REGISTERED CHARITY NUMBER: 212691 Report ofthe Tr￿stee$ and Fir¥ncial Sl*ements for the Year Ended 31 March 2025 North Wales Freemasorts Charity sa￿$￿ & Company Business Solub￿$ tsmited Registered Audrtors North Wales Freemasons Charfty ConteTts ofthe Flnancial Statements forthe yearended 31 March 202S Page Rep)rt ofthe Tnk5tees 1 to 4 Report ofthe ln￿￿￿K￿Audlto 5 to 6 Statement of Financial Acttvitses Batance Sheet Note& to the Financial Statements 9 to 15 Detsiled Slaiement of Financial Aeti¥i 16 Rep)rt of the Tn forthe yearended 31 March 2025 Thè Awoation's Trustees kKesent their ReiKxt along wih the finanaa statem￿$ of thè Cliartty for the year ended 31 Mard) 2025. The finanoal statements have twi prepared in awdanTr with the accxjunting poliries set OLrt in note 1 and compty the charitls rules. Charities Ad 2011 arKI the Slatement of Re￿mended prath"￿." Accounting and Reporting by CharTties 2(K)5. OBJECTIVES AND AcnvmES Objectives and aims Thè obiert of the Charity is the advanL?ffl￿ gf Masonr and r￿￿maSOn￿ Chanty by the means of fv40 funds. The Benevoknt Fund is devoted to mason￿ and norFmaSon￿ Charity and the IrKX)me Fund which is primarily devoted to thè running costs of the Charty ar¥J when funding levels allow. to further Masonic and non-Masoni¢ Charity. The Benevolent Fund is supported by mandatory subscripkns from members and by voluntary o)ntribLrtions. The IncorY* Fund is supported solely by eamings and interest from ts Invest￿￿. rental irKx)me from its Offi￿ pro[￿ and ad hoc donations frtsm rrembers. The purposes for whith the Funds may be used are deta.￿ in the Asso(iatitsn's Goveming Document Rules numbeted 12.13 and 14. ￿1 monies be1￿Ing to thèsè Furjds are kepl apart In a separate Bank a¢xounl. Atl monies in these ac(x)unts are Un￿tricted and may ￿ appl*d in ttE of Ihe AsscKiation's objects conformity vmh the Assooation's Ru￿. The TLC Fund is restri¢Xed to relie￿n9 Ihe distress and of pthnts. pa￿.￿lIa￿ thiklTen. attending or admitted to actsdent and emergercy unts an¢Yorwards of hoEPrtals orwho are in the care of the assixiated emergency seNices. The tnjstees that they have referr8d to the gUKI￿ ¢x￿al￿ in the Charity ComnNssiort'S 9en¢ral guidan￿ on public benefft when rewew¢ng the Charitys aims otiethves and in ￿8￿nry frrture activths and setbng the grant makn.ng policy for the year. Pè3e 1 North Wales Fr¢erna$￿S CharTty Rèportof the Tnjstees forth• yearended 31 ￿r¢h 2025 ACHIEVEMENT AND PERFORMANCE Charitable activities I have pleasure in presenlirKJ my repc*t as ChaiM￿n of Ihe N(th Wa￿$ Freema￿$. Chanty {￿Cl for the year April 2024 to Marth 2025. Before briefy commentirthJ UF*)n the work of the Chariiy I wsh. orre again. to record my thank$ to all the Trustees who have continLkd to work diligenty througW the year to ensure that the Chanty has complied fvlty with rts Goveming Doajment. Charity CoMmiss￿an Guidance and rts overarching tharitat￿e (xedentsals. l also pay tribute to Icrtjge and Royal Arch Chapter Charty Stewards who resporKI posttivety to all the initiatsves intr(ThltJrA by tharty and for the work ol tre Provinclal Grand Charity Steward who prowdès ti[￿ athce and guidan￿ to 11)(>se Charty s￿ards as well as takn.ng fu15 advantsge of all fvnding streams avatlabte throl￿h Ihe mason￿ Charitatde Foundatson. Our thanks aL80 go to our PrÈsidenL Bro. John C. Hcwjlt. PrDvÈna* GrarKI Master. W.Bro. N¥thcAas P. VVex)dward. Provincaal Grand SEuetary. Salty Colier. offi￿ Adrnint51Tator and W.Bro. Matolm Melkjr, NWFC Treasurer. for their support and enc£Juragement. The 2025 fir)anCA￿ year will witness the rdiretnent of our ujrrent Pr*dent and our ajrrent Treasurer both ofwhom have gNen eX￿1￿￿t 8eMGe and thew fijlw to the %bY)rk of the NWFC. ￿ offer our sincere thanks to them and wsh them a happy and long rets"remerrt. Last but certainty not least my grateful tha￿, as aw. go to W.Bro. John R. Colli5ter, Secretary to the NWFC. who continues to work diligenty on behaw of ￿ Chanty er￿Ul1r0 that we o)mpty with our