RELEASE INTERNATIONAL
voice
of Persecuted Christians
Trustees, Annual Report and
Financial Statements
For the year ended
31 December 2024
Company Limited by Guarantee1015065761
Registered Charity in England and Wales12805771
Registered Charity in Scotland ISC0404561

RELEASE INTERNATIONAL REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2024
Contents
Company Information ...........................................................................
Trustees, Annual Report........................................................................
Independent Auditorfs Report............................................................. 12
St
statement of Financial Activitles for year ended 31 December 2024..16
Balance Sheet at 31" December 2024..................................................17
Notes to the Financlal Statements....................................................... 19

RELEASE INTERNATIONAL REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2024
COMPANY INFORMATION
The trustees of the Charity are also the Companws directors for the purposes of company law.
TrusteeslDlrectors
David Armond CBE QPM
Rev Dr Berhane Asmelash
David Bentlev
Janet Crick
Danielle Face
Robert Karami
Martin Print
Sarah Shearer FCA
Andrew Wayland
Chair of trustees
(resigned l April 2025)
(appointed 28 March 20241
Vice-chair of truslees (resigned 13 March 20251
Executlve leadershlp:
Christopher Badley
Lynnette Feist
Laura Hayes
Director of International Ministries
Director of Personnel & Internal Operations
Director of Engagement UK & Ireland
(To 30 November 20241
Director of Finance & Company Secretary
ITO 28 December 2024}
Chief Executive Officer
Patrick Lineen
Paul Robinson
Charity re81stration number:
280577
Company re8Sstratlofi number:
01506S76
Scottlsh Charlty reglstratlon
numb¢r:
SC040456
Reglstered offlce:
Betchworth House, 57-65 Station Road, Redhill, Surrey, RHI
IDL. (For security reosons, os we work with mony people
under threat of intimidofion, VlDlence Dr detention. our
registered address 15 our ouditorfs Surrey office.)
Audltors:
Moore Kingston Smith LLP. 9 Appold Street, London.
EC2A 2AP
Bankers:
CAF Bank Limited, 25 Kings Hill Avenue, Kings Hill,
West Mallin& ME19 4JQ
Sollcitors:
Edward Connor. 10 The Point, Market Harborough.
LE16 7QU
Pw30130

RELEASE INTERNATIONAL REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2024
TRUSTEES, ANNUAL REPORT
The trustees, who are the charity's directors for the purposes of company law, have pleasure in submitting
the Report and Accounts for the year starting on l January 2024 and ending 31 December 2024. The trustees
have adopted the Provisions of the Statement of Recommended Practice: Accounting and Reportin8 by
Charities applicable to charities preparing the financial statement5 followingthe Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 ond comply with the charitvs governing document,
Companies Act 2006 and the Charities Act 2011.
Charltable Objects
The charity is a charitable company and is governed by its Article5 of Association. The objects of the charity,
as set out in the governing document are:
To advance the Christian faith in accordance with the Statement of Faith and Ethos Statement
The relief of poverty and other hardship, need or di5tre55, for those who are Suffering persecution
or marginalisation for their Christian beliefs, and their families, by providing support and assistance
To further the charitable work of the Charity by the advancement of such other charitable purposes
as the trustees shall from time to time decide. provided such purposes are consistent with the
Statement of Faith and Ethos Statement.
The Objects are to be carried out as a proclamation of the Christian beliefs set out in our Statement of Faith,
which is available on our website.. releaseinternational.org.
How our Activities Deliver Public Benefrt
The Trustees confirm they have complied with the duty in Section 17 of the Charities Act 2011 to have due
re8ard to public benefit guidance published by the Charity Commission.
Around the world, Release International seeks to prayerfully, pastorally, and practically help those who are
persecuted for their faith in Jesus Christ and. in the UK and Ireland. to help Christians, ¢hurches, faith-based
organisations, and the general public undersland and engage with the reality of persecution.
Those who benefit from our activities are Christians globally whose religious freedoms have been curtailed
or abused. and any member of the public wanting to be educated about the circumstances of persecuted
Christians and/or become involved in supporting and helping them.
Our approach stems from our Charitable Objects. The Trustee5 consider Release International's, Calling,
Mission, and Operational Strategies fulfil the duty and are confident the Charitable CompanWs activities are
deliverin8 public benefit.
Summary of the Charity's main activities and achievements
Giving them the TOOLS. they need to liveAorJesus Christ
Release International delivers the international aspects of its ministry by working in-country through local
churches or organisations, with whom we hève established formal partnerships. Where F)ossible these
partners are indigenous to the area in which our Ministry operates, but sometimes the work is carried out
through Non-Government Organisations (NGOS) where they are well connected with the local church. These
partnerships form the main connections between Release International and persecuted Christian
communitie5. The very nature of this work makes It difficult to report on without endangering those being
served. However. we can share some Stories that demonstrate what we've being doing to benefit persecuted
Christians overseas.
Page 11 of Xl

RELEASE INTERNATIONAL REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2024
History has shown that persecution tomes and goe5 around the world. There are a variety of different types
of persecutors, who have varied reasons for persecuting. No matter who, when or where, the intensity of
persecution in the Christian life can be likened to the radio frequency spectrum.. at one end. Chrislians face
a high frequenry of terrible persecution, at the other end occurrences are rare and Christians pay little or no
cost for followin8 Christ.
Our international ministry is focused on lives being
impacted at the high frequency end of the
persecution spectrum. Our own taxonomy of
persecution is used to ensure we do all prayerfullv,
pastorally, and practically. help..
Families of Christian MARTYRS
PRISONERS of faith and their familie5
Christians suffering OPPRESSION and
violence
Christians forced to FLEE
PERSECUTION SPECTRUM
Hifftifr•qutncy
H1O￿Tener$¥
Lowertrequency
Lowerenewy
Having ministered to and with Christians at this hi8h end of the persecution spectrum, we are then able to
continue presenting the first-person VOICE of persecution to those at the lower end of the spectrum, with
the hope and prayer that they will betome engaged with those suffering and be better prepared should they
face serious persecution themselves12 Tim 3'.121.
Our approach to international ministry continues to be prayerful. pastoral and practical. In 2024 we were
able to practise the ministry of presence, that is, meet in person and enter into fellowship with persecuted
Christians in countries such as Burkina Faso, Egypt, Éthiopia, Iraq, Laos, Nigeria, Pakistan, as well as other
more sensitive areas. A comment from one of our partners sums up feedback we so often hear from those
we vis1t'.
I would like to say a greot thonk youfrom ourbrother5 undsisters in CentrolAsiofor yourprayersupport
forpeople you've nevermet in per50n. Thank you so much thot you ore supporting andprayingforpeople
you will probobly never meet thi5 side of eternity. Your proyers will have mode such a difference, and
you'll be Surprised how your gifts, whetherlorge or5moll. have helped with o speciol need. So, Ihonk you
$0 muchfrom people you've never met. You will know their nomes ond the results in eternity.
Rulslng their VOICE
As planned, 4 VOICE magazines were delivered on schedule in 2024. Lead stories focused on Ukraine, India,
Pakiston, and Nigeria. We delivered 12 podcasts through the year. 9 of those were interviews with partners;
3 with Release International staff members. 12 monthly VOICE update emails were sent out at the beginning
of each month. In addition to editing the ma8azine, the Content Manager regularly produced Prayer Alerts
(two per monthl, which were emailed to supporters.
In 2024 we published two books.. Revd Dr Berhane Asmelash's biography, 8rother, l Hove Come toArrest You.
Linked to the launch of his book, we arranged a series of speaking opportunities for Revd Dr Berhane. He
spoke in 10 churches across the country and many people benefited from the opportunity to receive a copy
of his book and hear his challenge to stand with our persecuted brothers and sister from Eritrea. We also
published a UK version of John Cao's poems from prison. Living Lyrics loriginally published in the USA by our
partner, ChinaAidl.
Work continued on the soon-to-be published book, Providence ond Persecution. Once the draft text was
completed, we commissioned an external proof-reader to work on the book. We then obtèined a Foreword,
written by North American scholar Dr Stephen G Dempster,. and an Afterword written by Petr Jasek.
Commendations were sought land received in January 20251 from John Stevens (National Director, FIECI. Ben
Kwashi IBishop, Nigerial,. Andy Lines IAMIEI, and our own CEO, Paul Robinson.
Page S of 30

