2020-09-30-accounts - Biblica Europe Ministries Trust

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				Page
Reference and administrative		details ofthe company,	its Trustees and advisers
Trustees' report				2-6
Trustees' responsibilities statement
Independent auditors'	report	on the financial statements		8-10
Statement offinancial	activities
Balance sheet				12
Statement ofcash flows				13
Notes to the financial	statements			14-29

REFERENCE AND	REFERENCE AND	REFERENCE AND	ADMINISTRATIVE	DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS
			FOR THE YEAR ENDED 30SEPTEMBER2020
Trustees			SCave
			K Good
			D Harding
			N Pope
			G Russell
			E Duncan
			G Fitch
Company	registered
number			00753259
Charity registered
number			227111
Registered		office	21-27 Griffin Stone
			Moscrop Lambs
			Conduit Street
			London
			WC1N 3GS
Principal	operating		The Mount Business Centre
office			2 Woodstock	Link
			Belfast
			BT6SDD
Independent		auditors	Miscampbell	&Co
			Chartered Accountants
			Statutory Auditors
			6Annadale Avenue
			Belfast
			BT73JH
Bankers			Danske Bank
			Donegall Square West
			Belfast
			BT16JS
Solicitors			Hewitt & Gilpin
			14-16James	Street South
			Belfast
			BT27GA

				Unrestricted	Restricted	Total	Tofal
				funds	funds	funds	funds
			Note	2020	2020	2020f	2019
Income from:
Donations and	legacies			110,744	515,598	626,342	609,273
Charitable activities				445,461	223	445,684	336,550
Investments				502		502	318
Total income				556,707	515,821	1,072,528	946,141
Expenditure on:
Raising funds				81,665	180	81,845	25,354
Charitable activities				602,427	372,927	975,354	816,212
Total expenditure				684,092	373,107	1,057,199	841,566
Net movement	in funds			(127,385)	142,714	15,329	104,575
Reconciliation	offunds:
Total funds brought		forward		417,263	105,953	523,216	418,641
Net movement	in funds			('I27,385)	142,714	15,329	104,575
Total funds carried forward				289,878	248,667	538,545	523,216

					2020		2019
			Note
Fixed assets
Tangible assets					5,198		3,847
					5,198		3,847
Current assets
Stocks			15	43,219		38,987
Debtors			16	130,531		58,399
Cash at bank and in hand				489,095		451,553
				662,845		548,939
Creditors: amounts	falling due within one
year			17	(129,498)		(29,570)
Net current assets					533,347		519,369
Total assets less current liabilities					538,545		523,216
Net assets excluding		pension asset			538,545		523,216
Total net assets					538,545		523,216
Charity funds
Restricted funds			19		248,667		105,953
Unrestricted funds			19		289,878		417,263
Total funds					538,545		523,216

				2020	2019
				E
Cash flows from operating	activities
Net cash used in operating	activities			41,705	93,620
Cash flows from investing	activities
Dividends, interests and rents from investments				502	318
Purchase oftangible fixed assets				(4,665)	(4,309)
Net cash used in investing	activities			(4,163)	(3,991)
Cash flows from financing	activities
Net cash provided by financing activities
Change in cash and cash	equivalents	in	the year	37,542	89,629
Cash and cash equivalents	at the beginning		ofthe year	451,553	361,924
Cash and cash equivalents	at the end of		the year	489,095	451,553
The notes on pages 14to 29 form part ofthese financial statements

					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
					2020	2020	2020	2019
					f
Other	income	from	charitable	activities	445,461	223	445,684	336,550
Total	2019				322,903	13,647	336,550

			Unrestricted	Total	Total
			funds	funds	funds
			2020	2020	2019
			E
Bank	interest	receivable	502	502	318
Total	2019		318	318

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2020 K	2020	2020f	2019
Fundraising	expenditure	19,379	180	19,559	25,354
Wages and	salaries	61,623		61,623
Depreciation		663		663
		81,665	180	81,845	25,354
Total 2019		25,143	2'/1	25,354

