REGISTERED CHARITY NUMBER: NIC 101)079 f the Trus¢tt$ and Flnanelal StAtements forthe Year Ended 31 2025 Down Masonie Widows, Fun R Savage & Company ALcounlanis & Tayalion Lonsultanls Old Bank House 2 Crossgar Road SainifiL'ld Ball)nahinch Co. Duwn EIT24 7BD
Down Masonic Widows, Fund Con¢ents of the Finaneill Statements for the YeAr Ended 31 Janua 2025 Page Report of the Trustees Independtnt Examiner's Report Stattment of FIDanclal A¢ilvlties Balance Sheet Notes to ihe Flnanclal Statements Detailed S¢atement of Fininf ial Actlvllle$ 10
Down Ma50nic Widows, Fund ort of the Tru5tee5 for the Year Ended JI Januar 202 The Iru5es presenl iheir repK)rt .1¢h th¢ financial statements ol. the charil) for the year endLxl 31 January. 2025. The trustees hai'e adopied (he proi'isions ol- Accounting and Reporting bj. Charilies: SiatcmLnl ot Recomm¢nd¢d Praciice applicable ttp L'harilies preparing their aLcounts in aicordance M iih the Financial Reporting Siandard applicablc in thL UK and Republic OÈ Ireland IFRS 1021 Ici7ccti%'e l Januarv 20191. STRUCTiJRE, GOVERNANCE AND MANAGEMENT Governlng documeTht ThL charit) is conirolled b}" lis 8oemin8 documeni. a deed ol irusl and constiiute.8 an unincorFM)rated charity. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charlty number NIC 100079 Prlnclpal addre55 Beagh Lodge l ThL' Grungc Lisburn Co. Anirim BT28 3XX Tru51ee$ R.W. Bro. D. Sm)Ih R.W. Bro. W.(i.l. RiL.hie R.W. Bro. N.W. Sufferin R. W. Bro. E.J. Williamson R.W. Bro, D,R, Wo(NJro R.W. Bro. l.A. Kirkpatri¢k R.W. Brv S. Sni)dden W. Bro. G. Anketell Independent Examiner R Saiase & Compan). ALLuunlanls & Tdxalion Consulian15 Old Bank I louse 2 Cro$sgar Road Sainifield Ballynahinch Co. Don BT24 7BD Approved b). order ol.the trard of iNslees on 24 Februar) 2025 and signed on ils behall. bv: R.W. Bro. W,ti.l. Ritchi¢- Truste¢ Pg8e I
Inde endent ExAminerf$ Re rt to tht Tru$tees of Down Masonic Widows, Fund I rert on the &'Lounis ot-the chariti for Ihe ¥ear ended 31 January 2025. which arc sct out on pages Ihrtt to nine. Respertlve responslbllliies of charity trustees and examiner As Ihe chari1> s Iru5tees )'ou are reSFK)nsibl¢ lor Lhe preparation of the accounts in accordanLY 1th the requiremenl5 01. the Charities Acl (Northern Ireland) 2008. It is mv re5Frt)nsiblit) lo: examine the accounts under Section 65 Ol'the Chariiies Acl lollow the prOdureS laid in the 8¢n¢rdl Directions given b) the Charily Commission tor Northem Ireland under Seclicin 651911bl ol'the Charities Act slate whether particular matters ha¥e come to m), attention. Baslg of the Independent examlner's report I have examined your charit). accounts as rcquired undcr Scction 6) ol" (he Chariiies Act and examination was Caled oul in accordance with the general Directions giNen b! ihc ChILrit Commission lur Nonhern Ireland under Section 6519Mbl ol the L"harilies Act. The examinalion included a revieH' ol. the a¢¢ouniing rewrds kepi bj the ¢harity and a ¢ompariFA)n ol ihe accounts presented H"ith those record5. li also included consideraiion ol. any unusual ilems or di$¢lvsu$ in Ihe accounts. anJ seekin8 explanaiions from as ¢harii>' trustees conceming an) such matlers. My role is to slatc M'hcthcr any matcrial mattcr5 have cvmc to my aitention giving me cause to beli¢v¢'. Tho1 acLouniing records i¥ere noi kept in accordance with Section 63 Ol-the Churilies Act 'l-hai IhL' accounts do not accord M'iih Ihose accounting records Thai (he aLcounis do noi Compl) w iih ¢h¢ a¢¢ounling requirernenls ofthe Charities