Charity Registration No. 1175246 Company Registrah'on No. 11020585 West-Lancashire Freemasons, Charity Company Limited By Guarantee Annual Report and Accounts 2024-2025 Helping those in need "REHSP6844 2011W2025 COMPANIES HOUSE West Lancashire Freemasons, Charity Company Limited By Guarantee Financial Statements for the year ended 31 March 2025 Contents Pages Profes￿Onal Advsers Trustees. Annual Report Iin¢ludinB Thrertor< Report) 2106 Independent Auditor's Report 7108 Statemeni of financial Athitres Balance Sheet io Statement of Cash Fl¢J li Notes to the Financial Statements 12to19 ProfesKS'ional Advisers Re8i5tered ¢hanty name West LanCashI￿ Freemasons. Charity Company LThited By Guaiantee Charity number 1175246 Company number 11020585 Principal address artd RegISte￿d Offi Wèst Lancashire FreeMa￿A$. Charity 2 Paramount Business Park Wilson Road Huyton LNerpool L36 6AW Auditor JS Audit tsmited James House Stone¢ros5 Business Park Warnngton Cheshire WA3 3JD Bankers HSBC Bank pk 99-101 Lord Street Liverpool L2 6PG Investment Mana￿5 Rathbone Investment Management Port of LNerpool 8uiklinB Pier Head Liverpooj L3 INW Solic5tors 8rowne Jacobson LLP Mowbray House Castle Meadow Road Nothngham NG2 IBJ WLFC Annual Report and Accounts 2025 Trustees, Annual Report (Including Directors, Report) The trustees have pleasure in presentrrg their annual report and finanual statements for the year ended 31 March 2025 The accounts have been prepare(l in accordance wth the accounttng policies set out In note I to the account5 and Cornp￿ wilh the charity's memorandum and ?￿rIeS of assooatron. the Companies Art 2CQ6 and "Accountsng and Reportrn8 by Charitres Statemènt of Recomrnended Prathce applscable to charine5 preparin8 their accounts In accordance with the Financial Rèpornng Standard applitable In the ux and Repvblic of Ireland IFRS 1021" las amended for accountrng peri¢)ds commenang fiom l January 2019) Financial Review cornp￿te details of the Income and expenditure are shown the statèrnÈnt of finanoal ath¥JttèS on Pa8e 9 and In the notes to the ac¢ounts The reser￿ of the Chanty at 31 March 2025 totalled £19 llm12024- £18 99ml Total Income and endowrnents In the year amounted to E652.396 compared with £814.399 In the preceding year Included in the total were legacies of £nil12024 - £47,139>, and Investment Income and Interest rètèivable of £5(KJ.66512024- £524,743) Grants paid were £427.86412024- £381.OS91 Dunn8 the year the Charity made Brants to non-masonic athvitses Further Infomiabon ￿ ￿Ven under 'Charrtable AthviDe5' In note 6 to the accounts Chantable Support Costs were £ i(KS,448 12023- £9).5521 Durin8 ihe year. net ￿alIsed Investment Bains were £70,794 12024 - £91.6771, and on the revaluanon of the Investment portfolio at the year end, net unrea115ed Investment gains were É23,25112024 . £964.9281 The overall result for the year was an Increase In funds of £131.80112024 - EI.323.5841 Legal Status The charity Is registered a5 3 company Iimrted by guarantee (No 110205851 and as a charity (No 11752461 Objects and Activities The Charity has thÈ followin8 gbjeas and actmtses Investment policy and performance The Charity contsnued-its policy of adopnng a prudent Investmeni strategy which gwes a balanced portlolio The Investment managers engaged during ihe repothn8 year werè Raihbone Invesiment Management They were a¢j￿ed to ma￿mI2e the total return on the portfolio within the constraints of a medium risk strategy The Investment brief Is broadly defined At 31 March 2025. Ihe Investment portfolio stood at £17.939,433 The trvstees monitof the irtvestmènt performance on quarterly bass The portfolio valuaknon at 31 March 2025 was £13.717 highei than the value at 31 March 2024 Dividend income recetved during the year amounted to £487,037 The trustees have at all ttmes acted In accordance with the tiustees, duttes In rèlabon to investrnents undèr the Trustees Act 2LKIO Cash funds are maintained at a level sufficient for 5hort- term requirements with a reseive placed on short ieim dePO￿t at the most advantageous rate of return available at the tyme of In¥estment 111 The relief of Freemasons-of -the-Masonic Provrnce of West Lancashire, their widows. children and any dependants of Freemasons of the Province who t￿ In tondinons of need. hardship or distress 121 To promote the educatson of Indivtduals Under the a8e of 25 who are in need of hnantsal assistance and are resident In ihe Prownce 131 The prov1510n of financial assistance to Masonic tharitable funds or Instrtubons or other tharitable InststuDons as the trustees shall from meto bme deude The Charity has referred to the Chanty Commisgon's general guidance on Publi¢ Benefit when rewewng its aims and Obje￿Ve$ and has ensured that the grant makin8 policies and attbvines of the West Lancashire Freemasons, Chariiy Cornp￿ with the requirements WLFC Annual Report and Accounts 2025 Trustees, Annual Report (Including Directors, Report) Reserves policv The Charl￿$ reservé policy Is to maintain art adequate level to support Its acknviDe5. takin8 account of the risks to whi¢h It Is exposed and exisDn8 and proierted levels of incomè and expenditure l trustses 8ave freely of their nme and no ￿M￿nera￿On was paid during the year The day to day management of the Charity is the responsibilbty of the Chièf Executt¥e OffKeK Thè Chièf Finamal Olhcer has pamcular respongbility for the proper control of ?11 finanrial matters