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2022-12-31-accounts

Trustees’ Annual Report for the period

From 1 January 2022 To 31 December 2022

Charity name: Bible Fellowship Union

Charity registration number: 1064607

Objectives and Activities

SORP
reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 To promote the study of the Bible as the Word
of God
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.		 Para 1.17
and 1.19		 Producing the Bible Study Monthly magazine
six times a year and sending out our literature
online and offline.
Our affiliate Bible Students Fellowship has an
annual conference.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 Our magazine and literature is free on request
to the public, as advertised in national
magazines, online ads and our website.

Additional information (optional) You may choose to include further statements where relevant about:

SORP
reference
Policy on grant making Para 1.38 n/a
Policy on social investment
including program related
investment		 Para 1.38 n/a
Contribution made by
volunteers		 Para 1.38 Our volunteers contribute by proof reading and
updating our website with material from our
magazine or literature.
Other

Achievements and Performance

SORP
reference		 SORP
reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 BFU has produced about 600 copies of each
issue and sent out 400 pieces of Bible-based
literature.
We have and increasing readership of our
magazine as a pdf.
On average we had about 20 trial readers per
issue for our magazine.
Our affiliate, Bible Students Fellowship had a
successful conference in 2022 at High Leigh
Conference centre.
Additional information (optional)
You may choose to include further statements where relevant about:
Achievements against
objectives set		 Para 1.41 n/a
Performance of fundraising
activities against objectives
set		 Para 1.41 n/a
Investment performance
against objectives		 Para 1.41 n/a
Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 There is a cash outflow of about £10,000 on the
core activity on the magazine in 2022. This was
expected. There is still £71,623 on the Balance
Sheet in our bank accounts.
Our affiliate Bible Students Fellowship had a
large donation of £33,286 from the closure of the
Warrington Bible Students account to increase
their bank balance to £35,161 at the year end.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 No reserves policy. There is a working, non-
official policy to have reserves for BFU for £8,000
to £10,000 for expected cash flow issues
between expected donations and running
expenses.
Additionally there is a similar policy for our
affiliate Bible Students Fellowship in case they
have a need to pay for the accommodation at the
annual in-person conference. That is estimated
to be up to £8,000 annually.
There is a plan for formalise this policy.
Amount of reserves held Para 1.22 £21,035 for Bible Fellowship Union
£35,161 for Bible Students Fellowship
In the medium-term there was a reserve of
£47,583 as at 31 December.
Reasons for holding zero
reserves		 Para 1.22 n/a
Details of fund materially in
deficit		 Para 1.24 n/a
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 n/a
Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant about:
The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47 Donations from the readers of Bible Study
Monthly principally at the end of the year with the
renewal notices.
Occasionally there are legacies.
Our affiliate receives funds from attendees of
their conference.
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46 The investment policy is to earn interest on the
funds but not having funds tied up for more than
one year in fixed rate accounts.
A description of the principal
risks facing the charity		 Para 1.46 Regular donations are less than the annual
running costs with falling readers and an ageing
readership are a medium-term issue.
Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant about:
The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47 Donations from the readers of Bible Study
Monthly principally at the end of the year with the
renewal notices.
Occasionally there are legacies.
Our affiliate receives funds from attendees of
their conference.
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46 The investment policy is to earn interest on the
funds but not having funds tied up for more than
one year in fixed rate accounts.
A description of the principal
risks facing the charity		 Para 1.46 Regular donations are less than the annual
running costs with falling readers and an ageing
readership are a medium-term issue.

The constitution states when unsolicited donations are exhausted BFU will dissolve. Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)
Para 1.25		 Constitution under Charities Act 1992 or any
statutory re-enactment or modification of that
Act.
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 Unincorporated Association
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 New trustees are invited by existing trustees.

Additional information (optional) You may choose to include further statements where relevant about:

Policies and procedures
adopted for the induction
and training of trustees		 Para 1.51
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51 The charity operates by the three trustees with
volunteers for proof reading and updating the
website.
Relationship with any
related parties		 Para 1.51 Our affiliate Bible Students Fellowship operates
with a committee of currently three people but up
to six elected committee members.
Other

Reference and Administrative details

Charity name BIBLE FELLOWSHIP UNION
Other name the charity uses BFU
Registered charity number 1064607
Charity’s principal address 12 STANLEY GARDENS,
TRING
HP23 4BS

Names of the charity trustees who manage the charity

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20		 Trustee name Office (if any) Dates acted if
not for whole
year		 Name of person
(or body)
entitled to
appoint trustee
(ifany)
NICHOLAS CHARCHAROS SECRETARY AND TREASURER
ELAINE GREAVES TRUSTEE
ANTONY PUNNATHARA
KORUTH		 TRUSTEE

– Corporate trustees names of the directors at the date the report was approved

Director name NICHOLAS CHARCHAROS ELAINE GREAVES ANTONY PUNNATHARA KORUTH

Name of trustees holding title to property belonging to the charity

Trustee name **Dates acted if not for whole year **
n/a

Funds held as custodian trustees on behalf of others

Description of the assets n/a held in this capacity Name and objects of the n/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for n/a safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address
adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)
Full name(s)
Position (eg Secretary,
Chair, etc)
Date
NICHOLAS CHARCHAROS

