MASONIC ORPHANS, WELFARE COMMITTEE
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
310ECEM8ER 2024
Charlty R•gl8lratlon Numbw: NIC 108248
HM R•vonuo & Cu•toms CharRy R•f•r•nc• Numb•r. Nl 01096

Masonlc Orphans, Welfar• Commltto?
Year Ended 31 Drf•mbor 2024
Contents
Admlnlstratfvo Dela18
Trustees, Report
Independenl ExamlneI8 Report
Statement of FlnarKlal Acllvilles
BalarKe Sheet
Noies to the FIna￿la1 Statements
10

Ma80nlc Orphans, W•llar• Commltteo
Admlnl8tratlw D•ta118
Year Ended 31 Doc•m￿r 2024
R•gl8t•r•d dmrlty nam•
Ma80nlc Orphans, Wdfare Commlttee
Charlty r•gl•lrallon Number
NIC 108248
Tru•t•
H E Boltoml8y
R M Cleland
W J Morrow
A R Patterson
O Walker
Patron•
R M Cldand
D Wallace
Honorary Tr•a•ur•r
H E B¢Xl¢%mlty
Honorary Secmtary
D Walker
Ind•p•nd•nt •xamln•r
GMCG Bèlfast
Ch&iered Ac￿nIan1$ and Slalutw Audll(Ys
Allred Hou8e
19 Allred Streèt
Belfa8t
8T2 8EQ
8ank•r•
Ulster Bank Llmlted
11-16 Donegal Sware EaBt
8elfast
BT1 SU8
Inv••lmont manag•rd
Evetyn Partnwj
The Ewart
13th Floor
3 Bedford Square
Bellasl
8T2 7EP
Investec Wealth & Manag8m8nt (UK)
15th Floor
Clly Quays 3
92 Don8gall Quay
Belfast
8T13FE
Page 1

Ma•onl¢ Orphans, W•lfar• Commltta•
Truste￿ Rowt
Y•ar End•d 31 Dacomb•r 2024
Th8 Trustees hav• pleasure In pr68entlng ihelr report ar￿ tho unaudited financlal 8tatem8nts ￿ the charlty
lor ihe year ended 31 December 2024. The Trustees have adopted Ihe provlslons of Ihe Statement of
Recommended Practicè {SORP) 'Accounting and Reporting by Charltles" (FRS 102) In pyeparing Ihe annual
report and (Inanclal staiemenls of the tharlty.
The tlnancid swements have been prèpared in occordan¢e wlth the 8c¢ountlng pollcles sd out In notes to
the linancial staiemBnts and compty whh the thaflty's govomlng dlxumertt, Ihe Charitles Act (Northem
Ireland) 2008, Charttlos (Northem Ireland) 2013. th6 Charitles {A¢counts and Report8) Reoulations
(Northern Ireland) 2015, Accountlng and Reportlng by Charllle8: Stalement of Recommended Pradlr
applicable to d)arilleB prep￿ing thelr accounts In aGcordanc& wlth the FIna￿la{ Reportlng Standard
applicable In the UK and Rèpublic of Ireland Issued in Oclober 2019, the Flnpjnclal Reportin9 Standard
appllcable In the UK and Republlc of Ireland {FRS 102> and UK Generally Accepled Accountlng Practl¢e.
TN•t•••
Thé Iruste88 who have 5orv8d durlng the year and 8Snce tlkj year end ￿re as folow8:
H E Bottomloy
R M Cleland
W J Morrow
A R Patter80n
D waker
Patrons
The Patron8 who have served durtng the year and 81n¢o the year 8nd wero a8 lollow8'.
R M Cleland
Admlnl•trallv• d•tsii•
Charlty reg18tr8llon number Nl 108248
Homrary Treasurer
H E Bolloml8y
Honorary SeCr￿ary
D Walker
Independent oxamln8r
GMCG Bellast, Chart8red Accountants and Statutory Auditor, Alfred Housé
19 Alfred Slre8t, Bdfast, 8T2 8EQ
Ulster Bank Llmited, 11-16 Donegal Square East, Beffa81, BT1 SUB
Evelyn Pwlner8, Tho Ewar(13th Floor, 3 B¢dford Square, B•llasl, BT2 7EP
lrnie8tec Wealth a Manag8ment (UK), I Slh Floor. Clty Quoys 3, 92 Donegall
Quay. Balfa8t, 8T13FE
88nker8.'
Investment manager8:
Obl•¢tlv•8 and •¢tlvltl
The objects of the CharSty shall be the proventlon and rollef of poverty by mean8 of advlco, en¢wragomen(
prornotion and de8orving financlal 888iStarKe to benefit the welfare of chlldren (natural or adopted), orphans
(natural or adopted), or grandchfklren (natural or adoptad) of Freemasong. betng ollglble up to the age of 25
years.
Page 2

