REGISTERED CHARrrY NUMBER: X2691 forthÈ YÈar Ended 31 March 2024 for sdtstrry & CoMY Bu&ness L) Regtstered dito1$
Nc4th WaS Freanass Chailty ontents tsf the Financial Statements for yearen¢kd 31 March 2024 PagP Repjrt dthe Tntstees 1 lo 4 RewE of the 1ndeperKlentAlknrs 5 to 6 Slatement of Financial Actp4ils Sht No*e5 to the Financial Statements 9 to 14 Detsiled Statemeffl of Financial Adi¥ibe5 15
Repprt of the TnleeS for ywended 31 March 24 The AS5Oation s Trustees Prnt their Rep)rt akty tre stements 0¢ Chjrty for the ar enrled 31 March 2024 The fnarthl strtements have been prEpared in xcordanc with tt)e arA))untng FdKies sel out in note 1 and comply iwth the th8ritys W$. Charities Aol 2011 the Statament of RAThmend Practice.. Accounting ar Reporting by Charttie5 20. OBJECTIVES AND ArnES Objective5 and aims The obpci of the CPwrity i5 the adv8neernent of Masonic rthMason Ch3Tty by the mearts of two fithds. The Bèrvolent Fund i5 dee& to lAastsn and Th)n-Mason¢ Chamy ard the Irwre Fund 1) is pritnarily devoted b the running cos of the Charity and when fUing levels alk)w. ro fvrttrtr Masonic and N0maS0n1C Chaiity. Tf Be[VOlent Fund s SUppted by rnandacry sUbscmpS fr¢rn merntErs and by vduntsry ConlributK$. The Income Fund s SUPkX)rted SolY by eamirgs and irnerest frum its inveslmwts. rtaI irtorne from it5 0e FKcperty and ad ho¢ donation$ from [rnber5. The purroses for the Fu5 may be used e deki1 in Ihe A5$o(aati.S G0vem1 t)ooJrnent Rules nurnbwed 12.13 14. AJI mtsNe5 belcngmg to b)ese FurKL5 are kept apart in a Sepatr Bank accfyJnL Al monies In Ise accounts are unre5trii#e¢ and may be appld in Ihe futherance of the AsxKiatiw'5 objects in o)nforrnty the ASsaCtionS Ruks. The TLC Fund ts restrcted to rdwng the distress and suw of paiErts. parbwlady chiPJren. attend9 or admitted io acc1 and ernerKY unrts aThYlorwards of hLsprf orwP¢ are In the care of the assocaatal ernergency services. The trustees unfirrn that they have relerred Iv the contad in the Charity CommissD.$ General guid8n¢e on public benefft when ihe Chanvs aims and obi&trve$ and In pkqnning fvW1 acbwbes and *tbng the grant rnaking policy forthe year. Page 1
Report of the TrUSeS ACHIEVEMENT AND PERFORMANCE Charitable actSvllle$ I have paSUre Ln pSents[v my rewxt as Chainw ol the North Wales Freemasorts. Charty INWFCI for the year Apnl 2023 to March 2024. Betse brefly wrrttnenting on the wtyk of ihe NWFC the year I c•cÈ aga 7$h to recud my thanks to all the Truslees have lvtsrked dil¥enty thrwhtyjt the star to erwre that Ihe Charity has comr1d fulty its govemin9 doGument. CharT¥ CArni$ JanCe and its oVerM9 Chanta) credentiat5. Thanks $0 w 10 our PresdenL Bro. John C. Hodl. PrtswnrAal Gpno Master. w.9. NKMas P Wtyknvard. PrtsvNvl Gra SeCry. Salty co.er. Office Admintstrator and W.Bro. Makdm Melk)r. NWFC Treasur¥. fr)rthr SLPPryt ar¢ enctyJr8gement. I pay parDoJLgr tribLrte to W.Bro. Jcn R. C¢lli#¥. Se(xetsry to Ihe NMIFC. th. upcn the rerement tsf Office fina81 adm5nistrator. Jaqui Raco. adCp1 all matter5 assoriatee with the fna1mx contrrA of the NWFC and continues to Kvork dllyJenY on behaw af the Charity. OuAry year. W.BrD. kn Prcsser adLFed the ro of assistani secretary to the NWFC has prtrrided u5 with an èSY¥b"c¢)al r¢5owGe to cwe th lIdaY per arbj the dek)Ènt and adoO'cfft of new Irutialnies. The United Grand Lge of EngtaTrS laUrh thew Seven strw Rtsmap 2022 to develop their resSeS to the Roadmap and to devebp o%vn stratsuie5 to thve for¢ Ihe vtrv)u5 deTnent5 cmlained within the UGLE ffjmap. The NWFC hes an Imr)rtarrt tDle Lo Flay In what LS termed Ihird pillar of the UGLE stsategy. narnety. Crnunty eng8geNEnt. The NWFC has aw been ccnscis of its rde in pr(xnoting community eagement through ts grant mthng faalrty t•Jt