Charity rnghtrntlon number 279313 DURHAM FREEMASONS CHARITY ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
DURHAM FREEMASONS CHARITY LEGAL AND ADMINISTRATIVE INFORMATION Trustse$ J. D. Watts Ichasrmanl S. A. Wllis trreasurorl T. F. Gitti'n3 (Seryetary) Ourham 8enevolence Limited D. Maw IVKe chaiMn) {Resigned 13r21251 {Resigned 13121251 {Resigned 13121251 IR8syned 13r2r251 DlrKtorn of Durham B•n•¥oknc• Llmlt J. O. bfyètts (chath) (Resigned 14ffjr251 D. Mv4V Chwrnwn & Amonerl T. F. Gittlns {Se(¥etaryl R. G. Scott Isecrelaryl S. A. Wllis (freasurer) K. Turner (Tr6a6urer) G. Elgfie IAsx4tant Swrtary) M. Davie8 l. Groves A. Thp$ S. Fltches J. Davey A. Brrtlon R. Frtzslmmons L. Nolan B. Purser C.R¢MII M. Rankin (Resigned 14191241 (Appolnted 1419r241 (Rewgned 813125) IA4>poinled 8131251 (Appoint 1312r25} {ApInted 13r21251 {App)inted 13r2r251 {Apwlnt•J 1312r251 {App)intèd 1312r251 {Apwinted 13r2r251 {Appointgd 1312r251 (Appolnled 35) {AFoointed 8131251 IAppoinl&J 813r251 (Apwnled 8/35) (Apw'nled 1416r251 D. Maw Is alw a membw oftlN Ccrfnmunty Grnnts SucMMittee Th• followlng ¥&r• al•0 m•mb•rn of th• G•n•r•l Purp(w CommSttw: G. Elgie (A3SiStant S¢ttetsry)' P. B. Detenham (Provinclal Grand Ajmoner) P. Quinn (Pmvinod Glar Clwrity SIMTdl (Reslgn8d 9131241 D. Dunn. S. K. 8811 S. Hunter. P. Rosj l. K. Carter M. Rankin M. 08v l. Grova8' K. Hiles" C. KatsamS {Rewgned 9131241 {R88igned 9131241 {Re8igned 9131241 IRe8igned 813r25) (Resigned 813125) IResigned 813125) (Reslgned 913124) S. Fitche8" J. Davey" IAppointed 913f24) {AppDinted 913124) (Appointed 14161241 (Appointed 813125) (Appointed 813125) (Appointed 8131251 (Appointed 813125) R. Filz&mm( L. Nan B. FlJrser' C.Ropll * ' Members of E8tate8 8&Kommittee JI Membefs of the Commun(v Suppryl Grants su¢Mittee
DURHAM FREEMASONS CHARITY LEGALAND ADMINISTRATIVE INFORMATION Charfty number 279313 Prlnclpal addro8s 8 Th8 EsrAanade Surrtjedand Tyne & Vètsar SR2 78H Audltor len Syk8s Audit Llmtted S Henscffl Close s Churth Entarprise Park 816pAucjand Co DurtM DL14 6VI4 8ollcltor• Pet•r RO Co 2 Frorrt Street Jasmine Vilas 14lthickh8m NwAra8tle upon Ty NE16 4JH Bankern NallcThl Vh8tmln8tèr Barl( P 52 Fa¢ett Street SuThJertaTrd SR11SB Itlrgln Money 43 Farett Street Sundéd8Tr SR1 1SA Lknyds Bank PIC 54 FavKett Stro8t SuNJertartd SR1 1SF
DURHAM FREEMASONS CHARITY LEGAL AND ADMINISTRATIVE INFORMATION 8tockbrok•rn Rathbone¥ 50 Gwe Square GI889* G2 1EH Bwin Oolphin 12 Smithffield Strnet London EC1A9LA ouslng Managoment Nest Egg Homes 49 Mandale Road StccktOn-on-Tee8 Thomaby Cknknd TS17 6AD Sh•lt•fod Houllng Devalopmonts Peter Str8cey Fh)u80 Ebdon Lane Sunderland SR6 9AF
Jndary Court lQng8way Bi8hopAuthkqrKI DL14 7JE
DURHAM FREEMASONS CHARITY CONTENTS Page Chairnian'$ ReFrfxI Tru8te86' r Indep•ndent audilorfs reFK¥t 9-12 Statement of financi81 tIVitieS 13-14 Stat•m*rt of finaral powts 15 Statement of 8h fth 18 Notes to thè financial slatem 17-28
DURHAM FREEMASONS CHARITY CHAIRMAN'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 It is wth a great de81 of pndg that I present my fep)rt for the year to 31 December 2024 - a year which has seen both a 801id finanual perfonnance for our chanty and also an overhaul of wr pyocesses and identity. In March 2024. at ourAGM, tsjr members voted to change our name from 'T Durham Masonlc 8¥v01¢rt FurKI" lo 'Duth?m Freemasons Ch8rty'. ()Jr new nam8.does what il says on Il bn" lo use the phra&ng of a well-known adverti88menl, and already have received positfve feedbxk fr(xn our memb8Ys grantee8 aliko. Our renamiry was part of a full strategic and operational revthv of our ctsnty and htr•¥ we work. that Gommenced In 181e 2023 and has been finallsed in eaty 2025. In 8dditK•n lo thè renamir¥J ¥ have.. 1. ReBtat8d our bank mandate to uw¥e better WOtecb"on to our •ets. 2. CharKJed the wrxking practices of grant ¢ommth to introduce a more slr8amlln&l grant appliGatlL¥) proceB6 to ireaSe the effectrNw8$8 ortrse grants. 3. Implemonled a thorouh System for monitorfng Ihg impact of wr grants - to Nghllght whare tho Dutham Freemasons Chaty can furthf Se ¢)ur communlty. 4. Given bett8r protection to our tru8t888 by ChgIrg our ltyal stnKture and u8irg Duth8m Benevolonce Limrted 48 our main trustee. S. Further frrfmali8¢d edurnS for monitLYtry the manageMt of ow shelter&J hwslng . lo Fyovkle In¢rea8ed protedon of our 888els whi18t 0180 iriyothg the llbeing of our re81ts. Al Ihls 8t8ge I would lik6 to thank ow Mce-chaimian. DurKan M. and tyjr Eststss C¢ynmrtt88 Ch81rman. Jthn Davey. lor Itir cons1derab work in puttirvj these changts in Pl8. charity is now in a better Pla lo de81 any future188ue¥ becau8e of the work they have done. Our o¢counl8 for Ihe year shwd a mod88t SUfplu$ of £57.000 to briw our iot81 resorvas and net a8sets to nearly £11M. maln highliqhts ILY the yOOf vi•re'. Don•tlon8 a L•g•cl• R•c•lv•d Income from Don8tion8 & Legacie$ r¢)se 10 £1C6.943 the year cfjmparod to £99,213 for thè pr&viou8 ye8r to 31 DecoMr 2023. The maln 8Jr¢• of dtiOnS once 89ain came from lodggs and memtrs (£81,605 whth onc1ed £40,162 tran318rrgd in frcffl tho separately lld Rdiel Chest). and I thank all Ih08e who have conlribuled to Durham Freema80ns Charity, allowirw us to $uppcft Sg many community groups, charftie8 arKI individuals. De8eNry of spockql m6nb.on was the £1.797 rKeNed as a r8suf( of the "Fat lads 01 the back. sponsored virtual L8nd's End to John O'Groats cyde ride by then ProviM81 GrwJ M88tw John TIpIOn & Dgpthy Grand Master Michael Graham. The £14,575 Shown in our aCtntS a6 re8lri¢Xed fvts income is tho total of dcThtKsns paid Into our TLC account during the .
