FUND FOR HUMAN NEED
Report and Accounts
for the year ended 31st August 2023

FUND FOR HUMAN NEED
REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31st AUGUST 2023
Contents
Page
L*1 & Administrative Infomiation
Trust*ég Report
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
Notes to the Accounts
11-16

FUND FOR HUMAN NEED
LEGAL AND ADMINISTRATIVE INFORMATION
Reglstered Charlty Number
Prlnclpal offlce
208866
6 Newlands Road
Darlington
Co. Durham
DL3 9JL
fundhumanneed@gmail.com
Webslte
www.fundforhumanneèd.or8.uk
Twstees
Rev Roger Cresswèll
Rev Dr David Palmer
Mrs Karen Drayton
Mr Noel Schorah
Chair
Secretary
Grants Officer
Treasurer
Rev Rosemary Fletcher
Rev Gilllan Hulme
Mr Andrew Kèmp
Rev Robert MaBinley
Custodian Trustees
The Trustees for Methodist Church Purposes
Central Building5, Oldham Street, Manchester Ml IJQ
Bankers
C￿Operative Bank
P.0. Box 250, Delf House, Southway, Skelmersdale WN8 6
HSBC Bank Plc.
333 Vauxhall Bridge Road, London SWIV IEJ
Independent Examiner
Mr Roger Pipe
6 Yew Tree Park. Whltleyi Goole, DN14 ONZ
Page 3 of 16

FUND FOR HUMAN NEED
TRusfEES' REPORT
FOR THE YEAR ENDED 31st AUGUST 2023
The trustees presènt their Report and Accounts for the year ended 31st August 2023. The accounts have been
prepared in accordance wtth the accounting poltcies set out in note I to the accounts and comply wtth the charitvs
trust deed, the Charities Act 2011 and the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS 1021 published on 16th July 2014.
Objertlves and Actlvltles
The trust deed of the Fund for Human Need IFHNI provides that the capital and income of the trust shall be used to
relieve and remove hunger and poverty in all parts of the world without regard for politics, ra¢e, colour or creed.
FHN'S funds are applied by the trustees In accordance with these objertives. The trustees confirm that they have
referred to th@ Charity Comrnission's guidance on public benefit when reviewing the Funds aims and obiectivos. in
planning future activities, and Setting the grant making policy for the year.
The Fund furthers lis charttable purposes for the public bènefit through its grant making policy, to relieve hunger and
poverty in the UK by utilising its unrestricted funds for making grants not ex￿eding £2tK) to Tefugees. asylum seekers
and the homeless, and to individuals in other forms of personal distress.
In making these emergency relief payments from LFnrestricted fvnds, it 15 recognised that FHN cannot be the major
source of support in such cases. Prlority is given to those who are destitute, havin8 no income or welfare benefits at
all, to those who are particularly vulnerable, and to those where a small payment will make a major differen￿.
Although some of these grants are paid direct to Individual beneficiaries, or to another person nominated by the
beneficiary rf the beneficiary does not have a bank account, the majority are paid through other charities and
institutions.
The trustees also administer the assets of the G.E. Wilson Scholarship Fund for the benefit of the Methodist School at
Colon in Panama. The capitsl held for thi5 purpose has always been regarded as a permanent èndowment. Investment
income and donations for the school are transferred to the school. providing scholarships for the neediest pupils and
assisting those who have difficulty meeting the full fees.
Achievements and Performance
The trustees are pleased to report that in the year under review 679 grant payments have been made, providing not
only vital emèrgency 5UPPOrt to more than LIIY) people in all parts of the UK but also expresslng loving concern and
offering hope.
During the year there ha5 been a significant increase in the amount of donations made by individuals-the highest
mount in the history of the Fund. We are very grateful to all who have responded by making onè-off gilts and for the
personal cornmitment of those who are giving regularly by rneans of a standing order.
In the sarne period there has been a reduction (from the previous yearfs record arnountl in the total received from
churches. This no doubt reflects both the flnancial pressure felt by many congregations and a lack of awareness of the
Fund that still exists in many quarters of Merhodlsm, the latter of which we are seeking to addres&
The appointment in 2018 of our part-time administratorlfund-raiser nece558rily saw a rise In the Fund's Costs but led
to a more than ten-fold increase in donations (from just £6,7CQ in 2016> which more than justified her employment.
This has meant that over the past five year5 we have been able to offer grants, modest as they are, to a far greater
number of people experiencing hardship- the very reason for the existence of FHN. Attendance at carefully chosen
national conferences and event5 15 aimed at ensurlng the Fund is recognised by more people and generates fflore
support. The trustees aim to ensure that as far as possible the cost.. income ratio Is no more than 20%.
Towards the end of the last financial year we experimented with paying 8rants by bank transfers to organlsations we
knew well. During 2022-23 this has become the norm and gt all our grants arè now paid in this way, which saves
stationery and postage costs but, even more importantly, ensures that the help we are able to give people who are
desperate, wherever they live in the UK, is received within Seconds of it being sent.
Pa8e 4 of 16