Paa80nlc Orphans, W•lfarn Commllta•
TnMt•e8 R•port {conllnu•d)
Yoar Endod 31 D8c•mb•r 2024
Publlc B•nofft Stat•m•nt
The Masonlc Orphans, Welfare Comrnlttee remaln sieadfa8t wilh thelr aim to maxlmlse the amount of
money donated each year prlmarlly from Ma8onlc 8relhren. Thls Is to facllltate Ihe wevenllon and rellef of
vety of n8ces8llou8 chlldren and orphans of 'Fre8masons'.
To provlde and afford In necessllous ctrcum8tanc•8, financlal a88lstance by m•ans of grant of
Mon1￿ andlor Swvlcw deemèd neces8ary to eltgble appllcants (Y Ihelr authentlcaied legal
guafdians (a3 Ihe iepresentativa of the appllcant) for tho pr6ventlon andlor relief of poverty andlor
30clal gxduslon.
Th8 provlslon of guch rollef Is based upon appral8al of need, as to warrant drcumstance of grants
pald annually to ben6fklarl88 of th• Charity In December of ea¢h year. or altemallvety lo provlde
Immediate a8818tance by slngulaf benelll award.
The provlslon of asslstanGg by pro￿8$ of annual award 18 to be as8e830d arKI admin131•red In
accord8nce wlth pollcy crlterla, based on definable In(￿rne bands. detomilned by mèthod of 'mean8
lesl, annualty rovlowed In Ihe mnlh ol Odober of each year.
The provislon of 81ngular award to a b8nefidary1g based on dependence of short-torm n8ces81ty
belng consld•red ample to 8at58fy Imm•dlate requlrem8nts for avoldance of deprlvatlon and lurth•r
d8cllno Inlo clr¢umstaKe of povety andlor 8txI81 eXcI￿10n and dlsadvantage.
For the prnvlslon of all preventatfve measures relatlng to dreumg1a￿￿ of poverty to offer wldarKo
and wovlde dliectlon to ex09tlng and potential benefidarles In rdatlon lo enUll8ment of State
benefilB, grants or 8ward6 ¢on(hJclve to enharKlng theSr ggnwal clrcum8lan¢e• and preveniing
decline of poverty. 80clal exctuslon and hardship.
In provldlng rollef to ellglble bonelklarle8 the Charty alrns to di￿llY and Indlrectly a$858t to
provldkn9 means 10 prevenl fuellewgy povety, food deprlvation. 8nd ganeraljy asslsl wlth such
cost8 thtlng domestlc. educational, medEcal. resplle andlor employment essentlals.
The Charfty alm8 to provide financlal os318tance to b6neficlarf88 trwough an effectNe 8UPPQrt
syylem to render servlce8 and 8s$18tanc8 In casts of low Income, heallh t8su8s (physkal and
montal), pertlnent to dl8abllttl48 (physlcal mental), Such as, 80dal mobllity. depre881on, 8tre88.
anxiety, soclal Isolatlon. counselllng and concurrlng a8soclat•d ctrcurn8tanc•g wtainlng lo more
seriou8 8ndlor Ille lfveatenlng Illnesse8.
To provlde fTrnanolal 8uppcKI relevani lo thè needs of malntalning a lustlfi8d standard of Ilving based
on con8en8ual appralsal of a Scaled cost of Ilving assessmenl detemilne(l ty the Charfiy on an
annual ba816 In Seplembef of each year.
The prov181on of supp(Kl to dlsadvantaged In odu¢atlon, M)rk, low-pald employment, Income
povety, deprlvalton and exduslon frorn soclal 8érvlceg; housing asslstance for the prévenllon of
homal8s¥no88; to assisiance wlh cost of trav61, clolhing, commuTricaiion. ¥￿saI dleiary
requlrements, associated household costs r•lat&4 to modical and ￿allh Issues and fi￿nCIal
assFstance to support the provlslon of proscrfbed medkation l treatmoni6 noi funded by NHS.
The purposes of the Charfty have no Identifiable hami to the ben8ficlarl8s.
There 58 no prlvaie b8nefit to the Truslees ol the Charlty," there may bo occa810r￿ io necessltale for
Incidental benefits In provislon for Irainlng, good govemance. publk relauons. research, logal and
profession818ervlces io ensure Ihe coniinuance of benefit to tho Charity's benelEclarles.
The Trustees b8llev8 Ihat Ihe purposes of tho Charity 88tlsfy all element8 of ihe publ1¢ ben￿t
requtr8ments.
Pag8 3

