Unaudited reports and Financial Statements For the year ended 31 December 2024 ECHO International Health Services Limited Registered in England and Wales Charity No: 264681 Company No.. 1059894 Conlents Page Legal and administrative details Report of the Trnstees Independent examiners, report Statement of Financial Activities Balance Sheet Notes to the financial statements 9-11
AccouNfs 2024 ECHO tNTERNATIONAL HEALTH SERVICES LTD REG CHARITY NO 264681 REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 LEGAL AND ADMINISTRATIVE DETAILS Legal Registration Registered in England and Wales Company limited by guarantee- Number 1059894 Registered Charity- Number 264681 Trustees (Directors) Alan Butler {Treasurer} lan Campbell Andy Jong Joan Maycs (Resign¢d 3 July 2024) Stanford MuzBvazi (Appointed 3 July 2024) Nick Wooding (Chair} Compally Seeretary Stephen Travis Registered Office 6 Grosvenor Road Banbury, OX16 iFtN Independent F.%amineT Mrs M R Hickson FCA CTA JCS Accountants Limited 5 Robin Hood Lane Sutton SMI 2SW Bankers HSBC pl¢ 42 Chipstead Valley Road Coulsdo CR5 2RA Investment Company Investec Wealth & Management 2 Gresham Street London EC2V 7QN PAGE I
AC.C.OUNTS 2024 ECHO INTERNA TIONAI. HEALTH SERVICES LTD REG CHARITY NO 264681 REPORT OF THE TRUSTEES FOR THE YEAR F.NDED 31 DECEMBER 2024 The tru%tees pr¢sent tlieir report and financial sratements for the year ¢Jided 31 December 2024. STRUCTURE, GOVERNANCE AND MANAGEMENT 1.1 Constitutl()n of the Charity and Status: ECHO International Health Services Ltd is an incorporated charity limiled by guarantte. having no share capiial and is governed by lis Memorandum and Anicles of Association. Tlie compan! numbcr is 1059894 and the charit! is regisiered with the Charitv commi.510n number 264681. Trustees {Director5): The irustees Iii,ho are also Directoi's for Ihe purpose of Company Law), who held office durinLy the year ale listed oli page I, Legal and Admir)isirative Information. TrusLtt5 dre appointcd and elecfed i aceordan¢e with rhe MeTnorandum and Articles of Associaiion throll a vote of n)eMbe at the AGM and are appoinied for a ihrec year tenn. There are currently five Trustees, ttll of whom hav¢ bccn given relevant Charity C.ommission's publications. 1.3 Organisatioll Management of the Charity: The charity hds staff and the trustee5 are actively involved in the running of the charity. The charity is a member of Global Connections, a netwo of mission agencies, and several tru%Eee.q u%e the nctivork for training and peer learning. The operations of the Lharity are conducted in accordance with Ihe policies and %iratc&v approv¢d by tlie trustc¢s. There are no sub-con)mittees. 1.4 Trustees. meetings and procedures: The trustees schedule approximately three mectings a year. All meetings art fully rtcorded iwith clear decisions and action p)ins. There are clear governance procedures and lines of auihoriry. None of the trustees had anj. financial inteTest in any transaction or arrangement with charity, during the year and no trustee received any remuneration from the charity other than the repayinent of expenses (nole 5}. 'l-he trustees maintain a conflict ol- interest5 register. There is a clear procedure that if there 15 a poteiitial conflict of interest on any matter, the trustee ivith ihe potential conflict of interest is asked to leave the room and take no part in the debate or decision. 