Registered number SC 036528 Friends World Committee for Consultation - Europe & Middle East Section Report and Accounts 31 December 2025 TC Group 4 Offite Village Peterborough PE7 8GX
Friends World Committee for Consultation Europe & Middle East Section Report and accounts For the Year Ended 31 December 2025 Contents Pages Reference & Administrative Information Report of the Executive Committee 2-11 Report of the Independent Examiner 12 Statement of Financial Activities 13 Balance Sheet 14 Notes to the Financial Statements 15-19
Friends World Commlttee for Consultatlon - Europe & Mlddle East Se¢tlt)n Reference & Administrative Information for 2025 Scottlsh Charity number: Address of Prlnclpal Offlee: Website address: SC 036528 PO Box 18578, Birmingham. B30 9GH ccemes.or Executlve Commlttee members {trustees) In 2025: Lena Froese, EMEYF & German YM Magdalena Gadomska, Central European YM Will Haire, Ireland YM Paul Holdsworth, Belgium & Luxembourg YM Annie Janssen, German YM Ethel Livermore, Britain YM Peter Spreil, Netherlands YM Asslstant Treasurer Clerk Treasurer Staff In 2025: Michael Eccles. Britain YM Julia Walloch, Vienna Worship Group. German YM Executlve Secretary Communication & Networking Coordinator Bankers: CAF Bank 25 Kings Hill Avenue West Malling Kent ME19 4TA Triodos Bank UK Deanery Road Bristol BSI SAS Wise Avenue Louise 541S52 1050 Brussels Belgium Actountants: TC CH LTD, 4 Office Village. Forder Way. Cygnet Park, Hampton. Peterborough, PE7 8GX Independent Examlner: TC CH Limited Investment Managers: Rathbone Greenbank Investments, Prince Street, Bristol BSI 4PS What is FWCC? The Friends World Committee for Consultation was established at the Second World Conference of Friends held at Swarthmore. Pennsylvania, in 1937. The concept of a world organisation to express the sense of world fellowship of Friends arose as an important part of the evolution of the Religious Society of Friends in the first two decades of the twentieth century. This tentative
development gained impetus from the 1920 Friends World Conference in london and the Youn8 Friends Gathering at Jordans, England, held in the same year. No other or8anisation exists which links together Yearly Meetings around the world. Authority withln the Religious Society of Friends Iles at the Yearly Meeting and Monthly Meeting/church level, leavlng these groups Potentially in Isolation. Hence the vision arose of an organisation to keep Friends connerted and in touch with each other across the diverse spectrum of the Soclety. FWCC was established to be a channel of communication among Friends. helping us to explore and nurture our identity as Quakers so that we can discover and be faithful to our true place in the world as a people of God. The current mission statement is: answering God s call to universul love, FWCC brings Friends of vorying troditions and culturt71 experiences together in worship. communications. ond consultotlon. to express our common heritage and our Quaker messoge to the world. Representatives appointed by affiliated Yearly Meetings and groups gather at World Plenary Meetings IWPMsl every few years. Between WPMS, the Central Executive Committee, which is broadly representative, meets regularly to continue FWCC'S decision-making processes and to guide staff. The FWCC World OfPice is a gIStered charity in Britain and supports worldwide communications for Friends and the work of the Sections. It also represents Friends within non- Quaker international organisations such as the United Nations. In 2012, FWCC held the 6th World Conference of Friends at Kabarak Unlversity, Nakuru. Kenya. on the theme "Being Salt and Llght: Frlends Ilving ihe Kingdom of God In a broken workl." Almost 900 Friends attended from some 52 countries. In 2016, 3 WPM was held in Pisac, nearcusco, Peru, from 19-27 January. The theme was°Living the Transformatlon- Creotion waits with eager longingfor the revet71ing of God's children (Romans 8.191. In 2024 a WPM was held nearJohanne5burg in South Africa from the 5-12 August. Thetheme was "Llvlng the splrlt of Ubuntu: Responding wtth hope to God's call to therlsh creation - and one another.. Forl know the thoughts thot I think toword you, say5 the Lord, thoughts of peace ond not of evil, to give you Gfuture and a hope-jeremlah 29.11 (New King James Version).. Thiswas the first hybrid World Plenary Meeting held by FWCC, with around 250 Friends participating at the venue and over 250 participating online including many at 'hub5' where Friends gathered in meeting houses or churches to join online. See: fwcc.world istl -of-world- lena -meetin WPMS are held every 6 to 10 years and the next one will take place in 2030. An online Global Conference of Friends will take place in 2027. Read more about the work of the FWCC World Office here". fwcc.world
