UMN Support Trust Private company limited by 8uarantee Registered number 8219609 England & Wales UMN SHppodfrrfsI UMN Support Trust Report and accounts For the Year Ended 17 September 2025 Registered Charlty Number 1151842 Page I UMN Support Trust Private company limited by guarantee Registered number 8219609 England & Wales Report and Accounts Contents Page Legal and Admlnlstratlve Informatlon Independent Examlners, Reports Dlrertors and Trustees Report Flnanclal Actlvltles {Includlng Income and Expendlture Account) io-ii Balance Sheet 12 Notes to the Flnanclal Statements 13-14 Registered Charity Number 1151842 Page 2 UMN Support Trust Private company Ilmited by guarantee Registered number 8219609 England & Wales Le al and Administratlv Inf tlon Members of the Company, all of whom are appointed as Directors and Trustees rm Chrlstopher Mark Galpln Joel Andrew Hafvensteln Dhana Lama (reslgned 19 Au8USt 2025) Peter Stuart Lockwood Alan Penn {reslgned 18 September 20251 David Andrew Rodgers Carollne Anne Trlmble Secretary Peter Lockwood Reglstered Offlce Langtang Berry Lane East Hanney Wantage OX12 OJB Coordlnatlng Trustee and prlmary contart Davld Rod8ers Bankers Lloyds Bank PO Box 1000 BXI ILT Date of Incorporatlon Company Number 18 September 2012 8219609 Reglstratlon number Date entered onto Reglster of Charltles 1151842 30 Aprll 2013 Webslte www.umnsu orttrust.or Independent Examlners ASM ID) Ltd 79 Cunnlnghams Lane, Dun8annon, Co Tyrone, BT716BX Registered Charity Number 1151842 Page 3 UMN Support Trust Private company limited by guarantee Re8lStered number 8219609 England & Wales Inde end tEx miner's re ort to th Trust esofUMNS ort Trust We report on the financial statements of the UMN Support Trust forthe year ended 17 September 2025 as set out on page5 10 to 13. Respertlve Responsibilitles of Trustees and Examiner The Trustees (who are also the Dirertors of the company for the purposes of company lawl are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year (under section 144121 of the Charities Act 2011 (the 2011 Actll and that an independent examination 15 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 lald down In the General Directions given by the Charity Commission under section 14515llbl of the 2011 Act,. and state whether partlcular matters have come to myattentlon. Basls of the Independent Examlner's Report We have examined your charity accounts as required under sectlon 145 of the Charities Act and our examination was carrled out in accordance with the general Directions given by the Charlty Commission under section 14515llbl of the Charities Act. Our examlnatlon included a review of the accounting records kept by the charity and a compari50n of the accounts presented wlth those records. It also included consideration of any unusual Items or disclosures In the accounts and seeklng explanations from you as charity trustees concernin8 any such matters. Our role is to state whether any materlal matters have come to our attention 8lvlng us cause to believe: l. That accountln8 record5 were not kept In accordance with sertlon 130 of the Charities Act 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of the Charlties (Accounts and Reports) Regulations 2008 4. That there is further information needed for a proper understandin8 of the accounts to be reached. Independent Examlnerfs Statement We have completed our examination and have no concerns in respect of the matters111 to141 Ilsted above and, in connection with following the Directions of the Charity Commission, we have found no matters that require drawing to your attention. Signed: Name: A M IDI Ltd Address.. 79 Cunninghams Lane, Dun8annon, Co Tyrone, BT716BX Date.. Registered Charity Number 1151842 Page 4 UMN Support Trust Private company limited by 8uarantee. Registered number 8219609 England & Wales ort of the Directors and Trustees for ear endin 17Se tember 2025 The Directors, who are also the Trustees of the charity, have pleasure in submitting their report for the year. The Direttors, all of whom served as Trustees, are listed on page 3, and this, together with the other statutory information, forms part of this report. Strurture Governance and Mana ement UMN Support Trust {'UMNST'} was incorporated on 18 September 2012 and is governed by the Articles and Memorandum of Assoclation 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 Christopher Mark Galpin, Joel Hafvenstein, and Peter Lockwood). Unlted Mission to Nepal {"UMN"I can nominate UMNST Trustees provided that the nomlnated Trustees do not form a majority and the total number of Trustees does not exceed ten or be less than three. David Rodgers 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. In