BELFAST MASONIC WIDOWS, FUND
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024
Charity registration number: 102661

Belfast Masonlc Widow3, Fund
Flnancial Statements
Year Ended 31 Docembor 2024
Content8
Page
Annual Report of the Trustees and General Committee
Independenl Examlner's Report
Statement of Financlal Activitles
Balance She8t
Stalement of Cash Flows
Notes to the Financial Statements

Belfast Masonlc Wldows. Fund
Page 1
Annual Report of the Trustees and General Committee
Year Ended 31 December 2024
The Trustees and General Committee have pleasure in presenting thelr ￿port and the unaudited financial
statements of the charity for the year ended 31 December 2024. The Trustees and General Committee have
adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by
Charities. (FRS 102) in preparing the annual report and financial statements of the charity.
The financial statements have been prepared In accordance wlth the accounting policies set out in notes to
the financlal statements and comply with the charily's governing document, the Charities Acl (Northern
Ireland) 2008, Charlties Act {Northern Ireland) 2013, the Charitie5 (Accounts and Reports) Regulatlons
(Northern Ireland) 2015. Accounting and Reporting by Charities: Statement of Recommended Practice
applicable to charlties preparing their accounts in accordance with the Financial Reporting Stsndard
applicable in the UK and Republic of Ireland issued In October 2019. the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and UK Gen8rally Accepted Accounting Practice.
Trustees of the 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 rnference and admlnl8tratlve detalls
Charity registration number: 102861
Reglstered office:
49 Main Street, 82llyclare, BT39 9AA
Independent examiner
GMCG, Chartered Accountants & Registered Audltor, Alfred House,
19 Alfred Street, Belfast, B T2 8EQ
Hewitt & Gilpin. 8 High Street, Holywood, BT18 gAZ
AIB, 11115 Donegall Square North, Belfast, BT15GB
Evelyn Partners, The Ewart, 3 Bedford Street. Belfasl, 8T2 7EP
Sollcltor..
Bankers:
Investment managers..
ObJ•ctlve8 and actlvftles
The objects of the Fund shall be deemed to afford assistance to needy, deserving, destitute, or indigent
Freemasons or their famllles or the dependanls of deceased Freemasons by grants of money or other such
means as the General Committee may find best suited to the needs of the appllcants.
Publlc bengflts
The provislons of benefits to achieving the purpose of the Trust's objectives as follows:
To provide and afford In necessitous circumstarlces, financial asslstance by means of grants of
monies to eligible Freemasons or their families (wives, civil partners. sons. daughters, grandchlldren)
to include the dependants (wldow. clvll partner, mother, daughters, sons, grandchildren) of deceased
Freemasons for Ihe relief of povety and social exdusion;
What the Trust does:
The Trust affords assistance to needy Freemasons or their familles or the dependants of deceased
Freemasons by grant of money or such other means 85 may be best suited to the needs of the
applicants.
Publlc benoflt statement
The Trustees and General Committee of Belfast Masonlc Widows, Fund confirm that they have had due
regard for the guidance on Publlc 8en8fit by the Charity Commission for Northern Ireland and a￿ pleased to
report that during 2024 the charlty has continued to provide Public Benefits through financial and other
means of assistance.

