BELFAST MASONIC WIDOWS, FUND
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2022
Charity registration number: 102661

Belfast Masonlc ￿dOwS, Fund
Financial Ststements
Yoar Ended 31 December 2022
Contgnts
Pago
Annual Report of the Trustees and General Committee
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Ststement of Cash Flows
Notes to the Financlal Ststements

Page 1
Belfast Masonic Widows, Fund
Annual Report ofthe Trustees and General Committee
Year Ended 31 Decemb8r 2022
The Trustees and General Committee have pleasure in presenting U)eir report and the unaudited financial
statemenls of the charily for the year ended 31 December 2022. The Truste8s and General Committee have
adopted the provlsk)ns of the Statement of Recommended Practice (SORP) "Accounling and Reporting by
Charlties. (FRS 102) In preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance wilh the accounting pollcles set out in notes to
the financial statements and comply wlth the charily's governing document, the Charities Acl (Northern
Ireland) 2008, Charities Act (Northem Ireland) 2013, the Charities {Accounts and Reports) Regulations
(Northern Ireland) 2015, Accounling 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 Republlc of Ireland Issued in Ociober 2019, the Financial Reportlng Standard
applicable in the UK and Republic of Ireland (FRS 102) and UK Generally Accepted Accounting Praclice.
Tru8tw8 of th• charlty
The trustees who have served during the year were as follows:
Bro M Cleland
Bro H Bottomley
Bro S Nicholson
Bro J Morrow
Charlty r•fer•n¢• and admlnlstratlv• d•talls
Charity registration number: 102661
Registered office:
49 Main Slreel, 8allyclare, BT39 9AA
Independent examlner
GMCG, Chartered Accountants & Regislered Auditor, Alfred House,
19 Alfred Street, Belfast, BT2 8EQ
Hewitt & Gilpin, 8 High Street, Holywood, 8T18 9AZ
AIB, 11115 Donegall Square North, Belfast, BT1 SGB
Evelyn Partners, The Ewart, 3 Bedford Street, Belfast, BT2 7EP
Solicitor:
Bankers:
Investmenl managers:
Objectlves and actlvltles
The objects of Ihe Fund shall be deemed to afford asslstance to needy, deser¥lng, d8Slitute, or indigent
Freemasons or thelr famllies 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 b•nefit8
The provision5 of benefits to achieving the purpose of the Trust's objectlves as follows:
To provide and afford in necessitous circumstances. financial asslstance by means of grants of
monles to eligible Freemasons or their families (wives, civil 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 to needy Freemasons or their families or the dependants of deceased
Freemasons by grant of money or such other means as may be best sulted lo Ihe needs of the
applicants.
Publlc beneflt statement
The Trustees and General Committee of 8elfasl Masonic Widows, Fund confirm that they have had due
regard for the guidance on Public Benefit by the Charity Commission for Northern Ireland and are pleased to
report thai during 2022 the charity has continued to provide Public Benefits through financial and other
means of assistance.

