Charity Registration No. 11738511 SC047797 ECHOES INTERNATIONAL ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
ECHOES INTERNATIONAL CONTENTS Page Reference and Administrative Details Tru5tees' Report 4-14 Statement of TTUStees' Responsibilitie5 15 Independent Auditorfs Report 16-19 Statement of Financial Activitie5 20 Balance Sheet 21 Statement of Cash Flows 22 Notes to the Financial Statements 23-35
ECHOES INTERNATIONAL TRusfEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Current trustees: Simon Prince David Brown Paul Coxall Sharon Durrant Fiona McPhail Alan Hay Smith Andrew Gibson Keith Hunter Ichairl (Vice Chairl Charliy re8lstered number: 1173851 SC047797 (Charity Commission for England and Wale51 (Office of the Scottish Charity Regulator) Prlnclpal offlce: 124 Wells Road BATH BA2 3AH EMecutl¥e Olrertors Jim Armstrong, General Director luntil l October 20251 Matthew Pitt5, Mission Director (General Director from l October 20251 Mark Wood, Operation5 Director (from 29 September 20251 Audltor: Burton Sweet Limited The ClockTower 5 Farlei8h Court Old Weston Road Flay Bourton 8ri5tol B548 IUR Bankers: National Westminster Bank plc 24-25 Stall Street BATH BAI IQF Solicitors.. Anthony Collins 134 Edmund Street Birmingham B3 2ES Investment Mana8ers'. Rathbone Investment Management Limited Port of Liverpool Buildin8 Pier Head LIVERPOOL L3 INW
ECHOES INTERNATIONAL TRusfEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Trustee Report for 2025 The Trustees present theirannual report and audited financial statements for the period ended 31 December 2025. Echoes International is a charitable incorporated organisation ICIOI registered with the Charitv Commission with charity number 1173851 on 18 July 2017. Echoes International is also registered with the Scottish Charity Regulator105CRI with charity number SC047797. The Trustees confirm that the annual report and the financial statements of the charity comply with the current statutory requirements, the requirements of the chariW5 governing document and the provision5 of the Statement of Recommended Practice ISORPI applicable to charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021, the Charities Act 2011 and Charities IAccounts and Reports) Regulations 2008, the Charities and Trustee Investment (Scotlandl Act 2005 and the Charities Accounts Iscotlandl Regulations 2006. The financial statements have been prepared in accordance with the accounting policie5 set out in note I to the financial statements. Publlc beneflt The Trustees are aware of the Charity Commission's requirement that each charity tarries out its activities with a view to Public Benefit. We believe that this can be clearly demonstrated not only by the advancement of the Christian Gospel around the world, but also by our regular support for many social, educational, medical, relief, and development projects overseas. The attivities detailed in this annual report are all Carried out for the benefit of the public we serve. Charltable oblect5 Echoe5 International has the following legal objects, under which the charity is established: The advancement of the Chrlstian gospel by 511PPOrting Christian mission workers, providing Bibles and other Christian materials and by such other means as the ¢hJrity trustees may from time to time decide,. The relief of poverty by providing disaster relief support, including but not limited to financial Support to appropriate organisations and associated mission workers, and by such other means as the charitv trustees may from time to time decide; The advancement of education by providin8 financial support for the provision of funding for teachers, includin8 mission worker5 teaching overseas, the provision of books and equipment and bv such other mean5 as the charity trustees may from time to time decide. Echoe5 International, as a m155ion support group, seeks to encourage churche5 and individua15 to be involved in cr055-cultural mission, and to express interest in and pray for mission within the UK. To achieve this we publish news and inforrnation about mission activity across the world. We a150 distribute financial gift5 and provide support to mission partners and believers from other countries. The Trustee report details the activities and strategy in pl3¢e to support our aims. Oblectlves and a¢tlvltles Poli¢Nes (Jnd objertives Policy decisions are taken at our reÈularTrustee meetings. These include decisions regardinÈ the compilation of the Daily Prayer Guide I'DPG'I, which involves the addition and deletion of mi55i0n partners, the allocation of funds for personal 5UPPOrt and specifit purposes, the 3dmini5tr3tiorb and maintenance of the office, and
ECHOES INTERNATIONAL TRusfEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 contact with mission partners and local churches. In accordance with the regulatorfs guidance, safeguarding is considered and discussed at every Trustee and Leadership Meeting. 5trategiesfor achieving objectives In addition to our regular Trustee meetings. the Trustees review our strategy annually each November. A Strategic Working Group of Trustees and Director5 meet5 throughout the year to review our direction in light of the strategy agreed for the charity at the end of 2023. The TTUStee5 and Director5 have been working to implement the revised strategy throughout 2024 and 2025. The Trustees agreed 2 hi8h-level objectives for Echoe5 International We maintain our mission-driven positiorh and outlook to cross-cultural mission We seek to balance costslgifting with funds received. From 2018 to 2023, Trustees were very conscious of the deliber3te overspend in our giftslcosts required to achieve the objectives set over the past six years. This has been referenced in previous Trustee reports. The Trustees agree that the Charity should now return to a financially sustainable model, whilst maintaining our mission-driven stance. This was realised during the 2025 financial year. Eight workstreams were agreed upon in 2023 and have been monitored at each trustee meeting in 2024 and 202S. These were completed during 2025. and a new. more agile approach to strategic monitoring is being planned for 2026. This reflects the or8anisation's successful strategic reali8nment. Echoes International's vision is.. Yo see Churches who are enthuslastlc about m5sslon sendSng new generatlons of workers 5nto dlverse m<xlels of Gospel mSnlstrf. We look back on 2025 and give thanks for all of God's goodness as we see His hand in Echoes International's ministry. Some of the highlights for the year were as follows: Activitiesfor ochieving objectives.. We continue to communicate across various channels in print. digital and face-to-face conferences. This helps to keep followers and supporters updated with all we are involved in. Our theme for 2025 was'where Christ is not known,, and our communications of Echoes International's work and the needs of mission continued to develop. Our YouTube channel increased substantially in 202S, helped by seasons 4 and S of our podcast The Same Commission. as well as a variety of short-form video content. During 2025. the Trustees authorised the development of a prayer app. designed to bring together our various communications streams in one place and make it easier for supporters to engage with daily prayer. Three companies tendered for the work. Amperative was successful and worked closely with the communications team to scope and test throughout 2025. with a view to launching the app in 2026. We held three main conferences in 2025 in England, Scotland, and Northern Ireland, as well a5 two Women Working for God IWWFGI events in Northern Ireland and Scotland. At all of these conference5, we focused on our theme 'Where Christ is not known,, inviting speakers from several of our mi55ion partner5hip5, such as Pioneers and Bra55 Tacks, to 5h¥re abouttheir ministrie5. A Wider Horiion5 weekend for young adults aged 18+ took place in February 2025, as well a5 smaller'tasterf evenings in three churche5 during late 2024. Each year, the Trustees agree on the travel required for the following year. Travel will normally focus on Member Care, key Strategic conference5, keepirbg the charity up to date with current mi55i0n¥l trends, and addressing any issues arising from the mission partners listed in the Daily Prayer Guide. In 2025, Direttors and Trustees travelled to New Zealand, the Philippines, Indonesia, Tanzania, Rwanda and France. We also attended the European Leadership Forum in Poland.
