REGISTERED CHARITY NUMBER: NIC AINAn9 rtofth tate rEn 2Ab2A nl Wldows, F R Suvage & Cvmpany Certified Publil Accouniani Old Bank Hou%e 2 Cro%%¥iW Road s￿IntrIe1d Ballynahinch Ci). Duwi) BT24 7BD nlc Widow5, Fu Conten h Financial S for the Year Ended JI Janu nts 2024 Page RepoTI of the Trnstees Independenl Examiner's Report Sthlement of Flnancigl Actlyltles Balance Sheel Note5 to the Flnqnci81 Statements Detalled SL4t¢meni of Floanclal Aclivilles nlc Widow5, Fund rt of the Trustees for the Year Ended 31 Jonua 2024 The tru%tee% preseni Iheir report with the financial slatemenis of the Lharily for ihe year ended 31 January _w?4. The Iru%lee% have adopted Ihe piovi%ioni of AcLounling dnd Reporting by Chariiies.. Siarernenl o( Reeommended Praciice iipp1iLable to charities preparing their accoun1% in accordance wilh ihe FinJncial Reporting Siandaid applirabl¢ in ihe UK and Republic ol Irelund IFRS I(l?I lelTective l January 2019). STRIl￿URE. GOVERNANCE AND MANAGEMENT Governing document The chariiy is Lonirolled by its governing document. J (leed ol. Iru%l and con%lilule% 4n unincorporated chdrily. REFERENCE AND ADMINl&iTRATIVE DETAILS Re%tstered Charlty number NIC I(K1079 Prlndpal address Bedgh Lodg¢ l The Grunge Lisburn Co. Anirim BT28 .IXX Trn$lees R.W. Bro. D Smyih R.W. Bro. W.G.l Ritchie R.W. Bro. N,W. Sufferin R.W. Bro. E.J. Williamson R.W. Bro. D. R. Wondruw R.W. Bro. l.A. Kirkpalrick R,W. Bro. S. Snodden W. Br(>. G. Ank¢iell lapw)inied ?7 ? ?.11 Independent Exgmlner R Savage and Co Lid R .Sava8e & Conipany Certified Public ALcountani% Old Bank Hou%e ? Cro%sgar R￿d Sliinifield Ballynahinch C(). Down BT?4 7BD Approved by order ol. Ihe iK)ard of Iru4iees nn .... nd .%igned on ils behalf by.. R.W. Bro. W.G.l R. ie Pdge I Inde ndent Examln r's Re rt ID the Trustees of Down Masonie Widows, Fund Independent examiner'5 report to the trustees of Down Masonie Wfidows. Fund I report to the charii}' irnsiees on my ex4minatii)n Df the accounis of Down Ma%onic Widows, FuNd (the Tru￿) lor ihe year ended 31 Jilllul￿ 2()•4. ResponslbllStie5 and basis of report A% Ihe charily trn%iees of (he Tru41 you are resrrf)nsible for Ihe preparution of Ihe ilCLount% in uccordancc wilh thc requirement% of rhe Charities Act ?() I l ('the Act'l. I re￿rt in re%pecl of rny exjminalion of the TTh%l % accoun1% carried out under Section 145 of Ihe Aci dnd in Currying oui my examinaiion I have t'ollowed all applicable Direcli()n% given by Ihe Charily commi.ssion under Section 14515)(bl of the Aci. Independenl examiner's st&tement .Since your churily'4 groN% income exceeded £2.5(i.IKK) your examiner niu%i be a member of (I li%ted b(Kly. I cun confirn) that l am qualilied iu underl&ke the exarninalion be¢'IlU￿ l am memirr of the in%litute ul Financial Accounlanl%. which is one of the lisied bodies. I have compleied my examination. I conlimi ihat no maleriul matlepi have come tn my atlention in connection wilh Ihe exllminulion &>iving me cau* in believe ih&li in any rnalerial resp￿1. dccouniing records were noi kept in res￿[ ol. Ihe Tft]Sl .15 required by Section l.lQ <)i- Ihe ALI.. or the aLLOUlli% do not aCL￿rd wilh Iho%e re¢urd%', ur the aLcounls do noi comply with Ihe applicable requireiMent.4 Lonierning Ihe form 11nd conieni r)t ULLount% Nel (iui in ihe ChJriiie.s IALLount% and Report%) Reguluii()ns ?IKIII other Ihan any reqLbiremenl that the accounls give i true and fair view which 1% not u mailer Lon%idered purt of un independent exiiininution. I huvc no COnLern4 lind have come £i¢ro.4% no oiher maller% in Lonneciion wilh the examinJlii)n i() which aiienlion %hould be drawn in this reporl in order 10 enable a proper understanding of th¢ ac¢uunl% lo be reached. A.F.A. M.l.P.A. R S(Ivage and Co Lid R Savage & Company Certifil￿ PubliL ALLouniiini Old Bank Hou%e 2 Crossgar R()ud Sainifield Ballyn(IhinLh C(). Down BT24 7BD Dale.. ..2O' Feb 24......... nic Widows. Fund Statement of Financial Activities for the Year Ended 31 Januar 2024 Unre%lriLted fui)d Re%iricied l-und Total fund% INCOME AND ENDOWMENTS FROM Donulion4 and legacie 96.65? 