1.5 Risk Management: During the year. the trustees coiitinued to review ihe risks to which the charity is exposed. seeking to id¢ntify all the major risks, in particular Ihose relating to the grant aking operations, administration and finances of tlie charÈty. The tru5t¢¢s ar¢ satisfied that there are systems in place to Enstsgat¢ ihe exposure to major risks. Intemal risk5 are lliniSed b) the iinplemeiitatioii of control procedures for all financial transactions. This included data back-up of all r¢¢ords and r¢vieiping illonitoring and reporting relating to all grants made. External risks are minimised b), regular monitoring of the extemal envirLinment covering grant recipicnts and health care issues. OBJECTIVES AND ACTIVITIES 2.1 Objectives: The object for which the chariry Is established 15 to relieve sickness abroad in any way which is chariiable according to the Law of Lngland and Wales. At its foundation in 1966, ECHO had Sought to achieve this objeciive through ihe provision of medical equipment and pharmaceuticals. Since becoming a grdnt-making body. the chariry has concentrated on grant making mission hospltals. other providers of health care and innovaiive health initiatives, especially in suL>Saharan Africa. The objective of the gr2nls programme is.. 'Tke impruvÈm¥nl in h¥olikcui'e to people in undL)i.developeJ euunlriLJs, particularly ra1 areas of sub-sahara Afi'iLa, wkgre access to appropriale levels ofheallhcare is very difficuli" 2.2 Aetivities". ECHO seeks to tulfil its objectives aiid provide public benefit through providing support via grants and advice to institutions, in conjunction with a UK partiier who has a long-terni commitinent to an area. The trusEees consider that the charity pi'ovides public benefiL in ihe h¢altlicare sector io poor communiiies Ihrough its focus on helping improve sustainable health care faciliiies. PAGE 2
ACCOUNTS 2024 ECFIO JNTERNATIONAL HEALTtI SERVICES LTD REG CHARITY NO 264681 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 (CONT'D) ORJECTIVES AND ACTIVITIES (CONT'D) ECHO aims to allocate each year at legst the income from donations and interest. The grants programme focuses on.. Support for the sustainable pi'ovision of hospital equipment and infrastructure
Support for Iraining programmes Support for programmcs which focus on the improving health systems in tlie community Support for innovative projects which have a potential long- (enn benefit 10 an area or health activiry ACHIEVEMENT& PERFORMATrICE AND OUTCOMES 3.1 Review of the achievemeDtS 2nd performance of tbe Charity: The charity has invested a majority of ils funds in longer terni investments as described in section 4.4 beloiv. ECHO Continues to use its General Funds io provide a W2de range of grants and sub5idie5 lo appropriate bodies. All funds are channelled via UK registered ¢harities. Detailed infortnation on graJ)ts mdde is contain¢d IR tlie noie 5 to the financial siaiemcnts. During the year ihe main area5 of subsid> and grants included- EMMS International- Duncan Hospital Nurse Trainin& India Amplifying Voices- Adiv&8i, Nashik project. India Arukah Network- strengthening eommunitv health networks. E.Africa WorldShare- Chaplaincy community health proj¢ci, DRC Amos Trust- Ment81 health and wellbeing project, Gaza MAI- Pioneering rural palliative care programme. India Brickworks- Renovation