BELFAST MASONIC CHARITY FUND
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2022
Charity registraiion number.. 101945

Belfast Masonic Charlty Fund
Flnanclal Statement8
Year Ended 31 December 2022
Contents
Page
Annual Report of the Trustees and General Committee
Independent Examiner's Report
Statemenl of FlTrancial Activities
Balance Sheel
Statement of Cash Flows
Notes to the Financial Statements

Page 1
Belfast Masonic Charity Fund
Annual Report of the Trustees and General Commlttee
Year Ended 31 Decomber 2022
The Trustees and General Committee have pleasure in presenting their report and unaudited financial
statements of the charity for the year ended 31 December 2022. The Trustees and General Committee have
adopted the provision5 of the Statement of Recommended Practice (SORP) °Accounting and Reporting by
Charilies" (FRS 102) in preparing the annual ￿port and financial stalements of th8 charity.
The financial statements have been prepared in accordance with the accounting polici8S Set out in notes lo
the financial statements and comply with the charity's govemlng document, Ihe Charities Act {Northern
Ireland) 2008, Charities Act (Morthern Ireland) 2013, the Charities (Accounts and Reports) Regulations
(Northern Ireland) 201 S, Accountlng and Reportlng by Charfties: Statement of Recommended Practice
applicable to charities preparlng thelr accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland Issued In October 2019, the Financial Reporting Standard
applicable in the UK and Republlc of Ireland (FRS 102) and UK Generally Accepted Accounting Practice.
Trustees of tho ¢harlty
The trustees who have served durlng th8 year werè as follows:
Bro M Cleland
Bro H Bottomley
Bro S Nicholson
Bro J Morrow
Charity rèf•r•n¢• and admlnlstratlvo dotalls
Charity registraiion number,. 102661
Registered office:
49 Main Street, Ballyclare, BT39 9AA
Independent examiner
GMCG, Chartered Accountants & Registered Auditor, Alfred House,
19 Alfred Street, Belfast, BT2 8EQ
Hewitt & Gilpin, 8 High Street, Holywood. BT18 9AZ
Danske Bank. PO Box 183, Donegall Square Wesl. Belfasi. BT16JS
Quilter Chevlot Limlted, Montgomery House, 29-33 Montgomery Street, Belfast,
BT14NX
Sollcllor:
Bankers,.
Investment managers;
Objectlves and actlvltlés
The objects of the Fund shall be deemed to afford assistance to needy, deser¥lng, destitute, or Indigent
Freemasons or their families or Ihe d8pendants of deceased Freemasons by grant5 of money or other such
means as Ihe General Commltlee may find best sulted to the needs of the applicants.
Public benefits
The provisions of benefits to achieving the purpose of Ihe Trust's objectives as follows:
To provide and afford in necessitOUS Gircumstances. financlal assistance by means of grants of
monies to eligible Freemason5 or their families (wives. civil partners, sons. daughters, grandchildren)
to include the dependanls (widow, civil p8rtner, molher. daughters. sons, grandchildren) of deceased
Freemasons for the relief of poverty and social exclusion"
What the Trust does:
The Trust affords assistance to needy Freemasons or thelr families or the dependants of deceased
Freemasons by grant of money or such other means as may be best suiled lo the needs of the
applicants.
Publlc benefit statement
The trustees of Belfasl Masonlc Charlty Fund confirm that they have had due regard for the guidance on
Publlc Benefit by the Charity Commission for Northern Ireland and a￿ pleased to report that during 2022 the
charty has continued to provide Public Benefits through financial and other means of assistance.

