Charity registration numbèr 512541 FUND OF BENEVOLENCE OF MARK MASTER MASONS OF CHESHIRE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 (¢? McLintocks -a Xetnadin Group
FUND OF BENEVOLENCE OF MARK MASTER MASONS OF CHESHIRE LEGAL AND ADMINISTRATIVE INFORMATION Trusts•$ A E Cros5 (Chaiman) WJAstbury D R Hinde D Andred R Alexarmler {Appointèd 12 January 20231 Other officers G R Hor5tman. Ptownoal Grand Master A W 83mber. Commrtlee Member K J Gray, Committee Membèr K Mayer. Committee Member M A Jonès. Secretary (to July 2023} C E Lws, Secretary {from Juty 223) R G Hewitt. Treasurer (to March 20231 D L Berry MBE. Treasuru (from March 2023) S C Simpson. Committee Mernber B W Mayhou. Deputy Seryetary D N Commiilee Member Charlty numbèr 512541 Registered office and princial address The Prowncaal Office 46 NorthbrDok Road Wallasey Independent examiner McLinlo&s (NW) Limited 2 HiHiards Court Chester BUne$S Park Chester Cheshire CH4 9PX Bankers HSBC mac¢1 Branch 14 Casle Slreet Macdesfjeld CheshitÈ SK116AF Co-operative Bank PO Box 250 Skelmersdale WN86
FUND OF BENEVOLENCE OF MARK MASTER MASONS OF CHESHIRE CONTENTS Page Trustees. report Slalemenl of truste•s' resn51&beS Independent examinerfs report Statement of fInanU actmties Balance sheet Notes lo the financial slalements 8-13
FUND OF BENEVOLENCE OF MARK MASTER MASONS OF CHESHIRE TRUSTEES. REPORT FOR THE YEAR ENDED 31 OCTOBER 2023 The trustees present their annual Teport and fanCial statements for the year ended 31 O¢tober 2023. The financial slalemenls have been prepared in ac¢ord#nc& with the aeeountiThJ polic4es sel out in note 1 lo the financial statements and comply with the trust's governing do¢umÈnt, Chaitties Act 2011 and -Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to chanb.es prpparing their accounts in Ccofdance with the Financi RÈporting Standard applicable in the UK and Ropubfic of Irejand {FRS 102)" leffective 1 January 20191. Objectives and aetlvltles The objert of the Charity is the relTref of distressed Mark Master Masons and their dtrpdents and such other Charitable In3titutsons. Souetie5 and obiects as the fru51ees shall det¢miine. and lo distTibule charitsblè grants lo worthy Cau in the Province of Cheshire. The Manament of the Charity is uniler the control of the TtU5tee$ who arè assisted by the committee members. There have been no changes in thè ot¥adi and organwtion of the Chanty Sin the last rèport. Us8 oftradth'onal m&som¢ furny raibing actwifve& SignifTrnt a¢liyilies indude proceed5 of raffles at fomal dinners. a 10(M)+ thb. fvnd raising dinners and lodge ntributions. Public b8nefft The Iru51ees have paid due regard to guidance issued by the Charity Commission in de[119 what activilies the trust shoukl undèrtak•. Social investmerts Social inveslrnent ts for the betterment of the people of Cheshire. The Trustees confirm that they have complied with thè requirements of section 4 of the Charilies Act 2011 to have due regaril lo th8 benefil guid published by the Charity Commission for EnglaTwJ and Wales. Grnntmaking pol All grants are considered by the commiltee and apwoved or r8ieded based on (x)myiartt with the Charit9 objectives and avalablè funds. Voluntee All timè gNen to the Larity by individuats is on a vdunteer basis. Achievements and perforniancè Signrfcant acliviligs and aGhievefflents against ob1Ve$ The Iwslees Consider the pÈrfomiance of the Fund to be sat15f8¢trAy enabling the obiectrves of Ihe Charity lo met. Finanrial review The charity continues to enjoy good support from the members ol th& Province of Cheshire Mark Masons and their friend5, which along with the SIstent income stream from Ihe dèswjnaled fund investments gener8lÈd income during the year £58.040 (2022.. £44,114). This has enabkd the trustees to distribute £43,000 12022.. £35,000) to Ma50nic and non-M8$0 causes during year. The trustees afe satisfied with Ihe charity's stale of affairs and of its aL¥lity to C4Jnlinuè to operate in ils present capacty.