RELEASE INTERNATIONAL REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2024
Since one member of staff Iwho worked with l)oth the Content & Theology and the Engagement Managerfs
departments) went on maternity leave in the summer, we have reduced our pattern of social media postings
to three times a week (this is to be reviewed, with increases planned for 20251. Our social media focus has
been mainly on Facebook and Instagram. Twitter has also been used to promote press releases.
In January our Head of Content & Theok)gy. Kenneth Harrod. was the main plenary speaker at Friends
International's annual conference in Swanwick. Subsequently. an article was written for that organisation's
April ma8azine.
Throughout the course of 2024 the En8a8ement Managerfs team continued to initiate and develop strong
relationships with churches and church networks across multiple denominations in the UK, delivering 169
speaking engagements, of which 79 were first time connections.
3 church related partnership5 are noteworthy-111 The one-year Nigeria project partnership with the Free
Church of Scotland Women for Mission group concluded in 2024 resulting in a gift of £13,100, and the
opportunity to present at their annual conference.121 The Church of Scotland Guild partnership supporting
our Operation Hope project in Egypt aSs0 launched in 2024. Speaking engagements and donations from this
partnership will be received from Jan 2025 to Oec 2027. 131 After being invited to apply to the All Souls
LanBham Place World Mission Fund we received funding to 5UPPOrt our project providing legal aid to postors
In India.
Our partnership with Artless Theatre Company continued to be very well received by audiences acr055 the
UK in 2024. Artless completed a total of 20 performances of If Prison Wu115 Could Speok which motivated
many more people to pray and stand with persecuted Christians. Approximately 1,5CK) people attended these
performances. We are lookin8 forward to a finale event with Artless in London in May 2025.
Nigerian partner Mark Lipdo of the Stefan05 Foundation spoke at a volunteer event, 5UPPQrterfs lunch, and
at 3 other churches who have supported our Nigeria projects. The events were well attended, and the partner
churches were very encouraged by Mark's presentation and the opportunity to hear the first person voice of
persecuted Christians.
Exhibltln8 at Christian conferences and festivals continued to be a fruitful element of our engagement
5trate8y in 2024. Re-using the very successful prisoners of faith exhibition concept first promoted in 2022,
we called Christians in the UK into fellowship with their persecuted Christian family members by
rememberin8 those in pri50n and identifying with them personally. Almost 5LXI people had their picture taken
beside a prisoner of faith banner and took away prayer cards committing to pray for an individual prisoner
and their families.
We exhibited at Bible by the Beach, Big Church Festlval. Keswick Port Stewart, Cedarwood, The Keswick
Convention, ReFuel, New Wine United 24, EMW Aberystwyth, and Bangor Worldwide. We benefited from
sponsorship partnership at Cedarwood where ArtlessTheatre performed. and a further partnership with New
Wine United 24 where we sponsored their food tent and promoted our Hazaq Coffee brand.
Finally, we continued our partnership with the Gettys as the key sponsor for their Christmas concerts which
were attended by approximately 16.C((J people over two ni8hts in Belfast.
Future plans
Glvlng them the YOOLS, they need to live forjesus Christ
The primary role of Oljr international partners is to extend the kingdom of God and His loving care in their
communitie5, whatever the situation they may face. We will tontinue to support them by listening to their
VOICE and so providing persecuted Christians with the TOOLS. they ask for to live more fully for Jesus and
fulfil the Great Commission Imatthew 28=16-201.
We will continue to visit our partners, practising our ministry of presence, encouraging them in their callings,
sharing in fellowship and hearing their VOICE. We will continue to develop and monitor projects with them
Pa8e 60130

RELEASE SNTERNATIONAL REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2024
that ensure the gospel of Christ will be proclaimed in the hardest places around the world.
More Christians are martyred in Nigeria than onywhere else in the world, and we will continue to support
their families and other suNivors of violent attscks against Christian communities. We will also continue to
support their work of spreading the gospel of Chfist, despite the extreme danger and hardship they face.
Other Christians continue to face imprisonment because of their faith- an ongoing trend which continues in
Eritrea and other places such as Iran and North Korea. We will remain in prayer for them and their families.
Many will need practical support. and our projects will aim to provide some of their needs.
Many Christians will still need to flee from their homes because of persecution. especially in Africa, the
Middle East, and South Asia. Some will be forced into hiding. They will be held up in prayer during 2025 and
we will work towards finding them new places to settle where they can live out their lives for Christ in safety.
As has been true for 56 years, Release International will remoin committed to developing the bonds of
fellowship we have with our persecuted brothers and sisters aimin8 to deliver. durin8 2025, over 60 projects
in more than 30 countries. As per5eculion in those countries continues, we will be creative and flexible in
ensuring we provide the support and TOOLS. persecuted believers ask for and need.
Ralslng thelr VOICE
Raisin8 the VOICE of persecuted believers remains one of our key strategi¢ purposes. Utilising the ski115 and
experience of our own team members, and through a new partnership with a renowned Christian a8ency,
we aim to improve the digital delivery of that VOICE in 2025. The webslte will be further improved, messa8in8
will become more coordinated and joined up across the website, social media and our flagship magazine,
VOICE. We a150 oim to make more use of social influencing through the development of our YouTube and
podcast outputs.
Meeting with real people is just as important to U5 in the UK as it is overseas. We will further develop our
chLJrch networks, reaching into churches. church networks and church leadership groups to ralse the
prophetic VOICE of persecuted believers.
Sadly, but as planned, we will wind up our association with the Artless Theatre Company who produced the
hugely successful play, 11 Prison Wolls Could Speok, a performance designed for churches that tells the true
story of Petrjasek, a Czech national who wa5 imprisoned in Sudan for hiswork aiding and assisting persecuted
Christians. The play has been delivered to over 60 churches and festivals across the UK since its launch in
September 2021. However, we are already in discussions with a larger theatre company and hope to produce
another successful play which should be ready for 2026.
The International Day of Prayer IIDOPI will play a significant part if our effort to raise the VOICE in 2025, with
plans for a substantial range of high-quality thurch resources, together with a speaker tour aimed at
equipping and challenging the church in the UK in its understanding of the theology of persecution and how
to respond to it.
Given the positive response from grant funders in 2024, we will continue to submit more applications and
bids to Trusts and Fourbdation5 in the UK. Also, we have planned and already have stands secured at several
Christian conferences and exhibitions around the country where the VOICE of persecuted Christians will
continue to be raised.
Structure, Governance and Management
Release International is a Christian Ministry, registered as a Charity and regulated by the Charity Commission
for EnBland and Wales, It is also ￿gIStered with the Office of the Scottish Charity Regulator. It is constituted
as è Company limited by guarantee. The Company operate5 under its Articles of Association, which were
updated in April 2022. Release Interrbational was founded in 1968 as the Christian Mission to the Communist
World, le8ally changing its name to Release International in June 2017.
Page 7 of30

