FUND FOR HUMAN NEED
Report and Accounts
for the year ended 31st Au8USt 2024

FUND FOR HUMAN NEED
REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31st AUGUST 2024
Contents
Pa8e
Le8al & Admlnlstrative Informatk>n
Trustee< Report
Independent Examlnerfs Report
Statement of Financial Artlvrties
Balènce Sheet
Notes to thè Accounts
4-7
io
11-16

FUND FOR HUMAN NEED
LEGALANDADMINisfRATIVE INFORMATION
Registered Charity Number
Principal offlce
208866
6 Newlands Road
Darlington
Co. Durham
DL3 9JL
fundhumanneed@gmall.com
Website
www.fundforhumanneed.org.uk
Patron
The Rt Honorable the Lord 8oateng
Trustees
Rev Roger Cresswell
Rev Di t)avid Palmer
Mr5 Karen Drayton
Mr Noel Schorah
Rev Rosemary Fletcher
Rev Gillian Hulme
Mr Andrew Kemp
Rev Robert Maginley
Chair
Secretary
Grants Officer
Treasurer
Custodlan Trustee5
The Trustees for Methodist Church Purpose5
Central Buildings, Oldham Street. Manchester Ml IJQ
Bankers
Co-operative Bank
P.0. Box 250, Delf House, 5outhway, Skelwnersdale WN8 61
HSBC Bank Plc.
333 Vauxhall Brid8e Road, London SWIV IEI
Independent Examlner
Mr Roger Pipe
6 Yew Tree Park, Whitleyi Goole, DN14 ONZ
Page 3 of 16

FUND FOR HUMAN NEED
TRUSTEES, REPORT
FOR THE YEAR ENDED 31st AUGUST 2024
The trustees present thelr Report and Accounts for the year ended 31st August 2024. The accounts have been
prepated in accordance with the accountin8 policies set out in note I to the actounts and comply wlth the charitys
trust deed, the Charities Act 2011 and the Financlal Reporting Standard applFcable in the UK and Republic of Ireland
IFRS 1021 published on 16th July 2014.
Objectives and Artivities
The trust deed of the Fund for Human Need IFHNI provides that the capital and incomè of the trust shall be used to
relieve and remove hunger and poverty in all parts of the world without regard for politics, race, colour or creèd.
FHN'S funds are applied by the trustees in accordance with these objettives. The trustees confirrn that thev have
referred to the Charity Commission's guidance on public benefit when reviewing the Fund's aims and objedives. in
planning future activities. and setting the grant making policy for the ye8r.
The Fund furthers its charitable puiposes for the public benefit through its Erant making policy, to relieve hunger and
poverty in the UK by utilising its unrestricted funds for making grants not exceeding ￿(M) to refugees. asylum seekers
and the homeless. and to individuals In oiher form5 of personal dlstress.
In making thèse emergency relief payments from unre#ricted funds. it is recognised that FHN cannot be the major
source of support in such cases. Priority is given to those who are destitute, having no income or welfare benefits at
all, to those who are particularly vulnerable, and to those where a small payment will make a major difference.
Although some of these grants are paid direct to individual beneficiaries, or to another person nominated by the
beneficiary if the beneficiary does not have a bank account, the majority are paid through other charities and
institution&
The trustees è150 administer the assèts of the G.E. Wll50n Scholarship Fund for the benefitof the Methodist School at
Colon in Panama. The capital held for this purpose has always been regarded as a permanent endowment. Investment
incomè 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 Perfomiance
We are pleased to report that the £99,381 donated to the Fund for Human Need in 2023-2024 was the largest amount
ra15ed in a single year since the inception of the Fund in 1960. Because the Fund makes cash payments to people in
need (either dirertly or via an organisationl access to sources of funding oftèn available to other charities is very
limited and we have to rely upon voluntary giving for our income. We express our thanks to all who retognise the
importance of FHN'S work and have given so generously or undertakertr fundraising events so enthusiasticèlly. This has
enabled us to maintain a con515tent level of grant-making whèrè the payments, despite being made on a once-only
basis, are making a signifitant difference to pèople with little or no incorne.
In the course of the year our emergency payments have helped over I,5¢￿% people, the majority of whom have
requested ffloney for food, clothing, bedding and other essentials. They indude those who are homeless or gofa-
surfing. women who have experienced domestic violen£e, others awaiting Universal Credlt or other benefits or, in the
case of asylum seeker5, a decislon on their statu&
Although many applications each month are made personalty, most are made by charities, churches and statutory
services, of which there are over 90 which apply oft behalf of their clients. Almost all grant payments are now m3de by
bank transfer ensuring a much speedler and reliable response as well as being more cost effective.
Circulation of the newsletter, prodvced three times a year In printed form or sent online, enables us to keep in touch
with those who sUPPOrt the Fund. Every edition includes examples of the difficult financial situations in which people
find themselves which lead to a requèst for help,. a selection of the acknowledgements for the payments of betweén
£IC(l and £130 which we have made is also given.
Page 4 of 16

