FRONTIERS ANNUAL REPORT & ACCOUNTS 2025 CONTENTS Annual report What we do Our impact in 2025 Future plans Financial review Structure, governance & management Corporate directory Annual accounts Statement of financial activities Balance sheet 10 Cash flow statement 11 Notes to the financial statements 12 Independent auditorfs report 19 WHAT WE DO We help churche5 to identify. traln. 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 strategles to achieve this objective are: raising awareness in Britain of opportunitles for service {website, social media, podcast, publications. prayer news, conferences and events), encouraging enquirers: small groups, short visits, training and coachin& 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, accordlng to local needs, including education, development. local businesses. relief work and healthcare. We are part of the wider Frontiers movement - an international fellowship of 5emi- autonomous teams comprising 2,100 members in over 80 countries. Each team or organisation operates independently, but with clear lines of accountability and oversight, and a strong commitment to shared vision and values. OUR IMPAcf IN 2025 Recrultment and development of long-term harvest workers We thank God for 12 new long-term members sent overseas in the last 18 months, including to new locations, and 17 applicants preparing to go in 202&27. We continue to work closely with a cohort of about 100 mostly young people taking active steps to explore long-term overseas service. Member5 of this group meet regularly online, are invited to quarterly face-to-face weekend training events, and offered personal mentoring in their preparation for overseas service. 36 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 tralning In evangelism. Pre-field preparation includes personal mentoring, the coaching and development of new team leaders, and a ministry trainee scherne. We continue to support for sending from other nations- in Asia, Europe, and South America through mentoring, sharing resources and training. In both Britain and across the world, we are seeing growing faith and passion for global mission among young people who seek training and mentoring to serve others in challenging locations. Information and communlcatlons As well as speaking and offering support and training at churche5, universities, and othervenues, we upgraded our website and expanded our Sncreasingly popular online resources. Our RA Wmission podcast-featuring life-changing interrfiews-now boasts over 100 episodes and 150,000 downloads across 160 countries. In 2025. we hosted a second well-attended Awaken prayer weekend for young adults exploring overseas missions, and a third event in 2026 at a larger venue. Care and support for local communities Many members we supportare helpingcommunities and people displaced by conflict, especially in the Middle East and sub-saharan Africa. 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 di5a5ters, or displacement. Others, supported by long-term teams. focus on sustainable community development through training, education, and healthcare. Our member care team, In partnership with sending churches, continues to provide vital support to field team5 and family, particularly those in transition or serving in locations affected by conflict. FUTURE PLANS Over the past year. after much prayer, we 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 unprecedented opportunities opening up around the world in recent years. We have already been encouraged in pursuing these goals. Another very successful supporters and enquirers conference last November saw a further increase in enquirers committing to actively take steps toward long-term ministry. We completed purchase of freehold premises in central High Wycombe for £l.Im, partlyfinanced by a long-term loan. This larger facility is allowing us to grow our home team and offers more scope for trainin& a recording studio and future developments. Our goals for 2026-27 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 continue to expand a variety of short-term over5ea5 Vlsits for vision or prayer, particularly focusing on locations of greatest need. We are looking to