CLARION TRUST (A company Limited by guarantee) Report and Accounts coKrENT5 Page Company Information Directors, Reportnrustee5' Annual Report Independent Examinerfs Report Statement of Financial Artivities Balance Sheet Notes to the Accounts 10-13 CLARION TRUST INTERNATIONAL FOR THE YEAR ENDED 31 DECEMBER 2025 COMPANY INFORMATION DlrertorslTru5tees A Hounsell P Maclnne5- Stood down on 419125 E Hughes J Swallow C Baron- appointed on 2416125 The direttors of the charitable company (the charity) are its trurtees for the purpose of charity law. Key Mana8ement Personnel S Gaukroger Governln8 Document Memorandum and Artlcles 11 July 2008 Company Reg15tratlon Number 06644365 Charlty Reglstratlon Number 1125336 Reglstered Offlce Windrnill Farm 8usiness Hub 8owstrid8e Lane Chalfont St Giles BUCKS HP8 4RG Independent Examlner Emma Baker Bsc IHonsl FCA Baker Accountancy Services Ltd. Windmill Farm Business Hub Bow5trid8e Lane Chalfont St. Gile5 BUCKS HP8 4RG Bankers CAF Bank 25 Kings Hill Avenue Kings Hill West Mallin8 KENT ME19 4JQ Metro Bank Unit 811113, Eden Shoppin8 Centre 2 Eden Walk High Wycombe BUCKS HPII 2AW pi CLARION TRUST INTERNATIONAL TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 'Equlppin8 the Church for Leadership, Mlsslon and Evan&ellsm' The Trustees have pleasure in submitting their Annual Report together with the financial statements of the charity for the year ended 31 December 2025, whlch are also prepared to meet the requirements for a Directors, Report and Accounts for Companies Act purposes. Oble¢ts of the charlty Clarion Trust International Is a Christian charity workin8 In the UK and overseas. It is involved in leadership. training & development, advocacy. networkin& and thecommunication of the Chrlstian Faith and messa8e In a ran8e of context5. Governance The pollcy and operating declslons of the charlty rest wlth the Tru5tee5 who meet regularly to monltof the activities of the Company. New Trustees are recruited and appointed by a majority of existin8 Trustees. Revlew of Artlvltles In planninB the activities of the charity. they have given consideration to the guidance on public benefit issued by the Charity Commission in December 2008. Durln8 2025. international travel contlnued, however the use of di8ltal technology has still had its place. We have continued to consider which ministry invitations are better face to face and which ones can be achieved well via Zoom. This enables us to keep costs down in instances where online meetings are effertive and appropriate. The list of Clarion's main activities in 2025 is detailed below: Conference speakln& preachln8 at various UK churches, advisin8 and mentoring church leaders, participating in advisory boards, strategic consultation5 and Round Table discussions. These events norrnolly focu5 on themes around leadership and the relationship of the Bible to society. All year Ministerin8 and trainin8 in Uganda to pastors, high court judges. lavryers and theological educators. SpeakSng at the annual conference of Hi8h Court Jud8es. Jan Ministerin8 in USA with The Rooftop to train church leaders in helpin8 their congregations become fully-fled8ed disciples of Jesus. Also meeting with faculty and staff at Dallas Baptist University. Mar Delivering a lecture to Dalla5 Baptist Universtty students in Oxford. July Deliverin8 a lerture at Gold Hill BèptlSt Church. Sept Burundi with The Rooftop- speaking to a stadium event of around 20,000 pastors in Bujumbura, for training in mission and evangelism. Leadership trainin8 With Bishops and Apostles. Interviews with local TV and newspapers. Ort Uganda~ speaking at 2 conferences on godly leadership. Oct USA with The Rooftop- strategic meetings with individual leaders and The Rooftop US Board. Ghana- 3 separate leaders, 8atherin8s and a range of individual meeting5 With heads of denominations and mission agencies. Nov Australia- speaking at a large convention