DURHAM FREEMASONS CHARITY
CHAIRMAN'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
InvMtm•nt In¢
DURHAM FREEMASONS CHARITY CHAIRMAN'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 In ConcIlon N(Th of our many hievements in ihe last year could have happernd without the generous and unstinlng $upp¢)rt of RKhard Scott, Pamela Davbs and ottws * Provinc Office. l offw my grateful thank8 lo eve ha8 helped durlng the yeaf. I V•ruld d80 Ilke to thank tfthe hav& eured a rng?r I1 of 8rtides to thè PfovinGig1 Convnunocètion 18am so that the breadth and depth of our support can b8 re¢anIsed, and I parttcularfy thank our Communicats'ons Offieer, Allan Br for his fine Work In mokirvJ 8ure those arts'des are PLknl1s. I VDuld also express my Sincere appreciation to all tha br8lhren of the Province of Durham. our Board members Iweviously our Gen8ral Purp08e Committee members), and all of the oUrtM Freema¥ons Charfty repSentat {lomerly Benevolent Ccfnmitteè represenlab'ves) for thalr time. energy and dedi&ion during the past year and for the insNJhts and expertise thèy ng to the ¥tivitles of our ¢hanty. Flnally, Durham Freemasons Charity remains in a very heethy position, legalty WKI finan¢lalty, and w5th conttnued prudent management, we exrrtt that to conb"ThJo throLbJhcArt 2025 and b8yc*kY. n Watt8 Chalrnian Date..
DURHAM FREEMASONS CHARITY TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEAIBER 2024 The trustees prasent trir annual rewrt and lInal StsteM for the yaar ended 31 December 2024. The CharKy 1$ registered 4trith the Chanty Cerfnmis&on (Regisiratlon number. 279313188 Durham Freemasons Charity Ifomlety The Durham mason Bervolent Fund). The fln8ncial ststemenls have been preparJ in dance V•ith the aecounting pollues set out in note 1 to the financial statements and comply th the eharits trust deed, tho Charttle8 AL12011 and"Accounbng and Reporting by Charitias.. Slalemenl of Rets)mm8nded Practu apphcable to charibes preparfng their ac£oun18 in accordancé Nvith Financial Reporting Standard appcaa in the UK and Repubh'c of Ireland (FRS 1021'18ffe¢tive 1 January 2019). Oty•ctlvo8 and •¢tfvltl•8 Durham Freemason Chaiity 1$ a masonic 0rganlsa1k Set by trust dagd dated 24 July 1956. The obhd of Durham Freem880ns Charity is to provide support fty the needy brethren of masonic lodge$ in the ProvinG8 01 Durham and Ihelr dependants, to wovide thildren of tethr•n with aw'stance to fvrther fvir education &rKI to Support (Yg8nl8a0n1 that Pde beneflt to Ioc41 c(xrnunty. In ¢)rder lo further tr8¢ objecttves, the activiti'es of Ihe drIty Can be c41ooJised a• fdlm.. Provision of sheltered 8ccrynmodation to aged breltrni aOr thw thperthrrt•. Awarding grants to nethjy Ixethren, Iheir deperyJants and wthws. Aw8rding grants to tha children ol brothn, to assist theii engwment in wnmunty Krtioct8, Awarding Communlty Support Grants, and Provislon of holiday ¢Vaent tyeak8 for needy brèthren and dePdants. Publlc B•n•fft St•t•m•nts The Irusleos have had regard to ts Charity Cc¥nmi88K>n'8 9j1dan on thelr al dLty on public benefft, are satlsflod that the Charity delir5 pub16c benefft, an¢J duè regard 1$ paid to ts guldance on public benefit when deddlng on wh•1 new projects th• charity sh0 Klertake. Qr•nt Makln9 Polky The trustees {movtng frJrward the diredor8 of Durham Benevolen¢4 knmll8d) ¢)n a regular ba8ls lo conBid6r what grants they wll moke." Masonic or Community SupFyt grant$. Dudng the ya•T, in an attp1 to Sp gt Pthi8h)n servlce5, the Commurlty Support Grant su committee were given auionomy In 8electfft9 Surtable reciwenls for grants wrth p8yment made soon after Ih81r 8pproval of the grant. The grant making FOIKY k8 wbjecl lo an Ovérvi of pdicy on grant makn'ng by tho Irustèa dlrectors of Durham 8enevolerta knmitsd. Emergerw gfanl¥ arn made to tsneficjwtes Imemtws of Memr$I at the discretion oftr management and approved retrD¥pediv¢ty awnym4xoly at trustdireCtorS, mogtings. Educ*ion and 8chol•r8Np grants are to financ8 fvrlher educatlon arnl are approvgd ty a subcommittee 8el up for this puw.
DURHAM FREEMASONS CHARITY TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 luntsorn and oth•r contrlbutora The General Purposes Committee w)uld fa tt> Iharth the foll¢Ming'. Lodge Bénevolent reye88rrtab.ves for their atttrVJa at quartety meelrys and for their ¢on5Nler)le effort8 to 8nsure that the needs of tKethren and Iheir otants are hdenlified and a(led upon.. The officers of the g8neral purpw Cornmittee. th8 Chafirman J.D. 11)tts vtho corKIted meetings wfth skill and effiaency, the Vice Chaimian D Maw, Treasurer S. A Ihlllis, the Secretary R. Scott Ifornierfy T. Gthns) all of whom made invalualA8 contn'bulN)ns to management and administr8tkJn of the Benevolent Ccnmittee and all the Stsft at th8 Provinclal 0ffl¢o for their willing 8rwJ cheerful as8i6tance wi the wLYk of the Benevolent Commrttee. Thanks are also ext•rKl8d lo those memb8r3 of the Board of dir0Ctors of Durham Benevdence Limited Ifonnerty genèral purpose commtttee of Durham Freema8(Th Chartty)okd and for thdr very valuabla ¢ontribullon$ to th8 work of Duffiam Freemasons Chanty Achl•v•mgnts and p•rfomi•nc• Th& maln activity this penod has been th• thkmstrthon of the two Shettered ac¢ommc#ion hc4J$lng devel¢¥)ment6 known a8 Peter Stracey House aTrJ Bndary Court. Tr extensNe rnnov8b.on programme ol 8partmenl8 al Petsr Stracey House ContirS oThJ costs are kopt budgeL Community support grants aro Lwr main line of grant giving lo dub$, communty projects and youth trav81 grants •lc, 88 well a8 emergency grants to l)rethren in di8tr65s, educats'on grants and grants to ¢)ther Masonic charrti•s. The economic climate over thè last &r ha8 resulled In • welcome inctsa88 in the valuation of our Inve8tmènts - both bulldings and 8tc¢k market inveslmonts. and we cwlinue to invest in both for the I¢9 temi. Al the tSme of writing, stock market inveslmenls ccthnue lo increase in vduo, Ixrt can 8till be 8ubJ'•ct lo fvKIL¢ation8 cau4ed by uncertaln trading condltions rnSU.ng global laetrys. Flnanclal rnvl•w Total income lor the year was £524,349. The expidi1U1è incuffed total £607,454 and thore wer8 galns on Inve8tmenl 888ets lolalling £140.7 meaning that charity g¢nerated 0 8urplus durinq the year of £56.962. Rfj8•rves poll¢y The notes to th8 17nancial statements Ihe a¥sets and Irdbllttw attribJtaUe to various fundB by type and 81&0 Sho the Various trusts of the charlty arvj 8ummari8es Ihe period'8 movoments M each fuThd. Thè General PurFose$ Commtttee h89 examined Iho requirement free reserves, wthich are those unrestriclgd lund¥ not invested in fix&J a$sets, degnated for specffic purpose8 or otherwse commrtted and con8ider that this should be at 8 level to swve sufficient ¥&(1n9 capttal to cover ctye co8t8 for tha next yèar. Unrestricled freg rry@S at 31 Oecembw 2(Y24 amourrted to £402.276. Tho tru8t8è8 boli•v• the level of free reserves held lo be adequate lo cover the requirfjmthts We11j in ts r8seNes pdicy. Inv¢8tment Pollcy The G9ner81 Purw8es Comnmttee (moving the threthxs of Durham Benavoten¢¢ Limrtedl deslgrHts deCisic making on inveslments lo the Irwe5tment Sub-committee, VtK¥ have the p)wer to inv9s1 In Such stock8 $hares. propety and other assets as they Jee fft. Quartetty rerts a ¥ubmitted by ¢JJr stkbr9ker, together witti recommendatlons for managirvJ the p0110 in the ImIng quart8r. The policy is lo adopt a medium risk strategy bosed on mMiS1ng th8 returns on the irNests))ents wfillsi cbtaining rnasOnats grthh in the market value of the portfol. Durfro the year the Investment Sub4xnmfjttee d&led to (>)nc all of the investments with Brthmn Dolphin as the sole brokers.
