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 chaiM￿n)
{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. Th￿￿p$
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}
{Ap￿Inted 13r21251
{App)inted 13r2r251
{Apwlnt•J 1312r251
{App)intèd 1312r251
{Apwinted 13r2r251
{Appointgd 1312r251
(Appolnled ￿3￿5)
{AFoointed 8131251
IAppoinl&J 813r251
(Apwnled 8/3￿5)
(Apw'nled 1416r251
D. Maw Is alw a membw oftlN* Ccrfnmunty Grnnts Su￿c￿MMittee
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. Katsam￿S
{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. N￿an
B. FlJrser'
C.Ro*pll *
' 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
816￿pAuc￿jand
Co Durt￿M
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 Fa*rett 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 finar￿al 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 i￿reaSe the effectrNw*8$8 ortr￿se grants.
3. Implemonled a thorou*h System for monitorfng Ihg impact of wr grants - to Nghllght whare tho Dutham
Freemasons Chaty can furthf Se￿ ¢)ur communlty.
4. Given bett8r protection to our tru8t888 by Ch￿gIr*g our ltyal stnKture and u8irg Duth8m Benevolonce
Limrted 48 our main trustee.
S. Further frrfmali8¢d ￿￿edurnS for monitLYtry the manageM￿t of ow shelter&J hwslng . lo Fyovkle
In¢rea8ed protedon of our 888els whi18t 0180 iriyothg the **llbeing of our re8*1￿ts.
Al Ihls 8t8ge I would lik6 to thank ow Mce-chaimian. DurKan M￿. and tyjr Eststss C¢ynmrtt88 Ch81rman. Jthn
Davey. lor It*ir cons1derab￿ work in puttirvj these changts in Pl￿8. charity is now in a better Pla￿ lo de81
any future188ue¥ becau8e of the work they have done.
Our o¢counl8 for Ihe year shwd a mod88t SUfplu$ 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
DecoM￿r 2023. The maln 8￿Jr¢• of d￿tiOnS once 89ain came from lodggs and memt*rs (£81,605 whth
onc1￿￿ed £40,162 tran318rrgd in frcffl tho separately l*ld 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 Gr*wJ M88tw John TI￿pIOn & Dgpthy Grand
Master Michael Graham.
The £14,575 Shown in our aCt￿ntS a6 re8lri¢Xed fv￿ts 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¢<xn•
Our investment income Onduding renial irKorne fr(Mn FnFety as descrfb9d bgltyvl in the year rwnar*d relativdy
¢on$1st￿t during the year at £417,219 compared to £409.381 in the wev1¢)￿* ygar.
Our investrnents a180 I￿reased in vdue during Ihe year ty £140,[￿7. Of this inue8￿. £64.416 was an irKrease in
our in¥e8tm8nt property values cauwj by Ixry- W of 4 kyowtss dunng the year. The remainlng £75.651 wa8
due lo gains on our investments.
DurlNJ the y￿r ￿ took to Conc&￿ (KK Investm￿ ￿ one broker. ard in that rnspect moved
our portfc4io from Rathtones lo Bfevrin C￿lE1)ITh. l thank U)e Chaimian ol ow Investmant Committee, D￿ld Atkinson,
for hi$ diligent work 8in¢o hi8 •Kwirknient In Marth 2024.
Prop•rty
Our 2 8hettor¢d hou$lng w0￿r￿•S r8188d rents of£355.079 compared to £356,241 last year.
We contynue to Invest in ensurlng that our wopertigs rwnain at a gooJ stsndard of repair and in tre yo8r to 31
December 2024 we spent £84.480 fxb repoirs. upgrades wJperty management C08ts 01 Peter Stra￿Y Fbu8e
and £120,830 at Boundary Court, Indudiw fire alarm and Lyd&ted fire Safety measures.
Exp•ndllurn
Durfng the year our total chanlable exwndrtur8 was £315.648 of wthlch £136,689 were Communty su￿ort Grnnts
from ￿r main fttnd and £98,100 tr￿n our Ncrfman Jack8on Fund, £13,083 was toward8 a Mas￿IC Break for a
number of our brethren, wives and wdow8, £5,310 was Icrf emergency grants to our own brethren who needed
immediate a8SiStance and £5,600 was paid *xt from our Ed￿tIC￿ F￿￿.