a80nlc Orphans, Welfare Commltteo
Tru8t008 Roport (¢ont1rW￿)
Year Endad 31 Decombor 2024
Achlevom•nts and p•rfornian
Total incom8 lor tho yoar was £36,375 (2023., £25,$29). Investments are held by 1nveslm0￿ managers as
dlscrelionary nomlnees. There was an unreallsed galn of £58,329 (2023: £53,123 galn) on revaluation of
Invesiment assets and a realls8(1108s of £2,160 (2023: £924 galn) on the di8posal of Inve8lmenls. Total
expendlture lor thè year 8mount8d to £25,732 (2023: £17,165). The net Income for the year amounled to
£10.643 (2023". net income £8.3641.
Inv•8tm•nt pollcy
The trustee8 have engaged Evèlyn Parln8r8 and Inv88tec Wealth & Manaaement {UK) as Investment
manao&rs to pursue a pollcy of maximlslng Income whllst malnlalning some capltsl ￿h.
Flnanclal rnvl•w (Includlng r•s•rv•• pollcy)
R•••Th•• polky
Tho charlty's pollcy b to retaln a18vel of reswves Mthlch malches the need6 01 Ihe chwlty bolh al th• ￿rrent
tlm8 and In the foreseeable fuiuro. The charily malntalns a level of unrestrlcted reseNe8 In cas8 Ihe need
arf888 to expend speclal lund8 on bgn8llciarles. The re8wves pollcy Is revlewed by Ihe tru8tees annually.
As at 31 December 2024, the charlty has iolal lunds of £1,328,229 (2023: £1,281,417) of whlch restrict8d
funds afo £N4 (2023: £NII) and unr881rlcted fund8 are £1,328,229 (2023: £1.261,417).
Fundlng
The Fund was not actlvely 8eoklng subsrylptlons and donalbn8, and fundlng wa8 wimarlly from Inve8tmenl
Income.
Plan• for futur• p•rlod•
The trustees will contlnue to cary out the obleciivès set oui above for the Pfev6nt#)n and rellef of povety of
nece881tous chlldren and orphans of 'Freemasons' belng ellglbl& up to th6 age 0125 yoarn,
Tru8t••8' f•spon•lbllltl•s
11 Is the respon81bility of the Honorary Treasurer, at the behe8t of the Trustees, to prepare flnanclal
stalemenls In accordance with appltcable law and Unlted Klngdom Accounting Standards (United Klngdoffl
Generally Accapled Accountlng Practlcè).
The law applkabl• lo charftl85 In North•m Ireland r8qulrés tho trustees to Pfèpare financ181 slatements for
each financlal y8ar whlch glv8 8 true ands falr vlew of the 8talo of affalrs of thè charKy and of Incomlng
re8ourc8s and applicatlon of ra￿UrceS of tho charlty for Ihal period. In preparlng th￿ financlal slatementg,
the trusle66 are requlred to:
select 8ullable accounlSng pollcles and then appty them cong1918nlly;
observe Ihe mglhods and prlnclple8 In Ihe Chorllles SORP 2019 {FRS 102);
make judgements and 88llmaies that alé reasonable and wudenl;
stat• whether applicabl8 accounllng 81arKlard8 have been follmd, subject to any motwlal
deparlures disdosed and exp181ned in the Ilnancial slatem8nt8; and
prepare Ihe financlal $taiemenÈ8 on the g)Ing con¢em basis unle89 It is knapproprlale lo
presume Ihat Ihe ch8rlty wlll contlnue In operatlon.
The TfU81•88 are rospon81ble for kegplng proper acthintlng record8 Ihat dl8do88 wllh reasonable accuracy
at any Ilme financlal posltion of the charlty and enable thom to ensure thal tho Ilnancial slatements
compty wlth the Charltles Acl (Northern Ifeland) 2008, the Charltles (A¢counts and Rep(*ts) R•gulai￿n5
(Nclthern Ireland) 2015 and the provlslons of the trusl de6d. They are a180 re8pon8*)le for safeguarding the
assets of the charlty and hence for taklng reasonable stops for the prevention and detection of fraud aNI
olher Irregularities.
Ptye4

