2022-08-31-accounts - International Bible Students Association

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STRATEG1	STRATEG1	C REPORT
Greenhouse		Gas Emissions, Energy	Consumption	&Energy	Efficiency
					Carbon
					Tonnes	KwH
Quantity	of	emissions in tonnes of carbon dioxide		equivalent
resulting	from activities for which the		company is responsible		2,155
Quantity	of	energy consumed resulting	from activities	for
which the company is responsible						11,615,281

			2022	2021
			Unrestricted	Unrestricted
			fund	fund
		Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies			59,285,204	34,867,079
Investment income			6,706	1,583
Other income			4,181,075	36,938,741
Total			63,472,985	71,807,403
EXPENDITURE ON
Charitable activities
Provision ofconventions	for Bible education		45,683	79,494
Donations and aid			35,009,532	63,525,482
Provision ofserviced facilities			5,003,581	3,499,796
Caring for members ofthe Order Provision offacilities to produce Bible-based literature			8,376,468 342,970	8,087,083 312,113
Total			48,778,234	75,503,968
NET INCOME/(EXPENDITURE)			14,694,751	(3,696,565)
RECONCILIATION OF FUNDS
Total funds brought fortvard			154,238,940	157,935,505
TOTAL FUNDS CARRIED FORWARD			6893369	33 .238 949

Balance Sheet 31stAugust 2022
		2022	2021
		Unrestricted	Unrestricted
		fund	fund
	Notes
FIXEDASSETS
Tangible assets	9	170,052,018	156,027,845
Social investments	10	60.2	460 215
		170,512,233	156,488,060
CURRENT ASSETS
Stocks	11	167,727	154,850
Debtors	12	3,410,460	1,080,607
Cash at bank and in hand		472241	1 869 793
		4,050,428	3,105,250
CREDITORS
Amounts falling due within one year	13	(2,201,089)	(1,926,411)
NET CURRENT ASSETS		1,849,339	1,178,839
TOTAL ASSETS LESSCURRENT LIABILITIES		172,361,572	157,666,899
CREDITORS
Amounts falling due alter more than one year	14	(3,427,881)	(3,427,959)
		cozen
NET ASSETS		168 933 691	154238 940
FUNDS	16
Unrestricted funds		68,933.69	5 238.940
TOTAL FUNDS		168,933 691	154238,940

				Notes	2022		2021f
Cash flows from operating activities Cash generated from operations				18	12,813,191	~220,835)
Net cash provided by/(used	in) operating		activities		12,813,191	~44220835)
Cash flows from investing	activities
Purchase oftangible fixed assets Sale oftangible fixed assets					(21,174,787) 6,957,338	(612,512) 45,908,030
Interest received					6,706		I 583
Net cash (used in)/provided	by investing		activities		~4,2 0 7 3)	4	297.308
Cash flows from financing Loan repayments in year	activities					~00tl.000)
Net cash provided by/(used	in) financing		activities			~)000 OIIO)
Change in cash and cash equivalents		in	the
reporting period					(1,397,552)		76,266
Cash and cash equivalents	at the beginning of
the reporting period					1,869,793		1,793,527
Cash and cash equivalents	at the end	ofthe
reporting period					472,241		1,869,793

DONATIONS AND L	EGACIES
			2022		2021
Legacies			7,632,326		3,073,698
Non-cash donations			19,899,063		1,059,842
Cash donations			31,745,975	30,695,403
Other Income			7,840		38,136
			59,285,204	3	867079
INVESTMENT INCOME
			2022		2021
Deposit account intermt			~6706		1,583
OTHER INCOME
			2022		2021
			f		f
Gain on sale oftangible	fixed assets		4,150,700	36,825,799
Foreign currency gains					(6,411)
Income from recycling			30.375		119353
			4 8,0 5	36938 7
CHARITABLE ACTIVITIES COSTS
			Support
		Direct	costs (see
		Costs f	note 6) f		Totalsf
Provision ofconventions	for Bible education	39,853	5,830		45,683
Donations and aid		35,009,532		35,009,532
Provision ofserviced facilities		4,402,576	601,005		5,003,581
Caring for members ofthe Order		7,306,790	1,069,678		8,376,468
Provision offacilities to	produce Bible-based
literature		29921	43 759		342 970
		47.05 .962	1 720.272	48.778 234

SUPPORT COSTS
		Information		Governance
	Finance f	technology f	Other	costs	Totals f
Provision ofconventions for
Bible education	532	5,075	147	76	5,830
Provision ofserviced facilities	54,807	523,308	15,050	7,840	601,005
Caring for members ofthe	97,546	931,392	26,787	13,953	1,069,678
Order
Provision offacilities to produce Bible-based literature	3,990	~38 102	~1096	571	~43 759
	156,875	~1497877	43,080	~22 440	~1720272
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated afier charging/(crediting):
				2022f	2021f
Auditors' remuneration				22,440	20,400
Depreciation -owned assets				4,254,020	4,068,057
Other operating leases Surplus on disposal offixed assets				355,513 ~4)27.646)	142,683 ~36828474)

