REGISTERED CHARrrY NUMBER: X2691 forthÈ YÈar Ended 31 March 2024 for sdtstr￿ry & CoM￿Y Bu&ness L￿) Regtstered ￿￿dito1$ Nc4th Wa￿S Freanas￿s Chailty ontents tsf the Financial Statements for ￿ yearen¢kd 31 March 2024 PagP Repjrt dthe Tntstees 1 lo 4 RewE of the 1ndeperKlentA￿lknrs 5 to 6 Slatement of Financial Actp4il*s Sh*t No*e5 to the Financial Statements 9 to 14 Detsiled Statemeffl of Financial Adi¥ibe5 15 Repprt of the Tn￿leeS for ￿ ywended 31 March ￿24 The AS5O￿ation s Trustees Pr￿nt their Rep)rt akty tre st*ements 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￿$. Charities Aol 2011 the Statament of R￿AThmend￿ Practice.. Accounting ar￿ Reporting by Charttie5 20￿. OBJECTIVES AND ArnES Objective5 and aims The obpci of the CPwrity i5 the adv8neernent of Masonic rthMason￿ Ch3Tty by the mearts of two fithds. The Bèr*volent Fund i5 de￿e& to lAastsn￿ and Th)n-Mason¢ Chamy ard the Irwre Fund ￿1￿) is pritnarily devoted b the running co*s of the Charity and when fU￿ing levels alk)w. ro fvrttrtr Masonic and N0￿maS0n1C Chaiity. Tf* Be[￿VOlent Fund s SUpp￿ted by rnandacry sUbscmp￿S fr¢rn merntErs and by vduntsry ConlributK￿$. The Income Fund s SUPkX)rted So￿lY by eamirgs and irnerest frum its inveslmwts. ￿rtaI irtorne from it5 0￿e FKcperty and ad ho¢ donation$ from [r￿nber5. The purroses for the Fu￿5 may be used *e deki1￿ in Ihe A5$o(aati￿.S G0vem1￿ t)ooJrnent Rules nurnbwed 12.13 14. AJI mtsNe5 belcngmg to b)ese FurKL5 are kept apart in a Sepa￿tr Bank accfyJnL Al monies In I￿se accounts are unre5trii#e¢ and may be appl*d in Ihe futherance of the AsxKiatiw'5 objects in o)nforrnty the ASsaC￿tionS Ruks. The TLC Fund ts restrcted to rdwng the distress and suw of paiErts. parbwlady chiPJren. attend￿9 or admitted io acc￿￿1 and ern￿erKY unrts aThYlorwards of hLsprf* orwP¢ are In the care of the assocaatal ernergency services. The trustees unfirrn that they have relerred Iv the conta￿d in the Charity Commiss￿D.$ 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 TrUS￿eS ACHIEVEMENT AND PERFORMANCE Charitable actSvllle$ I have p￿aSUre Ln p￿Sents[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$h to recud my thanks to all the Truslees have lvtsrked dil¥enty thrwhtyjt the star to erwre that Ihe Charity has comr1￿d fulty its govemin9 doGument. CharT¥ C￿Arni$￿￿ ￿J￿anCe and its oVer￿M9 Chanta)￿ credentiat5. Thanks ￿$0 w 10 our PresdenL Bro. John C. Hodl. PrtswnrAal Gpno Master. w.￿9. NKMas P Wtyknvard. PrtsvNvl Gra￿ SeC￿ry. Salty co￿.er. Office Admintstrator and W.Bro. Makdm Melk)r. NWFC Treasur¥. fr)rth￿r SLPPryt ar¢ enctyJr8gement. I pay parDoJLgr tribLrte to W.Bro. Jc*n R. C¢lli#¥. Se(xetsry to Ihe NMIFC. th. upcn the re￿rement tsf Office fina￿81 adm5nistrator. Jaqui Raco. adCp1￿ all matter5 assoriatee with the fna1mx￿ contrrA of the NWFC and continues to Kvork dllyJen￿Y on behaw af the Charity. OuAry year. W.BrD. kn Prcsser adLF*ed the ro￿ of assistani secretary to the NWFC has prtrrided u5 with an èSY¥b"c¢)al r¢5owGe to cwe ￿￿th ￿lIdaY per￿ arbj the d￿ek)￿￿Ènt and adoO'cfft of new Irutialnies. The United Grand L￿ge of EngtaTrS laUr￿h￿ thew Seven str*w Rts*map 2022 to develop their res￿SeS to the Roadmap and to devebp o%vn stratsuie5 to thve for￿￿¢ Ihe vtrv)u5 deTnent5 cmlained within the UGLE ffj*map. The NWFC hes an Imr*)rtarrt tDle Lo Flay In what LS termed Ihird pillar of the UGLE stsategy. narnety. C￿rnunty eng8geNEnt. The NWFC has aw been ccnsci￿s of its rde in pr(xnoting community e￿agement through ts grant mthng faalrty t•Jt in r2spDn¢irg to the Ihird prflar. thè thrity have an