Company fegistration number 03631207 IEngland and Wales)
Ch14rity registratlon Th￿iber 1071823 (England #nd Wales)
EUROPEAN MISSIONARY FELLOWSHIP
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

EUROPEAN MISSIONARY FELLOWSHIP
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Rev G.N. Burke
Rev D.M. Grimwade
Mi G Hill¢
Rev D.L. Moore
Mr N D Pountney
Rev S. Quinlgn
RevAWJ Steven5
MT L Coates
Mis F R Barker
Mr K J Hanna
Secretary
Mr G Brienza
Country of incorporatlon
Uniled Kingdom
{EngL4nd and Waks)
03631207
Charity registration
England arKI Waks
1071823
R•glstsr•d offlce
41 The Poinl
M8ikel H8rbortsu9h
Leicestershire
LE16 7QU
Auditor
Cunninglons & Co Limited
Edward House
Grange Businèss Park
Whelslone
Leicester
LE8 6EP

EUROPEAN MISSIONARY FELLOWSHIP
CONTENTS
Pagé
Trustees, rewrt
Independent auditorfs report
9- 11
Slalement of fina￿￿al actiwties
12
Balance sheet
13
Slalemenl of cash llows
14
Notes lo the financial slatements
15-27

EUROPEAN MISSIONARY FELLOWSHIP
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2025
The trustees present Iheii report and financial statemenls of the Eutopean Missionary Fellowship IEMFI lor the year
ended 310ecember 2025.
The financial slalements have been prepared in accordance wth the a¢xounling poficies sel oul in note 1 to Ihe
financial slalements and comply wilh the charitable companrfs Artides olAssociaiKJn. the Companies Aet 200S and
'Accovnling and Rèporting by Charities.. Statement tsf Recommended Pradice applicable to charitie5 preparing Iheir
accounts in accordance wilh the Financial Repgrting Standaid applicable in the UK and Republic of Iieland IFRS
1021. (published in October 20191.
ObJectlv•s and activitie$
The primary objective ol EMF is to promote the Gospel of the Lord Jesus Christ lo the ￿Ople of Europe and lo do
so in co-operation with all other evangelical Christians and the Evangelical Christian churches who agree wilh the
doctrinal slalement of EMF. This is accomplished by providing financial rèsources, together with spiritual counsel
and support to men and womèn who know themselves lo have been called by God foi Ihe proclamation ol the
Gospel ol Jesus Christ. In so doin9. the second objective of EMF is accomp115hed wh￿h is lo advance Ihe Chiistian
religion ftsi the benefit of the public and in accordance with the doctrinal 51alement ol EMF Ihrough the holding of
prayer meelin9S, training, lectures, produ(ing andlor distributing literature on Ihe Christian faith to enlighten others
about the Christian ￿lIgIOn.
It is envisaged that financial suppori wsll idealy be temporary in natuie and thal churches established through the
preaching of the gospel will in due time adopt the financial needs ol men and women pieviously supported through
EMF. This charily is therefore an agèncy sou￿1n9 funds largety Irorn thurd)es and individuals within the United
Kingdom, pioviding support lo missionary members of EMF preaching on the conlinent ol Europe. Being self-
employed or èmployed by churche5. these people initsalty receive finawal donations and spiritual support from
EMF, bul in liffle it is expected that Ihis will be repi8ced by support fr(*n Iwl churches established through the
preaching of the gospel.
EMF is also involved in a number ol addrtional, though relaled. areas of ac11￿ty..
Financial support is OCCaSbonally piovided on an indiwdual proied basis tr* assist, for example, in the
constructN)n ol buildings to house indigenous national evangelical churches. or to assist in the renl or
purchase of accommodabon for missionaries.
EMF 15 committed to supporting training and ha$ established a Training Fund lo support potenlial sludies in
ministry training particularly, though not exclusively, for a tsyo-year ￿Urse Ihrough London Seminary.
Through Ihe year. e studenls were supporled in their training.
Funds are provided for the tranS￿lI0n. publicatKJn and distritAJtion ol Chiistian literatufe in Europe. A
Lileraluie Fund has been established exp￿$Sty for this purpose.
Funds are provided lor ouireach work in Europe. An Oulreach F￿d has been eslablished expressly for Ihis
purpose.
As a result of the outbreak of war in Ukraine in February 2022. an EMF Ukraine Emergency Appeal has
been established to assisl evangelical churthes in Ukraine lo administer aid to refugeès and lor the
distribution ol Chrislian literature. During the year ended 31￿ of December 2025 EMF received £151,398 in
donations and had made £1￿.867 in Granls lo the Ukiaine and neighbouring ¢ounlries. In January 2024
the EMF Execulive approved the establishmenl ol Ihe 'EMF 4".14 Initiative, {relerring to Ihe Bible verse
Eslher 4..14- for such a tin7e a this) to support gospel workers in Ukraine. Through Ihe year 2025, twenty-
o Ukrainian gospel workers have r￿1Ved support.
In accordance with EMF'S objeclives, a signrficanl proportion of fesovtce5 is expended by way ol grants and is
subsequently divided into missitsnary supporl. and inlo the cost of the other related areas ol aclwily as mentioned
above. The grant-making policy of EMF is lo ¢onlinue to support the work ol Promoting Ihe Christian religion in
accord8nce with the CharIt￿S objectives subject lo any restrictions imposed by the original donor Of the funds.

EUROPEAN MISSIONARY FELLOWSHIP
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Excluding the Ukraine Emergency Appeal noted 81)ove. this year, EMF paid grants in lurtherance of the charity's
objectives amounling lo £842.519 Icornpared to £823.857 in the prewKJus yearl. The charity benefits from the
voluntary setvices ol a nurllber of helpers and in many ways. For example. during 2025 voluntary servi¢es were
received particularly in rèlation to the preparation of Ihe Vision for Europe magazine, in assisting with adminislralive
duties. and with regard to representing Ihe work of EMF in church mÈets"n9s al conlerencès. Many indi￿d￿81$ and
churches throughout the UK volunlarily assist Ihe missionary deputatlon p￿graMMe by organising meetings and
conferences and providing hospitality and transport. Voluntary help 1$ 8150 provided to publicise the work of EMF in
Australia.
Public benefit
Thè Iruslees have paid due regard to guidance issued by the Charity Commis&on in deciding what activitie5 the
ch8Titable company should undertake.
Achlovèments and pèrfomianc•
The Executive Committee plays a cruaal role in overseeing Ihe woth and met for its ￿ular quartady meetings. It
was supported and informed by the Busine55 Sub-commiitee, the Training Fund SutFCommittee. the Literalure
Fund SuiFCommittee. and the Ukraine Emergency Fund SU￿CoMmIttee. A new Oulreach Sub-committee is being
established lo manage lunding of ovtreach work in Europè. A deasion has been taken that going forward the
Executive Commstièè will now meet three times pèr year rat￿1 than quarterty.
No new trustees were introduceil lo the Execulive during 2025. One trustee has retired.
Missionarysupport
At the end 012025 a total of 96 missionaries in 19 Countries werè in fellowship with EMF. Thrèe new missionary
couples and one single missionary were introduced into EMF in 2025. six missionary couple5 lof whth one
missionary has died) 8nd two singles were retired {(Y rKJ longer ￿nSIdered adive miss*)naries).
Details of those bodies and individuals who received finani>81 sUPPOrt are available on request from the rnis5ion
office. Throughout 2025 support for thesè missionarie$ ha5 been maintsined. ￿ continue lo work lowards
churches 18king more respon5ibilily for thè suppori of missionaries. The u)nlinuing econom￿ pressures in many ol
the countries we work with has meant that prog¥ess in thi5 is slow.
EMF has provided pa51oral support for rfs missionary family in variou5 ways. both individually and colle¢tively. The
Field Director 8nd other senior slalf have carr￿d out a number of pastoral visi15 lo missionarie5 in the field. Online
missionary prayer meetings lake place once a month. Opportunities for orvjoing training and development have
been made available lo all missionaries Ma courses run by London Seminary.
Church and SupporterEngagefflent
Deputation work and conference5 have taken place in both the spring and autumn of 2025 across the UK. Regular
online webinars with strong conlenl and good attendance continued throughout 2025.
Supporl for the work ollhe mission. whelher in financial lemis. or in prayerful intere51, inuèased durtng 2025, which
can be attributed al least in part to these efforts to engage in new ways with the svpw1 base.
Since the fulkscale war in Ukraine began in 2022. the EMF Ukraine Emergency Appeal has been exiraordinarily
well suppori¢d by churches and indiwdual supporters. Suppori the 4..14 initiative has ¢onlinued through 2025,
though al a lower rate.
Llterature work
EMF has ¢onlinued to support lileralure work in Spain with Editorial PewrirK*, in Poland with Legatio and in Italy
wrth Coram Deo. EMF supports Ihe missionaries who manage the Work. subject to the continuing activities of the
publishing houses being acceptabie to EMF. The exislence of the Liierature Fund allows lor direct support towards
covering the ¢0s15 of publishing rwi titles.
Tralning forMl$$lon Work
In 2025, the Training Fund Sub Commitiee met on four occasions lo discuss the ongoing work of training lor rnission
work. Six students were supported, fully or partialty. for trainin9." one was with London Seminary, four allending the
artin Bucer Seminary in Porlugal, and one wlh Union Sthool ofTheology in Bridgend, South Wales.

