Karagi Court Limited Annual Report 2025

ANNUAL REPORT 2025

In 2025, Freemasons on the Central Coast donated to:

! Berkeley Vale Neighbourhood Centre

! Brisbania Public School

! Central Coast Bulldogs

! Central Coast Kids in Need

! Surf Life Saving Central Coast

! Community Support and Outreach Services Central Coast

! District 21 – Fund Raising Assistance

! District 21 – The Smith Family

! Feed the Need Concert

! Gosford RSL Sub-Branch

! Long Jetty Over 50s Club

! Lodge Wyong Tuggerah Lakes

! Shirley Shuttle

! Soldiers Beach Surf Life Saving Club

! The Central Coast Lodge

! The Entrance Neighbourhood Centre

Total Donations

$105,650 down 10.2% on prior year

Last year, in 2024, Freemasons on the Central Coast donated to:

! Brisbania Public School

! Central Coast Bulldogs

! Central Coast Kids In Need

! Surf Life Saving Central Coast

! John O’Brien Lifehouse

! Long Jetty Over 50s Club

! Mary Macs

! Soldiers Beach Surf Life Saving Club

! The Biker’s Hand

! The Smith Family

! Toukley Neighbourhood Centre

Total Donations

$117,905 down 13.2% on prior yea

Notice of Annual General Meeting

Notice is hereby given that the

Annual General Meeting

of Karagi Court Limited (ABN 92 002 044 500)

will be held at the Gosford Masonic Centre, 86–88 Manns Street, Gosford on Thursday 23 April 2026 commencing at 7.00 pm

Please Note:

If you have any questions of a financial nature arising from the Annual Report, or of the Board, please forward your question/s in writing to info@freemasonscc.org by 5.00 pm on Friday 3 April 2026. For and on behalf of the Board

Graeme Ingall Director & Honorary Secretary

27 February 2026

Agenda

Below is the Agenda for the 2026 Annual General Meeting of Karagi Court Limited (ABN 92 002 044 500) trading as Freemasons on the Central Coast.

1. Welcome to guests, life members and members by the President –Mr James Noble

2. Proxies

Secretary to declare all proxies received under Rule 13.

Resolution: ‘That all proxies received be accepted.’

Moved: Graeme Ingall 2nd:

Carried: Yes No

3. Quorum being satisfied, the President declares the AGM open

(Constitution 8.2.1 – eight (8) financial members present)

Declared open at: pm.

4. Apologies

Resolution: ‘That all apologies received be accepted.’

Moved: Graeme Ingall 2nd:

Carried: Yes No

5. Minutes of the 2025 Annual General Meeting held on 3 April 2025 (refer page 10)

Resolution: ‘That the Minutes of the 2025 Annual General Meeting held on 3 April 2025 as contained in the 2024 Annual Report be received and accepted.’

Moved: Graeme Ingall 2nd:

Carried: Yes No

7. The President’s Report – Mr James Noble (refer page 13)

Resolution: ‘That the President’s Report be accepted.’

Moved: James Noble 2nd:

Carried: Yes No

8. Review Report by Fortunity Assurance (refer page 23)

Resolution: ‘That the Review Report and notes, if any, from Fortunity Assurance be received and adopted.’

Moved: Chris Matthews 2nd:

Carried: Yes No

9. Confirmation of the Capital Investment (refer page 38)

Resolution: ‘That the report by Mr Adrian Thompson be adopted.’

Moved: Chris Matthews 2nd:

Carried: Yes No

10. Treasurer’s Report – Mr Chris Matthews (refer page 40)

Resolution: ‘That the Treasurer’s Report be received and adopted.’

Moved: Chris Matthews 2nd:

Carried: Yes No

11. Charity Report – Mr Leigh Pollard (refer page 41)

Resolution: ‘That the Charity Chairman’s Report be received and adopted.’

Moved: Leigh Pollard 2nd:

Carried: Yes No

12. Appointment of Auditor

Resolution: ‘That Mr Adrian Thompson from Fortunity Assurance be retained as the auditor for the 2026 financial year.’

Moved: Chris Matthews 2nd:

Carried: Yes No

13. Appointment of Solicitor

Resolution: ‘That Mr Peter Kernan of Aubrey Brown Lawyers be retained as our solicitor until the next Annual General Meeting in 2027.’

Moved: Chris Matthews 2nd:

Carried: Yes No

14. Joining Fee and Annual Subscription for 2026 – Constitution Rule 6.8.3

Resolution: ‘That the Joining Fee and Annual Subscription Fee remain at five dollars ($5.00) each until the next Annual General Meeting 2027.’