ECHOES INTERNATIONAL TRusfEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 At the beginning of 2021. we agreed to debrief all mission partners listed in the Daily Prayer Guide over a 3- vear period. which wa5 completed in 2023. This continues, and during the year, 71 mission partner5 were debriefed. We also visited 14 churches during the year. We are grateful to God for those who are called and commended to serve full-time in cross-cultural mission. An additional 9 long-terrn mission partners were added to the Daily Prayer Guide list in 2025, and a further 2 were approved, with their listings completed in January 2026. 11 mission partners came off the field, and 6 others moved to senior or retired status. At the end of 2025, we had 165 mission partners, compared to 171 at the end of 2024. In addition to this, at the close of the year, the mobilisation team was in the earlv stages of mobilisation, with another 11 mission partners seeking long-term service across a wide range of areas. The team continues to be greatly encouraged by the level of sincere interest in long-term service seen in recent years. El also continued to support a short-term medical mission partner during 2025. who successfully applied for long-term listing in 2026. The short-term pro8ramme allows potential long-term mission partners to explore service and also helps enable professionals to travel to a location where their skill set is needed, particularly for medical missions. A cohort of three full-course Firstservers was supported during 2025. with successful placements in the UK and overseas. In addition. El facilitated a Compact placement for another participant during Summer 2025. Member Care 15 now a recognised embedded Servi for Echoes International, and the relationship with Mission Partners has deepened through in-person visits. Zoom calls. and regular WhatsApp messaging. Online resources have been developed and used by Mission partner5 in various situations and a mission partner care site has been set up. The quarterly prayer meetings enable the member care team to keep up to date with a large number of Mission Partners. A new global Zoom prayer meeting and a pre-field training for new mission partners and elders were also implemented in 2025, with very positive feedback. Emergenty funding totalling £31.OC(I was sent to 4 countries to help alleviate sufferin8 taused by natural disasters, wars, economic hardship and refugee migration. This included £17,CIJO sent to individuals and organisations in and around Lebanon who were helping those affected by the war. Key Partnershlps El continues to maintain strategic partnership agreements with Operational Mobilisation, Frontiers, Pioneers, New Tribes Mission, People International and Wycliffe Bible Translators. These enable us to second mission partners mobilisinÉ through El intoteams with these organisations. We are delighted that in 2024, six mission partners were seconded to Pioneers, with another going through a similar arrangement in 2025. These partnerships have also provided a rich source of good practice and regular meetings have benefited all parties, not simply in mobilisation but also areas such as risk and security and communications. Sofeguording Trustees and Mission Partners of Echoes International continue to complete bespoke training on a three- vearly cycle. In addition. our Trustees committed to further training provided byThirtyOne Eight. highlighting responsibilities specific to their roles. Recruitment processes are secure and staff involved in this area have updated their skill and knowledge base with appropriate training in 2025. Processes are now embedded with Mission Partners. recognising that there is a need to be aware of these matters and to uphold good practice in their areas of service. Awareness of safeguarding matters continues to strengthen across the El team. with annual training enabling staff to recognise how these matters may impact day-to-day roles and how they should respond. In 2025,
ECHOES INTERNATIONAL TRusfEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 all staff completed annual linternall safeguarding training as well as an externally accredited course to ensure their base understanding was refreshed and secure. Safeguarding 15 a regular discu55ion at Trustee meetings and these matters are raised with every Mission Partner durin8 scheduled debrief5. Thi5 15 an area of ongoing development and self-audit practice continues annually, along with quarterly meetings with the SafeBvarding Trustee. In 2025, our safeguardin8 policy, framework and register were reviewed internally by our board's Audit and Risk Committee IARCI. In 202S, seven new safegLJ3rding cases were brouÈht to our attention and discussed by the Trustees. Where appropriate, external advice was taken and followed and support was given to partners in resolving them. Risk ondsecurity Raising awareness and identifying possible risks before they develop is fundamental to our risk and security policy and approach at El. We recognise that risk cannot always be mitigated. but awareness is critical. With this in mind we continue to raise awareness with the provision of quarterly security updates for our Mission Partners, their commending churches and associates with whom El works. Travel packs are prepared for overseas travel. including pertinent information on risk and security matters. In September 2025, we facilitated a Hostile Environment and First Aid Trainin8 course IHEFATI for a total of 8 persons, raising awareness and equipping them in this vital area. Risk and Security matters continue to be discussed as part of the process of mobilisin8 new Mission Partners, and have been a key element discussed in partnership agreements with other mission agencies with whom we are working. Links have been established with the Foreign. Commonwealth and Development Office, and our 5ecurity-level ratings for the countries we 5LlPPOrt are reviewed annually at a minimum. We continue to facilitate insurance to our mission partners and retain the services of an external professional advice source. Support In essence, our activity over the year can be summarised in the four undernoted prioritie5'. Pray Prayer remains the foundation of the work of Echoes International. Our communication plan is primarily in place to help churches and supporters associated with the charity to pray. This covers print, digital and face to face activity. Support We exist to do three things. al Support sending churches as they recognise and commend those called into service by God. bl Support those called to cross-cultural mission through prayer, gifts, advice, practical support. safeguardin& risk and security etc. cl Communicate key missional trends to churches across the UK. highlighting our current mission priorities. Mobili5e The need for people to serve in mi55ion is greater today than it has ever been. The Standing command from our Lord and Saviour has not changed. The harvest 15 plentiful, but the workers are few. Much of the world have not heard the Gospel. Nor do they have access to God'5 Word. Over 42% in this world don't know who Jesus Christ is. We have the opportunity to communicate this need, across all our mediums. Equip Training and Equipping for mission is vital in a cross-cultural context. We continue to sponsor individuals who are seeking to upskill their cross cultural experien via Ti151ey I, year or similar courses. We also run Firstserve along with GLO and Countiesupdate to act as an entry level to cross-cultural mission.
ECHOES INTERNATIONAL TRusfEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Grant making policies Any funds received which are designated for mission partners. full time evangelists/preachers or Specific ministries are transmitted directly (with no deductions) on a monthly basis. The Trustees allocate gifts from their undesignated funds at their discretion each month to most mission partners listed on the DPG. Some are not given a monthly gift because they are employed or do not need it. Funds are also transmitted to short-term partners as well. The amount of the gift is determined by the marital status of the mission partner, the size of their family, and the UN cost-of-living index in the country in which they are based. Gifts are also made in the followin8 circumstances: One-off and fellowship gifts using the delegated aLrthorities 8iven to the Oirectors,. Bi-annual gifts to various IndividualMInistrIes agreed by the Trustees; Ad-hoc gifts in response to disaster situations/reco8nised need 35 circumstances arise. Flnanc5al revlew Total funds held on the balance sheet at 31 December 2025 were £4.Sm 12024.. £4.3ml, of which £0.6m 12024.. £0.6ml related to Restricted Funds and Endowment Funds. The remainder of the reserves related to the charity's lon8-term expenditure requirements. The increase in funds is in line with the strategy referred to earlier. Gift income was £5.6m12024'. £4.3ml. Legacy income was £0.8m higher than 2024, this 15 an uncontrollable income. Gifts from individuals were £O.Im higher in 2025 and gifts from trusts were EO.2m higher. The level of restricted gifts as a portion of overall gifts was 63%12024: 69%) of total gift income. Total charitable distributions. in the form of grants made to institutions and individuals amounted to £4.5m 12024.. £4ml, as shown in note S to the financial statements. Overall. total charitable expenditure increased by £0.6m from £Sm in 2024 to £5.6m in 2025, mainly as a result of the review of strategy outlined on page As part of the charitvs pastoral responsibilities and networking with global mission groups, and sending churches. travel by Trustees and Executive Directors amounted to £77k during the year12024.. £87kl. Investment policy ondperformonce The Trustees have the power to invest all amounts not needed for immediate working capital. During 2025. Rathbones continued to manage the investment portfolio. In 2023. the Board agreed to change investment profile from a Medium Risk profile to a Low Risk profile. As a result. the portion of the fund invested in equitv is smaller. The investment manager invested the funds in line with the agreed risk profiles in a range of companies and funds designed to achieve a balance of capital growth and income. The main portfolio had investments with a cost of £2.Im12024: £2.7ml at the year-end. This portfolio was valued at £2.3m12023= £2.7ml at 31 December 2024. Duringthe year. £0.885m12024.. £0.7ml was withdrawn from investments to fund the charities activities. net of deposits. The A H Boulton Fund portfolio had investments with a cost of £O.Im12024= £0.Iml at the year-end. This portfolio was valued at £O.Im 12024= £0.Iml at 31 December 2025. The Mrs H Maclean Fund and the Ramsden Trust portfolios had investments each with a cost of £0.04m at the end of 2025 and 2024 . These
ECHOES INTERNATIONAL TRusfEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 portfolios were each valued at £0.04m at 31 December 202512024.. £0.04ml. The investments in these Fund5, together with the Boulton Fund, are held in a general investment trust managed by Rathbone5. Reserves poliry The two regulators for Scotland and England and Wales expect Trustees to decide, publish, implement and monitor their charitV'5 reserves policy so that they can comply with their legal duties to.. act in the interests of their charity and its beneficiaries; protect and safeguard the assets of their charrty- ct with reasonable care and skill- ensure their charity is accountable. In practice, this means that Trustees should develop a reserves policy that= fully justifies and clearly explains keeping or not keeping reserves.. identifies and plans for the maintenance of essential services for beneficiaries.. reflects the risks of unplanned closure associated with the charity'5 business model, spending Commitments, potential liabilities and financial forecasts: helps to address the risks of unplanned Closure on their beneficiaries lin partitular, vulnerable beneficiaries), staff and volunteers. We publish the reserves policy (even if not required to by lawl and ensure it is tailored to the charlty's tircumstances- it should not be just a standard form of wording. It should explain to funders, beneficiaries, the public 3n(i the Commission exactly what reseNes are kept lor not keptl for and when they are to be used. In addition to setting the reserves policy for Echoes International, it also details actions which will be taken to ensure the approach is re-assessed annually, taking into consideration associated risks, potential funding changes and financial climates. The reserves sections and amounts for 2025 was as follows - Operatlonal area Re5er¥e leb*l to be held Mlnlmum reserve level Office and operatlng expense5 l yearfs equivalent expenses will be retained £0.84m Dlscretlonary allocatbon to Mlsslon Partners I yearfs equivalent expenses £0.80m Dlsaster and poverty rellef £IOO.(Xll to be held £O.IOm Strategic projects 2 years allocation to be retained £0.29m Capltal requlrements ÉIOO.(MX) to be held ÉO.IOm Total £2.13m During the year. the reserve level was above the stated minimum at all times.