FWCC-Europe & Middle East Sectlon The Europe & Middle East Section IEMES) of the Friends World Committee for Consultation IFWCCI was established in 1938 and is the collective body for Quaker meetings in Europe and the Middle East. All the members, yearly meetings and groups affiliated to EMES are members of FWCQ We publish a newsletter. Among Friends, three times a year and send out regular news emails to subscribers. A small Executive Committee. as5i5ted by the Executive Secretary and the Communlcation & Networking Coordinator, ensures 8ood communication within the Section and with other Quaker bodies and individual Friends. Each year EMES organises an Annual Meeting and Peace & Service Network Annual Gathering and regular online events for Representatives & Roleholders, the Peace & Service Network, the EMES Youthgroup for 14-18year old Young Friend5 and for International Members and isolated Friends. EMES is a member of Church and Peace and is an Or83nisation in Partnership of the Conference of European Churches. EMES has a 10-year strategy which envi50ges a thriving, vibrant, inclusive, Gll-age, spiritual community of Friends in Europe and the Middle Eost, woven togetherin tronsformotivefcith ond love, working and connerting with others, listening to the Spirit, ortively living out our Quaker testimonies of truth ond integrity, equality ond Community. simplicity, peoce. ond Corefor the earth ond the environment. You can read more about EMES including our 10 year strategy on ourwebsite.. fwccemes.or emes EMES consists of 13 Yearly Meetings, l Monthly Meeting, a number of recognised meetings and worship groups and some isolated Quakers. There are approximately 25,1))O Quakers in the affiliated meetings in the Section Ithis figure includes members, attenders and children, and is based on the information provided by meetings in early 20261. We are in contart with Evangelical Friends Church International who maintain their own congregations in Croatia, Hungary, Ireland, Romania, Serbia. Europe & Middle East Youn8 Friends IEMEYFI is a well-established, autonomous or8anisation operating within the Section: eme .or EMES actlvlty In 2025 2025 was another busy year for EMES. Our work continues to bring Friends together, mostly through online connections but also at our events held at different locations around the Section. Friends In Europe and the Middle East feel better connected through these opportunitles for fellowship and worship together. We are building an all age community of Friend5. In May we held ourAnnual Meeting in Warsaw and online and in October our Peace & Service Annual Gathering met in Paris and online. Each month we hold online gatherings for our Representatives & Roleholders, for our Peace & Service Network and for our Youthgroup. Our roleholders gather monthly for worship and we jointly host several online meetings for worship
each week with Woodbrooke. Our international member5 and isolated Friends gatherings are held three times a year. 2025 has again been a difficult year for many people in our region: the war in Ukraine has continued and although there is now a fragile ceasefire of sorts in Gaza, life there continues to be very dlfficult. We continue to stsy in touch with the small Friends, 8roups in these countrles offering them support while Friends from across our region and from further afield continue to work for peace. Our weekly meeting for worship to pray for peace every Tuesday afternoon has continued to meet; a small group of very committed Friends regularly attend. During the year EMES staff and Friends giving service made pastoral visits to Friends ènd meetings in the Baltic States, the Middle East and Ukraine. This year we hosted one of four global meetings for worshlp held by the four FWCCSe¢tions; over 100 Friends joined us for worship and to hear prepared ministry frorn Friends in Austria, Finland & Ireland. We regularly add new stories to the news page of our website: fwccemÈs.or news War In Europe and the Middle East During 2025 the war and violence in Ukraine and Gaza contlnued. EMES holds a weekly meeting for worship to pray for peace each Tuesday, with a regular attendance of around 20 Friends from around the world. We also maintain contact with the small Quaker communlties In the countries affetted by the wars. Read more about the peace worship here: fwccemes.or calendar eate- worshi Executlve Committee The Executive Committee (ECI acts as the EMES trustees and met flve tlmes during 2025. They had two weekend meetings, one online in February and one in Vienna in September. These weekend meetings allow for more in-depth decision making. The EC is responsible forthe work of EMES and monitors progress made on the workplan and priorities agreed at each Annual Meeting. They also approve grants to the Splrltual Growth Fund. There were no changes in the membership ofthe EC In 202S. EC member5 in 2025 Lena Froese, EMEYF Magdalena Gadomska, Central European YM {AssiStant Treasurer) Will Haire, Ireland YM Paul Holdsworth. Belgium & Luxembourg YM Annie Janssen. German YM Ethel Livermore, Britain YM Iclerk) Peter Spreij. Netherlands YM (Treasurer}
