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2025-09-30-accounts

Docusign Envelope ID: 01A4E4F1-E0DE-4257-B326-62D6DE464917

Registered number: 00399211 Charity number: 212073

WEST RIDING MASONIC CHARITIES LIMITED

(A company limited by guarantee)

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Docusign Envelope ID: 01A4E4F1-E0DE-4257-B326-62D6DE464917

WEST RIDING MASONIC CHARITIES LIMITED

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Company, its Directors and advisers 1
Chairman's statement 2 - 3
Directors' report 4 - 7
Independent auditors' report on the financial statements 8 - 11
Statement of financial activities 12
Balance sheet 13
Statement of cash flows 14
Notes to the financial statements 15 - 32
The following pages do not form part of the statutory financial statements:
Detailed statement of financial activities 33

Docusign Envelope ID: 01A4E4F1-E0DE-4257-B326-62D6DE464917

WEST RIDING MASONIC CHARITIES LIMITED

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS DIRECTORS AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Directors Mr D R Kilbride, Chair
Mr N Doyles (resigned 5 May 2025)
Mr R T Lodge (resigned 8 September 2025)
Mr P L Doherty (resigned 14 October 2024)
Mr K A Bradley
Mr I Wright
Mr G E Blackburn FCA
Mr G D Hoyle
Mr P Nash
Mr G Fuller (appointed 16 December 2024)
Mr A Braithwaite (appointed 6 May 2025)
Mr R J Campos (appointed 8 December 2025)
Company registered
number
00399211
Charity registered
number
212073
Principal office and
registered office
20 Castle Grove Drive
Leeds
LS6 4BR
Company secretary
Mr G J Shiers
Independent auditors
AAB Audit & Accountancy Limited
Statutory Auditor
Gresham House
5-7 St Pauls Street
Leeds
LS1 2JG
Bankers
Barclays Bank Plc
10 Market Street
Bradford
BD1 1NR

Page 1

Docusign Envelope ID: 01A4E4F1-E0DE-4257-B326-62D6DE464917

WEST RIDING MASONIC CHARITIES LIMITED

(A company limited by guarantee)

CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2025

The chairman presents his statement for the year.

West Riding Masonic Charities Ltd (WRMCL) has continued to progress with its reorganisation following the successful amendments to the Articles of Association in September 2023. The Board has seen considerable changes in the strategic management of Care and Support (C&S) operational facilities, primarily due to the resignations of two experienced directors during the year.

Nicholas Doyles resigned following his appointment as an Assistant Provincial Grand Master at the Provincial Annual General Meeting in May 2025. On behalf of the Board and Members of WRMCL, we extend our sincere congratulations on this prestigious role, and on his appointment alongside Ian Wright as a Provincial Representative on the Masonic Charitable Foundation (MCF) committee. Additionally, Raymond Lodge stepped down owing to health concerns. He made significant contributions to the development of the Home Improvement Application (HIA) facility within the Care and Support team. We thank him for his dedicated professionalism and wish him a swift recovery.

To ensure continuity, the Board appointed Adrian Braithwaite in May 2025 and Richard Campos in December 2025 as Directors. Paul Nash succeeded Nicholas Doyles as the Lead of the C&S team, while Adrian Braithwaite assumed responsibility for managing the HIA facility, succeeding Raymond Lodge. Furthermore, with Richard Campos's appointment, Raymond Wolfson has been appointed as a co-opted member of the Board.

The Board’s structure has been further enhanced by inviting members from the Province of Yorkshire West Riding to contribute their professional expertise, thereby strengthening succession planning. We are pleased to welcome Tim Elsworth, Kay Olutayo, Martin Wright, and Martin Clift, whose extensive experience will be invaluable to the Charity’s management.

Ongoing restructuring positions WRMCL well to support new Community service initiatives announced through the UGLE’s Third Pillar strategy and the Provincial strategy set forth by the Provincial Grand Master. Solid foundations have already been established via the West Riding Masonic Community Fund, including strong relationships with the Lord Lieutenancies of South and West Yorkshire, also talks are progressing well with North Yorkshire, which partially aligns with our Province’s boundary. Productive discussions are nearing completion with Leeds City Council to collaborate with local organizations identified by the council in alignment with criteria agreed upon with the Lord Lieutenancies.

We appreciate the continued support of the brethren for the designated West Riding Masonic Community Fund, especially during the festival period, noting that 25% of festival donations are intended to be returned to the Province. This ensures ongoing support for local organisations that may not qualify under certain MCF criteria, reinforcing our commitment to serving the Province of Yorkshire, West Riding community.

