EMMS INTERNATIONAL Trustees, Report and Financial Statements For the year ended 31 March 2026 EMMS International is a Charity. Registered in Scotland No: SC032327 A company limf(ed by guarantee. Registered in Scotland No.. SC224402 Registered Offi￿. 57 Albion Road, Edinburgh, EH7 5QY EMMS International Trustees, Report and Financial Statements FoTthe year ended 31 March 2026 Contents: Page number Introduction Objectives and Activitie5 Achievement5 and Performance Financial Review Risk Management Structu￿, Governance and Management io Reference and Administratlve Details li Statement of Trustees. Responsibilities 12 Independent Auditorfs Report 13 Statement of Financial Activities (incorporating Income and Expenditu￿ Account) 17 Balance Sheet 18 Statement of Cash Flows 19 Notes to the Financial Statements 20 EMMS International Tru5teeg Rer)ort Fortheyearended 31 Marth 2026 Introdurtlon The Trustees (who are also Directors for purposes of Company Lawl are pleased to present their annual direttors, report together with the financial statements of the charity for the year ending 31 March 2026 which are also prepared to meet the requirements for a trustees, report and accounts for Charity Law purposes. The financial statements comply wf(h the Charities and Trustee Investment (Scotlandl Act 2005, the Charities Accounts Iscotlandl Regulations 2006 las amended), the Compan￿5 Act 2W6, the Memorandum and Articles of Associatton, and Accounting and Reporting by Charf(ies'. Statement of Recommended Prattite applicabte to charf(ies preparing their accounts in aCCordar*￿ with the Financrdl Reporting Stsndard applicable in the UK and Republic of I￿land IFRS 1021 leffectwe l January 20191. Oble¢tlves and Artl¥ltles Our Vlslon: Ajust world in which all people have access to good quality and dignified healthcare. Our Objectlves: EMMS International is Scotland's longest-serving international heolthcare charity. Since 1841, from our base in Scotland, we have set out to heal the sick in some of the poorest communities in the world. Today, we continue to improve health. in India. Malawi, Nepal, Rwanda, Scotland and Zambia. We do this through multi-faceted approach, developing healthcare resources via education, improving infrastructure and the environment, tackling inequalities and discrimination, and so empowering the vulnerèble. We help families in countries challen8ed by poverty to gain access to a range of healthcare and help break the tycle of poverty and injustice by creating sustainable healthcare solutions with our partners. We stand with some of the most vulnerable in society to promote justice, giving them powerovertheir own lives by providing some with an education to earn a living, whilst creating a stronger health service. We give hope for the future. and real, tangible, sustainable change. The objects of EMMS as ststed ifl our Memorandum of A550ciatton are.. l. The prevention or relief of poverty. 2. The advancement of health; 3. The advancement of education,. 4. The Saving of lives,. 5. The advancement of human rights, conflict resolution or recontiliation- 6. The advancement of environmental protection or improvement,. 7. The relief of those in need by reason of age, ill health, disability, financial hardship or other disadvantage; Such other object as is charitable, not fallin8 underthe precedin8 sub-clauses and that may reasonablv be regarded as similar to any of the preceding sub.clauses. With the foregoing objects to be carried out throughout the world in accordance with Christian faith for the benefit of people of oll faiths and none. EMMS International Trustee< Report Fortheyearended 31 Marth 2026 Worklng through Partnershlps (Grants Pollcyl EMMS International Is not a grant-giving organisatlon. EMMS International implements with partner organisations in the countries Whe￿ we work. We sign Project Agreements with our partners, including statements of when we shall transfer funds to our partners, on what the money is to be spent, and requiring quarterly narrative and financial reporting from partners to EMMS International. All money spent in our projects is for agreed specrfic purposes, and EMMS International monttors regularly to ensure that all aspects of our Piojert Agreements are met, that funds have been used for the purposes for which they were intended, and all funds are managed professionally and transparently. EMMS International conducts regular due diligence on our partners. EMMS International does not support our partners Wlth their general running costs. We do not invite organisations to request partnership with us but rather select and seek to develop partnerships With organisation5 Wlth whom we can jointly pursue our aims. CharFtable and Political Donatio EMMS International made no charitable donations during the year outside the scope of its own objects. No donations were made for any pOl￿1cal purposes. Athievements and Performance Overview of Activities and Hlghllthts of 2025-26 Operational over¥lew In 2025-26 we helped 102,608 poor and vulnerable people. and trained 1,764 health staff, both pre- and