Charlty reglstration number 1116805 Company reglstration number 5712581 (England and Wales) BIBLICAL FRAMEWORKS LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 Caladine chartered Certified Accountants
BIBLICAL FRAMEWORKS LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustses P Hawkins K Wright (Chair) P Bowman J Rathbone S Ling Charlty numb8r 1116805 Company number 5712581 Prlnclpal address Unit 2 Martlets Way Goring Business Park Goring by Sea West Sussex BN12 4HF Reglstered offlce 9 Castleview Close London N4 2DJ Independent examlner Colin Dadswell FCA FCCA DChA Caladine Limited Chanty Hou8e 22 Upperton Road Eastbourne East Sussex BN21 1BF Bankers HSBC 196 Oxford Street London W1D 1NT
BIBLICAL FRAMEWORKS LIMITED CONTENTS Page Trustees, report statement of trustees, responsiblllties Independent examine¢s report Statement of financial actlvities Statement of financial positlon Notes to the financial statements 7-16
BIBLICAL FRAMEWORKS LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 29 FEBRUARY 2024 The trustees present their annual report and financial statements for the year ended 29 February 2024. The financial statements have been prepared in accordance with the accounting pollcies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effecbve 1 January 2019)" Objectlves and actlvltle8 The charity's objects are to advanc8 and demonstrate the Christian faith, in particular by the creatlon, publlcation and distribution of educational resources. Publlc 8eneflt The trustees have complied with Ihe duty in section 17{5) of the 2011 Charities Act to have due regard to guidance published by the Charity Commisslon and believe that the objectives and activities of the Charity are for the public benefit. Achlevements and performance Actlvlties durlng 2023124 The Board of Trustees met four times during the 2023124 financlal year. There were no changes In the membership of the Board during the year. During the year, the Board's activities included: Reviewng the financial position and sales and marketing activities. Regularly monitoring of progress against the annual plan and budget. Supporting Paul Blackham's ministry and his employment four days a week with Biblical Frameworks. Paul Blackham's work focused on writing new study guides, supportlng social media campaigns with psts and blogs, and preparing for future filming. Pursuing the charity's strategy to broaden the access to its resources by making all the Book by Book videos available for free on YouTube and other video plalforms. Reviewing the safeguardlng policy in th8 light of recent Thirtyone.'eight recommendations. Reviewing the risk management plan for the charity. Revlew of marketlng actlvlties Sales of the Book by Book DVDS and study guides and associated royalties during the year were £6,468. Key developments during 2023-24 included-. Promoting Book by Book through email marketing promotions and special offers. Promoting all the Book by Book videos available for free access on YouTube and other vldeo streaming platforms such as RedeemTV and UCB Player. Running a campaign in conjunction wlth UCB to promote one study each month. Promoting the podcasts produced and delivered by Paul Blackham. Further developing the digital presence of BibliGal Frameworks on social medla through an ongoing campaign of posts and offers. Reviewing the charity's strategy including taking stock of the current trends in respect of Bible reading and study. Donatlng Book by Book studies to church ministers and mission partners around the world in line with the policy to give away at least 1 Ook of stock. This included donating some 22,000 Book by Book study guwjes to BookAid who in turn sent them around the world to support churches. In Conjundion with TBN UK, filming and broadcasting two new Book by Book video studles: Deuteronomy and Romans. The filming and broadcast costs were covered by a generous donation from The Jerusalem Trust. Financial revlew Total incoming resources were £41,815 (2023= £25,518} and tot81 expenditure was £61,387 (2023.. £57,784) leading to a deficit of £19,572 (2023.. deficit of £32,266) before gains and losses on foreign exchange. Net assets remained strong at £72,68512023'. £92,327) and provide a solid base for future activities.