While the grants are modest, responses received often express appreciation of the money given which for many is
life-line when they are so desperate. As important as is the money, which providès vitsl, short-term help, is the
knowledge that through the generosity of OUT SUPPOrters we have been able to show contern, give hope and share
Gods love.
Financlal Revlew
The year under review Saw an inciease In unrestTiCted income from £77.071 to 81.920. The donations from individuals.
including Gift Aid, increased from £51,382 to £ 63,393, however the donations received trom churches reduced from
£24,482 to £15,158. The average donation from churches was £205 and for individuals the average was £56 before Gift
Aid, although many of these are reg(tlar monthly gifts by stsnding order. Donations rece4ved via CAF totslled £7,072
and £2,872 was received through Just Giving.
679 grants were made to individuals in need, totalling £73,070.. compared with 751 grants totalling £72,696 in the
previous year. The average grant value increased from £97 to £108 in the year- following a trustee decision to reflect
the effects of inflation in the level of grants awarded. Fundralsing expenditure, of £9,851, was an increase on the
previous year'5 totsl of £8,413. Fundraising and administration expenditure totalled £18,128 an Increase £2,122 from
the previous year, and amounted to 22% of the yearfs unrestricted income. Expenditure ex￿eded income by £9,278,
due to a deliberate policy to reduce the reserves in unrèstrirted funds. This has enabled us to increase the average
value of grants and support more pèople in desperate need duing the yèar. After the ￿VaIljati0n of the CFB Managed
Mixed Fund investment fund, the totsl of unrestricted funds was £48,831. a decrease of £10,931.
There has been a further Improvernent in IT efflelency by introducing a standard file namin8 convention and folder
strvcturè, for the key financial records and the large amount of supportlng inft>rmation requlred to rnaintain financial
control.
Restricted income re￿iVed for the Methodist school In Colon, Panama, including income from endowment fund
investments, was £533 an increase on the £233 for the previous year. The annual transfer of funds to the school,
usually made towards the end of the Fund's financial year. h3$ been deferred for the time being
as the school
rernains closed and It is uncertain when it will be in a posltlon to re-opeft.
Investment Pollry and Performance
The trust deed gives the trustees discretion to invest the trust funds and to use the income arising, and the proceeds
of a sale of investments, for the objects of the charity.
Following the trustees, decision to reducé the level of resèrves in unrestricted fund5, units valued £5,999 were sold in
thè CFB Managed Mixed FurKI.
70% of FHN'S unrestricted funds, together wlth the asset9 of thè G. E. Wilson Scholarship Fund, are held in units of two
of the investment funds of the Central Finance Board of the Methodist Church ICFBI, the CFB Managed Fixed Interest
Fund and the CFB Managed Mixed Fund, in order to achieve a higher return than is generally available on the Fund's
short term deposits. These Investments are held by The Trustees for Methodist Church Purposes, who act as ¢u5todian
trustees for FHN.
CFB aims to provide a high quality investment Service seeking above average returns. to follow a dlsclpline in which
the ethical dimension is an integral part of all inve5trnent decisions, and to construct investment portfolios consistent
with the moral stance and teachlngs of the Christian faith.
A revaluation of the Fund's investments at 31st August 2023 showed a net unrealised loss of £3,158, represeTrtlng a
decrease of 7% in the value of units in the CFB Managed Fixed Interest Fund and an decrease of 4% in the value of the
CFB Managed Mixed Fund units. The Income distributions for the year, based on the 31st August 2022 valuations of
the units. represented yields of 2.56% on the Managed Fixed Interest Fund units and of 2.65% on those in the
Managed Mixed Fund.
Page 5 of 16