enhanod role lo play In ext¢nded and buildirg upon ts currertt tevd oferMJagemenL The Charity relie$ al[r￿t 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 con*dered to be expèrts In Ihe field ol investhent ￿ behalt of chant￿& The NWFC r￿￿e5 quarterly reports frcm Breiwn Dolphin and hdds face to face meetiros per year. To ensure best pr￿C￿e 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 ￿tour￿l￿g svjns that Lodges and clwjters are takw ac*anMge of the thme. 2nd rt Is antiopated that this trend ￿11 continue and expand. These Int￿en￿onS by the enaNe us to ¢evebp further our plan5 for c¢)mrnunty engagement by fo¢yJs$ing yAKatsons that prowde a derr￿lStrabk CA)mmwry bweft The Trustees always endeavour lo look faV￿rablY 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 F0uThJa￿n and it i% h2arknro to know that vle continue to hove an enviable success rate for SU￿￿55￿1 apFAKatJcns As In pYevw)us year5 1 pay tnbute b) oJr Pfovincid GAnd Ch3nty ste￿￿rd. W.8ro. Morgan Tudor. for the diligent way in he nawgate5 1hro￿h o)rnpkx prcEedutes arQ crilena ¢DYffl by MCF f¢r grant applIca￿n5 and ￿ his unstntng SL￿pL¥Lfo[ and ¢h8Fl¥ Charity siewarc5 bDth new and old. The NWFC TnJstees are very experienc&1 In resp(￿5￿¥￿ raV￿Y to the calls for 0laritsb￿ assis>nR frorn Lt)Jges. Chapters. inrtmdua members. arKI worthy causes our C￿rtMUn￿es ar￿ Ihey I￿k forward to being able to ￿pOnd b rnany rn￿e requests for chtiritab￿ a￿st￿Ce 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 n*ees have WffiTr￿te￿1encE. kmvA&ge a)d Èxpertse to r￿t 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 cday decI￿nS f(￿ the of the Assocbat4)n. to invest funds, to mwage pr￿rtieS and ather investrnents. and ￿ aproint as apprryjriate. agents to * on behaff of the AsstiLiatK)n. The Tru**s seTh*d dunroJ the pwc#Y covered by trus Rernrt ¥e as set p3Je 1. On arpoinThent new ffijstees an induL*icn progr￿tr￿ ￿dL&S slxjrt meetings wth the Vice p￿￿denl 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 r￿pY of the 9)verThry d(￿rnent a copy of the Charity Comrni5sion's jU￿ance." Thè Essenbal Tr￿. What You Need To Knovf and"Charitses and Pui4t ￿r￿ce OelDie Risk management The trustees have examined Ihe tnaJcK Strateg￿ Operati￿ ri*s whith the charrty fac*$ and confrm Ihai system5 have been e*abLBhed to enab￿ regular repDrts to be pr(￿￿ed * thai the ne￿Sary can be to ￿Sen th￿e 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 Reg￿terert 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 Pre￿ent D C ThLYn85 Vice President W O Davies Vic&Pres￿ent P A Jarnes V￿e Pre&dent & Chairman M R m￿l￿Treasurer 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 B￿nesS Sdution5 Lrntted Rrfistered Auditors Chartered Acts￿￿tants 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 st￿￿r￿s (unit￿ Kiwm G¥)eraly A￿￿pted ALwuntirvJ PraGti￿I. Page 3 Nr*ih Wales Charity ReportoftheTntstees lor th*ytar ended 31 IAareh a124 STATEMEIIT OF TRUSTEES. RESPONSIBILmES-continued The law apFlicab￿ to thaiilies in EngL3nd and wa￿S. C*ariries ￿ 2011. Charty IAw)unts and Reputsi Regulatons 2008 the prowsions of the tryst deed requffts the tr￿tee5 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 pd*4e5 and Ihen apply them corfystenuy. obsetve the metho¢s and wr￿￿￿$ in the CW SORP.. make I￿gernents and &tstnates that are reasonabte and prUd￿t epare the fin*￿. Conrlu5ion5 relating to eoncem In auditing ts finan￿1 stslerrents. we have ts)ndthJed Irusiees. ofthe wkig ￿{￿rn ba515 rf ac£ountyrs in the preparabon ofthe financial slaterr￿ts 15 