in- serv1￿, establishing servites and inffastrurture to seTre many more people in future. This wa5 yet another year in which we spent our highest amount ever on our projetts, £1.47 million, as we continued our largest ever project and worked on another 10, including ongoing responses to three emergencies caused by climate change. the ongoing impact of the COVID-19 pondemic, and per51Stent poverty. We maintained our already high tost-efficiency, spendin8 90% of our total expenditure on charitable activitiesi giving excellent value for donors, money. Programmes update EMMS International's programmes and projects during the year were.. Non-communlcable Dlsease,. Palliative care development in Malawi, Nepal, Rwanda and Zambia Global Healthcare Workforce". o Healthcare Career Pathways in India, Malawi, Nepal, Scotland and Zambia, o A new College of Nursing, Duncan Hospital. Bihar, India, Start of work on a new Outpatient DepartmenL Duncan Hospital, Bihar, India; Health Emergency Response. Emergency food for drought-affected palliative care families in Malawi las abovel, o Teenage Pregnancy Redurtion in Malawi, Leprosy re-elimination in Nepal. EMMS International Trustees, Report Forthe year ended 31 Mwth 2026 Arran8ed by country, partner and projert, these programmes were as follows.. India Nepal Duncan Hospitsl, in Bihar, for: INF International, for.. Building a new College of Nursing Palliative care devekjpment Preparing to build a new Outpatient Department. Care ft)r people with leprosy Preparing to increase solar power vulnerab￿ women studying healthcare Vulnerable women studyin8 healthcare Jiwan Jyoti, Madhipura and Makunda Hospitals. for.. Vulnerable women studyin8 healthcare Health and Development Community SeThices'. Vulnerable women studying healthcare Sahodar, for.. Vulnerable women studyin8 healthcare Malawi Palliative Care Association of Malawi, for: Emergency food deliverie5 to families Expandin8 palliative care Rwanda African Centre for Research on End of Life Care.. Expanding palliative care Establishing models of palliotive care Mulanje Mission Hospital ICCAP Blantyre), for: Reducing teenage pregnancies Ekwendeni College of Health Sciences, and KamuzL¢ Unwersity of He8￿h Sciences, for. Vulnerable women studying healthcare University of Global Health Equity, for.. Establishing models of palliative care Scotland Hub for Success, for: Care-experienced young people in NHS jobs Zambla University of Maryland, for: PhD by senior Zambian nurse living in Lusaka Ourlmport Indl In Duncan Hospital. we continued building the College of Nursing, prepared for its next installation of solar power, demolished old buildings to make way for a new OutpatÈent Department and prOdu￿d its draft drawings, and continued to support more vulnerable women to study healthcare to start guaranteed jobs in Duncan, Madhipura, Jiwan Jyoti and Makunda Hospital5. Molowl We supported 8 healthcare students at college and university, and all our graduates started jobs. We completed provision of food relief to palliative Ca￿ families in the most drought-affected districts. We delivered palliative care services again. We continued to reduce teen pregnancies by keeping girls in secondary school. EMMS International Trustees. Report For the year ended 31 March 2026 Queen's Story.- "l am a medical ossistant ot Chilambwe Health Centre in ML71owi. When I het7rd about the sponsorship opportunity through EMMS Internotional I thought it wosn't true. I prayed ond opplied. When I got selected, I felt my prtryer hod been ons¥vered. Befo￿ this proiert IHeolthcare Coreer Pcthwoysj, I lost control of my life 05 I could not take care of myself. Now l am independentsociolly ondfinoncially. The project cht7n9ed my life und thut of myfomify. My dreom is to gmw in my coreer ond help girls who ore stru9gling like l once did. I have mode this commitment to myself to return the love shown to me by others." Nepal On completion of FCDO-funded A+ rated Sunita projert, we continued to SUPPOrt palliative care service delivery and research focused on dignity in palliatlve care. We helped 3 women to study healthcare. We supported leprosy care. Rwond We delwered palliative care training and seNites and undertook work to establish a community-based palliative care model. otlond We continued to work with Hub for Success, to support care-experienced younB people starting jobs in the NHS. Zomblo We supported a senior palliative care nurse to continue her distance-learning PhD at the University of Maryland. As course teacher in the Universtty of Zambia's Msc In Palliattve Cafe. she supported her 20 part- time students to improve their care for their 6,000 patients. Patience s Story.. "l am ¢7 ClinicolNurse Proctitionerond Palliotive Corespeciclistfrom Lu50ku, Zombia. Itls Wlth deep gratitude and hope thot I write to you toduy, us someone whose life ond work have been transfvnned by EMMS Internotionol. Thonks to on EMMSscholJrship, I wos able to pursue o Master s degree in Palliative Core. and now, l om honoured to be undertaking o PhD ot the Univetsity of Marylond. These opportunities hove sht7ped not only