Risk Management
The major risks to which the charity is exposed. as identified by the trustees, have been reviewed, and systems or
prO￿dureS have been established to managè those risks. In particular, it is recognised tt)at as B small organisatÉon FHN
does not have the resources 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 written confimiatlon that they will be used for the purposes
for which they have been made.
Reserves Policy
The Fund's reserves pollcy has been reviewed by the trustees, having regard in particular to uncertaintiès In relation to
future levels of incorne from donations, intluding the impact of a loss of the sm811 number of donors who contribute
significant proportion of the Fund's income. to the low returns it is currently receiving on its investments, and to the
numbers of grant applications, which have increased significantly in recent years.
The trustees have approved a policy to malntain reserves in unrestricted funds, as cash and investments, equivalent to
6 months of unrestricted expenditure. The balancè of free reserves in unrestrirted funds at 3tst August 2023 was
£48A31, whlch represented just under 6.5 rnonths of thè past year's expenditure.
Plans for the Future
As noted above, there are many people within and beyond the Methodist Church who might be experted to have
sympathy with FHN'S object "to relieve and rernove hunger and poverty...without regard for politics. race, colour or
creed" but who do not know of the Fund and how it Supports people in need. As we embark on our 2023-24
programme of fund-raising and grant-making we are distributing information about the Fund to every Methodist
hurch in the UK in the form of a supply of updated flyers which it is hoped will lead to an increased response from
both congre8ations and Sndlvlduals.
We continue to seek ways to Cover the fund-raising and administration costs of the Fund by Sponsorship ènd grants. If
we were able to achieve this it could result in all thè money donated by individua15 and groups being given in the on
off relief payments to tide people over when they are destltute.
The applications to FHN for asslstance often describe the extreme poverty, abuse and despalr experienced by pèople.
What should encourage all who contrlbute to their relief by supporting the Fund Is the sincerity of the 8ratitude of
those who have reoived grants for the help they have been given. This is something that we airn to convey through
the newsletter.
The trustees express thanks to those who have taken on the role of 'Friend of FHN, and who advocate the work of FHN
in their area. They also wish it to be known that they welcorne opportunities to speak to groups of the positive impact
our quite modest grant payments make to Some of the most vulnerable and needy people in our society today.
Structure. Governance and Management
The Fund for Human Need is a registered ¢harity, number 208866, and is constituted under a trust deed dated 17th
February 1960.
The charity is administered by a board of trustees. which meets for the Annual General Meeting and additionally as
the need arise& When vacancies occur, new trustees are appointed by the existing trustees. Thè trustees may by
resolutlon delegate their powers to agents or to one or more of themselve5 and from time to time revoke such
delegation.
FHN'S day to day business is administered by its officers in a voluntary capacity, supported by a part-time
adrninistrator. Two trustees. usually being the Grants Officer and the Chair, meet monthly to assess grant applications
and agree to whom these emergency relief paymèfttl should be awarded and the amount of each payment. Together
with a financi31 report, a list of grants paid is made avallable to the trustees each month, and a150 submitted to the full
trustees, meeting for retrospective approval.
FHN'5 bankers are authorisèd to honour payment instructions which havè been signed by any two of the trustees
named on the bank mandate.
Page 6 of 16

