FUND FOR HUMAN NEED Report and Accounts for the year ended 3tst August 2021
FUND FOR HUMAN NEED REpoKf AND AccouNrs FOR THE YEAR ENDED 31st AUGUST 2021 Contents legal & Admlnlstratfve Information Trusteg Report Independent Examlnerfs Report statement of finanaal Attivitses Balan Sheet Notes to the Actounts 9-14
FUND FOR HUMAN NEED LEGAL AND ADMINisfRATIVE INFORMATION Registered Charity Number Principal office 6 Newlands Road Darlington Co. DurtHm DL3 9JL fundhumanneed@gmail.com Website vAvw.fvndforhumam)eed.org.uk Trustees Rev Ro8èrCrÈs5well Rev Dr David Palmer Mr Alan Hickox Mrs Karen Drayton Rev Rory Dalgliesh Rev Rosemary Aetther Rev Gillian Hulme MrAndrew Kemp Rev Robert Maginley Mr Noel Sthordh Chair Secretary Treasurer (to 18.IL211 Grants Offer (to 15.7.211 (from 16.7.211 Custodian Trustees TheTrustees for Methodist Churth Purpose5 Central Buildirigs. Oldham Street. manChter Ml IIQ Bankers HSBC Bank PIG 333 Vauxhall Bridge Road. London SWIV IEJ Independent Examiner Mr Roger Pipe 6 Yew Tree Parl Whity. lknle. DN14 ONZ
FUND FOR HUMAN NEED TRUStEES' REPOltr FOR THE YEAR ENDED 315t AUGusf 2021 The trustees present therr Report and Accounts for the year ended 31st August 2021. The accounts have been prepared in accordance with the accounting poliaes set out in note I to the accounts and comply wlth rhe charity's trnst deed, the Charthes Art 2011 and the Finanaal Reporbng Standard applicable in the UK and Republic of Ireland IFRS 1021 published on 16th July 2014. Objertives and Artivitses The trust deed of the Fund for Human Need IFHNI provides that the capit31 and intome of thetru5t shall be used to relieve and remove hunger and poverty in all parts of the world wtthout regard for politics, race, colour or creed. FHN'S fvnds are applied by the teeS in accordan with these objectives. The trustees confirm that they have referred to the Charrty Commission's guidan on public benefft when reviewing the Fun(Ys aims and objectivès, in planning future activities, and setting the grant making policy for the year. The Fund fvrthers its charitable purpose5 forthe public benefftthrough its grant making policy. to relieve hunger and poverty by utilising tts unre5trirted fundsfor rnakin88rants not exceeding £2C(J to refugees. asytum seekers and the homeless, and to indwiduals in otherforms of personal distress. In rnaking these emergency relief payments from unrestricted funds. fc is recognlsed that FHN cannot be the major source of support rn suth cases. Priority 15 given to those who are destitLSte, having no income or welf3re beneffts at all, to those who are particularly vulnerable. atKI to those where a small payment will make a major difference. Although some of these grants a paid direct to indmdual beneficiarbes. Of to another persofi ftomifiated bythe beneficiary if the benefiaary does not have a bank account. the majortty are paid through other charities and Instlwtlons. The twstees also administer the assets of the G.E. Vtilson Scholarship Fund for the benefft of the Methodist School at Colon in Panama. The (3PStal held for this purpose has always been regarded as a permanent endowment. Investment income and donations for the school are transferred to the school, providing scholarships for the neediest pupils and assistingthose who have diffioJlty meeting the lull fees. Achievements and Perf0mnCe One very obvious element in this report is the fact that Trn the year 202Ck2021 donation5 to FHN fell by over £14,000 and the number and the total amount of emergency payments made were less than the pvIouS year. While this is cause for disappointment it is also very understsnd3ble given the exceptional circumstances of the pandemic that were eXperIend across the world and had suth an impact upon all our INes. When many d)urches tn the United Kingdom were d05ed for six or more months as a resu of Covid-19 restrittions. the redurtion in church donation5 came as no surprise. The total amount donated by individua15 also deueased, t)ut by the mudj smaller 4* YeL desptte the drop in overall income we saw a very welcome increase in the level of regular giving by means of standing orders. We extend our thank5 to all who have faithfvlly supported FHN durirt8 the past year. In our last report we spoke of the sponsored w3lk% undertaken by some of the trustee5 and the administrator. Thi5 year we express our admiration and gratitudè to another twstee. Rev Gillian Hulme. who undertook a sponsore(I cyde ride from her horne in Hertford5hire to attend a conference in Blackpool, raising it) excess of £3.250. The newsletter, which is being distributed three times a year. has proved to be an important meart5 of keeping in touch with our supporters and thère is some evidert that it hasgenerated additional income. We have also rentlY produced packs of notelets land a planning to add thristmas cards) to raise fvrther funds. Over 180 organisations. many of which are not perniitted by their constitution to tnake personal grants, now contart FHN on behalf of their clients. During the year 814 sttch requèsts We for hdp in providing food and basic necessities and in morethan 450ca5es children were involved, while265 applicants had medical and health problems and 3(X) were hoFneless or had been recently housed. The acknowledgements we receive speak of the real drfFerence FHN'S help has made and it i£ very ctear that many families and indNiduals appreciate the relatively small amount of the grants we send to help them at a difficult time. We try to convey something of their gratitudè to our supporters by means of the newsletter and we hope those who donate to our Fund recognise the significance of their donations to those who are destitute.
