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2025-08-31-accounts

REGISTERED CHARITY NUMBER: 1144943

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Mike Campbell Foundation

Mike Campbell Foundation

Contents of the Financial Statements for the Year Ended 31 August 2025

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Statement of Financial Position 10
Notes to the Financial Statements 11 to 17

Mike Campbell Foundation

Reference and Administrative Details for the Year Ended 31 August 2025

TRUSTEES Mrs P C Freeth (Chair)
L C Hardingham (Secretary)
R B Ridgway (Treasurer)
Ms E M Angula
K Hames
M Perkin
Ms R Summerfield
J W Webb-Peploe
PRINCIPAL ADDRESS Woodgate Farm
Oad Street
Borden
Sittingbourne
ME9 8JX
REGISTERED CHARITY 1144943
NUMBER
INDEPENDENT EXAMINER Ardor Business Solutions Limited
Chartered Certified Accountants
Unit 1
Shrine Barn
Sandling Road
Hythe
Kent
CT21 4HE
BANKERS Barclays bank PLC
Leicester
LE87 2BB

Page 1

Mike Campbell Foundation

Report of the Trustees for the Year Ended 31 August 2025

Patrons and ambassadors

Throughout the year, the Foundation has continued to receive great support from its Patron, Lord Dannatt, GCB CBE MC DL, who has been an Ambassador for the Foundation for some years and accepted to become a Patron in 2020.

The Trustees thank The Lord Dannatt and its other key supporters designated as Ambassadors, Professor Sir Jeffrey Jowell KCMG QC, human rights lawyer (UK), Mrs Jenny Baraclough OBE, film producer (UK); Mr Richard Oldfield, investment adviser (UK); Dr Craig Richardson, Professor of Economics, Winston-Salem University (US); Anthony Shillington, the Foundation's former Fundraiser and Trustee (UK); and Alastair Jackson former secretary and Trustee (UK) for their support. All have freely made their time and expertise available to the Foundation during the year, for which the Trustees are extremely grateful.

Trustees

There has been no change to the Trustees over the last year bringing continuity as we operate a small but cohesive group, bringing a considerable range of skills and experience to bear within the Foundation.

Page 2

Mike Campbell Foundation

Report of the Trustees for the Year Ended 31 August 2025

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Trustees have carefully considered the Charity Commission's general guidance on public benefit during their review of the Foundation's aims and objectives, and in the formulation of future initiatives. Particular attention has been given to ensuring that all planned activities are aligned with and actively advance the Foundation's strategic goals.

The Foundation is dedicated to the promotion and protection of human rights, as defined by the Universal Declaration of Human Rights, subsequent United Nations Conventions and Declarations, and those enshrined within the Treaty establishing the Southern African Development Community (SADC). Our work focuses on Zimbabwe and other SADC member countries, where applicable. Through a range of targeted actions-including advocacy, research, technical advisory services, and raising public awareness-we strive to make a meaningful and measurable impact in safeguarding human rights and supporting victims of human rights abuses.

By doing so, the Foundation seeks not only to uphold international legal standards but also to foster long-term positive change within communities across the region by:

In pursuit of its objectives and aims, the Mike Campbell Foundation has continued to direct its efforts towards addressing the severe challenges facing Zimbabwe's farming communities. The ongoing economic collapse and resultant widespread human suffering can be attributed, in large part, to the Government's persistent disregard for the Rule of Law-particularly with respect to the property rights of individuals. These fundamental principles are essential for national recovery and prosperity; without them, sustainable reconstruction remains unattainable.

The country is currently experiencing a critical food crisis, exacerbated by a poor rainy season, with approximately 60% of the population-over eight million people in both urban and rural areas-now dependent on international food aid. In previous years, effective irrigation systems and sound agricultural practices would have lessened the impact of inconsistent rainfall and ensured food security. This situation underscores the urgent necessity for the establishment and protection of property rights.