the reporting year two trustees resigned: Dhana Lama resigned effective 19 August 2025 th and Alan Penn resigned effective 18 September 2025. The remaining tru5tee5 are extremely 8rateful to both Dhana and Alan for their years of faithful service. Ob'erts Activities and Public Beneflt 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 Or8anisation that has worked only in Nepal for 71 years to alleviate povertv. Support will be given to specific community-based poverty alleviation programmes undertaken by UMN'S Nepali partner or8anisations 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 or8anisations will also be included in the budget of the programmes that UMNST supports. In addition, UM NST will publicise, promote, and support the work of UMN Medical and Development Trust IUMN MDTI. UMN MDT is a Nepali legal entity which was founded in 2020 to hold and coordinate the work of two rural mission hospitals in Tansen and Okhaldhunga. These were founded in 1954 and the early 19605 and were previously part of the UMN group of organisations. UMN MDT will also undertake development work. The Boards of UMN and UMN MDT have the same members, comprised of Nepalis and members of the international communitv. Registered Charity Number 1151842 Page UMN Support Trust Private company limited by guarantee. MAJOR EVENTS Registered number 8219609 England & Wales Grants to UMN Medlcal and Development Trust: All grants for the hospitals at Tansen and Okhaldhunga were made through UMN MDT. These grants consisted of designated and undesignated funds: undesignated funds are used at the discretion of MDT. The vast majority of the funds this year were designated. We had a significant response to requests to support Tansen Hospital purchase a CT scanner which is seen in the grant of £254,900 to Tansen for general expenses and equipment below. The amounts granted to UMN MDT durin8 the year totalled £415,715 as follows:_ o Okhaldhun8a Communlty Hospltal 0 £21,850- Communlty Rehabllitation Projert 0 £25,250- General Hospltal Expenses and Equlpment 0 £16,400- Medlcal Asslstance Fund (to Assist those who cannot afford to pay the total cost of treatmentl o Unlted Mlssion Hospltal Tansen: 0 £254,900- General Hospltal Expenses and Equlpment 0 £21,100- Medical Asslstance Fund Ito Assist those who cannot afford to pay the total cost of treatment) 0 £250- Welcomlng Newborns Ispeclal appeal to refurbish the neonatal facilitiesl o UMN MDT 0 £1,1S0- MDT general- to be used at the discretlon of the MDT Adminlstration 0 £2,165- Save Our Hospltals Appeal-to be apportioned by MDT between Okhaldhun8a and Tansen 0 £6650- Medlcal Asslstance Fund- to be apportioned by MDT between Okhaldhunga and Tansen 0 £66,000- Development Grants: Transformlng Famllles and Communltles Relationshlp The aim of this project is to facilitate families where every member has opportunity to f lourish, and women and girls achieve full potential free from sexual and gender-based violence. It seeks to do this through working In partnership with local faith-based organisations. Grants to Unlted Mlsslon to Nepal (UMN): The amounts granted to UMN during the year was £46,632.73 as follows:_ £14,500 IMUSTI Project The Mugu Disaster Recovery Support IMUSTI Projert, implemented by the United Mission to Nepal IUMNI in partnership with the local implementing partner Gramin Samudaik Sanstha IGSSI, was designed to enhance disaster preparedness, response, and recovery capacitie5 in Soru Rural Municipality IRMI, Mugu District, following severe landslides and floods in October 2022. Funded by PMU Interlife, Tearfund Australia, and Gossner Mission, the project aimed to strengthen Disaster Risk Reduction and Management IDRRMI capacities, Registered Charity Number 1151842 Page UMN Support Trust Registered number 8219609 Private company limited by guarantee. England & Wales promote climate-resilient livelihoods, and enhance social harmony. It also sought to improve DRRM governance, enabling communities to better prepare for and recover from future disasters. The project w35 implemented from May 1, 2023, to April 30, 2025. Its primary goal is to strengthen the capacities of Soru RM and target communities for effective disaster preparedness, response, and recovery. It has supported affected communities in their recovery efforts, helping both local residents and the government build resilience and reinforce Disaster Risk Reduction IDRRI mechanisms for future disasters. b. £32,132.73 Flre Truck Project. The Embassy of Japan in Kathmandu donated six refurbished fire trucks to UMN for use in the areas where UMN has projerts. This fits within the area of disaster preparedness. UMN requested a grant from UMN Support