EUROPEAN MISSIONARY FELLOWSHIP
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDEO 31 DECEMBER 2025
Ukralne Outreach projects
Donalions amounting lo £196,866 wem made to humanitarian aid and ev8ngel¢stic outrea¢h in Ukraine.
Outrèaeh work acmss Eumpe
Grants amounted lo £798,323 were made for oylrea¢h work across EuroFe (excluding Ukrainel.
Church bulldlng projects
Donations amounting lo £30,874 were made to building projects in Spain. continue lo aid some churches with
rental payments lor their buiklings.
Fundralsing practices
European Mission Fellowship {EMF) is comrnitted to mainlaining high standards in its fundraising aciiwbes, ensuring
Iransp8rency. accountability. and adherence to elhKal prinuples. Our fundraising approach aligns with the Code of
Fundraising Pr8¢lic* and compliès wrth all le￿vanI legal and regulatory requirements, induding the Charities
(Protection and Social Inveslrnenll Act 2016 and General Dala Protection Regulalw)n IGDPR).
Fundrnising Methods and 0￿rsighI
Our general lundraising engages in a variety of targeted fvndraising actNities induding granls, individual giving.
church partnerships, Trusts & Funds, and legacy giwng. The Board ol Twslees provides strategic oversighl,
en$uiing that all lundraising efforts support thè charitls mission and values. As EMF Seeks to grow ils work. the
need for additional fundraising is being addressed primarity Ihrough the deputalion ptO9ramme, attendance 81 in-
person ¢onfeiÉnces and onlinè webinars. the dislributK)n ol news updates and publicity lincluding on socjal media},
and the preparation of new publiaty material. We do not engage in unsolialed or high-pressure fundraising
techniques and EMF doe5 not work wth Ihir¢*party fundraiseTS. EMF is rK)l subiect to an underlaking to be bound
by any volunlary scheme for regulating fundraising - except by the Furthigng RegulaloT lo which we subscribe.
We comply with the requiTemenls ol thè Fundraising Regulator.
Pmt&ctAng Supporters and the Public
We are committed lo protecting donors and the puNic. parti¢ulady wlnerable individuals. from unreasonable
fundraising practices. Our poliues ensure th81811 (x)mmunKalions are dear. iespecfful. 8nd Provide supporters with
easy ways lo opt out of ftjrther ¢ontaci.
Complaints and Monitoring
We maintain a robust complainis process to address any con¢ems related lo our fvndraising actNiiies. Complaints
are reviewed regularly by sènM)r managemenl and reported lo the trustees in line wrth our ¢omplaints policy. No
complaints have beèn re¢eNed by EMF in 2025 alxtrul its fundraising adi￿.11es.
Financial TranspaTrncy and EthKal Standards
We are committed lo Ihe responsible usè ol lunds and ensure thal all fundraising cosls are proportionate lo the
inwme generated. Whilsl EMF does not routinèly engage in speofic luftdraising projeets, all supporter donations
are discloseil in our financial statements as are Ihe full details of our lundraising incorne and expenditure. We
regularly review our income generation and management strategie5 to ensuro the financial viability of the charity.
EMF upholds ethical standards ol operations in line with our fundraising policy.
Financial review
Total incoming resourc¢$ received during 2025 were £1.274,311 12024 - £1.476.135}. In¢luded within these
incoming resources were reslticted funds amounting lo £752.703. whilst incoming general and designated fund5 fell
by 15.79.￿ to £521,608. Lega￿e5 received amounted lo £53,559. During the rèporting period, 10181 expenditure
amounled to £1,588,034 (compared wth the p￿vIOuS year of £1,506,609). This level of expenditure induded use of
restricted funds amounting 10 £1,OCKJ.973. Expenditure from general and d&signated funds was therefore £567,￿1.
The trustees consider that EMF has adequate resources to fulfil 115 immediate future obligations. We Continue lo
seek Its ¢onlrol expendilure where p0$5ible without jeopardising EMF'S ability lo fuffil its aims and objectives. The
work of 5UPPOrtin9 missionaries is regardeil as a long-lerm commitmenl and further fundiak%ing will be needed to
finance actiwlies lor the longer lem7. This 15 bein9 addressed ptimarily through the deputation progfamme.
attendance at iTrTrperson conferences and online webinars. Ihe dislributkin of news updales and publirity, and the
prep8ralion ol new publicity material. Efforts are also being made lo apply for grant$ from Trusts and Funds. Staff
numbers have incrèased during 2025 in order to help fulfil ihe5e goals.

EUROPEAN MISSIONARY FELLOWSHIP
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Ros&rves policy
The trustees have established a general ieserves policy to ensu￿ that EMF can ma￿MIse the programrne irnpacl
lor beneficiaries and maximise the value of nel income. General reserves prowde some protection lo the
oiganisation and charitable programme and prO￿lde tirne to adjust to changing finan￿31 circumstance$. This limits
the risk to the programme in the evenl ol a downturn in some of EMF'S variou5 sources of income or an unexpected
need for addititsnal expenditure. This policy also provide5 pararnelers for lulure slrate9ic plans, contiibules lowards
decision making, and influences EMF'S ways ol working. EMF aims lo keep in reserve funds representing
approximatÈty six monlhs of total expèrKIttuTe.
As shown in the notes lo the finan¢ial statemÈnls. after exduding amowrts retained in fixed assels, EMF had free
unrestricled reserves of £2,524,407 al 31st December 2025. of which £nil has been designated by the Iruslees for
parti¢ular piojects. The balancè of free ieserves rep￿SentS approximalely 159% of the level ol total resources
xpended in 2025 and provides EMF with suffirjenl comfort lo enable the conlinuanee of ils activities. EMF'S
investment objeclive is to maximise the ielurn on its inveslment funds while maintaining maxirnum seourily and a
high degreè ol liquidity tts allow a rapid response to uigenl needs as they occur. To meet this objeclNe, the EMF
continues lo hold ils deposits in curcenl and savings accounis. The EMF ￿veStn￿nI ftJnd5 established in 2019 did
not perform particularfy well in 2025.
Principal funding sourcgs
The principal sour¢es of funds for Ihe work ol EMF are the gifts of supporbng chui¢hes and individua15. Granis from
Trusts and Funds are becoming morè 5ignrfunt. Legac4es form an imporfanl but unpredictable additional sourGe of
income. It remairbs an objective of Ihe Trustees to dose the gap be￿een intome from donations and expenditure.
The global e¢onomic situation continues lo affèct EMF'S finan￿al posilion, particulady thi(>ugh rising costs. The
Trustees have assessed the major risks to whiGh the charitable o)mpany is exposed and are satisfied Ihal syslems
are in placè lo mitigate exposuTe lo the major risk5.
Rlsk $tatem•nt and plans for the future
The purpose ol this statement is lo gwe readers of the truslees. annual repotl an ins￿ht into how the ¢haiily
handles risk and an undersianding ol the major risks the chanty is exposed lo. In il we, as tru$lee5, have also laken
the opportunity to evaluatè and comment on further developmenis of tisk management proceduTes being
undertaken or plannèd.
The twslees of EMF ackno¥￿edge their umimale responsibilty for Ihe risk management of EMF and Ihe subsequent
development, ieview and implemenlalion of the risk reglster atKI risk policy. ThÈse risks a￿ reviewed on a regul8r
basis and are included in the trustee meetings, ensuring all aspects of the charitys work are Covered. Syslems and
Procedures have been established lo mit¥Jale the risks the chafity faces.
As part of Ihe ri$k idenlthcalion proces$ 8 risk pcltcy has been drawn up stipulating the obligations of EMF with
regaids lo the identification and implemenlalion ol appropriate and rèasonable measures in the pievention of fiaud
and mitigation of risk. It is reviewed al least every 2 years as ale other policiès such as the Safeguarding. GDPR
and Finance. A risk register has also been established and will be reviewed annually or when significant levels ol
risk ehange.
Any rnajor areas of risk have been idenlified, assessed and where possib￿ reas0Trab￿ mrtigalions have been
eslablished lo reduce the iisk lo acceptable levels.
The main area5 of risk have been categorised as Govemance. Operatims, Safeguarding, Finance. Exlemal and
Regulatory risks. Over the past 12 months the foll0v￿n9 specific events were noted as bèing polenlial areas of risk
and a potential negative Impact on the effecliveness of EMF.

