BUILD PARTNERS FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 Charity Number: 1153715 BUILD PARTNERS FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 CONTENTS Pages Reference and Administrative Information Trustees, Annual Report Independent Examiner's Report Receipts and Payments Account Statement of Assets and Liabilities BUILD PARTNERS REFERENCE AND ADMINISTRATIVE INFORMATION YEAR ENDED 31 DECEMBER 2025 Trustees Trustees are appointed by the board of trustees. as long as the number does not rise above a maximum of twelve. They also have power to remove any trustee, provided the number of Irustees does not fall below a minimum of three. The following were trustees who served during and since the year-end: Chairperson P Ackroyd Treasurer A Davisson Secretary A Symes others G Nesbitt J Hovil J Hovil acts as Executive Trustee. conducting much of the business of the charity. Principal address 10 The Firs, Bath BA2 SED Independent Examiner Joshua Kingston, Bsc {Hons) FCA, Burton Sweet Limited, The Clock Tower. 5 Farleigh Court, Old Weston Road, Flax Bourton, Bristol BS48 1 UR Bankers Barclays Bank PLC, 4 - 5 Southgate Street, Bath BA1 1AQ BUILD PARTNERS TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2025 The trustees present their report and the independently examined financial statements of the Charity for the year ended 31 December 2025. Legal status BUILD Partners is formed under a Constitution dated 9 May 2013. It is a registered charity and takes the legal form of a Charitable Incorporated Organisation, whose only voting members are its trustees. Object of the Charity The sole object of the Charity is, Yhe advancement of the Christian religion for the public benefit in Africa. Asia and Latin America primarily but not exclusively through supporting church leadership education and development at the grassroots in the areas of biblical studies, practical theology, counselling, communication and community development.. Charitable activities In 2025 we continued to serve our object through the support of the BUILD initiative (Biblical Understanding for In-service Leadership Development), which is present primarily in East Africa. Our efforts continue to focus on six areas of activity-. (1) Contributing to the budgets of our training partners,. (2) Connecting those partners with sources of support and resources, one another included- (3) Consulting in order to help with the development of partners, programmes; (4) Consolidating training resources alongside our partners,. (5) Coordinating the wider network in partnership with key local leaders,. (6} Co-training alongside local partners and trainers when and where possible. Achievements 2025 was a productive year for BUILD Partners, with £96.677 spent on charitable activities in support for our church leadership development work. Goals set in the 2024 Financial Statements were met in full or in part or in unanticipated ways, together with additional achievements, as outlined below. As planned we helped to register and launch a local support entity for BUILD in Kenya.. BUILD Training Initiative, Kenya {BTIKe). Our Executive Trustee was in Kenya for a January planning meeting and returned in May for a residential board retreat, which we helped to organise and support. BTIKe are developing a local, online support plafform for the work, and this played a key role in a new. more sustainable training-of-trainers programme at Carlile College. Nairobi. In other areas, the work in Rwanda continued well with 600 local trainers reached through follow-on- training. There was also significant expansion of the Tanzanian work with a new centre hosting training. It was encouraging to visit Uganda and to witness the ongoing training of trainers from the north-east margins of the country, which has led to a renewal of leadership there. Similarly, a trip to Egypt consolidated relationships in the Provin￿ of Alexandria, which we work within in the Horn of Africa. ACTEA (the Association of Christian Theological Education in Africa) is a pan-African theological education network that we have related to for some time. As hoped, and in order to enhance our visibility and accreditation, we secured a closer relationship with them through becoming Associate Members. With these and other developments it was significant that we brought together key BU ILD project leads from across the region for a year*nd retreat in Uganda. There we reviewed the work and developed a draft protocol to guide our work and relationships under a more formal BUILD Training Network {BTNI. In the lead up to the retreat and in anticipation of the retirement of BUILD co-founder Canon Stephen Kewaza at the year-end, we helped pave the way for a process of transition in the leadership of BUILD in the Church of Uganda. That included a primarily qualitative extemal review of the work, which was both encouraging and insightful: recommendations were made for the work generally and for the next appointment specifically. BUILD PARTNERS TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2025 Our desire to increase human resour￿ capacity in the UK took a major step forward. Michael Durant. who has visited the work in Kenya and is well qualified to grow the work, was selected as a mission partner by Crosslinks UK and will be seconded to BUILD Partners in 2026. There was progress on the fundraising front with two new funding relationships bearing fruit. Future plans In 2026, in addition to providing varying degrees of support for existing projects we aim to.. (11 Co-launch the newly established, formal BUILD Training Network. (2) Repurpose the BUILD training website to best serve the network. (3) Attend or support