The remalniry £56,866 was spent Jupport and govemanc8 costs incljjlng crfjf annual payment 1£37,$001
Provinclgl Grand Lc¥Jge Io covgr $tsff cost8, promises costs, staknery etc, and legal costs of £10,131 relallng lo
lh8 review of our Str￿lure CC¥Kluct8d by our 8(Aialor#.
Grants mad•
For Iha 8ocond year runn*&, through Nom)an Jthon fund. we m•do 8 granl of £25,000 to Ihg lQng'8 Tfu8t
Ifomerly Pri￿e'S Trust), and again we engaged in the Dragons Den scheme, which 8nabl8s groups of young
people to bring fword their c¢vnmunity enhancement ide8S to a panel of 'Oragons' Ib¢al freema$on51 for approval
and funding. The f¢e(l)aGk fr(yn Ihls project from both ts young peorAe and dr89on8 allke ha$ been vwy
encoufaging.
Other notsble gr•)ts In yoar from our maln ftmd Indtkl•d £5.OW lo the RSM appeal, £S,1)00 to tho Mwk
Ben￿olent Fe8tlval- our second annual payment. wth three stjll lo be made, £20.500 to four veterang, charities on
Rgmembrance Day arKI £10.000 to tm Great North AlrAm1￿1￿C•.
Almonern Accounl
Our chanty a180 run8 ￿ Prowrtt of thjrham Amcthrs b*k a¢coLrt. The account 1$ Used lo recewe dcthtion
from ctosing lodges so that can continua to support, thrcyjgh a ￿￿)rk of Carin9 Volunteers the widow5 of thos8
lodges that have now closed. IrKome In the year was £10,422 from dosirvj kxlges,10th3e don8tlon8 and a giataf¢Jlty
received of £2,OCQ from V¥Trl M￿lIS. ExFendItU￿ (neady dl on Christmas Gffts). amounted lo £2.500 in Ihg
year. Thes0 fuThJs arg rgquired to fulfil c￿￿milmants that ¢an 8trelth over dgcadgs.
TLC Account
also fun the TLC A¢ctsJnt. This ￿herne donat88 c(Mnfort bws to the Vthprtal A & E depts in Ihe Provlnce. ar
to dale we have donated wdl over 100.000 teddies to children in distress in Province of Durh8m. We have now
stsrted to provide a swcialist Teddy. alongside our Art Therapy packs, lo nursing homo5 wth residents living wlth
dementia. The impact of these on the health aTrJ *￿IL￿n9 of the rwpients is substantial arKI this proj8
represents a valuable èxpansi￿ of Ihe scheme. As 8tated atove. Ir￿￿me in the period was £14,575 aThJ e>4)enses
w8re £9,223.

DURHAM FREEMASONS CHARITY
CHAIRMAN'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
In ConcI￿lon
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& e￿ured 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 V*Duld 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 oUrt￿M Freema¥ons Charfty rep￿Sentat￿ {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 tr*ir annual rewrt and lIn￿al 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￿ Ber*volent Fund).
The fln8ncial ststemenls have been prepar*J in ￿dance V•ith the aecounting pollues set out in note 1 to the
financial statements and comply th the eharit*s 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 app￿ca￿a 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 t￿ethr•n with aw'stance to fvrther fvir education &rKI to
Support (Yg8nl8a￿0n1 that P￿de beneflt to Ioc41 c(xr*nunty.
In ¢)rder lo further tr￿8¢ objecttves, the activiti'es of Ihe d￿rIty Can be c41ooJised a• fdlm..
Provision of sheltered 8ccrynmodation to aged breltrni a￿Or thw thperthrrt•.
Awarding grants to nethjy Ixethren, Iheir deperyJants and wthws.