This year marksthe end of hi% Servi &streasuOf an Hickox. Alan was aPPOiT7te(I treasurerin 2012following the unexpected death of his predecessor. The arcumstances were such that there could be no handover but. having recentty retired. Alèn immediately applied himselfto thework3nd forthe past nine year5 he has devoted much of hts time to the Fund and his professional experience, Christian commitment and soctal COnrn have been L)f immense benefit to FHN. We place on record how indebted we are to Atan for all he ha5 done durin8 his time in Offl- years which have seen a very considerable expansion of the Wofk of FHN. Flndlng a successor to Alan had seemed a dauntin8 wospect but we are very pleased to be able to F)Ort the appointment of Noel Schordh. Noel brings wfts and invaluable charity experien which we believe will enable FHN to continue serving those in fteI. Financial Review The year under wiew saw a redurtion in unrestricted incorne from £77.724 to £62W5, refiecting the irnp3rt of the dosure of churthes during lockdown. There was both a substantial fall in the number of churches supporbng the Fund and a reduction in theÉraverJge donation. wÉth theamount contributed by churches falling from £20.324 to £889). Donationsfrom individuals. indudÈngGrftAid, decreased from £55,434to £53,145. with another very encouraging rise in the number of indNiduals donating regularty by standiftg order offsetting to a significant extent the contribution to the previous yearfs income of two very large on&off donations. Donations received through CAF and JustGiving have incr&ised slgnffican¥ in ret years. and this year contributed £11,765 and £9.154 respertNely, induding Gift Aad. 673 grants were made to individuals in nee(I, totalling £56,076, cOMpad wlth 872 grants, totalling £66,284, in the previous year. Fundraising expenditure. of £6.771, was substantialty lower than the previous yearfs total of £11.682. reflecting the condusion of threwear arraftgements wtth a fundraising consultant, and the ¢ancÈll3tioft as a result of the pandernic of events at which the Fund would have been represented. Fundraising and administr*ion expend[tU totalled f 13,825. 3 reduction of £6,322 from the previous year, and amounted to 22% of the yearfs unrestrirted income. In 20120 a third and final grant. of £255. had been received from MethodistAttion on Poverty undjustice. which covered all fvndraising and ¥dmini5tration costs, amountÉng to £20,147. The balance of £5.353 was available to rneet part of these costs in 202012021. and is shown in the accounts as a transfer from restricted to unrestricted funds. Before taking account of this transfer. and of a surplus arising from the year-end revaluation of investments. unrestrirted eXpendrtUwa5 £7.016 in excess of incorne. Afterthe transferand the revaluation. unrestricted frEnds showed an inuease of £5,292, to £74.208. Restricted income r1Ved forthe Methodiststh001 in Coton. Panama. induding income from endowment fund investments. was £187. a decrease of £365 on the totsl for the previous year. The annual tran5Fer of funds to the school, usually made towards the end of the Fund's finanaal year, has been deferred for the time bein& as it was in 2019-20. as the school remains dosed, and tt i4 un¢ertatn when it will be in a position to re-open. Investrnent Poly arKI PerfOrnn The trust deed gives the trustees discretion to invest the trust fund5 a1 to use the income arisln& and the proceeds ofa sale of invthents. forthe objects ofthe tharity. 60% of FHN'S unrestricted funds. togetherwrth the assets of the G. E. Wilson Sd)olarship Fund, are held in units of two of the investment funds of the Central Finan Board of the Methodist Cfrurth ICFBI, the CFB Managed Fixed Interest Fund and the CFB Managed Mixed Fund. tn order to athieve a higher retum than is currently available on the Fund'5 Short term deposits. These investments are held byThe Trustees for Methodtst CThurch Purposes, who art as custodian trustees for FHN. CFB arms to provide a high quality investmt Servi seeking above average retums. to follow 3 discipline in which the ethical dimension isan integral partof all inve5tmentdeci5ion5. andto COn5truci investment portfolios consistent with the moral Stan and teathTrngs of the ChrtMian faith. A revaluation of the Fund's investments at 31st August 2021 showed a net Unrealed gain of £6.484. repsentIng a deuease of 1.9% in the Wdlue of units in the CFB M3na8ed Fixed Interest Fund and an Fncrease of 18.4% in the value of the CFB Managed Mixed Fund units. The income distrTrbution5 for the year. based on the 3tst August 2020 valuations of the units. resented yields of 0.65% on the Managed Fed Interest Fund units and of 2.13% on those in the Managed Mixed Fund.