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2020	2020	2020	2019
		F	F	E
Charitable	activity	602,427	372,927	975,354	816,212
Total 2019		486,457	329,755	816,212

		Unrestricted	Total	Total
		funds	funds	funds
		2020	2020	2019
		F	F	E
Auditors'	remuneration	5,139	5,139	4,500
Legal fees		3,970	3,970	2,462
Trustees	expenses	1,992	1,992	3,298
		11,101	11,101	10,260

		Activities
		undertaken	Total	Total
		directly	funds	funds
		2020	2020	2019
			F	E.
Charitable	activity	975,354	975,354	816,212
Total 2019		816,212	816,212

								Charitable	Total	Total
								Activities	funds	funds
								2020	2020	2019
	Staff costs							313,602	313,602	263,112
	Depreciation							2,651	2,651	2,977
	Bible translation	and engagement				projects		213,301	213,301	170,923
	Publishing and distribution			ofBibles				434,699	434„699	368,940
	Trustees expenses							1,992	1,992	3,298
	Auditors' remuneration							5,139	5,139	4,500
	Legal fees							3,970	3,970	2,462
								975,354	975,354	816,212
	Total 2019							816,212	816,212
11.	Auditors' remuneration
									2020	2019
										E
	Fees payable to	the company's			auditor		for the audit ofthe company's
	annual accounts								5,139	4,500
	Fees payable to	the company's			auditor		in respect of:
	All non-audit services not			included		above			2,852	1,367
12.	Staff costs
									2020	2019
	Wages and salaries								333,935	236,677
	Social security costs								30,587	18,269
	Contribution to defined		contribution			pension schemes			10,703	8,166
									375,225	263,112

Directors
Office 8 support	staff

2020	2019
No.	No.
	12

2020	2019
No.	No.

2020	2019
No.	No.

			Fixtures and
			fittings
	Cost or valuation
	At 1 October 2019		7,690
	Additions		4,665
	Disposals		(561)
	At 30September 2020		11,794
	Depreciation
	At 1 October 2019		3,843
	Charge for the year		3,314
	On disposals		(561)
	At 30September 2020		6,596
	Net book value
	At 30September 2020		5,198
	At 30September 2019		3,847
15.	Stocks
		2020f	2019
	Finished goods and goods for resale	43,219	38,987

				2020	2019
				f.
Due within one year
Trade debtors				102,684	18,666
Amounts	owed by group undertakings			14,691	21,881
Other debtors				10,134	11,121
Prepayments and accrued income				3,022	6,731
				130,531	58,399
Creditors: Amounts		falling due within one year
				2020	2019
					E
Trade creditors				30,592	2,731
Amounts	owed to group undertakings			15,000	6,000
Other taxation and social security				15,492	9,523
Accruals	and deferred	income		68,414	11,316
				129,498	29,570
Financial	instruments
				2020	2019
					E
Financial	assets
Financial	assets measured at fair value through		income and expenditure	489,095	451,553

Statement	offun	ds - current year
						Balance at
			Balance at 1			30
			October			September
			2019f	Income E	Expenditure E	2020
Unrestricted funds
General Funds -		all funds	417,263	556,707	(684,092)	289,878
Restricted	funds
Community	Bible	Experience	3,106		(3,106)
Other translation		projects	6,156	8,536	(7,814)	6,878
Other Restricted		Funds	5,'I 86		(269)	4,917
Childrens'	Luke /Acts		8,550	20	(8,570)
Refugees			2,165	84,688	(86,853)
Accessible	Bible		4,000	1,193	(2,705)	2,488
Ukranian Translation			9,830	37,263	(39,964)	7,129
Italian Revision			7,279			7,279
Romanian	Bible 8 Study Notes		(1)	6,367	(1,903)	4,463
East Asia			57,446	210,022	(58,940)	208,528
Croatian 8	Farsi	Translation	663	24,743	(20,536)	4,870
Polish Old	Testament		755			755
Turkish			818	542		1,360
Continental	Europe			102,737	(102,737)
Millenial				24,885	(24,885)
Russian Bible Revision				14,825	(14,825)
			105,953	515,821	(373,107)	248,667
Total offunds			523,216	1,072,528	(1,057,199)	538,545

