FRONTIERS
ANNUAL REPORT
& ACCOUNTS
2024

CONTENTS
Annual report
What we do
Our impact in 2024
Future plans
Financial review
Structure, governance & management
Corporate directory
Annual accounts
Statement of financial activities
Balance sheet
10
Cash f low statement
11
Notes to the financial statements
12
Independent auditorfs report
19

WHAT WE DO
We help churches to identify, train, send and support members overseas:
for the benefit of local communities,
in teams,
making known the love and teaching of Jesus,
prioritising communities with least opportunity.
Our strategies to achieve this objective are:
raising awareness in Britain of opportunities for service (website, social media,
podcast, publications, prayer news, conferences and events),
encouraging enquirers: small groups, short visits, training and coaching,
helping applicants to train, connect and join over 280 overseas teams,
supporting field members, with their churches, practically and pastorally,
supporting projects that benefit communities, according to local needs, including
education, development, local businesses, relief work and healthcare.
We are part of the wider Frontiers movement - an international fellowship of semi-
autonomous teams comprising 2,100 members in over 80 countries. Each team or
organisation operate5 independently, but with clear lines of accountability and
oversight, and a strong commitment to shared vision and values.
OUR IMPACT IN 2024
Recruitment and development of long-term harvest workers
We thank God for 13 new long-term members sent overseas in the last 18 months,
and 11 applicants preparing to go in 2025-26, including new teams to new locations.
We continue to work closely with a cohort of about 100 young people taking active
steps to explore long-term overseas service. Members of this group meet regularly
online and attend quarterlyface-to-face weekend training events. 31 people went on
a series of short-term vision/prayer/training overseas trips last year.
Our pre-field training programme continued well, with field candidates training three
times a year, including a week-long event which includes practical training in
evangelism. Pre-field preparation includes personal mentoring, and the coachin8 and
development of new team leaders.

We increased support for sending from other nation5
in Asia, Europe, and South
America through finance, mentoring, shared resources and training. A particular
encouragement recently was a well-attended training event in Central Europe in
partnership with a local sending agency. In both Britain and across the world, we are
seeing growing faith and passion for global mission among young people as they seek
training and mentoring to give their lives for others in challenging locations.
Information and communications
As well as speaking and offering support and training at churches, universities, and
other venues, we continued to upgrade our website and expand our increasingly
popular online resources. These include the Momentumyes video and discussion
course, used widely by churches and small groups to equip believers to share Christ
across cultures. Our RA Wmission podcast featuring life-changing interviews-now
boasts 80 episodes and over 100,000 downloads across 160 countries.
In 2024, we hosted a well-attended Awoken prayer weekend for young adults
exploring overseas missions. This event is running again this year at a larger venue.
Care and support for local communities
We continue to raise and distribute funds-with careful oversight and supervision
to support over 200 field members and field projects. Some initiatives provide short-
term relief, such as food parcels and temporary shelters in response to conflict,
natural disasters, or displacement. Others, supported by long-term teams, focus on
sustainable community development through training, education, and healthcare.
Our member care team, working in partnership with sending churches, received
excellent feedback over the past year. They continue to provide vital support to all
field members and their families, with particular attention to those in transition or
serving in especially challenging locations.
FUTURE PLANS
Over the past year, after much prayer, we have felt led to launch a campaign to double
our impact specifically, the number of long-term field members, our community of
committed prayer partners, and our financial support base. This vision is a response
to the unprecedented opportunities that have opened up around the world in recent
years.