of facilities at Martha PHCC Yei. South Sudan Many Hands- community einpowerinent and developm¢nl Friends of Kiwoko Hospltal - Operaiing Theatre construction, Uganda MAI- ICU and General Medical Ward construction, India Amplifying Voices- SALT community, Counselling workshop, India i 0.000 20,000 i 0.000 20,000 20.000 i 0,00 15.000 400 20,000 i 0,000 138 900 3.2 Asse55ing outcomes: ECHO aims tc> iinprov¢ healthcare to people in underdeveloped countries, where ac¢e55 to appropriate leve15 of healthcare is very diffJLult. The trustees assess carefully all proposals for funding put to theJn. The trustees also mtsnit0T any granis awarded through reparts from beneficiary groups and Neek clarification on ii,hether the aims of funded projects have been mei. All projects funded submitted reports that wcr¢ due during the period except for one. Public BeDefjt: The Trustees are Commiiitd to improiwing the organisaiion's practice and ensuring thai it delivers public benefit as it seeks io strengthen healthcare facilitates. In particular, th¢ Trustees consider hoiv grants made will contribute to th¢ aims and objectives ihat they hai'e Eet. The trustees have had regard to the guidance from the Charity Commission on rcporting on Public Benefit. PAGE 3
ACCOUNTS 2024 ECHO INTERNA TIONAL HEALTH SERVICES LTD REG CHARITY NO 264681 REPORT OF THE TRUSTEES FOR THF. YEAR Ef4DED 31 DECEMBER 2024 (CONT'D) FINANCIAL REVIEW 4.1 Results: The charity's activities for 2024 are summarised in the Statement of Financial Activities on page 6. The results show net expenditure of £114,000 (2023: net expenditure of £81,207). The financial position of the charity at 31 December 2024 is shown in the B¢ilance Sheet on page 7. The trustees considei. the financial ptssilion at 31 DeceTnber 2024 to be satisfactory. The £1,367.482, (2023.- £1,410,710) of unrestricied fulld5 currently held is required to finance the charity's long terni grant-making prograinm¢. 4.2 Going Concern: There is no material uncertainty about the ability of the chariry to continue as a going concem. 4.3 Reserves Policy: Free reserves are those unrestricted funds not invested in tixed assets nor d¢5ignated for specific purposcs OT Otherwise committed. Siiice the closure of the trading aspects of the charity and the sale of the prDperry, the irustees have soug)hi lo invest th¢ funds ra15¢d to provide an annual income so Ihat they can pursue their grant making policy over a loiiL period. Over 20?) and 20?4 Ihe trustee5 have given careful thought as to how io besi balan¢r thc nc¢ds of grant receiving organisations, against maintaining the capital sum invested. From 2024 the trustees have decided to gradually draw-down the capital invested enabling higher levels of grant making to be made. The level of free reserve5 Stands at £l1.166 (?0?3- £64.582). Free reserves show a significani reduLtion frotn 2023 due to capital draw-down and Lareful cash management. This reduced liquidiry is not a concern to thc trustces as funds can be made available from ihe investTncnt.5 I1th1n a fell days. 4.4 Investment Policy: Tlie trustees liave discussed the investnienl policy on various ULLasion% durin&F the year. The trustees have continued with investing in various invesimenis via a professional investn)eni company. In doing this thc trustees have sought appropriate investment advice and the charity reviews whai funds