obliqth.ons under our govemng d￿Ment, various ￿lI￿e5 and procedures aThJ ChaTty Corllmissl￿ Guidance. We are also grateful for the assistan prowded by W.Bro. Jonathan D Prosser vkno. in additw)n to aL*ng as se• to the tM¥ty estsbllsf￿d Communty Engagement Team, acts as ￿$tant to the NWFC Sec¥etary. The tharty relies almost entirety on the in(x)me trom rts investments for its administration ¢wsts artd grant making abilty. Those investments are administered on our behaff by RBC B¥ewin t)olphin Wealth Management who are considered to be experts in the f￿]d tsf investrnent on behatf of chaiilies. The ￿￿1Ve$ q(Jartety reports from Brewn Dolphin and hokls fa￿ to fa￿ meetings per year. To enwjre best the NVVFC Trustees do. from to subject Brewn Dolphin to perfornianee asse5srrEnl. The FinarNial Statements cc￿Thn that we remain ￿ track in terms of w required investment incA)me allowing us to maintsin our de$ir•Y tevel of to Loty, Chapter5 and other worthy caws in a¢xI)rdar￿ with OLsr pdioes. rhis finanryal year has seen the N￿c Matd)ed Funding Stheme beix)ming very F¥)pubr amongst Lodges and Chapters. The￿ a￿ very eruuraging sigr6 that indNtdual Lodges are inueagngty seeking Sorr￿ form of fvnding from the NINFC tn support of communty-based worthy (zuses that ttw have Jdentthed. The Trustees a￿ayS endeavt)ur to look favOura￿Y up)n such applications subpd IO a limited number of reStr￿bOn$ laMI ¢Jcwn by the Trust￿ to ensure equitable distritxrtion and pwdent use of ctharitabje funds. In response to the United Grand Lodge of EngL4nrfs IUGLEI seven-year strategy published in 2022. the NWFC was d)arged by the Provin(ial Grand Master wilh the task of devekping pof¥ies on Communrty Engagement (CD being the third main strategic yllar of the UGLE thategy. In resFKnse to that chatlenge. the N￿c establis￿ a small Communty Engagement Team to fvjrther the ayns of the CE agerK1a. The Team develot%d th¥ee maFy CE projects during the year which proved to be very succes5fv1, namety the RAF ValEey CtrResroThYers support vehk* appeal, the Samar¥tans Vdunteer Rerxuthent Scherne and the North Wales Mcyjntain RestxeA5S(Kx*w Mattt￿d fvrKfing stherrE. l am also pleased to ￿port that the Charity cDntinues to tske bjll a￿antage of the Vari￿$ grant and matth ftjnding schemes promoted by the Mason¥c Charttable Foundation and rt is heartening to kncw thatwe ￿)ntinue to have an enVIa￿e success rate for successfvl applications. As in wevious years I pay thbute to our Provincial Grand Chanty Steward. W.Bro. Morgan Tudor. for the dilKJent Way in whth he navigates thrwgh ￿ comFdex prC￿edU￿$ arvj eriteria laid down by MCF for grant applications. The ￿c Trustees a￿ very eXwi￿d in resFthJry rap¥j￿ to Ihe various calts ts thatitable assistan￿ from LTrJges, Chapters, individual memLet5. and worthy cause5 Within ￿Jr communtses and they look foThtsrd to being able to res￿nd to many more reouests for charitabk assStsn￿ wthin the Prownce of North Wales and. in pat￿011ar, requests for eligible Matthed Funding from Lodges and Royal Arth Chaptws where thwe is a (letsK)nstrab￿ levet of ry)mmu'nty engagement. During the year the NWFC T￿1ved 119 aFVications fcf assistarte. of whith % were aF4)roved, from IcKJges. Chapters and third parties of which 54 were matc*ed ftmdiThJ appIti*￿$ gNiTrJ a dear indK3bon of the populanty of the M8tched Funding SthenE. PaJe 2 Report ofthe Trustees forthe yearended 31 March 2Q25 The NWFC ex)fflinued to support the wor* of the TeddEs for LovTrw Care Commrttee. To ensure the successful eontinuation of TLC. which is a wdl*stabli5hed and much-loved tharty wthin the NWFC family, the NWFC set aside a 9Jm of £10,LY)O to provbde a safèty net to TLC to ensuie suffia.ent funds were ahvays 8waiL4iAe to support and develop the stheme. To date ihat has not been ar£essed but remains available sh¢yJkJ the need arise. I pay tribute to the IcM3ges and thapters who have stepped up to gNe annLSal dOnati￿S to TLC to enaNe tf*m lo o￿tinUe and their eX1￿￿tt servre. 