The West Riding Masonic Care and Support Fund, managed by our dedicated care and support officers, continues to operate at full capacity, providing financial and material assistance expediently and efficiently. Our Welfare Officer has excelled in securing income maximization from government and state allowances—a confidential process accounting for approximately £1.7M processed over the last four years.

WRMCL remains proud to support the YWR2028 festival, donating £200,000 on behalf of the brethren and their families at the festival’s launch. We also manage ongoing regular donations and facilitate transfers, including gift aid where applicable, to the festival relief chest.

This process has ensured the continued recognition of WRMCL Patronage status, with certificates distributed to individual Brethren and Lodges. Diamond Patron Certificates have been presented by Directors or board representatives to Lodges and Chapters achieving the highest levels of generosity.

The TLC scheme, distributing Teddies to children through volunteers, has reached another milestone of 250,000 teddies since 2008—a significant event celebrated at Leeds Children’s Hospital in October 2025. Donations supporting the West Riding Masonic TLC fund are much appreciated, particularly during the festival period, enabling us to provide comfort to children at 17 hospitals, 4 hospices, other organisations including the Yorkshire Air Ambulance during challenging times.

Page 2

Docusign Envelope ID: 01A4E4F1-E0DE-4257-B326-62D6DE464917

WEST RIDING MASONIC CHARITIES LIMITED

(A company limited by guarantee)

CHAIRMAN'S STATEMENT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

The Annual Report and Accounts for the year ending 30 September 2025 indicate a positive recovery within financial markets. Following a comprehensive tender process, Brown Shipley has been reappointed as managers of the WRMCL investment portfolio.

Under the leadership of the Financial Director, the finance team has worked diligently together to ensure that the future financial structure is appropriately aligned with the ongoing uncertainties and requirements affecting all charitable organisations.

It is gratifying to note the tremendous work undertaken by the Directors and Board members throughout this period for both members and dependents within the Province, as well as affiliated organisations including the recent donation to the Rob Burrow MND centre which facilitated two fully furnished quiet rooms. On behalf of my Board colleagues, I extend thanks to the Provincial Grand Charity Steward and his team both in Craft and Chapter for their efforts in promoting generosity, and to the Provincial Grand Almoner and Area Assistants for assisting members and dependents in need.

To our WRMCL members the Charity Stewards: your unwavering support and enthusiasm are vital to the continuation of our charitable work for all brethren. The Directors and WRMCL team remain committed to providing essential and immediate assistance to all those in need across the province, both during festivals and beyond.

Finally, I would like to formally inform WRMCL members that I will be stepping down as Chairman at the Full Board meeting on Monday, 2nd March. It has been an honour and privilege to serve in this capacity since 2021, following in the footsteps of many esteemed predecessors. During my tenure, WRMCL has introduced substantial changes to its management structure and governance, laying strong foundations to support the ongoing needs of Masonry, particularly within this Province. I extend my sincere gratitude to all Members and brethren for their unwavering support—not only during my chairmanship, but throughout my longstanding association with WRMCL.

Duncan R Kilbride Date: 16 January 2026

Page 3

Docusign Envelope ID: 01A4E4F1-E0DE-4257-B326-62D6DE464917

WEST RIDING MASONIC CHARITIES LIMITED

(A company limited by guarantee)

DIRECTORS' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025

The Directors present their annual report together with the audited financial statements of the Company for the from 1 October 2024 to 30 September 2025. The Annual report serves the purposes of both a Directors' report and a directors' report under company law. The Directors confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

Principal activity

The principal activity of the company continues to be the provision of relief to freemasons and their dependents within the Masonic Province of Yorkshire, West Riding, and the support of National Masonic Charities, non Masonic charities and other worthy organisations by the making of grants and donations.

Volunteers

The company benefits from the efforts of many unpaid volunteers amongst its members in raising funds and in assisting in the monitoring of beneficiaries.

Public benefit consideration

The directors confirm that they have referred to the guidance on public benefit issued by the Charity Commission when reviewing the aims and when setting the grant making policy. The activities carried out for public benefit may be categorised into Community, Health and Youth Organisations.

Achievements and performance

Performance

Donations received in the year were £612,820 (2024 - £479,290).

Grants paid out in the year totalled £799,408 (2024 - £828,971).

Brown Shipley were reappointed as investment advisor following a tender process. The investment objective is to maintain a portfolio of quality investments which are able to provide long term growth together with an increase in income. Having regard to the difficult times the directors consider that the results for the year are satisfactory. During the year Brown Shipley charged fees of £36,936 (2024 - £35,398).

The company was formed to undertake the charitable activities of Provincial Grand Lodge of Yorkshire, West Riding (PGL). PGL is a connected party. From 1 October 2011 PGL ceased to charge the company in respect of the provision of services provided as a result of shared facilities and support costs.