RELEASE INTERNATIONAL REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2024
The Board of Trustees normally meets four times each year and administers the Charity through its
committees. Sub-committees and workgroups.
The Leadership Team holds executive responsibility for implementing the policies and strategies approved
by the Board, and the Chief Executive Officer ICEOI, appointed by the Board. manages the day-to-dav
operations of the Companv.
The Board has an established process for identifying and interviewing potential new Trustee5. Vacancies are
identified where there are gaps in experience and skills. All prospective Trustees will be practising Christians,
who uphold Release International's Statement of Faith, Ethos Statement, and Trustee Code of Conduct.
Nominations arising from thi5 proces5 are considered by the Board as a whole and they may subsequently be
invited to join the Board. Trustees serve no minimum or maximum terms of service but retire by rotation
with the opportunity to stand for re-election.
New Trustees go through an induction and training process to familiarise them with Release International.
the persecution sector, and their responsibilities as Trustees and Directors under Charity and Company law.
New Trustees are referred to ihe Charity Commission's guide, The Essential Trustee ICC31, and they also meet
with the Leadership Team and other Trustees. Each year the Chair and the CEO plan areas for trustee trair¢in8
which, with the Board's agreement, are covered in conjunction with other meetin8S.
Risk Management
The Board reco8nises that avoidin8 and mitl8atin8 risk is better than simply being covered by insurance.
Release International operates a risk management strate8y. which identifies generic risks which are reviewed
annually. Dynamic or current risks are assessed and reported each quarter, together with strotegie5 to
mitl8ate those risks. This approach has proved helpful in focusin8 attention on areas which require additional
monitoring or action.
A malor risk to the Ministry is a significant reduction In income. The fact that our income sources are spread
over many individuals and Churches mitigates the likelihood of a sudden dramatic change, but we monitor
this risk closely. Accordingly, our financial and data systems assess income weekly and monthly to identify
any significant variation and to determine if specific action is required.
As for all organisations, there 15 a significant risk of a malicious attack on our IT system5. This is mitigated by
security measures, including pro-active testing. Staff are regularly trained and reminded about IT security,
particularly phishing attacks.
Due to the nature of the Ministry, there is a risk when travelling to visit partners in contexts where they are
being persecuted. This is mitigated by extensive pre-trip briefing and security training, and good
communication with partners to assess the current situation.
Financial Review Year ended 31st December 2024
We thank God for His provision through our many faithful sUPPOrters. The Trustees express their gratitude
for this continuing generosity. We particularly thank God for the generous gift of a residential property in
Eastbourne, the monies from sale of which were received in 2024.
Donations excluding ICA partners fell by 22% to £2.318k12023: £2.952kl and donations from ICA partner5
increased by 57% to £619k12023= £396k). due to the generosity of our ICA partner ministries.
Unrestricted donations from indwiduals, churches and trusts rose by 9% to £1,670k12023.' £1,536k excluding
the income from the gift of the property) and restricted donations fell by 8% to £724k12023: £789kl.
Pw8of

RELEASE INTERNATIONAL REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2024
Total income for the year was £3,098k 12023: f 3.461k). with total unrestricted income of £1,756k and
restricted income of £1,343k.
Total expenditure fell by Il% to £3.293k12023: £3.705kl. The expenditure on grants to international
partners rose by 3% to £1,204k12023.. £1.165kl, principally due to the rise in ICA income, referred to above.
Staff costs rose by 6% to £1,359k12023= £1,280kl- This included a pay increase of 4%, as well as redundarbcy
costs.
The Board has agreed a 0% pay increase for 2025 for reasons made clear in the following paragraphs relatin8
to balancing income and expenditure.
Balancing income and expenditure
In the late stages of 2023, it became clear that regular committed donations to the Ministry were slowing
down, assumed to be a consequence of the national and global squeeze on cost5 of living. For similar reasons
it a150 became clear our fundraisin8 expectations were not being fully realised. With those financial pressures
bearin8 down, and our commitment to Use supporters, funds dili8ently and righteously, it became clear our
non-staffin8 variable and fixed costs had to be dramatically reduced. Action to reduce those costs was
immediately taken. At the same the CEO and trustees thought it wise to initiate an external review to properly
understand the presenting financial circumstances and future financial prospects for the Ministry with an eye
to ensuring financial sustainability and resilience. Recommendations from the external review's final report
were fully considered by the trustees along with a strategic proposal from the CEO to fully restructure the
Staffing of the Ministry to further reduce fixed costs. Counter proposals from others in the Ministry were also
fully considered by the trustees leading to a unanimous decision to initiate the CEO'S proposal. Work to
deliver that proposal concluded in December 2024, the process and irnplementation of which has included
losing 7 staff18 roles1, some voluntary pay cuts lincluding the CEO). and reducin8 the hours of some others.
Overall, our fulltime equivaleni has reduced by almost one quarter-from 28.67 to 21.87. Though achieved
through a painful process, this new staffing structure is releasin8 significant new opportunities for leadership
development, creativity and growth. As direct consequence to those actions, we have reduced the projecte(i
2024 deficit by 20% from -£244K to-£194k and have a fully balanced budget in place for 2025.
Grants Policy
A significant proportion of the overseas work of the Ministry is carried out through partner5 local to areas of
persecution that are usually indigenous. Grants are made for specific named purposes to partners that share
our objectives. Receipts and reports of the work carried out are obtained. Staff members usually carry out
visits to evaluate potential project5. monitor existing projects. and assess the outcome of completed projects
on a sample basis.
Reserves Policy
After considering the Charity Commission's guidance CC19 (Charities and Reserves) the Trustees have agreed
to maintain a 'range' as the basis for the level of General funds. which are 'free reseThes'. At a Board meeting
in December 2024, it was agreed to maintain this range at £4￿k to £500k. This continues to allow the
Ministry to maintain operations if donations from individuals and churches dropped by 10-15% from current
levels and income from legacies dropped by 20%.
The Trustees also agreed at the December 2021 Board meeting to designate £250k as a property reserve
which was the value paid for the long lease of the office in September 2021. In addition, the Trustees
designated a further £170k for property repairs to the office, which is a listed building. A major programme
Paze 9of 30

RELEASE INTERNATIONAL REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2024
of refurbishment to our office was undertaken in 2023, which has been successfully completed.
The free reserves, after adjusting for fixed assets. as at 31st December 2024, amounted to £592k12023..
£731kl, which is 32% above the target range mid-point. TrLbStees deemed this to be a good position and a
welcome provision at this time of uncertainty.
Investment Policy
Income is largely received through voluntary donations and cannot be guaranteed. The Ministry has no
permanent endowment. The only funds that are not expendable within 12 months of receipt are those held
for reserves or money associated with international projects that remain active beyond the year end. The
Board has considered this position and seeks to place funds in savings accounts to achieve a balance between
accessibility and higher returns. Funds may be invested in accounts with up to 12 months, notice, but it is not
considered prudent at thi5 time to invest income for the longer term. The funds are now spread across four
institutions: Barclays, CAF Bank. Metro Bank and Flagstone Group Ltd., a cash deposit platform, who survey
market deposit rates and facilitate the placing of deposits with bankin8 institutions.
Pay for key management personnel
All Trustees give their time voluntarily and receive no remuneration from the charitable Company as Trustees
(Rev Dr B. Asmelash is paid a retainer as a consultant on Éritrea.. see note 8, page 241. Expenses reimbursed
to Trustees are disclosed in note 8. page 24.
The key management personnel in charge of directing and running the operations of the Charity comprise
the Leadership Team, as set out on poge 3 of thi5 report. Salaries for all staff, including key management
staff, are determined on appointment to the post in line with Release International's agreed 5-level salary
bandin& and in line with the requirements and responsibilities of the role. All roles are reviewed annually
throu8h the appraisal system to ensure that any significant changes which may affect remuneration are
addressed. The Trustees periodically carry out a review of all salaries across the Ministry, throu8h a
benchmarking exercise. to ensure that ihey remain reasonable and competitive.
Trustees, Responslbllltle5 In Relatlon to the Flnancial Statements
The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance
with applicable law and regulations. The accounts in this report have been prepared in accordance with the
special provision5 of Part 1-5 of the Companies Act 2CK16 relatin8 to small companies.
Company law requires the trustees to ensure financial statements are prepared for each financial year. Under
that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom
Generally Accepted Accounting Prartice (United Kingdom Accountin8 Standards and applicable lawl- Under
company law, the trustees must not approve the financial statements unless they are satisfied that they give
true and fair view of the state of affairs of the Company and of the income and expenditure of the Company
for that period. In preparing these financial statements. the trustees are required to:
Select suitable accounting policies and apply thern consistently:
Make judgements and accounting estimates that are reasonable and prudent;
Observe the methods and principles in the Charities SORP-
Comply with applicable UK Accounting Standards. These have been followed, subject to any
material departures disclosed and explained in the financial statements:
Prepare the financial statements on the going concern basis, unless it is inappropriate to presume
that the charitable Company will continue its operations.
The Trustees are responsible for keeping proper accounting record5. which are sufficient to show and explain
Pa8e Ioof Xl