2024125 proved to be a year of intteased acbvity for the Trustees of the NWFC and the oJrrent indi(2t¥Jrts are that 2025r26 11 see a furtrv dernand on our seNices as we address fvrther the aims of Cgrnmunty Engagement and appty as mu supFM)rt as we are able lo further the ctiaritatle ueilentsjs of inthidLd kMJges and Chapte¥s. FINANCIAL REWEW Investmerrt policy and obiecoves There are no restric*ons on the Charitys lo TrwesL Thè inVeStr￿ strategy is set by the Trustees by considering the income requiren*nts, the rtsk profik and the stCM*brokerfs vthv of thè market prospects in the medium term. This strategy is set wthin an overall poliry to invest in l(rw and medium risk investments. Reserves policy The polry of the th3rtty is to create sufficient reserves to maximise Ihe contribution that will be made to the forthcoming Festwal. and this poliry will o)ntinue for fijtU￿ Festivals. ￿th the kn￿lMent of that aim the reserves are rètsined to provide ffiryent fvnds to cover managemerrt and &ministration for a period of Nvefve months and to res￿nd to applications for grants whi¢* wise from tThe to time. FurKlswere maintsined at this IhroughtyJt the year. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing d￿Ument The ConstrfLUtion of A$Sotsatic￿ is set Ixrt in the Goverruro DoDJment of Ihe North Vvales Freemasons, Charity which s adopted by the Association on 18th NovemLw 2019. These RLts prowde that the members of thè AsStKxatK)rk's ExeaANe CorRrnrtt* shall be the Trustees ofthe A&￿￿th￿. The Trust*s shall exer(x%e all r￿￿ry day.tw dec]sic¥￿ for tt)e furKkniAg of the AsscKAation. to invest fvnds, to manage properb"Ès and other investments. and to apFM)int. as approp￿te, ager)ts to aal Stat￿entS in arxx?rdar￿ with applicable and Unrted lfjrvJdom ACcoU￿1n9 StsThtsrds {Unrted IfjAgd(xn Generalty Acr*pted A￿Unting Practice). The Lw applicabb to d￿rrt*S in Eng￿ftd and Wales. the Charthes Act 2011. Charity lkn)unts and Rèports) Regulations 2008 and the prtsvisions of the tnjst deed requires the trustees lo prepare finawal statements for each ffinanLaal year which gNe a tnje and fair ¥iew of the state of affairs of the tharity and of the irKoming resour￿ and application of resourr£s. induding the income and expenditure. of Ihe for that In preparirrfJ t￿ finanLyal Ststements. the trustees are rÉqu&red to observe the methods and priftri￿eS in the Charity SORP. makèjudgernents and estimates that are reasonab￿ arKI prudenL' FKepare the financaal statements on Ihe 9C4ng COr￿M ba&s unless it is irop￿0pnate to presume that the tharrty will continue in bu&ness. The trustees are responsrble for keeping proper actouniing records whith disdose with ￿asonable accuraGy at any time the financial position ol the tharity to enab￿ thÈm to ensure that Ihe firwnoal statements comply wth the Chalities A¢t 2011. the Charity IAcwJnts and Reports) Regulth"ons 2LK)8 arKI the prowsh)ns of the Injst deed. They are also responsible for safeguarding the assets of the Glarity aThl herte for tsking reasonab￿ steps for the prevention and detethon of fraud and other wregularilies. Approved by order ofthè board of trustees on..... . .... .. and signed on rts behaw by: PAJames- Pa3e4 Re￿rt of tr￿ Independent Auditors to the Trustees of North Wales Freemasons Charity Opinion We have aUdrt￿ finan(ial statements of North Wales Freern*ws Charity (the 'thaiity) for the year ended 31 Maid) 2025 ¥thich ttjmprise the Statement of Financial AdNtss. the Balance Shèet and ￿teS to the financial statements. induding a summary of stgnrficant a¢(x)unting FM)liaes. The fir￿C￿j reFM)rting framework that has been applied in their rKepar8tK)n is appI￿ab￿ aThJ Unrted IQ.