Page 2
Belfast Masonic Charity Fund
Annual Report of the Trustees and General Commlttee (contlnued)
Yoar Ended 31 Decembor 2022
Achlevement8 and performance
Total income for the year was £81,077 (2021: £22,359). Totsl expenditure for the year amounted to £60,929
(2021: £46,4g7).
Investments are held by Qullter Cheviol as discretionary nominees. There has been a loss of £30,738 (2021:
gain £33.656) on disposals and revaluation of investment assets. The net expenditu￿ for the year amounted
to £10,590 (2021: net income £9,518).
The Trustees and General Committee sincerely thank the donors for their past support and wlll report in due
course on any changes to the investment strategy or asset slructure as necessary, to continue their 'duty of
care. and to fulfil their obligations in respect of the underlylng assets.
The Trustees and General Committee consider that the charty is in a satisfactory position to carry on its
charitable acts'vities.
Flnanclal rev1￿ (Includlng ragervu pollcy)
Rosorves pollcy
It is the policy of the charity to maintain free reserves which matches Ihe needs of the furKI. both at the
current time an(1 in the foreseeable future. This provides sufficient funds to cover running cosls whlch include
management, administration and support costs. Free reserves are those unrestricted resepies not
designated nor invested in fixed assels which are available for general use.
As at 31 December 2022 the charity has total funds of £318,175 (2021: £328,765) which are all unrestricted
funds.
Fundlng
The principal funding is from subscriptions, donations and investments.
Plans for futurè periods
The Trustees and General Commlttee plan to continue to provlde financial assistance and support to
brethren or thelr families in need under the terms of Ihe rules of the Fund. The merger of the fund with
Belfast Masonic Wldows Fund remalns under review.
Structure• govarnanco and management
Governin
cumen
The fund which was established In 1862, Is governed by a constitution, and is registered as a charity with
The Charity Commission for Northem Ireland from 22￿1 Seplember 2015.
Recruitment a
ointment induction and tralnln
The present General Committee has been involved in the charity for a number of years and so are familiar
with its vrfork, The General Committee regularly review the requlrements of Ihe charlty and the possibility of a
need for additional trustees or members of the managemenl committee. Any new trustees or members of the
Management Committee would be elected by the General Committee. Appropriate training and induction Is
available to all Irustees and members of Ihe Mana9ement Committee.
anisational structure and related rties
There are 3 trustees and a Management Committee. Joint Management Committee meetings are held with
the Belfast Masonic Widows. Fund.

Page 3
Belfast Masonlc Charlty Fund
Annual Report of the Trustees and General Committee (continued)
Year Ended 31 December 2022
Structure, governance and management (contlnued)
Risk mana
ement
The Trustees and General Commlttee have assesse(I the major risks to which the charity is exposed, in
particular those related to the operations and finances of the charity, and are satisfied that systems are in
place to mitigate an exposure to major risks. Where appropriate, systems or proce(lu￿S have been
established to mitigale Ihe risks the charily faces. Internal control risks are minimised by the implementation
of procedures for authorisation of all transactions and projects. Procedures are In place to ensure
compliance with health and safety of officers, volunteers and applicants. These procedures are periodically
reviewed at least annually to ensure that they continue to meet the needs of the charity.
Tru8lees' and General Commltt••'8 résponslblllt108
The Trustees are responsible for preparing the Trustees, Annual Report and the financial statements in
accordance with applicable 18w and Uniled Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
The law applicable lo Charities in Northern Ireland requires the Trustees to prepare financial statements for
each financial year which glve a true and fair view of the state of affairs of the charity and of the incoming
resources and application of resources of the charity for that period. In preparing these financial statements,
the trustees are required to:
select suitable accounting policies and then apply them consislently:
obseNe the methods and principles in Ihe Charities SORP 2019 (FRS 102)
make judgements and estimates that are reasonable and prudent,.
state whether applicable accounting standards have been followed, subject lo any material
departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basls unless It Is Inapproprlale to presume
that the charty will continue in operation,
The Trustees and General Committee are ffjsponsible for keeping proper accounting records which disclose
with reasonable a￿uraCY al any tlme the financial position of Ihe charity and which enable them to ensure
that the financial statements comply with the Charities Act (Northern Ireland) 2008, the Charities (Accounts
and Reports) Regulations (Northern Ireland) 2015 and the provisions of the trust deed. They are also
responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the
prevention arKI detection of fraud and other irregularities.

