| Page | ||||
|---|---|---|---|---|
| Reference and administrative | details ofthe company, | its Trustees and advisers | ||
| Trustees' report | 2-7 | |||
| Trustees' responsibilities statement |
||||
| Independent auditors' |
report | on the financial statements | 9-12 | |
| Statement offinancial | activities | 13 | ||
| Balance sheet | 14 | |||
| Statement ofcash flows | 15 | |||
| Notes to the financial | statements | 16-31 |
| REFERENCE AND | REFERENCE AND | ADMINISTRATIVE | ADMINISTRATIVE | ADMINISTRATIVE | DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS | |
|---|---|---|---|---|---|---|
| FOR | THE | YEAR ENDED 30SEPTEMBER2021 | ||||
| Trustees | SCave | |||||
| KGood | ||||||
| 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 | 2Woodstock | Link | ||||
| Belfast | ||||||
| BT68DD | ||||||
| Independent | auditors | Miscampbell | 8 | Co | ||
| Chartered | Accountants | |||||
| Statutory | Auditors | |||||
| 6Annadale | Avenue | |||||
| Belfast | ||||||
| BT73JH | ||||||
| Bankers | Danske Bank | |||||
| Donegall | Square West | |||||
| Belfast | ||||||
| BT16JS | ||||||
| Solicitors | Hewitt 8 Gilpin | |||||
| 14-16James | Street South | |||||
| Belfast | ||||||
| BT27GA |
| Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2021 | 2021 | 2021 | 2020 | ||||
| Note | E | f. | |||||
| Income from: | |||||||
| Donations and |
legacies | 297,981 | 728,568 | 1,026,549 | 626,342 | ||
| Charitable activities |
510,595 | 80 | 510,675 | 445,684 | |||
| Investments | 573 | 573 | 502 | ||||
| Total income | 809,149 | 728,648 | 1,537,797 | 1,072,528 | |||
| Expenditure on: |
|||||||
| Raising funds | 87,274 | 59 | 87,333 | 81,845 | |||
| Charitable activities |
76&,349 | 740,659 | 1,509,008 | 975,354 | |||
| Total expenditure | 855,623 | 740,718 | 1,596,341 | 'l,057, l99 | |||
| Net movement | in funds | (46,474) | (12,070) | (58,544) | 15,329 | ||
| Reconciliation | offunds". | ||||||
| Total funds brought | forward | 289,878 | 248,667 | 538,545 | 523,216 | ||
| Net movement | in funds | (46,474) | (12,070) | (58,544) | 15,329 | ||
| Total funds carried forward | 243,404 | 236,597 | 480,001 | 538,545 |
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| Note | K | |||||||
| Fixed assets | ||||||||
| Tangible assets | 14 | 4,328 | 5,198 | |||||
| 4,328 | 5,198 | |||||||
| Current assets | ||||||||
| Stocks | 15 | 3,162 | 43,219 | |||||
| Debtors | 16 | 214,196 | 130,53/ | |||||
| Cash at bank and | in | hand | 773,932 | 489,095 | ||||
| 991,290 | 662,845 | |||||||
| Creditors: amounts | falling due within one | |||||||
| year | 17 | (515,617) | (129,498) | |||||
| Net current assets | 475,673 | 533,347 | ||||||
| Total assets less | current liabilities | 480,001 | 538,545 | |||||
| Net assets excluding | pension asset | 480,001 | 538,545 | |||||
| Total net assets | 480,001 | 538,545 | ||||||
| Charity funds | ||||||||
| Restricted funds | 19 | 236,597 | 248,667 | |||||
| Unrestricted funds |
19 | 243,404 | 289,878 | |||||
| Total funds | 480,001 | 538,545 |
| STATEMENT OF CASH FLOWS | STATEMENT OF CASH FLOWS | |||||
|---|---|---|---|---|---|---|
| FOR THE YEAR ENDED 30SEPTEMBER 2021 | ||||||
| 2021 | 2020 | |||||
| F | ||||||
| Cash flows from operating | activities | |||||
