Unaudited reports and Financial Statements For the year ended 31 December 2023 ECHO International Health Services Limited Registered in England and WaIes Charity No.. 264681 Company No. 1059894 Contents Page l*gal and administrative details Report of the Trustees Independent examiners, Rtport Statement of Finaneial Activities Balance Sheet Notes to the financial statements 8-10 ACCI)iJNrs 2023 E.CIIO INTF..RNATIONAI. IIE.ALTII SERVICE.S LTD RBG CHARtTY NO 264681 REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 LEGAL AND ADMtNISTRATIVE DETAILS Itgal Registration Rcgigtcred in England and Wales Compani. liniitsd bs" guarantec- Number 1059894 Rcgistcrcd Charity._ Niunbcr 264681 Trustees {Dire¢tor$l Hugli BelsliaiN', OBE (resigii¢d 29 Marcli 2023) Alan Butler lan Campbell And). Jong Joan Maves Nick Woodii)g Ichairnian) Companv Secretary Stcph¢n Travis Re2iStered Office 6 Grosiciior Road BanbuTr'. OXI 6 5HN Independent EAaminer M R Hi¢Lson FCA CTA Jacob Cai enagli & Skcet 5 Robin Hood Lanc Sutton SutroTr' Shil 2SW Bankers HSBC plc 42 Chipstcad Valle). Road COULSDON Surrc} CR5 2RA Ini'L¥tment Comi)an)' Ini'cstcc Wcaltli & Mattag¢incnt 2 Gresliaili Strcct LONDON EC2V 7QN PAQiE I ACC()U￿rS 2023 ECHO IF%rrE,.RNATIONAI, IIEALI"H.SI.:RVICF:S L'I'D RJ.-li CIIAktTY Nn 264681 REPORT OF THE TRIISTEKS FOR THE YEAR ENDED 31 DECEMBER 2023 The trus1¢¢5 present thcir rcport and financial statements for the N'ear ended 31 Decell)b¢r 21123. STRUCTURE, GOVERNANCE ATrID MANAGEMENT 1.1 Constitution of thc Charitv and Status: ECHO Iiitcniational Hcalth Scrn'ices Lid is an incorporated ¢harilv limitcd by guarantee, hal'ing no sharc capital and 15 goi'crncd b!" its Mciiiorandrllii and Articles ol Associatioi). Tlic companv numiKr is 1059894 and the charity is r¢gistered i%iih the Cliarit*" Com]nissioii number 264681. Trustees (Direetor5): Th¢ trustees (who are also Direclors for the purpose of Compan!, LaiTr), Ivho hcld oifice during thc vear are listcd on page I, L¢gal and Adniinisirative Inlorn)alion. Trustces arc appoift￿d and clcctcd in accordance with Ili¢ Menioralldum and Articles of Asstsciation throllgh a vote of mcnib¢rs ai t]ie AGM wid are appointed for a three }'ear terni. There are currcntl!. five Trust¢cs, all of ivhojn liavc been given r¢lcvant Charifv Commission's publications. IJ Organisation Managcment of the Chari¢): The charits" has no staff and ih¢ trustL%S are aotiN'cl!' ini,ol￿.ed in the rnnning of the chatity. The charith. is a mcmber of Global Conncctioiis. a nctsi'ork of Jnissioi? agencies. and scveral trusl¢es use tlie n¢tworL for training and pccr learnii)g Th¢ opcratioiis of tlic cliaril}' at¢ coiiducted in accordancc i¥ith the policies and strate￿. approi'cd b). th¢ trustecs. There arc iio sub-commitle¢s. 1.4 Trustees, meetings and procedures." The trustees schedulc approxiniately Ihrcc nicctings a }'car. All