Registsred number: OQ7Jf3259 Charrfy number: 227111 BIBLICA EUROPE MINISTRIES TRUST (A cornpany limit9d by guarantee) TRUSTEES. REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 September 2024
BIBLICAEUROPE MINISTRIES TRUST (A company llmited by guarante¢l CONTENTS Page R6ferenrA anl admlni8trallve c&)tslls Dr #hè QJryJy, it5 Trusles and advlsers Tru5tees' rapct Trustees, iespon&bJlrti8S stalemgnt Inttopertdènl audrk)rs' 1oFx)rt on the fina181 strAements Slalement of financMI ac11vg8 B&lance sh2el 10-14 15 Slal8menl of ]IowE )ta8 (o Ihe nanal Statents 16 18 Ig-33
BIBUCA EUROPE MINISTRIES TRUST IAGDmpany limlted by guarnntqèl REFERENCEANDADMINISTRATIVED&JAILSOFTHE COMPANY.JTSTRUSTEES AND ADVISERS FOR THEYEAR ENDED Y) Septemb#r2024 Trustees John PF8sts)n Daria Nowkova Mark Pugh Th&rè3a Stono Stetthen Civè {Up to 28 February 2024) DarrHJTh Harfiny (Up to 13 Juné 2024} Caieth Ru588Jl {Up lo 13 Ju Z024) Gillign FilGh (Up lo 28 FebNary 2024 Company rogistaréd nuor 00753 Chtyity regj8tgY•d 221111 R•&dstered office 21-27Grlfih Stor M060rop Lambs Gomduil Stt London WC1N 3GS Princlpal operatin9 office Th6 monI BusSness CenÉre 2 WoodstcKk Link Bolfa5t BT6 80D Indwhdent auditor5 Davié Hoivard Charlerad AccDuhlanlG 1 Park Fioad Hatnpton lfjlidc Kingston upon Thames KT1 4AS Dansk8 Benk Donc4al Square West Be4f8St BT1 BankErs Soli¢itorn Hewitt & Gilpin 14-16Jamos SEreel 8LThJlh aelTrast BT2 7G4 PwJ& 1
8LICA EUROPE MINISTrIE3 TRUST IA cwpany liTh¥ted by guaranteè) TRUSTEES'REPORT FOR THE YEAR ENDED 30 Sèptembèr 2024 The TrustBe5 WpEent their annual reporl togglh@r with the audited finan¢ial stalem&nl8 of lh8 tnY foi the pviod i OGtob6T 2023 10 3Q Septembw 2024. Athnual repoil seryes the purposes ol Trusteeg, report and 8 dir•ctotB' report undwc0Kny law. The TrLtslees ctsnfirm thal th6 Annual report and financial slatsmènls of the eharilable wmpansi hvith th8 Gutrenl 818tutory requirerneh15. the requirem¢Thts of th& IharitatrAe Gompany's 9LwEining dOeLEnt and the provisicS of tho Stalemet)t of RemIlleNjed ISORPI gKplrcable lo cNiri1 preparing their cOl4)Is kn 8ccordance imjlh th6 Flnanaal Reportlng Stsn(latd appli(able the UK and Republic ot IFeland IFRS102) lelfeclive 1 Januty 20191. nGe the COMpY qLL4lrfies a$ Smal under section 31Y2 of th• Cotryanles Att 2C¥J6. the SlrBlegic port rer4UprerJ of fflèdium and lerye Wmpani8 uThJer the CompaThios Act 201% IStra(Eglc Roport anrj rAreclors Report) ftt4wlalK)n5 2013 has bert orniltod. The Iru8lees. who aE a150 d1ctorS of BIlca Europe hnl51r1e3 Ttusl lor the purp05es of copanY law who solved during lh$ year and w>to th¢ dale of repDri, excepl were stalpd a JO Presto Dari8 Novikov? Mk Jljgh Thsrssa 8tDne StEphgn Cave (Up to 1 March 2024) Damw Pldrdlng {Up lo 13 June 20241 Gareth Russèll Cup ts13 June 20241 Q1.an Filch (Up 10 1 Marth 2024 Charily Registration NLvnbJf is 227111 and the c1)mpty regtraIN)n nurnbtt is Oo75328Q IErylarxl and W4). The re&slered offlog addre3$ is 21-77 Grlflln Stone. MoEcrop Larr. Gondurf( SlrGgt LondoTr. WC1 N 3GS. ObJ•Gtlves and adiwli8$ Obiectiva• s an organisallon, Biljlica its corn.1ted to IxeakTn9 down barrigrs lo 61t4è Poverty. Tire are three tnain ways this k achtsved. li rianslatK)n whgre thfr Brble is IrarlatEd into rolevanl and reliable fonnals 21 DaBlgning And wirvatIng Scripture rèsources for tr05e who Treea them rnost and 81 Pth8ring wh orgalllsalS around tho wo1 who are VKng &t Ihp fr1n2 of Ihe Gospel. Ix Strat3las k4r achlovin9 0144cllvès of the. rasources are now dlrected lowards four 8s1or1 ptiorltles whh are TransPatKhY. Innovalb)n, Mirristry Equippifig. (fiME? Ali Pmjects are ds8ignel to feed into one or rnoie of th pill*s. Page 2
BIBL EUROPE MINlStRIES TRUST IA comp¥ Ilmlt•d l)y guar1} TRUSTEES, REPORTICONTINUEDI FOR THE YEAR ENOED 3LI Saptèmbgr 21124 otJJecti¥e5 odvlties IGontinu•dl . Aellvlties Uhdwtaken to 8c41leYg ¢bJectlves TranslatioD Ukrainlen tearn Is rAoc8edir@ th the $ecoThJ dr3ft of thÈ Tèstsrnenl close lo )tetion, The situalan Ihe country has be£cthe OrSe. as atlaeks h8ve reath6d all major citips. even al Iho far WSèlÈM si(Je ol the (x)unty. Eléctrtcity and I nterTrel availablB MIY rJLwirKJ cortairs Fbjuts, rKethelesS Ihe) loam continues ui thelr effort5. The coThklant pressure of livtny ir) o war sihJaliDII Is c18n91_ ConlÉitts with Iccal churches will IR imprxtalll as we are enlering lh& stage of the Conimunity ChecL Tht tAan is stlll lo have thè text r6ady to lum ov8r to Tèchnokjgy ream by Sep1thnbe.r 30. 