Registered Charity No. 21)8079 Founded 1919 THE BRITISH-ISRAEL-WORLD FEDERATION BOARD OF MANAGEMENT as at 31103124 Dr A C Smyth Mr R Bradley Mr A S Brown Mrs P E C Clark Miss M Dowling Mr J Hardwick Mr N Mccausland President STAFF Pastor D J Aimer Mrs T Creed Mrs N T Gallone Mr S Harrison General Secretary l Accountant CPC Marketer Secretary Librarian and Proof Reader REGISTERED OFFICE. 121 Low Etherley Bishop Auckland County Durham DL14 OHA Telephone 01388 834 395 E-mail admin@britishisrael.co.uk Web Site www.britishisrael co.uk THE PRESIDENT In the Gospel of John, chapter 15 and versel S Jesus says to his disciples. "you are my friends" and in verse 16 1 appointed you to go and produce lasting ftuit" This is our calling, and this is the context in which the B.I.W.F. Annual Report is set. I would like to thank both the membership and our friends who have given the President their support during his first year in otyice. We have introduced a collegiale style of administration. I have personally found this to be very beneficial, especially when some very complex problems need to be addressed Pastor David Aimer's diligence and sound advice have helped the Board in resolving these issues. We are all challenged to witness to the message that Britain is Israel, the lost ten tribes, in a world of conflict. complexity and chaos. False prophets, as our Lord forewarned, seek to lead muliitudes astray, but B.I.W.F. holds to the sure and sound foundation of Scriptural truth. Though our numbers are small. the quality of our speakers, exemplified in their lectures and video presentations reach out to hundreds of thousands. And our intemational relations. especially with Australia are heart warming and deeply encouraging. Hope is on the rise as we await the return of Our Lord Jesus Christ, the coming king. who calls us "friends" DR CLIFFORD SMYTH, PRESIDENT GENEIUL SECRETARY Building Again The Financial Regulator has caused a heavy load on the administration. They needed background checks on all the trustee5 of the charities and companies that we operate. This has caused a fair amount of work especially some other financial institutions that do not realise that we have given thern all the information yet still threaten to c105e everything down within 14 days. I remember explaining this to one operntor who gave me back partial inforn)ation after telling me I had not submitted any information. He was quite ernbarras5ed when I let hirn know that the partial information he gave me was proof that I had done the return. Some companies I had to do the return three times l This affected all Bank Accounts. Credit Card Companies. Pensions, The Charity Commission and other institutions. Most of them interpreted the law differently to each other, all with threats of closure if I did nothing. We started having our Spring and Autumn Rallies at Morecambe this year as well as meetings at Burnside Hall, Co. Antrim in Northern Ireland. The Covenant Nations Magazine has been also produced by headquarters under a new Editorial Committee, putting more pressure on the administration. The Board meetin&Fs are beingi successtully held via 'Zoom' savings much time and expense. DAVID J AIMEW GENERAL SECRETARY THE NATIONAL BIBLE COLLEGE DISTANCE LEARNING PROGRAMME The programme continue5 to attract people youngT and old who have iegFlStered 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. TEACHll¥G MATERIALS AND VIDEOS The revised National Bible College website has items relating to our message and a link to a range of some 85 teachin&1 videos on a dedicated 'youtube' channel. This channel has now attracted over 350,000 viewings and well over 1700 subscribers and 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 on the channel, some resulting in interesting conversations. In order to access the channel use.. htt s.