Risk Management The major risks to which the chartty is exposed, as identwfie(I by the trustees. have been lewed. and systems or procedures have been established to manage those risks. In particular. it is recognised that as a small organisation FHN does not have the resour to monitor the use of grants once they have been made. The majority of payments are. however. made through other agencies and FHN asks for wrttten wnfirmation that they will be used for the purposes for which they have been made. Reserves Policv The Fund's reserves policy has been rleWed by the tfU5tee5. having regard in parbcular to uncertaintie5 in re13tion to future levels of income from donations, induding the impart of a loss of the srnall number of donors whg contribute a Significant proportion of the Funrfs income. to the low returns it 15 currently receiving on its investments and short-term deposits. and to the numbers of grant ap1(ations. which have increased significantly in recent years. The trustees have approved a policy to maintain the free reserves in unrestricted funds (that is, the balan of unrestricted funds. less investments) at a level whith equate5 to approximately three month5 of unrestricted expenditure. The balan of free re5eTves in unrestricted funds at 3tst August 2021 was £29.383. which represented just over 5 months of total expendtture for the yearto that date. Plans for the Future The trustees have not yet been able to obtsin funding or sponsorship specifically to cover the employment of our part-time administrator Iwho does such excellentwork in serviong the grant-making and fvnd-raising of the Fundl, but wewill tontinue to s*k suth support because itwill mean wewould then be ableto give moregrants to those in need. In the meantime our aim to limit administration costs as dose as possible to the 20% of unrestricted income referred to in last yearfs report. Last year we spoke of the need to update the grant-making and accounts systems with the introduttion of IT that would reduce the duplication of workthat occurswhen the officers of the Fund lall of whom arevolunteersl and the administrator use dtfferent databases. As it was decided to wait the appoinknent of a new treaSur it is hoped that we will be able to make progress on this in the coming year. A very significant part of FHN'S income is from Methodist churches and indrvidual rnember5. Thtr5 places upon the Fund the importance of communicatsng as thctivety as possible wtth that tonstÉtuency Iwhile not ignoring other sources of support). To that end, in addition to the steps already being taken to advertise and promote FHN. we aim to reuuit 'Friends of FHN. for those Methodist Districts auoss the Untted ngdoM not already covered in this way. Their work 15 to represent the Fund at District Synods and. wherever possible, at other events in their area. During the past year Covid-19 restrictions led to the cancellation of almost all the events at which FHN had planned to be represented. As we move into a situation where it ts expetted largè gatherin85 will again be possible it is hoped that thè FHN stall may On more be a presence that will inform the public of our work The antiapated withdrawal in October 2021 of the £20 perweek increase in Universal CrÈdtt introduced in 2020 by Government in the wake of the coronawrus pandemic has been widety criticised by chartties working with people on low income and others concèrned about the level of poverty experienced by $0 many. We receive many requests for a55i5tsnce arising from dejayed benefft payments and we anticipate that the decision to cut payments by £l,CKJO combined with the anticipated high cost of fuel. food and other basic necessities and the increase in National Insuran contribLrtions for many working people will result in yet more struggling financially. During the past year the trustees increased the level of grants and it is our intention in the coming year to make a further incwse in the mFnimum amount that we gi¥e to those who turn to FHN for help in difficult times. Structure, Governan and Managemert Thè FLnd for Human Need is a re8i%tered tharÉty. number 208866. and ts cortuted under a trust deed dated 17th February 1960. The charity is administered bya board of trnstees. which meets fortheAnnual General Meetingand addttionally as the need arises. When vacanaes occur. newtrustees are appointed by the existingtrustees. The trustees may by resolution delegate their powers to agents or to one or more of themselves and from time to time revoke 5uth delegation.