We are aware, however, that the emergency payments we make, while much appre£iated. are not as many* nor as
much. ès would be required to meet all the need5 presented to us. We are very grateful for the 500% increase In our
income slnce 2018. but recognise that there is so much TrTrore we could do.
Our fundr3iser/administrator and trustees attend a limited number of national events, amon8 them G￿enbe1t and the
Methodist Conference, and they provide opportunStie5 to advocate the work of FHN, but we wish to make clear that we
also welcome invitations to speak tts local churches and other groups.
*this includes 473 children.
Financial Review
The year under review saw an increase in unrestricted income from £81.920 to £101,059. The donations from
individuals, including Gift Aid, increased from £63.393 to £70.225, and the don2tion5 received from churches increased
from £15,158 to £27,923. The average donation from churches was £183 and for individuals the average wès £55 before
Gfft Aid, although many of these are regular monthly gifts by standing order. Donations received via CAF totalled £5.445
and £3,302 was received through Just Giving.
672 grants were made to individuals in need, totalling £72,050 compared with 679 grants totallin8 £73.070 in the
previtsus year. The average 6rant value remalned at around £108 In the year - a5 in the previous year. Fundr2ising
expendlture, of £8,560, was a decrease on the previous year's total of £9,851. Fundraising and administration
expenditure tot3lled £16,999 a decrease of £1,129 from the previous year and amounted to 17% of the ye3rf5
unrestricted income.
For the Unrestricted Funds= income exceeded expenditure by £7,371, due partly to a sSgnificant increase in income at
the end of the year. This will enable us to support more people ir¢ desperate need during the cornlng year. After the
revaluation of the CFB Managed Mixed Fund investment fund, the total of unrestricted funds was £63,389. an increase
of £14,558.
Restricted income received for the Methodtst school in Colon, Panarna, including Income from endowment fund
investments. was £836 an Fncrease on the £303 for the previous year. The annual transfer of funds to the school. usually
made toward5 the end of the Fund's financial year. ha5 been deferred for the time belng- as the school remains closed
and it is Un￿rtain when it will be in a position to re-open.
Investment Policy and Performance
The trust deed gives the trustees discretion to i￿VeSt the trust funds and to use the income arisin& and the proceed5 of a
sale of Investments, for the objects of the charity.
66% of FHN'S unrestricted funds, together with the assets of the G. E. Wllson 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 CF8 Managed Mixed Fund, in order to achieve a higher return than Is generally avallable on the Fund's
Short term deposits. These investment5 are held by The Trustees for Methodist Church Purp05e5, who att as custodian
trustees for FHN.
CF8 alms to provlde 2 high quallty invèstment service seekFn8 above average returns, to lollow a discipline In which the
ethical dimensioll is an integral part of all investment decision5, and to construct investment portfolios consistent with
the moral stance and teachingg of the Christian faith.
A revaluation of the Fund's investments at 31st August 2024 showed a net unrealised increase of £3,456, representing
an increase of 5% in the value of units in the CFB Mèt)aged Fixed Interest Fund and an Increase of 7% in the value of the
CFB Managed Mixed Fund units. The income distributions for the year. based on the 31st August 2023 valuations of the
units, represented yields of 4.33% on the Managed Fixed Interest FL*nd units and of 3.03% 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
procedvres have been established to manage those risks. In particular, it is recognised that as a small organisation FHN
does not have the resources to monitor the use of grants On￿ they have been made. The Majority of payments are,
however. made through othèr agen¢ies and FHN asks for written confirmation that they will be used for the purposes
tor w17ich they have been made.
Reserves Pollcv
The Fund's reserves policy has bèen reviewed by the trustees, having regard in particular to Un￿rtaIntieS in relation to
future levels of income from donations, includlng the impact of a105s of the small number of donors who contribute a
signific3Trt proportion of the Fund's income, to the low returns It is currently receiving on its inve5trnents, and to the
numbers of grant applications, which have increased significantly in recent years.
The trustees have approved a policy to maintsin reserves in unrestricted funds, as cash and investments, equivalènt to
6 months of unrestritted expenditure. The balance of frèe reserves in unrèstricted fu¢7ds at 315t August 2024 was
£63,388.63, which represented 8.5 months of the past year's Èxpenditure.
Plans for the Future
Last yea￿5 Report spoke of FHN seeking ways to meet the cost of the employment of our part-time
fundraiserladministrator and the essential expenses incurred so that donations to the Fund could be used entirely "to
relieve and remove hunger and poverty." We are now able to say that progress has been made and that it is hoped
and intended that from the beginning of FHN'S 2025-2026 ffinancial year onwards. all the running costs of the charity
will be covered by grants from a charitsble foundation administered by the family of one of FHN'S Current trsjstees,
This means that trom that time onwards FHN will aim to apply ICLN of all funds raised from individuals. churches and
other fundroi5ing to the provlslon of relief payments for people who are destitute and most in need.
Meanwhile, it is our aim that the increase in funds at the end of August 2024 will be available to support more peoplè
in need in 202&2025 Isee Financial R￿lÉW, abovel and that this will mark thè beginning of a stgnificant development
in the level of our response to assist people in most urgent need across the UK.
We aregrateful to those who represent FHN as'FFiends' at local church and area level and we will continue to develop
this link as a means of communication to Cover all regions of the UK where possible.
Stwcture, Governance and Management
The Fund for Human Need Is a registered d)arlty. number 208866, and is constituted under a trust deèd dated 17th
February 1960.
The charity is admlni5tered by a board of trustees. which meets for the Annual General Meeting and additionally as
the need arises. When vacancies occur, new trustees are appointed by the exlsting trustees. The trusteès may by
resolution delegate thelr powers to agents or to one or rnore of thernselves and from tirne to time revoke such
delegation.
FHN'S day to day business 15 administerèd by its officers In a voluntary capacity, supported by a part-time
administrator. Two trustees, usually being the Grants Officer ènd thè Chair, meet monthly to assess grant applications
and agree to whom these emergency rellef payments should be awarded and the amount of e8¢h payment. Together
with a financial report, a list of grants paid is made avallable to the trustèes each month, and a150 submitted to the full
trustee￿ mèetiwtg for retrospective approval.
FHN'S bankers are authorised to honour payment instructions which have been signed by any two of the trustees
named on the bank Mandate.
Page 6 of 16

