2023-08-31-accounts - International Bible Students Association

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TREAMLINED E	NERGY	AND	CA	RBON REPOR	TING	TING
					Current reporting		year	Comparison	reporting year
					2022-2023			2021-2022
					tCO.e		kwli	tCO~e	liwll
Quantity ofenergy	consumed	resulting		from		11,926,565			11,801,296
activities for which	the Association		is	res onsible
Emissions from combustion		of as	Sco e I		I 440			1,488
Emissions from combustion		offuel	for transport			66		58
uses Sco e I	standard	diesel
Emissions from urchased electrici				Sco e2		777		657
Total ross tCO2e	based on	above			2	283		2,203

for the Year Ended	31s	t August 2023
				2023	2022
				Unrestricted	Unrestricted
			Notes	fundf	fund f,
INCOME AND ENDOWMENTS FROM
Donations and legacies				37,347,376	59,285,204
Investment income				94,027	6,706
Other income				2,972,563	4,181,075
Total				49473966	63472935
EXPENDITURE ON
Charitable activities
Pmvision ofconventions		for Bible education		2,088,414	45,682
Donations and aid				25,008,972	35,009,532
Provision ofserviced	facilities			5,963,705	5,003,581
Caring for members	ofthe Order			10,403,711	8,376,468
Pmvision offacilities literature	toproduce Bible-based			376,514	342,970
Total				43,841,316	48,778,233
NET INCOME/(EXPENDITURE)				(3,427,350)	14,694,752
RECONCILIATION		OFFUNDS
Total funds brought	forward			168,933,691	154,238,940
TOTAL FUNDS CARRIED FORWARD				165,506,341	168,933,692

		2023	2022
		Unrestricted	Vnrestricted
	Notes	fundf	fundf
FIXEDASSETS
Tangible assets Social investments	9 10	165,905,728 460,215	170,052,018 460,215
		166,365,943	170,512,233
CURRENT ASSETS
Stocks	ll	148,700	167,727
Debtors Cash at bank and in hand	12	2,437.850 2,574,286	3,410,460 472,241
		5,160,836	4,050,428
CREDITORS
Amounts falling due within one year	13	(3,092,557)	(2,201,089)
NET CURRENT ASSETS		2,068,279	1,849,339
TOTAL ASSETSLESSCURRENT
LIABILITIES		168,434,222	172,361,572
CREDITORS
Amounts falling due after more than one year	14	(2,927,881)	(3,427,881)
NET ASSETS		165,506,341	168,933,691
FUNDS	17
Unrestricted funds		165,506,341	168,933,691
TOTAL FUNDS		165596.341	166.933.691

Cash Flow Statement for the Year Ended 31stAugust 2023
	Notes	2023	2022f
Cash flows from operating activities Cash generated from operations	19	~811.020]	12813.191
Net cash (used in)/provided by operatmg	activities	(811,020)	12,813,191
Cash flows from investing activities Purchase oftangible fixed assets Saleoftangible fixed assets Interest received		(5,746,264) 8,565,302 94,027	(21,174,787) 6,957,338 6,706
Net cash provided by/(used in) investing	activities	2,913,065	~14,2111,7437
Change in cash and cash equivalents the reporting period	in	2,102,045	(1,397,552)
Cash and cash equivalents at the beginning ofthe reporting period		472,241	1,869 793
Cash and cash equivalents at the end the reporting period	of	2,574,286	472.241

fixed assets
Freehold	land	Not depreciated
Buildings		2%to 2.5%on cost
Plant and	machinery	10%on cost
Motor vehicles		14%to 20%on cost
Assets in	the course ofconstruction	Not depreciated
Fixtures	and fittings	20%on cost
Computer	Equipment	14%to 33%on cost