Moved: Chris Matthews 2nd:

Carried: Yes No

15. Any questions of the Board

16. Election of Directors

In accordance with the Constitution, all positions will be declared vacant.

The Board has appointed Mr Gary Young, as Returning Officer.

17. Annual General Meeting declared closed

Declared closed at: pm.

At the conclusion of the Annual General Meeting,

A proposal of Strategic Sponsorship Visibility and Civic Partnership has been placed before the Board for discussion. It was decided that it should be discussed at a meeting where all members had the opportunity to become involved and give input.

This is your opportunity to digest the strategic plan and give input.

Light refreshments will be served at the conclusion of the AGM.

Graeme Ingall Director & Honorary Secretary

27 February 2026

Minutes

Below are the Minutes from the 2025 Annual General Meeting of Karagi Court Limited (ABN 92 002 044 500) held on Thursday 3 April 2025 at the Gosford Masonic Centre, Gosford at 7.00 pm.

Present:

Leigh Pollard; Derek Crawford; Graeme Ingall; David Levesque; Chris Matthews; Alex Mountain; David Walker; Benjamin Falconer; Jake Bright. (9)

1. The Vice-President, Mr Leigh Pollard, gave a very warm welcome to our life members, members and our guests – Mrs Natalie Cummings, Brisbania Public School and Mr Simon Falconer, President of the Soldier’s Beach Surf Life Saving Club.

2. Proxies

Nil.

3. Quorum was satisfied and the AGM declared open at 7.10 pm

4. Apologies

Richard Collins, Andrew Kfoury, David Leabeater, Jim Noble, Simon Pierce, Gary Young. (6)

Resolution: ‘That the above apologies be accepted’

Moved: Graeme Ingall 2nd: Chris Matthews

Carried

5. Minutes of the 2025 Annual General Meeting held on 3 April 2025

Resolution: ‘That the Minutes of the 2025 Annual General Meeting held on 3 April 2025 as contained in the 2024 Annual Report be received and accepted.’

Moved: Graeme Ingall

2nd: Chris Matthews

6. Any Matters arising from those Minutes

Nil matters raised.

Carried

7. The President’s Report – Mr James Noble

Resolution: ‘That the President’s Report be accepted.’

Moved: Leigh Pollard 2nd: Alex Mountain Carried

8. Review Report from Fortunity Assurance

Resolution: ‘That the Review Report and notes, if any, from Fortunity Assurance be received and adopted.’

Moved: Chris Matthews 2nd: Graeme Ingall Carried

9. Confirmation of the Capital Investment

Resolution: ‘That the report by Mr Adrian Thompson be adopted.’

Moved: Chris Matthews 2nd: Alex Mountain Carried

10. Treasurer’s Report – Mr Chris Matthews

Resolution: ‘That the Treasurer’s Report be received and adopted.’

Moved: Chris Matthews 2nd: Benjamin Falconer Carried

11. Charity Report – Mr Leigh Pollard

Resolution: ‘That the Charity Chairman’s Report be received and adopted.’

Moved: Leigh Pollard 2nd: Alex Mountain Carried

12. Appointment of Auditor

Resolution: ‘That Mr Adrian Thompson from Fortunity Assurance be retained as the auditor for the 2026 financial year.’

Moved: Chris Matthews 2nd: Graeme Ingall Carried

13. Appointment of Solicitor

Resolution: ‘That Mr Peter Kernan of Aubrey Brown Lawyers be retained as our solicitor until the 2027 Annual General Meeting.’

Moved: Chris Matthews 2nd: Graeme Ingall Carried

14. Joining Fee and Annual Subscription for 2025 – Constitution Rule 6.8.3

Resolution: ‘That the Joining Fee and Annual Subscription Fee remain at five dollars ($5.00) each until the next Annual General Meeting 2026.’

Moved: Chris Matthews 2nd: Alex Mountain Carried

15. Any questions of the Board

There were no questions of the Board.

16. Election of Directors

In accordance with the Constitution, all positions declared vacated by Mr Gary Young, Returning Officer and the following Directors were elected for the year 2025:

President: James Noble

Vice President: Leigh Pollard

Secretary: Graeme Ingall

Treasurer: Chris Matthews

Directors: Benjamin Falconer; Andrew Kfoury; Alex Mountain; David Levesque; and Simon Pierce.

17. The Annual General Meeting was closed at 7.35 pm

Our guest speakers were then invited to address the AGM.

Ms Natalie Cumming, organiser of the RoboCup at Brisbania Public School, Saratoga.

