REGISTERED CHARITY NUMBER: 1153577
Report of the Trustees and
Financial Statements
for the Year Ended 31 March 2025
for
CAM International
Mcmillan & Co LLP
Chartered Accountants and
Slatulory Auditor
28 Ealon Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

CAM International
Contents of the Financlal Statements
for tho year ended 31 March 2025
Page
Reference and Admlnlslratlve Delalls
Report of the Trust8eS
Roport of th8 Independent Audltors
8 10 10
Stat8ment of Flnanclal Acllvltles
Balance Sheet
12
Cash Flow Statement
13
Notes to the Cash Flow Statamènl
14
Notes to th8 Flnanclal Statements
15 10 24
Detalled Statement of Financial Activitleg
25 10 26

CAM International
Reference and Admlnlstrative Details
for the year ended 31 March 2025
Charlty Name
CAM International
Reglstered Charlty Number
1153577
Charity's Principle Address
355 Blackpool Road
Preston
Lancashire
PR2 3AB
Trustees
Mr Paul Stephenson (Chair)
Rev Andrew Mcmanus
Mr Fletcher Kusaloka
Mrs Anne Dyer
Mr Gordon McKillop lappoinled 16104124)
Sollcltors
Edward Connor Solicitors
10 The Point
Market Harborough
LA16 7QU
Prlnclpal Bankors
The Co-operative Bank plc
Business Direct
PO Box 250
Skelmerdale
WN8 6WT
Invèstment Managers
Novia Financial plc
Trading as Weallhtime
Cambridge House
Henry Street
Bath
Somersel
BA1 1JS
Audltors
Mcmillan & Co LLP
28 Ealon Avenue
Matrix Office Park
Buckshaw Villago
Chorley
LancashSr8
PR7 7NA
Page 1

CAM International
Report of the Trustees
for the year ended 31 March 2025
The Trustees present their Annual Report and Financial Statements for the year ended 31 March 2025.
OBJECTIVES AND ACTIVITIES
ObJ8Ctives and activitles
The charity'5 purpose, as set out in th8 object contained in the CIO'S conslitulion, is the advancement of the
Christian religion and furtherance of charitable works worldwide. The activities of the charity fully reflect the
purposes for which it was sel up.
The charity works principally in the areas of evangelism, Bible and literature translation and dislribulion. Bible
teaching, education, youth and children's work, relief activities and medical work. This is primarily achieved
Ihrough the donation of funds lo associate missionary workars and lo local projacls with which thè charity is
partnering.
Currently the charity supports work in DR Congo. Zambia, Mozambique. Elhlopia and the African Diaspora In
the UK. Projects with which the charity is partnering are.. EvangelistslGhurch planters,. Bible Schools,. Prison
ministry.. Education,. Medical work; Church leadership training., Youth work,. Refuge85 and Displaced people.
Slgnlflcant actlvltles
The following projects have been undertaken in Ihe year-
Impact and Actlvltl68
During th8 financial year, CAM has continued lo advance ils mission of serving vulnerable communities
across Zambia, Mozambique, the Democratic Republic of Congo IDRCI, and Ethiopia. Through the
genefOUS SUPPOrt of our donors and partners, we have directed our resources toward initiatives that equip
individuals with practical skills, offer critical medical support, bulld educational foundatlons, and promo18
Christian lea¢hing and discipleship.
Skllls tralnlng In Zambla and Mozamblque
CAM invested a significant portion of ils incom& Into skllls Iralnlng programmes designed to empower local
communities in Zambia and Mozambique. These programmes provided a literacy program and vocational
training in areas such as carpentry. tailoring, cookery, masonry and mechanics, enabling beneficiaries lo
develop sustainable livelihoods. As a result, Individua15 and families are experiencing increased economic
resilience and self-reliance.
M8dlcal asslstance In Zambla and the DRC
Access to basic healthcare remains a challenge in the reglons we seNe. Thls yéar, CAM funded medical
initiatives and supported local health centres in both Zambia and th8 DRC. These efforts included the
provision of essential medicines, health education, and mobile clinics reaching remole areas. Hundreds of
individua15, including children and the 81derly, r8c8ived medical attention. contributing to improved health
oulcomes and wellbeing.
Constructlon of a prlmary school In Mozamblque
Education is a cornerstone of long-lerm community transfomallon. In Mozambique, we helped finance the
construction of a new primary school. Thls, together with the exisling pre-school, now provides access to
edLicalion for over 150 children who previously had limited or no schooling opportunities. The school not only
delivers academic learning but also promotes values of integrity, responsibility, and hope, in line with our
Christian ethos.
Page 2

CAM International
Report of the Trustees
for the year ended 31 March 2025
OBJECTIVES AND ACTIVITIES
Provlslon of Ilterature in Zambla and tha DRC
Throughout the year, we distributed thousands of copies of Christian literature in local languages across
Zambia and the DRC. This included Bibles, discipleship materials, and study guides, which have supported
pastors, church leaders, and believers in their faith journeys. These resources have been instrumental in
slrengihening churches and fostering spiritual growlh in rural and urban communities alike.
Evangelism and Bible teaching
CAM has actively supported evangellsm and Bible teachlng In Zambia, Mozambique, Elhiopla, and the DRC.
Through Bib18 conferences, training seminars. and local mission outreaches, hundr8ds of church leaders
and laypeople were equipped with sound blblical tèaching. Evangelistic efforts led lo new churches being
planted, and many individuals made personal commitments to follow Chri51.
This year h8s been marked by chall6ng85, financial blessing and profound impact. The income we received
has been faithfully stew8rded to make a tangible difference in the lives of those we serve. As we look
fO￿ard lo the year ahead, we remaln comrnitted to our mission.. transforming lives through practical help,
education, and the message of hope found in the Gospel.
Publlc benefit
The Iruslees have considered the Charity Commlsslon's guidance on public benefit, in particular that relating
lo the advancement of religion, the advancem8nt of health and 6clucation, and the reli8f of pov8rty. 11 is
their belief that the activities of the charity comply with th8ir duty of due regard lo the commission's public
benefit guidance when exercising any powers or duties to which the guidance is relevanl.
PLANS FOR THE FUTURE
A major consideration for the charity continues to be the slrenglhening of existing partnerships with different
projects and personnel and future extension beyond the charity's current areas of work.
The trustees conlinue to be open to consider applications from suitable personnel who feel called to
mlssionary work with the charity.
Page 3

