BOARD OF MANAGEMENT as at 31/03/23
Dr A C Smyth Mr R Bradley Mr A S Brown Mrs P M E Clark Mr M A Clark Miss M Dowling Mr J Hardwick Mr N McCausland
President
STAFF
Pastor D J Aimer Mrs T Creed Mrs N T Gallone
General Secretary / Accountant CPC Marketer Secretary
REGISTERED OFFICE: -
121 Low Etherley Bishop Auckland County Durham DL14 0HA
Telephone 01388 834 395 E-mail admin@britishisrael.co.uk Web Site www.britishisrael.co.uk
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THE PRESIDENT
At the end of March,2023 , I was invited to take on the role of President of the BIWF.I would like to thank the Board of BIWF for placing their confidence in me.
A special word of thanks is due to Pastor David Aimer for his wise counsel, and steadying hand. We live in a tempest tossed nation, where there has been a steep decline in church attendance and young people are bombarded by unwholesome ideologies. This is a time for believing Christians to take up their destiny and respond to the challenge as servants of the Most High.
I have a number of objectives; to promote a collective style of management, to bring others unto the Board , and learn to use modern technologies to promote the message that the Ten Tribes are in the world right now, fulfilling God's plan, though hidden from sight to all but the wise ,those who study God's Word diligently.
DR CLIFFORD SMYTH, PRESIDENT
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GENERAL SECRETARY
Post Covid
We are all grateful that the worst of the Covid virus is behind us and we can slowly get our lives back together again. The British-Israel-World Federation has suffered without having our usual meetings. But we have been able to have our Morecambe meeting to start things off again. That first meeting after Covid, was a special meeting with everyone appreciating the fellowship between us all. The revamp of the hotel made the meeting room so more enjoyable than before.
The administration work has of course continued as before meeting all the deadlines to the best of my ability. The Board of Management meetings have been continued via ‘Zoom’ which is working out well.
I would like to mention the passing of The Rev. Dr. Barrie Williams MA MLitt LST PhD who was one of our Patrons. I really appreciated his style of lecturing, and his clarity of information on history that left one amazed.
DAVID J AIMER , GENERAL SECRETARY
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THE NATIONAL BIBLE COLLEGE
RE - DESIGNED WEBSITE
The new website is now fully operational with the latest technology providing user friendly links to College resources .
DISTANCE LEARNING PROGRAMME
The programme continues to attract people young and old who have registered on this distance learning programme from home and overseas. Many have completed all four modules. Written feedback and guidance is given following responses to the essay questions set at the end of each of the ten units in all of the four modules. A College Certificate is awarded for the completion of each module.
TEACHING MATERIALS AND VIDEOS
The National Bible College has a dedicated ‘youtube’ channel. Simply typing ‘The National Bible College’ on the youtube search bar brings up the channel which has now attracted over 337000 viewings and well over 1600 subscribers. This is a highly effective medium for conveying our message. As new teaching presentation videos are added to the channel, each subscriber receives them automatically via an email. Comments are encouraged in the section below each video which can lead to useful conversations with viewers.
DAVID AIMER , PRINCIPAL MARTIN LIGHTFOOT , PROGRAMME CO-ORDINATOR
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INDEPENDENT EXAMINER’S REPORT
TO THE MEMBERS OF
THE BRITISH-ISRAEL-WORLD FEDERATION
For the Year ended 31[st] March, 2023
Respective responsibilities of trustees and auditors
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
Examine the accounts under section 145 of the 2011 Act.
To follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act, and to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items of disclosure in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present ‘a true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
-
which gives me reasonable cause to believe that in, any material respect, the requirements to keep accounting records in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act, have not been met; or
-
to which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
26[th] January 2024
Rose Partridge Barnhaze Accountancy Ltd AAT Licensed Accountant Newhayes Sampford Peverell Tiverton Devon EX16 7EE
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THE BRITISH-ISRAEL-WORLD FEDERATION
STATEMENT OF THE TRUSTEES’ RESPONSIBILITIES
Charity Law requires the Trustees to prepare Financial Statements for each financial year which gives a true and fair view of the state of affairs of the Charity and of its financial activities for that period.
In preparing those Financial Statements the Trustees have:-
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a) Selected suitable accounting policies as set out in Note 8. to the Financial Statements and applied them consistently.
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b) Made judgements and estimates that are reasonable and prudent.
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c) Have adopted policies in accordance with SORP and with applicable accounting standards, subject to any material departure disclosed and explained in the Financial Statements.
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d) Have prepared the Financial Statements on the going concern basis.
The Trustees have been responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enables them to ensure that the Financial Statements comply with the Charities Act 1993 and 2011.
The Trustees have also been responsible for safeguarding the assets of the Charity and hence taken reasonable steps for the prevention and detection of fraud or other irregularities.