Natalie spoke of the children’s direct involvement in the making of and the programming of robots who were required to play soccer against another team. After the team made their robots, they attended a competition in Newcastle. By coming first, they were then able to attend the National Championships at the University of Queensland.

Her presentation was well received.

Mr Simon Falconer, President of Soldier’s Beach Surf Life Saving Club.

Simon, commencing with a brief overview of the Soldiers Beach Surf Life Saving Club’s programme, spoke of the gains the Club had made with the refurbishment of the First Aid Room and the provision of a gym. The gym has been well received by all members, especially the competitors in the IRB and Surf Boat championships.

Signed as a true and correct record.

James Noble President

23 April 2026

President’s Report

It is my great pleasure to present the 2025 Annual Report detailing the performance of Karagi Court Limited (FOCC) for the year.

The primary role of our institution in providing charitable aid to the district has again continued with our long-term partners while this year has also seen an increased number of new identities within the community. Our long-term partnerships with both Surf Lifesaving Central Coast (SLSCC) and the Central Coast Bulldogs has seen the continuation of our logo displayed on their respective attires and the subsequent promotion of Freemasonry to the public.

This year has also seen further additional funding provided to previous recipients including: Central Coast Kids in Need (CCKIN), Shirley Shuttle, Mary Mac’s, Brisbania Public School, Soldiers Beach SLSC, and the Toukley Neighbourhood Centre, among others. We were also pleased to welcome and assist Coast & Country Primary Care, Toukley View Club, Central Coast ARAFMI and Neighbourhood Centres from both Berkeley Vale, The Entrance and Narara.

Our Monthly fundraising activity in partnership with the The Central Coast Lodge (TCCL) continued, conducting the monthly sausage sizzle at the Narara Miniature Trains, raising funds towards our annual donation to Gosford Hospital which on this occasion was presented to the Paediatrics’ Special Care Nursery and my thanks to all those who assisted.

This year has also seen the introduction of the Lodge Fundraising Assistance Program whereby FotCC provides initial funding to aid District 21 lodges in their fundraising activities; this has been warmly received and utilised on several occasions since it began.

The continued success of FotCC is a result of the commitment of its members. I take this opportunity to thank all our directors who have again given up their time unselfishly to ensure this and the continued promotion of Freemasonry in our district. Both our Secretary and Treasurer are long-standing in their roles, and I thank both Graeme Ingall and Chris Matthews again for their efforts. My thanks also to Ben Falconer, Andrew Kfoury, Simon Pierce, David Levesque and Alex Mountain for their continued energy and passion in their various roles.

As a Board of Directors, we are invited to numerous events during the course of the year at which we are invited to speak or make presentations and I take this opportunity to thank all members of the Board for their attendance at the various functions including awards nights and presentations of funding. A special mention for Leigh Pollard, who continued in his role as Charity Officer and also stood in for me at some meetings this year during my extended absence.

In respect to our finances, Fortunity Chartered Accountants and Financial Planners continue to provide guidance, advice, and assistance throughout the year and I thank Shaun O’Farrell and the team for their assistance.

James Noble President

27 February 2026

Directors’ Report

Your directors present their report on the company for the financial year ended 31 December 2025 in order to comply with the provisions of the Australian Charities and Not-for-profits Commission Act 2012. The directors report as follows:

Directors

The names of each person who has been a director during the year and to the date of this report are:

! James Arthur Noble – President

! Leighton Pollard – Vice President

! Graeme Kenneth Ingall – Secretary

! Christopher William Matthews – Treasurer

! Benjamin Stuart Falconer – Director

! Alex John Mountain – Director

! David Ian Levesque – Director

! Simon Pierce – Director

! Andrew Kfoury – Director

Directors have been in office since the start of the financial year to the date of this report unless otherwise stated.

Principal Activities

The principal activity of the company during the financial year was to support charitable organisations on the Central Coast.

Objectives

The company’s short-term objectives are to:

! provide relief to necessitous persons within the Central Coast community

! provide relief to aged persons within the Central Coast community

! provide relief of sickness or disabilities to persons within the Central Coast Community

! assist in the advancement of education within the Central Coast community; and

! any other purpose for the betterment of the Central Coast community

The company’s long-term objectives are to:

! maintain its capital base and to use the earnings from the invested capital to support charitable organisations on the Central Coast.

Strategies

To achieve its stated objectives, the company has adopted the following strategies:

! Invested all monies received from the sale of Karagi Court Retirement Village in the Capital Account

! A minimum of twenty percent (20%) of the income received from the investment of the Capital Account to be reinvested in the Capital Account

! That the remainder of the income earned be distributed in accordance with the resolution of the directors. The Directors endeavour to distribute 70% of the income earned to Central Coast charities.