￿d(￿ AccountiTh3 Standards (United ￿"ngdoM Generally A(zepted Accounting Proth￿1. In our opinth the financial State￿￿nIs." gwe a true and fair VI￿ of the state of thè thanV$ affaws as at 31 March 2025 and of ts inoyning resourtss and applIcatk￿ of resour￿. for yearthen ended.. have been propety prepared in accordan￿ vrith United lQngdom Gener31ty Accepted A¢xouth"ng Pra#ice,' and have been prepared in accordan￿ with the requirements ofts Charities Act 2011. Basis for opinron We conducted our a￿lf( in a￿dance wth Intemational Stsndarts ￿ Auditing (UK) IISAS IUKI} a￿1 appliCa￿e law. Our iesponsibilth'es under those standards a￿ furlher descxtbed ui the Auditors, responsbilit*s fr)r the audit of the finanoal staterrEnts section of ¢JJr report. We a￿ iThJ4ErKlent of the tharity in arAx)rd8n￿ with the ethical requirements that are relevant to our a￿rt of the finarKJal ststements in the UK ind(hYing the FRC'S Ett)ical St8r>dard. and we have futfilled OUT other ethicd reSWn&bil￿es tn accordarKe wih these reqUtrery￿nts. ￿ believe that the audtt eviden￿ we have obtaned is suffic￿nt and appropriate to provKle a bass for c¥Jr opin￿. conclusior￿ relating to going concern In aud￿ftg the financial statèrnents. we have conduded that the tru51ees Ltse of the wrng ex)n￿rn bass of actounting in the preparation of the fironcial statements is approwiate. Based on work we have performed. we have not vJenbf*d any m*erial urrertainties reJab"Th3 to everrts or conditv)ns that, indwidualty or collectively, may east signffiTrnt doubt on the (tsttys abilty to continue as a wiro (￿)n￿rn for a period of at st twelve rTK)nths from when finawal statements a￿ authorised for is%Je. Our responsibilities and the re¥#Y￿1bIIth5 of tr* ItUStees with resFecl to I￿r￿M are de￿bed in the rel¢vanl se(*ons of this retK)rt. Other infornation The trusteès are responsible for the other infotTrBlion. The other infoM￿.0n (x)mwises the infomiation induded in the Annual Report, other than Ihe finanoal statements and our Report ofthe I￿le[endent Audrtors Ihereon. Our opinion on the finan¢ial statements does not (x)ver the other inF(￿lation and, except to the extent otherwise expli¢ity stated in OUT repcxt. we do not express any f(¥m of assuran￿ ¢)￿dUS￿)n ttr*re￿. In wnnection with cxJr audrt of the fironoal statem￿. oJr reSrA￿51b￿ty is to read the other Inf￿ arKI. in doing so, con￿der whether Ihe other infomiation is materialty inconsislent with the fmanoal slatements or our knowledge obt8ined in the audit or otherwse appears to be materialty mt5Stat&Y. If we idenbfy suth matetial inconsistencAes or apparent material misststements, WÈ are required to delemiine whelher this gNes rEe to a material misstatement in the financyal statements themSe￿e$. If. based on the work we h￿e perfom*d. we corKlude Ihat there i8 a material mi5Staternent of thts other inftytrthn. we are require([ to report that f8(t We have nothÉng to rer#Nt in this règard. Matters on which we are required to rpp)rt by exception We have nothiro to ￿P)rt in respe(X of the fdlNing matters Whe￿ tr* Charthes IA(xxwnts and Reports) Regujations 2CKJ8 uire5 JS to reKMM to you rf. in our opinion". the information gwen in the Report of TnJstees is irxrristent in any m*rial respectvrith the finarKial statements.. OT suffioent accounting re(x)rds have not been kept.. or the financial statements are not in agreement with the acLounting recuds and retum$: or we have not rerAved all the infomiation and expjanations we require for our aurfrt. Responsibilities of trustees As eX￿ained more fulty in the Ststement of Twstees. Respongblit¥es, the l¥ustees are reSpW9b￿ for the preparation of th8 ftnancAal ststemerns byhith gNe a true aThl fair wew, and lty sud) internal ccntrol as the twstees detemine 15 ￿e￿ssary to enablè the preparation offinanaal statèments thal a￿ f￿ from mateiial misststement. whether due to fraud or 8rror. In preparing the finanaal statements. the Injstees afe resF•￿9bjÈ for assessing the tharitys atilty to continuè ¥$ a going Con￿n, disdosing. as applicable, matters related to ￿pig concem and using the going Cl￿cern basis of accounting unless the trustees erther intend to I￿U￿ate the tharity orto (*ase opeRlic*B. or have no reali4ic altemative txjt to do so. P&Je 5 Report ofthe Independent Auditor5 to the Tr￿tte$ of North Wales Freemason5 Charity