| Page | ||||
|---|---|---|---|---|
| Reference and administrative | details ofthe company, | its Trustees and advisers | ||
| Trustees' report | 2-9 | |||
| Trustees' responsibilities statement |
10 | |||
| Independent auditors' |
report | on the financial statements | 11-14 | |
| Statement offinancial | activities | 15 | ||
| Balance sheet | 16-17 | |||
| Statement ofcash flows | 18 | |||
| Notes to the financial | statements | 19-34 |
| REFERENCE AND | REFERENCE AND | REFERENCE AND | ADMINISTRATIVE | ADMINISTRATIVE | DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS | DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS | DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS |
|---|---|---|---|---|---|---|---|
| FOR THE YEAR | ENDED 30SEPTEMBER2023 | ||||||
| Trustees | SCave | ||||||
| M Pugh (Appointed | 1 | July 2023) | |||||
| D Harding | |||||||
| TStone (Appointed | 1 | July 2023) | |||||
| G Russell | |||||||
| J Preston | |||||||
| D Novikova | |||||||
| E Duncan (Resigned |
1 July 2023) | ||||||
| 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 8 Gilpin | ||||||
| 14-16James | Street | South | |||||
| Belfast | |||||||
| BT2 7GA |
| Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| Note | 2023 | 2023f | 2023 | 2022 | |||
| Income from: | |||||||
| Donations and |
legacies | 696,451 | 793,709 | 1,490,160 | 1,373,755 | ||
| Charitable activities |
478,799 | 478,799 | 717,459 | ||||
| Investments | 32 | 32 | 7 | ||||
| Total income | 1,175,282 | 793,709 | 1,968,991 | 2,091,221 | |||
| Expenditure on: |
|||||||
| Raising funds | 16,303 | 787 | 17,090 | 12,459 | |||
| Charitable activities |
1,115,595 | 941,374 | 2,056,969 | 1,943,832 | |||
| Total expenditure | 1„131, 898 |
942,161 | 2,074,059 | 1,956,291 | |||
| Net movement | in funds | 43,384 | (148,452) | (105,068) | 134,930 | ||
| Reconciliation | offunds: | ||||||
| Total funds brought | forward | 321332 | 293,599 | 614,931 | 480,001 | ||
| Net movement | in funds | 43,384 | (148,452) | (105,068) | 134,930 | ||
| Total funds carried forward | 364,716 | 145,147 | 509,863 | 614,931 |
| Note | 2023f | 2022 | |||||
|---|---|---|---|---|---|---|---|
| Fixed assets | |||||||
| Tangible assets | 14 | 1,697 | 3,013 | ||||
| 1,697 | 3,013 | ||||||
| Current assets | |||||||
| Debtors | 15 | 251,659 | 212,555 | ||||
| Cash at bank and | in hand | 719,547 | 716,987 | ||||
| 971,206 | 929,542 | ||||||
| Creditors: amounts | falling due within one | ||||||
| year | 16 | (463,040) | (317,624) | ||||
| Net current assets | 508,166 | 611,918 | |||||
| Total assets less | current liabilities | 509,863 | 614,931 | ||||
| Net assets excluding | pension asset | 509,863 | 614,931 | ||||
| Total net assets | 509,863 | 614,931 | |||||
| Charity funds | |||||||
| Restricted funds | 18 | 145,147 | 293,599 | ||||
| Unrestricted funds |
18 | 364,716 | 321&332 | ||||
| Total funds | 509,863 | 614,931 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| E | ||||
| Cash flows from operating | activities | |||
| Net cash used in operating |
activities | 2,528 | (56,952) | |
| Cash flows from investing | activities | |||
| Dividends, interests and rents from investments |
32 | |||
| Net cash provided by investing activities |
32 | |||
| Cash flows from financing | activities | |||
| Net cash provided by financing activities |
||||
| Change in cash and cash |
equivalents in |
the year | 2,560 | (56,945) |
| Cash and cash equivalents | at the beginning | ofthe year | 716,987 | 773,932 |
| Cash and cash equivalents | at the end of | the year | 719,547 | 716,987 |
| The notes on pages 19to 34 form part ofthese financial statements |
| Unrestricted | Total | Total | |||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | |||||
| 2023 | 2023 | 2022 | |||||
| Other | income | from | charitable | activities | 478,799 | 478,799 | 717,459 |
| Total | 2022 | 717,459 | 717,459 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2023 | 2023 | 2022 | |||