FUND OF BENEVOLENCE OF MARK MASTER MASONS OF CHESHIRE TRUSTEES. REPORT {CONTINUED} FOR THE YEAR ENDED 31 OCTOBER 2023 Going eoncem The Trust is a going ¢Mr£m, does not have any borrMngs and aayS maintains a liquid surplus. Resetves polKy The fund acojmulated over many years Irom donatior rec¢Ned and fund LsIrj a¢b"vities organised by the Mark Master Masons of Cheshire was èstablished as a Designated Fund on 31 Oclober 2005. This fund now provtde5 income dbslribution to worthy causes arKI indiwduals within Ihe remrt of the Trust Deed over the Ihree-year rolling cycle. The Tru5tÈes have confjmied their Gommitinenl to maintsin Ihis Dèsi9nated Fund into the future so as to safeguard the availabiffity of thjnds for distribution. Funds in deficit There are rKS funds in deficiL PrirpaI lunding sourc8S The prin¢>e funding SOUTce is It membws of Provinual Grand L(¥Jge of Mark Master Masons of Cheshire. Inv8stmentpoliGy The Charity's invèstments are rnanaged by Investec under 8 fun dis¢retw)nary manayemÈnt agreement aimed * maximising the reluTn on investments, whilst rnaintaining the capital value. M8ier risks The major risk5 to which the Charity is exposed. as idenirfied by the Trustees, have been rÈviÈwed and systems have been established to fflilig3te these risks. Structure. governanc• and maDag¢mènt The Charity is constituted under a Deed of TrLLSt dated 12 March 1982 and constilLrtes an Uninrporated charity. It is a Registered Charity (No.. 512541). The trustees vtho served during the year and up lo the date of signature oflhe financial glatements were". A E Cross (Chairman) W J Aslbury D R Hinde D Alldred R Alexander J R T Cavanagh {Appunted 12 January 2023) tReb"ied 18 March 20231 Recwilfftent and appoinlnk8nt of tntses New trustees are appointed by the board of trustee5 a5 arigng. As all appointees are expeiienced in chaTit8ble Work, no fomal induction and training is deemed necessary. All trustees give IheiT bme voluntarty and receive no remuneralion or other benefits. 0rg8nisalional stwcture The oryanisation consists of trustees and cornmrttee members. Details of Irustee5 and ¢)ther offKers are provided in the Legal and Adminislralive InformatK)n section.
FUND OF BENEVOLENCE OF MARK MASTER MASONS OF CHESHIRE TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 The thjsteès, reportwas appro%*d by rhe Board olTrustee&. A E Cross (chaimnI Trusteè 22 March 2024
FUND OF BENEVOLENCE OF MARK MASTER MASONS OF CHESHIRE STATEMENT OF TRUSTEES. RESPONSIBILrriES FOR THE YEAR ENDED 31 OCTOBER 2023 The trustees are iosponsible for wep8ring the Trustees, Report arKI the finaThial slatemen15 in 3tr£ordance with applble law and United lQngdom Accounting Slandards Iunited Kingdom Generally Accepted Accounting Practiegl. The law applicable to tharitEs in England and weS requiTe5 the trustees to prepare financial 51alpments for each finanual year whieth gwe a true and fair vw of the stale of affairs of the trust and of the incomin9 resources and application of rÈsources of the trust for that year. In prèparing these financial statements, the Irusts ar8 requred to.. - select suitable accountsrtg polia•s and then appty them consistentty: - obsem the methods and prin(iples in the Charths SORP.. - make judgements aThJ estimates that are r8ason*le and wudent, - state whether applicable aco)unting stsndards have been folowed. subiecl to any material departures disclosed and explained in the finaneAal statements., aFKI prepa the finat)cial slalemtrnts on the gThng rrn basis unless it is inappropriate to presume that the charity will continuè in operation. The tFustees ate responsible for keeyng suffthient CllIng record5 that disdtsse with wsonable accuracy at any time the financial position of the trust and eae them lo ertsure that the financial 51alements comply with the Charitiès Act 2011. the Charty (Accoun15 and Reports) Regulatw)ns 2008 and the proviwns of the trust deed. They are also 19sponsible for safUardlng Ihe a55els of the trust and hence for taking reasonable steps for the prevention and deteclion of fiaud and irregulwities.