Belfast Masonlc Widows, Fund
Page 2
Annual Report of thè Trustoos and General Committee (continued)
Year Ended 31 December 2024
Achiovemonts and perfornian¢6
Total income for the year was £82,123 (2023: £62.770). Investments a￿ held by Evelyn Brothers as
discretionary nominees. There has been a loss of £10.094 (2023.. £2,514 galn) on disposals and revaluation
of investment assets. Total expenditure for the year amounteil to £56,403 (2023: £62,187). The net income
for the year amounted to £16,626 {2023: net income £3,097).
The Trustees and General Committee will report in due course on any changes to the Investment strategy or
asset structure as necessary, to conlinue their 'duty of car8, and to fulfil their obligallons in respect of the
underlying assets.
Flnanclal revlew (Includlng rnserves policy)
Resorv08 poIIcy
It Is the policy of the charity to maintain free reserves which matches Ihe needs of Ihe fund, both at the
current time and in the foreseeable future, This provides SUff￿lent funds to cover running costs which include
management, administration and support costs. Free resepies are those unrestricted reserves not
designated nor Invested in fixed assets which are available for general use.
As at 31 December 2024, the charity has tolal funds of £1,257,425 (2023.. £1.240.799) of which endowment
funds are £1,135,787 (2023: £1,071,335) and unrestrlcted funds are £121,638 (2023.. £169,464).
Fundlng
The Fund was not actively seeklng subscriplions and donations, and fundlng was prSmarlly from investment
Income.
Plan$ for futur• p•rlods
The Trustees and General Committee plan to continue to provlde financlal assistance and support lo
brethren or their familles in need under the temis of the rules of the Fund. The merger of the fund wlth
Belfast Masonic Charity Fund remalns under review.
Structure, governance and managom•nt
overnin
ocument
The Fund whlch was establlshed in 1873, is governed by a constltullon, and is registered as a charity wlth
The Charity Commisslon for Northern Ireland from 111 June 2015.
Itment a
ointment Ind ctlon and tr Inln
The present General Committee has been involved in the charity for a number of years and so are famlllar
with its work. The General Commitlee regularly review the requirements of the charity and the possibility of a
need for additional trustees or members of the management commlttee. Any new trustees or members of the
Management Committee would be elected by the General Committee. Appropriate trainlng and Induction Is
available to all trustees and members of th8 Management Committee.
anisation
I structure an
related rties
There are 4 trustees and a Management Committee. Joint Management Committee meetings are held with
the Belfast Masonic Charity Fund,
Risk mana
ement
The Trustees and General Committee have assessed the major risks to which the charity is exposed. In
particular those related to the operatlons and finances of the charity and are satlsfied that systems are in
place to mitigate an exposure to major risks. Where appropriate. systems or procedures have been
establlshed to mitigate the risks the charity faces. Internal control risks are minimised by the implementation
of procedures for aulhorisation of all Iransactions and projects. Procedures are in place lo ensure
compliance wlth health and safety of officers, volunteers and applicants. These procedures are perlodically
reviewed al least annually to ensure that they continue to meet the needs of Ihe charity.

B•lf8•t Masonic Widows. Fund
Page 3
Annual Report of the Truste•8 and Genoral Committ00 Icontlnued)
Year Ended 310ecemhr 2024
Tru8l•as' and Ggn•ral CommlttM'¥ rospon$lbllltl•¥
It Is the responslbillty of the Honorary Treasurer. at the behest of the Truste•s, to prepare financial
statemenls in aCCordar￿ with applicable I￿• and United Kin9dorn Accounting Standards (Uniled Kingdom
Generally Accepted Accounting Practice).
The law appllcable to charitie3 in Northern Ireland requires the trustees to prepare financial statemenls for
each financlal yèar which give a true ands fair view of the state of affairs ol the charfty and of the Incorning
resources and application of resources of thè charity for that period. In preparing these financial statemonls,
the trusiees are required to..
select suitable accounting Policies and then apply ihem con8lStentSy',
obserée the methods and piinciples In the Charilies SORP 2019 (FRS 1021.,
make Judgements and estimates that are reasonable and prudent;
gtate whether gpplicablg accounling standards hav• b•en followed, gubiect to any material
departures dlsclosed and explained in the financial staternnts; and
prepare the financial statemenls on the going concem ba61s unless It is Inappropriate io presume
that the charity will contlnue in operatlon.
The Truste8$ and General Committee are responslble for keeping propef accounting records that disclos•
with reasonab18 accuracy at any time Ihe financial position ol the eharity and enable them to ensure thal Ihe
fmanck41 statements comply with the Charilles Act (Northern Ireland) 2008, the Charities {Accounts and
Reports) Regulations (Northern Iroland) 201 S and the provisions of the Irust deed. They are atso responsible
fol safeguardin9 the assets of the charity and hence for taking reasonable steps lor the prevention and
detection of fraud and olhef Irregularitt•S.
The Trustees and Gen8ral Cornmittee are responsible for the maintenance and integrity of the charity 8nd
financial Inforrn81ion included on the charity'8 website Legislation in the United Kingdom governing the
preparalion dissemination of financial statements may drt￿r from legislation in olherluriJdi¢iions.
On behalf of the Trustees and General Committee
J Mo((ow
Tiusiee
offl4 FoTr<