We have already been encouraged in pursuing these goals. Our largest-ever
supporters and enquirers conference last November, along with a strong increase in
enquirers actively taking steps toward long-term ministry, have been significant
affirmations of this direction.
We are about to purchase the freehold of premises in central High Wycombe for
£l.Im, being financed by sale of our existing freehold property outside High
Wycombe and a long-term loan. This larger facility allows us to grow our home tearn,
and offers greater flexibility for training, internships, 3 recording studio and future
developments.
Our goals for 2025-26 include the development of enquirers groups meeting locally,
giving increased support and leadership development opportunities for the growing
number of young people across the UK pursuing long-term overseas service. We are
also expanding a variety of short-term overseas visits for vision or prayer.
We are also launching a new initiative to support British churches in developing their
vision for overseas ministry to least reached peoples and places.
FINANCIAL REVIEW
We thank God for total income of £1.7M in 2024, (shown on page 9). This was below
2023 when we received substantial gifts for projects and disaster response.
Total expenditure in 2024 of £1.9M was slightly below 2023 due to returning field
members. Specific gifts are promptly applied to support field members and projects.
Net assets in December 2024 (shown on page 10) of £973k comprised:
£116k of restricted reserves, being gifts for specific projects or members,
£619k of designated funds, mainly for purchase of larger premises, and
£238k in the general fund, not designated for a particular purpose.
Volunteers on our home team contributed an average of 13 days per week and were
engaged in all areas of activity, especially pastoral support of overseas members.
Grants from restricted funds are made in line with donors, wishes, and from
unrestricted funds in line with the trustees, judgment. Grants are made only to
members and projects which demonstrate clear supeniision, oversight and
accountability, to ensure they are used effectively to benefit local communities.

The trustees, policy is to maintain the general fund at between 3 and 6 months of
unrestricted expenditure. At this level, activities could continue in the event of a
significant drop in income until remedial action becomes effective. The general fund
at 31 December 2024 of £238k represented 7 months of unrestricted expenditure.
Our investment policy is to maintain high liquidity while ensuring maximum security,
with funds invested with financial institutions protected by the government-regulated
Financial Services Compensation Scheme. The Charity has no social investments.
Fundraising practices
No outside agents are engaged to approach the public on our behalf; all applications
for funds are prepared in-house; and no complaints have been received about our
fundraising practices.
We seek to protect vulnerable people and others from unreasonable intrusion from
any fundraising communications, Where vulnerable people or those acting on their
behalf request no further communications, we act on their wishes immediately. We
also remove recipients of communications from our mailing list when requested. We
are registered with the Fundraising Regulator and committed to the Fundraising
Promise and adherence to the Code of Fundraising Practice.
STRUCTURE, GOVERNANCE & MANAGEMENT
Frontiers is a charity and a company limited by guarantee, governed under a
memorandum and articles of association. Legal and administrative details are set out
on page 8.
Overall responsibility lies with the board of trustees (who are also directors for the
purposes of company law). Trustees retire each year but are eligible for re-election.
New trustees are appointed by the board, who seek people with relevant skills and
experience, and in sympathy with the Charity's objectives and ethos. Induction and
training are provided on a personal basis as appropriate. Policy and major financial
decisions are made by the board. Day-to-day running of the Charity and responsibility
for irnplementing these decisions are committed to the chief executives.
Trustees give their time freely and receive no remuneration. Trustees, expenses and
other related party transactions are disclosed in Note 6 to the accounts.

Mernbers located overseas are accountable to local and regional team leaders and
raise their own financial support. They have the backing of the Charity in raising
support, including the provision of training and expertise.
Home staff are encouraged to raise their own financial support. Modest salaries are
paid to some staff, including the chief executives.
The trustees have regard to the Charity Commission's published guidance on public
benefit. The Charity delivers a public benefit to many communities through services
provided by overseas members, including support to those suffering from conflicts
and natural disasters and projects to promote long-term development of local
communities, through training, education, healthcare etc.
Risks and uncertainties
The trustees have reviewed the Charity's current and planned future activities in the
light of major risks, and the effectiveness of systems and procedures designed to
manage them.
The principal risks and uncertainties are reputational damage in the event of a high-
profile complaint or legal action alleging lack of due care for staff or field members. a
sharp reduction in donation income. or financial mismanagement.
Our plans to manage risks include careful assessment of applicants, risk assessments
and contingency plans, a support network for overseas members, a system of
financial controls, a robust safeguarding policy, incident reporting, strong oversight
and accountability of field projects, maintaining adequate financial reserves, secure
IT systems and insurance cover.
The trustees consider adequate resources will continue to be available to fund
activities for the foreseeable future, there are no material uncertainties about the
Charity's ability to continue operating, and it therefore remains a going concern.
Auditor
Xeinadin Audit Limited offer themselves for re-appointment as auditor in accordance
with Chapter 2 of Part 16 of the Companies Act 2006.