BIBLICAL FRAMEWORKS LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED FOR THE YEAR ENDED 29 FEBRUARY 2024 Reserves Policy The Board of Trustees has established a policy whereby free reserves held by the charty should be maintained at a minimum of £5,000. Reserves remained well above this level during the year. Rlsk Management The Board of Trustees malntains a plan to address Ihe risks to whl¢h a small charlty operdtlng wrth no or lew employees is expos6d. Appropnate procedures are in place to identify, monitor and review these risks on a regular basls. Plans for futur• perlod• Plans for 2024125 Tho plans for the forthcomlng yèar Include.. Filming a six eplsode study of Co106sian$ and a ten Épisode study of H8bréws with TBN UK which in turn wlll ali be broadcast on the Freeview and Sky platfoms. Making all the new video studies available on the charity's YouTube channel. Applying for furthèr grants to cover the cost of fllmlng. Running marketing campaigns to attract naw Customers, addltional sales and Increased donations. Holding an in person supporters, event. Exploring the scope for additional broadcast and stream.ing ¢ov8rage of the Book by Book vid805, Contlnulng to donate stock to Chrfsllan mlnistries, mlssion partners, and relevant dlstributors. In plannlng futur• actlvltl88, the Board of Tru8toe• hai had rogard to the guldance ori publlc,b"ahrft i$8iJed by th• Charty Commission. structure, governance and managemeht The charlty is a .company limlted by guarantee, Incorpord'ted on 16. Feb"ruary 2006," and. ts govemed by tts Memorandum and Artlcles of Assoclation. The accouhtsbilty for the ooveTnance of the charlty'r.¢sts.wth the Board of Trustees that meets regularly to:monltor the.activltses of the charty, develop pollcy. and plan5. and take operattorial deGlslons. New Trtsstees with 9Uftable.gifts and experience are app.ointed:at khe'discrétlon of I'he existlrig Truste'es. Approprfate Induction and tralnlng proce'dures are.followed.:None of the TN-stees'have anyibeneficial Interést ID tho.coinpany'AI of the Trustees are members of the company.,and guarantee to ¢ontribute".up.to:'£! [nitlie:evént,01 a Y4jnding &p. Th8 trustees, who are also the dlreGtors'for the,purpose of.'company law,. and wh'o served,durin9 th• year and"up,to the dats of signature of the financial ststements-.were:. P Hawkins K Wright (Ch8lr) P Bowman J Rathbone S Ling The trustee5' report W8S approved by the Board of Trustees, P Hawkin5 Trustee Date.. .
BIBLICAL FRAMEWORKS LIMITED STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 29 FEBRUARY 2024 The trustees. who are also the directors of Biblical Frameworks Limited for the purpose of company law, are responsible for preparing the Trustees, Report and the financial statements in accordance with 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 the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently-, observe the methods and principles in the Charities SORP., - make judgements and estimates that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements,. and prepare the fin8nclal statements on the going concern basis unless it Is Inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeplng adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
BIBLICAL FRAMEWORKS LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BIBLICAL FRAMEWORKS LIMITED I report to the trustees on my examination of the financial statements of Biblical Frameworks Limited (the charity) for the year ended 29 February 2024. Responsibllltles and basls of report As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 20C6 {the 2006 Act) Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charty's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examlner's statement I have completed my examination. I confirm that no matters have come to my attention In connection with the examination giving ma cause to believe that In any materlal respect: accounting records were not kept in respect of the charlty as required by section 386 of the 2006 Act; or the financial statements do not accord with those records- or the financial slatements do not comply with the accounting requirements of