MARGATE MASONIC CENTRE BENEVOLENT FUND
The relief of such poor and distressed Brother Masons or their poor and distressed Widows and Children or to or for the benefit of such Masonic Charities or other Charitable Institutions, Societies and objects as the Lodges and Degrees shall in a duly constituted meeting from time to time recommend.
Financial health, per its FY2024 accounts
The accounts state that the charity's reserves have started to be rebuilt, with unrestricted funds totaling £38,902.91 at year-end. The trustees maintain a policy of retaining sufficient reserves to meet anticipated operating costs for a period of twelve months. The independent examiner confirmed that no material matters came to their attention that would cause them to believe the accounts were not properly prepared.
What the accounts disclose
“The policy of the Trustees remains to retain sufficient reserves to meet anticipated operating costs for a period of twelve months, as well as building up reserves to meet any unexpected future property expenses.” — page 3
Trustees
- Malcolm William Fullerchair
- BARRY JOHN KINGSMAN
- Jeffrey George Tiley
- MAURICE FREDERICK KENNETT
- MR Nicolas John Alder FCA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £43k | £35k |
| 31/12/2023 | £42k | £44k |
| 31/12/2022 | £30k | £55k |
| 31/12/2021 | £25k | £31k |
| 31/12/2020 | £37k | £28k |
Common questions
Is MARGATE MASONIC CENTRE BENEVOLENT FUND financially healthy?
Per its FY2024 accounts: The accounts state that the charity's reserves have started to be rebuilt, with unrestricted funds totaling £38,902.91 at year-end. The trustees maintain a policy of retaining sufficient reserves to meet anticipated operating costs for a period of twelve months. The independent examiner confirmed that no material matters came to their attention that would cause them to believe the accounts were not properly prepared. Its FY2024 accounts were independently examined.