Trustees, responsibilities in relation to the accounts
The trustees are responsible for preparing this report and financial statements in
accordance with United Kingdom Generally Accepted Accounting Practice,
Accounting Standards and applicable law.
Company law requires the trustees to prepare financial statements for each financial
year which give a true and fair view of the state of affairs of the Charity and of the net
income and expenditure of the Charity for that period. In preparing these financial
statements, the trustees are required to:
select suitable accounting policies and apply them con51Stently,
observe the methods and principles in the Charities SORP,
make judgments and estimates that are reasonable and prudent,
state whether applicable UK Accounting Standards have been followed, subject to
any material departures explained in the financial statements,
prepare financial statements on a going concern basis unless it is inappropriate to
presume the Charity will continue in business.
The trustees are responsible for keeping proper accounting records that are sufficient
to show and explain the Charity's transactions, to disclose with reasonable accuracy
at any time the financial position of the Charity, and to enable them to ensure
financial statements comply with the Companies Act 2006. They are also responsible
for safeguarding the Charity's assets and taking reasonable steps for the prevention
and detection of fraud and other irregularities.
As far as each trustee is aware:
there is no relevant audit information of which the Charity's auditor is unaware. and
trustees have taken all steps they should have taken to make themselves aware of
any relevant audit information and to establish that the auditor is aware of that
inforrnation.
This report was approved by the board on 15 July 2025.
K Elmitt (Trustee)

CORPORATE DIRECTORY
Company Registration Number
2585745
Charity Registration Number
1012566
Trustees
K Elmitt (Chair)
D A Aanderud
M J Knell
l M Linton
R Moffat
P N Maclnnes
J L Richards (appointed 7 March 2025)
Chief Executives
P A Bancroft
M D Jones
Principal Address
PO Box 1445
High Wycombe, HP12 9BU
Registered Off ice
5 Robin Hood Lane
Sutton, SMI 2SW
Auditor
Xeinadin Audit Limited
Chartered Accountants
5 Robin Hood Lane
Sutton, SMI 2SW
Principal Bankers
Barclays Bank plc
PO Box 23
Northampton, NNI 4YD
CAF Bank Limited
25 Kings Hill Avenue
West Malling, ME19 4JQ

FRONTIERS
STATEMENT OF FINANCIAL ACTIVITIES
(incorporating an income & expenditure account)
for the year ended 31 December 2024
Unrestricted Restricted
Funds
Funds
Total
2024
Unrestricted R8Stncted
Funds
Funds
Total
2023
Note
INCOME & ENDOWMENTS
Donations & legacies
Charitable activities
261,235 1,432,086 1,693,321
227,365 1, 654,207 1, 881, 572
7,686
7,686
14.985
14.985
Investment income
16,542
16,542
13,535
13,535
Totsl income
285,463 1,432,086 1,717,549
255, 885 1, 654,207 1, 970,092
EXPENDITURE
Raising funds
Charitable activities..
29.358
2,119
31,477
23,731
1,539
25,270
Programme development & support
Information & education
281,240 1,446,461 1,727,701
306,909 1, 585,488 1, 892,397
50.342
27,934
78,276
56,482
26, 125
82,607
Management & administration
37,207
2,800
40,007
34,299
2, 787
37,086
Total expenditure
398,147 1,479,314 1,877,461
421,421 1,615.939 2,037,360
Net (expenditure)lincome
(112,684) (47,228) 1159.912)
(165,536)
38,268
(127,268)
Funds brought forward
969,903
162,978 1,132,881
1, 135,439
124, 710 1,260, 149
Funds carried forward
857 219
115 750 972 969
969 903
162 978 1 132 881
The Company had no recognised gains or losses other than those shown above for either financial year.
The notes on pages 12 to 18 form part of these financial statements.