Minutes of EC meetings are made available to EMES Representatives and are available from the EMES office on request. Staff Executive Secretary: Michael Eccles, Britain YM Communication & Networking Coordinator: Julia Walloch, Vienna Worshlp Group Representatives All Yearly Meetings, Monthly Meetings and meetings In the Section appoint representatives to FWCC-EMES. Details of this are outlined in the EMES constitution. Representatives usually serve for three years and can be reappointed once. All representatives are invited to attend the EMES Annual Meeting and monthly online Representatives & Roleholders Gatherin85. These online monthly gatherings helpto build and maintain our community and mean that when we do meet in person, Friends already know each other and are able to communicate at a deeper level more quickly. EMES roleholders meet forworship once a month also. Annual Meetin8 In early May EMES representatives, and other Friend5, met in Warsaw and online and considered the theme: How do we live together as o con7munity of Friends in Europe & the Middle Ea5tP Almost 80 Friends gathered at the meeting (both in Warsaw and online). We provided Russian interpretation online and Polish interpretation in Warsaw, which enabled us to include several Polish Friends who otheise could not have participated. Our speaker was Emily Provance of New York YM. who used Acts 15 as a basis to speak to our theme. During the meeting we reaffirmed our sustainability policy. We provided interpretation into Polish lin Warsaw) and Russian lonlinel at the AM. Read the AM epistle here.. fw mes.or news emes-annual-meetin -2025-e Our AM in 2026 will be held online on the 28-30 May. Pastoral vlslts During 2025 we made three pastoral vi51t5 to Friends. In April the Executive Secretary and Clerk joined a group from Friends United Meeting on a 10 day visit to Ramallah, Palestine and Brummana. Lebanon. They got to know staff and students at the Friends schools there, and spent time with local Friends who often feel isolated from the rest of the Quaker world. Out of this visit plans were developed for Middle East YM to meet for the first time in decades in April 2026. sadly this had to be cancelled due to war in the region. In May, immediately afterthe EMES AM. the Executive Secretary and an Elderfrom Central European YM travelled to Ukraine to spend time with Friend5 there. Although there are only around 20 Quakers and seekers In Ukraine, there are two worship groups.. the Quakers of Kyiv and Friends of Ukraine. The Quakers of Kyiv have been meeting for 7 or 8 years and Friends of Ukraine for a year or two. The visitors met with Friends from both groups and wlth other individuals connected to Quakers in other ways such a5 through Woodbrooke-EMES online worship.
And finally Sn Novemberthe Executive Secretary travelled with two Friends from Finland YM and Moscow MM to meet with Quakers in Lithuania, Latvia and Estonia. The visitor5 found small but committed communitie5 of Friends in these countrles and on the final day attended meeting for worship in Tallinn with 14 people present. Read about the visits here: Middle East.. ccerne5.0r Ukraine.. fwccemes.or Baltic States.. fwccemes.or news astoral-care-visit-to-friend5-in-the-middl&east the-ni ht-train-to-k astoral-visit-to-frien news news -in-the-baltic-states Additionally each year EMES staff and members of the executive committee attend all Yms and other significant Quaker gatherings around Europe and the Middle East. You can read epistle5 from these meetin8s on the EMES website: fwccemes.or news. All Age Gatherin8 In mid-2025, in partnership with Europe & Middle East Young Friends, we began planning an All Age Gathering. The gatherin5 theme is.. The River of Life.. an all age gathering and it will be held on the 8-15 August 2026 at Haus Altenberg. an hour from Cologne in Germany. We hope that around 120 Friends will participate. The last such gathering was in Bonn in 2016. Read more about the gathering: fwccemes.or AAG2026. Sustalnablllty Our sustainability policy is a significant aspect of our work. Wherever possible EMES staff and roleholders avoid flying in Europe and instead travel by land and sea. Although this can take longer and be more expensive we feel it is an important aspect of our Quaker witness to the world, and are also learnirbg that it is often easy to work on trains. EMES also only provides vegetarian and vegan food at our events, where possible. A5 mentioned above the policy was reaffimed at the 2025 AM and trustees asked to consider how to strengthen our work in this area. EMES sustainability policy: fwccemes.or emes sustainabilit In 2025 we recorded a total of 101,112 kilometres of travel through our travel impart form, producing about 17.5 tonnes of CO2. We have decided to "onset" carbon costs of this total to the FWCC Climate Emergency Fund. a total of É1141.55. The Climate Emergency Fund provides short term fundin8 to project5 presented by members of Quaker meeting5 and yearly meetings, especially th05e in the Global South experiencing the immediate imparts of the climate crisis. More informatlon can be found here: .world cef