Belfast Masonlc Widows, Fund
Page 4
Independent Examlner's report to the Trustees of Belfast Masonic Wldows, Fund
Year Ended 31 Docember 2024
I report on the accounts of the charity for the year ended 31 St December 2024 which are set out on pages S
to 17.
Respectlve responslbilltles of trustees and examlner
As the charily's trustees you are responsible for the preparation of the accounts in accordance wlth the
Charities Act (Northern Ireland) 2008.
It Is my responslbility lo:
examine the accounts under section 65 of Ihe Charlties Act;
follow the procedures lald down In the general Directions given by the Charily Commlssion for
Northern Ireland urKler section 65(gxb) of the Charities Act,. and
state whether particular matters have come to my attention.
Basls of Indepondont examlnerfs report
I have examined your charity accounts as required under section 65 of the Charities Act and my examination
was carried out in accordance with the general Directions given by the Charity Commission for Northern
Ireland under section 65(9)(b) of the Charltles Act.
My examlnation included a review of the accounting records kept by the charity and a cornparlson of the
accounts presented wlth those records. It also induded consideration of any unusual items or disclosures in
the accounts and seeking explanatlons from you as oharity trustees concerning any such matters.
My role is to state whether any materlal matters have come to my attention glvlng me cause to believe:
1. That accounting records were not kept in accordance with section 63 of the Charlties Act
2. That the accounts do not accord with those accounting records
3. That the accounts do not comply wlth the accounting requlrements of the Charities Act
4. That there Ss furthar Informalion needed for a proper understanding of the accounts to be reached.
Independ•nt examlnerf8 Stat•m•nt
I have completed my examination and have no concerns In respect of the matters (1) to (4) Ilsted above and,
In connection with followlng the Directions of Ihe Charlty Commlssion for Northem Ireland, I have found no
matlers that require drawlng to your attention.
B.J. Friar (In
Chartered Acco
ndent Examiner)
nls Ireland
Alfred House
19 Alfred Street
Belfast
BT2 8EQ
For and on behalf of
GMCG
Chartered Accountants & Statutory Auditors
Date:
)f44 fihl fvF<

Belfast Masonic Widows. Fund
Page 5
Statement of Financial Actlvities
Year Ended 31 Docember 2024
Unrestrfcted Endowment
funds
funds
2024
Total
2023
Total
Nole
In¢om• and endowmentg from:
Donations and legacies
Investments
Other
9,015
56.632
16,876
9,61 S
56,632
18,876
7,248
55,522
Total 5ncome and frndowments
83.123
83,123
62,770
Expondlture on:
Investment management costs
Charitable aGtlvlties
Other
7,214
47,389
1,800
7,214
47,389
1,800
7.843
52,544
1,800
Total •xp•ndltur•
56,403
56,403
62.187
Net Income bofor• gains l (108883)
on Inv¢stm•nt8
26.720
26,720
583
Net (lossygain on Investrnents
10
(10,094)
(10,094)
2,514
N•t InMmo
26,720
{10,094)
16,626
3,097
Transfer bthoen funds
(74.546)
74.$46
N•t mov•m•nt In fund8
15116
(47,826)
64,452
16,626
3,097
R•con¢lllatlon of funds:
Total funds brought forward
1S116
169,464
1,071,335
1,240,799
1,237,702
Total fund8 carrled forward
15116
121,638
1,135,787
1,257,425
1,240,799
All income 2nd expenditure derive from contlnuing activities.