FRONTIERS
BALANCE SHEET
At 31 December 2024
Note
2024
2023
FIXED ASSETS
Tangible assets
490,499
496,663
CURRENT ASSETS
Stock
791
621
Debtors
10
156,622
226,571
Investments
11
172,682
85,000
Cash at bank and in hand
491,523
821,618
698, 735
7.070,927
CREDITORS
Amounts falling due within one year
12
339,148
374, 709
NET CURRENT ASSETS
482,470
636.218
NET ASSETS
972 969
1 132 881
FUNDS
UnrestTiCted ￿ndS..
General fund
237,963
187,961
Designated funds
13
619,256
781,942
857,219
969, 903
Restricted funds
13
115,750
162,978
Total funds
972 969
1132 881
The financial statements on pages 9 10 18 have been prepared in accordan￿ with the special provisions of Part 15
of the Companies Act 2006 relating to small companies. They were approved by the board of directors on 15 July
2025 and are signed on their behalf by..
K Elmitt
Director
Frontiers
Company number 2585745
10

FRONTIERS
CASH FLOW STATEMENT
for the year ended 31 December 2024
No
2024
2023
Cash (oufflowylnllow from operatlng a¢llvltl8$
16
136,034
303,293
Cash flows from investing activities:
Investment income
16,542
13,535
Proceeds from disposal of langible fixed assets
Purchase of tangible fixed assets
382
{420)
(5,420)
Cash provid8d by investmont activitie5
16,504
8,115
(Decreaseyin¢rea$e in cash and cash oquivalents in the year
1119,5301
311,408
Cash and cash equivalents at the beginning of the year
783,735
472,327
Cash and cash equivalents at the end of the year
664 205
783 735

FRONTIERS
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024
1. AccouKfiNG POLICIES
Basls of preparation
Frontiers is a charitable company limited by guarantee, incorporated in the United Kingdom and
reglstered in England and Wales. Legal and administrative details are set out on page 8. The financial
statements are prepared in compliance with the Companies Act 2006, the Charities Act 2011,
Financial Reporting Standard 102, and the Charities Stalement of Recommended Practice
(FRS102). The financial statements are prepared in pounds sterling rounded to the nearest pound.
The principal accounting policies. which have been applied consistently, are described below.
Fund accounting
Incoming resources for specific purposes declared by donors are held separately as restricted funds.
General reseNes are unrestricted funds available for use at the trustees, discretion in furtherance of
the Charity's charitsble objedives. Designated funds are set aside by the trustees for specific
purposes.
Income
Income is recognised when entitlement is established, receipt is probable, and its amount can be
quantified with reasonable accuracy.
Donated goods are included in income at their market value when received. Time donated by
volunteers is not recognised in the financial statements. but their significant contribution is discussed
in the trustees, report.
Individual mèmbers make contributions to the general funds of the Charity out of the gift income they
receive at a rate of 50A for UK-based members and projects and 100/0 for members based overseas.
Expenditure
Grant payments to third parties are accrued once the recipienl has been notrfied of the grant award
and where any unfulfilled conditions attaching to Ihe grant are oulside the control of the Charity.
Other expenditure is recognised once there is a legal or constructive obligation to make a payment, it
is probable that settlement will be required, and the amount of obligation Can be measured reliably.
Expenditure is accounted for on an accruals basis and apportioned b￿￿een the costs of raising
funds and charitable activities. Charitable activities expenditure is further analysed between
programme development & support, information & education. and management & administration. as
described in notes to the accounts. Expenditure apportionment is based on an analysis of time
spent.
Pensions
The Charity operates a defined contribution scheme for the benefit of employees. Contributions are
charged to Ihe income and expenditure account in the year they are payable.
12