RELEASE INTERNATIONAL REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2024
the Company's transattions and disclose with reasonable accuracy at any time the financial position of the
charitable Company and enable them to ensure that the financial statements comply with the Companies
Att 2006. They are also responsible for safeguarding the assets of the charitable Company and hence for
taking reasonable steps for the prevention of fraud and other irregularities. The Trustees are committed to
compliance with the Chority Governonce Code.
So far as the Trustees are aware. there is DO relevant information that the Company's auditors are not aware
of, and each Trustee has taken all the steps necessary to ensure they are aware of any relevant information,
and to establish that the Company's auditors are aware of the information.
Audltors
A resolution to re-appoint Moore Kingston Smith LLP a5 the independent auditor5 to the charitable Companv
was passed at a meeting of the trustees on 19, June 2025.
The financial statements comply with current statutory requirements, the Articles of Aswciation, the
Companies Act 2c￿6 and the Charities SORP IFRS 1021.
This report was approved by the Board on .-.
2.Tr..and signed on it5 behalf by:
David Arrn
d CBE QPM
Chair of Trustees
Page 11 of30

RELEASE INTERNATIONAL REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2024
INDEpENDEP￿ AUDITOR'S REPORT
Independent Auditorfs Report
Opinion
We have audited the financial statements of Release International I'the compan¢ for the year ended 31
December 2024 which comprise the Statement of Financial Activities. the Balance Sheet. the Cash Flow
Statement and notes to the financial statements. including a summary of significant accounting policies. The
financial reportin8 framework that has been applied in their preparation is applicable law and United
Kingdom Accounting Standard5, including FRS 102 The Financial Reportin8 Standard Applicable in the UK and
Ireland, Iunited Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the State of the charitable company's affairs as at 31 December 2024 and
of its incoming resources and application of resources, including its income and expenditure, for the
year then ended:
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006, the Charities
and Trustee Investment (Scotlandl Act 2fKJ5 las amended), regulations 6 and 8 of the Charities
Accounts (Scotlandl Regulations 2CKJ6 las amended) and the Charitie5 Act 2011.
BoslsAor oplnlon
We conducted our audit in accordance wilh International Standards on Auditing IUKI IISAS IUKII and
applicable law. Our responsibilities under those standards are further described in the Auditorfs
Re5pon5ibilities for the audit of financial statements section of our report. We are independent of the
Corporation in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK, including the FRC'S Ethical Standard, and ihe provisions available for audits of small
entities, in the clrcumstances set out in note 8 to the financial statements and we have fulfilled our other
ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslons relotlng to golng concern
In auditing the financial statements. we have concluded that the trustees. use of the going concern basis of
accounting in the preparation of the financiol statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events
or conditions that, individually or collertively. may cast significant doubt on the company's ability to continue
as a goin8 concern for a period of at least twelve months from when the financial statements are authorised
for issue.
Our responsibilities and the responsibilities of the directors with respert to going concern are described in
the relevant sections of this report.
Other Informutlon
The other infom)ation comprises the information included in the annual report, other than the financlal
statements and our auditorfs report thereon. The trustees are responsible for the other information. Our
opinion on the financial statements does not cover the other infomation and, except to the extent otherwise
explicitly stated in our report. we do not express any form of assurance conclu5i0n thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information
and, in doing so, consider whether the other information is materially inconsistent with the financial
statements or our knowledge obtained in the audit or otherwise appears to be materialty mi55tated. If we
identify such material inconsistencies or apparent material misstatements, we are required to determine
P4e 12 of 30

RELEASE IKfERNATIONAL REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2024
INDEPENDENT AUD[ro￿S REPORT
whether there is a material misstatement in the financial statements or a material misstatement of the other
information. If, based on the work we have performed, we conclude that there is a material misstatement of
this other information, we are required to report that fart.
We have nothing to report in this regard.
Oplnlons on other matters prescrlbed by the Componles Art 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the trustees, annual report for the financial year for which the financial
statements are prepared is consistent with the financial statements.. and
the trustees, annual report have been prepared in occordance with applicable legal requirements.
Motters on whlch we ore requlred to report by exceptlon
In the light of the knowledge and understandin8 of the company and its environment obtained in the course
of the audit, we have not identified material misstatements in the trustees, annual report.
We have nothin8 to report in respect of the followin8 matters where the Companies Act 2006, the Charities
Account5 (Scotlandl Regulations 2006 las amended) and the Charities Act 2011 require us to report to you if,
in our opinion..
adequate accounting record5 have not been kept, or returns adequate for our audit have not been
received from branches not visited by us.. or
the financial statements are not in agreement with the accountin8 records and returns; or
certain disclosures of trustees. remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit,. or
the trustees were not entitled to prepare the financial statements in accordance with the small
companies regime and take advantage of the small companies exemption in preparing the Tru5tees'
Annljal Report and from preparing a Strategic Report.
Responsibllltles of trustees
As explained more fully in the trustees, responsibilities statement set out on page 10, the trustees (who are
also the director5 Of the charitable company for the purposes of company lawl are responsible for the
preparation of the financial statements and for being satisfied that they give a true and fair view, and for
such internal control as the trustees determine is necessary to enable the preparation of financial statements
that are free from material mi5Statement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable companws
ability to continue as a going concern. disclosing, as applicable, matters related to 8oin8 concern and using
the going concern basis of accounting unle55 the trustees either intend to liquidate the charitable company
or to cease operations, or have no realistic alternative but to do so.
Auditorfs responsibilitie5fvr the audit OA thefinoncial statements
We have been appointed a5 auditor under Section 44llllcl of the Charities and Trustee Investment (Scotlandl
Act 2005, the Companies Act 2006 and Section 151 of the Charities Act 2011 and report to you in accordance
with regulations made under those Arts.
Ovr objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstatement, whether due to fraud or error. and to Issue an auditorfs report that includes
our opinion. Reasonable assurance is a hi8h level of assurance, but is not a guarantee that an audit conducted
Pa8e 13 of