in Melbourne. leadin8 6 8ible studies plus seminars. Dec Digital Ministry The Post Covid Church Course la free course exploring different Wa￿ that people have been affected by the pandemic and lockdown), which encourages believers to be compassionate, faith-filled, bold agents of positive change in their communities was launched in 2021. This has hardly seen any sign- ups this year but still remains available via our website. Partnerships Clarion has continued to work with key partners over the last year. namely with Community Bible Study International IC8SII, CFiANE. VIVA and The Rooftop. Paul & Alison Bosson. members of Seer Green Baptist Chufth, continue their ministry in Uganda, where they have been workin8 under the Clarion umbrella but 5elf-funded since September 2021. They are still accountable to Clarion and they are still working partly with CIiANE and VIVA. Alison is continuing to work with a medical mission and Paul is building on many of the strategic partnerships with kev people in Ugandan society e5tabllshed by Clarion over many years. Their visa 15 valid untll the end of 2027. Stafflng and Trustees Sue Pole continued working as Stephen's PA and office manager and David Fletcher continued to mana8e the account5 on a voluntary basis. The office work continues to be split between the offices in Cholfont St Giles. Buckinghamshire and Eynsham, Oxfordshife. The Trustees met as a Board in person fourtimes during theyear. Chris Baron was appointed as a Trustee on 24, June 2025 and Phll Maclnnes Stood down from h55 Trustee role on 4 September 2025. Flnan¢lal Revlew The Trustee5 Wish to thank all our prayer partners and 5UPPOrters for their faithful financial and prayer support for Clarion. We are grateful to God for hls ongoin8 financial provision durin8 3 period of continuing uncertainty and the cost-of-livin8 crisis. In the year under consideration, we achieved an In¢ome of £246,830 (£60,492 for Ugandal. resultin8 In a deficit of £15,118 (deficit of £5,947 for Ugandal at the year end. Going concern Going concern is a basic underlying assumption that an or8anisation will be able to continue operatin8 for a period of time lusually 12 months from date of signing the accounts) that is sufficient to carry out it5 cornrnitments, obligations, objectives. and so on. In other words. the organisation will not have to liquidate or be forced out of business in the foreseeable future. Clarion has no lon8-term commitments, leases or contrarts and has been successfully operating for twelve yeaT5, meetirig all its financial commitment5 Without the need for loans or bank overdraft facilities. Our cashflow is tightly monitored to ensure that our aims and objectives are achieved without financi31 risk to the organisation. We have an increasing supporter donor base, including significant global partners. The Trustees of Clarion are confident that the charity will continue as goin8 concern for the foreseeable future. Reserves Pollcy The reserve5 policy has notchanged since last yearwherebyfree reserrfe5 held by the charity should be maintained at sufficient cash levels to maintain the Charity's operations in the event of short-term funding fluctuations or unforeseen costs. The Board 15 always keen to look to increase reserves to an acceptable level. Rlsk Management The responsibility for the management and control of the charlty rests with the Trustees and therefore their Involvement in the key aspects of the risk management process is essential. The Trustees undertake a regular review of the risks faced by the charity and seek to plan for the management and mitigation of those risks. They meet for a quarterly busine55 rneetin8 and informally on a monthly ba515. The Charity hès a comprehensive risk mana8ement policy. but the main risks to the functioning of Clarion Trust International as identified by the Trustees are.. il cashflow- ill the wellbeing of our