FRONTIERS
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024
1. ACCOUNTING POLICIES (continued)
Depreciation
Depreciation is provided to write off the cost of tangible fixed assets over their estimated useful
economic lives, as follows..
Building services
Furniture & other equipment
10 years
3-5 years
No depreciation is provided on freehold land and buildings. The trustees have a policy of maintaining
the property to a high standard which prolongs its useful life and enhances its residual value and
accordingly consider any depreciation to be insignificant and immaterial. Properties are reviewed
annually by the trustees for any impairment of value.
Investments
Financial assets convertible into osh within 3-12 months are defined as short-tenn investh)ents.
Debtors
Debtors are recognised at the settlement amount due after any trade discount offered. Prepayments
are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand
Cash at bank and in hand includes accounts held at call with banks and cash in hand. Cash
equivalents include monies available within 3 months withoLrt interest penalty.
Creditors and provistons
Creditors and provisions are recognised when the Charity has a legal or constnjctive financial obligation
that can be reliably estimated for which payment is expected to be made.
Financial instruments
The Charity has financial assets and liabilities only of a kind that qualify as basic financial instruments.
These are initially recognised at transaction value and subsequently measured using amortised cost on
the effective interest rate method.
Going concem
Al the time of approving the financial statements, the trustees have a reasonable expectation that the
charity has adequate resources to continue in operational existence for the foreseeable future. Thus the
trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

FRONTIERS
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024
2. DONATIONS & LEGACIES
Unrestricted
Restricted
Funds
Total
2024
Totsl
2023
funds
Donations and legacies
Contributions from members
125,668
135,567
1.432.086
1,557,754
135.567
1,749,721
131.851
261,235
1,432,086
1,693,321
1,881,572
3. INCOME & ENDOWMENTS FROM CHARITABLE ACTIVITIES
These comprise income from training events, book sales, a hospitality house and short-term assignments.
The primary aim of these activities is to assist members preparing to go overseas and to raise
understanding of the Charity's activilies and opportunities for servi￿, with charges being made to defray
costs.
4. EXPENDITURE ON RAISING FUNDS
Most voluntary income is generated by members on an unpaid voluntary basis. Costs to the Charity of
generating voluntary income are those incurred in seeking donations and do not indude the costs of
disseminating general informab'on about the Charity's activities and opportunilies.
5. CHARITABLE ACTIVITIES
Programme development & support expenditure from ￿stricted funds comprises gifts to members and
projects, in line with donors, wishes. Such expenditure from unrestncted funds comprises the costs of
providing support and training to prospective and Current overseas members.
Information & education expendilure comprises the costs of raising awareness of the needs and
opportunities for seNice, through the website, video and podcast resources, literature, conferences, and
other events.
6. RELATED PARTIES
Related parties are the trustees, key management personnel (considered to be the chief executives). and
their close family membets.
Trustees receive no remuneration for their services. Total compensation paid lo the chief executives was
£52,099 (2023. £52,260).
No trustee expenses were incurred {2023'. Nil).
Donations received from trustees lotalled £1,740 (2023= £3,150), of which £1,010 (2023.. £1,660) was for
restricted purposes.
14