CAM International
Report of the Trustees
for the year ended 31 March 2025
ACHIEVEMENTS AND PERFORMANCE
Investment performance
Investment Strategy and Allocation
The funds for CAM International have been invested into globally diversified portfolios managed by Timeline
Portfolios. specifically the "Timeline ESG Classic 60" and 'Timeline ESG Classic 40.. Thes8 Portfolios are
designed to achieve long-term growth while adhering to environmental, social and governance IESGI
standards. aligning with Ihe charity's ethical objectives. The investments are held within Weallhlime General
Inveslmenl Accounts {GIAsl, with the following allocations:
Tlmeline ESG Classlc {2°A Cashl 60:
Equities
Bond5
Cash
60/0
2%
Geographical spread for the portfolio..
North Amerlca
Europe
Emerging markets
United Kingdom
Pacific
Other
49°
140
130
13010
20
Tlmellne ESG Classlc1201• Cash) 40:
Equities
Bonds
Cash
40/0
58°/0
2%
Geographical spread for the portfollo..
North America
Europe
Emerging mark8ls
United Kingdom
Pacific
Other
430/0
16Q/o
180/0
The portfolios consist of equily and bond funds focused on ESG-compliant companies, diversified across
multiple regions lo mitigate counlry-specific risks.
The new funds from the legacy gift were invested in Febnjary 2025 and allocated to thè above ESG-focused,
globally diversified portfolios.
Timeline ESG Classic 60 Invested £1,775,000, retumed 4.920/0 (February to March 20251 due to ils 60%
equity exposure. particularly in North America (49Q/ol. and primarily due to being hil by lariff-relaled declines.
The market drop happened on the 2nd April. Since then this loss has reduced and been clawed back to
-2.38Q/..
Timeline ESG Classic 40: Invested £1,775,000, relumed -3.25%, with lower losses due to the lower
concentration of equities. Since the year end, this loss has reduced and been clawed back lo -1.170/..
Page 4

CAM International
Report of the Trustees
for the year ended 31 March 2025
The tariff-induced market drop primarily impacted equity valuations in North America, a koy region for both
portfolios. The "60" portfolio's higher equity weighting resulted in greater losses compared lo the "40.
portfolio, which benefited from bond stability. These short-term losses lover a two-monlh period) contrast
with the portfolios, strong long-term perfomiance, as they are designed to weather market fluctuation5 and
deliver growth over extended horizons. While short-temi losses occurred due to market conditions in early
2025, the portfolios have historically outperformed their Morningstar benchmarks over 3, 5. and 10-year
periods, reflecting their suilabilily for long-term growth. The investment strategy aligns with CAM
International's ESG values and aims to miligale risks through diversification. The board should consider
these short-lerm fluclualions in the context of the charity's long-lerm objectives and risk tolerance.
FINANCIAL REVIEW
Flnanclal posltlon
Tho stale of the charity's affairs is consid8r6d to be 5alisfactory. Excluding investment income and legacy
gifts, the lolal of other gifts and donations have decreased from the previous year, which reflects the impact
of the cost-of-living crisis and other current world issues.
Total funds as shown on the balance sheet are now £4,884,431. Of this cash al bank was £124,065 and the
market value of the investments was £4,755,006, showing an increase of £4,002,827 which reflects the
receipt of a generous legacy gift during this financial year.
Reserves policy
The trustees recognise that.. (i) the risks assoclaled with working in Alrlca (sickness, civil unrest, elcl could
have serious financial repercussions and (li) a falloff In thè level of donations would considerably curtail the
charity's activities.
To adequately cover these evenlualitl8s and lo provide an emergency buffer to smooth out fluclualions In
income, CAM International's Ifustees have agreed to maintain a reserve fund in the region of £500,000
to cover the expected commitments in th6 year. in order lo allow the beneficiaries lo adequately plan for their
projects.
Following the exceptional legacy received in Ihe year, the level of reserves held by th8 Trustees will exceed
their policy, whllsl thèy make decisions on dislribulions.
Th8 IrLtsle85 conslder that ils principal asset, the property at 355 Blackpool Road, Preston, has a mark81
value of £150.000.
Funds Recelved by the Charlty
Th8 charity is almost 10001. dependent on voluntary donations from churches, individuals and other
organisations to sustain ils aclivilies, both overseas and in the UK office. All gifts, bequests and other
income received have been applied to th8 work of mission8ries and workeTS or to costs associated with
running the charity. All restricted funds ar8 used solely for the purposes slated by the donors.
Al 31 sl March 2025 funds held by the charity were as set out in note 17 of the financial statements.
Reslricled Funds.. 11 should bo noted that a proportion of the funds held by the charity are restricted funds.
These represent funds for whlch the donors have stipulated a specific usage. Such funds can only be used
in accordance with tho donor's slated purposes and cannot be applied to any other project or activity within
the charity.
'Reslricted Funds
'Charitable Aclivilies, represents (i) the running balance of funds received for specific
projects and funds expended on those activities.. and {iil funds received up-front for fulure projects.
'Reslricled Funds - Raggall Fund, represents the continuing funds from a large donation received in 1952
primarily lo provide financiallmalerial help for retired, long-lerm missionaries who often experience financial
difficulties on retiremenl and for help in exceptional circumslancos for Cu￿ent missionaries and workers.
Page 5