Ma8onlc 0￿han8' Welfare Commltt••
Tru*t••s Rewt (contlnu•d)
Y•ar End•d 31 D•combor 2024
Tru•i••8' r••pon•lbllltlM (contlnuod)
The Trustees are responslbl? lor th6 malntenance and Integrlty of the charlly and financlal Inlormalion
Included on eharlty's webslte. Leglslatlon In the Unftod Klngdom govemlng Ihe preparall*)n dlssamlnatlon
of finanGlal stalements may dlffer from leg151atlon In other Judsdlclions.
018¢IMur• of Inforniatlon io Ind•p•nd•nt •X4ffl1n•r
So far a8 eath of tho tru8t6e$ In offlce at the date of apwoval of these flnanGlal 8latements1s aware:
there Is no relevant Infomiatlon lor the Independent oxamlnaiion of whlch the charlty's Independent
&xarnlner are unaware: and
they have lak8n all 8tOPS ihat ih8y outht to have taken a8 Irusle88 to make Ihemselv88 aware of
any relevant Informatlon and to estab118h that the charlty's Sndèpondenl examlner are ￿are of that
Inforniatton,
Ind•p•nd•nt •xamln•r
GMGG Bollast WUI con11rA￿ in office a¥ Independent examiner for the ensulng year.
On beh￿f ¢1 Tru8tO08
Trustee:
D Vialker
49 Main Street
Ballydare
BT39 9AA
Paye S

Masonlc Orphan•, W•llar• Commltte•
Indop•nd•nt Examln•r'• report to tho Tru8toe8 of Ma8onlc Orphans, Walfar• ¢ommitto•
Y•ar End•d 31 DKemb•r 2024
I report on the accounls ol the charity for the year ended 31d December 2024 whlch are sat Oul on pages 8
to 17.
RMp•ctlv• r•8pon8lbllltlM of Iru81•08 and •xamln•r
A8 thé ch*iVs trustees you ara raaponslblo for the prepara1k￿ of thg accouni8 In accwdanefj wlih tho
Ch8rftt88 Act (Northern Irdand) 2CKI8.
1118 rny responslbllity lo:
examlne tho accounts und•r secllon 86 of the Charltk8 Act;
fdlow the pr￿dureS laid down In th8 géneral Dlrections glven by Ihe Charlty comm1s81(￿ for
Northem Ireland under s￿l0n 65(9)(b) of lh6 c￿lItIeS Ael: and
8tat• ￿•ther partlcular matters havè come to my attantlon.
BA818 of Ind•p•nd•nt •xamln•¢• r•port
I have examlned yow charlty accounts a3 requlred under sectlon es of tho Charlll88 Acl and rny oxarninallon
was carrled oul In accordance wllh the 96neral Dlrectlon8 glven by tho Charlty Comml881on for Northern
Ireland under Mctlon 85(9)(b) ol tho Charfl￿9 Aci.
My examlnatlon lrttuded a revl6w of the accwntlng records kq)I by the charlty and a compari80n of tho
accoun18 Ixeseniod wllh those r8cor(55. 11 ajso Induded con8kleraiion of any unusual items or dlsdoBures In
Ihe xcounts and seeklng explanatlons from you as charlty tru8te68 concorning any 8uGh matters.
My role18 10 Slate whelher ony materlal matters have to my attenllon glvlng m& eAU80 to belkn..
1. That acoxmilng rocord8 were noi kept in 8c¢ordanc• wlth Sectlon 63 of Ihe Chariti88 Act
2. That th8 accounls do ￿t acc￿￿ Ihose accountlng reG(Kd8
3. That the a¢counl8 do not comply wlth lh• a¢￿IntIng requlremenls ol the Charltl•8 Act
4. That thore18 furfher Inffmmatlon needod for a proper undw8tandlng of Ihe ac¢ourts kn be reathed.
AlfrnJHo
19Alfnd Stre
B￿&$rFfz8BQ
DX39ioNR BEISAxfso
Dtury H
830N
BT69 3P
Toll •44(9)889031 1113
P￿., •44(0)289031 IV77
Trk +￿(0)*8980D7￿S
F•r. +44(0)A8 9261* Its6
Th1: +44(oh83833*801
IP&y: +44(01*838&50493
Page e

Ma80nlc Orphans, W8llar• Commlttge
Ind•p•ndent Examln•trs raport to th• Tiusteos of Ma80nlc Orphan•, Wowaro Commlttee
(contlnued)
Year Endod 31 Dec•mber 2024
Indwnd•nt •xamln•e• •tatorn•nt
I have completed my examinatFon and hav8 no Cor￿ern$ In respocl of the matters {1) to (4) Ilsted above and,
In connection wtth following Ihe Direcllons of the Charlty Commlssion for Norlhern Ireland. I have found no
matters thal require dr•￿￿ng to yow attention.
B.J. Frlar FCA
Chartered Accounla
For and on behalf ol
GMCG 8elfast
Chartered Accountants & Stalulory Auditors
enl Examlner)
land
Alfrod House
19 Alfrod Slreel
Belfasl
BT2 8EQ
Dale:
Page 7