should be held in equities wilh longer term groiNth in mind on a rcgular basis. Thcrc is an approved investment policy which the profe55ioiial iiivestEnent compajiy follows, which proliibits investments in coinpanies whose main irade is based on aMIentS, tobacco, bTambling, th¢ scx trade or aninial testingF for cosmetics. FUTURE DEVELOPMENTS: ECHO is planning to carry on its grant making programme over th¢ ¢oming years. using at least the income froin its donations and investments ¢acli y¢ar. Several mission hospitals are receiving regulai. assistance. as are a variety of other charitable bodies. It is hoped to be able to continue to increase the grants in the coming years as appropriate pi'ojects are identified. INDEPEP4DENf EXAMINER: Miriam Hickson at JCS Accountants Limited .8eTved as the Independent Examiner to the c.harity. A resolution 10 reappoint Miriam Hi¢kson as Independent F.xaminer will be proposed at the Annual Gcneral Meeting. PAGE4
ACCOUNTS 2024 EC.HO INTERNA TIONAL HEALTH SERVICES LTD REG CHARITY NO 264681 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 (CONT'D) STATEMENT OF TRUSTEES, RESPONSIBJLITIES: The Irustees, who are also the d1ClOr5 for the purpos¢s of ¢ornpany law, are responsible for preparing the Trustees, Report and the financial statements in accordance with applÈL&ble law and regulations and United Kingdom Generally Accepted Accounting Practice. Company IANN. requires the trustees prepare financial siatements for each financial year which give a true and fair vieiN of the state of affairs of the charity as at the balance sheet date and of its income and expenditur¢ for th¢ financial year. In preparing those financial statements, Ihe trustees are required to'.-
select suitable accounting policies aiid then apply them consistently. observe the methods principl¢s Ifl the Charities SORP- mak¢ judg¢m¢nls and estimates that are reasonable and prudent. omply with applicable accounting stsndards, subject to any material departures disclosed and explained in the financial staternents., and prepare the financial statements on the going conc¢rn basis unless it is inappropriate to presume the charity will continue in business. The trustees are responsible for maintsining proper accounting records ivhich disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsibl£ for safeguai'ding the assets of ihe charity and hence for taking reasonable steps for the prevention and det¥Ltion of fi.aud and other irregulariiies. The financial statements have been prepared in accordance with the special provisions of the Companies Act 2006 relating to small companies. Approv¢d by the Board on 23 July 2025 and signed on its behalf by.. N Wooding, Chairnian PAGE 5
ACCOUNTS 2074 ECHO INTERN.4TION'AL HE.4LTH SERVICES LTD REG CHARITY NO 764681 INDEPENDENT EXAMINERS. REPORT TO THE TRUSTEES ON THE UNAUDITFD ACCOUNTS OF ECHO INTERNATIONAL HEALTH SERVICES LIMITED I report on the finan¢ial ststements of Echo Internaiional Health Services Limited for ihe )'ear ended 31 December 2024. which are sei out on pages 6 10 10. Respective responsibilities of tbe Trustees and examintr The Iriisiees {wlio are also the direciors of ihe compan!, for ihe purposes ot Coiiipany lawl are responsible lor lh¢ preparation of ihe financial sts¢emenis in accordance i1th ihe r¢quir¢nienls ol- the Companies Aci ?006 1.the ?006 Acl'l. Having gaiisfied