EUROPEAN MISSIONARY FELLOWSHIP
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2025
ulliple Stall appointments.. Operalions Diieclor {ODI", Church Patlnership Directoi ICPDI: Operalion5
Assistant 10A1,' Communication$ & Engagement Manager ICEMI.. Northern IreLand Youth Developmenl
Lead INIYDLI,. Ukraine Lead IULI". Communications Assistant ICAI.. Fiehl Diredor IFDI ￿placeMent - to
come Into effectApril 2026.
Staff deparlures.. Communications Lead (CLI did not rètum after malemity ￿8ve (Juty 251.. Ukraine Lead
volunteer retiring aftèr many years ol seMcE lo EMF (Nov 251.. not￿2 lo retire of Ihe existing FD planned
for May 2026
Unsatisfactory performance of CRM
GDPR overhaul in Ihe CRM
The stepping down 011 trustee- Nov 2025
Large budget def￿¢ planned for 2026 and subsequent years for gro%￿h and lo use invested funds
3 new missionaries appointed during 2025. S new missionaries approved for Jan 2026 start
The death of one missionary in May 2025. relirement of 6 mi55ionary couples and 2 singles.
As most ol the significant events have involved staffing, EMF has invested heavily in lime and money lo ensure
srnoolh Iransilion in and out of sialf. Policiès have been put in place and been updated where necessary, and
advice sought from èxlemal agenaes where nèeded. All new staff were piowded with contracts, staff handbooks.
knowledge of policies. and rèlèvant training. EMF ha5 run an HR overhaul this year and has tighler procedvies for
taking on new staff in line with Safer Recrustrnenl slandards. Teams have ￿en created which have slrenglhened
delivery across EMF'5 platform5 and regular departmental team meetings and whole slaff tneelings have been held.
EMF has eSta￿1shed regular management and senior leadetship team meebn9s and a robust 51aff structure is in
place and available for all to see wrth regards to Health & Safety and risk responsibilities. EMF ha5 established thi5
ye8r, an annual review lor slaff which will be implemenled early in 2026. Thls involves looking at each staff
member's work over the lasl year and Ihe selling of aspirations lor the coming year. There is an anonymous
feedback from for managed staff to complete on Iheif managers.
A health and safety IH&SI ovèrhaul has been completed during 2025 ensuring compliance and risk redvction. An
external paty was engaged for this and work with the operatKJns team and a Iruslee, ensured a timely and
complete policy and prowlure is in ￿a¢e.
The Ios5 of Ihè CL necessitaled a restructured approath and a new COw￿nunlc￿IonS team has subsequenlly been
(yealed and EMF is investing in gfealer engagemenl and Social media presence. Dèspite Ihe Ios5. overall EMF has
illcreased stath.lity and strategic planning for Ihe fuiure in the area on coMmun￿all0￿$.
A long-time volunteer reliied in the second hair of 2025, and Ihe Iruslees ￿8￿.sed Ihe neeessily ol appointing 8 paid
employee to continue and grow the Ukraine Lead role. Ukfjaine continues lo be a key projed for EMF and brings in
funds and supports many wothers in the area. The outcomè oUts￿ighed Ihe risk of an additional staff member. This
role has come under the newly formed CommunKations le8m.
The FD gave verbal intention lo ietire in the late spring of 2026. An inlemal applicant was interested in the vacancy
and a lull and thorough applI￿110n and intervièw pro¢ess wa5 taken. The appointment of thi$ individual to the role
greatly increases continuity and lowers Ihe risk of such a position change. This employee wll cOrnMen￿ the new
role in April 2026 which necessilales the appointment of a ieplacemenl Northern Ireland INII rep. Acthowledging
this is a vital role in EMF'S income and thurch partner engagement. an advert was placed lale 2025 with a hope Ihal
a new candidate could be in situ by the end of February 202fj to milj'gate against any negatTve impact of a job
handover. The Iruslees viewed thi5 as the best outcome consideiing the key nature ol both the FD and Nl rep roles.
One of the key areas EMF recognise5 as wtal to its functions. is in cuslomer comfflunication and accuia¢y of data
captL•re. Due lo the promotion ol Ihe existing finance and operations assislanl. a new operalions assistant was
appointed to ensure conlinuily of communi¢3tKbn wrth donors ￿gardIng donatsoThs. This iole has also been key in
the GDPR overhaul and general dala deansing that has commenceil and 15 ongoing in EMF'5 Cvslomer Relalit>n$
Management ICRMI syslem. There is a need for greater effiaency and a subsequenl change is required lo EMF'5
CRM. This is an area we are hoping lo progress in 2026. during 2025 preparation has slarted to be made lor this
evenl.
EMF realises Ihal new staff can bring inslability and it has therelore sought to milKJate against any specific risks
arising from the changes. EMF has had 3 in person staff relreals during 2025. to I￿ng the team logelher, as Ihe
remote nature ol the work can bring some i501ation to staff and EMF recognises an increased risk this brin9s lo new
staff joining. Clear locus areas and wllaborated diarie5 have helped alleviate these risks. EMF from January 2026
has moved to a total digiial diary system to aid Ihe booking ol events and meetings.

EUROPEAN MISSIONARY FELLOWSHIP
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Thè Iruslees also acknowledge that the reduction to rts number of trustees over the last 2 years is 8n area of
inoieased risk for the lellowship and 2 people have been approached wth a vièw lo joining the board. Applications
will be progressed in coming monlhs. Risk ev￿￿all￿n lor the onboaiding of new Iruslees has been compleled.
EMF has taken a slralegic approach lo look lo spend the money il has ￿VeSted from Ihè sale of Guessens some
years ago. Heavy investment has been made over the past 3 yèars inlo staffing and taking on new missionaries. A$
a result. a large deficit budgÈ1 is planned for 2026, gradually tapeiing to a neulral budget in 2030. This is an area ol
significant risk and Ihe trustee5 discuss the budget and ffinanual stalus al every meeting. Monlttly management
accounts are produced and reviewed by the Business subc0mm￿ee IBSC} on a morslhly basis. The BSC is rnade
up of ITuslees and staff representatives. A 5 year plan has been drawn upwith both realistic and aspirational income
lines and a projectèd overall balance is guiding decisions. EMF has a reserves policy and lo not ￿each thal. careful
monitoring and planning will be made. 11 was deaded that there would be a hart on the taking on ol any further staff
and missionaries (excluding the Nl repla￿ment rolè. 2 rbew fep roles and missionaries already in the 8pplicalion
processl. The iisk level remains high and very Caiefvl monitorin9 is needed. Contingency measures have been
considered should this become nècessary.
EMF has taken on 3 new missionary couple$ in 2025 and 5 MO￿ have been agreed for an eady 2026 slart. EMF
¢ognises the risk this poses financAally and the increased workload on Ihe slaff. These even15 were noted and the
trustee5 ale happy with the relained risk level.
To miligate again51 risks identified with IT, EMF continue$ lo work with an IT specialisl for day tts day and
troubleshooting help. This relationship 15 working well and fvrther work has been done lo ensure all IT aocounts and
payments ale on a 2-factor authentication system and all related bank cards are current. A pro-aetive approach is
being used lo analyse risk areas and look to impiovÈ systems as well as Kjentifying any polenlial Ihreats to cyber
se¢urily. This risk area 1$ now deemed to be al an acceptsble level.
EMF is planning 8 4-yearfy field confecen¢e in 2026. This is an aTea of signifieanl inveslmenl of both time and
money and staff are underway wilh the plans for it. This constitute5 a sigTificanl finanryal risk for EMF but il was fell
by the trustees that such a galhering of the whole EMF famity was necessary and they are happy with the resullant
risk level.
1115 the trustees. responsibility lo review procèsses and procedures rewlady lo ensu￿ risk levels are kept lo a
salislactory threshold and where areas of risk are recognised as ha￿￿9 increased or new ones are idenlffied, a
review of the risk registei and subsequenl rniligalions will be carrieil oul wthin a reasonable timescale.
Structure. goveman¢e and management
The charitable company is a company limited by guarantee wrth no Sha￿ CApitsI, incorporated on 14 September
1998. EMF is govèmed by ils Arlicles of Assouation, adopted on 21 July 2014 in subslilulion for, and to the
exclusion of, its previous Articles of Association. These were slightly updated in 2019 as we no longer own a
property. A copy can be oblained from the company's Miss￿n 0￿e.
The Iru51ees, who are also the directors for the pufposè ol company law. and who served during the year were..
Rev G.N. Burke
Rev D.M. Grimwadè
Mr G Hilton
Rev D.L. Moore
Mr N D Pounlney
Rev S. Quinton
RevA W J Stevens
Rev M R Thomas
Mr L Coates
Mrs F R Barker
Mr K J Hanna
(Resigned 3 November 2025)