FUND OF BENEVOLENCE OF MARK MASTER MASONS OF CHESHIRE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FUND OF BENEVOLENCE OF MARK MASTER MASONS OF CHESHIRE I report to the trustees on my examination of the finan(xal statements of Fund of Benevolence of Mark Master Masons ol Cheshire lihe tru5t} for the year ended 31 Oclober 2023. Responsibilitses and basis of report As the Iluslees ol the trusl you arè rèsponsible for the preparalion of the finanaal statements in aCrdance with the fequiremenls of the Charilies Act 2011 (the 2011 Aci). I report in respect of my examination of Ihe trvsf5 finanual statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the appli(2ble Directions given by the Charity Cornrni5510n under section 14515llbl of the 2011 Act. Ind•p•ndent examinèrfs Ststement Your attention is drawn to the fact that Ihe charty has preparèd finanaal statement5 in a¢cordance with Accounting and Reporting by Chartties prepaiing their accounts in accordan with the Financial Reporting Slandard applicable in the UK and RepubliG of Ireland IFRS 1021 in preference lo the Accountin9 and Reporting by Charities.. Statement of Rectsmmended Practice issued on 1 April 2005 whith is referred to in Ihe extant regulations but h85 now been withdrawn. l understand that this has been done in order for finanoal statements to provide a true and lair view in accordance with GenerallYAepted Accounting PractKe effective for reportsng periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in nnectIOn with the examination giving me cause lo believe that in any rnaterial respeci.. accounting records wère not kept in Te5pert of the tnjst as required by sedion 130 01 the 2011 Act; OT the financAal Statements do not am)rd those recy)rds- or the financi81 statements do not compty with the applicable qu1MentS conGeming the form and ¢ontenl of accounts set out in the Chanties (Accounts and Reports) Regulations 2008 other than any requirement that the awounts give a true and fair view which is not a matter Ojnsidwed as part of an irhdependènt examination. I have no concems and have come awss no other matters in connection with thè examination lo which attention should be drawn in this report in order to ÈnatrAe a proper understanding of the finanryal statements lo be reached. Alastair Jeffco McLintocks INW) FCA ited 2 Hilliards Court Chester Business Park Chester Cheshire CH4 9PX Dated.. 22 Marth 2024
FUND OF BENEVOLENCE OF MARK MASTER MASONS OF CHESHIRE STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2023 Unrestricted funds 2023 Unr•stricted funds 2022 Income from: Donations and legarjes Other trading adItIeS Investments 32,690 29 25.321 20.000 2,82 21,291 Totsl income 44.111 Expenditurè on: Raisin9 funds Charitable aclivilies 2.502 50.077 2.631 37.120 Total expenditure 52.579 39.7S1 Net lossès on inveslments 10 (19,4911 15S,0841 N¢t èxp•ndiiure and movement in fund$ {14.030} 150,724} Reconciliativn of funds: Fund balances at 1 November 2022 540,498 591,222 Fund balance$ at 31 October 2023 526.468 540.498 The slalemenl of finanei31 aclivities Irude$ al gains and k)55es rewgnised in the year. All iftcome and experKlilure derive from continuing a¢livrti¢s.