RELEASE INTERNATIONAL REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2024
INDEPENDENT AUDITOWS REPORT
in accordance with ISAS IUKI will always detert a material misstatement when it exists. Misstatements can
arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably
be expected to influence the economic decisions of users iaken on the basis of these financial statements.
As part of an audit in accordance with ISAS IUKI we exercise professional judgement and maintain
professional scepticism throughout the audit. We also=
Identify and assess the risks of material misstatement of the financial statements, whether due to
fraud or error, design and perform audit procedures responsive to those risks, and obtoin audit
evidence that IS sufficient and appropriate to provide a basis for our opinion. The risk of not detecting
a material misstatement resulting from fraud is hi8her ihan for one resulting from error, a5 fraud
may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal
control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures
that are appropriate in the circumstances. but not for the purposes of expressing an opinion on the
effectiveness of the charitable compan￿$ internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accountlng
estimates and related disclosures made by the trustees.
Conclude on the appropriateness of the trustees. use of the going concern basis of accounting and,
based on the audit evidence obtained, whether a material uncertainty exists related to events or
conditions that may cast significant doubt on the charitable companws ability to continue as a going
concern. If we conclude that a material uncertainty exlsts, we are required to draw attention in our
auditorfs report to the related disclosures in the financial statements or, if such disclosures are
inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to
the date of our auditorfs report. However. future events or conditions may cause the charitable
company to cease to continue as a 80ing concern.
Evaluate the overall presentation. structure and content of the financial statements, includin8 the
disclosures, and whether the financial statements represent the underlying transactions ond events
in a manner that achieves fair presentation.
We communicate with those char8ed with 8overnance re8ardln8, among other matters, the planned scope
and timin8 of the audit and significant audit findings, including any significant deficiencies in internal control
that we identify during our audit.
Explonotion as to whot extent the oudlt was considered copoble of detecting irregulorlties.
Includingfroud
Irregularities, including fraud, are instance5 of non-compliance with law5 and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of
irregularities, includin8 fraud. The extent to which our protrdures are capable of detecting irregularities,
Including fraud is detailed below.
The objectives of our audit in respect of fraud, are: to identify and asses5 the risks of material misstatement
of the financial statements due to fraud- to obtain sufficient appropriate audit evidence regarding the
assessed risks of material misstatement due to fraud, through designing and implementing appropriate
responses to those assessed risks: and to respond appropriately to instance5 of fraud or suspected fraud
identified during the audit. However, the primary responsibility for the prevention and detection of fraud
rests with both management and those charged with governance of the charitable company.
Pa8e 14 of30

RELEASE INTERNATIONAL REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2024
INDEPENDENf AUDITOR'S REPORT
Our approach was as follows:
We obtained an understanding of the legal and regulatory requirements applicable to the companv
and considered thèt the most significant are the Companies Act 2(M)6, the Charities and Trustee
Investment Istotlandl Act 2005 las amended). regulations 6 and 8 of the Charities Account5
IS¢otlandl Regulation5 2006 las amended), the Charities Act 2011, the Charity SORP, and UK financial
reporting standards as issued by the Financial Reporting Countil and UK taxation legislation.
We obtained an understandin8 of how the charitable company complies with these requirements by
discussions with management and those charged with governance.
We assessed the risk of material misstatement of the financial statements, including the risk of
materiol misstatement due to fraud and how it might occur, by holding discussions with management
and those charged with governance.
We inquired of management and those charged with governance as to any known instances of non-
compliance or suspected non-compliance with laws and regulations.
Based on this understandin8, we designed specific appropriate audit procedures to identify instances
of non-compliance with laws and regulations. This included makin8 enquiries of mana8ement and
those charged with 8overnance and obtaining additional corroborative evidence a5 required.
There are inherent limitations in the audit procedures described above. We are less likely to become aware
of instances of non-compliance with laws and regulations that are not closely related to event5 and
transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due
to fraud is higher than the risk of not detecting one resultin8 from error, as fraljd may Involve deliberate
concealment by, for example, for8ery or intentional misrepresentations, or throu8h collusion.
Use of our report
This report Is made solely to the charitable companWs member5, as a body, in accordance with Chapter 3 of
Part 16 of the Companies Act 2CQ6; and to the charity s trustees, as a body, in accordance with Section
441lllcl of the Charitie5 and Trustee Investment (Scotlandl Act 2Crf)5, and in respect of the consolidated
financial statements, in accordance with Chapter 3 of Part 8 of the Charities Act 2011. Our audit work has
been undertaken 50 that we might state to the charitable companWs members and trustees those matters
which we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent
permitted by law, we do not accept or assume responsibility to any party other than the charitable company,
the charitable companws members, as a body, and the charitrfs trustees, as a body for our audit work, for
this report, or for the opinion we have formed.
Andrew Stickland (Senior Statutory Auditor)
for and on behalf of Moore Kin8Ston Smith LLP. statutory Auditor
9 Appold Street,
London
EC2A 2AP
Date:
Moore Kingston Smith LLP is eligible to act as auditor in terms of Section 1212 of the Companies Act 2CrfJ6.
Page 150130

RELEASE INTERNATIONAL REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2024
st
Statement of Financial Activities for year ended 31 December 2024
Ilncorpoialing an Income and Expenditure Account)
Jnd•
Tow FUTh
f¥ftd
1.670232
1.312.on
3.011305
1211.017
1.162.409 3.393.426
Li•fiiure •nd E¥•MI
35.S11
501
36.012
$27
28.492
783
28.1
28,194
Olh¢F
16.098
16 091
11.270
11,270
Total I1￿0m•
IJ41614 A•KI
i.IW36 Wiu
expendM¥i• o
Co•t• ol r•l•*•fvr
257.071
31.165 291236
25.171
J15.ZQO
ProvbJm9 th•m m•TOOLS
R•*hplh•* VOU
422.)7Y
1.350.$47
1214.47e IA36.849
13.99B 1.364.545
835.49)
1.305.890
1285,471
1.900,984
13,998 1.469,185
1892
Told •Ap•hthir•
2JJ1
l•t kn¢om•i I•#￿￿￿￿¥*)
274.%?>
79.*JS
1191.432
4S.974
11&12971 (121,704) (2￿.￿7>
Tr*h•f•r•
M•1 kn¢•m•i ièxppnd**Jf•l
•tt¢rir•n•f•rn
J)6 IIMA
4*74
116gJ•n iia,7•41 IWMTI
JInU￿ 2024
ni.340 330mg
417.73•
$0(1,118
$39.443
1.723,9JS
TO1￿ t*rrl¢dfor*anl
•131 D•Mmbof atra4
Iq117
4wn 4•1J74 IJW
411,7Jg IA71.
The slalement of financial activities includes a119ains and losses rew3nised in the year.
All income and expenditure derive from continuing ac1wil￿s.
The nol8s on pages 19 10 30 form part of these accounts.
P38e 160130

RELEASE INTERNATIONAL REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 20Z4
Balance Sheet at 31" December 2024
Company Number 01506576
24
2023
Fbxed 4••e
10
.182
242.020
knlangbl*A¥vts
10
Current 4••ei•
knVest￿nts fiÈhJ fof fe8aki
Debtor¥
Shon term mveJtff*ntS
C••h li ban& Ind n h•Ad
675.000
93.602
3S722S
0.$01
i.e&s.328
11
88.416
339.000
1.021.983
1449.399
CredllOf•- Amunt• fikn9 due w#hn
one year
1161 current 4••ets
12
1.4%.844
Cr•diior•- ArK*unt• film9 due *¢ over
on¢ ye•r
13
220 000
Tot•1 i••ei• le•• eurrem II*IMtk•
I38￿76
1,479.
R•••Thte•
Unrelir￿ed lund•
Gener￿ Fund
16
4Y.973
731,340
D••bgMtèd Fund•
16
Re•trbcted fund•
17
497.674
417,739
Tot•1 fund•
1m&476
1,479JOB
These financial $talements have been prepared in accordance wth Ihe special provis￿nS of Part 15 of the Companies
Acl 2006 and with FRS102.
The notes on pages 1910 30 form part of these accounts.
Approved by the Board on
. ifjts/D25.... arn1 signed on its behaW by..
David John Annond
Chalr of Trustees
Page l? of30