Aw8rding grants to tha children ol broth￿n, to assist theii engwment in wnmunty Krtioct8,
Awarding Communlty Support Grants, and
Provislon of holiday ￿ ¢￿Va￿ent tyeak8 for needy brèthren and deP￿dants.
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 deli￿r5 pub16c benefft, an¢J duè regard 1$ paid to ts guldance on public benefit when
deddlng on wh•1 new projects th• charity sh￿0 ￿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 SupF*yt grant$.
Dudng the ya•T, in an att￿p1 to Sp￿ g￿t Pthi8h)n servlce5, the Commurlty Support Grant su
committee were given auionomy In 8electfft9 Surtable reciwenls for grants wrth p8yment made soon after Ih81r
8pproval of the grant. The grant making FOIKY k8 wbjecl lo an Ovérvi￿ of pdicy on grant makn'ng by tho Irustèa
dlrectors of Durham 8enevolerta knmitsd.
Emergerw gfanl¥ arn made to tsneficjwtes Imemtws of Mem￿r$I at the discretion oftr* management
and approved retrD¥pediv¢ty awnym4xoly at trust￿direCtorS, 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 f￿a 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 *o￿tants are hdenlified and a(led upon..
The officers of the g8neral purpw Cornmittee. th8 Chafirman J.D. ￿11)tts vtho corKI￿ted 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 Cc*nmittee 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$lng
devel¢¥)ment6 known a8 Peter Stracey House aTrJ B￿ndary Court. Tr extensNe rnnov8b.on programme ol
8partmenl8 al Petsr Stracey House Contir￿S oThJ costs are kopt ￿ budgeL
Community support grants aro Lwr main line of grant giving lo dub$, 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 exp￿idi1U1è 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, de￿gnated 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 r￿ry@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 We￿11￿j 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, V*tK¥ have the p)wer to inv9s1 In Such stock8
$hares. propety and other assets as they Jee fft. Quartetty re￿rts a￿ ¥ubmitted by ¢JJr st￿kbr9ker, together witti
recommendatlons for managirvJ the p￿0110 in the I￿￿mIng quart8r. The policy is lo adopt a medium risk
strategy bosed on m￿MiS1ng th8 returns on the irNests))ents wfillsi cbtaining rnasOnats￿ grth*h 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 satsf*AJ 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 activ￿8& to ba
m8lr*ained at least at their ￿rrOfit levokn.
In the medlum temi the plan is for con801klatOon of the fund 80 trbat In￿sImOn1$ 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 w￿1 be incJJrred so 88 to makè sure our 8hglt•fed accommodati)n pr*ct8 are
11 mainl•Sned and Improved ￿re deemed neeessary.
From 8 Mar¢h 2025 t￿ truste08 and members of thg Genwal p￿pol￿ Committee bec*ne Or￿torS of tlwham
Benevolen¢e limil&J. a dom￿￿1 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 Pro￿n￿oI Grand Mastef oppointed annu￿lY 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
(Re￿gned 8 M8r¢h 2025)
S. A. Wkllis (fr688ur8r)
(Re￿9n￿ 8 Marctt 2025)
T. F. Gittins {SecTetaryl
(Resiw 8 March 2025)
Durham Benevolence Limlted
D. Maw IVi¢e ChaIrn￿>
(Resigr￿d 8 Marth 20251
From 8 Mwch 2025 I￿ dir8ctor$ of the ccrfpty8te Iru8tee, OUrt￿M 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•￿on3￿1P wlth Wld•r N8lwork
The Benevolent Committee works dcAdy Vlith a n￿btr of other kxal Charitss arKI the Ma8onlc Charitable
FoundatS0n.
Ollw Ic¢d charitss".
Provinryal Grand Mark Berevolent Fund - avaibLle to a88i8t r￿ceSSItrth Mark Masons and their
dependants.
Ma8onl¢ Charitable Foundation IMCFI vAK*8e th•itsble ￿lI¥￿Ie$ indude..
ProVI￿On of CO￿ for the children of deceas￿1 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 tr*ir *8nd8nl8.