ECHOES INTERNATIONAL TRusfEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The rationale for each fund is detailed in the charity reserves policy which is held on our website www.echoesinternational.org.vk/reserves-policy. AcSsIngthe charity's reserves will only be approved once discussed and agreed at the relevant Trustee Meeting- where this need is highlighted. Actual total funds at 31 December 2025 were £4.5m12024= £4.3ml. of which £0.6m12024.. £0.6ml was held in restricted and endowment fund5 which are not available forthe general purp05e5 of the charity. In setting the reserve levels the Trustees have designated funds to ensure these are available should the need arise. The unrestricted funds of the charity at 310ecember 2025 of £3.9m12024: £3.7ml represented an excess of £1.8m 12024.. £1.4ml over the total level of reserves identified in the reserves policy. These funds are available for the general purposes of the charity and are over and above the designated reserves identified above. Going concern In accordance with our agreed strate8Y the Trustees consider the resource5 available to the charity as well as the forecast income and expenditure for the forthcoming periods. Based on this analysi5, and through the settin8 and holding of reserves as noted above, the Trustees have a reasonable expectation that the charitv will continue in operation for at least 12 months from the date of the approval of the financial statement5. The Trustees have therefore adopted the goin8 concern basis of accounting in the preparation of the financial statements, as set out in the Accounting Policies. Rlsk mana8ement During 2025, the Trustees have managed the main risks facing the charity and delegated this task to the Audit and Risk Committee. The committee comprised up to four Trustees, with the General Director a150 attending. The meetings are held every three months. The Risk Control Framework is discussed at each Trustee Meetin8 to ensure all risks are managed and the Trustees ère kept up to date with any issues facing the charity. The risks have been managed in 2025 in the categories listed below: Reputational Financial Vision People Change management Operational A number of Specific risks have been identified within each of these classifications, and the contro15 and actions to mitigate the risks are reviewed by the Audit and Risk Committee. The top-level risks are regularlv reviewed and di5CU55ed at the Board of Tru5tee5 meetings to ensure appropriate focus and accountability. The changing trend in giving from churche5, individuals, legacies, and trusts is also monitored acr055 the charity from an on80ing risk perspective. The re5erve5 policy, our strategic plan and annual financial plan take these trends into consideration. These items are discussed at Trustee Meeting5 and action5 taken accordingly, where necessary. We are very aware that we operate in an increasingly secular culture. Consequently, we are faced with changing laws and attitude5 which will impact the chariWs core artivities. We review media and legislation 10
ECHOES INTERNATIONAL TRusfEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 on an ongoing basis to identify changes as early as possible and. if need be, discuss Potential mitigations to ensure the delivery of our objectives. In addition. we are seeking to see the Christian gospel spread to area5 of the world which are hostile to the message. We are praying to the Lord of the harvest for mission partners into unreached areas. Our risk and security policy and procedures are in place to help mrtigate risks, equip those serving and identifv issues as early a5 possible. This is discussed in every Trustee meetin8 and operational meetings with the senior leader5, team. We remain a faith-based charity reliant on God who is faithful. Whilst we take Steps Idetailed above) to ensure we are transparent and accountable to the regulators and charity law requirement5 we are alway5 consciou5 that the resources we have are His. We are stewards of what He has provided. Plansfor thefuture The Trustees of Echoes International remain committed to the strategic aims of the charity. These are outlined above. The Trustees and all associated with Echoes International seek the Lord's guidance in all we do. Group entltles Mi55ionaries' Children sfund IMCFJ MCF is a charitable enlity Icharity number 2202041 re8lStered with the Charity Commission in England & Wales. The only Trustee of MCF is Echoes International. meaning MCF is part of the same charitable group as Echoes International. The transactions and balances within MCF are not material to the group and therefore the account5 disclosures in Echoes International have not been completed to Show Echoes International separately from the group this year as allowed by 3¢counting convention. The charitable purpose of MCF 15 to care for the children of mission partners associated with Echoes International and partitularly in assisting them in connection with their education. In the normal course of operating MCF receive5 income from individuals, churches and trusts. and u5e5 those donations to the education of Mission Partners. You can find a copy of the latest set of accounts for MCF on the Charity Commission website or on request from Echoes International. Interlink Interlink 15 a charitable entity (charity number SC0080631 registered in Scotland with the Office of the Scottish Charity Regulator10SCRI. The only Trustee of Interlink is Echoes International. meaning Interlink is part of the sarne charitable group as Echoes International. The transactions and balance5 Wlthin Interlink are not material to the group, and therefore, the account5 disclosures in Echoes International have not been completed to show Echoes Intemational separately from the group this year, a5 allowed by accounting onvention.
ECHOES INTERNATIONAL TRusfEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Structure. governance and management Constitution The constitution of the charity was approved in 2017 by the Charity Commission for England and Wales and the Office of the Scottish Charity Regulator10SCRI. This provides the charity with a framework and guidelines for the Tru5tee5 to administer the charity. We continue to be a mission Service Group who work for the worldwide furtherance of the Christian Gospel. Method of appointment or recruitment of Trustees The Trustees of Echoes International recoBni5e the importance of a diversified Board with a good spread of capabilitie5 and experience in relation to the Mission Service Group. We have identified the skills and capabilitie5 required and will use the established process to appoint new Trustees as the opportunity arises. When new Trustees are needed the Chair and Vice Chair will approach individuals identified through various sources. They will be interviewed and asked to attend Board Meetings to establish their qualifications, their fit with the Board and their comfort with the working5 of the Trust. After thi5 proce55 and if both partie5 feel it is appropriate to proceed, the formal appointment will be made following the Board's endorsement. Policies odoptedfor the induction and troining of Trustees New Trustees will be provided with the various documents which detail the Trust's Vision, Values, Strategy and Constitution. Information with reBard to Trustee responsibilities as expected by the Charity Commission will also be reviewed. We will provide training with regard to Safeguarding and they will be Subject to an enhanced police check. Police checks and personal references are taken up for the Trustees during the recruitment process. Key monogement personnel remunerotion The Board of Trustees are responsible for the runnin8 of the tharity and meet regularly to ensure the Strategic, Financial, Risk and Operational decisions Jre made timeously. The Chairman and Trustees are volunteers and give of their time freely. The operational day to day running of the charity 15 delegated by the oard to the General Director and his Executive Team. Details of remuneration ère disclosed in notes 9 and 10. The Board of Trustees is responsible for reviewin8 and approving levels of remuneration for the Executive Directors. Orgonisotional structure and decision moking Detai15 of the Trustees currently in office, together with other reference information, are shown on page l. The Trustees who Served during the period from l January 2025 to the date the financial statements were approved were as follows.. Mr David Brown Mr Simon Prince Mr Alan Smith Miss Sharon Durrant Miss Fiona McPhail Mr Nigel McQuoid Mr Paul Coxall Mr Andrew Gib50n Mr Keith Hunter Vice Chair Chair Resigned May 2025 Appointed September 2025 Appointed November 2025 12