in r2spDn¢irg to the Ihird prflar. thè thrity have an enhanod role lo play In ext¢nded and buildirg upon ts currertt tevd oferMJagemenL The Charity relie$ al[rt wholly cn irKyxnÈ frorn its investrTrents for its admink4trotK costs and ant making abilty. Our Investmènts are adrninistered on our behaK by RBC 8r•¥in t%)Ipl¥n Weath Manaprnenl are condered to be expèrts In Ihe field ol investhent behalt of chant& The NWFC re5 quarterly reports frcm Breiwn Dolphin and hdds face to face meetiros per year. To ensure best prCe the NVVFC Trustee5 do. from tsme w time. wt>2ect Brewn DcAphin to Duriro the year. the thanty Intrtjduced a scheme for matth fLmding of koae donatJxts that oxnplied with uiterka. There are tourlg svjns that Lodges and clwjters are takw acanMge of the thme. 2nd rt Is antiopated that this trend 11 continue and expand. These IntenonS by the enaNe us to ¢evebp further our plan5 for c¢)mrnunty engagement by fo¢yJs$ing yAKatsons that prowde a derrlStrabk CA)mmwry bweft The Trustees always endeavour lo look faVrablY L¥Pth such applicauons su"e¢t to a lirnitÈd numier of restrictions by Ihe Truskes 10 ensure equitable dL%knbubon prudent USÈ of cknrifabk fund5. l am aLso eaSed to repJrt that the Charity wDrdJes 10 t2ke lull adwantsgp of the Vari( grant and matth funding schernes promoted by the Masonic Chanlable F0uThJan and it i% h2arknro to know that vle continue to hove an enviable success rate for SU551 apFAKatJcns As In pYevw)us year5 1 pay tnbute b) oJr Pfovincid GAnd Ch3nty sterd. W.8ro. Morgan Tudor. for the diligent way in he nawgate5 1hroh o)rnpkx prcEedutes arQ crilena ¢DYffl by MCF f¢r grant applIcan5 and his unstntng SLpL¥Lfo[ and ¢h8Fl¥ Charity siewarc5 bDth new and old. The NWFC TnJstees are very experienc&1 In resp(5¥ raVY to the calls for 0laritsb assis>nR frorn Lt)Jges. Chapters. inrtmdua members. arKI worthy causes our CrtMUnes ar Ihey Ik forward to being able to pOnd b rnany rne requests for chtiritab astCe ProvirK of Ndrth 'Nales. The ne( finanual year wll bring new thallenges for Ihe NWFC as it devdops ts reswtse to the UGLES ¢Aynmunity engapmtnt thallerye but I'm contseni that rhe nees have WffiTrte1encE. kmvA&ge a)d Èxpertse to rt those cMlengÈs. FINANCIAL REVIÈW InvestmÈni poliry and obiecti¥es There are no resthdiors tr) Chaiitys pch¥er to irwest. The nYe5tmwt strategy is set by the Trustees by c<nstdering the income requ1m¥ts. the risk profile ane the sto¢kbrorf&s ttf the mwkel prospects in the term. This strakgy is sei within an ovèr to Ve& In low and rsk nvestrnents Reserves policy The of the chanty is wte suffKient reserves ts maxrnise the contritrth.cfi th will b mado to forthcoming Festwa. 3nd this FolKy wll Contin fr knre Festwa&. Wrth the fuMent of thai aim the reserves a retaned to prowde sufficwt fur5 lu ciwer rnanagemern and adrninistratkjn for a of arxl to restKfftd to applrations foi grants %Yhth arise frLYn brne lo bmè. Fundswere marttwed 31 thi5 Jevd throJ9tth year. Pa3e 2
Reportof the Trustees for theyearended 31 March 2024 STRUCTURE. GOVERIiANCE AJID MANAGEMENT Governing documeni The cOrtstibJtn of the Ass¢oa)"on Set TrJt the Gwnry Drnent of the Ncth Wales FreemaSCS. Gharity which wa5 adopted by the ASsoryatiC on 16th Ntyember 2019. These Ru5 prov that the membets of the A5sOaan,s ExeGfft Comrnittee sall be the Trusw 0 A551aJn. The TruÈs shal exer¢$¢ 311 wcessary day-tt>day decInS f( the of the Assocbat4)n. to invest funds, to mwage prrtieS and ather investrnents. and aproint as apprryjriate. agents to * on behaff of the AsstiLiatK)n. The Trus seThd dunroJ the pwc#Y covered by trus Rernrt ¥e as set p3Je 1. On arpoinThent new ffijstees an induLicn progrtr dL&S slxjrt meetings wth the Vice pdenl VLe Chairm8n and Secretsry on investmwts. the