F C Charltsble Trust Report and Flnancial Statements For tho year ended 5th Aprll 2026 Reqlstered Charfty No: 277686 HUNTERS LAW LLP 9 New Square Lincoln'5 Inn London WC2A 3QN SEc.WVM.357l
F C CHARITABLE TRUST Contents of the Flnancial Statements For the ye•r ended 5th Aprll 2025 Page Independent examinerfs report Trustees, Report Balance sheet Slatement of Flnancial Actlvtties Donatlon8 Investments Investment Chang85 Note8 to the Accounts 111
Independènt Examlners Report to the Trustees of F C Charitable Trust I report on the accounts of the Trust for the year ended S Aprll 2025 Respectlve r8sponsibilities of trustees and &xamin8r The charity's trustees are responsible for the preparation of the accounts. The charity's trust88s wnsiderthat an audit is not required forlhis year under section 144(2) of the Charrties Act 2011 (tha 2011 Act) and that an indèp&nd?nt examinatlon Is needed. It is my responsibility to: examine the accounts under section 145 of the 2011 Act-, to follow tha procedures laid down in the General Dlrectlons glven by the Charrty Commissionar under section 145(5llb) of the 2011 Act- and to statè whether particular matters have come to my attention. Basis of indgpgnd&nt ex8min&fs rgport My examination wag carried out in accordance wilh the General Dlrection5 glven by tho Charity Commissioner. An examinatlon includes a review of the accountlng reGords kept by the charity and a comparison of the a¢¢ounls prèsented wilh those records. It also includes considerallon of any unusual Items or dtselosure5 In the accounts, and the seeking Of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be requir8d in an audit and. consequently no Opinion is given as lo whelhor the accounts present a 'true and fair Vie and the report is limlted to those matters sat out In tha statement below. Independgnt gxaminerfs statement In connection with my examination, no matter has come to my attention.. which gives me reasonable caus8 to believe that, in any material respect, thè r8quirements'. la) Ib) to ke&p a¢counting records in accordance wlth section 130 of th8 2011 Act,. and lo prepare accounts whieh accord wrth the accounting Tecords and to comply with the accountlng requirements of the 2011 Act hav6 not been met., or to whith, in my opinion, attention should be drawn in order to enable a propor understanding of the accounts to be reached. Colin Rebd FCA Burgess Hodgson LLP Charteted A¢¢ountants 27 New Dover Road Canterbury Kent CT13DN Juty 2025
F C CHARITABLE TRUST Report of the Trustees for the year ended 5th April 2025 The Trustees Present their report and the Financial Statements of the charity for the year ended 5, ApTiI 2025. The Financial Statements comply with the statutory requirements, the governing document and the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) {Charilies SORP {FRS 10211. OBJECTIVES AND ACTIVITIES Objectives and aims The charity's objectives as defined in the goveming document are to pay or apply the income of the Tru51 Fund and may from time lo lime pay or apply Ihe whole or any part or parts of Ihe capital of the Trust Fund for such charitable PUTposes as the Truslees may from time lo lime think fit. prior consideration being given to the advancement of the Christian farth in any part or parts of the wodd to churches, missionary societies, ministers and missionaries 8nd the relief of hardship and deprivation of individuals and communities in any part of the world. The Trustees do not rnake grants to people or organizations who apply speculatively. The charity has a policy of not responding lo any correspondence unless it relates to grants it has agreed lo make or to the general management of the Trust. Publlc benefft The Trustees have referred lo the Charity Commission's general guidance on public benefit when reviewing their aims and objectives and in planning théir future activities, as required under Section 1715) of the Charities Act 2011. ACHIEVEMENTS AND PERFORMANCE Charltable actlvltles During the year the charity provided funding to 11 charitie5, the majority of which are involved in Ihe advancement of the Christian fasth in the UK and throughout the world. The amount donated was 30.200/0 higher than in the previous year. Payments In sUPPOrt of work overseas were made lo charilies registered with the UK Charity Commission. Inveslment pollcy and perfom)ance The charity has no investment properties. Ils funds are held in investments. During the year the charity purchased investments for £49.965 and were gffted investments of £40,124.95. The annual revaluation saw a loss of £29,566. Proceeds from sale of inve5tmen15 were £134,232 and there was a net gain on disposals of £2,336. At the year end investments w8re in the following sectors'.- 2025 2024 13.63. 38.80¥0 45.25°10 2.320 100Yo UK fixed interest UK listed e uitie5 Overseas listed e Cash TOTAL 37.93 /0 uities 1 OOYO FINANCIAL REVIEW Flnancial position The charity's work is reliant on income and inveslment returns. During the year it received investment income of £20,069. This w8s a decrease of 8.40 /0 on the previous