Fundraising

The directors are aware of the Fundraising Regulations but due to the nature of the donations made by WRMCL, consider them not appropriate to the organisation.

Page 4

Docusign Envelope ID: 01A4E4F1-E0DE-4257-B326-62D6DE464917

WEST RIDING MASONIC CHARITIES LIMITED

(A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Financial review

Going concern

After making appropriate enquiries, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Reserves policy

The directors are of the opinion that the existing reserves are appropriate to allow WRMCL to continue its activities. Of the total reserves £9.1m are held in unrestricted funds and are held for future use at the discretion of the Trustees, including £5.5m designated for the West Riding Masonic Care & Support Fund.

Financial review

During the year the charity has made a net surplus of £375,106 (2024 - £497,523). Total reserves at 30 September 2025 were £9,280,196 (2024 - £8,905,090) as detailed in the financial statements on pages 12 to 32.

Investment Policy and Performance

Brown Shipley manage the portfolios on a Balanced Mandate. Returns from a Balanced portfolio will be sought by way of a combination of capital appreciation and income. There is a medium risk to capital. The portfolios are well diversified across different asset classes including fixed interest, equities, alternatives and cash. The equity weighting is broadly 67% which is commensurate with the Balanced Mandate. The portfolios have exposure to UK and overseas equities and there has been a gradual increase in the overseas equity weighting over the period in question. There are no explicit investment restrictions, although no holding is to exceed 5% of the portfolio's value. The portfolios continue to be managed on a long term time horizon.

Structure, governance and management

Governing document

The charity is constituted as a charitable company limited by guarantee. It was incorporated on 8 October 1945 and registered as a charity on 21 February 1963. The governing document is the Memorandum and Articles of Association.

Recruitment and appointment of directors

Each director will serve a term of office of three years with a maximum of three terms of office after which they cannot seek re election for a period of twelve months. The board shall manage the retirement and appointment of directors so that no more than three shall retire in any one year. On appointment each director is given appropriate training and is encouraged to review guidance given by the Charity Commission.

Risk assessment

The directors have established a Compliance Committee to monitor corporate governance issues appertaining to the company and the financial controls. The directors have reviewed the risks associated with the company's operations and are satisfied that adequate procedures are in place to manage those risks.

Page 5

Docusign Envelope ID: 01A4E4F1-E0DE-4257-B326-62D6DE464917

WEST RIDING MASONIC CHARITIES LIMITED

(A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Plans for future periods

The Charity intends to continue its current activities subject to satisfactory funding arrangements. Following the approval by the members at the 2015 Annual General Meeting, the facilitation of independent living will continue to be at the heart of the company's activities through the West Riding Masonic Care and Support initiative.

Members' liability

The Members of the Company guarantee to contribute an amount not exceeding £1 to the assets of the Company in the event of winding up.

Statement of Directors' responsibilities

The Directors (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Directors to prepare financial statements for each financial . Under company law, the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Directors are required to:

The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditors

Each of the persons who are Directors at the time when this Directors' report is approved has confirmed that:

Auditors

The auditors, AAB Audit & Accountancy Limited, have indicated their willingness to continue in office. The directors will propose a motion appointing the Auditors at the Annual General Meeting to be approved by the Members of WRMCL.

Approved by order of the members of the board of Directors and signed on their behalf by:

Page 6

Docusign Envelope ID: 01A4E4F1-E0DE-4257-B326-62D6DE464917

WEST RIDING MASONIC CHARITIES LIMITED

(A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Mr D R Kilbride Director Date: 16 January 2026

Page 7

Docusign Envelope ID: 01A4E4F1-E0DE-4257-B326-62D6DE464917

WEST RIDING MASONIC CHARITIES LIMITED

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WEST RIDING MASONIC CHARITIES LIMITED

Opinion

We have audited the financial statements of West Riding Masonic Charities Limited (the 'charitable company') for the year ended 30 September 2025 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Directors with respect to going concern are described in the relevant sections of this report.

Page 8

Docusign Envelope ID: 01A4E4F1-E0DE-4257-B326-62D6DE464917

WEST RIDING MASONIC CHARITIES LIMITED

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WEST RIDING MASONIC CHARITIES LIMITED (CONTINUED)

Other information

The other information comprises the information included in the Annual report other than the financial statements and our Auditors' report thereon. The Directors are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Directors' responsibilities statement, the Directors (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Directors are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Directors either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 9

Docusign Envelope ID: 01A4E4F1-E0DE-4257-B326-62D6DE464917

WEST RIDING MASONIC CHARITIES LIMITED

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WEST RIDING MASONIC CHARITIES LIMITED (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks within which the company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006 together with the Charities SORP (FRS102).