IneetiiisFs are full}. recorded with ¢lcar decisions and action points. Th¢r¢ arc clcar goi"crnan¢e proccdures 211d liii¢s of autliorily. Nonc of th¢ trustees had an}, fiiiancial inter¢st in a]1s' transaction or a￿angcme1}t M"Ith thc charilN during th¢ I'car and no trustee r￿e1Ved an!" r¢￿uneratiOn from th¢ chariti. oilier tl)an tli¢ r￿a￿li]ent oc ¢XPCEl5es (iiole i). The irustccs ]aintain a conllict of intcrests rcgistcr. Thcrc is a clear proccdurc tl)al il th¢r¢ is a potential conflict of intcrest on ally matter, the trnstee M'ith th¢ polential confiict of interest is asked lo leave ibe room and tak-e no part in thc debat¢ or decision. 1.5 Risk M&nagement". Duriiig thc }'car: thc trust¢C5 continued to r¢1'ici￿ tlic risks to ii"IiÈrh Ihc cliarits is expos¢d. seeking lo idenlify, all the t)iajor risk.s, in particular thos¢ r¢laling to the grant inak'iiig operations, ad]ninistration finan¢cs of the charity. Thc trustees are satisfi¢d that there are systems in place to Initigate lh¢ cxwsure to major risks. Internal risks are mintmised bv tlie iinplemenlation of wntrol procedurcs for all financial Èransactions. This included data back-up of all records and reN'le￿Ing monitoring and reporting rclating to all grants Jiiadc. Extentsl risk.s arc minimised by regular monitoring of Ihc cxterDa] eni'iroiiment eoN'crii)g donors and l)ealtli carc issues. OBJECTIVES AND ACTIVITIES 2.1 Objectii'es". The object for Thhich the charil}' is ¢5tablished is to relieve sickness abroad in an). ii'hich is ¢haritablc accordiiig to the Lam. of Eii8land and Walcs. At ils foundation in 1966: ECHO had sought lo achiei'e tliis objectii"c through thc proi-isioii of nicdical equipment a]id pharmaceuticals. Siiice becorning a grant-mak-ing b(xl!." the chan'ty. has conceiitrated on grant tnak.iiig to inission hospitals, other providers of health care and ÈnnoTralii'c health initiatii'¢5, C5EKciall! in sub-stharaii Africa. The objective of the grants programme is.. "The improvemeAI in healihcare lu people in iindcrdevEloped c￿{￿117¢.￿, porlici¥larl}' nirtsl threa5 of ￿{b￿ahara￿ AfriGa. where access lo appropriale levels ofhealihcL7re is iyry thffi. ciili" 2.2 Actii"'ities: ECHO s¢¢k$ to fulfil its objectii'es and pro￿.1d¢ public benefit througli providing support Tria grants and advice to insts'tulions, in conjunction with a UK partner who lias a Song-tertn conimitsiicnt to ali area Thc trustees consider that the charity proTrTdes public benefit in the healthcar¢ scctor to poor comi)iunitics through its focus on helping improve sustainabl¢ health carc facilities. PAGE 2 CC()UNry'g 2023 ECH() INI'ERNAI'II)NAL HEALT14 SERVICES LTD REG CHAIUTY NO 264681 REPORT OF THE TRUSTEES FOR THE YEAR EINDED 31 DECEMBER 2023 (CONf'D) OBJEcrtVES AND AcfiviTIES (CONT'D) ECHO aims to allocate ¢a¢h !'