year. The charity's funds decreased by £61,506 from £579,439 to £517,933. The investments decreased in value by £71,372. Investment poll¢y and objectives The Trustees are free lo invest the funds of the charity as they feel is appropriate. The charity has professional investment advisers who manage the charity's inveslmenls on medium high-risk basis with a balanced inveslmenl objective. The trust funds are invested for the long-lemi in a mixture of equities and bond. The investments are reviewed by correspondence al least tsvice a year. Reserv85 poIIcy The Trustees have power under the governing document to apply income and capital for the Trusl's objectives. In Practice the Trustees aim lo distribute the income and to build up the capital content as unrestricted reserves. The reserves at the year-end were £517.933. FUTURE PLANS The charity inlends lo continue its existing work of advancing the Chri5tl8n faith. STRUCTURE GOVERNANCE AND MANAGEMENT The governing document is a Selllement dated 1 st June 1978 made by the Reverend Jonathan Jarnes Molyneux Fletcher. Power of appointing new tnjslees is vested in the Settlor during his lifetime. Any new trustee would be Provided wrth a copy of Ihe charity's governing documents, annual report and finanaal statements for the previous three years and the Charity ComTnission's documents relating to the responsibilities of charity Injslees. The Trustee would explain how the charity Is Tun on a daY-ldaY level and how it Is managed by its Trustees. Rlsk m•n•gement The principal risk fac8d by the Charty lies in the performance of investments. This is mitigated by retaining expert investment managers and having a diversified investment portrolio REFERENCE AND ADMINISTRATIVE OETAILS Reglstered Charlty Number 277686 Prlncipal address clo HunteTS Law LLP, 9 New Square, Lincoln's Inn, London WC2A 3QN Trustees Wilfrid Edward Vernor-miles Richard Mark Blair Wlkinson (Chair of Trustees) Aaron Mark Stead Bankers CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ Sollcitors.. Hunters Law LLP, g New Square. Lincoln's Inn, London WC2A 3QN
Investment Managers Raymond James Investment Service Limited, Stockbrokers of 1 King Wlliam Street, London EC4N 7AF Independent Examlner Colin Reid FCA, Burgess Hodgson LLP, 27 New Dover Road, Canlerbury, Kent CT13DN STATEMENT OF TRUSTEES RESPONSIBILITIES The charity's Truslees are responsible for preparing the Trustees, Annual Report and the Financial Statements in accordan with applicable law and United Kingdom Accounting standards {United Kingdom Generally ACpIed Accounting Practice). The law applicable lo charities in England and Wales requires the charity trustees to prepare Financial Statements for each financial year which give a true and fair view of the st8te of affairs of the charrty and of the incoming resources and application of resources, of the charity for that period. In preparing these financial statements the Trustees are required lo:_ select suitable accounting policies and then apply them consistent observe the method5 and principles in the Charities SORP make judgments and estimates that are reasonable and prudent stale whether applicable accounting standards hgve been followed subject to any material departures disclosed anfj explained in the financial stalemenls prepare the financial statements on the going concern basis unless 11 is inappropriate lo presurne that the charity will continue in business. The Trustees are responsible for keeping accounting records which will disclose with reasonable accuracy at any time the financial position of the charity and enable them lo ensure that the Financial Statements comply wilh the Charities Act 2011 and the Charity (Accounts and Reports) Regulations and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable 5tep5 for the prevention and detection of fraud and other irregularities. Approved by the Trustees on ..... .and signed their behalf