Director, Stephen Gaukroger.. Illl overseas travel rlsks. and Iv) perception and reputatlon. l. Cash flow. We are reliant on both Indlvidual and corporate donors. Some 8lve on a re8ular basis and other5 give on an ad hoc basis. In a period of economic uncertainty and a c05t-of-livin8 crlsls, we are aware that we might experience a reduction or termination of funding from donors. Our ca5hflow and the overall financial position is reviewed both weekly and monthly by the Chairman with the Dirertor. Our Director keeps the Trustees informed of fluctuations in the accounts and acts on their advice. 2. The wellbelnl of our Dirertor. Stephen Gaukroger is the key player in enabllng us to dellver Clarion's Vision and 8oa15. In view of the significant international travel he undertakes, the Trustees insist that he trave15 business class on all long-haul flights. They also ensure that he has a full medical check every year. 3. Overseas Travel Rlsks. When considering invitations to speaking engagements and conferences overse35, the Trustees and the Director carefully assess the travel risks. 4. PtrcÈptlon and Reputatlon. We put a hi8h value on the integrity and credibility of the Charity both in the UK & overseas and our Trustees have excellent networks of contacts to ensure that we are aware of any issue5 that may arise. Our Direttor communicates re8ularly wlth our supporters and is quick to thank donors for their gifts. Trustees, responsibilities in relatlon to the finaDcial statements The Charity Trustees Iwho are also the director5 of Clarion Trust International for the purposes of company lawl are responsible for preparing a trustees, annual report and financial statements in accordance with applitable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Charity Trustees to prepare financial statements for each year which glve a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparlng the financial statements, the trustees are required to.. select suitable accounting policies and then apply thern ¢onsistentty- observe the methods and principles in the Charities SORP: make judgements and estimates that are reasonable and prudent: state whether applicable UK accounting standards have been followed, sublect to any material departure5 dlsclosed and explained in the financial statements; • prepare the financial statements on the going concern basls unless It is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping proper accountin8 records that disclose with reasonable accuracy at any tirne the flnanclal posltion of the charity and to enable them to ensure that the flnancial statement5 comply with the Companies Act 2(K)6. They are a150 responslble for safe8uarding the assets of the charity and hence taking reasonable steps for the prevention and detertion of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable compan￿$ web51te. Legislation in the United Kingdom governin8 the preparation and dissemination of financlal statements rnay differ from legislation in other jurisdictions. Approval This report was approved on 30th April 2026 and signed by order of the Board of Trustees by: Andrew Hounsell Trustee [61 INDEPENDENT EXAMINER'S REPORT TO THE CHARITY TRUSTEES OF CLARION TRUST INTERNATIONAL I report to the charity trustees on my wmination of the accourts of the Company for ytsr •rrflod December 2025. R￿pOnSIbIlItI0• and tsas￿ of report As the ¢hafrty's trust8e5 of the Company {and also ts director5 for the purw$05 of company lawl you ar8 responsible for th¥ preparation of the accounts in a¢¢ordanc• wrfh the wuirements ofthe COrTy•ni￿ Act 2CK61'th0 2Cth Acfl. Having satisfied mywff that the accounls of the Comp•ny aro not r8quir8d to be audited under Part 16 ofthe 2006 A¢t and are eligible ltsr ind•wndent examinaty"on, l ￿pOrt in rèspect of my exanNnat¢on of your charity's accuunl$ a$ carried OLrt under sectyon 145 of the Charit*s Act 2011 I'the 2011 A¢t'l In carryiryJ thjt my eXa￿￿nat￿n I have lollowtrJ the Dire¢tion$ given by the Charrty Commwion Sects￿ 145151{bl oltM 2011 A¢1. Ind•p•nd•nt•x•mln•rf• •t•twn•nt Sinc8 th8 Company'5 gro$$ incorne ¢xcwded £250,(KX) your exaThMn•r musl b• • mtynt•r of a body listed in section 145 of the 2011 Act. I confirm that l am qualthed to undertake the e¥aminaty"on twu•• l am a member Dfthe Inststute of Ch•rttrr•13 fom part of these accounts. [8] CLARION TRUST INTERNATIONAL BALANCE SHEEr FOR THE YEAR ENDED 31 DECEMBER 2025 Nofe Unrestricted Total Total Funds Funds 2025 Ful￿$ 2024 FIXED ASSET5 T?