Aci That there is I'urther inlomialion needed lor a proper understanding ol'thL' aL'counis ts) be reached. Independent exY4mlner'$ $¢atement SinLe i'our chariii s gross iliLomL L¥LLeded £25U.Ot)U }'i)ur ¢xamin¢r musL b¢ a m¢mber ol. a lisied bodi,. l Lan c()nlirni Ihal l am qualilied io undertak'e the examination because l am a member ol. the Inslitulv vt Financial Accounianis M'hich is one ol-the lisied iN)dies. I have completed my e.xamination and hab'e nv L'L)nLerns in respect ol. the matters I l) 10 141 liAed atove and. in connection with lolloM'in8 the Directions ol. the Charity Commission lor Northem Ireland. I have found no matlers Ih require drawin8 to your attenlion. R Saage & Co Lid Insliluie ol. Finan¢ial Accountants R So¥ag¢ & Compan Accountants & T&iation Consultants Old Bank Huuse 2 Crossgar Road Sainifield Ballynahineh Co. Down BT24 7BD 24 Febru 202) Page 2
Down Masoni¢ Widow5, Fund Si¥temen¢ of Financial Activities ror the Year Ended 31 Janua 2025 31.1.25 -rv(al tunds 31.1.24 'I'otal lJnre5tricted Restricted tund Noles INCOME AND ENDOWMENTS FROM ik)nations and Icgacics 97.559 97.559 96.652 Inestmeni income 175.675 175.675 187.874 Tot1 273234 273.234 284.526 EXPENDITURE ON Raisin8 lunds 31.651 31.651 11.551 ChgJrlt*ble ac¢lvl¢les Annull&15 Genernl 135.101 6228 135.101 6.228 145.071 5.550 To¢AI 172.980 172.980 162.17? Nel ¥ains on investments 58.136 58.136 26.331 NET IIYCOME 158.390 158,390 148.685 RECONCILIATION OF FUNDS Total funds brou8ht lom8rd 2.181.248 2.181,248 2.032.563 TOTAL FUNDS CARRIED FORWARD 2.339.638 2.3.19.638 2.181.248 I"hc note5 fo part ot thes¢ linanrial 5takm¢n15 Page 3
Down Masonie Wldows, Fynd Blance Sheet 31 Janua 2025 I'nrL'%lriil¢d RLsifiLILJ I'1)iJl N'()le5 FIXED ASSETS rang)iblL &%.%CI Ini estmenLs l. j(16.793 67?. j6 J .596.793 67?. j6j 1.5()6.7L)3 j14.477 ? ?69..l j6 ? ?69.356 C.URRE.NT ASSETS t)l.b}r C'ash at bank 8.?04 4L).?X? ?11.2114 414.211? i7.193 44.760 77.J86 77.486 CREDITORS Am()uni% lalling due li iihin lin¢ i ¢ar 17.?1141 17 ?1141 19.9? j NET CI.'RRENT ASSETS 711.?14? 7U.?11? 7? 11?g TOTAL ASSETS LESS CI,'RRENT LIAIJII.I'I-IES ? 339.638 ?.339.6311 * 18.1.?4 PROVISIONS FOR LIABILITIES NET ASSETS ?.3 jg.6311 7.339.638 FL:NDS Llnr¥siriLled lunds ? 339.638 ? 1111 ?411 TOTAL FUNDS ? 339.638 ? 1111 ?4¥ l-hl linanLial slJt¢ment.4 Ile apprL)i L'd bi Ihe 141)ard nl. Truslees Jnd authL)rised li)r issue on ?4 F'L'bruJrn ?11?5 dnd i'erL 518neJ on ils bLhall- b): R.IA'. Brii. W.G.l. Tru51ee R.W. Bro. D.R. W(M)drow - I rustee The notes t.omi part ot-these linancial statemcnt5 Page 4
Down Masonic Widows, Fund Statement of Financial Activitl¢5 for the Year Endtd 31 Januar 202S 31.1.25 Total tunds 31.1.24 'rotal Unreslricled t-und Restricled fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 97.5)9 97.559 96.652 Invesiment inLome 175.675 175.675 187.874 Tot1 273.234 273.234 284.526 EXPENDITURE ON Raising lunds 31.651 31.651 11.551 Chrit*ble activities Annuitants General 135.101 6.228 135.101 6.228 145.071 5.550 Totil 172.980 172.980 169 172 Net gains on investments 58.136 58.136 26.331 NET IIYCOME 158J90 158.390 148.685 RECONCILIATION OF FUNDS Total funds brought forward 2.181.248 2.181,248 2.032.563 TOTAL FUNDS CARRIED FORWARD 2.339.638 2.339.638 2.181.248 The notes froTh part ol. lh¢ tinancial 5ta¢¢mentS Page 3