ECHOES INTERNATIONAL TRusfEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The Executive Directors in 2025 were.. Mr lim Armstrong Mr Matthew Pitts Mr Matthew Pitts Mr Mark Wood General Director. retired December 2025 General Director, appointed June 2025 Mission Director. resigned lune 2025 Operation5 Director, appointed September 2025 Jim Armstrong retired from his role as General Director during 2025. The Trustees wish to record their sincere gratitude for his many year5 of dedicated Service and commitment to Echoes International. Matthew Pitts, who had served 3$ Mission Director, was appointed to succeed lim as General Dirertor, and Matthew transitioned into the role during the second half of 2025. As part of this change, the Board reviewed the leadership team's skills and requirements, and, as a result, the Trustees agreed to recruit a new Operations Director to support the General Director in the day-to-day management of the organisation. This resulted in the appointment of Mark Wood in September 2025. The Trustees. Executive Directors. and other non-votin8 members attend Trustee meetings regularly and. annually. for a strategic planning meeting. Accountability is maintained through robust Board reporting by the Executive team including financial, risk, operational and reputational reporting. Bi-annual meetings take place with our Advisory Council who are able to give us an external view of the operations for Echoes International. Delegated authorities have been put in place to allow the day to day running of the charity and a financial plan is established for Income, Giving and operational expenses. These positions are monitored at Board Meetin85 and all aspects of control and performance are transp?nt to the Trustees during these meetings. Financial Software provides our management accounts which are viewed by the Trustees at their meetings. All our IT and software requirements are maintained by an external 3 party and this gives us full resilience in the event of a major incident. They routinely visit to address operational issues and the General Director meets with the Senior Management of the IT company to ensure all service levels and risks are managed according to the contract in place. In addition we also operate a CRM and SharePoint filing system to provide further resilience and making sure all records and files are held in a paperless system. The IT system used is cloud based and backed up daily. Our websites are all maintained along with our Social Media platforms- we have policies in place for our communication strategy to ensure nothing is communicated which would impact the reputation of the charity. All e-transactions are made securely. Our access to IT and Internet Banking is fully encrypted and accessed via 2-factor authentication. We continue to make no charges for the remitting of funds. Nothing is deducted from gifts towards the running of the charity. It would be our hope and prayer that operating expenses are normally met from specific gifts made towards our expenses. investment income and a % of all unrestricted legacies received in the year. We do not engage in any fundraising activity. Our sustainability is dependent on a faithful God. In addition to the above sources of funds for operation31 expenses. the Trustees authorise the use of discretionary reserves for the operational expenses of the charity. In 2025. this was not required due to increased legacy income in the year. This is to allow them to support their agreed strategy and see a renewed enthusiasm for mission from UK churches. 13
ECHOES INTERNATIONAL TRusfEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Relationships with other organisations Trustees are required to disclose relevant interests. and these are noted on a register and kept by the Board. In accordance with the Charitvs policy, Trustee5 Wlthdraw from decision5 where a conflict of interest exist5. 14
ECHOES INTERNATIONAL STATEMENT OF TRusfEES' RESPONSIBILTfIES FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in Scotland requires the trustees to prepare financial statements for each financial year which give a true and fairview of the State of affairs of the charity and of the incoming resources and application of resource5 of the charity for that period. In preparing these financial statements, the trustees are required to: Select 5Ultable accountinB policies and then apply them con515tently; Observe the methods and principles in the Charities SORP IFRS 1021; Make judgements and estimates that are reasonable and prudent,. State whether applicable accounting standards have been followed subject to any material departures disc105ed and explained in the financial statements: and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable group will continue in operation. The Trustees are responsible for keeping proper 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 Charitie5 (Accounts and Reports) Regulations 2008, the Charities and Trustee Investment Istotlandl Act 2CIJ5, the Charities Accounts (Scotlandl Regulation5 2006 and the provisions of its constitution. They are also responsible for safe8uarding the assets of the charity and hence for taking rea50n3ble steps for the prevention and detection of fraud and other irreBularities. The Trustee5 are responsible for the maintenance and integrity of the financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from leEislation in otherjurisdictions. The Trustees, Report was considered and approved by the Trustees at their meeting on 19 May 2026 and subsequently signed on their behalf by: Simon Prince, Chairman 15
ECHOES INTERNATIONAL INDEPENDENT AUDrroR'S REPORT TO THE TRUSfEES OF ECHOES INTERNATIONAL FOR THE YEAR ENDED 31 DECEMBER 2025 Independent auditoVs report to the members of Echoes Intemational Oplnlon We have audited the financial statements of Echoes Inlemational (the 'Charity"I for the year ended 31 December 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes lo the financial stslements. including 8 summary of swJnificanl accounting policies. The financial reporting framework that has been applied in their preparation is appli¢able law and United Kingdom Accounting Standards, including Financial Reporting Standard 102." The Financial Reporting Stsndard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the finanaal statements.. give a true antl fair view of the stat6 of Ihe Charity's affairs as al 31 DeCeMr 2025 antl of ils income and expenditure for the year then ended., have bgen properly prepared in acwdance with Unile(l Kingdom Ggngrally Accepled Accounting Practs'ce., have been prepared in accordance with the requirements of the Companies Act 2006 and regulations 6 and 8 of the Charilies Accounts (Scotlandl Regulabon 2006 las amended). 8asls for oplnlon We conducted out audit in accordance with international Stsndards in Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are furlher described in the Auditor's responsibilities for the audit of the financial statements secbon ol our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit ol the financial 51atemen15 in the UK, including the FRC'S Elhical Standard, and we have fulfilled our olherethical responsibilits'gs in accordance with these requirements. W8 believe that the audit evidence we havg obtainod 1$ suffi¢i8nt and appropriate to providg a basis frjr our opinion. Concluslons rolat5ng to goSng concern In auditing the financial slalemenls. we have concluded Ihal the directors. use of the going concem basis of acctsunts'ng in the preparats.on of the financial statements is appropnale. Based on th8 work we have performèd, we hav8 nol id&ntifi8d any mat8ri31 unc8rtainti8s relating to 8V8nts or conditions thal, individually or collectively, may cast significant doubl on the charity's abilily to continue as a going concem for a periLNJ of al least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibililEs of the dIlor$ with reswl to going concem are described in the relevant sections of this report. Oth8r informatSon The Iruslees are responsible for the olher information. The oiher information comprises the information in¢luded in the annual report other than the finan¢ial statements and our auditor's report thereon. Our opinion on th8 financial statements does not ¢over the other infomation and, ex¢ept to the extent oth&twise &xpli¢itly stated in our report, we do not express any fomi of assurance condusion thereon. In conneclion with our audil of the finanaal statements, our responsibility is to read the other information and, in doing so, consider whether the other informats.on is materially inconsislenl with the financial stslements or PJJe 16