The Trustees are satisfied with the financial performance as shown in the Financial Statements and are confident that the present resources are more than adequate to meet its future commitments.
Dated 29[th] January 2024
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THE BRITISH-ISRAEL-WORLD FEDERATION
INCOME AND EXPENDITURE ACCOUNT FOR THE 12 MONTHS TO 31[st] MARCH, 2023
2022
| 2022 4 Rental Income 37 1 Azure Court 1 Membership 7 Donations Bank Interest 1 Other Receipts -5 Covenant Nations Summer Convention Congress -137 Administration See Note 1 -92 Legacies -92 To General Reserve |
INCOME 16,593 67,155 1,078 58,694 0 0 10,692 |
EXPENDITURE 9,726 0 12,233 143,545 |
SURPLUS/ DEFICIT 6,867 67,155 1,078 58,694 0 0 -1,541 -143,545 |
|
| 154,212 | 165,504 |
-11,292 30,989 19,697 |
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THE BRITISH-ISRAEL-WORLD FEDERATION
BALANCE SHEET AS AT 31[st] MARCH, 2023
| 2022 BALANCE SHEET AS AT 31s MARCH, 2023 £ 000’s FIXED ASSETS Fixtures, Fittings and Equipment at cost 157,444 Less Sales in Year Additions in Year 300 Less Depreciation 149,219 121 Low Etherley 1 Azure Court 227 Newgate Street 5 Bede Street 18 Simpson Road CURRENT ASSETS Investments Unquoted See Note 2 11,100 Market Street Development Ltd - Loan 696,671 Cash at Bank Current accounts 45,940 Cash in Hand 725 Kingdom Foundation 760 National Bible College Account 3,115 Prepayments 4,829 LESS CURRENT LIABILITIES Creditors due within 1 year PAYE 398 Vat 2,536 Creditors 45 Accruals 5,227 Pension 84 Accounts 2,094 Members Loans 1,647 REPRESENTED BY General fund 1,287,089 To general reserve in year 19,697 Special Funds Unrestricted See Note 3 Special Funds Restricted See Note 3 1,647 President Dated 29thJanuary 2024 |
8,525 351,160 1,259,155 96,606 138,920 85,806 763,140 2,703,312 10,384 1,025,753 1,667,175 1,306,786 45,703 314,686 1,667,175 |
|---|---|
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THE BRITISH-ISRAEL-WORLD FEDERATION
| Note 1 ADMINISTRATION 2022 £ 000’s 2 Audit 1 Legal, Professional and Management 0 Field Expenses 54 Staff Salaries and Pensions 52 Interest on Members Loans 11 Office Expenses Sundry Expenses 9 Printing, Stationery, Postage & Telephone 5 Repairs and Maintenance 1 Bank Charges 1 IT Support and website costs 4 Depreciation Donations 138 |
2,415 1,782 53,738 49,886 9,927 14,988 4,076 545 3,250 2,842 96 |
|---|---|
| 143,545 |
| Note 2 Investments Unquoted 1,000 shares in Market Street Developments Ltd 10,000 shares in Covenant Publishing Co. Ltd. 80 shares in Eli press Ltd Note 3 Special Funds RESTRICTED FUND The National Bible College (charity no 211471) DESIGNATED FUNDS Benevolent Fund Youth Action W E Filmer Christian Prophetic Witness Kingdom Foundation |
1,000 10,000 100 Balance 31/03/2022 IncomeExpenditure Balance 314,741 41 97 314,685 1,288 1,288 304 304 6,257 6,257 32,433 32,433 5,422 5,422 360,445 41 97 360,389 |
|---|---|
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National Bible College
| Charity No 211471 Cost 121 Low Etherley Cash at Bank Fund Loan from BIWF |
351,160 3,115 |
|---|---|
| 354,275 314,686 39,589 |
|
| 354,275 |
This charity has common Trustees, unity of administration and parallel objects to that of The British-Israel-World Federation and is administered from the same address.
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Accounting Policies
Note A:
These Accounts are the accounts of the Headquarters and the UK branch areas of the British-Israel-World Federation.
Note B :
These Accounts have been prepared in accordance with applicable accounting standards and statement of recommended practice accounting by Charities Act 1995.
Note C:
Profit & Loss account transactions are translated into sterling at the exchange rate in operation on the date of transaction. Assets & Liabilities denominated in foreign currencies are translated into sterling at the closing rates.
Note D:
Designated Funds are funds which the Trustees have set aside as a useful financial discipline which will help the Charity make the best use of its resources even though there is no legal force to the designations.
Note E:
Cash in transit is not included as Income until it has been received at Headquarters.
Note F:
Donations under Deed of Covenant do not include the associated Income Tax recovery. The Income Tax recovery is included as Income when it is received.
Note G:
Legacies are included on a receivable basis.