RELEASE INTERNATIONAL REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2024
st
Cash flow statement for the year ended 31 December 2024
ei ￿¥kn lu•ed In)loenernted ty oper•tknJ acttr¥ttle•
1188.952
{583,Wl
C••hllow• Irom In¥t•iing AcifvM*•
Purchas¢ of prowrty pl•nl bAd equv
Movernent In Short4erm
D*g0$01 ol nve&lmtrnls
Int•rMI rec•ivqd
120.7841
18225
639.210
33,783
670.434
40,771
28.194
Il•t 9on•r•l¢d byU•J•ed Inl knv••ikng •cItr￿lI•¥
et Ide¢r•••¢YrfKre••e In u•h
481.482
1514.5951
C••h •t the btyinnng oftr* y•w
$40 $01
1.055 096
Cash It the eTh1 ofthè y••r
R•¢oncllSatlon of n•t movement In funds to n•t cash flow from operatlng actlvltlo8
2024
2023
Mei Incom• I IExp•fidiiu¢•I
Adju•ttd for
D•pre¢•lion ch•r
Amorl8•l•n chor9e
Rece* of oift ol tsr rH•
S•* ol nve*ift*fi
{194.4321
Q44.0271
8.845
1675,0001
4,878
htertjl from d¢posl*
lkncreaseydecre••e m debtorn
cre•#eJldetrea*ei m ertd*O¥*
•t e4•h u••d kn
(33.7B3)
5,186
9,379
(28,1941
12,017
336.865
Analy81$ of cash, ¢ash •qulvalents and net d•bt
￿•h
A• ￿ 1 Jah X114 C••h Ilow• mo¥ements A• ￿ 31 Oee 2024
Cash 8t bank
C8$h on depostt
N•t C••h
271.683
28$ 818
'JO.SOl
198.fQ6
580.108
481.462
176.057
845.926
1021.983
Mon ¢a•h
moYement*
2023
A• •t l J•n 102J Ca•tt lkn•
A• •1 31 De¢ 2023
Cash al b•n*
Cash on depogl
Net Cash
237.766
1215,326
.917
949.508
912,591
274.683
265.818
YO Sol
Page 18of 30

RELEASE INTERNATIONAL REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2024
Notes to the Financial Statements
Accounttng Policies
The financial statements have been prepare(l in accordance with Accounting and Reporting by Charities..
Slalemenl of Recommended Praclice applicable lo charilTres preparing Iheir accounts in accordance with the
Financial Reporting Standard applicable in the UK and RepubliG of Ireland IFRS 1021- Charities SORP IFRS
102} and the Companies Act 2006.
Golng Concern
The tw$tees have assessed whether the vse of the going concern basis is appropriate and have considered
possible events or conditions that might cast signrficant doubl on the ability of the charity to continue as a going
concern. The Iruslees have made this assessment for a period of al leasl one year from the date of approval of
the finat)cial slalemenls and in particular have considered the charty's forecasts and proieclions and have taken
account of pressures on donation and investment income and expec181ion from the current economic challenge.
The Iruslees have con¢luded that there is a reasonable expectation that Ihe charitable entity ha$ adequate
resour¢es lo continue in operational exislertce for the foreseeable future.
The ¢harilable company therefore conlinues lo adopl the going con¢em basis in preparing its financial
slatemenls.
Bas18 of Accountlng
Release Internat￿nal Limited meels the definition of a public benefit entity under FRS 102. Assets and liabilitie5
ale initially recognised al historKal cost or transaction value unless othe￿158 staled in the relevant acGounling
policy nole{sl.
Fund AccountSng
Funds held are either
un￿strICted general funds wh￿h are fvnds that can be used within tho charitsble objectives al the Trustees,
discretion.
Designoled lunds are funds that the trustees have earmarked for a spectfic purpose, even though they are
not legally reslricled by a donor.
Reslriclèd funds which are funds that can only be used for Specif￿ purpose$. The reStr￿li0n may be
imposed by the donor or the terms ￿r￿er which the funds were raised.
Income
Income is recognised when the Charity has ent￿ement lo the funds. il is probable that the income will be
received, and the amount Can be measured reliabty.
Donations, interest and fenl are recognised in the accounts on a received basis. For donations made under the
gift aid s¢heme. the grft aid is recognised in the year in which the gfft is received. Grfts in kind are valued al their
value lo the Charitable Company.
For legacies. entillemenl is tsken as the earlier of Ihe dale on which eilhef.. the Charity is aware that probate
has been granted, the estate has been finalised. and notrficalion has been made by the execulorlsl that a
distribution will be made, or when a distribution is received from the eslale. Receipt of a legacy, in whole or in
part, is only considered probable when the amount can be measured reliably. and the Charity has been notified
of the executor's intention lo make a dislribution.
Expendlturo
Expenditure is recognised On￿ there is 8 legal or constru¢lbve obligation lo make a payment lo a third party, il
is probable that settlement will be required, and the amount of the obligation can be measured reliably.
Expenditure is dassrfied under the following aclivity headings..
Costs of raising funds are costs incurred in encouraging voluntary ¢ontributions lo the Charitable Company
and their associated support costs.
Expenditure on charilable activities are costs directly relating lo the objects of the Charitable Company and
include grants made, direct costs incurred. and an apportionment of sUPPQrt costs as shown in note 7.
Pa8e 190130

RELEASE INTERNATIONAL REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2024
Support costs are those funclions that assist the work of the Chanty bul do not directly undertake charitable
aclivilies. SupFM)rt costs inclu¢Je office eosls. finance. personnel, payroll and governance costs which support
the Charity's activities. The Charity initially identffjies the costs of lis support functions. 11 then idenirfies those
costs which relate to the governance function. Having identrfied ils governanee costs, the remaining support
costs together with the governance costs are apportioned betsveen cost of raising funds and expenditure on
charitable aelivities pro rala lo staff full time equivalents.
Grants payable are payments made lo Ihird parties in the furtherance of the charitable objectives of the
Charitable Company. The grants are included In the Slalemenl of Financial Activities in the period in which the
awards are made. Grants where the beneficiary has not been informed or has lo meet certain conditions before
the grant is released are nol accrued but are noted as financial commitments.
Irrecoverable VAT is charged as a cost against the activity for which Ihe expendilure was incurred.
Tanglbla Flx¢d Assets
Fixed assets are all used for charitable purposes and are shown al cost less deprecialion. The threshold at
which purchases are not normally capitalised is £1.000. Depreciation on assets is calculated to write off the cost
over their eslimaled economic useful lives. Assets are ¢Yepreciated annually on a slraight-line basis over 4 years
for computer equipment, 5 years for offv equipmenl and the remainder of the lease for leasehold
improvements. The leasehold propety ts amorti5ed monthly over the remainder of the lease.
Intanglblo Flxed Assèts
Intangible assets are the development costs for specific IT projects which are capilalised al tosl, provided il is
likely lo bring future ecorlomic benefit lo the Charity. If the crileria for recognition as assets are not Met, the
expense is reeognised in the Sialemenl of Financial Activities in Ihe period in which il is in¢urr$d. Capitalised
IT costs include all direct and indirecl costs that are direclly attributable to Ihe development proces$. The c051s
are amortised using the slraighl-line method over 4 years being their eslimaled useful lives. The th￿shO1￿ al
which costs are not normally capitalised is £1.0W.
Forglgn Currencles
Income and expenditure in foreign CUrrenc￿S are converted inlo Sterting al the rates of exchange ruling on the
date of Iransaclion. Amount$ held at the balance sheet dale are ¢onverted al the rates prevailing al the balance
sheel dale.
Penslon Costs
The Charity operates a defined contribulion scheme for the benefrt of 11$ employees which is funded by
conlribuliorss from the employee and employer contributions payable lo scheme and èmployees, personal
pension plans are charged in the Slalemenl of Financial Activities in the period lo which they relate. Further
details of the scheme are gNen in note 15.
1.10 Operatlng Loa808
Rentals payable under operating leases are charged on a straighl-line basis over the term of the lease.
Financlal Instruments
The Charitable Company only has basic financial instruments measured al amortised cost. with no financial
instruments classified a$ 'other' or basic instruments measured al fair value.
1.12 Investmènts
The charity has a policy of sdling donated shares upon receipt of donation. However, where for any reason
donated shares are not sold al the balar￿e sheet date these are listed as investments, al Iheir market value al
the balance sheet dale.
Realised and unrealised gairvts or losses the period are accounted for through the Statement of Financial
Activities in the period in which they occur.
1.13 Cash and Cash equlvalents
Cash and Cash equivalents include cash in hand. deposit held at call with banks and other short-term liquid
investments with original maturities of three months or Sess
Pa8e 20of30