FUND OF BENEVOLENCE OF MARK MASTER MASONS OF CHESHIRE BALANCE SHEEr AS AT 31 OCTOBER 2023 2023 2022 Flxèd assèts Investments 12 491.839 511 923 Currenl assets Cash at bank and in hand 38,349 31.733 Creditors: amounts lalling due one year 13 3.720 3.158 Net euueni assets 34.629 28.575 Total as5•ts loss CuTref)tIi3II5¢> 526.468 540,498 Thg fisnds ol the lJust Unresiwided fuThJs 526.468 540.498 54U,498 A E Cross Ichwmba)) Trtlee
FUND OF BENEVOLENCE OF MARK MASTER MASONS OF CHESHIRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 Accountlng policies Charity information Fund of BÈnevolence of Mark Master Masons ol Cheshire is lSbtUted under a Deed of Trust dated 12 March 1982 and constttules an unincorporated registered charity. 1.1 AccountSng convention The finanal stalements have been wepared in acD)rdance wilh trusvs tgoverrung do(#Jmèntl. Charities Act 2011. FRS 102 "The Finanrial Reporting Standard applicatAe in the UK and Republic of Iioland. rFRS 102.1 and the Charities SORP "AcA))untirvJ ar Reporting by ChaTiliès: Statemènt of Recomfflended Practice applicable to chariti.ès preparing their accounts in accordance with the Finanual Reporting Standard applicable in Ihe UK and Repubbc of Ireland IFRS 1021" {effaetNe 1 January 2019}. The trust is a Public Benefit Entity as defined by FRS 102. The twsl has tsken advantage of the prwsions in the SORP foT thari&S nol to prepare a Statement of Cash Flows. The finan¢ial stalernents have departed from the challe$ (Accounts and Rèports) Re9ulalions 2008 only t the extent required to provide a true and fair view. This departure has involved ft)U¢)wing the Statement of Recommendeil Piadice for charitie5 athing FRS 102 rher than thè versKn of the Statement of Recommended Pradicè lch is referred to in the RegLdalh?ns but has since been thdraWn. The finanry81 statements are wepared in slerfing. which is the fUndnal currency of the Irusl. Mon¢lary amoun15 in tse financial statements are rounded to the nearest £. The financial statements have been preparèd under the hisloTical ¢ost conventKJn. mdtffied lo indude Bertain financial instmments at fair Wdluel. The prin(ipal a(uunb"ng pICieS adopltt(l arè set out below. 1.2 Going concern At the time of approving the financid Statèments. Ihe trustees have a reasonable expectation that the trust has adequatè rèsources to continue in operatmjnal etenCe for the foreseeable future. Thus the trustees ¢ontinu8 to adopt the 9oing corKern ba&s ol accounting in pteparing the ffinancial ststoments. 1.3 Charitable funds Unrestricted fvnds are available for w at the dtsuetion of Ihe trustees in frtherare of their charitable ¢bjeLtive5. R8stricted fvnds are subject to spe(ifK condihon5 by dOnS or granlors as to hLA¥ they may be used. The purposes and uses of rèstrKted fvnds are set cHJt in Ihè notes to the financial statements. Endowmenl funds are subje(A to spth cOndonS by donors thal the (awtsl must be maintained by the trust. 1A Incomè Income 1$ recOlse(l when the trust is legalty enlrtkd lo it after any perfomance conditions have been met. Ihe amounts can be measured reliabty. and rt is probable that inLx>me will be reeeived. Cash donaliow15 a Tecognised on receipL Other donations ate rewnised once the trust has been notified of the donation, unless perfoanCe coThJitions require deferral of the amount. IrKornè tsx rècoverable in relation to donabtjns received under Gift Aid or deeds of ¥¢n8nt is recognised 8t the time of the (k)nation. Legacies are recognised on receipt or olherwse rflhe trust has been nolifie(l of an impending distribution. the amount 15 knty•ffl. and receipt is expected. If the amwnt is not known, Ihe legatry is treated as a conb"ngent assèt.