¢ar at least th¢ incomc frotn donations and interest The gfignts programme f Siipport for ihe sUStaiiiabl¢ provis50n of hospital equipmciit and infrastructure > Siippoti lor Iraining prograninies Support for programJii¢s ii.liicli focus oil thc i]nproving h¢altli 4."stthns in tlie con)munity Support for iiinoi'atii'e projects iiliich hai'c a potcnlial loiig- t¢mi benefit lo an area or b¢alth ￿ll￿ty ACHIEVEMENTS, PERFORMANCE AND OUTCOMES 3.1 RevieH' ofthe achiei'ement5 and performance of thc Charit)-: Tli¢ ¢haritv has ii?vested a majority of its funds in long¢r L¢rJn in￿"estniel]ls as described iii section 4.4 beloii,. ECHO continu¢s lo usc its Gcncral Funds lo proi'ide a wÈd¢ rang¢ of granis and subsidies to appropriate bodies. All funds are channelled i'la UK registeLEd ch￿l(leS. Detailed inforn)ation on grants m1£ de is contained in the note 5 to the financial siateTncnts. During thc y¢ar the main areas of subsid)" and grants included.. EMMS - Mothers loo Young Projecl_ Mala￿1 Aniplifving> ioices coiniiiunitTr radio slaiioii: Zathbia AEuk"ah NeI￿Ork- strengjihening comniunitl. health netii.'orks, E.Africa MAI- Pioiiccring rural pallialii"c carc progr￿)￿¢. India Brick￿.0rkS Jiciv Clinic transport: Soiiili Sudwi Friends of kn.woko Hospilal - femaic coJitraffptioJi pi1)j￿t, Uganda Semi12ki Tnist - rebiiildiiiLJ tli¢ illai¢niilN' unil. DRC tNF- Lepn)s) free commiinilTr' Project district. Ncpal MAI- community. partncrship for healtli ivorkshop.. Jndia 16,443 14.947 10,000 10,000 6,715 20,000 8.500 7.000 IU2,25S Not¢- Fricnds of Kii4".oko Hospit21 ork on the operating thcatrc cipansion project (2021) has been delaved so thc Trustrcs ￿$clI1ded llie £2U,0110 graiil aii'ardcd in 2021 for this Th'orL- and havc rcallocalcd it to thc building of a nurscs trainiiig school at th¢ l)ospilai. 3.2 Assessing outcomes: ECHO aims to improi'e healihcare lo people in underdeveloped countTies. where access Éo appropriatc Ici'cls of hcalthcarc is I'CTV dilYi¢ult. Tlic twstees ass¢ss careflllly all proposals for funding put to them. Tli¢ lrnstees also moiiitor ani. grants awardcd tl)rougli reports from kneficiary" grollps and seek clarification on whether tlic aiins or rw)d¢d pr()jecls hai'e been nict. All projecls funded submitted r¢ports Ilial wcrc du¢ diwing Ilic period. Public Benefit: Thc Trust¢¢s ar¢ eoininittcd to iniproi'ing the organigation's practice and ensuring that it d¢liN'ers public ben¢fit as it scck's to strcngthcn hcalthcare f8cililateg. lil particular: the Trnsteeg consider ho￿. grants niade iiill coiitribule to Ili¢ aims alid objcctll'¢5 that th¢N. hai'e set. The trnstecs have had regard to the guidance Erotll the Charily Commissioii 011 reporting on Public Benefit. FINANCL4L REVIEW 4.1 R￿UltS. Thc ol1arEt￿'S actiiities for 2023 are summarised ill the Statement of Financial Activities on pag¢ 6_ Th rcsulis show a rtcl dccrease in fiinds of £81,207(2022.. dO¢￿a$¢ of £71,675). The financial position of the charily al 31 Dec¢mb¢r 2023 is shown in the Bal￿]c¢ Sh￿t on pagc 7. Th¢ trust¢¢5 consider thc financial position at I l Dc¢¢mb¢r 2023 to b¢ satisfactotv. The £1,410,710 (2022.. £1,4U8,478) ut]regtri¢ted fund currentl}, hcld is rcquired to finan¢¢ the ¢haritv's long terni granÈ-making progranme. 