Page 4
Belfast ljlasonlc Charlty Fund
Annual Report of the Truste08 and General Commltt•e (contlnued)
Year Endèd 310èc•mb6r 2022
Th8 Truslees and General Commtitee are responsble for the malnt¢nance and inlegrity of the charity and
financial inlormalion incI￿led on the charity's websile. Legi818lion In the United KiNddom govemlng the
preparatlon disseminalion of final￿bal statements may differ from ￿gIslatIon in oiher jurisdiclions.
On b8half ol th8 Trustees and G8neral Commlttee
Fl Botlomley
Trusteè
D8t•'.

Page 5
Belfast Masonlc Charty Fund
Independent Examiner's report to the Trustees of Belfast Masonoc Charlty Fund
Year End•d 31 December 2022
I report on the accounts of the Gharity for Ihe year ended 31 St December 2022 which are set out on pages 6
to 16.
Re8pectlve responslbilities of trustees and oxam5nor
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the
Charities Act (Northern Ireland) 2008.
It is my responsibilty to..
examlne the accounts under section 65 of the Charities Act;
follow the procedures laid dovffl in the general Directions given by the Charity Commission for
Northern Ireland under section 65{9Mb) of the Charities Act., and
slate whether particular matters have come to my attention.
Basls of Independent examlnerfs raport
I have examlned your charlty accounts as requlred under section 65 of the Charlties Act and my examlnation
was carrled out in accordance wlth the general Directions given by the Charlty Commission for Northern
Ireland under sectlon 65{9)(b) of the Charities Act.
My examinalion Included a review of the accounting records kept by the charity and a comparison of the
accounts presenled with those records. 11 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 matiers have come to my attention giving me cause to believe..
I, That accounting records were not kept In accordance wllh section 63 of the Charities Act
2. That the accounts do not accord with those accounting records
3, That the accounts do not comply with the accounling requirements of the Charities Act
4. That there is further information needed for a proper understandlng of the accounts to be reached,
Independent examlnerfs Statement
I have completed my examination and have no concerns In respect of the matlers {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 attenlion.
B.J. Friar {Inde
Chartered Accounta
nt Examlner)
Irelan
Alfred House
19 Alfred Street
Belfast
BT2 8EQ
For and on behalf of
GMCG
Chartered Accountants & Stalutory Auditors
Date: ILtTr oc<4/Jrf 341

Page 6
Belfast Masonlc Charlty Fund
Statement of Flnancial Actlvlties
Year ended 31 December 2022
Unrestrlcted
funds
2022
Total
2021
Total
Nota
Income from:
Donations and legacies
Investments
Other
73,875
7,202
73,875
7,202
16,524
5,835
Total Income
81,077
81,077
22,359
Expendlture on:
Investment management costs
Charitable activlties
Other
2,119
57,010
1,800
2,119
57,010
1,800
2,057
42,640
1.800
Total exp¢ndltur•
eo,929
60,929
46.497
Net Incomel{expendfturel befor•
galng1(1088o8) on invostments
20,148
20,148
(24,138)
Net gainsl{losses) on Invesiments
130,738)
130,738)
33.656
Not (axpondlture) Ilncom•
110,590)
110,590)
9,518
Net movement In fund8
14
{10,590)
(10,690)
9,518
Reconclllatlon of fund8:
Total funds brought forward
14
328,765
328,765
319,427
Total funds carrl•d forward
14
318,175
318,175
328,765
All income and expenditure derfve from contlnulng activities,

Pag? 7
Bellast Masonlc Charfty Fund
Balance Sheet
31 December 2022
2022
2021
Nole
Flx•d a•8et8
Investm6nts
11
283,704
301,822
263,704
301,822
Cun•nt a88•ts
Debtors
Cash at bank and In hand
500
71.721
500
36,663
72,221
37,163
Cr•dltord: amounts falllng du• wlthln one y•ar
13
117.750)
110,2201
Net curr•nl •s••t•
54,471
26,943
N•1 •8801•
318.176
328.766
Charlty Fund•
Unr8strlcted lunds
14
318.176
328,765
Total charfty lund•
318,176
328,768
The fina
on.
al 61
ments were approved and aulhor18ed for issu8 by the Trusteès and General Commit18•
. and ar• slgned on Ih•if b•h8lf by..
I:J O_L_
S Nlciiol
Tru81ee