ECHOES INTERNATIONAL INDEPENDENT AUDrroR'S REPORT TO THE TRUSfEES OF ECHOES INTERNATIONAL FOR THE YEAR ENDED 31 DECEMBER 2025 our knowledge obtained in the audit OT otherwise appears to be materially misstated. If we identify such m8leri81 inGonsist8n¢ies or apparent material misstslements, we are required lo determine whether there is 8 material misstatement in the finanaal statements or a matèrial misstatement of the other information. 11 based, on the work wè havè performed, we ¢onclude that there is a malerial misstalement of this other inlomiation. we are required lo report Ihe facl. We have nothing lo report in thi5 regard. Oplnlons on oth•r matt•rs prns¢rib•d by C¢mpanlos A¢1 2006 In our opinion. based on the work undertaken in the urse of the audit.. the information given in the truslees. report (incorporating the directors. report) for the financial year lor which the fin8ncial statements 8re prepared is consislenl with the financial stslements., and the directors, report has bèen prepared in 8ccordanc6 With applicable law Tequiremenls. M4ttrs on whlch we are r•qulrod to r•port by x¢eptlon In the light ol our knowledge and understanding of the charitable company and ts environment obtained in the cours8 ol the audit, we have not identified material misstatements in Ihe directors, report. We have nothing lo report in respect of the following matters in relation lo which tho Companies Act 2006 and Charities Accounts (Scoilandl Regulations 2006 las amènded) raquires us to report to you if, in our opinion.. adgquatg aunting rgwd$ have nol been kept. or rolums adequate for our audil havg not bggn received from branches not visited by us., the financial statements are not in agreement wilh Ihe accounting records and relums., certain disclosures of trustees, remunefation specified by law are not made; or we have not obtaingd all Ihg infomation and gxplanations ngcgssary lor tho purposgs of our audit., or the trustees were nol enlitled lo prepare the finanaal slalemenls in accordance with the small companies. regime and take advantage of Ihe small companies. exemptions in preparing Ihe directors, report and from the requirement lo prepare a slrategic report. R•sponslbllltl•s of tmst••s As 8xplained more fulty in the trustees, responsiknlities statemenl. the (rustees are responsible for the preparation of the financial statements and for being satssfied that they give a true and fair view, and for such internal control as they determine 15 necessary lo enable the preparab.on of financial 5talemen15 that are free from material misststement, whether due to frau(J or error. In preparing the financial statements, the trustees are responsit)le forassessing the Charity's ability to continue as a going concern, disdosing, as applicable, maiters related to going concern and using the going concern basis of accounting unless the trustees either Inler)d lo liquidate Ihe Charity or lo cease operations, or have no realistic allernalive bul lo do 50. Audltorfs r•sponslbllltl•s for th• audlt of th• financlal sLit•m•nts We have been appointed as audilor under section 4411 Ilc) ol the Charities and Trustee Investment (Scotlandl Act 2005 and under the Companies Act 2006 and report in acc4)rdance with regulations made under those Acts. PJJe 17
ECHOES INTERNATIONAL INDEPENDENT AUDrroR'S REPORT TO THE TRUSfEES OF ECHOES INTERNATIONAL FOR THE YEAR ENDED 31 DECEMBER 2025 Our objectives are lo obtain reasonable assurance about whether the financial slalements as a whole are free from material misstslement. whether due lo fraud or error, arhd lo issue an auditor's rep(Yt that includos our opinion. Reasonable assurance is a hKJh level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delect a malerial misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users laken on the basis of ihese financial statements. Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-Gornpliance with laws and regulations. was as follows.. we identified Ihe18WS and regulation5 applicable lo the charity through discussions with those charged with governance and othgr management. and from ¢xJr 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 slalemenls of the operabons of the company. including the Companies Act 2006. taxakn'on legislation and data protects'on. anb-bribery. employment, pensions, environmental and health and safely legislation. and we assgssed the extenl of compliance wilh Ihe laws and regulations idenlified above through making enquiries of managemenl. inspecting legal correspondence and remaining alert during the audit for any indic81ions ol non-compliance. Our audil procedurgs in rglali¢)n ¢0 fraud inclLKled bul were not limilgd lo.. making enquiries ol those charged with govemance and other managemenl as to where they considered there w8s susceptibility lo fraud. their knoWIge ol actual, suspe¢t8d and alleged fraud. discussing amongst the engagement team the risks of fraud.. gaining an understanding of Ihe intemal controls in place to mitigale risks of fraud and non-compliance with laws and regulations., lestin9 joumal gnlrigs to idgnlfy unusual transadw)ns'. assessing whelhgr judgements and assumptions made in tlelermining the accounting gstimalos sel out in the accounting policies were indicative ol polenlial bias,. and investigating the rationa behind significant or unusual transactions. There are inherent limitations in our audit pl<edUreS described above. The more removed that laws and regulations are from finan¢ial transactions, thelgss likèty ti is that we would becomg awarè of non-¢ompliancg. Audits'ng standards also limit thè audit proc8dur8s rgquired to identrfy non-¢ompliance with laws and ragulations lo enquiry of the directors and other managemenl and the inspeclion of regulatory and legal correspondence, if any. Material misstatements Ihal arise due lo fraud can be harder lo de(ect than Ihose that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for Ihe audr¢ ol the financial slalemenls is located on the Financial Reporting Council's website at www.fr LodIt. This description fornis part of our auditor's report. Use of our report This rew)rt is made solely to the Charity's members. a5 a INYJY. in acurdance with Chapter 3 of Part 16 ofthe Companiès Act 2006 and s8ction 44111¢ of the Charitiès and Trustee Investment (Scotlandl Act 2005. Our audit work has been undertaken so Ihal we Mh1 stale lo Ihe Charity's members those matlers we are required to state in them in an auditor's report and lor no other purpose. To the fullesl extent permitted by law, we do not accept or assume responsibility to anyone olher than the Charity's members as a body, for our audrt work, lor this report, or for the opinions we have formed. PJJe 18
ECHOES INTERNATIONAL INDEPENDENT AUDrroR'S REPORT TO THE TRUSfEES OF ECHOES INTERNATIONAL FOR THE YEAR ENDED 31 DECEMBER 2025 ogkkn LL gtuK Joshua Klng$ton FCA (Strnior Statutory Audltor} For and on behalf ol Burton Sweet Limited StUtOry Auditor The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1 UR Dale.. 8 June 2026 PJJe 19
ECHOES INTERNATIONAL STATEMENT OF FINANCIAL AcnvmES YEAR ENDED 31 DECEMBER 202S Unrestrl¢ted Restrlcted Endowmwrt Total Funds Totsi Funds FuThl# FurKI¥ 202$ 2024 Donabons and gam$ ChamaLqe aGtsvnieB InvèsbMeMS Other 2.074. 47.952 3.485.450 S.$60.110 47.952 119.221 8.098 4.273,622 54.297 128.745 5,206 6.045 Totsl lthccthe 2.246.774 3,488.FKJ7 5.735.381 4,461,870 Exp•ndRur• l.. 2.140.624 3.457A34 5.598.058 5.032,054 Totsl •xpondrtw• 2.140.624 3.457.434 5.598.058 5,032,054 Net IrwnellexpendilLYel befr Investrnenlgains 11105585} 1.19) 31.ln 137.323 1570.1841 Nei oalns I (k5) InvwmwI6 Nel 93ins I Ihmeslon Investment propeny revalUatan 139.716 7a51 148.460 77.9B5 120.(tsJI 120.ONI) 14•t InE¢)rn•l<•xp•ndttur•l 225M6 32.516 7,351 5.783 TrBnslers jS 37.443 135.fK•J} {2,4431 Not M0M•nIb?tsWon fun 263.309 12.434} 265.783 Totsl fiJnd• at •tart of >Yar 1671.1thJ 431.O)1 167,01 4,269.119 4,761,338 Totsl lund• •t•nd of •r 3.934.409 428.567 171,926 4,S34.9D2 4,269,119 ThTrChontyhM fvj 9% 0lhBrkn tha leh$ IaUlabove.
ECHOES INTERNATIONAL BALANCE SHEET AS AT 31 DECEMBER 2025 2024 Fix•da850ts Intangitle assets Tantsib 888et3 Investment property IDveslmenls 13 14 1$ 16 101.7(MI 520.445 10.(Xh) 2.310.110 S46.527 30.0 2.694.278 2.942.255 3.27D.805 Current us•ts Debtors Cash al bank and In hand 17 1.584.49) 370,243 1204.091 156.328 1.954m3 1.360.420 Lfjabllttl Cr¢ditots fli 5YJr 18 1362.0461 1362.1WI N•t curr•nt a•••ts I I11$) 1392.617 898,314 Totsl u••ts l•H cuff•nl li•bWNI•• 4.534.W)2 4,269.119 N•t 4..9)? 4,269.119 Fund• llnrmC10d fvnd¥ Gwer¥i funds 08signal8d 23 23 1.611.637 2.322.772 463.680 3207.440 3.934.4CO 426.567 111.926 3.671.100 431.W1 167.018 R••trl¢i•d fvnd 2J 23 T•t•lfuhd• 4.534.9)2 4,269,119 Th680 finart¢ivl s181lVA byfvTll0O1thI..19..ay. 2026............. •¥J w8 ww80ty1Ihdt b8h811 ty. 8lfflon Pwln¢•, Ch•lrmlln Engllth Ch*ltythumb•t.. 11738SI S¢ol¢l•h Chirtywrnber.. SC04rn7 Company nurnbor.. CE011337 21
ECHOES INTERNATIONAL CASH FLOW STATEMENT YEAR ENDED 31 DECEMBER 202S 2024 Nèt cash oulfiowfrom OpernrjJ¢l1wm5+¥ {372.739} 00.6581 westlng a¢¥1P PAyments forinLwINe fixed ayi¥ Payments tort¥ngible fixed Movement In cash h6qd as Inv851rnenls Purch din¥estrnwts Pro¢eE¢s ftom $aSlV¢sli$ Investrnent Income {101.7fy)1 42.1 {810.5921 1.136.757 119.221 114,8681 1432,3821 1.067,722 128.745 586.6&1 749.217 Not ca•h Inflowlorth• •T 21 213.914 48.559 A•1•nI Chantylaw yohibls Ihe cl nBt ca5 onyendtyAdcf clhwrestrthd fvjnd tooff501 nol cash outnow on anyfund oLrt$e its obiacts. excwai In lh r05trKw&I has noi anyeffecton c4sh fW5 lorlhe w.