B•lfast Ma$onlc Wld¢)ws' Fund
Page 6
Balance Sheet
31 D•￿mber 2024
2024
2023
Note
Flx•d a890ts
Investments
12
1,135,787
1,161.911
1,135,787
1,161.911
Current a880ts
Deblors
Cash at bank and in hand
13
25,394
100,044
11,225
78,663
125A38
89.888
Cr•dftorn: amounts falllng du• wlthln on• y•ar
14
13,800)
(11,000)
N•t current a$J•t•
121.638
78,888
Net a8s•ts
1,267,425
1,240,799
Charlty Funds
Endowment funds
Permanent endowmenl
Unrestrlcted funds
18
15
1,135,787
121,638
1,071,335
169.464
Total ch•rbty fund8
1357,426
1,240,799
The fi
ncial 3talemenls we
4•4....O.t).l.. approved and aulhorlsed for i$$ue by the Trustees and General Committee
and are signed on their behalf by.
J Morrow
Trustee
Ison
Truslee

Belfast Masonlc Widows, Fund
Page 7
Statement of Cash Flows
Year Ended 31 December 2024
2024
2023
Note
Cash flow from operatlng actlvlll•s
17
(51,2811
(53,195)
Not cash flow from operating a¢tlvltle8
(51,281)
(53,195)
Cash flow from Investlng actlvltles
Payments to acquire Investments
Payments to acquire investment property
Recelpts from sales of Investments
Rental income
Dividends and flxed interest received
(67,018)
(2,990)
86,038
19,000
37,632
(34,038)
{73,071)
114,171
18.100
37.422
Net ca8h flow from Investlng actlvltlos
72,662
62,584
Net Incr8a8• In cash and ca8h equlval•nts
21,381
9,839
Cash and cash •quSvalents at 1 January 2024
78,663
89,274
Cash and cash •qulvalènt8 at 31 Docembor 2024
100,044
78.663

Belfast Masonic Widows, Fund
Page 8
Notes to tho Financial Statements
Year Ended 31 Dècember 2024
Summary of signlflcanl accountlng pollcle8
(a) General Infomatlon and ba8ls of prèparatlon
Belfast Masonic Widows, Fund was established in 1873, is govemed by a constitution dated April
1986, and is recognised as a charity by The Charity Commission for Northern Ire18nd. The address of
the reglstered office is given in the charlly infomation 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, deserrflng, deslitute. or indigent Freemasons or their families or the dependanls of deceased
Freemasons by gr8nts of money or other such means as the General Commitlee may find best suited
lo the needs of the applicants.
The charity constitutes a public benefit entity as defined by FRS 102.
Statemenl of Com
liance
The financial statements have been prepared in accordance wlth appllcable accountlng standar(Is,
Accounting and Reportlng by Charities.. Statement of Recommended Praclice applicable to charilles
preparlng their accounts in accordance with the Flnancial Reportlng Standard applicable in the UK and
Republlc of Ireland issued in October 201g, the Financial Reporting Standard applicable in the Unlled
Kingdom and Republic of Ireland (FRS 102), the Charltles Act (Northern Ireland) 2008, Charities Act
(Northern Ireland) 2013, The Charities (Accounts and Reports) Regulatlons (Northern Ireland) 2015
and UK Generally Accepted Accounting Pracllc8.
The financlal statements are prepared on a golng concem basis under the hlstorlcal cost convention,
modrfied to include certain items at fair value.
The financial statements are prepared in sterling whlch Is the functlonal currency of the charity and
rounded to the nearest £.
The significant accounting policies applied in Ihe preparatlon of these financlal statements are set out
below. These policies have been consistently applied to all years presented unless otheThvlse staled.
(b) Fund8
Unrestricted funds are available for use ai the dlscretion of the trustees In furtherance of the general
objectives of the Charity and which have not been designated for other purposes.
End0Y￿ent funds reP￿sent 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
th8 objects of the charity and Is include(l as unrestricled income. Any capital gains or losses arising on
the Investments form part of the fund.