Our responsibilities for the audit of the financial statements We have been app￿"nted as audrtors uThler Se¢ax)n 144 Ch￿￿e$ Ad 2011 and rewl ift ¥czx)rdance with the Ad and relevant reguI*"ons made or having effe(X thweunder. Our Obl￿e$ are to obtain reasonable assuran￿ abcyJt the f￿￿￿la1 statements as a whde arè frÉe from material misstatement, whether due to fraud or e￿r. and to i&we a Report of the Independent AL*Yitors that indudes our opinion. Reasonab￿ assurance is a high W of atyjrance. but i% rn)t a guarantee that an audit corKluQed in ac(x)rdance with ISAS (UK) will a￿VayS deted a material misstatement when rt exists. Misstatements Gan arise from fraud or error and are o)nside￿ matetial ￿. indmdualty ry in the a9Jregate, they could reasonabjy be exF*Qed to Influen￿ the economiG decrwons of users tsken on the basis ofthese finan(i￿ $￿teft￿)ts. As part of an audit in a¢)*rfance with ISAS (UK). we exertise wOfeS￿￿al iudgem&tt maintain professional 5￿ptiCasM through¢xrt the au¢Jit. We also". - Identfy and assess the risks of material mi5ststement ofthe financial statements. whether due to fraud or error. deggn and perfom audrt woce(lurÈs responswe to trjose risks, obtan audrt eVidPm￿ that is suffi¢ient and appropriate to provide a bags for our opinion. The risk of not L1etethng a material misstateffent re￿j￿.￿g from fraud is higherthan for ore res￿￿"n9 from error. as frdud n￿Y invO￿e collusion, forgery. intentional orTUSSKXS. rnisrepresèntsb"ons, or the ¢)verride of intemal o￿trOl. - Obtain an undetstanding of intemal rA)ntrol relevant to the audit in order to deggn audit woc£dures that are appropriate in the arajmstsnces. bui frjr the wrpose of expresgNJ an opinh)n on the effetheness ofthe charit8bJe company's intemal contrrA. . Evaluate the apryopriateness ofa(x)yJntiryJ used aThJ the reawlkn ofa(xx)unting est¢mates and r8Jated disdosures made by the trustees. - Condude on the apwopriateness ofthe trustees. use ofthe going corKem b￿$ of *JxxJnting and. based on the audit ewdence obtained. whether a material uncertainty extsts ￿lated to events or CLJnditsons that may cast significant doubt on the tharitsble companls abilty to contin(Je as a goiNJ con(2m. If we condu(Se th* a matertal Un￿rtaInty exists, we are required to draw attention in our Report of the ALNJrtors to the related disdosures in the financial statements or, rf suth disclosures are inadequate. to modfy cAJr opinN)n. Our condusions are based i)n the audit evidÈn(x obtained up to the date of our Re￿￿ ofthe Auditofs. However. fvrture events Or(Y￿dit￿)nS may (xuse ihe ccKnpany to rEase to ￿nb"nUe as a goirKJ c￿￿rn. . Evaluate tre overall presentstion. strLthrÈ and content of Ihe fmancaJ statements. irKludir*J the disdosures. and whether the finanryal ststements represent the undertyiThJ transac*ons arKI events in a manrw that achieves fair presentation. We communi(xte vthh those thargéd wtth govemarKe regarding. amrKJ other rnatters. the planned scope and tirning of the audit and wgnffi(2nt audrt findings, induding any sKJntfio3nt defic￿￿ intemal Ixjntrol that we identfy during our audit. A further dewpti(Y) of OLEr reS￿nsIbIl￿"eS Icrf the audit of the finar￿al swerFEnts is on the Finanrjal Reporting Coun(il's websrte at www.frttorg.uklauditor5res￿slbI1thes. This desrxiptim fomis part of our Report of the Independent Au¢Jitor5. Use of our report This report is made sotety to ￿ thaiivs bustees. as a bcKty. in am)rdarèTr with Part 4 of the ChaT5bes (Accounts and Reports) ReguL8tions 2CK)8. Our audrt wi>rk has been undertaken so that we mrght state to the thantys trustees those matters we are required to state to them in an audrtors, report and for no other purpose. To the fullest extent pemiitted by law. we do not aee£pt or assume responstblty to anyor* other than chatty arxl the chari￿$ trustees as a b)dy, for our audit work. forthis reporL or for the opinws we have f￿me￿. Saltsbury & C anyB Regisle uditors hartered Aco)u Sdutions Limrted Date.. PèJe 6 North Wales Freemasons Chaiity ststement of Financial Activities for the year ended 31 March 202S 2025 Tot fvnds 2024 Total fvnds as restated furKIs fund Notes INCOME AND ENDOVIMENTS FROM Donations and legacies 15.272 16.599 31.871 15,078 Othertradirw Investsnent income 411 411 116.167 705 223.046 116.167 Total 131.439 17.010 t48.449 238.829 EXPENDITURE ON Raising funds Other trading athrttes 15.542 12.526 28. 