EUROPEAN MISSIONARY FELLOWSHIP
TRUSTEES. REPORT IINCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Recniitment and appointment of twstees
EMF 15 administered and managed by Ihe Irustees. who are members of the charity for the purposes of the
Companies Acl, in ac(x)rdance with ilsArtides olASso￿allon. The followng organisalional structure is in place..
o￿anisatiOnals1nKtUre
1. Oirectors￿rUStee8
The direclors of the cornpany are thè chariVs trustèes. and they are thè body by which EMF is governed.
Throughout this report they are referred lo collectivety a5 the Injstees. The nufflber ol Iruslees musl not be less than
Ihree but is not subject lo any maximum. Appointment a5 8 Itustee is made on the recommendation of the existing
Irustees to a general meeting. Potential new trustee5 U5ualty altend at least tsyo general meelings on a trial basis
before an appointment is made. Such apwnlmen15 are based tsn the need for the d)arity as a whole lo have the
skills and experience to delermine the policie5 of EMF and to monrtor the imWemenlation of those policses. Trustèes
supplied with appropriate informalion lo enable them to fulfil Iheir dut*s and occasionally atlend independently-
org8nised Iraining courses.
2. Members
The Members of Ihe company are also known as the Executive Membus. This boty 15 ¢omprisÈd ol all trustees.
Members are appointed by a general rneeting ol the members. Members nwmally meet on a quarterly basis and
require a quorum of one half of Ihe mernbèis or three members {whichevei is Ihe greater) present in perstsn or by
proxy and entitled to vole on Ihe business lo be transactèd. Members have guaranteed the liabilities of Ihe company
up lo £1.00 {one poundl each.
3. Business Sub.¢ommSttee
The Business Sub-committee is made up of a group from among the truslees and 51aff who are deemed suitable lo
advise the full Board of Tiusteès On finanaal, management and administrative policy. Their responsibilits'es indude
ensuring that the risk manageTnent and control processes within EMF are effeclive. They too meèl tsn a quarteily
basis with ad hoc meeting5 a5 deemed necessary. Minutes of ihese meets.ngs are submrtted lo and approved by the
Trustees at Iheir executive meetings usualty weeks following a Bu$ines$ Sub Committee meeting.
4. Training Fund Sub-committee
The Training Fund Sub-commitlee is made up of a group from among the trustees and staff who are deemed
suitable lo advise the full Board of Trustees on the training ol lulure mission workers and on Ihe financial.
management and admini51ralive policies associated with the Training Fund. The Tiaining Fund Sub-commillee
meets on an ad hoc basis a5 deemed necessary. Minules of these meethgs are submitted lo and approved by the
Trustees al their executive meelings.
5. Literature Fund Sub Committee
The Literature Fund Sub-committee is made up of a group from amorrtJ the trustees and staff who are deerned
suitable to advise the full Board of Trustees on the translatiorh. publication, and distribution of Christian literalure in
Europe and on the financial, man8getnÈnt and adminisirabve poliues associated wilh the Lileralure Fund. The
Literature Fund sU￿COMmIttee meets on an ad hoc basis as deerned netsssary.
6. Ukraine Emergency Fund Sub4ommittee
The Ukraine Emergency Fund Sub-commiltee is made up of a group Ifom among Iru51ees and staff who are
deemed suitable to advise the full Board ol Truslees on matters relating lo the support ol gospel WOTker$ in the
Ukraine in view of the war wilh Russia. The Ukrainè Emergency Fund Sub-comrnittee meets on an ad hoc basis as
deemed necessary.
7. Company Sècretsry
The ¢ompany 5eGietary is appointed by the Iruslees.
RemupTreffjlitsn policy
The pay and remuneration of key managemènl personnel are sel by the truslees.

EUROPEAN MISSIONARY FELLOWSHIP
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
statemènt of trustees. rèsponsibilities
The Iruslees, who are also the directors of European Missionary Fellimship for the puTp05e of company law, a
responsible lor preparing the Tru51ees' Report and Ihe finanryal statèments in accordance with applicable law and
United Kingdom Accounling Standards (Unileil Kingdom Generaly Accepted Acctyjntrng Pract￿1.
Company18w requires the trustees Io Pfepare financial slalements for each finanrial year which give a true and lair
view of Ihe slate ol affairs of the chariiable company and of the incoming resource5 and applicalioTr of resources,
including the income and expenditure, of the charitable company for that year.
In preparing these finanual statemen15, the tW51ees are required lo..
. select suitable accountin9 poI￿leS and then apply Ihem consislentty.,
obseNè the methods and princiFAes in thè Charities SORP".
make judgements and èstimates Ihal arè reasonable and pwdenl..
slate whether applicable UK Accounling Standards havè been followèd, subjecl to any material departures
disclosed and explained in the financial stalemenls", and
- prepare the financial slatements on IhÈ going concèm basis unless rt is ￿apprOpriate to presume that the
charitable company will continue in opèralhjn.
The tnJstee$ 8re Tesponsible for keewng adequ*e accounting rècords Ihal disclose vrith reasonable accuracy 81
any litlle the financial posrtion of the charitable company and enable them lo ensure that the financial statements
ctsrnply with the Companie5 Acl 20(￿. They are also responsible lor safeguarding the assets of the charitable
ornpany and hence for taking reasonablè slep5 for Ihe prevèntion and delects.on ol fraud and other iiiegularities.
Auditor
In accordance with the company's artidès. a resolution prowsing that C￿nIngtOn$ & Co Limitèd ￿ reappointed as
auditor of the company will be put at a General MeetiNJ.
Dlselosur* of infom)atlon to ouditor
Each ol thè tru51ees has confirmèd that there is no inft>rmalion ol which they are aware whth is relevant lo the
audrt, bul ol which the auditor is unaware. They have further confirmed Ihal they havè tsken appropriate steps lo
identify such relevant information and lo establish Ihat the auditor is aware of such infotmalion.
The
rustees, ￿pOrt was appioved by Ihe Board ofTruslees.
ev D.M. Grimwade
Trust•e and director
Dale..

