Charity Registration No. 237556 FIRST CHURCH OF CHRIST. SCIENTIST, BOURNEMOUTH FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 arrisons chartered accountants 4 Brac￿eY Close Boumemoulh Inlemational Airport Christchurch t)orset 8H23 6SE FIRST CHURCH OF CHRIST. SCIENTIST, BOURNEMOUTH LEGAL AND ADMINISTRATIVE INFORMATION Trust88s MfAC t*Jits Mis V C Reed Mrs C J Jackson MrsAP Smart MrPHJJaths (Rewgned 20 October 20251 (Resigned 20 O¢tober 2025) (Appointed 20 Odober 20251 Charity nuThber 237556 Principal addross 4 Carbery Row Southboume Roatl Boumemoulh BH6 3QR Indepgndgnt examiner Harrisons Chartered AC(¥￿ntan1S 4 Brackley Close Bcwjmemouth IntemabonalAwpcrft Christchur(* Dotsel BH23 6SE FIRST CHURCH OF CHRIST, SCIENTIST, BOURNEMOUTH CONTENTS Trustees. report Independent examinerfs rewt Statement offinancial aL#iMbes Balance sheet Notes to the finanLaal statements 6-13 Detailed ststhent offinancaal acbthbgs 14- 15 FIRST CHURCH OF CHRIST. SCIENTIST. BOURNEMOUTH TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The trustees present their annual report and financial slatements for the year ended 31 tlecember 2025. The financial statements have been prepared in acE0rdan￿ wth the a(Y4)unting F*Jlic4es sel out in note 1 to the financial staternents and cornply with the chariVs governing dcojment, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement ol Recommended Practice aP￿Icable to chartrtses preparing their accounts in accordance with the Finanaal Reporbng Standard appk'cabje in th8 UK and RapLtblic of Ireland IFRS 102) {effedive 1 January 20191'_ Objectives and activSties The objecl of the charity is to Fffovide a platform wiihin our cijmmunty to discover the teachings of Christian Suence by prov*Jing lor the publK Church Services. a Sunday School. free lectures and a Reading Room. The activities of the churth are guKled by the Manual of Thè Mother Churth bLFi the branth church shall have its ovm fom of govemmenl whi(*) is disb"nW (Jem¢)(xatK. We adhere to the prinryples of equal rights for all. equality of the sexes and rotalron in office. Ils Charity Twstees are the Executrve Board whith ads according lo the instrUct￿nS of the churth membership in quartedy or speual meetings and in accord w¢th the Churth By-Laws. The Executive Board is elected annualty in acccKdance the Church By-Laws. I general expenses of the tharty a￿ usualy met by tt)lleclK)ns 81 Sunday Services. by Gift AKJ donations. leg8cies and interest from investsnents. The trustees believe that the tharity meets the plkn1￿ benefft requirements and have Com￿led wilh the duty in section 4 of the 2011 Ad. Achiev•m•nts and perfonnanc• The main focus of our work for the c4Jmmunty is in giwng spiritual inspiration and SUPFth through our churth serVI￿S and meetings to which all are welc4)me, and in providing a haven of rest in our Reading Rooffl where people may come to leam at*)ut God's care and guidance in their lives. Our church is wèll situated amongst a busy paradè of thps in thè (x)mmunrty. This year we ha￿ continuèd to hold iegular services and meetings in our where everyone is wel(x)me. and have continued lo Iransmrt online via zoorn lo enab￿ people froffl all over lo lune in. A Sunday so*ool for children and teenagers 15 also available in the church building al the same time as the Sunday servicE. are gratefijl lo reach not only our local cOngregat￿n but many others around the country and intemationalty. Our Reading Rooffl has beefi