P8g8 2
Belfast Masonlc Widows. Fund
Annual Report of the Trustees and Ggneral Committee (continu•d)
Yoar Ended 31 Decèmber 2022
Achlevements and performance
Total income for the year was £51,578 (2021: £56,987). Investments are held by Evelyn Partners as
discretionary nominees. There has been a loss of £78,890 (2021: £76.423 gain) on disposals and
revaluation of investment assets. Total expenditure for the year amounted to £65,630 (2021: £57,002). The
net expenditure for the year amounted to £92,942 (2021: net income £76,408).
The Trustees and General Committee will 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 the
underlylng assets.
Flnanclal r•vlw (Includlng rosérv•s polocy)
Resorves pollGy
It is the policy of the Gharity to mainlain 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 running costs which include
management. administration and support costs. Free reserves are those unrestricted rèserves not
designated nor invested in fixed assets which are available for general use.
As at 31 December 2022, the charity has total funds of £1.237,702 (2021: £1,330,644) of which endowment
funds are £1,068,821 (2021: £1,147,711) and unrestricled funds are £168,881 (2021.. £182,933).
Funding
The Fund was not actively seeking subscriptions and donations, and funding was primarily from investment
income.
Plans for futur• perlods
The Trustees and General Committee plan to continue to provide financial assistance and support lo
brethren or thelr families in need under Ihe terms of the rules of the Fund. The merger of the fund with
Belfast Masonic Charity Fund remains under review.
Structure, govarnanca and managemont
The Trustees and General Committee have adopted the provlsions of the Statement of Recommended
vemin
docum
The fund whlch was establlshed In 1873, Is governed by a constitution, and is registered as a charlty wllh
The Charity Commission for Northern Ireland from 1 sl June 2015.
Recruitment a
ointment induction and trainin
The present General Commitlee has been involved in the charity for a number of years and so are familiar
with ils work. The General Committee regularly review the requirements of the charfty and the possibility of a
need for additional trustees or members of the managemenl committee. Any new Irustees or members of the
Management Commlttee would be elected by the General Committee. Appropriate training and inductlon is
avallable to all trustees and members of the Management Commitlee.
anisati
nal
ru
an
There are 3 trustees and a Management Committee. Joint Management Committee meetings are held wilh
Ihe Belfast Masonic Charity Fund.
Risk mana
ement
The Truslees and General Committee have assessed the major risks lo which the charily 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 appropriale, systems or procedures have been
established to miligate the 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 Ihat they continue to meet Ihe needs of the charity.

Page 3
Bglfast Masonlc Wldows, Fund
Annual R?porl of tho T￿￿te9$ and General C•)mmltt•e (¢onllnu8d)
Year End•d 31 Dec•mbw 2022
sIr￿ttl1•* gov•rnanc• and managonwnt (contInU￿
anl
ru
urea
There are 3 trustees and a Management Commllte8. JoSnl Management ComrnSttee meetlngs are held wllh
the 8elfa8t Masonic Charlty Fund,
The Trustees and Gener81 Comnitt08 have 88ses88d the malor rk8k8 to whith the ¢harity 15 exposed, in
particular thos• relaled lo the opewallons and flnanGes of Ihe charlty. arNJ ale 8ali8fied Ihat Systems 8r8 In
place to mitigate an ¢xposure to major rlsks. Where approprlale, systems or procedures h8va been
est8Nished to mltigale the risks the ch8rty faces. Intemal control fSsks ai8 mlnlmlsed by the imp18m8ntation
of procedures for au1￿[1$al￿>n of all transactlon$ and proJeGI8. Procedures are In place to ensure
compllance wlth ha8llh and safety ol offKers. voluntews and appltcants. These procedures are peflodkally
revlewe(l al least annually lo ensure thal thay conllnue to meet Ihe needB of the charty.
Tru•l008' and G•tt•ral Commltts•'8 re4pon8lbllltlo•
It Is the responsibilty of lh• HI￿orary Treasurer. at Ihe beh88t ol the Tru$tee$, 10 prepare financial
stalement8 In accordance with appllcable law and United Klngdom Accountlng Slandards (Uniled Klngdom
Generally Accept6d Accounting Practice),
The law applkable to charltl•s On Northern Ireland r8qutre8 the Irustees lo prepare financlal statements for
each finan¢l81 y•ar whlch g6ve 8 true and8 lalr vlew of the stale of affalr8 of Ihè charity aThJ of Ihe incomlng
r•SOUf¢es and appll¢atioft of r¢source8 of the charlty for that perfod. In prgparlng th98e Ilnanclal staternents,
thé tru8t608 are requlred lo..
selecl ¥ultabh ac¢ountlng polldes arrfl then appty Ihem consi$tentty'
ob¥eNe the rnethods and PTinclfv In Ihe Charille$ SORP 2019 (FRS 102);
mthe ludgements and estimates that are ffjasonabla and prudent,
8taie whether appllcable 8ccounting standards have been followed, subject to any material
d8perture8 dlsclosed and explained In Ihe finan¢lal st8ièmontS,' and
prapare Ihe ffinandal Statements on thè goiNJ con￿rn b8$i8 un1858 It Is inapproprlate to presumfr
th81 the charfty wlll contlnue In op&ration.
The Trustee8 and General Commlltee are responsible for koepln9 proper accounting iecords that dlsclos6
wllh reasonable accuracy al any ilmo Ihe financi81 poslllgn ot Ihe charlty and enable them to ensure that the
finandal 8tatemenls comply with the Charltles Acl (Northern Ireland) 21x18. the Clwltles (Accounts and
Reports) Regulatlons (frlorthem Ireland) 2015 and the provlfiions of the trusl d•8d. They are al80 re$ponslble
for safeguardlng Ihe assets ol the charlty and he￿ lor laking r6a8onablg step8 lor the preventlon and
detectlon of fraud and other irre9ularltles.
The Trustees and General Commlttee are responsibl8 ft>r the maintenan¢• and Inlegrlty of the ¢harlty and
Ilnanclal Infom)atlon hKluded on the charlty'8 Wobslto. Leglslatlon in the Unlted Klngdom goveming the
preparation di8semlnatlon of finan¢lal stalements may dlffer from leglslatlon In olher Jurisdlcllon$,
On behalf of the Tw8lees and General Committeo
H Bottomley
Tfustee