myself that the financial stsiements of ihe chariry, are not required io be audited under Part 16 of the 2006 ALI and ar¢ eligible lor independeni ¢xaminarion. I repon in respeci of m). e.xaminaiion of ihe Lharity's financial statetnents as Carried out under section 14) of ihe Chariiies Aci ?01 I Iilie ?01 I Ac¢i. In ¢arrying our my examination I have folloived ihe Dire¢iions given by the Charil) Cominission under section 145(b} of the 201 l Act. This report, including my siatemenl. has been prepared for and only for the charity's trusie¢s as a body. Mi Ork has been LindeTiaken so ¢hai I mighr siaie io lh¢ charity's irusi¢es those niaiiers l an) required 10 $131e io ili¢m in ali independent examiner's r¢pon and for no oiher purpose. -fo ihe fullesi exieni permitted b). la. I do i)01 a¢cepi or assuine responsibility io anyoiie oiher than ihe ¢hariry and the ¢hariiv's irusiees as a bod>. foT niy examination work. tor this report. or for ih¢ siaiements I have made. Ba4is of independenl eiamiD¢r's report My exaintnaiion a$ carried oul in a¢¢ordance ivith ihe general Dire¢iions g)iven bv ihe Charity Commission. An exaininaiion includes a reviem. of ihe ac¢ouniing records kept b). the Charity and a comparison of Ihe financial qialements presenied with ihose records. li also includes consideraiion of any unusual ii¢n)s or discSosuTes in Ilie Iinancial 8iateinenis. and seeking explanaiions Irom l'ou as iruslees concerning anw such maners. ThL procedures undertaken do no¢ provide all the evidence thai ivould b¢ required in an audii. and consequen¢ly no opinion is giiven as io whether the financial staien)ents present a'irue and fair view. and the report is limited to those matters se( oui in Ihe slalement below. Independent examiner'8 slatem¢tyt In conn¢ction iih ni). excllllini11ioii. M hkch is compleie. no matters have come io my anention which gTive me reasonable cause ro b¢lieve that in any n)at¢rial respeci accounting records i¥¢re nol kepl in respeci of Echo Inlernaiional Health SeNices Lin)iied in accordanLe with sectioi) 386 of ihe 2006 Aci; or Ihe financial statements do not accord with ihose records. or the finan¢ial siaienienis do not coiiipj). w ith the accounting requiremen15 of 5e¢tion 396 of ilie ?006 Act other Ihaii any requirement that Ihe linancial 51aiemenis give a -Irue and fair vieiv which is no( a mdiier considered as part or an independcni examination- or the financial stateiiien¢s have noi been prepareil in a¢¢ordance with ihe nieihods and principals of ilie Staieiiieni or Recominended Practi¢e for accounting and reporting bi. ¢harilies applicable io charities preparing Ihcir a¢¢ounis in aecorddnce with the Finan¢ial Reporting Siandard applicable in ihe UK and Republic of Ireland {FRS 1021. I have no con¢¢rns and have come a¢ross no other malters in Connection i*iih the examinalion to which, in my opinion. attenlion should be drawn in order to enable a proper understanding of the flnancial siaiemenis to be reached. Mrs M R Hick50n FCA CTA JCS Accountant5 Limited -5 Robin Hood Lane. SuttotL SuTre>' SM I ?SW Date. 28 J+ 25 PAGE 6