We identified the greatest risk of material impact on the financial statements from irregularities including fraud to be:

Our audit procedures to respond to these risks included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Page 10

Docusign Envelope ID: 01A4E4F1-E0DE-4257-B326-62D6DE464917

WEST RIDING MASONIC CHARITIES LIMITED

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WEST RIDING MASONIC CHARITIES LIMITED (CONTINUED)

Susan Seaman BA FCA CIOT (Senior statutory auditor)

for and on behalf of

AAB Audit & Accountancy Limited

Statutory Auditor Gresham House 5-7 St Pauls Street Leeds LS1 2JG

16 January 2026

Page 11

Docusign Envelope ID: 01A4E4F1-E0DE-4257-B326-62D6DE464917

WEST RIDING MASONIC CHARITIES LIMITED

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Note
Income and
endowments from:
Donations and legacies
5
Investments
6
Total income and
endowments
Expenditure on:
Investment
management costs
7
Charitable activities
9
Total expenditure
Net
(expenditure)/income
before net gains on
investments
Net gains on
investments
Net
income/(expenditure)
Transfers between
funds
18
Net movement in
funds
Reconciliation of
funds:
Total funds brought
forward
Net movement in funds
Total funds carried
forward		 Unrestricted
funds
2025
£
93,561
143,252
236,813
36,936
310,481
347,417
(110,604)
650,410
539,806
(135,606)
404,200
8,711,771
404,200
9,115,971		 Restricted
funds
2025
£
519,259
908
520,167
-
691,717
691,717
(171,550)
-
(171,550)
147,569
(23,981)
48,486
(23,981)
24,505		 Endowment
funds
2025
£
-
6,850
6,850
-
-
-
6,850
-
6,850
(11,963)
(5,113)
144,833
(5,113)
139,720		 Total
funds
2025
£
612,820
151,010
763,830
36,936
1,002,198
1,039,134
(275,304)
650,410
375,106
-
375,106
8,905,090
375,106
9,280,196		 Total
funds
2024
£
479,290
141,162
620,452
35,398
1,043,325
1,078,723
(458,271)
955,794
497,523
-
497,523
8,407,567
497,523
8,905,090

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 15 to 32 form part of these financial statements.

Page 12

Docusign Envelope ID: 01A4E4F1-E0DE-4257-B326-62D6DE464917

WEST RIDING MASONIC CHARITIES LIMITED (A company limited by guarantee) REGISTERED NUMBER: 00399211

BALANCE SHEET AS AT 30 SEPTEMBER 2025

Note
Fixed assets
Investments
15
Current assets
Debtors
16
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
17
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Endowment funds
18
Restricted funds
18
Unrestricted funds
18
Total funds		 126,628
1,198,384
1,325,012
(91,904)		 2025
£
8,047,088
8,047,088
1,233,108
9,280,196
9,280,196
139,720
24,505
9,115,971
9,280,196		 69,381
1,398,718
1,468,099
(87,355)		 2024
£
7,524,346
7,524,346
1,380,744
8,905,090
8,905,090
144,833
48,486
8,711,771
8,905,090

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Directors and signed on their behalf by:

Mr D R Kilbride

Mr G E Blackburn FCA

Date: 16 January 2026

The notes on pages 15 to 32 form part of these financial statements.

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Docusign Envelope ID: 01A4E4F1-E0DE-4257-B326-62D6DE464917

WEST RIDING MASONIC CHARITIES LIMITED (A company limited by guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Dividends, interests and rents from investments
Proceeds from sale of investments
Purchase of investments
Net cash provided by investing activities
Cash flows from financing activities
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
The notes on pages 15 to 32 form part of these financial statements		 2025
£
(479,012)
151,010
2,967,631
(2,839,963)
278,678
-
(200,334)
1,398,718
1,198,384		 2024
£
(220,767)
141,162
5,391,173
(5,195,049)
337,286
-
116,519
1,282,199
1,398,718

Page 14

Docusign Envelope ID: 01A4E4F1-E0DE-4257-B326-62D6DE464917

WEST RIDING MASONIC CHARITIES LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. General information

The charity is a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 20 Castle Grove Drive, Leeds, LS6 4BR.

The principal activity of the company is the provision of relief within the Masonic Province of Yorkshire, West Riding for Freemasons, other National Masonic Charities and non Masonic charities.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

West Riding Masonic Charities Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

There are no material uncertainties about the charity's ability to continue.

2.3 Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

2.4 Resources expended

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

Page 15

Docusign Envelope ID: 01A4E4F1-E0DE-4257-B326-62D6DE464917

WEST RIDING MASONIC CHARITIES LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. Accounting policies (continued)

2.4 Resources expended (continued)

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

Application for West Riding Masonic Community Fund grants are considered by a Review Group. All grants are submitted to the directors for ratification. Grants are recognised on the date approved by the directors.