FHN'5 dav to d3y business is administered by its officers in a voluntary capaaty. supported by a part-time administrator. Two tru5tee5, usually being the Grnnts Offir the Chair. meet monthly to assess grant applications and agree to whom these emergency relief payments should be awarded and the amount of each payment. Together with a financial report. a list of grants paid is made availableto thetru5tee5 eath rnonth, and also submitted to the lull trnstees. meeting for retrospective approval. FHN'S bankers8 authorisedto honour payment instructionswhich have bnsigned byanytwo of thetru5tees named on the bank mandate. Referen and Administrative Infornwtion Fund for Human Need Re8iStere(I Charity Number. 208866 Prinapal office 6 Newlands Road, Darlington. Co. Durham. DL3 9JL Trustees Rev Roger Cresswell. Chair Rev Dr David Palmer, Secretary Mr Alan Hickox, Treasurer (to 18.11.21) Mrs Karen Drayton. Grants Officer Rev Rory Dalglie5h (to 15.7.21} Rev Rosemary Fletcher Rev Gillian Hulme MrAndrew Kemp Rev Robert Maginley Mr Noel Schorah lfrom 16.7.211 Custodlan Tntee5 The Twstees for Methodist Church Purposes Trusteg Responsibilities in relation to the Accounts The tnjstees are responsible for preparing a truste amual report 3nd finanaal statements in accordan with applicable law and United Kingdorn Accountin8 Stsndards IUrhite(l ngdorn Generally knepted A¢countin8 practi). The law applicableto thartties in England and Wales requiie5the tharitytru5te&to preparefinancial Statements for each year which gNe a true and fair view o* the stste of affairs of the charity and of the incoming reSoUrS and application of resources of the tharityforthat period. In preparingthe financial ststementsthe trustees are required to: select Suitable accouFrting policies and then applythem consistently- observe the methods and principles in the applFcable Charities SORP: makejudgements and estimates that a reasonable and prudent.- state whether applicable accounting standards have been followed. subject to any material departu$ disclosed and explained in thefinancial statements- prepare the finanaal statements on the going concern basis it 15 inappropriate to a55ume that the charity will conttnue in business. The trLtstees are responsible for keeping proper accounting records that disdose with reasonable accuracy at any time the financial posttion of the charity and enable them to ensure that the finanaal statements comply with the Charities Att 2011, the appli¢able Chartties IA¢¢oufits and Reports) Règulations. and the provisions of the trust deed. They are also responsible for safeguardiro the assets of the charity and taking reasonable step5 for the prevention and detection of fraud and other irre8ularilie& The trustees are responsible for the rnaintenan and integrity of the thartty and fin8n¢ial information on the charitvs website in accordance wth legtslation in the United knredom goveming the preparation and dissemination of financial statements. Appmved by the trustees on 18th November 2021 and Sig on their behalf by: Roger Cresswell Chair of Tnjsiees