The tiustees rÈcognised the effert of the war In the Ukiaine. Infftabonary pressures, and Ihe sitUat￿n in rhe Middle East adding to ihe uncertainty of fviure Income leve15 Towards the end of the financial year the consequentes of Donald Trump's return to the White House and concerns of a 8lobal trade war were In evidence These factors were b￿nE monLtored and the portfolio po$rt￿ned accordingly tak￿ the aÈreed Truste* risk profile Into account The Prirtopal Officers have a ieam of volunteers whose funthons indvde rec*vinÉ and checking applicatsons for assistance, asseS￿ne and approvin8 grants where appropriale. re¢wvinB and recordjng donatyon5 and making payments. coThtTolling finances. rneettn8 statutory requirements. markenng and public relatTons, dealing with Investment managers, auditors, solicitor5 and supplier5 as well as fvnd raiser5 within the Province and lodge almoners who deal dtrectty wrth the appli¢•nts, 8eneral adminL5tratron. plannin8 and reporttng Sirurture. governance and management The governancÈ and managèment of the Charity during the veaf allowed the number of trvstees to be not less than five and not more then seven Trustee5 can appoint able and willin8 candidates to be a trustee As the Chantys volunteers are not remunerated for their 5ernte5 but incur costs in travelling to th•T work, all volunteers may claim a contributson towards these ¢05ts tmsed on the HMRC mileage allowance Each term of office is for four years Trustees can be re- appointed for one further term ol four years On appointrnent new trustees sign a trustee ded3rat￿n and a coftfidenknality agreement and recei¥e a copy of the stheme document. the Charitvs rules and regulatrons. past annual reports and accounts. minutes of trustee meennBs and guidance publicattons produced by the Charity Commismon New tiustees are encouraged to meet with the Chief ExecutNe and his team and gain an undorstanding of the protèsses Involved In rvnnin8 the Charrty All the team members have happjly and generousFy wven therr tsme ift semo to charity and the Trustee5 wish to record their apprecianon and grabtude to all volunteers who work * Huyton Risk management Risk policy involves the trustees in the maintenance of sound bvsiness PraC)￿S in order to avoid unnecessary risk Our view 15 th?1 r15k rnanagement works most effectrvely whtn It applied by all staff Involved In running the Charity and It Is an establtshed pracbce to keep all our volunteer5 Inlorrned of and involved in èdministratton matters The trustees meet qu?rterfy with add￿o￿al meenrtgs called when necessary At the meetsngs the trustees conyder matters relann8 to erant making poliLry, Investment strate8y, maiof aCqU15thon5. major grants. busrness planning and receive reports relatsn8 to the administratKJn of the Charity It ￿ the pohcy to regularty re￿e￿ The nsks to which the Charity ￿ exposed and the adequacy of hnanoal controls and to establish systems to rnitrgate those risks The Charity has undertoken a full risk assessrnent as required by The Chariknes Art In all areas the Charity was considered at low or very low risK confirming that system5 and procedures to rnana8È those risks are in place 3 WLFC Annual Report and Accounts 2025 Trustees, Annual Report (Including Directors, Report) Grant making policy Applicatrons are received through local Freemasons. Masonic groups or direct at the Charity's office Successful apP1￿ca￿on5 nee(1 to meet established crrtena and supporting evidènce Is required Requests for ssistancè which fall outside the t￿mi mèy stsll qualify for help at the tru5tees' d15cretson The Chanty is keen tts make the pvblic aware of the assis- tance whKh can be provided by the Chanty Because the Charity does not seek to raise donaDons from the general public but Instead relies on donatrons made by Freemasons, our role as 8 public benefattor Is not always understood It Is hoped that the level of grants rnadè and our Involvement and 5UPPOrt for relat￿eTry high profile proJe¢t5 will attrart wider reco8nitson Examples of the type of grants given are shown on the Charitys website www we5tlancsfreemasons org uvwlfcthome The Charity regularly reviews the types of request5 11 receives and amends qualificatron requirements and Increases resour￿$ where they hdp io meet the Charity's obie¢nves Fundraising The Chanty relies heathly ON donatsons from Freemasons in the prOwn￿ of West Lanca5hire The Charity contsnue5 to false aWa￿nesS of (ts work within the Province and In doing so. rt LS hoped that those Freemason5 will conttnue io give Benerou4y to help the Charity support needy Indiwdua15 and other worthy ¢au$es A consistent approach to asse5sin8 applicabons and making grants Is adopted by the Charrty For indiwdual applicants In financial distress the Chartty uses an applicatron form similar to that V5ed by the Masonic Charitable Foundatson and requires sight of suppornnB evidence of hnancial Income, savings and need Rdief Is afforded ro an applicant by relefen£e to th￿r fftcome measvred a8ainst the Joseph Rowntree Foundatron Minimum In¢ome Standard and by reference to the applicanys capital positron The iru5tees are mindful that the Fundraisin& Regulator has recentty expressed concefn5 regafdin how organ15atron5 collect or 501101 funds relatsonships with donors methods of wtsrknng with others to rè15e mortey management of contact Preferences and complaints -handling M8￿myrn grani leve15 are reviewed