Masonlc Orphan8' Welfare Commlttee
8tat•ment of Flnanclal Actlvltl•s
Year End•d 31 Doc•mber 2024
Unn￿rIe￿a
fuThd•
2024
T¢)tal
2023
Total
Not•
Incom• artd •ndowm•nts from:
Donaiions and18gacies
Investmenis
4,752
31,023
4,752
31.623
1,374
24.155
Total Incom•
38,375
3fj376
26,529
exp•ndltur• on:
Investment managem6ni Costs
Charttable adfviiies
11,862
13,870
7,785
9.380
13,870
Total •xp•ndftur•
28.732
26,732
17,165
N•t Incom• b•for• galn on InvMtm•nt•
10,643
10,643
8.384
Nel g8ln on Invegtment8
$6.169
56,169
54.047
N•1 In¢om•
88.812
14812
82.411
N•t mov•m•nt In lund•
17
66.812
61812
62.411
R•conclllatlon of funds:
Total fund8 brought foThvard
17
1361,417
1,281,417
1.199,008
Totsl fund8 carrl•d lo￿3rd
17M8
1,328.229
1,328,229
1,261,417
All Income and experKlllure derfve from ¢onllnulfwJ acllvlties.
Pag8 8

Ma8onk OvphaD8' Wolfarn Cornmltte•
Balanco Sh￿t
A8 at 31 DeGemb8r 2024
2024
2023
Flx•d asg01•
Inve8tment8
Not•
13
1,258,713
1.005,563
1,258,713
1,005,563
Curr•nt a•••ts
Stock
DebtOT3
Cash at bank arKI In harKI
14
3,424
34.580
223,630
816
70,336
74,618
261,634
Cr•dltor•: amounts falllng du• wlthln on• y•ar
N•1 ¢urr•nt ••••t•
18
(6.OflO)
(5,780)
69,516
2SS.854
N•t u••ts
1,328,229
1.281,417
Charlty Fund•
Unrestrlcted fund8
17118 1,328,229
1.281,417
Total charlty fund•
1,328,229
1,281,417
The fina￿1 I
tements on pages 8 10 17 were approved and authorlBed for Issue by Iho Trusta￿ on
. and are Signed on their behalf by:
D Walker
Tru•t••:
Moff
The nole¥ on page8 10 10 17 forni part ol Ih8se fFnanclal $tstements.
Page 9

Masonle Orphan8' Wollar• Commltt••
Not•8 to th• Fonanclal Statements
Year End￿ 31 D•c•M￿r 2024
Summary of 81gnlficant accouniing poll¢lo•
(•) Gonwal Infornmtlon and ba•ls of pr•paratlon
Masonlc Orphans, Weffare Commlttee Is governed by a constiiutlon dated 4th December 2019. and Is
recognlsed as a charity by HM Revenue & Customs. Th8 objects of Iho Charlty are the preventlon and
felief of poverty by means of advl¢x, encouragemant, promollon and dewvlng finarKlal a8816tsnco to
benefit the welfare of thlldren (natural 8fKt adopied), orphans (natur￿ or adopted), or syandchlldren
(natural or adopted) of Freema8ons, belng eliglble up to the age of 25 years.
The charity constilut68 a publ1¢ ben8fi1 entlty as delIr￿ by FRS 102.
IlnanGlal statemenis have been prepared in accordance wllh appllcable accA)unllrKJ Standards.
Accountlng and Reportlng by Charltles: Sl8temenl of Recommendad Pr8CtI(*J appllcable lo charlttes
pwarlng Iholr accoun13 In accordance wllh Ihe Financial Reportln9 Standard appllcable In UK and
Rewblk ol Ireland158U￿ In October 2019, the Finanod Rèportlng Standard appllcable In the un￿Od
Klngjom and Republk of Irèland (FRS 102), the Chaflties Act (Norlhem Ireland) 2008, Charitles Act
(Northern Irelandl 2013. The Charitles (Accounts and Report5) Regulation8 (Northern lrnland) 2015
and UK Generally Accepted Accounllng Pfaetlce.
The flnanclal 8tatem8n18 are prepared on a golry cone•rn ba818 under th8 Nstorl¢al cost conventlon.
modified to Include certaln Items at faif value.
The llnanclal statemen18 are prepwed In 81erllng whlch 1$ Ihe fiJn¢tlonal currency of lh• eharlty and
rounded to the neare81 £.
The 8lgnMlcant aco>unllng pollcles applled in the prepar8tlon of th88e Iln8ncb81 slatemeNB are 8Ot out
belLw. Th0￿ pdkies hsve been cons5slanlly applled Io 811 year8 presented unle88 Oth8rwl8e 8iaied.
(bl Fund•
Unre8irlcled fundg afe av8llable for use at Ihe dl8fAetton of Iho trusle88 in furtheran￿ of th6 general
obJectiveB of Ihe charlly 8nd which hava not b88n d88lgnated for other pJrpoJe$.
(CP InMm• r•￿gnItIon
All Incorno Is Included In the Stat8ment of Flnanclal Acllvttles (SOFA) when tha charty Is legalty enllded
to the Income after any porformanco condltlons have been met. the amounl b6 measured mliably
and11 18 probable thal the Incom• wlll b• rttelved,
No arn￿￿113 I￿luded In the financlal gtalements for volunleer tlme In lina wlth the SORP {FRS 102).
For legacles, entltlemenl13 the earfler of the charity b•ing notified of an Imp￿dIng distr11￿1•C*Tr or Ihe
legacy belng recelved. At th18 polnt Income Is recognlsed, On occaslon legacl88 wll be notifled lo tp
charfly however It Is r￿t posglble lo mea8ure amount expected to be dlstrlbuled. On these
occasK)ns, no prov151on is made for any amount recelvalAo.
Inve8tmfjnt Income [8 earned through holdlng ass8ts for Investment purpose8 su¢h a8 ahar08. It
includes dividends and intorest and Inwne Is recogn18ed usSng thg effect￿ Interest method and
d￿ld0nd Income Is reMgnl8ed as the oharlty's rlght lo recelve payrnont 68 ests￿¢sh￿.
Pago 10