28.667 15,542 12.526 28,667 Charitable activities Grants payable 78,731 Fund rai&ng expenses 2,321 2,376 10.264 10.264 Totsl 14.847 97.652 107,398 NET INCOME other reco9nised gair￿lI10$seS) Gain5 on revalLJatK)ft of fixed a￿lS 2.163 50.797 131.431 162,679 1V2.679 Net movement in fvnds 211.313 2,163 213,476 131,431 RECONCIUATION OF FUNDS Total fvnds brought forward As previously reported Prioryear adjustrnent 2.￿5.5(() {49.451 } 14.959 2.620.45g {49,4511 2.439.577 2.556.049 14.959 2.571.CKJ8 2.439,577 TOTAL FUNDS CARRIED FORWARD 2.767.362 17.122 2.784.484 2.571.(X)8 The notes fc¥m part ofthèse finarK3al ststerrEnts P&Je 7 North Wales Freemason5 Charity Balance Sheet 31 Mar¢h 3025 2025 To)1 fijnds 2024 Total fvnds as restated fuThJs fvnd Notes FtXED ASSErs Tangib￿ assets Invesbnents 230.C 2.431,304 67.321 2.400,gJ1 2.431,304 2,e61, 2,661.304 2,468,222 CURRENT ASSETS Debtors Cash at bank 10 11.680 .717 11.680 113.839 12,334 92.466 17.122 108,397 17,122 125,519 104,81X) CREDITORS Amounts falling due thin one year 11 (2.339} {2.3391 {2.0141 NET CURRENT ASSErs 1(6.058 17.122 123,180 102,786 TOTAL ASSETS LESS CURRENT LtABIUnES 2.767,W2 17.122 2.784.484 2,571.CA)8 NEf ASSErs 2.767.W 17.122 2.784.484 2.571,008 FUNDS Unrèstrirted frjnds Restrided ftjnds 12 2,767,362 17.122 2.556,049 14.959 TOTAL FUNDS 2.784,484 2.571,008 The ffinanc#al statements were approved by the Board of TrLkStees and auth)rised for issue on ......... ........ .. and were signed on its behaff by: Page 8 North Wat•s Freemasors Charity Notes to the Financial Statements for the year ended 31 March 2025 ACCOUNTING POUCIES Basis of prèparing the financial ststemènts The finanaal statements of the tharity, whth is a put￿￿ Lynefrt entity under FRS 102. have been prepared in acrnrdm wrth the Charibes SORP IFRS 1021 'AccountiNJ and Rewbng by Charibes.. Statement of Rewrnmended Pra(11￿ applicatAè to tharibes prep￿ing their accc¥Jnts in a¢xx)rdance with the Finanaal Reporbng Stan(lard ap￿￿ble in the UK and RepubliG of Ire￿n￿ IFRS 1021 (effective 1 January 20191,, Financi￿ Reporting Standard 102 Tr F2nanoal Re￿1rbng Stsndar(l applicable in the UK and Republic of Iteland, and the Charibes Act 2011. The financial State￿nts have been p￿paTed under the hist¢)ncal rDst ￿nventiOn, with the ex￿ptIOn tsf Invèth￿nts which are irvJud&Y at market value. as mdrf*d by the revaluatiw of a&8ets. Income l incxThe is reu)gni5ed in the Statement of FwwKial A(*¥ilies OTh￿ the charity has entit￿ment to the ftjnds, it is probable that the incc¥newill te receNed ar¥J the arn￿jnt C￿ te measur&J reliab￿. Expenditure Lbabilities are TecognBed as expenditure as scth as there is a legal or constnJ(XNe obligat&on ccmmitting the charity to tr￿t expenditure. rt s probable V)at a transfer of e0)nOm￿ trEneffts wll be required in settjement and the amount of the c>bligation be r¥Easured ￿l￿ably. Expenditure is actounied for on an a￿rualS basis and has been dassified urKJér headings that aggregate am o)st related to categcry. kn (xJst5 cannot be dire(* atth"buted to parbcular headings they have twi to ac*th fm a basis consistentvrith use of resourrss. Grants offered subject to condths whkth ￿3Ve LEen mel at the year end daté are not￿ as a commthent but rK•t accsued as èxpenditure. Tangrble fixed assets Depreoation is provrded ai the frAkTh¥i￿ annual tales in Ixder to ￿lIe off each asset over ts eslimated useful lrfe. Taxation The chanty is exempt frcm on its d￿rItable &lNibe& Fund ac¢ountirwJ Unrestricled funds Lzn Lr used in a¢xordance the tharitat4e obj'thes * the dis17etKJn ofthe trust8es. Restri(aed ftjnds can