FUND OF BENEVOLENCE OF MARK MASTER MASONS OF CHESHIRE NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Accounting polki•s (Continued) 1.5 Expenditure Expenditure is recognised once thèrè is a legal or nSIru¢te oblNJation to transfer economic benefit to a third paty, il 18 probable that a transfer of enOmiC benefit5 wil be rèquired in settlement. and the arnount of the obligatn can bè mèasLwed rdiabty. Expendilure is dassthed by actiW. The (x)5ts of each activty are made up of the total of direct costs and shared cosls. induding support costs involved in undertaking each actiwty. Diieet costs attributable lo a single activity are allocated (tirecuy to Ihal actmty. Shaied $ts which conlributè to more than one a¢tiwty and support C051s which are not attributablè to a single actNTty a apportioned betsveen thc¥ activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent. and dgpteciation chargès are allocated on the kw)tton olthe asset's uso. Chayftable a¢tivlll•s Charrtable expeThJiture comprises ilb)se ¢osts In¢Ur by the Charity in the delivery of its aclivities and services for 11$ beneficiarie5. It indjdes both u)sts Ihal ¢an be alb)caled dimdly to such activities and those eosts of an indwect nature necessary tr) support them. Ralslng funds These aiE ¢osts incurred in attracling Nx>luntary income. the management of Investm and those incurred in Irading adiwties that raise fvnds. Grnntpfovlslons Provisions for grants are made when the wrtertion to make a grant has beèn communicated lo the retypiènt bul there is unrtaInty about either the timing of the grarrt or the amount Df grant payable. 1.6 Fixgd asset invèstmènts Fixed asset investments are initiany measured at transaction PTW% exduding trans8cb.on cost5, and are subsèquently measured at fair value at each reporting date. Changes in fair value are reco9nised in n8t incomel(expeThJiturel for thè year. Tiansa(aKJn costs are expensed as incuThed. 1.7 Cash and ¢ash equivalents Cash and cash equivalents inthde (2sh in hand. deposils hekl at CAII wilh banks, other short4erm liquid investsnenls with original matUTAies trf three month5 or less. and bank overdrafts. Bank overdrafts are shown within borrwn9s in ojffent liabilit$. Basie financial assets Basi¢ financial assets, whi(* indude debtofs and cash and bank balance5. are initially measured at transaclion price indudiny transadion costs and are subsequentty carried at amortised cost using IhÈ èffe¢tive interesl method unless the arrangement eonstilutes a finanung transaction, where the transactwjn is mgasured at thè prèsent value of the fulure re¢eipts discountèd at a market rale of interest. Finanual assets classtfied as receivable within ce yèar are not amorb"sed.