| Net cash | used in operating |
activities | 286,174 | 41,705 | ||
| Cash flows from investing | activities | |||||
| Dividends, | interests and rents from investments |
573 | 502 | |||
| Purchase | oftangible fixed assets |
(1,910) | (4,665) | |||
| Net cash | used in investing |
activities | (1,337) | (4,163) | ||
| Cash flows from financing | activities | |||||
| Net cash | provided by financing activities |
|||||
| Change | in cash and cash | equivalents | in | the year | 284,837 | 37,542 |
| Cash and | cash equivalents | at the beginning | ofthe year | 489,095 | 451,553 | |
| Cash and cash equivalents | at the end of | the year | 773,932 | 489,095 | ||
| The notes on pages 16to 31 form part | ofthese financial statements |
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2021 | 2021 | 2021 | 2020 | |
| f. | ||||
| Donations | 297,981 | 728,568 | 1,026,549 | 626,342 |
| Total 2020 | 110,744 | 515,598 | 626,342 |
| Unrestricted | Restricted | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||||
| 2021 | 2021 | 2021 | 2020 | |||||
| Other | income | from | charitable | activities | 510,595 | 80 | 510,675 | 445,684 |
| Total | 2020 | 445,461 | 223 | 445,684 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2021 | 2021 | 2020 | |||
| E | |||||
| Bank interest | receivable | 573 | 573 | 502 | |
| Total 2020 | 502 | 502 | |||
| Expenditure | on raising funds | ||||
| Costs of raising voluntary | income |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2021 f |
2021 | 2021 E |
2020 | ||
| Fundraising | expenditure | 16,139 | 59 | 16,198 | 19,559 |
| Wages and | salaries | 70,579 | 70,579 | 61,623 | |
| Depreciation | 556 | 556 | 663 | ||
| 87,274 | 59 | 87,333 | 81,845 | ||
| Total 2020 | 81,665 | 180 | 81,845 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2021 | 2021 | 2021 | 2020 | ||
| Charitable | activity | 768,349 | 740,659 | 1,509,008 | 975,354 |
| Total 2020 | 602,427 | 372,927 | 975,354 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2021 | 2021f | 2020 | ||
| Auditors' | remuneration | 4,500 | 4,500 | 5,139 |
| Legal fees | 4,056 | 4,056 | 3,970 | |
| Trustees | expenses | 383 | 383 | 1,992 |
| 8,939 | &,939 | 11,101 |
| Activities | ||||
|---|---|---|---|---|
| undertaken | Total | Total | ||
| directly | funds | funds | ||
| 2021 | 2021 | 2020 | ||
| Charitable | activity | 1,509,008 | 1,509,008 | 975,354 |
| Total 2020 | 975,354 | 975,354 |
| Charitable | Total | Total | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Activities | funds | funds | |||||||
| 2021 | 2021 | 2020 | |||||||
| Staff costs | 253,871 | 253,871 | 313,602 | ||||||
| Depreciation | 2,224 | 2,224 | 2,651 | ||||||
| Bible translation | and engagement | projects | 691,890 | 691,890 | 213,301 | ||||
| Publishing and distribution |
of Bibles | 552,084 | 552,084 | 434,699 | |||||
| Trustees expenses | 383 | 383 | '/,992 | ||||||
| Auditors' remuneration |
4,500 | 4,500 | 5,139 | ||||||
| Legal fees | 4,056 | 4,056 | 3,970 | ||||||
| 1,509,008 | 1,5Q9,008 | 975,354 | |||||||
| Total 2020 | 975,354 | 975,354 | |||||||
| Auditors' remuneration |
|||||||||
| 2021 | 2020 | ||||||||
| Fees payable to | the company's | auditor | for the audit ofthe company's | ||||||
| annual accounts |