Reference and Admlnlstrntfve Infonnatlon
Fund for Human Need: Registèred Charity Number,. 208866
Prlnclpal offlce: 6 Newlands Road, Darlington, Co. Durham, DL3 9JL
Trustees
Rev Roger Cresswell, Chair
Rev Dr David Palmer, Secretary
Mr Noel Schorah Treasurer
Mrs Karen Drayton, Grants Officer
Rev Rosemary Fletcher
Rev Gillian Hulme
MrAndrew Kemp
Rev Robert Maginlev
Custodlan Trust•tt: The Trustees for Methodist Church Purposes
Trustees, Responsibllltles in relation to the Accounts
The trustees are responsible for preparing a trustees, annual report and financial statements in a¢¢ordano with
8pplicable law and United Kingdom Accounting Stsndard5 (United Kingdom Gonerally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires thè charity trustees to prepare financial statement5 for
each year which give a true and fair view of the state of affair5 of the chèrity and of the incoming resources and
application of resource5 of the charity for that period. In preparing the financial statements the trustèe5 are required
to..
select suitable accounting policies and then apply them consistently,.
observe the methods aTrd principles in the applicable Charities SORP,.
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed. subject to any material departures disclosed
and explained in the financial statements,.
prepare the financial statements on the going concern basis unless it is inapproprtate to assume thzt the chzrity
will continue in business.
The trustee5 are responsible for keeping proper ac¢ounting records that disclose with rèasonable accuracy at any time
the financial pogltion of the chaTlty and enable thern to ensure that the financial ststements comply with the Charities
Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provlsions of the trust deed. They are
also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and
detection of fraud and other irregularities.
The trustees are responslble for the maintenance and integrlty of the charity and financial information on the charlty's
website in accordance with leglslation in the United Kingdom governing the preparation aF)d dissemination of flnancial
statements.
Approved by the trustees on 20th November 2024 and signed on their behalf by-
Roger Cresswell
Chair of Trustees
Page 7 of 16

