##
##
##
|||||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)|