BELFAST MASONIC CHARITY FUND
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023
Charity registration number.. 101945

Page 1
Belfast Ma80nlc Charlty Fund
Annual Report of the Trustees and General Committee
Year Ended 31 December 2023
The Truslees and General Committee have pleasure in presenting their report and unaudited financial
statemenls of the charity for the year ended 31 December 2023. The Trustees and General Committee have
adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by
Chariti8s" (FRS 102) in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to
the financial statements and comply wilh the charity's governing document, the Charities Act (Northern
Ireland) 2008. Charities Act (Northern Ireland) 2013. the Charities (Accounts and Reports) Regulations
(Northern Ireland) 2015, Accounting and Reporting by Charities: Ststement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reportlng Standard
applicable in the UK and Republic of Ireland issued In October 2019, Ihe Financlal Reportlng Standard
applicable in the UK and Republic of Ireland (FRS 102) and UK Generally Accepled Accounting Practice.
TrustO08 of the charlty
The trustees who have served durlng the year were as follows..
Bro M Cleland
Bro H Bollomley
Bro S Nicholson
Bro J Morrow
Charfty refor•nco and admlnlstratlve detalls
Charity registration number.. 102661
Reglstered office..
49 Main Street. Ballyclare, BT39 9AA
Independent examiner
GMCG, Chartered Accountants & Registered Audltor, Alfred House,
19 Alfred Street, Belfast, BT2 8EQ
Hewitt & Gllpin, 8 High Street, Holywood, BT18 9AZ
Danske Bank, PO Box 183, Doneg811 Square West, Belf8St, BT16JS
Quilter Cheviot Limited, Monlgomery House, 29-33 Montgomery Street, Belfast,
BT14NX
Solicitor:
Bankers:
Investment managers:
Objectlves and actlvltles
The objects of the Fund shall be deemed lo afford assistance to needy. deservlng, deslltute. or Indlgent
Freemasons or their 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.
Publlc bon￿lt$
The provisions of benefits to achieving the purpose of the Trust's objectives as follows:
To provide and afford in necessilous circumstances, financial assistance by means of grants of
monies to eliglble Freemasons or thelr famllies {wives, civll partners, sons, daughters, grandchildren)
to Include the dependants (widow, civil partner, mother, daughters, sons, grandchildren) of deceased
Freemasons for the relief of poverty and social exclusion;
What the Trust does:
The Trust affords assistance lo needy Freemasons or their families or the dependants of deceased
Freemasons by grant of money or such other means as may be best suited lo Ihe needs of the
applicants.
Publlc beneflt statement
The trustees of Belfast Masonic Charity FurKI confimi that they have had due regard for the guidance on
Public Benefrt by the Charily Commission for Northern Ireland and are pleased to report that durlng 2023 the
charity has coniinued to provide Public Benefits through financial and othar means of assistance.

Page 2
B•lfast Ma8onlc Charlty Fund
Annual Report of the Trustees and General Commlttee (contSnued)
Year Ended 31 December 2023
Achlevaments and performance
Total income for the year was £68.241 (2022: £81.077). Total expenditure for the year amounted to £70,427
(2022.. £60.929).
Investments are held by Quilter Cheviot as discretionary nominees. There has been a gain of £19,241 (2022:
loss £30,738) on disposals and revaluation of investment assets. The net income for the year amounted to
£17,055 (2022.. net experKliture £10,590).
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 structure as necessary, to continue Iheir 'duty of
care, and to fulfil their obligations in respect of Ihe underlying assets.
The Trustees and General Committee consider that the charity is in a satisfactory position lo cary on its
charitable aciivities.
Flnanclal r•vi•w (includlng r•s•rves policy)
Reserv￿ pollcy
It Is the policy of the charity to maintain free reserves which matches the needs of the fund. both at the
current time and in the foreseeable future. This provides sufficient funds to cover runnlng costs which include
management, administralion and support costs. Free resenfes are those unrestricted reserves not
designated nor Invested in fixed assets which are available for general use.
As at 31 December 2023 the charlty has total funds of £335,230 (2022., £318,175) whlch are all unrasiricted
funds.
Fundlng
The principal funding is from subscriptions, donations and investments.
Plans for future perlods
The Trustees and General Cornmittee plan to corbtinue to provide financial assistance and support to
brethren or their families in need under the terms of the rules of the Fund. The merger of the fund wilh
Belfast Masonic Widows Fund remains under review.
Structure, governancè and managomoni
Governin
documenl
The funcl which was established In 1862, is governed by a constilution, and is registered as a charity wllh
The Charlty Commlssion for Northern Ireland from 22141 September 2015,
Recruitmenl a
in
menl induction and
inin
The present General Committee has been involved in the charity for a number of years and so are familiar
with its work. The General Committee regularly review the requiremenls of Ihe charity and ihe possibility of
need for additional trustees or members of the management committee. Any new truslees or members of the
Management Committee would be elected by the General Committee. Appropriate training and induction is
available lo all truslees and members of the Management Committee.
anlsational structure and rel ted artles
There are 3 Irustees and a Managemenl Committee. Joint Management Commlttee meetlngs a￿ held with
the Belfast Masonic Widows, Fund.