4.2 Going Conccrn: Thcre is no rnatenal ullcertÈints' about the ability of the ch￿lty to colltinuc as a going conc¢rn. PAGE 3 ACCOUTr￿8 2023 ELHO INTERNATIONAL HF,AI.TEI SF.'RVILE.% LIT) REti CHARITY NO 264681 REPORT OF THE TRUSTEES FOR THE YEAR EIYDED 31 DECEMBER 2023 (C.ONf'D) FINANCIAL REVIEW ICONT'D) 4.3 Reserves Policy: Free r¢sen'es are those unrestriclcd funds not ini'csted in fixed ass¢ls iior desibinaled for specifi¢ pu￿OseS or otherwise coniinitted. Sin¢c the closiir¢ of the trading aspecLs of tlic cliaril)" and tlic sale of the propertl,, the irnstses hai'e sought to invest thc furtds raised to proi ide an a]inual iii¢unic so tliai th￿. pursu¢ thcir grant making policv oTr'er a lot)g E￿riod. The Ici'cl of free rescn'es slwids at £64,-582 (21122". 1.f 8,711). 4.4 In1'￿tment Policy: The trustees hai.'e discussed the investnicnt policN' on illarious occasions during the i.'ear Thc trustees hai'e continucd M'itli inTrcsting in various funds vÈa a professional iiivesiment ¢oDipani'. In doing this the trUst￿S have sought appmpriat¢ investh)eiit adi'ice and charit5, rei'icii's ivhai funds should bc l?¢ld in equities ii'ith longer ternt gro￿th In mit)d on a regular basis. Tlierc is an approTr".cd ini'.estm¢nt polici, i).hieli thc professioiial ini'estsjieiil companv follows, Ivhich prohibits inN'estJn¢nts iii hcdgc fund$ or derii"atii'es or coiiipani¢5 m.hose main tradc is b￿ed on arEnaments, ￿baCcO. wniograpkp, gambling or aninial tcsting lor c05ni¢tics. FUTURE DEVELOPMENTS: ECHO is planning to ¢arry' on its grani making progrumme over the coming ears, using at least dic incoine from its donalioiis and investments e￿h i'¢ar. Sci'eral missioii l)ospitals are receiving gular assistance, as a varieL)' of other charilable bodies. It is hopcd to be able to continue to increase the grants in the coming as appropriate projects are idcntified. INDEPENDENT EXAMINER: Nliriarn HicK'soii at Jacob Cai'¢n8gFh & SL'eet s¢n"¢d as the Iiidcpcndent Examiner to thc Charity. A rcsolulion to rcappoiiii Mkriatll Hickson as liidcpcjideiit Eiazniii¢r ii'ill be prow5cd ai Éhe Annual G¢neral Meelillg. STATEMENT OF TRUSTEES, RESPONSIBILITIES: Th¢ trustecs, m.ho arc also the d1￿ClOT5 for the purposes of companv law, are r¢sponsible forpreparing tlie Trnglc¢$ R¢port and ihe fii)ancial statci)ieiits in accordanc¢ with app1￿Cable la35. and regulations and United Kingdom Gcncrall}" Aec¢ptcd Accouiiting Praclice. Conipanv lai reqUi￿S the tntstees prepare finimcial statements for each financial )."ear ii.Iiich gil'e a true ￿]d fair vieii ofih¢ slate of affairs of the charity &9 at the balance sh¢ct date and of ils income and expeiiih'ture for the linancial s'ear. In pr¢partng thosc financial ststemcnts, the trnstccs are required to.'