EUROPEAN MISSIONARY FELLOWSHIP
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF EUROPEAN MISSIONARY FELLOWSHIP
Opinion
We have audited the financial statements of European MISS￿nary Fellowship (the'charitable ¢ornpany'l for the yeaw
ended 31 December 2025 which comprise Ihe slatement of fina￿￿al activitie5. the balan￿ sheet. the 518tement of
cash flows and notes lo the financial statemenls. including significant accounting policies. The financial reporiing
framewo￿ Ihal has been applied in their preparalion is applicable law and United Kingdom Accounting Standards.
including Financial Reporlirhg Stsndard 102 The Finan￿al Reporting StanLI8Td 8mlffcabl6 in the UK and Republic or
Ireland (United Kingdom Generally Accepted Accounting Pract￿).
In our opinion. the financial slalemenls..
give a true and (air view of the slatè of the charitable companl$ affairs a5 at 31 December 2025 and of its
incoming iesources and application ol resources. lor Ihe year Ihen ended..
have been properly prepared in accordanc£ with Uniled Kingdom General￿ Accepted Accounting Practice..
and
have been prepared in accordance wNh the requirements of the Charities Acl 2011.
8asls for oplnlon
We conducted our audit in accordance with Inlemational Standards on Auditing (UK) IISAS IUKII and applicable
law. Our responsibilities under those siandards are lurther described in the Auditols ￿SponSibl11t16S lor the audit of
the financial stalemenls se¢tion of oui report. We aTe independent of the dbantable company in a¢ctsrdance wilh Ihe
ethical requirements that are ièlevant to our audil of thè finanryal statements in the UK, including Ihè FRC'S Ethical
Standard. and we have fulfilled our other ethical re5ponsibililie5 in accordance with these requirernenls. We believe
that Ihe audit evidence we have obtained is sufficAenl and 8ppiopriate to wowde a basis for our opinion.
Conclusions relating to golng concern
In auditing the financial statements. we have rThidvded Ihal the trustees. use ol the going concern basis of
accounting in the preparation of Ihe financial stalements is appropriate.
Based on the work we have performed, we have not identif￿d any material uncertainlie$ relating lo events or
conditions that, individually or colleclivety. may cast signifbcant doubt on Ihe charitable company's ability lo continue
as a going concern lor a peiiod of at least Iwelve months Irom when thè financial sialemenls are authorised for
issue.
Our re5ponsibililies and ihe respon5ibilrtie$ of the trustee5 Wrth resped to g￿ng con¢ern are described in the
relevanl sections of this report.
Other information
Thè other information compTlSèS the information included in the annual rep￿ olhÈr than the finanaal statements
and our auditor'5 rèport Ihereon. The truslees are iesponsible for the other inlorrnation contained wilhin the annual
report. Our opinion on the financial Statements does not cover Ihe other inlorrnalion and we do not express any lom)
of assurance condu5ion thereon. Our responsibility is to read the other information and. in doing so, consider
whether ihe olher information is materially inwnsistent with the finanaal stalements or our knowledge oblained in
the course of the audit. or otherwise appears lo be malerially misstatèd. M we identify such matÈiial inconsistencies
01 apparent material misstatemènts. we are requirèd to detemiine whether thi$ gNe$ rise to a material misstatement
in Ihe finanrial stalemenls themselves. If. based on the work we have performed. we conclude Ihat Ihere is a
material misstatement of this other information, we are iequired lo reportthal lacl.
We have nothing to report in this iegard.

EUROPEAN MISSIONARY FELLOWSHIP
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF EUROPEAN MISSIONARY FELLOWSHIP
Mattèrs on which w• required to report by exception
We have nothing to report in respect ol the following matters in relat￿￿ io which the Charilies IAccounts and
Reportsl Regulations 2(K)8 require5 U5 to report to you if. in our opinion..
the information given in the financial slatements is inconsistenl in any material ￿sPeCt walh the Itu$teès'
reporl,. or
sufficient accounting records have not been kepl.. or
Ihe financial statèrnenls are not in agreement with the accounting recoTds'.
we have not re￿iVed all the information and explanations we iequire for our audit.
R•sponslbllltl•s of try$tees
As explained more fully in the slalemenl of trustees. responsibilities. the tru$lèes, who ale also the directors of the
charitable company lor the purpose of company law, are iesponsible for Ihe pieparalK)n of the financAal slalemenls
and for bèing satisfied that they give a true and fail vièw. and foi such intemal Iwlr¢A as the trustees determine is
necessary lo enable the preparatson of financial slalements that are free from maler￿7 rnissialemenl, whether due
lo fraud or error. In preparing the finanual stalemenls. the Iruslees are responsible for assessing the charitable
company's ability lo continue as a going concem. disctosing. as ap￿iCable, matters related to going concem and
sing the goin9 concern basis of accountin9 unless Ihe Iruslees ether intend to I￿UldaIe the chaTrlable company or
lo cease operations. or havè no rÈalisti¢ alemative bul lo do so.
Auditorf$ rèspon$ibilities for the audit of tho flnanclal statsmènts
We have been appointed as audrtor undei section 144 of the Charities Ad 2011 and report in a¢cordance wtth the
Act and relevanl regulaknons made 01 h8wng effeci thereunder.
Our objectives are lo oblain reasonable assuran¢e about whether Ihe ffinanual statements as a whole are free from
material misstatement, whether due to fraud or error. and lo i$5ue an audrtor's report that indudÈs our opinion.
Reasonable assurance is a high lèvel ol assurance but is nol a guaranlee that an audit conducted in accordance
with ISAS IUKI will a￿ayS delecl a material misslatement when it exisls. Misslalemenls can arise from fiaud or
eiror and a￿ ¢onsideied material il. individually or in ihe aggregate, they couk1 reasonabty be expected lo influence
the economic deci5K)ns of users taken on Ihe basis of these financial statements.
The extent to which our PrO￿dUleS are Capab￿ of delectiny trregula1it￿s, indJdiThJ fraud, is detailed belt)W.
Irregularities. including fraud, are instsnce5 of non-compliance wth and regulations. We design prO￿dureS in
line with our responsibilities, outlined above, lo detect material misslalemenls in respect of irregularities. including
fraud. The exlenl lo which our procedures are tspab￿ ol delecting Frregularilies. induding Iraud is delailed below".
As part ol designing our audit. we determined materiality and assessed the risks ol mateiial mi5slatemenl in the
financial slalernenls, induding how Ifaud may occur by enquiring of managÈmÈnl of 11$ own consideration of fraud.
We did not identify any key audit matters relating to irregulaiilies. indudillg fraud.
A further description of our responsibilities is available on the Finanaal Reporting CouncAI's website al.. hllps.'Il
www.Irc.org.ukJaudilorsresponsibilities. This descriplion forms part of our avdilorfs ieptsrt.
10-

EUROPEAN MISSIONARY FELLOWSHIP
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF EUROPEAN MISSIONARY FELLOWSHIP
This report is made solely lo the charty's Iluslees. as a body. In ac¢tsrdance with Part 4 01 the Charities IAccounls
and Reportsl Regulations 2008. Our audil work has been undertaken so that we might slate lo the charity's trustees
those tn8tlers wè are required to slate to them in an auditor's report and for no othei purpose. To the fulle51 extent
permitted by law. we do not a￿pt or assume Teswjnsibility lo anyone olhei than the Charity and the ch81ily's
Irustees as a body. for our audit work, for Ihis report, or for the opinions we have formed.
for and on behalf of Cunninglons & Co Limited
Chartered Certified Accountanls
Statutory Auditor
Edward House
Grange Business Park
Imietslone
Leicester
LE8 6EP
Cunningtons & Co Limited is eligible for appointment as auditor of the th3rrtablè company by wrlue of 115 eluibility
for appointment as audiloT of a company under section 1212 01 thè Companie5 Acl 2006.
11

EUROPEAN MISSIONARY FELLOWSHIP
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2025
Unrestriet*d R•stricted
funds
funds
2025
2025
Totsl Unrestricted Restricted
funds
funds
2024
2024
Totsl
2025
2024
Not¢s
Irbcome and endowments from:
Donations and legacies
Investments
Othèr income
440.926
80.116
752.703 1.193.629
80,116
531,337
87,072
1,029
856.697 1.388,034
87,072
1.029
Total incomè
521,608
752,703
1.274,311
619.438
856,697
1.476,135
Expènditure on:
Raising funds
Charitable aciiwties
191.342
191,342
395,719 1.¢JOO.973 1.3￿.692
143,270
,051
143,270
1.007.288 1,363.339
Total •xpenditure
587,061
1.OCK),973 1,588,034
499.321
1,007.288 1.506.609
Net gainsluossesl on
invèslmenis
13
1130.3521
{130.3521
69,274
69,274
N•t Incomellexp•nditurel
1195.805) 1248.270) 1444,0751
189.391
1150,5911
38,800
Transfers between
funds
(208,4581
208,458
{202,354}
202.354
Net movèmènt In
funds
10
1404,263)
{39.8121 (444.075)
112.9631
51.763
38,800
Rè¢onciliatlon of lunds:
Fund balances at 1 January
2025
2,934.091
171,354 3.105,445
2.947.054
119,591 3,066,645
Fund balances at 31
Dè¢ember 2025
2,529.828
131,542 2.661,370
2.934,091
171,354 3,105,445
The slalemenl of financial activities indudes all gain5 and losses ￿Cognised in the year. All income and expenditure
derive from continuing aclivilies.
12-

