2024-09-17-accounts - Umn Support Trust

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UMN Support Trust Private company limited by guarantee

Registerednumber 8219609 England & Wales

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SuppoT r ustt
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UMN Support Trust

Report and accounts

For the Year Ended 17 September 2024

Registered Charity Number 1151842

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UMN Support Trust Private company limited by guarantee

Registerednumber 8219609 England & Wales

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|||| |---|---|---| |Report|and|Accounts| |Contents|

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||||||| |---|---|---|---|---|---| |Page| |Legal|and Administrative|Information|3| |Independent|Examiners’|Reports|4| |Directors|and Trustees|Report|5| |Financial|Activities|(including|Income and|Expenditure Account)|10-11| |Balance|Sheet|12| |Notes|to|the|Financial|Statements|13-14|

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Registeredssss—s—<‘i—s—sSSSSSSS CharityNumber1151842, agen

UMN Support Trust Private company limited by guarantee

Registered number 8219609 England & Wales

Legal and Administrative Information Members of the Company, all of whom are appointed as Directors and Trustees

Christopher Mark Galpin Joel Andrew Hafvenstein Dhana Lama

Peter Stuart Lockwood Alan Penn

David Andrew Rodgers Caroline Anne Trimble

Secretary

Registered Office

Peter Lockwood

Langtang

Berry Lane East Hanney Wantage OX12 0JB

Coordinating Trustee and primary contact

Bankers

Date of Incorporation Company Number

Registration number Date entered onto Register of Charities

Website

Independent Examiners

David Rodgers

Lloyds Bank PO Box 1000 BX1 1LT

18 September 2012 8219609

1151842

30 April 2013

www.umnsupporttrust.org

ASM (D) Ltd

79 Cunninghams Lane, Dungannon, Co Tyrone, BT71 6BX

Registered Charity Number 1151842

Page 3

UMN Support Trust

Registered number 8219609 England & Wales

Private company limited by guarantee

Independent Examiner’s report to the Trustees of UMN Support Trust

We report on the financial statements of the UMN Support Trust for the year ended 17 September 2024 as set out on pages 10 to 13.

Respective Responsibilities of Trustees and Examiner

The Trustees (who are also the Directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed.

Having satisfied ourselves that the charity is not subject to audit under company law and is eligible for independent examination, it is our responsibility to:

@ examine the accounts under section 145 of the 2011 Act;

@ follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and

. e state whether particular matters have come to myattention.

Basis of the Independent Examiner’s Report

We have examined your charity accounts as required under section 145 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission under section 145(5)(b) of the Charities Act.

Our examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts and seeking explanations from you as charity trustees concerning any such matters.

Our role is to state whether any material matters have come to our attention giving us cause to believe:

That accounting records were not kept in accordance with section 130 of the Charities Act
That the accounts do not accord with those accounting records
That the accounts do not comply with the accounting requirements of the Charities (Accounts and Reports) Regulations 2008
That there is further information needed for a proper understanding of the accounts to be reached.

Independent Examiner's Statement

We have completed our examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission, we have found no matters that require drawing to your attention.

Signed: Asea(d) id Name: ASM (D) Ltd Address: 79 Cunninghams Lane, Dungannon, Co Tyrone, BT71 6BX Dates | Moarh my

Registered Charity Number 1151842

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UMN Support Trust Registerednumber 8219609 Private company limited by guarantee. England & Wales Report of the Directors and Trustees for year ending 17 September 2024 The Directors, who are also the Trustees ofthe charity, have pleasure in submitting their report for the year. The Directors, all of whom served as Trustees, are listed on page 3, and this, together with the other statutory information, forms part of this report.

Structure, Governance and Management

UMN Support Trust (‘UMNST’) was incorporated on 18 September 2012 and is governed by the Articles and Memorandum of Association that were put in place at the time of incorporation. There have been no changes to the Articles and Memorandum of Association since incorporation.

A minimum of two, and up to five, Trustees can be appointed by the members (currently Alan Penn, Christopher Mark Galpin, Joel Hafvenstein, and Peter Lockwood). United Mission to Nepal (“UMN”) can nominate UMNST Trustees provided that the nominated Trustees do not form a majority and the total number of Trustees does not exceed ten or be less than three. David Rodgers, Dhana Lama and Caroline Trimble are the current Trustees nominated by UMN. New Trustees would be expected to have some experience in the operation of charities, development work to alleviate the root causes of poverty and preferably some understanding of Nepal and the needs of the poorer and poorest communities.