AccouTrrrs 2024 ECHO INTERNATIONAL HEALTH.SERVICE5 I.TD REG CHARITY 264681 STATEMENT OF FINANCIAL ACTIVITIES (If4CLUDING INCOME AND E.XPENDITURE ACCOUNT) YEAR ENDED 31 DECEMBER 2024 nrestricted Notc 202 INCOME Donaiioiis, le8acits and Srants IDvesltllEllls 2.473 40,188 3.438 34.892 TOT.4L INCOME 42.661 38J30 EXPENDITL'RE Raising funds Grant making aciiviites 12.727 106.810 143.550 TOTAL EXPEINDITliRE 119,$37 NET IEXPENDITiTREI 181.207 Gwnslllosscsl on investsllcnt5 70.772 T MONTMENT IN" FL'i%DS 143.228 2J32 RECONCILIA TION QF FIlDS. Total funds broughi fon¥ard 1.408.478 TOTAL FLft4DS CARRIED FORM'ARD I J67A82 1,41V,710 The chwiry has no tiled gall]5 or loss oth¢r Ihan th¢Te5uIt for the }'¢ar All incom¢ gnd ¢xpendiiure derive ftom continuing aaiviiies The note5 on pages 9 10 1 I fom pgrt ofthe5e financiDi statetnents PACJE 7
ALLOUTrtFS 2024 ECHO TNTE.RNATIONAL HEALTH SERVICES LTD REG CHARITY 264681 BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 VNVESTIIENTS A¢ts Inv¢51ed in ¢qiiilies ,J56,J16 I,J46,1?8 Cl'RkEIl T ASSETS DebEOr. C&%h ai b8nk and In h8ttd 9.624 3.75B 9,613 57.309 13.382 66.922 CREDITORS: Amounis falling due Ivslhin on¢ y¢ar (2.3401 NET C.IIRREP4T.4SSETS 64,582 TOTAL ASSETS l J67.482 .410 710 UnrE5tricted Fund$ (If.NF.RAI_ fiJN lin¢lud¢s Revaluation Rc5CTve of £I40.78612023.. £147,60?1 .367.482 TOTAL FIJYDS l J67.482 1,410.710 The Trustees consider Ihai Lhc is entiiled to exeinption frum th¢ rcquirenienl to haN'e aiidit under the provision& of sectson 477 of IhL con1pleS Act 7006 1"The A¢t-'l and mcmb¢rs bave not requircd the ¢hariti' 10 obrain an audii for the }'eaT In 4ULstio in aLLurdanLe i¥iih s¢iiion 476 of die .4ei. Tlie Tslee8 acknoi¥ledg¢ thiir rL5ponsibilities for ensuring (hat the chanty k¢¢ps accounting rccords which complli ivith.£Lvliiin 386 (If Ilic.4rt and lor preparing lin7claI Sl#¢¥ments wthich BIIE Irue and f&r vieH of the state of affairs of the ¢hariti as at 31 December 2024 of dclicil for thc year then elided In aCcordlce with th¢ rtyuir¢m¢nts uf beclion J96 ul the Act ad iNhicli othenvise comply with the reqMirem¢nts of the comp11CS Act 2006 r¢latin8 10 Ili¢ financi 51alciTKIIts 50 far as appliczble LO die cliarity. -rhe linancial staletnents have b¢¢n prepared m accordance with the special ptovisjons ot'the Compania% Aci 2006 relating to Th¢ on pages 9 1 I forrn pgri of these financi slatLMn(S These fjnanci We approved by the Board and signed on their bthalf by. Nick Il'ooding Cliairman I>e.. 23 July 20 CoThp#th). limitcd by guarantee. Number 1059894 PAGE B
ACCOUNTS 2024 F.CHO rwrF.RNATIONAI. HFALTH SF.RVTCF.S LTD REG CHARITY 264681 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 I. ACCOIINTING POLICIES 'I'he ChtTity is a private fflpanY litnited by guuanlee incorporaied in Englalld and Wdes registered wthin the Charity Commissiun im F.ngiand W41¢s. Th¢ re¥ibt¢red offi¢t is 6 Grosveftor Ruad, Banburn. OX16 SHN. The financial %iatements h&ve been prepared under the Coinpanies Act 2006 and In accordancc ihe Chanties StaEement of R¢wmnYnded Practice Icliariiies SORP IFRS 1021. tlie Cliariiies ALt 2011 Jttd Finallcidl Reporting Siaiidard 102 IFRS1021 The Particul accountitsg policies adopied aTe desLribed belom. Accounting convention The financial siatemenis aTe prepared undeT the hisioti¢al cosi convention modified to Clude u]vestments ai fair value, rounded to the ne2resi pound sterling. 'I'hc Eharit) meets the definition of'a public benetit cntify undcr l.'RS 102. Incom¢ Tncome s sho11 on an gc¢ruals basis nortaiions cols1 vf fvod5 reL¢iv¢d for bPL¢ifii Irrslritykdl and gcncial lunrcslriclcdl purposes The donat&ons are to pri)vide 8rants to vario¥ he2lUI iare projects and insiiiuEI()ns. l.e89iies are accollnied for ag incorne either upon ieceipi or -here the receipi of the legaci. prob3ble.