aFpropnate. Based cfi the werfc FÈve pwforrr*d. we have ncl ￿nthfied any Mat￿la1 Lfttrtatti￿ to events or condnions that IndDii#U￿ty or ￿llect￿e￿. may cast s￿nIfiC3M do￿1 on the abibty to ¢Clltiruè as a gThng ccncem fu a pericd cé at least￿￿Ve months frem vthèn the fmanLatil sfatemerts are aut￿￿e& for Esue. Our responsibil￿eS Ihe ￿SpOnsibl￿beS of the ￿Ste85 With rtspect to goThJ cortem are described in the r¢kvant sect￿nS 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 I￿epEndemtAudrtorS 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 a￿j(C of fffjanLaal &aternen15. cw respDrtsbilty ￿ to read the other inlormation and. in dc¥ng so. on$¢er whether the other Infomatic#) ts matenally ￿K¥In5￿tent with the fnanual ststerp.ents C￿ wr kr￿wledge obtained In the audit or otherwse appears to ￿ m8ter5ally wi5Stated. If iden)fy ￿ material Incongstencies or apparent material misstatements. we are wuired to dÈtÈminÈ whet￿r Ihis gn￿s rise to a materi& rrdsststernenl in the finantsal staièments IrtmseP¢es. If. based on the work we have pertorrnee. y￿ C4xdude that Ihere Is a mater&¥ misst8temeni of trus ott)er Inf￿nati￿. we are reqwred to reportthat facL We hak* rbr•thrvJ kn re￿ in regard. Mat*rs on whith we are required to report by eX￿pI￿n We have nothing to rEFK￿l ￿ respect of the fdbwng rnatt￿5 vthere Chartses {A￿￿rts and Reports) Reguklx)ns 2￿8 requ'.res u5 to report to you If. In our opinw". the IrTformall￿ gwen In the Rep)rt ofthe Trustees B In¢￿$￿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 rec*wed 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 prepara1￿Jn of the rinantyal statements ivkuch g￿e 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¢t￿en( whetherdue to fraud Ore￿￿. In preparing the finanual ststements. .￿e$ are respOn>￿e for assèssiry Iho charitls abilty to mntinue 35 a going conr*m. dis(4wn9. 3$ applicab￿. rnatter& reWed lo gciry C￿￿rn 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 aU￿try5 un¢tef Secbon 144 OF fv Chartss 2011 and rewl n aCcc¢dan￿ the Act an rdevant regULat￿n$ m￿e or having effecl Iher*nder. OLf obiectnies ¥e to obtain assum￿ abc*rt 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 opin￿n. Reasonable assuran￿ is a hKJh level of a55uraKe. bui ts not a suarantee that an aurfit 0￿du(led in acoydaKe with ISA5 IUKI wll aTrways dete& a [r￿tend m￿S￿leM￿)I when it e￿$ts. Mtsaathments can arise from fraué ￿ error and are eon#dered n?terki1 rf. Indiwdually or in the aggregate. they cyJJd reasonabty be expected to influence tt)e ewrornic deosH)rts ofusers tsken rn the basLS of tr*se statements. The extentto whth ow Fy0ce￿re5 xeCap*leofdet￿*1r¥d wregukirOe5. kidudDYJ fr*d bekw. As part of an audit in a¢rx>rdartt with ISAS IUKI. ￿ exwEi5e professi)na JudW￿ and maintsin professional scepticisrn throughoul the audit We also.. . I￿￿ and asses5 t￿ risks ofrnatenal rn￿terneDtOftr* f￿ar*I81 ststerrEnts. Wheth￿ thje to fra￿ orerrDf. deS￿n and perforrn audrt prOC*dur￿ te$W￿51ve to Ihose nsks. and obtain w¢iteV￿￿Ce trbai is suffitAent and apptopriate to provide a basts fL¥ L¥Jrapjn*￿. The nsk of ￿ detectir￿ a mat￿1 misstat*￿ent reSU￿n9 from fraud is higher than for one regJltsNJ from ￿Or. as fraud may {XAl￿rn. forgery. orntss￿nS. rnisrepre5entstion$. orthe [y4er￿e cl ￿ternal contrd. . C*>t8in an under5tanthg ofintem* lek￿t to in order to o*n ajdit prCtedu￿ that are apprLViate in the orGwmst8nce& notf￿the PLYpJse of exptessThw an r4)ntr￿ cffl the effecb*ness oflhe th4rilabK8 ompany's intemat c¥JDtrol. . Evaluate the aFpropriater*ss d￿col￿tir$ ￿l￿e$ Lsed arMI tt)e teawnabl￿5 of estitnate5 ar relaied disd(tsurÈs made by thetr￿tees. . Contlude ￿ the appr0pna￿r￿ of trustees. use ofthe wng C%)r￿eM bas￿ ofacoyjntirg and. based on the audil evidence obtsined. a rnater%al Un￿￿￿￿)ty exi%ts reL￿￿ lo evwts or conditK￿8 thai may cast S￿n￿an1 d￿bton the tharrtab￿ wmpanys abibty 10 ¢%ntynue a5 a goiry con￿m. Ifwe eondude that a material uncertainty exists. we are required to draw attenbon in aur Rewrt ofthe A￿tt0[$ io the related d￿￿Osure$ in thè finanttal statèments or. rfsuch dtsdosures are IrAdequate. to ft￿ty 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 r￿rnp￿y to ¢Ea5e lo ￿￿tinue a5 a 9orMJ conthn. - Evaluate the overall wesentati(r,. sbwthre Cl￿ten10f *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 9D￿nance reg8rt*iry. ark>xKJ Olh¥ matte[5. tr* ￿anned scope and liming of the audil ar￿ ￿n￿cant auditf1r￿fftgs. InducfirwJ any ￿£￿￿ra￿t defvieThies ui intema ¢L￿tr￿ that we klentsfy dunng our A further éescripton of our resp￿1￿.1￿es pe¢ the ￿dit d the financial #at#nents ts bratee on the Finanual Repo￿￿9 Ccunral's website at w¥vw.frc.oFS.LWaUditor5res￿Slb1kntteS. 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 W￿th Part 4 of the Charitrts (Accounts an Repartsl ReguLatIO￿ 2(￿. Our a￿rt wcAk has t*en utydertaken 50 thal we mvjht state kj the chantys trustees IF￿Se rnatt￿ we are Tequired to state to them in an auditors. rewt and for no other purpose. To tt)e fUl￿t 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 op￿IL￿5 ive have f(Xrn￿. & Company BLtsiness Soluik)￿S Limit ed Auditors ntants ha P•Je 6 ststement of Fironcial A￿MtieS for thÈ Ye¥*1￿ 31 Ma￿h X)24 2024 Total funts 2023 Tot fijr fvnds fij INCOME AND ENDOWMEPtrs FROM D￿a￿￿S 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 EXpEND￿uRE ON R￿SIng 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 F￿eMasOnS Charity Balance ShÈei 31 March 2024 2024 Tot fund5 20 Tot fund5 UnrethL1￿ Re5trkYed fvnds fijnd FtXED AssErs Tangible assets Inve$knonts 67.321 2.4Tr).901 67.321 2.400.￿1 67.321 2.117.067 2.468222 2.468.222 2.184.388 CURRENT AsS￿s Oebtors Cash al bank 12.334 126.958 12.3 141.917 14.959 247.684 139.292 14.￿9 154.251 256.649 CRED￿oR$ 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 tr￿Se finanrial slalerrents Paap 8 MC￿ Wa￿$ F￿M￿S Charity Notes to the Financial StalErnents forthe yw ended 31 Mar¢h a)24 Accou￿nNG 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￿ ReP￿￿ng by Charities.. Statement of Re￿￿rnerfed Practce apa￿ble to tharibes preparmg their ai*ourts in acrnrknce wth the Finanaal Reporting Stsndard aFFIteab￿ in the UK Rep￿1¢ of Ird8r%l IFRS 1021 leffectve 1 JanLWry 20191.. Finanoal Reporong Stsndard 102 The Fma￿la1 Rewxtirg sTa￿ard arplicable in the UK Repu￿￿ of Ir￿an￿ and Ihe Charitss Act 2011. The finanoal *alvJr*nts have treen prepared urder the h￿¢￿1 eonveni>)n. with the excepts'￿ of investrnent5 which are Ind￿e￿ at marf4et V￿e. by the revalua￿ of ￿aIrt assets. Income Al Inwrne is rec¢9n￿e￿ In Ihe Ststem2nl of Financi¥ AthitÈs On￿ the chaiity t￿$ enbttèrrent lo the fvnds. it is probab￿ that the wll bÈ the ar￿jnt can be meajred Expenditure Lk1b1￿es are recwised as expendtyre as sorm as there s a legd LY ￿￿$trUdDIe oblvJation cunm¢thro ts ¢harty ts that expendthre. it ts prL*)aL4È that a trar6fer of benefts be required in settlement and amount of the O￿lgati￿ can be mea5Uted reliatrly. Ex[t￿th￿ is acwunbj fc* on an accn￿5 basis and has b*n dassrfEd under headings that 4gregale JI cost rekted to the cate90ry. Whefe c05ts canrK>t be