Free Bible Images Ltd Report and Accounts
Year ended 31 December 2021
## **FREE BIBLE IMAGES LTD**
## **COMPANY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2021**
|**Directors/Trustees**|A Bird|
|---|---|
||R Bird|
||R Burn|
||C Manby|
||P Stiff|
||M Tierney|
|**Directors other than Trustees**|P Thompson|
||G Thompson|
|**Company Secretary**|R Burn|
|**Governing Document**|Memorandum and Articles of Association|
||dated 20 March 2012|
||Governing Trustee Document|
||dated 30 January 2013|
|**Company Registration Number**|7998416|
|**Charity Registration Number**|1150890|
|**Registered Office**|20-22 Wenlock Road|
||London N1 7GU|
|**Independent Examiner**|Neville Reid|
||19 Mills Grove|
||London, E14 0RH|
|**Bankers**|Santander|
## **CONTENTS**
||Page|
|---|---|
|Company Information|1|
|Directors’ Report|2–4|
|Independent Examiner’s Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Accounts|8–11|
|Detailed Statement of Financial Activities|12|
1
## **FREE BIBLE IMAGES LTD**
## **REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2021**
The Trustees have pleasure in submitting their Report and Accounts for the year.
## **Objectives and activities**
The objective of the Charity is the advancement of the Christian faith through the provision of free downloadable Bible story images, for the benefit of the public, for use in teaching the Bible in homes, schools, churches and communities around the world.
Our activities include the creation of images (either photographic or illustration) offline which are then loaded onto a website. There are typically 20 or 30 images per story. People globally are able to access the website and download stories or images and use them in teaching. Download conditions protect the images from abuse and give copyright cover where needed.
We create photographic images from film stills or of actors in a photographic studio. They are then enhanced to give a realistic representation of events and of bible stories. We have a network of artists and illustrators contributing sets of Bible story images all licensed for free use for personal and teaching purposes. Each story is accompanied by a story planner to explain the event taking place.
## **Main activities during the year**
The ongoing covid pandemic increased the need for online visual resources for streamed church services and school lessons. FreeBibleimages, with 1,124 free sets of Bible story images built up over the last eleven years, was in a prime position to help Bible teachers around the world. Emerging from the pandemic, we continued to see increased traffic to our site which reached Google Alexa ranking of 73,515 in the world based on visitor numbers and engagement. The average visitor to FreeBibleimages spent 6 minutes 47 seconds on the site. Each month in 2021 we had over 1,500,000 visitors, over 500,000 Bible stories viewed in slide-show mode and over 100,000 sets of images downloaded.
In 2021 we launched 84 new sets of Bible story images. Among our new contributors were Child Evangelism Fellowship (Europe), Jan Van ’t Hoff (paintings of Gospel scenes) and Jeremy Park (3D model images of Bible scenes). FreeBibleimages now has over 50 contributing Christian organisations and artists. Visitors to the site in 2021 were up 13% and pageviews up 20% over 2020. Bible stories read in slide-show view were also up 20%.
In September 2021 FreeBibleimages launched an Arabic website with 250 Bible story sets from the Gospels and Acts. Viewers can click on any Bible story references to read the Bible text in Arabic and also have access to 109 videos in Arabic, Farsi and Urdu showing the Life of Christ Bible stories, by Good News Productions International.
In January 2021 we started the development of new translated sites into Spanish and Portuguese with the help of professional Christian translators. We plan to launch this in the third quarter of 2022 with 800 stories online and more to be added in the months following. We have been granted permission by The International Bible Society to use the online version of NVI – Nueva Version Internacional and Biblia Sagrada, Nova Versão Internacional.
2
## **Volunteers**
We have 18 volunteers using our online translation portal to translate our stories into Polish, Romanian, French, German, Telugu, Hindi, Spanish and Portuguese. The trustees are extremely grateful for their generous services. We engaged the services of 6 Christian translators living in South America, who are being paid on per translated word basis. They are translating our Bible stories and web text into Spanish and Portuguese for new websites in these languages. The trustees would also like to thank those who volunteered in various capacities during our fundraising events in 2021.
## **Public benefit**
The Trustees have complied with the duty to have due regard to the public benefit guidance published by the Charity Commission.
## **Future direction**
We aim to continue the development of translated versions of our website and free Christian Educations resources. Once the Spanish and Portuguese sites we are currently developing are online, the ambition is to create a site in Hindi.