Other liabilities are recognised when a legal or constructive obligation giving rise to an outflow of resources is deemed to arise.

Resources expended are analysed between the different categories of expenditure as follows:

Grants payable in furtherance of the charity's objectives include donations to other Masonic Charities and organisations, grants to non Masonic charities and good causes and grants payable to individual beneficiaries.

Support costs in furtherance of the charity's objectives comprise the payroll costs of the Care and Support Officers, which are managed directly by the administration of the company, and associated travel expenses.

Governance costs are those incurred in connection with organisational administration and compliance with constitutional and statutory requirements.

2.5 Taxation

The Company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

2.6 Investments

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Quoted investment income is recognised on receipt. For the purpose of the accounts the date of receipt is taken to be the published date of payment of the dividend or interest. The directors consider that this departure from the SORP is justified on the grounds that the policy is a long standing one and its effects are not material to the financial statements.

All other investment income is recognised on the accruals basis.

Page 16

Docusign Envelope ID: 01A4E4F1-E0DE-4257-B326-62D6DE464917

WEST RIDING MASONIC CHARITIES LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. Accounting policies (continued)

2.7 Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

2.8 Pensions

The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.

Page 17

Docusign Envelope ID: 01A4E4F1-E0DE-4257-B326-62D6DE464917

WEST RIDING MASONIC CHARITIES LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. Accounting policies (continued)

2.9 Fund accounting

Designated funds comprise unrestricted funds that have been set aside by the Directors for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

In line with the SORP, all funds have been allocated to the following categories:

Unrestricted funds which the company may use for its purposes at its discretion;

Designated unrestricted funds which the directors have set aside for specific purposes;

Restricted funds subject to legally binding restrictions over their use;

Endowment funds where the original capital cannot be expended. There is one fund falling into this category: the C. L. Wilson Trust which was set up under a specific bequest to the company under which the income was to be used for Masonic charitable purposes but the capital could not be used.

A transfer from general fund to a designated fund may take place when a specific designated project has been approved by the directors and a reasonable estimate of the likely expenditure can be made.

3. Critical accounting estimates and areas of judgement

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. Details of these judgements are set out in the accounting policies.

4. Limited by guarantee

The charity is a charitable company limited by guarantee. In the event of winding up the liability of each member is limited to £1.

5. Income from donations and legacies

Personal donations
Testamentary gifts		 Unrestricted
funds
2025
£
-
93,561
93,561		 Restricted
funds
2025
£
519,259
-
519,259		 Total
funds
2025
£
519,259
93,561
612,820

Page 18

Docusign Envelope ID: 01A4E4F1-E0DE-4257-B326-62D6DE464917

WEST RIDING MASONIC CHARITIES LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

5. Income from donations and legacies (continued)

Personal donations
Testamentary gifts		 Unrestricted
funds
2024
£
-
(132)
(132)		 Restricted
funds
2024
£
479,422
-
479,422		 Total
funds
2024
£
479,422
(132)
479,290

6. Investment income

Income from listed investments
Bank interest receivable
Income from listed investments
Bank interest receivable		 Unrestricted
funds
2025
£
101,798
41,454
143,252
Unrestricted
funds
2024
£
120,993
16,825
137,818		 Restricted
funds
2025
£
-
908
908
Restricted
funds
2024
£
-
2,012
2,012		 Endowment
funds
2025
£
6,850
-
6,850
Endowment
funds
2024
£
-
1,332
1,332		 Total
funds
2025
£
108,648
42,362
151,010
Total
funds
2024
£
120,993
20,169
141,162

7. Investment management costs

Portfolio management

Unrestricted Total
funds funds
2025 2025
£ £
36,936 36,936

Page 19

Docusign Envelope ID: 01A4E4F1-E0DE-4257-B326-62D6DE464917

WEST RIDING MASONIC CHARITIES LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

7. Investment management costs (continued)

Portfolio management
8.
Analysis of grants
Grants, Charitable activities
Grants, Charitable activities
9.
Analysis of expenditure on charitable activities
Summary by fund type		 Grants to
Institutions
2025
£
505,344
Grants to
Institutions
2024
£
627,018		 Unrestricted
funds
2024
£
35,398
Grants to
Individuals
2025
£
294,064
Grants to
Individuals
2024
£
201,953		 Total
funds
2024
£
35,398
Total
funds
2025
£
799,408
Total
funds
2024
£
828,971
Charitable activities
Support costs		 Unrestricted
funds
2025
£
165,939
144,542
310,481		 Restricted
funds
2025
£
691,717
-
691,717		 Total
2025
£
857,656
144,542
1,002,198