- se1¢￿ suitable accounting policies and th¢n appl￿ them eoiisisteiiily; obs¢rvc the meÉliods wid principles in the Charittes SORP; make judgements and estimates that are reasoiiable and prudcnt; > comply with appli¢ablc accounting standards, subject to anv material d¢parturcs disclosed and axplained in thc financial statemeiits; and > pr4)ar¢ tlic fin￿1¢￿al 5talcments on th¢ goiiig concern basis unless it is inappropriate to presuin¢ thc charity will continue in busiii¢ss. The trustees are r¢$ponsible formait)taintng proper accounting rccords which disclose ￿1th reawiiablc accur￿5. at an!. timc the financial position of the charity. and to enable tlieni to cnsure diat lh¢ fiilancial staten)ents wnipl!. ii'ith the Conip&ni¢s Act 2006. Thtr arc also responsiblc for safeguarding the assets of thc Ch￿lty and h¢n¢¢ for taking reasonablc stcps for th¢ pr¢v¢ntion and d¢l¢¢tion of fraud and oihcr irrcgularitjes. Th¢ f￿anCIal statements hai".e been Prepared in ￿cOrd￿1CC wtth thc special provi5ioiis of th¢ Companies Act 2006 relating to sma]1 Companies. Approved by the Board and signe n its behalf by N Woodillg, Chairnian Dat¢ '. ACCOUNFS 2023 F..CFI() INTERNATIONAL HEALTH SERVICES LTI) REG CHARI'I'Y NO 264681 iNDEPENDENT EXAMINERS, REPORT TO THE TRUSTEES ON THE UNAUDrrED ACCOUNTS OF ECHO INTERIYATIONAL HEALTH SERVICES LIMITED I report lo the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023 sel out on pages 6 to 10. Responsibilities and basis of report As the charity's truslees of the Company land also ils directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Acl'l. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's accounts as carried out under section 145 of the Chariles Act 2011 I'lhe 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515)(b} of the 2011 Act. Independent examinerfs statement I have completed my examination. I confirm that no matters have come to my attention in connection wth the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by seciion 386 of the 2006 Act., or the accounts do not accord with those records,. or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requiremenl that the accounls give a 'true and fair Vie￿ which is not a matter considered as part of an independent examination., or the accounts have not been prepared in accordance wlh the methods and principles of Slalement of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and the Republic of Ireland IFRS 102). I have no concems 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. Miriam Hickson CTA FCA Jacob Cavenagh & Skeet 5 Robin Hood Lane Sutton Surrey SM12SW Date.. 21 2oz4 PAGE 5 AccouTrrrs 2023 ECIIO INI'ERNATIONAL I4EALTH