Furthermore, the systematic abuse of Zimbabwean citizens has intensified. Instances of harassment and abuse by military personnel are commonplace, fostering an atmosphere of fear and enabling pervasive corruption.

Despite these considerable obstacles, the Foundation successfully sustained its Open Pollinated Seed Project through to harvest, producing 20,000 four-kilogramme seed packs for distribution-an increasingly vital resource for many communities. Our unwavering commitment to the restoration of human and property rights, as well as the Rule of Law, remains at the forefront of our mission, and we have made meaningful progress towards achieving these goals.

Page 3

Mike Campbell Foundation

Report of the Trustees for the Year Ended 31 August 2025

As recorded in previous Annual Reports, the Foundation recognises that it cannot achieve its goals on its own and it continues to work with like-minded organisations, especially where they are able to add levels of expertise. We work with Foundations for Farming (FfF) in sponsoring destitute farmers to learn the principles of Conservation Agriculture and distributing the majority of the seed packs we produce. On issues of justice and human rights in the wider sphere, we continue to work with the SADC Lawyers' Association, the Southern Africa Litigation Centre, the International Commission of Jurists, The Law Society of Namibia, The Law Society of South Africa, Zimbabwe Exiles' Forum, SADC Lawyers for Human Rights, AfriForum, Veritas Zimbabwe, Human Rights Watch, and Legatum, all of whose support and assistance we gratefully acknowledge. The local support that we receive from the small group of highly respected and principled lawyers willing to stand up for human rights and the restoration of justice is critical in all that we do.

The Foundation's Executive Director in Zimbabwe, Ben Freeth, continues to initiate and develop our activities in close collaboration with the Trustees. His inspiring leadership remains steadfast, and while based in Harare, he provides unwavering support to farmers and their workers who face abuse and imprisonment. He also frequently contributes to the media and is recognised as a reliable and honest source of information for both international journalists and local embassy officials.

Significant activities

(i) Contributing to the sound administration of human rights law

We remain resolute in our pursuit of the full restoration of the Southern African Development Community's regional court, the SADC Tribunal, whose dissolution by the SADC Heads of State in 2012 was both unilateral and contrary to the principles of justice and accountability. To this end, we have formally petitioned the High Court in Gaborone, seeking a directive compelling the SADC Secretariat to:

  1. Re-establish the SADC Tribunal as per the valid protocol that first established it for all the 400 million citizens of SADC

  2. Take measures to ensure compliance with previous final and binding judgments by the SADC Tribunal

(ii) Relieving need among the victims of human rights abuse

We continue to hold Foundations for Farming (FfF) courses, enabling destitute farmworkers to acquire vital agricultural skills and improve their prospects. The programme now emphasises a multiplier effect, encouraging participants to share their knowledge within their communities.

Despite challenging rainfall, our Open Pollinated Seed Project has remained resilient, producing maize seed for distribution to FfF course beneficiaries and other struggling farmers. This year, we expect approximately 136,000 people to benefit, including those using seed retained from previous years. Bruce Campbell has also ensured a reserve for the next planting season.

With state schools effectively closed and teachers underpaid, our support for farmworkers' children's education shifted to a home school that we have now built which provides education for 180 children.

(iii) Raising awareness of human rights issues

The Foundation remains steadfast in its commitment to uniting church leaders across Zimbabwe to confront the country's severe physical and material injustices. By forging a robust theological foundation, we aim to drive meaningful action and lasting change. Our ongoing efforts to keep the media well-informed ensure that the dire situation in Zimbabwe, along with the injustices suffered by its people, remains in the public eye. We are relentless in our advocacy, engaging influential audiences and government representatives to press for justice and lasting reform.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

Our activities, as outlined above, are carefully selected and executed with a continual focus on advancing our dual objectives of justice and mercy. The pursuit of justice encompasses our commitment to human rights initiatives, while mercy is embodied through our humanitarian efforts directed primarily towards those most affected by injustice, notably former farmworkers.