Reference and Admlntstratlve Informatlon
Fund for Human Ileed: Registered Charity Number: 208866
Principal oflke: 6 Newlands Road, Darlington, Co. Durham, DL3 9JL
Trustees
Rev Roger Cresswell, Chair
Rev Dr David Palmer, Secretary
Mr Noel Sthorah Treasurer
Mrs Karen Drayton, Grants Officer
Rev Rosernary Fletcher
Rev Gillian Hulme
MrAndrew Kemp
Rev Robert Maginley
stodian Trust￿ The Trustees for Methodist Church Purposes
Trustee< Responslbllltles In relatlon to the Accounts
The trustees arè responsible for preparing a trustees, annual report and financial statements in accordance with
applicable law and United Kin8dom Accounting Standards (United Klngdom Generally Accepted A¢counting Practice).
The law appllcable to charities in England and Wales requires the charity trustees to prepare financial statements for
each year which give a true and fair view of the state of èffair5 of the charity and of the incoming resources and
application of resources of the charity for that period. In preparing the financial statements the trustees are required
to..
select suitable accounting policies and then apply thern consistentlv,.
observe the methods and principles in the applicable Charities SORP,.
make judgements and estimates that 3re reasonable and prudent,.
state whether applicable accounting standards have been followed, subjett to any material departures disclosèd
and explained in thè financial statements,.
prepare the financial ststements on the going concern basis unless it is inappropriate to assume that the charity
will continue in busines&
The trustees are responsible for keeping proper accounting records that dlsd05e with reasonable a£cLtracy at any time
the financial pO￿tIOn of the charity and enable them to ensure that the firÈancial ststements comply with the Charities
Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the trvst deed. They are
also responsible for Safeguarding the asset5 of the chèrity and tsking reasonable steps for the prevention and
detection of fraud and other irregularities.
The trustees are responsible for the maintenat)¢e and integrity of the charity and financial information on the £hariVs
website in accordance with legislation tn the United Kin8dom governing the preparation and dissemination of financial
statements.
Approved by the trustees on 16th November 2023 and signed on their behalf bv..
Roger Cresswell
Chair of Trustèès
Page 7 of 16

FUND FOR HUMAN NEED
Independent Examlnerfs Report to the Trustees of the Fund for Human Need
I report on the accounts of the Fund for the year ended 31st August 2023 set out on pages 9- 16.
Respertlve responsibllltles of tnistees and examlner
The chariV5 trustees are responsible for the preparation of the atcounts. The charitys trustees consider that an audlt
is not required for thi5 year under seetion 144 of the Chartties Act 2011 Ithe Charities Act) and that an independent
examination is needed.
It is my responsibility to..
examine the accounts under sertiots 145 of thè Charities Att,.
to follow the procèdures laid down in the general Dirertion5 given by the Charity Commission (under séction
14515llbl of the Charlties Act),. and
to stste whether particular matters have Come to ffly attention.
Basis of independent examlnerfs Statement
My examination was carri&d out in accordance with general Dlrections given by the Charity Commission. An
examination Include5 a review of the accountitig records kept by the charity and 8 comparison of the accounts
presented with those records. It also includes consideration of any unusual itèms or disclosures in the accounts, and
seeklng explanations from the trustees concerning any such matters. The procedures undertaken do not provide all
the evidence that would be required In an audit. and consequently no opinion is given as to whether the accounts
present a.true and fai￿ view and the report is limited to those matters set out in the ststement below.
Independent examlnerfs ststement
In connection with my examTrnation, no matter has come to my attention..
111 which gives me reasonable cause to believe th8t, in any material respect, the requirements..
to keep accounting records in accordance with section 130 of the Charities Att,. and
to prepa￿ accouwtts which accord with the accountlng records and compty with the accountlng requirements of
the Charities Act have not been met; or
121 to which, in my opinion, attention should be drawn in ordèr to enable a proper understanding of the accounts to
be reathed.
Ro8er Pipe
6 Yew Tree Park
Whitley
Goole DN14 ONZ
16th November 2023
Page 8of 16

FUND FOR HUMAN NEED
STATEMENT OF FINANCIAL AcfiviTIES
FOR THE YEAR ENDED 31stAUGUST 2023
Note ￿restr￿ed Restrkt•d EndovAnent
Tot•1
Total
Funds
Funds
Fund
Funds
Funds
2023
2022
Income from:
Donations
80,646
75,865
Legacies
Investrnents
1274
533
L807
1.441
Grants Re￿IVed
Total income
8L920
533
82.453
77.306
Expenditure on:
Ratsln8 funds
gA51
9,851
8,413
Chr¢rltsbl• aetlvftlès
Grdnts paid
Grant making costs
Govemance Costs
617
73,070
7,796
481
73,070
T2,696
6,941
65Z
481
Total expenditure
91,198
91.198
88,702
Net incornellexpenditurèl before
investment gain51llossesl
19.2781
533
18,7451
111,3%1
Net gainslllossesl on Investments
11113
11,6521
11,5051
13.1581
16,4581
Net incomel{expendlttsre)
110.9301
111,9)31
I17￿54)
Reconciliation of Funds:
Total fund5 brought forward
59,762
1.324
20,843
81.929
Transfer of balance brought forward
Total funds carried fonvard
4&832
IA58
19.338
701126
81.929
The note5 on pages 11- 16 fom) part of these accounts.
Page 9 of 16