￿Ible assets CURRE14T AS5Ef5 Debtor5 104 316 Cash at bank 471 7AIg 7.735 23,10S 23.105 7,160 575 CURAEPIT LIABILITIES Liabilities fallin8 due within or* year r4•t current asmts 4.6581 2,502 5.6621 2.073 5,914 17.191 14291 NET A$5Ers 2.502 14291 2￿73 17,191 FUNO BALAIKES Urbrestficted fund5 2,502 2.$02 4291 I￿73 11.628 5.563 17.191 Restrltted Funds 14291 14291 Yrt41 Ch•th Funds Fortheyearended 311)•¢ember2025. th•¢ompanywasentiWtotheexemptionfrom auditundefS•¢ts'on 477 oftl* compan￿ Act 2(th relatiryj to 8m•llc4>MwM. RewJOn￿biIrfw of ￿'TeCtO￿￿n￿81O•$.. o. Tho mtrrnbors have not wuired th8charitabl•¢omp8nytoobtain an •udrt ofitsaccountsfortheyearin qU•8tson in accordan￿ with Secbon 476 0lth• Compan￿A¢1- htr•e¥er, in accordan¢e wth Section 145 ofthe Charrties Act 2011 the athwnts have t*en ¥xomin&J by an independent examiner whose rnport lorn￿ part ofthtsdocunxnt. b. The Dif8Ctor8rrw¥teu ackn¢y•A•d9• ts"r respon*￿.1￿￿ for comptying wrfh th• require1r￿n18 ofthe Th•s* ar• Ai •xordancewth the spw)al pro￿"$1)nS of 15 01 the Corrpan￿ ALI relating to c4yrpanM and ¢Mstrtute the aMu81 a¢￿1￿ rew1￿1 ty Ihe CtyrVan￿ kt 2C(6 ¥rKI are for cirCuL*￿n Its rrprnters ofth• the Trus* on th*'r boh*l ￿ the 30th Aw'l 21n6 ty.. Andr*w Hounsdl (Truste•l c￿nY numb•r. LW365 c￿rity nunkn. 11253 Th8 Th)te8 ￿ paBB5 1(￿13 fwm wt ofthe¥g w￿nIs. [9] CLARION TRUST IPITERNATIONAL FOR THE YEAR EMDfO 31 DECEMBER 2025 A￿D￿rrtIn6 Polltles Tho financial stalen*nls ho¥e baen wepar•d wi ￿th Ac¥*unting and RepJ¢tsng by Char￿￿$.. Statement of Recornmgnded PractLt and Wilh the Finanupl R￿)￿ng starth￿ in the Unrte(l Kingdom •nd th¢ Republ ol Ir•land IFRS 102 laff8CtNe 1 Jan 201511- IChanl*s SORP IFRS 10211 COM￿n￿$ h£t 2016. Th• fo1kn4wig arn tho pLcouDting bwi appl￿d in de4iry m*erial ittAn#'.. al Donated and grant Ir￿orne.. Cweted inrA>me artd grants rnC•N•t4e ar• roe•w•d ty th• charty •xcopl Ihern ar• conditiorbi which roquira use ￿ future aQxun￿'ng p•r¥>Js In c88• the incorrwj deferT&J and ihtr•m in 'amounts due with¢n ong yeprf. Inccme rec￿e￿ in ur¢uIT￿￿n￿ a ¢Lqim ftr ropayrrtht oftax ha6 been or ￿11 bg rnadg to HM Rwonu• & Customs ij 9ros88d vp lor th• tax rncoverable kny •Th)unl ol lax I￿&M•d from HM Rovonue & Cuotoms but not y•t f•C•Nod ig %￿h1n ts charity¥ d•btorn. bl Othor incorn¢ and oxpendrtuf•'. InvestThnt Incotm 18 taken inlo acr¥)uth rnc*r¥•bl• and •xpondrture, kKludlThJ kr•combl• VAT. Incurred by the charty, regard1885 of when payment Is rn•de ConsuttarKy irtom• istaken into xcount In incorne in th? a¢counts wh•n tho I￿rK Is tsftdert8kgn If In¥othJ th ocojrn aft•r the yeor th• unotmthj •l•m8nt is Shtr￿n as 'deferred Incorne,. Grants payat4• are tsken into OCf4)unl at the ¢arfiBf 01w￿n are pa￿a or cw3tructNg OblvJ8t￿a. l Fur￿ Aeeounting.. Unrn8trict•d fund¥ aro don#ts)n8 •)d oth•r incw• [￿•￿1 or g•wAthd ￿ th• rtJJKts of tho tharity vlthout 8p8afiod purpoae and are availab￿ ts pu￿0508 ofthe chw¢4 as di￿ted tsu•t•ts. R••trthd lund8 ar• rec• wh¢r• th• donor has speciw th• puryThe lor rt 8htyJk1 bo uwd. dl FlxeLI 8ssets Ind ¢JgWg¢Mlh*." Fixed 83set¥ acquirnd lor ty th• chwity ar• (W￿r th•r e•limabJ ua•ful lila vn1•88 th•y ¢Nt ￿58 than £2,SQ) Ily ￿ *rtt•n off on px#i••e. DepreCiat￿n Fer￿1 8r• 8s foltrA*'. Equipment and Motor ￿h￿l? Botthwi 3 •nd 7 y•arn 3 y•ara el Penlitin cfj•ts." The company oper*•¥ A d•fined c•>rtribulth al of