my own coreer but hove ollowedme to give back to my county- to teach, to train healthcare worke￿, ond to coreforpotients who ore too oftenfvrgotten." Fundraising Update 2025-2026 fundraising activtty saw EMMS continue to develop its staffing strutture to build new income streams and engage with new audiences likety to support the programmes that we deliver. The economic climate and wst-of-living crisis persisted in the UK, prolonged by global conflicts. For many charities, this affected both the number of donations and the number of donors who give regularly, and as government contributions to international development declined (notably USAID and FCt)01, all income to international development became ever more competitive. It is pleasing to report that EMMS International individual donors remained loyal, and that both community and Trusts & Foundations income to EMMS International increased. EMMS International Trustees. Report For the year ended 31 March 2026 Our second Global Women in Healthcare Awards, again in partnership with the Royal College of Physicians of Edinburgh, took place in June 2025. This resulted in renewal of old contarts, and creation of new relationships wsth supporters and potential supporters. Having successfully raised restricted funds for EMMS'S largest ever fijndraising campaign, The Duncan Centenary Vision 1£4.5 millionl, our focus turned to EMMS'S next largest fundraising campaign. Duncan Futures1£3.4 million). Pledges of £3 million and first paymentg were ￿Ceived. Restricted funds We￿ secured for programmes in- India for the new Outpatient Department to be built at The Duncan Hospital from 2026,. Malawi for emergency food silPPOrt for palliative care families and for secondary school fees for girls at risk of pregnancy- Nepal for Healthcare Career Pathways and floods response: and Rwanda for our expansion of palliative care. We are enormously grateful to our supporters for their generosSty and loyalty and greatly appreciate their willingness to help others less fortunate. Cornmuni¢ations Update Communications activity was delivered through promotional campaigns to support specific *undraising ob}ertsves- engage with partners and stakeholders through newsletters, social media and networking,. and raise the public profile of EMMS International work and advocacy through representation in the Scottish International Development Alliance. media coverage, blog and news reports on our website, and social media. Engagement across our primary social media channels was consistent in response to regular posting. The newsletter maintained a consistently high above-average open rate. EMMS International projetts were the subject of nine media articles in Scotland. Website content was reviewed and refreshed to give a better visitor experience and reflert EMMS International's priorities. EMMS International prepared for our need to recruf( new donors, the sea change in the shift of fundinB from governmental to private. and the subsequent need for our aims to be achieved increasingly through advocacv, by preparing to scale up our Communications staffing. We look forward to the year ahead, in which we shall continue to structure our fundraising and communications teams and deliver our strategy to develop new audiences, acquire new Ilonors, and increasingly achteve our aims through advocacy, to help us deliver our vltal programmes. Thanks The Trustees would like to record their sincere thanks to their diligent staff team who work tirelessly to deliver our work efficiently and effectivety, particularly dijring the cost-of-living crisis and in the face of government cuts, both of which make income generation and programme delNery hard. EMMS International Trustee5' Report For the year ended 31 March 2026 The Trustees would also like to thank and acknowledge all our donors without whose faithful support our work would not be possible. Particular thanks are extended to the following organisations and those who prefer to remain anonymous. Ascent Charitable Fund Beatrice Laing Trust Forest Hill Charitable Trust Guernsey Overseas Aid Commission St Lazarus Charitable Trust Supportive Care The Mackay Clinic rillyloss Trust Erica Leonard Trust • Scottish Government Financial Review Funding The work of EMMS is funded primarify by individual voluntsry donatton5. grants from charitable trusts and insrttutional donors. Results for the Year We are pkased to report particularly high levels of income and charitable spend in 2025-26. Key points are.. Donations, grants an(1 legacy income fell by 28% to £1,420,92312025'. £1,964,157). Significant funding was received for ourwork this year, and in the prior year, at the Duncan Hospital in India and on palliative care development in Rwanda. Our expenditure on charitable attivities increased by 2% to £1.839,52212025'. £1,795,833) larBely due to further projects undertaken atthe Duntan Hospital. Our charitable expenditure accounted for 90% of total expenditure12025: 91%1. Unrestricted funds increased by £18,955 to £886,578 8t the year-end12025: £867,623). Restricted funds balances were £1,459,66612025.. £2,024,2971- These restricted funds are for future planned expenditure on ongoin8 pro8rammes. Investment Policy Our investment portfolio is managed by investment managers in accordance with agreed Critefia approved by the Board. The value of the investment in¢￿ased by £983 to £160,86712025.' £159.8841. The perforniance has been afferted by recent volatility in the equtty markets. In accordance with our Environmentsl Policy, we do not hold investments in companies which we believe are harmful to the climate and/or the environment. In accordance with our Stsndards & Ethics Poliry we do not hold investments in companies invofved in gamblin& tobacco production, manufarture or suppty of akohol, fossil fvels, destrurtion of the envirnnment, animal welfare violations (except animal testing to high we￿are standards and for regulatory purposes onlyl, child labour, poor employment practices, or pornography. Reserves Policy It is the policy of EMMS International to distribute its net income in the form of grants or donations in SLFPPOrt of its objects. It is anticipated that any surplus funds at the close of the year would be distributed in the following year or years, while retaining sufficient accumulated funds to meet all expenditure commitments for at least six mofiths plus any sum needinB to be advanced to institutionally fvnded work. EMMS International Trustee￿ Report For the year ended 31 March 2026 The Trustees have forecast the level of free reserves lundesignated and unrestricted funds) that the charity W511 require to sustain its operations over the period at £511,776. The actual free reserves as at 31 March 2026 were £856,41512025: £822.4931. These additional resources provide an immediate buffer to mitigate anv environmental or economic risk5 that may affect our programmes or organisation, and ensure that we have the resources to take on new projects that may require advance ftsnding to our partners ahead of associated income being received. Risk Management The Trustees have a documented reEister of the risks to which EMMS International is exposed, and the potential impact and likelihood of any of those risks occurring. This is reviewed quarterly by the Leadership Team, Finance Committee and Board. Where changes to the risk framework are highlighted by the changing environment in which the charity operate5, actions are put into place to ensure that the system of management control within the charity continues to meet the needs of the Board to make effective decisions and manaBe exposure to those risks. The major risks to EMMS are summarised below. together with the planned mitigating actions. Risk Miti Cyber-attack - ransomware, data breach, Contrarting out IT SLtpport to a skilled company, Cyber malware. phone scamming Essentials certification and reBular training of staff and trustees. Financial- significant ￿dUCtion in income Income 15 generated from a wide variety of sources- levels or sharp rise in costs result in going pro8ramme payments are made only from received or contern risk committed funds: perfomiance is monitored against the approved Budget and Fundraising Strategy and discussed monthly bythe EMMS staff and quarterly bythe EMMS Board. Operational - EMMS is unable to operate EMMS has a Business Continuity Plan which is updated e.g. due to loss of key systems or office annually. All staff can work remotely with full access to systems which are all backed up remotely. Ineffective Eovernance- board of trustees Annual Board Effettiveness Review and recruitment to fill 5ki115 lack skills, knowledge or time 88PS- trustee induction provided, re8ular Board training e.g. on safeguarding. Plans for Future Periods In India, we shall continue construction of Duncan Hosprtal'scollegeof Nsjrsing, startconstruLtion of its Outpatient Department, and support vylnerable girls into and in healthcare college and into their first jobs. In Malawi, we shall help more women to graduate into healthcare jobs, continue to reduce teenage pregnanties through supporting girls to the end of secondary school, and continue to expand palliative care. In Nepal, we shall make sustainable the palliative care services started in UX Aid-funded Sunita. tontinue to support vulnerable young women into healthcare jobs, and contribute again to elimination of leprosy. In Rwanda, we shall continue to establish models of palliative care, and to expand palliative care. In Scotland, we shall contrilwte to supporting care*xperienced young people in early ca￿er$ in the NHS. In Z8mbia, we shall continue to support the teaching quality of the Msc in palliative care. EMMS International TNsteg Report R*theyearended 31 Marth 2026 Structure. Governante and Management Constitution EMMS International I'EMMS'I is 3 company limried by guarantee and registered in Scotland ISC02244021. It is a registered Scottish charity ISC0323271 and is 8overned by its Memorandum and Articles of As50ciatton. Appolntment and Inductlon of Trustees The Board of Trustees comprises not less than four and not more than twenty TTUStees and held four Board meetings and one Annual General