FREE BIBLE IMAGES LTD COMPANY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2023 Dlrectorsrrrustees A Bird R Bird R Burn C Manby M TEmey Dlrectors Other than Trustees P Thompson G Thompson Company Secretary RBUM Governing Document Memorandum and ArtiCS of AssociatKsn daled 20 March 2012 Governing Trustee Document dated 30 January 2013 Company Registratton Number 7998416 Charity Reglstralion Number 1150890 Règistered Office 21>22 Wenbxk Road London N17GU Independent Examln•r Nevi18 ReKI 19 Mls Grove London. E14 ORH Bankers Santander CONTENTS Company InformalNJn Directors, Reporl Independent Examner's ReFX)rt Statement of Financral Ace$ Balance Sheet Notes to the Accounts Detaikd Statement of Financial ActwitEs Page 24 11 12
FREE BIBLE IMAGES LTD REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees have aSure Ni submittwig ther ReFM)rt and COUnts for the year. Objectives and a¢tlvitles The objectwe of the Charty is Ihe advancement of the ChrBtian faith through the proviS)n of free down[0adab Bib story images, for the benefft of the public, for use in teaChg the Bible in hornes. schools, churches and communibes around the workl. Our aciwittes in¢hJde the cr8alwM of Mages (either ph0tc9raph or ilustrat)n) offline which are then loaded ¢Mto a website. We also encourage Chri81ian artists and organisations to donate to the project sets of Bil)le story images they have created. They choose a Creative Commons ficence under which we can distribute them for free use in teaching or define their own terms of download to protect their images from abuse and gwe copyrvJhl cover where needed. We have 58 contributing Christian artists and organisat)ns witt) more beiig added each year. There are typalty 10 to 30 images StY. P60ple gk)baty are able to access the website and freety downbad stories or images and use them in teaching. The irna9es can aL80 be projected INe from the site in slKltrshow vW from phones, tsblets, or computers to Larger screens via Bluetooth or other airpLay technok)Js. Maln activities durlng the year 2023 has been a very busy year with 139 new Bble story sets of images added to the English site. The Chinese site has seen a growth of 26010 and we added 98 new sets in Simpbfied Chinese. A further 23 sets were added lo the Arab site by a new a Christian translator in Egypt. Wrth the help volunteer translators, we added 78 new sets to the Spantsh site. 42 to the Portuguese stte and 36 to the Polish site. A kst of time and resources was veSted creating a new sile in Hindi whh launched with over 700 translated Bib story sets in Octcl)er. We were greaty asststed in this task by AbhiLish and Merlin James, a Christian ¢ou* from India INing in Redhill. David GosneN devekjped a dynamic worklkjw to create downk)ads on demand and added the caption text to the notes sectwjn of downhjaded Keynote and PowerPotiit fdes. He ako dev8bped an in-line HTML VKleo pL8yer and VKleo filler, so h'nked vijeos now pY on our site. We embedded the revant video segmenl Inks wrth start and end points to all Ihe LUMO 'b story videos on YouTube. These vKleos just show the segments for the Bible references of that story and users can choose to have narralton for the account in the NIV, IUV and NLT versions. Embedded vKleos play in the new HTML VKleo player deveksFed on the FreeBibmages webstte rather than show the YouTube inlerface. However, the videos play from Youtube and add to the ststistics for the channels who host there. The ve0S for Bibk Pathway Adventures, Sue Bentley and the Australiqn Bible Society are now embedded this way. The 109 sets from Gocd News PrtsJuctM)ns have VKleos of each story in over 40 languag8S. We were able to Iense images from the LUMO fikn The Covenanv and hav6 the option lo license images from the Acts of the Wstles, currenty being shot morco. We obtained 3D reconstruction graphics of Herod's Ternp and the Tabernacle from Jeremy Parkes of Bible scenes and also lrnmerswe History. ExFerienced Bib cartographer DavKI Barett gave us the use of over 130 Bible Map5. In December we got an agreement to US8 the luStratnS created by VKleoBible.com.