Page 4

Mike Campbell Foundation

Report of the Trustees for the Year Ended 31 August 2025

ACHIEVEMENTS AND PERFORMANCE

Fundraising activities

i. Overall, donations, grants and other income stood at £143,170 throughout the year. Although securing support for general/core funding requires constant attention, we were able to control such expenditure materially so that, at the end of the year, outgoings both in respect of general/core funding and for specific Projects was £172,226 .

ii. Established and new individual supporters in the UK have generously subscribed to the efforts of the Foundation over the period, many via Gift Aid or CAF cheques. Funds received from individuals, including in a material number of instances donations in excess of £1,000 and a number considerably more, have been maintained at a similar level to that in previous years.

iii. The funding secured from donations and legacies (such as Grant Making Trusts) has continued strongly, with many of the same organisations maintaining their support. During the 2024/25 financial year, funds raised via such means stood at £142,918 .

iv. Support from UK churches continues to be an important part of the Foundations fundraising work with St Marys Church, Speldhurst; St. Luke's Church, Maidstone; St. Justus, Rochester and St. Mark's, Gillingham taking a leading role; increasing church donations and the number of churches providing support remains a priority, whilst recognising that many other churches have been closely involved with our work and have parishioners who support us financially.

v. We have maintained the status of the Foundation as an "equivalent charity" and securing S.501 (c) 3 status through the relationship established with the King Baudouin Foundation United States. We are grateful for the support given by KBFUS, which enables US citizens to maximise tax deductible donations to the Foundation; this continues to be beneficial in raising funds from generously inclined US citizens.

FINANCIAL REVIEW

Financial summary for the year

As more particularly detailed in the Financial Statements attached to and forming part of this Report, the financial performance of the Foundation can be summarised as follows:

Principal funding sources

As described above, the charity received private donations from individuals, churches and GMTs during the period. The Trustees are mindful that a considerable proportion of its funding for specific Projects is received from a comparatively small number of generous donors and is continuing its efforts to broaden the Foundation's financial supporter base.

Reserves policy

The charity aims to have reserves that ensure that it has sufficient working capital, bearing in mind the timing of receipts from donors and project related expenditure. The Trustees recognise that in respect of specific Projects income can frequently be matched to budgeted expenditure, whereas generation of General or Core funds is less so and can fluctuate considerably from month to month and quarter to quarter.

Accordingly, the Trustees have determined that a Reserve equivalent to not less than three months budgeted expenditure is both desirable and prudent in respect of General/Core. Unfortunately, this has not been maintained throughout the year; there have been considerable fluctuations but funding was much on target by the end of the year and the Trustees are ever mindful of the target they have set themselves.

Page 5

Mike Campbell Foundation

Report of the Trustees for the Year Ended 31 August 2025

FUTURE PLANS

The Charity anticipates that its current work will continue to develop in line with the available budget and its 2025/26 budget anticipates a continuing level of activity increased to some extent over that achieved in 2024/25.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a Deed of Trust, and constitutes an unincorporated charity.

The Declaration of Trust was made on 11 December 2011.

Recruitment and appointment of new trustees

Every trustee must be appointed by a resolution of the trustees passed at a special meeting called in accordance with the Trust Deed. In selecting individuals for appointment as trustees, the trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity.

Organisational structure

The Charity Trustees held four meetings during the year and a one-off special Strategy and Planning Meeting. Day to day operational matters are co-ordinated and administered by the Chair. Financial decisions are made by the Trustees collectively.

The Charity continues to maintain a lean organisation. Hayley Kemsley, has gallantly taken on the role of Administrative Assistant in addition to her role as Bookkeeper. She is presently coping extremely well but the situation will need to be kept under review as circumstances change.

The Trustees are also most grateful for the advice received from time to time from the Foundation's Independent Examiner, Ardor Business Solutions. Contracts for professional assistance in maintaining and administering the Foundation`s complex and extensive database and for technical IT support have also been maintained.

