BELFAST MASONIC WIDOWS, FUND
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023
Charity registration number: 102661

Belfast Masonic Widows. Fund
Flnanclal Statements
Year Endad 31 Dec•mber 2023
Contents
Page
Annual Report of th8 Trustees and General Committee
Independent Examiner's Report
Statement of Financial Aclivities
Balance Sheet
Slatement of Cash Flows
Notes to the Financial Statements

Page 1
Belfast Masonic Widows. Fund
Annual Report of the Trustees and General Comrnittee
Y•ar Ended 31 December 2023
The Trustees and General Committee have pleasure in presenting their report and the unaudited financial
statements 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) "Accountirig and Reporting by
Charities. (FRS 102) in preparing the annual report and financial statements of the charily.
The financial statements have been prepared in accordance with the accounting policies sel out in notes to
the financial statements and comply with the Charit￿$ goveming document, the Charities Act (Northern
Ireland) 2008, Charities Act (Northem Ireland) 2013, the Charities (Accounts and Reports) Regulatlons
(Northern Ireland) 2015, Accouniing and Reporting by Charities: Statement of Recommended Practlce
applicable to charilies preparfng their accounts in accordance with the Financial Reporting Stsndard
applicable In the UK and Republic of Iraland issued in October 2019, the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and UK Generally Accepted Accounting Practice.
Tru8te88 of the charfty
The trustees who have serve(I during the year were as follows:
Bro M Cleland
Bro H Botiomley
Bro S Nicholson
Bro J Morrow
Charlty r•f•rnnc• and admlnlstratlve detalls
Charity registration number: 102661
Reglstered office..
49 Main Street, Ballyclare, BT39 9AA
Independent examlner
GMCG, Chartered Accountants & Registered Audltor, 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:
Investment managers:
Objectlves and actlvltles
The objects of the Fund shall be deemed to afford assistancè to needy, deserving, destitute, or indigent
Freemasons or their families or the dependants of deceased Ffeemasons by grants of money or other such
means as the General Committee may find best sulted to the needs of the applicants.
Publlc beneflts
The provisions of benefits to achleving the purpose of the Trust's objectlves as follows..
To provide and afford in necessitous circumstances, financial asslstance by means of grants of
monies to eligible Freemasons or their families (wives. civil partners, sons. daughters, grandchildren)
to include the dependants (widow, civil partner, mother. daughter5. sons. grandchildren) of deceased
Freemasons for the relief of poverty and social exclusion.,
What the Trust does:
The Trust affords asslsiance to needy Freemasons or their families or the dependanls of deceased
Freemasons by grant of money or such other means as may be best suited to the needs of the
applicants.
Publlc beneflt slatement
The Trustees and General Committee of Belfast Masonlc Wldows, 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 that during 2023 Ihe charity has continued to provide Public Benefits Ihrough financial and olher
means of assistance.

Page 2
Belfast Masonic Widows, Fund
Annual Report of the Trustees and General Cornmittee (contlnu•d)
Yoar Endad 31 Dacombor 2023
Achlevement8 and performance
Total income for the year was £62,770 {2022.. £51.578). Investm8nts are held by Evelyn Brothers as
discretionary nominees. There has been a gain of £2.514 (2022: £78.890 loss) on disposals and revaluation
of investment assets. Total expenditure for the year amounted to £62.187 (2022: £65.630). The net income
for the year amounted to £3.097 (2022: net expenditure £92.942).
The Trustees and General Committee wlll report in (lue course on any changes to the investmenl strategy or
asset structure as necessary, to contlnue their 'duty of care, and to fuSfi1 their obligations in respect of the
underlying assets.
Flnanclal rev1￿ (Includlng resorves pollcy)
Raserves poll¢y
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 running costs which include
management, administration and support costs. Free reserves are those unrestricled reserves not
designated nor invested in fixed assets which are available for general use.
As at 31 December 2023, the charity has total funds of £1.240,799 (2022.. £1,237,702) of which endowment
funds are £1,071,335 {2022: £1,068,821) and unrestriGted furKls are £169,464 (2022: £168,881).
Fundlng
The Fund was not actively seeking subscriptions and donations, and funding was primarily from investment
income.
Plans for futuro perlod8
The Trustees and General Commiltee plan lo Continue 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 with
Belfast Masonic Charity Fund remains under review.
Structure, governance and managomont
Governin
document
The lund which was eslablished in 1873. Is governed by a constitution, and is registered as a charity wilh
The Charity Commlssion for Northern Ireland from 1 * June 2015.
Recruitment a
ointment induction and trainin
The present General Committee has been involve(l in the charity for a number of years and so are familiar
with its work. The General Committee regularly review the requirements of the charity and the possibility of a
need for additional trustees or members of the management commillee. Any new trustees or members of the
Management Committee would be elected by the General Committee. Appropriate training and induction is
available to all trustees and members of the Management Committee,
nis
tional stwcture and related arties
There are 3 trustees and a Management Commlttee. Jolnt Management Committee meetings are held with
the Belfast Masonic Charity Fund.
Risk mana
emenl
The Trustees and General Committee have assessed the major risks to whlch the charity Is exposed. In
particular those related to the operations and finances of the charity. and are sat15fied that systems are in
place to mltigale ari exposure to major rlsks. Where approprlate, systems or procedures have been
established to mitigate the risks the charity faces. Intemal control rlsks are mlnimised by the implementation
of procedures for aulhorisalion 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 ensu￿ that they continue to meet the needs of the charity.

