FUND FOR HUMAN NEED Report and Accounts for the year ended 31st August 2025
FUND FOR HUMAN NEED REPORT AND ACCOUNTS FOR THE YEAR ENDED 31st AUGUST 2025 Contenis Page Legal & Admlnlstrative Informatlon Trusteeg Report Independent Examlnerfs Report Statement of Flnan¢i41 Artivities Batance Sheet Notes to the Accounts 4-7 io 11-16
FUND FOR HUMAN NEED LEGAL AND ADMINISTRATIVE INFORMATION Registered Charlty Number Prfnclpal office 208866 6 Newlands Road Darlington Co. Durham DL3 9JL fundhumanneed@gmail.com Webslte www.fundfoThumanneèd,or8.uk Patron The Rt Honorable the Lord Boateng Trustees Rev Roger Cresswell Rev Dr David Palmer MrAndrew Kemp Mrs Karen Drayton Mr Noel Sthorah Rev Rosemary Fletchèr Rev Gillian Hulme Chair Secretsry until 3 Feb 2025 Secretary from 3 Feb 2025 Grants Officer Treasurer Grants Officer Rev Robert Maginley Mrs Janice Gowlett Custodlan Trustees The Trustèès for Methodist Church Purposes Central Buildings, Oldham Street, Mand)ester Ml IJQ Bankers Co-operative Bank P.0. Box 250, Delf House, Southway, Skelmersdale WN8 6wr HSBC Bank Plc. 333 Vauxhall Bridge Road, London SWIV IEJ Independent Examiner Mr Richard Bowman 5 Greenways, Coventry CV4 9XP Page 3 of 16
FUND FOR HUMAN NEED TRUSTEES, REPORT FOR THE YEAR ENDED 31stAUGusf 2025 The trustees present their Report and Accounts for the year ended 31st August 2025. The accounts have been prepared in accordaTrce with the accounting policies set out In note I to the accounts and comply with the charitls 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. Objettives and Attivities 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 rernove hunger and poverty in all parts of the world without regard for politic5, race, colour or creed. FHN'S funds are applied by the trustees in accordan with these objectives. The trustees confirm that they have referred to the Charity Commission's guidance on public benefit when reviewing the Fund'5 aims and objectives, in planning future activities, and setting the grant making policy for the yeaT. The Fund furthers its charitable purposes for the public benefit through its grant making policy, to relieve hunger and poverty in the UK by utilising its unrestrirted funds for making grants not exceeding £200 to refugees, asylum seekers and the homeless, and to individuals in other forms of personal dlstress. In making these emergency relief payrnents from unrestricted 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 bènefits at all, to those who are particularly vulnerable, and to those where a sm811 payment will make a major differencè. Although some of these grants are paid direct to individual beneficiaries, or to another person norninated by the beneficiary if the beneficiary does not have a bank account, the majority are paid through other charities and Institutions. Thè trustees also administer the assets of the G.E. Wilson Scholarship Fund for the benefit of the Methodist School at Colon in Panama. The capStal 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 pupi15 and assisting those vA)o have difficulty meeting the full fees. Achievements and Perforniance The trustees, aware of the pressure on personal and church finances, wish to thank all who have made donations to the Fund during the past year. We are grateftsl to those who have given re8tslarly, many by Standing order, and also to those who have made special gift5 or undertaken fundraising events. Although there ha5 been a decrease in income on the amount received in 2023-24, the total of our payments to people in need has actually increased to the highest level in the Fund's 65 vears, existehce. Two-third5 of the applrcations to the Fund have been made by charities, local churches, other denominations, National Health trusts, local authorities and agencies acting on behalf of their clients, thè other third have come from individuals. Each request is exarnined carefully, priority being given to the most vulnerable. During the year under revlew two important developments have tsken place. The first beÉTrg the very generous offer of the Cupalt Foundation to make a grant to cover the fundraisin8J grantmaking and governance costs and the employment of our part-time adminstrator. This means that from September 2025 every pound donated to FHN bv our supporters will be used to fflake payments to the desperate people we seek to help. The second is the step we have taken to apply to, and be accepted by, Churches Together rn England as a member of its Charities and Networks in Association and Churches Together in Britain and Ireland Bodies in Association. This will enable FHN to look beyond its historical support from the Methodist Church to new sources of income and, at the same time, to broaden awareness of our work. Page 4 of 16
