NORTHUMBERLAND MASONIC CHARITY ASSOCIATION
Financial health, per its FY2023 accounts
The accounts state that total unrestricted reserves (General Fund) stood at £239,797, while the endowment fund held £832,101, resulting in total net assets of £1,071,898. The charity reported a net decrease in funds of £42,011 for the year, primarily due to investment losses, but maintains sufficient liquidity with £219,364 in current assets. The trustees confirmed that systems are in place to mitigate risks and that the charity can continue in business.
What the accounts disclose
Trustees
- JOHN JAMES CRAIGSchair
- GARNET DUFF BURTON
- Gavin Edward Wales
- IAN MICHAEL GILBERG FCIS
- John Nigel Bruce
- KEVIN PETER STANNARD
- Nicholas Martyn Deakin
- Paul Richard Winship
- Peter Maurice Smith
- Robert Neil Foster
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £249k | £292k |
| 05/04/2024 | £210k | £288k |
| 05/04/2023 | £320k | £291k |
| 05/04/2022 | £242k | £178k |
| 05/04/2021 | £229k | £284k |
Common questions
Is NORTHUMBERLAND MASONIC CHARITY ASSOCIATION financially healthy?
The accounts state that total unrestricted reserves (General Fund) stood at £239,797, while the endowment fund held £832,101, resulting in total net assets of £1,071,898. The charity reported a net decrease in funds of £42,011 for the year, primarily due to investment losses, but maintains sufficient liquidity with £219,364 in current assets. The trustees confirmed that systems are in place to mitigate risks and that the charity can continue in business. Its FY2023 accounts were independently examined.