Down Masonle Wldows, Fund Notes to the Flnanclal Statements r Ended 31 Janua 2025 ACCOUNTING POLICIES Basis of preparing the fiTraneial ststements The linancial slakments ol" the charit).. which is a public benetil entit%. under FRS 102. have been prepared in accorilunLc i1¢h the Charities SORP IFRS 1021 'A¢¢ouniing and Rewrting b). Charilies: Stsiemenl of ReLommended PraLtiLe applicable io Lhdrities preparing iheir acLounts in aLcordance M'ith ¢hc Financial Re)rting Standard applicable in the UK and Republic ol. Ireland IFRS 1021 ILnixli%'e l January 2UIg1'. Financial Reprting Standard 102 'The F'inancial Repx)rting $18ndard applicable in the UK and RLpubliL ol. Ir¢land' and ihe Charities Acl l Northem Ireland) 2008. 1.he tinancial 5tatemL'r>ts ha¢ been prepared under the hisi()rical cost conN'cnliun. M'ith thL c.xcLption ol" invesunents %4hich are inLluded at market ialue. Income All income is reco8ni5ed in the Statemeni of Finaneial ALtiviiits once ihe charii>' has entiilement to the fund5. it is probable ihai the ineome will be receiied and the amount can be rnea5ured reliabl>'. Expenditure Liabi lilies are rewgni5ed as e.xpenditure as soon a5 therc 15 & legal or consLruciive obligation cornmillin8 thc chariiy to Ihal expenditure. 1¢ is probable thal a Iransler ol. eLonomic benelils will requircd in 5¢ttluMeni and the amount ol.the obligdliun can be measured rel iabl>. Expendiiure is aiLounted tor on an accruals bdsis and has been classi11 under headings that aggregaie all cosi relad to the calegory. WhL'rc cosls cannol be dirKtI> atlributed to particular headin8S they have been allocated lo actiiities on a ba515 L'onsient wilh ihe u.se ol. resources. Granis ollered subjeci io ¢ondiiion8 which hal'c not been met at the >'eAr enL1 date are noied as a ¢ommilment bul noi accrued as expenditure. Tangible fixtd J$el$ Depreciation is pro.1ded ai Ihe lolloH'in8 annual rate5 in order to rIte olT each asset over ils eslirnated uselul Tx4¢lon ThL chariiy is ex¢mpi from l&x on ils Charitable aclivilies. Fund aceounting Unrestricted lunds can be used in acLordance with the charitable objective5 al the discretion ol. the Iruslees. Restricted 1.unds can onl). be used for particular reytriLXed puryK)se5 Within the objects of Ihc charli>". Restrictions arise when Speci fied b). Ihe donor or w'hen lunds are raised for particular restriLted pUr[S. Further explanalion of the nalure and purpose of each fund is included in the notes lo the financial stsiernents. INVESTMENT INCOME 31.1.25 31.1.24 Rent5 recei.ed Deposit account interest 174.521 1.154 186.310 1.564 175675 187.874 Page 5 continued...
Down Masonic Widows, Fund Noles to the Finan¢ial Ststement5 - continued for the Year Ended 31 Janua 2025 RAISING FUNDS Investment manggement Costs 31.1.25 31.124 Portfolio managemeni Adjustment Pro& ision for Exprndilure 33.651 27.551 31.651 11.550 TRL'STEES, REMUNERATION AI4D BENEFITS rhere were no Iru5tees' remuneration nr other benelils lor the tar ended 31 January. 2U25 nor for the year ended 31 Januar) 20?4. Trustees, expenses There M'erE no trusttts, expenses paid lor the ¥'edr ended 31 Januapj. 2025 nor for ihc )'ear ended 31 Januao 2024. COMPARATIVES FOR THE STATEMENT OF FINJ ANCIAL ACTIVITIES UnrL'5triLled Reslricl¢d Tolal INCOME AND ENDOWMENTS FROM Donalions and le8acies 96.652 96.652 In¢s¢ment income 187.874 187.874 Total 284.526 284.526 EXPENDITVRE ON Rai5in8 tund5 1.551 11,551 Charitable ae¢fvllle$ AnnuiiAnis General 145.071 5.550 145.1171 5.55n T1 162.172 162.172 Net gains on inwestrnen15 26.331 26.331 NET INCOME 148.685 1411.68) RECONCILIATION OF FUNDS To1 lunds brought for¥vard 2.032.563 2.032.563 TOTAL FUNDS CARRIED FORWARD 2.181.248 2.181.248 Page 6 continued...