Meeting during the period. TheTrustees are responsible forstewardship of the charty, public accountability and development of an appropriate strategy. Day-to-day responsibility for the operation and management of the charrty is delegated to the Chief Executive. Upon appointment, trustees are provided with induction and then with ongoing tr3ining on key areas such as safe8uardin8. £MMS staff provide training to address any gaps identified. Trustees are appointed by the Board through a noMinat￿n process, as detailed in the Artic￿5 of Association and supplemented by selectton and electv)n policies as deflner5 by the Board. The Chair of the Board of TrLtstees is one of the Trustees. Trustees serve for a period of th￿e years before havingto Submitthemse￿es for reelertion. A maximum term for any Twstee is nine years, at which point they must stand down for a period of at least one year before ￿Ing eligible for re-election. Tnjstees may be appointed to sub-committees reporting to the Board. In addition, the Board may establish time- limited project groups to deal wrth specifK issues as require(l. The sub-committees are the Finance. Audr( and Investment Comm￿tee and the Safeguarding Committee. A new Fundraising Committee is bein8 formed. Remuneratlon of Key Management Personnel The CEO'S ￿MUneratIon is decided by the Board. All staff salaries are considered by the Board for a cost-of-INing increase annually. io EMMS International Trustee< Report Fortheyearended 31 Mavth 2026 Reference and Administrative Detai15 Scottish Charty number: Company number.. SC032327 SC224402 Trustees: Neil Francis Ann McKechin Dr Helen Morrison Tawachi Nyasulu Calum Gubby Joel Popoofa Lord James Wallace Dr Oanielle De Zeeuw Rev Jack Holt (Chairl Ire5igned 20 October 20251 IresiBned 11 June 20261 (resigned 16 September 20251 Company Secretary: Christian Owens Key management personnel: Registered office and operatKJn31 address.. Dr Catherine Ratcliff Chief Executive 57 Albion Road Edinburgh EH7 SQY Senior StstLrtory Auditor: Kevin Cattanach Independent auditor5: Whltelaw Wells Chartered Accountants 9 Ainslie Place Edinburgh EH3 6AT Solicitors Thorntons ctywint, 3 Floor 65 Haymarket Terrace Edinburgh EH12 5HD Bankers Bank of Scotland PO Box 17235 Edinburgh Investment managers Rathbone Investment Management George House 50 George Square Glasgow, G2 IEH li EMMS International Tntste￿ Report For the year ended 31 March 2026 Stètement of Trustees. Responslblllties The Trustees, who are also director5 forthe purposes o*company law, are responsible for preparing the Trustees, Report and the financial statements in accordance wf(h applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of its income and expenditure for the year. In preparing these financial statements, the Trustees are required to- select suitable accounting policies and apply them consistentlv: ObSe￿e the method5 and prinCip￿S in the Charities SORP- make judgements and estimate5 that are reasonable and pruderbt- state whether applicable UK Atcounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the Boing concem basis unless it is inappn)priate to presume that the charity will continue in operation. The Trustees are responsible for keeping adequate accounting records that disclose with rea9)nable accuracy at anytime the financial position of the charity and enab￿ them to en5urethat the financial statements cornp￿ with the Companies Art 2006, the Charities and Trnstee Investment Istotlandl Act 2(￿15 and the Charities Accounts Iscotlandl Regulations 2LK)6 las amendedl. They are restx)nsible for Safeguarding the assets of the charity and for taking reasonable steps for the preventKJn of fraud and other irregularities. In preparing this report the Trustees have taken advantage of the small companies, exemptions provided by Section 415A of the Companies Act 2006. Statement as to disdosure of information to auditor$ The Trustees have taken all the necessary steps to make themsefves aware of any relevant audit information and to establish that the auditors are aware of that information. A5 far as the TrLtstees are aware. there is no relevant information of which the charity's auditors are unaware. This report was approved by the Board of Trustees on 23 June 2026 and signed on their behalf by.. Ann McKechln Vice-chair 12 EMMS International INDEPENDENT AUDITORS, REPORTTO THE MEMBERSAND DIRECTORS OF EMMS INTERNATIONAI FOR THE YEAR ENDED 31 MARCH 2026 Oplnlon We have aydited the financial statements of EMMS International Ithe'charitable company'l forthe year ended 31 March 2026, which comprise the Statement of Financial Attivities (incorporating the Income and Expenditure Account), the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accountin8 policies. The financial reporting framework that has been applied in their preparation is applitable law and United Kingdom Accounting Standards, incltjding FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, Iunited Kingdom Accounting Generally Accepted Accounting Practice). In our opinlon the financial statements: give a true and fair view of the state of the