Auditor’s Independence Declaration

The lead Auditor’s Independence Declaration for the year ended 31 December 2025 has been received and can be found on page 22 of this report.

Signed in accordance with a resolution of the Board of Directors.

C.W. Matthews

G.K. Ingall

J.A. Noble Director Director Director

17 February 2026

5 Year Summary

Total Income $158,812 down 39.94% on prior year

Movement in Investments $(12,439) 2024: $104,874

Total Donations

$105,650 down 10.23% on prior year

Central Coast

Local Government Area

Our Mission

Promoting Freemasonry on the Central Coast through community action, charitable relief and the advancement of education.

Principal Activity

Our principal activity is to support charitable organisations on the Central Coast1

Our Objectives

The company’s short-term objectives are to:

! provide relief to necessitous persons within the Central Coast community

! provide relief to aged persons within the Central Coast community

! provide relief of sickness or disabilities to persons within the Central Coast Community

! assist in the advancement of education within the Central Coast community

! any other purpose for the betterment of the Central Coast community

The company’s long-term objectives are to:

! maintain its capital base and to use the earnings from the invested capital to support charitable organisations on the Central Coast.

Our Strategy

To achieve its stated objectives, the company has adopted the following strategies:

! Invested all monies received from the sale of Karagi Court Retirement Village in the Capital Account

! A minimum of twenty percent (20%) of the income received from the investment of the Capital Account to be reinvested in the Capital Account

! That the remainder of the income earned be distributed in accordance with the resolution of the directors. The Directors endeavour to distribute 70% of the income earned to Central Coast charities.

1 The Central Coast refers to the current Central Coast Local Government Area (LGA) which is shown on page 18

Auditor’s Independence Declaration

Auditor’s Independence Declaration

to the Directors of Karagi Court Ltd

As lead auditor for the audit of Karagi Court Ltd for the year ended 31 December 2025, I declare that, to the best of my knowledge and belief, there have been:

(i) no contraventions of the auditor independence requirements as set out in the Australian Charities and Not-for-profits Commission Act 2012 in relation to the audit; and

(ii) no contraventions of any applicable code of professional conduct in relation to the audit.

FORTUNITY ASSURANCE

Adrian Thompson Partner

167B The Entrance Road, Erina NSW, 2250

Dated: 17 February 2026

Statement of Profit or Loss and Other Comprehensive Income

The accompanying notes form part of these financial statements.

Statement of Financial Position

as at 31 December 2025

Statement of Changes in Members Funds

for the year ended 31 December 2025 The accompanying notes form part of these financial statements.

Statement of Cash Flows

for the year ended 31 December 2025

Notes to the Financial Statements

for the year ended 31 December 2025

Note 1. Summary of Significant Accounting Policies

The financial statements are for Karagi Court Limited as an individual entity, incorporated and domiciled in Australia. Karagi Court Limited is a company limited by guarantee.

Basis of Preparation

The financial report is a special purpose financial report in order to satisfy the financial reporting requirements of the Corporations Act 2001 and the Australian Charites and Not-for-profits Commission Act 2012 and associated regulations. In the Board’s opinion, the incorporated association is not a reporting entity because there are no users dependent on general purpose financial statements.

The financial statements, except for the cash flow information have been prepared on an accruals basis and are based on historical costs, modified, where applicable, by the measurement at fair value of selected non-current assets, financial assets and financial liabilities. The amounts presented in the financial statements have been rounded to the nearest dollar.

These are special purpose financial statements that have been prepared for the purpose of complying with the Australian Charites and Not-for-profits Commissions Act 2012 and associated regulations. The Board have determined that the accounting policies adopted are appropriate to meet the needs of the members of the Karagi Court Limited.

These financial statements have been prepared in accordance with the recognition and measurement requirements specified by the Australian Accounting Standards and Interpretations issued by the AASB and the disclosure requirements of AASB 101 ’Presentation of Financial Statements’; AASB 108 ‘Accounting Policies, Changes in Accounting Estimates and Errors’; AASB 1048 ‘Interpretations of Standards’ as appropriate for not-for-profit oriented entities.

The financial statements were authorised for issue on 17 February 2026 by the directors of the company.

Income Tax

The Company is exempt from income tax under Division 50 of the Income Tax Assessment Act.