by t1￿ tmstees at least an annual basis In addithon to providin8 grants to help meet Imre costs the Charity has also helped with the cost of Èssennal repairs to homes and has prowded aw5tance In finanaal emergencies The tn15tees therefvre wish to set out how the Chanty raise5 fiJnd5 ¥n(l addre55e5 these 155ue5 The Chanty does not $olitrt or receive donatrons from the Beneial public. the funds it receives comè purèly from Free. mason5 The Charity acts Indirectly throueh the umbrella organ15aknon for freemasons In West lanca5hire. The Ma- sonic Prwnce of West LanCashI￿ Ithe Provtncel. to soliot fvnds Charitable activities The majority of our workload during the year related to handling applicatKJns for a551Stance from IndI￿dU¥15 In nancial distress and the Chanty was pleased to ￿Ve much needed finanual support to Freemasons and dependants in need, Including those affected by ihe pandemic lockdown One of the basic tenets Of Freemag¢nry Is Charity To that end the Province sends senior masons annually to all lodges who may spÈak on the work of the Charity organises annual collethons across the Province encourages lodges of masons to make grfts to the Charity Oistributes promotsonal literature to masonic halls Grants to non-masonic Cau￿ in the year totalled É198,86212023124- £156,4861 The general public is not approached WLFCAnn¢tal Report and Accounts 2025 Trustees, Annual Report (Including Directors, Report) Performance The Chaiity has a stratewc plan whKh is gèared towards Ensuring prudent financial mana8emeni AIIocattng resource to meet demand Increasing awarenes5 of the charity and rt5 athvine5 Wlthin both the Masonic and non- Masonic communitres Raisingthe 5ki115 of its volunteers Increasing Its funds Future Plans Thè prinupal obsethve of the Charity ￿, Bnd will conbnue ID be. the reljef of Freemasons and their connecknons, and to this end the Board will contsnually review thè upper level of m350nK grants payable Non-masonic has. for many years. been a rnajor conskntyent of the Ch3TIWs Work The CharitVs poIIcy 15 to seek to make a number of awards each year under three main headings www.westlancsfreemasons org.uk. the thanvs website, provide5 Informatron on the charrty and help for applicants and those raiyng and disJ>ersin8 funds on its behalf. The charivs promottonal literature. applicabon forms and guidancè notes have bÈen updated A range of leanets be downloaded from the website coverin8 the work of the charity. Invthn8 applicatrons for financial as51Stance. describing how donatscjns can be made. how legacies can be arranged and how Gjft Ajd can swell the value of donatsohs Grants ari￿n& from applicatron5 recetved from West Lancashire community Initsatsves Including those for awstsn8 educathon of children Grant5 to athvitres In West Lancashire arisjng from our ¢)wn initsatsve. eg helping Food Banks Grants in response to natsonal and Jnternatsoftal events. eg lloods and earthquakes Visiiors to ihe websjte can check Stale beneht enffitlernents and download applicatson forms and gvidan¢e notes for grants for ¢harrtable causes In the communrty The arnounts Of the grants made under the second and third headin8$ above are decided on a case by case basis by the trustees Best busine55 prathce Is employed in running the charity Strategic and business plans are In force. a fisk register Is In usè and hèalth and Safety revrews are carried out on a re8ular bay5 The Cknaritys ajm is to make a significant Impact on community oiganisatsons in West Lancashire. and with a ew to Jncrè*ing and Improving the profile of Freemasonry in general All appli¢athoAS a￿ handled confidenbally and all (earn members are required to sign a conhdenfiality 3greernent Trustees The trustees vlho served the tharity during thè period werè as follows D J Parkin50n I Chairman I l T SandeTson (Deputy Chairman) C J RowlinB J D Gibbon P H Baines P S Broadley lapptyDted l May 20241 WLFC Annual Report and Accounts 2025 Trustees, Annual Report (Including Directors, Report) statement of trustee< responsibilities The trustees, who are a150 directors of the Chanty for the purposes of company law. are responsible for preparin8 the Trustees, Report and the financial statements In accordance wth applicable law and United Kingdom Accounttfi8 Standards Iuntted Kin8dom GefterallyAccepted Accounttn8 Pracncel Company law requires the trustees to prepare finanual statements for each finanoal year whith give a true and fair wew of the state of affairs of the Charity and of the incominB resources and applicatson of resources, Induding the Income and expenditure. of ihe Chanty for that year In preparin8 these finantral thtements. the trustees are required to selert Suttable accounmg poliues and theft appty them consistently ob$eNe the methods and pnnaples in the Charme$ 50RP make Judgements and e5tsrnaie5 that are re3wnable ènd prudent state whether appli¢able ac¢ountsn8 Standards have been fotlowed. subject to any materi31 departures disclosed and e¥plaine(I In the finanual statements. and prepare the financial siatements on the going c(>ncwn bays unless rt Is inappropriate to presume that the Charity will ¢ontsnue rts operaDons The tru5tee5 are re5pon51ble for keewng adequate accounThng records that disclose with reasonable accuracy at afiy knme the financial posiknon of the Charity and enable them to ensure that the financial statements comply with thè Companies Art 2006 They ale atso