ISSUE 13, April 2005

Editorial
The Campbells are coming: At speed!
Travel: Warming to Iceland
Royal Masonic Family: The Six Masonic Sons of George III, Part II
Quarterly Communication: Address of the Pro Grand Master and: Report of the Board of General Purposes
The flying eye hospital
Beamish Museum: The million pound project
  Wigan Grand Lodge: The Liverpool rebels
Chelsea Lodge: That's entertainment
Re-enactment: The way we were and: The Russian connection
Community Service: Weathering the storm
Faith and Freemasonry: God and the Craft
Education: Researching Freemasonry on the Internet and: Masonic events
Freemasons Hall: Masons at War
Grand Charity: Report and grant list and: Support for Asian tsunami
Masonic Charities: Reports from the Masonic charities
Obituaries, Letters, Book reviews, Gardening

 Previous Page 
PLEASE USE THE LINKS ABOVE - OR ON THIS LINE - TO MOVE BETWEEN PAGES
 Next Page 







Overall financial position
The surplus for the general unrestricted fund (in the accounts described as “net movement in funds”) was £2,741,700 (2003 deficit £897,600), after accounting for net gains on investments of £793,400.
    After taking into account the operating surplus and the net gains on investments, the General Unrestricted Fund at 30 November 2004 was £18.3m and the General Designated Fund was £1.7m.
    A summary of the operating income and expenditure, directly attributable to the unrestricted funds, is as follows:

£000
£000
Note
2004
2003
Income
1,859.0
1,657.6
Contributions from Lodges
3,441.8
1,318.4
Festivals
754.9
622.7
Investment income
965.4
534.3
Donations and legacies
7,021.1
4,133.0
Total income
Expenditure
5
2,742.1
2,225.3
Masonic grants
5
2,314.5
1,548.9
Non-Masonic grants
4
98.0
36.1
Investment management fees
4,6,7
546.8
540.6
Other overhead expenses
5,701.4
4,350.9
Total expenditure
1,319.7
217.9
Operating surplus/deficit


In addition to the costs outlined above, further costs relating to the operation of the Relief Chest Scheme and the Transferred Beneficiaries Fund have been borne by the unrestricted fund, as part of the Grand Charity’s service to Freemasonry, as follows:

£000
£000
Note
2004
2003
Income
4,6
168.4
229.8
Relief Chest Scheme costs
6
25.4
22.3
Transferred Beneficiaries Fund costs

193.8
252.1
Total


The accounts, which have been prepared in accordance with the SORP (Statement of Recommended Practice, dated October 2000) for charities, include the restricted funds of £24.4m held in the Relief Chest Scheme and £11.6m in the Transferred Beneficiaries Fund.

   










 Previous Page 
PLEASE USE THE LINKS ABOVE - OR ON THIS LINE - TO MOVE BETWEEN PAGES
 Next Page