FUND FOR HUMAN NEED Independent Examinerfs Report to the Tntstees of the Fund for Human Need I report on the accounts ofthe Fund for the year ended 3tstAugust 2021 set out on pages 7- 14. Respective reSFnsIbilitles oftrustees and examiner The charitys trustees are responsible for the preparation of the accounts. The charitys trustees consider that an audit is not required for this year under sectiort 144 of the tharities Act 2011 lthe Charities Act) and that an independent erdmination is needed. It 15 my responsibility to= examine the accounts undersectlon 145 of the Ctharrbes Att: to follow the procedures laid down in the general Directions given bythe thartty Commission (under settion 1451511bl of the Charities Actl- and to strate whether particular matter5 have come to my attention. Basis of independent examFnerf$ 5tatsment My examination was carried out in accordance wrth general Directions gNen by the Charity Commission. Art examination indudes a revrew of the accounting records kept by the charTty and a comparison of the accounts presented with those record5. It also indudes considerdtion of any unusual items or disdosures in the accounts, and seeking explanations from the trustees conMIng any suth matter& The procedures undertaken do not provide 211 the evidence that would be required in an audit and consequenty no opinion is given to whether the accounts presènt a °true and fairt v¢ew and the pOrt is Itmtted to those matters set out in the statement below. Independent examinerfs statement In connection with my examlnation. no matter has come to my attention: 111 whlch gw me reasonable £auseto believethaL in any material respe¢ the requirements: to keep accounting records ift a¢¢ordano with sertion 130 of the Chartties Art: and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Chartties Att have not been met: or 121 to which. in my opinion. attertion should be drawn in ordertoenablea properunderstsndingof theaccounts to be reached. Roger Pi 6 YewTree Park Whitley Goole DN14 ONZ 18th November 2021
FUND FOR HUMAN NEED $rATEmE OF FINANCIAL AcnviTIES FOR THE YEAR ENDED 31st AUGUSf 2021 Totsl Funds 2021 Totzl Funds 2020 Fur4ds Fund5 Fund Income from: Donations 61035 62.060 76.118 Legacie5 1.000 Inve5tEner 850 162 ISJ12 1.158 MAPJ grant 25,500 Total income 63.072 103.776 Expendlture on: RatsinÈfvAds 6,771 6,771 11,682 Charitable aCVItIeS Grants paid Grafit making costs Govemance costs 56.076 6A49 205 56.076 6,849 205 66.284 8.136 329 T¢)tsl expendrtyre 69J)i 69J)i 86,431 Net IncomellewKlrturel before Investment gainsl{lossesl Net gainsllbssesl on Investrnts (7 17345 14711 14561 Net Income/(expendlture) 161) [4711 13451 16 Reconciliatlon of Funds: Totslfunds brou8htforward Transfer of balan broLthfiJrward 24.956 i.¥ 83239 153531 Totsl fvnds carried foThRn IM.128 The noteson pages 9- 14form partof these accounts
FUND FOR HUMAN NEED BALANCE SHE AS AT 315t AUGusf 2021 Flxed Assets: Investments: Endowmèrt fund 24A85 4425 24,956 37.870 Unrestsitted fvnds Total Flxed A%seis li 690 Current Asse. Debtors 2.635 23545 2,371 30.675 4,256 Shorttemi dep)5rts sh at bank 4293 Total CurreDtA 30A73 37.302 Totsl Net Assets Funds of the Charlty". Endowmentfiind 14 24A85 24.956 6,256 68.916 Restricted incorne funds Unrestricted lunds 74,208 Totsl Funds 100. The noteson p3Bes 9- 14form partof these accounts Approved bythetrustees on 18th rnber 2021 signed on their behalf by= Roger Cresswell Chair of Trustees
FUND FOR HUMAN NEED NOTES TO ThE ACCOUNTS FOR THE YEAR ENDED 31st AUGusf 2021 Accounting Policies al Basis of prepaMt4yn IacCounts have been prepared urthrthe hi5toriL71¢J)stconvention, with item5 Wi5ed at cost ortrartsactlon ¥al unless othernise std In the relevant Mtesto theseaccourt The accourbts have been prepared in acmrdarKe with the Ststement of RecoMnded Practice: Accounting and ReporDog by Charities preparirq their accounts in aCcordae with the Financial Reporting Stsndard applicable in the Llnited knngdom and Reputsl of Irejaftd IFRS 1021 issued on 16th Ju2014. and with the FinaKk?l Rew)rting Stsndard applicable in the United Kingdom and Rewbjicof IrelaTrd IFRS 1021. and the Chariti2sAct 