We have continued to promote the work of FHN through the newsletter which is sent online or in printed format three times a year to 5UPPOrters. This gives u5 an opportunity to express our thanks to those who give so generously and to share storie5 of some of those helped by the payments made. In addition our Administrator/Fundraiser, assisted by trustees, attend national and local church and other events such as the Methodist Conference and Greenbelt to promote the work of the Fund. Thèy and, in some distrlcts, 'Friends' of FHN welcome Érivitations to speak about the difference our trrants rnake. "where a little means a lot Flnancial Review The year under review saw an decrease in unrestricted income from £101,059 to £93,713. The donations from Individuals, including Gift Aid, decreased from £70,225 to £61,079, and the donations received from churches increased from £27,923 to £30.224. The average donation from churches was £322 and for individuals the avera£e was £50 before Gift Aid, although many of these are regular monthly gifts by standing order - for which we are very grateful. Donations received via CAF totalled £2215, Give As You Live totalled £3,359 and £1,964 was received through Just Giving. 776 grants were made to individuals in need, totalling £79,331 compared with 672 grants totalling £72,050 in the prevlous year. The average grant value dropped slightly to £102, compared to £108 in the previous year. Fundraising expenditure, of £10,151, was an increase on the previous year's total of £8,560. Fundraising and administration expenditure totalled £19,410 an increase of £2,411 from the previous year and amounted to 21% of the year's unrestricted income Ipfior year was 18%). For the Unrestricted Funds.. expenditure exceeded Income by £5,029- due to a decision to reduce the level of reserves which allowed us to allocate more grants and hence to support rnore people In desperate need during the year. After the revaluation of the CFB Managed Mixed Fund investment fund, the total of unrestricted funds was £58,429, a dècrease of £4,960. Restrirted income received for the Methodist school in Colon, Panama. including income from endowment fund investment5, wa5 £703 a decrease on the £836 for the previous year. Thè annual transfer of funds to thè School, usually made towards the end of the Fund's financial yeaT, has been deferred for the time being - as the school rernains closed and it is uncertain when It will be in a position to r&open. Investment Pollcy aftd Perfomiance The trust deed gives the trustees discretion to invest the trust funds and to use the income arisinL and the proceeds of a sale of Investments, for the objects of the charity. 70% of FHN'S unrèstricted funds. together with the assets of the G. E. Wilson Scholarship Fund, are held in units of two of the investment funds of the Central Flnance Board of the Methodist Church ICFBI, in order to achieve a highef return than is generally available on the Fund's short térrn deposits. These inve5trnents are held by Thè Trustees for Methodist Church Purposes. who art as custodlan trustees for FHN. These are the CFB Managed Fixed Interest Fund (which holds the Endowment Fund) and the CFB Managed Mixed Fund (used for the Unrestricted Funds). CFB aims to provide a high quality invèstment service seeking above average returns, to follow a discipline in which the ethical dimension 15 an integral part of all investment decisions, and to construct Investment portfolios consistent with the moral stance and teaGhings of the Christian faith. A revaluation of the Funds investments at 31st August 2025 showed a net unrealised de¢rease of £391, representing a decrease of 2.3% in the value of units In the CFB Managed Fixed IntÈrÈst Fund and a vèry srnall increase of 0.2% in the value of the CFB Managed Mixed Fund unit5. The income distributions for the year, based on the 31st August 2024 valuations of the units, represented yields Of 3.47% on the Managed Fixed Interest Fund units and of 2.16% 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 trustee5, have been reviewed, and systems or procedures have been established to manage those rlsks. In particular. it is recognised that as a small organisatÉon