DURHAM FREEMASONS CHARITY TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Rlsk is#wm•nt The General Purposes Committa8 has assessed th8 mqor risks to the chwity18 exposal. In particuk9r th088 ralaled to the op8ratN)ns arKI finance8 of Ihe Trust. and is satsfAJ tlpt systems we In pLqce lo mitsgate any exposure lo major risks. Plans for lutur• p•rlods Th& programma for the immediate fviure is to ojntinue to enGourage d¢Mwts"cm lo ¢n&e our activ8& to ba m8lrained at least at their rrOfit levokn. In the medlum temi the plan is for con801klatOon of the fund 80 trbat InsImOn1$ can b8 malntalned and at thè 8ame time mak8 furlher provision ts increa8e in reserves to me8t our w8b.ng commitmnts. éBlablighing a sc41d incom8 base from imiestmenls. rental bnwne and dcfiation¥ In the long.lerm fvrther exptrrtjfture w1 be incJJrred so 88 to makè sure our 8hglt•fed accommodati)n prct8 are 11 mainl•Sned and Improved re deemed neeessary. From 8 Mar¢h 2025 t truste08 and members of thg Genwal ppol Committee becne OrtorS of tlwham Benevolen¢e limil&J. a dom1 c(Mnpany, rKy4V the $018 trustee of Durham Fre8maw)$ Charity. StruGIuroi govfrm•n and rnin•9•nvJnl Durham Fre•ma8ons Charity consists of th• Principal OlThcer8 of the Provlnce of Outham, logeth8r th 8lx nomlnees of tho PronoI Grand Mastef oppointed annulY and a repr980ntatlv• of each Lodge known as the Benevol•nt Representatlve appointed annually thIn their Ic#Jg8. Tho tru81e88 who 8w¥•d ¢*Jring the ye¥ up lo the date of Wre of the ftnand•l 8tatement8 w•re'. J. D. Ichairmanl (Regned 8 M8r¢h 2025) S. A. Wkllis (fr688ur8r) (Re9n 8 Marctt 2025) T. F. Gittins {SecTetaryl (Resiw 8 March 2025) Durham Benevolence Limlted D. Maw IVi¢e ChaIrn> (Resigrd 8 Marth 20251 From 8 Mwch 2025 I dir8ctor$ of the ccrfpty8te Iru8tee, OUrtM Benevolence Lknit•d, arn re8pon80ble for the operallon8 of the chartty. The board of tho trustee8, kn(Ya as the Gw•l Purpose8 committ Imowng fmrri t directors cl Oufft8m 8tnevolencè Limiwl. vtho 8r¢ requirgd lo meet at least quartety. but actually meet More frequerrtly as the administralivo requirements of th8 charty diciate, run the charéty. Therg 18 a 8ubcommrtt?e frJr awarding educational and schdarshlp grants, a Subcommittee lor managing the shdlered lUsIng estates a further subeommitt•e. •thich adminlstsrs 8dedon ol Community Support granls a regular bast8.
DURHAM FREEMASONS CHARITY TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Rel•on31P wlth Wld•r N8lwork The Benevolent Committee works dcAdy Vlith a nbtr of other kxal Charitss arKI the Ma8onlc Charitable FoundatS0n. Ollw Ic¢d charitss". Provinryal Grand Mark Berevolent Fund - avaibLle to a88i8t rceSSItrth Mark Masons and their dependants. Ma8onl¢ Charitable Foundation IMCFI vAK8e th•itsble lI¥Ie$ indude.. ProVIOn of CO for the children of deceas1 or distr8S8ed Brethren ith th8 alm of providing. as far 88 Possible. tha Same oFfAytunlU¢8 in life a5 have baen avallabh had d&ath or misfortun8 rnt erturred. Th¢ ProvirKe h85 girls and boy$ urKYer tha eaffj of Ihe truBt. . Tho Mainter of a numbw of re86denti•l home8 for 8retPw•n and trir 8nd8nl8. Providing SUPPOrt for needy, Bkk and infifm Freema8M¥, their partners, chikdren and dyndanl$. Relief may only be granted lo those aprAieanls are unabk lo obtain medical treatment or 6UPFQrt on tho NHS wrthout undue dday or h•rdship. Provldlng 8UPPOrt for Masonic tonerS In distre88od c1rovnstans. other MaBonlc charltie8 and non man tharit8. Ststsm•nt ol tru8t•e•' mpon•lblll¢lo• Thè tru$t8e8 are re8pon6ibl for prep8ring the Trustee8' Repchl and tho finarKial 81atements in accAJrd8nce th pplicable law and United lQrvJdom Ac¢ovnting Stsnd8rUs IUnf<ed KlIWom Generally Acceptèd Accounling PrKcal. The law applicable to charities in England and Vle8 requir•s the trustéos to prepare ffnan¢ial 8tatemonts for each ffinanc181 year %thich glve a and falr wew of Iho slate of affalr8 cl charity and of the incc¥nlng resource8 and applicatjon of resourc88 of th& charty fy that year. In prtsparlng these flnanci818talements. the trustee8 • requlred to.. - 8ele¢t Bultable accounting pdicie8 and thon appty them c¥msistonty.' - Ob¥ the motPS and lpleS kn the char89 SORP., - Makelgements and •8timato8 Ihat are reaBon8 and - slate vthether ap1¢¥bIg 8CtountiThJ standwds hm been Idlcd. subjocl to ary molerial d8partuw di8d08ed 8rKI explained in the finoroal statements: and - prepare the financial 8t8t8m•nts on gory concem basis unl8ss rt imppropriats to presurr that the charfty vlll continue in operation. The trusl89s are responble for keeping Sufflefit a¢cwntiw r8cords that disclose with reasonable accuracy at any time the flnancial posibon of the tharity arKI enablé them lo re that the financial statements comply wlh the Charrties Act 2011, the Ch8rtty (Accwnts 8TrJ Reps) ReguLgtion$ 2008 aThJ the prowsK)n8 of the trust deed. They are also responsible for safeguarding the asS8ts of tho charty and for tsknng r888onable Steps fcf the preventbn and detection of fraud other irregularffjes. DiBclosurn of Infornmtlon to •uditor Each of the trustees has confinned that re is no inf(Kmab'on of vthich Ihey are thare lch is relevant to the audit, trljt of whith the audllor is wlaware. have fvrther confimied that tr*y have taken aFpropriate steps to identify such relevant irrfonnatjon and lo estsblish that the auditor is aware of suth Frrfc{Il<.
DURHAM FREEMASONS CHARITY TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Tr trustees, report was apwoved by the Board ofTru8t888. K. Tumtt iTreasurefl For & on tehalf of Dwham Benevd$nce Limited Trustee R. G. Scott (Seuetsryi For & on hatf0f Durham Benevdence mrted Trusts• /i?/.¥.............