2011. The Fund con$t[t a pUbr benefitenbty as defined trty FR5 IOZ b) Incon IIKO10rn dorotK)ns is reCOL$ed when IrKomefromGiftAsd daim5 is iKbJded in the saffE period a5the d01tht0 whKti they relate. Intomefmm andfromgrantsÈsognI$èdneAtithmeTht has teen confimpd. theamount can quantTfRd accuratefyand receipt i probab. Investment income. represefttiftg ¢fistritrMJtions from ts C•)tral FlnaN£ Board of tr Methodlst Church. isaccoLFnted fty on an accruab bas c) Expenditure Atl ex[rlre i5aCLVUrtedforon3n aLtll4a15 basis. Grants become payable when approNd by tsvo trustees. usualty at a nThJnthty ning of the Grants Officer and the Chair. d) Funds Unresti1(fvl5afUsyWh1ch can be di5cretKJn of tttrustee5 in accordance withthe charrtable obiecrs of the Fund lor Human Need. Restrirtedfvndsarehjndswhith rnayonty be usedorpartiDJlarrestrthd PLTrrposeswithinthe objects of the charity. Restrthns arise when SFcffied by the or whEn frJnds are for particuLar re5trthd purposes. EndThtfvnd rEpre5erts the assets of the G.E. Wi150n Schokrship Furf which rnust be held permanent bythe charity. Income aiiyrgfrom the enth)vm)ent fv1 must be used forthe provtslon of scholarships at the etdISt hC in Colon. Panama. and is treated as restrited funds in these accounts. el Investments Imiestments afe ststÈd at thvir rnarket ¥ae. on a MI¢" bas. as determined by the Central Firtance Board oFthe Metl¥)dist Churth. Gains and losse5 on in¥e51rnent a55ets Reallsed and nliSed Eains and knsses on invesbnents a dealt with in the Statement of Nnancsal AcbwlS IntheaT inwhKhtheyari5e. Realisedl5 and k)5se5 on investments ac?Uted asthe dIffence between leS protreds andtheir Oning (8rryTnB lue ortheir puhase cost rfacquifed subsequent to the first day of the financial year. Unrealtsed gains and losses are calcylatsd as the dIffefice between the Enathet value atthe yeareMI andthelrcarryll value.
FUND FOR HUMAN NEED NOTES TO THE AccouKrs FOR THE YEAR ENDED 3tst AUGusf 2021 (continued) Donatlons Total GiftAld Unrestricted Funds IndNidua Churches 4.539 53,145 8,890 625 55,434 20.324 Totsl unreslritt donations 4539 75.758 Methodistschool ofcolon. Panama Totsl Donations S7516 4y4 62 76.118 Total Total 2020 Unrestrirted Funts CFB Investment Funds distributio CFB Dewsit Fund interest 710 Restricted Fund5 CFB Investment Funds diskntxrtK)ns 162 Totsl Inveslnnt Income MAPJ Grant The snt0f£2s,5j from metIdtACti0ft on Povertvondj¢ts r7Ved IA 201920wasthethird and final annual grant made availabunderathree-vear pr0grammeforthedevebp1ttof the Funrfs5UPWrterba5e.to enable itto respondtothecontinuing increase in grantapplthons made on behawof Individua in need. ]t was not available for dtspers&l as grBrts, bLrt financed all the Fund's otherexpendlture. pftrKlpaloll adverknsingand publkity. iluding exhibitingat cOnfeA. festivals and other events. the service5 of a fundraising consultant. and the emploYnt of a rt-trrne administrator. together with othorgraftt maktngand governance costs. The unspent balance of thegtsrtat 315t August 2020 of £5.353 has been transferred to unrestitted funds, and utilised to cover partof the Fund's other expenditure irKurred in 2020-2L whh has all bn chargedto unre5thLted funds. Fundraising C¢5 Tirtal 2021 Total 2020 Advertising & publictty Fundratsing consultanvs fees & exr* Insurance Printin& postège & stath)nery Stsff costs (Note IOI Travel and subsistence INote 161 3.173 1.698 223 2,371 3.015 1.202 157 157 1.568 1.568 98 6.771 10