Page 3
Belfast Masonic Charity Fund
Annual Report of the Trustees and General Committee (continued)
Year Endod 31 Docombor 2023
Structure, governancè and managem¢nt (¢ontlnu¢d)
'sk man
ment
The Trustees and General Commlttee have assessed 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 procedu￿5 have been
established to mitigate the risks the charity laces. Intemal control risks are minimised by Ihe implementation
of procedures for authorisation of all Iransactions 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.
Truste88' and General Committ80's responslbllltles
The Trustees are responslble for preparing the Trustees, Annual Report and the financial statements In
accordance wlth appllcable law and United KIn￿10M Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
The law applicable to charities in Northem Ireland requires the Trustees to prepare financial statements for
each financial year which give a true and falr view of the stste of affairs of the charity and of the Incoming
resources and application of resources of the charlty for that period. In preparing these financial statements,
the trustees are required lo:
select suitable accounting policies and then apply them consislently.,
observe the methods and prlnciples In the Charlties SORP 2019 (FRS 102)
make judgements and estimates thal are reasonable and prudent.,
state whether applicable accounting standards have been followed, subject to any material
departures disclosed and explalned In the financial st8tements,'
prepare the financial statements on the going concern basis unless it is inapproprlate to presume
that the charity will continue in operation.
The Trustees and General Committee are responsible for keeping proper accounting records which disclose
wlth reasonable accuracy at any time the financial posit40n of the charity and which enable them lo ensure
that the financial staternents 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 and detection of fraud and other irregularities.

Pa9e 4
Belfast Masonlc Charlty Fund
Annual Report of tho Tru8t•88 and General Commlttee (contInU￿1
Year Ended 31 Dacember 2023
The Trustees and General CoTrmlttee are rest￿gIble lof the malntenanc8 and Integrity of Ihe charity and
financial Informgtion Indudeé on the charity's website. Legislatlon In the Unlted Kkngdom governlng lh•
preparatk)n dissemination ol financial statemgnls may dlffer from leglslalion in other jurisdktions.
On behalf of th& Truste8S and G8n•ral Comm5tte8
H Bottoni•y
Truslee
Oale.

Page 5
B•lfast Ma8onlc Charty Fund
Independent Exarnlner's report to the Trustees of Belfast Masonlc Charlty Fund
Year Ended 31 Dec•m￿r 2023
I report on the accounts of the charity for the year ended 31 St December 2023 which are set out on pages 6
10 16.
Respoctlvo responsibilities of truste•8 and examlner
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 responsibility to-
examlne the accounts under section 65 of the Charltles Act;
follow the procedures laid down In the general Directions given by the Charlty Commisslon for
Northern Ireland under section 65(9)(b) of the Charitie5 Acl: and
state whether particular matters have come to my attention.
8a818 of Independent examlnerfs report
I have examined your charity accounts as required under section 65 of the Charitie8 Act and my examlnalion
was carried oul In accordance wlth the general Directions given by the Charity Cornmission for Northern
Ireland under section 65(9)(b) of the Charlties Acl.
My examlnatlon Induded a revlew of the accountlng records kept by the charity and a comparison of the
accounts presented wlth those records. It also included conslderation 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:
1, 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
3. That the accounts do not comply wilh the accounting requirements of the Charities Act
4. That there Is further Information needed for a proper understanding of the accounts to be reached.
Ind•p•ndent •xamlner'8 stat•m•nt
I have completed my examination and have no concerns in respect of the matters (1) 10 (4) Ilsted abov8 and,
in connection with following the Directions of the Charity Commisy'on for Northern Ireland, I have found no
matters that require drawing to your attention.
B.J. Friar {Indep
Chartered Accoun
t Examiner)
Ireland
Alfred House
19 Alfred Street
Belfast
BT2 8EQ
For and on behalf of
GMCG
Chartered Accountants & Slatutory Audrtors
Date:

Page 6
Belfast Masonlc Charity Fund
stat•m•nt of Flnanclal Actlvltles
Year ended 31 Dec8mb•r 2023
Unrostrlcted
funds
2023
Total
2022
Total
Noto
Income from:
Donations and legacies
Investments
Other
61,164
7.077
61,164
7,077
73,875
7,202
Total Income
68,241
68,241
81,077
Exp•ndlture on:
Investment managemenl costs
Charrtable aciniities
Other
1,992
66,635
1,800
1,992
66,635
1,800
2,119
57,010
1.800
Total expendlturo
70,427
70,427
60,929
Net Incomel(expendfture) bofora
galn81(1088•6) on Investments
12,186)
(2.186)
20,148
Net gainsl{losse8> on Investments
19,241
19,241
{30,738)
Not Incomel(expond5tur•)
17.055
17,055
(10,590)
Net movemant In funds
14
17,055
17,055
{10,590)
Reconclllatlon of funds:
Total funds brought forward
14
318,175
318,175
328,785
Total funds carrled lo￿ard
14
335,230
335,230
318,175
All income and expendlture derive from ¢ontinuing activities.

Page 7
Bolfast Ma8onlc Charlty Fund
Balanco Sh•et
31 Decembèr 2023
2023
2022
Not•
Flx•d a88ets
Investments
11
269,310
263.704
269,310
283,704
Cunpnt JS8¢ts
Deblors
Cash at bank and In hand
12
500
82,720
500
71.721
03.220
72,221
Credltorn: amouTrts falllng duo wllhln on• y•ar
13
117JOO)
(17.760)
N•t ¢urr•nt Aats•t8
80,920
64,471
336,230
318,176
charlty Fund$
Unr8slriciéd funds
14
335,230
318,175
Total ¢harlty
33&230
318,176
The financ.
on...
ments were approved and outh￿l$ed lor Issue by the T¢u$t¢o8 and Genefal ConYn5ttee
and are sl9ned on iholr bthall by:
H Bottoml•y
Tfugtee
)ai•
Tru$te8

Page 8
Belfast Masonlc Charlty Fund
Statement of Cash Flows
Year Ended 31 December 2023
2023
2022
Noto
Cash flow from operating actlvltl
16
(9.713)
20,476
Net cash flow from operatlng actlvltles
(9,713)
20,476
Cash flow from Investing actlvltlos
Payments to acquire investments
Proceeds from disposal of investments
Interest received on deposits
Dividends and fixed interest received
{28,296)
41,931
192
6,885
(56,790)
64,170
127
7,075
Not ￿8h flow from inv08tlng actlvltlog
20,712
14,582
Net 5ncrease In cash and cash oqulvalents
10,999
35,058
Cash and cash oqulval•nts at 1 January 2023
71.721
36,663
Cash and cash oqulvalents at 31 December 2023
82,720
71,721

Page 9
Bèlfast Masonlc Charlty Fund
Notes to the Financial Statements
Yoar Ended 31 December 2023
1 Summary of 8lgnlflGant accountlng po15cles
(a) General Informatlon and bas18 of preparatlon
8elfast Masonic Charity Fund was founded in 1862. is governed by a conslitution dated October
1996, and is recognised as a charity by The Charity Commission for Northern Ireland. The address of
the registered office is given in the charity information on page 1 of Ihese financial statements. The
nature of the charity's operations and principal activities are deemed to be affording assistanc8 to
needy, deserving. destitute. or indigent Freemasons or their 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 charlty constitutes a public benefit entity as (lefined by FRS 102.
tat
liance
The financial statements have been prepared in accordance wilh applicable accounting standards,
Accounting and Reporting by Charilies,. Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financlal Reporting Standard applicable in the UK and
Reptjblic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United
Kingdom and Republic of Ireland (FRS 102), Ihe Charities Act (Northern Irelarid) 2008, Charities Act
(Northem Ireland) 2013, The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015
and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a golng concem b881s under the historical cost convention,
modified to include certain items at fair value,
The financial slatements are prepared In sterling whlch Is the functional currency of Ihe charlty and
rounded lo the nearest £.
The significant accounting policies applied in the preparatlon of these financial statemenls are set out
below. These policies have been consistently applied to all years presented unless otherwise stated.
(b) Funds
Unrestricied funds are available for use at the discretion of the trusteas in furtherance of the general
oblectlves of the charity and which have not been designated for other purposes.
(cl Income recognltlon
All incoming resources are included in the Statement of Financlal Activities (SOFA) when the Gharity Is
legally entiiled to tha incom8 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 Included in the financial stslements for volunteer time in line wilh the SORP (FRS 102).
Further detall Is glven in the Trustees, Annual Report,
For legacies, entitlement Is the earller of the charlty belng notified of an impendirbg distrlbution or the
legacy being received. At this point income is recognlsed. On occasion legacies will be nolified to the
charity however it is not possible to measure Ihe amount expected to be distributed. On these
occasions, the legacy is treated as a contingent asset and disclosed.
Investment income is earned through holding assets for investment purposes such as shares. It
includes dividends and interest. Interesl income is recognised using the effective interest method and
dividerKJ income is recognised as the charity's right to receive paymenl is established.