		2023	2022f
Gifl aid		2,169,315	2,370,630
Legacies Non-cash donations Cash donations		7,427,562 3,514,982 24,235,517	7,632,326 19,899,063 29,375,345
Other Income			7,840
		37,347,376	59,285,204
INVESTMENT	INCOME
		2023	2022f
Deposit account	interest	94,027	6,706
OTHER INCOME
		2023	2022
			f
Gain on sale oftangible fixed assets		2,837,271	4,150,700
Foreign currency	gains	24,575
Other revenue		110,717	30,375
		2,972,563	4,181075

					Support
				Direct	costs (see
				Costs	note 6) f	Totalsf
Provision of		conventions	for Bible
education				1,850,026	238,388	2,088,414
Donations	and aid			25,008,972		25,008,972
Provision	of	serviced facilities		5,243,326	720,379	5,963,705
Caring for	members ofthe Order			9,150,460	1,253,251	10,403,711
Provision of Bible-based		facilities to literature	produce	330,902	45,612	376,514
				41 583 686	2,257,630	43,841 316

				Support
			Direct	costs (see	Totals
			Costs	note 6)
Provision	ofconventions	for Bible education	39,852	5,830	45,682
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	299,211	43,759	342,970
			47,057,961	1,720,272	48,778,233

SUPPORT COSTS
			Governance
	Maoagemeot	Finance	costs	Totals
				f.
Provision ofconventions for Bible education	213,843	17,947	6,598	238,388
Provision ofserviced facilities	646,203	54,234	19,942	720,379
Caring for members ofthe Order	1,124,206	94,352	34,693	1,253,251
Provision offacilities to produce Bible-based literature	40,915	3434	1,263	~45 612
	2 025,167	169,967	62,496	2,257,630

Comparatives for 2022
				Governance
		Management	Finance	costsf	Totals
Provision ofconventions	for Bible education	5,222	532	76	5,830
Provision ofserviced facilities		538,358	54,807	7,840	601,005
Caring for members ofthe Order		958,179	97,546	13,953	1,069,678
Provision offacilities to	produce Bible-based
literature		39,198	3,990	571	43,759
		1,540,957	156,875	22,440	1,720,272

		7023	2022
		f	f
Auditors'	remuneration	62,496	22,440
Depreciation - owned assets		4,110,068	4.254,020
Surplus	on disposal offixed assets	~2,782,8(6)	~4,127.540)

TANGIBLE FIXEDASSETS
		Assets in
		the
	Freehold	course of	Plant and
	property f	construction f	machinery f
COST
At 1st September 2022	186,682,980	33,850	2,027,089
Additions	4,382,427	717,009	95,763
Disposals Reclassification	(6,098,237) 33850	~338503	(102,089) 9985
At 31stAugust 2023	185001,070	717009	2,030,748
DEPRECIATION
At 1st September 2022	18,918,416		874,959
Charge for year	3,783,201		119,007
Eliminated on disposal	(406,892)		(65,999)
Reclassification/transfer			1 997
At 31stAugust 2023	22,294,725		929,964
NET BOOK VALVE
At 31st August 2023	162,706,295	717,009	1,100,784
At 31stAugust 2022	167,764,564	33.850	3 352.330

	Fixtures
	and	Motor	Computer
	fittings f	vehicles f.	equipment f	Totals
COST
At 1st September 2022	82,517	1,220,561	485,783	190,532,780
Additions	155,133	309,378	86,554	5,746,264
Disposals Reclassification	~9985)	(76,746)	(17,388)	(6,294,460)
At 31stAugust 2023	227.665	1,453,193	554949	189.984,584
DEPRECIATION
At 1st September 2022	38,599	360,923	287,865	20,480,762
Charge for year Eliminated on disposal Reclassification/transfer	18,550 ~1.997)	131,549 (27,126)	57,761 (11,957)	4,110,068 (511,974)
At 31stAugust 2023	55,152	465,346	333,669	24,078,856
NET BOOKVALUE
At 31stAugust 2023	172,513	987,847	221,280	165,905,728
At 31stAugust 2022	43,918	859,638	197,918	170,052,018