Trust to cover associated costs with the transport of the trucks to the end user5. The Fire Trucks have been delivered and are a significant contribution to disaster preparedne55 in these SIX project areas. Sources of Income Income Ss received from.. individuals, small organisations, church groups and trusts known to the UMNST Trustees o those who know or learn of the work of UMN and its two hospitals, o those who know or learned of and understand the significant physical, financial and resource needs of a large portion of the population of Nepal. o 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. o Gift Aid as UMN Support Trust 15 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 it5 hospitals. U MNST'S PayPal account offers the ability to receive eleven different currencies and publicity of this account h35 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'5 income. During the reporting year £177,506.79 was moved from the Schroder's Investment to the CCLA COIF Ethical Charity Fund and within CCLA £226,726 was moved from the COIF Charity Fund to the COIF Ethical Charity Fund followin8 a review of our investments by the Trustees and approval by UMN Board of Trustees, in compliance with the terms of the loan. Out oln o U MNST will keep its costs to a mSnlmum. All of the Trustees provide their services voluntarlly. 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. o At the end of the year one trustee was based in Kathmandu, and one trustee visited twice in the year. 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. Registered Charity Number 1151842 Page 7 UMN Support Trust Registered number 8219609 Private company limited by guarantee. England & Wales o 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. Pro ects for 2025 26 UMNST will continue publicising and supporting any natural disaster in Nepal requlring a response from UMN or its Nepali partner organisations. UMN and UMN MDT will identifycommunity projectsthat require fundin8 as515tance for UMNSTto consider for promotion. U MN'S Mission hospitals at Tansen and Okhaldhunga wlll continue to receive support. Some supporters will undoubtedly favour specific areas of the work of UMN and its h05Pltals. 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. Registered Charity Number 1151842 Page 8 UMN Support Trust Private company limited by guarantee. Registered number 8219609 England & Wales Statement of Directors, Res onsibilities 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 Director5 have elected to prepare the financial statements under the charity's 'Statement of Recommended Practice (revised 20051, 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 satlsfied 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 preparin8 these financial statements, the Directors are required to.. .Select suitable accounting policles and then apply them consistently. .Make judgements and accounting estimates that are re350nable and prudent. Prepare the financial statements on an ongoing basis unless it is inappropriate to presume that the company will continue to operate. The Directors are responslble for keeping proper accountlng record5 that are sufficlent 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 re5pon5ible 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 charlty's objectives, and for the prevention and detection of fraud and other irre8ularities. Dlrectors, Interests No director has had any beneficial interest in any contract or arrangement of a material nature with the company du ring the period under review. Re ortA roved b the Dlrertors who are also Trustees on15 06 2026 The company has taken advantage of the small companies, exemption in preparin8 the Directors, report. David Rodgers (Dlrectorl egistered Charity Number 1151842 Page UMN SupportTrust Registered number 8219609 Private company limited by 8uarantee. England & Wales Statement of Financial Activities (Including Income and Expendlture Account) for the year (12 months) ending 17 September 2025 Operating Account Note Undesignated Fund5 Restrlcted Total 2023124 Total 2022123 Total Funds Funds INCOMING RESOURCES 2024125 2024125 998 12,692 402,916 2024125 998 12,692 402,916 13,148 14,547 1,576 11,369 1,798 1,254 460,298 Sales processed for UMN Donatlons- UMN Donatlons- MDT Donatlons- Unrestrlrted Investment Income Gift Ald- UMN Glft Ald- MDT Glft Ald- unrestrlrted Bank Interest Total incoming resources 892 23,038 188,430 13,870 15,381 1,261 3,981 2,711 1,434 250,998 832 75,030 85,466 7,495 13,328 1,930 5,853 I,S91 612 192,137 13,148 14,547 1,576 11,369 1,798 1,254 30,747 429,551 Sales-dueto UMN 881 834 Grants- MDT 1,103 46,633 414,612 415,715 46,633 173,830 99,380 69,790 Grants- UMN 