Page 3
B•lfast Magonlc Vvldows. Fund
Annual Report of tho Trn8t•és and General Commlttee Icofttlnued)
Yèar Endèd 31 Dècember 2023
SIr￿tUr•. goveman¢• and mf4nag•ment (contlnued)
ie
Thére are 3 Iru8te8s and a Manau8rngnt Commlttee. Jolnt Management Commlttee meetlngs are held wllh
the Bella81 Masonlc Charlty Fund.
Rlsk m
The Trustees and General Commlttee have assessed the major rlsks to whlch the charlty Is exposed. In
partrcular those related to the operaiions and ljnances of the charlty, and are satisfied Ihat systamJ5 are In
place lo mStlg8te an exposure to major rlsk8. VKfftere appn>prlale, systems or procedures have been
establlshed to mlllgale the r18ks Ihe charlty faces. Internal control risks are mlnlmlsed by the Implemenlallon
ol procedures lor author18alion of 811 Irar￿a¢ll0n8 and pr*cts. Procedures aré in place to ensurè
¢ompllance with heallh and Safety of offK6r8. volunteers and appllcants. These procedures are perlodlcally
reviewed at least annually to 8nsure that they contlnua to meei the needs ol the charlty.
Trusl•es' and Gon•r•l CommlttO0'8 reopon8lbllltl6a
It 18 the re8ponBlbllty ol the Honorary Trea$ui•r. at th? beh68t of the Trusteas, to preparé financlal
81aiemant8 In 8c¢ordance wlth ?pp51c9ble law and Uniled Klngdorn Afxountlng Sl8nd8rds (United Klngdom
Generally Accepted Accounllng Pracllce).
The law appllcable to eharltles In Northem Ireland requlres the Iru8tee8 to prepare financlal slatemenls for
èach finan¢lal year whlch glve a Ifue ands falr vlew of Ihe state ol affalr8 01 Ihe charlty and of ihe In¢oming
resource8 and appllcatlon of re80urc88 of Ihe charlty fu perlod. In preparlng Ihese financial stalement8,
the trustees aro roqulrad to.,
8eleGI 8ultable accoun(Ing poll¢les and then oppty them ¢on¥lstentty;
ob8eNe the molhods and prlndpl88 In Ihe Charllles SORP 2019 {FRS 1021;
make Judgements and estimate8 that are feasonablo and prudent;
state whether oppllcable accounllng stsnd?￿S have been followed, subjecl to any material
dep8rture8 disdojed and oxplalned In the financlal 8tatemen18: and
prepare the finandal staiements on the golng concern basls unless 11 ts InapprO￿al6 to pre8um8
thal the cttarty wlll ¢ontinue In operatlon.
The Truslees and General Commlttee are re8ponslble for keeplng kyoper accounling records thai dlsclosè
with reasonable accura¢y al any lime ihe financlal poslllon of Ihe charlty and enable Ihem to en$ure that the
finandal 8tatements ¢omWy wllh the ¢h8rwes Act (Northern Ireland) 2008. Ihe Charftle8 {Ac¢ounts and
Report8) Regulatlon8 (Northem Ireland) 201 S And th8 provl8lon$ ol the trust deed. Th8y are also responslNe
lor Safeguarding the a88et8 of Ihe charity and h8n¢e for taklng reasonable 8teP8 for the prevention and
deleGtIDn of fraud and other Irregularltles.
The Tw8tees and G¢n¢ral Committee are responslble lor tho malntenance and Inte9rlty ol Ihe charlty and
flnancS8l Informatlon Included on th• chafty's web31te. Leglslatlon In Ihe United Kingdom wvwnlng the
pffjparatlon d188emlnallon of financlal statemenls m8y diffor from leglslatlon In otherlurlsdltlions.
On behalf of the Tw8lee8 and General Comltt
H Botlomley
Truste0