FUND FOR HUMAN NEED
Independent Exarnlnerfs Report to the Trustees of the Fund for Human Need
I report on the accounts of the Fund for the year ended 31st August 2024 set out on pages 9- 16.
Respertlve responslbllltles of trustees and examiner
The charitys trustees arè responsible for the preparation of the accounts. The charitys trustees consider that an audit
is not required for this yezr under section 144 of the Charities Act 2011 (the CharitIè5 Act) and that an Independent
examination is needed.
It is my responsibility to..
examine the accounts under section 145 of the Charities Act,.
to follow the procedures laid down in the gèneral Directions given by the Charty Commission (under section
14515llbl of the Charities Act); and
to statè whether particular matters have Come to my attentlon.
Basts of independent examinef s ststement
My examination was carried out in accordance with general Directions given by the Charity Commission. An
examination indudes a review of the accounting records kept by the charity and a comparison of the accounts
presented with those records. It also includes consideration of any unusual items or disclosures in the accounts. and
seeking explanations from the trustees concerning any such matter& 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 accoursts
present a "true and fai￿ view and the report is limited to those matters set out in the ststernent below.
Independent examinerfs statement
In connection wlth my exarnination, no matter has come to rny attention..
111 which gives me reasonable cause to believe that, in any material respect, the requirements..
to keep accounting records In accordance with section 130 of the Charities Art,. and
to prepare accounts which accord with the accounting records and comply with the accounting requirements of
the Charities Act have not been met- or
121 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the ac¢ounts to
be reached.
Roger Pipe
6 Yew Tree Park
Whitley
Goole DN14 ONZ
20th November 2024
Page 8 of 16

FUND FOR HUMAN NEED
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31st AUGUST 2024
Note Unre51rtcted
Restrlcted Endt>wme
Total
Total
Funds
Fund5
Fund
Fund5
Fund$
2024
2023
Income from".
Donations
99,381
99,381
80,646
Le8a¢ie5
Investments
1,678
836
2.514
1.807
Grants Recefved
Total Income
101,059
836
101.895
82,453
Expenditure on-
Ra15ing fvnds
8,560
8,S60
9,851
Charitable Jrtivities
Grants paid
Grant making costs
Governènce costs
617
72,050
72,050
8,183
73.070
8,183
256
7,796
256
481
Tot81 expénditure
89,049
89,049
91,198
Net incomellexpenditurel before investment
gains/llossesl
12,010
836
12,846
18,7451
Net galnslllossesl OTh investments
2,548
908
3,456
13,1581
Net Incomellexpenditure)
14.558
836
16.302
111.9031
Reconciliation of Funds:
Total fund5 brought forward
48,831
1,858
19,337
70,026
81,929
Transfer of balance brou8ht forward
Total funds carrled forward
63,389
2,694
20,245
86.328
70,026
The notes on pages 11- 16 form part of these accounts.
Page 9 of 16