respon&ble for safe8uardJng the assets of the Chanty and hence for takin8 rea51)nab￿ step5 for the prevennon and deiecnon of fraud and other Irregularhtses The trustee5 are responsible for the maintenance and Inte8rrty of the charity and finanaal informatson Included on the Charitvs website Legislatron In the United ￿ngdoM Bovefning the preparatson and d15seminanon of hnancial statements may differ from lewslatton in other iurrsdictrons Di5c105ure of information to auditor Each of the trustees has confirmed that ihere Is no informatson of whith thy are aware which is relevant to the audit. but of which the audiior 15 unaware They have further confirmed that they have taken appropriate steps to Klentsfy Such relevant Fnformabon and to establish that the auditor ￿ aware of such informatron Small company provisions Th15 report has been prepared in a¢¢ordancewrth the speoal pr￿S￿rtS relatyn8 to small companies wthin Part 15 of the Companies Acl 2006 Approved by the Trustees on 3rd De¢ernber 2025 Parkirtso Chairrnan H D Lloyd Chief Executrve Officer WLFC Annual Report and Account5 2025 Independent Auditor's Report to the Members Of West Lancashire Freemasons, Charity Opinron Wt have audlted the financial stsiements of West iartashire Freemosons. Chanty Ithe 'chont3ble COM￿￿) frjf the ￿ar ended JI March 2025 whjch cornp¥ise the Statement of FinarKial AcDwtses. t Balance Sheet. the Ststement of Cash Fbws and notes to the financol statements, Includin8 518nffirant accounDn8 poSKie5 The financ ieporffinB l(amework that ha5 been applied in their ￿ePara￿On L% applKablè faw and Unired Kingdom Accountsng Standard5. Includin8 Financial RepomnE Standaid 102 The Finoncnl Repomn9 Stondord •ppIKoble in the UK ond Republic olirelond Iunrted Ki￿d0M fjefieralty on otherrnattèrs prescrlbed bythe Companjes Art 2006 Accepted ￿COuntrnB PracDcel In ovropnwn. based on the work undertaken In the course of our audit I the Informal￿n wven In the Iru51ees' report. which includes the | directors. re￿rt prepared for the purposes Of company law. for the financral year for which the finarflal statements are epared is consistent wth the financial statement5, and the dwettorg rèport inc14Jded withifi the trusiÈe3' report hès been prepared In accordarKe wrth applicable le8al I requirements material inconsistencies or apparent material Fntsstaternents, we are required to determine whether there Is a material misstatement in the finaiK*l ststements or a rnateflal missratement of the other Informanon If. based on ihe work we ha¥e performed, we contlude that there is a material misststement of ihis other Inform3tyon. we are reguiied to teport that fatt We have ￿￿hing to ieport in ihis fegar In our opinion, the fina￿la1 statements ¥ive a true and fair v*w of the state ol the chantable companvs zffaits as at 31 March 2025 and of its ir￿MIng resources and applrtaknon ol resouFces. for the yearihen e>￿ed. have been properly prepared In arcordance wrth Unrted Kingdom Generally Accepted ACCOUnOIi8 PracrKe, and have been prepared in accordance wrth the ￿quIrements of the Companies P£t 2006 Mattets on which wèare iewired to report by ex¢eptroft In the Iwht o* the knowledge and understanding of ihe charitable company aftd Jts environmenr obtained In the course ol the audit, we have not ￿entsfied maiecL41 misstatemènts Jn the trustees, report We have norhing to re￿rt In ￿SpeCt of the following matters In relatron to ￿kn￿h the Comp3nles Act 2[￿6 reouifes us to report tts you rf. In our opinton. adequate 3ccounttnE rEcort15 have not been kepL or returns I adeqvate for ¢￿r audii have not been received from branches Ot￿rted by us. or the finaFKial statement5 are not In agreement with ihe accounDnB records and returns. or t*rtain disclosures of trustees. ￿m￿nera￿on specified by law art ftot cnade.or we have rK)t recewed all the Informatson and expjanatsons we I rtqvire forouraudit. or the trnstees were not entTrtled to p￿pare the ftnantial statements In accordance with the small companies. re￿rne and tske a¢fv3ntage of the small companies. e¥ernpttons in preparinE the tft15tees' report artl from the ￿qui￿rn￿nt to prepare a Strateg¢ re￿rt oasis foropinjon We Condutted our audit accoidaficè wrth thtefna￿0Thal stsndards On Audthng IUKI IISAS IUKII and applicable law Oui res￿nSIbl￿eS under those standards are further described in the A¥Ortort Wea iodependent of the ch3ritable company In acCorda￿t wrth the ethKal r*quirements that ère relevant to our 3ULlit of the finarKial statements Ih the LhK, iThtludin8 the FRCS fthKal Standard. and we have fulfilled our othèr ￿th￿ttl respollsibiliDes In accordarKe ￿th ihe5e requi￿rnents We believe that the audit ev#k￿¢ we have obtained Is suffictent and appropnate to provide a bas15 for ouropinion Condusions relatsng togoing CorÈ￿M In audithnE the hnanc*l Matements. we have concluded that the tW5tees' use of the 8Otng corKern basis of acccrtJn)ngin the pteparatron Df the financial stateméntsls appropriate Bgsed on the work we have performed, we have not ￿entyhe￿ any material uncertaintres relattng to e¥ents or cOnd￿onS that. or tolletnvely. may cast Sl8nfficant doubt on the charrtable comparfs ability to wntsnue as a going Co￿ern for 3 Per￿ C*f at leam twthe M￿th$ from whèn ihÈ statements 3Te author15Èd for issue Our respDnsibilibes and the resp)ngbilive5 of the twstees Wlth respect to goin8 concern are described In the relevant 5ertrons of ihjs re[￿rt