(I Kllometers travelled In 2025 by Means of Transportation SL87Y knl IINLy£It 740 km Si Coaeh 804km FerTyl8oat 1047 km 40.644 kn1 Nomlnatlons Committee The EMES Nominations Committee conslsts of up to six Friends, appointed for three years in the flrst Snstance. It receives requests for nominees from the EMES Executive Committee and/or Annval Meeting IAMI in session, normally for members of the Executive Committee and for the roles of EME5 Clerk, Treasurer, and Assistant Treasurer, and for Elders. Nominations Committee finds nominees by a proce55 of Quaker discernment. Since the last Annual Meeting in 2025, the EMES Nominations Committee has held seven committee meetings. We have also exchanEed many emai15 and messages between us. This year. we have discerned names for Elders and Executive Committee members. We have also taken part in revising the role description for Elders. To spur our nomination process we have reached out to a number of Yearly meeting Clerks, EMES representative5 and other Friends across our section in order to listen to their suggestions for names we may contact. We have held conversations with a number of role holders. to hear about their experiences in their roles. Following up and listening to Friends about how their experience of EMES roles IS a way of caring for one another and learning about how we might improve the nominations process. Ilominations Committee members in 2025.. Simon Best, Britain YM & Woodbrooke (until May) Mikheil Elizbarashvili, Georgia Worship Group Solveig-Karin Erdal, Sweden Yearly Meeting Iconvenorl Antony Froggett, Britain Yearly Meeting Ifrom May) Leena Lampela. Finland Yearly Meetin8 Pavel Marusinec, Central European Yearly Meeting (from May)
Siobhan Walshe, Ireland YM (until Mayl Natasha Zhuravenkova, Moscow Monthly Meeting Peace & Service Network The PSN now include5 at least forty people, both individuals and organisational representatives, who are actively involved in coordinatin8 and directing the work of the network and several new people have joined the network in the past year. The network continued to hold monthly online gatherings throughout the year covering a wide range of topics including non violent communication and self compassion, writing letters to imprisoned conscientious objectors and political prlsoners. the human rights work of QUNO. explorlng reconciliatlon and Incluslon wlthin the network and more. The sub-group about conscientious objection is still very active and has provided help for many COS in 2025. The PSN held its annual gathering in October in Paris with the theme: Living in the virtue of thot lift ondpower thot took owoy the occoslon of all wors.. How Frlends across EMES ore offering sen11 and peace to o broken world. Read more about the work of the PSN here: fwccemes.or emes eace-and-service-consultation EMES Youthgroup The EMES online youthgroup continued to meet during 2025 and held its annual in person gathering In September alongside the Border Meeting in Lille, France with the theme. But whot const thou sayy Llvlng yourfalth In today's world. It was a small gatherlng wlth seven particlpants {a couple dropped out at the last minute due to ill health}. The online group has recently changed its age range from 14-18 to 12-18 to tryto draw in new members. Many of our original participants have now grown too old and are participating in Europe & Middle East Young Friends artivities. Participant5 come from around six different European countries. Although the vouthgroup prlmarily operates In Engllsh. we offer Interpretation (into German or Russlan) If needed and offer to support young people with other languages. The youthgroup is orgarnised by a small coordinating group of five Friends which includes two young people. In 2025 we covered a wide range of topics at these gatherlngs Including; a session entitled 'Quakers In space, a sesslon about racSsm and colonialism. a Quaker verslon of Dungeons & Dragons, reports of EMES pastoral visits, making cards for each tsther and lots ofgames. Read about the youthgroup and find a link to reports of the Lille gathering here.. fwccemes.or outh rou EMES Finan Our assets will be down on last year because of the projected deficit. The good news is however that mainly because salary costs were lower than estimated and income was higher than estimated because of some 8enerous contributions from Friends our deficit turned out rather lower than expected.