grant makry process arKI pomers ar re5Fonssbimes of the irosw. The wdthrne pack Nduées of rést years. acoJunts. a rpY of the 9)verThry d(rnent a copy of the Charity Comrni5sion's jUance." Thè Essenbal Tr. What You Need To Knovf and"Charitses and Pui4t rce OelDie Risk management The trustees have examined Ihe tnaJcK Strateg Operati ris whith the charrty fac$ and confrm Ihai system5 have been eabLBhed to enab regular repDrts to be pr(ed * thai the neSary can be to Sen the n5k5. Thè Iru$tÈes congder that varpbilty of nvestrneni reiums lunds mve51ed to con$tittrte the tha$ major rtsk. trustees have app)Inled stockbroKers as adwsors on investrnents. REFERENCE AND ADMINISTRATIVE DETAILS Regterert Chanty number 212691 PrÉndpal address 8 Mcstyn Avenue cra Y Don Llandudno Conwy LL30 1YS Trustees J C Houtt Pre*deni D V Jones Vice Preent D C ThLYn85 Vice President W O Davies Vic&Present P A Jarnes Ve Pre&dent & Chairman M R mlTreasurer J R Cdlister Secrdary P Maddocks VKe Chairman S E Gardner A R INilliarn5 J D ProssEr M Tudor A Schofiekl Aitditors Salisbury 8 Company BnesS Sdution5 Lrntted Rrfistered Auditors Chartered Actstants STATEMEKf OF TRUSTEES. RESPONSIBILMES The tnJstees are rtsponsiLrfe for pr¢p4ring the ReFNyI of the Trustees the ffinanci statements in aLxordance wi applicable L8w and United AccwlJ"ng strs (unit Kiwm G¥)eraly Apted ALwuntirvJ PraGtiI. Page 3
Nrih Wales Charity ReportoftheTntstees lor thytar ended 31 IAareh a124 STATEMEIIT OF TRUSTEES. RESPONSIBILmES-continued The law apFlicab to thaiilies in EngL3nd and waS. Cariries 2011. Charty IAw)unts and Reputsi Regulatons 2008 the prowsions of the tryst deed requffts the trtee5 lo wepare financ4al statenents for each finanaal year whrh give a true ane far view cf tr state uf affar5 of Ihe tharty atxj of the wKomir¥J resoures 8nd applicatk?n of resources. Induoing the Incorre expendiiure. of the thanty fu that wtd. In preparing b)se financ5al strternents. the trustees 8re required to Sdect Suitab accowbng pd4e5 and Ihen apply them corfystenuy. obsetve the metho¢s and wr$ in the CW SORP.. make Igernents and &tstnates that are reasonabte and prUdt epare the fin<xd staterrents tyi going basis it is to presu thai Charity will )tinue in LMJsinesS. The tru$tees are reswnsible for keepry aco)untKKJ retords whth ¢c4ose knith rea$Cab at any tine the financial posroon of tt)e ch¥rity an¢ ts enatle trm ts ertswe that finala1 ststetnErrt5 with the Charities Aci 2011. the Charity lknunts and Reputsi Reguk5 20CE and wovisicns of the tr1 (ked. They are also re5Fvnsible ftr safeguBrdiry the assets of thè tharty and hen for asonab steps for the ¥eventK)n and &etrtion of fraud Jnd cther irreguLa1eS. Appyoved by ¢)rderof Ihe i)¥d of tnjstees t....... ... ........... .. ...... . ... and its by". PAJames-T Pa3e 4
Reprt olthe IndependentAudilors to the TTU5tees ol North Wales Freemasons Charity Opinion We have audited Ihe finana8 stslernents d North W5 Freemaxms Charity (the 'conyI for tt)e year ended 31 Marth 2024 which cornprEe the St)I of Final Acbvrfoes. the Balance Sheet and note5 to the finantyal st21emenis. Ivd¥ng a summary d synrftcant 8CCOLmlmg P)"¢. The finanl? repNbrg framerk that has been aPd In their preparation is aP11e L4w and United Ataxmtiro Strndards Iuritsd KIwj GerallY Aptsd Accounbng Pratbol. In our Opiri¢ the ffinan< aternents". Vè a true ar fair VEW of Ihe stale of Ihe cltrtrfs affa5 as at 31 PAarch 2024 of its $olces 8nd applicabon of &)Urces. fc¢ the year then enthd." frove been properfy prepared In aordanCeth UnrtèJ KwyJL¥n GeneYallyA• Prar¢e'. and have been prepared in accordan With the reqUirner ofthecharths Act 2011. Basi5 loropinion We tsnductèd our audrt in a¢(ordwee Wlh InttiatK)na sIrds on Audibng IUKI