4,500 | 5,139 | |||||||
| Fees payable to | the company's | auditor | in respect of: | ||||||
| All non-audit services not |
included | above | 2,946 | 2,852 | |||||
| Staff costs | |||||||||
| 2021 | 2020 | ||||||||
| Wages and salaries | 290,Q36 | 333,935 | |||||||
| Social security costs | 25,479 | 30,587 | |||||||
| Contribution to defined |
contribution | pension schemes | 8,935 | 10,703 | |||||
| 324,450 | 375,225 |
| 2021 | 2020 |
|---|---|
| No. | No. |
| 12 | 12 |
| 2021 | 2020 |
| No. | No. |
| 14. | Tangible fixed assets | ||
|---|---|---|---|
| Fixtures and | |||
| fittings | |||
| Cost or valuation | |||
| At 1 October 2020 | 11,795 | ||
| Additions | 1,910 | ||
| At 30September 2021 | 13,705 | ||
| Depreciation | |||
| At 1 October 2020 | 6,597 | ||
| Charge for the year | 2,780 | ||
| At 30September 2021 | 9,377 | ||
| Net book value | |||
| At 30September 2021 | 4,32& | ||
| At 30September 2020 | 5,198 | ||
| 15. | Stocks | ||
| 2021 | 2020 | ||
| E | |||
| Finished goods and goods for resale | 3,162 | 43,2 "/9 |
| 16. | Debtors | ||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Due within one year | |||||
| Trade debtors | 203,101 | 102,684 | |||
| Amounts owed by group undertakings |
14,691 | ||||
| Other debtors | 9,395 | 10,134 | |||
| Prepayments and accrued income |
1,700 | 3,022 | |||
| 214,196 | 130,531 | ||||
| 17. | Creditors: Amounts | falling due within one year | |||
| 2021f | 2020 | ||||
| Trade creditors | 9,171 | 30,592 | |||
| Amounts owed to group undertakings |
322,797 | 15,000 | |||
| Other taxation and social security | 15,797 | 15,492 | |||
| Accruals and deferred | income | 167,852 | 68,414 | ||
| 515,617 | 129,498 | ||||
| 18. | Financial instruments |
||||
| 2021 | 2020 | ||||
| Financial assets | |||||
| Financial assets measured at fair value through |
income and expenditure | 773,932 | 489,095 |
| Statemen | t | offun | ds - current year | ||||
|---|---|---|---|---|---|---|---|
| Balance at | |||||||
| Balance at 1 | 30 | ||||||
| October | September | ||||||
| 2020 | Income | Expenditure | 2021 | ||||
| E | E | ||||||
| Unrestricted funds |
|||||||
| General | Funds - | all funds | 289,878 | 809,149 | (855,623) | 243,404 | |
| Restricted | funds | ||||||
| Translation | projects | 32,734 | 549 | (548) | 32,735 | ||
| Other Restricted | funds | 4,917 | (3,793) | 1,124 | |||
| East Asia | 208,528 | (64,908) | 143,620 | ||||
| illumiNations | 584,362 | (584,362) | |||||
| Yemen | 33,750 | (33,750) | |||||
| Muslim 8 |
Refugees | 1,243 | 1„243 | ||||
| Accessible | Bible | 2,488 | 875 | (1,580) | 1,783 | ||
| Russian | CARS | 3,731 | (499) | 3232 | |||
| Discover | App | 12,134 | (10,440) | 1,694 | |||
| Reach 4 | Life Russia | 11,834 | (12,492) | (658) | |||
| Outreach | Central | Asia | 55,362 | (14,313) | 41,049 | ||
| Outreach | Farsi Persian | 11,779 | (10,621) | 1,158 | |||
| Outreach | Ukraine | 12,885 | (3,412) | 9,473 | |||
| Outreach | Other Languages | 144 | 144 | ||||
| 248,667 | 728,648 | (740,718) | 236,597 | ||||
| Total of | funds | 538,545 | 1,537,797 | (1,596,341) | 480,001 |
| Statement | offun | ds - prior year | ||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at | 30 | |||||
| 1 October | September | |||||