Providing SUPPOrt for needy, Bkk and infifm Freema8M¥, their partners, chikdren and dyndanl$. Relief may
only be granted lo those aprAieanls are unabk lo obtain medical treatment or 6UPFQrt on tho NHS wrthout
undue dday or h•rdship.
Provldlng 8UPPOrt for Masonic ￿t￿onerS In distre88od c1rovnstan￿s. other MaBonlc charltie8 and non
ma￿n￿ tharit￿8.
Ststsm•nt ol tru8t•e•' mpon•lblll¢lo•
Thè tru$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
PrK*cal.
The law applicable to charities in England and V*le8 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 motP￿S and ￿￿lpleS kn the char￿89 SORP.,
- Makel￿gements and •8timato8 Ihat are reaBon8￿* and
- slate vthether ap￿1¢¥bIg 8CtountiThJ standwds hm been Idlc*￿d. 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 respon￿ble for keeping Suff￿lefit 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 Rep￿s) 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￿￿ $tatsm8nts of Durt￿M FrnemasCffl5 Chwity (th8 'tharity'l for the y881 anded 31
December 2024 which comprise the Statement of financfal &twrfie8, slalement of financial po$Yaon, the
statement of cash fl¢)ws and notes lo the financial statements. irtluding signffic8nl accountTrng polties. The financHI
reporting framework that has been a￿led 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 eTr*l,'
have b88n property prepared in aG￿rdance 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 acCOrda￿e wlth Internotiongl Standard8 on A￿￿r¥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 repc*1. 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 fijm1￿1 our other ethul re8pmsitxlilies in aCc￿dance tmth th980 requiremnl$. bglievg
ihat th• &vJlt ovldence VAry hov• obtw'n•d18 8uffldant and apwowi*e to kYovhJ8 a our OFthlon.
Conclu*lon• r•l•tlrvJ to golng conc•m
In auditing the flnancial $tsl•ments, we hav8 coneluded that th8 triJ81888' u88 af the going ¢on¢•m ba818 01
a¢¢ountsng In the preparation of the financlal statements is apwopn'ato.
Based on Ihe work we have Férfrymed. we have nol identsfigd 8ry material uncertaintie8 relatlng lo ovenls or
condStJons Ihal, indiwdually or collgclively. may cast svnificanl ￿￿bI on the tharity's 8ly.llty to contlnuè os 8 goin9
concem for a P•fiod of at lea81 t¥￿¥? months from tAt*n Iho ffin8ncial 8tatthnerrt8 8re authon8ed for i8$UO.
Our resFonsibilrtie8 and the respcff￿￿1lIlles of the tru8t¢•s ¥￿th ￿speCt to going COr￿M are dégcdbod in the
relevant section8 of this rep(xL
Other Informatk4n
The other informatson compr58es the inftymation kncluded in the annu81 report ott*r the fina￿181 $tat¢menls
and our auditorfs report Iherew. The ITustses are responsible for the other Infc*m4tw 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 othen*ise appears to be malerially misstated. If we hlentsfy such matsrial incon$istoncl8s
or apparènt material mi8s1aternenls, we are required lo deterniir* wh￿ther this gN88 rtse to o malerHI m1881alemenl
in the financial statemen18 themselves. If, ba8ed on tha we havg perf￿m￿. ¢CAxaude thai th&re is
malerlal mi5sL*ement of thi8 Other informaticffl. we are required lo that fact.
ave nolhlng to r0Fth In this reg¥d.
Mattorn on vthlch wo are reqUIr￿ to r•port by ex¢•ptlon
We have nothing lo report in respect of the followng matters in relallon to vthich the Charitlés (Accounts arKI
Repjrtsl Regulats'ons 2008 requtre us to rel￿)rt to you rf, in our opinion..
the inlorm¥lion gp4en In the finorvial slatements 1$ 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 8xpl8ir*d more fully in the 8tstement of t￿￿tee8. responwbilibès. the trustee8 are r8sp)n8lble for the preparation
of the financial st*emerrts and for s8ti$fied ihat they give a true arKI fair v?ew. and for such inlemal control as
the Iru8tees determin8 is necessary lo enable the Pfeparation of finanual statem8nts that are free from materi81
misstatement, whether due to fraud or error. In prepanng Ihe statements, the trustees are responsible for
assessing the charty'8 abilty to continue as a going ¢x¥Kem, disd¢)*ng. as aprAicable. matters related lo going
concarn and using the wrrfJ concern basis of amjnting unlgss thè trustees eithef N)teTrJ to ¢ease q)eratlons, or
have no reall￿1¢ altem•tive bLrt to ¢Jo x).