| f. | |||||
| Investment | income | —bank interest | 32 | 32 | |
| Total 2022 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2023 | 2023 | 2023 | 2022 | ||
| Fundraising | expenditure | 16,040 | 787 | 16,827 | 12,196 |
| Depreciation | 263 | 263 | 263 | ||
| 16,303 | 787 | 17,090 | 12,459 | ||
| Total 2022 | 'l1,743 | 716 | 12,459 |
| Unrestricted | Restricted | ||||
|---|---|---|---|---|---|
| funds | funds | Total | Total | ||
| 2023 | 2023f | 2023 F |
2022 | ||
| Charitable | activity | 1,115,595 | 941,374 | 2,056,969 | 1,943,832 |
| Total 2022 | 926,973 | 1,016,859 | 1,943,832 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2023 | 2023 | 2022 | ||
| Auditors' | remuneration | 6,000 | 6,000 | 5,000 |
| Legal fees | 9,137 | 9,137 | 4,058 | |
| Trustees | expenses | 4,520 | 4,520 | 5,185 |
| 19,657 | 19,657 | 14,243 |
| Activities | ||||
|---|---|---|---|---|
| undertaken | Total | Total | ||
| directly | funds | funds | ||
| 2023 | 2023 | 2022 | ||
| Charitable | activity | 2,056,969 | 2,056,969 | 1,943,832 |
| Total 2022 | 1,943,832 | 1,943,832 |
| Charitable | Total | Total | ||||||
|---|---|---|---|---|---|---|---|---|
| Activities | funds | funds | ||||||
| 2023 | 2023 | 2022 | ||||||
| Staff costs | 343,259 | 343,259 | 240,114 | |||||
| Depreciation | 1,052 | 1,052 | 1,052 | |||||
| Bible translation and engagement. |
projects | 931,238 | 931,238 | 1,062,032 | ||||
| Publishing and distribution |
of | Bibles | 761,763 | 761,763 | 626,391 | |||
| Trustees expenses | 4,520 | 4,520 | 5,185 | |||||
| Auditors' remuneration |
6,000 | 6,000 | 5,000 | |||||
| Legal fees | 9,137 | 9,137 | 4,058 | |||||
| 2,056,969 | 2,056,969 | 1,943,832 | ||||||
| Total 2022 | 1,943,832 | 1,943,832 | ||||||
| Auditors' remuneration |
||||||||
| 2023 | 2022 | |||||||
| Fees payable to the company's | auditor | for the audit ofthe company's | ||||||
| annual accounts | 6,000 | 5,000 | ||||||
| Fees payable to the company's | auditor | in respect of: | ||||||
| All non-audit services not |
included | above | 4,424 | 2,920 | ||||
| Staff costs | ||||||||
| 2023 | 2022 | |||||||
| Wages and salaries | 291,775 | 216,062 | ||||||
| Social security costs | 36,491 | 17,952 | ||||||
| Contribution to defined |
contribution | pension schemes | 14,993 | 6,100 | ||||
| 343,259 | 240,114 |
| 2023 | 2022 |
|---|---|
| No. | No. |
| 2023 | 2022 |
| No. | No. |
| 2023 | 2022 |
|---|---|
| No. | No. |
| 1 | 1 |
| 14. | Tangible fixed assets | Tangible fixed assets | ||
|---|---|---|---|---|
| Fixtures and | ||||
| fittings | ||||
| Cost or valuation | ||||
| At 1 October 2022 | 13,705 | |||
| Disposais | (1,594) | |||
| At 30September 2023 | 12,111 | |||
| Depreciation | ||||
| At 1 October 2022 | 10,692 | |||
| Charge for the year | 1,316 | |||
| On disposais | (1,594) | |||
| At 30September 2023 | 10,414 | |||
| Net book value | ||||
| At 30September 2023 | 1,697 | |||
| At 30September 2022 | 3,013 | |||
| 15. | Debtors | |||
| 2023 | 2022 | |||
| Due within one year | ||||
| Trade debtors | 66,924 | 199,344 | ||
| Other debtors | 184,735 | 11,966 | ||
| Prepayments and accrued income |
1,245 | |||
| 251,659 | 212,555 | |||
| 16. | Creditors: Amounts | falling due within one year | ||
| 2023 | 2022 | |||
| Trade creditors | 61,246 | 14,782 |
| Creditor | s: Amounts falling due within one year (continu |
ed) | |
|---|---|---|---|
| 2023 | 2022 | ||
| Amounts | owed to group undertakings | 338,199 | 157,252 |
| Other taxation and social security |
25,939 | 39,453 | |
| Accruals | and deferred income |
37,656 | 106,137 |
| 463,040 | 317,624 |
| 2023 | 2022 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| E | |||||||||||
| Financial | assets | ||||||||||
| Financial | assets | measured | at | fair | value | through | income | and | expenditure | 719,547 | 716,987 |
| Statement offund | s | - current | year | ||||
|---|---|---|---|---|---|---|---|
| Balance at | |||||||
| Balance at 1 | 30 | ||||||
| October | Transfers | September | |||||