SERVICES L"fD REG CF141IITY 2fv1681 STATEMENT VF FINANCIAL ALTIVITIES (IIYC'LUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 DECEMBER 2023 Uiirc%triLird Unrthlriclol Note 023 202 COME D￿&110￿3, IcBacies and 8rgJJts Invesim¢nis 34.892 -39.715 TOTAL ll¥COME 3&330 4{9 EXPEND￿[RE Raising fund¥ GT8nt making a¢tiKties 12,727 1(kn.810 13,9 102.724 TOTAL LXPENDITL.RE 119,537 116,628 NET IEXPENDrfuRE) 1.207) (7J,67S) G2￿n￿(lo$S¢sI on ujvestments 83,439 1225,357) YET MOVEMEhY IN FUIYDS 2,232 1297.1132} RECONCILL4TION OF FUND&. TO￿ fullds bThw8ht fOrw￿d 1.408.478 1,705,510 TOTAL FUNDS CAPJiIED FORWARD 1.41•.7111 1.408,478 The ¢hRiity h8s no r*wi$ed Bains or Ios8# oih¢T th￿7 the result for Iheytsr. Ail in￿e and ¢Xl￿ditU￿ derive from LWtinuin8 activities Th¢not¢s (ll P88es 8 to 10 forni part of these tinan¢iaJ stst¢mellls PAGE 6 Accouwfs 2023 ECHO INTERNATIONAL HEALTH SERVtCES LTD RFfi CHARITY 264681 BALANCE SHEET AS AT 31 DECEMBER 2023 202. 2022 INWF.sfikIE.NTS As%ets iiii'esia iii ewiti¢s 1,346,128 1,349,767 ctTRRF.NT A&8F.TS Ikbiors Cash held on de￿511 Cush ai bank aiid In hand 9,613 10.690 57,309 85,9)6 66.922 96.596 ('.REDITOIi%.. Amount$ falling due ivithin (xie ycar 12.3401 (37.8851 NET CURRENT ASSETS ,582 58,711 'IOTAL ASSETS 1410,710 141)8,478 iNDS L'nr¢$irieted (JENERAL FUND (iiiclud¢% Ilei'aliialicyi Rcseryc Df£147.(11)2 (21122. £145.J66) ,410.710 1,408,478 TOT,IL FiN 1,410,711J 1.406.478 The Tn]sttts c(￿￿der that the charill" is ¢ntiileJ ￿ exempbm from the requir¢melll lo have audit linder ihe PFOVi510ns of YeLli￿ 477 of the COMF￿[]1￿￿ Aul 2006 1"1'li¢ A¢l"l aiid mumber% Iiai'e not reqiiired the cknTity lo obtain an audit lor lh¢ YIAT In qlle41i(xi in accordaiicc Nmih ￿￿170￿ 476 01. lh¢ A¢t 'l'hc I'ru%ttts acknow'ledge their t¢SF￿Sibilit1rs foi ¢nsunrt8 Ihat ih¢ chariti" kecp5 aCC(v￿tIll8 TeL'ord¥ iihieli Coinplv iiith se£tion.1811 of th¢ Act and lor prepArin8 fill2ncial statem￿115 which give u true and lair i'iew ol, the S￿$¢ fjf allairb ol. Ilie ¢haril!' al 31 ￿kn￿lber 2023 2nd of its deficit for th¢ ye&r tli¢n end¢d i au'Lorda]iL* with the rwlirc1￿U7Is ol. ￿li￿n 396 ol. IhL Aci and iihicli Othen￿l￿ winpl) Thith th¢ reqUircmertt% ()t' the CoiniYdl)ie% Act 2UO(7 reffiatlll8 to thc fiTranci*l $tsicmtht$ 50 l&r&% applic&ble to th¢ chLU]ty. The 8 to 10 fotiii part ofilie5e fingnual gtoiemerti Thtt¢ financial ststements Il'cre apprUv￿ bi. Iho B(wrd ond sig)ed ￿ their khaif by". Flick WL￿1n8 Chairmgn D41¢". LI)m￿llY liinited bi. SU8IRiilee. TrJumbK 10598 PAGE7 ACCOUNTS 2023 ECHO IwfERNATIONAL HEAI.TH SERVICE5 LTD RE.0 CHARITY 204681 NOTES TO THE FJNANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 I. ACIOUNI'ING POI.IC.'IES The CILqrity 1$ a ￿￿Trate company limited b> 8uar*iilc# incortx)rdled in Engiai]d Wol¢% and Tegtstercd iiilliin I1￿ Chai7ts' Comm2ssion in EfjOand Wales Thc financial sialemenis bake ken preptsred under the Companjes Act 2006 and Iii a¢cordaiic¢ willi IIK Ll]aiities Siai¢in¢ni uf RecomTr¢nded Pr&ctict Icharities SORI) IfRS 10211 ajjd FinanLial R¥wi#in8 Standard 102 IFRS102). 