Page 8
Belfast Masonlc Charlty Fund
Stat•m•nt of Cash Flows
Year Ended 31 December 2022
2022
2021
Note
Cash flow from operatlng actlvltlas
16
20,476
(23,896)
Not cash flow from operating activit1•$
20,476
(23,896)
Cash flow from Investlng actlvltles
Payments to acquire investm8nts
Proceeds from disposal of Investments
Interest received on deposits
Dividends and fixed interest received
(56,790)
64,170
127
7,075
(34.260)
36,059
79
5,756
Net Cash flow from Investlng actOvltlo9
14,S82
7,634
Net Increa801(decreasa) In cash and cash equlval•nt8
35,058
(16,262)
Cash and ¢a8h oqulvalonts at l January 2022
36,663
52,925
Cash and Gash equlvalents at 31 December 2022
71,721
36,663

Pag8 9
B•lfast Masonlc Charity Fund
Notes to the Financial Statements
Year Ended 31 Docembor 2022
1 Summary of signlficant accountlng pollcl
(a) General Infomiation and basls of preparatlon
Belfast Masonic Charlty Fund was founded In 1862, is governed by a constitution dated October
1996, and is recognlsed as a charity by The Charily Commission for Northern Ireland. The address of
the registered office Is glven in the charlty information on page 1 of Ihese financial stslements. The
nature of the charity's operatlons and principal activilies are deemed to be affording assistance to
needy, deserving, destitute, or Indlgent Freemasons or thelr families or the dependants of deceased
Freemasons by grants of money or other such means as the General Committee may find best suited
to the needs of the applicants.
The charity constitutes a public benefit entity as defined by FRS 102.
Statement of Com
liance
The financial statements have been prepared in accordance with applicable accounting standards,
Accounting and Reporting by Charities: Stalement of Recommended Practice applicable io charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland issued in October 2019, the Financial Reporting Standard appllcable in the United
Klngdom and Republic of Ireland (FRS 102), Ihe Charities Act (Northern Ireland) 2008. Charilies Act
(Northern Ireland) 2013, The Charities (Accounts and Reports) Regulations (Northem Ireland) 2015
and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a goin9 concern basls under the historical cost convention,
modified to indude certain items at fair value.
The financial statements are prepared in sterling which is Ihe funclional currency of the charity and
rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out
below. These policies have been consistently applied to all years presented unless otherwise stated.
(b) Funds
Unreslricted funds are available for use at the discretion of the trustees In furtherance of the general
objeclives of the charity and which have not been designated for other purposes,
(c) Incom• r•¢ognltion
All incomlng resources are Induded in the Stalement of Financial Activities (SOFA) when the charity is
legally entitled to the Income after any performance conditions have been met, the amount can be
measured reliably and it Is probable that the Income will be received.
No amount Is Induded In the financial statements for volunleer time in 1Sne with the SORP (FRS 102).
Further detail 15 given in the Trustees, Annual Report.
For legacies, enlitlement is the earlier of the charity being notified of an impending distribution or the
legacy being received. Al Ihis point income is recognised. On occasion legacies will be nolified to the
charlty however It Is nol possible to measure the amount expected to be distribuled. On these
occasions, the legacy is treated as a conlingent assel and disclosed.
Investment income is earned through holding assets for investment purposes such as shares. It
includes dividends and interest. Interest income is recognised using the effectlve Inlerest method and
divldend Income is recognised as ihe charity's right to receive payment is established.

