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2021-03-31-accounts
2020 SURPLUS/
INCOME EXPENDITURE DEFICIT
-3 Renta
I Income		 16,863 9,549 7,314
-48 1 Azure Court 11,192 40,482 -29,290
2 Membership 1,444 1,444
19 Donations 4,313 4,313
Bank Interest 2 2
1 Other Receipts 25,848 25,848
-1 Covenant
Nations		 8,595 11,600 -3,005
-3 Summer
Convention
-2 Congress 184 184
-146 Administration See Note 1 150,426 -150,426
-181 68,441 212,057 -143,616
2020 BALANCE SHEETAS AT 31 BALANCE SHEETAS AT 31 BALANCE SHEETAS AT 31 BALANCE SHEETAS AT 31 MARCH, 2021
000's FIXED ASSETS
Fixtures,
Fittings and		 Equipment at cost 156,762
Less Sales in Year
Additions
in Year		 411
Less Depreciation 142,688 14,485
121 Low Etherley 351,160
1 Azure Court 1,259,155
227 Newgate
Street		 96,606
5 Bede Street 138,920
18Simpson
Road		 85,806
CURRENT ASSETS
Investments
Unquoted		 See Note 2 11,100
Property
Investment		 at Cost 849,771
Cash at Bank
Current accounts 70,729
Cash
in Hand		 683
M Clark - Presidential Float 1,000
Kingdom
Foundation		 530
National
Bible College		 Account 3,045
Prepayments 2,517
Debtors 1,425
940,800
2,886,932
LESSCURRENT LIABILITIES
Creditors
due within
1		 year
PAYE 2,457
Creditors 240
Accruals 6,432
Pension 65
Accounts 2,000 11,194
Members
Loans		 1,133,004
1,877 1,742,734
REPRESENTED BY
General
fund		 1,522,081
To general
reserve
in		 year -143,616
1,378,465
Special Funds Unrestricted See Note 3 49,653
Special Funds Restricted See Note 3 314,616
1,877 1,742,734
President. .Dated 1000 March
2022
Deputy President
. . .~.
.~.. . . . . . . .		 . .Dated 10" March 2022

Note 1 Note 1
ADMINISTRATION
2020
000's
2 Audit 1,820
1 Legal, Professional and Management 400
6 Field Expenses
45 Staff Salaries and Pensions 53,034
Shortfall
on staff salaries re:Nest Pension		 2,008
58 Interest on Members Loans 59,209
11 Office Expenses 12,314
Sundry Expenses
11 Printing,
Stationery,		 Postage 8 Telephone 13,326
3 Repairs and Maintenance 2,644
1 Bank Charges 465
2 IT Support and website costs 378
6 Depreciation 4,828
146 150,426

Note 2
Investments
Unquoted
1,000 shares
in Market		 Street Developments Ltd 1,000
10,000 shares
in Covenant		 Publishing Co. Ltd. 10,000
80shares
in Eli press		 Ltd 100
Note 3
Special Funds
Balance
31/03/2020 Income Expenditure Balance
RESTRICTED FUND
The National
Bible College		 314,511 140 35 314,616
(charity no 211471)
DESIGNATED FUNDS
Benevolent
Fund		 1,288 1,288
Youth Action 304 304
W E Filmer 6,257 6,257
Christian
Prophetic Witness		 35,433 35,433
Kingdom
Foundation		 6,697 326 6,371
364,490 140 361 364,269

National
Bible		 Colic e
Charit No 211471 Cost 121 Low Etherley 351,160
Cash at Bank 3,045
354,205
Fund 314,616
Loan from BIWF 39,589
354,205

The Covenant
Publishin
Com
an
Balance Sheet 31"March
2021		 Ltd
31.3.21 31.3.20
Notes F E F
FIXEDASSETS
Tangible assets 878 1,171
CURRENT ASSETS
Stocks 22,974 26, 168
Debtors 211 569
Cash at bank and
in hand		 15189 9 004
38,374 35,741
CREDITORS
Amounts
falling due within one year		 2,664 1,654
NET CURRENT ASSETS 35710 34 087
TOTAL ASSETS LESSCURRENT LIABILITIES 36588 35258
CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Profit and loss account 26 588 25258
SHAREHOLDERS'
FUNDS		 36588 35258

31.3.21 31.3.20
6. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors 60 436
Other debtors 151 133
211 569
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors 7 911
Other creditors 2 657 743
2 664 1 654

31.3.21 31.3.20
Turnover
Book sales 19,613 11,894
Donations 332 161
Printing Sales 5,426 6,185
25,371 18,240
Cost ofsales
Opening
stock		 26,168 29,278
Purchases 1,368 3,210
Printing
Purchases		 8,490 6,231
36,026 38,719
Closing stock ~22 974 ~26 168
13052 12 551
GROSS PROFIT 12,319 5,689
Other Income
Government grants 2 588
14,907 5,689
Expenditure
Salaries 5,805 5,089
Pensions 171 155
Telephone 877 236
Postage 2,769 1,028
Stationery
8 packaging		 1,196 335
Advertising
8		 printing 310 297
Video Expenses
Equipment
Repairs 8 Servicing		 365
Computer
and internet		 22 653
Licences
Sundry office expenses 13 13
Bad Debts
Legal 8 accountancy 536 554
11699 8725
3,208 (3,036)
Finance costs
Bank charges 953 561
Credit Card 8 Commissions 632 1 050
1 585 1 611
1,623 (4,647)
Depreciation
Depn of equipment 293 390
NET PROFIT/ (LOSS) 1 330 5037

DI R ECTO RS: M A Clark
D J Aimer
SECRETARY: Mrs N Gallone
REGISTERED OFFICE: 121 Low Etherley
Bishop Auckland
Co. Durham
DL14 OHA
REGISTERED NUMBER: 03933393 (England and Wales)
ACCOUNTANTS: Tosh 8 Co
Chartered Accountants
105b High Street
Honiton
Devon
EX141PE

Eli Press Ltd
Balance Sheet 31"March 2021
31.3.21 31.3.20
Notes
FIXEDASSETS
Tangible Assets 64 86
CURRENT ASSETS
Debtors
Cash at bank and
in hand		 1,964 949
CREDITORS
Amounts
falling due within		 one year 6 240 240
NET CURRENT ASSETS/(LIABILITIES ) 1 724 709
TOTAL ASSETS LESSCURRENT LIABILITIES 1 788 795
CAPITAL AND RESERVES
Called up share capital 80 80
Profit and loss account 1 708 715
SHAREHOLDERS'
FUNDS		 1 788 795

The operating
loss (2020 —operating
loss) is state		 d after charging:
31.3.21 31.3.20
Depreciation —owned assets 22 29
TANGIBLE FIXEDASSETS
Office Equipment
COST
Additions 650
At 31' March 2021 650
DEPRECIATION
At 1 April 2020 564
Charge for year 22
At 31' March 2021 586
NET BOOK VALUE
At 31' March 2021 64
At 31' March 2020 86
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
Other creditors 240 240
240 240
Tradin
and Profit and Loss Account for		 the Year Ended 31"March
2021
31.3.21 31.3.20
Sales 1,560 2,491
Less Cost ofsales
Printing
Materials		 279 1,047
Sub Contract
Printing		 1 602
279 2,649
GROSS PROFIT 1,281 (158)
Expenditure
Postage and Carriage 8
Motor expenses 57
Sundry Expenses 12 13
Accountancy 238 238
250 316
1,031 (474)
Finance Costs 16 60
1,015 (534)
Depreciation
Office Depreciation 22 29
NET PROFIT 993 563