We welcomed new contrul¥n9 artists Wlem de Vink W&m (Netherlands), Kersth ter Veen {Germany), coral Leue {USA), Smart Art for KKES {Sk)veniq), Ewurakua Ghansah (Ghanal, David and Hilary Ker (Kenya), Philip Marttii (UK) and Carotyn Dyk (Bebiuml. In October we ran a fvnd raising Bib Quiz whh provNJed some initial fijnding for a stte in French. The Qurz is now onh'ne for others to use as a fiJndrai8ing tool. Further Statis and informatk)n i8 found on the pages that foknv. Voluntoèrs We have 16 volunteers using our online tranSlan FQrtal to translate our sIorS into French, German, Telugu, Hindi, Arab, Chinese, SpanK%h and Portuguese. In 2022 we were abk to develop an online workfknv kn speed up the creation of translated Bible story tttle Sjes. Public benefit The Trustees have compled with the duty to have due regard to the Wb1 benefft guhjance publtshed by the Charty Commisshjn. Future direction God willing, our main f(uS 2024 VA be to devek)p translated websites in French and German. We sham conknue to wpuLale the e¥Jht exK%ting sf(es wtiti new story sets. We shal expk)re opportUneS to devebjp Bible stw vmleos that wCk abngs*Je our images. Flnan¢lal Review In 2023, income reduced by £13,500 compared to 2022, whle total expenditure fell by £2,800. The overall resLtIt for the year was a defictt of income over expenditure of £8,900. The Charty ended the year with £36,600 in general reserves and £2.000 in reststed fijnds. ReseNes Policy The Charty aims to hobj free reserves not less than £14.000. whh would be suffrient to cover forthcoming expendilure for 6 months. It has a bank baLgnce that is regulaty reviewed by the trustees. and year on year the income broadty matches expenditure. The Charty's general reserves have decreased over the year but remain above the target. Rlsk Statement The charty i% not exposed to any rnai ffiancial rk. Governing do¢vments The company's governing documents are the Memorandum arKI Artic$ of A8socigtK¢n dated 20 March 2012, and the Governing Trustee Document dated 30 January 2013. Governance The company is controled by its Governg Trustee tk¢ument and the Memorandum and Artic18S of Association, and ks limited by guarantee. as defined by the CoMpanS Act 2006. The company was incorporated on 20th March 2012. The policy and operating decish?ns of the charty rest with the Trustees, who are also directors for the purposes of company law. They meet reguLgdy to monitor the actwitss ol the company. Paul and Gill Thompson resNJned as Trustees in 2018 when it was agreed to pay Paul to lead the work of sourcing, creati)n and formatting new contenL Paul continues to attend Trustee meetings as an advtsor but takes no part in deCisn-Maklng. Because of his prom#ient rok in Ihe company's acINe$, Paul is sffi regi8tered as a Director of the company. as i8 GAI.
Procedure for appointlng Trustees Trustees are apponted for a temi of 3 years by resdulK)n passed at a speckal meeting in accordance with the provish)ns of the Governlig Trustee Document. DSrectors' responslbllltles Charty law requires us as Directors to prepare financial ststements for each accounting year which give a true and fair view of the slate of the charty and of its income and expendtiure for the year. In preparing Ihe anCIal statements, the Directors are requwed to.. ' Se¢t Suitab accounting polic*s and appty them consistenty., ' observe the methods and princiths in the apiCable Chartties SORP. ' make iudgements and esknates that are reasonabk and prudent ' state whether the applicable accounkng standards have been fckngj. subject to any material departures dksclosed and explained in the accounts,. ' prepare the financtal statemenls on a gong concem bas unS it is inappropriate to presume that the charity wli I conlinue in operatn. We are responsble for keeping adequate accounliig records Vthh discbse with reasonable 8ccuracy at any time the financial F)osilion of the company and enable us to ensure that the financkal ststements compty with Ihe Compan$ kt 2006. We abo have a responsibdty lo safeguard the assets of the charty and to take reasonabk steps to prevent fraud or any other irregularities. Approval This report wa5 approved ty the DeCtorS[rrUsteeS on Zl Séptember 2024 and signed on ther behalf by.. R(ybert6iKc R(kn6ury
