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