attendance at the 2026 General Assembly of ACTEA in Ethiopia. (4) Engage with and help guide the BUILD leadership transition in Uganda,. (5) Help sign off on a new accreditation relationship in Kenya. with Africa Inlernational University- (6) Attend BUILD graduations in Tanzania and consult with the Anglican Church of Tanzania on the future of the work., 171 Explore the further development of work in North Africa, visiting rf necessary" (8) Develop new funding relationships in the UK,. (9) On-board Michael Durant as an Assistant Director for BUILD Partners in the UK. Review of activities The accounts to the year ended 31 December 2025 show a surplus of £7.141. The organisation continued to work within its object. Investment powers and restrictions The constitution places no restrictions on the investment powers of the trustees. However, internally, there has to be agreement over single expenditures of over £5.000. Reserves policy The policy for the unreslricted cash reserves not committed ('the free reserves.) held by the Charily, continues to be forthose reserves to be approximately £10,000. At this level the board of trustees feels that it would be able to continue the current activities of the Charity in the event of a significant drop in income. In such an event, it would be necessary to consider how the funding would be replaced or activities adjusted. At the year-end date the free reserves amounted to £36,405 (2024: £34,266), which exceeded the target. Risk review Internal risks are minimised by the efficient and effective running of the Charity, and regular monitoring and evaluation of operations at board meetings. Likewise external risks are periodically reviewed and managed by the board. Public benefit The public benefit of the trust's work is bound up with tts objective, and in addition the Trustees have complied with theirduty to have regard tothe public benefit guidance issued by the Charity Commission. Investment policy The Charity continues to hold an instant aC￿sS savings accounl and some funds were put on deposit to yield interest. Levels are monitored regularly and transfers made between accounts. The trustees The trustees who served during the year and up to the date of this report are set out on page 1. BUILD PARTNERS TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2025 Statement of trustees, responsibilities The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102.. The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to- select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP: make judgments and accounting estimates thal are reasonable and prudent" state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements,. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deedlconstitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the trustees Peter Ackroyd (Chair) Approved by the trustees on: 3rd February 2026 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES YEAR ENDED 31 DECEMBER 2025 Independent examiner's report to the trustees of BUILD Partners I report to the trustees on my examination of the accounts of BUILD Partners (the Charity) for the year ended 31 December 2025. Responsibilities and basis of report As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act.). I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5){b) of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect- accounting records were not kept in respect of the Charity as required by section 130 of the Act., or the accounts do not accord with those records. or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairview which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ockKL IL &tllK Joshua Kingston Bsc (Hons) FCA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1 UR Date 3rd February 2026 BUILD PARTNERS RECEIPTS AND PAYMENTS ACCOUNT YEAR ENDED 31 DECEMBER 2025 General Funds Restricted Total Funds Total Funds Funds 2025 2024 RECEIPTS Donations Gift Aid Investment income 90,794 6,152 177 16,263 107,057 6,152 177 112,593 3,138 71 TOTAL RECEIPTS 97,123 16,263 113,386 115,802 PAYMENTS Costs of charitable activities Church Leadership Development 80,268 80,268 16,409 16,409 96,677 96,677 92,052 92,052 Support costs Entertainment & Meetings Office Costs Travel Cost of generating voluntary income Independent Examiner's Fees 296 2,595 5,225 600 852 9,568 296 2,595 5,225 600 852 9,568 1,256 5.093 5,637 938 885 13.809 Total Charitable Activities 89,836 16,409 106,245 105.861 TOTAL PAYMENTS 89,836 16,409 106,245 105,861 NET RECEIPTSI(PAYMENTS) 7,287 (146) 7,141 9.941 Included wthin Support Costs are payments totalling £1,088 {2024: £373.90) to Trustee Jeremy Hovil for travel and subsistence expenses. Related party transactions During the year two trustees {2024: two) made donations to the charity totalling £27,200 (2024: £17,100). Rwanda Restricted Fund This restricted fund reflected funds raised for a training project in Rwanda with our main implementation partner there. BUILD PARTNERS STATEMENT OF ASSETS AND LIABILITIES YEAR ENDED 31 DECEMBER 2025 2025 2025 2024 2024 Current assets Debtor Cash and Bank Accounts 2,873 56,292 59,165 6,151 49,151 55,302 Total Assets 59,165 55,302 Liabilities Independent examination fee accrual Crosslinks fee YE 2025 876 1,846 852 Total Liabilities 2,722 852 CASH RESERVES General funds Brought forward Receiptsl(payments) for the year 28,967 7,287 22,947 6,020 Total general funds cash reserve 36,254 28,967 Restricted Funds Brought forward Receiptsl(payments) for the year 20,184 {146) 16,263 3,921 Total restricted funds cash reserve 20,038 20,184 Total cash reserves 56,292 49,151 Approved by the trustees on 3rd February 2026 and signed on their behalf by Peter Ackroyd (Chair)