//￿Vw. outube.coml front4u/vide05 or search for 'The National Bible College, on the youtube search bar and click on the The National Bible Collegye icon. DAVID AIMER, PRtNCIPAL MARTIN LIGHTFOOT, PROGRAMME CO-ORDINATOR THEN BIBLE IONAL LLEGE vh8t true le" INDEPENDENT EXAMANER'S REPORT TO THE I￿Ell￿BERs OF THE BRITISH-ISRAEL-WORLD FEDEIi4TION For the Year ended 31 March 2024 Respective responsibilities of trustees and auditors The charity's trnstees are responsible for the preparation of the accounts. The charity's tnjstees 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 201 l Act. To follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the 201 l Act, and to state whether particular matters have come to my attention. Basis of independent examiner's statemenl My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a ieview of the accounting records kept by the chaiity and a comparison of the accounts presented with those records. li also includes consideration of any unusual items of disclosure in the accounts, and seeking explanations from the trustees conceming, 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 slalement 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 accountingF record5 and comply with the accounting requirements of the 201 l Act. have not been mel. or 2. to which in my opinion. attention should be drawn in orderto enable a proper understanding of the accounis to be reached. 4, April 2025 Rose Partridge Barnhaze Accountancy Ltd AAT Licensed Accountant Newhayes Sampford Peverell Tiverton Devon EXI 6 7EE THE BRITISH-ISRAEL-WORLD FEDEIi4TION STATEMENT OF THE TRUSTEES, RESPONSIBILITIES Charity Law requires the Trustees to prepare Financial Statements for each financial year which gives a true and tair 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'.- Selected suitable accounting policies as set out in Note 8 to the Financial Statements and applied them consistently. b) Made judgements and estirnates that are reasonable and prudent. Have adopted policies in accordance with SORP and wtth applicable accounting standards, subject to any malerial departure disclosed and explained in the Financial Statements. d) Have prepared ihe Financial Siatements on the going concem basis. The Twstees 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 wilh the financial perforniance as shown in the Financial Statements and are confident thai the present resources are more than adequate to meet its future commitments. Dr Clifford Smyth Dated 20 April 2025 THE BRITISH-ISRAEL-WORLD FEDERATION INCOME AND EXPENDITURE ACCOUNT st FOR THE 12 MONTHS TO 31 MARCH. 2024 2023 SURPLUSI DEFICIT INCOME EXPENDITURE Rental Income 1 AZU￿ Court MeMbe￿hIp Donations Bank Interest Other Receipts Covenant Nations 15,121 89,540 1,110 10.014 11,391 3,730 89,540 1,110 10,014 67 59 8,090 13,456 -5,366 Spring R81ty Administration See Note 1 330 167 145,484 163 -145,484 -143 124.205 170,498 -46,293 Legacies 1,000 -92 To General Reserve -45,293 THE BRITISH-ISRAEbWORLD FEDERATION 2023 BALANCE SHEET AS AT 31 MARCH, 2024 OOO'S FIXED ASSETS Fixtuffts, Fittings and Equipment at cosl Less Sales in Year Additions in Year Less Depreciation 1 $7,744 151,364 6,434 121 Low Etherley 1 Azure Court 227 Newgate Street 5 Bede Street 18 Simpson Road 351,160 1,259,155 96,606 138,920 85,806 CURRENT ASSETS Investments Unquoted See Note 2 Investment - Market Street Development 11,100 696,671 Cash at Bank Current accounts Cash in Hand 3,100 648 Kingdom Foundation National Bible College Account Prepayments other Debtors 760 3,409 1771 1,550 719,009 2,657,090 LESS CURRENT LIABILITIES credito￿ due wtthin 1 year PAYE Val Creditors Accruals Pension Accounts Member5 Loans Covenant Publishing Loan 409 2,521 90 2,644 318 2,094 8,076 1,016,871 10,000 1,622,143 1,667 REPRESENTED BY General fund To general ￿serve in year 1.306,786 -45,293 1,261,493 45,670 314,980 Special Funds Unrestricted See Note 3 Special Funds Restricted See Note 3 1,667 1,622,143 THE BRITISH-ISRAEL-WORLD FEDERATION Note 1 ADMINISTRATION 2023 OOO'S Audit Legal, Professional and Management Fiekl Expenses Staff Salaries and Pensions Interest on MembeT5 Loans Office Expenses Sundry Expenses Printing, Stationery, Postage & Telephone Repairs and Maintenance Bank Charges IT Support and website costs Depreciation Donations 2,415 774 1,694 53,330 49,101 13,346 53 49 15 17,068 2,459 575 2,577 2,145 144 145,484 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 1.000 10,000 100 Note 3 Special Fund5 Balance 3110312023 Income Ex endilure 8alanGe RESTRICTED FUND The National Bible College (charity no 211471) 314,686 394 100 314,980 DESIGNATED FUND Benevolent Fund Youth Action W E Filmer Christian Propheti¢ Witness Kingdom Foundation 1,288 304 6,257 32,433 5,422 1,288 304 6,223 32,433 5,422 34 360,390 394 134 360,650 National Bible Colle Charit No 211471 Cost 121 Low Ethertey Cash at Bank 351,160 3,409 354,569 Fund Loan from BIWF 314,980 39,589 354,569 This charity has common Trustees, unity of administration and parallel objects to that of The British-lsrael-worfd Federalion and is administered from the same address. li Aecountin Policies Note A: T￿$¢ Accounts thc k)ccounts of H¢(1dq￿rtcIS aNI th¢ UK bTrillch a￿$ of tlK British-Isncl-WoTid Fcdcration. Tl*se Accounts I￿￿.e been prepared in accordance H'ith applicable accounllng standards and Stalen￿nt of ￿e01￿Mellded prdciice accounting b). Cluritles Aci 1995. Profit & Loss a¢¢ouni iran￿clI0ns ar¢ (ra￿lated into st¢rling ai lh¢ e.x¢lung¢ rJl¢ in operation on dale of Ir￿n￿cli0￿ Asseis & Lidbilities deTh)Ininaied in foreign ciurencies are ￿￿nsI31ed IMO slerling ai closing rai¢s. DeSig>￿￿d Fiinds are Mliicli I1￿ Trusiees Ik2ve sel aside as a usefid financial th"sciplI￿ ii'M"¢h ii'ill li¢lp tl Ctwiii n￿ke Ilie besi use ofits resources ev¢ii iliougl) (I￿re is no legal force 10 desigimliol￿. Casli in trai￿11 is ￿)t included a5 Inco1￿ uiiid il lus beeii TeceiTred at Headq￿rierS. DO￿lI0]L￿ U]￿eT Deed of Coi'etuni do nol iiKlude tlie as50cMled liicoiir T&i recoi'erv. Tr liicoille Tai recoi'eTr is iIKluded a5 Incon￿ ii'lien it is receii'ed. L¢g¢i¢ies ar¢ iwlud¢d on a r¢c¢ii"Jble basis. Note H: Fi.N¢d Ass¢ts ￿ iiKlud¢d in a￿ounts ai Iuslotirat wsl atwl ￿ ivrill¢n OIT oi'¢r ¢Stil￿1￿ us¢ful lif¢ b)" d¢pr¢¢ialion t1￿u¥ll t1￿ I￿0￿1¢ aNI Expel￿1¢U[E Kcounl. F￿¢]10]d ptopelli" is d¢prKial¢iL as il is IIK TtUs1¢¢s licN' lo iwiiitain ail bUildU￿J5 lo such a sthlldard Uwi th¢ir ¢stil￿trd ￿sid￿l valu¢ is noi l¢ss ihan ikir rost at Note I: Quoled Lm'esIii￿nIs are itKluded in I1￿ Bal￿￿e s[￿et al tnarkel i'alue. Tlie realised & uiuealised GainslLosses arising on diswsal are accoiiiiied for ii) Ilie I￿oIne ai)d Elpel￿11ure account. Tlie llisiorical cost ialiie of qiioied inN'es1t￿MS are iiKliided li) tlie notes lo t1￿ fiiLqiKial slaieinenls. Unqiioied Imesiineiits are iiKluded at hJ"storical cosl. Note J.. Inierest received is crediied gross to t1￿ Incoine and ENyeThlilure accounl. Note K. Meinberskn"p SubscriptiOJLS are included on receipl. Note L: Adi]un]slratii"e costs comprises all expenses inciirred in running the ch2rih". M"Iiich cannot be direcili" allocaled to tl Clunl)" s projects. 12 THE COVENANT PUBLISHING COMPANY LIMITED The biggest sale of the year was the "Drama of the Lost Disciples" in the USA. We printed this book with our previoiis printers in Arkaiisas, this time was 1,000 copies. They store the excess books free of charge, and handle the freight to our customers. We have one custoiner who regularly picks up a couple of boxes througli tlie year. Our three best sellers here in the UK are 'The Draina of tlie Lost Disciples" Have a Guardian" and "Did our Lord visit Britain" "We Ainazon orders for our books are same as last year as well &s tlie few books we have on 'Kindle'. DAVID ATMER, Company Secretary 13 The Covenant Publishin Com an Ltd Com an Information for the Year Ended 31 March 2024 DIRECTORS. Miss M Dowling Mr N. Mccausland Dr C. Smyth SECRETARY: D J Aimer REGISTERED OFFICE.. 121 Low Elherley Bishop Auckland Co. Durham DL14 OHA REGISTERED NUMBER: 2203118 ACCOUNTANTS. Bamhaze Accountancy Ltd AAT Registered Accountant, Sampford Peverell, Tiverlon, Devon, EX16 7EE 14 The Covenant Publishin Com an Ltd Re 81 ort of the Directors for the Year Ended 31 March 2024 The directors present their report wilh the financial statements of the company for the year ended 31 March 2024. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 20C6 relating to small companies. ON BEHALF OF THE BOARD.. D J Aimer- Company Secretary Date.. 20" April 2025 15 The Covenant Publishin Com an Ltd $1 Balance Sheet 31 March 2024 31.3.24 31.3.23 Notes FIXED ASSETS Tangible assets 371 CURRENT ASSETS Stocks Debtors Investments Cash at bank and in hand 22,687 1,742 10,000 21,046 306 38,447 39,206 CREDITORS Amounts falling due within one year 1,259 816 NET CURRENT ASSETS 37 188 38 390 TOTAL ASSETS LESS CURRENT LIABILITIES CAPITAL AND RESERVES Called up share capital Profit and loss account 10,000 10,000 SHAREHOLDERS, FUNDS 37 559 38 884 The company is entrtled to exemption from audrt under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audtt of its financial sL8tements for the year ended 31 March 2024 in accordance wrth Section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for.. (al ensuring that the company keeps accounting reCO￿lS which comply with Sections 386 and 387 of the Companies Act 2006 and {bl preparing financial slalements which give a true and fair view of the stale of affairs of the company as al the end of each financial year and of ils profrt or loss for each financial year in accordance wf(h the requirements of Sections 394 and 395 and which othetwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable lo the company. The financial slalemenls have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating lo small companies. The financial statements were approved by the Board of Directors on 20 April 2025 and were sKJned on its behalf by.. D J Aimer- Company Se(xetary 16 The Covenant Publishin Com an Ltd Notes to the Financial Statements for the Year Ended 31 March 2024 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 Infonnation page. ACCOUNTING POLICIES Basis of preparing the financial ststements The financial statements have been prepared in accordan￿ with 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 re￿iVed 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 lrfe. Equipment_ 250h on reducing balance Stocks Stocks are valued at the lower cost and net realisable value, after making due allowance for obsolete and slow moving items. EMPLOYEES AND DIRECTORS The average number of employees during the year was 4 (2023- 4) OPERATING (LOSSYPROFIT The operating profil (2023- operating loss) is stated after charging.. 31.3.24 31.3.23 Depreciation - owned assets TANGIBLE FIXED ASSETS Equipment COST At 1 April 2023 and 31 March 2024 27,233 DEPRECIATION At 1. April 2023 Charge for year At 31" March 2024 26,739 123 26 862 NET BOOK VALUE st At 31 March 2024 371 At 31°, March 2023 494 17 Notes to the Financial Statements for the Year Ended 31 March 2024 - continued 31.3.24 31.3.23 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors 1,193 Other debtors 549 1742 302 3CE CURRENT ASSET INVESTMENTS 31.3.24 31.3.23 Loan to BIWF CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 816 816 Other creditors 18 The Covenant Publishin Com an Ltd Tradin and Profit and Loss Account for the Year Ended 31 March 2024 31.3.24 31.3.23 Turnover Book sales Donations Printing Sales 17,235 419 5,854 17,322 241 6,105 23,508 23,668 Cost of sales Opening stock Purchases Printing Purchases 21,046 8,225 7,804 22,492 2,603 7,195 37,075 32,290 21 046 Closing stock GROSS PROFIT 9,120 12,424 Expenditure Salaries Pensions Telephone Postage Stationery & packaging Advertising & printing Equipment Repairs & Servicing Computer and intemet Sundry office expenses Bad Debts Legal & accounlancy 5,688 171 5,688 171 40 2,393 116 276 2,016 141 28 19 570 27 570 487 3,134 Finance costs Bank charges Credit Card & Commissions 1,058 631 995 717 (1,202) 1,422 Depreciation Depn of equipment 123 165 NET PROFITI (LOSS) 19 Eli Press Ltd Com an Information for the Year Ended 31 March 2024 DIRECTORS. Dr C Smyth 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.. Barnhaze Accountancy Ltd AAT Registered Accountant Sampford Peverell Tiverton Devon EX16 7EE 211 Eli Press Ltd Re ort of the Directors for the Year Ended 31 March 2024 The directors present their report with the financial slalements of the company for the year ended 31" March 2024. This report has been prepared in accordance ￿1th the special provisions of Part 15 of the Companies Act 2006 relating to srnall companies. ON BEHALF OF THE BOARD.. D J Aimer- Director Date.. l O Dcccmbcr 2024 Eli Press Ltd sl Balance Sheet 31 March 2024 31.3.24 31.3.23 Notes FIXED ASSETS Tangible Assets 27 CURRENT ASSETS Stocks Cash at bank and in hand 200 512 512 1,936 CREDITORS Amounts falling due within one year 253 240 NET CURRENT ASSETSI(LIABILITIES ) 259 TOTAL ASSETS LESS CURRENT LIABILITIES 286 CAPITAL AND RESERVES Called up share capital Profit and loss account 80 206 80 SHAREHOLDERS. FUNDS TIK Coinp<1ll￿ is enlitled io eieillplion froin auth'i under Section 477 ofthe Coinp