FUND OF BENEVOLENCE OF MARK MASTER MASONS OF CHESHIRE NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Accounting pollcies Icontinuèdl Bask )SnaneiTal Ilabilili•s Basic financEal lia11]es. andlIng creditors and bank k)ans are initially reColSed 81 transaction price unless Ihe ariangement conslitutes a financing transaction. where the debt instrument is measurèd at the present value of the future payments di$¢ounted at a mathel rale of interest. Finanaal Irabilrt*s das$ified as payable within one yèar are not amortise(l. Debt instwments 8ie subsequenty Caled at arnoSed cosl. using Ihe effeclNe interest rate method. Tradè creditors are oblig8tions to pay for goods 01 set¥ices Ihat have been acquwed in the ordinary Course of operab.ons from suppliers. Amunts payable are dathe as cuThent liabilities if paymènt is due within one year or less. If t, they arè prèsented as non-currerrt babilities. Trade credrtors are COgniSed initially at transaction pri(£ and subsequently rnea5ured al amortised ttht using the effective interest method. Dereeognftion of fin•n¢ial liabilities Financlal liabilitie5 are derecogni5ed wh¢Tr the trust's ntradual ObligatnS expire or are discharged or cancelled. Incomè from donation$ and l•gacles Unrestrict•d Unrostricted funds funds 2023 2022 Legacy income Other donations 30.000 2.6Y) 20,OOD 20.OtK) Incom• from oth•rtrading a¢tivlll¢$ Unrestricted Unrestrlcted funds fund$ 2023 2022 Trading activity income". 0th8T 29 2.820 Income fmm inYestm•nts Unre$trietsd Unrestricted funds funds 2023 2022 Income Irom li51ed investments 25.321 21.291 10-
FUND OF BENEVOLENCE OF MARK MASTER MASONS OF CHESHIRE NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Expendilur• on rnlsTng funds UnrÈstrict•d Unrestrlcted funds funds 2023 2022 Fundralsing and publicity Olher fundraising costs 2,502 2.631 Expendlture on charrlable aetivitigs Masonlc Masonic b•nevolence benevolence 2023 2022 Dlrect costs Donations Other costs 43,000 3.960 35.OCQ 46.960 35,C0 Share of support and governance costs {see Support 3.117 2.120 50,077 37.120 Anatysis by fvnd UnreslrK#ed funds 50,077 37.120 Support costs allocated to activilJes 2023 2022 Administr3tion costs Bank rharges Subscxiptions Room hire Postage and Stslionery Goveman(x- Independent Examinerfs fees 1.878 1,312 59 162 216 237 558 37 550 3,117 2.120 Analysed belwttn: Masonic benevolen¢ 3,117 2.120 Tru$leès None of the trustees IOT any persons con1cted wth them) ieceived any remuneration, benefits or had expenses reimbursed from the trust during the year. 11
FUND OF BENEVOLENCE OF MARK MASTER MASONS OF CHESHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Employees The average monthty nuMr of emoYeeS during the yeat was". 2023 Number 2022 Number Total There were émployees whose annu remuneration was more than £60.OW. Key management personnel were not remunerated. 10 G•ln$ and losses on inveslmènts Unrestricted Unrestricted funits funds 2023 2022 Gainsll1055esl al19 rm". Revaluation ol investsnents 119.4911 155.084) 11 Taxatlon The chartty is exempt frorn taxa1ion on its adivitses tjecause all its income is applied lor tharitaNe purposes. 12 Fixed asset imwe$tmènts Listed investmgnts Cost or valuation At 1 NovemL*r 2022 Additions Voluation changes Disposa15 511.923 45,099 {16.6421 {48,5411 At 31 October 2023 491,839 Carying amount At 31 Oclo1 2023 491,839 At 31 Oetobèr 2022 511.923 13 Creditors: amounts lallin9 due withTn one year 2023 20Z2 AGGruals and defeffed income 3.720 3,158 12-
FUND OF BENEVOLENCE OF MARK MASTER MASONS OF CHESHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 14 Unrestricted lund$ The unrestricted funds ofthÈ tharity comprise the unexpended balances of don#ticA)s and grants which are not subjed lo specffic condrtions by doncys and grantors as to h(M they may be used. These indude designated funds whth have been set aSe of unre5trKthèd funds by thè trustees for specrfi¢ purposes. At1 Incoming Novèmber r•source5 2022 Resour¢•8 expendgd Galns and At 31 Oetobar losse5 2023 Gèneral fvnds 540.498 1$2.5791 (19,491} 526,468 Previous year: At1 Incoming Resourc expended Gains and At 31 October losses 2022 2021 General fund5 591.222 44.111 {39.751) 155,084) 540,498 15 R•latsd party tranurtions There were no disc105ablè rèlated party transa(*5 during Ihe year12022- none). 13-