Page 10
8•lfast Masonic Charity Fund
Notes to the Flnanclal Statements (conllnued)
Year Endod 31 Docombor2022
1 Summary of slgnlflcant accountlng pollcles (contlnued)
(d) Expendlture recognltlon
All expenditure is accounted for on an accruals basis and has been classified under headings that
aggregate all costs related to the category. Expenditure is recognised where there is a legal or
constructive obligation to make paymenls to third parties, it is probable that the setuement will be
required and the amount of the obligatlon can be measured reliably. It is categorised under the
following headings:
Investment management costs,,
Expenditure on charitable aclivities includes direct charltable grants and related support costs".
and
Other expenditure represents those items not falling into the categorles above.
Grants payable to third parties are wlthln the charitable objectives. The grant payments are
recognlsed on the date of they are paid to the recipient.
(e) Support costs allocatlon
Support costs are those that assist the work of the charity bul do nol directly represent charitable
activities and include office costs, governance costs and admlnistrative payroll cosls. They are
incurred directly in support of expenditure on the objecls of the charity.
(fj Tanglblo Ilx•d assots
Tanglble fixed assets are stated at cost less accumulated depreciation. Cosl includes costs directly
attrlbutable lo maklng the asset capable of operating as intended.
Depreciation is provided on all tangible fixed assets, at rates calculated lo write off the cost. less
estimated residual value, of each asset on a systematic basis over its expected useful life as
follows:
Office equlpment
33 113 % Straight line
(g) Investments
Investments are recognised Inltially at fair value which is normally the transaction price excluding
transaction costs. Subsequently, they are measured at fair value with changes recognised in 'net
galns l (losses) on Investments, In the SOFA if the shares are publicly traded or their fair value can
otherwlse be measured reliably.
(hl Debtors and crodltors rerAlvabl• I payable wlthln ono ￿ar
Debtors and creditors with no slaled interest rate and receivable or payable within one year are
recorded al Iransaction price. Any losses arisin9 from impairmenl are recognised In expenditure.
(l) Leases
Rentals payable and receivable under operating leases are charged to the SOFA on a straight line
basis over the period of the lease.

Page11
Belfast Masonlc Charty Fund
Notss to the Financial Staternents {contlnu•d)
Year Ended 31 December 2022
1 Summary of Slgnlflcant a¢countlng pollcles (contlnuedj
U) Tax
The charlty Is a reglstered charity, and as such is entitled to ￿rtain tax exemptions on income and
gains from Invesiments, and surpluses on any trading activities carried out in the furtherance of the
charity's prlmary objectlves. if Ihese gains and surpluses are applied solely for charitable purposes.
The charlty Is not reglstered for VAT and. accordingly, all their expenditure is inclusive of any VAT
incurred.
(k) Golng concarn
The financlal statements have been prepared on a going concern basis as the trustees believe that
no material uncertainties exist. The trustees have considered Ihe level of funds held and the
expected level of income and expenditure for 12 months from authorising these financial
statements. The budgeted income and expendlture is sufficient with the lev81 of reserves for the
charity to be able to continue as a going concern.
Incomo from donatlons and l¢gacl•8
2022
2021
Subscriptions and donations
Bequests
38,875
35,000
16,524
73,875
18,524
Income from donations VRS £73,875 (2021- £16,524) and was attributable to unrestrtcted funds.
Income from Invostments
2022
2021
Dlvldends and fixed interesl
Interest- deposits
7,075
127
5,756
79
7,202
5,835
Income from investments was £7,202 {2021- £5,835) and was attributable to unrestricted funds.
Investment manag¢m¢nt costs
2022
2021
Investmenl manager fees
2,119
2,057
£2,119 {2021- £2,057) of the above costs were altrlbutable to unrestricted funds.

Page 12
Belfast Masonic Charity Fund
Notes to the Flnanclal Statements (contlnued)
Yoar Ended 31 Docombor 2022
Analysls of •xpendlture on charftabl• actlvltles
Activities
undertaken directly
Support
costs
Total
2022
Charltable actlvltles 2022
Flnanclal assistance to needy Freemasons
and their families
41,915
15,095
57,010
£56.710 (2021- £42.640 of the above costs were attributable to unrestricted funds.
Activities
undertaken directly
Support
costs
Total
2021
Charitable activlties 2021
Flnanclal assistance to needy Freemasons
and their families
31,729
10,911
42,640
£42.640 {2021- £73,039) of the above costs y￿re attributable to unrestricted funds.
Governanco c08t8
2022
2021
Independent examiner's fees
1,800
1,800
Analy819 of grants
2022
2021
Grants to indivlduals
Financial assistance to needy Freemasons
and their families
41.915
31,729
Analysls of 8UPPOrt costs
2022
2021
Support costs
Office rent
Office administralion costs
Other
1.000
8,100
5,995
1,000
6,150
3,761
15,095
10,911