CAM International
Report of the Trustees
for the year ended 31 March 2025
FINANCIAL REVIEW
Investment Pollcy
The Trustee5 hold the responsibility lo invest the charity's funds for long-tem growth whilst having funds
readily available for current or emergency needs. All investments made by the Iruslees are reviewed on a
regular basis. The charity has appointed a professional investment management firm lo manage a
significant proportion of the charity's inveslmenls, on an advisory basis. The investment manager provides
a performance report on a quarterly basis.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Structure. governance and management
CAM Int8rnalional is a Foundation model Charitable Incorporated Organisalion ICIOI registered with the
Charity Commission. The charity's activitie5 are regulated by a constitution document ¢Jaled 29 August 2013.
The day lo day management of the charity is in the hands of the Administrator, in consultation with the Chair
and the other Trustees as necessary.
CAM International is the successor charity of the charitable trust Central African Missions {reg. no. 1049246
now listed on the Charity Commission's Register of Mergers), formerly known as Zaire Evangelistic Mission,
which in it's turn was the successor charity to Congo Evangelistic Mission Ireg. no. 2507791. These changes
reflect either political upheavals in Africa (particularly the change of counlry names) or the changing charily
Scene In the UK.
The Trustees acknowl8dge with thanks. over 100 years of continuous missionary activity in Africa sinc8 It's
first missionarias, William FP Burton and James Salter, arrived al Mwanza, Katanga, Belgian Congo on 1
September 1915. CAM International ¢onlinu8s lo maintain th8 s8m8 objectives and aim5 as il's found8rs.
Trustees
The Trustees of the ¢harlly are.,
Mr Paul Stephenson (Chairl
Rev Andrew Mcmanus
Mr Fletcher Kusaloka
Mrs Anne Dyer
Mr Gordon McKillop (appointed 161041241
Trustees are appointed for a 3-year period and are eligible for reappointmant. The continuing Iruslees
appoint charity trustees.
All Irusteos give of their time freely and receive no remuneration.
Trust88s' meetings are normally held four times a year. At these the trustee5 meet with the Chair and
Administrator to consider and review all major activiligs of the charity, make any necessary decisions, and
give any necessary instructions lo the Administralor. In between trustee5' meetings the Administrator will
consult the trustees by telephone or email when necessary.
Trustee training lakes place when needs are identified by the Trustees.
Page 6

CAM International
Report of the Trustees
for the year ended 31 March 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Rlsk management
During the past year all the mission Policies and Procedures have been updated. All risks were reviewed
and no further action has been identifièd. The situation is unstable in some of the areas where CAM
International operates, but the trustees and missionaries keep an eye on the situation so that they can
respond accordingly. The financial situation of the charity is currently stable.
The significant rlsks identified were the risks associated with working in Africa, such as illness and civil
unrest, and a falloff in donations. The risks are managed by individual risk assessments for missionaries
Iravelling lo Africa, and by maintaining a reserves policy to ensure that the charity can continue if donations
did reduca.
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The Iruslees are responslbl8 for preparing the Irus188s' report and Ihe financial statements in accordance
with general applicable law and United Kingdom Accounting Standards (United Kingdom General Accepted
Accounting Practice).
The law applicable to charitie5 in England and Wales requires the trustees lo prepare financial statements
for each financial year which give a true and fair vi8w of the slate of affairs of the charity and of the incoming
resources and application of resources of thg charity for that period. In preparing these financial slalemenls,
the Iruslees are required to..
sel8cl suitable accounting policles and then apply them consistently.
observe the methods and principles in the Charities SORP 2015.
make judgements and 8slimales that are reasonable and prudent.
stat8 wh8lh8r applicable accounting standards have b88n followed, subject to any maleiial
departures disclosed and 8xplain8d in the financial slatemenls.
prepare the financial statements on the going concern basis unlèss il is Inappropriate to presume
that th8 charity will ¢ontinue in business.
The Iruslees are responsible for keeping proper accounting records that disclose with reasonable 8ccuracy
at any lime the financial position of the charity and enable them to ensure that the financial slalemenls
comply with the Charitles Act 2011, the Charities {Accounts and Reports) Regulations 2008, and the
provisions of the trust deed. Th8y are also responsible for safeguarding the assets of the charity and hence
for taking reasonable steps for the prevention and deleclion of fraud and other irregularitles.
The Trustees recognlse thelr responsibllity for ensuring that the Chariiy has up-lo-d8te Pollcie5, including
Safeguarding, Dats Proleclion, Equal Opportunities, Health and Safety and Investment policies.
AUDITORS
The auditors, Mcmillan & Co LLP, will be proposed for re-8ppoinlment al the forthcoming Irusl88s meeting.
Approved by order of the board of trustees on 26 August 2025 and slgned on Ils behalf by..
P Stephenson - Trustee
Page 7

