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|||||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|
##
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|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||
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|||||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|||||
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|||||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||
##
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|||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||
##
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||||||||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|
##
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|2022|2021|
|---|---|
|No.|No.|
||12|
|2022|2021|
|---|---|
|No.|No.|
##
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||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|
##
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##
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|||||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|
##
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|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|
##
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|20.|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|
##
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|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|
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