increasingly help British churches to develop their vision for overseas ministry to least reached peoples and places. FINANCIAL REVIEW We thank God for an Il% increase in income to £1.9M in 2025, (shown on page 9). While encouraged bythis increase, we are seeking more donors, particularlygiving by standing order. to reduce further the gap between income and expenditure. Expenditure in 2025 of £2.OM was 6% above 2024 due to increased gifts passed on to members servlng overseas, including in support of members from non-western countries. Specific gifts are promptly applied to SUPPOrt field members and projects. Afreehold property purchased in 2025 for £l.IM, has secured much greaterspace to support our growlng team, Includlng volunteers, and capacity for more in-house events. Our former office and attached house were sold this month for £660k. Volunteers on our home team contributed an average of 23 days per week and were engaged in all areas of activity, especially the support of oversea5 members. Grants from restricted funds are made in line with donors, wishes, and from unrestricted funds in line wlth the trustees, judgment. Grants are made only to members and projects which demonstrate clear supervision, oversight and accountability, to ensure they are used effectively to benefit local communities. Net assets at 31 December 2025 {shown on page 10) of £875k comprised.. £92k of restricted reserves, being gifts for specrfic projects or members, £624k of designated funds, mainly representing net assets held for long-term use, £159k in the general fund, not designated for a particular purpose. The trustees, policy is to rnaintaln 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 2025 represented 4 months of unrestricted expenditure. Our investment policy is to maintain high liquidity while ensuring maximum security, with fund5 invested with financial institutions protected by the government-regulated Financial Serrfices Compensation Scheme. The Charity has no social investments. Fundralslng prartlces No outside agents are engaged to approach the publlc on our behalf; all applications for funds are prepared in-house; and no complaints have been received about our fvndraising practices. We protect vulnerable people and others from unreasonable intrusion from any fundraising communications. Where vulnerable people orthose acting on their behalf request no further communications, we act on their wishes immediately. We remove recipients of communicatlons from our mailing list when requested. We are registered with the Fundraising Regulator. are committed to the Fundraising Promise and adhere to the Code of Fundraising Practice. STRucfuRE, 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. I nduction 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 implementing these decisions are committed to the chief executives. Trustees give their time freely and receive no remuneratlon. Other related party transactions are disclosed in Note 6 to the accounts. Members 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 pre-field training and expertise. Home staff are encouraged to raise their own financial support. Modest salaries are paid to some staff. 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. Rlsks and uncertalntles The trustees have reviewed the Charitvs 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 harm to field members or reputational damage or legal action alleging lack of due care for staff or field members; financial mismanagement; an attack on or failure of IT systems- or reduced donation income. Our plans to manage these risks include risk assessments and contingency plans, security training (enhanced for higher-risk locations), a support network for overseas Members. including an experienced international risk and crisis management team. We also operate a robust safeguarding policy, the reporting of serlous incldents. oversight and accountsbility of field teams and projects. good financial controls, secure ITsystems. good insurance cover and we malntaln adequate financial reserves. The trustees consider adequate resources will continue to be available to fund activities for the foreseeable future, there are no material