open lo the publ￿ fve days a week either in the morriing or the afternoon_ Church members and wsitors alike have been able to call in lo read. t)orrryw or purchase inspiring books and literature, or to sit and talk to the librarians about any qUest￿n$ or any problems they may have, to seek support and to gain better understanding of God and His love for us all. Even oui k¢¥ely wndow displays have attracled attention from passers-by. Every year we h￿d a chrisb.an Sca"ence I￿re a5 a gth to the thmmunty lo whth 8118re inwled. This year the lecture was held in person and live streamed and ￿Uld be ao2ssed via our website by our membeTS. families. friends and individuals. The lectu￿ was held in a k￿1 communty hall and everyone was welcome. The lecture was WKlely advertised and the INe broa¢J(ast and the subsequent ￿￿x)rdbn9 We￿ enioyed by a large number of people. both here and abroad. Flnanclal rnvl•w The charity made an overall surplus of £30.39512024.' £33.￿). The un¥eslri¢ted fvnds a￿ in sury)lus by £891.W12024." £861.ff27). The geneial lund is available for use * the diSCret￿n of the trustees in fvrtherance of the general obiectNes of the charity. The maionty of the reserves have been invested in income bonds lo be used when apprwiate replacement premises are located. The designated freehold property luTrJ represents unTestrided ftjnds utslised at the di5trekn of the trustees for the purpose of purchasing and improving the freehold propety. Freehokl property purthases and improvements, together with revaluation gains and losses on Ihis property. are retained as part of this fijnd. FIRST CHURCH OF CHRIST, SCIENTIST, BOURNEMOUTH TRUSTEES. REpoirr (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 place lo mffjgale exp0s￿e to Ihe mw rffjks. First Churth of ChrisL SQentss(8wm￿Outh 16 an ¢*gaThisab¢￿ 1916 88 a br*ch of Th8 First Churth of Chrssl, Sc¢&MisL in Boston. M8ssacthusetts, USK k*)ther Church), and is registered wilh the Ctwity ComThMssion as Charity FSJ. 237556. Thg chaiity is govem•d by th& By4av•S of Ihe Churth as 8meitrlwJ ￿ 19 January 2008 and 10 knuary 2015. 1ft￿teas v*kn served dur￿￿ Ihe year and up tr> the dak of¥ignattwe ot Ihe finan(xal Staten￿ *we'. MrA C Ourts {Re8W 20 Ockntsf 2025) MrnVCReed Ifs C J J¥kson Ifs AP Smart Mr P H J Jackson 20 (kn4)or 2025> To facilitate the thibes oflhe Church. otsr d￿CerS a￿1 su￿r￿Tti￿ ¥e atpcAnted by the Treaswer. R.￿.Co￿lr￿ Mrs C J Jackson FIRST CHURCH OF CHRIST. SCIENTIST, BOURNEMOUTH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FIRST CHURCH OF CHRIST. SCIEKfisT, BOURNEMOUTH l ￿port lo the trtjstees M my examinaty￿ of the finanoal statements of First Church of Christ, Sryentrst. Bournemouth (the charity) for the year endwj 31 D*ernber 2025. R•spon*ibilitie¥ ond basig of report A5 tha Itustees ol Ihe charity you a￿ respon$ible tr the prePwati￿l of thè slatefflents in atttrdan wrth the ￿quIrernents of thè Charibes Ad 2011 I report in respect of my èxamifiati￿ of ts dwty's fffianoal staterwts wiled out under $4dion 145 of the Charrties Aet 2011. In carying out my examinalion I haNE fc41tr*ed Ihe t1"r&￿or￿S given by the Charity Commission under section 14515llbl of the chall￿SAct 2011. Ind•ptrndent examlnerfs $tat•m•nt I have wrnpleled my exarnination. l o)nfirn that matters ha4* come to my attenlion in conn0c￿ft with Ihe examinalion gwing me ¢ause to believe Ihat in any m*rial ￿Spe￿.. accounting r8L¥>rds were not kept in resped of the chaiity as