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Durham Freemasons Charity

Registered charity 279313 · accounts filings on the Charity Commission register · also known as THE DURHAM MASONIC BENEVOLENT FUND · listed website unreachable when last crawled

Latest income
£524k
Latest spending
£607k
Registered
1980
Accounts read
FY2022

Financial health, per its FY2022 accounts

The accounts state that unrestricted free reserves amounted to £747,777, which the trustees believe is more than adequate to cover core costs for the next year. Despite a reported deficit for the year driven by investment revaluations, the charity remains in a strong financial position with total net assets of £9,174,152. The trustees have confirmed adequate resources exist to continue operational existence for the foreseeable future.

What the accounts disclose

Reserves policy: sufficient working capital to cover core costs for the next year (held: £748k)
“consider that this should be at a level to give sufficient working capital to cover core costs for the next year.”
Per its FY2022 accounts as filed with the Charity Commission.

Accounts audited by Allen Sykes Limited.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£524k
Total spending
£607k
Cost of raising funds
£235k
Reserves (reported)
£10.8m
Employees
0

Reported reserves equal ~214.2 months of spending — in the top quarter for charities its size (median 5.2 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Darlington · Durham · Gateshead · Hartlepool · South Tyneside · Stockton-on-tees · Sunderland

Income and spending

Financial year endIncomeSpending
31/12/2024£524k£607k
31/12/2023£534k£370k
31/12/2022£445k£493k
31/12/2021£1.2m£773k
31/12/2020£692k£382k

Common questions

Is Durham Freemasons Charity financially healthy?

The accounts state that unrestricted free reserves amounted to £747,777, which the trustees believe is more than adequate to cover core costs for the next year. Despite a reported deficit for the year driven by investment revaluations, the charity remains in a strong financial position with total net assets of £9,174,152. The trustees have confirmed adequate resources exist to continue operational existence for the foreseeable future. Its FY2022 accounts were audited by Allen Sykes Limited.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with OXFORDSHIRE MASONIC CHARITY.