2025. The Turkish TeStarn for Turk8 heve been h¥inu in Europe for som8 time has gone fg prinL The 5bvenlan Teslam8nL Psalms and Proverbs i6 expected tr) reach GothFAelicffi by Ihe autumn of 2025 arAI Tèady lo print bèftye Chri&trn8S that ypar. Wle'v6 had extrem8ly pwilpde leedback from our pYo(bfresderg. The Gosp61 d Mark in Ctertsrary Itallan 1th k)ts of footnotes to m8ke bad(grOUr infcrfnwlioTr dBar lo thè rgadgr has i)wi oThpletad and is part of the nèw liallan NT. The Persian Contsmporary Bibb beSng r8Vi59d and to be putylitshd soon lfiis¢ Ihe N£w Tejtarnent, wltli the full oible FN)ssibly in 202&20261 in tuopwatioTh witn Transform Iran. inttlu1ng a dlgital format. Th IruAglats'on will be used &$ a sourcetextforsev&rydl Lqnguagos in Iran thal do have a tsznslalion. Ukralnè.. rhe. war has ch8nged rbadeishly wllÈrns: wlth a Iwvofold Incttrase in dally re8ding. The ktesl rpsearch oonducled by tho UkralNi8n Book Inslitule and NGO Book fDfum shows a significant grov4th iki tpading. Surveys revpal a nolable ireaSO li regular re8d8rs, 17YD reading dally (do[e-l01 iThcrnase ¢oryiaMng lo 2tr20> 1WA readir)u several times a week, tc4aling 36./0 OT rqgular readerB, Thi8 fi'gure had remained sleédii at 2Ph over the past years. kthubh@ IYT -ukr Innovaiio FY2024 was a key yeaT for many of our ¢Jital inibatives in thè Eumsla. Digital pailnoryhips o)nlinued ED t8ke Ehap8, antJ a few rÉ8oyJrcas w¥re devèltJFEd lo hèlp 9mpow¢r partners ithgilally. INe WQYke<f in collabDratlon wilh SRG to launch Single Lauage Bible Apps for some DI their Iranslalions like Llbyan Arablc. A5 hr Bibllea Ianall0$. MENAIEurn8ia now Ph85 25 Language Bit4& Atvs with around ieAIK U&8f5. Highest user app is Aratri¢ and then 2wKI Is Ukmwln. BlblKa Study BiNe was dso launthed, and we ac4uired som8 users In the MENA reglon specifically42K users from Euypl li FY24, More ReaGh4Life Arab Ve0 episodas were prodLEced in FY24 tD act as a cOMni0n thgilal conlent to Ihè book aThd app and lo be usad on soG'ial channels. These episodes will also be dubbèd In other kwrwages liko Farsl tg 8eT¥e diffarent avdiences within th£ MEfqhJ Fa51a reoion. Mlni¥try In the CL¥rent tln8mcl year. we have ha sevaral evBnls an¢J resources whSch hav6 Iied u6 deepgn r re131ionshipÈ yth partner Page 3
BIBLICA EUROPE MINISTRIES TRUST (Acompany Ilntrtgd by guarant0• TRUSTEES. REPORT (CorvED) FOR THE YEAR E14tJED 30 Sept¢mbèF 2024 Partners Gathgrlng- BèatMberg 21124 In earty Septembtt ive hokl annual ELffas18 Pgrtners Gathéting in Beatenberg, SwitZBFlaThJ. We 8d roFfftentativ&s from 20 ttwnrdlry partneIs and pubil8her3 from across Eur&sla. Thi5 yÈai we had the privlle9e of h£1ving ropreSentate8 from Sieiger MiTrislriv8 ad Our moming d&vollor)$ 31)d sh8rg eXPBrr8fhCQ of wijrfring With Sbal YouEh CuKure_ Their prasénce had signiffcanl imp&Gt on th8 8veni ats heard IhgY si¢Ky of through trauma ofiwar. Rawè8enlallva8 frrjrn Mi53icY Era$ are in the 13 former SoviÈt rjrnion ndtiorbs were 8Js p8eI AIL55K)n Euros are onB of most ie8pe¢led ministrlès iwolk. in the reglon reathing oiiw 1.5 Th1[10 peopl& saoh thq'th scriFlures. We war& grakful lo them allgnd and explor opportunllig$ werr4 &2n WGfk togethtsr. PlaMing18 thewJy unden¥ay for (wr 2025 G31Wlng. tIlTrtnoss Qospg1$ (8 of the resowceè which Gonlinu8(P to 9row irb imp4cl roacth is our iWitTress G(Wel. Origiiially dgyeloped In partnership wfih Hope TogelhGr. ¢Wilness Mark is 41 it's 4th re•rinl aFyJ also being usad Hor foi Every in Ireknd. We ar8 ge¢tlng mfffjy sturies from ohurche& 8cr0s3 the UK atKI Ireland who are uslng this thgir ¢x4trEaGh. One exrating deveknpm6nt 13 to PtDcluce s $wcia LoThJon pdition of. the G08pel of Mark lor a £tyide camp4ign 2025. Hope Yogelher in parknersNp with Share J68Us Inlemétional Inviting chLvches acioss London to an outreach to bring the Gospel to thè oPlE of London. There are alread 500 churchès regstered for Ihk8 and our &6poI of Mark will the scrlpture resc>urc# beirpJ used. Ukrnlnian Traum• H&allttg Tralnlng and Lautscll The highlight in this cuironl fknancl yoar ha8 be8D the laurw of our TraL4ma healng proyrgms in Ukrane. Following on from the inllisl evbhl in Poland in March w& offioally laLmched pur Ukralnlan ACT progTanTrs In Bukov&l. Ukr21ne the 15th - 19th Oclober. We had 32 leaders frorn 20 difFerenl churches and millkntries as well a8 8 rewÈerrtaUve5 f(¥ 6 of the Thwlogic31 Sernine$ Ukraiii&. We mel kn Ihe Ukrainran rnOUnf4ii msorl of 8ukovel whlch was a gmtketion for Ihe evenL It provrded sal6 and peaceful retreat for the rfjinistry leJgrs. most of whom F)ad travelled frern sonie (rf th Easlgm Ironllln& regn8. As ali (rtcctha of the trakning, have been able to start pik)t wlth séveral uf the ministries and chui(ES represere0. All p£¥ticipants empha8ized again tho) immense need for Trauma maleti?l. The ThwJlofjical SeMin8rifr8 ¥e dso intoirest6rJ in oltering tho ACT resourc9$ lo thelr students and intsurzlir4 a training pwram Into thelr coun¥eHing cwrses_ TFib yew has been ch&ract(xiz& by deepenlng partnErshlp relatlon8hips and collaburalir)ns. M has bgen a prlvABge and joy lo conbnue to sewe God in this role and see hL7W indivtduol and wmuniliets ar& being impacled by His Wonj. Ewipplng The charity continued to rÈaGh now users thrwgh Mry-prinl BjtrAo rè3ourc05. The chity reached a lotsl of 837.7 users (20-450,945l &xperi8r)cwJ ID,402,f15 11,378,598) enGounttr5 via priTrt and noTrpiinl respedively exdudin9 lic8nses. It was on¢ourwJing to 59e. such a v(Aume of Onnter5 vAlh the Word Df God. of wjhich 8.8 ill110C2023-1f.5 tniifionl werè thioLJgh non-pr11 making a reat impattl in paople's livos. Wè arel grntsful to our partets, who are inslrutnental in Bible distrlbtstion Yar[05 languages