FHN does not h4ve 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 confirmation that they wlll be used for the purposes for which they have been madé. ReseNes Policy The Fund'5 reserves poliLy has been reviewed by the trustees, having regard in partlcular to uncertainties ir¢ relation to fvture levels of Income from donations, including the impact of a loss of the small number of donors who contribute significant proportion of thè Fund'5 income, to the low retvrns it is currently re1VIng on its investmÈnts, and to the numbers of grant applications, which have in£reased significantly in recent year& The trustees have approved a policy to maintain reserves irt UnstrICted funds, as cash and investments, equivalent to G months tsf unrestricted expenditure. The balance of free reserves in unrestricted funds at 3tst August 2025 was £58,429, which represented 7.1 months of the past year's expenditure. Plans for the Future Although the Fund began through the concern of a group of Methodist people in 1960"to relSeve and remove hunger and poverty.. without règard for politics. race, colour or creed,, it is clear that that objective is still far from being realised. We are well aware of the fact that within our sotiety today are many who, for a varièty of reasons. are in genuine need. We believe it is our Chrlstian responsibility and privilege to do what we are able without regard for a person's background or circumstances. As we look to the future, with the funding of our administration costs assured, the trustees anticipate that they will be in a position to increase both the amount of individual grant payments and the number that we can give. We will continue to seek ways to raise awareness of the Fund so that rnore people In need know they can apply for a one-off payment and, also, as a mean5 of more fvndraisir¢g. Structure, Govemance and Management The Fund for Human Need 15 a registered charity, number 208866, and is constituted under a trust deed dated 17th February 1960. The charity is admln15tered by a board of trustees. which meets for the Annual General Meeting and additionally as the need arise5. When vacancies occur. new trustees are appointed by the existing trustee5. The trustees may by resolution delegate their powers to agents or to one or more of themselves and from time to tlme revoke Such delegation. FHN'S day to day business 15 administèred by its officers in a voluntary capacity, supported by a part-time administrator. Two trustees, usually bein8 the Grants Officer and the Chair, meet monthly to assess grant applications and agree to whorn these emergency relief payments should be awarded and the amount of each payment. Togethèr with a financial report, a list of 8rants paid is made available to the trustees each month, and also submltted to the full trustees, meeting for ietrospective approval. FHN'S bankers 4re authorised to honour payment instrurtions which have been sjgned by any two of the trustees named on the bank mandate. Page 6 of 16
Reference and Admlntstratlve Informatlon Fund for Human Need: Registèrèd Charity Number.. 208866 Prfncipal Offe. 6 Newlands Road, Darlin¥ton, Co. D¢JrhaEn, DL3 9JL Truste Rev Roger Cresswell, Chair Mr Andrew Kemp. Secrètary Mr Noel Schorah, Treasurer Mrs Karen Drayton, Grants Offi¢er Rev Rosemary Fletcher Rev Gillian Hulme Rev Robert Maginley Mrs lanice Gowlett Custodian Trustees: The Trustees for Methodist Churth Purposes Trustee< Responslblllties in relatlon to the Accounts The trustees are responsible for preparing a trustees, annual report and financial statements in accordan with applicable law and United Kingdom Accounting Stsndards (Unlted Kingdom Generally Accepted Accounting Practice). The law applicable to charitiès in England and Wales requires the charity trustees to prèpare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resourcès and application of sOurceS of the charity for that period. In preparing the financial statemènts the trustees are required to.. selert suitable actounting policies and then apply them consistently- observe the methods and principle5 in the applicable Charities SORP,. make judgements and estimates that are reasonable and prudent. state whether applicable acco¢Jntlng standards have been followed, subject to any material departures disc105ed and explained in the financial statements,- prepare the financial ststements on the going concern basis unless it is inappropriate to assume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that distlose with reasonable accuracy at any tirne the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable CharitTres (Accounts and Reports) Regulations. and the provisions of the trust deed. They are a150 responslble for saf@guarding the assets of the charity and taking reasonable stèps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenancè and integrity of the charity and financial information on the charitvs website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statemen Approved by the trustee5 on 19th November 2025 and signed on their behalf bv.. Roger Cresswell Chèir of Trustees Page 7 of 16