Page 4
Belfast Masonic Widows, Fund
Independent Exarnlnor's report to tho Trustees of Belfast Masonic Widows, Fund
Year Ended 31 December 2022
I report on the accounts of the charity for the year ended 315t December 2022 which are set out on pages 5
to17.
Respectlve responglbllltles of trustees and examln•r
As the charity's trustees you are responslble for the preparalion of the accounts in accordance with Ihe
Charities Act (Northern Ireland) 2008.
11 is my responsibility to:
examine the accounts under section 65 of the Charilles Act,.
follow the procedures laid down In the general Directions given by the Charity Commission for
Northern Ireland under sectlon 65(9)(b) of the Charities Act,. and
state whether particular matters h8ve come to my attenlion.
Basls of Ind•pond•nt •xamln•r's r•port
I have examined your charity accounts as requlred under section 65 of the Charilies Act and my examination
was carried out in accordance with the general Directions given by the Charily Commission for Northern
Ireland under section 65(9)(b) of the Charities Act.
My examinatlon Included a review of the accountlng 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 accounls and seeking explanations from you as charity trustees concerning any such matters.
My role is to state whether any materlal matters have come to my attention giving me cause to belleve:
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 accounls do not comply wlth the accounting requlrements of the Charlties Act
4. That there Is further Information needed for a proper understanding of the accounts to be reached.
Independent oxamlnerfs slatoment
I have completed my examination and have no concerns in respect of the matters (1) to (41 listed above and,
in connection with following the Directions of the Charity Commission f r Northern Ireland, I have found no
matters that require drawing to your altention.
8.J. Friar (Independen
xamlner)
Chartered Accountants Irelan
Alfred House
19 Alfred Streel
Belfast
BT2 8EQ
For arKI on behalf of
GMCG
Chartered Accountsnts & Statutory Auditors
Dale: Oc•fJAJth %ly

