THE EAST LANCASHIRE MASONIC CHARITY
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £213,617 for the year, primarily due to increased costs, although unrestricted net assets increased by £81,703 to £9.584 million following significant investment gains. The trustees confirm the charity is in a sound financial position with sufficient assets to continue its objectives, and the auditors found no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
“One of the Directors/Trustees has been paid remuneration from an employment with the Charity. Remuneration of £39,095 (2023: £35,541) and pension contributions of £4,212 (2023: £4,005) were paid to J Ward in accordance with an employment contract and related to duties as an employee of the charity rather than as a Director/Trustee.” — page 45
Leadership, per the charity’s website
- Chad Northcott — Chairman
- Philip Price — Secretary
- Stephen Thomson — Chairman
- Paul Sellers — Secretary
- Karen Hall — Secretary
- David Lightbown — Chairman
- Roger Tinker — Chairman
- John Taylor — Provincial Grand Charity Steward
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Chad Anthony Northcottchair
- David Lightbown
- John Anthony Griffin
- John Richard Farrington
- John Taylor
- Julie Ward
- Mark Wiliam Davis
- PHILIP JOHN PRICE
- Peter Lyndon Nicholson
- ROBERT FRANKL
- Stephen Alexander Thomson
- TONY STEPHENSON
- WILLIAM RAYMOND WAITE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.1m | £1.3m |
| 31/12/2023 | £1.0m | £1.0m |
| 31/12/2022 | £1.3m | £1.0m |
| 31/12/2021 | £787k | £1.7m |
| 31/12/2020 | £873k | £858k |
Common questions
Is THE EAST LANCASHIRE MASONIC CHARITY financially healthy?
The accounts state that the charity reported a net deficit of £213,617 for the year, primarily due to increased costs, although unrestricted net assets increased by £81,703 to £9.584 million following significant investment gains. The trustees confirm the charity is in a sound financial position with sufficient assets to continue its objectives, and the auditors found no material uncertainties regarding its ability to continue as a going concern. Its FY2024 accounts were audited by Percy Westhead & Company.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE GRAND CHARITY | 1 | £6.6m |
| NORTHUMBERLAND MASONIC CHARITY ASSOCIATION | 1 | £275k |
| Leicestershire and Rutland Freemasons' Charity (LRFC) | 1 | £187k |
| THE WARWICKSHIRE MASONIC CHARITABLE ASSOCIATION LIMITED | 1 | £40k |
| ATTEND | 1 | £10k |