FUND FOR HUMAN NEED Independent Examlnerfs Report to the Trustees olthe Fund for Huthan Need I report on the aG¢ounts of the Fund for the year ended 3tst August2025 set out on page5 9- 16. Resp¢¢tive responslbilitie5 of trusteps and examlner The chariws trrÈste8s are re5ponsibte for the preparatlon of thE accounts. charit5 tfustees consiLler that an audit Is. not required for this year under 5¢CtltiD 144 of the Charities Art 2011 (tho Charities Act) and that in indepetident examlnatloh15 neede4g. It is tny responsibility ta.. examlne thé accounts under sectlon"145 of thè Charlties Art,. to follow the procedures laid down in the general Directions glven by the Charlty Commlsslon (under. section 14515llbl olthe Charltles Act).. and to state whether particular"matters have come to.my attentlon. Ba515 of IndependBnt examinerfs statement My examlnatiDf4 was carried nut In 3¢cordante with gèner81 Direth'ons given by the Ch¥lty £o¥nmlssion. An examinatlon Include5 a wiew of the ac£ountlne reGord& kept by the charity and a cornparison of the accounts presented wlth those records. It also Trncludes ¢onslderatlon of any unusual Item5 or distlosvres In the accouTrts, and seeking explanatior15 frorn the trustees conceming any such matters. The procedures underEaken do not priwide all the evidence that would be required In an avdit, and consequently no oplnion is given as to whethgr the accounts present a'truè awid fair" vlew andthe port Is limlted to those matters set out in tho statemeknt below. Independertt examlnerfs ststemEnt In connectl'on wlth my.examinati<)n, matter ha5.rome tD my attentlon.. 11} which give5 ine reasonable cause to believe that. In any material respect, the requlrèments- to k'eep accountlNg records in accordance witlf section 130 of the Cfr'arltiès ACL. and "to prepare ac¢ounts which accord wth the accounting rpcords and comply with the accounting requirements of "the Charftles Art have not bèen. nt,. or .1.21 to which, In my oplftlon, attend0 should be drawn in order.to ellhble a proper understanding.of the acccunts to be rea¢he ,.lJ A- Rlchard Bowman 5.Greenways C¢)VÈThtry CV4 9XP 19th November ZU25
FUND FOR HUMAN NEED STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31stAUGusf 2025
te Unre$trftt•d R•strkt•d Endowrn•rrt Tot Totsl Fund5 Fundi Fund Funds Fund5 2025 20Z4 Income from: Donations 92.324 92.324 99A81 Le8acie5 Inve5trnents 1,389 703 2,093 2.514 Grant5 RÉ¢?Ived Totsl income 93.713 703 94A17 IOIW5 Expenditure on: R•151n8fvnd$ 10.151 10,151 8.560 Charrtabl• artlvltles Grants paid Grant makln8 Costs Governan COSt5 617 79.331 79.331 72.050 8.183 256 8,936 324 8,936 324 Totsl expenditure 98,741 98.741 89,049 Net incorne/lexpenditurg1 before Investmerrt gains/llossesl -5,028 703 4,325 12.846 Netgair&/llos5esl on investm•nts 13 68 459 -391 3A56 Net incomel(expenditure) 4.960 703 459 4.716 Reconciliation of Funds: Ttstsi funds brought forward 2,694 2CI,245 86.328 70A126 Transfer of baP8nc• brou8ht fo*ward Total fund5 carrled forward S8,429 3.397 19,786 81.612 86,328 The notes on pages 11- 16 fomi part ofthese accoutts. Page 9 of 16
FUND FOR HUMAN NEED BALANCE SHEEr AS AT 31st AUGUST 2025 Flxed Assets: Investments.. Endowment fuTrd 19,786 20,24S Totsl Flxed A5¥ets Cuirent Assets: Debtors 12 5,373 9,221 5,097 10.548 Short temi deposits Cash at bank 15 10,259 13,532 36, InvÉstments'. Unrestricted funds li 36.974 Total Currènt Assets 61,827 81,612 T¢)tal Net Assets 84328 Funds of the Charity: EndowmÈntfund 14 19.786 20.245 Restricted Income funds 3,397 2,694 Unrestrltted funds 15 58,429 63,389 Total Funds 81.612 86,328 The notes on pa885 11- 16 fomi part of these accounts. Approved by the trustee5 on 19th November 2025 and signed on their behaff by.. Roger Cresywell Chalr of Trustees Page 10 0* 16