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FREE 818LE IMAGES LTD I report to the charty trustees C my eXaMalKIn ofthe ac¢ounts of the Company for Ihe year ended 31 December 2023. Responslb115tSes and basls of report the trustees of the charity {who are also drectors of the company Icff the purposes of company lawl, you are responsib the preparakn of the accounts vi acc(Kdance with the requirements ofthe Compan$ Act 2006 (Ihe 2006 ACYI. Having satisfied myself that the accounts of the Company are rmx requred to be atjdited under Part 16 of the 2006 Act and are tr for independent examiiatN)n. I report li respect of my examinath)n of the Company's accounts carrEd out under section 145 of the Chanties Act 2011 (Ihe 2011 Act'l. In carrying o¢Jt my eXaMlat I have loknved the gNen by the Charrty C(miisSn under sectK)n 145(5llb) of the 2011 ACL Independant examlnefs statement I have cOMpted my examinatbm. I confirm that no matwHI matters have ccmne to ry attenti whh gNe me cause lo beb8V8 that". 1. accounting records were not kept respect of the Company as required by sectp)n 386 of the 2006 Act.. or 2. the a¢counls do not accord with those records", or 3. the accounts do not compty with the accountrg reqUements of sectw 396 ofthe 2006 Act olher than any requKernent that the accounts gNe a 1nJe and fair vW whrh is not a matter consKlered as part of an independent examinat. or 4. the accounts have not been prepared in accordance the Charities SORP (FRS 102). I have no concerns and have corne across no other matters #i connectM)n with the ex8mffiatK)n to whh attention should be drawn Ki this rep(1 in order to ena a proper understanding of the accounts to be reached. Nevile Rehl ACA 19 Mins Grove Poplar London E14 ORH September 2024
FREE BIBLE IMAGES LTD Statement of Financial Activities FOR THE YEAR ENDED 31 DECEMBER 2023 Unlestrled RestrKted Funds Funds 2023 2023 Tirtal Funds 2023 Total Funds 2022 Note INCOMEAND ENDOWMENTS FROM: Don*tKJns and 8cleS Investrnents 27.635 2.975 30,610 299 44,428 30 Total income and endowments 27.934 2,975 44.458 EXPENDrruRE ON: Rai%ing ftjnds CharFtatle actNtb8S 362 31.845 792 41,813 7,422 39,267 Total expenditure 32.207 39.851 42,605 N8t Ineomd{expendlture) 14,273) 14.6691 18,942) 1.853 Transfers befv4een fijnds 12 15,422) 5,422 Ngt movement in funds 19,695) 7S3 (8,942) 1.853 Reconcillation of funds". Totsl ftjnds brought forward 46.284 1.220 47,504 45.651 Total funds carried loard Movements on reserves and al recognised gains and bjsses are shown atove. The notes on pages 8-12 frn part of these accounts.
FREE BIBLE IGE8 LTD BALANCE SHEEr AS AT 31 DECEMBER 2023 Unrestrthj Restr1 FurTrds FuThls 2023 2023 Tolal Fund5 2023 Total Funds 2022 CURRENT ASSErs Debtors Cash at bank and ii hand 10 859 2.651 CREDITORS: Amounts falng due Wilh aryear 11 75 4.331 Nel CUent Assets 1,973 38.562 47.504 TOTAL NEf ASSErs 47 FUNDS OF THE CHARITY ReStrted hjnds Unrestrt8d knnds 12 1.973 1.973 36,589 1.220 46,284 36.9 TOTAL FUNDS For th8 ye8r étw 31 Dec8mber 2023, the ccryny was entbdto the exenytn fr 8ud¢ under Soctw 477 of tlje CcryanEs Act 2(X)6 rela1]g to sMalcompans. The members have nOtrequed the Ghantabk cuwy to obtaii an audk ofits accounts forthe year in questnn fyl a¢cordanc& wfth Sgction 476 ofthe CM7panps Act. Irowever, AF 8¢G4yd8nce wrth Sectm 145 ofthe Chartss Act 2017 the accounts have been ex8mi7xI by an trependent examATrer whose reF¥)rt forn?s part ofth docunt. The dKectorsrtrust8es acknow therr8sponstJkns for with thè requrements ofthe CompanBs Act wrth respèct to accountttw r8cords and the preparalDn of 8G¢ounts. These accounts have been prepared n accordance with th&prov&s1 appkabk to Conw8nS subpctto the sm8ll¢omp8nk$ regtrne and accordance wih the FRS102 Charths SORP. jproved by the Dweclors sYJned on ther 2024 by.. R(Ayet8t¢ Ccfftpany number. 7998416 Charty numw. 1150890 The notes on pages &12 form p8rt crfthsse accwnts.