EUROPEAN MISSIONARY FELLOWSHIP
BALANCE SHEET
AS AT 31 DECEMBER 2025
2025
2024
Not•s
Fixed assets
Tangible assets
Current assets
Debtors
Investments
Cash at bank and in hand
15
5.422
4.512
16
17
106,894
2.313.317
254,120
169,035
2,593,669
361.584
2.674.331
3,124.288
Creditors: amounts falling due within
one year
19
118.3821
{23.3551
Nel current a55els
2.655.949
3.100,933
Totsl assèts less Current liabilkties
2.661.371
3,105.445
Income fvnd$
Re511icted funds
nieslricled funds
Designated lunds
General unrèstricled funds
22
131.542
171.354
23
3,087
2,931,004
2,529,829
2.529,829
2.934,091
2.661.371
3.105.445
The chaTit8ble ¢ompany is entitled lo the exèmptiors from the audit requirerTrÈnl contained in Section 477 of the
Companies Act 2006. lor the year ended 31 December 2025. although an audit has been carried out undèr seclion
144 of Ihe Charities Act 2011. No member ol the chaiitable company has deposited a noli¢e, pursuant lo se¢tion
476. requiring an audit of these ffinanual statements under the requirements of the Companie5 Act 2006.
The trustees acknowledge their responsibilrties for ensuring that the Charitab￿ ryynpany keeps accounling records
which comply with seclion 38fj of the Acl and foi preparing financial stalements which gwe a true and fail view ol
Ihe state of affairs of the charrt8blè company as at Ihe end of the ffinan(Jal year and of its incoming resource5 and
application of resources, induding rts income and expendilure. for the finanual year in accordan￿ with Ihe
iequiremenls ol sections 394 and 395 and which otherwise compty with the requirements of Ihe Companies Act
2006 relating to fin8nual 51atements, so far 85 applicable lo the charitable company.
The members have not required Ihe ￿mpanY to obtain an audit of its finanryal statements undei the requirements
of the Companies Ad 2006. for the year in question in accordance wilh section 478.
These financial statements have been prepared in accordance vrith the wowsions applicable to ￿mpanIeS subject
to the small companies regime.
Th
al statements
re approved by the Twslees on.
ev D.M. Grirnwade
Trustee
Company R•glstratlon No. 03631207
13-

EUROPEAN MISSIONARY FELLOWSHIP
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
2025
2024
Notes
Cash flows from operatlng activltF•s
Cash absorbed by operation5
28
1324.2621
1264,0531
Invèstlng activities
Purchase ol tangible fixed assets
Proceeds on disposal of investments
Interest received
{4.865)
150.000
80.116
15,2211
87,072
Net cash y¥neratsd from Investing
activitlos
225.251
81,851
Nèt ¢aBh used In finan¢ing activltl•s
Net decr•a$e in cash and cash equivalents
{99.011}
1182.2021
Cash and cash equivalenl$ al beginning of year
353.131
S35,333
Cash and ¢#¥h equivalents at ènd of year
254.120
353,131
R•lating to..
Cash at bank and in hand
Bank overdrafts included in creditors
payable within one year
254,120
361.584
18.4531
14-

EUROPEAN MISSIONARY FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Accountlng poll¢i•$
Charity information
European Missionary Fellowship is a private cofflpany limrted by guaranleè incorporated in England and
Wales. The registered office is 41 The Poinl. Market Harborough, Lwcestershiiè, LE16 7QU.
1.1 Basis of preparation
The finanoal statements have been prepared in aceordan¢e with the charitable compan￿$ Artides of
Association.
the Companies Act 2006 and -Accounting and Reporting by Charities.. Slatement ol
Recommended Practice applicable lo charities preparing their accounts in accordance wilh the Financial
Reporiing Standard applicable in the UK and Republic of Iieland IFRS 1021" (Issuèd in October 20191. The
charitable company is a Public Benefil Enlily as defined by FRS 102.
The financial slatemenls are wepareil in slerfing. which is Ihe lunction31 currency ol the charitable company.
Monelary amounls in these financial sialemenls are rounded lo ihe ne8fest £.
The finaricial slalernenls have been prepared under Ihè historical cosi convèntion. The principal a¢¢ounting
polic¢es adopted are sel out below.
1.2 Going concern
At the time of approving Ihè financial statements. the trustees have a reasonable expeclalion Ihat the
Charitable company has adequate ￿SOurCeS to continue in opeiational existe￿￿ for the foreseeable lulufè.
Thus the Irustees continue lo adopt the going concem basi5 of accounting in preparing the financi81
518lements.
1.3 Charltable funds
General funds are unreslricled (unds that are available for use at the di5cielion of Ihe trustees in furtheianee
of their chariiable objective5 whid) have not been designated foi other purposes. Designated funds compiise
unrestricted funds that have been set aside by the tru51ees for parb"(xJlar purposes.
Restricted funds are those whwth can only be used for partthlar restricted purposes wlhin the obj'ect of the
chanlable company. Restrictions arise when specffjed by the dtsnor or when ftJnd5 are raised for particular
restricted purposes. Thè aim and use ol eath restricied fund is sel out in the noles lo the financial statemenls.
1.4 Income
Income is recognised when the charitable company 1$ kgally entilled lo it afteT any perfom)ance condilions
have been met, the amounts can be measured reliabty. and rt Is piobable that income wil be received.
Cash donations are rt¢ognised on receipt. Other donalions a￿ ￿{X)gnised once the charilable ¢ompany ha5
been notified ol the donatK)n, unless perfomance conditions Tequire delerial of Ihe amount. Income lax
recoverable in relation to donations received under Grfi or deeds ol covenant is recognised at the lime of
the donation.
Lega¢iès are recognised on feceipl or othe￿ise rf the chaiilable company ha5 been notified ol an impending
distribution. the amount receivable can bè estsmated with ieasonat* accuiacy. and receipt 15 expected. 11 the
amount is not known. the legacy IS treated as a ¢onlingent a55et.
1.5 ExpÈnditure
Expendilure is induded in Ihe finanaal statements on an accwals basis. inchjswe of any VAT which cannot be
fecovered.
The costs ol raising lunds comprise thosè cosis as￿l￿ated with attracting voluntary income.
15-

EUROPEAN MISSIONARY FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Accounting policies
Icontinuèdl
Chaiilable expenditure comprises Ihose costs incurreil by the thanlable company in the delivery ol ils
aetivilies and servi￿$ lor beneficiaries. It indudes tM)Ih cosls that be allocated directly lo such activities
and Ihose of an indirect n8lure ne￿SSary to support them.
Certain expenditure is directly attribvlable to specffic actmtiès and has been induded in those cost calegoriès.
Certain other costs, which are allributable to morè than one activity. are apportioned across Cost categories on
the basis of either eslimale of the proportion of tin* spent by stsff or upon usage of those activib'es.
1.6 Tangiblè fixèd assèts
Tangible fixed assets are irhilialty rneasured al cost and subsequa)tly measured al co$1 or valualion, nel of
depieciation and any impairment losses.
Depreciation is iecognised $0 85 to wrrte off the cost or valualon of assets less their residual values over théir
Useful lives on the following bases..
Fixtures and fittings
20% per annum on a reducing b8lan¢È basis
The gain or loss arising on the disposal of an asset is determined as Ihe differen￿ between the sale proceeds
and the carrying value of the a55el. and is recognised in Ihe slatement ol financial aetivitie$.
1.7 Impairnient of fixed assèts
At each reporting end date, the charrtable company le￿ewS the CHr￿n9 amounts of ils iangible assets lo
determine whether there is any indicalitin that those assets have suffered an impairment 1055. If any such
indication exists, the recoverable amount of the asset is eslimaled in order to delelmine the extent of thè
impairmenl loss lif any).
1.8 cash and cash equivalents
Cash and cash equivalents include cash in hand. deposits held al call wrth banks, other short-lerm liquid
inveslmenls with original malurilies of thiee month5 or less. and bank overdiafts. Bank oveidraNs are shown
within borrowings in current liabilities.
1.9 Financial iristruments
The ¢h8ritable company has elected to apply the provisions of Sedion 11 'Basic Financial Inslrumènts, and
Section 12 '01her FinanrAal Instruments Issues. of FRS 102 to all ol ts fiTranc•al iThslrumenls.
Financial instruments afe rècognised in the ¢h8rrtable cornpany's balance $heel when the chariiable company
becomes party lo the contractual provision5 of Ihe instrument.
Financial asseis and liabilities are offset, vrith the nel amounts presemed in the finanual stslemenls, when
there is a legally enforceable right lo set off the recogni5ed amounts and there is an Intention lo sellle on a nel
basis or lo iealise the a55el and settle the liability simulianeiwsty.
Basic flnanelal assets
Basic financial assels. which include debtors and cash and bank balanees. are iftilialty measured al
transaction piicè including transaction ￿5¢S and are svbsequenlly carried al amortised cost using the effective
interest method unles5 the arrangement constitutes a financing transaction, where the transaction is
measured at Ihe presenl value ol the future receipts discounted at a market rate of interest. Financial assets
dassffied as receivable vrilhin one year are not amortised.
16-