TANGIBLE FIXEDASSETS
				Assets in
				the
			Freehold	course of	Plant and
			property f	construction f.	machinery
COST
At 1st September 2021		169,532,416		77,628	1,987,476
Additions Disposals Reclassification		20,480,569 (3,330,005)		47,387 ~9) 65)	88,439 (139,991) 91 165
At 31stAugust 2022		86	682 980	33 850	2 027 089
DEPRECIATION
At 1st September 2021		15,465,341			852,329
Charge for year Eliminated on disposal		3,960,959 ~507 88 )			126,093 ~)03463)
At 31stAugust 2022		18918416			874 959
NET BOOK VALUE
At 31stAugust 2022		67	64.564	33 850	1 2, 30
At 31stAugust 2021		154067.0		77.6 8	1,135147
	Fixtures
	and		Motor	Computer
	fittings f		vehicles f	equipment	Totals
COST
At 1st September 2021	64,434		767,792	483,907	172,913,653
Additions	18,083		520,319	19,990	21,174,787
Disposals			(67,550)	(18,114)	(3,555,660)
Reclassification
At 31stAugust 2022	82517	1220561		485 783	90532 780
DEPRECIATION
At 1stSeptember 2021	27,878		299,845	240,415	16,885,808
Charge for year Eliminated on disposal	10,721	101,307 ~40229)		54,940 ~7490)	4,254,020 ~659066)
At 31stAugust 2022	38599		3609 3	287865	20. 80.762
NET BOOK VALUE At 31stAugust 2022 At 31stAugust 2021	43918 3		859.638 197,918 .9»		170,052,018 »,8

for th	e Year Ended 31stAugust 2022
10.	SOCIAL INVESTMENTS
		Programme
		related
		investments
		equityf
	MARKET VALUE
	At 1st September 2021 and 31stAugust 2022	460,215
	NET BOOKVALUE
	At 31stAugust 2022	466 216
	At 31stAugust 2021	460,215

STOCKS
		2022 f	2021f
Stocks - electrical, maintenance,	and home supplies	~167727	154,850
DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
		2022	2021
		f	f
Other debtors Prepayments and accrued income		1,506,002 ~1904458	921,106 ~159501
		~3410,460	~1080,607
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2022	2021
			f
Trade creditors		262,929	119,235
Other creditors Accrued expenses		1,771,692 ~166468	1,688,824 ~118352
		2,201,089	~1926,411

	2022	2021
	f
Other loans (see note 15)	2,927,881	2,927,881
Accruals and deferred income (see note 21)	500,000	500,078
	3,427,881	~3,427 959

MOVEMEN	T IN FUNDS
					Net
					movement	At
				At 1.9.21	in funds	31.8.22
				f		f
Uarestricted	funds
General fund				154,238,940	14,694,751	168,933,691
TOTAL FUNDS				154238.940	.69 . 5	168,933 691
Net movement	in funds, included		in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in fundsf
Unrestricted	funds
General fund				63,472,985	(48,778,234)	14,694,751
TOTAL FUNDS				63472985	~87782347	14694751
Comparatives	for movement	in	funds
					Net
					movement	At
				At 1.9.20	in funds	31.8.21
					f	f
Unrestricted	funds
General fund				157,935,505	(3,696,565)	154,238,940
TOTALFUNDS				».9 . 0	~3.6 6

												Incoming		Resources	Movement
												resources		expended	in funds f
Unrestricted funds
General fund											71,807,403			(75,503,968)	(3,696,565)
TOTAL FUNDS											7	807403	~75 503 968)		~3696,565)
A current year 12months			and		prior year 12months combined				position is as		follows:
														Net
														movement	At
												At 1.9.20 f		in funds f	31.8.22
Unrestricted fuads
General fund											157,935,505			10,998,186	168,933,691
TOTAL FUNDS												935505		10998,186	168933691
A current year 12months			and		prior year 12months combined				net movement		in	funds, included		in the above	are as follows:
												Incoming		Resources	Movement
												resources		expended f	in funds
Unrestricted funds
General fund											135,280,388		(124,282,202)		10,998,186
TOTAL FUNDS											3	280388	~124282202)		I)998186
RELATED PARTY		DISCLOSURES
Although there are	no related				parties,	the Association		works	closely	with	other charities		in many countries		which have similar
aims and objectives.	This		is	explained		further	in the 'Wider Network'			paragraph		ofthe Report ofthe Trustees.
RECONCILIATION		OF NET INCOME/(EXPENDITURE)							TO	NET CASH FLOW			FROM OPERATING ACTIVITIES
														2022	2021
														f
Net income/(expenditure)				for the reporting			period	(as per the Statement			of
Financial Activities)														14,694,751	(3,696,565)
Adjustments for:
Depreciation charges														4,254,020	4,068,057
Profit on disposal offixed			assets											(4,127,540)	(36,828,474)
Interest received														(6,706)	(1,583)
Donated fixed assets received/sent														66,796	(545,945)
Increase in stocks														(12,877)	(41,988)
(Increase)/decrease Increase/(decrease)	in in	debtors creditors												(2,329,853) 274,600	798,208 ~7972.5 5
Net cash provided	by/(used				in) operations									2,813,191	~44.220.835

			At 1.9.21	Cash flow	At 31.8.22
				f
	Net cash
	Cash at bank and in hand		~1869,793	~1,397,552)	472,241
			~1,869793	~1397,552)	472,241
	Debt
	Debts falling due after 1 year		~2,927,881)		2,927 881
			~2,927881)		2 927,881
	Total		~1058,088)	~1397552)	~2455 640
20.	FINANCIAL INSTRUMENTS
				2022	2021
	Debt instrumeats at amortised	cost
	Other debtors			1,506,002	921,106
	Accrued income			,904458	105,628
	Total			3 410 60	1,026,734
	Financial Liabilities at amortised cost
	Trade creditors			262,576	119,235
	Other creditors			1,771,692	1,688,824
	Accrued expenses			166,468	118,352
	Other loans &1 year			2,927,881	2,927,881
	Accruals and deferred income			500 000	500,078
	Total			5 628.6 7	5,354,370
21.	DEFERRED INCOME
					f
	Deferred income as at 1st September 2021 Excess amount				500,078 ~78)
	Deferred income as at 31stAugust 2022				~500000
	Deferred income relates to adeposit received for a property sale.