2026-01-31-accounts - Down Masonic Widows' Fund

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REGISTERED CHARITY NUMBER: 100079

;

Report of the Trustees and Financial Statements for the Year Ended 31 January 2026

for Down Masonic Widows' Fund

R Savage & Company Accountants & Taxation Consultants Old Bank House 2 Crossgar Road Saintfield Ballynahinch Co. Down BT24 7BD

Down Masonic Widows' Fund

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||||||||| |---|---|---|---|---|---|---|---| |Contents|of the|Financial|Statements| |for the|Year|Ended|31|January|2026| |Page| |Report|of the|Trustees|l| |Independent|Examiner's|Report|2| |Statement|of|Financial|Activities|3| |Balance|Sheet|4| |Notes|to|the|Financial|Statements|5|to|9| |Detailed|Statement|of Financial|Activities|10|

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Down Masonic Widows’ Fund

Report of the Trustees for the Year Ended 31 January 2026

The trustees present their report with the financial statements of the charity for the year ended 31 January 2026. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ofIreland (FRS 102) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 100079

Principal address Beagh Lodge ! The Grange Lisburn Co. Antrim BT28 3XX

Trustees

R.W. Bro. D. Smyth (Died 26" Dec 2025)

R.W. Bro. W.G.I. Ritchie R.W. Bro. N.W. Sufferin R.W. Bro. E.J. Williamson R.W. Bro. D.R. Woodrow R.W. Bro. I.A. Kirkpatrick R.W. Bro S. Snodden W. Bro. G. Anketell

Independent Examiner

R Savage & Company Accountants & Taxation Consultants Old Bank House 2 Crossgar Road Saintfield Ballynahinch Co. Down BT24 7BD

Approved by order of the board of trustees on Tad Fences and signed on its behalf by: R.W. Bro. W.G.1. fat - Trustee

Page |

Independent Examiner's Report to the Trustees of Down Masonic Widows' Fund

{ report on the accounts of the charity for the year ended 31 January 2026, which are set out on pages three to nine.

Respective responsibilities of charity trustees and examiner

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act (Northern Ireland) 2008.

It is my responsiblity to:

examine the accounts under Section 65 of the Charities Act
follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act
state whether particular matters have come to my attention.

Basis of the independent examiner's report

| have examined your charity accounts as required under Section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern treland under Section 65(9b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as charity trustees concerning any such matters.

My role is to state whether any material matters have come to my attention giving me cause to believe:

I. That accounting records were not kept in accordance with Section 63 of the Charities Act 2. That the accounts do not accord with those accounting records
That the accounts do not comply with the accounting requirements ofthe Charities Act 4. That there is further information needed for a proper understanding of the accounts to be reached.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because | am a member of the Institute of Financial Accountants which is one of the listed bodies.

1 have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.

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Kearnet
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R Savage & Co Ltd

Institute of Financial Accountants

R Savage & Company

Accountants & Taxation Consultants

Old Bank House

2 Crossgar Road Saintfield Ballynahinch Co. Down BT24 7BD

Date: 16" February 2026

Page 2

Down Masonic Widows' Fund

Statement of Financial Activities

for the Year Ended 31 January 2026

				31.1.26	31.14.25
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funds
	Notes	£	£	£	£
INCOME AND ENDOWMENTS FROM
Donations and legacies		104,717	-	104.717	97,559
Investment income	2	166,812	-	166.812	175,675
Total		271.529	-	271,529	273,234
EXPENDITURE ON
Raising funds	3	27.956	-	27.956	31.651
Charitable activities
Annuitants		142.466	-	142.466	135,101
General		5.487	-	5.487	6,228
Total		175.909	-	175,909	172.980
Netgains on investments		67,358	-	67,358	58.136
NET INCOME		162,978	-	162,978	158.390
RECONCILIATION OF FUNDS
Total funds brought forward		2.339.638	-	2,339,638	2,181,248
TOTALFUNDSCARRIEDFORWARD		2.502.616	-	2.502.616	2,339,638

The notes form part ofthese financial statements

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Down Masonic Widows' Fund

Balance Sheet 31 January 2026

				31.1.26	31.1.25
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funds
	Notes	£	£	£	£
FIXED ASSETS
Tangible assets	6	1.596.793	-	1,596,793	1.596,793
Investments	7	839.921	-	839,921	672,563
		2.436.714	-	2.436.714	2.269.356
CURRENT ASSETS
Debtors	8	24.560	-	24,560	28,204
Cash atbank		59.560	-	59,560	49,282
		84,120	-	84,120	77.486
CREDITORS
Amounts falling due within oneyear	9	(8,218)	-	(8,218)	(7,204)
NETCURRENT ASSETS		75,902	-	75,902	70,282
TOTAL ASSETS LESS CURRENT
LIABILITIES		2.512.616	-	2.512.616	2.339.638
PROVISIONS FOR LIABILTIES		(10.000)		(10,000)	-
NET ASSETS		2,502,616	-	2,502,616	2,339,638
FUNDS	10
Unrestricted funds				2.502.616	2.339.638
TOTALFUNDS				2.502.616	2,339,638

The financial statements were approved by the Board of Trustees and authorised for issue on dsteattasseseseeeseessereeeeeese aid Were signed on its behalf by: RW. Bro. ¢ foc - Trustee \ — R.W. Bro. D.R.BhdWoodrow - Trustee [2/26

The notes form part of these financial statements

Page 4

Down Masonic Widows' Fund

Notes to the Financial Statements for the Year Ended 31 January 2026

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective | January 2019), Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities Act (Northern [reland) 2008. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. as modified by the revaluation of[certain][assets.]