BIBLICA EUROPE MINISTRIE8 TRUST IA company Ilmlted by gtsarantge) TRUSTEES, REPORT ICONTINUPOI FOR THE YEAR EJWDED 30 September 2024 IllumlPJatlons In lh¥ financial yéar iirykr revSew. Ihe ai)nu81 in.PerS ilknmlN8licThs Europg gathering in May for tho Weyious y8ars ld not take place. A thfferent 5tretegy iiyas adopte for the 2024-25. Dinnew6 in B6lfasl ai lond have bsen p1311ned inste.ad weekend Bt. Achievèmènts rfOrmanCe A. Incomè and EXdEt¢ rovigw Th3 Trustees are thankfjul that the Charity Iw$ had sum¢l()nt lurkling and rèserves to wtinue ils work Translatiotb, Innovati(M. Mlnlstry and EQUIppg. duriw tho under rèvtew. Our pgrent compny BibliGa I nG. ca)nthuJ to support the charity ivilh funding Ictr m801 cole and non-core costs for thEs year. Total introine was Ier than the prev10% year at £1.504,354 {2023.' 21.968,9911. The charity had a Lknfictt Df £&1.045 in the Yr, {2023: a dfjficil of £105,0381- TIu51ees ate graleful and Iheji sincor8 Ihai)ks qu Lo Bll those indivldLt815 and grBnt making (ari16e$ who trjave so gen8rously supwrted lf ministry,. Wo give tTrMnk5 for the testlnieS that many Inies in Ihè UK. Europe and around the world. cantiNie lo be e)nrh0d and trartsformed through the Chatily'¢ actlvllies. Financlil révkw Goln9 Goncern After makSitg aPWDpriate qUir, the Irts$leB9 ha a reag)nable eXptatIon Ihst Ihp coryany has adaquale resourc&s lo coiittnue in operational exL%tenc8 foi the foraseeable lulure. For this rEason, Ihey r¢Jnllnue to adopt the golr)g CcM basls In prepariThg Ihe financial statemènts. Furih8r delaS1s regarding the adoptbn of the g(4ng concern basis ean be fDLtnd the Accounting Policies. ty. Re¥erves policy The trusleES rowewj the charity's rasér¥e5 reyularly In Iluht ot Charly Cwimission guidan. The reserves ol ihrs Charity stocKI at £445.8 17 at 30th September 202412023= £509.8631. As delaihjd in Ilie noltss to th8 Lcounts, £76,2&912023: £145.1471 ofthtrse ras@eS are restrted funds and £369 918 I223. £364,71 ei are unie51ricted fund& The Charily endeavourg b kè9p gufticienl fvnd8 to be abie to resp 4uitkbJ to SPefiC needs or disasters. li 6 th@ view of. the Trusle¢s that Un$trtr9d IuThds 8re at an appropriate levèl. The Truslees conffimi Ih#l the Charil¢s assets are awailable and adoquate to fulfil the obliga1tor of ts Charity. Molerial investmants policy The Cttarily rnalnI&ir gurplus cash in adeposil a¢unt with Ch8rity¥ b3llkeTS. d. Financlal risk managomèfjt obityLtivg¥ and pvlicl•$ Th8 tres have a tlsk managemént strategy Ihat includes an annual r@v1 oflhè princip81 rith5 UnctaInl1&s(Sng the thamty and tho e5tsbllshtTenl of wltcies and pro¢vdures to mitigatè rl$ks. The chariLy op6rths annI1 and bL*Jgeling syslem an aMr)ual bud1 apwoved by thè trard of tNsle68 and Ihf global board. A finandal reporting system mon05 lh2 incoma and ¥xpendilure of the ¢haFty apinsl the bget, A règister of the rlsks fa¢ed bs1 th8 charity i% malnl8iwd, idents"fykng the tsifeieg¢ and opèiational risks facEd and how lley are being mansged. Page S
EUROPE 141NISTRIES TRU8T companyllmltèd by guarankè) TRUSTEES. REPORI ICONTNUEDI FOR 7HE YEAR EMDEO 20 septatt)r 2024 8lructure. wjvfjrnGe and mqntyeMnt . Con$lltuthn Biblica Ewopp Mini4lrles Tiugt Is r8ol$tered as a charitable cclnpany Ilmited by guarTrlee and was $8t up by a Mf)mtyandum ofA5SCti4ti0n. The company rs coN8tsluied under a Men1)rAndTI of Associallot) dated 0710W2012 and is a iegstsred tharity nurt)er 227111. 1% Methods of apptslntm•rbt or eledion of Trust8•¥ The mageMent of the comp8ny Is lh8 rFJ8ponsltAh'iy of TiustW6 who are b[led and co-opt under the lems of th& Memorandum of AstsoGiat)n. Tiuslees are recrLNl&d and appointe by Ihe men)bers al 8oar(l Meetliigs whwte Ihgy are deem8cl to possw the exr)¢riorKe and skjlb fftquirèd to pgrform the rob ol a IrustEe. . OT9thsatlortal strnetlAt• V4nd da¢lsIonnakln9 poltries Bib3 is a 200-year4YrJ charlly that transLgtès and pIpshe$ Bible in tl world's lop 100 Napr Spoken lanyu8ges. Bibli¢a currently $8rves in 55 trEs. rwJ¢hknp thfjn 100 ppq)lé wrth God's Word wery yoar, Tha IxganBalh)rt IS tW traTh8lation swrtsor ¢the Inl@rnational Versio)n@. BibJic¥ also offèrs wcgrathrvE5 rFJsources lo churches and mini8trio5 halpino thorn engage mue in SthplutE. for life applicallon and IrBnsfom)aliw. d. PoWlele$ adopted for th• Inductltyn and tratnlny of Trustees All Iruslees are CDnylderod bj be higl)W exp9rignoed atml skIld indlvi(iuaLs. Training ig prDwded 19 Considered ne¢e88afy. . Pay pdiey foi key management personllel Salaty IelS for new Staff posilions are di8CtsSsed and 04]reed attime of appott and aro subjecl to apptDval by the regional VP or apprc)prial6 member <4 