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|||||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|||||
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|||||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|
##
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||||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|||||
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||||||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||
##
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|||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||
##
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##
|||||||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|
##
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##
|2023|2022|
|---|---|
|No.|No.|
|2023|2022|
|No.|No.|
##
|2023|2022|
|---|---|
|No.|No.|
|1|1|
##
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##
##
|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|
##
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##
||||||||||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|
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