FUND FOR HUMAN NEED
BALANCE SHEEr
AS AT 31st AUGusf 2023
2022
Fixed Assets:
Inve5tments'.
Endowment fund
li
19,338
20.843
Totsl Flxad Ass•ts
19A38
Current Assets:
Oebtr>r
12
4,119
3,118
Shortterrn deposlts
Cash at bank
2,757
9,454
34,358
12,291
Invèstments..
Unrestrlcted fvnds
li
42.C¥J9
Tot41 Curr•ntAss•ts
61,086
Total Net Assets
81,929
Funds of the Charty:
Endowment fund
14
19,33B
1.857
Restricted income funds
1,324
59,762
81,929
Unrestrfcted fund5
Total Funds
48,831
70,026
The notes on pages 11- 16 fomi part of thes? xcounts.
Approved by the trustees on 16th November 2023
and slgned on thelr behalf by..
Ro¥er Cresswell
Chalr of Tnjstees
Page 10 of 16

FUND FOR HUMAN NEED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31st AUGUST 2023
L Accounting Policies
a) Basi5 of preparation
These accounts have bg*n prepared under the hlstorfcal c05t conventlon. wlth items recognised at cost or transartiorf
valuè un1è5S Otherwise stated In the relfrvant notes to these accounts.
The accounts have been prep?red in accordance with the Statement of Recommended Pra¢tl¢e-. Accoursting and
Rèporting by Charities preparlng their accounts in attordance with the Financial Reportln8 Standard applicable in the
United Kingdom ané Republlc of Ireland IFRS 1021 Issued on 16 July 2014, and with the Flnandal Reporting Standard
applicable In the United Kingdom and Republ1¢ of Ireland (FR5 1021, and wlth the Charftles Art 2011.
The Fund constitutes a public benefit entlty as defined by FRS 102.
b} In¢ome
Incorne frorn donations is recognlsed when roceSved.
lJ¢ome from Gift Aid claims is Included in the same perlod as the donatlons to which they relate.
Income from legacies and from 8rants is recognisÈd when entitlement has been conflrmed, th? amount can btr
quantified act%Jrately arFd receipt is probabl•.
Investment Income, representlng dlstrfbutlons from the Centfal Finan￿ Board of the Methodist Church, is accounted
for on an accruals basis.
c) Expendfture
All expeTrditure Is accounted lor on an accrual$ basis.
Grant5 become payable when approvtd by two trustees, usually at a monthly meetlng of the Grant5 Officer and the
Chair.
dl Funds
Uftrestrictedfvnds are funds whl¢h can be used at the dlscretlon of the trustees in accordance wlth the charitable
oblects of the Fund for Human Need.
Restrictedfvnds are funds whlch may only be used for partlcular restricted purposes withsn the objects of the charfty.
Restrirtions arise when speclfled by the donor or when lunds are raised for particular rèstricted purposes.
The endowmentfvnd represents the assets of the G.E. Wllson Scholarship Fund, which must be held permanently by
the charlty. Inwme arf5ing from the endowment fund rnust be used for the prow5ion of scholarshSps at the Methodist
School in Colon. Panarna. and istreated as restricted funds in these accounts.
el Investments
Investrnents are stated at thelr markot value, on a mld-ptqc+ ba$ls, as dete￿Ined by the Centr41 Finance Board tsf the
Methodlst Church.
f) Gains and10sses on investment a$set$
Reallsed and unrèali5&d gains and lossès on i#vestmer*ts are dealt with in the Ststement of Flnancial Activitles In the
year in which they ori5e. Realised gains and 105ses on investments are calculated as the difference between sales
proceeds and thelr opening carrwn8 value or their purchase cost If acqulred subsequent to the first day of the
flnanclal y•ar. Unreallsed gains and losses are calculated as the difference betr4een the market value at the year end
and theSr caryln8 value.
Page 11 of 16