F C CHARITABLE TRUST BALANCE SHEET as at 5th Aprll 2025 2024125 2023124 UNRESTRICTED FUNDS 517.932.73 579,438.70 There are no Restrlcted or Endowment Funds represented by:_ INVESTMENTS al Market Value 494,011.66 565,383.72 CASH CAF Bank Raymond James Hunlers 19,294.86 2,676.21 4,000.00 12,679.65 756.24 4,000.00 DEBTOR Funds due to CAF bank from Raymond James Income due 2,000.00 2,000.00 73.09 CREDITOR Donations Burgess Hodgson Independent Examiners fee for 2024125 (3,000.00> (1,050.00) 14.500.00> 1954.00> 517,932. 579,438.70
F C CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR TO STH APRIL 2025 2024125 2023124 INCOMING RESOURCES CAF Bank interest UK Bank Interest UK Interest UK Dividends Unit Trust Dividends Overseas Dividends 26.96 36.64 4,814.34 8,669.77 22.18 73.09 4,881.95 10,371.63 6,520.97 20,068.68 6.559.80 21,908.65 Donation refund Gifts lo the Shares hari 40,124.95 60,193.63 19 998.29 41,906.94 RESOURCES EXPENDED Direct Charitable Ex endilure 84,871.75 65.185.00 nl nd Administralion E Hunters professional charge5 to 514124 (including £829.80 VAT) 4,978.80 6,720.00 Burgess Hodg50n Independent Examiners fee for 2022123 870.00 Burgess Hodgson Independent Examiners fee for 2023124 954.00 Burgess Hodgson Independent Examiners fee for 2024125 1,050.00 Bank fees 86.00 81.00 Raymond J8mes Administration fees 3,483.63 3,832.13 94,4 .18 77.442.13 THERE ARE NO PUBLICITY OR FUND-RAISING COSTS Net Incomingloutgoing Resources In the year {34,276.55) {35,535.191 GAINILOSS ON INVESTMENTS IN THE YEAR Realised Unrealised 2,336.41 129,565.83) 14,023.861 3,535.22 Total funds brought forward 579.438.70 615,462.53 TOTAL FUNDS CARRIED FORWARD 517.932.73 579 438.70
F C CHARITABLE TRUST DONATIONS made In the year ended 5th April 2026 Cheque 471 472 473 474 475 476 477 478 479 481 482 483 Summerstown Mission Evangelical Church International Presbyierian church South Asian Concern Impact Giving Trust OMF International Impact Giving Trust International Presbyterian church Armenian Ministries Summerslown Mission Evangelical Church South Asian Concern Impact Givlng Trust Impact Giving Trust Lymmington Rushmore {Titus Trust) Union Foundation Impact Giving Trust Impact Giving Trust Summerstown Mission Evangelical Church Impact Giving Trust Impact Giving Trust Impact Giving Trust South Asian Concern Summerstown Mission Evangelical Church Foundation Matters Imp8Ct Giving Trust lrnpact Giving Tnjsl Impact Giving Trusl Impact Giving Trust Maecenas Trust Summerstown Mission Evangelical Church Impact Giving Trust Impact Giving Trust Intercontinental Church Society 2,000.00 2,000.00 2,000.00 4,000.00 2,000.00 4,000.00 1,000.00 2,000.00 2,000.00 2,000.00 4,000.00 4,000.00 634.25 2,237.50 1,500.00 2,000.00 2,000.00 4,000.00 4,000.00 2,000.00 2,000.00 2,000.00 2,000.00 4,000.00 4,000.00 4,500.00 4,000.00 2,000.00 2,000.00 4,000.00 4,000.00 1,000.00 485 486 487 488 489 491 492 495 496 497 498 499 500 501 502 503 504 505
F C CHARITABLE TRUST INVESTMENTS as at 5th April 2025 Market Value Market Value at 514125 at 614124 Income 100,000 Tesco 6.15 % Notes 15111137 accTued interesl UK Companies 4,000 Aviva Ord GBP 0.328947368 5,000 BP Ord US$O.25 600 Diageo Ord 28 1011108 1,200 Glaxosmithkline PIC Ord GBP 0.3125 Haleon PIC Ord GBP 0.01 LondonMetTiC Prop Ord GBP 0.10 National Grid Ord 0.113953p Shell Ord EUR 0.07 SSE Ord 50p 4,814.34 81,480.g5 78,906.46 21,016.00 18,535.00 12,072.00 17,010.00 1.210.20 475.68 732.00 25.305.00 17,097.00 19.554.00 16,295.00 9,000 4,000 1,800 2,100 16,155.00 41,360.00 44.667.00 33.621.00 2,19B.40 2,048.25 1.695.24 41,320.00 60,965.40 44,029.15 Forfrlgn Companies 100 Alphabet Inc Cap USD 0.001 1,543 Australia & NZ Bank Grp NPV 8.000 Australia Foundation Inv NPV 200 Emerson Electric Com USD 0.50 70 Microsoft Corp Com 500 Nestle SA CHFO.10 220 Procter & Gamble Com NPV 100 Roche Holdings AG CHF1 700 Verizon Commun Gom US$O.10 11,429,58 1,299.32 20,359.00 1,071.53 26,519.95 222.92 14,632.41 309.71 19,486.77 859.08 39,422.38 961,19 27,869.96 546.16 25,072.20 1,251.06 23,302.46 19,695.08 494,011.66 23,425.56 30,301.14 74,165.29 40,836.78 49,467.61 20,356.86 23,358.47 565,383.72 Market Value at 514123 of investments sold Cost of investments acquired (131,895.801 90,089.57 Adjusted valu8 at 514124 Value at Y4125 523,577.49 494,011.66 UNREALISED GAINI(LOSS) IN YEAR TO 614126 9,565.83