EUROPEAN MISSIONARY FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Accounting policies
(Continuedl
Baslc financial liabilrfles
Basic financial liabilities, induding cfedi1015 and bank loans are inilolly recognised at transaction price unles5
the arrangement constilules a financing transaction. where thè debt inslfurnent is rneasu￿d at the P￿sent
value of the fulure payments discounled al a market rale ol interesl. FiTranryal liabili1￿$ classified as payable
within one year are nol amoriised.
Debt instruments arè subsequenlty carried al amortised cost. using Ihe effective intere51 rale method.
Trade ctedilors a￿ okAigalions to pay lor goods or 5eThices Ihal have been acquired in the ordinary course of
operations from suppliers_ Arnounts payable are dassified as cUr￿nt Iiabililie5 if payment is due within one
year 01 less. 11 not. they are presented as non-current liabilities. Tiade creditors are recognised initially al
Iransaction price and subsequèntly measured al amortised cost using the effective interest method.
Dèrecognition of financial liabililies
Financial Iiabililies are derecognised when the charitable o)mpany's ¢ontractual Obl￿ationS expirè or are
discharged or canceled.
1.10 Employee benefits
The cost of any unused holiday enlrf]Èment is recognised in Ihe period in which the employee's semces are
received.
Termination benefrts are recogni5ed immediately as an expense when thÈ tharitable cornp?ny is
demonstrably committèd to terminate the employrnènt of an employee or lo prowde lerminalion benefits.
1.11 Retirement benefits
Paymenls to defined contribution reliremenl benefrt schemes are charged as 8n expense as thèy fall due.
cr1￿cal accounting estimates ond ludgèments
In Ihe applicalion ol the charilable comp8ny'$ accounling pOl￿e5, the trustees are iequired to make
judgements. eslim8le5 and assumplions about the carrying amount of assets and liabilities that are not readily
apparent from other sources. The eslimates and 855ouated assumptions are based on historical experience
and other factors that are conSide￿d to be rdevant. Actual results may drffer from these eslimale5.
The estimates and underlying a55umplions are reviewed on an ongoirvj basis. Revisions lo accounting
eslimales ale rewgni5ed in the period in which the eslirnale is revised where the rewsion affects only that
period. or in the period of the revision and fulure periods where th& ￿l$lOn affects both currenl and luture
periods.
Donations and lega¢i#¥
Unrestrietèd Rèstricted
funds
funds
Totsl Vnrestficted Resiricted
funds
fund5
Total
2025
2025
2025
2024
2024
2024
Donatioris and gifts
Legacies receivable
387.367
53.559
752,703
1.140,070
53,559
376.103
155,234
856,697 1,232.800
155,234
440,926
752,703 1,193.629
531,337
856,697
1.388,034
17-

EUROPEAN MISSIONARY FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Inv•stments
2025
2024
Income from listed investments
Interest receivable
73,534
6,582
73.663
13.409
80,116
87,072
Oth•r
2026
2024
Lileiature salès
1,029
Raising fund$
2025
2024
Fundrai
and
Travel expenses
Telephone and office expenses
New51etter
Literature
Other fundr8i5ing co$ls
Staff costs
Depreciation and impairment
44.102
4.093
3,502
2.092
16.671
119.419
1.463
39.255
3,577
3.801
1.175
16.539
77,891
1,032
Fundraising and publicity
191,342
143,270
18-

EUROPEAN MISSIONARY FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2025
Charitsbl• actlvltlè$
Mission
support
Literature
work
Church
building
Ukraine
appeal
Totsl
2025
Total
2024
Staff costs
Depieciation and
impairmenl
Other costs
188,518
9.393
8,052
21.476
227.439
194,855
2,175
96.708
158
5.239
158
2.491
127,377
1,759
121.816
22,376
287,401
14,790
11,264
43,852
357,307
318,430
Grant funding of actiwties
Isee nole 81
798.323
13.322
30.874
196.866 1,039,385
1,044.909
1,085.724
28.112
42.138
240,718 1,396.692
1.363,339
Analysis by fund
Unreslrided funds
Restricted funds
325,813
759.911
14.79)
13.322
11.264
30.874
43,852
196.866
395.719
1.IK)0.973
1.085,724
28.112
42.138
240,718 1.396,692
For the year¢nded 31 Dec¢mbèr 2024
Unreslricled funds
286.652
Restricted funds
729.182
13.461
17.325
10,098
39.729
45,840
221,052
356.051
1.007,288
1.015,834
30,786
49.827
266.892
1,363.339
19-

EUROPEAN MISSIONARY FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Grants payable
Misslon
support
Llt•rntuwe
wo
Church
building
Ukraine
appeal
Totsl
2024
Grants to instittJtions1460 grants)-.
Support of missionaries
in Europe
Editorial Peregrino, Spain
Sines, Portug31
Ciudad Real, Spain
Almunecar, Spain
Ukraine emergency
appeal
LiteralLJie fund
Other
426,9C6
426,906
394.670
1.000
10,579
11,975
16,725
4,425
21.046
3,903
4.425
21,046
3,903
89,292
89,292
13.322
9,150
98,387
16,325
6,880
13.322
7.650
434,556
13.322
30.874
89.292
568.044
556,541
Grants to individuals1469
grants)
363,767
107,574
471.341
488,368
798,323
13.322
30,874
196.866 1.039,385
1,044,￿9
Details of Ihe insliiutsons that recÈived grants during the year for the support of missionar￿& in Europe and
the amounts paid to each instrtulion are available upon requesl in wrib.ng lo the registered office 8141 The
Poinl. Markel Harborough. LeiceslershiTe LE16 7QU or online al www.europeanmission.org.
Support costs
Misslon
support
Literatur•
work
Church
bullding
Ukra•ne
Appeal
Total
2025
To¢01
2024
Staff costs
Adminislralive
expenses
Audit and
ccounlancy lees
B8nk charges
Depreciation
45.842
1.523
1.523
9,221
58,109
58,169
35.911
1.170
585
4.385
42.051
37,524
3.659
1.562
2.017
225
87
158
113
87
158
4,841
4,339
2,333
6,020
3,177
1.647
2.603
88.991
3.163
2.466
17,053
111,673
106.537
Administrative expenses indudes premises costs. office expenses and Ifavel expenses which have been
apportioned on a usage ba5Tr5. Olher costs within adminislralivÈ Èxpenses and slaff costs are apportioned on a
lime basi5.
-20-

EUROPEAN MISSIONARY FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
10 N¢t movemènt In fund$
202S
2024
The net movement in lunds is slated after thargingllcrediting)-.
Feès payable for the audit of the charity's finanaal statemen15
Depreciation of owned tangible fixed assèl$
Operating le8$8 chargès
3.960
3,955
9,000
4.258
2.790
17,879
11 TrwJtee3
None of the Iruslees lor any persons ¢onnected wrfh thèm) reCe￿Ed any remuneratiors or benefrts frorn the
charilable company during the year.
Eight trustees were reimbursed a total of £4.125 lor travel and meelings c051$. which were incurred
perfoitning voluntary work for the charitable company12024 - ten twslees were reimbursed £3.8191.
12 Employees
NLtmb•r of omployees
The average monlhty number of employees dLTrring the year wa5-
2025
Numbèr
2024
Number
Adrninislralwe and Support
Represenl8twès
Management
Retired workers
14
12
Employment ¢g$ts
2025
2024
Wages and salaries
Social securily cos15
Olher pension costs
302,219
20,571
24,(￿8
235,538
14,819
22,389
346,858
272,746
There were no employees whose 8nnLtal remuneralion was £60.oc￿ or more.
21