ECHOES INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 202S l Accounibng pol5 Accounlng ¢¢>n¥enibon attCnts lfinantha $L4MeThts} have tse 1th thÈ Stat&iieni ot Re(xrneThded p.. A(thntlng and Re00th by Chanbes In the F81 RerthNJ Startdd wlicafie In UK and Rewblic of Irdand IFRS 1021 L$Sd In OtiobÈr 2019 Ènd the Finan(JÈl stsndèrd ÈprlitatrAe In ihe United Kingdom and Rewbllc ol Iar IFRS 102). tr chaiths Ad 2011. the Trn$e Investrnl (scottalI Ad 25. thÈ ChBdUes A(Thts IS() ReyuLbMg20tk8and UK GtyAttel Pr¢ÈSit 1 JAnuÈry 2019. Thg accounts {finaral slatementsi ho been kwtyar•d tow a ar (pted from th& Chaiitsos IAccoun15 and Reth51 Regula11r I( lo extem rgwir•Y to FThie a and fair Y.. This wnure has In¥dv84 Iiqlowng ACJ11n0 and Ring by ChaiiDe5'. siaiernem of ReCMeThd PraGtr aPtil0 to thant wepariw iheir acuunls In accordance wth the F31 RgwtsThJ Standttd Katl& the UK aTrJ RepLI d Ireknd {FRS 1021 Isswd In October 2019 rather than the AccNnllw and RewrtirvJ by Ch3mKs.' Stst¢mBnt of RcInmeJ1 Prae4 effecthve ftom l April 2W5 ¥hith has nce bean Ithdra%. Ttr ¢hAntyi$ 0 pJf41¢ tthelh 8nlhtyaSfij undgtFRS102. TF Trust88s ¢(xBthrth8t no trtaintleS aN1n9 tho ADility ¢1 the ¢hWty to urtiue ¥$ • ¢¥n t¢ found in thtr T[V$¥S, Incom• Income Irorn donatsoD5 15 iThguded n IrK£¢neknlhè$•arO rec•vat, excwas lkn.. l. When donors that thnoDon5 to Ihè chty rnust bfr uF¢d fuwre thè In(Xy IB defenèd unlll those pefiS.. 11. When doncrfs Impm COndrt to t bofNe th& carity bac£ffles afflidE b LW such Inc£rf, the Inrne 15 deferred until the wtrcondltic hB¥e been mot. Lo08¢ 8rB In¢luded on 8 b¥ ¢yrty i¥ 10 irt¢yntr, Il (n bo n1tr85uT reli•Lqy $hd re¢eipi Is probable. Wlwe hèvt thonty. or thynly 8¥tr of of probate, 8nLI the for mitend. Inw6trmeni Ir0m9 ty) • r8c•¥8118 b•6•. Oon8tions In kihd ¢oMpwi%)rO c(ts¥0m•8Wl• I1 tr 8MO8YwhJ CW$8 hayo to t Paid ftv Ewolbj wrMs•J in th• La881tybtht1& VAT c8nt D• Ch•iii•ts¥A¢iivl Gr£nts gwarded ar& td tothllrtlat4e athilies. GrEnts awaided are trted u exLye4y i lablty in the acuwt6 a5 soon a5 hgal rff c4Dstrwbve oblig£lion5. In the case ol ffluIts-r 9T1 a¥Mrds. tro am irnrnedwtyrecwised we cOrlbr3 lo be fflet by r¢UpTrIt0e the re•Se Otsubsthw7 s. Gov•manee ¢ost8 c(th8wo)•With m•w wy1rm•nt8 of th• c•rity •nd Ind$ the 8uditf¢es Ik¢a to the oftrftsnty. C¥n¢• ino•d iihin Suwort 23
ECHOES INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 202S l Accounibng pol$ fc0fr7thtt Alloeauon anappthte0sts certain pxpendrfurE Is direetyatttthtai thK% hss iwi inththd in ¢wes. Other$L. whi altr to (t¢m. ¥fy ¥r(tss ssseswentof¥rkltsl tstrtd ¢uifr(wn brne totyne. stsff tim P¢nslon cost8 and other post4thlrTh1 neI The chaniy con1nleS 10 defirEd con1n0Th pensth sthms. CQnthFArtS payaFA8 to the thaws sth8m8s Are cha to slaMent ol Fifk4rval ACtsls In b) thay fda. Intangib assets At eoslknss aeoxnuLqtad arnon. Am(rts&w is so as to81kte cost ofiMangitrAe aSS6ts less theii r8sidud vduEso¥ertsrasbm8tad LefiA •(XKKyThc&¥os. thè StrawaM4K basis. Th8 8stimaied usthjl IIv86 Tinglbkn flx•d ••••t• Flxod •t$ are * ¢OSt A$88ts (tistirolo$9th8n U.(Kn8r8 not ¢81$11$ Depwl8tlon ¢8kul8wd so as towie off 88$8L wm818d v8lu8. usoful Ilf•ofthW 8S$8189 follows,, FIulES & Fmifw¥ -c40r3 wrs., straBhlln Compuifquiw8hl. 5W¥. Freed piwimwo¥ernants . 8- 10 5wrs', 5traWlln• Flx•d M••t Inv•ityn•nt• Invasbmenis alè InclL41od 81 • 31 D•r•ntw. SQFA 1•• thg w g•ww 9n0 rnvlu0l1$ And d1$p¢Sa dunro I). Cuh •1 In Cash albank Le5 Ch tern 5trKrft rnabJntyofthTqe rrhjnihs c(les5 from the dele olicquisthn ryapeThwolihe dep05rt Orrni Dccounl. LK9)IlitiO$ s to¢ffjni Shw 088$8 tot¢Y wi evW. it 1$ ptob8Di•th8t 8 tr8n618r ol w10m Denofil 11 In $8M•m8M. 8nvint of Ir etdom•ni t 8stimgt80 ro1i8tly. Li•Irt1¥S 8t8 r8¢OQAI$ 81 8mount th• ¢)Xg1ity il p8y to 8•Uo tho 00)t or 81 amount rt h8$ re¢•w8a 8$ v8nc80 paents1O1 tho u¢$ or881vi it m% wobTrJO. Pryhi¥th¥8r• tl8¥UthJ 81 bOSt 8¥bm8t8 of th• 8mourtt6 rOquir to $01do th• oriig¥iith. WhWO tho •lld bm• of 1$ m#tri¥. tho 1$ b lyi Ihtr ptytseni Y•bJ0 of thO$O •mouni¥. IhlOrFFI ch¥gas. Fund I01T1p UnrÈstrithÈd knd$ ¢an bs w¢d In 8¢¢(rf¢8rtfyith th¢ (M40rt4"8a$ 8ttri9UebW ofihè tru$t¢è$. R•strithd funds tsr pt¢uL¥ rysth(80 pJirix8¥ ¢Jnty. Rstytth$ thon spocif80 y ihg (Y whon fu$¥ r¥ise¢ f(Y p8rtyyJW wrfft8¥ O¢snated funds fcnm mOfur11i hkn* bn as bthro for p¥11T tythè Trustee9. Thèy8re nthresththd ar can Dè trAnstsmd towwal ndS Anybm8 at ofthts Tmstdès. Furthere¥Flanafyon ofvw rthrpwwj or98thfu 220ftsfaI statornonts
ECHOES INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 202S 2 Income Irom.. Oonaiion• #nd ilrw•¥tsir¢•d Rfjstridwd Totsl Fund¥ Fund Funds SE 2025 8ernWy Individual gift5 OlhErixlle¢bvE¥ts TNs1s Leoacs 50,607 216,164 42.499 1%,368 1.569.022 613.689 664,496 1.527,338 753,116 1,006.691 1.60S,469 713.617 810.323 36.447 2.074,660 3.485.450 5,560.110 T•tsi Fund• 2024 Pwlor Fund Funds A$s¢mY gifts Individual grfts OlhÈt TNsls Log8¢S 57.023 199,076 10.577 2Y,086 805.986 600.360 1,Z29177 2.224 635.113 657.383 1.428,253 512,801 869,199 805,9B6 1 3W.746 4 273822 3 In¢om• Iram.. ch•rha aclNbIl Llrw••trlrt•d Fund• Totsi Fund• 2025 Fundb F4Jbllihl 47.952 47,952 47,952 47.952 Pwlpr UnT••trktsd R••trfGt•d FundB Fundb Tol•l Fund• 2024 F4Jbllthl Y.297 54,297 54297 54.2B7 4 InMm• Ir•m.' Inv4•tmDDt• R••trfct•d Tot41 Fundi 2025 FyfvJ• 78.S53 1.104 79,857 3,304 36,260 Intereslre¢6fftd Rent Irorn Investrnenl ycprty
ECHOES INTERNATIONAL NOTES TO THE FIMAMCIAL STATEMENTS YEAR ENDED 31 DECEMBER 202S 4 Incomefrom.. kn¥estsDents uru•#tT1tt Rstriet Totsi Fund¥ Funds Funds 2024 Pwior lf DiverS Interestre¢eiv¢d Rent Investrnent 89.774 90,921 2,028 35,T96 35,796 127,569 1.176 128,745 5 Expon¢JlbJr• ¢)n'. Charltabl•adMI• Dlr¢¢i GrnTht fvnd Support Co INot•71 Toial Funds 2025 (Noto 61 Glfis to rryanl$&b(w)S Gifls and allrKalions to IndiwdL415 Publishing, molL$80n & ¢qPF •mDe¢¢sttr 1.431.293 3.OEII,371 133.6 133.622 481.185 130.410 1,564.915 3,193.593 708,740 130.410 227.575 227.575 4.491,664 878.819 5,598,058 Dlr•¢i Gr•ht of Illot• 61 Svpwt To¢•1 Fu0 2024 INot•7) olfis to LYg8nis8bLY Gifis and lcKalioD5 toindMdL PuD119hlng, mo1¢7 8 fj9 8mDf c8r8 124.417 124.417 448.021 121.428 1.141.229 3.102.156 667.243 121,426 2.077,739 219.222 219.2 3.W,551 818.281 5,03Z.054