Audltorf• r•sponslbllltlM for th• audtt of tho flnanclal •tat•monts
have been appointed as auditor under 9rf¢1￿ 144 of ts Charities Act 2011 WKI rewrt in ac£ordan¢8 with the
Act and relevarrt reg￿tionS mad¢ or having 6ltect lhe[￿nder.
Our oblectives 8r8 to c&tsin reasonable 8ssuranee #t￿Ut wtther the fin8ncl81 statwnenls as a whob are free from
material mi88talem6nl, wheth8r due lo fraud or errry. ond lo istsue an auditorfs report that includes our opinion.
Reosonèble a88urance is a h￿h levd of assurance but Is not 8 guarantee Ihat an audit cOnd￿ted In accordoncg
th ISAS {UKI will always dgtoct a matèr￿1 misstatgment it e￿818. mi8gtstem?nts can arl80 from fraud
error and are con8i¢Jered malerkql ff, indlwdudty or in the aggregat8, they ¢ould rea8c¥Mbly be expected to influence
th• economlc ded$iorn of u8er8 ￿en on the ba%s of t￿￿58 finartl81 statsments.
liregularrtles, Including fra￿1, 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 pr*xedure$ are c8pabfe ol dete¢ting trregularith?8. Including fra￿j 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$, wa8 as fdlow8'.
the engagement partw ensured that ts engagement team cdl*Xivaly had the 8pproprlat8 Competenc•,
capabi1S1ies and 8k1118 10 identfy or recogni58 rb)n<omplkgnce Imlh appllcable law8 and regul8lron$',
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. I￿ludIng 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￿ C￿lmunICated within th8 audit Iwn rOg￿￿Y arrfl the team remain8d
alert to Instan￿6 Ot rK¥F¢￿PlIarKe thr*KArt the au¢thL
We as8e88ed tr* SLweptlts"lty of th8 tharit￿8 financid statements lo malerial mis8tat6m￿, includlng oblalnlng an
understanding of how fr8ud mBJhl occur, by".
m*ing enquirigs ol managemert as to **)?￿ th&y Co￿ldered tsre w88 susceptI￿11fy to fraud, their
kncmledge ol xtual. suspecled and alleged fra￿j., 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 pr￿l￿re5 lo idgntify 8ny unusual or unexp8ded r¢laionshjp8'.
te8le¢J ioumal entries to identi'fy unusual transactions,"
assessed y￿ether juthjements and assumpb"on$ made in date￿InIng thg accountiry estimates were
indicative of polwtial bias.. and
' investig81ed th8 ralK*nale 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 ￿￿Tespond￿Ce w)th HMRC, relevant wulalors and the chaMty'$ legal ath80TS.
There are inherent limrtati¢)ns in our a￿j11 pro¢odure8 desuibod &kn. The m(Ye romoved that lawB and
regulallons are from financial transactic￿8, Ihe likely il 1$ that would trecome aware of non<ompliance.
Auditing standards also limrt Ihe 8￿jit wccedures required to identsfy nrThcompl￿nee laws and regulat￿n& lo
enquiry of the Iruslees and other managèment arKI the Inspection of regulatory aTrJ *al Corresponde￿8, rf any.
Material misstatements that anse lo can b• harder to detect than th08e that arise from ernr 88 t￿Y may
invofve ddlterale eoncealmenl or collus￿n.
As part of ￿ audt In accordan¢8 *ith ISA¥ IUKI. ￿ exard8e p¥olo8slonal judgmgnt and malntain profes￿on•1
8cepttci8m through￿t the audit. We also..