FRONTIERS
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024
7. EXPENDrruRE
Raisin
ramme Information Mana
funds develo
ment
&su
ort education administration
emenl
Total
2024
Total
2023
Member support
Field projects
Office running costs
Fronliers International Office
Travel
Training & conferences
Website & media
Legal & professional fees
Governance costs.. audit fee
House running costs
Other expenses
Depreciation
25,355 1,476,534
147,840
26,318
29.304
14,701
15,011
2,445
5,331
58,321
19,386 1,579,596
147,840
38,833
36,814
18,539
15,527
12,526
7.331
5.940
5,298
3,015
6,202
1, 762,262
133,708
36,101
35.174
21,359
14,582
11,455
2,238
5.640
5,955
3,190
5,696
3,638
5,852
3,025
7.510
740
197
456
231
1,253
2,642
88
8,828
2.000
5.940
5.298
1,500
3,419
731
1,814
784
425
544
31477 1 727 701
40 007 1 877 461
2 037 360
Com
risin
Reslricled funds
Unrestricted fLJnds
2,119 1,446,461
29,358
281,240
1 727 701
27,934
50,342
2,800 1,479,314
37.207
398,147
40 007 1 877 461
1,615,939
421,421
2 037 360
Totals in 2023
25 270 1892 397
37 086 2 037 360
8. EMPLOYEES
2024
2023
Salaries
Employer's national insuiance
Employer's pension contributions
343.862
21,447
8,037
373 346
384, 148
23,480
8, 654
416 282
Average number of employees
Average number of full-time equivalent employees
21
12
No employee received benefits ex￿edIng £60,000 in either year.
The Company operates a defined contribution pension scheme. Conlributions of £2,596 (2023.. £2,547) were
outstanding at the year end.
15

FRONTIERS
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024
9. TANGIBLE FIXED ASSETS
Freehold
Land &
Buildin
Furniture &
Total
COST
Al 1 January 2024
Additions
Disposals
At 31 December 2024
535.525
30,683
420
(1,757)
566,208
420
1,7571
564 871
535 525
DEPRECIATION
At 1 January 2024
Provision for year
Disposals
At 31 December 2024
46.480
2,172
23,065
4,030
1,375
69,545
6,202
1,375
NET BOOK VALUE
At 31 December 2024
486 873
490 499
At 31 December 2023
489 045
496 663
10. DEBTORS
2024
2023
Amounls falling due within one year..
Other Frontiers offices
Accrued income
Gift Aid receivable
Prepayments and other deblors
58,677
38,713
35.374
23,858
156 622
110,305
60,835
33,264
22,167
226 571
11. INVESTMENTS
2024
2023
Amounts falling due within one year=
Deposits with financial institutions
172.682
172682
85, OOQ
12. CREDITORS
2024
2023
Amounls falling due within one year..
Members and projects
Other Frontiers offices
Other creditors
286,586
31,409
21,153
339 148
356, 145
530
18,034
374 709
16

FRONTIERS
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024
13. MOVEMENT IN FUNDS
At 1 Janua
2024
At 31 December
2024
Income
Transfers
enditure
General fund
187.961
285,463
157.383
1392,844)
237,963
Designated funds:
Fixed asset fund
Generosity fund
746,663
35,279
781,942
969,903
(171,663)
14,280
(157,383)
575,000
44,256
619,256
(5,3031
(5,303
(398,147)
Total unrestricted funds
285,463
857,219
Restricted funds:
Members, support
Projects
Total restricted funds
43,707
119,271
162,978
1,340,347
91,739
1,432,086
{1,331,474)
(147,840)
(1,479,314)
52.580
63,170
115,750
Total funds
1 132 881
1717 549
1877 461
972 969
At l Janua
2023
At 31 December
2023
Income
Transfers Ex
enditure
General fund
99,172
255, 885
219,925
(387,021
187,961
Designated funds..
Fixed asset furpd
Ggnérosity fund
976, 939
59,328
1,036,267
(230,276)
10,351
(219,925
746,663
35,279
781,942
969, 903
(34,400)
34,400)
(421,421)
Total unrestricted funds
1, 135, 439
255, 885
Restricted funds."
Members, support
Proj8Cts
Total restncted funds
106,416
18,294
124, 770
1260 149
1,414, 102
240, 105
1,654,207
1910 092
(1.476,871)
(139, 128)
(1,615,939)
2 037 360
43,707
119,271
162,978
Total funds
1 132 887
Designated funds have been established for the following purposes:
The fixed asset fund represents funds required for fixed asset purchases planned for the coming year to
indicate that these resources are not available for other purposes.
The generosty fund represents funds set aside to assist projects within the Charivs objects'ves.
Restricted funds comprise..
Members, support-. gifts received for specific members.
Projects.. gifts for specific Gharitable projects, which are allocated as needs arise.
During the year, payment5 were made to 201 {2023 - 193} members and projects.
17