74,125 Bank Char8es (PayPal and Lloydsl Management & administration Total resources expended Transfer between funds Nett movement 78 41 119 250 211 295 295 2ZO 78 48,109 414,653 462,762 249,306 170,293 117,3621 14,898 12,464) 1,692 21,844 Operatlng Funds brought forward 47,995 22,462 70,457 68,765 46,921 Operatlng Funds carrled forward 30,633 37,360 67,993 70,457 68,765 egistered Charity Number 1151842 Page I UMN SupportTrust Private company limited by guarantee. Investment account Registered number 8219609 England & Wales Note Undeslgnated Restricted 2024125 2023124 2022123 Funds Funds Total Funds Funds Total Unrealised galns I Ilossesl on Investments 60,762 60,762 95,197 (24,5571 Value of Investments 1,267,889 1,267,889 1,207,127 1,111,930 Value of Loan to be Repaid 840,000 840,000 840,000 840,000 Nett Investrnent value carrled forward 427,889 367,127 271,930 Total Funds Note Undesignated Restrlrted 2024125 2023124 Total Funds 2022123 Funds Funds Total Total Total Funds carrled forward 29,804 389,587 359,863 437,584 340,695 egistered Charity Number 1151842 Pa ell UMN Support Trust Private company limited by guarantee. Balance Sheet- For the year ending 17 September 2025 Registered number 8219609 England & Wales 20241Z5 Notes 2023124 2022123 2021122 Fixed Assets Current Assets Debtors Value of Investment5 Cash at bank and in hand Current Liabilities Creditors- loans fallin 1161 1,267,889 68,010 1,571 1,207,127 68,887 1,050 1,111,930 67,715 1,137 1,136,487 45,819 due within one year 840,000 840,000 840,000 840,000 Total assets less current1Sabllltles 359,863 437,585 340,695 343,443 Creditor5- amounts fallln8 due after more than one year Nett Assets 359,863 437,585 340,695 343,443 Funds Balance Carrled Forward 359,863 437,585 340,695 343,443 Designation of Balance Undesignated Designated funds Restrlcted funds, UMN total Restrlcted funds, MDT Restrlcted funds- Nett unreallsed value of Investments 29,804 830 47,996 27,312 4,969 37,348 53 22,082 380 41,443 io 34,185 7,802 427,889 367,IZ7 271,930 296,487 359,863 437,585 340,695 343,443 For the year ending 1710912025, 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 sm311 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 15 June 2026 and signed on their behalf by: David gers Registered Charity Number 1151842 Page 12 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 2025 Accounting Policies The principal accounting policies are summarised below. Basis of accountln8 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 speclal provisions applicable to companies subject to the small companies, regime. Fund accountlng Unrestricted funds are available for use at the Trustees, discretion in furtherance of the general objettives 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. Incomlng 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 followin8 policies are applied to particular categories of income.. Voluntary income is received through 8rants, donations and 8ifts and is included In the Statement of Financial Activities when receivable. Grant5, where entitlement is not conditional on the delivery of a Specific performance by the charity, are recognised when the charity becomes unconditionally entltled to the grant. Donated services and facilities and the value of volunteer services have not been included in these accounts. Investment income 15 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 activitie5 and those of an indirect nature necessary to support them. Registered Charit Number 1151842 Page I 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 UM NST. 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 restrirtion by the lender. Registered number 8219609 England & Wales Note l.- Sales UMNST allowed UMN to use UM NST'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 dlvldend payments from the investment mana8ed by Evelyn. Note 3- Management Costs Management costs consist of bank charges from PayPal1£541, Bank charges from Lloyds Bank for transfers to the MDT account in Kathmandu1£651, Athene System51£2871 for f inancial software and Goo8le1£81 for website hosting. Note 4- Debtors HM Revenue and Customs for Income Tax refunds made under the UK Gift Aid scheme. Note S- Investments held as Current Assets The underlyin8 investments are valued at market value at 17 September 2025 COIF Charity Ethical Investment Fund Accumulation Units1£381,7061 Evelyn Partners - managed portfollo1£534,1041 Waystone- Trojan Fund 'S' Accumulation Units1£381,7061 Note 6- Credltors- amount falllng 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 15 no amount due to be paid to UMN for sales made up to September 2025. 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 Page 14