Idenllty and as8888 the risks ol materi81 ml$statem¢nt of Ihe financ￿1 8tatements, whether dua lo fraud or
error, de8lgn and p8rfonn audit prcKeduras reswnsNe lo dsk8, and obtsbn audit evldénce that Is
su￿.￿nI and apwopriale lo wowde a basis for our opinion. The ri¥k of r¥)t detec￿ng a malèrlal
ml8$talement r¢8ulbng from fraud i¥ higher than lor one Tesulllng from ¢Jrror. as fraud may Involve collus￿)n,
forgery, intentior￿1 omiss1￿$. mi8repreSentstK￿5. or the override of inlemal contrd.
Obtsin an ￿￿erStandIng of intemal rèlevant to the audit In order to ¢*siw audtt procedures that are
approprl8t8 in the clrcUmstsn￿5. W not for the W￿$¥8 of expTg88ing an oy'nion on the effedver*s$ of
the intsmal control.
Evaltsate the appropriat¢tMB of a¢¢￿ntIng p￿￿e8 U88d and th• roawn4bbgr￿S 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 a￿lity to ¢c￿tinUe as a going con¢em. If we conclud8 th818
m*erial un¢ertainty exlsl8, w• are reqUI￿j 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[￿. Hol￿ver,
fvlure events or conditiMs may c4u8e the charrty to cease lo ¢ontsnue as a g￿n9 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 I￿nIficant audrt findlngs, Includlng any *rvficant deficierK￿ kn intemal o)nlrol that v
Ident￿ during our audit.
A fiwther descripti￿ of our respon￿￿1￿￿e$ 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 tru￿e￿. 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 at*Jil 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¥1￿8*
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 be￿n 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 r￿u￿•S all 9ain¥ and los￿ rwnised in tho ￿r.
The statement of finar￿181 adivitles ￿KI￿deS 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.c￿2
Totsl •xp•ndlturn
289,855
79.842
389.697
Net gwn8lVos8e8) on invesknents
14
1,588.758
1.588,758
Plet In¢¢mlngl(outsolng) r0￿urC# 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- ge1￿181
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
Benevo1￿Ce 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 •qU￿1•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 ch*lty registergj h ErKJland and V*l88.
1.1 Accountlng conv•ntlon
The financial statements have been prepared in accordance wth the d)8rlty's trust deed, the char￿e$ Act
2011. FRS 102 "The Flnanc￿l 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
appIl￿ble lo charlties prepariTrJ thélr a¢counts in accordance ￿ the Financial Reporb"ng Standard
applicablg in UK and R8puL41c ol are￿￿j (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 Stat￿1$ are to Ihe rnare81 £.
The financial statements have been preparod undw the h15kn1cal cost ¢ffivention, modffiad to Ind￿18
Inv88tmtnl propertle8 and ortain 1ns1rw￿nts at falr yak￿. Tho w'ndpal accountlTr3 polki08 adopted
are set out b8knv.
1.2 Golng Gonc•rn
At ts"m8 of appr￿n9 ts financial 8tatemMts, the tn￿t￿ hav• a r8a8on8trAe •¥pectation that the charity
has adequate re80urce8 to contsnug In opeTrti￿I existence for the for8s88able future. Thus thè trLBtee8
continue to adopt the goirvJ cC￿cern 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 cork*11￿$ 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)•r￿e condltK)n8 hav• been mgt,
the amounts ¢8n be mea5w￿ relwbly. and il 18 wobatA• that incoma ¥thill be recelvéd.
Ca$h ￿natIonS are reCOgn￿ed M receipt Other d￿01￿￿8 are reccgnised once th8 charity has been nottfiod
of the donatlon, unless perfmnce conoitions require deferral of the amounL I￿oMe 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 rec*pt w other%¥i8e W tr* dwrity has been notifièj of •) iM￿dIng di8trlbutbn.
thg amount is known, and raceipt 16 expected. If the amount is not kn￿￿, Ihe legacy is treated as
C0ntsng￿t 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 constTh￿ti¥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 rella￿y.