Page 10
Belfast Masonic Charity Fund
Notes to the Financial Statements (contlnued)
Year Endèd 31 D•c•mbar 2023
1 Summary of slgnlflcant accountlng pollcl•s (contlnued)
(d) Exp•ndlture recognitlon
All expendilure 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 payments to thlrd parties, it is probable that the settlement will be
required and the amount of the obligation can be measured reliably. 11 is categorised under the
following headings..
Investment management costs.
Expenditure on charitable activities includes direct charitable grants and related support costs;
and
Olher expenditure represents those items not falling into lh8 categories above.
Grants payable to third parties are wlthln the charitable objectives. The grant payments are
recognised on the date of they are paid to the recipient,
{e) Support Costs allo¢atlon
Support costs are those that assist the work of the charlty but do not directly represent charltable
activities and include office costs, governance costs and administralive payroll costs. They are
incurred directly in support of expenditure on the objects of the charity.
In Tanglble flxed assets
Tangible fixed assets are stated at cost less accumulated depreciatlon. Cost Includes costs directly
attributable to making the asset capable of operating as intended.
Depreciation is provided on all langible fixed assets, at rates calculated to write off the cost, less
estimated residual value, of each asset on a systematlc basis over its expected useful life as
follows:
Office equipment
33 113 % Straight line
(g) Investments
Investments are recognised Initially at fair value which is nomially Ihe transaction price exduding
transactlon costs. Subsequently. they are measured al fair value wlth changes recognised in 'net
gains l (losses) on Investments, in the SOFA if the shares are publicly Iraded or their fair value can
otherwise be measured reliably.
(h) Debtors and credltorg recolvable I payable wlthln one yoar
Debtors and creditors with no stated interest rate and recelvable or payable within one year are
recorded ai transaction price. Any losses arising from impairment are recogniseil 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.

Pag8 11
Belfast Masonic Charity Fund
Notes to the Financial Statements (contlnued)
Yoar Ended 31 Docomber 2023
1 Summary of slgnlficant accounting polici08 (contlnued)
ti) Tax
The ch8rity is a registered charity. and as such is entitled lo certain tax exemptions on income and
gains from investments, and surpluses on any trading activities carried out in the furtherance of the
charity's primary objectives, if these gains and surpluses are applied solely for charitable purposes.
The charity is not registered for VAT and, accordingly, all their expenditure is inclusive of any VAT
incurred.
{k) Golng concern
The flnancial statements have been prepared on a golng concern basis as the trustees believe that
no material uncertainties exist. The trustees have considered the level of funds held and the
expected level of income and expenditure for 12 months from authorising these financlal
stalements. The budgeted income ar￿ expenditure is sufficient with the level of reserves for the
charity to be able to continue as a going concern.
Income from donatlon8 and legacles
2023
2022
Subscriplions and donations
Bequests
61,164
38.875
35,000
61,164
73,875
Income from donations was £61,164 {2022 - £73,875) and was attril)utable to unrestricted funds.
Income from Investments
2023
2022
Dlvldends and flxed Interesl
Interest - deposits
6,885
192
7,075
127
7,077
7,202
Income from investments was £7,077 (2022 - £7,202) and was attributable to unrestricted funds.
Investmont management costs
2023
2022
Investment manager fees
1,992
2,119
£1,992 (2022 - £2,119) of the above costs were attributable to unrestricted funds.