'I"hL' PJrticular accounttrtB poli¢i¢s adoNed d¢*ribed tKIow. Accounting ¢onWen￿￿ The fin8j￿Ial sthlements are prepdred under the hi$ioriul c05E coni'ention modified to Inilud¢ Iiiiieslnieiits dl fair la11￿. rounded to the nea￿￿ pound. Thc cbAnty t￿￿15 tlie detlniti()n {If a i?ublic benefil cntili. linder fRS 102. Income 1$ shoiim oli ali accruals basis. Donalioiis ei)n%i511)r runds Teceived for specific (re￿rI¢l¢dI aiid get]eTal lunT¢slriElcdl purpN)se& The (bnalions ￿¢ u*d ts) ptovide graMs to vario￿S liealth Carc proj¢cls and iiistituliiins. l.o8acies arc aLL(?￿nIca lor as irt¢vtnv either upon re¢¢ipt or where the re¢¢ipl ot the legacy probabl¢', this ￿111 be ¢iThie collfirniaii¢lii hELS' I￿¢n received rnm thE repres¢ntstsve¥ vf Ihe estates rhat lh¢ pa)Thellt ol- the legac￿ made and onie all coiidiiion$ aitschcd lo the le8aty hav¢ keli fuiftlled. Jnie5tments nve¥lD]ents sre swt¢d at fAir Val￿ at thc b8l&tKe shL%t dale. All movemelli% T￿ vAlu¢ arising from I￿￿¢51￿ent challges or revduation arc included ity thc stutemeni ol. financiul pclii'ilies. Gains Or Ivs¥¢s un invesÉmcnt$ [￿l£ll131cd a% thc dillcrcnce beiwe¢n the di&w&ql pry)c¢eds 2nd the ¢am'in8 N"aluc. Diiidcnd in¢vm¢ is accolli￿¢d fur as income &)d Jvailable lo be applied lo the Èe*er41 PuT￿Se$ of the ¢harifv. Expenditure The Charit>. 1% mainly a 8rnnl makift¥ charity. Grants payablL aTe charged irt the s'ear i￿h¢￿ thc offcr 1% coni'e>cd to the reLipEc￿l cxc¢pl in those ca*5 wliere the otyer 18 wnditional. such grants b¢in¥ TCCO8nised 8% ¢1p￿nditUF¢ V¥heii the ¢1)t￿t￿lIn5 ttAched aTe fiiifilled. Granrs offtied subj£ct to conditions which have not be¢n mel al t1￿ vearend arE nul¢d as a commitmenL but 1101 accrued &s expenditure. Govwn*n¢e ¢osts comprise all Gosts inwolvin8 the publi¢ a¢¢ounl&bilits' of the chariry und 115 compliance iiiili regulotioii ond 8(x)d pra¢ii¢¢. Thex costs iDclud¢ ¢Obts' related to th¢ 8tyiuiory eyth]ninatioo toB¢ih¢r with trustees, eKpcns¢5. Othcr than goverDanr¢ costs, the on8Oln¥ %UPWrt adiniiiistT2tion ¢osls funn an iiikgral part of the cost ol¢arrnin8 vul the direct clwitabl¢ ubjectives of the ¢horii}'. I￿0Verable VA1. 1$ cknr8¢d again.￿ th¢ ¢atc8or)' of exrendilu￿ liir iihiclj il %vas iwurr¢d. Ail support and goiremAnt¢ CO515 have Eeen all¢)¢aid asainsl the chariiable ￿lI1'lIV in accordance wih FRSIO2. Fund$ Uiirestricted futtd% ar¢ those which are rK)i wbJ'e¢t to ali?. special regirictions und thes can be used as the trustccs d¢¢ide. R¢slricled I'und% are Ih05# wlieTr t1￿ donor h& iniposed restriction$ how the fund he u%cd. bul which do n¢)t p￿￿'¢lIt the f5￿d being s￿nt There are currently t¢Slnct¢d tuThl%. C9sh ¢#slL LNUiI?Icnts Cash at bank and