Note H:
Fixed Assets are included in the accounts at their historical cost and are written off over their estimated useful life by depreciation through the Income and Expenditure account. Freehold property is not depreciated, as it is the Trustees policy to maintain all buildings to such a standard that their estimated residual value is not less than their cost at any given time.
Note I:
Quoted Investments are included in the Balance Sheet at market value. The realised & unrealised Gains/Losses arising on disposal are accounted for in the Income and Expenditure account. The historical cost value of quoted investments are included in the notes to the financial statements. Unquoted Investments are included at historical cost.
Note J:
Interest received is credited gross to the Income and Expenditure account.
Note K:
Membership Subscriptions are included on receipt.
Note L:
Administrative costs comprises all expenses incurred in running the charity, which cannot be directly allocated to the Charity’s projects.
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THE COVENANT PUBLISHING COMPANY LIMITED
The figures of this year are all very similar to the previous year. One notable customer to report is that he bought every single copy of every book that we stock in our ‘Covenant Publishing Catalogue’ as well as every book in the ‘Others Publishers Catalogue’ as well. He was from the USA and had us busy wrapping and packing and handling all the packages which we sent a couple every month almost throughout the year.
The ‘Drama of the Lost Disciples’ is by far the best seller in the U.S.A. as well as here in the United Kingdom. We print the U.S.A. edition in bulk in the state of Arkansas whereas we print on demand here in the U.K.
Amazon orders are increasing both in our books as well as the few books we have on ‘Kindle’.
DAVID AIMER, Company Secretary
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The Covenant Publishing Company Ltd
Company Information for the Year Ended 31[st] March, 2023
DIRECTORS:
Miss M Dowling Mr N. McCausland Dr C. Smyth
SECRETARY:
D J Aimer
REGISTERED OFFICE: 121 Low Etherley Bishop Auckland Co. Durham DL14 0HA
REGISTERED NUMBER: 2203118
ACCOUNTANTS:
Barnhaze Accountancy Ltd AAT Registered Accountant, Sampford Peverell, Tiverton, Devon, EX16 7EE
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The Covenant Publishing Company Ltd
Report of the Directors for the Year Ended 31[st] March, 2023
The directors present their report with the financial statements of the company for the year ended 31[st] March 2023.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
ON BEHALF OF THE BOARD:
........................................................................ D J Aimer – Company Secretary
Date: 29[th] January 2024
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The Covenant Publishing Company Ltd
Balance Sheet 31[st] March, 2023
| Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Stocks Debtors 6 Cash at bank and in hand CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CAPITAL AND RESERVES Called up share capital Profit and loss account SHAREHOLDERS' FUNDS |
31.3.23 £ £ 494 21,046 306 17,854 39,206 816 38,390 38,884 10,000 28,884 38,884 |
31.3.22 £ £ 659 22,492 6,484 10,067 39,043 2,075 36,968 37,627 10,000 27,627 37,627 |
|---|---|---|
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for:
(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
The financial statements were approved by the Board of Directors on 15[th] January 2024 and were signed on its behalf by:
........................................................................
D J Aimer – Company Secretary
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The Covenant Publishing Company Ltd
Notes to the Financial Statements for the Year Ended 31[st] March, 2023
1. STATUTORY INFORMATION
Covenant Publishing Company Ltd is a private company, limited by shares, registered in England and Wales. The company’s registered number and registered office address can be found on the Company Information page.
2. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
3. OPERATING (LOSS)/PROFIT
The operating profit (2020- operating loss) is stated after charging:
| Depreciation - owned assets Directors' remuneration and other benefits etc |
31.3.23 £ 165 - |
31.3.22 £ 293 - |
|---|---|---|
4. TAXATION
Analysis of the tax charge
No liability to UK corporation tax arose on ordinary activities for the year ended 31 March 2020 nor for the year ended 31 March 2019.