Statement offunds	(continued)
Statement offunds	- prior year
					Balance at
		Balance at			30
		1October			September
		2018	Income	Expenditure	2019f
Unrestricted funds
General Funds - all funds		330,016	598,847	(5'I1,600)	417,263
Restricted funds
German Bible Translation		5'/3		(513)
Community Bible Experience		870	6,236	(4,000)	3,106
Other translation projects		8,852	22,033	(24,729)	6,156
Other funds for work	in China	10,905		(10,905)
Other Restricted Funds		5,186			5,186
Swedish Translation	8 Study Notes	45		(45)
Childrens' Luke IActs		37,082	14,648	(43,180)	8,550
Refugees		19,751	17,469	(35,055)	2,165
Accessible Bible		(3,232)	36,133	(28,901)	4,000
Ukranian Translation		6,110	42,048	(38,328)	9,830
Italian Revision		2,543	29,260	(24,524)	7,279
Romanian Bible 8 Study Notes			13,138	(13,139)	(1)
East Asia			128,726	(71,280)	57,446
Croatian 8 Farsi Translation			18,'l46	(17,483)	663
Polish Old Testament			12,375	(11,620)	755
Turkish			5,248	(4,430)	818
Continental Europe			1,834	(1,834)
		88,625	347,294	(329,966)	105,953
Total offunds		418,641	946,141	(841,566)	523,216

				Balance at
	Balance at 1			30
	October			September
	2019	Income	Expenditure	2020
	F	F
General funds	417,263	556,707	(684,092)	289,878
Restricted funds	105,953	515,821	(373,107)	248,667
	523,216	1,072,528	(1,057,199)	538,545

Summary	offunds - prior year
					Balance at
		Balance at			30
		1 October			September
		2018	Income f	Expenditure	2019
General funds		330,016	598,847	(511,600)	417,263
Restricted	funds	88,625	347,294	(329,966)	105,953
		418,641	946,141 i	(841,566)	523,216

Analysis	ofn	et ass	ets	between funds - cur	rent period
					Unrestricted	Restricted	Total
					funds	funds	funds
					2020	2020	2020
					F	F	F
Tangible	fixed	assets			5,198		5,198
Current	assets				414,178	248,667	662,845
Creditors	due	within	one	year	(129,498)		(129,498)
Total					289,878	248,667	538,545

			Unrestricted	Restricted	Total
			funds .	funds	funds
			2019	2019	2019
Tangible	fixed	assets	3,847		3,847
Current	assets		436,987	111,952	548,939
Creditors	due	within one year	(23,571)	(5,999)	(29,570)
Tl			417,263	105,953	523,216

22.	Reconciliation of	net movement	in funds	to net cash flow from operat	ing activities
					2020	2019
					E
	Net income for the	period (as per	Statement	of Financial Activities)	15,329	104,575
	Adjustments for:
	Depreciation charges				3,314	3,719
	Dividends, interests	and rents from investments			(502)	(318)
	Decrease/(increase)	in stocks			(4,232)	22,357
	Increase in debtors				(72,132)	(12,657)
	Increase/(decrease)	in creditors			99,928	(24,056)
	Net cash provided	by operating	activities		41,705	93,620
23.	Analysis of cash and cash equivalents
					2020	2019
	Cash in hand				489,095	451,553
	Total cash and cash equivalents				489,095	451,553

						At 1		Ai 30
						October		September
						2019	Cash flows	2020
							F
Cash	at	bank	and	in	hand	451,553	37,542	489,095
						451,553	37,542	489,095

Annual	Annual
Amount,	Income
(504,834)	(504,834)
(504,834)	(504,834)