FUND FOR HUMAN NEED
BALANCE SHEET
AS AT 31st AUGUSf 2024
2024
2023
Flxed Assets:
Investrnents..
Endowment fund
li
20,245
19,338
Tot41 Flxed A5S•ts
20.245
19.338
Current Assets:
Debtors
12
5,097
4,119
2,757
9,454
34,358
Short term depO￿ts
Cash at bank
15
10,548
13,532
36,906
Investments..
Unrestrfcted funds
li
Total Cwrènt A558ts
66,083
86,328
Total Net Assets
70.026
Funds of the Charity:
Endowment fund
14
20,245
2,694
19,338
1,857
48,831
70,026
Restricted income funds
Vnrestricted funds
15
63,389
Total Funds
86,328
The notes on pages 11- 16 form part of these accounts.
AppTDved bythe tTUStè25 on 20th November 2024
and slgned on their behalf by..
Roger Cresswell
Chairof Trustees
Page 10 of 16

FUND FOR HUMAN NEED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31stAUGUST 2024
l. A¢countln8 Polides
a) Basis of preparétlon
These 4ccounts have been p￿pared under the historlcal cost convention. with Iterns recognised at cost or transaction
value unless otherwise ststed in the relevant notss to these aecounts.
The accounts have been prepared in accordonce with the Statement of Recommended Practice- Accountin8 and
Reporting by Charities preparing thelr accounts in accordan¢e with the Flnancial Reporting Standard applicable In the
United Kingdom and Republic of Ireland IFRS 10211ssued 16, July 2014, and with the Financlal Reporting Standard
applicable in the United Kingdom and Republlc of Ireland IFRS 1021, and with the Charities Act 2011.
The Fund constltutes a public benefit entity a5 defined by FRS 102.
IJ) Income
lTrcome from donations is recogtFlsed when re￿Ived.
Income from Gift Aid claims is included in the same period as the donations to which they relate.
Income from legacies and from 8rants Is recognlsed when entitlement has been conflrmed. the amount can be
quantified accuratèly and receipt is probable.
Investment income, repre5entlng dlstributions from the Centr41 Finance board of the Methodlst Church, 15 accounted
lor on an accruals basls.
c) Expenditure
All expendlture Is accounted foron an accruals basis.
Grants becorne payable when approved by two trustees. usually at a monthly meeting of the Grants Officer and the
Chair.
dl Funds
Unrestrictedfvnds are funds which can be used at the dI￿retiOn of the trustees in accordan￿ with the charitable
object5 of thé Fund for Human Need.
Restrictedfunds are funds which rnay only be used for particular restrl¢ted purposes wlthin the oblèrt5 of the charity.
Restrictions arisè when specified by the donoi or when funds are raised for particular restricted purpcse5.
The et)dowmentAund represents the assets of the G.E. Wllson Scholarshlp Fund, which must be held permanently by
the charlty. Income arisln8 frorn the endowment fund must be used for the prDvision of scholarships at the Methodist
Schoul in Colon, Panama. and Is treated as restrirted funds in these actounts.
e) Investment5
Investments are stated at their market value, on a mId-prf￿ basls, as determlned by the Central Finance Board of the
Methodist Church.
fj Gains and losses on investment assets
Realised and unrealised gains and losses on investments are dealt wlth In the Statement of Financlal ACtI￿tieS In the
vear In which they arfse. Realised gains and 105ses on investments are calculated as the difference betr4eèrF sales
PToceeds and their opening carrying value or their purchase tost if acqulred subsequent to the first day of the
financial year. Unrealised gains and los*s are caltulated as the dIfferen￿ between the market value at the year end
and their carrying value.
Page 11 of 16