96.6.52 Inve%tment income 187.874 187.874 18?.(AM) TotAA ?84.526 ?84.526 ?5? ?39 EXPENDITURE ON Raising I'und% 11..551 11.5.$1 ?5.1152 Charltable adlvlties Annuiiwili Gencrdl 14.5.1171 5.550 145.071 5.55fi 4.1(M Total 162.17? 16? 17? 157.546 Nei ¥inin%l(10s%e%) on inveiimeni 26.331 (5.881) NET INCOME 148.685 148.685 11.812 RECONCILIATION OF FUNDS Tntul fund% broughl forwii rd ?.03? 56.3 ?.03? 16.3 1.943.751 TOTAL FUNDS CARRIED FORWARD 2.181 ?48 ? 1111,2411 ?.01?.563 The note4 form part ol. these financial statements Pa£c 3 Masonic Widows, Fun Balance Sheet 31 Jan 2024 31.1.23 Unrestricied fund ResiriLted fund Tolal Toi&il FIXED ASSETS Tiingible ussel Ii)ve%iment 1.596.79.1 514.4?7 1.596.793 514.4?7 1.596.7g)I ?88.[￿ 2.111 ?? 2.111 ?20 l.R84,889 CURRENT ASSETS Debtors Cash ai bllnk .37.193 1.760 44.7(A) 1?? 153 81.9.S. 176.5411 CREDITOR5) Amount% lulling due wiihin une yeur 19.9251 19.9?5) 110.866) NET CURRENT ASSET￿* 7?.028 72.0?8 165.674 TOTAL ASSETS LESS CURRENT LIABILITI ? 1113,•411 ? 183.2411 2.0.511.563 PROVISIONS FOR LIABILITIES 10 (?.o(xi) 12.(KM)I 118.(MK)I NET ASSETS 2.181,248 2.181.248 ?.032.563 FUNDS UnresiriLled fun(15 2.181.248 ?,03? 563 TOTAL FUN￿) ? 181,248 2,0.?? 561 The financi latemenls were approved hy rhe Board of Tru%iee% and auihorised lor i%sue on und were signed on il% behall. by: R.W. Bro. W.G.I RiiL ie - Tru%lee . Bru. D.R. W 2w The note% fom) part ol. these fjnanrial ilalemcnl Page 4 tknwn ows, Fund Notes to the Financial Stalement$ ror the Y￿r Ended 31 Janua 2024 ALCOUNTING POLICIES Basi5 of preparlng the nnanclal statements The tinJnLial %latemeni4 ot ihe chariry. which is a public Ixnefil eniiiy under FRS I n2. h(Ive beeu preFMred in acLnrdance with the Chariiie% SORP IFRS 10?) 'Accounling and Reporting by Churities: Stsiemenl of Recommended PruLIiLe iipplicable lo Lharitie% prepurinb their ¢iccounl% in acLordthnLe with ihe Financial Reporting SiilDdiyd applicable in the UK RepubliL of Ireland IFRS 102> (errective l January 1019>,. Financial Reponin¥ Stdnddrd 10? The Financial Reporting Standard appliLable in the UK and RLpublic of Ireland, and the Charities ALI 2011. The financithl %taiemenl% have been prepiired under ihe hi%torical cost LonN'enliDn. wilh the exLepiion of inve%lment% which are included ai market vulue. mtxlified by ihe revaluation of cenain &s%el%. Income All income is Tecogni%ed in Ihe Staiemenl ot Fin¢inciJl ALlivilie% once the chariiy hA.% eniiilemeni io Ihe fund%. li 1% probable ihilt ihe inLon)e will be reLeived and the amuunl Lun be meJ%ured relidbly. Expenditure Liiibililie% are reLogni.%ed expenditure us Noon there 1% il legal or con%tru¢iive obliguiion Lommitiing the charity to ihai expendiiure. il 1% probable that a rran£fer ot econnmic benelils will be requirLxI in seltlemenl and Ihe amouni of Ihe obligulic>n LÉin be meii%ured reli4Jbly. EX￿ndI1Ure 1% i)cLounted for un dn ￿LrUn14 ba%1.% dnd hu been classified under hLadinb)A that aggrcgale all cosi related io ihe caiegory. Where cosis Lannot b¢ directly iiributed ￿ Piinicul4ir heJding% Ihey have been all()cal¢d io uclivitie% on con%isienl with Ihe of resourLe4. Grunt% offered subjeLI to condition% whiLh hllve not been met ul the yeur end duie dre noled as a commiimeni bui not acLrued as expei)diiure. TanRible Ilxed a&sets DeprL'ciaiion is provided ul the followin8 annual rate.s in order 10 wriie nff each assei over ii.s e4tirnated useful Taxatlon Thc Lhariiy is exenipi from lax on ils charitable uclivilies. Fund accounting Unre%iricted fund% can be uled in accnrdance with the Lhariiable objeclivc.4 at the di%crelion of the Iru¥ltt%. Rcslricted fund% can only be u%ed for pdnicular reslricied pury)oNe% within Ihe objeLl% of the ¢harily. Re.