2022-09-30-accounts - Biblica Europe Ministries Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

				Page
Reference and administrative		details ofthe company,	its Trustees and advisers
Trustees' report				2-8
Trustees' responsibilities statement
Independent auditors'	report	on the financial statements		10-13
Statement offinancial	activities			14
Balance sheet				15-16
Statement ofcash flows				17
Notes tothe financial	statements			18-33

REFERENCE AND	REFERENCE AND	REFERENCE AND	ADMINISTRATIVE	DETAILS OF THE COMPANY, ITS 'TRUSTEES AND ADVISERS
			FOR THE	YEAR ENDED 30SEPTEMBER2022
Trustees			SCave
			KGood (Resigned 20 May 2022)
			D Harding
			N Pope (Resigned 20 May 2022)
			G Russell
			J Preston (Appointed 4 April 2022)
			D Novikova (Appointed 20 May 2022)
			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
Independent		auditors	Miscampbell 8	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	Total
				funds	funds	funds	funds
			Note	2022f	2022	2022f	2021
income from:
Donations and	legacies			299,178	1,074,577	1,373,755	1,026,549
Charitable activities				717,459		717,459	510,675
Investments				7		7	573
Total income				1,016,644	1,074,577	2,091,221	1,537,797
Expenditure on:
Raising funds				11,743	716	12,459	87,333
Charitable activities				926,973	1,016,859	1,943,832	1,509,008
Total expenditure				938,716	1,017,575	1,956,291	1,596,341
Net movement	in funds			77,928	57,002	134,930	(58,544)
Reconciliation	offunds:
Total funds brought		forward		243,404	236,597	480,001	538,545
Net movement	in funds			77,928	57,002	134,930	(58,544)
Total funds carried forward				321332	293,599	614,931	480,001

						2022		2021
				Note
Fixed assets
Tangible assets				14		3,013		4,328
						3,013		4,328
Current assets
Stocks				15			3,162
Debtors				16	212,555		214,196
Cash at bank	and in hand				716,987		773,932
					929,542		991,290
Creditors: amounts		falling due within one
year				17	(317,624)		(515,617)
Net current	assets					611,918		475,673
Total assets	less current liabilities					614,931		480,001
Net assets excluding			pension asset			614,931		480,001
Total net assets						614,931		480,001
Charityfunds
Restricted funds				19		293,599		236,597
Unrestricted	funds			19		321332		243,404
Total funds						614,931		480,001

	STATEMENT OF CASH FLOWS	STATEMENT OF CASH FLOWS
	FOR THE YEAR ENDED 30SEPTEMBER2022
			2022f	2021
Cash flows from operating	activities
Net cash used in operating	activities		(56,952)	286,174
Cash flows from investing	activities
Dividends, interests and rents from investments				573
Purchase oftangible fixed assets				(1,910)
Net cash provided by/(used in) investing		activities		(1,337)
Cash flows from financing	activities
Net cash provided by financing activities
Change in cash and cash	equivalents in	the year	(56,945)	284,837
Cash and cash equivalents	at the beginning	ofthe year	773,932	489,095
Cash and cash equivalents	atthe end of	the year	716,987	773,932
The notes on pages 18to33form part ofthese financial statements

				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2022	2022	2022	2021
	Other income from charitable		activities	717,459		717,459	510,675
	Total 2021			5'l0,595	80	510,675
6.	Investment	income
					Unrestricted	Total	Total
					funds	funds	funds
					2022	2022	2021
	Investment	income - bank interest					573
	Total 2021				573	573
7.	Expenditure	on raising funds
	Costs ofraising voluntary		income
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2022f	2022	2022f	2021
	Fundraising	expenditure		11,480	716	12,196	16,198
	Wages and	salaries					70,579
	Depreciation			263		263	556
				11,743	716	12,459	87,333
	Total 2021			87,274	59	87,333

		Unrestricted	Restricted
		funds	funds	Total	Total
		2022	2022	2022	2021
Charitable	activity	926,973	1,016,859	1,943,832	1,509,008
Total 2021		768,349	740,659	1,509,008

			Unrestricted	Total	Total
			funds	funds	funds
			2022	2022	2021
				K
Auditors'	remuneration		5,000	5,000	4,500
Legal fees			4,058	4,058	4,056
Trustees	expenses		5,185	5,185	383
			14,243	14,243	8,939
Analysis	ofexpenditure	by activities
			Activities
			undertaken	Total	Total
			directly	funds	funds
			2022	2022	2021
Charitable	activity		1,943,832	1,943,832	1,509,008
Total 2021			1,509,008	1,509,008

							Charitable	Total	Total
							Activities	funds	funds
							2022f	2022f	2021
	Staff costs						240,114	240,114	253,871
	Depreciation						1,052	1,052	2,224
	Bible translation	and engagement			projects		1,062,032	1,062,032	691,890
	Publishing and distribution		ofBibles				626,391	626,391	552,084
	Trustees expenses						5,185	5,185	383
	Auditors' remuneration						5,000	5„000	4,500
	Legal fees						4,058	4,058	4,056
							1,943,832	1,943,832	1,509,008
	Total 2021						1,509,008	1,509,008
11.	Auditors' remuneration
								2022f	2021f
	Fees payable to annual accounts	the company's		auditor		for the audit ofthe company's		5,000	4,500
	Fees payable to	the company's		auditor		in respect of:
	All non-audit services not		included		above			2,920	2,946
12.	Staff costs
								2022f	2021
	Wages and salaries							216,062	290,036
	Social security costs							17,952	25,479
	Contribution to defined contribution				pension schemes			6,100	8,935
								240,114	324,450

2022	2021
No.	No.
	12

2022	2021
No.	No.