REsponsrbrlmes of Tnjslees As expl•ined more fully ifj the Statement of Trustees. Responsibilmes, the trustees, wlw) a￿ alsD the directo￿ of the charitsble company for the purwse of cornpany law. are responsible lor the preparawsn of the firta￿al ststement5 aNd for being 5atssfied that they 8i¥e a true and fair ¥w. and for such internal control as the trustees deterrnine Is necessary to enable the preparat￿n of fina￿al siaiements that are free frvm mater*1 mL4Statement. whether due to fraud or error Other Infoimatroh The trustees are respon*ble for the other informatson The other Inform?tron comprtses the InFormaTron I￿￿ded in the anntsal reFKJrt other than the financial statements and our auditorfs report therec¥n Our opinion on the financial ststerrents does noi cover the other Intormatson and. ekcept to the exrent otherwise expliciity stated In our port. we do notexpressan¥form of assurance to￿1￿￿0 tt*reo In P￿p?￿n8 the hnanual statements. the trusi*es are responsible for 5sesgn8 the charitsbie cDrnp)nW> ability t(> connnue as 3 gobni | COn￿rn. dtsclosin& as applicable. matters re￿ted 19 8oin8 concern and I U51ng the going contèrn basis ol accounthnE unless Ihe trustees eiiher intend to I￿￿thte ihE ch3rrtable company OT to cease opetsknon5. or have no realistrc alternatwe but to do In CDnnec)on with our audit of the finanoal siaiements, our resportytsility 15 to read the other informatson and. In do￿8 so. con5thr whether the other informatyon is mater*lty inconystent with the ftnancial statements or ovr knowledge obtained in the audrt or othefWSSè appears to be matenally misstated 11 we s￿h 7 WLFC Annual Report and Accounts 2025 Independent Auditor's Report to the Members Of West Lancashire Freemasons, Charity Auditorf5 respon51bilitses lortht aydrt of thefinanuaj Aai¢ments Our Objec￿eS are to obtain reasonable assurance about whether the There I￿ IAhereni Imita￿Tr5 In our audrt procedures described above financial statement5 as a whole are free from materwl m￿Statement. The rnore rernoved that law5 and reiula)¢)ns are from financial transac whether due to fraud or error, and to Issue audrtorf5 rewrt that Ons. the *ss Iikefy If 15 that we would becorne 3ware of noTrcompliance Include5 our opinion RèaSona￿e assurance Is a htgh ￿ve1 of assurarKe. Audit st¥nLSards also Iimrt the audii Procedures reguired to idenDfy no but Is not a guarantee that an audrt con(Jutted In accordance wrth ISAS complwnce with laws and regulaoons to enquiry ol the direttors and oth IUKI will always detett a mèter*l misstatement when ff extsts er management and the insFethon of regulatory and legal correspond Misstaiements can arise from loud or eiror and are considered matenal erKe, rfany If. Indiv￿VallY or In the agg￿83tP. they could reasonabty bE expected to Influence the etonom* deosK)n5 of users taken on the b3sts of ihese Matenal mwtsternents that arise due to fraud can be harder to dete ftarKtal statements thart those that anse from error as they may tnvolve deliberate corKeal nt or collUs￿n Irts8ul•ntyes, Ineluding fraud. ?re Instances ol non-comphaTr¢e wrth Liws and regulatsvns We desffjn procedures in line wrth our responsiknlrtres, A fvrther de5thpTron of our reSpo[￿l01[￿￿ Is available on the Financia ouilined above. to deteu rnaterial mts5tatements In respett of RepomnE ncif5 websrte at https //www frc 0￿ Irregvlarines, Including fraud The extent to which our wocedures a Uditors￿Sp0nSiknIthes Th15 descriptron forrns part of our audito¢s report capable of dètethnK Irre8ularitte$. including fraud. Is detriled beh)w Use 0f￿r Aeport Thss fep)rt 15 made solety to Ihe cornpanvs ffiernbets. as a IK)dy. In ac cordance wrth sectron 3 of pan 16 of the CompanE5 Att 2006 Our audi work has vrtdertaken so thatwe rnight state to the companTrls mem betstho* m)tters we are reqvireLI IQ State to them In an auditorl repo and for ro oiher purpose To the fulle￿ exteni permitted by law. we d noi accept or assume responsibility to afiyone other than the tompan nd the ¢ornp3nV5rnember5 as a bLKly, for Dur audit WDrK forthts report, or for the opnions we have formed 8ased on our understanding of ihe chantable company and sector. we Identsfied that the princjoal risks on TrOn4tomplience with laws and reEulatrons related to, but were not Iirnited to. the CoM￿nieS Att 2(lJ6. l The Charines Art 2011 and Health and Safety legsktron and we Cor15￿ered the extent to which r¢on-complkin¢e m¥hl have a matenal effect on the financ*1 ststements WE also considered ilK)se laws and egulatrons ihat have a direct impact on the p￿paI?￿on of the finaKwl stètemonts 5u¢h as the compan￿ act 2006 W* evaluated manazemenf5 wKeMves and OPFOrtvnJknes for fraudvlent manipulatton of the thnanoal ststements Iincludingthe nsk of chr￿aPher Moss BS¢ FCA Isenior Stattbtory Auditor) override of controls) and deterrnined thai the pnncipal *isk5 were tOT and on ￿hall of J5 Audit knmited related to management bias In atcountrng esbmates and wdyments Chartered Arcountsnts and the risk of fraud In revenue re£o8nthon StatutoryAydrtor Our procedures to ￿SpOnd to nsks identsfied i￿1¥ded the folkn￿ Rev*wing the financial statement discbsures tesDnK to svppor•ng docu1￿r>t?