Charity registration number 1116805 (England and Wales)
Company registration number 5712581
BIBLICAL FRAMEWORKS LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
Caladi Chartered Certified Accountants
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BIBLICAL FRAMEWORKS LIMITED
STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 28 FEBRUARY 2025
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 financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping 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.
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9 9 9 9 9 9
; 7,643 =D! 8= 46,806 3,340 = !=8$ 34,705
8 5,968 - 5,968 6,271 - 6,271
- 784 - 784 839 - 839
14,395 =D! 8= 53,558 10,450 = !=8$ 41,815
/ 11,293 36,478 47,771 8!E=$ 44,652 61,387
11,293 36,478 47,771 8!E=$ 44,652 61,387
3,102 2,685 5,787 (6,285) (13,287) (19,572)
<= "$!D$$% $!D$$ - (12,752) 12,752 -
<+ (34) - (34) (70) - (70)
> (2,887) 8,640 $!E$= (19,107) "$=$% (19,642)
2024 72,685 - 72,685 91,792 $=$ 92,327
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BIBLICAL FRAMEWORKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025
Accounting policies (Continued)
Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction 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 liabilities
Basic financial liabilities, including trade and other payables and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument 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 obligations to pay for goods or services that have been acquired in the ordinary 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.
Derecognition of financial liabilities Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits 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 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.12 Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions.
2 Critical accounting estimates 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 estimates 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 only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
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| funds | funds | funds | funds | ||
|---|---|---|---|---|---|
| &'&( | &'&( | &'&( | &'&) | &'&) | &'&) |
| * | * | * | * | * | * |
| 7,643 | 39,163 | 46,806 | 3,340 | 31,365 | 34,705 |
| 6,250 | 34,444 | 40,694 | 3,340 | 27,441 | 30,781 |
| 1,393 | 4,719 | 6,112 | - | 3,924 | 3,924 |
| 7,643 | 39,163 | 46,806 | 3,340 | 31,365 | 34,705 |
| activities | |||||
| Unrestricted | Unrestricted | ||||
| funds | funds | ||||
| &'&( | &'&) | ||||
| * | * | ||||
| 5,968 | 6,271 | ||||
| Unrestricted | Unrestricted | ||||
| funds | funds | ||||
| &'&( | &'&) | ||||
| * | * |
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|25,416|
|5,353|5,083|
|30,499|
|purposes.|
|Unrestricted|
|funds|funds|
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|34|70|
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|11,695|
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%
%
"#"$ %
"#"$ %
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"#"$ resources expended February 2025
% % % % %
- 26,163 (32,118) 5,955 -
- 13,000 (4,360) - 8,640
- 39,163 (36,478) 5,955 8,640
Incoming Resources Transfers At 29
"#"6 resources expended February 2024
% % % % %
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"#"$ resources expended losses February 2025
% % % % % %
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| March | Incoming | Resources | Transfers | Gains and At 29 |
Gains and At 29 |
|---|---|---|---|---|---|
| "#"6 | resources | expended | lossesFebruary 2024 | ||
| % | % | % | % | % | % |
| 91,792 | 10,450 | (16,735) | (12,752) | (70) | 72,685 |
| between | funds | ||||
| Unrestricted | Restricted | Total | |||
| funds | funds | ||||
| 2025 | 2025 | 2025 | |||
| % | % | % | |||
| 69,798 | 8,640 | 78,438 | |||
| 69,798 | 8,640 | 78,438 | |||
| Unrestricted | Restricted | Total | |||
| funds | funds | ||||
| "#"$ | "#"$ | "#"$ | |||
| % | % | % |