the organkqalim's Global Senior Leadership T8am FaGtor8 inclLJSng geograph bethlioy: level of PO¥Ation Ievtst ofmanagemenl responsibility are laken Irilo aGGwnL Slaif salaries ar$ vIeW all 4nllual basis as of tht PerfoTrnance Revi8w Process loi 811 &iblica Slsff, and ¥wh@rè apprcyriale, agreèd incremwts are added to ount lor perfoirnance attd prevailiry rate5 01 infiath"On. SaL4ries aro a150 reviewed more genernlly al this tlm&. and any maiket l¢vd sdju$tments required arè noiad anu aPPrDv by Senior Leader8fw T8arn. f. Rdatad party raonshIpS 8iblka Ino. isthe p8wl ttonyany and s'clè rnemb6r c)f &blEa EurDP& Ministrles Trust (BEMTI. Dun"IbJ t &r. Bib. Inc. provided funthng tolallng £396,725 12023,. £420,3481- Al year end BEMT biias owerl £4,929 12023.. nll} by Biblica Middle Èa8t & North Ath"(a and £4.172 by B[ica South AsL4{2023',nil) (he of Irusletr5, a8 Irusteo up to 28 February 2024: has ye1ve remuneralk)n from the Charity. as is Perrnitt ¥y Ils artlGles, bul this 15 not it) SpeCt Df wk for1he Charity and c03ts arè fvlly Tgirnbursed by Bibli Inc.. so the payrTienl aTrd receipt crf these 3moLW)ts is relltea in the Siatèmenl of Flnancral Activiies. Pa6
BIBUCA EUROPE MIMISTRIES YRUST IA¢ompany l1rn1 by guardntée} TRUSTEEY REPORT ICOIITINUEOI FOR THE YEAR ENOED 30 Saptèmbtt 2024 ¥trN¢lvre. governan¢g and managèTrient {contEnued> . FinanGial ri¥k maD4goment The Trustees hav& assessed lh malor rfsks to Mthich the company is exptrS. in plIcul5r Ihoso relal¢d lu Ihe operat10Tr3 and Inan$ of the CDnipsriy, and are satisfied Ihat 5y5tams atMJ proGBdure3 are In plaGe to mitigatg exposure to the major rlsks. h. Plans fur luture pgrlods Wg pl¥n to contlnue wod<ing pathe in our regioii tè proijide prinl and digilal rasources in Russian. CARS and Farsi. We are already working on a Russian Iranslalion ot the Tr8a¥ure Hunt Bible and ad8Ptation of th Follow Book Gospel of Luke for Gentr&l Asia. We will work Glose th gap befv¢een thp availability of Bcriplure s novi have a viable mod8Fn tr£nslatknn than preViC}, and thoso communi1185' access Ic scripture {l.e.. 18 it posslEAe for pecW& to own J r&ad I hoar I w8tth the Blble in th1 language}. Biblica. In pertnershlp with Faith Comes by H2aiiTrg. Ofte Hope. and alble Medra Croup. are 8eeking to pilol an InIatiVe to raise the profile of thi5 gap atnung investor$, and ulilmately close Ihts g&p fhrouoh stmlegio partnerships & pro1ts. rhe 'Close the Cap Alli¥nct' wlll serve global mi5SlOtI with ScriptLLre r¢*ource5 in th worliJ'$ most rè$triGted, most rnle, an(Y vrn<ler-resourd countrf8S. GommUn"e3 & wions. W8 ale aLgo plannlng for a @gnific9nt ptUre impala arrjong Mustim ptPIe iii (wr region. This ill anabla our partnor8- In(%vding East European Mission, TwtsCA, Ghtral Nomads, OM, R&vi¥21 Ministy. Doors, and Othors - lo engage some of tho least-reachad peoples Df our region wtEh Scriplule - ÈspeciBlly TLwks, Arabs. Central Asians, CaucasIar and pakista8. Fund$ hold a$ eust¢xlian bio fund3 held a5 cUStj1an, PJiembers' liablllty The IILymber5 of the company 9uaranlee lo corktiibute an amount not exceedir¥J £10 to th& assets of the company in tho ev8nl of iwnding vp. Disclosure of Intotk)n to wditors Each Df the persorts who aro Tru61ees at the timè N¥hEn thia TnJst8eJs' roport is approved h confi'rmed Ihat: $0 far 88 Ih8t TrLIBlee is Awaft¥, Lhere is no relevanl audit information of which th& ¢harttYs auditors ar4 unaware, and that Trusts? has takfjn all thts tsteps Uiat owht to have beètb taken ag a Trustep tn order lo bg aware of any relevant audlt Informabon ar)d lo establish that the diarity's audilor5 t1re awar& of th81 iiilormalon. Page 7
BIBUCA EUROPE MII4IISTRIES TRUST IA Gompany Ilmlt•d by gu4ranteÈ) TRUSTEES, REPQRT (eoNnMUED) FOR THEYEARENDED 30 Sèptgmber2024 Au(tor% Th& atsdrtors, David Howard, havfj Indicated Iheir winingnoss to continue Sn office, (JE3ignate Tmst8as wlll propose a mob.on reappDinting the audltorE at. a meelin9 Ot Ttuste&ts. ApprDved by rwjer oftho mgmber8 of the bo8r4 otTru$tees and gned on Iheir behall by.. J Presto T stone {Chalr ttf TNsleès) Dae= '21r (Trusloe) Dale.....,,...... 0311212024 Pagf& 8
BIBLIGA EUROPE VINISTR1£5 TRUST IAcomp8ny limited by uuwaniep) STATEMENT OF TRUSTEES, RESPON81BILtTIES FOR THE YEAR ENDED 30 Spy19fflb•r 2024 Thé Trustees (who arp Also tha direelcB of tha GQtnpany for thp puipose5 of compaiiy law) ar rasponsible for prep4ring the Trustee8' report alld the fin8nclal ¥latements in atscordance wlth applicable kaw and United Kingdom AGcDufbling Standarols IUnll8d KIngdC Generally ACpIed Ac¢ouTrling PrAtttiGel. CoMpaY law requlrèy the TNistBas to prepare Wnanci81 ststtsmenls for each fi'nancial year_ Under tfjmP8ny law. Ih@ Tnjstees mu51 not apprDV& the fillarKial stalenients unlèss Ihey arg satiSfd thal they give a truè ELnd fair vlew of the stale of affairs of the cc>rnpaY and of its incoming resourc£> and 8pplicatlon of resources, Includin9 its ifieome and expendilurs. f(K