Ma8onlc Orphans. Wolfar• Commlttoo
Notes to the Flnanclal Statem•nts (Cortinuod)
Y•ar Ended 31 Docomb•r 2024
Summvy of •lgnlflcwt accountlng polk1￿ {conllnu•d)
(d) expondltur• r•cognltlon
All expenditure 18 accounted for on an accnmls ba61s and has b88n classthd under headlngs ihai
aggregat8 all costs related to the ¢*egtYy. Expondituro 18 recognlsed where there Is a legal or
conslructive obllggtlon to make payments to thtrd partles, It 16 probable that Ihe 86ttlement wlll be
required and the am¢)unt of tha obligalion can be mea8ur8d reliably. It Is Categorised urrfler the
followlng headlng8:
Expenditure on Charitable actlvi1188 Indudes actlvltl08 undertaken directty and related 8UPPryrt
costs,. arKI
other expendlture represents Ihose116ms not falllng Into the categorie8 above.
Grants payabla to Ihtrd parths are wilhln tho ¢hailtab16 obJeGlSves.
(•) Support cost• allocallon
pptyt CO8tG ar• Ih08e thal a88181 Iho work of the charity lyjt do not dlrocdy repr￿ent charftable
actlvltle8 and Includ8 office cost8 arrtl govemance cost8. They are If￿rred direcuy in support ol
expendlture on the oblects of th• charlly.
ln Inv••lm•nt•
Inv8strnenls are recogni8ed Inltlally at falr value wthlch Is n￿rnallY th8 transacth)n prlc8 oxcludlng
transaction COSIS. Sub8equenUy. Ihey are m•a$ured at falr valu8 wllh Changes rocognlsed Sn 'net
galns l (losses) on Investmenls. In Ihe SOFA If Ihe shares are publlrJy Iraded or the* lalr value
othe￿1$6 bo measured r01iably. ottr￿f inveslmgnts gre mea8ured at CO811888 Impalrmonl.
(g) Sto¢k
Stocks are Slat￿ at the lower of c081 and 8Stlmalod selllng prl¢e 1888 eOSt8 10 3811. siock Incl￿83
mmemoratlve jewels.
(h> D•btor• aml ¢r•dttorn r•c•lvabl• I pay•bl• wlthln on• y•ar
Debtor8 and credllor8 with no 8taied Interest rate and recelvable or poyable wlthln one year are
recorded at trangactlon prfce.
11 Ca•h •¢ bank and In hand
Cash at bank and In hand I￿lud6S cash, deposlts held at call wlth banks arKI other short-temi hlohly
Ilquld Investrnents wlth orlglnal maluriti88 Of tlv¢e ffKJnlh8 or less.
Pag8 11