C.M. Galpin and J. A Hafvenstein are both previous Executive Directors of UMN. J.A. Hafvenstein is currently based in Kathmandu. D. Lama is the current UMN Executive Director and a Nepali Citizen. P. S. Lockwood has many years of experience working in Nepal with UMN and is now based in the UK. A. Penn was the UMN Funding Management Coordinator for six years until returning to the UK in 2012. D. A. Rodgers worked with UMN in the 1990s and is currently chair of the UMN Board of Trustees. C. A. Trimble is Director of Finance and Operations at BMS UK and was a member of the UMN Board of Trustees from 2021 to 2024.

R.H. Sykes resigned as a Director and Trustee effective 17'° September 2023, i.e. at the end of the previous financial year. The trustees are grateful to him for his years of service to the trust.

Objects, Activities and Public Benefit

UMNST is an independent Christian charity focusing on addressing poverty primarily in Nepal by, but not solely, promoting the charitable purposes of UMN, an International Non- Government Organisation that has worked only in Nepal for 68 years to alleviate poverty.

Support will be given to specific community-based poverty alleviation programmes undertaken by UMN's Nepali partner organisations by publicising, promoting and financially supporting those programmes. UMN's contribution of advising and field monitoring of the projects and simultaneously capacity building the partner organisations will also be included in the budget of the programmes that UMNST supports.

In addition, UMNST will publicise, promote, and support the work of UMN Medical and Development Trust (UMN MDT). UMN MDT is a Nepali organisation founded in 2020 to hold and coordinate the work of the two rural mission hospitals, Tansen and Okhaldhunga. These were founded in 1954 and the early 1960s and Registered Charity Number 1151842 Page

UMN Support Trust Registerednumber 8219609 Private company limited by guarantee. England & Wales were previously part of the UMN group of organisations. UMN MDT will also undertake development work. UMN and UMN MDT have the same Board members who are a mix of Nepali and expatriates and Dhana Lama is Executive Director of both organisations.

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MAJOR EVENTS

Grants to UMN Medical and Development Trust:

All grants for the hospitals at Tansen and Okhaldhunga are made through UMN MDT. These grants consisted of designated and undesignated funds; undesignated funds are used at the discretion of MDT.

The amounts granted to UMN MDT during the year was £173,830 as follows:

© Okhaldhunga Community Hospital
£21,850-—Community Rehabilitation Project
£10,250- General Hospital Expenses and Equipment
© £18,770- Medical Assistance Fund (to assist those who cannot afford to pay the total cost of treatment)
© United Mission Hospital Tansen:
© £13,470—- General Hospital Expenses and Equipment
© £30,660 - Medical Assistance Fund (to assist those who cannot afford to pay the total cost of treatment)
© £150-—Welcoming Newborns (special appeal to refurbish the neonatal facilities)

o UMN MDT

© £36,250—Hospital and Community Mental Health Programme Mental health is a neglected problem in Nepal. A national mental health survey in 2020 showed that among the adult participants, 10% had had a mental problem in their lifetime, and 4.3% had a mental disorder at the time of the survey. Suicide is the leading cause of death among women of reproductive age (15-39 years of age), with 21% of these suicides below the age of 18.

Both hospitals provide vital mental health services to both in-patients and out-patients.

This project seeks to reduce the incidence of domestic and inter-community violence, through an awareness raising and empowering approach.

£15,550 Integrated Development
MDT will reach out to churches in remote rural areas of Nepal to promote a theology and vision of integral mission and encourage church-led initiatives among the poorest people in their community.

Registered Charity Number 1151842

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UMN Support Trust Registerednumber 8219609 Private company limited by guarantee. England & Wales It is expected to result in sustained poverty reduction activities by community-grounded institutions, increased social harmony between Christians and non-Christians, and improved local perceptions of the Nepali Christian community, as churches live out their full Biblical calling to love their neighbours. (Undesignated funds)

Grants to United Mission to Nepal (UMN):