IISAS IUKII and apk1icab w. Our reswsibibtse$ under those staTrJards are fvrther Qesoiw n ihe Audrtry5' re5rorsbllitss for the audrt of the finanual stsiements sOn of our rewE. We are fftdepere1 of the thar5ty in act0rdCe wth the elh reqUIrentS that #re relevant to our autht of the finanoal ststernerts in the UK. the FRC'S Ethtsl Stsrwjard. and we havè fulfilled our other ethKal responsiknlities in a££trdan %Yith these reryrynts. We bdie that the au(fjt evidenct we have obtsined SUffier}I arKI apprapriate to prowde a ba$s Icx £uropln>. Conrlu5ion5 relating to eoncem In auditing ts finan1 stslerrents. we have ts)ndthJed Irusiees. ofthe wkig {rn ba515 rf ac£ountyrs in the preparabon ofthe financial slaterrts 15 aFpropnate. Based cfi the werfc FÈve pwforrrd. we have ncl nthfied any Matla1 Lfttrtatti to events or condnions that IndDii#Uty or llecte. may cast snIfiC3M do1 on the abibty to ¢Clltiruè as a gThng ccncem fu a pericd cé at leastVe months frem vthèn the fmanLatil sfatemerts are aute& for Esue. Our responsibileS Ihe SpOnsiblbeS of the Ste85 With rtspect to goThJ cortem are described in the r¢kvant sectnS of trKs reporL Other information The trustees are respcfftgble lor the thr Infrrna. Thè oth¥ Ybformatic etitrprtses the irrforrnalion induded m the Annual Report. other than the ffinarti statements our ReFrtyt of the IepEndemtAudrtorS therecfj. Our opnic¥i on the finartial siAtÈrnents does not cover the Inforwwtrjn and. except to the etsnt olherwi&e eWKidy stated our r¢porL we do not eypress any forn ofasswance thereon. In connectKsn with ow aj(C of fffjanLaal &aternen15. cw respDrtsbilty to read the other inlormation and. in dc¥ng so. on$¢er whether the other Infomatic#) ts matenally K¥In5tent with the fnanual ststerp.ents C wr krwledge obtained In the audit or otherwse appears to m8ter5ally wi5Stated. If iden)fy material Incongstencies or apparent material misstatements. we are wuired to dÈtÈminÈ whetr Ihis gns rise to a materi& rrdsststernenl in the finantsal staièments IrtmseP¢es. If. based on the work we have pertorrnee. y C4xdude that Ihere Is a mater&¥ misst8temeni of trus ott)er Infnati. we are reqwred to reportthat facL We hak rbr•thrvJ kn re in regard. Matrs on whith we are required to report by eXpIn We have nothing to rEFKl respect of the fdbwng rnatt5 vthere Chartses {Arts and Reports) Reguklx)ns 28 requ'.res u5 to report to you If. In our opinw". the IrTformall gwen In the Rep)rt ofthe Trustees B In¢$teN in any material respectwth the fiftana statements, or suffioent accothting record5 have not been kept". or trde finanGwI stalernents are not Ln awmentwith the acawntmg records and retur.. or have not recwed the intrmdton WKI expirynatws we wuirefor owaudit. Respc)sibilities of trustses As explaine¢ fully In the of Tnstees. RESPQTL%OIrfEs. trE trustee5 3Te respcn5ible tr Ihe prepara1Jn of the rinantyal statements ivkuch ge a truè and fair wew. and for such interr.a Contr as the tsustees determine Is necessary to eneble the preparatK•n cf finaTh>al staiernents that are Iree ftvrn rnoterièl 551¢ten( whetherdue to fraud Ore. In preparing the finanual ststements. .e$ are respOn>e for assèssiry Iho charitls abilty to mntinue 35 a going conrm. dis(4wn9. 3$ applicab. rnatter& reWed lo gciry Crn ane u&ng the gcArg (£M basis of aceountsng unless trustees eiif*r intend to 4u&te the charty LY tt> Lyase ¢)peratws. orha%E no reJtsbC a#ernative bul 10 do so. Page 5