￿0n to assess CoMp￿8n￿ wrth of rèlevant laws and regulattons described as having a direcl effea on the financ*1 51atemenis, En4uiring of rnanagernent about actual and potentsèl I￿8a￿On and cla1rn5. their polJc*s and procedures to prevent aod detert fraud as well as wheihEr they have any know* of any actual. susptctel or alleged fraud, Perfomin£ analyiKal procedures to Identsfy any y￿$￿al or unexpettetl relaDonship5 that mhy Indicate rtsks of rnatenal misstatement due to fraud. Readin8 minutes of meetrngs of those Charged ￿1h governance, Obtaining an unde￿tanding of pro￿$￿n$ and holths¥ discus510n5 Wlth rnanagement to understand the baw ol retogninon or non-recognithon of provIs￿n$. and In addressing the r￿k of fraud through mana8emeni ovemde of controls testrng the èppropnatene55 of Jovrnal entne5. z¥es*ng wheiher the accounbnÈ estrrnatE5. Judgements and deciyons rnade by rnanagement are IndKaD%oe of potennal bia5. and evaluaJn8 the business ranonale of ary srfntficant tTan54cbon5 that are unusual or outside the nomal coutse of busines5 rJ£ Ad4 kn,., 3rd Dectmbor 2025 James House Stonecross Busine$5 P)rk Yew Tree Wav WarrJn8ton Cheshi WA3 3JD We also eommuTrKated ￿leva￿l iderttyfied laws and ￿gUlatIonS and potenbal fraud risks to all engagemènt team m?rnbets and remained alert to any IndKatsons of fraud or nO0￿MplI3￿ wrth laws and reguktrons throuBhout the audsr WLFC Annual Report and Accounts 2025 Statement of Financial Activities Including Income And Expenditure Account for the Year Ended 31 March 2025 Unrestricted Funds 2025 2024 INCOME AND ENDOWMENTS FROM DonJtson5 and le8a¢ie5 151.731 289.656 Invèstments $00.665 524.743 TOTAL INCOME AND ENDOWMENTS 652396 814.399 EXPENDITUREON R?￿ing fvnds 75.455 Charitsble actwthes 542290 471.611 TOTAL EXPENOITURE 622.618 S47,OS6 Net gains on d15PJ5al of Invellment assets 91.677 Vnrealised garn5 on Investments 23251 964.928 NET INCOME I NEf fvlOVEMENT IN FUNDS 12a823 L323,584 RECQNCILIATION OF FUNDS Total fvnds brou8htforward I8,991￿1 17.667.123 TOTAL FUNDS CARRIED FORWARD 19,114.884 18,991,061 The Statement of F•nancial ActNithes includes all gain5 and losses reco8nised In the year All of the above amounts relate to conbnuing artiwtses The Statement of FI￿ar￿al ActMDe5 also complie5 With the reqvirements for an income and expenditure account under the Companie5 Act 20C6 The notes on pa8es 12 to 19 fom) part of these finanaal statements WLK Annual Report and Accounts 2025 Balance 2025 2024 Note FIXED ASSETS Tangjble Fixed Assets 411816 424,611 InvÈstmentS 17.939.433 17.925,716 TOTAI FIXED A5SEIS 18,351,249 18,350,327 CURRENT ASSETS Debtors io 49.199 69,690 Cash on depos 663.594 1,176 Cash at bank 194.494 664,010 907.287 734,876 CREDITORS Amounis falling due wlthin one year li 1144,6521 194,142) NEf CURRENT ASSETS 762.635 640.734 TOTAL NET ASSEFS 19.114.884 18,991,061 FUNDS OF THE CHARITY Total vnFestrJrted fvnds 19.114.884 18.991,061 These financial statement5 have been prepared In accordance with the pro¥wons applicable to companies subject to the small companies re8ime within Part IS ofthe CompaniEsAct 2W6 Afir* JtA 3 rA L£ . J Parkinson Charrman Baines Trustee P L M¢Lachlan Ch￿f Finanaal Officer The note5 on pages 12 10 19 form part of these finantsal statements 10 WLFC Annual Report and Accounts 2025 St,at,ement 2025 2024 Note CASH FLOWS FROM OPEAATIP4G AcfiviTIES et provlded by/lused inl opwabry a¢ty¥tD•5 1388mil 1324,49SI CASM FLOW5 FROM INveSTING ACTivmES Dwidends and Interest lrnm Inve5trT*nts s￿.665 524,743 Purthase of equipment pr￿eedS from sale of Investments 1.776.676 2.923,63Z Purchase Of In¥estments IIA41.1921 12,994,705) Net ush provided by Ilused In) In¥estsn8 •C¢MDts 636.149 453.670 Change in cash and cash equivalents In the reports￿ pernd 248.058 129.175 Cash and ush eqyivaknts at rhe ie8innity ol ihe ￿pOr￿￿ penod 1322.668 1.193.493 Cash and cash e4yivalents 3t the end ol the rewirtsng peno 1570.726 1.3ZZ.668 The noteson pages 12 to 19 form part of these finanoal statements WLFC Annual Report and A￿OUnts 2025 li Noties l. Accounting policies Charitable expenditure Di￿rt charitable acttvity expefiditure Indudes all expenditure incurreLI in the prowsion of ¢haritable sernces. togeiher with support costs. In pursuance of the tharity'5 obiecDves Charity Information West Lanca5hire Freem•son< Charity ts a pnvate company Imxited by guarantee incorporated England and Wales The reg￿tered office Is 2 Paramount Business Park, Wi150n Road. Hu￿ort. Liverpwl L36 6AW Grants payable are payment5 made to third parknes In ihe furtherance of the charitable objects Funds are aN¢¢ated in accordance with the obJectr¥es set out on page 2 Actountlng convention The accounts have ljee prepared In accordante wrth the charivs memorandum and arTr¢les of associahon. the Companie5 Act and "AccountrnB and Reportsng by Chantses statement of Recommended PracD¢e appficable to charitses preparing their accounts In accordance ih the Finanoal ReporhnB Standard applicable In the UK and Republic of Irelantl IFRS 1021- as amended for accounttng peritxls commenon8 ffom l January 2019 The irrecoverable element of VAT Is Included with the Item of expenses tD which It relates as this cannot be recovered by the chanty Expenses are allotated based on a detailed ass6sment of the relatrve a¢tswty Tangible ffixed assets Tangible fixed assèts art measured at e05t, net of depreaknon and any Impairment lossès Individual assets cosrJn8 E2.5W or more are capitaljsed at The trustee5 have reconsidered the useful economK lifÈ of the long leasehold property and assessed this to be 50 years father than the 125 years prewously rtated The impatt of this has been to increase