Echoes International Reserves Policy
Echoes International receives and distributes gifts received for mission support and specific mission projects. Specified gifts for Mission Partners are distributed monthly. Undesignated gifts are held in a discretionary pool and distributed at regular intervals to all commended Mission Partners listed on the Daily Prayer Guide (published annually).
A formula is used to govern the distribution of these undesignated funds, which is based on marital status, family size, average earnings in the UK and the UN cost of living index for country of service. Although there is no contract with any Mission Partner to provide a set level of support, in reality, for a large number of the Mission Partners, these funds will represent a substantial proportion of monthly income.
Funds are also received and distributed for specific purposes at the discretion of Trustees.
Typically, these cover the following –
Medical support, Mission support, National Workers, Training, Disaster & Poverty Relief, and Strategic Projects.
These funds are also distributed on a regular basis (generally twice a year), and in view of the nature of some of the works supported (e.g. hospitals), and the purpose of the funds, reserve balances are held to ensure a continuing level of support.
We also use the funds held at the discretion of the Trustees to run the operation of Echoes International & support the revenue and capital needs of the charity.
Income levels for Echoes International works on the principle of “Faith in God to provide” and as such we do not make appeals for funds or communicate specific financial needs. Whilst this is our core model of operation we also must meet with the expectations of the Charity Regulators in relation to the ongoing needs of the charity in meeting its obligations to mission partners, employees and key beneficiaries.