ECHOES INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 202S 6 AnalWs of grants 2025 2024 GD¥el Fel(thship TruStirfkndKq Immanud Evangdi¢ thurch IAoshi Chnsiiw Children's C£nife azi0[ CCE di Siena TLal ofgrantslo ollWgaThsatic{ £y).LW wiaxreDtorwic¢y) S2.1 SI,5 77,n7 60,313 S1.330 318.184 919,043 828.867 T1 grani c0mmitrllL8 loiThviL8 3.(,371 2.977.739 Total gfdnts mad• In ihb >wr 4.491,664 3,894.S51 2125 2024 CommibX¢hL¥ tYOWht l(Thrd Nelcornrnilments made In Ihe P8ymeni$ dthrvj the 8t 236.783 4.491,664 14.570.107) 169,659 3,994,551 13.927,4271 ommitrnonESC4rn0dkMrd payat4frilhm ono N(rt• 18 158,340 238.783 7 SuppDrt ¢t Tot41 202$ T4)tal 2024 SIEff costs R•io$. Iitht. he81 and Insw8r cning, deCor0ryJ and rew Ti8vI- TtsJ$i••8 TIll1.Other otfi¢o ¢¢$18 Gmmance costs Equlprneni reng* •nd mnI Prolession81 lees eank charges ndryofft8 xpens86 OepreoatKn {p•x• 10} S13.4fi8 33.458 17.479 1.565 480,802 30,882 12,793 1.935 85,436 16.872 29,825 83,$33 42,682 8,718 16.614 J9.680 96.094 34.437 8.93 14.894 26.083 INr4e81 33,729 878 819 818 281
ECHOES INTERNATIONAL NOTES TO THE FIMAMCIAL STATEMENTS YEAR ENDED 31 DECEMBER 202S T¢)tsl Funds Totsi Fund# 2025 2024 AudhDrfs lees 19.320 18,000 TN51e& meBtsng5 AdvisorygroLV Stratle pnrIng arKI 15.947 3.574 5,566 1,354 3.561 39.680 29,825 9 Not Incorndl•xp•ndttur•l lorth•swr This Is stsd afier chwgirs.. 2025 2024 d05 remunBratic 19.320 18,000 TN51ees' trayd. meals. •Th#1rnlrPtXpQr 00we0èt 3.851 26.083 3,270 33,729 5 Tru8t88s •y4kn) 88 JesthW 12024." 41 No Tru$t8• waivod any r8murw8bW 58t. Aggregaio Truse8. key psfyoSM89£7,64512024 £3.1351. 10 St411¢¢xl4 and nuMrn The agoregale cos wwe.. 2025 2024 Wages & salwes $vlY¢0$ PeD5hJn conlnbjtsorffj 434.123 37.831 410,246 31,360 39,196 513.468 480 802 No empb5Ye receNed emokrnisc4nKKe ihaTh£60.M. Th8 Svtrage %lYnLwnldnFthJffts dunry the 18f20Y. 191. ¢4trx4thd trbO$ts of8Yer8ge TTh 8verage weekly numberolerrolobes dunry Ihe par 1512024.. 151. c)Jlat84 ba516 of lull Iirne eguiyaWI. Key ffllnagemenl perTr IDchJde ihe Tnjstees and E¥6Y)Juve OirK¢o7. Tr¢ W ern&401 tsefit rved by k&yffl&nagernent perPnn In¢dI ernpw nDth7Dd Irwi•Ke aThl err0orpVe É126.930 (2024.. È10S.1%1. 11 T•x*tlon
ECHOES INTERNATIONAL NOTES TO THE FIMAMCIAL STATEMENTS YEAR ENDED 31 DECEMBER 202S 12 Staten)eiit ol FIMt)clAIAdvlls ¢ompArnJ¥efigures Uwetrie R#tsitt•d Endts4bTnènt Total Fur Fund FurKIs FuTrd$ For th• >Yar•nd•d 311 D•c•mbDr2024 2024 In¢omefrom'. Donabons leg¥tyBS ChantabknaGtiwtses InveSent Income Olher Income I.3(.748 54.297 127.569 2.966.874 4.273,622 54,297 128,745 1,176 1.645 Total IncorTr• 1.492.175 2.SW,695 4,461.870 Exwndl¢vr• ¢>n: Chantabbactiwtses 2,LW.WS 2.952.049 5.032,D54 T•¢•1 •xyndltur• 2.W.(K)5 2.952.049 5.032,054 {587.&10} 17,646 Nelgainsl1I055esl InYe51rnen15 65.073 2.712 10.1 77,965 tr4•t Iny)rTrvll•xp•ndttur•lfqrlh•>•w 1522.757} 10.180 1492,2191 Trgnsl£rs bèiwe¢n fun¢$ 16.ts)1} 8,fPJ2 Not mov•m•nt In fun 1$26.7581 10.179 1492,2191 701•l fvnd• •1 •tartof 4.199.858 404,641 156.839 4,761,338 T•¢•1 fvhd •1 •nd 3.671.lOJ 431.(N)I 167.018 4,269,119 13 Inl•nglbl• •A••tA Tot•1 Al 1 JaTrJary 2025 Addkn$ 101.7 101.700 Al 31 Decembw 2ff2S 101 700 Amorti4•tlo Al 1 January 3)25 Ch8ro• l¢tI y•¥ Al 31 Denb 225 Al 31 Dgcernbw 2025 101.7 At 30 De¢¢mbw 2024 Ourtng the ywrthBre Yea4yemc(bthItleArMth9eo.AthAPp Ag Kwse. no AmDrbyalon wAgcharged dudng tho wr.
ECHOES INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 202S 14 Tathglbleflxed 4Mi Fr•who property Computèr Totsi Cost At 1 J&ary 2025 811.112 9.478 169.995 89.049 1.079,834 Diswsa At 31 DÈcemb¥ 2025 9.478 169.995 89.04g 1.079,634 O•pr•dFIIDn Al 1 January 3025 Charoe Icrthe 324.621 16.2 169,494 489 30.307 8.6rKI 533.107 28,082 Al 31 December 202S 340.821 9.478 169,983 38.907 559.189 N•t btsok ¥41u• AI 31 OKembw 2025 470.291 12 50.142 520,445 At 30 Dec•mbw 2024 4e6.491 501 58.742 IS InwtrMnt Prowrty Frn•hold Inv••tm•n Pr•pvty Investrnenl propBrtyv¥LthOty è11 JLwy2025 Impairment In Ihe ar Inv8strnni ptOwtyvuth0ty 8131 O•Ytw2025 30,0 120,NOI 10,000 18 InwAtnMnts 902$ 2024 4vkatl Al 1 January 202S Purcts ol Invesbmen S8le of 1nV¢$tm11 3.023.928 810.592 11.336.757> 148.4eo 142.9671 3,566.436 432.382 77,giy 14,868 Mo¥emenl In c4sh hdd InThenL8 habj at 31 Decb2025 2,e03.256 3.023.928 Le55 hdd as aynt 1293.1461 1329,6501 Chanty Inve51rnents held al 31 DecwnLw2025 2 310.110 2 694 278 HiswiKal cost Llrrfj lu$ ageTh1 2,370.791 2,924.86J 2025 2Q24 Lisredinvestmenr Fixed IntÈrtst UK 9quitS Overseas equityes 5.1rKI 722.717 89.527 2.181 43.751 770.294 935.835 775.250 45S.834 66.715 Cash as part of Invg51rn8nl wwlf(AK> Less hdd as a9ent 1293.1461 1329.$501 2,694.278
ECHOES INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 202S 17 Oeblor• 202$ 2024 Due In Ihan one >ar PrepayThents and te it1)[tr redaimable undw Gift Aid Legècies ietsYatAe Ottwdebto 38.711 14 831 1,S21.7 9.155 10,f3 1.144.0 35,507 1.584.450 I,204,1 18 Cr•ditorè: am¢Juntstsllnq du• illMn on•y•w 2025 2024 ryedit Grfints pay2bl8 Okn taxation xwial sw)Jrity als and defeFTed Infle 61.694 158.340 41.186 87.63e 13.1 9.717 238,783 17,440 90,177 7,989 INL4861 362.04 362.106 19 Qp•r•fjh# 2025 2024 Prqml••• Pr•ml••4 pbIl Within 1 wr 2 to S b•a 2.S13 33,503 2.513 33,120 11 R•¢onGlllutJon olnvt rnpw•m•nl In n•t Gb•h Inllryfrc¥n owr•Ung •rtMtI•• 2025 2024 SIElemenloffvDFAiualMbVht'. Nel Mumn1n frjnd 265.783 1492,2791 InvO$bx•nt in¢omo Oewecial G£ins on InvesbThen Inu8 in dèbtors ID6¢re8881 l ¢r8 in Movemthil In wl Investrnthii $ 26.083 1128.4601 1380.3Sgl ieoi (S6.5) 33,729 177,9641 172,3301 38,942 N•t u•h •Ulll•wfttyTh WV•llty •¢llvlO 372.739 700.$58 21 An•l>lt •f ¢h•nga ltt ¢h y• 2024 ¢hllnge Cash * and in Iwwj 370.Y3 1*,329 213,914 202• 2023 ChAthg• Cash at bk and In hend 156.329 107.770 48,S59 31
ECHOES INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 202S 22 Movementln thnds For th• >Yar•nd•d 31 D•c•mbDr20 A11Jan Galnsl Al 31 D•c 2025 Rèstylctsd fun Misswary Personal needs 8enefKiary Win9 I5590¥. Chithn's Furwj Ramsden fund Olwier fut Ruih HIeY Mgmorid knd 168232 1.513.982 1.8J1.307 1.421 42.9&1 1.104 62A12 {1.499.9341 {1.826.930} 1,380 4.377 105.283 43.858 50.788 105283 43.6TI 48291 142.XrfJ} 1.393 174.9291 111.4ZO} 4S.13) 33.700 3S.IN)) 135,LWI 431.001 WT.434 31000 42C567 Unr••trlct•dfun Gwer81 fun0$ First So• PvDli8hlno dep8ffiWt MisswaryV Or8tt fund Legacy equalis•bcn IAedical Nlinislry supw I6e I.1.489 1418.669} 337.461 23.121 72,419 {1.7531 119.716 1.611.637 1148.709) le66.> 2e6.652 4W.fXTh) 1.550.N 581.797 1.$50.LYJO 120.CLYJI 16,895 I.230> 197.rKAI} 30,2)0 Povertyand hJ Str¥teoi¢ Initi8tiv• fund EqulFThenliDd maten1c 2,?$1 5XJ.4WJ 141.507 1#.603 278.374 362.620 131.778 132.OC•Jl 19.7291 1125,8701 3.671.100 2.244774 ,140.6Z4 37.143 119.710 5.934,409 end¢jwrnt lund• IArg H M8¢19on Twt A H 8oult4n Fund 39.740 127.278 1.170 6.181 40,910 12,4431 167,011 7.3S1 171,926 To¢al fvnd• 269.119 5.73&311 &59B.O 128.4eo 4.534,802 R••tri¢t•d fun 8•n•fi¢lryholdlno. m¢y)•w¢W lthsthlxl instryrth0. 14lonarle'Chlldr•n' Fund.Iheaim [j K5 YJKthectsken ot mS rrters¢x%nmended from UK assembNe5 to helpVlh the edLubonBI expenses inDJrr&#. umlfwiher&1Uen. trr parents are seNng on Ihe mlssKJn d.