uncertainties about the Charitys ability to continue operating, and it therefore remains a going concem. Auditor Xeinadin Audit Limited offer themselves for re-appointment as auditor in accordance with Chapter 2 of Part 16 of the Companies Act 2006. Trustee￿ responsiblllties in relation to the accounts The trustees are responsible for preparing this report and finan¢lal statements in accordance with United Kingdom Generally Accepted Accounting Practice, Accounting Standards and applicable law. Company law requires the trustees to prepare financial statement5 for each financial yearwhlch give a true and fairview 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 consistently, observe the methods and principles in the Charities SORP, - make judgments and estimatesthat are reasonable and prudent, State whether applicable UK Accounting Standards have been followed, subject to any material departures explained in thefinancial 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 Charivs transactions, to disclose with reasonable accuracy at any time the financial position of the Charity, and to enable them to ensure financial ststements comply with the Companies Act 2LTr)6. They are also responsible for safeguarding the Charlty'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 aUd￿Or 15 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 information. This report was prepared in accordance with the special provlslons relating to small companies and approved by the board on 17 August 2026. K Elmitt (Trustee) CORPORATE DIRECTORY Company Registration Number 2585745 Charity Registration Number 1012566 Trustees K Elmitt (Chairl D A Aanderud M J Knell l M Linton R Moffat P N Maclnnes (until 15 July 20251 J L Richards (from 7 March 2025) Chief Executives P A Bancroft M D Jones Principal Address PO Box 1445 High Wycombe, HP12 9BU Registered Office 5 Robin Hood Lane Sutton, SMI 2SW Auditor Xeinadin Audit Limited 5 Robin Hood Lane Sutton, SMI 2SW Principal Bankers Barclays Bank plc PO Box 23 Northampton, NNI 4YD CAF Bank Limited 25 King5 Hill Avenue West Malling, ME19 4JQ FRONTIERS STATEMENT OF FINANCIAL ACTIVITIES (In￿rPOralIn￿ an InMme & exp•ndltur• a¢¢ountl for tha J•ar 0nd￿ 31 Dec￿1b•r 2021 ICOIIE & ENDOWMENI¥ DonalkM8 & *ac468 Charitabk aLM88 336.857 I.526.1￿) 1.862,957 261,235 1,432,088 1,693,321 7.686 7.686 21,912 21,912 14,727 373 496 1526 100 1.899,$96 Inv88kn8nt Inwk• 16,542 18,542 Total *Kom• 285,463 1.432.086 1.71Z.549 ExpeNDmJRE Rath Chrrtab￿ 8ctivtho8: 27.789 2,$36 >).325 2,119 31.477 Progrommo d•v¢lopm•nt & WJFWI Inforrnthn &odu¢8b'on 320.403 1.512.104 1,862.507 41386 282tr2 7Q,648 281.240 1.446,461 1,727.701 50.342 78.276 40,0ts7 monog0ft￿t &&Jmv)istrthn 26.726 7.137 33,863 3T,207 TO￿ •xp•ndhu 447,304 1A50,039 1.997.343 398 147 1.479.314 1.8fT.46t N•t(oxpwndltur•l 1730081 P3.9391 197.747) 1112,684) (47.228) 1759.912J Fund5 brO￿ht1p￿ 857 219 115.750 972.969 W,903 162 978 1132 881 Funds fonvard 783 875 Conyany hRd no gdrrf or b•so8 eknerthw ¥bovefcreithorfirAncid ￿0r. 71* pAg8s 12 to 18 fom pgrt FRONTIERS BALANCE SHEET At 31 D•¢•n*w 2025 aB80ts 791 10 149,939 15&W22 IrN8gtrnertB 172.470 IB682 cuhatb￿nk @nd In hwnd 226,362 549,631 491.523 627,616 Cr*lKcn'. kntyJnt8ldUrvJ du8YlVth on& wr 12 NEf CURRVff *ASETS 116,857 482.470 12 1843,2811 TOT￿ Ass￿$ 14 FUNDS G•Mralfvnd 237.963 Gnatsd fvndB 13 783A11 857,219 13 91.811 115.7TrfI TOTNL FUNDS 875 972 ThOrn￿dej 4t•t•nhints on p•g•• 9 to 18 h4Y• wpar*d in 8CLwd*n¢wvrith th& 8p*¢W ofPwt 15of the ComwlesArl2￿ rdthu tsi smdl carnpBn￿. ThBywerB approvad bythe buardofdirBcbJnB on 17Au 2026 aTrJ ar8 slwBd cn th8* bqtAlf by. K 8mltt tMreL*)r FMti¥r$ 10 FRONTIERS CASH FLOW STATEMENT for the year ended 31 Do¢amber 2025 2025 Cash loutfithy) frrAn athltt&8 16 19.358 136,034 Ca•h Il¢M8 from In¥Mtlw actlvttlm: Invthnent Inc￿ 14.727 16,542 Proceeds frC￿ di8P06al oftangitAe fthed a￿ets P8yYnents on tawlbl¢ fthd addthnB 382 1281.2871 (4W) Cash Iu80d Inl l by invèstsrnnt activ￿•# 248.015 16.504 N•t kfflowl louuow) 1265,3731 {119.530J Cafh and cash equwalents atthe teginning oflhe year 664.205 783.735 Cs*h and u¥h equfvJlgnts •tth• •nd ot th•y•ar 11 FRONTIERS NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2025 