sectlon 396 of the 2006 Act other than any r8quirement that the accounts give a true and fair view vthich is not a matter consldered as part of an independent examination., or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Praclice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK arKI Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connectlon with the examination to which attention should be drawn In this report in order to enable a proper understanding of the financial statements to be reached. Colln Dadswoll FCA FCCA DChA Caladlne Llmlted Caladine Limited Chantry House 22 Upperton Road Eastbourne East Sussex BN21 1BF Dated.. 18 November 2024
BIBLICAL FRAMEWORKS LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 29 FEBRUARY 2024 Unrestrlcted Restrlcted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Totsl 2024 2023 Notes Income from: Donations and legacies Charitsble activities Investments 3,340 8,271 839 31,365 34,705 6,271 839 2,775 4,225 209 18,309 21,084 4,225 209 Totsl Income 10,450 31,365 41,815 7,209 18,309 25,518 Expendfture on: Charltable activities 16,735 44,652 61,387 27,890 29,894 57,784 Totsl axpendlture 16,735 44,652 81,387 27,890 29,894 57,784 Net oxpendlturo 16,285) (13,287) (19,572) (20,681) (11,585) (32,266) Transfers beteen funds 17 (12,752) 12,752 (11,585) 11,585 Other recognlsed galns and losses: Other gainsl(losses) 12 (70) (70) 132 132 Net movement In funds (19,107) (535) (19,6421 (32,134) (32,134) Reconcillatlon of funds: Fund balances at 1 March 2023 91,792 535 92,327 123,926 535 124,461 Fund balances at 29 February 2024 72,685 72,685 91,792 535 92,327 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
BIBLICAL FRAMEWORKS LIMITED STATEMENT OF FINANCIAL POSITION AS AT 29 FEBRUARY2024 2024 2023 Noles Current assets Inv6ntorles Trade and other receivables Cash at bank and In hand 13 14 11,695 6,912 58,172 18,302 6,254 72.434 Current Ilabllftle8 76.779 14,094) 94,990 (2,663> 16 Net current assets 72.685 92,327 Th¢ funds of the charlty Restrlcted Income funds Unrestrlcted funds 17 535 91,792 72,686 72,685, . 92,327 The'¢ompany'ls entitled to the 6xemption.fr,om th'e a'dIt,[8Qu[r0rnent Contained ID Sectlon 4.77 oftho Companlos Act,. 2006, forthe year ended 29 Fèbruary 20a4. The directors acknowledge lli$ir responslb-ililies for cbmplyirig With, the iequlrements of the. Compan185 Act, 2006 ' with, respect to accounting r.eGords.'and Ihe,prépaTatlon of,finanolal statements. The mèrribers hav.e not.required the company, to obtsin an 8udlt'ot.Its financlal statements for the year In que0 In . Bccordance. Wtth seotion.476..' fo the,,small.¢ompanlèS'regiMe. P Hawkins TNstse
BIBLICAL FRAMEWORKS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUAR Y 2024 Accountlng policles Company Informatlon Biblical Frameworks Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 9 Castleview Close, London, N4 2DJ. 1.1 Accountlng conventlon The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association the Companies Act 2006 and °Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102), (as amended for accounling periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 UpdaÈ Bulletin 1 not to prepare a Statement of Cash Flows. The finanryal statements are prepared in sterling, vthich is the functional currency of the charrty. Monetary amounts in these financial statements are rounded lo the nearest £. The financial statements have been prepared under the hlstorical cost convention. The principal accounting policies adopted are set out below. 1.2 Golng concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operalional existence for the foreseeable future. Thus the trteeS continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitsble objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Income Cash donations are recognised on receipt. Olher donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under GiftAid or deeds of covenant is recognised at the time of the donation. Legacies are recogni5ed on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. Income from sale of Christian resources is recognised as receivable, net of VAT and other sales related taxes.