We will continue to locate and work with artists and illustrators around the world willing to contribute their artwork of Bible scenes to the project. These resources will be published on our English site with translations made, via our online translation portal, which can be hosted on our translated sites in Chinese, Arabic, Polish, Romanian, Spanish and Portuguese.
## **Financial Review**
In 2021, income increased by £13,800 compared to 2020, while total expenditure remained about the same. The overall result for the year was a surplus of income over expenditure of £16,900. The Charity ended the year with £35,900 in general reserves and £9,800 in restricted funds.
## **Reserves Policy**
The Charity aims to hold free reserves not less than £14,000, which would be sufficient to cover forthcoming expenditure for 6 months. It has a bank balance that is regularly reviewed by the trustees, and year on year the income broadly matches expenditure. The Charity’s general reserves have increased over the year.
## **Risk Statement**
The charity is not exposed to any major financial risk.
## **Governing documents**
The company's governing documents are the Memorandum and Articles of Association dated 20 March 2012, and the Governing Trustee Document dated 30 January 2013.
## **Governance**
The company is controlled by its Governing Trustee Document and the Memorandum and Articles of Association, and is limited by guarantee, as defined by the Companies Act 2006. The company was incorporated on 20th March 2012.
The policy and operating decisions of the charity rest with the Trustees, who are also directors for the purposes of company law. They meet regularly to monitor the activities of the company.
Paul and Gill Thompson resigned as Trustees in 2018 when it was agreed to pay Paul to lead the work of sourcing, creation and formatting new content. Paul continues to attend Trustee meetings as an advisor but takes no part in decision-making. Because of his prominent role in the company's activities, Paul is still registered as a Director of the company, as is Gill.
3
## **Procedure for appointing Trustees**
Trustees are appointed for a term of 3 years by resolution passed at a special meeting in accordance with the provisions of the Governing Trustee Document.
## **Directors' responsibilities**
Charity law requires us as Directors to prepare financial statements for each accounting year which give a true and fair view of the state of the charity and of its income and expenditure for the year.
1. Select suitable accounting policies and apply them consistently
2. Make judgements and estimates that are reasonable and prudent
3. State whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts.
4. Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business.
We are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the company and enable us to ensure that the financial statements comply with the Companies Act 2006.
We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.
## **Approval**
This report was approved by the Directors/Trustees on 27th September 2022 and signed on their behalf by:
## Alan Bird Robert Burn
4
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF**
## **FREE BIBLE IMAGES LTD**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2021.
## **Responsibilities and basis of report**
As the trustees of the charity (who are also directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company 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 Company’s accounts carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention which give me cause to believe that:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the Charities SORP (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Neville Reid ACA
19 Mills Grove Poplar London E14 0RH
28 September 2022
5
## **FREE BIBLE IMAGES LTD**
## **Statement of Financial Activities FOR THE YEAR ENDED 31 DECEMBER 2021**
|Note
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
3
Investments
3
Total income and endowments
**EXPENDITURE ON:**
Raising funds
5
Charitable activities
5
Total expenditure
**Net income/(expenditure)**
Transfers between funds
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
2021
2021
2021
2020
£
£
£
£
29,400
21,384
50,784
36,958
6
-
6
61
29,406
21,384
50,790
37,019
261
-
261
305
17,913
15,761
33,674
33,611
18,174
15,761
33,935
33,916
11,232
5,623
16,855
3,103
(1,365)
1,365
-
-
9,867
6,988
16,855
3,103
25,948
2,848
28,796
25,693
35,815
9,836
45,651
28,796|
|---|---|
Movements on reserves and all recognised gains and losses are shown above.
The notes on pages 12 form part of these accounts.