| 2022 f |
Income f |
Expenditure f |
in/out f |
2023 f |
|||
| Unrestricted funds |
|||||||
| General Funds - all |
funds | 321,332 | 1,175,282 | (1,131,898) | 364,716 | ||
| Restricted funds | |||||||
| Translation projects |
36,419 | 20,275 | (19,172) | (7,505) | 30,017 | ||
| Airscape | 1,049 | 1,049 | |||||
| Other Restricted funds | (1,573) | 1,573 | |||||
| East Asia | 144,453 | (54,781) | (37,574) | 52,098 | |||
| illumiNations | 2,625 | 700,744 | (697,594) | 5,775 | |||
| SO Turkish | 2,944 | 6,368 | 9,312 | ||||
| Where Most Needed | 2,138 | 2,138 | |||||
| Muslim 8 Refugees |
8,797 | (729) | 8,068 | ||||
| Accessible Bible | 3,308 | 500 | (450) | 3,358 | |||
| Russian CARS |
3232 | 3232 | |||||
| Discover App | 7,643 | (7,620) | 23 | ||||
| Reach 4 Life Russia | 16,000 | 12 | (250) | 15,762 | |||
| Outreach Central Asia |
33,440 | 44,000 | (73,641) | 3,799 | |||
| Outreach Farsi Persian |
10,372 | 10,372 | |||||
| Outreach Ukraine |
22,608 | (63,505) | 40,897 | ||||
| Outreach Other Languages |
144 | ||||||
| Ukrainian Treasure |
Hunt | 16,510 | (19,119) | 2,609 | |||
| Punjabi Language |
Community | 5,000 | (5,000) | ||||
| Continental Europe |
300 | (300) | |||||
| 293,599 | 793,709 | (942,161) | 145,147 | ||||
| Total offunds | 614,931 | 1,968,991 | (2,074,059) | 509,863 |
| Statement offunds - prior year | ||||
|---|---|---|---|---|
| Balance at | ||||
| Balance at | 30 | |||
| 1 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 8 Refugees | 1,243 | 7,554 | 8,797 | |
| Accessible Bible | 1,783 | 1,750 | (225) | 3,308 |
| Russian CARS |
3,232 | 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 | 19,2/4 | (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 | ('/, 956,291) | 614,931 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at 1 | 30 | |||||
| October | Transfers | September | ||||
| 2022f | Income | Expendituref | in/out E |
2023 | ||
| General funds | 321332 | 1,175,282 | (1,131,898) | 364,716 | ||
| Restricted | funds | 293,599 | 793,709 | (942,161) | 145,147 | |
| 614,931 | 1,968,991 | (2,074,059) | 509,863 | |||
| Summary | offunds -prior year | |||||
| Balance at | ||||||
| Balance at | 30 | |||||
| 1 October | September | |||||
| 2021 | Income | Expenditure | 2022 | |||
| 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 |
| Analysis | ofn | et assets between funds - cur | rent year | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| 2023 | 2023 | 2023 | |||
| F | |||||
| Tangible | fixed | assets | 1,697 | 1,697 | |
| Current | assets | 686,557 | 284,649 | 971,206 | |
| Creditors | due | within one year | (323,538) | (139,502) | (463,040) |
| Total | 364,716 | 145,147 | 509,863 |
| Unrestricted | Unrestricted | Restricted | Total | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | ||||||||||
| 2022 | 2022 | 2022 | ||||||||||
| Tangible fixed assets |
3,013 | 3,013 | ||||||||||
| Current assets | 635,943 | 293,599 | 929,542 | |||||||||
| Creditors due within |
one year | (317,624) | (3'l7,624) | |||||||||
| Total | 321,332 | 293,599 | 614,931 | |||||||||
| 21. | Reconciliation of |
net movement | in funds | to | net | cash flow | from | operating | activities | |||
| 2023 | 2022 | |||||||||||
| Net income/expenditure for |
the | year | (as | per | Statement | of | Financial | |||||
| Activities) | (105,068) | /34,930 | ||||||||||
| Adjustments for: |
||||||||||||
| Depreciation charges |
1,316 | '/,315 | ||||||||||
| Dividends, interests |
and rents | from | investments | (32) | (7) | |||||||
| Decrease in stocks |
3,162 | |||||||||||
| Decrease/(increase) | in debtors | (39,104) | 1,641 | |||||||||
| Increase/(decrease) | in creditors | 145,416 | (197,993) | |||||||||
| Net cash provided | by/(used | in) operating | activities | 2,528 | (56,952) | |||||||
| 22. | Analysis ofcash and cash equivalents | |||||||||||
| 2023 | 2022 | |||||||||||
| Gash in hand |
719,547 | 716,987 | ||||||||||
| Total cash and cash equivalents | 719,547 | 716,987 |