diredy aknbuted to partiwlar heaéirYJs they have been ¥lcKated to ￿ts￿be$ 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 estirn*ed useful lrfe. Taxation ch￿ty is exernptfr￿ tsy ors its charnabk Fund accouNing Unrestncted fijnds ￿ be m ats>)rdance vrith ts tharttatle atlhe éwetion oflhe trustees. Re*ncts¢ thds can only be used for particuL2r reslricted purp)ses wthin the ¢*ects of the tharity. Resthctth$ arise vh)en specrf*d by the dortor Or￿en ftnds are raised for par)uJar restrioed pwposes. FLrtherexF4anation cl tho natyre and PLKF¢)se d 88th irt￿ded in note5 lo tk finanrAa ststun￿lS. Pensjon costs aThl otr*r ptsst4eiirtment bentllts charity operates a defin& contrtthoh p¢hw stheme. Contn￿b¢ns Payab￿ to the thariiys pens￿ft ￿eme are d￿rg& to the Stat￿ent of FInar￿la1 A￿¥th"e$ in Ihe towfuth reiHte. OTHER TRADING ACTlVtnES 2024 2023 Sa￿5 of rrErchandise 495 Page 9 Jntinued... Notes to the Flnancial StatetT*rts-continued for the year ended 31 IAarch 2024 INVESTMENT INCOME 2024 2023 Rents re*Ned 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 ￿en￿￿ertt 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) tsiJst*s' exFenses pahl forthe htJrerthd 31 Marth 2￿24 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 paYa￿e .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 br￿ght forw*rd 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 2￿24 67.321 At 31 March 2tr23 67.321 FIXED ASSET INVESTMEPUS ffj¥estments MARKETVALUE At l April 2023 RevaluaDC￿S 2.117.CE7 283.834 At 31 M¥th 2024 2.400.9)1 NET BOOK VALUE At 31 M￿ch 2024 2,4DO.9)1 At 31 Math2￿3 2.117.067 TrEre wEre no investrnent assets c*Ji*￿ the U costor valuaticn at31 March 2024 15 represerted by. 5ted Investrnents Valuati)n in 2Q4 2.400.901 PèJe11 (rtinued... Ncffth Wales F￿MasOnS Chanty Notes to the Financial Stalements. continued lor tr* ye¥*nded 31 March XJ24 DEBTORS: AMOUF￿s FAWNG OUE byifHN ONE YEAR 2024 2023 ertsebtors 12.334 8.965 10. cRED￿ORS. AmOU￿s 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¢cNnef￿d 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 theyw*n(kd 31 March 2024 11. MOVÈMENT IN FUNDS. cortinued CompaRtives for movement in ftmds Net movèrnent f￿ndS 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 T￿d￿$ tr Lowng Care 19.018 18261 18.192 TOTAL FUNDS 2.486.510 146.9331 2.439.577 Comparatw¢ nel rnoverr*nt ￿ fiJTrJs. ￿duded in Ihe atthie ¥e asfo*x.' Ir￿orn￿9 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 r￿dieS ￿ 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 Tedd￿S fc* Lomng Ca 19.018 14.959 TOTAL FUNDS 2.485.510 7￿.949 2.620.459 Pa￿13 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 T￿dIeS ts Lwng Care 21.859 [25.9181 14.0591 TOTAL FUNDS 338.215 1204.2661 133.949 12. RELATED PARTY DJSCLOSURES Costs as￿r￿a￿ wrth ts cperatvJn of the Chwty are pa*J 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 Sta*mÈntof Finan0￿ ActiViti¢5 for the yeartbxled 31 March 2024 2024 2023 INCOME AND ENDOVIMENTS o￿ationS and legacies Dcnabons CCnmtYJ￿rtS lo.￿5 4.783 12.915 15.078 17.205 Other trading a¢tlv¢llkS Sales of m¥chandise 705 IMie5tm?nt income Rents reC￿1ved Proffton sale of In¥estsYJents Change in walue of investrnents IrNesbnent Int￿rne 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 EXPEN0￿uRE Ot￿rtradIng 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 tec*nolo 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 resourc*s expend* 107.398 96.868 Net income1lexpendilu￿I 180.882 146.9331 Ths paye dces not form partoflhe srknrttryfin8llfAJ slaternents Page 15