FREE BIBLE IMAGES LTD Notes to the Accounts FOR THE YEAR ENDED 31 DECEMBER 2023 Basi5 of A¢¢ountSng The accounts have been prepared under the hiStOral cost convent¥Jn. wtth items recognised al cost or transacth)n vakje unless otherwise stated in the relevant nole(sl to these accounts. The accounts have been prepared in acGordan¢$ with the 2019 Ver$ of the StstÈmènt of Reccmnmendgj Practe. Accounting and Reporting by CharrtEs ISORP{FRS10211, and the Fancie1 Reporttr)g Standard app3b the Unrted lthgdom and Repulk of IreL8nd IFRS 102}. and with the ChariiEs Act 2011. The trust constitLrtes a pubk beneA enbty as def by FRS 102. The trustees ¢($}er th8t there are no rnater uncertavrtEs about the TTUSt'$ ablity to continue as a gung concern. Accounting poll¢ls The foknirJ are the accounimg whh have been apFled n dea with m8t8rHI items:. inc Grants and donabons are inckjdod the Stalement of Financial hthftÈ5 IS)FA) Isn. * the charty becomes enttued io the reswrces: . it is more &(ety than not that the trustees rwe the resources" aTrJ . the monetary vakne can m&isured wth suff¢nt rek4bfjty. ndon nd Gfft receivab inckjded COrne when there i8 a vakl declaratw from the donor. Any Gft ANJ amount recovered on a donalijn ts Cons&r to unrestricted income unS the donor or the terms of the appeal have specrfd otherwise. tllernent of insuran Insurance clairns are onty nckjded kn the SoFAwhen the genwd CT6tero are met, and are inctuded as an item of other ¥i¢ome the SOF The vahje ol vduntary hel) receN&J 15 not inckKlwJ n the aGci)unts Ixrt 15 descriw in the Trustees, LbIlit]S aro re¢ryJnised ere it 15 mtre than not that there L8 818gal N cstructive obkgali)n committing the charty to pay out resources, and the arrujnl of the IaIN can be measured with Unrestrctfjd funds are d(%)aS and other CLne rej or generated for the obi¢¢ts of the charty without speCrfd purpose and are aValab purposes as drected by the Twstees. ReStrted funds are amounts receNed where the donor has speCd the purpose for whh i< shoukj be used. The company has three restrted furKls. for donakns recwed fc websf(es languages. Fixed assets acqu1 for us$ by the charty are Ca¥tasSed and depreciated over their estmatod useful lrfe. unsS they cost less than £1.C4)O n whh case they are WTitten off on purchase.
FREE BIBLE IMAGES LTD Not•ts to the Accounts FOR THE YEAR ENDED 31 DECEMBER 2023 3 Anatysls of income Donatlon$ aftd legacles". unre$ted Restted Funds Fur Totsl 2023 Totsl 2022 DonathS and gnls 19,564 1,471 2.975 22.539 1.471 37.007 1,421 General grants provNJ&J by othw charitss 44,428 Income from Inv•stm•nts: Interest ncome 299 299 Total In¢ome Donated goods. fadlltl•8 and s•rvice8 The company benefts greaty frcrfn Ihe TheMent and enthusiastr SUPFWt of its m8ny V0erS. more detaiLs of whh are gNen in the Trustees, reporL In accordance with FRS 102 and the ChafitEs SORP IFRS 1021, no monetsry vakje is i7clAd8d n the accounts fc the contrtJutS of vobJnteers. Analysls of •xp•ndFtu unrestr1 ReStrted Funds Funds Total 2023 Totsl 2022 $ing funds Fundraising costs 362 362 222 792 792 Charltabl• actlvltlés: Dlrect charltable actlvttlos Scxjrcing and crealijn of cclent Im¥ge purchases TransLtion IT costs Web deson & maintenance 17.985 2,997 20.982 18,527 3.913 4,296 1.910 13,221 1,395 6,131 39,274 1,910 512 Support costs Publicty Governance costs Insvrance & SLsndry ofte costs 1.363 450 1,149 450 940 Total oxp8ndlture on ¢harftable ac¢Mtles 41.813 SuFyort costs are shown in the Stat8ment of F1wl81 AciNibe5 as F*rt of the cost of charitabte actitss.