BIBLICAL FRAMEWORKS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 29 FEBRUARY 2024 Accounting policies (Continued) 1.5 Expendlture Expenditure is recognised On there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits wlll be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of dir&t costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared c',osts which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basi8 of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Property, plant and equipment Property, plant and equipment are initially measured at Cost and subsequently measured at cost or valuation, net of depreciation and any impaiment losses. Depreclatlon is recognised so as to write off the Cost or valuatlon of assets less their residual values over their useful lives on the following basis: Computers 20 % straight line At the balance sheet date all assets were fully depreciated. The gain or loss arising on the disposal of an asset is determined as the difference beMeen the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Invontorle8 Inventories are stated at the lower of cost and estlmated sélling price less costs to complete and sell. Cost comprises dlrect materials and, where applicable. direct labour costs and Ihose overheads that have been incurred in bringing the inventories to their present location and condition. Items held for dislribution at no or nominal consideration are measured the lower of replacement cost and cost. Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution. 1.8 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Flnanclal instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
BIBLICAL FRAMEWORKS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 29 FEBRUARY 2024 Accounting pollcies (Contlnued) Baslc financial assets Basic financial assets, which include trdde and other receivables and cash and bank balances, are initially measured at transadion price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilltles Basic financial liabilities, including trade and other payables and bank loans are initially recognised at Iransaction price unless the arrangement constitutes a financing Ifansaction. where the debt inslrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt Instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade payables are obllgations to pay for goods or services that have been acquired in the ordlnary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised Initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognltion of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.10 Employee beneflts The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.11 Retiremont beneflts Payments to defined contrlbution retlrement benefit schemes are charged as an expense as they fall due. 1.12 Forelgn exchange Transactions in currencies other than pounds sterllng are recorded at the rates of exchange prevailing at the dates of the transactions. Crltlcal accountlng estlmates and Judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The ests'mates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects tLY that period, or in the period of the revision and future periods where the revision affects both current and future periods.
BIBLICAL FRAMEWORKS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 29 FEBRUARY 2024 Income from donations and legacles Unrestrlcted Restrlctsd funds funds 2024 2024 Totsl Unrestrlcted Restrlcted funds funds 2023 2023 Total 2024 2023 Donations and gifts 3.340 31.385 34,705 2,775 18,309 21,084 Donatlons and glfts Donations Tax recoverable 3,340 27,441 3,924 30,781 3,924 2,340 435 15,654 2,655 17,994 3,090 3,340 31.365 34,705 2,775 18,309 21,084 In¢ome from charltable actlvltle8 Unrestrlcted Unrestrfcted funds funds 2024 2023 Charltable actlvltles Sale of goods 6,271 4,225 In¢ome from Inv•stm•nts Unmtrl¢ted Unrestrfctod funds funds 2024 2023 Interest receivable 839 209 10-
BIBLICAL FRAMEWORKS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 29 FEBRUARY 2024 Expenditure on charitable actlvltles Charitsble activities Charitable activities 2024 2023 Dlrect costs Staff costs Depreciation and impairment Film production costs study guide production Study guide stock decrease (increase) DVD stock decrease (increase) Illustrations DVD production costs Postage and delivery Warehouslng Fundraising & publicity Small equipment 30,499 29,894 142 13,500 1,266 (1,600) 6,953 200 106 1,297 4,390 414 201 2,390 14,644 112 144 602 5,880 419 57,226 54,227 Share of support and governance costs (see note 7) Support Govemance 1,768 2,393 1,076 2,481 61,387 57,784 Analysis by fund Unrestrlcted funds Restricted funds 16.735 44,652 27,890 29,894 61,387 57,784 11