Masonlc Orphans. Welfare Commlttee
Not•8 to th• Flnanclal Stat•m•nt8 (continu•d)
Year Ended 31 D•c•mbor 2024
Summ•ry of •lgnlfl¢ant yAiuntlng poll¢l•8 (contlnuodl
Ul Tax
The Hlgh Court conduded on 9 March 2021 that the charlty is chaTllable In a court case In r8spect of
the dlstrlbution of Ihe Estate of John Marcus Strafford Dec8a8ed and IWefore Ihe gm from Ihe
￿e￿aSed was able to be pass8d to the charlty.
The chaTIty Is rw188d as a tharfty by HM R8venue & Customs, and as 8u¢h is entilled to certaln
lax exempUon8 on Income aNI galns from Investmenls, and surpluse8 on any trading actfvlts.es carrfed
oul In iho furthffance of charity's primary objeclhes. If Ihe38 9alns and 3urpluses are applled
solely for chafhablo purpos•$,
The chwlty l¥ not roglst•red for VAT and, accordlngly, all thelr expendlture Is Incluslv• of any VAT
Incurrod.
(k) Golng conc•rn
The finanthl 8tat8mènts have beèn prepar￿ on a golng concern basls as the trustees beli8v8 that no
mater181 Un￿rtaInlIeS 8xlst. The inmtees have consldered Ihe lavel of fund8 held and Ihe expected
lev81 of kncome and 8xpèndlture fof 12 months from authorlslng Ih888 financlal 8t818menis. The
budggled income ar￿ oxpendlture 18 Sufficient wlth I￿l8Ve1 of regeNe$ for the charity lo be abla to
C￿lInUe as a goln9 concorn.
(11 Crlllcal aceountlng Judg•m•nt• and e•tlm•tlon unc•rtalnty
E81imates arml a8$umptlons are continually evaluated and are based on hl8torl¢al expwlence and
other factors, Indudlng expectatlons of future event8 Ihal ern belI￿ed lo be re830nable undw the
clrcumslances.
CrRlcalJudg•m•nls In applylng lh• charAy$ a¢courting polkkns
Thwe are no crfllcal judgements In applylng Ihe ¢harity'3 aC￿untIng pollcla$.
CnllGal ac¢ountlng estlmates and assumptkn78
There are ￿ crlllcal accwnlSng e8tlmates and ag$Um￿lOn$.
Incom• from donatlons 4nd l•g•d
2024
2023
Subscriptions and dorAiions
Legacies
2.132
1.374
4.752
1,3T4
In¢orne from don8tlon8 was £4,752 {2023 - £1.374> ond was aitrfbuiabl¢ to unreslrlcled lunds.
Pag8 12

Masonlc Orphans, Woffar• Commltt••
Not•s to th• Flnancial Statsments (contlnuod)
Year End•d 310•¢wnb•r 2024
In{￿Me Irom Inve•tm•nts
2024
2023
Divmlends
Inter6st
30,367
1,266
23,189
31,023
24,155
Incom from investmen18 was £31.823 (2023 - £24,155) and was attrlbutable io unr88tricted funds.
InvMtm•nt m•n4g•ffl•nt M•ts
2024
2023
Investment manager fees
11.862
7,785
£11,862 <2023 - £7,785> of Ihg above costs were attrlbut8ble to unrgstrlcted funds.
An*ly•ls of •xp•ndltur• on ¢harftabl• a¢tfvtth•
Ch4Titabl• aGtlvltléB 2024
A￿1vItIeS
undertaken
dyeclty
Supp(xt
cosls
Prevenllon and rellef of povety
12,400
1.470
13.870
Charilable athiti95 2023
Aetlvltles
undertaken
dlreclly
Support
cost8
Tolal
Preventlon and relE81 of povety
6,550
2.830
9,380
£13,870 (2023 - £9,380) of ts above co8t8 wero attrbutable lo unrosirf¢Xgd fvnds.
Pag8 13

Ma80nlc Orphans, Wollaro Committoo
Note8 to th• Flnanclal Stal•m•nts (contlnuod)
Y•ar Endod 31 D•cembor 2024
Analy918 of 8UPllOrt ¢ost•
2024
2023
Support costs
GovernarKe c0818 (noie 7)
Office expenses
Insuranc8
1.100
370
365
Tolal
1,470
2,830
Gov•rnwco ¢￿ts
2023
Independenl examln
Legal expense8
1,100
1.100
2,400
Independe￿ examlnérfs f80 Includes a of £1,100 <2023- £2,4W) for the Indop6ndenl •xarnlnal
of the flnanclal slatements for the year onded 31 D¢cember 2024 ty GMCG Bdfasl.
An4￿18 01 grnnts
2024
2023
Financlal 85318tance for the wovenllon and rellef ol poverty
12AQO
0,550
N•t Incom• for th• y••r
Income for the year18 81ated after charglng l (credrtlng):
2023
Unreallged (gaSn) I loss on falr value mvement ol investment8
Rea118ed loss l (galn) on dlsposal of Investments
(58,329)
2,180
(53.123)
(924)
Page 14