Page 5
Belfast Masonlc Wldows, Fund
Statemont of Flnanclal Activities
Yèar Ended 31 December 2022
Unrestrlctod Endowment
funds
funds
2022
Total
2021
Total
Note
Income and endowment8 from:
Donalions and legacies
Investments
12.052
39,526
12,052
39,526
1.837
55,150
Total Income and ondowments
51,578
51,578
56,987
Expendlture on:
Investment management costs
Charitable activities
Other
8.609
55.221
1,800
8,609
65,221
1,800
8,449
46.753
1,800
Total expendllur•
65,630
65,630
57,002
Nèt Income l {•xpènditur•)
before galn81 (108808) on
Inve8tmont8
(14,052)
(14,052)
(15)
Net gain l(loss) on investments
(78,8901
(78,890)
76,423
N•t Incom• l{•xp•nditur•)
(14,052)
{78,890)
(92,942)
76,408
Tran8f•r b•tw••n fund8
Net movement In funds
14115
<14,052)
{78,890)
(92,942)
76,408
Reconclllatlon of funds:
Total funds broughl forward
14115
182,933
1,147,711
1,330.644
1,254,236
Total funds carrlad forward
14115
168,881
1,068,821
1,237,702
1,330.844
All income and expenditure derive from continuing activilies,

Page 8
Belfast Ma80nlc Wldow8' Fund
Balancè She•t
31 D•¢•mb•r 2022
2022
2021
Not•
Flxed assets
Investments
11
1,166A59
1,247,118
1,168,409
1.247.118
Curr•nl ￿lets
Deblors
Ca8h ai bank and In hand
12
11,169
69,274
5.440
85,486
80M43
90,928
Cr•dltorn'. amounts falllng due wlthln on• year
13
19,2001
(7,400)
Net currènt a88•t8
71,243
83.526
Not auots
1,237,702
1.330,644
Charlty Fund•
Endowment funds
Pecm8n8rt endowm8nt
Unr•$trlctsd funds
14
14
1￿68,621
168081
1,147.711
182,933
Total charfty fund•
1,237,7Q2
1,330.644
Th8 finafi￿al statemenis were approved and authorlged for I$$t￿ by the Tfu81ee8 and GeneTal Committee
?w
Trust••
Truste

Page 7
Belfast Masonlc Wldows, Fund
ststernont of Cash Fl¢)ws
Year Ended 31 December 2022
2022
2021
Noto
Cash flow from 0￿ratIng actlvltle$
17
(57,507)
(57,642)
Net cash flow from operatlng actlvltlas
(57.507)
{57,642)
Cash flow from Inv¢$tlng a¢tlvltl¢$
Payments to acquire investments
Payments to acquire investment property
Recelpts from sales of investments
Renial income
Dividends and fixed interest received
(167,059)
{2,391)
171,219
1,000
38,526
{105,769)
120,622
1,000
54,150
Not cash flow from investing actlvltles
41,295
70,003
Not (d•creas•) I Increas• in cash and cash wulvalonts
(16,212)
12,361
Cash and cash •qulval•nt$ at 1 January 2022
85,486
73,125
Cash and cash •qulvalonts at 31 December 2022
69,274
85,486

Page 8
Belfast Masonlc Wldows, Fund
Notss to the Financial Statements
Year Ended 31 Decembor 2022
Summary of slgnlflcant accounting policies
(a) General Informatlon and bas18 of proparatlon
Belfast Masonic Widows, Fund was established in 1873, is governed by a constitution dated April
1986, and is recognised as a charity by The Chartty Commission for Northern Ire18nd. The address of
the registered office is given in the charity informatlon on page 1 of these financial statements. The
nature of the charity's operations and principal actfvities are deeme(I to be affording assistance 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
io the needs of the applicants.
The charily constitutes a public benefit entity as defined by FRS 102.
Statement of Com
liance
The financial statements have been prepared in accordance wlth applicable accounting standards,
Accounting and Reporting by Charities: Statemenl of Recommended Practice applicable to charities
preparing their accounts In accordance wilh the Financial Reporting Standard applicable in the UK and
Republic of Ireland issued In October 2019, the Financial Reporting Standard applicable in the United
Kingdom and Republic of Ireland (FRS 102>, the Charities Act (Northern Ireland) 2008. Charities Act
(Northern Ireland) 2013, The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015
and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going concern basls under the historical c08t convention,
modified to include certain items at fair value.
The financial statements are prepared in sterling which is the functional currency of the charity and
rounded to the nearest £.
The signrficant accounting policies applied in the preparation of these financial statements are sei out
below. The8e policies have been conslstently applied to all years presented unless otherwlse stated.
(b) Fund8
Unrestricted funds are available for use al the discretion of the trustees in furtherance of the genera
objectives of the charity and ￿1¢h have not been designated for other purposes.
Endowment funds represent those assets whlch must be held permanently by the charity, principally
as fixed asset investments. Income arising on the endowment funds can be used in accordance with
the objects of the charity and is included as unrestricted income. Any capilal gains or losses arlslng on
the Investments form part of th8 fund.

