SUSSEX MASONIC CHARITABLE FOUNDATION, CIO
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £126,908 for the year, driven by charitable distributions exceeding incoming resources. Per the trustees' report, free unrestricted reserves decreased significantly to £241,836, which the trustees consider to be in line with their reserves policy. The charity maintains adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“Sufficient investments must be maintained to produce income to meet the Charity’s costs and to contribute towards the donations and grants provided by the Charity. In addition to this, reserves must be maintained at a sufficient level to meet any unforeseen expenses met by the Charity and to ensure the continuation of the Charity’s work in the event of a downturn in income.” — page 5
Year-over-year changes
- Reserves position vs the charity's own policy moved from "above" (FY2023) to "within" (FY2024).
Register events
- Received assets from another charity (24/07/2019)
Trustees
- MICHAEL BRIAN HARRISchair
- Andrew Chequers
- COLIN DANN
- Colin Ballard
- Dr Robert Mackenzie Wicks
- Graham Watkins
- Malcolm Thor Lamb
- Timothy James William Ashdown
- Trevor Newman
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £156k | £253k |
| 31/12/2024 | £165k | £246k |
| 31/12/2023 | £171k | £364k |
| 31/12/2022 | £389k | £335k |
| 31/12/2021 | £484k | £242k |
Common questions
Is SUSSEX MASONIC CHARITABLE FOUNDATION, CIO financially healthy?
The accounts state that the charity reported a net expenditure of £126,908 for the year, driven by charitable distributions exceeding incoming resources. Per the trustees' report, free unrestricted reserves decreased significantly to £241,836, which the trustees consider to be in line with their reserves policy. The charity maintains adequate resources to continue in operational existence for the foreseeable future. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE WARWICKSHIRE MASONIC CHARITABLE ASSOCIATION LIMITED | 2 | £40k |
| THE GRAND CHARITY | 1 | £6.6m |
| NORTHUMBERLAND MASONIC CHARITY ASSOCIATION | 1 | £275k |
| Leicestershire and Rutland Freemasons' Charity (LRFC) | 1 | £187k |
| THE FRANK JACKSON FOUNDATION | 1 | £85k |
| THE PARGITER TRUST | 1 | £80k |
| ST EDMUNDS TRUST | 1 | £21k |
| ATTEND | 1 | £10k |