requwed by Sèebon 130 of the Charitiès Acl 2011. Ihe financial statements 110 not ac¢ord ihose records: or Ihe finarmial stalements do not amn￿Y wrth the awtsble reQu￿￿￿ts cmcemry the fofft and content of finanaal statem&nt5 set out in Charths IAtrx)unls and Rep￿￿Tr Reguk4titins 2008 olher than any r8quirernent that the fina￿la1 statement5 91￿ a tnJe and fair VitrAf, whith is not a matter tonw¢Jered as part ofan independent èxafflinati￿. I have no con￿r￿S and have come no ot￿r matters in citon with the examination lo which attenth)n should be dr•n in this in cffder to 8natrAe a propeT understandwffj of thtr fmJKaal statement$ to be reach Harrison e￿￿ A¢o)untants 4 8rackley Close Bournemouth Intemat￿l A￿port ChTlStchurth Dorset BH23 6SE Dated.. 11.C.kn FIRST CHURCH OF CHRIST. SCIENTIST, BOURNEMOUTH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 Unrostrict•d R•strlctsd funds fvnds 2025 202S Totsl UnTr$tri¢ted Re$tri¢tsd fund$ fund5 2024 2024 Totsl 202S 2024 Notos Income fmm: Donatsons and1gJ3(ues Charitable activiies Investments 14.644 4.779 40.521 2.224 16,868 4,779 40,521 11,172 4,249 2,936 14,108 4,249 40.800 Totsl In¢om• 59,944 2.224 62.168 56.221 2.936 59.157 Expenditure on: Charrtable activitres 29.607 2.1&S 31.773 3,092 25,461 Totsl •xp¢ndltu 29,607 2.1 31.773 22,369 25.461 Nat income and m￿Ment In fund$ 30.337 30.395 33.852 1156) 33.696 Reconciliation of funds: Fund balan￿5 * 1 January 2025 861,627 1.105 862.732 827.775 1,261 829,036 Fund balan￿$ •t 31 De¢ember 2025 891. 1.163 893.127 861.627 1.105 862,732 Thè slalement ol finanu81 aclivtties indudes all gains and losses recognised in the year. All income and expendilu derive from continuing act￿￿es. FIRST CHURCH OF CHRIST. SCIENTIST, BOURNEMOLrrH BALANCE SHEET AS AT 31 DECEAIBER 2025 Flx•d ass•ts Tawble a5S8ts 11 8,459 9.079 Currnnt a•s•ts 12 13 t4 1.513 11.179 852.770 22,748 1,S27 11.105 831,456 12.522 Debtors Investrngnts Cash al bank and in hand 888.210 856.710 15 {3.542) (3.057) 893.127 862,732 Fund• of th• charlty Restricted funds Unrestricled f￿￿JS 16 18 1.163 891.964 1.105 861.627 893,127 862,732 97: G4... 20119 The Ilnanclal ststements were appro¥ed by tr* Trn#ees ￿ ........ .. . .... Mrs V C Reed FIRST CHURCH OF CHRIST, SCIENTIST, BOURNEMOUTH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting policies Charity information The charity is a publi¢ benefft enbty and a ￿gIStered tharrty in England and Wales and is unincorporat8d. The address ofthe principal office is 4 Cathry R(yw. Southt)oume Road, Bournemouth. BH6 3QR. 1.1 Accountlng conv•ntloTr The financial statements ha￿ tjeen prepared in accordance with the charitys goveming dwmenl, the Charities Act 2011 and -AcccyJntiThJ and Reporfing by Charibes" Stslemenl of Re￿)MMended Pfactice applicable to ¢haTib"es preparing thwr aoxK•unts in a(zordance with the Financial Reporting Standard appli(*ble in the UK and Republic of Ireland IFRS 1021 {eflectNe 1 January 2019)". The charty is a PublTrc Benefrt Enlrty as deffir￿d by FRS 102. The charity has taken advantage of the pmMsion$ in tr* SORP tr (*ant*s apkty.ng FRS 102 Upjale Bulletin 1 not to prepa￿ a Statement of Cash Fbws. The fin8nLyal slalemenls are prepared in sterfing. is the fundi￿ CL￿renCY of the charity. Monetsry amounts in these finanaal statements are rcMJnd8d to the nearest £. The finanoal ststemenls been prepared under the histori￿1 cost convenlion. The prinapal acLountin9 polioes adopted are set out beknw. 