in hand includc rash al￿ short term hi8hl>. liq￿￿ In￿stMent With & $horl Ma￿rity ol. thr¢¢ months or less fTom the date uf Opening of the devo￿t. Cllsh held depisil in¢lud&i cttsli &nd short term liquid iiiv¢8lJii¢nl Ivith a lunBrr maturiti" of thi¢e and t￿rINC monihs froni the date of opening ol'ihc d¢p)sit. Iiabilities Liubilities ar¢ re¢ogni3cd the chanN lia% a present obli8aliDJI art¥in¥ a pJsi ei'eni Ihul will PTobobli' rL'$uli In the transfer oifund¥ lo a third PLqrtJ and ihe tsmounl due to s¢lll¢ Ih¢ obligation can bc mefysur¢d or c*tnJated r¢liabl)'. Lr¥ditors recognis¢d attheir settlement aThouLt. Basic Fln2t)¢lal Jh$trunicnts Thc chariti financial asscts and lJ4bililir¥ of u kind that qU91ify a% ￿51¢ financial insirlliiJen& Bw¢ financtal instrum¢nts are initially reeoBnJ5￿ al Irdnsaction value and subs'¢4uentl) measured &t their $¢nlemenl N'alue. PAGE 8 ACcOUb￿s 2021 ECl40 IFrrERNATIONAI. HF.ALTH SERVICES LTD REO CHARITY 264681 NOTE&> TO THE FINANCIAL STATEMENTS (CONT'D) YEAR ENDED 31 DECEMBER 2023 UnrpslriLt¢d und5 2023 Lnre5tricted un(b 2022 2. DONATIONS AID GRANT. ti￿01&1 d(maiions- iiic tax reclaim 3,438 38 3. IYI'W.Sl-P4IE￿.l. INI-I)MF. Bank Inte￿￿1 fL*¢iied Thiidends T￿e￿i, -34.892 34,¥92 39,715 39,715 4. l&tISI)G FtThi l. )$ I'hcLharil) iiot %diLIt fiinds fro￿ the yeral wblie. M￿[ of its Dicome comes fTom dI￿l￿d¥ relatlllg to its investJn¢nt Fth1folio. The m8nagem¢DI le￿ ¢hurge41 by the ini'eslmeni coinpllnj HTe i• raising funds. 5. C.RANT NL4KINfy Aunt5 f&Uingdu¢ ￿&thin ont }t Gen¢Fal Accrnals Total LrtditQ)rs -17.885 37,%85 2.3411 PAGE 9 Accouwfs 2023 ECHO IFtFERNATIONAL I&ALTH SERVICES LTD REG CHARI'fY 264681 NOTES TO THE FINANCIAL,STA TEMEP4TS ICONT'D) YEAR ENDED 31 DECEMBER ?023 & INVEsfMFYTS C#sh with IASted Broker Investments Movement¥ durin8the Y￿ wer¢ as f(Alows'. ()Joted market value #t 1st J8nuary2023 AddIti￿S spo%al pr(Keets thvid¢nd5 Cash movem¢nt5 R&org2ttT$aiion5 and merg¢r¥ Lapitsl dydwdc>Hn FO￿ and cliar8&5 Net Thlis(xl 1oVfstm￿rg￿lk$I[j0sK5) N¢1 u1ireali￿d iiivesimeni gaIn￿(lOSses) (￿￿ted m&rk¢tvalue ot 31st Ikcember 2023 Tilal 1.1.484 I￿7.(161) 657.493 649 .336.283 567,0(17 1657.49.11 1.349.767 649 (7i,000) (12,7271 (75.0001 (12.72TJ 15.2 68.155 1,346,128 15284 68.155 lJ29,296 l6,832 Historic oogt at 315t D￿emb￿r 2023 O.B.32 1.181.694 198.526 9. ANALYSI>i OFNEf ASSETS BEnVEEN TriIYDS llls'¢stment 4)ther net dfwsits 2nd (￿].rent cash at ,issot*llLl#bl 2023 1¥) 21123 (£1 1.403.437 7.27.1 1,403.437 7.273 Tot&1 Analy$Ls for 2023 unr￿triCted Funds Overall Fund$ 2023 2023 1£) L4lQ710 c.o￿variS0￿ (or 2022 Uiire8iriLkJ Funds Overall Funds 2022 2022 (£1 2022 1£} 21r121 1.408.478 ,4lb8,478 1,435,673 127,19S REIATED PARTY IwfERESTS I'li¢ vhaiity maintiuns a ¢ is limifrd b} guar8ntee and the liability of ¢a¢h member is not Ic> £lOO. At 31 Fkeember 2023 t￿r¢ 5 In¢mbers of ihe ¢X)mPUlll'. PAGF 10