Ma8onk Orphan8' Welfarn Cornmltt••
N¢Ao8 to th• Flnandal statements (contlnu•d>
Y•ar Endod 31 D•eember 2024
10 Tru•tM•' and k•y manag•m•ni p•r•onn•l r•mun•rdon and •xp•n8¢8
Tha trustees noilher received nor walved any femuneratlon durlng the year (2023 - £NII).
The key managemenl personnel are consldered lo b8 thè trustees. total amount of employee
benefits recefved by key management Personnel Is £NII (2023 - £NII).
The r￿m￿r8eMent of 8e¢retary and IfU$tees' expenses were £NII (2023: £NII).
Included In abovo aré £NII (2023 - £NII) ￿tch have been pald directly lo thlrd parties.
11 Efflploy•• Inf0m￿tIon
There are no employees.
12 Taxatlon
The chanty18 recognl88d 88 a Charlty by HM Revenu• & Customs. and as 8u¢h18 endded to cartalft
tax exampison8 on incomè and galns from Invéstments, and suiplu8es on any tradln9 actlvltl88 Garrled
out In tho furthefanGo of the ¢hwlty'8 prlmary obJeCllv￿, W these galn8 and surplu888 ar• appllod
solely for charflable purposes.
The charity 55 not reg18terèd for VAf and aeMrdindy, all Its expendlture Is recorded incluslvo of any
VAT In￿rred.
13 Inv••im•Tht8
Investnwjnls al falr value compromlse:
2024
2023
Markol valu•
At 1 January 2024
Addlllon8
018po6a18
g8Sn l (1058) on revaluation
1,005,063
331,119
(136,298)
58.329
1.268,713
841,908
147,098
<36,584)
53.123
1,005.563
Hlsiorlcal cost at 31 Decomber 2024
1,199,419
1.000.621
Investments at fatr value comprise:
2024
2023
8ond8
Altematlve & Multl-A8set
Equltl88
Flxed Interest
131740
177.986
854508
89,479
57,237
178.205
701,418
68,703
1,005,563
1,268.713
The falr value of lisled imiestments is determined by reference to latost avallable mid-market
prices at thè valuatlon date.
Page 15

Ma8onlc Orphans. W•lfarn Cornmitto•
Not•8 to th• Flnanclal Actlvlties (conllnu•dl
Y•ar Ended 31 Decomb•r 2024
14 Sto¢k
2024
2023
Commemorative Jewels
3.424
10 D•blorn
2023
Legacy recelvablé
0￿r debtor8
33,764
816
816
816
34,580
16 Cr•ditor8: amounts falllng du• wlthln on• y•ar
2024
2023
Accrual8 and defeffed Income
s,000
5,780
17 Fund r•con¢lllaiion
Unr•8trlct•d lund•
Balan¢• at
Galn81
Balanc• at
l January Incorn• Exp•ndllur• (108••81 31 D0￿mb•1
2024
2024
UThrMtrfcl•d
1,261,417
38,376
128.7321 S6,1
1,328,229
Balance at
1 January
2023
Galn81
Balanc8 at
Incomo Expendliure {lO￿e$) 3109¢8mb8r
2023
UnrestrKled
1,199,006
2S,629
(17,165)
54,047
1,261,417
Page 16

Ma8onlc Orphans, Wolfar• Commltt
Nots8 to th• Flnanclal Actlvltl•8 l¢onQlnued)
Yoar Ended 31 Dac•mb•r 2024
17 Fund r•eonclllatlon (¢ontlnu•d)
Unreslrkled fund8 are available for usè at disrAetion of the tru8t888 In fLYtherance of Ihe general
obiactives of Iha chadty arKI whlch have noi been deS￿nated for other pwposes. The transfer frorn
unregtrfcted funds to endowment lunds represenis Cash tran81ernd.
18 An•ly81• of not aM•l8 b•lwMn funds
Unmtrfct•d
fund•
2024
Flxed •v4•t• - Inv•8tm•nt8
Cash
Oth•r n•t curr•nt a88•t8 I IIknWIItIM
1,258,713
70,338
1820)
1368,713
70,336
1820
Total
1.328,229
1,328,229
Unrestrfctsd
funds
2023
Total
Flxed assets - Inv08tment8
Cash
Olher cuir8nl Ilablmlkns
1,005,583
223,830
32,224
1,005,583
226,630
32,224
Toial
1,281,417
1,261,417
19 R•lat•d party tran•Ktlon•
There ￿re no related party transactlons durlng the year (2023- £NII).
Thern18 ￿ ultimate conlrdllng party.
20 Ethlcal 8t•ndard
In common w11h many other charllles of our slzo and natur8 we use our Indepèndent examlner to
prepare and submlt retum8 lo Ihe tax authorttle8 and assljt the preparatson of the Ilnanclal
stalements.
Pag¢ 17