Page 4
Belfast Masonic Wldow8' Fund
Independent Exarnlnerfs report to the Trustees of Belfast Masonlc Wldows, Fund
Year Endod 31 December 2023
I report on the accounts of the charity for the year ended 31 St December 2023 which are set out on pages 5
to 17.
Respective responslblliti￿ of trustees and oxaminer
As the charity's trustees you are responsible for the preparation of the accounls in accordance with the
Charities Act (Northern Ireland) 2008.
It is my responsibility to-
examine the accounts under section 65 of the Charities Acl.
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.. and
slate whether particular matters have come to my attenlion.
8a818 of Independent examlner's report
I have examined your charity accounts as required under seclion 65 of the Charities Act and my examination
was carried out In accordance wlth the general Directions given by the Charity Commission for Norther
Ireland under section 65(9)(b) of the Charltles Acl.
My examlnatlon Included a review of the accounting records kept by the charity and a comparison of Ihe
accounts presenled with those records. It also induded ¢onsiderallon of any unusual items or disclosures in
the accounts and seekin9 explanations from you as charity trustees concerning any such matters,
My role is lo state whelher any material matters have come to my attention giving me cause to belleve:
1. That accounling records were not kept in accordance with section 63 of the Charities Act
2. That Ihe accounts do not accord with those accounting records
3. That Ihe accounts do nol comply with the accounling requirements of the Charities Act
4. Thal there is further information needed for a proper understsnding of the accounts lo be reached,
Ind•p•nd¢nt examlner'8 8tatement
I have completed my examination and have no concerns in respect of the matters (1) to (4) lisled 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,
B.J. Friar (Inde
ent Examiner)
Chartered Accounta
ts Ireland
Alfred House
19 Alfred Street
Belfast
BT2 8EQ
For and on behalf of
GMCG
Chartered Accountants & Statutory Auditors
Date: hff)A OC/)414I-

Page 5
Belfast Masonic Widows. Fund
Statement of Financial Activities
Year Ended 31 D￿ember 2023
Unrestrlcted Endowment
funds
funds
2023
Total
2022
Total
Noto
Income and endowments from:
Donaiions and legacies
Investments
7,248
55,522
7,248
55,522
12,052
39,526
Total Income and 0ndowm￿t8
62.770
62,770
51,578
Expendlture on:
Investment management costs
Charltable activitles
Other
7,843
$2,$44
1,800
8,609
55,221
1,800
52,$44
1.800
Total axpandltura
62.187
62,187
65.630
Net Incomo 1 (•xwndltura)
b￿ore galns l (loss￿> on
Investments
583
{14,052)
Net gain l(loss) on investments
2,514
2,514
(78,890)
N•t In¢om• l(•xpendltur•)
583
2,514
3,097
(92,942)
Transfer botween funds
Net movement In funds
14116
583
2,514
3.097
(92.942)
Reconclllatlon of funds:
Total funds brought forward
14115
168,881
1,068,821
1,237,702
1,330.844
Total funds carrled forward
14115
169,464
1,071,335
1,240.799
1,237,702
All income and expenditure derive from continuing activities.

Page 6
Belfast Masonlc Wldow8' Fund
Balance Shoot
31 December 2023
2023
2022
Noi•
Flx¢d as80ts
Investrnents
11
1.181,911
1,166,459
1,161.911
1.186,459
Curront 488èts
Debtors
Cash at bank and In hand
12
11,225
78.663
11.169
69.274
89,888
80,443
Credltorn: •mounl• lalllng du• whhln Oh• y•ar
13
(11,000>
19.200)
Net curient a•8•t•
78088
71.243
1.240.799
1.237,702
Charlty Fund8
Endowrnent funds
Permanenl endowment
Unro$iA¢ied lund$
14
14
1.071,336
169,464
1,068,821
168,881
Tolal ¢harfty fund8
1,240,799
1,237,702
The
nandel 8talernents wer& approved and authorlsed foT1&8ue by Ihe Trustees and General Commrtteè
.Zo)g&tr._and afe Signed on Iheir bohalf by.
H Boltomley
Tw61oe
rrusl