Revenue

Revenue is recognised when the amount of the revenue can be measured reliably, it is probable that economic benefits associated with the transaction will flow to the Company and specific criteria relating to the type of revenue as noted below, have been satisfied. Revenue is measured at the fair value of the consideration received or receivable and is presented net of returns, discounts and rebates.

Sale of goods

Revenue is recognised on transfer of goods to the purchaser as this is deemed to be the point in time when risks and rewards are transferred and there is no longer any ownership or effective control over the goods.

Donations and bequests are recognised as revenue when received.

Interest revenue is recognised using the effective interest method, which for floating rate financial assets is the rate inherent in the instrument. Dividend revenue is recognised when the right to receive a dividend has been established.

Cash and Cash Equivalents

Cash and cash equivalents comprises cash on hand, demand deposits and short-term investments which are readily convertible to known amounts of cash and which are subject to an insignificant risk change in value.

Plant and Equipment

Plant and equipment are measured on the cost basis and are therefore carried at cost less accumulated depreciation and accumulated impairment losses. In the event the carrying amount of plant and equipment is greater than its estimated recoverable amount, the carrying amount is written down immediately to the estimated recoverable amount and impairment losses are recognised either in profit or loss. A formal assessment of recoverable amount is made when the impairment indicators are present (refer to note 1(e) for details of impairment.

Plant and equipment that have been contributed at no cost are recognised at the fair value of the asset at the date it is acquired.

Depreciation

The depreciable amount of all fixed assets is depreciated on a straight line basis over the asset’s useful life to the entity commencing from the time the asset is held ready for use.

The depreciation rates used for each class of depreciable assets are: Class of Fixed Asset

Plant & Equipment 25 – 50%

The assets’ residual values and useful lives are reviewed, and adjusted if appropriate, at end of each reporting period.

Gains and losses on disposals are determined by comparing proceeds with the carrying amount. These gains or losses are recognised in profit or loss in the period in which they arise.

Financial Instruments Recognition

Financial assets and financial liabilities are recognised when the entity becomes a party to the contractual provisions to the instrument. For financial assets, this is equivalent to the date that the company commits itself to either purchase or sell the asset (i.e. trade date accounting is adopted). Financial instruments are initially measured at cost which includes transaction costs when the related contractual rights or obligations exist. Subsequent to initial recognition these instruments are measured as set out below.

Financial assets

Financial assets that are within the scope of the accounting standards are required to be subsequent measured at amortised or fair value on the basis of the business model for managing financial assets and the contractual cash flow characteristics of the financial assets. The Company holds no fair value financial asset at balance date.

Financial liabilities

Non-derivative financial liabilities are recognised at amortised cost, comprising original debt less principal payments and amortisation.

Impairment of Assets

At the end of each reporting period, the entity assesses whether there is any indication that an asset may be impaired. If such an indication exists, an impairment test is carried out on the asset by comparing the recoverable amount of the asset, being the higher of the assets fair value less costs to sell and value in use, to the assets carrying amount. An excess of the assets carrying amount over its recoverable amount is recognised immediately in profit or loss, unless the asset is carried at a revalued amount in accordance with another standard (e.g. in accordance with the revaluation model in AASB 116). Any impairment loss of a revalued asset is treated as a revaluation decrease in accordance with that other standard.

Where it is not possible to estimate the recoverable amount of an individual asset, the entity estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Critical Accounting Estimates and Judgments

The directors evaluate estimates and judgments incorporated into the financial statements based on historical knowledge and best available current information. Estimates assume a reasonable expectation of future events and are based on current trends and economic data, obtained both externally and within the company.

Goods and Services Tax (GST)

The Company is not currently registered for GST.

Comparative Figures

Where required by Accounting Standards, comparative figures have been adjusted to conform with changes in presentation for the current financial year.

Note 2. Revenue and Other Income

Note 3. Profit before income tax

Note 4. Cash and Cash Equivalents

Note 5. Other Receivables

Note 6. Financial Assets As at 31 December

1,667,687 1,693,855 1,667,687

Note 7. Accrued expenses

Note

8. Cash Flow Information

(a) Cash

For the purpose of the statement of cash flows, cash includes:

(i) cash on hand and in at call deposits with banks or financial institutions, net of bank overdrafts; and (ii) investments in money market instruments.

provided by (used in) Operating activities

flows in operating profit – Distributions re-invested

on sale of investment

Changes in net assets and liabilities:

Note

9. Company Details

The registered office of the Company is: Erina Business Park 167B The Entrance Road Erina NSW 2250

The principal place of business is: 40 Etna Street, North Gosford NSW 2250

Directors’ Declaration

For the Financial Year Ended 31 December 2025

The directors declare that:

1. The financial statements and notes are in accordance with Australian Charities and Not-for-profits Commission Act 2012 and:

a) Comply with Australian Accounting Standards; and

b) Give a true and fair view of the financial position as at 31 December 2025 and of the performance for the year ended on that date of the entity.