BIBLICAL FRAMEWORKS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 29 FEBRUARY2024 Support costs allocated to activitlos 2024 2023 Office costs Business meetings and expenses Bank and Paypal charges IT and telecommunications Sundry expenses Governance costs 475 902 205 642 19 2,393 152 423 2,481 4,161 3,557 Charitable activities 4,161 3,557 2024 2023 Govèrnance costs comprfse: Legal and professional Accountancy and Independent Examination Bookkeeping and payroll costs 563 1,450 380 526 1,400 555 2,393 2,481 Net movement In funds 2024 2023 The net movement in funds is stated after charglngl(crediting): Depreciation of owned property, plant and equipment 142 Trusts88 None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. The aggregate donations received from the Trustees during the year were £2,400 (2023: £3,250) 12-
BIBLICAL FRAMEWORKS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 29 FEBRUARY2024 10 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number Employment ¢osts 2024 2023 Wages and salarles Other pension costs 25,418 5,083 24,912 4,982 30.499 29,894 There were no employees whose annual remuneration was more than £60,000. 11 Taxatlon The charity is exempt from taxation on its activltles because all Its income is applied for charitable purposes. 12 Other galn8 and losses Unrestrlcted Unrestrlcted funds funds 2024 2023 Gainsl(losses) upon: Forelgn exchange 70 (132) 13 Inv•ntorles 2024 2023 Finished goods and goods for resale 11,695 16.302 14 Trade and other recelvables 2024 2023 Amounts falllng due within one year: Trade receivables Other receivables Prepayment5 and accrued income 156 8,098 6,586 326 6,912 6,254 13-
BIBLICAL FRAMEWORKS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 29 FEBRUAR Y 2024 16 Current Ilablllties 2024 2023 other taxation and social security Trade payables Accruals and deferred income 424 1,600 2.070 888 375 1.400 4,094 2,663 16 Retlrement benefit schemes 2024 2023 Deflned contrlbutlon schemes Charge to profit or loss in respect of defined contrfbution schemes 5,083 4,982 The charity oparates a defined contrlbution penslon scheme for 811 qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. 14-
BIBLICAL FRAMEWORKS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 29 FEBRUARY 2024 17 Restrlcted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific condib'ons by donors as to how they may be used. At 1 March 2023 Incoming resources Resources expended Transfers At29 February 2024 Paul Blackham Ministry Fund Deuteronomy Study Romans and Colossians filming 21,365 {31.152) (535) (12,965> 9.787 535 10.000 2,965 535 31,365 (44,652) 12,752 Prevlous year: At 1 March 2022 Incomlng Resources resources expended Transfers At28 February 2023 Paul Blackham Ministry Fund Numbers Study Deuteronomy Study 18,309 (29,894) 11,585 (535) 535 535 535 535 18,309 29,894 11,585 535 Paul Blackham Mlnlstry Fund The purpose of the fund is supporting the ministy of Paul Blackham. In 2023-24 more resources were spent on thls support than Income received - a transfer from general funds covered thls deficit. Numb•r8 Study During the year ended 28 February 2019 a grant of £16,000 was received to fund the crealion of a study guide on the book of Numbers. There remained a balance on the fund of £535. It was agre8d with the grant giver that these remaining funds can be spent on a 'similar projert and the Trustees decided to use them to produce a study guide on the book of Deuteronomy, A transfer was made to this effect in 2022-23. Deuteronomy Study Left over funds from the Numbers Study project will be used to create a new Deuteronomy study guide. Romans and Colossians Filmlng A donation was received to assist with filming new materials on the books of Romans and Colossians. Filming took place during the year to create these new resources and all funds were spent. A transfer from unrestricted funds was required to cover some of the costs. 15-
BIBLICAL FRAMEWORKS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 29 FEBRUARY 2024 18 Unrestricted funds The unrestricted funds of the tharity comprise the un8xpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted ndS by the trustees for specific purposes. At 1 March 2023 Incomlng resources Resources expended Transfers Galns and At29 losses February 2024 General funds 91,792 10,450 (16,735) (12,752) {70) 72,685 Prevlous year: At 1 March 2022 Incomlng resources Resources expended Transfers Galns and At28 1088es February 2023 General funds 123,926 7,209 (27,890) (11,585) 132 91,792 19 Analysls of net assets between funds Unrestr5cted fund8 2024 Restrlcted funds 2024 Total 2024 At 29 February 2024: Current assetsl(liabllities) 72,685 72,685 72,685 72,685 Unrestrlcted funds 2023 Restrfcted funds 2023 Total 2023 At 28 February 2023: Current assetsl(liabilities) 91,792 535 92,327 91,792 535 92,327 20 Related party transactlons There were no disclosable related party transadions during the year (2023 - none). 16-