The Trustees express their thanks to all concerned and continue to be mindful of the need to contain expenses and are making their decisions with great care. Except for the appointments noted, the Charity continues for the time being to operate in the UK on a voluntary basis.

In Zimbabwe, Ben Freeth, the Executive Director, continues to be supported by an outstanding research, administration and public relations specialist - Mrs. Glyn Hunter. In addition, there is a part-time specialist assistant supporting the social media programme. Additional payments are made for specific projects where necessary to people with the required skills locally.

As noted previously, the Open Pollinated Seed Project (see Significant Activities, above) has completed its seventh year of operation, but on a revised basis. Primary responsibility is now being outsourced for management of the Project, and co-ordinating the preparation, planting, tending and harvesting of the crops and distribution of the packaged seed to nominees of the Foundation.

Induction and training of new trustees

New trustees are provided with copies of the Trust Deed and key policy documents. Before formally joining, we encourage them to meet existing trustees and an invitation is extended to attend a meeting of the trustees. Training can also be provided if required.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Given the difficulties and uncertainties which are readily apparent from the section relating to our Organisation and Objectives, we have devoted much time to ensure our procedures are robust and will continue to monitor the situation and the options available.

Page 6

Mike Campbell Foundation

Report of the Trustees for the Year Ended 31 August 2025

Approved by order of the board of trustees on 20 January 2026 and signed on its behalf by:

Mrs P C Freeth - Trustee

Page 7

Independent Examiner's Report to the Trustees of Mike Campbell Foundation

Independent examiner's report to the trustees of Mike Campbell Foundation

I report to the charity trustees on my examination of the accounts of Mike Campbell Foundation (the Trust) for the year ended 31 August 2025.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Bryan Michael Kemsley FCCA FMAAT

Ardor Business Solutions Limited Chartered Certified Accountants Unit 1 Shrine Barn Sandling Road Hythe Kent CT21 4HE

20 January 2026

Page 8

Mike Campbell Foundation

Statement of Financial Activities for the Year Ended 31 August 2025

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
90,405
Other trading activities
2
110
Investment income
3
142
Total
90,657
EXPENDITURE ON
Raising funds
100
Charitable activities
Fieldwork
80,893
Total
80,993
NET INCOME/(EXPENDITURE)
9,664
Transfers between funds
10
(24,550)
Net movement in funds
(14,886)
RECONCILIATION OF FUNDS
Total funds brought forward
65,834
TOTAL FUNDS CARRIED FORWARD
50,948		 Restricted
funds
£
52,513
-
-
52,513
-
91,233
91,233
(38,720)
24,550
(14,170)
32,762
18,592		 31/8/25
Total
funds
£
142,918
110
142
143,170
100
172,126
172,226
(29,056)
-
(29,056)
98,596
69,540		 31/8/24
Total
funds
£
142,775
-
340
143,115
190
175,427
175,617
(32,502)
-
(32,502)
131,098
98,596

The notes form part of these financial statements

Page 9

Mike Campbell Foundation

Statement of Financial Position 31 August 2025

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
6
423
CURRENT ASSETS
Stocks
7
500
Debtors
8
5,169
Prepayments and accrued income
3,093
Cash at bank and in hand
51,520
60,282
CREDITORS
Amounts falling due within one year
9
(9,757)
NET CURRENT ASSETS
50,525
TOTAL ASSETS LESS CURRENT
LIABILITIES
50,948
NET ASSETS
50,948
FUNDS
10
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
-
-
18,592
18,592
-
18,592
18,592
18,592		 31/8/25
Total
funds
£
423
500
5,169
3,093
70,112
78,874
(9,757)
69,117
69,540
69,540
50,948
18,592
69,540		 31/8/24
Total
funds
£
714
600
16,602
5,660
79,543
102,405
(4,523)
97,882
98,596
98,596
65,834
32,762
98,596

The financial statements were approved by the Board of Trustees and authorised for issue on 20 January 2026 and were signed on its behalf by:

P C Freeth - Trustee

The notes form part of these financial statements

Page 10

Mike Campbell Foundation

Notes to the Financial Statements for the Year Ended 31 August 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - straight line over 3 years

Assets costing over £100 are treated as capital items.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Page 11

continued...