The amounts granted to UMN during the year was £74,125 as follows:

a. £11,300 Disability projects -Rukum Mainly focused on the correction of deformities in the lower and upper limbs of Children with Disabilities (CwD). The overall goals of the project are improving the socioeconomic conditions of parents of CwD and persons with Disabilities (PWD) from marginalized backgrounds and improving the education of CwD through material support. The ultimate objective is to reintegrate CwD into their communities successfully. (Undesignated funds)
b. £8,600 Semanata Project. In Nawalparasi, the project area, poverty and inequality are deeply rooted social problems with discriminations against Muslim, Dalits, Musahar, women, person with disabilities and landless. They are not included in the decision-making process, and they have limited/poor access to resources and opportunities. The societal beliefs in the communities of the proposed project area, Palhinandan Rural Municipalities are constructed through a long-held belief that men are born superior and they are the head of the family, and they take full responsibility and authority to manage it. The major familial decisions from owning a piece of property to educating children and to marrying are done mostly by men. This leaves women without a say in matters pertaining to their wellbeing. The project proposes to address the situation by empowering women, daughters-in-law, husbands, inlaws and adolescent girls and boys. For this, we aim to collaborate with local government, civil societies and like-minded organizations. By implementing projects, we envisage empowered groups of daughtersin-law (who have the lowest status and highest vulnerability), husbands and in-laws (whose attitude and behaviour change are essential for addressing the gender issues) working together with multistakeholders to address the incidences of violence against women. (Undesignated funds)
c. £125 —COVID Second Wave Appeal funds to help assist communities with pandemic preparedness (Designated funding)
d. £200 -— Education in Rukum (Designated funds)
e. £8,650 UMN Disasters Relief fund (Mugu) — Goal: Enhanced capacities of Soru RM and target communities for effective disaster preparedness, response and recovery. Outcome 1 Landslide and flood affected people of target communities in Soru RM practised DRR and climate resilient livelihoods and social harmony in their communities. Outcome 2 Soru RM has a functional system for disaster preparedness, response and recovery
f. £44,650 Hospital and Community Mental Health Programme (see details under MDT above, designated funds)
g. £600-Banished for Bleeding designated funding from a special appeal organised by UMN Communications in relation to traditional practices around menstrual bleeding.

Sources of Income

Income is received from:

a individuals, small organisations, church groups and trusts known to the UMNST Trustees @ those who know or learn of the work of UMN and its two hospitals,

UMN Support Trust

Registerednumber 8219609 England & Wales

Private company limited by guarantee.

@ those who know or learned of and understand the significant physical, financial and resource needs of a large portion of the population of Nepal.
© those who wish to encourage and support the practical experience that small Nepali organisations are gaining by working with UMN's experienced staff on projects to address some of the priority poverty areas within their community.
Gift Aid — as UMN Support Trust is a registered charity we are able to boost the value of donations from UK taxpayers by 25%.

UMNST has also benefitted from bequests from former supporters or expatriates who have previously worked for UMN or its hospitals.

UMNST’s PayPal account offers the ability to receive eleven different currencies and publicity of this account has facilitated some overseas financial support.

UMNST is holding £840,000 of UMN's reserves in a loan account which is repayable to UMN on 28 days' notice. Income from the investment of these funds forms part of UMNST’s income.

Outgoings

@ UMNST will keep its costs to a minimum. All of the Trustees provide their services voluntarily. They can monitor some of the work in Nepal at negligible personal cost.
o Apart from fees charged by PayPal in relation to donations and transactional fees charged by Lloyds Bank, the main cost is for the financial software used to support the appropriate financial record keeping.
© Two of the Trustees are based in Kathmandu, and one visits Nepal twice a year.
oO The Trustees have no desire to build significant reserves but may smooth out a large inflow of funds or carry over funds received late in the financial year.
© The Trustees are not able to consider unsolicited requests for funding as all the current Trustees are already familiar with a significant number of charitable needs and organisations that are addressing poverty in Nepal.

The Trustees confirm that they have referred to the guidance in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives, planning activities, setting the grant-making policy and monitoring the fund's usage.

Projects for 2024/25

UMNST will continue publicising and supporting any natural disaster in Nepal requiring a response from UMN or its Nepali partner organisations.
UMN and UMN MDT will identify community projects that require funding assistance for UMNST to consider for promotion.
- UMN’s Mission hospitals at Tansen and Okhaldhunga will continue to receive support. - Some supporters will undoubtedly favour specific areas of the work of UMN and its hospitals. UMNST will ensure they make grants to and monitor appropriate projects to ensure that funds granted were used effectively per the supporters’ wishes.

The Trustees are unlikely, at this time, to widen their area of support in Nepal.

UMN Support Trust Private company limited by guarantee.