N8 eTh*eo•. •r• ch*g•d as thty ale PaKI. r) gl Cashfl¢x $tatement The cornpany ha$tsken athantyofthe ex•mpkn by th? FRS 102 S0RPW￿ r￿1 prepared • Cash Fknv stst8menl for the yw. h) Going Con￿rn The Trustees ￿kn¢￿￿edge the West guhlanc& on wng t￿Cern. The ch8rrty VJ dependent upon tht gonerous funLling of ts SUPFQrt8rs which has histo￿lty kyoved sUfft￿nI ￿ enabl• I￿ to c(mbnue rfs fuN operations. The directors have a reagonatye ¢XF*cfakn that the Cc*npany has •*uate re50Ufces lo continue In yratN)nal exL8tence for thg fOr•S￿abkn futu￿ and. tsehjre. th•y to pr•panng the annualfinanrAal stalemenls. [10] CLARION TRUST INTERNATIONAL Notes to the Accounts FOR THE YEAR ENDED 31 DECEMBER 2025 Voluntary Income Unrestrlrted Fund5 Restrkted Funds Total 2025 Totsl 2024 Voluntary Incorne General donètions Tax recoverable + Interest 115,658 5,720 121,378 18,430 62 18,492 134,088 5.782 139,870 148,064 5,284 153,348 From chafltable artlvltles Speaking fees Consultancy fees Cost reimbursements FilminpJSer4ices Other income 1.150 46,650 17,134 1,150 88.650 17.134 3,762 103,892 8.227 42.000 26 64,960 26 106.960 536 116,417 42,C 3 Charltsble actlvlty UnrthTlrted Funds Restrlcted Funds Total 2025 Total 2024 Dlrert Charltable Costs Staff costs (Note 41 Travel & accommodation U8anda operation costs Insurance Advertisin8 Professional fees Grants INote 3cl 141.405 32.033 141,405 32,033 56,393 7,077 142,051 46,368 59,727 6,631 56.393 7,077 1.277 515 182,307 1,424 7,749 65,566 2,701 8,264 247,873 1,680 2,574 259,031 Support & Admlnlstratlon Office costs Depreciation costs 12,882 320 13.202 12,882 1,193 14,075 13,196 5,571 18,767 873 873 Comblned charftable activlty cost 195,509 66,439 261,948 277,798 Grants Instltutions Individuals 2025 2024 Missional training 5LlPPOrt Relief of poverty 7,749 7.749 515 8,264 2,574 515 515 7.749 2,574 [111 aARION TRUST IpifERNAYIOP4AL FOR ThE YEAR ENDED >1 DECEMBER 2025 Staff & Trustees 202S 2024 Gross waBes. salaries & benefits in kind employer's Naiional Insurance costs Pension costs 118,287 5.849 17,269 141,405 115.968 9,156 16.927 142.051 Total staff costs The charity has two full time equlvalent employed staff. Number of empknyees receivin8 emoluments above £60.(KKI: Ilemuneration payablè to key mana8ement lexdudin8Tru5teesl amounted to £109.9861£92,717 + pension £17,269) in the year12024.. £107,2601. Key management is conwdefed to cover the Dlrector employed by the tharity. No Trustee received any salary or reimbursed expenses in the year. The total amount of donations hbnded by TfUStees and connected partles was £7,1￿[2024.. £6,6%1. Tanilble Flxed Assets Total 2025 Total 2024 Motor vehicle cost- 8. frwd. Addition5 37,643 37,643 37.643 37,643 Offlce equipment cost- 8. hwd. Additions 3,848 1.193 5,041 1,964 Dlsposals 5.041 3,848 Accumula Motor vehicle5- B. fwd. Current year 37,643 33,943 3,700 37,643 37.643 3.848 1.193 5.041 Office equipment- 8. fwd. Current year 1,964 3,848 Di5P05315 S,041 3,848 Net book value Motor vehicles Office eouipment [12] aARION TRUST IIITEANATIOHAL FOR THE YEAR ENDED 31 DECEMBER Z025 Debtors and Prepèyrn•nts O¥erpayment recoverable Prepaymenis 104 212 316 Cred￿*￿*. Il•bllltlesl•lllr4duef*hfthln <>M year 2024 Taxes social security Other creditors + credlt urd 3.658 3.360 i.sy Accruals Deferred Incomè 5.662 5.914 Funds The restrirted funds represent •mounts re￿*￿￿ for sp￿lf￿ purposes ind the movements In the ye•r•re as lollows.. ¢Jp•nl In¢omlr Closl nt• Ministry trip5 Gfants U8anda Project 5,563 60.492 66A39 166.4391 45 429 60,492 45 14291 The assets and Ilabilitie5 represenied tyihe v•rious funds awe a5 follow5- T¢>t•l Restrkted funds 471 14291 2.502 2.073 Unrestritted fvnd5 4.446 5.346 7.419 L•yl Slrtusof th•Tru5t The Trust is a company Ilmlted by guarantee ar¥J has no share cap￿13[. In the e¥ent of the charlty belng wound up, the liability in re$pe¢t of the guarantee is limited to £10 per member of the chartty. [131