Page 9
Belfast Masonlc Wldows, Fund
Notes to the Financlal Statements (contlnued)
Year Ended 31 December 2022
Summary of slgnlflcant accounting pollcies (contlnued)
(c) Income r•cognlt5on
All income is included in the Statement of Financial Activilies (SOFA) when Ihe charity is legally entitled
to the income afler 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 statements for volunleer tlme in line with the SORP (FRS 102).
Further detail is given in the Trustees, Annual Report.
For legacies, entitlement is the earlier of the charity being notified of an impendlng distribution or the
legacy being received. At this point income is recognised. On occasion legacles will be notified to the
charity however it is not possible to measure the amount expecled to be dlstributed, On these
occasions, the legacy is treated as a contingent asset and disclosed.
Investment income Is earned Ihrough hol¢Jing assets for investment purposes such as shares. It
includes dividends and interest. Where il is nol practicable to identify investment management costs
incurred withtn a scheme wlth reasonable accuracy the investment income is reported net of these
costs. It Is included when the amount can be measured reliably. Interest income is recognlsed using
the effective interest method and (Jlvldend income is reco9nised as the charity's right to receive
payment is established.
(d) Exp•ndltuio roGOgnltlon
All expenditure is accounted for on an accruals basis and has been classifled under headlngs that
aggregate all costs related to Ihe category. Expenditure is recognised where there is a legal or
construclive obligation to make payments to third parties, it is probable that the setllement will be
roquired and the amount of the obligation can be measured reliably. It Is categorised under the
followin9 headings..
Expenditure on charitable activities includes activities undertaken dlrectly and related support
cosls,. and
Other expenditure represents those items not falling into Ihe categories above.
Grants payable to third parties are wlthln the charitable objectives.
(e) Support cost8 allocatlon
Support cosls are those that assist the work of Ihe charity but do not directly represent charitable
activities and include office costs, govemance cosls and administrative payroll costs. They are
incurred directly in support of expenditure on the objects of the charity.
{fj Investments
Investments are recognised initially at fair value which is normally the transaction price excluding
transaction costs. Subsequently, Ihey are measured at fair value wlth changes recognised in 'net
gains l (losses) on investments. in the SOFA if Ihe shares are publicly traded or their fair value can
otherwise be measured rellably. Other investments are measured at cost less impairment.
Investment properties ar8 measured al fair value at each reporting date with changes in fair value
recognised in 'net gains l (losses) on investments, in Ihe SOFA.
Current asset investrnents are short term highly liquid investments and are held at fair value. These
include cash on deposit and cash equlvalents with a malurity of less than one year.