charitable company's affairs as at 31 Marth 2026 and of its income and expenditure for the year then ended; have been properly prepared in accordance with United Kingdom Generalty Accepted Accounting Practi￿,. and have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment Iscotlandl Act 21K)5 and regulation 8 of the Charities Accounts (Scotlandl Regulations 2006 las amended). Basis for opinion We condurted our audit in accordance with International Standards on Auditing IUKI11SAs UKI and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements sertion of our report. We are independent of the ch8rstable company in accordante with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and hppropriate to provide a basis for our opinion. Concluslons relating to going Concern In auditing the financial statements, we have concluded that the trustees, Iwho are also the dirertors of the company for company law purposes) use of the going concern basis of accounting in the preparation of the finoncial statements is oppropriate. 8ased on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast Significant doubt on the company's abiltty to continue as a going concern for a period of at least twelve months from when the financiol statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with ￿SpeCt to 8oing concern are described in the relevant sections of this report. 13 EMMS International INDEPENDENT AUDITORS, REPORT TO THE MEMBERS AND DIRECTORS OF EMMS INTERNATIONAL (continued) Other information The other information comprises the information in the annu81 report, other than the financial statements and our auditorfs report thereon. The trustees are responsible for the other information contair)ed within the annual report. Our opinion on the finantial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not exp￿55 any form of assurance conclusion thereon. Our responsibility to 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 othernise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the *inancial statements themselves. If, based on the work we have perfomied, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Oplnions on matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the infomiation given in the director5, report, prepared forthe purposes of Company law and included in the report of the trustees, for the financial year for which the financial statements are prepared is consistent with the financial 5tatements- and the difector5' report, included with the report of the trustees, has been prepared in accordance with applicable legal requirements. Matters on whlch we are requlred to report by exception In light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the dirertors. report, included in the report of the trustees. We have nothin8 to report in respect of the following matters in relation to which the Companies Act 2CK)6. Charities and Trustees Investment (Scotlandl Art 2005 and the Charities Account5 (Scotlandl Regulations 2006 las amendedl requires us to report to you if. in our opinion-. adequate and proper accounting records have not been kept: or the financial statements are not in agreement with the accounting records: or certain disclosures of trustee￿ 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 accordance with the small companies regime and take advantage of the small companies. exemptions in preparing the directors, report, included within report of the trustees, and from the requirement to prepare a strategic report. 14 EMMS International INDEPENDENT AUDITORS, REPORT TO THE MEMBERS AND DIRECTORS OF EMMS INTERNATIONAL {continuedl Responsibilities of trustees As explained more fully in the trustees, reswjnsibilities statement set out on page 12 , the trustees (who are also the directors of the choritsble 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 p￿paratIOn of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the chartty's ability to continue as a going concern, disclosing, a5 applicable, matters related to going concern and using the going concern basis of accountinB unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternatwe but to do so. Audltor's responslbllltles for the audlt of the financial statements We have been appointed as auditor under section 44llllcl of the Charities and Trustee Investment Iscotlandl Art 2005 and under the Companies Act 2006 and report in accordance with the Acts and relevant regulations made or having effect thereunder. Our objectNes are to obtain reasonable assurance about whetherthe 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 in attordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatement5 can arise from fraud or error and are considered moterial if, individually or in the aggregate, they could reasonably be expected to influence the economic decision5 of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, includlng fraud, is detailed below: Irregularities, including fraud, are instsnces of non-compliance with laws and regulations. We design procedure5 in line with our responsibilitTres, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Irregularities