Registerednumber 8219609 England & Wales

Statement of Directors’ Responsibilities

The Directors are responsible for preparing the Report of the Directors and the financial statements under the applicable law and regulations. Company law and the Charity Commission require the Directors to prepare financial statements for each financial year. The Directors have elected to prepare the financial statements under the charity's ‘Statement of Recommended Practice (revised 2005)' and under the requirements of annual corporate reporting and taking into account the fact that the company is a ‘small’ company. The Directors must only approve the financial statements if they are satisfied that they give an accurate and fair view of the company's state of affairs, its income and expenditure for that period, and its charitable status. In preparing these financial statements, the Directors are required to:

e Select suitable accounting policies and then apply them consistently.
e Make judgements and accounting estimates that are reasonable and prudent.
e Prepare the financial statements on an ongoing basis unless it is inappropriate to presume that the company will continue to operate.

The Directors are responsible for keeping proper accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements meet the requirements of the Companies Acts and the Charity Commission. They are also responsible for safeguarding the company's assets, ensuring that the funds are used properly and transparently for the benefit of those suffering from personal, community or institutional poverty in accordance with the charity's objectives, and for the prevention and detection of fraud and other irregularities.

Directors’ Interests

No director has had any beneficial interest in any contract or arrangement of a material nature with the company during the period under review.

Report Approved by the Directors (who are also Trustees) on 01/03/2025. The company has taken advantage ofthe small companies’ exemption in preparing the Directors’ report. Dovid Fosles David Rodgers (Director)

UMN Support Trust

Registerednumber 8219609 England & Wales

Private company limited by guarantee.

Statement of Financial Activities (including Income and Expenditure Account) for the year (12 months) ending 17 September 2024

|Operating Account
Ti
Note |Undesignated |Restricted [ Total | 2022/23 |20a1/22_
a
fncownencsounes | | monn | vomra [ooene| |
[SalesprocessedforUMN | 2 «| Ss
—s«|~SS92|~—s92|
832| 390
[Donations-UMN
|
|S
SCd;CSCi28,088| 23,038] 75,030]
43,034|
[Donations-moT__|_+|
| 488,430] 188,430| 85,466| 67,844
[Donations-Unrestricted | | —S—si3,870| S|~—13,870[ 7,495] 5,760|
[Investmentincome | Ss2—s|~S5382] | 05,382| 13,328| 11,423|
[cittaid-umn
|
dT
CdS
|
26a] 2,930] 4 922
rciftaid-mot—~+|SSS=~dSCSC~—~SsSSCSCisga
| 3,9 | 5853[5260
[siftaid-unresticted | «| Saraa| | ran| soa 1.4 |
[Bankinterest
SidSS=~iSC(‘t CdCl]
Totalincomingresources |
—— «(|
33,396
247,602| 250,998] 192,137| 139,968
ie
eee
ee
LC)
|Sales—duetoUMN
—_—i|
—duetoUMN
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ee Cs
| 867)—eEEE
[Grants-moT_ |S|Ste
262,692] 173,830] 99,380] 78,750|
[érants-um—SSdYSSS~*dSSSSCia|
7a. | 79,25] 68,790] 50,000)
toners
Ts Ts]
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Lloyds)
Management&
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| 8 |] |e] 8]
[Totalresourcesexpended |_|
42,680] 236,622] 249306| 170293| 130,306,
Ftransferbetweenfunds |
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[Nettmovement
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20,685] (18,993)| 1692] 21,844]
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UMN Support Trust Private company limited by guarantee.

Registerednumber 8219609 England & Wales

Investment account

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|||||||||| |---|---|---|---|---|---|---|---|---| |nds| |rena|||runats|||totar|[Tota||| |Unrealised gains /|(losses)|on|77,241| |es|95,197||95,197]|(24,557)|(|)| |Value of Investments|it|1,207,127 | 1,207,127 | 1,111,930|1,136,487| |Value of Loan to be Repaid|tna|840,000}|840,000;|840,000|840,000| |Nett|i|i| |;orward| |investmantvaluecarriedi|367,127 ||367,127||271,930|296,487| |Total|Funds| |Pounds||Funds|||Funds|||total|||Total||| |Total Funds carried forward|||47,997|389,587|437,584|340,695|||aes.|

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Registered Charity Number 1151842

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UMN Support Trust

Registerednumber 8219609 England & Wales

Private company limited by guarantee.