1.2 Going C{￿¢9M At the time of approving the ffinanaal statements, Ihe trustees have a reasonable expect*"on that the charity has adequate resources to continue in opefatK)nal existen￿ foi tt)e foreseeable future. Thus the trustees continue to adopt the goirvJ L¥)ni*m basis ol a&*ur￿"ft9 ￿ p￿parIng the finanrial stalemenls. 1.3 Charllabh funds Unrestricted fvnds are available for use at tha discfèlh)n of the trustees in fvrtherarKe of their tharitable objectives. Designated futKls arè un￿sIn¢ted funds earmarked by the tTustees for partiwlaf future project or Ix)mmilment. The purposes and uses of the designated fijnds are sel out in the notes to the finanoal slatemenls. Restricled lunds are subj￿( to specTfic ￿111)nS by donors as to they may bg used. The purposes and Uses of the restrio*ed funds are set out in Ihe notes to the financial statements. 1.4 Income Income is recognised when the thanty is legalty enlitled to it after any perfonnance conditions havè been met. Ihe arnounts can be measured reliabty, and it is probable that income will be received. Cash donations are recognised on r8CeiPt. Other donabons a￿ recognised on(* the charity has been nolffied of the donation, unlèss ￿rto￿an￿* Cond￿"0n$ wuire deferral of the amount. Income tax rec4Jverable in rglalion to donations re¢*ived under or deed5 of o)venanl 15 reojgnised at the time of ihe donation. Legaaes afe re¢ognised on ￿￿1pt or othewse rf the ¢*arTty has been notified of an impending distributson. the amount is known, aTrJ re￿Ipl ey￿e￿ed. If the amounl is Tr)t knowTr. the 18gaq is treated a$ a rx)ntingenl asset. FIRST CHURCH OF CHRIST. SCIENTIST, BOURNEMOUTH NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accounllng pollcl88 {Continuodl 1.5 Expendltuyv Expenditure is recognised on an basis as a h"aknlrty is in￿rTed. Expenditure indudes any VAT which cannot be ftjlty reujvered. and 15 da5yfied under headings of the statement of financial actiwties to which it relates." expenditure on charitable activiti&s I￿Ud&S all inujrred by a tharrty in undertaking activrties that lurthèr its (*barrt3ble aims for the benefit of its beneficxaries. induding those support Djsts and ¢o$ls relating lo the govemance of the charity apportioned lo charitable activities. other expendrture indudes all expenditure Ihal is neither related to raisin9 funds for the charity nor part of its expenditure on charitable adivibes. Abl costs are allocatgd to eXpWditu￿ cate￿￿5 relle(*"ng the use of the resou￿. Dired costs attribLrtabk to a Sing￿ activity are allocated dire(#ly to that actmty. Shared c4)sts are apportioned be￿een the actiwties th8y ¢xJnlribute lo on a ￿asOnable. jusbfiabie and oJnsi5tent basis. 1.6 Tangibk fixed assets Tangiblè fixed assets a￿ ￿llIalty measured al wst and sub5equenty measured at cost or valuation, net of dèpreoatson and any impairment bsse5. Depretyation is rec¥)gni5ed so as to wrile off the cost or waluath)n of assets less their residual values over their useful Ir¥es on the lollowing bases.. Freehold buildings Equipment 2% Fer annum 3 years strap3ht line Fwhold is not deweryated. The 98in or loss arising on the disposal of an asset is detemiined as the drfterence bets￿n the sale proceeds and the carying value of the asset, and is recogntsed in thg statement of finanoal a¢ttvilies. 