FUND FOR HUMAN NEED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31stAUGU5T 2023
Dottations
Dotwtlo
Tothl
Tat41
Ret¢lv•d
GEft Aid
2023
2022
Unrestiictid Funds
54,614
.158
2,095
8.779
63,393
15.158
2.(B5
51,382
24,482
Churches
Card Sales
Tot41 ￿r•thrf•d donwtlom
71,867
75,865
Restrlcted
Methodist School of Colon,
Panama
Total Don•tlgn$
71,867
8.779
75,865
Investment Income
Total
Total
2023
2022
UnrestrFcted Funds
CFB Investment Funds distributlons
1,114
I,In
35
CFB Deposlt Fund Inte¥e5t
1,274
Resirl¢ted Fund5
CFB Investment Funds distribution5
533
234
Totlll Investment IrKome
533
234
Grants Rec•ived
No Brants have been received thlsyear.
Fundraising Costs
T￿*1
Yotsl
Unrestrlctsd R•Mrkt•d
202Y
2022
Advertising & publlclty
Fundraising consultant's fees &
expenses
Insuran¢e
996
2,805
96
prtntin8. posts8e & statltsnery
1,746
1,746
Staff costs (Note 101
4.288
4,288
2,739
Travel and subsistence INote 161
1,113
1,113
Card5- Prfnting & Postage
Events
20
20
1,593
9,851
1,593
9,851
Totsl
8,415
Page 12 of 16

FUND FOR HUMAN NEED
NOTES TO THE ACCOUNT5
FOR THE YEAR ENDED 31st AUGUST 2023
6. SummaryofGrnnts Paid
Totyl
Nurnbgr
Totsl
Number ot
Grants
Grants
Grnnts
Grnnts
2022
(knr•strktqd Funds
Grants to individuals in need
73,070
679
72,696
751
R•sIrjtt￿ Fund5
Totsl 6Trnts Pakl
73,070
$79
72,696
751
7. Grants from Unrestrlrted Funds to Indlvlduals in need
Totsl of
Numb•r ul
6r4nts
Gmnts
Paid through instltutlons-
Brltlsh Red Cross Le1￿$ter
2,830
2,750
1,740
1,520
1,5LKI
1,4
IN50
1270
IA30
1.310
1,19)
1,180
1,170
1,120
I,iio
1,09)
1,025
19,185
13,730
15.030
620
25
Brlght Future
Gllead Foundatlon
24
14
Somosa Slstsrs
14
Pe3ee of mind
13
Penrose Optlons
Project Future
Gateshead aty of Sanctuary
Cygnet behavioural Health.
Scottlsh Assoclation for Mental Health.
The Unlty Centrè
Guinnes5 Partr+ershlp.
Cross Ethnlc
12
12
12
12
li
li
li
li
Ubuntu Women Shelter
io
The projoct
8atsbab Wornens Project cic
Brltlsh Red Cross/ young ￿r￿gee servi
26 inst5tutlon5 pald between £5CQ and £IADJ
66 institutlons paid le55 than £51M)
Paid dlrectly to Indlvldua15
Cheque5 presented re prlor yeargrants wrltten back
Prevlous year 8raryts unused I relunded
io
io
177
125
156
73,Q70
679
All grant5 were re￿IVed by Indlvidua15 in the UK. No 8rant ex￿ed*d £20).
Page 13 of 16

FUND FOR HUMAN NEED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31st AUGUST 2023
Grant Makln8 Costs
Tot•1
Totsl
UnrnstrlL*ed R•strtrt¢d
2023
2022
Pllntin& postsge & stationery
Staff costs (Note 101
Sundry expenses
Travel expenses
237
297
6,933
571
6,933
571
5,7
522
55
55
41.05
7,796
GoverTran￿ Costs
Tot•1
Totsl
unr4￿rE(l8d Restricted
2023
2022
cU￿lan Trusteeg admlnlstratlon charge
Bank charges
Trustees, travel expenses (Note 161
Other costs
179
179
197
157
157
328
iii
iii
92
35
35
35
652
10. Staff Costs
2023
2022
Salary
Natlonal Insurance
11.221
8.519
IL221
8.519
Staff costs are in re5pert of a part-time administrator, and have been allocated between fundrais4n6 and grant making Costs
based Qft daily timesheets. No pension costs have been incurred.
11. Long Terni Investment Funds
Unr•strkt4d EndowTh•nt
2023
2022
Mo¥ement In CFB IhV•Stm•nts
Carrying value at 1st September2022
Sale of units
42.009
-5,999
-1,652
20,843
62.852
-5.999
-3,157
69,310
alnlllossl on revaluation of investrnents
Carrybw V•lu• •t Ytst Augitst 2023
-1,505
16.4581
34.358
Investments are ￿rrIed at thelr market value, on a mid-prlce basis. a5 determined by the Central Flnance 8oard of th¢
Methodlst Church.
12. Debtors
2023
2022
CFB Investment Funds distributions
Glft Ald clalm
3,679
4,119
2.734
3J18
Page 14 of 16