Report of the Independent Auditors to the Trustees of
CAM International
Oplnlon
We have audited the financial slalemenls of CAM International Ith8 'charity'l for the year ended 31 March
2025 which comprise the Statement of Financial Activities. the Balance Sheet. the Cash Flow Statement and
notes to the financial statements. including a summary of significant accounting policies. The financial
reporting framework that has been applied in their pr8paration 15 applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted AGGounling PractiC81.
In our opinion the financial stalements..
give a true and fair view of the state of the charity's affairs as 81 31 March 2025 and of Sls IncomSng
rèsources and applicalion of r8sources, including ils income and expenditure, for the year then ended.,
have been properly prepared in accord8nce with Uniled Kingdom Generally Accopted Accounting Practice-
and
have been prepared in accordance with the requirements ofthe Charities Act 2011.
Basls for opinlon
W8 conducted our audit in accordance with International Standards on Auditing (UK} (ISAS (UK}l and
applicable law. Our responsibilities under those standards are fLtrther described in the Auditors,
responsibilities for the audit of the financial statements section of our report. We are independent of the
charity in accordance with the elhlcal requirements that are relevant lo our audil of the financial slalemenls
in the UK, including the FRC'S Ethical Slandard, and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe that the audit evidence wo have obtained is sufficient and
appropriate lo provide a basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financial statements, we have concluded that the trustees. use of the going concern basis of
accounting In the preparation of the financial slalements is appropriate.
Based on the work we have performed. we hav& not identified any material uncertainties relating to events or
conditions Ihal. individually or collectively, may casl significant doubl on the charity's ability lo continue a5 a
going concern for a period of at least twelv8 months from when the financial slalements are aulhorised for
issue.
Our responsibilities and the r8sponslblllll8s of the Iruslees wilh resp8cI lo going conc&rn are described in the
relevant sections of this report.
Other Informatlon
The Irusl8es ara responsible for the other informatlon. Th8 Othar Infomation comprisès th8 Information
included in the Annual Report, other than the financial statements and our Report of the Indep8nd8nl
Auditors Ihereon.
Our opinion on the financial sla16ments doe5 not cover Ihe other information and, except lo the ex18nl
otherwise explicitly slated in our report, we do not express any form ol assurance conclusion thereon.
In connection with our audit of the financial slalements, our responsibility is to read the other information
and, in dolng so, consider whether the other information is materially inconsislenl with the financial
statements or our knowledge ob18ined in the audit or otherwise appears to be materially misst81ed. If we
identify such material inconsistencies or apparent malerial misslatemenls. we are required to delermine
whether this gives rise lo a materlal missta18menl in the financial slalernonls Ihemselves. If, based on the
work WEI have perfortned, we conclude that there is a material tnisstaletnenl of this other information, we are
required lo report that fact. We have nothing lo report in this regard.
Page 8

Report of the Independent Auditors to the Trustees of
CAM International
Matters on which we are requlred to report by exceptlon
In the light of the knowledge and understanding ol the charity and ils environment obtained in the course of
the audit. we have not identified material misslalements in the Report of the Trustees.
We have nothing lo report in respect of the following matters where the Charities IAccount and Reports)
Regulations 2008 requires us lo report to you if, in our opinion..
the information given in the Report of the Trustees is inconsistent in any material resp8Ct within the
financial statements- or
the charity has not kept ad8quate accounting records., or
the financial statemenls are not in agreement with the accounting records and returns; or
We have not received all of the information and explanations w6 requira for our audit.
Responsibilities of trustées
As explained more fully in the Statemenl of Trustees, Responsibililies, the Iruslees are responsible for the
preparation of tha financial statements and for being satlsfied that they give a true and fair view, and for such
internal control as the trustees determine is necessary to enable the preparation of financial slalemenls that
are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing Ihe charity's abllily lo
continue as a going concern, disclosing. as applicable, matters related to going concern and using th8 going
concern basis of accounting unless the Iruslees either intend lo liquidat6 the charity or to cease operations,
or have no realistic altèrnative but to do so.
Our responslbllltles for thè audlt of the flnanclal statem8nts
We have been appointed a5 auditor under section 144 of the Charities Act 2011 and report in accordance
with the Act and r81evanl regulations made or having 8ffe¢l thereunder.
Our oblecliv8s ar8 to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstatement, whether du8 to fraud or error, and lo issue a Report of the Indepandenl
Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a
guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misslalemenl
whèn it gxisls. Misslalemenls can aris8 from fraud or error and are considered material If. individually or In
the aggregate, they could reasonably be expected to influence the economlc d8clslons of users taken on the
basis of these financial statements.
The extent lo which our procedures are capable of delecllng irregul8rilies, including fraud is delailed below..
Our approach to identifying and assessing the risks of material mis5t8lement in respect of irregularities,
including fraud and non-compliance with laws and regulations, was as follows..
the engagement partner 8nsured th8t the engagem8nt team collecliv61y had the appropriate
competence, capabilities and skills to identify or recognise non-compliance with applicable laws
and regulaliong..
we identified the laws and regulations applicable lo the charity through discussions with Iruslees
and management, and from our knowledge and experience of the sector.,
we focused on specific laws and regulations which we considered may have a direct material effect
on the financial stalemonts or the operations of the charily, including the Charities Act 2011 and the
Charities SORP, taxation legislation and data protection. anli-bribery. employment, environmental
and health and safely legi51alion, particularly in relation to the safe-gLJarding of young persons.,
we assessed the exlenl of compliance with the laws and regulations identified above through
making enquiries of trustees and management and inspecting legal correspondence,, and
identified laws and regulations were communicated within the audit team regularly and the team
remained alert lo instances of non-compliance throughout the audit.
Page 9