Thi5 yearthere were no grant requests for the John Warder {Restrictedl Endowrnent Fund. This results in a net profit of £1,565 - raising the value of the fund to £48,884. It should be noted that because of the rather modest income generated by the capital we would not be able to deal with grant requests over £1.500 a year without spending the capital. The Quaker Youth Pilgrimage Fund consists of money left over when the Quaker Youth Pilgrimage was discontinued. It was decided to spend this left over sum on the age group it was originally intended for. We are, however, free to spend the capital a5 well a5 the income generated by it. The result is that this year we spent more than the income on the capital, resulting in a net Icss of £2,132. The present balance ofthe fund now stands at £42,445. We hope to be able to cover all the costs of the All Age Gathering, budgeted at £55,000 from the income from the Fundraising Campaign, fees and donations. Last year we set aside an amount of £4.1KK) in an All Age Gatherin8 Reserve Fund. Spiritual Growth Fund Our Spirituol Growth Fund continues to support meetlngs and thelr work and In 2025 we gave three grants. The fund aims to promote Quakerism within our meetings and also to enquirers and to support Quaker meetings around Europe and the Middle East. Grants in 2025 funded work such as support for a worship group in Athens, the celebratlon of the centenary of the Centre Quoker International in Paris and the work of Stop Fuelling War. You can find more information here: Cceme5.0r emes emes-s iritual- rowth-fund Partnershlps and communlcatlon We continue to maintain closè relationships with other Quaker organisations in Europe and the Middle East, in particular our member yearly meetings and worship groups, but also Woodbrooke, the Quaker Council for European Affairs, the Quaker United Nations Office in Geneva, the Quaker Educational International Trust and Europe & Middle East Young Friends. We continue to run online worship with Woodbrooke throughoutthe week. For some Friends their online worship group is now their primary meeting. There is more information here.. woodbrooke.or worshi We send regular news emails to over 500 Friends twice each month (you can si8n up here: fwccemes.or newsletter) and maintain an artNe presence on social media (Facebook and Instagraml, alongside using our website to keep Friends up to date. We also continue to produce and send out our newsletter Among Friend5 three times a year. In accordance with our Sustainability Policy, this Annual Report Is our only publication printed in paper format. We do however offer to print and post Among Frlends by request. io
EMES also has a WhatsApp group. wlth over 100 members, where Frlends share news with each other. EMES on Facebook: facebook.com EMES Facebook group: facebook.com EMES on Instagram- inst ram.com fwcc emes FWCCEMES rou 56113262466550 Intematlonal rnembershlp The Executive Secretary. along with other Friends from EMES and beyond. Serves on the FWCC World Offlce International Membership Applications Committee IIMAC} that over5ee5 and supwrts International member5 of the Religious Society of Friends around the world. These are people who want to become members but live in an area where there is no Yearly Meeting or other Quaker body they can formally join; their membership 15 held through the FWCC World Office. There are approximately So international members in our Section. Some of these Friends are part of existing worship groups or other Quaker meeting5, while others are more isolated. EMES tries to maintain contact with these Friends to ensure that they are aware of our activities and invited to ourevents. In 2025 EMES held three online gatherings for international members and isolated Friends living in Europe and the Middle East; these gatherings are held with Russian interpretation. We also welcomed three Friends into international membership this year,. in Estonia, Italy & Portugal, and transferred one international member to Central European YM. You can read more about the international membership programme here.. fwcc.world work international-membershi areas-of- FWCC Central Executlve Commlttee The Clerk and Executive Secretary of EMES serve as members of the FWCC Central Executive Committee ICEC} along with their counterparts. and other Friends. from the other FWCC Sections and the FWCC World Office. The CEC met three times in 2025, twice online and in Octoberthey met in Seoul, Korea for a weeklong meeting ending with the opportunityto attend the FWCC Asia West Pacific Section gathering. The CEC oversees the work ofthe FWCC World Office which includes the holding of World Qvaker Day, the work of their Peace & Justice Secretary and their work to connect Friends from all four FWCC Sections. You can read more about the CEC here.. fwcc.world about-us eo le overnin -committee li