ECHOES INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 202S 22 Movement In fvnds (c¢ed) Restrfcl•d funds the UK. Dls•stsv fvnd. dona1bS 1Wd56FTh8dknl5 ofcfvca nèpd. uwjaly a5 a r05LcrfnabA orhUMKitari disasters. Ruth Haill•y M•MOrf1Und.ffurljreGd in a5 a rnl55iary Awola. Fusre diDMted forsuiiaNe misgonth Ary4a. App d•Wlopm fid. ioitr48kw 8r#1 kntemk)14 W. Th8 tr8n$fw In the ye8rreleS to c8piL4liSètNM Dfthe Èssrwt¢d eXrThth s¥. Utr)rètrlctsd A Thd dMlonat•d luts a•Mr•l. Fu$41bIo Tnjstses toadrnir45rthptywnu ctierlThwoftreCh&ity. Flr¥t S•ry•. lunds duwgnyted l(Ytre Firnlserve pwwnrne. Publl¥hlng d•yrtrn•nl-PTh10s bytr Tr1¥¥•$&-N8. trthe oftts)k¥lfxi fl16s •r prooucih>) ¢1 lh& Djity Pr¥yer GuidB 8NJ purposes ollhe 18Dlywthin )¢•r3 olre¢eW. L•y¢y•guall•atkn. MoThes thgnthd tythe TnxleDstyJ4LI u • 70"t0 GuFVknIgWrva undertho obo¥e catewy. rnisgonary th unresmcted. ShrId that mpmanl catawc491( Inc¥2mEdedine. MdI1. 8rl In c¥. Inl•try•upwt. dwnot¢d tyth• Ityovwtyofchrw mmffjtrifys Wt¢rabJrfytyk. 8nd disli10 ofv¢ma¢yJl¥ BIW * 81tyfr Sludyoth. r8dK)tKoJ¢a$bro•N1 ¢dher8$8•1fy¢ xts¥Iti. NatlDn•l wor•r. Monies d05Woled tytrTnJJteE8to Natscrd SeThM4eto dmtrbjie M17$ DThhJng51tsrown ilnCUS Chnsban e Pth•rtyind r•lhf. byts Tryesi0 •7•finl IofprMYrIW0f0n0 h8rd$hlp. str4t•glc InhI•ii. Monhx etasthfc¢the rundirgc1rrm1ttTr WOJBtyS9k&&ty. nc(mdlyowa pornd. Thèfund 19 used for prr4aethdBdtho COurneofrowL•rgts and tyE¢0 Inwnauwl aThJ IAllmltad to t90 h1n ihB er¢thrnn movBmBnt(thc4e 9ubstsntrAI links toth8 nMMmeM. Equlpmont Jnd fflalnt•nllw•. bYTrlee5 for¥upkwoftheolfiL* wryeTtya cllpild eypendrtureon equipmert.
ECHOES INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 202S 22 Movement In fvnds (c¢ed) End¢Wimtthtfuthd AH BouttoTr Twst.The FuThY upforthe bWefftdECofSeS-thfr¢neTr1 fvnd eKwnentbekwé 15 a permanent 01. rs H MAclen TriMt-TTntsih3yry bBen setw•kKthè tnEfiirfEfkns orSeTh- enth)Jmient tur LS &n ewd&blè endowment. For the ¢ndod 31 DetbAr2021 AtlJJn 2024 At31 ti 2024 IDrrffl• Exp•nd#w• Tran•f•r• A•¥tl•d FuDd• 156.157 1.129.750 1.718.435 44.351 37.622 {1.117.575} {1.724.437} 144.351} I47.6) 168.332 Per50nJl n8eds eenefieiary holdin9 15sw8rio¥' ChIr0.¥ FUNJ Ramsden fund Oisa$ier fund Rulh H*l6y fwd 6,3 105.283 53,678 44.403 105.283 43.677 48.291 20.298 45.120 2.712 38.361 118.W} 4S.120 404,641 2.W.695 2.952.049 6,002 2.712 Unr•itrlct•d Fundl OFngr¥l funds lrnergtrdhJndtsi Flrst so0 Publishino doPaltrnWI m1ssKnaryv Ot S¢ott Furtd Leoacy equaliubcn IAodi¢81 Ministry suppNI 351.870 348.459 65.073 463,860 128.071 {148.7091 1866.696) 76.29) 581.797 4.() 72.419 147,PA)I 619.351 286.852 450.wo 1,550.0 2.(W.l)J) 14&1.(NX)I 120.tt0? 139.gWI 130.2301 197.IKXII 120Tr 132.rth} 19.729} ,230 Nalion81 ther Povartyand frJn 239.2(N8 678.360 151.2 19.103 258.781 520.490 141.S07 1125,87Ql Equlprneniand maten J 671 100 Endowrn•nt Fund• IArg H M8clean TrLL41 A H 8oul¢ty) Fund 37.316 119.521 2.422 7.7 3P,740 127,278 156.839 10.180 167 018 To¢•1 fvnd• .701.331 4I61M70 &03z.o 77.5 4.269.11#
ECHOES INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 202S 23 Anal$ olnetassds beknn fvnds EnoTn•t funds Totsl As at 31 D•c•mbor2025 nds Jnds Fixed aseds Investynenls 011r net £sset6 822.14$ 2,097. 1.214.868 622,145 2,320,110 1.592,647 171.926 377.T79 3,934.409 428,567 171.926 4,534.2 Uth¥trict•d R•trt¢t•d Endty7n•n¢ nd• fundB As at 310•¢omb•r2024 Flxed wfjis Inv95trnen Other nei asseta S46.527 2.9)8.969 615.fl)4 548,$27 2.724,278 998,314 48.291 382,710 167.018 3.671.ICrfJ 431.(N)I 167.018 4269119 24 R•11t wtytrnnatllon• rt)fLthtiiaM8¢Otrtwm p>wotr•ihOn wuthj byth• SORP 25 Funth h•hl 4• 4q•nl In th• Lwtt8ni 8r¢ w 58r. Ettth6 tWof8WW typ8nO8 a1 proJKts th snl•r pwpo$o& to E(008 Ihi6rn81ion81. In IhiwMbth)o1 ••)7.01912024.. n6.7291.•bJ m&Jo p8 of£243,S2312024". £38.8001 on th8 instrLthN ofma (ty9rWmbc. Al rtyJ 86 8llenibJ*O £293.14612024.. £)29.6).