RELEASE INTERNATIONAL REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2024
Critlcal Estlmates
In the view of the Trustees applying the accounting ￿lIcIeS adopted. rb) judgements were requirèd apart from
those listed below.
the allocation of support costs
depreciation rates of fixed assets
eslimalion (rf legacy accrual
Donatlons and Glfts
X124
Tot•1
lund•
2023
Total
fvDd•
ilnre•irkted R¢•trthd
fvnd•
fund•
Ihwe*lTKted R¢•ir•¢ted
fvnd•
nd•
Ju•kn,
Churches,
oth•r grou
and trusts
1,594.111
723.SOB
2.317.619
2.163.615
788.850
2.9S2.465
rtn•r
tr*5
618.
618.585
393.5S9
393.SS9
76.121
76.IX
47.402
47,402
1.170,232
lJ42,07)
JM12.305
2211.017
1,1J2JO
3J93M
There was a glft of a residential propety, wh￿h has been valued al £675.000 in 2023 and was included in
unreslricled donations from individuals.
Expendlture
2024
Totsl
GrnM• Dlreffl co•1• Support eo•t•
Co•1• of fal•lno fund•
FuThdra#ng
Ch4rlt•ble •cll¥ltbtr•
Prov*Jmg thtrn th¢ TOOLS
R•afftg therVOCE
2￿.19s
291236
1.203.807
341.709
1.172.682
91.333
191.Ib33
1.6%.849
1,364.S4S
1203J07
324337
3392,630
2023
Grnnt• ¢o•i• Support co•t•
Totsi
Co•1• of r•l•lng fvnd•
FuftdraMng
Ch•riiible actl¥ft6e•
l•ee note 51 l•ee note 61 l•ee n￿e 71
2S.171
315JO
Pro¥kI￿￿ IhemtheTOOLS
thew VOCE
1.164.763
631.900
1.133.583
104.301
1.900.964
1.319.88B
31
777
Pa8e 21 of30

RELEASE IKfERNATIONAL REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2024
Grants mad•
Grant payments made were for the charitable purposes of Release International. They provided s*Jpport for..
Families of Christian martyrs
Prisoners ol faith and their families
Christians suffering oppression and violence
Christians forced lo flee
The Ministry has taken advantage of the exemption available in the Charity SORP not lo disclose specific
information in ￿latiOn lo granl making, on the grounds that the disclosure could result in serious prejudice to
the grant maker andlor Ihe recipient inslilulion. individuals working for the recipient inslilulion or individuals.
No support costs have been allocated to the total amount of the grants.
T(rt*12D23
34.4
ddkn E88vI￿
273.748
M)th E88¢ Alri
412.C67
16
423,461
164.7e8
139.898
91.240
Alrlca
09.789
18
S(HJh Ada
18
110.871
36.132
12
13
470,147
13
13.169
61
114
B. Llnr••trkt•d
2.641
37.47S
Mlddb Easu￿￿
E•ii Aft1¢8
lo,￿0
WoslAfri
14.6C
Soth Aw•
&)th EastNAia
13
14.717
31.526
8.W3
67.742
10
1Q3.467
149.
14
Totsl &anIroYw￿ts
158
Pa8e 22of 30

RELEASE INTERNATIONAL REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2024
Direct costs
2023
Stsff cost•. Other co•1* Tot*1 costs
eel￿e8
St•ff co•t•' Other rn•t• Tol•l ¢o•t•
Fundra*m9
139.
110.310
250.194
131.764
158,30 290.089
Ch•rlt•ble •¢1￿1¢￿e•
Pfovtho IhemthtTOOLS
A•Y•￿9 thw VOCE
290.S34
51.17S
341.709
273.743
358,157
631.900
e48.996 $03.
1.172.682
630.368
503.21S
1,133.S83
1.091414
6￿111
1,764
1,03&07S
1,019.697
I,￿£72
Support ¢￿tI
X124
Stsff ¢o•l•' Other ¢o•t• T<)tsl co•t•
2023
St*ff tMt•' Oth•r eo•t• Total co•t•
'S•t r￿te 8
Fundr••mg
8216
10.440
40,851
Ch•rrt•ble •dtr4tt1e•
Ihemthe TOOLS
73.048
18285
91,333
191,e63
76.774
20.342
97.116
An9 thm VO£E
153.453
38.410
136.844
40.%3
Iri,807
269.)26
64,911
J242J7
244.OJ2
71,745
314777
Staff costs
2024
2023
sabries
1,118.652
1,057.057
Social security costs
Pension costs
115.446
106.644
111,853
105.022
l>oup Lifg Folicy
11789
Page 23 0130

RELEASE INTERNATIONAL REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2024
Totsl •plbt a• folow•:
Xl14
Totsi •laff
2023
Tot•1 ¥t•ff
(nol¢ 6> {not¢ 71
139.884 32.82$
(note 61 (note 71
131.764
30.411
c￿1¥ of ral•iw fvNI•
172.709
162.178
Ch•rltsble actl¥th•
Pr0vbJ￿g Ih¢rn the TOOLS
R•ssng th¢w VOCE
290.$34 73.048 363.S82
668.996 1S3.4S3 822.449
273,743
76.r14
s30.￿ 136.844
350,517
767.212
14 259 326 1
740
76 244MJ2 1
The Trustees receive no remuneration. During 2024, 4 Trustees12023.. 4 Trusteesl received out of pocket
expenses of £70712023.. £8171. During the year donations from 6 Truslee$12023'. 51 were received lolalling
£6,19512023.' £4,425).
The rernuneralion and benefits re¢eived by key management personnel in the year were £363.96412023.'
£360,228}. During the year the￿ was 1 ¢m￿oyee whose reMUr￿li0n was in the bracket £70,CQO - £79,999
12023.. 11.
Included within the above staff costs V￿re termination payments lotalling £43.38712023.' NIL).
Th• •￿r•￿ numb•r ol eryloy••• ¥rn•:
A¢jMthtr•t￿rt Ind support
Ov•rnfr&• propd minbg•rnfit •nd UK
21
21
31
Not IncomelExpondltur• for tho Y￿r
The net incomel expenditure for the year is slated after ¢harging'.
2024
2023
Depreciation of a8S8ts
Auditors, raNr￿ratic￿- a￿[t
(See￿￿11}
9.9)1
21.132
A￿thr5, remLvEration. rt)n *JJit *bi¢o8
r accountsry fe
Hre of eWlY￿nt
1625
Non audit servtces indude the provision of tx)okkeeping services and preparation of the slatulory financial
slalemenls.
Al the year end, amounts Telaling lo these services have not been accrued.
Page 24 of ao

RELEASE INTERNATIONAL REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2024
10.
Fixed Assets
ProF*rty
Total
Co•t
At 151 J8nu8ry 2024
thition5
'5W5a
Al 31st December 2024
29),CKKI
2,782
18.714
366,120
4,070
2￿.(
,4
37,408
Doweclotlon
At 1st January 2024
Charge for y•ar
Di5W5815
82.782
1134
124,ILK)
3.420
At 315108cemtr*r 2￿24
11.4C#)
&5.916
1YJ.722
Not book v•luM
Al 31$1 DecemLw 2024
At 31st 2023
242.020
242,020
De￿¢181￿n rats5.' Stra(¥*k
Property. rewAirthr ol ￿8$&
l>rnwler8- 33.>A per ann
Ic• équipff*nt. 25% per
Tot•1
Cost
At Isl Jarw 2024
dib.ons
DistMX815
At 31$t l)e¢err*er XY24
D¢pr•¢Wkn
At 151 January W24
ctwrge lor yèar
swsab
At 31st Decembtr 3)24
N•t ljook
At 31st December 2tr24
At 3181 Dec8rrthr 2U23
25.345
25,345
25.345
25.345
24,￿1
24,￿1
D9pr￿13￿.0n ra¢es'. StrayM-Ir
Page 25 of 30

