridge Cyrenians
Cambs Food Bank
Care Network
Centre 33
East Anglian Air Ambulance
Food Cycle
Homestart
Jimmy's
Magpas
Read Easy
Matched Funding
Red Hen Project
Cambridge Colledge RDA
Total
**3. Bethel Match Funding**
Match funding to 16 Masonic Lodges|£5,000
£1,500
£5,000
£1,000
£2,000
£2,000
£3,000
£2,000
£3,000
£2,000
£2,000
see below
£3,000
£500
£32,000
£4,250| |---|---| ## **4. Administration** Back payment for 2022 Independent Examinef8 Report to the Trustse8 of the Clty and Universty of Cambrldge Masonic Charitabl• Tru8t I report on the a￿oUnts of the Trust for the year ended 31 December 2023 R•8pecllvo Re•pon•lblllti•8 of Tru•ts•s and Examlner The Charity's trustees are responsible for the preparation of the accounts. The Chanty's trustees conslder that an audrt is not required {under section 144{2) of the Charities Act 2011 (the 2011 Act) and that an irKI8pe￿nt examination is T*eded. ft is my responsibilty.. to examine the accounts (urKler section 145 of the 2011 Ad): to follow the procedures laid down in the General Directions given by the Charity Commissioners (under SeCt￿n 145(5)