- this will be once confirmation has been received fro the representatives of Ihc tateS that the pavment of the legaci ivill be rnade and once all conditions attached to die legacy knve been fulfilled. lttvesimtnt$ nvesltTren15 are stai¥il al fair aT the b3]ance sheei date. All nTh)venienis In value arising froin Invesunent clwi8es or revaluaiion are included in the siaiement of financial aciiviiies. Gains or losses on inv[MeiS are ealtulaicd &% thc ditTcrence betweell the dispod proceed£ and tlie carryiiig valu¢. T)Ividend Incon1¢ i.£ a¢¢ounied for ag Inioine and availablL lo bc applied to th¢ 8en¢raE purposes of ihe chanty. EipeDditure 'rhe Chatiiy is mnI d gr¥ makiftg tharil). Grants Pdyable *e ¢harged in the )"ear when Ihe offEF is conveved to the Te¢ipienl excepl in Illo, cascs Ith¢re Ihe offer Is eondiiional. sucli granls being Fecognised as expenditLire when the condiiions aiia¢hbd arL fullillLd Graft vlTLr¢d 5ubj¢¢l Iv conditivrts whi¢h hdv¢ nul b¢cn m¢L at thc )'car ¢nd nol¢d a 0718m<t, bul not accrued expeiiiliture. Goveinance costs cofflpnse all costs involving the public accountability of ihe charit} ana Its compliance with r¢guiaiion and good pradice. These cosis include cosrs related to the stalUlor>' exaTnination. together tlee%, expense5 Other than governanct cosis, the ongoing suppori and adminisiraiion ¢oslS form an integral pari of the LOSI ofcdrrying out the direct chaTitabl¢ objcctiV¢5 of th¢ chdril).. IrreroNcrablc VAT 15 charg¢d a¥ains1 ihc ¢ai¢gory of cxpendiiurc foi Ilknich il was ij)curr¢d. All support 8nd governance costs have been lOC8¢e ggainst the cliaritsble 3ctivitJi in accordanie wilh FRSIO2. Unrestricted ndS are those which are not subjeci to ally special resiriciions and they can be used as Ilie trllstees decide Restricted fidS [e ihose where ihe donor has irnposed iesrrictions on how the fund may be used. bui which do llot prevent lh¢ fwid being spent. There are ¢wrenil}' no reslric¢¢d tiinds. Cash and ¢8sb tquiY¥l¢llt$ C.&4h at hank 3nd Iii haiid Include Cdsh and shori tenn highly liquid Iiivesiiiient ii?th a.£hori lilatrIty of three monihs or less from th¢ dat¢ of opening of Ihe deposit. Ch held on dep051t Includes cash and shon I¢Ftn liquid inTre5tyn¢ni w'ith a longer mgturiry of belwEen three ld twelvc months frorn Ehe daEe of openiiig ol.the dcposil LiabilitiE5 I,iabililic5 arL rLIo8rtl%¢d whert th¢ ¢hariry has a preseni obli8a110n ari%iii8 from a past ei'enl that i111 probably resuli in tFt transfer of funds to a third patt) and the Jtnowii due to settle ihe obligation can be rneasured or esliTmled reliablv. Ciediiors ar¢ re¢ogt]15ed at the settletnent arn{nt Th¢ charity financial &ssets and liabilities of a kind that qualify as blC financial instruments Basic financial instruments aT¢ iniiiajly r¢¢ogtiised ai trauactiott value attd sth¢queJJtly measured at their SettIent I'alue PACIF. 9