Page 9
Belfast Masonlc Widow8. Fund
Notos to the Financial Statements (contlnued)
Year Ended 31 Dècember 2024
Summary of slgnlflcant accountlng pollcles (contlnued)
(c) Income recognltlon
All income is included in the Statement of Financial Aclrvities (SOFA) when Ihe charity is legally entitled
to the income after any performance conditions have been met, the amount can be measured rellably
and it is probable that the Income will be received.
No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102).
Further detail is given in the Trustees, Annual Report.
For legacies. entitlement Ss the earlier of the charity being notified of an impending dlstribution or the
legacy being received. At this polnt income is recognised. On occasion legacies will be notifie(J to the
charity however it is not posslbla to measure the amount expected to be distributed. On Ihese
occasions, the legacy is treated as a contlngent asset and disclosed.
Investment income is earned through holding assets for Investment purposes such as shares. It
Sncludes dividends and interest. Where rt is not practicable to identify investment management costs
incurred within a scheme with reasonable accuracy the investment income is reported net of these
costs. It Is included when Ihe amount can be rneasured rellably. Interest income is recognised using
the effective interest method and dividend income is recognised as the charity's right to receive
payment Is established.
{d) Exp•ndlture r¢¢ognltlon
All expenditure is accounted for on an accruals basis and has been classified under headings that
aggregate all costs related to the category. Expendlture is recognlsed where there is a legal or
constructive obligation to make payments to thlrd parties, it is probable that the settlament will be
requlred and the amount of the obligation can be measured reliably. It Is categorised under the
followlng headings:
Expenditure on charitable actlvltles includes activities undertaken dIre￿lY and related support
cosls: and
Olher expendlture represents Ihose items not falllng Into the categories above.
Granls payable to third parties are withln the charltable objectives.
{•) Support costs allocatlon
Support Costs are those that assist the V￿rk of Ihe charity bul do not directly represent charitable
aclivilies and include office costs. governance costs and adminlslralive payroll Cosls. They are
incurred dlr8cUy in support of expendlture on the objects of the charity.
(fj Investments
Investments are recognlsed initially at fair value which is normally the transaction price excluding
transaction costs. Subsequently, they are measured at fair value with changes recognlsed in 'net
gains I (losses) on inveslment5' in the SOFA if the shares are publlcly traded or their falr value can
otherwise be measure(I reliably. Other Investments are measured at cost less impairment.
Investment properties are measured at fair value at each reporting date with changes in fair value
recognlsed in 'net gains l (losses) on investments, in the SOFA.
Current asset investments are short term highly liquid Investments and are held at fair value. These
include cash on deposit and cash equivalents with a maturity of less Ihan one year.