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds. it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

INVESTMENT INCOME

INVESTMENT INCOME
	31.1.26	31.1.25
	£	£
Rents received	165.916	174,521
Deposit account interest	896	1,154
	166,812	175,675

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Down Masonic Widows' Fund

Notes to the Financial Statements - continued for the Year Ended 31 January 2026

RAISING FUNDS

Investment management costs

Portfolio management

31.1.26	31.1.25
£	£
27,956	31,651

TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 January 2026 nor for the year ended 3] January 2025.

Trustees’ expenses

There were no trustees’ expenses paid for the year ended 31 January 2026 nor for the year ended 31 January 2025.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

	Unrestricted	Restricted	Total
	fund	fund	funds
	£	£	£
INCOME AND ENDOWMENTS FROM
Donations and legacies	97.559	-	97,559
Investment income	175.675	-	175,675
Total	273,234	-	273,234
EXPENDITURE ON
Raising funds	31.651	-	31.651
Charitable activities
Annuitants General	135,101 6,228	- -	135,101 6,228
Total	172,980	-	172,980
Net gains on investments	58.136	-	58,136
NET INCOME	158,390	-	158,390
RECONCILIATION OF FUNDS
Total funds brought forward	2.181.248	-	2.181.248
TOTALFUNDSCARRIEDFORWARD	2,339,638	-	2,339,638

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Down Masonic Widows' Fund

Notes to the Financial Statements - continued for the Year Ended 31 January 2026

6. TANGIBLE FIXED ASSETS

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|||||||||| |---|---|---|---|---|---|---|---|---| |Freehold| |property| |£| |COST| |At|||February|2025|and|31|January|2026|1,596,793| |NET|BOOK|VALUE| |At|31|January|2026|1,596.793| |At|31|January|2025|1,596,793|

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FIXED ASSET INVESTMENTS

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |Listed| |investments| |£| |MARKET|VALUE| |At|||February|2025|672,563| |Additions|100,000| |Revaluations|67.358| |At|31|January|2026|839,921| |NET|BOOK|VALUE| |At|31|January|2026|839,921| |At|3}|January|2025|672,563| |There|were|no|investment|assets|outside|the|UK.| |Cost|or|valuation|at|3}|January|2026|is|represented|by:|

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Listed investments £ 839.921

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Down Masonic Widows' Fund

Notes to the Financial Statements - continued for the Year Ended 31 January 2026

8.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
					31.1.26	31.1.25
					£	£
	Trade debtors				24,560	28,204
9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
					31.1.26	31.41.25
					£	£
	Taxation and social security				7,018	6.704
	Other creditors				1.200	500
10.	MOVEMENT IN FUNDS
					Net
					movement	At
			At	1.2.25	in funds	31.1.26
				£	£	£
	Unrestricted funds
	General fund		2.339.638		162.978	2.502.616
	TOTAL FUNDS		2.339.638		162.978	2.502.616
	Net movement in funds, included in the above are as follows:
		[ncoming	Resources		Gains and	Movement
		resources	expended		losses	in funds
		£		£	£	£
	Unrestricted funds
	General fund	271,529	(175,909)		67,358	162.978
	TOTAL FUNDS	271.529	(175,909)		67,358	162.978
	Comparatives formovement in funds
					Net
					movement	At
			At	1.2.24	in funds	31.1.25
				£	£	£
	Unrestricted funds
	General fund		2.181.248		158,390	2,339.638
	TOTALFUNDS		2,181,248		158,390	2,339,638

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MOVEMENT IN FUNDS- continued

Down Masonic Widows’ Fund

Notes to the Financial Statements - continued for the Year Ended 31 January 2026

Comparative net movement in funds, included in the above are as follows:

	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
	£	£	£	£
Unrestricted funds
General fund	273,234	(172,980)	58.136	158,390
TOTALFUNDS	273,234	(172,980)	58.136	158,390

A current year 12 months and prior year 12 months combined position is as follows:

		Net
		movement	At
	At 1.2.24	in funds	31.1.26
	£	£	£
Unrestricted funds
General fund	2.181.248	321.368	2.502.616
TOTALFUNDS	2.181.248	321,368	2,502.616

A current year 12 months and prior year 12 months combined net movement in funds. included in the above are as follows:

	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
	£	£	£	£
Unrestricted funds
General fund	$44,763	(348,889)	125.494	321.368
TOTALFUNDS	544.763	(348,889)	125.494	321.368

RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 January 2026.

Page 9

Down Masonic Widows’ Fund

Detailed Statement ofFinancial Activities
for theYear Ended 31 January 2026
	31.1.26	31.21.25
	£	£
INCOME AND ENDOWMENTS
Donations and legacies
Donations	103.618	79,159
Gift aid	939	18,320
Exceptional items	160	80
	104.717	97.559
Investment income
Rents received	165.916	174,521
Deposit account interest	896	1,154
	166.812	175.675
Total incoming resources	271.529	273.234
EXPENDITURE
Investment management costs
Portfolio management	27,956	31.651
Charitable activities
Grants to individuals	142,466	135,101
Support costs
Management
Insurance	636	612
Finance
Bank charges	166	123
Governance costs
Sundries	3,335	4,293
Accountancy and legal fees	1,350	1,200
	4.685	5.493
Total resources expended	175,909	172.980
Net income before gains and losses	95,620	100.254
Realised recognised gains and losses
Realised gains/(losses) on fixed asset investments	67.358	58.136
Netincome	162.978	158.390

This page does not form part of the statutory financial statements

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