DURHAM FREEMASONS CHARITY INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF DURHAM FREEMASONS CHARITY Opinion have audibJ the ffin8r $tatsm8nts of DurtM FrnemasCffl5 Chwity (th8 'tharity'l for the y881 anded 31 December 2024 which comprise the Statement of financfal &twrfie8, slalement of financial po$Yaon, the statement of cash fl¢)ws and notes lo the financial statements. irtluding signffic8nl accountTrng polties. The financHI reporting framework that has been aled in their preparatth L4 applicable law ar United Kingdom Accounting Stsndard8. in¢ludirwJ Finanoal ReForting StaThYord 102 The Financiol Reportirw Stand8nl 8ppltsbl8 in the UK and R8publK of Ireland (United lQngdom GengraltyAccepted AcctyJnb'ThJ PractKe). In w opMnr)n, the financ4818tatemenls'. give a Iwe and fair of th8 state ol the dwrty'$ aff4iTr as at 31 DeC)ber 2024 8nd of its incomkng resources and app1Kalic ol resourtss, for the year then eTrl,' have b88n property prepared in aGrdance wilh Unrted Generally Acctpted A¢ntIng Practiary,. have prepared in Kc(xdance wAth th& wuirwnents ofth8 Charitles Act 2011 Ba•1• for oplnk)n We conducted cAJr audit in acCOrdae wlth Internotiongl Standard8 on Ar¥a (UK} IISAS IUKII and op•cable law. Our r88p)nsibilrtie$ under those standards are further described In the Audilots rgsponsibilrtles for the audrf off the flnan¢i81 st8temenls section of our repc1. aro jndepeTrYenl of t eh8rity in COrdanCe vAlh thg ethical requlrernenls th8t are relevant to our athlit of the financial statements in th? UK, includlng the FRC'8 Eihul Standard, and we hav8 fijm11 our other ethul re8pmsitxlilies in aCcdance tmth th980 requiremnl$. bglievg ihat th• &vJlt ovldence VAry hov• obtw'n•d18 8uffldant and apwowie to kYovhJ8 a our OFthlon. Conclulon• r•l•tlrvJ to golng conc•m In auditing the flnancial $tsl•ments, we hav8 coneluded that th8 triJ81888' u88 af the going ¢on¢•m ba818 01 a¢¢ountsng In the preparation of the financlal statements is apwopn'ato. Based on Ihe work we have Férfrymed. we have nol identsfigd 8ry material uncertaintie8 relatlng lo ovenls or condStJons Ihal, indiwdually or collgclively. may cast svnificanl bI on the tharity's 8ly.llty to contlnuè os 8 goin9 concem for a P•fiod of at lea81 t¥¥? months from tAtn Iho ffin8ncial 8tatthnerrt8 8re authon8ed for i8$UO. Our resFonsibilrtie8 and the respcff1lIlles of the tru8t¢•s ¥th speCt to going COrM are dégcdbod in the relevant section8 of this rep(xL Other Informatk4n The other informatson compr58es the inftymation kncluded in the annu81 report ottr the fina181 $tat¢menls and our auditorfs report Iherew. The ITustses are responsible for the other Infcm4tw contained vAthln the annual report. Our opinlon on the financial 8tatemen15 does not cover the other InfrKmalion and we do not 8xpre$$ any form of a¥surance condu81on thereon. Our respwbilty is to read th8 other information and, in dolrYJ 60. Consider whether Ihg Othw infomiation is maten"8lly ineonsistent ith finarriol slatements or our kn¢wledge obtained In the cc¥Jr8e ol the audit, or othenise appears to be malerially misstated. If we hlentsfy such matsrial incon$istoncl8s or apparènt material mi8s1aternenls, we are required lo deterniir whther this gN88 rtse to o malerHI m1881alemenl in the financial statemen18 themselves. If, ba8ed on tha we havg perfm. ¢CAxaude thai th&re is malerlal mi5sL*ement of thi8 Other informaticffl. we are required lo that fact. ave nolhlng to r0Fth In this reg¥d. Mattorn on vthlch wo are reqUIr to r•port by ex¢•ptlon We have nothing lo report in respect of the followng matters in relallon to vthich the Charitlés (Accounts arKI Repjrtsl Regulats'ons 2008 requtre us to rel)rt to you rf, in our opinion.. the inlorm¥lion gp4en In the finorvial slatements 1$ ary material raswa with the trustees, reFort: or 8ufficient accounting records have Th)t been W, or the finawal statements are not in •3reemènt with the accounting records.. or we have not received all ts infomation aTrJ explanations we require for our audil.
DURHAM FREEMASONS CHARITY INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF DURHAM FREEMASONS CHARITY Regponslbilities of trustses As 8xpl8ird more fully in the 8tstement of ttee8. responwbilibès. the trustee8 are r8sp)n8lble for the preparation of the financial stemerrts and for s8ti$fied ihat they give a true arKI fair v?ew. and for such inlemal control as the Iru8tees determin8 is necessary lo enable the Pfeparation of finanual statem8nts that are free from materi81 misstatement, whether due to fraud or error. In prepanng Ihe statements, the trustees are responsible for assessing the charty'8 abilty to continue as a going ¢x¥Kem, disd¢)ng. as aprAicable. matters related lo going concarn and using the wrrfJ concern basis of amjnting unlgss thè trustees eithef N)teTrJ to ¢ease q)eratlons, or have no reall1¢ altem•tive bLrt to ¢Jo x). Audltorf• r•sponslbllltlM for th• audtt of tho flnanclal •tat•monts have been appointed as auditor under 9rf¢1 144 of ts Charities Act 2011 WKI rewrt in ac£ordan¢8 with the Act and relevarrt regtionS mad¢ or having 6ltect lhe[nder. Our oblectives 8r8 to c&tsin reasonable 8ssuranee #tUt wtther the fin8ncl81 statwnenls as a whob are free from material mi88talem6nl, wheth8r due lo fraud or errry. ond lo istsue an auditorfs report that includes our opinion. Reosonèble a88urance is a hh levd of assurance but Is not 8 guarantee Ihat an audit cOndted In accordoncg th ISAS {UKI will always dgtoct a matèr1 misstatgment it e818. mi8gtstem?nts can arl80 from fraud error and are con8i¢Jered malerkql ff, indlwdudty or in the aggregat8, they ¢ould rea8c¥Mbly be expected to influence th• economlc ded$iorn of u8er8 en on the ba%s of t58 finartl81 statsments. liregularrtles, Including fra1, are in8tarKe8 of r#xKompll8n¢o IM regulatbns. deBlgn procodure8 In Ilne our responsibiliti'es. oulirled above, lo detect malerigl mi88tstements in respect of irregularrties, includkB fraud. Th8 gxtent lo vthich our prxedure$ are c8pabfe ol dete¢ting trregularith?8. Including fraj i d•tailad below, Our approach lo Identifying and a6se8slng the risks of material misstatemort in TeBpect of Irre9ul8rlU18, indudlng fraud and non-complianc6 with law6 and regulakn"on$, wa8 as fdlow8'. the engagement partw ensured that ts engagement team cdlXivaly had the 8pproprlat8 Competenc•, capabi1S1ies and 8k1118 10 identfy or recogni58 rb)n<omplkgnce Imlh appllcable law8 and regul8lron$', w6 id8ntrfi6d the laws arKI wulations applvlJe to the charity through dis¢us8ions 'th Iruslees and oth?r management, and from cur commercial knowledge and experiènc8 of the sector. • we