Report of the Independent Auditors to the Trustees of
CAM International
We assessed the susceptibility of the charity's financial statements to material misstatement, includlng
obtaining an understanding of how fraud might occur, by:
making enquiries of trustees and managemenl as lo whare they considered there was susceptibility
to fraud. their knowledge of actual, suspected and alleged fraud,. and
considering ihe internal controls in place lo mitigate risks of fraud and non-compliance with laws
and regulallons.
To addr8$5 the risk of fraud through management bias and override of controls, w6..
performed analyiical procedures lo identify any unusual or unexpected relationships.,
tested journal entries lo identify unusual transactions,
In response to the risk of irregularities and non-compliance with laws and regulations, we designed
procedures which included, bul w8re not limited to,.
agreeing financlal slalement disclosures to underlying supporting documentation.,
réading the minutes of meetings of those charged with governance.,
8nquiring of trustees and man8gement as to actual and potential liligalion and claims; and
reviewing correspondence with Local Government bodies, HMRC, relevant regulators including
the Health and Safety Executive, and the charity's legal advSsors.
There are inherent limitations in our audit procedures described above. The more removed that laws and
regulations are from financial transactions. the less likely il is that we would become aware of
non-compliance. Auditing standards also limit the audit procedures required lo Idgntify non-compliance with
laws and regulallons to enquiry of the Irusteos and other management and the inspection of regulatory and
legal correspondence, if any.
A further description of our r8sponslbllltles for the audit of the financlal statements is located on th8 Flnancial
Reporting Council's websit8 al www.fr¢.org.uklaudilorsresponsibililies. Thls descriptlon forms part of our
Report of the Indapendent Auditors.
Use of our rèport
This report is made solely to the charity's trustees, as 8 body, in accordance with Part 4 of thè Charitiés
(Accounts and Reports) Regulation5 2008. Our audit work has been underiaken so that w8 might slate lo the
charity's trustees those matters we are required lo slate to them in an auditors, report and for no other
purpose. To the fullest exlent permitted by law, we do not accept or assume responsibility to anyone other
than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we
have formed.
A- q
Andrea Gerring FCA (Senior Statutory Audilorl
for and on behalf of Mcmillan & Co LLP
Chartered Accountants and
Slalulory Auditor
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA
Dat8-
Page 10

CAM International
Statement of Financial Actlvltles
for the year ended 31 March 2025
2025
Total
funds
2024
Total
funds
Unrestficled
funds
Re5triclgd
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
4,077.744
585,504
4,663,248
368,078
Other tradlng activities
Investment income
1,505
1,505
4,036
1.366
1,619
Total
4 083 285
585 504
4 668 789
371,063
EXPENDITURE ON
Raising funds
12,728
12,728
12.653
Charltable activStles
Missionery Field expenses
UK Ministry Fund expenses
UK personal funds
Raggalt fund
Management and administration
162,755
1,773
18,571
12,460
162,755
1,773
18,571
12,460
156 855
263,522
2,239
40,645
14,359
225.228
156855
Total
169,583
195,559
365 142
558,646
N81 gainslllosses) on Investm8nts
259 1141
259 1141
91,970
NET INCOMEI{EXPENDITURE)
Transfers between funds
3,654,588
389,945
4,044,533
195,613)
17
Net movement In funds
3,644,896
399,637
4,044,533
195,613)
RECONCILIATION OF FUNDS
Total funds brou9hl foNard
258,182
581,716
839,898
935,511
TOTAL FUNDS CARRIED FORWARD
3 903 078
981 353
4 884 431
839,898
The notes fomi part ofthese financial statements
Page11

CAM International
Balance Sheet
31 March 2025
2025
Total
fund8
2024
Total
funds
Unrestricted
funds
Restricted
funds
Notes
FIXED ASSETS
Tangible assets
Investrnenls
12
2,240
13 3,773,653
2,240
4,755,006
2,649
752,179
981,353
3,775,893
981,353
4,757,246
754,828
CURRENT ASSETS
D8blors
Prepayments and accrued incom8
Cash at bank and in hand
14
9,283
2,572
124 065
9,283
2.572
124,065
7,070
2,542
79,071
15
135,920
135,920
88,683
CREDITORS
Amounts falling due within one year
16
18,735)
18,735)
13,613)
NET CURRENT ASSETS
127 185
127 185
85,070
TOTAL ASSETS LESS CURRENT
LIABILITIES
3,903,078
981,353
4,884,431
839,898
NET ASSETS
3 903 078
981353
4 884 431
839 898
FUNDS
Unreslricled fLtnds
Reslricled funds
17
3.903,078
981.353
258,182
581.716
TOTAL FUNDS
4 884,431
839,898
The financial statements were approved by the Board of Trustees and 8ulhorised for issue on
26 August 2025 and were signed on ils behalf by..
P Sleph&nson - Trustee
The notes fom part of these financial statements
Page 12

CAM International
Cash Flow Statement
for the year ended 31 March 2025
2025
2024
Notes
Cash flows from operatlng actlvltlos
Cash generated from operations
4 302 899
180,202)
Nel cash provided byllused in) operating activities
4 302,899
180,2021
Cash flows from investing activilies
Purchase of tangible fixed assets
Purchase of fixed asset inveslrnents
Withdrawals and charges on investments
Interest received
11,1411
(4,291,016)
29,075
4.036
139,208
1,819
Nel cash (used in}Iprovided by investing activities
4 257 905)
139,686
Change In cash and cash equlvalents
In the reportlng perlod
Cash and cash equlvalent8 at the
beginnlng of the reportlng perlod
44,994
(40,516)
119,587
Cash and cash equlvalents at the end
of the reportlng perlod
124 065
79,071
The notes fomi part of these financial statements
Page 13