Page 20

Docusign Envelope ID: 01A4E4F1-E0DE-4257-B326-62D6DE464917

WEST RIDING MASONIC CHARITIES LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

9. Analysis of expenditure on charitable activities (continued)

Summary by fund type (continued)

Charitable activities
Support costs		 Unrestricted
funds
2024
£
217,228
156,858
374,086		 Restricted
funds
2024
£
669,223
16
669,239		 Total
2024
£
886,451
156,874
1,043,325

10. Analysis of expenditure by activities

Charitable activities
Support costs
Charitable activities
Support costs		 Activities
undertaken
directly
2025
£
42,408
-
42,408
Activities
undertaken
directly
2024
£
42,205
-
42,205		 Grant
funding of
activities
2025
£
799,408
-
799,408
Grant
funding of
activities
2024
£
828,971
-
828,971		 Support
costs
2025
£
15,840
144,542
160,382
Support
costs
2024
£
15,275
156,874
172,149		 Total
funds
2025
£
857,656
144,542
1,002,198
Total
funds
2024
£
886,451
156,874
1,043,325

Page 21

Docusign Envelope ID: 01A4E4F1-E0DE-4257-B326-62D6DE464917

WEST RIDING MASONIC CHARITIES LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

10. Analysis of expenditure by activities (continued)

Analysis of support costs

Staff costs
General office
Bank charges
AGM costs
Staff expenses
Governance costs
Auditors' remuneration
Fees payable to the Company's auditor for the audit of the Company's
annual accounts
Fees payable to the Company's auditor in respect of:
All taxation advisory services not included above		 Total
funds
2025
£
107,421
20,658
1,485
3,457
11,521
15,840
160,382
2025
£
15,120
720		 Total
funds
2024
£
99,666
40,421
4,520
2,483
9,784
15,275
172,149
2024
£
14,400
-

11. Auditors' remuneration

Page 22

Docusign Envelope ID: 01A4E4F1-E0DE-4257-B326-62D6DE464917

WEST RIDING MASONIC CHARITIES LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

12. Staff costs

2025
£
Wages and salaries
100,089
Social security costs
4,232
Contribution to defined contribution pension schemes
3,100
107,421
The average number of persons employed by the Company during the year was as follows:
2025
No.
Care and Support officers
4		 2024
£
93,605
3,133
2,928
99,666
2024
No.
4

No employee received remuneration amounting to more than £60,000 in either year.

The Directors are the key management personnel of the organisation.

13. Directors' remuneration and expenses

During the year, no Directors received any remuneration or other benefits (2024 - £NIL).

During the year ended 30 September 2025, no Director expenses have been incurred (2024 - £NIL).

14. Transfers between funds

The fund transfers represent the subsidy towards the TLC Fund and the Community Fund from General Funds.

Page 23

Docusign Envelope ID: 01A4E4F1-E0DE-4257-B326-62D6DE464917

WEST RIDING MASONIC CHARITIES LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

15. Fixed asset investments

Cost or valuation
At 1 October 2024
Additions
Disposals
Revaluations
At 30 September 2025
Net book value
At 30 September 2025
At 30 September 2024		 Listed
investments
£
7,524,346
2,839,963
(2,967,631)
650,410
8,047,088
8,047,088
7,524,346

Investments at fair value comprised

Bonds
Equities
Hedge Funds
Gold and other commodities		 2025
£
1,661,470
5,730,916
404,051
250,651
8,047,088		 2024
£
1,850,766
5,153,440
374,533
145,607
7,524,346

Page 24

Docusign Envelope ID: 01A4E4F1-E0DE-4257-B326-62D6DE464917

WEST RIDING MASONIC CHARITIES LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

15. Fixed asset investments (cont.)

All investments shown above are held at valuation.

Listed investments

The aggregate market value of listed investments is £8,047,088 (2024 - £7,524,346).

Financial assets held at fair value

Investments in equities and fixed interest securities are all traded on quoted public markets. Prices quoted are those available as at the as at the close of business on the valuation date. If the valuation date falls on a non business day, the prices quoted will be those available as at the close of business on the last business day before the valuation date. UK quoted securities are valued at the mid market price quoted on the London Stock Exchange. Overseas securities and government stocks are valued at the mid market price or last traded price available in the relevant stock exchange as obtained from interactive data. Unit Trusts are valued at the middle price prevailing on the valuation date. OEICS are valued at the price prevailing on the valuation date. Dividend and interest payments received are included up to and including the date of valuation. Asset sales and purchases are recognised at the date of the trade at cost (that is their transaction value).