Page 7
Belfast Masonic Widows. Fund
statement of Cash Flows
Yoar Endod 31 DKember 2023
2023
2022
Note
Cash flow from op•ratlng actlvltlos
17
{53,195)
(57,5071
Not cash flow from operatlng actlvltle8
(53,195)
(57.507)
Cash flow from Investlng actlvltle8
Payments to acquire investments
Payments to acquire Investment property
Receipts from sales of investments
Rental income
Dlvidends and fixed Interest recelved
(34,038)
(73,071)
114,171
18,100
37,422
{167,059)
(2,391)
171,219
1,000
38,526
Not ¢a$h flow from Inv•$tlng actlvltles
62-584
41,295
Nat Incrwe IldKr•as•) In cash and cash equlvalents
9.389
(16,212)
Cash and cash •qulvalen18 at 1 January 2023
69,274
85,486
Cash and cash •qulvalent8 at 31 D8c•mb•r 2023
78,663
69,274

Page 8
Belfast Masonlc Wldows, Fund
Notes to tho Financial Statoments
Year Ended 31 December 2023
Summary of slgnfflcant accountlng pollcles
(a) General Informatlon and basls of preparation
Belfast Masonic Widows. Fund was established in 1873, Is governed by a constitution dated April
1986, and is recognised as a charity by The Charity Commlsslon for Northern Ireland. The address of
the registered office is given in Ihe charity information on page 1 of these financial statements. The
nature of the charity's operations and principal activities are deemed to be affording assistance to
needy, desenrfing, deslitute, or indigent Freemasons or thelr famllles or the dependants of deceased
Ffeemasons by granls of money or other such means as the General Committee may find best suited
lo the needs of the applicants.
The charity conslltutes a public benefit entity as defined by FRS 102.
liance
The financial statements have been prepared in accordance wlth applicable accountlng standards.
Accounling and Reporting by Charities: Statemenl of Recommended Practice applicable to charities
preparing their accounts in accordance wlth the Flnancial Reporting Standard applicable in the UK and
Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the Unlted
Kingdom and Republic of Ireland (FRS 102), the Charities Act (Northern Ireland) 2008. Charities Act
(Northern Ireland) 2013, The Charilies (Accounts and Reports) RegLtlatlons (Northem Ireland) 2015
and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going concern basis under the historlcal cost convention,
modified to include certain items at fair value.
The financial statements are prepared In sterllng which Is the funcllonal currency of the charlty and
rounded to the nearest £.
The significant accounting policies applied in the preparation of Ihese flnanclal statements are set out
below. These policies have been consistently applied to all years presented unless otherwise stated.
(b) Funds
Unrestricted ￿ndS are avallable for use at the discretion of the trustees in furtherance of the general
objectives of the charity and whlch have not been designated for other purposes.
Endowment funds represent those assets which 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 capital gains or losse5 arising on
the investments form part of the fund.

Page 9
Balfast Masonlc Wldow8' Fund
Notes to the Financial Staternents (continu￿)
Year Ended 31 December 2023
Summary of $19nlflcant accountlng po15cles (contlnueo)
(c) Income recognltlon
All income is included in the Statement 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 included in the financial statements for volunteer time In lin8 wilh the SORP (FRS 102).
Further detail is given in the Trustees, Annual Report.
For legacles, entitlement is the earlier of the charity belng notified of an impending dislrlbution or the
legacy belng received. Al this point income is recognised. On occasion legacies will be notified to the
charlty however it is not possible to measure the 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 inlerest. Where it Is not practicable lo identify investment management costs
incurred within a scheme wilh reasonable accuracy the inveslment income is reported net of these
costs. It is induded when the amount can be measured reliably. Inlerest income is recognised uslng
the effective interest method and dividend Income Is recognised as the charlty's right to recelve
payment is established.
(d) Exponditure r•cognltlon
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 obl￿atIon to make payments to third parties, it is probable that the settlement will be
required and the amount of the obligation can be measured reliably. It is categorised under the
following headings:
Expenditure on charitable activities includes actlvitles undertaken directly and related support
costs; and
Other expendilure represents those Ilems nol falllng Into the categorles above.
Grants payable to third parties are within the charltable objectives.
(e) Support costs allocatlon
Support costs are those that assist the work of the charity but do rbot directly represent charitable
actlvltles and Include office costs, governance costs and administralive payroll costs. They are
incurred dlrectly In support ol expenditure on the objects of the charity.
{fj Investmonts
Inveslments are recognised initially at fair value which is normally the transactlon price excluding
transaction costs. Subsequenlly, they are measured at fair value with changes recognised in 'net
gains l (losses) on investments, in the SOFA rf the shares are publicly traded or their fair value can
otherwise be measured reliably. Other investments are measured at cost less impairment.
Investment properties are measured al fair value at each reportlng date wlth changes in fair value
recognised in 'net gains l (losses) on investments, tn the SOFA.
Current asset Investments are short term highly Ilquid investments and are held at fair value. These
include cash on deposit and cash equivalents with a maturity of less than one year.