focused on speofL and regulaUon$ %thich considered may have a dirnct malerlal offect on the nancial statements or the operations of the charity. IludIng thè Charrti8s Acl 2011, taxatlon legi818lion, data protecllcn, anti-brlbery. enwronmental and health and safatylggislab'on.. • we a$¥e$$ed the extent of compllarKe the laws and reguLqts)ns klonb'fied above through maklng enquiries ol management aThJ in8pecting 981 corr8spond8nce," and idenliffed laws and regulations We ClmunICated within th8 audit Iwn rOgY arrfl the team remain8d alert to Instan6 Ot rK¥F¢PlIarKe thrKArt the au¢thL We as8e88ed tr SLweptlts"lty of th8 tharit8 financid statements lo malerial mis8tat6m, includlng oblalnlng an understanding of how fr8ud mBJhl occur, by". ming enquirigs ol managemert as to )? th&y Coldered tsre w88 susceptI11fy to fraud, their kncmledge ol xtual. suspecled and alleged fraj., 8fKI consbdering Ihe intemal ccth8 in F4ace lo mlts.gate risks of fra and Mnffjomplian¢o th laws ar regulalton8. To address the risk of fraud throuth managanert boas and overrxle ofconlrds, we: ' Ferformed analytical prlre5 lo idgntify 8ny unusual or unexp8ded r¢laionshjp8'. te8le¢J ioumal entries to identi'fy unusual transactions," assessed yether juthjements and assumpb"on$ made in dateInIng thg accountiry estimates were indicative of polwtial bias.. and ' investig81ed th8 ralKnale behind any identified sty)tficant or unusual transath"ons. 10-
DURHAM FREEMASONS CHARITY INDEPENDENT AUDITOR'S REPORT (CONTINUEDI TO THE TRUSTEES OF DURHAM FREEMASONS CHARITY In response to the risk of irregularlt1é5 and Mn<ompliance Tmth la and regulations. we designed procedures whlch included, but were not limited lo.. agreelng financial Statement disdosuf8s to urKlety"ng supportSNJ ¢JwJmentstion' enquiAng of man8gement as lo actual and potential 1lt4atii and daim8', and • r8viewng TespondCe w)th HMRC, relevant wulalors and the chaMty'$ legal ath80TS. There are inherent limrtati¢)ns in our aj11 pro¢odure8 desuibod &kn. The m(Ye romoved that lawB and regulallons are from financial transactic8, Ihe likely il 1$ that would trecome aware of non<ompliance. Auditing standards also limrt Ihe 8jit wccedures required to identsfy nrThcomplnee laws and regulatn& lo enquiry of the Iruslees and other managèment arKI the Inspection of regulatory aTrJ al Corresponde8, rf any. Material misstatements that anse lo can b• harder to detect than th08e that arise from ernr 88 tY may invofve ddlterale eoncealmenl or collusn. As part of audt In accordan¢8 ith ISA¥ IUKI. exard8e p¥olo8slonal judgmgnt and malntain profeson•1 8cepttci8m throught the audit. We also.. Idenllty and as8888 the risks ol materi81 ml$statem¢nt of Ihe financ1 8tatements, whether dua lo fraud or error, de8lgn and p8rfonn audit prcKeduras reswnsNe lo dsk8, and obtsbn audit evldénce that Is su.nI and apwopriale lo wowde a basis for our opinion. The ri¥k of r¥)t detecng a malèrlal ml8$talement r¢8ulbng from fraud i¥ higher than lor one Tesulllng from ¢Jrror. as fraud may Involve collus)n, forgery, intentior1 omiss1$. mi8repreSentstK5. or the override of inlemal contrd. Obtsin an erStandIng of intemal rèlevant to the audit In order to ¢siw audtt procedures that are approprl8t8 in the clrcUmstsn5. W not for the W$¥8 of expTg88ing an oy'nion on the effedvers$ of the intsmal control. Evaltsate the appropriat¢tMB of a¢¢ntIng pe8 U88d and th• roawn4bbgrS of K£ounllng •ilimalo8 and related disdosures mad8 by t trustees. Conclude on the aF¥ropriat$S of Ihg trusle¢$' use of the gc4ng ¢oncem ba8is of accounting and, ba8¢d on the ¥udil evtdence obtalned, wheth&r a material uncertw'nty exists related lo ev8nt$ or conditions that may cast slgnificant doubt on the th8riIY8 ality to ¢ctinUe as a going con¢em. If we conclud8 th818 merial un¢ertainty exlsl8, w• are reqUIj to draw attention in our auditor's report to the relal8J dis¢J08ure8 in Ihe fln8ncial 8t8tements or, if Such disd08ure8 are inadequate, to mc#Jify our opinion. Our conclusion8 we based i)n tr aLKIrt evidence obtained up to the date of e4Jr aL¥Jilor'$ re[. Holver, fvlure events or conditiMs may c4u8e the charrty to cease lo ¢ontsnue as a gn9 o)ncem. Evaluate the overall presentation. slructure and content of the financial statements, indudiThJ the disclosures, and whether the fin8nGiql ststements rewesent ts urmjevlwry tran5ath.cns and events in 8 m&)Mr Ihal achlove8 lair pr88entslon. We communlcate wlh those charged lti govemance regarding, anw other matter8. the plannod scopo and timirKJ of Il 8udrt and InIficant audrt findlngs, Includlng any rvficant deficierK kn intemal o)nlrol that v Ident during our audit. A fiwther descripti of our respon1e$ 18 8vaSlable on the Finantsal Repcxllng Coundl'8 bsIte at.. http8.'11 .frc.org.ukJaudilor8responsitilities. This d8scription forn part of tsjr auditorfs repcrtt. U•0 of our report This report made to the thantYB true. 88 a body. kn 8eccYdancg tyth part 4 of th8 Charrtigs {Aceount8 and Reports) Regulaticlts 2008. Our audrt has been undertaken so that we might stale to the charitys tnJ$lees those matters we ale required to Slate lo them in an aLhJitorfs report and for M other purpose. To the fijllesl extent permltted by law, V do not acceo or as8ume responsibilty lo aryone other than the charity and the charrty's trustee8 as 4 body. for our atJil work. for th16 repor( or for the Vow have fom)ed. 11
DURHAM FREEMASONS CHARITY INDEPENDENT AUDfTOR'S REPORT (CONTINUED) TO THE TRUSTEES OF DURHAM FREEMASONS CHARITY John P Yarrow FCA {Senlor Statsrtory Aud for •nd on b&h•lf of Allon SykH Audlt Umlt•d Ch•rternd Accountants ststutory Audltor 5 Henwn C108e Scxth Church Entèrpré88 Park 'shop Auckland Co Durham DL14 6V 12-
DURHAM FREEMASONS CHARITY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Currènt financlal y••r Total Total fvnds 2024 funds 2024 fund8 2024 2024 2023 Donation8 and legaaes Inv6slmenls Oiher in¢<>me 92.368 417.219 187 14.575 106.943 417,219 187 99.213 409,381 25,050 Totsl Incom• 509,774 14.575 524.349 533,644 Raising fiJrK18 234.624 234,624 83,274 Charitsblo act1¥18 310.048 5.600 315,848 205,029 B¢)undary CourtlPeler Straw House Repair Funds Othor 45.459 9,223 45,459 11.723 58,074 23,320 13 2,500 Total •xp•ndltur• 547.172 60.282 607,454 369,697 Net gainBIIIow8) Invaslments 14 140.(7 140,067 1.588,758 N•t Incomlngl{outgolng) r••ourc•• bolorn transfer• 102.689 (45,707) 58.982 1,752.705 Gr088 transfers ben funds (34,1> 34.061 N•t mov•mMt In fund• 68.808 (11,648) 58.962 1,752,705 Fund balanc•¥ al 1 January 2024 10.776.902 132,975 16.980 10.926,857 9.174.152 Fund balanc•• at 31 December 2024 10.845.510 121.329 16,980 10,983,819 10,926,857 The statement offinancl81 activrties ru•S all 9ain¥ and los rwnised in tho r. The statement of finar181 adivitles KIdeS al gains aThl [08888 recogni¥ed in tr y8ar. Al Income and exp¢nthlure derive from ¢ontinuing activitse8. 13-