Down Mgsonle Wldow$' Fund Note5 to th¢ Financial Slwt¢m¢nts - continu¢d rEnd 31 Janu 202S TANGIBLE FIXED ASSETS FrL'chold property COST Al l February ?024 and 31 January 2025 1.596.793 NET BOOK VALUE At 31 JanuaTr 2025 l.i96.793 Al 31 January ?024 1.596.793 FIXED ASSET INVESTMENTS Lis¢ed infv'esiments MARKETVALUE At l February ?Q?4 Addilions 514.427 158.136 Ai 31 January 2025 672.563 NET BOOK VALUE At 31 Jdnudr> ?U?5 672.563 At 31 January 2024 514.427 There w'ere no investment assets oulside the UK. Cost or valuailon at 31 January 2023 is rePreSend b).: l.isted investments Valu&tiurt in I 672.563 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.1.25 31.1.24 Trade debtors 28.204 37.193 Page 7 continued..
Down M4sonlt Widows, Fund Not¢5 to ¢h¢ FiDanclal Statements - contlnued forth Y nded 31 J 2025 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.1.25 31.1.24 Trade crcditor5 Taxation and socidl securit) Other creditors 6.704 500 9,9?5 7.204 9.925 io. PROVISIONS FOR LIABILITIES 31.1.25 31.1.24 Pro.1$10n$ 2.000 MOVEMENT IN FUNDS Nel movemeni in lunds Ai 31.1.25 Ai 1.2.24 Unreserlcted fund5 Jeneral fund 2.181.248 158.3 2.339.638 TOTAL FUNDS 2.181 ?48 158,390 2.339.638 Nel mowemeni in lunds. included in ihe above are &s lullui¥s: Incoming reurceS Resources expend¢d Gains and losses Mo¥ement in lunds Unr¢strict¢d funds Generdl fund 273.234 1172.rJ¥o) 58.136 158.390 TOTAL FUNDS 273.234 17?.9801 58.136 158.390 Comparativu for movement In Nel moi'emenl in funds Ai 31.1.24 At 1.2.23 Unrestrleted funds General fund 2.032.563 148.685 2.181,248 TOTAL FUNDS 2.032.563 148.685 2.181.248 PaBe 8 continucd...
Down Masonic Widows, Fund Notes to the Financial Siatements - eontinued for the Year Ended 31 Janua 2025 MOVEMENT IN FUNDS- continued Compardtii'e nel movemeni in lunds. included in the above are as follows.. Incoming re}Urce Resources e.xpended Gains and 105se5 Movement in lunds Unrcslricled fknllds General lund 284.526 1162.1721 26.331 148.685 TOTAL FUNDS 284.526 162.1721 26.331 148.685 A currenl J'ear 12 monihs and prior j'ear 12 month5 combined position is as follows. Nei movement in lund5 At 31.1.25 Al 1.2.23 Unrestrlrted (unds General fund 2.032.563 307.075 2.339.638 TOTAL FUNDS 2.032.563 -31)7.075 2.339.638 A current >ear 12 months and prior >'ear 12 m(Jnths combined nei moi emenl in funds. included in the above arL' as ffollow's: Incoming reUrceS Re5()urces expended (iains and 1055es Movement in funds Unre$trl¢ted funds (ieneral lund 557.760 1335.1521 84.467 307.075 TOTAL FUNDS 557.760 335.1521 84.467 307.075 12. RELATED PARTY DISCLOSURES There M'ere no relaied parly Irdnsaction5 for the >ear ended 31 JÉinuury 20?5. Page 9
Down M#sottie Widows, Fund Detailed Statement of Financlal Aetlvltles for th¢ rEn 2025 31.1.25 31.1.24 INCOME AND ENDOWMENTS Donations and legacies Donatiuns Gitt aid General 79.159 18.320 80 79.807 16.467 378 97.559 96.652 l•ve$tmefit ineome Ren15 receiTr¥ed Deposit account inieresi 174.521 186.310 1.564 175.675 187,874 Tot41 In¢omine res0ree5 273.234 284.526 EXPENDITURE Invextmtnl mangem¢n¢ ¢o$ts Portfolio managLment 31.651 11.551 CharStAble Aetlvlties Gran15 10 individuals 135.101 145.U71 Support Costs M¥JnaEement Insuranc¢ 612 535 FIDAnee Bank charges 123 155 Governance cost5 SundriLS Arwuntaney and legal lees 4,293 3.6( 1.2 4,1160 Total resource5 eNpended 172.980 162.172 Nt¢ ineomt before ylns and losses 100.254 122.354 Re115ed recoenised gwins and lossej Realised gain4(losses) on ti.led a55e¢ ineStments 58.136 26.331 income 158.390 148.685 This pa8¢ th)e5 not tvrn part ofthe $tUl0Th linancial stamen Page 10