Page 10
Belfast Masonic Widows, Fund
Notes to the Flnanclal Statements (contlnued)
Year Endod 31 December 2024
Summary of slgnlflcant accountlng pollcles {¢ontlnued)
(g) D•blors and cr•ditors re￿1vable I payabl• wlthln on• year
Debtors and creditors with no stated interest rate and recelvable or payable wilhin one year are
recorded at transactlon price. Any losses arising from impairment are recognised in expenditure.
(h) Impalmient
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at
each balance sheet date, If such indication exists, the recoverable amount of the assel. or the asset's
Cash generaling unlt. is estimated and compared to the carrylng amount. Where the carrying amount
exceeds its recoverable amount, an impairment loss is recognised In the SOFA unless the asset is
carried al a revalued amount where the Impairment loss is a revaluatlon decrease.
(l) Lea808
Rentals payable and receivable under operating lease3 are charged to the SOFA on a slraight Ilne
basis over the period of the lease.
U) Tax
The charity Is a registered charity, and as such is entitled to certain tax exemplions on income and
gains from inveslments, and surpluses on any Irading activities carried out in the furtherance of the
Charity's primary objectives, rf these gains and surpluses are applled solely for charilable purposes.
The charity is not reglstered for VAT and, accordingly, all thelr expenditure 18 induslve of any VAT
incurred.
(k) Golng conrArn
The f7nancial statements have been prepared on a going concern basis as the trustees believe that no
materlal uncertalntles exist. The trustees have considered the level of funds held and the expected
level of income and expenditure for 12 months from authorising these flnancial statements. The
budgeted income and expenditure is sufficient wlth the level of reserves for the charlty to be able to
continue as a going concern.

Page11
Bèlfast Masonic Widows, Fund
Not08 to the Financlal Statements (¢ontlnu¢d)
Year Ended 31 Dècemb•r 2024
Income from donatlons and lega¢les
2024
2023
Subscriptions and donations
9,615
7,248
Income from donations was £9,615 (2023: £7,248) and was attrlbutable to unrestrlcted funds.
Incomo from Investmonts
2024
2023
Dlvidends and fixed interest
Rental income
37,632
19,000
37,422
18,100
56,632
55.522
Income from Investments was £56,632 (2023: £55,522) and was attributable lo unreslricted funds.
Other Income
2024
2023
Servlce charges recelvable
16.876
Other irKome was £16,876 {2023: £Nil) and was attrlbutable to unrestricted funds.
Invostment management costs
2024
2023
Investment manager fee8
7,214
7,843
£7,214 (2023: £7,843) of the above costs were attribulable to unrestrlcted funds,

Pag8 12
Belfast Masonlc Widows. Fund
Notes to tho Financial SLiternents (contlnued)
Year Ended 31 December 2024
Analysi8 of expèndl¢ur• on charltable activltl¢8
Charltablo actlvltles 2024
Activities
undertaken
directly
Support
costs
Total
Financial assistance to needy Freemasons and their
families
21,535
25,854
47,389
Charitable activities 2023
Acllvities
undertaken
directly
Support
costs
Total
Financial asslstance to needy Freemasons and their
familles
29,590
22,954
52,544
£44,18212023: £52,544) of the above costs were attributable to unrestricted funds
Analy818 of 8UPPOrt costs
2024
2023
Support costs
OffKe administration costs
Other
8,500
17,354
8,150
14,804
Total
25,854
22,954
Govèrnance cost8
2024
2023
Independent examiner
1,800
1,800
Analysls of grants
2024
2023
Grants
individual
Financial assistance to needy Freemasons and their families
21,535
29,590

Page 13
Belfast Masonlc Widows. Fund
Notes to tho Financial Statements {con¢lnuedl
Year Ended 31 December 2024
10 Net Income for the year
Net Income Is stated after charging l (crediting),,
2024
2023
Realised {galn)Iloss on disposal of listed investments
(1,494)
(1,271)
Unrealised {gainyloss on fair value movement of listed investments
(2,704>
(1.243)
Unreallsed loss on fair value movement of investment property
14,292
11 Trustees, and key management personnel r•muneratlon and oxponseg
The trustees nelther recelved nor waived any remuneralion during the year (2023,. £Nil).
The key management personnel are consldered to be the trustees and management committee. The
total amount of employee benefits received by key management personnel is £Nil (2023.. £Nil).
12 Fixed a8$0t Investments
Investment
Listed
Property investments
Total
Valuatlon
At 1 January 2024
Addltlons
Disposals
Revaluation
311,302
850,609 1,161,911
67,018
70,008
(84,544) (84,S44)
2,704 (11,588)
(14,292)
At 31 Decembor 2024
300,000
835.787 1,135,787
Impalmient
At 1 January 2024 and 31 Decembor 2024
Carrylng amount:
At 31 Decembor 2024
300.000
835,787 1,135,787
At 31 December 2023
311,302
850,609 1,161,911