The significance of financial instruments to the ongoing financial sustainability of the charity is considered in the financial review and investment policy and performance sections of the Trustees’ Annual Report. Equity markets have had another positive year despite headwinds from Trump’s tariff policy and the portfolios have returned 10.26% year to date despite this. Capital market assumptions for 2026 are positive , but there are still prevailing inflationary headwinds, and geopolitical tensions which could disrupt markets.

Liquidity risk in the portfolios is continues to be low as the assets held are traded in markets with good liquidity or high trading volumes. The portfolios have no investment holdings in markets subject to exchange controls or trading conditions. All Assets are monitored centrally for their credit worthiness and remain approved holdings.

Liquidity risk in the portfolios is anticipated to be low as the assets held are traded in markets with good liquidity or high trading volumes. The portfolios have no investment holdings in markets subject to exchange controls or trading conditions. All Assets are monitored centrally for their credit worthiness and remain approved holdings.

Investment Policy and Performance

Brown Shipley manage the portfolios on a Balanced Mandate. Returns from a Balanced portfolio will be sought by way of a combination of capital appreciation and income. There is a medium level of investment risk to capital. The portfolios are well diversified across different asset classes including fixed interest, equities, alternatives and cash. The equity weighting is broadly 62% which is commensurate with the Balanced mandate. The portfolios have exposure to both UK and overseas equities. There are no explicit investment restrictions, although no direct equity holding is to exceed 5% of the portfolios value. The portfolios continue to be managed on a long term time horizon.

Page 25

Docusign Envelope ID: 01A4E4F1-E0DE-4257-B326-62D6DE464917

WEST RIDING MASONIC CHARITIES LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

16. Debtors

Due within one year
Other debtors
Prepayments and accrued income		 2025
£
125,591
1,037
126,628		 2024
£
59,886
9,495
69,381

17. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 2025
£
8,245
2,887
63,891
16,881
91,904		 2024
£
4,525
1,346
57,790
23,694
87,355

Page 26

Docusign Envelope ID: 01A4E4F1-E0DE-4257-B326-62D6DE464917

WEST RIDING MASONIC CHARITIES LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

18. Statement of funds

Statement of funds - current year

Balance at
Balance at 1 30
October Transfers Gains/ September
2024 Income Expenditure in/out (Losses) 2025
£ £ £ £ £ £
Unrestricted
funds
Designated
funds
WRM Care &
Support fund 5,362,135 75,703 (261,646) (63,834) 448,072 5,560,430
General funds
General Funds -
all funds 3,349,636 161,110 (85,771) (71,772) 202,338 3,555,541
Total
Unrestricted
funds 8,711,771 236,813 (347,417) (135,606) 650,410 9,115,971
West Riding Masonic Care & Support Fund
This fund was set up to make grants, provide assistance and relieve the pressing necessities of Wes
Riding freemasons, their families and dependents.
Endowment
funds
Endowment
Funds - all funds 144,833 6,850 - (11,963) - 139,720
Restricted
funds
WRM
Community
Fund - 57,213 (176,812) 119,599 - -
TLC fund - 14,438 (42,408) 27,970 - -
Festival fund 48,486 448,516 (472,497) - - 24,505
48,486 520,167 (691,717) 147,569 - 24,505
Total of funds 8,905,090 763,830 (1,039,134) - 650,410 9,280,196

This fund was set up to make grants, provide assistance and relieve the pressing necessities of West Riding freemasons, their families and dependents.

Page 27

Docusign Envelope ID: 01A4E4F1-E0DE-4257-B326-62D6DE464917

WEST RIDING MASONIC CHARITIES LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

18. Statement of funds (continued)

West Riding Masonic Community Fund

This fund continues to be applied wholly for grants to non-Masonic charitable organisations in the community.

Other restricted funds

Included within other restricted funds is Teddies for Loving Care - TLC Fund, which distributes teddy bears to children in hospital. The Teddies for Loving Care (TLC) initiative provides unique cuddly bears to Accident & Emergency departments for medical staff to give at their discretion to young children. The bears are used to calm children down, reward them for being brave or to demonstrate procedures. Often the bears distract children so nurses and doctors can get their jobs done quickly and efficiently. The TLC teddy has become an invaluable tool for medical professionals including the Yorkshire Air Ambulance and a real comfort for children.

Festival Fund

On May 2nd 2023, a Festival appeal was launched to support the Masonic Charitable Foundation (MCF). This will reach its conclusion in 2028. During the period of the Festival it is the intention that West Riding Masonic Charities Limited will give every support.