Page 10
Belfast Masonlc Widows, Fund
Notes to the Flnanclal Statements (contlnued)
Year Ended 31 December 2022
Summary of slgnlflcant ac¢ountlng pollcles (contlnuedi
(g) Debtors and credltors rgcelvable I payable wlthln one year
Debtors and creditors with no stated interesl rate and receivable or payable within one year are
recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
(h) Impalrmant
Assets not measured al fair value are reviewed for any indication that the asset may be impalred at
each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's
cash generating unil. is estimated and compared to the carrylng amount. Where Ihe carrying amount
exceeds its recoverable amount, an Impalrment loss Is recognised in the SOFA unless the asset is
carried at a revalued amount where the impairment loss Is a revaluation decrease.
(l) Lease8
Rentals payable and recelvable under operallng leases ar& charged to the SOFA on a straight line
basis over the period of the lease.
U) Tax
The charlty Is a reglstered charlty, and as suoh is entitled to certaln tax exemptions on incom8 and
galns from Investments, and surpluses on any tradlng actlvitles carried out in the furtherance of the
charlty's primary objectives, if thes8 gains and surplus88 are applied solely for charitable purpose8.
The charity Is not registered for VAT and, accordingly, all their expenditure is inclusive of any VAT
incurred.
(k) Golng concern
The financial statements have been prepared on a going concern basis as the Irustees believe that no
material uncertainties exist. The trustees have considered the level of fu￿dS held and the expected
level of income and expenditure for 12 monlhs from authorising these financial slatements. The
budgeted Income and expenditure is sufficient with Ihe level of reserves for the charity to be able to
continue as a golng concern.

Pag811
Belfast Masonie Widows, Fund
Notes to the Financial Statements (contlnued)
Year Endod 31 D•comb8r 2022
Income from donatlon8 and legaclos
2022
2021
Subscriptions and donations
Bequests
7,052
6,000
1,837
12,052
1,837
Income from donations was £12.052 (2021- £1.837) and was attributable to unrestricted funds.
In￿me from Investm•nt8
2022
2021
Dividends and fixed interest
Rental income
38,526
1,000
54,150
1,000
39,526
55,150
Income from investments was £39,526 (2021- £55,150) and was attributable to unrestricted funds.
Investment management costs
2022
2021
Investment manager fees
8,609
8,449
£8,609 (2021- £8,449) of the above costs were attrlbutable to unrestricted funds.

Page 12
Bèlfast Masonic Widows, Fund
Notes to the Flnanclal Statements (contlnued)
Year Ended 31 Decernber 2022
Analysis of expondfture on charltablo actlvltlo8
Charltable actSvltl08 2022
Activities
undertaken
directly
Support
costs
Total
Financial assistance to n8edy Freemasoris and their
famlli8S
31,917
23,304
55,221
Charitable activities 2021
Activities
undertaken
directly
Support
costs
Total
Financial assistance to needy Freemasons and thelr
families
30.573
16,180
46,753
£55,221 (2021- £46,753) of the above costs were attributable lo unrestricted funds
Analy818 of support costs
2022
2021
Support costs
Office admlnistration costs
Other
8,100
15,204
6,150
10,030
Total
23,304
16,180
Govornanco costs
2022
2021
Independent examiner
1,800
1,800
Analysls of grants
2022
2021
Grants to indlvlduals
Financial assistance to needy Freemasons and theiT families
31,917
30.573

Page 13
Belfast Masonlc Wldows, Fund
Not08 to tho Financial Statements (contlnuedl
Year Ended 31 December 2022
Net Income l (oxpenditurn) for the year
Net Income l {expenditure) is stated after charging l {credlting)'.
2022
2021
Realised lossl(gain) on disposal of investments
3,084
(3,7701
Unrealised lossl(gain) on falr value movement of investments
75,806
(72.653)
10 Truste￿, and key management porsonnol ramuneratlon and •xpens•s
The trustees neither received nor waived any remuneration during the year (2021.. £Nil).
The key management personnel are considered to be the trustees and management committee. The
total amount of employee benefits received by key management personnel is £Nil (2021- £Nil),
The reimbursement of Commiltee members, expenses was as follows..
2022
2021
Travel
Office administration costs
Research
900
8,100
765
6,150
9,765
7.850