Rewt rfthe Independènt Audilots to the Trusl£¢s of North Wa185 Freemasons Charity Our re5ponslbillltes tor the audit of the flmncwl statements We have been zpwrn as aUtry5 un¢tef Secbon 144 OF fv Chartss 2011 and rewl n aCcc¢dan the Act an rdevant regULatn$ me or having effecl Ihernder. OLf obiectnies ¥e to obtain assum abcrt the financsal stat#nents as a are free from rnaterial misstatement. whether due to fraLQ ertDr. and to issue a Rewt of IndepeTrgeni Au¢itOts Ihat indudes c¥Jr opinn. Reasonable assuran is a hKJh level of a55uraKe. bui ts not a suarantee that an aurfit 0du(led in acoydaKe with ISA5 IUKI wll aTrways dete& a [rtend mSleM)I when it e$ts. Mtsaathments can arise from fraué error and are eon#dered n?terki1 rf. Indiwdually or in the aggregate. they cyJJd reasonabty be expected to influence tt)e ewrornic deosH)rts ofusers tsken rn the basLS of trse statements. The extentto whth ow Fy0cere5 xeCapleofdet1r¥d wregukirOe5. kidudDYJ frd bekw. As part of an audit in a¢rx>rdartt with ISAS IUKI. exwEi5e professi)na JudW and maintsin professional scepticisrn throughoul the audit We also.. . I and asses5 t risks ofrnatenal rnterneDtOftr farI81 ststerrEnts. Wheth thje to fra orerrDf. deSn and perforrn audrt prOCdur te$W51ve to Ihose nsks. and obtain w¢iteVCe trbai is suffitAent and apptopriate to provide a basts fL¥ L¥Jrapjn. The nsk of detectir a mat1 misstatent reSUn9 from fraud is higher than for one regJltsNJ from Or. as fraud may {XAlrn. forgery. orntssnS. rnisrepre5entstion$. orthe [y4ere cl ternal contrd. . C>t8in an under5tanthg ofintem lekt to in order to on ajdit prCtedu that are apprLViate in the orGwmst8nce& notfthe PLYpJse of exptessThw an r4)ntr cffl the effecbness oflhe th4rilabK8 ompany's intemat c¥JDtrol. . Evaluate the aFpropriaterss dcoltir$ le$ Lsed arMI tt)e teawnabl5 of estitnate5 ar relaied disd(tsurÈs made by thetrtees. . Contlude the appr0pnar of trustees. use ofthe wng C%)reM bas ofacoyjntirg and. based on the audil evidence obtsined. a rnater%al Un)ty exi%ts reL lo evwts or conditK8 thai may cast Snan1 dbton the tharrtab wmpanys abibty 10 ¢%ntynue a5 a goiry conm. Ifwe eondude that a material uncertainty exists. we are required to draw attenbon in aur Rewrt ofthe Att0[$ io the related dOsure$ in thè finanttal statèments or. rfsuch dtsdosures are IrAdequate. to ftty OLW ttpinK)n. (r C4wdus#)ns are based tsn t audit evidence obrained up ts the date of our ReFA)t ofthe dttor. Hcrt¥ever. thre everrts or wncition5 may cause the rrnpy to ¢Ea5e lo tinue a5 a 9orMJ conthn. - Evaluate the overall wesentati(r,. sbwthre Clten10f atements. i)duding Ihe dixlcsures. an whether the financial statements representtft underfyfftg tran&ctons and e%Ents in a manner Ihalatheves fair presentstion. We communKate with Ihose chargee %ith 9Dnance reg8rtiry. ark>xKJ Olh¥ matte[5. tr anned scope and liming of the audil ar ncant auditf1rfftgs. InducfirwJ any £rat defvieThies ui intema ¢Ltr that we klentsfy dunng our A further éescripton of our resp1.1es pe¢ the dit d the financial #at#nents ts bratee on the Finanual Repo9 Ccunral's website at w¥vw.frc.oFS.LWaUditor5resSlb1kntteS. Trs 13escripts)n forms part of ow Report of the Indep2ndent AuditiJr5. Use off our Teport rewrt is ma¢Se solety to the charitfs tnjstees. as a bc•Jy. in accordartt Wth Part 4 of the Charitrts (Accounts an Repartsl ReguLatIO 2(. Our art wcAk has ten utydertaken 50 thal we mvjht state kj the chantys trustees IFSe rnatt we are Tequired to state to them in an auditors. rewt and for no other purpose. To tt)e fUlt extent permitted by law. we do no ept or assurne rewsibility anyone (ther kn Ihe chaiity Ihe £ariW5 trustees as a trndy. for our auditwork. f rL or for opIL5 ive have f(Xrn. & Company BLtsiness Soluik)S Limit ed Auditors ntants ha P•Je 6