AecouNFS 2024 C-HO INTI..RNA'IIIINAI. HF.AI.TH.%F,RVICIS LTD REG CHARrrY 264681 NOTES TO THE FINANCIAL STATEMENTS (CONT'D) YEAR ENDED 31 DECEMBER 2024 L'nre5tricted FUd5 2024 ITnre5tricted FyJbd$ 2023 2. DONATIONS..IND GR4N'TS CyLncral donations- inc lax reclaim 2.473 3,438 3. 1Tr4WESTMENT INCOME BDnk intere%t reccii'cd Dii'iden&s re¢¢ived 212 -39,976 40,188 .34,892 34892 4. RAJSING FUIDS ThL charit5 dnc5 1i01501icit funds fmni the gener public. Most of lis income comes from dividends relating to lis investsnent portfolio. The rrvdnag¢nxni fees charged b). the inve%tment company chard lo rSItt8 funds 5. CIR.4YT lA1l(l Al.'TI1IITIEJ Semiliki TrLL%t. qiialitN- health outcomes prt)Je¢i. DRC Tlie14riikw(Irk-b IPubliL hLalih Siaff Ir3inin£ S.Sudanl Thc Bri¢kworks (Martha Cliiiic..S Sudattl Amplilyin8 voice5, comtnunity h¢th. India Amplityingvoices. Nashik projtii, Tndia Manv Hands. Zambia Mcdic Assisi IIiLeniaiionai_ Pglliaii%'e Care, India Medic Asslst Tntcmaiioiial N¢w Mard, India Medic Assist Tnt¢mational- Guinebor2 Qliad I'orldshare- Chaplainry DRC International NepDi Fellowship- L¢prosy frcr PToJect Fri¢nd5 ofKiwoko Hospiial Theatre exPs1{m. Uganda Fnends nt-Kiwoko Ilospiial nuTSC'S aEcomodaiion. lJganda Anthah Neiwork Amos. DSPRIN¥ECC & G8za EMMS- N¢pal Tot1 grani$ payb]e 20.000 6.715 i.%.000 20.UOO i.500 400 10.000 10.000 14,947 2.0(JO 5.000 10,000 20,000 8,500 8,650 20,(M)O 10.000 20.000 10,000 16,443 102 Ji5 138,900 Support eo%ts'. Ocll¢ral admillisrrativc cosis Indepeiident Exwniller's ftes- arcvunts preparaiion 111d¢ptndcnl LxaTnincr's fee5- examinaiton Toil suppori ¢o$ts 2,930 334 2.150 1.085 4.650 45)5 TOTAL CJ114liT MAKING A1}yITIEs 143440 106,810 There were no grants paid to IndividuD15 during the I'tar [2023". nonel. No remuiieratioii %4Tras p4id 10 an)- Trus*e In respect ofsucli office Exp¢nses were paid to i trUsiees1202i-. 21 for trgvel io trustees meelin&s iithicli amnunted 10 £38012023. £2531 In thc )'cat. There were no other rdai¢d part) iransaclion$1202J. none). 6. DEBTORS_ within on¢ (Ilhcr dcbiors TolAI d¢btor5 9.624 9,624 9.613 9,613 7. C'RLDII'ORS- falling due within one year Gener&1 ACtru5 Total creditor5 2.216 2,216 2.340 2 J40 PAGE 10
ACCOiTwfs 2024 ECHO TNTERNATIONAL HEAI.TH SLRVICES LTD REG CHARITY 264681 NOTES TO THE FINANCIAL STATF,MF.NTS (CONT'D) YEAR ENDED 31 DECEMBER 2024 . tNIWSTNIENTS c.ajh wilh Broktr InvtsÈments Tota] Movements during die year ivere as follows.. Quolcd tnarket value at 15E JanuaFI' 2024 Aildiiions Disposd PFotteds Dividends apitsl drai4.down Fees and ¢hws realised illvesLneni gn$/(lo55eSI Nei unreaiised inven1 gainslllossesl Quotsd mArktt VAlue at 31$t D¢cember2024 16.832 1466.7381 i24,601 1,329,296 466,7J8 1524,6011 ,346.1211 2,527 150.(K)O) 150.0001 34.794 35.978 1342,207 34_794 35.978 1.356.316 Hl0[]C cost at J IstDecembeT 2024 1,215.S)0 9. ANALYSIS OF N.4sSETs BETWEEN FIlDs Inve5tment5, Other ntl dep051t5 and (rrent ¢a5h At B2nk As5ètsllLiabl 2024 {£ 2024 (£1 1.560,074 7.408 ,36th,074 7.4011 Totl A$sets 21)241£1 1.367.48? 1,367,482 Antysi5 for 2Q24 Unrestricted Funds Ov¢rall FMnd5 2024 c.omparison for 2023 lJnrLstricted FunJ£ Ovtr*ll Fulld$ 2023 20231£1 20231£) 211231£) 1.403A37 7273 1.410,7JO 10. RV.LATED PARTY IYfERESTS Tlic chariiy tnaini2ins x Lonfli¢lS ofinteresi regisierand Iruslees re8isreF an) relaied part). interests before there ts discussion on an}, grants and Inl do noi wke part In any thcisivns hcn thcr£ 15 a Lonflicl of interest. 11. TAK4TIIIN The Lompdny is a regi$iEred Lhyriry and is exanpi from Corporation on its Lharitsble acliviues. 12. LIMITLD LL4BILII'I' The cotnpanv Is IiiniEed by guarantee 2nd the liabiliry of eacli niemb¢r Is noi to e%ce¢d £IOD. Al 31 D¢¢emb¢r 2024 there ivere 5 In¢rd)ers of Ihe company. PACIF. I I