Ilial period. In prgparing these financkl otEments, the Tiusteos artt required to: solfjcl sultsble accounting pulicle8 and theTr 3Foly them conslsterntL¥', olJ50PVe the melliods and principl8¥ oflhe Charities SORP (FRS 1021,. make judgmen18 cl 8ccDyThting estimates Ihat are s8onable ad prudont., slate whether applicaNe UK Accounting Slandard8 (FR8 1021 have beeY7 follwéd: subjo¢l to any matatisl departures digdosed oxplainé¢y Ir) the finanrAal 3tatèmenlts; repare the financtal statements on thè going cCen ba&s unless It is inappropriatg to presurti& that tho cornp8ny wdl cwlMve in busines3= The Truste08 are responsible for keepillg &dequate attwnllng reGords tl?at are suffid?nl 10 8how and explain the compan$ Ir8paclions and disc1058 willi reasonablè CUracY al any tsme tre financial PDsiIK)n of the CCIpanY and énable them 19 ensur2 that the I'inan¢lal $talements cotnply ith Ihe Companies Act 2006. They a180 responsible fDrsafeguarding the as8ets ofth& Gompary d hence for tsking reasonable steps Tor the prevBnts"on and rjeteclion of fraud and olhei tregularities. Approved by ord9r of the membbrs of Ihe board of Trustè&5 Èncl signed on 118 behalf by: J Proston (Chair of Trustees) Date- .. Pag& 9
BItsLICA EUROPE kllNISTRIES TRUST (A eompahy limitéd by guaranteb) Ir¥Jepena•nt Audltt)xs' Report to the fal4mbers ol Blbllcq Europe laiDi$trlos Trtsst W8 have audited tho IlngnLal stalernenls of BibliGB Eurqje nIS[rieS Trusf ft)r th6 year ended 30 Seplembw 2Id thich eonprise the 5ta16ftknl of activltios, the balance shael and the related tes, financial reporllng framExvDrk that ha8 been apPed in Iheir prepar41.on is appWts8bie law 8nd the Finan¢l Rewrtlng Stsndards CIL¥jPng FinancL41 Reportlng Slanaard 1Q2.' The Flt)&ncial R•pothng Stsndarcl applrabk In the UK and Republ1¢ of Irèland (Unitod Kiwdom Genoraly Accepted Acmunll Pract$). Ift QLf opSnlon, trTe firAn£val statèrrts. 4 true and %iebY of fhe 81ate of Ihe Charity's affairs as é130 Sepl8mber 2024 and of Its Iw(¥ne and expenditure for thg year then enderj,. hove bèen prDpeNy prepared In (ordanCe wrth Unitad Kingdcth Generally Aoeepted A¢countlng Pract.. hav¢ been PtspBrJ n ae¢ordanc6 1th th$ reqiNr6ment$ of the fyryJanh36 Act 2006. 3q61s for ophion We conducted our audl kn accordance wilh Inlematlonal Siand4rds on Auditing (UK) IISAS IUKII and appIab law. Our TBspon&ibilitres un(ler th0gÉJ stzndards 8r@ fiirthei de¥cribod in IhB Auditors respc81bI[ltl0S for the audll af the financial statements seclion of our report. We are indEpeTrdenl of th chartlable company in awrdancb with ihé 8thioal requnmrrts that are relev1 to OLW atsdilofiha financial stslfjments M the UK inclucllng the FRC'S ElhiThl Stat8rd. and WÈ have fulflerJ Qui olhgr 2ihitral reBponslbllities aocoydanoe with Ih8se requiremerrfs. We bèlieve that thè audit •videncr¥ we h8Vg obtained sUrent and 4Fyropri4le ID pyovlde a basis for thjr opinion. ConGlu$lons rolating Io going conM In audltlng the financial statements, We ajnpludèd th1 the trustaas. us2 of the gDlng Co&M basis Of accoufjllnE In fhe pr8paralJn ol the finanti31 statwnenls15 appropriate. B8sad on the work we e perfcfft?ed, we hav6 not id&ntifi dny malorkl urthrt8intlos relallng lo ovents or conijpllons tmt individuaNy or collectively. may ca6t significanl doubt on Iht Ghsrilable companls aknlily to co411n as a goiig wncern f¢K 8 period of al lasl 12 montFks wh6n the fir&4r4jStateM8ts are aUl15£d f¢T iSSue. Our Tesptsnsibifilles and the iesFonsibititios of the trJse¢s wth rF)Skt to ilthrs oon¢6m are described in tha rlevanl Secti[$ ofthis rer*yt, Page fo
816UGA EUROPE MINISTrIES TRUST (Acompany Itmited by 9uarant••l In¢lepethlentAuditors' Report to thè of Blbllca Europe Mlnlstrle5 Trust Other Information The cther inft)rmation comprise8 the itifoTmation Inded in the anwal ieprt Iluding the IrustseB' rgport olhgr thats the fin2nclal stat8rn¢nls and our auditLY'S report lthreon. The InJ6tees &r8 r8sponsfi)le fN the oaher Kiforrrotion conlaine(J wiihln the annual reth2rt. Our oplnion on the lInan81 slaiornèrbl8 does nol cover the olher information and, exoert to the extent OlaeNSe explicitly statsd in our report. we do not express any form ol as$urance condusion thereon. Ir résponslbltY is to read the other infOmati 8nl, in d(ing so, consider wheth$r the otrer InfcKrThaliDn is materially inGonsistentknrfth the ffin3tKial statements orour kn£edg0 oblairnod In the Gouise of the audi or otht¥¥vise 4ppears lo b6 malerialiy misstated. If we id8nlSfy such malerial ir)Eonsist¢n¢ies or app9r( aterial mlwalemenls. we are required Lo detÈrming wh&thèr thi5 gives rise to a materiol mi3slat¢rnoftt In the fila1 stalemènlg Ihemselv@s. If, based DTr the we hGiJe p¢rforDEd. we concludé th841 there is a rnaterial mi&%taternent of this other lfcMatKjn, wo requi lo rryrt that fa We hav& nothing b? r(t in this ward. OpiniDns tsn other rnatter5 prnsGrlbed by Companies Act 2006 our oplnlcbn, based on the work und6rt&ken