that result from fraud are inherently more difficuFt to detect than irregularities that result from error. From enquiries of those charged with governance, it was determined that the risk of material misstatement from fraud was low with little scope for fraud to occur. Our audit testing is designed to detect material misstatements from fraud Whe￿ there is not high level collusion. Our audit testing was designed to detert material misstatement5 from other irregularities that result from error where there is not high level concealment of the error. In this regard the following audit work was undertaken.. applicable laws and regulations were reviewed and discussed with management; senior management meeting minutes were reviewed- internal controls were reviewed,. and journals were reviewed. From this audit testing it was detem)ined that the risk of materi81 mi55tatement in this regard was low. We performed income and expenditure testlng which was designed to identify any ]r￿gularItieS as a res￿￿ of mistakes or human error. From this audit testing it was determined that the risk of material mi5Statement in this regard was low. 15 EMMS International INDEPENDENT AUDITORS, REPORT TO THE MEMBERS AND DIRECTORS OF EMMS INTERNATIONAL Icontlnued) A further description of our responsibilities for the audit of the firbancial Statements 15 located on the Financial Reporting Council'5 website at: wwv4.frc.or auditorsres This description forms part of our audttorfs report. Use of our report This report is made solely to the charitable companvs members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2LX)6, and the trustees, as a body, in accordance with section 44llllcl of the Charities and Trustee Investment Iscotlandl Act 2005, regulation 10 of the Charities Accounts (Scotlandl Regulations 2(KJ6 las amended). Our audit work has been undertaken so that we might state to the charitable company's members those matters 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 anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. Kevin Cattanach (Senior Statutory Auditor) for and on behalf of Whitelaw Wells Statutory Auditor 9 Ainslie Place Edinburgh EH3 6AT 23 June 2026 Whitelaw Wells is eligible to act as an auditor in terms of sertion 1212 of the Companies Act 2006. 16 EMMS International ststement of Financial Activlties Ilncorporatln8 Income ?nd Empendlture attountl Fo¥the year ended 31 March 2026 Unrestdrted fvnds IlestrlLted fvnds 2026 Unrestricted IlestrKted Total fvnds funLIs 2025 Total Notès Income and endowments Donations and le8acie5 Charitable activities Investment5 248.160 801.￿1 371,482 1,049A41 371A82 87A05 278.650 919.628 1,198,278 765,879 765,879 83.688 87.405 83,688 Totsl Irbcorne and endowment5 335,665 1.172.663 1,508,328 362.338 1,685,507 2.D47,845 Expendf(ure Raising fund5 214.573 103.120 215,465 1,839,522 187307 80,266 187B67 1,715,567 1,795,833 1.736M02 Total expendlture 317ffi93 1,737,294 2.054.987 268.073 1.715,627 1.983.700 Gains on Investments 12 983 637 637 Net In¢on*llexpendFlurel 18,955 1564,6311 1545,6761 94.902 130,1201 64,782 FraTrsfers between funds 1164,8341 164,834 Net movement Infunds I8￿55 1564.6311 Is45￿76) 169,9321 134,714 64,782 Total funds brought forward 867,623 2￿Z4.297 2,891,920 937.555 1,889,583 2,827.138 Total furbss cawTled forward 886,578 1,459,666 2,346244 8£7,623 2.024,297 2,891,920 Represented by: General fvnd Designated funds Restrlcted funds Totsl fur￿5 15 15 856AIS 30.163 856A15 30,163 IA59,666 2,346,244 822,493 45,130 822,493 45,130 2,024,297 2,024,297 2.024,297 2.891,920 IN59,666 1,459,666 886,S78 867.623 All income and expenditure derivelrom continuin8 attivities. The note5 on pages 20 to 28 form p3rt of these financial statements. 17 EMMS International (Registered No.. 5C2244021 Balance sheet As at 31 March 2026 Un￿strICted Restrltted funds nds 2026 Vnrestricted Restrfrcted Total fund5 funds 2025 Total Notes FTrxed assets Tan8ible assets Investments li 12 1,109 160.867 1.109 I60￿67 1,965 159,884 1,965 159,884 Total flxed assets 161.976 161.976 161,849 161,849 Current a55ets Debtors Cash and cash equivalents 13 22,948 3,516 26,464 732.314 1.459.998 2.192.312 19,150 46,536 65,686 726,552 2,074.395 2.800,947 Totsl cyrrent assets 755.262 IA63.514 2.218.776 745,702 2,120.931 2.866.633 Uabllltles Creditors: tslling due within one year 14 30,660 3.848 34 39,928 96.634 136,562 Net current assets 724,602 1,459,666 2.184.268 705.774 2,024,297 2,730,071 Total assets less current liabllitles 886.578 1.459.666 2B46,244 867.623 2.024,297 2,891,920 Net assets 886,578 IA59,666 2.346244 867,623 2.024,297 2,891.920 Funds of the Charity General fund Designated fund Restricted funds 15 15 856.415 30,163 856.415 30.153 1,459.666 1.459.666 822,493 45,130 822,493 45.130 2,024,297 2.024,297 Total funds 886.578 1,459,666 2346.244 867,623 2,024,297 2,891.920 The flnancial statements have been prepared in accordance with the provisions appltcable to companles Subject to the small companies, regime. The Directors acknowledge their responsibilities for complyln8 wlth the requirements of the