Pag8 12
Belfast Masonlc Charlty Fund
Notes to the Financial Statements (¢ontlnued)
Year Ended 31 December 2023
Analysls of expendlture on charltable actlvltlos
Activities
undertaken directly
Support
costs
Total
2023
Charitabl6 actlvitles 2023
Financial assistance to needy Freemasons
and their families
48.530
18,105
66,635
£66,635 (2022 - £56.710) of the above costs were attributable to unrestricted lunds,
Activities
undertaken directly
Support
osts
Total
2022
Charitable activities 2022
Financial assistance to needy Freemasons
and their families
41,915
14,795
56,710
£56,710 (2022 - £42,640 of the above costs were attributable to unrestricted funds.
Governance co8t$
2023
2022
Independent examlner's fees
1,800
1,800
Analy818 of grants
2023
2022
Grants lo individuals
Financial assistance to needy Freemasons
and their families
48,530
41,915
Analysls of support Costs
2023
2022
Support costs
Offlce rent
Office administration costs
Other
1,000
8,150
8.955
1,000
8,100
5,695
18,105
14,795

Page 13
Belfast Masonic Charity Fund
Notes to the Financial Staternents (contlnued)
Year Ended 31 December 2023
Net Incomo I l•xp•ndlture) for the year
Net income l (expenditure) is stated after charging l (crediting):
2023
2022
Operating lease rentsls
818
818
Realised (gain)Aoss on disposal of investments
(3,1551
{3,701 }
Unrealised (gainyloss on fair value movement of investments
{16,086)
34,439
10 Trustoes. and key management personnel remuneratlon and expen808
The trustees neither received nor waive(l any remuneration during the year (2022: £Nil).
The key management personnel are considered to be the trustees and managemenl committee.
The total amount of employee benefits received by key management personnel is £Nil (2022
£Nil).
The relmbursemenl of Committee members, expenses was as follows:
2023
2022
Travel
Office costs
Research
500
8,150
400
500
8,100
765
9,050
9,365

Page 14
Belfast Masonlc Charlty Fund
Notes to tha Financial Ststamènts (continued)
Year Ended 31 December 2023
11 Flxed asset Investments
Llstod
Investments
Total
Valuatlon
At 1 January 2023
Additions
Disposals
Revaluation
263,704
28,296
(38,776)
16,086
263,704
28,296
{38,776)
16,086
At 31 December 2023
269,310
269,310
Impalrmont
At 1 January 2023 and 31 December 2023
Carrylng amount:
At 31 December 2023
269,310
269,310
At 31 December 2022
263,704
263,704
Investments at fair value compromise:
2023
2022
Equities
Alternatlve Investments
Fixed interest securities
177.460
28,550
63,300
176,048
32,098
55,562
269,310
263,704
The falr value of Ilsted Investments is determined by reference to the quoted price for identical
assets in an active market at the balan￿ sheet date.
Other Inveslments are measured at estlrnated market value.

Page 15
Belfast Masonic Charlty Fund
Not88 to tho Flnanclal Ststements (Gonllnued)
Yoar Ended 31 D?cemb•r 2023
2 Debtors
2023
2022
Other debtors
500
500
13 Credltors: amounts falllng due wlthln ono year
2023
2022
Accruals and deferred income
other creditors
9,500
7,800
7,700
10,050
17,300
17.750
14 Fund reconclllatlon
Unrostrlctèd funds
Balance at
1 January
2023
Balance at
31 December
2023
Income
Expenditure
Gains
Unrestricted
318,175
88,241
(70,427)
19.241
335,230
Balance at
1 January
2022
Balance at
31 December
2022
Income
Expendilure
Losses
Unrestricted
328,765
81,077
(60,929)
(30,738)
318,175

Page 16
Bolfast Masonlc Charity Fund
Notes to the Financlal Statements (contlnued)
Year Ended 31 December 2023
15 Analysls of net assets betweèn funds
Net current
assets
As at 31 December 2023
Flxod ass•ts
Total
Unrestrlcted Funds
269,310
65,920
335.230
Total Funds
269,310
65,920
335,230
Nel current
assels
As at 31 December 2022
Flxed assets
Total
Unreslricted Funds
263,704
263,704
54,471
318,175
Total Funds
54.471
318,175
18 Reconclllatlon of net {oxpendlturo) I Income to net cash flow from operatlng activltles
2023
2022
Nel income l {expenditure) for year
17,055
(10,590)
Dlvldends and flxed interest recelved
Interest receivable
(Gain)Iloss on investments
(Decrease)Ilncreas8 in creditors
(6.885)
(192)
119,241)
(450)
(7,075)
{127)
30,738
7,530
Net cash flow from operating activities
19,713)
20,476
17 Related party transactlons
Belfast Masonic Widows, Fund is deemed lo be a related party as it also under the control ol the
trustees.
At the ye8r-end Belfast Masonic Charity Fund owed Belfast Masonic Widows, Fund £7,800 (2022 -
£10,050).
18
EthSGal Standard
In common with many other charlties of our size and nature we use our independenl examiner to
prepare and submit returns to the tax authorities and assist with the preparation of the financial
statements,