| 2019 | Income | Expenditure | 2020 | |||
| Unrestricted funds |
||||||
| General Funds - |
all funds | 417,263 | 556,707 | (684,092) | 289,878 | |
| Restricted | funds | |||||
| Community | Bible | Experience | 3,106 | (3,106) | ||
| Translation | projects | 25,500 | 77,451 | (70,217) | 32,734 | |
| East Asia | 57,446 | 210,022 | (58,940) | 208,528 | ||
| Other Restricted | Funds | 5,186 | (269) | 4,917 | ||
| Childrens' | Luke I | Acts | 8,550 | 20 | (8,570) | |
| Muslim & |
Refugees | 2,165 | 84,688 | (86,853) | ||
| Accessible | Bible | 4,000 | 1,193 | (2,705) | 2,488 | |
| 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 | '/,072,528 | (1,057,199) | 538,545 |
| Summar | y | offunds - current year | ||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at 1 | 30 | |||||
| October | September | |||||
| 2020 | Income | Expenditure | 2021 | |||
| General | funds | 289,878 | 809,149 | (855,623) | 243,404 | |
| Restricted | funds | 248,667 | 728,648 | (740,718) | 236,597 | |
| 538,545 | 1,537,797 | (1,596,341) | 480,001 | |||
| Summary | offunds - prior year | |||||
| Balance at | ||||||
| Balance at | 30 | |||||
| 1 October | September | |||||
| 2019 | Income | Expenditure | 2020 | |||
| 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 |
| Analysis | ofn | et assets between funds - cur | rent year | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| 2021f | 2021 | 2021 | |||
| Tangible | fixed | assets | 4,328 | 4,328 | |
| Current | assets | 754,693 | 236,597 | 991,290 | |
| Creditors | due | within one year | (515,617) | (515,617) | |
| Total | 243,404 | 236,597 | 480,001 |
| Unrestricted | Unrestricted | Restricted | Total | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | ||||||||||||
| 2020 | 2020 | 2020 | ||||||||||||
| 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 | |||||||||||
| 22. | Reconciliation of net |
movement | in funds to | net | cash flow | from operating | activities | |||||||
| 2021 | 2020 | |||||||||||||
| Net income/expenditure |
for | the | year | (as | per | Statement | of | Financial | ||||||
| Activities) | (58,544) | 15,329 | ||||||||||||
| Adjustments for: |
||||||||||||||
| Depreciation charges |
2,780 | 3,314 | ||||||||||||
| Dividends, | interests | and rents | from | investments | (573) | (502) | ||||||||
| Decrease/(increase) | in | stocks | 40,057 | (4,232) | ||||||||||
| Increase | in debtors | (83,665) | (72,132) | |||||||||||
| Increase | in creditors | 386,119 | 99,928 | |||||||||||
| Net cash | provided | by | operating | activities | 286,174 | 41,705 | ||||||||
| 23. | Analysis | ofcash and | cash equivalents | |||||||||||
| 2021 | 2020 | |||||||||||||
| F | ||||||||||||||
| Cash in hand |
773,932 | 489,095 | ||||||||||||
| Total cash and cash | equivalents | 773,932 | 489,095 |
| At 1 | At 30 | |||||||
|---|---|---|---|---|---|---|---|---|
| October | September | |||||||
| 2020 | Cash flows | 2021 | ||||||
| E | ||||||||
| Cash | at | bank | and | in | hand | 489,095 | 284,837 | 773,932 |
| 489,095 | 284,837 | 773,932 |
| Annual | Annual | Annual | |||
|---|---|---|---|---|---|
| Amountf | Costsf | Income E |
2020 | ||
| Biblica | Inc. | (260,620) | (260,620) | (504,834) | |
| (260,620) | (260,620) | (504,834) |