Mike Campbell Foundation

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

2. OTHER TRADING ACTIVITIES

OTHER TRADING ACTIVITIES
31/8/25 31/8/24
£ £
Sales of DVD's and books 110 -
INVESTMENT INCOME
31/8/25 31/8/24
£ £
Deposit account interest 142 340

3. INVESTMENT INCOME

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
79,505
Investment income
340
Total
79,845
EXPENDITURE ON
Raising funds
190
Charitable activities
Fieldwork
104,563
Total
104,753
NET INCOME/(EXPENDITURE)
(24,908)
Transfers between funds
445
Net movement in funds
(24,463)
RECONCILIATION OF FUNDS
Total funds brought forward
90,297
TOTAL FUNDS CARRIED FORWARD
65,834		 Restricted
funds
£
63,270
-
63,270
-
70,864
70,864
(7,594)
(445)
(8,039)
40,801
32,762		 Total
funds
£
142,775
340
143,115
190
175,427
175,617
(32,502)
-
(32,502)
131,098
98,596

Page 12

continued...

Mike Campbell Foundation

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

6. TANGIBLE FIXED ASSETS

COST
At 1 September 2024 and
31 August 2025
DEPRECIATION
At 1 September 2024
Charge for year
At 31 August 2025
NET BOOK VALUE
At 31 August 2025
At 31 August 2024
7.
STOCKS
Stocks of books
8.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors		 Computer
equipment
£
2,407
1,693
291
1,984
423
714
31/8/25
31/8/24
£
£
500
600
31/8/25
31/8/24
£
£
5,169
16,602
31/8/25
31/8/24
£
£
4,253
3,231
5,504
1,292
9,757
4,523

Page 13

continued...

Mike Campbell Foundation

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

10. MOVEMENT IN FUNDS

Net
movement
At 1/9/24
in funds
£
£
Unrestricted funds
General fund
65,834
9,664
Restricted funds
Accountability Project
-
(6,362)
School Fee Fund
15,486
(8,695)
Welfare Fund
4,860
(9,864)
Open Pollinated Seed Project (formerly
Amish Project)
3,144
(16,328)
Bible Fund
391
(68)
Farming for Destitute Farmworkers
18
1,507
Gordon Putterill Fund
3,575
-
School Project
5,288
1,090
32,762
(38,720)
TOTAL FUNDS
98,596
(29,056)
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
90,657
Restricted funds
Accountability Project
-
School Fee Fund
5,100
Welfare Fund
7,500
Open Pollinated Seed Project (formerly
Amish Project)
26,422
Bible Fund
-
Farming for Destitute Farmworkers
7,646
School Project
5,845
52,513
TOTAL FUNDS
143,170		 Transfers
between
At
funds
31/8/25
£
£
(24,550)
50,948
6,362
-
-
6,791
5,004
-
13,184
-
-
323
-
1,525
-
3,575
-
6,378
24,550
18,592
-
69,540
Resources
Movement
expended
in funds
£
£
(80,993)
9,664
(6,362)
(6,362)
(13,795)
(8,695)
(17,364)
(9,864)
(42,750)
(16,328)
(68)
(68)
(6,139)
1,507
(4,755)
1,090
(91,233)
(38,720)
(172,226)
(29,056)

Page 14

continued...