CAM International
Notes to the Cash Flow Statement
for the year ended 31 March 2025
RECONCILIATION OF NET INCOMEI(EXPENDITUREI TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2025
2024
Not Incomellexpendlturel for the reportlng perlod las per Ihe
Statement of Flnanclal Actlvlties)
Adjustments for:
Depreciation charg8S
Lossesllgain) on investments
Interest rec8ived
Ilncreaselldecrease in debtors
Increase in creditors
4,044,533
(95,613)
409
259,114
14,0361
{2,2431
218
{91,970}
{1,619}
7,919
863
Net cash provlded byl{usèd In) operatlons
4 302,899
180,2021
ANALYSIS OF CHANGES IN NEf FUNDS
At 114124
Cash flow
At 3113125
Net cash
Cash at bank and in hand
124,065
124,065
Total
124 065
The noles form part of these financial statements
Page 14

CAM International
Notes to the Flnancial Statements
for the year ended 31 March 2025
ACCOUNTING POLICIES
Basls of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102. have been
prepared in accordance with tho Charilies SORP (FRS 1021 'Accounting and Reporting by Charities..
Statement of Recomrnended Practice applicable to charities preparing their accounls in accordance
with the Financial Reporting Standard applicable in th8 UK and Republic of Ireland IFRS 102}
(effective 1 January 2019}', Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland,. The financial slalements have been prepared Ljnder the
historical cost convention, with the exception of investments which are included al market value, as
modified by the revaluation of certain assels.
In preparing the financial statements, there are no material uncartainties about the Charity's 8billly to
continue as a going concern and they are presented using the Pound Sleding 1£) and the amounts in
tho financial statements have been rounded to the nearest £1.
Comparable amounts
The financial slalements to 31 March 2024 presented the fund balances within creditors. These
amounts have been presènted as comparaliv6S to the funds in the year. There are no changes lo the
8mounls.
Income
All income is rècognised in thè Statemènt of Financial Aclivill@s once the ch8rily has enlit18m8nl to the
funds, il is probable that the income will be received and the amount can be measured r81iably.
Exp8ndSture
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
commilling the charity lo that expenditure, il is probable that a transfer of economic benefits will bo
required in settlement and the amount of the obligation can be measured reliably. Expenditure Is
accounted for on an accruals basis and has been classified under headings that aggregate all cost
relal8d lo the category. Where costs cannot be directly allributed to particular headings they have
been allocated to aclivilles on a basis consistent with the use of resources.
Tanglble flxed assets
Deprecialion is provid8d al Ihe following annual rates in order to write off each asset over its
estimated useful life.
Plant and machinery
150/0 on reducing balance
Freehold property is not depreciated
TaxatSon
The charily is exempt from corporation tax on its charilable aclivilies.
Fund accountlng
Unreslricled funds can be used In accordance with the charilable objectives at the dlscretion of the
trustee5.
Restricted funds can only be used for particular restricted purposes within the objects of the charily.
Restrictions arise when specified by the donor or when funds are raised for p8rti¢ular reslficled
purposes.
Further explanation of the nature and purpose of each fund is included in the notes lo the financial
slalemenls.
Pension costs and othor post-retlrement benefits
The charity operates a defined contribution pension scheme. Contributions payable lo Ihe charity's
pension scheme are charged to the Slalement of Financial Aclivilies in the period to which Ihoy relate.
Page 15
continued...

CAM International
Notes to the Financial Statements - continued
for the year ended 31 March 2025
ACCOUNTING POLICIES - contlnued
Invostmenls
Investments are included at current market value. Any unrealised gain or loss is applied to the
relevant fund account. All investment income received is allocated between Ihe fund accounts on
behalf of which the investments are held.
Reallsed galns and losses
All gains and losses are taken lo the Statement of Financial Activities as they arise. Realised gains
8nd losses on investments are calculated as the diff8rence between sales proceeds and their opening
carrying value or their purchase value if acquired subsequent to the first day of Ihe financial year.
Unrealis8d gains and losses are calculated as Ihe differ6nce betW8en the fair valu8 al the year end
and their carrying value. Realisad and unrealised investment gains and losses are combined in th8
Statement of Financial Activities.
Flnanclal Instrumont8
Financial instruments are classified and accounted for according to the substance of the conlraclual
arrangement as financial assets, financial liabilities or equity inslrumenls. An equity instrument is any
contract that evidences a residual inlerast In the asse15 of the charity after deductlng all of ils
liabilities,
DONATIONS AND LEGACIES
2025
Total
funds
2024
Total
funds
Unrestricted
funds
Reslricled
funds
Gifts and donations
Legacies
36,952
4 040 792
185.504
400 000
222,458
4 440 792
310,910
57,168
4 077 744
585 504
4 663,248
368,078
OTHER TRADING ACTIVITIES
2025
Total
funds
2024
Total
funds
Unrestricted
funds
Re51rlcled
funds
Magazine incom8
INVESTMENT INCOME
2025
Total
funds
2024
Total
funds
Unrestricted
funds
Reslricled
funds
Deposit account interest
Current assat investment income
857
857
1,619
1,619
Page 16
continued...

CAM International
Notes to the Flnancial Statements - continued
for the year ended 31 March 2025
RAISING FUNDS
other tradlng actlviti08
2025
Total
funds
2024
Total
funds
Unreslricled
funds
Restricted
funds
Purchases
12,728
12,728
12,653
CHARITABLE ACTIVITIES COSTS
Support
costs (see
note 71
Direct
Costs
Totals
Missionery Field expenses
UK Ministry Fund 6xponses
UK pèrsonal funds
Raggall fund
Management and adminislralion
162.755
1.773
18,571
12,460
148 293
162,755
1,773
18,571
12,460
156 855
8,562
352,414
SUPPORT COSTS
Governance
costs
Management and administration
NET INCOMEI{EXPENDITURE)
Net incomellexpendilurel is stated after chargingl{crediting)'.
2025
2024
Auditors, remuneration
Auditors, r8rnuneration for non audit work
Depreciation owned asse15
6,000
2,562
409
1,794
218
TRUSTEES, REMUNERATION AND BENEFITS
There were no Iruslees, remuneration or other benefits for the year ènded 31 March 2025 nor for tha
y6ar ended 31 March 2024.
Page 17
continued...