ststement of Fironcial AMtieS for thÈ Ye¥1 31 Mah X)24 2024 Total funts 2023 Tot fijr fvnds fij INCOME AND ENDOWMEPtrs FROM DaS and legac$ 10.270 15.078 17.205 Other trading a£¥e5 IrNesbrent income 705 705 272.497 272 497 32.235 Total 277.305 10.975 288.280 49.935 EXpENDuRE ON RSIng funds Other trading ac*vtss 14.459 14208 28.867 59.496 14.459 14.208 28.667 59.4 charitab activities Grants payab 78.rJ1 78.731 38.352 Olher 1.020 Total 93.1 14208 107.398 96.868 INCOMEIIEXPENDITUREI 184.115 (3.2331 18D.882 146,9331 RECONCIUATrON OF FUNDS Total fiJnd5 broughtforward 2.421.385 18.192 2.439.577 2.486.510 TOTAL FUNDS CARRIED FORWARD 2.6[.500 2.620.9 2.439.577 The n(rtes form part oftw finarKsal 5tsternents Page 7
North Wal¢s FeMasOnS Charity Balance ShÈei 31 March 2024 2024 Tot fund5 20 Tot fund5 UnrethL1 Re5trkYed fvnds fijnd FtXED AssErs Tangible assets Inve$knonts 67.321 2.4Tr).901 67.321 2.400.1 67.321 2.117.067 2.468222 2.468.222 2.184.388 CURRENT AsSs Oebtors Cash al bank 12.334 126.958 12.3 141.917 14.959 247.684 139.292 14.9 154.251 256.649 CREDoR$ Amounts fallng due one year 10 12.0141 12.0141 11.4601 NET CURRENT ASSErs 137.278 14.959 152.237 255.189 TOTAL ASSETS LESS CURRENT UA8ILrtlES 2.¢05.5QJ 14.959 2620.459 2.439.577 NEf ASSETS 2.6a5.500 14.959 2.620.459 2.439.577 FUNDS Unrestrrted fvnds Restrith fvnds 2..5 14.959 2.421.385 18.192 TOTAL FUNDS 2.620.459 2.439.577 The financ&?1 staternents w¢ apwoved by the 60ord of Tntslee5 anLI a¢thJrised fu iwe on ... and were sgned on it5 beh&1 by-. PAJa The note5fDrrn partof trSe finanrial slalerrents Paap 8
MC Wa$ FMS Charity Notes to the Financial StalErnents forthe yw ended 31 Mar¢h a)24 AccounNG POLICIES Basis of preparing financial statements The finaru31 staiements of iFt thanty. 4 pubk beneft enbty uThSer FRS 102. have been prepared in a(rtance the Chanties SORP IFRS 1021 'AcLyxnting ar RePng by Charities.. Statement of Rernerfed Practce apable to tharibes preparmg their aiourts in acrnrknce wth the Finanaal Reporting Stsndard aFFIteab in the UK Rep1¢ of Ird8r%l IFRS 1021 leffectve 1 JanLWry 20191.. Finanoal Reporong Stsndard 102 The Fmala1 Rewxtirg sTaard arplicable in the UK Repu of Iran and Ihe Charitss Act 2011. The finanoal alvJrnts have treen prepared urder the h¢1 eonveni>)n. with the excepts' of investrnent5 which are Inde at marf4et Ve. by the revalua of aIrt assets. Income Al Inwrne is rec¢9ne In Ihe Ststem2nl of Financi¥ AthitÈs On the chaiity t$ enbttèrrent lo the fvnds. it is probab that the wll bÈ the arjnt can be meajred Expenditure Lk1b1es are recwised as expendtyre as sorm as there s a legd LY $trUdDIe oblvJation cunm¢thro ts ¢harty ts that expendthre. it ts prL)aL4È that a trar6fer of benefts be required in settlement and amount of the Olgati can be mea5Uted reliatrly. Ex[tth is acwunbj fc on an accn5 basis and has bn dassrfEd under headings that 4gregale JI cost rekted to the cate90ry. Whefe c05ts canrK>t be diredy aknbuted to partiwlar heaéirYJs they have been ¥lcKated to tsbe$ cffj a basis con&d)t the use of resources. Grants offer& subjeci 10 %¥hith have rk)t at the yw end d8te are rK)ted as a rxjmmitmthi trAJI ntst actxued as expendittjre. Tanglble fixed assets Depreciabw is prové& atlhe anruJ31 lates in order to write off eath asset tr4er its estirned useful lrfe. Taxation chty is exernptfr tsy ors its charnabk Fund accouNing Unrestncted fijnds be m ats>)rdance vrith ts tharttatle atlhe éwetion oflhe trustees. Rencts¢ thds can only be used for particuL2r reslricted purp)ses wthin the ¢ects of the tharity. Resthctth$ arise vh)en specrfd by the dortor Oren ftnds are raised for par)uJar restrioed pwposes. FLrtherexF4anation cl tho natyre and PLKF¢)se d 88th irtded in note5 lo tk finanrAa ststunlS. Pensjon costs aThl otrr ptsst4eiirtment bentllts charity operates a defin& contrtthoh p¢hw stheme. Contnb¢ns Payab to the thariiys pensft eme are drg& to the Statent of FInarla1 A¥th"e$ in Ihe towfuth reiHte. OTHER TRADING ACTlVtnES 2024 2023 Sa5 of rrErchandise 495 Page 9 Jntinued...