FREE BIBLE IPAAGES LTD Notes to th• Accounts FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Fees for examination of the a¢Unts Independent examinerfs fees 450 Paid employées The charrty has no emFtyed members of staff. 8 Trustees No remuneratK)n was paij to any trustee duTkng the year to any r$On connected to them. The charity trustees were not P8KJ nor receed any other beneffts from the charty in the year12022.. £nll. Threa were reThIrS8d expen$es totalng £249 for fvndraising and general costs durng the yeaf12022.' OAe for £1821. No charty trusteè r8ceN•J payment for profess)nal C other servKe5 suppled lo the charty12022.' £n. The company recVed unrestrted dcx)atlS frtn its Trusleos totahvJ £1.01812022: £1.356). Related party transactions Paul Th(Mnpson ts 8 forrw Trustee, who remains registed as a Dre takes no part in decispJns of the Trustees. He respJned li 2018 when rt was agreed lo pay hm for scjrcg and creation of content. The trustees have reved the cost of the serVeS wovKled by hun, ar are of the opnK)n that they represent good value when compared to markeL The amoun15 payatAe to Paul Thl¥np f( his ) th8 year. and the outstandiwJ baknces at the year end, were as fokjws: 2023 2022 Expenditure incLrred n the year Baknce due al year end. ncljded in credrtors {note 11) 21.042 19,072 10 Debtors and prnpaym•nts 2023 2022 Tax recoverable Prepayments and accrued incomè 637 222 859 2,551 2.651 11 Cr•dltors: Ilabllltl¢s falllng due wfthln one ye 2023 2022 Trade creditors cru8Ls 1,959 450 3.756 575 10
FREE BIBLE IMAGES LTD Not8$ to th• Accounts FOR THE YEAR ENDED 31 DECEMBER 2023 12 Funds Restricted funds are set up th)n8 raBe(I fty wet6iies n languages. Movomwts on RMtrfct•d Funds S. theran websites Hindi Fr¢n¢h website Total Balance brgh{ forward 1 Jan 2022 ReStrted donations Restrtted expenditure Transfer from General FuThJs BaLance camed forward 31 Dec 2022 9.836 4,520 119,179) 3.720 12.500) (16,679) 1.220 1,220 ReStrted donatpJns Restrtted expenditure Transfer fr(Jn Genewl Funds Baknce ¢arrd fward 31 Dec 2 2.975 (1.0021 2,975 17.6441 16,642) Analysis of net assets between fund5: General funds Restitled fijnds Total 2023 40.112 Cash Other net assets 75 36.589 Analy$l$ ot ass•ts betw¢tn funds- pYvlou$ yw. General fvnds 47.230 Restrrted fiJnds 1,954 734 Totsl 2022 49.184 1.680 Cash Other net assets 13 Mfjmb?rs Each member of the company conNnts to Contr* an amount of £1 rfthe charity WoUrl up. 11
FREE B LE IMAGES LTD Detalled Statemerrt of Fwonclal Activi$ vAth Compar•tl¥es FOR THE YEAR ENDED 31 DECEMBER 2023 Unresfrthj FuThts 2023 2022 Restrthy Funds 2022 Total Funds 2023 Nole 2022 INCOME AND ENDOWMENTS FROM: DOn8tn$ and ga¢S Investrnents 27,635 39.9)8 2,975 30,610 44,428 30 27,934 39,938 2,975 30,9)9 44,458 £XPENDrruRE ON: RaEing funds charitab athitEs 246 18.933 792 41,813 31.645 22,880 7.422 39,267 TotAI èxpèndiure 32.207 23.426 f9.179 39,851 42,605 Net inu>mel{?xp•ndtturnl 14.273} 16.512 (4,6691 114.659) 18,9421 1.853 Transfers behveen fiJnds 12 19,695) 10,469 753 18.6161 18,9421 1,853 Net movement In funds 753 Reconclllatlon of funds: Total lunds trxwght fcwd 46,284 35.815 47,504 45,651 Total funds ea¥Yted forwaryl 36.589 46 284 562 *)vernenfs cn reserves al reccvled arhj bsse5 we 5Ihy•m atrf)ve.