CAM International
Notes to the Flnancial Statements - continued
for the year ended 31 March 2025
TRUSTEES, REMUNERATION AND BENEFITS - contlnued
Trustees. oxpenso8
There were Iruslees, expenses paid for the year ended 31 March 2025 of £1,399 (2024 - £nill
10. STAFF COSTS
2025
2024
Wage5 and salaries
Social security costs
Oth9r pension costs
36,555
6,021
47,756
7,772
1,591
43,994
57.119
The average monthly number of employees during the year was as follows..
2025
2024
Adminislralion
No employees rec8ivèd amolumenls in excess of£60.000.
RECOGNISED REALISED AND UNREALISED GAINS OR LOSSES
The realised and unreallsed galns or losses Included in the financial statements are as follows;
2025
2024
Realised gainslllossesl
Inv6slm&nt properties
List8d investments
259114
52,921
259,114}
52,921
Unrealiséd gainslllossesl
Inveslmenl properties
Listed investments
Total gainsl{losses)
259 1141
Page 18
continued...

CAM International
Notes to the Financial Statements - continued
for the year ended 31 March 2025
12. TANGIBLE FIXED ASSETS
Freehold
propety
Plant and
machinery
Totals
COST
At 1 April 2024 and 31 March 2025
4,665
DEPRECIATION
Al 1 April 2024
Charge for year
3,516
409
3,516
409
At 31 March 2025
3,925
NET BOOK VALUE
At 31 March 2025
740
2.240
At 31 March 2024
1,500
2,649
13. FIXED ASSET INVESTMENTS
2025
2024
Shares
Cash funds held by inveslm8nl manager
4,259,469
495,537
731,038
21,141
4 755 006
752,179
Additional information as follows..
Llsled
investments
MARKET VALUE
At 1 April 2024
Additions
Withdrawals
Revaluatlons
731.038
3,816,620
129,0751
259 114)
At 31 March 2025
4 259 469
NET BOOK VALUE
Al 31 March 2025
4 259 469
Al 31 March 2024
731,038
The listed investments are analysed over the page..
Page 19
continued...

CAM International
Notes to the Financial Statements - continued
for the year ended 31 March 2025
13. FIXED ASSET INVESTMENTS - contlnued
Classlc 40 Investment
2025
North America
Europe
Emerging Markets
United Kingdom
Pacific
Other
43°/0
16°/0
120/0
18°/0
£1,178,919
£438,667
£329,001
£493,501
£246,750
£54,833
Total
100°/
£2,741,671
Classlc 60 Investment
2025
North America
Europe
Emerging Markels
United Kingdom
Pacific
Other
£986,534
£281,867
£261,734
£261,734
£181,200
£40,267
130/.
13./0
9/0
2/0
Total
100tsA £2,013,335
Investments (neither listed nor unlisted) wère as follows:
2025
2024
Cash funds held by invèstment manag8r
495,537
21,141
14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Other debtors
7,070
Page 20
continued..

CAM International
Notes to the Financial Statements - contlnued
for the year ended 31 March 2025
15. CASH AT BANK AND IN HAND
2025
Total
funds
2024
Total
funds
Current account
Bank deposit
601
123,464
1,299
77,772
Total
124 065
79,071
16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Olh8r credilors
Accfuals and deferred income
107
8,628
224
3,389
3,613
17. MOVEMENT IN FUNDS
Not
movement
in funds
Transfers
b8tween
funds
At 114124
At 3113125
Unrestrlcted funds
Trustees, reserves
Legacies
New fields, funds
Candidates, funds
Lileralur8 & Press account
Plane Fund
Christmas fund
Directors allocation fund
Africa fund
Africa travel fund
Training and monitoring
Partnerships
loo,000
{329,282)
3,980,673
329,282
{338,9741
100,000
3,641,699
2,779
5,327
8,578
132,325
2,779
5,327
8,578
132,325
52
2,000
(1,675)
4,546
1,749
2,501
(50)
2,000
1,675
2,313
(41)
6,859
1,708
258,182
3,654,588
19,692)
3,903,078
Restrlcted funds
Raggall Fund
Missionary field accounts
Missionary UK personal funds
UK Ministry funds
301,432
275,078
2,111
(12,460)
403,595
(497)
9,692
298,664
678,673
1,614
2,402
581716
389,945
9,692
981353
TOTAL FUNDS
839,898
4 044 533
4 884 431
Page 21
continued...

CAM International
Notes to the Financial Statements - continued
for the year ended 31 March 2025
17. MOVEMENT IN FUNDS - contlnued
Net movement in funds, included in the above are as follows=
Incoming
resources
Resources
expended
Gains and
losses
Movement
in fund5
Unrestrlcted funds
Trustees, reserves
Legacies
Christmas fund
Africa fund
Africa Iravel fund
Training and monitoring
Partnerships
25,664
4,040,791
2,155
1,675
7,500
{95,832) (259,114) 1329,2821
(60.118)
3,980,673
12,205)
(501
1,675
2,313
(411
{5.187
141)
4,083,285
(169,583)
1259,114)
3,654,588
Restrlct8d funds
Raggall Fund
Missionary field accounls
Missionary UK personal funds
UK Ministry funds
{12,460)
1162,755)
{18,571)
112,4601
403,595
14971
6931
566,350
18.074
585 504
195 559)
389.945
TOTAL FUNDS
4 044 533
Page 22
conlinued...