onty L* used partyxlar testriQed wrp)ses within the obj.etts of the tharity. Resiri(*ort5 arise whèn sreafEd by ￿ donor frjnds are raised for parlKwiqr restrirt￿ purFX)SÈS. Futher eX￿anation of the nalure and wrpose ofeach fij[￿ indtKled in notes to the finanoal statements. Pension costs and other post-retirement beneffts The tharrty operates a defined ts)ntribubon pengon schemÈ. Corttribuli￿s Paya￿ to the ¢hariWs ￿n￿on s(*ème a￿ thatged to the Statement of Fina¥Kial A(thtties in Feriod 10 they relate. OTHER TRADING ACTivmES 2025 2024 as restated Sales of merthandise 411 705 Page 9 ntinued... North Walts Freemasons Charfty Notes tr* the Financial Ststements- continu for the year ènded 31 March 2025 INVESTMENT INCOME 2025 2024 as restateil Rents receNed Prgfft on sth of Investments Change in value of TnVe5trr￿ts Dewsit aro)unt interest Investment irKxyne 10.CQO 10.251 144,762 62.240 58,033 116,167 223,046 2025 Ty Gobaith via lIfe￿teS F￿bank tjonations Matth Funded Foojbank Ck)n3tw)ns H05pKE Donaiion$ North Wa￿3 Samarifans Asthma Rel*f_ NebulL5e 08n￿rpoint TaL4ue (Mason￿ch*itY rnatch hJr Friends & Famity Wrexham (mason￿ Charty £5LKKI matab furKknII Match Funded Great Northern Run. Runner5for2028 Fe*N81 Vaiious Grants Mattth Funding Lodge5 aTrJ Chapters 1800 1400 5690 3274 1000 sooo 50QKI lo￿0 20780 53944 Bel￿V01ent Fund Donation5 8 Grarts PSA Testirg Pr4ett 3000 Totsl ofChaTilable Actrvlbes aThl Grdnts Payabte TRUSTEES. REMUNERAMON AND 8ENEFtTS There were no trustees. ￿munerati(￿ w other t*neffts for the year erKbJ 31 Marth 2025 mr for the year ended 31 March 2024. There were no trustees, expenses P3KI forthe year erKtsJ 31 Marth 2025 Ihe yearended 31 March 2024. COMPARATPdES FOR THE STATEMENT OF FINANCIAL AC￿￿TIEs Unrestii(led fijnds Restsided fur Total funds as restated INCOME AND ENDOVIMEfrrrs FROM DorwtK)ns and legacies 10,270 15.078 Other trading acb¥rbes InvestsTJent irmne 705 705 223,046 223.046 Total 227.854 10.975 238,8 EXPENDITURE ON Raising furKIs othertr￿1ln9 a¢livities 14,459 14.2( 28.667 14.459 14208 28,667 Page 10 continued... North Wales Freemasons Charity Notes to the Financial Statements- continued forthe yearendÈd 31 March 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIALAcnvmES- continued Vnrestrided funds Restricted fvnd Total funds as restated Charitable activittes Grants payatAe 78,731 78.731 Totsl 93.1 14.208 107,398 NET INCOMEIIEXPENDITUREI 134. {3,233) 131.431 RECONCILIATION OF FUNDS Total fiJThJs brwght for*Ar(I 2,421.385 18.192 2,439.577 TOTAL FUNDS CARRIED FORWARD 2.5SS,049 14.959 2.571,008 PRIOR YEAR ADJUSTMENT The Prior Year Adjusknent of £49.451 relates to the restate￿rt of one of the Charites bank balan￿$ in an earf year. TANGIBLE FIXED ASSErs Free1Th￿d propety COST OR VALUATION At 1 April 2￿24 Revaluations 67,321 162.679 At 31 Marth 202S 2XI,o Ngf BOOK VALUE At 31 Marth 2025 230,OCI) At 31 Mar(* 2024 67.321 Induded in cost or valuation of and buikJing5 is freehold Land of£2&).¢￿ whth is not depreoated. C05t or valuation at 31 March 2025 is represen￿ ty. Freehold prwty valuati￿ in 2025 230,( Page 11 cLJntinue(l... North Wales Freemasons Charity Notss to thè Financial Ststtments- continued for the year ended 31 March 2025 TANGIBLE FIXED ASSEfs- continued Ifthe freehohj proFerty not been reV￿L￿ ity￿￿j kne tttn W￿￿Jed at the folbMrKJ historical cost.. 2025 2024 as restated Cost 67.321 The freehold [￿)ety was valued on an ryn market b￿5 on 4 2022 by D. Jones FRICS ofJones & Redfeam, Rho. FIXED ASSET INVESTMEi¥rs Listed investments MARKET VALUE At 1 April 2024 Revaluations 2.40Q.901 30,403 At 31 Marth 2025 2.431.304 NET BOOK VALUE Al 31 March 2025 2,431,304 At 31 March 2024 2,400.WJ1 Ther8 weTe no investrnent assets outs*Je the UIQ Co* orvauation at 31 Marth 2025 is by.. sted westments Valuation in 2024 Valuation in 2025 2,400,901 30,403 2.431,304 10. DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2025 2024 as restated Other debtotS 11,680 12,334 Page12 ntin￿... North Wales Freemasons Charity