FUND FOR HUMAN NEED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31st AUGUST 2024
Donations
tlon•ifjons
Tot•1
T4kn1
Received
Glft Ald
2024
2023
Untthrted Funds
fQ,872
2Y.923
1,233
9553
70.225
27,928
1,233
63,393
15,158
Churches
Card Sales
2,095
Totsl unrestrirted donutlLin5
90,028
9,3S3
99,381
80,646
R•strlctsd Funds
Methodist School of Colon,
Panama
Totsl Donations
90,028
9.353
99,381
Investment Income
ToiNI
Tot•l
2024
2023
Unt•s¢ricted Funds
CF8 Investment Fund5 distributioTrs
CFB Deposit Fund interest
1,042
636
1,114
160
1,678
1,274
Resirlctod FurbJ5
CF8 ITTrvestment Funds distributions
836
533
Total Investment Inmme
836
533
Grants Recelved
No grant5 have been received this year.
Fundraising Costs
Total
Total
unrestrfct￿ R•slrfcl?d
2024
2023
Advertising & publlclty
Fundraising consultant's fees &
expenses
Insurance
650
650
996
96
96
96
Printing, post•Ee & stationery
1,527
1,527
1,746
staff costs (Note 101
Travel and subsistence
Cards. Printin8 & Postage
Events
3.374
708
3,374
708
4,288
1,113
20
735
735
1,470
#SE4)
1.470
8,560
1,593
TotAI
9,851
Page 12 of 16

FUND FOR HUMAN NEED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31st AUGUST 2024
6. Summary of Grants Pald
Total
Number of
Totsl
Number tsf
6rnnts
6r4nts
Gr4nts
2023
2023
iknr8$trFcted Funds
Grants to individuals in need
Grants refunded
72P50
672
73,070
679
RestrK*ed Fund5
Totsl Grab￿ Pakl
72,050
672
73,070
679
7. Grants from Unrestricted Funds to Indlvlduals in need
T¢>tsl of
Numb•r of
Grants
Grants
Paid through Institutions-
Gateshead city of sanctuary
Peace of mind
2,99)
2.920
24
24
Sarnosa Sisters
24
8riEht Future
Brit15h Red Cross Leicester
2,630
2,480
2,310
2,220
2,190
2,140
2,OS
24
23
Migrants Organise Ltd
Ethnlt Youth Support Team.
Cross EthTric
21
21
20
Ubuntu Women Shetter
Project 17
Hackney Migrant Centre
Govan Cornmunity Project.
Scottish Refvgee Councll
South London Refugee Association
The Manna Society
Age UK Camden,
Brit15h Crossl young refugee service
Posltively UK
12 institutions paid betsveen E5CK) and £l,ClJO
52 institutions paid less than f5(K)
Paid dlrectlyto individuals
20
16
18
1,980
18
1.410
13
14
1.250
12
1,2CA)
1,0
8,930
9,720
17,860
73,230
li
io
85
91
169
Cheques presented re prior yeargrants written back
Previous yeargrants unused / refunded
Current year grants unused / refunded
5LXI
680
72,050
6n
All grants were received by indiwduals ith the UK. No graTrt exceeded £2(X).
Page 13 of 16