Page 14
Bolfast Masonic Widows. Fund
Notes to the Flnanclal Statements (contlnued)
Year Ended 31 December 2022
11 Fixed asset investments
Investment
Llsted
Property inveslments
Total
Valuation
At 1 January 2022
Additions
Disposals
Revaluation
235,840 1.011,278 1.247,118
2,391
167,059
169,450
(174,303) (174,303)
(75.806)
(75,806)
At 31 D•c•mb•r 2022
238,231
928,228 1.166,459
Impalrment
At 1 January 2022 and 31 December 2022
Carrylng amount:
Al 31 December 2022
238,231
928,228 1,166,459
At 31 December 2021
235,840 1,011,278 1,247,118
Investments at fair value compromise:
2022
2021
Equlties
Alternative investments
Bonds
652,146
235,744
40,338
658.425
262.493
90.360
928,228
1,011,278
The fair value of listed investments is determined by reference lo the quoted prlce for Identical assets
in an active market at the balance sheet date.
Investment property Is measured at market value at each reporting date.
12 Debtor8
2022
2021
Other debtors
11,169
5,440

Page 15
Belfast Masonlc Wldows, Fund
Notès to tha Financial Actlvltles (contSnued)
Year Ended 31 Decembor 2022
13 Creditor8.' amounts falling due wSthln one yoar
2022
2021
Accruals
9,200
7,400
14 Fund reconclllatlon
Unrestrl¢ted funds
Balance at
1 January
2022
Gains I
Balance at
Income Expenditure (losses) Transfers 31 December
2022
Unrestricted
182,933
51,578
(65.630)
168,881
Balance at
1 January
2021
Gains I
Incorne Expenditure (losses) Transfers
Balance at
31 December
2021
Unr8Stricted
182.948
56.987
(57,002)
182.933
Unrestricted funds are avallable for use at the discretlon of the trustees In furtherance of the general
objectives of the charity and which have not been designated for other purposes.
Endowment fund8
Balance at
1 January
2022
Galns I
Balance at
(losses) Transfers 31 DeGemb•r
2022
Income Expenditure
Endowment fund
1,147,711
(78,890)
1,068,821
Balance at
1 January
2021
Gains I
(losses) Transfers
8alance at
31 December
2021
Income Expendlture
Endowment fund
1.071,288
76,423
1,147,711
Endowment funds represent those assets which must be held permanently by the charity, principally
as fixed asset investments.

Page 16
Beffast Masonic Wldows, Fund
Notes to the Flnanclal Activitios (contlnuedl
Year Endod 31 Decernber 2022
15 Analy818 of net assets between fund8
Unrestricted Endowment
funds
funds
2022
Total
Flxed assets
Cash
Other current assets
97,638
69.274
1,969
1,068,821
1,166,459
69,274
1,969
Total
168.881
1,068,821
1,237,702
Unrestricted Endowment
funds
funds
2021
Total
Fixed assets
Cash
Other current liabilities
99,407
85,486
(1.9601
1,147,711
1,247.118
85,486
(1,960)
Total
182,933
1,147,711
1,330,844
16 Reconclllatlon of not expendltur• to net cash flow from oporatlng actlvltl•8
2022
2021
Net (expenditur8)fincome for year
(92,942)
76,408
Dividends and fixed interest receSved
Renlal Income
Lossl(Gain) on investments
(Increase) in debtors
Increase in creditors
(38,526)
11,0001
78,890
16,729)
1,800
(54,150)
(1.0001
{76,423)
(4.277)
1,800
Net cash flow from operating activities
(57,507)
{57,642)

Page 17
Belfast Masonic Widows, Fund
Notes to the Flnanclal Actlvltles (contlnued)
Year Ended 31 Decernber 2022
17 Related party transactlons
Belfast Masonoc Charity Fund is deemed to be 8 related party as it is also under the control of the
trustees.
At the year4nd Belfast Masonic Charily Fund owed Belfast Masonic Widows, Fund £10,050 (2021
£4,320).
EthleAI Standard
In common with many other charities of our size and nature we use our independent examiner to
prepare and submit returns to the tax authorities and assist with the preparation of the financial
statements.