DURHAM FREEMASONS CHARITY STATEMENT OF FINANCIALACTMTIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Prlor flnandal y••f Unrnstrlcted Restrttod Endowm•nt funds ndB funds 2023 2023 2023 Total 2023 Donatk)n5 and legacies Investments Cxhar Ineom• 70,204 409,381 25.050 29.009 99,213 409,381 25.050 Total Incom• 504.635 29.009 533.644 Rai&ng fijnds 83.274 83,274 Charltabse a¢llvitss 199,579 5.450 205,029 Boundary CourtlP•ter Str8¢•y Houge Repa Funds Other 58.074 16,318 58,074 23,320 13 7.c2 Totsl •xp•ndlturn 289,855 79.842 389.697 Net gwn8lVos8e8) on invesknents 14 1,588.758 1.588,758 Plet In¢¢mlngl(outsolng) r0urC# b•lorn tr•nsf•r8 1,803,538 150.833) 1,752,705 Net mov•mont In fund• 1.803.538 150.833) 1,752,705 Fund W¥rbce8 at 1 January 2023 8.973,364 183,808 16,980 9,174,152 Fund lancaS at 31 D•Gemb•r 2023 10,776.902 132.975 16,980 10,928.857 14-
DURHAM FREEMASONS CHARITY STATEMENT OF FINANCIAL POSITION ASAT31 DECEMBER 2024 2024 2023 Flxed assets Inveslmenl properties Investments 16 17 8,408,609 2,034,625 8,128,004 1,586,182 10,443,234 9,714.188 Current a¥•ets Oebtor5 Cash ot bank arKI In 166.125 1,059,260 528.802 1.225,385 Crndltov•: amounts hlllno wlthln on• y•ar 19 {64.0211 112,7141 Not curronl 888ets 540,585 1,212,871 Total a•••ts l••• curr•nt Ilabllltl 10,983,819 10.926,857 C•pStal fund• Endowment funds- ge1181 Incom• funds Reslricled funds 16,980 18.980 21 121.329 132,975 De8lgn8ted funds Genoral unre8trktfA fvnd8 4.442,153 6,403,357 4,475.837 8,301.C65 10,845,510 10,776,902 10.983,819 10.926,857 /io/¥ Th8 finwKial st8tements ware ¥)wo¥ed by theTrustee¥ ¢)n......................... K. Tumer ITreasurerl For & M behalf of Durham Benevo1Ce Llmtted R. G. Scott {Secr8taryi & on beh81f ol Dutham Benevo* Limit 15-
DURHAM FREEMASONS CHARITY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 ¢a8h Ilm from op•rntlng actlvltl•8 Cash absor by operations 26 (360.6961 {320,9171 Investlng acUvStle# Purchase of investment property Purchase of other inve8tments Prtteeds from disp0881 of othor inve8trnents Investment income received {216,189) (1,369.450) 996.658 417,219 154.2511 1621,094) 315,313 409,381 Not cA8h luied InVg•n•r•t•d from Invmtlng a¢tlvltl•s {171,762) 49.349 M•t c••h u¥•d In flnan¢lng Ktlvltl•• N•t d•cr••8• In ¢i•h and e••h •qU1•n {532.4581 1271,5681 Cath and cash oqulvabnts at beglnning of yow 1.059,260 1.330.828 Ca•h and ca•h •qulv•l•nts at •nd of y•ar 52e.802 1.059,260
DURHAM FREEMASONS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng polkS• Charlty Inforniatlon Durham Freemasons Charity 1$ a chlty registergj h ErKJland and Vl88. 1.1 Accountlng conv•ntlon The financial statements have been prepared in accordance wth the d)8rlty's trust deed, the chare$ Act 2011. FRS 102 "The Flnancl Reporting Slan•Jard aFplicatAe in Ihe UK arrtj Republic of Ireland. I'FRS 102.1 and the Charfles SORP "AcctsJnb"ng aThJ Reporting by Charities." Statèment of Recommended Practice appIlble lo charlties prepariTrJ thélr a¢counts in accordance the Financial Reporb"ng Standard applicablg in UK and R8puL41c ol arej (FRS 1021" (effective 1 January 20191. The charity 1$ a Public 8knfll Enlity as defiwl by FRS 102. The financlal statements arn prepared in 8terting, which 18 the I"¢1 currow of the charfty. Monètary amounts In th08e finanaal Stat1$ are to Ihe rnare81 £. The financial statements have been preparod undw the h15kn1cal cost ¢ffivention, modffiad to Ind18 Inv88tmtnl propertle8 and ortain 1ns1rwnts at falr yak. Tho w'ndpal accountlTr3 polki08 adopted are set out b8knv. 1.2 Golng Gonc•rn At ts"m8 of apprn9 ts financial 8tatemMts, the tnt hav• a r8a8on8trAe •¥pectation that the charity has adequate re80urce8 to contsnug In opeTrtiI existence for the for8s88able future. Thus thè trLBtee8 continue to adopt the goirvJ cCcern basi8 of a¢counllng in rKeparirvJ the finanual statements. 1.3 Charttable fund Unrestricted fund$ Wre ¥vaMable for use at Ihe of Ihe tru8to•$ in fvrth8rs of their charitabla oblectlvos. Re81rthl fvnd8 We 8ubJ¢L to 8Fedftc cork11$ by dwors or as to how tlw may be u88d. Tho purp)888 and uses of the fO8lricted funds are set out in tho notes lo thè financl81 statements. Endovrnent fvnds are subpd to wgcfflc conditic¥w by dornrs that raprtal musl be mwntained by tho ¢hadty. 1.4 lTrcom• Income is recogni8ed vthgn the chanty is legally entiued lo it after any rforn)•re condltK)n8 hav• been mgt, the amounts ¢8n be mea5w relwbly. and il 18 wobatA• that incoma ¥thill be recelvéd. Ca$h natIonS are reCOgned M receipt Other d018 are reccgnised once th8 charity has been nottfiod of the donatlon, unless perfmnce conoitions require deferral of the amounL IoMe lax recoverablè in rebts'on lo donalon8 received under Grf(d or de&Js of covenant Is recc#3nised at the tlme of the donation. Ltyacles arè rocogni8ed M recpt w other%¥i8e W tr dwrity has been notifièj of •) iMdIng di8trlbutbn. thg amount is known, and raceipt 16 expected. If the amount is not kn, Ihe legacy is treated as C0ntsngt esset. 17-
DURHAM FREEMASONS CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 AGcountlng wblkl•s (Contlnuad) 1.5 Expondltur• Expendrturg Is recognIS once thern Is a kgal cf constThti¥e c&ligation lo transfer 8conomic benefit lo third paty, 11 1$ probable that a transfer of economt benefits WTII be required in settlement, and the amount of Ihe obligation be measured rellay. Expenditure is Glassffied by thty. The costs of each actw are made up ol the total of di1 CO8t$ and 8hared costs, including support costs irwolv&Y in urkjertaklng each activlty. Dlrect costs 8ttributatle to a single actimty are allcrtated directly to that xtmty. Shared costs vthiGb conlnbute lo more than one activrty and 8UPPOrt ¢osts %thich are not attributatrAe to a actNty a app)rtion8d between those advites on a ba$1$ consislenl u8¢ ol re8ouree8. Central staff costs ore albcaled on the basls of ts'me spent. ar¥J deprecAation charges are allocated on the POrU ol a88et's use. 1.6 Inmtm•nt prop•rty Invgstment proFrty, wthlch hdd to eam rentals andlor for capltal appreclatlon. 1$ Initlalty recognised at Cost, wthich indude8 the purdwse c08t aTrJ any directy attributa? 8xpendlbJm. Sub88quently 11 Is me88urnd 8t tsir value ot the reporb"ThJ date. Tr surplus C defiul on r8valuation 18 recognlsed in profft or1088. 