Page 10
Belfast Masonlc Wldows, Fund
Notes to the Financial Statements (contlnu¢d)
Year Ended 31 December 2023
Summary of Significant accountlng policies (continued)
{g> Debtor8 and credltors recelvable I payable wlthln one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are
recorded at transaction price. Any losses arising from impainnent are recognised in expenditure.
(h) Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at
each balance sheel dale. If such indication exists, the recoverable amount of the asset, or the asset's
cash generatlng unll. Is estimated and compared lo the carrying amount. Where the carrying amount
exceeds Its recoverable amount, an impairmenl loss is recognised in the SOFA unless the asset is
carried at a revalued amount where the impairmenl loss is a revaluation decreas8.
(l) Lea8e8
Renials payable and receivable under operatlng leases are charged to the SOFA on a straight lin8
basis over the period of the lease.
U) Tax
The charity is a registered charity, and as such is entitled to 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 ¢onc•rn
The financial statements have been prepared on a going concern basls as Ihe truslees believe that no
material uncertainties exist. The trustees have considered the level of funds held and the expected
level of income and expendrture for 12 months from authorising these financlal statements. The
budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to
continue as a going concern.

Page11
Belfast Masonic Widows, Fund
Notes to the Financial Ststements (¢ontlnu¢d
Y•ar Endèd 31 Daeember 2023
Income from donations and legacios
2023
2022
Subscriptions and donations
Bequests
7,248
7,052
5.000
7,248
12,052
Income from donations was £7.248 (2022 - £12,052) and was attributable to unrestrlcted fun(Is.
Income from Inveslments
2023
2022
Dividends and fixed interest
Rental income
37,422
18,100
38,526
1,000
55,522
39,526
Income from investments was £55.522 (2022 - £39,526) and was allributable to unrestricted funds.
Investment management co8t8
2023
2022
Investment manager fees
7,843
8,609
£7,843 (2022 - £8.609) of the above costs were attributable to unrestricted funds.

Page 12
Belfast Masonlc Wldows, Fund
Notos to thé Flnanclal Statsm•nts (continued)
Year Ended 31 Decomber 2023
Analys18 of expendlture on charltable actlvltle8
Charltable activfties 2023
Activities
undertaken
directly
Support
costs
Total
Financial assistance to needy Freemasons and their
famllies
29,590
22,954
52,544
Charitable activities 2022
Activities
undertaken
directly
Support
costs
Total
Flnanclal asslstance to needy Freemasons and Iheir
families
31,917
23,304
55,221
£52,544 {2022 - £55,221) of the above costs were attributable to unrestricted funds
Analy81s of support costs
2023
2022
Support costs
Office administration cosls
Other
8,150
14,804
8,100
15,204
Tolal
22,954
23,304
Gov•mance co8t8
2023
2022
Independent examiner
1,800
1,800
Analysls of grants
2023
2022
Grants lo individuals
Financial assistance to needy Freemasons and their families
29,590
31,917

Page 13
Belfast Masonic Widows. Fund
Not8s to the Flnanclal Statements Icontlnu•d)
Year Ended 31 December 2023
Not Income l {expendlture) for the year
Net income l (expenditure) is stated after charging l (crediting):
2023
2022
Realised (gain)Iloss on disposal of investments
(1,271)
4,330
Unrealised (gainyloss on fair value movement of investments
(1,243)
74,560
10 Truste￿, and key managemont personnel r•munoratlon and axpens
The Iruslees neither received nor waived any remuneratlon durlng Ihe year (2022: £Nil).
The key management personnel are considered to be the truslees and management committee. The
total amount of employee benefits received by key management personnel is £NII (2022 - £Nil}.
The relmbursement of Commiiiee members, expenses was as follows:
2023
2022
Travel
Office administralion costs
Research
900
8,150
400
900
8,100
765
9,450
9,765