SECRETARY & TREASURER
23 October 2023
23 October 2023

BIBLE FELLOWSHIP UNION

STATEMENT OF ACCOUNTS

YEAR ENDING 31 DECEMBER 2022

BIBLE FELLOWSHIP UNION INCOME AND EXPENDITURE ACCOUNT YEAR ENDING 31 DECEMBER 2022

Income

Expenditure

Income Expenditure
2022 2021 2022 2021
£ £ £ £
Balance In Hand 81,643 89,647 Printing
Donations BS Monthly 3,395 3,155
General 2,787 5,755 Other 496 1,797
Legacies Postage 3,361 4,481
Stationery 315 345
Bank Interest - - Advertising - Offline 2,526 1,398
Investment Gain/(Loss) Telephone, email, web 180 381
Gift Aid 486 Online Advertising 1,994 1,952
Interest CAF 12 Month Saver 400 300 UK Convention
Bible Students Fellowship 1,000 1,000
Interest CAF 60 Day account 60 89 Family Bible Conference
Barclays Bond Maturity Ac Int - - Repairs & Renewals 125
Bank Charges
Balance In Hand 71,623 81,643
84,890 96,277 84,890 96,277

CASH ACCOUNT FOR THE YEAR ENDING 31 DECEMBER 2022

CASH ACCOUNT
FOR THE YEAR ENDING 31 DECEMBER 2022
2022 2021
£ £
Receipts
Donations
General 2,787 5,755
Legacies 0 0
Investment Interest 0 0
Bank Interest 0 0
Investment Gain/(Loss) 0 0
Gift Aid 0 486
Bond Interest 400 300
Interest CAF 60 Day account
Barclays Bond Maturity Ac Int
Payments
Printing
BS Monthly
Other
Postage
Stationery
Advertising
Telephone
Repairs & Renewals
UK Convention
Bible Students Fellowship
Family Bible Conference
Online Advertising
Bank charges
Cash Inflow/ (Outflow)
Balance In Hand at 1 January
Cash Inflow/ (Outflow)
BALANCE SHEET
YEAR ENDING 31 DECEMBER 2022
ASSETS
Bank Account
Barclays Business Savers Account
CAF Deposit Account
Investment Account
CAF Account
Barclays Bond Maturity Account
Postage Floats
LIABILITIES		 0
0
60
89
0
0
3,247
6,630
3,395
3,155
496
1,797
3,361
4,481
315
345
2,526
1,398
180
381
0
125
0
0
1,000
1,000
0
0
1,994
1,952
0
0
13,267
14,634
-10,020
-8,004
81,643
89,647
-10,020
-8,004
71,623
81,643
2022
2021
£
£
9,800
10,003
5
170
11,235
11,175
47,583
57,183
0
112
3,000
3,000
71,623
81,643
0
0
71,623
81,643

I hereby certify that the above Income and Expenditure account and the accompanying Cash account have been examined by me with the books and vouchers and that they are correct and in accordance therewith to the best of my knowledge and belief. Proper books of account have been kept to account for the funds of Bible Fellowship Union.

………………………………..

Accountant/Auditor/Independent Examiner

BIBLE STUDENTS FELLOWSHIP YEAR ENDING 31 DECEMBER 2022

INCOME AND EXPENDITURE ACCOUNT

INCOME
Balance brought forward
Donations Box Offerings
Donations General
Conference Fees
Donation Bible Fellowship Union
Donations Warrington Bible Students
CASH ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER
RECEIPTS
Donations Box Offerings
Donations General
Conference Fees
0
Donations Warrington Bible Students
Donation Bible Fellowship Union
PAYMENTS
-
-
-
-		 EXPENDITURE
2022
2021
£
£
1,399
2,921
Conference Centre Costs
272
Printing
1,157
-
8,399
8,362
High Leigh Deposits
1,000
1,000
33,286
Balance In Hand		 2022
2021
£
£
7,031
9,038
72
63
2,977
2,055
35,161
1,399
45,241
12,555		 45,241
12,555
12,555
2022		 2022
2021
£
£
0
272
1,157
-
8,399
8,362
0
-
33,286
1,000
1,000
43,842
9,634
7,031
9,038
72
63
0
-
2,977
2,055
-
-
Cash Inflow/ Outflow
Balance in Hand 1 January
Cash Inflow/ Outflow
Balance in Hand 31 December		 0
-
0
-
10,080
11,156
33,762
1,522
-
1,399
2,921
33,762
1,522
-
35,161
1,522
-
BALANCE SHEET
YEAR ENDING 31 DECEMBER 2022
ASSETS
Bank Account
Investment Bond
Payments in Advance
LIABILITIES		 2022
2021
£
£
35,161
1,399
0
0
0
0
Nil
Nil
35,161
1,399

I hereby certify that the above Income and Expenditure account and the accompanying Cash account have been examined by me with the books and vouchers and that they are correct and in accordance therewith to the best of my knowledge and belief. Proper books of account have been kept to account for the funds of Bible Students Fellowship,

………………………………..

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