Pag8 13
Belfast Masonlc Charlty Fund
Notes to tho Financial Statements (contlnued)
Year Ended 31 December 2022
Net {expendlture) I Income for the year
Net {8xpendilure) l income is stated after charging l (crediting):
2022
2021
Operating lease rentals
818
652
Realised (gain)Iloss on disposal of investments
(3,701)
{2,979)
Unrealised (galn)Iloss on fair value movement of Investments
34,439
(30,677)
10 Tru8tee8' and key management personnel ramunoratlon and expens
The truslees neither received nor waived any remuneration during Ihe year (2021 . £NII).
The key management personnel are considered to be the trustees and management committee.
The total amount of employee beneflts received by key management personnel is £Nil (2021
£Nil).
The relmbursement of Committee members, expenses was as folloyrfs.,
2022
2021
Travel
Office costs
Research
500
8,100
765
500
6,150
9,365
7.450

Page 14
Belfast Masonlc Charlty Fund
Notes to thè Financial Statements {contlnued)
Year Ended 31 December 2022
11
Flxed ass￿ Investments
Llst•d
Investments
Total
Valuatlon
At 1 January 2022
Additions
Disposals
Revaluation
301,822
56,790
(60.469)
{34,439)
301.822
56,790
160,469)
134,439)
At 31 December 2022
263,704
263,704
Impalrnient
At 1 January 2022 and 31 D•cemb•r 2022
Carrylng amount:
At 31 December 2022
263,704
263,704
At 31 December 2021
301,822
301,822
Investments at fair value compromise:
2022
2021
Equities
Alternatlve Investments
Fixed interest securities
176,046
32,096
55,562
216.472
40,569
44,781
263.704
301.822
The falr value of Ilsted Investments is detennined by reference to the quoted price for identical
assets in an active markel at the balance sheet date.
Other investments are measured at estimated market value.

Page 15
Belfast Masonlc Charlty Fund
Notes to the Financial Statements (continued)
Year Endod 31 December 2022
12 Debtors
2022
2021
Other debtors
500
13 Credltors: amounts falling du• within on• year
2022
2021
Accruals and deferred income
Other credilors
7,700
10,050
5,900
4,320
17.750
10,220
14 Fund roconciliallon
Un￿trIcted fund•
Balance at
1 January
2022
Balan¢• at
31 De¢•mb•r
2022
Income
Expenditure
Losses
Unrestricted
328,765
81.077
(60,929)
(30.738)
318,175
Balance al
1 January
2021
Balance at
31 December
2021
Income
Expenditure
Gains
Unrestricted
319,247
22,359
(46,497)
33,656
328,765

Page 16
Belfast Masonlc Charlty Fund
Not￿ to th• Flnanclal Statoments (continued)
Yoar Ended 31 December 2022
15 Analy8ls of net assets between funds
Net current
asset8
As at 31 December 2022
Flxed assots
Total
Unre8trlcted Fund8
263,704
54,471
54,471
318,175
Total Funds
263,704
318,175
Net current
assets
As at 31 December 2021
Fixed assets
Total
Unrestricted Funds
301,822
301,822
26,943
328,765
328,765
Total Funds
26,943
16 Reconclllatlon ol net {oxpendlture) I Incomè to nét cash flow from op6ratlng actlviti08
2022
2021
Net (expenditure) l in￿rne for year
(10,590)
9,518
Divid8nd8 and fixed interest received
Interest receivable
Lossl(gain) on inveslment8
Increase in creditors
17,075)
(127)
30,738
7,530
(5,756)
(79)
(33,656)
6,077
Net cash flow from operatlng activitles
20,476
(23,896)
17 Related party transactlons
Belfast Masonlc Wldows, Fund is deemed to be a related paty as it also under the control of the
truslees.
At the year-end Belfast Masonic Charlty Fund owed Belfast Masonic Widows, Fund £10,050 (2021
- £4,320).
18 Ethlcal Standard
In common with many other charities of our size and nalure we use our independent examiner to
prepare and submil returns to the tax authorilies and assist with the preparation of the financial
statements.