Notes to the Flnancial StatetTrts-continued for the year ended 31 IAarch 2024 INVESTMENT INCOME 2024 2023 Rents reNed Profilan Sa of Investments Charye in value of inve5tmerts InNe5trnenl tnctrne 10.OCA) 10.251 194.213 58.033 114.4181 18.0191 54.672 272.497 32235 Benwdei)l Fur Donations toGc)d CA Ty 2024 13846 50CO 11DOO Valley First Rewnders 50 SOCO 16000 ttynarrnc Chantywrexkm {NlasoAeCIty£SYK rroF£h fLrtsYI GrJrts K4attr. Fundwg thith eS Cwte 63746 enertt Fur¥J Dorwtions & GrJr PSA Te5br¥ Proiecl 40fA) 67746 TRUSTEES. REMUNERATION AND BENEFITS re were no IrL&Stees' remun¢r4bon other bBnefts for Ihe year ended 31 Marth 2024 nor for the ar ended 31 Marth 2023. Tru5tee5' expenses Ttere ¥4tre Th) tsiJsts' exFenses pahl forthe htJrerthd 31 Marth 224 for the year en( 31 Marth 2023 COMPARATIVES FOR THE STATEMENTOF ANANCIALACTivrriES Vnrestnrjed ds esthcted fu Total funds INCOME AND ENDOWMENTS FROM Donatiyts 3nd legatyes 6.B16 10.389 17.205 Othertrading 3ctivrtEs InvEStrnent inwrne 495 49S 32.235 32235 Total 39.051 10.884 49.935 EXPENDrtURE ON Ralslng funds Othertrading activths 48.087 11.409 59.496 48.087 11.409 59.496 Page10 (*ntinuÈd...
North Wales FrewMs<41s Charity for ywendEd 31 March X124 COMPARATIVES FOR THE STATEMENY OF FINANCIAL ACTivmES. Continued Total ftJn¢ts fu Chatitable 3ctivilies Grants paYae .051 301 36.2 Other 1.020 1.020 Total 85.158 11.710 96.868 NET INCOMEIIEXPENDrruRg 146.1071 18261 146.9331 RECONCILLATIOhl OF FUNDS Totsl funds brght forwrd 2.467.492 19.018 2.486.510 TOTAL FUNDS CARRIED FORWARD 2.421.385 18.192 2 439.577 TANGIBLE FIXED ASSETS Freehold propety COST At 1 April 2023 and 31 March 2024 67.1 NET BOOK VALUE At 31 March 224 67.321 At 31 March 2tr23 67.321 FIXED ASSET INVESTMEPUS ffj¥estments MARKETVALUE At l April 2023 RevaluaDCS 2.117.CE7 283.834 At 31 M¥th 2024 2.400.9)1 NET BOOK VALUE At 31 Mch 2024 2,4DO.9)1 At 31 Math23 2.117.067 TrEre wEre no investrnent assets cJi* the U costor valuaticn at31 March 2024 15 represerted by. 5ted Investrnents Valuati)n in 2Q4 2.400.901 PèJe11 (rtinued...