FUND FOR HUMAN NEED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31st AUGUST 2023
larrt*
broulht
13.
Movement In Funds
Gal￿/{10$$•5}
41n Inv•51monts
8Jl•n¢è
carrled
Tr•nsf•rs frnrrt
Incom• Exp•ndl¢ur•
Y••rto 31st Avwtst 2023
Unrastrthd fund5
59,762
81,920
I￿,198)
It,6521
48,831
R•strfct•d I￿￿15
•th¢xllst School of Colon, Panama
endowm•nt fi￿d
1,324
533
1,857
G.E.Wllson 5cholarshlp Fund
11,5051
19,338
Totsl Funds
81.929
82,45S
I￿.198)
(3,1581
70,026
B•l•bK•
brouiht
FO￿￿rd
B•l•nc•
Income Exp•ndliurn
6•lnsllloss•sl
on Inv•stm•nts
Transf•rs frnrd
Ve•r to 3tst Auli￿t 2022
Unre5trirted fund$
74,Z08
77pn
188,7021
12,8161
59,762
R8strl¢ted funds
Methodist Scheol of Colon, Par¥ama
Èndowrnortfvnd
234
1,324
G.E.Wilson Scholarshlp Fund
24,485
13.6421
20.843
Tot•1 Funds
99.783
77.*)6
188,7021
144581
81,929
14. Endowment Fund
The G.E. Wilson Scholarship Fund was estab115hed in 1970 with discretionary payments received from the estate olthe late
Mrcharles A. Allen. The capital Is Invested in I1.4￿ units in the CFB Managed Fixed Interest Fund, Issued by the Central
Flnance Board of the Methodist Church. The In¢ome arisin8 from the Fund's investments Is to be used forthe provislon tsf
stholarships to chi5dren attendingthe Methodist School In Colon. Panama.
Pa8e 15 of 16

FUND FOR HUMAN NEED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31st AUGUST 2023
Anatysls of Net Assets between Funds Lknr•strkknl R•stricknd Endowment
Totsl
Furth1$
Funds
Fund
Funds
InTMS¢mg1
CFB Managed FIMed Interest Fund unlts
CF8 Man48ed Mlx•d Fund unlts
19,338
19,338
34,358
34,358
Cunort •S5ets
Debtors
3,930
189
4,119
Shortterrn deposlts
1,089
1,668
2,757
Cash at bank
9,454
9,454
NetAssets at 31st August 2023
48,831
I￿57
19,338
70.026
Expenses Relmbursed to Trnstees
2023
2022
Travel to meetings
iii
93
Numbtrr of trustees reimbursed
None of the tNstees have beea paid any remuneratlon or received any other benefitsfrom an employment
wlth the Fund or a related entity.
17. Tran50rt1ons with Trustees and Related Parties
Otherthan uncondltlonal donatlons of £3.94512021-22'. E4,0111 recelved during the yearfrom trustees and
£36812021-22.. £8061 re¢elved from trustee5 lor th¢ 541e of FHN 8ree*lng ¢8rds, there have been no
tr8nsactlons wlth trustees or other related pBrtle&
18. Volunteer Contrlbutlons
The Fund Is adrninistered by its trustees In a voluntary capaclty. In addltion to servlng as trustee5, thelr
principal contributions as volunte*rs are the approval and payment of grants. fundraisin& and the
management of the Fund's finan￿$ and accounting arrangement& The trustees are supported by a paid part.
time administrator.
Page 16 of 16