FUND FOR HUMAN NEED NOTES TO THE Accoupirs FOR THE YEAR ENDED 315t AUGusf 20211continued) 6. Summary of Grdnts Paid IlumbÈroF Grants Total Grzr 2020 Numbwof GTants 2020 Unrestricted Funds Grants to indmduals in fte•J 56,076 673 66,284 872 Restricted Funts Total Gr4nts Paid 7. Grant5 from Unrestrirted Funds to individuals in need Total Grants Number of Grants Paid thUgh in5titirtion5- Bryht Future Bitii5h Red Cross Freedom from TorbJre Milnn1V V10 Peace of Mind Room to Heal Samosa &sters Southwark Day Centre for Seeker5 St. George's ChUh. Leed5 Youre Roots 12 iWtUtio pald bewn £5(X) and £L(AXJ 84 lrstrtuti0r paid les5than £S(KI 1,970 2,780 1,070 24 13 21 25 1160 i.oio 1130 1.370 1.720 25 17 22 22 106 149 203 8.830 12.S70 17.226 144Ql Paid to indfvidua Pwsous yeargrants unused 56JJ76 673 All grants were received by irhJNiduals in the UK. Nogrdnt exceeded£2CKJ. 8. Grant Making Costs Totsl 2021 Total 2020 Printin& w5tsge & stat[ stsff costs INote 101 Sundry expenses Travel ex[eS S.7SO 516 6.695 528 516 69 11
FUND FOR HUMAN NEED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 3tst AUGusf 2021 (continued)
9. Governance Costs
Totsl
2021
2020
Cvstodian TNsteg administration charge
Trustees. trdvel expenses (Note 161
Other costs
126
203
10. stsff Costs
2021
Salary
National IuranCe
7.318
9,490
220
7318
9.710
Staff costs a in respett of a part4ime administrator. and have been alk
FUND FOR HUMAN NEED NOTES TO THE AccouKrs FOR THE YEAR ENDED 3tst AUGusf 2021 (continued) 13. Movement in FuiKIs Gairflkts5e51 lan Izrritd Year to 31" August 2021 Forward 68,916 62.È85 169.9011 6.955 5.353 74.208 method Schcol of Cok)n. Panama MAPJ Grdnt 903 5.353 187 15,3531 G.E.Wilson Scholarship Fund 24.956 147 24.485 Total Funds iA23 63m 169301) Gs/lbssesi Unrestricted fu15 5&162 77.724 IFA2841 16861 68,916 Restrictedfunds Methodit khool of Colon. Panama MAPJ Grant 351 552 903 5,353 120,147) Endtywmentfund G.E.Wilson Schokrshlp Fund 24726 24,956 Totsi Funts (86h311 14561 I.128 14. Endowment Fund rhe G.E. Wilson holarship Fund wasestsutshed in 1970with disuetA)nary payNnts re1Ved frorn the estate of the late Mrcharles Aln.The caal0f 4,485 is invested in 11,49) unttsintl CFB Managed Fixed Interest Fund. issued bythe Céntral Finance Board of the MethodiEt Ch¢Jfch. The Iorne arising from the Fund's invasknents is to bÈ used for thÈ provision ofschdar5hipsto children attendi the Meth)d6t 1 in Colon, Panama. 13
FUND FOR HUMAN NEED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st AUGusf 2021 (continued) 15. Analysis of f4et Assets between Funds Endrywmert Totsl Funds Funds Funds Fur Investments CFB Mar¥a8ed Fixed lrterest Fund unrts (FB Managed Mixed Fund units 24A85 24,485 44.825 Debtors Short temi derx)sits Cash at bank 1596 22,494 1635 1.051 4.293 742OB 24.485 99,783 16. Expenses Reimbursed to Tee5 2020 Travel to meettngs 343 Number of tru#ees rÈimbutsed In 2019-20trustees' t¥avel expenses of £140 were irKuffed in resFÉrtof fundR1nEsteerirqgr0UP meetings. and included in fundraisiftE costs INtste Sl. The balarKe of £203 was included in goVernae costs (Note 91. None ofthe tnsstees have ert paid afiy reMUneran or fEceNed any other beneffts frorn an ernployment with the Flsnd ora related entty- 17. Trdnsactions with Trustees and Related Partie5 Otherthan uncorKlrtional donation5 of £4.365{2012o: £3.4601 TNed duringtheyearfrom trustees. there have been no transactions with trusteesor other retated parries. 18. Volunteer Contributions The Fund is adrninsstered by itstrustees in a brluntary capaciry. In addrtK•n toseThlng as trustees, their principal contributions as volunteers are the appToval and payment ofgrants. fundraisi and the management of the Fund'5finanw and accounting arrangents.Th@ trustees are supported trya part4iry* administrator. 14