F C CHARITABLE TRUST INVESTMENT CHANGES during the year ended 6th Aprll 2025 Market Value Proceeds at 514124 DISPOSALS GalnlLoss 2115124 393 Shell PIC Ord EUR 0.07 2115124 30 Microsoft Corp Com USD 0.00000625 2616124 National Grid lapsed proceeds 2419124 90 Microsoft Corp Com USD 0.00000625 7110124 80 Procter & Gamble Com NPV 30112124 224 Emerson Electric Com USD 0.50 1013125 5,000 Haleon PIC Ord GBP 0.01 1013125 670 SSE Pl¢ GBP 0.50 1013125 100 Procter & Gamble Com NPV 1013125 30 Microsoft Corp Com USD 0.00000625 10,825.63 9,807.15 2,215.40 28,527.46 10,001.45 21,568.31 19,619.76 9,729.32 13,293.01 8.644.72 .23 10.925.40 10.113.45 (99.771 1306.301 2,215.40 11,812.89) 107.93 370.22 3.324.76 (920.33) 926.11 1.468.73 .41 30,340.35 9,893.52 21.198.09 16.295.00 10,649.65 12,366.90 10,113.45 ,89 Cost ACQUISITIONS 1615124 225 Emerson Electric Com USD 0.50 24194 4,000 Aviva Ord G8P 0.328947368 24112124 199 Emerson Electnc Com USD 0.50 1013125 9,000 Londonmetric Prop Ord GBP 0.10 1013125 100 Alphabet Inc Cap USD 0.001 20,032.27 Glftod 19,948.35 20,092.68 Glfted 16,480.25 13,536.02 90.089.5
F C CHARITABLE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2026 BASIS OF ACCOUNTING These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable lo charrties preparing IheiT accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) {Charities SORP IFRS 1021) and the Charilles Acl 2011. Historical cost accounting rules have been applied in all instances except for the valuation of inveslments. Investment5 have been valued at their yearend rnarket value, on a middle PTice basis. Any corresponding gain or Ioss on this revaluation is shown in the Slalemenl of Financial Activities for the year. Judgements and estlmatlon uncertalnty The preparation of the financial slalemenls requires managernenl to make judgements. eslimales and assumptions that affect the amounts reported. Accounting eslimale5 and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. These eslimales and judgements are continually reviewed and a based on expenence and olheT factors. including expectations of future events that are believed to be reasonable under the circumstances. Flnanclal Instrum?nts Financial liabilities and equity instruments are dassified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rale and receivable or payable within one year are recorded at transaction price. Any losses arising from impaimient are recognised in the Profrt and loss account in other administrative exp8nses. Loans and borrowings are inilialty recognised al transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impaiment. If an arrangement conslitules a finance transaction rt is measured at present value. INGOME The Trust income is derived from its investment portfolio and additional gffts made to the Charity. The Trust is not involved in fund-raising or publicity. RESOURCES EXPENDED Expenditure is induded on an actual basis. 10
Staff costs The average head count of employees during the year was 012024.. Nill. No employee received employee benefits of more than £60,000 during the year 12024.. Nil). This employee and key management personnel figure does not include the Trustees appointed and in position during the year. Trustee remuneratlon and expenses No remuneration, benefils or expenses were paid to the Trustee5 of Ihe Charity in the current or previous year. Mr W E VernoT-Miles is a trustee of the Charity and also a partner of Hunters Law LLP. The charity paid Hunters fees of £4,97912024.' £6.7201 for legal, secretarial and administration seNices. No travel expenses were claimed by any of the Trustees. Investments at Market Value Comprised:_ 2024125 2023124 Fixed Inlerest securities uilies 81,481 391,515 17.23Vo 82.770 78,906 486,477 13.960 86.040/0 All investments are carried at their fair value. Investment$ in equilies and fixed interést securities are all traded in quoted public markets, primarily the London Stock Exchange. Holdings in common investments funds, unit trusts and open-ended investment companies are al the bid price. The basis of fair value for quoted investments is equivalent to the market value. using the bid price. Asset sales and purchases are recognized al the date of trade al cost {that is their transaction value). The trustees note the slight decrease in proportion held in fixed interest at the end of the year compared to the start of the year and are happy with Ihe balance between the asset classes at the end of the year. Independent Examlnation Burgess Hodoson have provided a provisional fee of £1,050 in regards to the 8nnu81 independent examination on the 5 April 2025 accounts, which will be paid and reported in the 5 April 2026 year. 11