Page 14
Belfast Masonlc Wldows, Fund
Notes to tho Flnanclal Statemonts (continued)
Yoar Ended 31 Decomber 2023
11
Flxed a88et Investments
Imiestment
Llsted
Propety investments
Total
Valuatlon
At 1 January 2023
Additions
Diskh)sals
Revaluatlon
238,231
73,071
928,228 1,166,459
34,038
107,109
{112,900) (112,900)
1,243
1,243
At 31 December 2023
311,302
850,609 1,161,911
Impalmiont
At 1 January 2023 and 31 December 2023
Carrylng amount:
At 31 D•cemb•r 2023
311,302
850,609 1,161,911
Al 31 December 2022
238.231
928,228 1,166,459
Investments at fair value compromise:
2023
2022
Equities
Alternative investments
Bonds
$81,513
192,200
76,896
652,146
235,744
40.338
850,609
928,228
The fair value of listed investments is determined by reference to the quoted price for identical assets
in an active market al the balance sheet date.
Investment property is measured at market value al each reporting date.
12 Debtors
2023
2022
Other debtors
11,225
11,169

Page 15
B•lfast Masonlc Wldows, Fund
Notes to the Financial Activitles {contlnu8d)
Year Ended 31 December 2023
13 Crnditor8: amounts falling duo within one yoar
2023
2022
AccNals
11,000
9.200
14 Fund r¢¢onclllatlon
Unre8trl¢t•d funds
Balance at
1 January
2023
Gains I
Balance at
Income Expenditure (losses) Transfers 310ecemb¢r
2023
Unrestricted
168,881
62,770
(62,187)
169,464
Balance at
1 January
2022
Gains I
Income Expenditure (losses> Transfers
Balance at
31 December
2022
Unrestrlcte
182,933
51,578
(65,630)
168,881
Unrestrtcted funds are available for use at the discretion of the trustees In furthèrance of the general
objectlV8s of the charfty and whlch have nol been designated for other purposes.
Endowment fund8
Balance al
1 January
2023
Gains I
Balancè at
(losses) Transfers 31 Decombèr
2023
Income Expenditure
Endowment fund
1,068,821
2,514
1,071,335
Balar¢e at
1 Jarnjary
2022
Gains I
Balance at
(losses) Transfers 31 December
2022
Incom8 Expenditure
Endowment fund
1,147.711
(78,890)
1,068,821
Endowment funds represent those assets which must be held permanently by the charity, principally
as fixed asset investments,

Page 16
Belfast Masonlc Wldows. Fund
Notss to the Financlal Actlvltles (continued)
Year Ended 31 Decambar 2023
15 Analysls of not assets betwaon funds
Unrestricted Endowment
funds
funds
2023
Total
Fixed assets
Cash
Other current assets
90,576
78.663
225
1,071,335
1,161,911
78,663
225
Total
169.464
1.071.335
1.240.799
Unrestricted Endowrn8nt
funds
funds
2022
Total
Fixed assets
Cash
Other current liabilities
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
16 Reconclllatlon of n•t •xpondltur• to n•t cash flow from oporatlng actlvltlos
2023
2022
Net incomel{expenditure) for year
3,097
(92,942)
Dividends and fixed Interest received
Rental income
(Gain)ILoss on investments
(Increase) In debtors
Increase in creditors
(37,422)
(18,100)
(2.514)
(56)
1,800
{38.526)
(1,000>
78,890
(5,729>
1,800
Net cash flow from operatlng actlvlties
<53,195)
{57,507)

Page 17
Belfast Masonlc Wldows, Fund
Notes to the Financial Activities (contlnuod)
Year Ended 31 December 2023
17 Related party transactlons
Belfast Masonic Charity Fund is deemed to be a related party as It Is also under the control of the
trustees.
At the year4nd Belfasl Masonic Charily Fund owed Belfast Masonic Widows, Fund £7,800 (2022
£10,050).
18 Ethlcal Standard
In common wtth many other charilles of our slze and nature we use our independent examiner to
prepare and submlt retums lo the tax authoritles and assist with the preparation of the financial
statements,