FRONTIERS
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024
14. ANALYSIS OF NET ASSETS BETWEEN FUNDS
General Desi
naled Restri
Fund
Funds
Funds
Total
Fund balances al 31 December 2024 were represented by..
Fixed assets
Current assets
Current liabilities
490,499
128,757
490,499
821,618
(339.148)
577,111
(339,148)
115,750
Total net assets
237 963
619256
115 750
972 969
Gene
Fund
l Desi
nated Rest17Gted
Funds
Funds
Total
Fund balances at 31 December 2023 We￿ represented by..
Fixed assets
Cuffent assets
Cuffent liabilities
496,663
285,279
496,663
1,010,927
(374, 709)
562,670
(374, 709)
162,978
Total net assets
187 961
781942
162 978
1 132 881
15. SHARE CAPITAL
The Company is limited by guarantee and does not have an issued share ¢apital. Each member of the Company
undertakes to contribute to the assets of the Company (should it be wound up during membership or within one year
after ceasing to be a member) for payment of debts and liabilities of the Company contracted before ceasing to be a
member. The contribution is limited to a sum not exceeding £1.
16. CASH FLOWS RECONCILATION
2024
2023
Net (expenditure)
(159.912)
(127,268)
Adjustments for..
Depreciation
Investment income
(Increase)Idecrease in stocks
Decrease in deblors
(Decrease) in creditors
6,202
(16,542)
{170}
69,949
(35,561)
5,696
(13,535)
224
466, 141
(27, 965)
Cash {oufflow)linflow from operating a￿1VIlieS
136 034
303 293
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Independent auditor's report to the members of Frontiers
Opinion
We have audiled the financial statements of Frontiers {the 'charity'} for the year ended 31 December
2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash
Flows and the notes to the financial statements, induding a summary of significant accounting policies.
The financial reporting framework that has been applied in their preparation is applicable law and United
Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financi81 Reporting
Standard applicable in the UK and Republic ollreland {United Kingdom Generally Accepted Accounting
Practice).
In our opinion the financial slatements..
give a true and tsir view of the state of the charitable company's affairs as al 31 December
2024 and of its incoming resources and application of resources for the year then ended",
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice," and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) IISAS IUKII and
applicable law. Our responsibilities under those standards are further described in the Audilorfs
responsibilities for the audit of the financial statements section of our report. We are independent of the
charitable company in accordance with the ethical requirements that are relevant to our audit of the
financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other
ethical responsibilities in accoidance with these requirements. We believe that the audit eviden￿ we
have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concem
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis
of accounting in the preparation of the financial statements is appfopriate.
Based on the work we have performed. we have not identified any malerial uncertainties relating to
events or conditions that, individually or collectively, rnay cast significant doubl on the Charity's ability
lo continue as a going concem for a period of al least 12 morsths from when the financial statements
are authorised for issue.
Ouf responsibilities and the responsibilities of the truslees with respect to going concern are described
in the relevant sections of this report.
Other infomiation
The other information comprises the information induded in the annual report, including the trustees,
report, otherthan the financial statements and our auditor's report Ihereon. The trustees are responsible
for the other information contained within the annual report. Our opinion on the financial statements
does not cover the other information and, except to the extent othewse explicitly stated in our report,
we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and. in doing so, consider whether the other
information is materially inconsistent with the financial slalemenls or our knowledge oblained in the
course of the audil, or otherwise appears to be materially misstated. If we identify such malerial
inconsistencies or apparent material misstatements, we are required to determine whether this gives
rise to a material misstatement in the financial statements themselves. If, based on the work we have
performed, we conclude thal there is a material misstatement of this other information, we are required
to report that fact.
We have nothing to report in this regard.
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Oplnions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit..
the information given in the trustees, report. which indudes the directors, report prepared for
the purposes of company law, for the financial year for which the finanoal statements are
prepared is consistent with the financial statements. and
the directors, report included within the Irustees, report has been prepared in a￿OrdanCe wilh
applicable legal requirements.
Matters on which we are requlred to report by exception
In the light of the knowledge and understandin9 of the charity and its environment obtained in the course
of the audit, we have not identified material misstatements in the directors, report included with the
trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act
2006 requires us to report to you if, in our opinion..
adequate and proper accounting records have not been kept, or returns adequate for our audit
have not been received from branches not visited by us". or
the financial statements are not in agreement with the accounting records and returns.. or
certain disdosures of trustees, remunerab'on specified by law are not made., or
we have not received all Ihe information and explanations we require for our audit., or
the trustees were not entitled to prepare the financial statements in accordance with the small
companies regime and take advantage of the small companies exemptions in preparing th8
trustees, report and from the requirement to prepare a strategic report.
Responsibilities of trustees
As explained more fully in the trustees. responsibilities ststement. the trustees, (who are also the
directors of the charitable company for the purposes of company lawl are responsible for the
preparation of the financial statements and for being satisfied that they give a true and fair view, and
for such internal control as the trustees determine is ne￿SSary to enable the preparation of financial
statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charty's ability lo
continue as a going concern, disclosing. as applicable, matters related to going concern and using the
going concern basis of accounting unless the trustees either intend to liquidate the company or to cease
operations. or have no realistic alternative but to do so.
Auditoes responsibilitles for the audlt of the financlal statements
Our objectives are lo obtain reasonable assurance about whether the financial slatements as a whole
are free from material misstatement, whether due to fraud or error, and lo issije an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an
audit conducted in accordance wlh ISAS (UK) will always detect a material misslatementwhen it exists.
Misststemenls can arise from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on
Ihe basis of these financial statements.
The extent to which our procedures are capable of detecting irregularittes, including fraud is detailed
below..
20