2. In the directors’ opinion there are reasonable grounds to believe that the entity will be able to pay its debts as and when they become due and payable.

Signed in accordance with a resolution of the directors made pursuant to s.60-15 of the Australian Charities and Not-for-profits Commission Regulation 2013.

C.W. Matthews

G.K. Ingall

J.A. Noble Director Director Director

17 February 2026

Independent Auditor’s Report

To the Members of Karagi Court Limited

Opinion

We have audited the accompanying financial report of Karagi Court Limited (the company), which comprises the statement of financial position as at 31 December 2025, the statement of comprehensive income, statement of changes in members funds and statement of cash flows for the year then ended, notes comprising a summary of significant accounting policies and other explanatory information, and the directors’ declaration.

In our opinion, the accompanying financial report of Karagi Court Limited is prepared, in all material respects, in accordance with the Australian Charities and Not-for-profits Commission Act 2012, including:

(a) giving a true fair view of the company’s financial position as at 31 December 2025 and of its financial performance for the year then ended; and

(b) complying with Australian Accounting Standards to the extent described in Note 1 and the Australian Charities and Not-for-profits Commission Regulation 2013

(c) the Charitable Fundraising Act 1991, including

(i) the financial report shows a true and fair view of the financial result of fundraising appeals for the year to which they relate; and

(ii) the financial report and associated records have been properly kept during the year in accordance with this Act and the regulations; and

(iii) money received as a result of fundraising appeals conducted during the year has been properly accounted for and applied in accordance with this Act and the regulations; and

(iv) Karagi Court Limited is solvent, as it is able to pay its debts as and when they fall due.

We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Report. We are independent of the company in accordance with the ethical requirements of the Accounting Professional and Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants (the Code) that are relevant to our audit of the financial report in Australia. We have also fulfilled our other responsibilities in accordance with the Code.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Emphasis of Matter

The financial report of Karagi Court Limited is a special purpose financial report that has been prepared in accordance with the accounting policies described in Note 1 of the financial report.

Other Information

Those charged with governance are responsible for the other information. The other information comprises the information included in the Company’s annual report for the year ended 31 December 2025, but does not include the financial report and our auditor’s report thereon.

Our opinion no the financial report does not cover the other information and accordingly we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial report, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial report or our knowledge obtained in the audit or otherwise appears to be materially misstated.

If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this report.

Responsibilities of the Directors for the Financial Report

The directors of the registered entity are responsible for the preparation of the financial report that gives a true and fair view in accordance with Australian Accounting Standards and the Australian Charities and Not-for-profits Commission Act 2012 and for such internal control as the committee members determine is necessary to enable the preparation of the financial report that is free from material misstatement, whether due to fraud or error.

In preparing the financial report, the directors are responsible for assessing the registered entity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the registered entity or to cease operations, or have no realistic alternative but to do so.

The Directors are responsible for overseeing the Company’s financial reporting process.

Auditor’s Responsibilities for the Audit of the Financial Report

Our objectives are to obtain reasonable assurance about whether the financial report as a whole is free from misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the Australian Auditing Standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this financial report.

As part of an audit in accordance with the Australian Auditing Standards, we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

! Identify and assess the risks of material misstatement of the financial report, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than one from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

! Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the registered entity’s internal control.

! Evaluate the effectiveness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

! Conclude on the appropriateness of the directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt no the registered entity’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial report or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the registered entity to cease to continue as a going concern.

! Evaluate the overall presentation, structure and content of the financial report, including the disclosures and whether the financial report represents the underlying transactions and events in a manner that achieves fair presentation.

We communicate with the directors regarding, among other maters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

FORTUNITY ASSURANCE

Adrian Thompson Partner

167B The Entrance Road, ERINA NSW 2250

Dated: 17 February 2026

Additional Financial Information

Profit and Loss Statement

for the year ended 31 December 2025

Confirmation of Capital Investment

Dear Directors, Income Allocation Letter – 2025

We have completed our audit of the company’s books and records for the year ended 31 December 2025.

As part of our audit we have in accordance with the company’s constitution determined that the gross earnings of the company should be allocated as follows: $

We have set out below details of the current amounts available in respect of the year ended 31 December 2025.