Ncffth Wales FMasOnS Chanty Notes to the Financial Stalements. continued lor tr ye¥nded 31 March XJ24 DEBTORS: AMOUFs FAWNG OUE byifHN ONE YEAR 2024 2023 ertsebtors 12.334 8.965 10. cREDORS. AmOUs FALUNG DUE WIThIN ONE YEAR 2024 2023 Otheruedittys 2.014 1.460 MOVEMENT IN FUNDS rrthfernent funds At 3113124 At 114r23 unreSt¢1ed funtts Incrme fund Benevolent 2.337.770 83.615 169.332 14.783 2.507.102 98,398 2.421.385 184.115 2.605.500 Re5tTiCted funds Tedd$ for Lowng Care 18.192 I3.2 14.959 TOTAL FUNDS 2.439.577 180.882 2.620.459 Net rnoverwt in fvTrJs. induded n the atove aTr as folows.. expenokd in fijnds Unre5trictEd funds ln¢cNnefd Benevdent 262.522 193.1901 169,332 14.783 27T.305 [93.1901 184.115 Restricted trJnds Tedd*s for Lowng Car 10.975 1142081 132331 TOTAL FVNDS 28B.280 1107.39BI 180.882 Page12 continued...
North Wales Freemas$ Charity for theywn(kd 31 March 2024 11. MOVÈMENT IN FUNDS. cortinued CompaRtives for movement in ftmds Net movèrnent fndS At 3113123 At 114 Unrestrficted Inwme lun 2.388.394 79.098 IYJ.6241 4.517 2.7.770 83.615 2.467.492 146.1071 2.421.385 Restricted fttnd5 Td$ tr Lowng Care 19.018 18261 18.192 TOTAL FUNDS 2.486.510 146.9331 2.439.577 Comparatw¢ nel rnoverrnt fiJTrJs. duded in Ihe atthie ¥e asfox.' Irorn9 Movement funds expended Unrestricted fund5 Income fund S¢nevoleni 32.384 6.667 (.008) I2.1) 150.6241 4.517 39.051 I.158) 148.1071 Restrided funds rdieS Loving Care 10.884 18261 TOTAL FUNDS 49.935 I.868) 146.9331 A ujrrent year 12 monts a¥KJ year 12 cc¢nb'ned is as fdlw". movement At 3113r24 At 1,,4 Vnrestdcted funds Income fund BenevcAent 2.388.394 79.098 118.708 19.300 2.507.102 98.398 2.467.492 138.008 2.605.500 Restriciwl fund5 TeddS fc Lomng Ca 19.018 14.959 TOTAL FUNDS 2.485.510 7.949 2.620.459 Pa13 continued...
Notes to the Financi StatemÈnts. corthued lor the ywended 31 IAar¢h 2024 MOVEMENT IN FUNDS- continued A current year 12 rncmths w•y year 12 cayrbned nèt rrx)vtThent fLnés. indu(d in Ihe above are as in fvnds Unrestricted fvrtd5 Incomefund Benevoleftt 1176.1981 12.1501 118.708 19.300 21.4XI 316.356 1178.3481 138.008 Restritted funds TdIeS ts Lwng Care 21.859 [25.9181 14.0591 TOTAL FUNDS 338.215 1204.2661 133.949 12. RELATED PARTY DJSCLOSURES Costs asra wrth ts cperatvJn of the Chwty are paJ by Provinoal Grand Lrxlge of Noth Wa. which 5h4res stsff and wemises the Charity. relbjcatèd to the Ch4tty an annual basis. These co*5 are £7.5LK) lorthe oJrrentyear1£33.220 for20231. Pa)e 14
Delailed StamÈntof Finan0 ActiViti¢5 for the yeartbxled 31 March 2024 2024 2023 INCOME AND ENDOVIMENTS oationS and legacies Dcnabons CCnmtYJrtS lo.5 4.783 12.915 15.078 17.205 Other trading a¢tlv¢llkS Sales of m¥chandise 705 IMie5tm?nt income Rents reC1ved Proffton sale of In¥estsYJents Change in walue of investrnents IrNesbnent Intrne 10.000 10.251 194.213 58.033 114.4181 18.0191 54.672 272.497 32.235 Tot31 incoming resourtes 288.280 49.935 EXPEN0uRE OtrtradIng activities Stockbroker service5 Purchases of Teddy Bears 14.459 14.650 11.591 28.667 28.241 charitab activitie5 Advertssng Gtsnts and donat)r 245 67.74S 36.352 67.991 36.352 Support costs Information tecnolo Svndr 720 Governance eosts Expenses re4loc8ted from PGL ditors. r•munwaDon Legal fees & regLstrabor 7.5 2.520 33.220 1.020 35 1D.020 34.275 Total resourcs expend 107.398 96.868 Net income1lexpendiluI 180.882 146.9331 Ths paye dces not form partoflhe srknrttryfin8llfAJ slaternents Page 15