FUND FOR HUMAN NEED
NOTES TO THE ACCOUNT5
FOR THE YEAR ENDED 31st AUGUST 2024
Grant Making Costs
Total
Total
Unr?￿cted Rthictsd
2024
2023
Prtntin& posta8e & stationery
staff casts (Note 101
Sundry expenses
Travel expensos
85
237
7,428
532
7,428
532
6,933
571
138
138
54.8
8,183
Govemante Costs
Totsl
Tot•1
Unr•#rlrted
R8stritt•d
2024
2023
Custodlan Trustee¥ admlnistration charge
Bank charyes
Trustees, travel eKpersses (Note 161
Other costs
153
153
179
61
61
157
iii
35
35
35
256
10. stsff co￿$
2024
2025
Salary
National Insurance
lo,￿2
199
11,221
10,801
11.221
Staff costs are In rÈspect of a part-tlrne ￿Ministrator, and have been 411ocated be￿een fundraislng and grant maklng costs
ba*d on daily timesheèts. No pension costs have been incurred.
11. Long Term Investment Funds
M0￿ment In CFB Inv•s¢m•nts
Carrying value at 1st September 2023
Sale of units
Unr•strlrt•d ErKlownTr•nt
2024
2023
34,358
19.338
53.696
62,B52
-5.999
13,1571
53,696
Gainlllossl on revaluation of inve5tTnents
Carrylng Value •t 31st Auqu5t 2024
2,548
36,￿6
3,456
57,151
Investments are carried at thelr market value. on 6 rnid-price basls, os determined bythe Central Flnance Board of the
Methodlst Church.
12. Debtors
2024
2023
CFB Investment Funds distributions
459
Gift Aid claim
4,638
3,679
5,097
4119
Page 14 of 16

FUND FOR HUMAN NEED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31st AUGUST 2024
Balance
brovght
Fon¥ard
13.
Movement in Funds
Gains/llos5e51
on knwestments
Balan¢e
carrled
forward
IrKome
ExwdlturÈ
Transfers
Yeartts 31st Augusi 2024
Unie51rirted funds
48,831
101,059
189,0491
2,548
63,389
Re5trfrted funds
MÈthodistSchool of Colon. Panama
Endowment fund
1,858
836
2,694
G.E.Wi150n Scholarship Fund
19,337
908
20,245
Total FL*nds
70,026
101,895
3A56
86,328
Balance
brought
FoNard
Income
Expendtture
G)in￿(lO$se5I
on Ime5tments
Balance
rried
forward
Transfers
Year to 31st Augu512023
Unrèstricted funds
59,762
81,920
191.1981
11,6521
48.831
Restrirted funds
Methodist School of Colon, Panarna
Endowmeni fund
1.324
533
1,858
G.E.Wilwn Scholarship Fund
20,843
11.5051
19.338
Total Funds
81.929
82,453
191,1981
13,1581
70,026
14. Endowment Fund
The G.E. Wilson Scholarship Fund was established in 1970 with discretionary payments re￿iVed from the estate of the late Mr
Charles A. Allen. The capitsl is invested in 11,490 units in the CFB Managed Fixed Interest Fund, issued bythe Centr81 Fillance
8oard of the Methodist Church. The income arSsing from the Fund's investments IS to be used for the provision of scholarships to
children attendin8 the Methodlst School in Colon. Panama.
Page 15 of 16

FUND FOR HUMAN NEED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31st AUGUST 2024
15. Analysis of Net Assets between Funds
unr•strI￿ Re*rlcted Endowment
Total
Funds
FUNIS
Fund
Funds
Inv¢stments
CFB Managed Fi¥ed Interest Fund uDIts
CFB Managed Mixed Fund units
20,245
20.245
36,906
36,906
Current a$59ts
Debtor5
4,896
201
5.097
Short term depi>sits
8,055
2,493
10,548
Cash at bank
13,532
13,532
Net Assets at 315t August 2024
63,389
20.245
86.328
16. Expenses Reimbursed to Trustees
20Z4
2023
Travel to meetings
iii
Number of trustees reimbursed
None of the trustees have been pald any remuneration or feceived any other benefits from an employment
with the Fund or a related entitv.
17. Transartions wlth Twstees and Related Partie5
Other than unconditlonal donations of £5,03512022-23'. £3,945) recèived during the year from trustees, and
£12312022-23.. £3681 received from trustees forthe sale of FHN greeting cards. there have been fto
transattions with trvstees or other related parties.
18. Volunteer Contributions
The Fund is admlnlstered by its trustees in a voluntary capacity. In addition to serving as trustees, thelr
principal eontributions as volunteers are the approval and payment of grants, fundraising, and the
management of the Fund's finances 4nd accounting arran8Èments. The trustees are supported by a paid part-
tlme administrator.
Page 16 of 16