* We advise that the Overhead Expenses includes all direct costs of operating Karagi Court Ltd, however excludes investment management fees which are charged on investments held with Macquarie Investment Management Limited.

The Company has also set an investment policy whereby they have set a trigger point for the increase and decreases in the markets to ensure that the risk of falls and increases are managed.

We have reviewed the accounting system and other records and do not recommend that any changes or improvements are required.

Should you require any further information in relation to the above please do not hesitate to contact the writer on 02 4304 8888.

Yours sincerely

FORTUNITY ASSURANCE

Adrian Thompson Partner

Treasurer’s Report

The year of 2025, is considered to be on par with that of the year 2024 and considerably better than the previous year of 2023 with the markets a lot more stable.

The Finance Committee consisting of Mr Graeme Ingall, Mr Chris Matthews, Mr Jim Noble, Mr Ben Falconer, and Mr David Levesque are to meet with Mr Shaun O’Farrell of Premium Wealth Management Limited (Fortunity Financial Planning) and Mr Adrian Thompson (Auditor) on Tuesday 10 February 2026 to discuss the results of the 2025 Portfolio. The fees for these services are $12,066.24 financial and $5,610.00 audit per annum.

We now have $250K @ 4.6% with Goldfields Money Business, $250K @ 4.5% with Community First Credit Union for 369 days, $250K @4.8% with Judo Bank, $250K @4.75% with HBA, $250K @ 4.9% with Move Bank for 369 days, $250K @ 4.75% with Challenger Bank for 366 days, $250K @ 4.75% with Challenger Bank for 731 days and $250K @ 4.5% with AMP for 365 days.

During the year of 2025, we made a nett interest of $158,812. The Company donated $105,649 to worthy causes within the Central Coast Local Government Area. As per our constitution, 20% of our dividends were reinvested into the principal giving the Company a total valuation in excess of $4 million. Some of the recipients of our donations were: the Smith Family, the Shirley Shuttle, Berkley Vale Neighbourhood Centre, Gosford RSL, Feed the Need, Narara Neighbourhood Centre, CC Surf Lifesaving, Toukley Neighbourhood Centre, CC Bulldogs, CC Kids in Need, Brisbania Public School, Soldiers Beach SLSC, Long Jetty Over 50’s Club and The Entrance Neighbourhood Centre.

Directors were reimbursed for out-of-pocket expenses only and no Director has received fees or consultation fees in 2025; all Directors work on a voluntary basis. During 2025, the Company paid a premium of $1,402.45 for Directors Indemnity, Public Liability, Volunteers Insurance as well as Car Insurance for all Directors and Members whilst on official business. We also paid $2,496.00 for storage facilities.

I would like to thank all members and directors for the assistance they have given me during this year.

Chris Matthews Treasurer

27 February 2026

Charity Officer’s Report

This has been another turbulent year for politics, economics, trade and conflict worldwide and has obviously caused feelings of uncertainty and additional hardship to our community on the Central Coast.

This past year has seen a continuation, if no actual growth, in the needs of our local community away from equipment and towards more basic staples such as food, clothing, housing, and access to finance assistance.

We have been able to assist some of our community partners by providing support and stability in the funding of their programmes and we have welcomed the opportunity to assist a few more neighbourhood centres and projects this past year. We are committed to continuing our support for the Central Coast Community wherever and whenever we can. The work we do is very rewarding and a keystone value of a freemason’s heart, but we are also truly humbled when we see all the hard work and tireless effort of the workers, volunteers and organisations on the Central Coast helping so many people.

These are just a few of the organisations we were able to assist in 2025.

Sponsorships:

Central Coast Surf Lifesaving; Central Coast Kids in Need (CCKIN); Central Coast Bulldogs (Masters Team); and Smith Family – Sponsor 10 children.

Donations:

Berkeley Vale Neighbourhood Centre (Water pump for irrigating their Community Garden growing vegetables and herbs and two Laptops and a Mobile Phone to upgrade their outdated technology); The Entrance Neighbourhood Centre (Desktop Computer to upgrade their outdated technology); Narara Neighbourhood Centre (Smart TV and Surround Sound System for use by their Community Clubs and Venue users); Gosford RSL Sub Branch (Laptops and an Office Printer to upgrade their outdated technology); Long Jetty Over 50’s Club (Wireless Headset Microphones for use by their Community Clubs and Venue users); Brisbania Public School (2 x $ 100 scholarships for Year 5); and Soldiers Beach SLSC (NIPA – Learn to swim programme at Toukley Swimming Pool for the Nippers).