Pag8 14
Belfast Masonlc Widows, Fund
Notes to the Financlal Statemonts (contlnued)
Year Ended 31 December 2024
12 FIX￿ assèt Investments (contlnued)
Inveslments at falr value compromise:
2024
2023
Equities
ternative investments
8onds
609,617
123,375
102,795
835,787
581,513
192.200
76,896
850,609
The fair value of listed investments is determined by reference to the quoted price for Identical assets
In an actlve market at the balance sheel date.
Investment property is measured at market value at each reporting date.
13 D•btors
2024
2023
Other debtors
25,394
11,225
14 Credltors: amounts falllng due wlthln one year
2024
2023
Accruals
3,800
11,000

Pag8 15
Belfast Masonic Wldows, Fund
Not88 to the Financlal Actlvltles {contlnued)
Year Ended 31 Decomber 2024
15 Fund reconclllatlon
Unrastrlcted funds
Balance at
1 January
2024
Gains I
Income Expendlture (losses)
Balance at
Transfers 31 Decèmber
2024
Unrestricted
169,464
83.123
{56,403)
(74.546)
121.638
Balance at
1 January
2023
Gains I
Income Expendltura (losses) Transfers
Balance at
31 December
2023
Unrestricted
168,881
62,770
(62,187)
169,464
Unrestricted funds are available for use at the discretion of the trustees In furtherance of the general
objectlves of the charity and whlch have not been designateil for olher purposes.
Endowmènt fund8
Balance at
1 January
2024
Gains I
Balance at
(losses) Transfers 31 D•¢•mber
2024
Income Expendlture
Endowmenl fund
1,071,335
(10,094)
74,548
1,135,787
Balance at
1 January
2023
Gains I
Balance at
(losses) Transfers 31 December
2023
Income Expenditure
Endowment fund
1,068,821
2,514
1,071,335
Endowment funds represent those assels which must be held permanently by the charlty, principally
as fixed asset Investments.
Transfers
£74,546 was transferred from unrestrlcted funds to endowment funds.

Page 16
Belfast Masonlc Widows, Fund
Notss to the Financial Activitles {contlnued)
Year Ended 31 December 2024
16 Analysi8 of net assets between funds
Unresiricted Endowment
funds
funds
2024
Total
Fixed asset investments
Net current assets
1,135,787
1,135,787
121.638
121,638
Total
121,638
1,135,787
1,257,425
Unrestricted Endowment
funds
funds
2023
Total
Fixed assets
Net current assetsl(liabilities)
1,161,911
(90,576)
1,161.911
78.888
169,464
Total
169,464
1.071.335
1,240,799
17 Reconclllatlon of n•t Income to n•t cash flow from operatlng actlvltles
2024
2023
Net Income for year
18.826
3,097
Dividends and fixed Interest received
Rental income
Lossl(gain) on Investments
(Increase) In debtors
(Decrease) I Increase in creditors
137,632)
(19,000>
10,094
(14,169)
{7,200)
{37,422)
{18,100)
(2,514)
(56)
1.800
Net cash flow from operating activities
{51,281)
(53.195)

Pag& 17
Belfast Masonlc Widows, Fund
Notes to the Financlal Actlvlties Icontlnued)
Year Ended 31 December 2024
18 Related party tran8actlons
Bellasl Masonic Charity Fund is deemed to be a related party as it is also under the control of the
trustees.
At the year-end 8elfast Masonic Charity Fund owed Belfast Ma8onic Widows, Fund £4,930 (2023:
£7,800).
19 Ethl¢al Standard
In common with many other charlties of our size and nature we use our independent examiner to
prepare and submit returns to the tsx authorities and assist wth the preparallon of the financial
statements.