SOCIAL INVESTMENTS
	Programme
	related
	investmenls
	equity
COST
At 1st September 2022 and
31stAugust 2023	460,215
NET BOOKVALUE
At 31stAugust 2023	460,215
At 31stAugust 2022	460,215

					2023	2022
					f	f.
	Stocks -	electrical, maintenance		and home supplies	148,700	167,727
12.	DEBTORS:		AMOUNTS FALLING DUE WITHIN ONE YEAR
					2023	2022
					f	f
	Other debtors				684,610	1,506,002
	Prepayments		and accrued income		1,753,240	1,904,458
					2,437,850	3,410,460
13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
					2023	2022
					f
	Trade creditors				468,478	262,929
	Other creditors				1,845,820	1,771.692
	Deferred	income			500,000
	Accrued	expenses			278,259	166.468
					3,092,557	2,201,089
14.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
					2023	2022
					f	f.
	Other loans (see note 15)				2,927,881	2,927,881
	Accruals	and	deferred income			500,000
					2 927 881	3,427 881
15.	LOANS

	2023	2022
	f	f
Within one year	403,886	263,014
Between one and five years	49,846	264,792
	453,732	527,806

MOVEMENT	MOVEMENT	IN FUNDS
								Net
								movement	At
							At 1.9.22	in funds	31.8.23
							f.	f	f
Unrestricted	funds
General fund							168,933,691	(3,427,350)	165,506,341
TOTAL FUNDS							168,933,691	~3,427 350)	165,506.341
Net movement		in funds, included			in the above	are as follows:
							Incoming	Resources	Movement
							resources f	expended	in funds
Unrestricted		funds
General fund							40,413,966	(43,841,316)	(3,427,350)
TOTAL FUNDS							40,413966	~43,841,316)	)3,427,350)
Comparatives		for tnovement		in	funds
								Net
								movement	At
							At 1.9.21	in funds	31.8.22
							f	f	f
Unrestricted		funds
General fund							154,238,940	14,694,751	168,933,691
TOTAL FUNDS							154,238,940	14,694,751	168,933,691
Comparative		net movement	in	funds, included		in the above are	as follows:
							Incoming	Resources	Movement
							resources	expended	in funds f
Unrestricted		funds
General fund							63,472,985	(48,778,234)	14,694,751
TOTAL FUNDS							63.472.985	~48,778.234)	14.694,751

OPERATING ACTIVITIES
		2023 f.	2022f
Net (expenditure)/income for the reporting Statement ofFinancial Activities) Adjustments for:	period (as per the	(3,427,350)	14,694,751
Depreciation charges Profit on disposal offixed assets Interest received Donated fixed assets received/sent Decrease/(increase) in stocks Decrease/(increase) in debtors Increase in creditors		4,110,068 (2,782,816) (94,027) 19,027 972,610 391,468	4.254,020 (4,127,540) (6,706) 66,796 (12,877) (2.329,853) 274,600
Net cash (used in)/provided by operations		(811,020)	12,813,191

ANALYSIS OF CHANGES IN NET DEBT
	Ai 1.9.22	Cash tlow	At 31.8.23
		f
Net cash
Cash at bank and in hand	472,241	2,102,045	2,574,286
	472,241	2,102,045	2,574,286
Debt
Debts falling due afier 1 year	~2,927,881)		(2,927,881)
	~2,927,881)		~2,927,881)
Total	~2,455,640)	2,102045	~353,595)

FINANCIAL INSTRUMENTS
			2023	2022
Debt instruments at amortised	cost
Other debtors			684,610	1,506,002
Accrued income			1,753,240	1,904,458
Total			2437 850	3,410,460
Financial Liabilities at amortised		cost
Trade creditors			468,478	262,576
Other creditors			1,845,820	1,771,692
Accrued expenses			278,259	166,468
Deferred income & 1 year Other loans &1 year Accruals and deferred income			500,000 2,927,881	2,927,881 500,000
Total			6,020,438	5,628,617