ITh tre coum t)f Ihe audit Ihe inlomalpjn gNen li Eho truBl8ps' report the 1tronc&91 yew for which Ih6 Ilk)anGlal statements are prepared is consistent wth the inaiitsal slatemenls; and Ihts INstgBs' rwort bean preparecl In acCordae vdith 4)p11&150al rewirements. Malters on whkh w• arè tsquired Io report by exception In th• lighl ol the knowlge and understandlw of the Charlty arid its envSrotwnent ot¢aTn¢d in the courso of Iha &dit. we have not identliled mateiial mwlaknpnts Ih Ih@ TrJJslees' Annual R¢porL INe Fk9ve notrlw to In m8PeGt of the folcwlng malle in relorn to thè Q>mpani&sAd 2006 rèquir0& us to raporl to you if. In our opinion" adeqLrale acrounting recon1s have not beeii k¥pt or retuirs ackwualo for our audrt have nol b88n receivwj from braeS not vlsittsd by us" th• nond&l slat8rnents are 0t In ogt¥¢ment aottsunliw r6GoryJs and iefrums,. certain di6ctosur88 01 irusleÈ&' remun8iabon 5P8cified by law are not Mlts., or the trust9 were not entitd tt> wap3re the linancièl ststerrEnts in aOrdanCe with the Small compe$ regkne 2ncl lake a(Ivenla9e ot th6 small C51e5, èxernplions in prbparin9 the trustees, report an(J from the r6qurgrn@Tht lo prep8lE 2 str8legic reptr(. Pagfj 11
BIBLKA EUROPE MW15TRIES TRUST (A ¢ompany Ilmiteo tyguaiontsa) Ind0Pdent Autr8. Rfjport to the M•mbers of Bibllea Europe Iliinlgtrles Trnst R8sponsibilitlK trf the trustées As xpiaine(J mora fully in the Iruslees, r68ponsiLxlilies Slatemrt, the trus106s (who are 8180 Ihe dirp.ctors tsf the charllaNe company foi the PUYPo)ses of company law} are responsib for th& preparatn of the nancial thletnenls and for being 6alisfied that Ih&y give a true and faK and frjt ch internal contr as Ihpy delermFne1g necessary lo enable the prepatK)n off1rnlar stsiannts that ar8 from material rnigstalemenl. whether due to fraud or f#rror. In praparing nala1 slatemernls. tho trustees aré règponsible for a55esslw the Charity'5 8bifily to linue a g&ng ¢oncrn, disclosiru, Is applicfftble, matkr8 related to goiw concÈm alld u&ng th8 goino concorn ba¥B ol untess the Irustgss either inland to NquK1atè the Chority { ID Cè358 operalk)n$, gr ha no ieallsl1¢ allernalive but to do 50. 4udttor¥ r&pon8ibilitios t¢r audrt or thè In4n¢lal talements Our obieLves arg to obtain re8sonabk a5suran¢& abtsut whètlpr the fiTrancial statements as a wthole arè freefrcn matèri81 mlssttnenl. fft&therdua to traud orerior, and to iSe ar audilorfs rgpcw1 Ihal in¢JLtdes our oplnii)n. Rea5{ale assuréMc& is a hlgTh Iov@l of assurah¢e, but 1$ )¢ & guAianlee Ihal afi aud ndLtded Sn accordan w4th ISAS {UlQ will alway5 dete¢l a Material mwlal'emenl when rt $1 Mi&statements can arise from fraud or 8rroFand are considèred malorlal rf, kndividually 01 in the agGTogate, they could rèa&onaNy be 9xptad fo lluenC5 the ecoThomicdethsionts of etlekern on the basis ol th financial otalement5. IrregUkrIeS, inclLKIN)g fraud. ara inslan¢es of non-compliance with laNy8 and rulaon& We deslgn procedures In Iln& with rgsponsbililies, olI[ned above, to dè18ol matorial n7i&slalem&nts in resp¢cl of Irr8gularilies. Induding fitud. Thè extent Io our procedurgs are BapaLle of deldcting iir9gul&rilies, indiirjlw is detarf$d bekjw.. Our at>Droach to ent(YIng and assessing th8 risks of malerid missfalemertl in respect ol IttegularfftJe8. cludbng fraufl antj nDn-corr4)liance wilh laws and rwJulations, was as follcw5- 8fli#g&mt Partner ensijied Ihal the engagemert team collectively had the appropriate cornpetencfj, ¢apabilitre6 and 3kills to identrfy or reo)gnts& non-compllance with &pplieAble l£ws and rEgulaUons', we Iried th8 laws regulats'ons 8ppk¢able to th¢ exonY through (l581n5 wSth Iru8lee8 and other managgfflenl, an¢J from our comm8iGial knovAÈdge and expen¢8 of the sector. wefocused on sp1¢ lawg and gUlatIO which we Gonsidereil may ha¥8 a iltrect material eff1 on Phe flrrancial Statements or the opwatlons of cornpany, incILing the Chariles Act 2011: tsxalion legislalTon, data woteotion. antl-bthery, health salety legislaliorh., we 48sessed the éxlent ol compllanca with IS and rOglal011S idgnlli&d atxwe throu9h makirto enqLurigs of management and InsptKtin9 81 corr6spondenc?,' otKI idBnthfig0 laws and regulations were oimmunicaled Within thg auail 188M rEgulgrly and the team r9malnèO alert to inslanc8E of non-GOmpli¢e thrE)ughoul thtr aud Pa9b 12