RELEASE INTERNATIONAL REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2024
11.
Dgbtois
Olhef debtors
50.e63
69.713
*ewlyn￿nt#
Accrued mcome
7.607
88.416
93.602
12.
Cr•dltors- Amounts Falling Duè Wlthin On• Year
2024
202J
TTad• tr•dlOrn
57.918
68.n1
Other eredlorn
21.069
t•rMt frtt ban
Acuu•is
91.667
200.105
13.
Cr•dltor•- Amounts Falllng Duo Over One Year
20
2•2J
The above loan 1$ Interest-free and 1$ due to forgNen over the next 7 years 4 months
14.
Membern, Llablllty
The Charitable Company is limited by guarantee and each of ihe members is bound lo contribute a Sum not
exceediro £10 in certain Circumstar￿eS as set out in dause 7 of ArtKles of As$o¢iation.
15.
Pgnslon Comrnltrn•nts
The Charitable Company participates in the Glob81 Connections pension scheme which is a defined contribution
pension scheme. The a58els are held separately from those of the Charilable Company in an independently
administered fund. The pension cost charge rep￿sentIng contributions payable by the Charitable Company to
the scheme 2nd lo other person81 pension schemes amounted lo between 70A or 100/0 of gross salaries
depending on whether the staff member also conlribules {2023: 7¥0 or 10%). AI 31W December 2024 there were
no signffjicant contributions outstanding payable lo the scheme. The Charitable Company's pension
arrangements comply with ils stalul¢xy obligations in reSp￿t of auto-enrolmenl.
Pa8e26of 30

RELEASE I￿ERNATIONAL REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2024
16.
Unrestricted Funds
In¢ome Tr•n•fer•
lance
31th-24
General Reserve FuAd
Designated Fund- Grnht Reponse furbd
Designat8d Fund_ Propety rtserve
731,340
81.399
249.430
1.7SS,624
12.029,9911
458,973
81,399
249,430
1.C62 169
1.74q.624
787,802
n* Expendtiure Tr•n•f•r•
B*lAnee
31*.23
.23
General At￿rve Fund
Des¥ndied FuAd- Grnfti Reponse Fund
De>¥nal•d Fuftd- Pro￿rty reserve
De$4nal¢d Fun& Property re￿￿$
De•4nated Fun& n•w prop•fty
2.278,446
Q.231.4721
120,$181
15701
1148.2091
731.340
81.399
249.430
1.917
100,000
148209
100,000
1100,0001
1.184492
2.278.446
2 400 769
1.C62.169
The reserve policy is eXplaIr￿ on page 9 of the Iruslee reptyt.
The Grant Response Fund allows Rdease International lo be more agile and give grants lo overseas partners,
usually funded by reslricled gifts in anticipation of funds being received later in the year.
The Property reserve fund relates lo lh8 office building purchased in Seplember 2021 and has been sel aside
as a designated fund. $0 that il does not form of general reserves.
The New Property reserve fund relates to the grft of a residential propety, in the prior y8ar.
Page 170130

RELEASE INTERNATIONAL REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2024
17.
Restri￿9d Funds
These are donations received for specific purposes as requested by the donors. The first four funds are for the
taxonomy of persecution Ipage 5 of the trustee repor1} The other funds are many and varied and where
appropriate have been grouped into geogr2phi¢al areas. They are all within our objectives as described on page
e¥pndWf• Trnn•f•rn
Bo￿Tr¢tr
31-De¢-24
01Jan.24
chr•￿￿￿$ forced to f*e
Fom*es of Chr¥Jt*n rr•tyr*
Proorters #f falh ond they fafft*s
chrBI￿n$ suflwn9 oppr•w •nd voknt•
Centr•l A•
7.610
145.696
1139.86S1
($4,938
IW.4311
(173,2651
134.4%)
(70,￿)
1419,9421
169.7891
1110,6701
(%.1321
117.7441
144.e60)
1262.638
14.1001
9.541
52.420
$233
52TI
19202
250.930
42.359
24.155
12.199
1.187
19.7961
417 739
68.617
157.240
39.408
30.593
20.124
19,500
117.e611
324
7SO
1S.629
254.956
33.874
1￿.624
8.119
1.187
25.233
97 674
Nonh Eait Alrt•
WMt Al
South A**
Sc4uth E••t As*
423.616
61.304
193.Q4
3.494
17.744
72.473
342.574
7.416
Exp•nthr• Tr•D•f¢r•
Dl-J•n.2J
)l.De¢-23
Chrnl*na for¢ed lo l*e
F•rr4ei of Chr•t¥D
Pr*Dner* of f•lh •nd Ihw I•￿•
Chr*lwn• Buff¢rmg oppres$￿Th v•*hc•
98.121
122.208
84.438
196.958
12.S88
53.311
1118.e451
7,810
6,783
52.420
S.233
5277
19202
2SO,930
42,359
24,155
12.199
1.187
19,7981
417.739
19191
39.786
{e6.B221
1183.6291
114.29))
(S3.5791
14Y.134)
(91.1791
I8.￿)
5.145
14237
North Eosi Af
West Afr¢•
SoLrfh Al•
Soulh Ea•t AJ•
rnonhi Suk¥
398.27S
9.369
124.169
24.557
142.1681
(22.009>
(37.2961
11.304.640)
1.1B7
4s.088
1.182.9)6
18.7901
$39,443
During 2024 funds have been transferred from general reslricted funds to cover overspends in specrfic
restricted funds.
P38e 280130

RELEASE INTERNATIONAL REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2024
18.
Analysls of Net Assets Between Fund$
2024
F6Med •••¢ts
Ilet current
rr¢nt
ylile•
Tothl•
Re8tr*ted fvr
497.675
497,671
UnTe8trthd fvr
.182
7S1.620 1220.0001
787,802
256.182
1.249.
1220.0001
1.285.476
X*23
Flxed •••￿#
Ilèt etsrreni
¢¥rT•M
bllrte•
Toial•
R¢¥trt*•d ftbnda
UThregtrthd fund•
417.739
1.039.105
1.4%.8M
417.739
1.062,169
1.479 908
243.C64
1220.0001
19.
Other Flnanclal Commltm•nts
2024
202)
Pr•ml•e•
Rental
Pr•ml•e•
Rentsi
Équwnent
Equlwnenl
Operthtmg Lea*
Due under l y¢or
Due between 2 to S ytors
Due ttftèf ff￿)re than S y••rs
4.276
17.103
3207
22S
6.674
6.674
I4.￿9
14.794
24.586
1S.694
13.348
The operating lease is for the franking machine. A new lease was started in October 2024 for 6 years al £891
+ VAT per quarter.
The premises rent 1$ ground rent for the leaseholo propety. which is £225 per year.
Page 29of 30

RELEASE INTERNATIONAL REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2024
20.
Investments held for rtrsale
2024
2023
Investments
675,000
Invèstments in Mo
•ld
Residential property in Easlbourne grfted to Release International in June 2023, conservatively valued at..
£675,000.
The propety was sold in the period under review.
21.
Taxatlon
As a Charity Release International benefits from exemptions on if￿0Me and gains falling within Sections 466-
493 of the Corporation Tax Act 2010 to the extent they are derwed from charitable activities.
22.
Related party transactlon8
Revd Dr Berhane Asmelash, who is a Tnjstee. re¢eNes no remuneration for his role as Trustee. He wa5 paid
as a consultant on Eritrea £7,87512023'. £7.5941
23.
Capltal CommStmonts
There were no capital commitments not wovided for in the financial slalements
{2023.' none).
pay30￿30