6
## **FREE BIBLE IMAGES LTD**
## **BALANCE SHEET AS AT 31 DECEMBER 2021**
|Note
**CURRENT ASSETS**
Debtors
10
Cash at bank and in hand
**CREDITORS:**
Amounts falling due within one year
11
Net Current Assets
**TOTAL NET ASSETS**
**FUNDS OF THE CHARITY**
Restricted funds
12
Unrestricted funds
**TOTAL FUNDS**|Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
2021
2021
2021
2020
£
£
£
£
207
-
207
1,552
40,381
9,836
50,217
30,541
40,588
9,836
50,424
32,093
(4,773)
-
(4,773)
(3,297)
35,815
9,836
45,651
28,796
35,815
9,836
45,651
28,796
-
9,836
9,836
2,848
35,815
-
35,815
25,948
35,815
9,836
45,651
28,796|
|---|---|
_For the year ended 31 December 2021, the company was entitled to the exemption from audit under Section 477 of the Companies Act 2006 relating to small companies._
_The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with Section 476 of the Companies Act - however, in accordance with Section 145 of the Charities Act 2011 the accounts have been examined by an independent examiner whose report forms part of this document._
_The directors/trustees acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts._
_These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the FRS102 Charities SORP._
Approved by the Directors and signed on their behalf on 27 September 2022 by: Alan Bird
## Robert Burn
Company number: 7998416
Charity number: 1150890
The notes on pages 12 form part of these accounts.
7
## **FREE BIBLE IMAGES LTD**
## **Notes to the Accounts FOR THE YEAR ENDED 31 DECEMBER 2021**
## **1 Basis of Accounting**
The accounts have been prepared under the historical cost convention, with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with the 2019 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP(FRS102)), and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), and with the Charities Act 2011.
The trust constitutes a public benefit entity as defined by FRS 102.
The trustees consider that there are no material uncertainties about the Trust’s ability to continue as a going concern.
## **2 Accounting policies**
The following are the accounting policies which have been applied in dealing with material items:-
## a) Recognition of income:
Grants and donations are included in the Statement of Financial Activities (SoFA) when:
- the charity becomes entitled to the resources;
- it is more likely than not that the trustees will receive the resources; and
- the monetary value can be measured with sufficient reliability.
## b) Tax reclaims on donations and gifts:
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be unrestricted income unless the donor or the terms of the appeal have specified otherwise.
## c) Settlement of insurance claims:
Insurance claims are only included in the SoFA when the general income recognition criteria are met, and are included as an item of other income in the SoFA.
## d) Volunteer help:
The value of voluntary help received is not included in the accounts but is described in the Trustees’ report.
## e) Liability recognition:
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources, and the amount of the obligation can be measured with
## f) Funds:
Unrestricted funds are donations and other income received or generated for the objects of the charity without specified purpose and are available for purposes as directed by the Trustees. Restricted funds are amounts received where the donor has specified the purpose for which it should be used.
The company has one restricted fund, for donations received specifically for its Arabic website.
## g) Fixed assets and depreciation:
Fixed assets acquired for use by the charity are capitalised and depreciated over their estimated useful life, unless they cost less than £1,000 in which case they are written off on purchase.
8
**FREE BIBLE IMAGES LTD**
## **Notes to the Accounts FOR THE YEAR ENDED 31 DECEMBER 2021**
## **3 Analysis of income**
|**Donations and legacies:**
Donations and gifts
Gift Aid
General grants provided by other charities
**Charitable activities:**
Sales
**Income from investments:**
Interest income
**Total income**|Unrestricted
Restricted
Total
Total
Funds
Funds
2021
2020
£
£
£
£
21,954
21,384
43,338
27,406
1,446
-
1,446
1,552
6,000
-
6,000
8,000
29,400
21,384
50,784
36,958
-
-
-
-
-
-
-
-
6
-
6
61
6
-
6
61
29,406
21,384
50,790
37,019|
|---|---|
## **4 Donated goods, facilities and services**
The company benefits greatly from the involvement and enthusiastic support of its many volunteers, more details of which are given in the Trustees’ report. In accordance with FRS 102 and the Charities SORP (FRS 102), no monetary value is included in the accounts for the contributions of volunteers.
## **5 Analysis of expenditure**
|**a**
**Raising funds**
Fundraising costs
**b**
**Charitable activities:**
**Direct charitable activities**
Sourcing and creation of content
Translation
IT costs
Web design & maintenance
**Support costs**
Governance costs
Insurance & sundry office costs
**Total expenditure on charitable activities**|Unrestricted
Restricted
Total
Total
Funds
Funds
2021
2020
£
£
£
£
261
-
261
305
261
-
261
305
11,479
6,479
17,958
18,112
-
6,778
6,778
4,786
2,023
-
2,023
1,945
3,262
2,504
5,766
7,433
16,764
15,761
32,525
32,276
400
-
400
400
749
-
749
935
1,149
-
1,149
1,335
17,913
15,761
33,674
33,611|
|---|---|
Support costs are shown in the Statement of Financial Activities as part of the cost of charitable actiities.