1. ACCOUNTING POLICIES Frontlers is a charity and company limited by guarantee and Incorpor*od in England and Wales. The r8glstered office is 5 Robin Hoc>d Lane. Sutton. SM1 2SW. Basls of proparation The Charity is a public benefrt entity. The flnanclal statements are prepared in compliance with the Compani85 Act 2006. the Charities Act 2011, Financial Reporting Stsndard 102, and the Charities Statem8nl of Recommend8d Practlce {FRS102). The financial statements have been prepared under the historical cost convention apart from investments, which are stated at falr value. and are prepared in pounds sterfing rDund8d to the nearest pound. Th8 principal accounting poliGi8s. which hav8 been applled consistenljy, are des￿￿ed below. At Ihe lime of app￿n9 th& flnanclal statsments. the twstees have a reasonable 8xpectalion that th8 charity has adequate resources to contlnue In operatlonal extstence for the foreseeable future. Thus the trustees continue to adopt the golng concem basis of accounting in preparing th8 financaal statements. Fund a¢￿untIng Incoming resources for Specific purposes dec18red by donors are hold soparat8ly as restricted funds. General reserves ara Unr￿triCted funds avallable for use at the trustees, discretion in furtherance of thé Charity's charttable objectives. D8signated funds are set aslde by the Irustees for specific purposès. Income Income is recognised when entitlement is gstablish8d. recelpt Is probat4e. and Its amount can be quantifiod with reasonablg accuracy. Donated good8 are included in incom• at th8ir mark8t value whon r8ceived. fima donated by volunteers is not r8cogni8ed in thè financial statémants, but their significant contribution 1$ discus8ed in the trustees, report. Individual members make contributions to the general funds of the Chartty out of the gift income they racelve at a rale of 5% for UK-basad members and projerts and 10% for m8mbers based overseas. Expenditure Grant payments to third parties are accrued once the recipient has bean notrfied of the grant award and where any unfulfllled undttlons attaching lo the grant are outside the control of the Charlty. Olher expenditure is recognised once there Is a legal or constructtve obligation to m8ke a payment, is probable that seWement will be required. and the amount of obllgation can be measured rellably. Expendlture 18 accounted for on an acuu818 basls and apportioned botsveon th8 costs of ralsing funds and charttable actlvltles. Charltable acilvitles expendituro is further analysed batween programme development & support, Inforniauon & educatlon. and manag&mont & adminlstratlon. a8 descrfbed in notas to the accounts. Expenditur& apportlonment Is based on an analysis of lime spent. 12 FRONTIERS NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2025 l. AccouKfiNG POUCIES {¢ontlnued) D•praclatlon Depre¢iation 1$ provlded to wdte off the cost of tangible fJx6d assets over thelr estimated useful economlc lfves, as follows: Building servi￿$ Fumlture & other equipment 10 years 3-5 years No depreciation is provided on freehold land and bulldlngs. The trustees have a policy of maintalning thè propèrty to a high standard which prolongs ils usaful life and enhanGes 115 resldual valu& and accordingly consid•r any dopreciation to be insignfflcanl and immaterial. Propertles ar6 r8view8d annually by the trustees for any impairment of value. Investments Financial assets corv4ertible into cash wlthln 3-12 months are defined as Short-term investments. Debtors Debtors are recognlsed at the settlement amount duo after any trade dlscount offered. Prepaymènts are valued at th8 amount prepald net of any trad& discounts due. Ca$h at bank and In hand Cash at bank and in hand includes accounts held al call w￿h banks and cash In hand. Cash equivalents include monies available within 3 months withoLrt Inlgr&st penaty. Cr•dltor8 and provlslona Creditors and provi8ion8 ara r&cogni$ed when the Charty has a18gal or conslructiV8 financial obligation that can be reliably estimated for which payment is expected to be made. Flnanclal Ingtruments The Chartly has financial assets and liabilities only of a kind that quallfy as basic financial Instruments. These are intlially recognised at transaction value and subsequentty measw8d using amortised cost on the effective interest rate method. 