1.7 Impairment of fixed amets Al ea¢h reports.ng end dale. the charity revivws the carying an￿UnIS of its tangible assets to determine whether there is any indication that those assets have suffered an impaim)enl loss. If any such indi¢#lion exists, the recoverable amount of the asset is estimated in ordèr to detèm)Fne the extent of the imp8irmenl kjss lrfany}. 1.8 Stocks Stoc*s are stated at the Icmer of cost and eslimated sellirvj prts1gs$ 0)sts to c¥)mplete 8nd sell. 1.9 Finan¢ial instruments Finanoal liabilrties and equty instruments are dassified ac£ording to the Substan￿ of the contractual arrangements enlefed into. An equty instrument is any contract that evidences a residual interest in the assets of Ihe company after deduc*'ng all of its liabililies. 1.10 Emplo￿ ben¢fft8 The cost of any unused IKJliday entillement is re¢(¥Jnised in the pen(KJ in Wh￿ the employee's semces aTe received. Termination beneffts are rec4Jgnised immedHtety as an expense when the charrty is demonstrably ￿Mmitted to lerminate the employment of an empkjyee or to probide temiInat￿ beneffts. FIRST CHURCH OF CHRIST, SCIENTIST. BOURNEMOUTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Crili¢al a¢¢ounting eslimatss and judgements In the applica￿'on of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions aboul the carrying amount of assets and h'abil￿eS that are not readily apparent from other sources. The estimates and associated assumptions arè based on histowi(31 expersen¢e and olhei faotors that a￿ fxJnsrdere(I to be ￿levant. results may dts these ests"mates. The estsmales and underlying assumptions are reviewed on an onwng basis. Revisions to accounting estimates are recognised in the perttyj in whth the estimate is rèmsed where the revision affects only that peri(Kl, or in Ihe peri(x1 of the wsion future periods Whe￿ the revtsion affe¢ts tx)th current and future penods. Donatlons and legacl•s Unmtricted Ratri¢ted funds 202S Total Unrethded Restiided funds funds 2024 2024 Total 2025 2026 2024 Don81ions and fX*nethn$ Grants Covenants Grft aid income 7.114 2.166 9280 5,0 8,102 2.880 10.982 1.041 2,029 1,041 2,085 14.644 2.224 16.868 11.172 2.936 14.108 In¢ome from ¢haiitsble aclivitses Unrestricted Unrestricted funds funds 2025 2024 sa￿ of goods 4,779 4,249 Incomè from Investments Unrestrictsd Unrestricted funds funds 2025 2024 Othèr income Inte￿st receivable 10,080 30.441 9,￿0 30,840 40,521 40.800 FIRST CHURCH OF CHRIST. SCIENTIST, BOURNEMOUTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Charitible a¢￿vItIeS Chur¢h Reading Totsl Chur¢h 2025 activities 2024 Reading Total 2024 2025 2025 2024 Charitable aclivitses 2.507 8.1n 10.680 2.429 8.137 10,566 Share of supp(¥t ￿7$1$ (see note 71 Share of gOVernar￿ costs (see note n 14,768 4.681 19.449 7.949 13,311 18,919 12.854 31,773 11.962 13.499 25.461 Analysls by fund Unrestricled fvnds Restricted tund$ 18.919 10.688 2.166 29,607 2.166 11,￿2 10.407 3,092 22,369 3,092 18.919 12.854 31.773 11.962 13.499 25,461 7 Support costs Support Gov•rnanc• costs ¢05ts 2025SUpp￿ costs Govemance costs 2024 Church activibes 19.449 19.449 13.311 13,311 Legal and profewonal 19.449 21.093 13,311 14,895 Anatysed bets¥een Chan¢able adivibgs 19.449 21,093 13.311 14,895 Governar￿a costs indudes indgpendgrf examin*ion fees of £1,64412024- £1.584}. Net movement in funds 2025 2024 The net movement in fijnds is sLiled after dwrginty(uediiiThJl.' Fees payable lor the independent eXaMina￿n ofthe chanVs finan(?al statements OepTecialion of owwl tsn9I￿e fixed assets 620 903 FIRST CHURCH OF CHRIST. SCIENTIST, BOURNEMOUTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Trustses None of the Irustees lor arby perscffls connethd with them) received any remuneration or benefits from the charity during the year. 10 Taxation The charity is exempl from taxalim on its adJvrt*s because all its ino)me is applied for Charttsble purposes. 