Expenditure is Glassffied by thty. The costs of each actw are made up ol the total of di￿￿1 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 proF*rty, 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$nUy meèsurad al fair value at rep)rting date. Chan￿1 in ff￿r valuo are racognised In net
incomellexpendiiur6} for the year. Transactim ¢o$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 Instrum￿ts Is8ue8' ol FRS 102 to all of lis finwKial in8trument8.
Fln8naal instruments arè reccqni8ed in the ch*ity's balan¢e sheet *tbon the ¢harity becomes party to the
conlractsjal wovlwis ofthe in8trwnenL
Basic Ilnancl41 Jssots
Baslc financial 8ssel$. which I￿￿je deblors and cash aTrJ t*nk 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. ir￿lUdIng uedttor5 aTrJ bank logns ¥e inibally rec￿]nIS￿l at transaction pr￿8 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 In￿allY 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 char￿8 &c(￿1r￿j 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¥ie*pd on an onwng ba818. Revis￿n3 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 ir￿orne
Dlvidends receNablo
Interest reCe￿￿e
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 D￿mber 2022 tmthin
bank account ¢ontrollgd by th• tharity vhmth had not t*en 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 actiV￿leS {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•t￿Tr:
Charitable Ac0¥￿e8
53,520
Gov•rn•nc• ¢oBts comprkn•".
2024
2023
Audrt 8fKI accountanvrf
Tru¥tee8 m￿￿n9 exFens•8
7,200
450
1,395
7.650
9.195
10 Net n￿vem•￿t In furMIs
2024
2023
The net movement in furwJ8 is Stated after chwglrW{cTedllJro)'.
Fees payable for the 4￿jit rrt Ihe ¢har6ty's fina￿1•1 Statem•
7,200
7.8¢J)
11 Trusle•s
None of the truslees (or any per8Ms connected with them) receivfyl any remUr￿ratiOft or be￿￿15 from the
ch8rty duriTra the Y￿r.
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 UnreSIr￿t8d 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(lo8￿8} ari￿ng 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 activ￿88 *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
carr￿ng value of invaslment prLyety atove is £975,642 {2023 - £1.256.247) in r8lation to ts long
lea8¢hoklef8 Inte￿sts for speufr F￿pert￿ ￿thin the ￿lIdIng$.
2024
2023
Freehold
Long leaskn)Id
Short leasehold
8.408,609
8.128,004
17 Flx•d aM•t Inve•th￿nts
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 dab1￿S
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 ￿ I￿10 ptrmaw by th• chwty. Income a￿0￿g ￿ 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 arI￿n9 on the assets fom) part ol the f￿d.
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 ge￿rate income to provlde grants lo chlldren of
Ixethren are $tud8nts at UnNerslty or T￿hniCal Colleges.

DURHAM FREEMASONS CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
21 Re8trlct•d funds
The restrict￿4 funds of the charity ccfflprise the ￿￿Xpended balances of donations and grarrts held on tru81
Subject to specific ￿nd¢￿en$ by dc￿ert as to how they may be WAI.
At 1 J•nu*ry
Incornlng Resourt•s
2024 rnsourc•• oxpend•d
Tr•nJf•r•
At31
D•cembèr
2024
Em881 Dixon Schdarship Fund
Durhom M080nlc Education
F￿d
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
T￿hnIcal 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 prn￿de grants to chiklren of brethren arn 8tudgnls at Unlversitig$
orTechnieal Col*es.
Repair Contrlbution Fund- Monies given for the chanty to C4)ver wop8ty eXpen￿￿Ure costs 8818ndlords.
Durham Rdief Chest Fund - Donotws gNen t￿rdS the relief ch68t fund.
Search and Re$￿t- Donat￿n$ givgn to hdp search and re8cué charit*s 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 Endo￿nI
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 EndO￿1nent
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
8￿8[￿• at R•sourGe¥ G•in8 l￿d B•l*n￿ •t Ro•ourc
1 Ja￿ary 1023 •xpwxl•d
lo•￿1 Jan￿lry 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 Ger￿rnI 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 F￿￿81 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 inveslrr*nt properties
Falf value gains aThJ losse8 on lnvesirr￿ts
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 ￿.