13 FRONTIERS NOTES TO THE FINANCIAL STATEMEKrs for the year ended 31 December 2025 2. DONATIONS & LEGACIES nrestri Fun 024 Donations and lega￿e6 Contrbutions from members 193,088 143.769 1,526,100 1,719,188 1.557,754 135.567 1.526,100 1,861957 1693.321 3. INCOME & ENDOWMENTS FROM CHARrrABLE ACTMTIES These comprise income from training events, book sales. a hospitality house and short-temi a¥signments. Th& primary aim of these actwtties is to a8SiSt members preparing to go overseas and to raisè understanding of the Charity's activities arml OpF¥)rtun￿8S fty service. 4. EXPENDrruRE ON RAISING FUNDS Most voluntsry inGome generated by members on an unpaid voluntary bas18. Costs to the Charity ol generating voluntary income are thos8 incurred in seeking donatlons and do not indude the costs of disseminating general rdomation ablxrt the Charitys actsvits8s and opp(Kiunities. 5. CHARrrABLE ACTivrriES Programme development & support expenditu￿ from restrictgd fvnds comprises gifts lo members and proj*s, In Ilne wrih donors. wi$hes. Such expenditure from unrgStriGtsd funds cornprises the costs of provldlng support and tralnlng to FYospectlv8 arml current OV8r8eas members. Inf(￿allOn & education expenditure comprises the costs of raising awareness of the need8 and opFhJrtunities for servic8. through the website. video and podcast resourc88. Ilteratura, confarences. and other events. 6. RELATED PAirriES ReLated parties are the trustees. key management parSL￿ne1 (considered lo be the chief exewtrve5) and their Glosè famity membery6. Trustees receive no remuneration for their services and no tNstaes' expenses were incurred {2024: nil). In 2025. total t￿lpenSatiOn pald to the chief executiv8s was £23,821 (2024: £52,099}. No other r8latgd party transactions require disdosure (2024.. none). 14 FRONTIERS NOTES TO THE FINANCIAL STATEMENTS for tho ￿ar •nd•d 31 D•cambar 2025 7. EXPENDITURE Raisin rarnme Info ds develo ment su 8ducation adminls 2024 Mwnb&r support F￿ld projects Office runnirwJ Gosts Fronders Inlem8tional Office Training & confarancos 24.435 1.636.938 113.526 27,620 33,246 26,719 14,239 SJ.405 15.405 1.727.241 113.526 41.473 39.682 27,653 16,859 11,174 6.300 4.595 1,579.596 147.840 38.833 36,814 15.527 1&539 12.526 5.940 5,298 7,331 3,015 6,202 4,052 3.574 6.436 357 1.099 153 1.117 1,368 9.102 Wèbslts & modia Govemance costs: audlt fee House running costs Leg81 & prOfes￿Onal fees Other expenses D8pr8ciation 4.595 55 329 2.858 1.813 493 2,860 364 3.770 5.070 30 325 1862 507 33 863 1997 343 Com Re8lricted funds Unrèstrtctwj funds 2,536 1.612,104 27.789 350.403 30 325 1862 507 28,262 42.386 7,137 1.550.039 26,726 447,304 33 863 1 997 343 1,479,314 398. 147 t 8TT 461 Tolals in 2024 31477 1727 701 40 007 1877 461 8. EMPLOYEES 2025 2024 Sal8rt89 Ernplffjprfs national insurance Em￿o￿ts p8nsion ￿nIribLEti9Trs 331,217 23,437 8,370 343,862 21,44T 8,037 Avwaga nurnb8rof 8mploy8es Averago numborof fulktime equNalent employees 17 10 19 11 No am￿0￿ recgjved bgngffts excawjlng £60,000 In gltheryew. Tho Compfjny operates a dellned contrlbuuon penslon $theme. ContrthJutions of £2.272 (2024.. £2,596) were oUts￿ding at the year end. 15 FRONTIERS NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2025 g. TANGIBLE FIXED ASSErs Total COST At 1 January 2025 535.525 1,114,512 29.346 3,29] 564.871 1.117,762 2,593 Disposa18 At 31 DeCem￿r2025 1650 037 DEPRECtAMON At 1 Januory 2025 PrOVi￿On foryear Disposals At 31 Decentsr 2025 48,652 2.172 25,720 74,372 5,070 2.048 BOOKVALUE Al 31 Decern￿r 2025 1599213 1602 646 At 31 Dec&mb•r2024 486 873 10. DEBTORS Arnounts falling due TMtNn oné y8ar Lxtter Frontiers office8 Accrued income Grft Aid recoivable PrepaYr￿nts and otherdgbtcqs 53,997 37,471 31,072 27,399 58,677 38,713 35,374 23,858 11. IMVESTMENTS 2024 Amwnts falllng due wlthln one yoar. Deposits ￿th finanu81 in8titutiun8 172.470 172470 772.682 172882 11 CREDrroRS 2025 2024 AM￿nts falling du• within on8 y8ar. Members and projects Other Frontiern offices S8cur8(1 loan other ¢78ditor8 360,839 36,190 13,194 23,551 433 774 286.586 31.409 21.153 ArrKiunts falling du& after ono wr. S8cure