11 Tangible fixed assets Frnohold land Equlwmnt •KI I￿lIdIng5 Tolal Al l January 2025 25,376 2,612 27,988 At 31 December 2025 25,376 2.612 27.988 D¢prn¢lallon and Impolmwnt At 1 January 2025 Depreciation charged in the year 16.917 1.992 620 18.9)9 620 At 31 Dacèmber 2025 16,917 2,612 19.529 Carrying amount At 31 December 2025 8,459 8,459 At 31 December 2024 8,459 620 9,079 12 Stocks 202S 2024 Stock 1.513 1,627 13 Debtors 202S 2024 Other debtors Prepayments antj amed iwx)me 1,876 9,303 2.036 9.(￿9 11,179 11,105 14 Current asset investments 2025 2024 Short lemi dekx)srts 852,770 831,456 10- FIRST CHURCH OF CHRIST, SCIENTIST. BOURNEMOUTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 15 Creditors: amounts falling wlthln y•ar 2025 2024 Accnjals and deferred income 3,542 3,057 16 Restricted funds The restr￿ed funds ol the c*arity c4)mprise the ¥j￿xper￿Ied ball￿ of ¢knnalThs and grants held on trust subject to specAfic 0)ndIt￿n$ by donors as to they may be used. Movement in lun 31 Doc•mbèr 202$ Restricted Fund- ￿￿lMInSter Restricted Fund- ReadiFvJ Room 2.186 P.166) 1.105 1.163 1.105 2,224 12,1661 1,163 Movement in funds BalabKe ai Incomlng Resoure88 Trartsfvrs Balancé at 31 Dqcernbgr 2024 Rèstricted Fund- ￿sIMinster Restrictad Fund- RèadiThJ Room (2.880} {212) 1.261 1.105 1,261 2,936 13,092) 1,105 Weslminsler fund. A restricaed fvnd for the PWKM)se offunding the ReadiNJ Room wages. Reading Room fijnd. A restricled fijnd for the purpose of helwng lo maintsin the Reading Room. FIRST CHURCH OF CHRIST. SCIENTIST, BOURNEMOUTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 17 Analysls ol net assets between funds Unrnstrfctrd Rostrlctod funds funds 2025 2025 Total 2025 At 31 December 2025: Tangible assets Cvrrenl asselslllFabilities} 8,459 884,668 883,505 1.163 891, 1.163 893.127 Unr•strlct•d Restrict funds funds 2024 2024 Tolal 2024 At 31 ￿ember 2024: Tangible assets cu￿ent a55e151lliabil￿"es} 9.079 852.$48 9.079 853.653 1,105 861.627 1,105 862,732 12- FIRST CHURCH OF CHRIST. SCIENTIST, BOURNEMOUTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 18 Unt•strlctsd tsnds The unrestricted funds of the charity comwise the unexpended balances of donatKJns and grants which are not subject to Spear￿ condttrons by thnors and grantors as to hc¥* they may be used. These include dasignated lund$ which have sel asNJe out of unrestrthd funds by Ihe trustees for speak purposes. Movemenl in fund Balan¢• at In¢omlDg Resou￿ Balar￿ at l Januwy r•sourc•s oxpend•d 31 09¢￿b￿r 2025 2025 Designated Fund- Youth FuThJ Designated Fund- Freehdd Propety FL￿d Gener81 Fur 586.018 275.309 586,018 129.607) 305.646 861.627 59.944 129.607) 891.964 lovgment in funds IrKomln9 ResourcoB Balance at 1 January Ipwur￿ expqndBd 31 December 2024 Designated Fund- Youth Fund Designated Furbd- Freehold Property Fund General Fund 300 (284) 586,018 122,288) 275,309 586,302 241,173 ,424 827.775 .424 122.572) 861,627 designated fraehold propety fund represatts unrestricled funds ulilised at the discretion of tho trust88s for the purpose of purchasing and improvHw the freehold prop￿ty. The designated yOLth fuThJ represents unrestrided funds utiliwj at tho disu8tion of Ihe Irustees for thg purpose ot lunding a