FUND FOR HUMAN NEED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31stAUGU5f 2025 l. A¢countlng Pollcles al Bas1$ of preparation These accounts have been prepared underthe hlstorlcal ¢ost convention, wllh items recognised at cost or transa¢tion value unless otherwise stated in the relevant notes to these accounts. The accounts ha been prepared in accordance with the Statement of Recommended Practice.. Accountin8 and Reporting by Charftles preparing thelr accounts in accordance with the Flnancial Reporting Standard appllcable in the United Klngdom and Republic of Ireland IFRS 1021 issued On 16 July 2014, and with the Finanual Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, and with the Charities Act 2011. The Fund ¢on5titutes a public benefit entlty as deflaed by FRS 102. bl Income Income from donaUon5 Is recognlsed when received. Income from Glft Ald clairns is included In the same period as the donations to which they relate. Income from legacle5 and from grants is recognised when entltlement has been tonfirmed. the amount can be quantified accurately and rece5pt Is probable. Investment income, repsentIng distributlon5 from the Centrnl Finance Board of the Methodlst Church. 15 accounted for on an accruals basis. c) Expendtture All expendlture is accountéd for on an actruals basls. Grants become payable when approved by two trustees, usually at a rnonthly meetin8 of the Grants Officer and the Chair. dl ndS nStctedfvnd5 are funds which can be used at the diseretlon of the trustees In accordance with the charltable objects of the Fund for Human Need. Restrictedfvntls are funds which may only be used for particular restricted purposes within the objects of the charlty- Restrictlons arise when specified by the donor or wherl funds are ralsed for particular restricted purposes. The EndowmentAund represents the assets of the G.E. Wilson Scholèrship Fund, which must be held permanently bv the charity. Income arislng from the Endowment fvnd must be used for the prtsvlsion of scholarships at the Methodlst School in Colon, Panama, and is treatsd as restricted funds in these accounts. el Investments Investments are stlted at their market value, on a rnld-prlcts basls. as determined by the Central Finance Board of the Methodist Church. fj Galns end losses on investmènt assets Realised and unrealised Ealns and losses on investments are dealt wlth in the Statement of FINanci?l ActivIties in the vear in which they arise. Realised 88ins and losses on investments are calculated a5 the dIfferen between sales proeéeds and their openin8 carrylng value or their purch45e cost If 4cquired subsequent to the tlrst day of the financial year. Unrealised g?ins and losses are calculated a5 the difference betrleen the market value at thè year end and their earrying value. Pa8e 11 of 16
FUND FOR HUMAN NEED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st AUGUST 2025 Donations Tial Total Recel¥•d 6fftAld 2025 Unrestrktsd Funds 51,781 30.224 1,020 9,298 61,079 30,224 1.020 70,225 27,923 1,233 Churches Card Sales Total rStrICted don•iion5 83.QZ6 92 92.324 99.381 Methodist School of Colon. Panama Totsl Don•tkML5 83.026 9,298 9Z.324 99,381 Investment Income rotal Total 2025 2024 lthreStrItt Funds CFB Investrnent Funds distributions CFe Deposlt Fund interest 1.042 636 594 1.678 lIrIcE Fund5 CFB Inve5trnent Funds dlstributicns Tot•1 Investment h)¢om• 703 836 703 836 Grants Receiv No grants have been received this year. Fundrnlslng Costs rotai Totsl Untsstrkted R•strl¢ttd 2025 2024 Advertlslng & publicity Fundraising consultanys fees & expenses Insurance 650 650 650 Printin& postage & statlonèry st4ff costs (Note 101 Tr4vel and subsistence 1,772 1,772 1,527 3,859 898 3,859 3,374 898 Cards- Printlng & Postage Events 69 69 735 2.9 1.470 Webslte & Laptop Totsl 209 209 lo.1 8.560 P38e 12 of 16
FUND FOR HUMAN NEED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st AUGUST 2025 6. Summary of Grants Pald Totsl Numb•r of Totsl Numbtrof Grnnt$ Grarrts fjrant5 Grants 2025 2025 2024 2024 Unrestricted Fund$ Grants to individuals in need 79,760 429 781 72.050 672 Grants refunded Grants paid Tot•1 Gr•nts Pald 79.331 776 7U150 672 7, Grants from Unrestritted Funds to Individuals In need Totsl of of Grants fjrjnts Pald through Institutlons- Peace of mlnd 24 Gateshead city of sanrtuary Cross Ethntc 24 2.720 2,720 2,620 2,450 2,340 2,270 2,09) 1.920 24 Samosa Sisters 24 Bright Future Migrants Organise Ltd 8rltish Red Cross LeISter Ethnic Youth Support Team, Govan Community Prolect. Ubuntu Women Shelter 24 22 22 21 19 18 Hackney Migrant Centre Projert 17 Scottish Refugee Council British Red Crossl young refugee setvlce South London Refu8ee Association Coventry Refugee and Migrant Centre 18 institution$ paid between £5fX) and £l,OC 52 Institutions pald le55 than £5CO 1.850 1,630 1,620 1,59) 1,470 17 14 15 15 14 12 12,015 11,785 112 iii 21,610 79,760 249 781 Cheques presented re prior year grants wrltten back Previous year 8rant5 unused / fUnded Current year8rants unused / refunded 189 240 79,331 776 All grants were received by indidual$ ig) the UK. No grant exeded E2C(). Page 13 of 16