the annual depreciatron charge 8tyng forward by £7,978 The ¢harrty Is a Publrf 8enefit Entsty as defined by FRS 102 The accounts are prepared in sterlin& which 1$ the functronal currency ol the ch4nty IAonet4ry amounts in these hnancial statements are rounded to the nearest £ Depreoatbon Is pro￿{led on a Siraoht line basis on tangible hxed assets which are wntten off over the￿ u$eful economic life as below.. Long Leasehold Property 50 years Office equipment S years Computer equipment 4 years The accounts have been prepared under the historical cost converbnvn modihed io indude certain financ131 Instruments at fair value The ac(ounttng policies adopted are setout below Flxed asset Investments Imiestments are state(l at market value as at the balano sheet date The Statement of Financial Athvrties tndudes the net Eairt$ and losses arising on revaluabon and d15posals throughout the year Income and endowrnents Voluntary Income including don3￿￿S and grfts afe reeognised In the period irt whith they are received by the chanty Such incorne 15 only deferred when the charity has to fulfil ￿nditiOnS before becoming entstSed to it or where the donor 5petified that the Income 15 to be expended its a future per￿1 In accordancè with this policy. le8aoes are induded vthen receNed by the chanty Rea115ed gain5 and losses All 84ins and 1055e5 are tsken to the Statement of Financial ArtJwtse5 a5 they arise Realised 8ains an losses on investments are calculated as the difference between the sales proceeds and opening market value or purchase cost. If later Unrealised gains and losses are calculated as the differen¢e between the market value at the year end and openir4 market value or purchase cost If laiei Expenditure on raisingfunds The costs consh5t of investrnent management fees Funds accounting I funds held by the charity are funds which can be used in accordance with the charitable objects at thediscrebon of the trustees 12 WLFC Annual Report 8nd Accounts z025 Notes to the Financial Statements Taxation The charity benefits frorn ¥arious exempknons fftim taxatson afforded by tax le8151aknon and Is not liable to corporatson tax on Income or gains fallin8 Wthrn those exempthon5 Reco¥ery Is made of tax deducted from Jncome and from receipts under Gift The tharity Is not able io recover Value Added Tax E¥penditure 15 recorded in ihe ac¢oun15 Induwe of VAT as recewable ￿thin one year are not aMOr￿ed 8oslcfinoncial liabllities Bèsic financial liabilitses, are irtitsally recognised at transactton prite unless the arrangèment tonststuies a hn3nciThg transathon. where thè debt Instrument Is measured at the present value of the fvture payments discounted at a market rate of Interest Financial Iiabiltknes classified as payable withjn one year are not amorttsed Debt Lf15tntments are subseqLtentl¥ carned at amornsed 05¢. ugn¥ the effectsve Inteiest rate rnethod Trade ￿ditOrS are obligaDons t¢J pay for goods or 5ernces that have been acquired In the ordinary course of operatron5 from suppliers Amounts payable are clas51hed as current Iiabilitres Jf payment is due within one year or less If not, they are Presented as non+rurrent knaknlitte5 Trade creditors are recognised Inibally at transathon prKè and subsequently measured at aM0￿se￿ cost ￿￿n& the effethve Interest method Charltable funds Unrestricted funds are awailable for use at the discretson of the Trnsiees In furtherance of their tharitablè obJethve5 unle55 the funds havè been dest8nated for other purposes Going concern At the thme of approving the accounts. the Trustee5 have a reasonable expettètron that the tharity has adequate resource5 to conknnue irt operatronal existence for the foreseeable future Thus the trustees conbnue to adop( the going concern bas￿ In preparin8 the accounts Derecognilion offinanclal liabillties Financial liabiline5 are dereco8n15ed when the Charitvs contfactual obligatron5 expjre or are discharged or cancelled Cash and cash equivalents Cash and rash equivalents include cash irt hand. deposits held at call with banks. other short term liquid InvestrnentS Wlth on8inal maturmes of three months Of less and bank overdrafts Critical accounting Judgements In the applicatson ol the Charivs accountsn8 poIKie5. the Trustees are require(J io make Judgements. esDmate5 and assumptrons about the carrying amount of assets and Iiaknlitres that Bre noi readily apparent from other sources The esnmates and a550aated assumptrons are based On historiral experrence and other factois that are COns￿ered to be relevant Actual resvlts may differ fromthese estsmates estimates and Flnancial instruments The Charity has elected to apply the wowsions of sethon li ~8asic Finartcial Instruments- and SEthon 12 -other Financial In5trurneni 155ue5- of FRS 102 to all of its finanual Instruments Finanoal Instruments arè recoBnised In the Charit¢s balance sheet when the Charity becomes party to the contractual provisrons of the Instrument Finanual assets and Iiabilitres are offset. with net amovnts presented In the financial statements. when there Is a legally enforceable n8ht to set off the recognised amounis and there 15 an intentron to settle on a net basis or to real￿e the a55et and settle the liability simultaneous The esbmates and underlying a55umpnons are rwewed on an ongoing basis Revisions to accountrng estrmate5 are recognised In the period In which the estrmate Is revised where the rewsion affects only