9
## **FREE BIBLE IMAGES LTD**
## **Notes to the Accounts FOR THE YEAR ENDED 31 DECEMBER 2021**
|||2021|2020|
|---|---|---|---|
|**6**|**Fees for examination of the accounts**|£|£|
||Independent examiner’s fees: Neville Reid|400|400|
## **7 Paid employees**
The charity has no employed members of staff.
## **8 Trustees**
No remuneration was paid to any trustee during the year nor to any person connected to them. The charity trustees were not paid nor received any other benefits from the charity in the year (2020: £nil), neither were they reimbursed expenses during the year (2020: £nil). No charity trustee received payment for professional or other services supplied to the charity (2020: £nil), except as described in note 9 below. The company received unrestricted donations from its Trustees totalling £1,668 (2020: £2,020).
## **9 Related party transactions**
Paul Thompson is a former Trustee, who remains registered as a Director but takes no part in decisions of the Trustees. He resigned in 2018 when it was agreed to pay him for sourcing and creation of content. The trustees have reviewed the cost of the services provided by him, and are of the opinion that they represent good value when compared to the market.
The amounts payable to Paul Thompson for his services in the year, and the outstanding balances at the year end, were as follows:
|Balance due at year end, included in trade creditors (note 11)
**10**
**Debtors and prepayments**
Tax recoverable
Prepayments and accrued income
**11**
**Creditors: liabilities falling due within one year**
Trade creditors
Accruals
Expenditure incurred in the year|2021
2020
£
£
17,958
17,322
943
987
2021
2020
£
£
31
1,552
176
-
207
1,552
2021
2020
£
£
4,123
2,897
650
400
4,773
3,297|
|---|---|
10
**FREE BIBLE IMAGES LTD**
## **Notes to the Accounts FOR THE YEAR ENDED 31 DECEMBER 2021**
## **12 Funds**
A restricted fund was set up for the first time in 2020 for donations specifically for the Arabic website. A second fund was set up for the South American website in 2021.
## **Movements on Restricted Funds**
|**Movements on Restricted Funds**||||
|---|---|---|---|
||Arabic|S. American|Total|
||website|website||
||£|£|£|
|Balance brought forward 1 Jan 2020|-|-|-|
|Restricted donations|6,893|-|6,893|
|Restricted expenditure|(4,045)|-|(4,045)|
|Balance carried forward 31 Dec 2020|2,848|-|2,848|
|Restricted donations|-|21,384|21,384|
|Restricted expenditure|(4,213)|(11,548)|(15,761)|
|Transfer from General Funds|1,365|-|1,365|
|Balance carried forward 31 Dec 2021|-|9,836|9,836|
|**Analysis of net assets between funds:**||||
|Cash|General
funds
40,381|Restricted
funds
9,836|Total
2021
50,217|
|Other net assets|(4,566)|-|(4,566)|
||35,815|9,836|45,651|
|**Analysis of net assets between funds – previous year:**||||
|Cash|General
funds
27,693|Restricted
funds
2,848|Total
2020
30,541|
|Other net assets|(1,745)|-|(1,745)|
||25,948|2,848|28,796|
## **13 Members**
Each member of the company commits to contribute an amount of £1 if the charity is wound up.
11
## **FREE BIBLE IMAGES LTD**
## **Detailed Statement of Financial Activities with Comparatives**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
|Note
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
3
Investments
Total income and endowments
**EXPENDITURE ON:**
Raising funds
5
Charitable activities
5
Total expenditure
**Net income/(expenditure)**
Transfers between funds
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|Unrestricted Funds
Restricted Funds
Total Funds
2021
2020
2021
2020
2021
2020
£
£
£
£
£
£
29,400
30,065
21,384
6,893
50,784
36,958
6
61
-
-
6
61
29,406
30,126
21,384
6,893
50,790
37,019
261
268
-
37
261
305
17,913
29,603
15,761
4,008
33,674
33,611
18,174
29,871
15,761
4,045
33,935
33,916
11,232
255
5,623
2,848
16,855
3,103
(1,365)
-
1,365
-
-
-
9,867
255
6,988
2,848
16,855
3,103
9,867
255
6,988
2,848
16,855
3,103
25,948
25,693
2,848
-
28,796
25,693
35,815
25,948
9,836
2,848
45,651
28,796|
|---|---|
Movements on reserves and all recognised gains and losses are shown above.
12