FUND FOR HUMAN NEED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st AUGusf 2025 Grant Making Costs Tthl Total Unr•strlct•d R•llrthd 2025 2024 Prlntln& postsge & statlonery staff costs (Note 101 Sundry expenses TravÈl expenses 103 103 85 8,203 630 8203 630 7.428 532 138 8.936 8.936 8,18S Governance Costs Total Total 2025 2024 Custodian Trustees. admlnistration charge Bank charg05 Trustee< travel e¥pen5e5 (Note 161 Information Ctrrnmissioner Other costs 186 153 57 57 61 35 35 47 47 35 324 324 256 10. Staff Costs 2025 Salary National Insurance 11,466 596 10,602 199 ,801 staff costs are in respect of a part-time adrninistrator, and have been allocated beeen fundralslng and grant making Costs based on daily timesheets. No pension costs have been Incurred. 11. Long Term Investment Funds Mov•m•rrt In CFB Inv•5tments Carrying value at 1st Septsmber Sale of units Uw4strkted Endowment 2025 2924 36.9 20245 57,151 53,696 Gain}110551 on revaluation of investments Carrylnzvolue at 31st Au¥u5t 68 -459 -391 3,456 57,151 36,974 19,786 56,760 Investments are carrled attheir market value, on a mid-price basls, as determlned by the Centr41 Finan¢e Board of the Methodist Church. 12. Debtors 2025 2024 CFB Investment Funds distributions Gift Aid claim 522 459 4,851 5.373 4,638 5.097 Page 14 of 16
FUND FOR HUMAN NEED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31stAUGusf 2025 Bahnt• browdht 13. Movement Funds fjainslllosse$l on investments Blll•nc• ¢arrlod kncomè Expendlturt Tr•nsfers Yearènded 3tstAU8u 20Z5 Unrestrlcted fun(ts 63,389 93,713 98,741 68 58,429 Restrlrted funds Methodist School of Colon. Panama 703 3,397 Endowmentfund G.E.Wilson Scholarship Fund 20,245 14591 19,786 Totsl Fund5 86,Y28 94AIY 98,741 -391 8L612 Bnlan( brought Bal4nc• carrlgd forward Movement in Funds Incom• Ewndttur• G•in$lllosse$l on I#ents TrAn5fers Year end•d 3tstAu81 2024 Llnr•5tricted fund5 48.831 101.(59 169.0491 2,548 63.389 R¢slrFCted funds Methodist School of Colon, Panama 1.858 836 2,694 Endowmfjnt fund G.E.Wilson Scholarship Fund 19,337 20.245 Total Funds 70,026 101,895 189,0491 3,456 86,328 IQ Endowment Fund The G.E. Wilson Scholarship Fund was established in 1970 with discretlonary payments received from the estate of the late Mr Chirles A. Allen. The capltal 15 invested in I1.4 units in the CFB Man8ged Fixed Interest Fund. issued by the Central Finance Board of the Methodlst Church. The income arlsing from the Fund's investTnents Is to be used for the provision of scholzrships to children attending the Methodist School in Colon, Panama. Page 15 of 16
FUND FOR HUMAN NEED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st AUGUST 2025 15. Analysls of Net Assets between Funds Unrestrlctsd Restrlrfed Endowm¢ Tot•1 Funds Funds Fund Funds Investments CFB Managed Fixed Interest Fund units CFB Managed Mixed Fund units 19,786 19,786 36,974 36,974 rrènt a55ets Debtors 5,126 247 5,373 Short term deposit5 6.070 3.150 9.221 Cash at b8nk 10,259 10.259 Net Assets at 31st August 2025 58,429 397 19.786 Bl,612 16. Expenses Reimbuysed to Trustees 2025 2Q24 Travel to meetings 35 Number of trustees relmbursed None of the trustees have been paid any remuneration or received any other benefits from an employment with the Fund or a related entity. 17. Transartions wlth Trustees and Related Parties Othèr than unconditional donations of £4,245 (prior year.. £5,035) received durlng the year from trustee5. and £%1 Iprfor year.. £1231 received frorn trustee5 for the sale of FHN greeting card5, there have been no transadions with trustees or other related parties. Volunteer Contributions The Fund is adminlstered by It5 trustees voluntary capaelty. In addltlon to serwnB as trustees. their principal contributions as volunteers are the approval and payment of grants, fundraising, and the managernent of the Fund's finantrs arTrd accountlng arrangements. The trvstees are supported by a pald part. tlme administrator. Page 16 of 16