Page 28

Docusign Envelope ID: 01A4E4F1-E0DE-4257-B326-62D6DE464917

WEST RIDING MASONIC CHARITIES LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

18. Statement of funds (continued)

Statement of funds - prior year

Unrestricted
funds
General Fund
WRM Care &
Support Fund
Endowment
funds
CL Wilson Trust
Endowment
Fund
Restricted
funds
WRM
Community
Fund
TLC fund
Festival fund
Total of funds		 Balance at
1 October
2023
£
3,294,213
4,924,807
8,219,020
143,501
-
-
45,046
45,046
8,407,567		 Income
£
55,129
82,557
137,686
1,332
70,033
10,331
401,070
481,434
620,452		 Expenditure
£
(73,326)
(336,158)
(409,484)
-
(229,404)
(42,205)
(397,630)
(669,239)
(1,078,723)		 Transfers
in/out
£
(208,558)
17,313
(191,245)
-
159,371
31,874
-
191,245
-		 Gains/
(Losses)
£
282,178
673,616
955,794
-
-
-
-
-
955,794		 Balance at
30
September
2024
£
3,349,636
5,362,135
8,711,771
144,833
-
-
48,486
48,486
8,905,090

Page 29

Docusign Envelope ID: 01A4E4F1-E0DE-4257-B326-62D6DE464917

WEST RIDING MASONIC CHARITIES LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

19. Summary of funds

Summary of funds - current year

Designated
funds
General funds
Endowment
funds
Restricted funds		 Balance at 1
October
2024
£
5,362,135
3,349,636
144,833
48,486
8,905,090		 Income
£
75,703
161,110
6,850
520,167
763,830
Income
£
137,686
1,332
481,434
620,452		 Expenditure
£
(261,646)
(85,771)
-
(691,717)
(1,039,134)
Expenditure
£
(409,484)
-
(669,239)
(1,078,723)		 Transfers
in/out
£
(63,834)
(71,772)
(11,963)
147,569
-
Transfers
in/out
£
(191,245)
-
191,245
-		 Gains/
(Losses)
£
448,072
202,338
-
-
650,410
Gains/
(Losses)
£
955,794
-
-
955,794		 Balance at
30
September
2025
£
5,560,430
3,555,541
139,720
24,505
9,280,196
Balance at
30
September
2024
£
8,711,771
144,833
48,486
Summary of funds - prior year
General funds
Endowment
funds
Restricted funds		 Balance at
1 October
2023
£
8,219,020
143,501
45,046
8,407,567
8,905,090

20. Analysis of net assets between funds

Analysis of net assets between funds - current year

Fixed asset investments
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2025
£
8,047,088
1,160,787
(91,904)
9,115,971		 Restricted
funds
2025
£
-
24,505
-
24,505		 Endowment
funds
2025
£
-
139,720
-
139,720		 Total
funds
2025
£
8,047,088
1,325,012
(91,904)
9,280,196

Page 30

Docusign Envelope ID: 01A4E4F1-E0DE-4257-B326-62D6DE464917

WEST RIDING MASONIC CHARITIES LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

20. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Fixed asset investments
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2024
£
7,524,346
1,274,780
(87,355)
8,711,771		 Restricted
funds
2024
£
-
48,486
-
48,486		 Endowment
funds
2024
£
-
144,833
-
144,833		 Total
funds
2024
£
7,524,346
1,468,099
(87,355)
8,905,090

21. Reconciliation of net movement in funds to net cash flow from operating activities

Net income for the year (as per Statement of Financial Activities)
Adjustments for:
(Gains)/losses on investments
Dividends, interests and rents from investments
(Increase)/Decrease in debtors
Increase/(decrease) in creditors
Accrued expenses
Net cash used in operating activities
22.
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents		 2025
£
375,106
(650,410)
(151,010)
(57,247)
4,549
-
(479,012)
2025
£
1,198,384
1,198,384		 2024
£
497,523
(955,794)
(141,162)
334,238
(13,065)
57,493
(220,767)
2024
£
1,398,718
1,398,718

Page 31

Docusign Envelope ID: 01A4E4F1-E0DE-4257-B326-62D6DE464917

WEST RIDING MASONIC CHARITIES LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

23. Analysis of changes in net debt

Cash at bank and in hand At 1 October
2024
£
1,398,718
1,398,718		 Cash flows
£
(200,334)
(200,334)		 At 30
September
2025
£
1,198,384
1,198,384

24. Pension commitments

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £3,100 (2024 - £2,928).

Contributions totalling £1,069 (2024 - £1,048) were payable to the pension scheme at the balance sheet date.

25. Related party transactions

The company is controlled by the directors.

The company was incorporated in 1945 to undertake the charitable activities of the Provincial Grand Lodge of Yorkshire, West Riding (PGL) which is, therefore, a connected organisation. The Provincial Grand Master for the time being is the President of the Charity.

The charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the charity at 30 September 2025.

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