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||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |Balance|Sheet|-|For the|year|ending|17|September|2024| |Fixed Assets|eses|)|es| |Current Assets|tiedaaa|eee|ae)| |GG| |14571||4|||1,050]|1,137| |Value|of Investments|1,207,127||5|||1,111,930|||1,136,487 ||1,213,728| |Cash|at|bank and|in|hand|68,887||||67,715]|45,819]|37,182| |Current|Liabilities|a|ee|ee|ee| |Creditors — loans falling due within|one year|840,000||6|||840,000]|840,000]|840,000| |Total|assets|less current|liabilities|437,585|i|||340,695|||343,443|||410,987| |Creditors — amounts|falling|due|after more than| |one|year| ||NettAssets|437,585| ||340,695||343,443||410,987| |Funds Balance|Carried Forward|437,585|___|340,695|||343,443|||410,987| |Designation|of Balance|ee| |Undesignated|47,996||es||ee__—-27,312|eee4,969| 530]eee| |Restricted funds, UMN||—ssa22os2{sd]|41,443]|34,185]|36,400| |RestrictedRestricted funds, MDT|||[sao]]|||to]|7,802] 829| |investments funds — Nett unrealised value of|367,127|i|271,930||296,487||373,728|

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For the year ending 17/09/2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities: * The members have not required the company to obtain an audit of its accounts for the year in question under section 476 of the Companies Act 2006 relating to small companies. ¢ The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. ¢ These accounts have been prepared per the provisions applicable to companies subject to the small companies’ regime.

Accounts were approved by the Directors, who are also the Trustees, on 01 March 2025 and signed on their hehalf by: David Rodgersas

Registered Charity Number 1151842

Page 1

UMN Support Trust Registered number 8219609 Private company limited by guarantee. England & Wales Notes forming part of the Financial Statements for the year ended 17 September 2024

Accounting Policies

The principal accounting policies are summarised below.

Basis of accounting

The accrual accounts and financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities issued in March 2005 and in accordance with the special provisions applicable to companies subject to the small companies’ regime.

Fund accounting

Unrestricted funds are available for use at the Trustees’ discretion in furtherance of the general objectives of the charity.

Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of a funding appeal for specific projects.

Incoming resources

All incoming resources are included in the statement of financial activities when the charity is entitled to and virtually certain to receive the income, and the amount can be quantified with reasonable accuracy.

The following policies are applied to particular categories of income:

Voluntary income is received through grants, donations and gifts and is included in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.

Donated services and facilities and the value of volunteer services have not been included in these accounts.

Investment income is included when received.

Incoming resources from charitable trading activity are accounted for when earned.

Resources expended

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.

Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes costs that can be allocated directly to such activities and those of an indirect nature necessary to support them.

Registered Charity Number 1151842

Page 1

Registerednumber 8219609 England & Wales

UMN Support Trust Private company limited by guarantee.

Loans Received

UMNST has received loans from related organisations. These funds have been invested either in established charitable investment funds or through a financial firm which manages a portfolio of investments on behalf of UMNST. The loans have no fixed maturity date and are interest-free. They are subject to repayment upon 28 days' notice, at the lower of the realisable value of the related investments and the principal amount of the loan. Therefore, no loss will be incurred by UMNST. Any interest or dividends received or realised gains will be used by UMNST for charitable grants in line with UMNST’s aims and in line with any acceptable restriction by the lender.

Note 1. — Sales

UMNST allowed UMN to use UMNST's PayPal facility on the UMN website to sell calendars, Christmas cards and a commemorative book. UMNST passed 100% of the proceeds to UMN and therefore incurred no profit or loss.

Note 2 — Investment Income

As described above under ‘loans received’. UMN Support Trust receives dividend payments from the investment managed by Evelyn.

Note 3 — Management Costs

Management costs consist of bank charges from PayPal (£75), Bank charges from Lloyds Bank for transfers to the MDT account in Kathmandu (£175), Athene Systems (£212) for financial software and Google (£8) for website hosting.

Note 4 — Debtors

HM Revenue and Customs for Income Tax refunds made under the UK Gift Aid scheme.

Note 5 — Investments held as Current Assets

The underlying investments are valued at market value at 17 September 2024

COIF Charities Investment Fund Accumulation Units (£218,736)
Schroder Charity Multi-Asset Fund (£167,871)
Smith & Williamson Investment Services — managed portfolio (£490,693)
Link Solutions — Trojan Fund ‘S’ Accumulation Units (£329,827)

Note 6 — Creditors — amount falling due in less than one year

Loan from UMN subject to 28 days’ notice of repayment and valued at the lower of the market value of the related investments or original loan amount of £840,000.

There is no amount due to be paid to UMN for sales made up to September 2024.

Note re Taxation

As a charitable company UMNST is exempt from tax for the income of the charity under sections 466 to 493 of the Corporation Tax Act 2010.

Registered Charity Number 1151842

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