1.7 Flx•d •M•t InvMlm•nts Flxed 88set Sn¥e8trnents are Inrtkqlly measured at transactk)n prlce excluding tr8nsaclon costs, and 8r8 8ub88qu$nUy meèsurad al fair value at rep)rting date. Chan1 in ffr valuo are racognised In net incomellexpendiiur6} for the year. Transactim ¢o$ts 8re expansed as IncwT•d. 1.8 C••h ind c•8h •qUlV•nts Cash and cash equivalerrts irKkKle ca8h hand. at call with bank8, Other 8hort-tem liquld Inveslmenl$ wrth oTh31n maluriti88 of thre8 monlh8 and fAnk overdrafts. Bank ov8rdrafts ar• Sh) wilhln borrov+ing8 In currerrt liabilths. 1.9 Fln•nclal In•truffl•nts The chaNty h88 elected to appty Iho prov18#)ns of 11 'BaB Finandal Instruments. and S•¢tion 12 'Other Flnanci81 Instrumts Is8ue8' ol FRS 102 to all of lis finwKial in8trument8. Fln8naal instruments arè reccqni8ed in the chity's balan¢e sheet tbon the ¢harity becomes party to the conlractsjal wovlwis ofthe in8trwnenL Basic Ilnancl41 Jssots Baslc financial 8ssel$. which Ije deblors and cash aTrJ tnk balances, ar8 initkq1 measured at transaction price including tranWtI ctsts and a 3ubsequenUy carriefj at amortlsed ¢osl u8ing the effective Inlgrest method unless the arrangement )stItUteS 8 financing transactM)n, Whe the Iran8acllon Is measured at the present value of the firturé receipts diso)unted at a mark8t Tate of irrterest. Finarwl 88sèts clas8ffled as receNabk 7Mlhin one year are not amortL86d. Bask fin•n¢hlll&blllb•s Basic financlal liatslities. irlUdIng uedttor5 aTrJ bank logns ¥e inibally rec]nISl at transaction pr8 unles8 the arrangemert constitutes a finowng Iran¥action. ere th8 debt inslrumenl is measured at the k¥e$8nt value of the ILrturo payments di8CLKlnted at a morket rate of intwest. FinarKial liabilits.es classified as payable vAthin ¢ne year are ncé amcxlwd. Trade credrtors arè obligation5 to pay for goc4Js (Y sef¥ices that have te8n acquired in the ordinwy course of operations from suppliers. Arnounts payable are classffied as rrent liabilities rf payment is due wthin one year or less. If not. they are presented as non<urrenl liablllb"e8. Trade creditors are reccgnisod InallY al Iransadon price and subsequty measured at lsed cost using the effe¢tive lrterest methc*J. 18-
DURHAM FREEMASONS CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Crltlcal ac¢ountlng e8tlmateJ and Judg•m•Thts In the application of the char8 &c(1rj Folbies. the trustees are required to make judgements, èstimoles and assumpts'ons atout the carywng amount of assets and liatx"liti9s that are not readi 8pparent from other 80urc8s. Tr estimates arbd associated assumptK)ns are based on hi8torical experiwKe and other f8cltys that are con6i(lefed to te rdevant. Aclual re8uIt8 may th'ffer from thèse e8tim8tes. Tha estimates and undartying a88umty'on¥ are re¥iepd on an onwng ba818. Revisn3 to 4ccountlng 68tlmats¥ are recognised in the p&iod in ¥h¥th the estimate is revised vknèr6 the revision affe¢ts lY that period. or In the period of the and ftrture pmls whore the revision 8fle¢ts both current arKI ILrture periods. Donallons and acl Tot•1 Unre8trctsd Reslrlcted fvnds fund8 Total lund• nd• 2024 2024 2024 2023 2023 2023 Donation8 and gfft8 L•ga¢le8 rncelvable 90.188 2,200 14,575 104,743 2.2¢JJ 55.204 15,000 13,693 15,J16 88,897 30,316 92.366 14.575 11X.943 70.204 29,009 99,213 Ik)natlons and gfft• Brèthren & L¢)dge8 TLC Donatlon8 Almoners Coll•cliw$ other 81.605 81.805 14.575 8.422 141 55,204 55.204 13,893 14.575 13.893 8.422 141 ,168 14.575 104,743 55,204 13,693 68,897 Incomo from Inv••lments Unre¥trlct¢d Unrestrlct•d lund* funds 2024 2023 Rental irorne Dlvidends receNablo Interest reCee 355.079 39,347 22,793 358,241 44,647 8,493 417.219 409,381 19-
DURHAM FREEMASONS CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 lkner Incom• Unrmtrlctod Unrn•trlGtsd fund$ funds 2024 2023 Other inc(yne 187 25,050 Indud•J in other irKome ftK 2023 aLw is £25.050 In rnlaticfi to cash ld 813181 Dmber 2022 tmthin bank account ¢ontrollgd by th• tharity vhmth had not ten pievlou8ty incjuded wthin the financlal 8tslements. Exp•ndltur• on r•hlng fund• Unr8strl¢t•d Unrnstrfctsd funds funds 2024 2023 Inveslmgnt managoment 234.824 83,274 Expendltur• on ch•rltsbl• actl¥lt5 Charltabl• Actjvbtl 2024 Charbtsble Actlvltl• 2023 Dlw•ct ¢osts Ma8onlc Break 13,083 700 Grant fvnding of actiVleS {8ee r)te 8) 245,699 150,809 Share ol•upport and gov•m•nc• ¢ts (s•• nots 91 Support Gov•mance 49.216 7.850 44,325 9,195 315,648 205,029 An•tysls by fund Unrestricted funds Restricted funds 310,048 5.600 199,579 5,450 315,648 205,029
DURHAM FREEMASONS CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Grnnts payabl• Charitabl Actlviti08 2024 Charlt8ble Acttvitl•s 2023 Grants lo in$titutioro.' Defibfilalors CommurNty Supp)rt Grants Noman Jackson Legacy Grants 1.oc 75.401 63,070 136,889 98,100 234.789 139,471 Grant$ to indlvklual8 10,910 11,338 245,699 150.809 Support ¢osts •lkKal•d to actlvltl•• 2024 2023 Other exp¢n8es Legal and profes8lonal Management charges Payab Governan costs 985 10,731 37,500 7,650 5,880 37,500 9,195 56.886 53,S20 An•tyvd b•tTr: Charitable Ac0¥e8 53,520 Gov•rn•nc• ¢oBts comprkn•". 2024 2023 Audrt 8fKI accountanvrf Tru¥tee8 mn9 exFens•8 7,200 450 1,395 7.650 9.195 10 Net nvem•t In furMIs 2024 2023 The net movement in furwJ8 is Stated after chwglrW{cTedllJro)'. Fees payable for the 4jit rrt Ihe ¢har6ty's fina1•1 Statem• 7,200 7.8¢J) 11 Trusle•s None of the truslees (or any per8Ms connected with them) receivfyl any remUrratiOft or be15 from the ch8rty duriTra the Yr. 21
DURHAM FREEMASONS CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 Employge The averryè monlhty number ol emF41)yee8 during the yaar was: 2024 Number 2023 Numbor Total There V•8r• no empbyees t#)98 annual remunarab'on was more th £60.000. 13 Oth•r Total UnreSIrt8d R¢strfct8d fund• fund8 funds Totsl fvnd• 2024 2024 2024 2023 2023 2023 Other expenthlure 2,$00 9,223 11,723 7,(K)2 16.318 23,320 14 G•lns ind lo•u• on Invo•lmonts Unrn•trlctod Unr••trict•d tund$ fund• 2024 2023 Gainsl(lo88} aring on.. Revaluation of Inve81ments Revaluation of Investment prLywb'e8 75.651 64,416 58,371 1,532,387 140.067 1,588,758 16 Taxatlon The charty 18 exen¥il from laxatlon on its activ88 au88 all its incotrn applied for charitable purpos98. 10 InvMtm•nt propety 2024 Falr valuo At 1 January 2024 AdJitKJns through extem81 acqulsrtic Net gains or108ses through fair value adjustrn8nts 8.128.004 216,189 64,416 Al 31 Dgcember 2024 8.408,609 The investment pyopettes were r8valu8d by D & G Surwng Servbces, Chartered Surveyors on 12 December 2023 on the basis of mafkel value of vacant possession. The trustees believe that v81u& of thé prowti6$ hèld has changed 9nfficantty nce that d*e.