Lodge Fundraising Assistance:

There has been a lot of contemplation by the Board of Directors for more than two years now on how we can support and encourage the District 21 Lodges and other Masonic Groups on the Central Coast to undertake fundraising initiatives to raise monies in support of organisations that really need their assistance.

Lodge Fundraising began in August – it was a test – and was then confirmed at the October meeting of District 21. It was a great achievement to officially start the Lodge Fundraising Assistance Programme this year and, in its infancy, it has been very successful. The participating Freemason groups this year were:

Central Coast Lodge

The Central Coast Lodge once again this year proved themselves to be the most active publicly with social days, barbecues, and other events. They had the opportunity thanks to Bunnings at West Gosford to have two Barbecue days. We contributed to the material cost of both those events to maximise the donations to their nominated recipients.

9 August 2025 – Bunnings Sausage Sizzle

Central Coast ARAFMI was the recipient of the raised funds; that organisation does great work providing support and assistance for mental health on the Central Coast.

15 November 2025 – Bunnings Sausage Sizzle

Business with a Heart was the recipient of the raised funds on this occasion; they provide adorable cute teddy bears to children in hospital who are undergoing major surgery or treatment. These bears have such a great impact on the children who are overwhelmed by their condition and have long moments when their parents, siblings, family, and friends aren’t there. These bears need cuddling and are very good listeners, so the child has someone to talk to and distract them from their surroundings.

Lodge Wyong Tuggerah Lakes

Wyong Tuggerah Lakes Lodge, with the assistance of some Central Coast Lodge, motivation proved that they could organise and mobilise for a good cause as well. They had the opportunity thanks to Bunnings at Tuggerah to also be allocated two Barbecue days. We contributed to the material cost of both those events to maximise the donations to their nominated recipients.

18 October 2025 and 31 January 2026 – Bunnings Sausage Sizzles

Central Coast Kids in Need was the recipient of the raised funds; that organisation does great work providing support and assistance for unwell children and their families on the Central Coast which includes contributing towards the cost of medicines, transport to doctors, specialists, and hospitals. Some of those unfortunate children are in hospital for a very long time and their parents often must stay in accommodation nearby in case of emergency. CCKIN also assist them with finding accommodation and contributing to that cost burden.

District 21

The Lodges Christmas Party had a free BBQ and an open invite to all Freemasons on the Central Coast to attend with family, friends, and anyone they knew who could be interested in learning more about Freemasonry. There were donation tins scattered around the event to raise much-needed money for the support of the Smith Family.

District 21 are also running a raffle with a great holiday prize incentive to raise money for the Smith Family which we have sponsored.

It should be noted that Freemasons on the Central Coast members assisted in all events.

I would also like to thank the Board members for their support and contributions over the last 12 months. Charity is one of the main tenets of Freemasonry and certainly rewards all those who practice it. We look forward as a Board to continue assisting the community over the ensuing 12 months and I would like to leave you with this thought as we welcome another new year.

“Charity is patient and kind, charity is not jealous or boastful; it is not arrogant or rude. Charity does not insist on its own way; it is not irritable or resentful; it does not rejoice at wrong, but rejoices in the right.”

Leigh Pollard Chairman of the Charities Committee

27 February 2026

Additional Information

Directors’ Attendance at Board Meetings

(from 22 May 2025 to 23 April 2026)

Life Members

(as of 31 December 2025)

Gary Robert Young

David Bowring Walker

Graeme Kenneth Ingall

Maxwell Robert Hiron

Christopher William Matthews

Total Life Members = 5

Life Member since

23 April 2013

30 April 2015

3 May 2018

23 April 2019

5 May 2021

List of Members

(as of 31 December 2025)

Marcelo Aguanta

Stuart Butler

Jeffrey J Carey

Richard K Collins

Derek Crawford

Cornelio De Los Santos

Benjamin Falconer

Eric Gibbs

Max R Hiron (L)

Paul A Kelly

David Leabeater

Rex A Mccormick

Alex J Mountain

Lance Nelson

Guillermo Pastana-Gonzalaz

Leigh Pollard

Guy Thornycroft

David B Walker (L)

Roger J Whitehead

Simon Woods

Total Members = 40

L = Life members

Ron Arnott

Jake Bright

Cameron Churchill

John Cooper

Ben Crockett

John Edgington

Brenden Flynn

Steven Hart

Graeme K Ingall (L)

Andrew Kfoury

David I Levesque

Christopher W Matthews (L)

Craig A Nash

James A Noble

Simon Pierce

Michael Sharpe

Ian Todd

Geoffrey Whitehead

David Williams

Gary R Young (L)