that pen¢xI, or In the period ol the revision and future peTiods where the rewsion affects both current and fvture penods 8oslcfinonaal ossets Basi¢ financial assets, which Include debtors and cash and bank balances. are Inittally Measu￿ at trnnsathon price 5ncludin8 tr3ftsatr￿ costs and are subsequenily ¢arried at amorb5ed cost Usin8 the effethve Interest method unless the arrangernent constrtutes a financing transathon. where the transactson Is meas¢Jred at the present value of the futufe receipts discounted at the market rate of Interesi Finanoal assets dasstthed The trustee5 dc* not consider there to be any ¢ritscal estsmates or Jud8ements In relatron to the preparatson of these financial statements. apart from the trustees. esknmate of the useful economic life of thè long leasehold property snduded In note WLFCAnnual Report and Accounts 2025 13 Notes to the Financial Statements Donation5 and legacies 2025 2024 Donalions General 124.946 192,977 Gift aided donanons 21.428 39.632 Re¢o¥erable rncome lax 5.357 Lesacies Le8acies 47.139 ISl,731 289,656 3. Income from investments 2025 2024 Income from listed Investments 487,037 515,000 Bank Interest re￿1¥able 13.628 9,743 524,743 14 WLFC Arhnual Report and Accounts 2025 4. Expenditure on raislng funds Z025 2024 Investment managers, fees 80,328 75.455 Expenditure on charitable activlties 2025 2024 Grants paid Freema50n$' support 118A97 113.669 Widows. support 110.505 110,904 Non-masonic grants Inote 61 198.862 156.486 427.864 381.059 Support Costs Rates & water 8,518 8.468 Heatsng, Iwhtin8 and Insurance Telephone 9.194 2,579 2.766 2,846 Postage, staknonery & prinknng Trwelling expènses Computer eKpeTh5es 4.548 4,789 8252 8.859 52.801 35.409 Office maintenance and repatrs Bank charges Other costs 4.809 9.995 1,067 1,004 1001 694 Depreciatron 11,795 3,817 Audrtorfs iemuneranon s￿75 9.225 Promotsons 2.867 114,426 90,552 542.290 471.611 WLFC Annual Report and Attounts 2025 Notes to the Financial Statements Non Ma50nic Grants Foodbank5 H Blackpool Scout Group Gaskell Memorial Hall Lifelites Claire House Lilelites Brian House Zoes Place Heartbeat NW Cardiac Prosiraie Test K Grants under £JO.CiXI 51.C(10 15,OOD 18,2C 25,0 25,OCKI 25,000 19,5CQ 11,112 9,050 198P62 Trustee remuneration and related party transactions The Trustees re¢eNed neither remuneratron for thL¥r services nor rwmbursement for travel expenses in the year12024 £nill Key ManaBement are all ¥olunteer5 and did not recave remuneratron during the year12024 £nill Volunteers are reimbursed travd expenses dunng the year No trustee or other person related to the thanty had any personal Interest in any iransactron entered Into by the charity dunn8 the year12024 £nill Tangible Fixed A55ets L&isehold Properry Computer Equipment Total Equlpmenl At cost ai start of year AddiDons dunn8 year 477.092 29.746 6Z.932 569.770 At C05t at end of year 477.092 29.746 62,932 $69.770 Deprea0t￿n at start of year Dtpretsabon dunng year 52A81 29.746 62.932 145,159 IL795 11.795 Depretsatson at end of year 64.276 29.746 61932 156.954 Net Book Value at 31st March 2025 412￿16 412.816 Net Book Value at 31st Mafth 2024 424.611 414,611 WLFC Annual Report and Accounts 202S 16 Notes to the Financial Statements Investments Movement in market Value 20 2024 Markei Value at 1st April 2024 17,925,716 16.953.999 ACquisrt￿nS at tost 1.641.192 2,994.705 D￿pOSal at opening book value Ii.y05.882) 23.251 12,831,955) Net 8ains on revaluations In the year ended 31 March 2025 Net movement ift cash held for In¥e5tment 964.928 55.156 1155,961) Market value ai 31 M8rch 2025 17.939.433 17,925,716 HJsiori¢al cosi at 31 March 2025 15.515,309 15.124,795 Anal￿5 of Investments at 31 March 202S 2025 2024 Listed investments Quoted Investrnents 17226.795 17.268.234 Other Investments UK Cash held by Rathbone Investment Management as part of Portlolio 712.638 657,482 17.939.433 17,925,716 17 WLFC Annual Report and A¢counl$ 2025 Notes to the Financial Statements 10. Debtors Amounts due wjthin one year 1025 2024 Income ta¥ recoverable 29,490 Prepayments Attrued Interest 40.713 40.200 49.199 69,690 11. Creditors: Amounts falling duewithin one year 2025 2024 Other creditors 4J65 14.604 Accruals and deferred Income 140.187 144.652 94.142 WLFC Annual Report and Accounts 2025 18 Notes to the Financial Statements 12. Retonclliation of Net Incornel(Expenditure) to Net Cash How from Operating Activities 2025 2024 Net In¢ome/lExpenditurel lor the Repo￿￿$ Penod las per the Statement of Flnancial Acttvithesl 1,323,938 Adjustmènts for Depreoatton charges 11.795 3,817 194.0451 11,056.6051 1500.6651 1524.7431 138.6091 132.2931 IGainsllLosses on Investments Diwdends and Interest from Investments Ilncreèselldecrease In debtors IDecreasellin¢rease In creditor5 20.491 SO,510 Net Cash used In Operating Acty¥ithes 1388.0911 1324,4951 13. Analysls of Cash and Cash Equivalents 2025 2024 Cash on deposit 663.594 1,176 Cash at baftk 194.494 664.010 665.186 Cash held as part of the in¥estrnent ptsrtlolio 712ffi38 657.482 Total Cash and Cash E4uwalenis I.S70,726 1,322.668 14. Company Limited By Guarantee West lancashire Froemasofis, Chanty Is Incorporated under the Companies Act as a company limited by guarantee The118bility of the member5 15 Iimiied io El 19 WLFC Annual Report and Accounts 202S Lanc8shire Freeniasons Paramount Business Wilson Huyton Liverpool Charitv 0151 Website. http //wwbV.westlancsfreemasons.org.uk