CAM International
Notes to the Financlal Statements - continued
for the year ended 31 March 2025
17.
MOVEMENT IN FUNDS - continued
Comparatives for movement In funds
Net
movement
in funds
Al 114123
Al 3113124
Unrestrlcted funds
General fund
Trustees, reserves
Ltsgacies
Naw fields. funds
Candidates, funds
Literature & press account
Plane Fund
Christmas fund
Directors allocation fund
Africa fund
Africa travel fund
Training and monitoring
Partnerships
237,881
58,442
157,1681
2,779
5.327
8.578
132,325
12,5101
2.000
16,675)
116,9041
{5011
1237,8811
41,558
57,168
100,000
2,779
5,327
8,578
132,325
52
2,000
11,6751
4,546
1,749
2,562
5,000
21,450
2,250
7,500
358,575
1100,393)
258,182
Restrlcted funds
Raggatl Fund
Missionary field accounts
Missionary UK personal funds
UK Ministry funds
257,621
297,385
15,647
6,283
4,780
262,401
297,385
17,241
4,689
1,594
576 936
4.780
581716
TOTAL FUNDS
935,511
95,6131
839,898
Page 23
continued...

CAM International
Notes to the Flnanclal Statements - continued
for the year ended 31 March 2025
17.
MOVEMENT IN FUNDS - contlnuad
Comparative net movement in funds, included in Ihe above are as follows:
Incoming
resources
Resources
expended
Gains and
losses
Movement
in fLJnds
Unrestrlcted funds
General fund
Trustees, reserves
Legacies
Chrislmas fund
Africa fund
Africa travel fund
Training and monitoring
Partnerships
1237.881)
1237,881)
41,558
57,168
2,562
5,000
21.450
2,250
7,620
57,168
2,562
5,000
21,450
2,250
33.938
103,550
{237,881 }
33,938
1100,393)
Restrlcted funds
Raggall Fund
Missionary field accounts
Missionary UK person81 fund5
UK Ministry funds
156
241,196
25,516
645
114.3591
{263,5221
140,6451
2,239)
18,983
22,326
16,723
4,780
1,594
267,513
320.765
58,032
4,780
TOTAL FUNDS
371,063
558,646)
91,970
95.613)
The material funds of the charity are as follows:
Restrlcted funds
Raggalt Fund - this is a fund maintained lo provide for retired missionaries and workars. who often
experience financial difficullies. It can also be used for current missionaries and workers on an
exceptional basis.
Missionary Fleld 8ccounls thls fund Is for the d8y lo day projects of the missionaries delivering the
ch8rilies objectives overseas.
Unrestrlcted deslgnated funds
Plane fund this fund is designated for travel by workers and missionaries.
18. RELATED PARTY DISCLOSURES
Thero were no related party Iransaclions for the year ended 31 March 2025, nor for the year ended 31
March 2024.
Page 24

CAM International
Detailed Statement of Flnanclal Actlvltles
for the year ended 31 March 2025
2025
Total
funds
2024
Tolal
funds
Unrestricted
funds
Rèstricted
funds
INCOME AND ENDOWMENTS
Donations and legaclès
Gifts and donations
Legacies
36,952
4 040 792
185,504
400,000
222,456
4,440,792
310,910
57,168
4,077,744
585,504
4,663,248
368,078
Other tradlng actlvltle8
Magazine inGome
1,505
1,505
1,366
Investment Incom8
Deposit account interest
Current asset investment income
857
857
3,179
1,619
4,036
1.619
Total incomlng r650urces
4,083,285
585,504
4,668,789
371,063
EXPENDITURE
Other tradlng actlvltles
Cost of sale5 Conta¢l Magazine
12,728
12,728
12,653
Charltable actlvltles
Wages
Social security
Pènsions
Overseas mlssionary fleld activities
Expenses
Donations
Rates and water
Insurance
Light and heal
Telephone
Postage and stationery
Sundries
Office travel
Missionary insurance
Subscriptions
Property repairs
Publicity
Professional fees
Trustee expénses
Bank charges
Investment charges
Carried forward
36,555
6,021
1,418
36,555
6,021
1,418
162,753
1,773
104,784
2,227
1,445
2,226
2,056
1414)
292
1,869
2.084
4,431
95
47,756
7,772
1,591
263,522
2.548
196.485
351
1,212
3,983
2,973
1,131
119
2,302
2,583
2,639
329
727
504
162,753
1,773
31,033
73,751
2,227
1,445
2,226
2,056
1414)
292
1,869
2,084
4,431
95
1,399
233
12.196
147,884
1,399
233
12,196
343,443
360
5,094
543,981
195,559
This page does not form part of the statutory financial statements
Page 25

CAM International
Detalled Statement of Financial Activities
for the yoar ended 31 March 2025
2025
Total
funds
2024
Total
funds
Unreslricted
funds
Restricted
funds
Charltable actlvltles
Brought foNard
Computer equipment
147,884
409
195,559
343,443
409
543,981
218
148,293
195,559
343,852
544,199
Support costs
Governance c08ts
Auditors. remuneration
Auditors. remuneration for non audit work
6,000
6,000
1,794
1,794
Total resources expended
169 583
195 559
365 142
558 646
Net (expendlture)Ilncome before galns
and los8e8
3,913,702
389,945
4,303,647
1187.583)
Reallsed recognlged galns and losses
Realised gainslllossesl on fixed asset
investments
Realised gainsl(losses) on programme
r81ated Investments
(259,114)
(259,114>
52,921
39,049
Net (expendlture)Ilncome
3 654 588
389 945