5. TANGIBLE FIXED ASSETS
| 5. TANGIBLE FIXED ASSETS |
Equipment |
| COST | £ |
| At 1stApril 2021 and 31stMarch 2023 | 27,233 |
| DEPRECIATION | |
| At 1stApril 2021 | 26,574 |
| Charge for year | 165 |
| At 31stMarch 2023 | 26,739 |
| NET BOOK VALUE | |
| At 31stMarch 2023 | 494 |
| At 31stMarch 2022 | 659 |
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Notes to the Financial Statements for the Year Ended 31[st] March 2023 - continued
| 31.3.23 £ 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors 4 Other debtors 302 306 Amounts falling due after more than one year. 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other creditors 816 816 |
31.3.22 £ 15 469 484 6,000 101 1,974 2,075 |
|---|---|
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The Covenant Publishing Company Ltd
Trading and Profit and Loss Account for the Year Ended 31[st] March, 2023
| Turnover Book sales Donations Printing Sales Cost of sales Opening stock Purchases Printing Purchases Closing stock GROSS PROFIT Expenditure Salaries Pensions Telephone Postage Stationery & packaging Advertising & printing Equipment Repairs & Servicing Computer and internet Sundry office expenses Bad Debts Legal & accountancy Finance costs Bank charges Credit Card & Commissions Depreciation Depn of equipment NET PROFIT/ (LOSS) Eli Press Ltd |
31.3.23 £ £ 17,322 241 6,105 23,668 22,492 2,603 7,195 32,290 (21,046) 11,244 12,424 5,688 171 40 2,393 116 276 27 9 570 9,290 3,134 995 717 1,712 1,422 165 1,257 |
31.3.22 £ £ 18,252 1,748 4,144 24,144 22,974 3,968 6,346 33,288 (22,492) 10,796 13,348 5,688 171 69 2,597 1,213 267 13 570 10,588 2,760 848 654 1,502 1,258 219 1,039 |
31.3.22 £ £ 18,252 1,748 4,144 24,144 22,974 3,968 6,346 33,288 (22,492) 10,796 13,348 5,688 171 69 2,597 1,213 267 13 570 10,588 2,760 848 654 1,502 1,258 219 1,039 |
|---|---|---|---|
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Company Information for the Year Ended 31[st] March, 2023
| DIRECTORS: | Dr C Smyth |
|---|---|
| D J Aimer | |
| SECRETARY: | Mrs N Gallone |
| REGISTERED OFFICE: | 121 Low Etherley |
| Bishop Auckland | |
| Co. Durham | |
| DL14 0HA | |
| REGISTERED NUMBER: | 03933393 (England and Wales) |
| ACCOUNTANTS: | Barnhaze Accountancy Ltd |
| AAT Registered Accountant | |
| Sampford Peverell | |
| Tiverton | |
| Devon | |
| EX16 7EE |
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Eli Press Ltd
Report of the Directors for the Year Ended 31[st] March, 2023
The directors present their report with the financial statements of the company for the year ended 31[st] March 2023.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
ON BEHALF OF THE BOARD:
........................................................................ D J Aimer - Director
Date: 29[th] January 2024
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Eli Press Ltd
Balance Sheet 31[st] March, 2023
| Notes FIXED ASSETS Tangible Assets 5 CURRENT ASSETS Stocks Cash at bank and in hand CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS/(LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES CAPITAL AND RESERVES Called up share capital Profit and loss account SHAREHOLDERS' FUNDS |
31.3.23 £ 36 200 1,736 1,936 240 1,696 1,732 80 1,652 1,732 |
31.3.22 £ 48 420 1,584 2,004 240 1,764 1,812 80 1,732 1,812 |
|---|---|---|
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31[st] March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31[st] March 2023 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for:
(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Board of Directors on 29[th] January 2024 and were signed on its behalf by:
........................................................................ D J Aimer – Director
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Eli Press Ltd
Notes to the Financial Statements for the Year Ended 31[st] March, 2023
1. STATUTORY INFORMATION
-
Eli Press Ltd is a private company .limited by shares, registered in England and Wales. The company’s registered number and registered office address can be found on the company Information page.
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ACCOUNTING POLICIES
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance.
- EMPLOYEES AND DIRECTORS
The average number of employees during the year was NIL (2020 – 3)
- OPERATING (LOSS)/PROFIT
The operating loss (2020 – operating loss) is stated after charging:
| 31.3.23 | 31.3.22 | ||
|---|---|---|---|
| £ | £ | ||
| Depreciation – owned assets | 12 |
16 | |
| 5. | TANGIBLE FIXED ASSETS | ||
| Office Equipment | |||
| COST | |||
| Additions | |||
| At 31stMarch 2023 | 650 | ||
| DEPRECIATION | |||
| At 1 April 2022 | 602 | ||
| Charge for year | 12 | ||
| At 31stMarch 2023 | 614 | ||
| NET BOOK VALUE | |||
| At 31stMarch 2023 | 36 | ||
| At 31stMarch 2022 | 48 | ||
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.3.23 |
31.3.22 | ||
| Other creditors | 240 |
240 | |
| 240 | 240 |
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Eli Press Ltd
Trading and Profit and Loss Account for the Year Ended 31[st] March, 2023
| Sales Less Cost of sales Opening stock-paper etc Printing Materials Sub Contract Printing Closing stock – Paper, etc GROSS PROFIT Expenditure Postage and Carriage Computer Supplies Sundry Expenses Accountancy Finance Costs Depreciation Office Depreciation NET PROFIT |
31.3.23 31.3.22 £ £ £ £ 1,414 1,585 420 482 985 161 902 1,146 (200) (420) 702 726 712 859 53 35 465 515 13 13 240 240 771 803 (59) 56 9 16 (68) 40 12 16 (80) 24 |
|---|---|
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