Report ofthe Independent Examlner To the ExecutNe Committee (Trusteesl of Fdends World Committee for Consuthtion- Eulope & Mlddle East Section I report on the finèncial statements for the year ended 31 December 2025 set out on pa8es 6 to 12. Respèctlvè Responslbilities of the Executrve Committee ltrusteesl and Independent Examiner The chariW5 tm5tee5 are responsible for the preparation of the accounts In accordan wlth the term5 of the CharltSes and Trustee Investment (Scotlandl Act 2CQ5 and the CFwiitie5 Accovnts (Scotlandl Regulatlons 2(A)6 las amended). The charity trustee5 consider thatthe audit requirement of ReBulation 10111 lal to Icl of the 20C6 Accounts Regulatlons does not apply. It is my reSponsilIty to examine the account5 as required under section 44111 Icl of the Art and to state whether particular matter5 have come to my attentlon. Basis of indÈpendènt èxamlner's statement My examination is carried out in accordance with Regulation 11 of the 2c6 Accounts Regulation5. An examination includes a review of the accounting records kept by the chariiy and a comparison of the accounts presented wlth those records. It also Includes consideration of any unusual Irems or disclosures in thè atcounts. and seeks explanations from the trustees concernlng anysuch matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not expre55 an audtt opinion on the vlew glven by the accounts. Independènt examiner's staternent In the course of my examination. ho matter has corne to my attention- which gives me reasonable cause to believe that in any material respect the requirements.. to keep accountlng record5 in accordance wlth 5ectlon 4411) lal of the 2Q)5 Act and Re8ulatlon 4 of the 2LK16 Accounts Regvlations to prepare accounts which accord with the accounting records ènd Comp with Regulatlon 8 of the 2006 Acwjnts Regulatlons have not been met or 2. to which, in my opinion. attention should be drawn In orderto enable a proper understsndlng of the accounts to be ¥¢hed. DaTr. il(p121f TCGroup 4 Office Village Forder Way Cygnet Park Peterbomugh, PE7 8GX 12
Friends Wortd Committee forConsultatlon- Europe & Mlddle East Sect5on Statement of FlnancFal Arti¥itie5 lor year ending 31 Decernber2025 fvnds fvnds fvnth 2025 024 Income and endowments from: Donations and legacies.. Grants Contrlbutlons and Dona1> Charitable attwities.. Annual meeting Peace & SeNce consultatlon fees lthvestments Totsl 126.850 27.522 126,850 31.650 4.129 SO.342 8.629 4,976 1.008 168.985 8,629 4.976 2.224 174,331 676 336 4.465 3,740 145,559 Expenditure on: CharitaNe activrf(les". Frlend'swork Annuol meetin8 Peacè & service consultations 7,282 7,282 23,281 7.343 23.281 7,343 405 2.602 Other-. Stafl costs Support Costs Financiil tosts Governance costs 92.793 40.014 92.793 44,092 1.610 I3.? 41,155 85.774 5,505 16.269 4.D77 371 834 io 13,907 Total 177,744 11,730 B34 190,308 151.710 Net In(omellexpeThltturel 18.7591 17,2651 47 115,9771 16,1521 TrSfer5 between funds Gain5lllosse51 on Invesiment assets 3,707 463 1.264 N•t movm•n ITr Fund5 15.0511 16,8031 L311 (lo*} 1,125 Recon¢lllIon of funds.. Fund Balèntes brou8ht forward Fund B31an¢esrr1ed forward 17 17 151287 146,236 51,918 260,942 259.816 13
Frfends World Committe•forConsulltion- Europe & Middl• Ea5tSertion Balan Sheet as at 31 De¢¢mb¢r 2025 2025 2024 Fixed assets Investments 13 193,616 193,616 190.SOI 190.501 Current •ts Debtors Cash at kMnk•nd in hand 14 167 73.106 73.273 167 85.350 85.516 Credltors: anY)ufftsfalI dut withln one year 15 116.4901 115.0751 Net Current Assets 56.783 70.441 Total assets less euvrent Ilabllltles 17 250.399 2fA],942 250.399 260.942 Capltal and wesem5 Endowment funds Restricted Income funds Deslgnated funds General fund 17 17 59,048 45,115 57,737 51.918 17 17 146,236 151,287 Shareholders. fund$ 250399 260,942 The accounts on pages 13 to 14 were approved by the Exetutive Cornmittee on and si8ned on their behalf by.. P. Spre Treasurèr 02106n026 14
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