Based on our understanding of the charity, we identified that the principal risks of non-compliance with
laws and regulations related to employment and financial reporting legislation and we considered the
extent lo which non-compliance might have a material effect on the financial statements. We also
considered those laws and regulations that have a direct impact on the preparation of the financial
statements such as the Companies Act 2006 and Charits'es Act 2011.
We assessed the susceptibility of the company's financial ststements to material misstatemenl,
including obtaining an understanding of how fraud might occur, by making enquiries of management,
considering the internal controls in place and discussion amongst the engagement team. We
determined that the principal risks were related to payments to third parties and management override
of controls.
In response to the risks identified we designed prO￿dureS which included, but were not limrted lo..
verifying payments lo third parties on a sample basis
identifying and tesling iournal entries
reviewing Trustees, meeb'ng minutes
evaluating the charity's intemal controls
There are inherent limitations in the audit procedures described above. The more removed that laws
and regulations are from financial transactions, the less likely rt is that we would become aware of non-
compliance. Material misstatements that arise due to fraud can be harder to delect than those that arise
from error as they may involve deliberate concealmenl or collusion.
A further description of our responsibilities for the audil of the financtal statements is located on the
Financial Reporting Council's website at. http'.II￿.frc.Org.uk1audl1O[sreSponSIbIIil1Ès. This description
forms part of our auditor's report.
Use of our report
This report is made solely to Ihe charrtable company's members, as a body. in accordance wth Chapter
3 of Part 16 of the Companies Act 2006 and fegulations made under that Act. Our audit work has been
undertaken so that we might stale to Ihe charitable company's members those matters we are required
to slate to them in an auditors, report and for no other purpose. To the fullest exlenl permitted by law.
we do not accept or assume responsibility to anyone other than the charitable company and its
members as a body, for our audit work, for this report, or for the opinions we have formed.
￿00l)
Richard Haffenden MA{Cantab} FCA (Senior Statutory Auditor)
for and on behalf of Xoinadin Audit Limited
Statutory Auditor
Chartered Accountants
5 Robin Hood Lane
Sutton
Surrey
SM1 2SW
Dated.. Is S£Pxl￿&S￿ ZOZ
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