BlaLICA EUROPE IIIIN18TRIES TRUST IA eiknpany limlted by guar¥ntèèl Ind8pond•nl Audtors. Report to th• M•mb•rs of BIbu Europ• Mln18tr1¢$ Trust W6 asse39ed the sus(eplibility of Iha financial stalemen16 to matenal Fru$s¢alemEnt, Sncjuding Dbtaintng an und?ttslar¥Jin9 of how frdud miaht OCLwf. b makirw etwuities of magement a5 to v¥h8r• thoy rljered th8r8 was S¢&ptIlI1ty to ftèud, thdr knOwge of actual, suspected and aMeg8d fraud., corisKleTing th• internal CtrS in placo tts mil.ale risks (Jf fraLbl and non-¢ompfn¢e wllh laws reguktions,. and to &Jdre8S the 155k of fraud Il¥owJli rnageMt bia5 and 0ride of controls. we.. pÈrforMèd analwlcal procedur&s t4 iJ&nlify any unLVAl or unexpect&d rèL4llorhEps. lest8d iDurrtal @ntnes to Kkntify urLUSuel Iransaotthi& asse55ed wh•ther1u(JeMls and assurnptlons made In dtstemiining the acUnIg estimate5 get wt in Note 3 wer8 IndliVe of pthntial bias- and investigatsd the rali)nalg behind s t[can1 or unusu¥l trynsacurS In SpOnSe ID the riak of Irregularities and non-CLthF4ianeo wth Iws and regulations: we desigtx rocwjures whh clud, but wérè n(rt lirftiled to.. <Ang neal statem1 dclOsureS to undeftying Sukworting documentation: enquirino of Iru31ees as lo e(j and poltIal lituation and daim6', rwFèwing corrgswJhdence with rekvant regd8tois ThBra are inherent IINitsllon5 in our audrfc prrtedwes described above The rnorp removed that laws and fegulation$ ai& TM fin4nci81 transactions, the lès$ lely 11 18 that we would become araTe of non- compllanBe. Alting stsndards also lin)il the @udil predurEs requir lo Idnllfy non-comtAiance with lawÈ an(1 regulatlls t4 erqiiiry of thè dtroclors and olhor managernenl at¥J Ihe inspèots'(m ot regulatory alld legal corresporen¢È. if any. M8tsrial m55stslements th81 arise due to fraud Gan bp hard8r to detert than th0$9 that aE from 89 they may Snvofve deliberate conctsalmernt or collusictn. A furthÉr desGription of our r¢sp¢)n8ibiltt1è5 for tho aLEdit of Ihe financi81 tstennts 19 knGaled on tha Financk41 RepDrtlng cothI,8 websit¢ at fvw.frc.org.Llaud1fiDr5re¥JC8lbllFI1sj. Thls desuSplbn forms part of our auditor's r¢¥lYt. U¥ of our repott This rèrth 18 madÉ solety to the Bharity's memters. as a body. in acGDidanc8 Wlth Chtytsr 3 of P4rt 16 of tha CompaniÉ$ Acl 2006. thr aL(C work has been undertaken so that mlghl stsle to the charrtJrf.s members those matter3 wi are required lo slatg to them In audlts)r's rep(*t for other PLWW5e. To the lullesl exknt permittèd by law. Ive do not aept or 3ssume t&8pon51bility to arTryone other than tha ¢h¥rty 8nd IhF charity's members as a body, for ow audil w(Ml¢, for this report, orfor the opinijns we f(Kmed. Pago 13
3IBLI¢A EUROPE hlNISTRIES TkusT {A Èvmpany limbtÈd by guwpjrteel lrtdepgndgntAuditors' Report to thfj Membrn of aibfiGa Europe Mln15trles Tru1 (cpntinued) Phlup La FCCA Senirjr 8atuttsry Auditor For antt On behalf of Dad Howard Chartersd ACCntantS and SfakntyAL¥torts 1.Park Road HamploTh Wlck Kingston Upon Trames rrey KTI 4AS Dat¢.' gliz 2024 Paoe 14
IiraLICA Eif<opE MINISTRIES TRUST IA¢qthpany Ilmltqd by 9Uar41rtEe) STATEIIENT OF FIIIANCIAL ACTNITIES 1CoRPTtfr1ts INCQMEM4D LKPENDITIJIE AGCOVN tsk YÉAk ENDED 30 &EPTEAqBER2024 Uwtrl¢ted fimd$ 2P24 To11 fndS xM)24 rot IJ5 7073 Not trP Irrkn.. DOrThli(35 and ltyariis 460,112 14,8Ql J,194 1.49CJ.f60 11, 6¥104 4194 Total IN¢oMe 1.077.$08 42e.446 I14.3$4 7.98P.991 EYyn¢Nrp on.. Ralsii'.£ funds 13.lQ4 1,061,6•1 4184 IY,118 I,SS1,2f1 ?7.090 2 086.970 Toil t,072W7 494192 1.563,89 4074.ts60 Net I9?1Th9110t9cAIjO) resrces in the*1 bgfor• transfer 4tfwnds 109.4461 560 ¢4¥ 1705.Q89) TIND5fErE i¥ kneornlThgll¢wgolnyl rtsvwrops Totsi fu& 4,833 1640451 (105,Di191 614,090 )64,71S 14&147 fotal carrhd forwmd 444117 The note2•1i P4kk 19 33 rtwm pértnf the¥•finin<iol ¥tstBneiiis. P8gs15
BIBLIQA EUROPE MINIsTEs TRUST
{a ¢o#Trpany Iirnltod guaTanl
BALANCE SHEET
ASAT 30 SEPTEMBER2024
21Y2
Nixe
Fllxed A889lB
Tsnqbjo xsset#
14
2.674
I,G9T
,B74
D8ltor$
C&Jh atbank 8nd sn
15
gQ.121
44&,12
25f.&
719.047
546,Q6J
11fy2.92DI
rethtU¥.' aQUI7 falllng duf iI¥lhln wJAr
911.2QJ
(463:Q4
Nd¢urrert 455ets
443,143
Tthal sBeb current 1kiblO
445.81T
SJ9,662
MDtwets excfudlftg Penon al8$
448,8IT
A)>,yE2
Total netaa88t%
441ef ?
5tt9.2
Ch•rliyknd&
18
Uprestrfcléd fLmds
14&746
111
369,J4$
445.817
J04 716
5(g,S62
ThB Trvstevs J
BIBLICA EUROPE MINISTRIES TRUST (A company limiled by yuarant••} BALANCE SHEET AS AT 30 SEPTEMBER 2024 J Preston lQ)airm$D ol Trv$teesl T 6t4)n ITru$l¢el T1 nol&% èn pa$ 18 lo 34 farrn part of Ihase finala1 sE8t8moTrts. Pige 17
BIBUCAEUROPE MINISTRIES TRUST IA ttompany limited by guarant) STATEMENI OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEM8ER2Th24 2024 23 Cash frtrn op•ratkng a¢tivities Not ca$h provlded ttyllusedl kn OFEratln9 activll@s (274799} 2.528 Cash Ihws from aelivitios DItr1dlS, Intwests rits from InVestrnlS 3,1 82 N&t osh pytsvlded by Investlng gGtiviU•8 3.194 32 ¢&h flows from fjn•nclng aGtivitit$ Net cagh provid&Y by financir4 attltieS Change In sh and ¢sh eqLvdents In the Sear CBsh (ash iquDiaf¢nts at th8 be[n¢ of the y•ar 1272,605 719,$47.th1 716,987 Gash and Gssh equiv*ntS aE Ihe erbj of Ihe yBai 44fj.942 719,547 Tle notes T)n pag&5 18 to $3 t[ P8rt of th Iinanclal ststemenls J&18