Companies Act 2(X)6 with respect to accounting records and preparation of the accounts. The flnanclal statements were approved by the Trustees on 23 June 2026 and si8ned on their behalf by.. Ann McKechln Vice-chair The notes on pa8es 20 to 28 form part of these financial statements. EMMS International Statement of Cash Flows For the year ended 31 March 2026 2026 Total 2025 Total Cash flows from operating activities Net lexpend¢turel/income for the year 1545,6761 64,782 Adlustfvr non-cosh Items.. Depreciation Investment income Net gains on investments Decrease in debtors (Decreasellincrease in creditors 856 187,4051 19831 39,222 1102,OS41 1,507 183,6881 16371 434 69,988 Cash loutflow}/infiow from operating actlvltles {696,0401 52,386 Cash flows from investing artivities Investment income Proceeds from Sale of investments Purchase of investment5 Purchase of tangible fixed assets Cash provided by inve5tin8 activities 87,405 83,688 164.443 158,863 {164,4431 1158,8631 19781 82,710 87,405 Change in cash and cash equivalents in the year Cash and cash equivalents at the start of the year {608,6351 135,096 2AOO,947 2,665,851 Cash and cash equivalerts at the end of the year 2,192,312 2,800.947 The notes on pages 20 to 28 form part of these financial statements. 19 EMMS Internatlonal Notes to the financlal statements Year ended 31 March 2026 l. Accounting Polldes Basis of accounting The financial statements have been prepared in accordance wf(h Accounting and Reporting by Charities.. Statement of Recommended Practite applicable to charIt￿S preparing their accounts in accordance with the Flnancial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS1021 (effective l January 20191 1"Charit￿5 SORP IFRS 102ri and the Companies ALt 2¢X)6. EMMS meets the definition of a public benef￿ entity under FRS 102. The financial statements have been prepa￿￿ on a going concern basis as there are no material uncertainties about the charivs abiltyto continue its operatK)ns. The financial ststements are prepared in sterling which is the fUn¢t￿nal currency of the charity. The principal accounting policies are set out below. l.a Donationsi gr?nts and legacies Donotions ond grants are credited to income on a receivable basis. Institutional income is recognised to match the undertying expen(liture which this income is intended to meet. Legocies are included as income when received or when the charity has been advised that payment of legacy will be made, and the amount invofved can be quantified. Gifv in kind, which comprise donated medical equipment and pro bono consultancy work, are included at valuation which is an estimate of the financial cost borne by the donor where such cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party. l.b Instltutlonal Income Institutional income includes government income received under contrart or where entitlement to grant fundin8 is subject to specific con(iitions and is recognised as earned when the condltions are met and is deferred when not. l.c Other Incorne other income comprlses foreign exchange gains and losses. These fepresent gains and losses arising in respect of non-sterling cash balances and are recorded in the period in which they arise. l.d Investments Incomefrom investments is included when receivable by the charity. l.e Expendlture Expenditure 15 included on an accruals basis, inclusive ot VAT which cannot be recovered. Certain expenditure is directly attributable to specific arttvities and has been included in those cost categories. Other £osts, including governance cost5, are incurred which support all activities or enable activtties to take place. These costs are apportioned between activities in the same proportion as total direct expenditure h85 been incurred in undertaking these activities. Expenditure on r¢7isingfund5 are cost5 inturred in fundraising and investment management. Expendlture on choritoble activittes comprises programme eX￿ndItUre and communication and advocacy costs. 20 EMMS International Notes to the flnanclal statements Year ended 31 March 2026 l.f Tangible fixed assets Tangible fixed assets are stated at cost less depreciation and are depreciated over their expected useful lives as follows.. Computer equipment Other equipment and furniture 33 113 % pa straight line 20% pa stratght line All assets over £500 are capitalised. l.g Investments Quoted investments are independently valued at middle market price a5 at the Balance Sheet date. Gains and 105ses on investments comprise realised 8ains and f05ses and unrealised gains and losses. Realised gains and losses on investments represent the difference between the sale proceeds and the valuation at the previous yearfs balarbce sheet date or, where purchased during the year, cost, and are recorded in the Statement of Financial Activities in the year in which they arise. Unrealised gains andlosses on investments represent the difference between the valuation at the balance sheet date and the valuation at the previous yearfs balance sheet date, or when purchased during the year and recorded in the Statement of Financial Activities. l.h Fund a