DURHAM FREEMASONS CHARITY NOTES TO THE FINANCIAL STATEAIENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 In¥e•tm•nt proporty {Contlnuod) The total fair value of the propety for wkni¢* charity hokl$ tiUe is £9,384.251. However. excluded from the carrng value of invaslment prLyety atove is £975,642 {2023 - £1.256.247) in r8lation to ts long lea8¢hoklef8 Intests for speufr Fpert thin the lIdIng$. 2024 2023 Freehold Long leaskn)Id Short leasehold 8.408,609 8.128,004 17 Flx•d aM•t Inve•thnts Ll•l•d InvMlm•nts Cost or v•luatlon At 1 January 2024 AddiUon8 lualon chang88 Dlsposals 1,586.182 1,369,450 75.8S1 1998,6561 At 31 mber 2024 2,034,825 C•rrylng •mount At 31 Decwnb•r 2024 2.034.625 Al 311)ecember 2023 1,588.182 2024 2023 Investments at f8ir value comwi8e: Equity Shargs Investrnenl Tru818 & Ur¥t Trusts UK Interest 1,557,756 165,371 40.352 271,146 1,293,975 123,534 107,133 61,540 2.034,625 1,586,182
DURHAM FREEMASONS CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 18 Debtor• Amounts f•lllng du• wlthln on• year. Oihar dab1S Prepayments and accrued incc¥ne 2024 2023 64,609 13.195 153,154 12,971 77,804 166.125 19 Cr•dltorn: •mouTrts falllng du• wlthln on? y•ar 2024 2023 Trada credltors Other creditors Accruals and deferrod Irthm8 38.408 12,220 13.393 378 2.271 lo,5 64.021 12,714 Endowment lund• Endo¥vm8nt fijnds ropresert assets whlch must I10 ptrmaw by th• chwty. Income a0g the endowmonl fiJnds c8n u*d In accordance W the objects of the tharty and 1$ Included a8 unreslrfclgd income. Any capital 98ln8 or losses arIn9 on the assets fom) part ol the fd. At l January 2024 At31 D•comb•r 2024 PormangTrt •ndowments Emesl Dixon Sth¢Jlarshlp FurKI 16,980 16.980 Prnvloug yHr: At 1 January 2023 At31 D•cember 2023 P6rman8nt •ndoThnt• Emesl D1xC Scholarship Fund 16.980 16,980 Th8 Emest Dixon Scholarship erwJTh¥Tn&rt fuThJ is hekl to gerate income to provlde grants lo chlldren of Ixethren are $tud8nts at UnNerslty or ThniCal Colleges.
DURHAM FREEMASONS CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 21 Re8trlct•d funds The restrict4 funds of the charity ccfflprise the Xpended balances of donations and grarrts held on tru81 Subject to specific nd¢en$ by dcert as to how they may be WAI. At 1 J•nury Incornlng Resourt•s 2024 rnsourc•• oxpend•d Tr•nJf•r• At31 D•cembèr 2024 Em881 Dixon Schdarship Fund Durhom M080nlc Education Fd Dutham Masonic Schdwthip Fund Repair Conlrfbull¢Jn FuTh1 Durham Relief Che¥t Fund Search arKI Resgje PSH Repair FuThJ 8C Rep8lr Fund TLC Don8t 3.919 3.919 34.514 {5,6LK)I 28,914 13.864 36.Crf)1 1.672 13,664 31,059 1,672 285 (4,9421 128.043) (17,4161 19.223) 28.043 10,0 17,127 25,813 10,671 31,185 14.575 132,975 14.575 (80,282) 34,Ce1 121,329 Pr•vlou• y•ar. At 1 January Incomlng R•sou 2023 r•BOu •xp•nded Tr•naf•rn At31 Decembor 2023 Emesl Dlxon Schdw8hip Furwj Duth8m Mascfflic E¢kn•tiL Fund Durham Masonlc SdKl8r8hip Fund Repair Contribution F Dwham Rellef Che81 Furnl Search and Rescu• PSH Repair Fund BC Repalr Fund TLC Donah"¥ 3.919 3.919 24,648 15,31e {5.450) 34,514 13,664 97,658 1,672 265 (22,922) 13,684 38,001 1.672 265 {61.6571 138,735) (19.339) 116,3181 61,657 17,127 25,813 28,438 13.893 183.808 29.009 179,8421 132,975
DURHAM FREEMASONS CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 21 Restvlcted funds IConllnu¢d) Purpose of rnstrictod funds: Emest Dixon Scholarship - To provide grants to chlhjron of brethren who are 8ludents at Universllies or ThnIcal Colleges. Durham Ma50nic Educatk)n Fund - To provth assist in Ihg &awtion and maintenance of neceswtc ¢hildren aged behveen five and eightsen. Dutham Masonic Sche4arship FthJ- To prnde grants to chiklren of brethren arn 8tudgnls at Unlversitig$ orTechnieal Coles. Repair Contrlbution Fund- Monies given for the chanty to C4)ver wop8ty eXpenUre costs 8818ndlords. Durham Rdief Chest Fund - Donotws gNen trdS the relief ch68t fund. Search and Re$t- Donatn$ givgn to hdp search and re8cué charits vla C¢ynmuth SUPFQrt 9rarts. PSH Repair Fund- Funds hehj to Cover future maintenance work on Peter Stracey Hous8. 8C Repair Fund- Fund hekl to cover flrtU maintenance vAyk on Bwndary Court. TLC t>onatlon8. Donations gfven tow8n18 ts Te(kli88 thtyth Lovin9 Care pYqe¢t. 22 Anatysh ol net ••••ts b•l*wn fund8 Unmtrlctsd Ro8trlct•d EndonI funds fund8 2024 2024 Total 2024 2024 At 31 Dec•mb•r 2024: Investmenl propertie• Investments Current a88etslOlabMltle81 8.408,609 2,034.625 402.278 8,408,609 2,034,625 540,585 121.329 18,980 10.845.S10 121,329 16.980 10,983.819 Unr••trl¢t•d R••trlctod EndO1nent fundj fund• fund8 2023 2023 2023 Total 2023 At 31 t)oc•mbgr 2023: Investment properties Investments Current as8etsllli&bi1ft6e$) 8.128,4 1.$86.182 1,062.718 8.128,004 1.586,182 1,212.671 132.975 16,980 10.778,WJ2 132,975 16.980 10.926,857
DURHAM FREEMASONS CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 23 UnrostrIct funds 88[• at R•sourGe¥ G•in8 ld B•ln •t Ro•ourc 1 Jaary 1023 •xpwxl•d lo•1 Janlry 2024 •XF•nd•d G•lns and Balanu at 109•M 31 DK•mb•r 2024 De8igngted Resèrve Fund Legacy Fund Norman Jackson FuTrJ Gener Reserves.. Revalualion Reserve 800.0fy) 145.303 800.0 145.303 800,000 145.303 710,191 (63.0701 847.121 {98,100) 549.021 1,351,026 1.532.387 2,883.413 64,416 2.947.829 3,006.520 (63,0701 1.532.387 4,475,837 {98.100) 84,416 4,442.153 Purpo•• ot tund•: Designated Re88rve Fund- To meet t co8t oftho fvlwe repurchas• of piop¢rtw. Legacy Fund . To match fund pyoiects carrie(l OLrt by Brethron * the di8cretNJn of the GerrnI Purp08es Committee. Nom8n Jack80n Flmd. To alloco1• moms from th• Norman JacksM lega. Revaluation Re88No- UnrealiBed gakns on the rev{ of in¥e8tm•nl propgty. 24 R•lal•d p•rty tr•n••ctlon• Mr J and Mr T Gittins, trustees, are the deputy F81 grand master and secretsry r88PeCtlvely ol Prowncial Grand Lodge of Durham . Included in 8UPPOrt costs i8 a management charge from Provincial Grand Lodge of Durham of £37.50012023- £37.5001. 26 cash g•n•rnt•d from oporallon8 2024 2023 Surplus for tho y $6,962 1,752.705 Adlustm8nts lor. Investrnent income reeognisod in stalemwl of ffinan¢i81 •Jl¥illes Fair value gain5 afKI losses on inveslrrnt properties Falf value gains aThJ losse8 on lnvesirrts 1417,2191 1409,3811 164,4161 (1.532,3871 (75,651) 156,3711 Movam8nls in workifVJ capital.. Decre88ellincreasel in debt(K8 Increaselldecr8asel in credrt(Y¥ 88.321 51.307 (64,531) 110.9521 Cash absorbed by op•rJtlon• 1360,696) 1320,9171 -27-
DURHAM FREEMASONS CHARITY NOTES TO THE FINANCIAL STATEPAENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 26 Anatysls of chang•5 In n•t fvnd• The Charity had rw) materid debt during the .