EUROPEAN MISSIONARY FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
13 Gains and loss•s on Inve¥tments
Unrestricted Unr•$triet•d
funds
funds
2025
2024
Gainsl{lossesl arising on..
Revalu81ion of investments
Sale ol inveslmenls
1124,716)
15,636)
69,274
{130.3521
69,274
14 Taxation
The charity is exempt from taxation on ts actiwties because al ils irKorne is applied lor charitable purposes.
15 Tangible fixed ass•ts
Flxtvygs and
Ilttlngs
Cost
At 1 January 2025
Additions
14,907
4,865
At 31 Decèmber 2025
19,772
Depreciation and Impalrn)ant
Al 1 January 2025
Dep￿CIatIon charged in the year
10,395
3,955
At 31 December 2025
14,350
Carrying amount
Al 31 December 2025
5.422
Al 31 December 2024
4,512
16 Debtors
202S
2024
Amounts falling due within one year:
Olher debtors
Prepayments and accwed income
36,008
70,886
62.051
106,984
106.894
169.035
22-

EUROPEAN MISSIONARY FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
17 Current asset invoslm•nts
2025
2024
Listed investmenls
2.313.317
2.593.fj69
18 Loan$ and overdrafts
2025
2024
Bank 0￿rdraft$
8,453
Payable within one year
8,453
19 Crodltors: amounts falling due within onè yèar
2025
2024
Motes
Bank overdrafts
Other laxation and soaal securrty
DÈlerred income
Accruals
18
8,453
2,950
6,955
2,191
9.236
11,952
18,382
23,355
20 Oeferred income
2025
2024
Other deferred ir￿orne
2.191
Defeired income is induded in the finanrial stalements as follryws..
2025
2024
Deferred income is induded wrthin..
Current liabilrties
2,191
Movèments in the year..
Defèiied ineome at 1 JanLTrary 2025
Released ffom previous periods
Resources delerred in Ihe year
8,205
18.2051
2.191
Deferred income 8131 December 2025
2,191
Deferred income was in respect of missionary support received in adv8nce.
-23-

EUROPEAN MISSIONARY FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2025
21 R¢tlr•ment benefit sch•m•$
2025
2024
Defined contrlbution $¢hemes
Charge to profil or loss in respeci of defined ￿ntributIon schemes
24,068
22,389
The charitable company operates a defined conlribulion pension scheme for all qualifying employees. The
assets ol the scheme are held separalety from those of the tharitabk ￿MpanY in an independently
adrninislered fund.
22 Restricted fund$
The festrictèd lunds of Ihe charily comprise Ihe unexpended balances of donatrons and grants held on trust
subje¢l to specifK condilions by dorKJrs as lo how they may be used.
At 1 January
2025
Incomlng
resoure•s
Resources
•J(pended
Transf•Ys
At31
December
2025
Support of missionaiie5 and
personnel
Church building
Small restricled funds
Gospel gr0￿h fund
Ukraine Appeal fund
12.610
352.478
30,874
25,523
192.430
151,398
(524.7521
(30.8741
136.0941
(212.3871
1196.8661
177.930
18,266
10,571
19.957
158.744
113,276
171.354
752,703
11,(KIO.9731
208,458
131,542
Pr•vlou$ year:
At 1 January
2024
Incomlng Rèsources
r•$oure•$
oxpènd•d
Transfers
At31
December
2024
Support of missionarie5 and
personnel
Literature work in Europe
Church building
Small restricled funds
Gospel gr0￿h fund
Ukraine Appeal fund
16,499
357.037
1.400
39.729
15.621
166.206
276.704
1528.8051
116,3251
139.7291
115.6211
1185.7561
1221.0521
167.879
14.925
12,610
19.550
103.092
158,744
119.591
856,697
{l.(￿7.288)
202,354
171.354
-24.

EUROPEAN MISSIONARY FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
22 Restrlctod fut)ds
(Continuedl
Support of missionaiies andpersonnel
These arnounls represenl the totals of numerous small funds created by donations receNed for the purpose ol
8S5isling with the support ol parliculai missionaries and members of Ihe charily's personnel. Funds ieceived
have beer) distributed in accordance wrth the donors. requ1￿ments. Details ol the individual funds can be
obtained from (he Mission orrice.
Literature work in Europe
This reslrided fund represents donations received lo provide funds for activities associated wrth the
translation and publicalion ol Christian literature in European langua9es.
Church building
The reslricted fund was opened in ordef lo re¢eivÈ donalion$ for thurth buikling projects in Sines, Portugal.
Almunecai, Spain, Ciudad Real, Spain and Aaok?. Portugal.
Sm811 restiicted funds
These amounls represent the lolals of various small funds created by dorhatK)ns for specrfic purposes. All
funds are being distributed in accordance wilh the donois. rÈquiremenls. Details of the individual funds can be
obtained from Ihe Mission Office.
Gosp81 Growth fvnd
The Gospel Growth Fund was established lo suppoii new gospel workers, drNe new inilhalive5. reach new
communi(ies and plant new ¢hurthes.
Ukraine Appeal fund
An EMF Ukraine Emergency Appeal was eSta￿iShed lo assist evangdical churches in Ukraine lo adminisler
aid lo refugees arid distribute Christian lilerature Idlowng the invason of Ukraine by Russia in February 2022.
Trartsfers
Transfers represent the Use of unieslricled funds lo supplement the charity's direclly supported missionary
work.
23 Unrèstr1et￿ funds
The unrestricted funds of the char-ty comprise the unexpended balan￿S of donation5 and grants which are
not subject to specific condition5 by donors and grantors as to thèy may be used. These include
designated funds which have been sel aside out ol unrestricled funds by the trustees for specific purpose5.
At 1 January
2025
Incoming
Tesources
Resoyrc•s
expended
Trdnsfers
Gain$ and
losses
At31
December
2025
Training lund
General funds
3.087
2.931.005
188
521,420
133.5441
{553.5171
30,269
1238.7271
1130.3521
2.529.829
2,934,092
521,608
(587,(￿1)
1208,4581
1130,3521
2,529,829
-25-

EUROPEAN MISSIONARY FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
23 Unrestrlct•d funds
(Continued)
Prèvlous yèar=
At 1 January
2024
Incoming
wesouK•s
R•soure•$
•xp•ndÈd
Transfers
Galn$ and
losses
At31
D*¢emb•r
2024
Training fund
General funds
6.440
2,940.614
{35.853)
{463.4681
31.500
{233,854}
3,087
2,931,004
618,438
69,274
2,947.054
619.438
{499,321)
(202.3541
69,274
2,934,091
Warning.. Balance elf from prlorperioddoes m)1 equalbalanre b/f In eufrentperiod
2,934.092
Training fund
This fund was established in 2019 to support potential St￿11eS in ministry training - particularty. though not
eXdusiVe￿. for a tmo year course Ihrou9h London Seminary.
Analysis of net as$¢ts betw••n funds
Unrestricted Restsicted
2025
2025
Ttstsl
2026
Total
2024
Fund balances at 31 De¢ember 2025 are
represented by..
Tangible assets
Current asset￿(lIabilllle9I
5,422
2.524.407
5,422
4.512
131.542 2.655,949 3.100.933
2.529,829
131,542 2,661,371
3,105,445
25 Operating leasè commllm•nts
Les¥ee
At the reporting end dale Ihe d)aritable company had outstanding commilmènls IOT future minimum lease
payments under non-cancellable operating leases, which lall due as follows".
2025
2024
Within one year
Bètween Iwo and five year5
9,000
33.750
24,750
33,750
42.750
26 Related party tran$a¢tlon$
There were no disd0sa￿e Telaled party IransaciM)ns during the yeai12024 - none).
27 Analysi$ of changes in net funds
The charitable ¢omp8ny had no material debt durin9 the year.
-26-

EUROPEAN MISSIONARY FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
28 Cash generated from optrntio
202S
2024
IDefiatllsurpus for the year
1444,0751
38,800
Adjustments for.
Inveslmenl income recognised in slalement of finaThial aciNitses
Loss on disposal of investments
Fail valLJe gains and losses on invesiments
Depreciation and impairrnenl of tangible fixed asseis
180,1161
5,636
124.716
3,954
187.0721
{69,274)
2,791
Movements in worknng caprtal..
Decreasellincreasel in debtors
Increasellde¢reasel in Greditors
Increas&l{de(yeasel in defer￿d income
62.143
1,289
2.191
1139.3151
11,7781
{8,2051
Cash absortjed by opèratlons
1324,262}
1264,0531
-27-