Mike Campbell Foundation

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

10. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net Transfers
movement between At
At 1/9/23 in funds funds 31/8/24
£ £ £ £
Unrestricted funds
General fund 90,297 (24,908) 445 65,834
Restricted funds
Accountability Project - (6,408) 6,408 -
School Fee Fund 21,698 (6,212) - 15,486
Luke Fund 209 (209) - -
Welfare Fund - 2,120 2,740 4,860
Open Pollinated Seed Project (formerly
Amish Project) 3,245 (101) - 3,144
Bible Fund 581 (190) - 391
Farmers Speak Project 9,593 - (9,593) -
Farming for Destitute Farmworkers - 18 - 18
Gordon Putterill Fund 3,575 - - 3,575
School Project 1,900 3,388 - 5,288
40,801 (7,594) (445) 32,762
TOTAL FUNDS 131,098 (32,502) - 98,596

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Accountability Project
School Fee Fund
Luke Fund
Welfare Fund
Open Pollinated Seed Project (formerly
Amish Project)
Bible Fund
Farming for Destitute Farmworkers
School Project
Pastor Masaya
TOTAL FUNDS		 Incoming
resources
£
79,845
-
3,000
-
7,500
43,581
-
5,000
3,889
300
63,270
143,115		 Resources
Movement
expended
in funds
£
£
(104,753)
(24,908)
(6,408)
(6,408)
(9,212)
(6,212)
(209)
(209)
(5,380)
2,120
(43,682)
(101)
(190)
(190)
(4,982)
18
(501)
3,388
(300)
-
(70,864)
(7,594)
(175,617)
(32,502)

Page 15

continued...

Mike Campbell Foundation

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
Transfers
movement
between
At 1/9/23
in funds
funds

£
£
£
Unrestricted funds
General fund
90,297
(15,244)
(24,105)
Restricted funds
Accountability Project
-
(12,770)
12,770
School Fee Fund
21,698
(14,907)
-
Luke Fund
209
(209)
-
Welfare Fund
-
(7,744)
7,744
Open Pollinated Seed Project (formerly
Amish Project)
3,245
(16,429)
13,184
Bible Fund
581
(258)
-
Farmers Speak Project
9,593
-
(9,593)
Farming for Destitute Farmworkers
-
1,525
-
Gordon Putterill Fund
3,575
-
-
School Project
1,900
4,478
-
40,801
(46,314)
24,105
TOTAL FUNDS
131,098
(61,558)
-		 At
31/8/25
£
50,948
-
6,791
-
-
-
323
-
1,525
3,575
6,378
18,592
69,540

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Accountability Project
School Fee Fund
Luke Fund
Welfare Fund
Open Pollinated Seed Project (formerly
Amish Project)
Bible Fund
Farming for Destitute Farmworkers
School Project
Pastor Masaya
TOTAL FUNDS		 Incoming
resources
£
170,502
-
8,100
-
15,000
70,003
-
12,646
9,734
300
115,783
286,285		 Resources
Movement
expended
in funds
£
£
(185,746)
(15,244)
(12,770)
(12,770)
(23,007)
(14,907)
(209)
(209)
(22,744)
(7,744)
(86,432)
(16,429)
(258)
(258)
(11,121)
1,525
(5,256)
4,478
(300)
-
(162,097)
(46,314)
(347,843)
(61,558)

General fund

The General Fund represents all initiatives that cannot be attributed to a specific project, e.g. press interviews, speaking at conferences, the writing of articles and research work.

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continued...

Mike Campbell Foundation

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

10. MOVEMENT IN FUNDS - continued

General fund - continued

During the financial year the Charity utilised £24,550 of it's own unrestricted funds in support of projects being carried out through the use of restricted donations. The use of unrestricted charity funds was considered to be essential in delivering its charitable objectives and a similar transfer is not expected to be required in the next financial year.

Please refer to the reserves policy note in these financial statements with regard to the ongoing financial sustainability of the Charity.

11. RELATED PARTY DISCLOSURES

During the year, payments amounting to £37,917 (2024: £49,292) were made to or on behalf of B Freeth, Executive Director in Zimbabwe, in order to facilitate the delivery of projects in accordance with the Charity's objects.

Also during the year payments of £12,360 (2024: £5,380) were made to the Executive Director's pension scheme on his behalf.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the board of trustees, responsible for the strategic and operational decisions of the Charity.

Page 17