%lriclinn% dri* when ipeiil-i¢d by lh¢ donor or when fundi are ratsed for partiLular reslricied purpoles. Further explanation of the nature lind purpo%e of euch fund 14 inLluded in Ihe noiel 10 ihe fjndncidl %iaiemeni%. INVESTMENT INCOME 31.1.23 Ren14 re¢eived Deposii acLounl inlcrest ExLeplion(Il item 186.310 1._SfA 169.965 513 12.122 1117,874 182.6(K) Page 5 wn nic Widows, Fu Nole5 to Ihe Finunrial Slatements - continued for the Year Ended 31 Janua 2024 RAISING FUNDS Investmenl management Costs Portfolio manrflgTemeni Adju%imenl lo Provision for Expendilure Adju%imenl to B4id Debt Provi%ion 27.5.51 (16.(XX)) ?1.156 11.5.$1 TRUSTEES, REMUNERA TION AND BENEFITS There were no Iru4lee.%' reinunerJtion or oiher benefi1% for Ihe yeur cndcd 31 January ?024 nor for Ihc year cnilcd .1 l January 2n23. Trn5tees' expe￿ Thcre were no .1 l January 202.3. irn%lee%' exp￿nIeS paid lor the yeur endcd .31 J41llUiwy2024 nor for th¢ yeur ¢nded COMPARATIVES FOR THE STATEMENT OF FINANCIAL A￿￿rnEs UnresiriLled fund Re%iricied l-und Tnial JNCOME AND F.NDOWMENTh FROM Donalion.% Iv&ilLie 69.639 69.fi39 Inve%imeni incnme 1119.16fi 6.566) 182.(KK) Totsl ?.58.80fj 252,21 EXPENDITURE ON R4ii%ing fund 25.05? L'harllable actlvllks Annuilani.% General 128.39() 4,104 1 ?8.-3 4.104 Total 157.546 1.57.546 Nei guin51110sse¥l on inve%imeni (5.8811 15.8811 NET INCOMEIIEXPENDITURE 9.S,378 16.5661 88,81 RECONCILIATION OF FUNDS Total fund.% brought forward .917.185 1.94l.7_51 TOTAL FUY4DS CARRIED FORWARD ?.032.56. ? O3?.-f63 Down Masonlc Widows. Fund Notes to the Flnancial 5tRtements - contlnued for the Year Ended 31 anuar 2024 TANGIBLE FIXED ASSETS Freehold COST Ai l Febru&lry 21123 und .1 l J￿nu￿ry 2024 1..596.79.1 NET BOOK VALUE Ai 31 January !024 1.596.793 Ai I l January 2Q2_1 1.596.793 FIXED ASSET INVESTMENTS invc4tment% MARKET VALUE Ai l February ?023 Addili¢Jn.% 288.IY)6 2?6.311 Ai 31 Januury ?lJ?4 514.427 NET BOOK VALUE Ai .? l Januwy ?0?4 514.4?7 Ai 31 Junuary ?1123 188.{)96 Thcre were no inve%imeni a%iei.% oui4ide the UK. Co%1 ()r valuulion ut 31 Junuury ?L)24 is repre*nted by.. inve%imeni Valuaiion in I 514.4?7 Down Ma50nk Wldows, Fund Notes to the Finaniial Stat¢ments - conlinued for the Year Ended 31 Janu 2024 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtoTh 37.193 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.1.24 31.1.2.1 Trdde Lredilor Ixation and %ocial .￿uritY Oiher crediloT4 9.9?5 1.861 10.866 io. PROVISIONS FOR LIABILITIES Prr)vi%ion IS.(KK) ii. MOVEMENT IN FUNDS Nel movement in fund% At 31.1.24 Ai 1.2.23 Unrestrleted fund6 Generul fund ?.1)32.561 148.68.5 ? 181 ?48 TOTAL FUNDS ?.O3? 563 148.685 2.181 ?4X Nci movemeni in fund%. inLluded in ihe &ibove Jrc follows: InLoming re4ources Resuurce ex￿nded Gains und Muvemeni in fund Unrestricled funds General fund 284.f26 116? 1721 26,.331 148.685 TOTAL FUNDS ?144.526 116? 172) 148.685 Pdge 8 Down MAsonk W" ows, Fund Notes ¢0 the Financlal Statements - eontinued for the Year Ended 31 Janua 2024 ii. MOVEMENT IN FUNDS - conlinued com￿ratiVeS for movement In funds Nei movement in fund% At At 1,2 *2 Unrc51rfrted fund8 Generiil fund 1.937,185 ?.03? J6.1 Restrleted funds Dcposil 6.506 16,5661 TOTAL FUNDS 1.94.3.751 88,81? ?.0.1? .563 CompÉirJtive nei movement in lund4. inLluJed in the sibove follow%: InLomin re%L)urie4 Re%ource.% expcnded Guin%