Notes to the Financial Ststements- continued for the year ended 31 Mar¢h 2025 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 as reststed Othercreditors 2,339 2,014 12. MOVEMENT IN FUNDS Pri year adjuth)ent Net movement in fvnds At 3113r25 Al 114r24 Un￿StrICted funts In(xxne fvnd BeneVO￿￿t 2.507.1(r2 149.451) 39.451 171,862 2.497.102 270.260 2.605.5(X) 149,4511 211,313 2,767,362 Restricted fund5 Tethjies ￿ L0vir￿j Care 14.959 2,163 17.122 TOTAL FUNDS 2.620,459 {49.4511 213.476 2.784,484 Net movement in fijnds. I￿uded in the at*)ve are asfdlcAVS.' I￿OmIng Resources Garns and Movement in fuThJs Unrestricted funds Income fund Benevolent 122.2 9.183 182.8051 39,451 171.862 162.879 131.439 {82.8051 162.679 211.313 Teddies for Loving Care 17.010 (14,847) 2.163 TOTAL FUNt)s 148.449 197.652) 162.679 213,476 Comparatives for m*>vernent in funds Net movement in fvnds At 3113rd4 At 114r23 Unrestricted funts Income knnd BenevoIent 2.337,770 83.615 119.881 14,783 2,457,651 98,398 2.421,385 134.664 2,556,049 Restricted fun(ts Teddies fci Lovlng Care 18,192 13,2331 14,959 TOTAL FUNOS 2.439,577 131.431 2.571.CN)8 Page 13 sntinLEd... North Wales Freemam Charity Notes to the Financial Statements- COntin￿d for the year ended 31 March 2025 11 MOVEMENT IN FUNDS- contin￿1 Comparativè net moveThEnt in furKls. indLKlèd in the aLw)ve are as fdkAYS." In(x•ming Resour eXp￿ded Movement in furKIs Unrestricted funts Income fund BenevoIent 213.071 14.783 I93.1￿} 119,881 14.783 227.854 (93,1Y)I 134,FA4 Te(IdEs for Lti￿n9 Care 10,975 {14.2081 13,2331 TOTAL FUNDS 238.829 1107.3981 131,431 A ￿rrent year 12 M¢￿thS and pnor year 12 rItt￿th$ ctmnbined is as f0J￿.. Pr*)r year adjLtslment Net movement in fvnds At 311W25 At 114r23 Unrestricted funts Income fund Benevolent 2.337,770 83.615 (49.451) 159,332 186,645 2.447.651 270,260 2.421.385 {49.4511 345,9TT 2,717,911 T8ddw for LO￿n9 Care 18.192 (1.0701 17.122 TOTAL FUNDS 2.439.577 149,4S11 344,￿7 2,735,033 A current year 12 months and rKv)r yèar 12 nwxrths cryntsned net mvement in frjnds. I￿uded in the above are as IncoNng Resources Gains and Movement ith fvr￿s Unrestrictsd funts Income fund Benevdent .Y27 {175.995) 159.332 186,645 162,679 Restricted funts Tedd￿S for Lowng Care 1175.9951 162,679 345,977 27,985 129.055) {1,0701 TOTAL FUNDS 387.278 (205.0501 162.679 344,907 Page 14 CJ)nb"nLEd... North Wales Freemasons Charity Notes to the Financial Statements- continued for the year ended 31 March 2025 13. RELATED PARTY DISCLOSURES Costs assocxated the op￿ation of the Charity are pahj by the Provinaal Gland Lodge of North Wales. whtth shares staff and premises with tr* Charity. and realkM3ted to the Charty on an annual basis. These costs are £7.5(Ll for Ihè ajrrent year1£7.5CK) for 2(r24). The Charity rents Offi￿ in its property * 8. Aven￿. UandLhJno tr) the PrOV¢￿al Grand Lodge of North Wales. the amoLinl receNed by Ihe Charity rn ￿ year was £S,¢XK) 1£10.IXQ for 2024. which ffjduded an amount of £5,CMJO for 2023). Page 15 North Wales Freemasons Charity E*tstled Ststement of Financial A￿1vitieS for the year ended 31 March 2025 2025 2￿24 a5 restated INCOME AND ENCQWMEprrs DO￿tionS and legacies DonatK)ns Contributions 27,689 4,183 10,295 4.7 31.871 15,078 Other trading activities Sales of merchatYJrse 411 705 Investment income Rents re￿Ned Profft on sale of IrNethents Change in value of Invest￿Ents Deposrt a(￿Unt interest Investment ino)me 10,0(K) 10,251 144.762 2.982 62.240 58.033 116,167 223.046 Total incoming resources 148,449 238.829 EXPENDITURE Other trading aetivrEies Stockbroker seNi( Purthases ofTed(ty Bears 15,542 12,526 14.459 14.208 28,667 Charitsble acttvibes Adverti￿n9 Grants and donations 2,376 245 67,746 59.320 87,991 Support eosts Information t¢¢hnology Sundtie 720 Govemance ￿$ts ExpeM5es re-allo(3ted from PGL Auditors, remuneration 7.500 2.520 1,8CMJ 10.020 Total rèsoij￿s exF*rided 97.652 107,398 Net inc¢)me 50,797 131.431 This page (kes rKrt fomi part of the stalutory ffinancial statements Page 16