	NOTES TO THE FINANCIAL STATEIIENTS
	FOR THE YEAR ENDED 30SEPTEMBER2022
14.	Tangible fixed assets
			Fixtures and
			fittingsf
	Cost or valuation
	At 1 October 2021		13,705
	At 30September 2022		13,705
	Depreciation
	At 1 October 2021		9,377
	Charge for the year		1,315
	At 30September 2022		10,692
	Net book value
	At 30September 2022		3,013
	At30September 2021		4,328
15.	Stocks
		2022	2021
	Finished goods and goods for resale		3,162
16.	Debtors
		2022	2021
	Due within one year
	Trade debtors	199,344	203,101
	Other debtors	11,966	9,395
	Prepayments and accrued income	1,245	1,TOO
		212,555	214,196

				2022f	2021
Trade creditors				14,782	9,171
Amounts	owed	to group undertakings		157,252	322,797
Other taxation		and social security		39,453	15,797
Accruals	and deferred		income	106,137	167,852
				317,624	515,617

										2022	2021
										E
Financial	assets
Financial	assets	measured	at	fair	value	through	income	and	expenditure	716,987	773,932

Statement offunds - current year
				Balance at
	Balance at 1			30
	October			September
	2021	Income	Expenditure	2022
Unrestricted funds
General Funds - all funds	243,404	1,016,644	(938,716)	321,332
Restricted funds
Translation projects	32,735	4,960	(1,276)	36,419
Airscape		8,176	(7,127)	1,049
Other Restricted funds	1,124	50	(2,747)	(1,573)
East Asia	143,620		833	144,453
illumiNations		720,236	(717,611)	2,625
SO Turkish		5,444	(2,500)	2,944
Where Most Needed		247,253	(245,115)	2,138
Bibles for Refugees		10,910	(10,910)
Muslim &Refugees	1,243	7,554		8,797
Accessible Bible	1,783	1,750	(225)	3,308
Russian CARS	3232			3,232
Discover App	1,694	5,949		7,643
Reach 4 Life Russia	(658)	16,658		16,000
Outreach Central Asia	41,049	2,873	(10,482)	33,440
Outreach Farsi Persian	1,158	19,214	(10,000)	10,372
Outreach Ukraine	9,473	23,550	(10,415)	22,608
Outreach Other Languages	144			144
	236,597	1,074,577	(1,017,575)	293,599
Total offunds	480,001	2,091,221	(1,956,291)	614,931

Statement offunds - prior year
				Balance at
	Balance at			30
	1 October			September
	2020	Income	Expenditure	2021
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)
Where Most Needed		33,750	(33,750)
Muslim &Refugees		1,243		1,243
Accessible Bible	2,488	875	(1,580)	1,783
Russian CARS		3,731	(499)	3,232
Discover App		12,134	(10,440)	1,694
Reach 4 Life Russia		1'/,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 offunds	538,545	1,537,797	(1,596,341)	480,001

Summary	offunds
Summary	offunds - current year
						Balance at
		Balance at 1				30
		October				September
		2021f	Income f	Expenditure	f	2022f
General funds		243,404	1,016,644	(938,716)		321.332
Restricted	funds	236,597	1,074,577	(1,017,575)		293,599
		480,001	2,091,221	(1,956,291)		614,931
Summary	offunds - prior year
						Balance at
		Balance at				30
		1 October				September
		2020	Income f	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

Analysis	ofn	et assets between funds - cur	rent year
			Unrestricted	Restricted	Total
			funds	funds	funds
			2022	2022f	2022f
Tangible	fixed	assets	3,013		3,013
Current	assets		635,943	293,599	929,542
Creditors	due	within one year	(317,624)		(317,624)
Total			321,332	293,599	614,931

Analysis	ofn	et assets between funds - prio	r year
			Unrestricted	Restricted	Total
			funds	funds	funds
			2021	2021	2021
				E
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

22.	Reconciliation of	net movement	net movement	in funds to	in funds to	in funds to	net	cash flow	from	operating	activities
											2022f	2021
	Net income/expenditure for Activities)		the	year	(as		per	Statement	of	Financial	134,930	(58,544)
	Adjustments for:
	Depreciation charges										1,315	2,780
	Dividends, interests	and rents	from investments								(7)	(573)
	Decrease in stocks										3,162	40,057
	Decrease/(increase)	in debtors									1,641	(83,665)
	Increase/(decrease)	in creditors									(197,993)	386,1'/9
	Net cash provided	by/(used	in) operating			activities					(56,952)	286,174
23.	Analysis ofcash and cash equivalents
											2022	2021
	Cash in hand										716,987	773,932
	Total cash and cash equivalents										716,987	773,932