BiaLICA EUROPE MNISTRIES TRUST IA company limltsd by guarantwl NtyfES TO THE FINAIICIAL STATEA4EIS FQR THE YEAR ENDED SEPTEMBER 2924 liworrnatll Blblrll kwuiJÈ hNl$trIeS Twstl& g prpiu Gumpany liin119d tygiigrantA•.The cornpanyis iTrJorporated Iri EJ)glar] and has the wmpany rturn)Ar QWJ753259. The regiknd oificè 1$ 21-27 Grfffin SEonc. ,10tsry) 1.8mb8. Cc)ndtht Street, Londo, WC1 N3GS. Tho prE1p pe ti bu$1$$ Is Thé fvbuN ines5 CetVs&. 2 Woo(kto¢k LinL Bdf&st, BT6 0.Th9 rxinapal &GtivityofhE CoMpwryAllmUI)d lo thé furlheranw4 4)f Fpkgion Ilirnwh tytl(4 tran%lalion6. bible Iq Bw"s of prapwotion olfjr4Tr3ial sratèmtfj The financi stater5lIS. have Ted In accotkncowmli Ihe Chrlitl sopp £fR3 1021- Awuniing and Roporlin9 by Chstsfj&s- Slatem¢nl ol RWMMQded Pratte appilcajle to ohm41$ orwE)ring IhwrTvAJunts ITh aEGDrdancE with rhe FInanG1 R¥ortlng Skndanl applkabl In lh6 UK end of IRIAI)rt IFRS 10¥ leffectr¢e l JUry 20151, th¢ Finan¢l81 RWOtUr qksrpdard 2FpIIcabie n the UK 8nrJ RepuNi¢ (Il Ir•laNI IFRS 1021 and Ihe comnieS 2006. 'tyti¢a Eumpo% MinislrE5TEustuels Its) dèllnfth)Iioffi puNr hcntsfitwititydrFRS lts2.15 and lIaN"t ath151¢¢S1 GOJI Otransf%l)Va1 unless (the1e state Sn the rvlwHni au(ntIng pw. Th# 71N&I¥l gtatsmO1 Aro presented in 8tsrHny (tl_ T1 kniel of roimdlig £1 22 li0111]n with p¥DwMJu5 LlenÈrolly Aepted A¢untINg PrectlED In wèpatillg these atCOLntJ. lh8 Tru%igp.s havB coiiRk1•rod Whether In applYa the p)hci96 requlY&u by FRS 102 and It ChAillkn& SLY4P FR8 102 rpBtat•mot ot mPratiV0 em5 rè4uirEd. No atcrnentTr&S reqLL5r8d. Z3 Gompary stal The compaiiy ¥$ ¥ (Drnpany Ilmltod by yUntÈs. Thè memb8ii¢tho £cthpany is Biblitra In In the evelll vf Ihp corty&ny bgi) Jf wound up, Ihg liability In respect of the guarlee is lirnited t £10 per niartlgr QFtho company. t4 Going Afler r4VIvAn9 d)aniable cornk)&ny reserv•4, loreca8t8 4nd prg(Ktions, kncTru5tees have a rEasonable that the charit&blB ¢xmwny has sdèouare Y980urc&s ro r.TrnlrrtJ9 In QFeraf onal EKi5tenctr for Ihe fr)ro$6r&ble future_ For rtrason. LThinue to *)pl Wing soneAm b%r is proparfnq the linBnGièl swfflenib", P•JB 19
BIBLICA EUROPE IIIWSTRIES TRVST IAth>mpénylknlt@I bywjaranteel NOTES TO TFIE FINANCIAL STATEMENrs FOR TIE YEAR ENDED 31 SEPTEIABER 2024 2. AoUnta Y0Cl•S l¢ontinwÈdl 2J Inmma Al inc)mÉk iy re¢oE7ni.c4 ffte cOrrp)Y h2$ eniidemotrt to +?)LOlm, It Js that ttjè InGomg b8 rec¢iv8d and the afflount of 1ce rÈC¥v5& C4hn b• maasurtrj ièfi&bly. Tho reo)ynitk)rt OF inGorne riom legades is d&peiident on e3tablL%hiny lItml, tt)è 8[))111tY ol rB(elpt &nd tho abibty to &stnNate with SriE1C#nt attumcy the amount Eviden¢y ol fji)IIUeTrgnt trj a leoary •Xi815 x)l)Warry has 5Lrffio&nL evQnCe th a olft has been Wt to Ih9ni lthmugli knpwleQyJ of Ih? OXISO of * valid WUI the (bjpllh of tl¥J be1actor) ttnd the èxecvlor is sfjtssffed tt thL4 pfoFJ•rty in Welt1) vjlll nut be r24uirgd to safj.sty Llqinis in Ihg e5tal R¥t&ipt of a 1gtPLy rnIISL be recoonisocl Wh it is pffjbabk tknl rf 4¥ill bè rTried anol ÉhE klr valu of th& amount reable, wh WUI genoralbj kn th& aNbwiTE to be dSstribtrted the coMpy. can bo reli¥bly measureEI. IncLV lax ro¢oveJk In 9110 to iiv6strTnt knCL& r6 the tin the IrwstsnÈnt incorrn) rocdvatr. income F roco)nis9d In thè peHod in wlileh It 18 ftrIe and tQ Ihe Extfjnt th? gorxla hwe been providexl ¢)r on corhylelion of 8er¥lco. Expgrdilur• Is recog7rsBd ther& 1$ & legal orconslmclNe obliga117 to I[sf. [mOn1C E)enefft lo 8 trlrd wtty, rt l¥ protyable that li Iransfw ol 0011 bèh4its 11 be rwuirèd in seltr8mon( &nd hv arrKJuiit ol he Ot4aOn bÈ mgasurt>d rgliably. ¥¥penthturg isda&sifierJ ty aFlThiliy.-fhè ¢¥)sts of each <fhvily made up of th8 lotal ol din•ct coats LI shored Cts54 dIlig 8uprort rATrsl# involvd Irh undern e•¢h actiyity. OirECt¢xsts allbUlablo to a 5inglf 111Y lip ala.-.itéd thrncty tTrt actiLJi . Shared costs which Gonlrujutfy tc rnor9 than L? a¢el¥ity 4nd [VorI whKh 2r& not altlTbut8bl•io &sinllle adMty are ipportroned b&ith)En Ihos@ ar.tli'ities on 8 bas18 QtsnSlSt¥ntwith the uso ol rEsour(ts. Gentral Ètarr Cot oll(J¢aled on the ba%ls of iimr. St. 4rKI deprDciaikJn haroes alloe8tBd on lh• porkntsTr of lh usg. F¥pIE[1trO on r&siiig funés hGludes all experltY ineurrr4(J by Ihc wmp&ny to raiae funds ts jcs eharitable PLwposes Incllides costs èlan ftin(k8kwng aLlIrtia% W8nl.E and n(m-¢harJlb1P traLng. Expenthftjre on chahkabl6b aolivrEÈs is 4ncAJThed on direLY ulErtakInU Ihe adDirtles Nvhh)h furth¥i r.(4MpEny objectivèa, qs aè any aSSLvaieJ SLJpfx)rt copts. CaJiitS pa3mbl srg chargpd in tho yearvthw the trfhir Is m8fJ¢ exrept In thos• ca¥e¥ where Ihe offr is corKJiliorbal, Sltch gIts tyeing lTr))gnlJ as exp911 whah the thndilvns 3tlJchin9 are ftAfilFoJ. Gr?nts offErgc4 sbbI¢1to GorxJits.0 Wnl¢h not bn atlhe yEar(4nd are notJ )Inmstm¢nt, birt Yw)t aGcrued 0$ gxyenth'ulre. All wynd1re is in¢lu5tvo ol IrrerANerablo VAT. 2.7 Interest rgoelvabi• on f¥JS het¢ on le1( ia inclLKlal when r8[Vibre 2nd thi omocmE CÈVJ be merthwwd reliabty by th@ comptyjy., Ihis 1$ notifiLation 01ltrv Intetht paKI 01 pryatAe ty tPiè Iiislikntitxi Mdth Yhiom fhe fuThfj$ are dapogrted. P4)e 2Q
BIBLICA EUROPE MINISTRES TRLtsT
(A ogmpanylknilgd by guaranlkel
NOTES TO THE F#4ANalAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBFJI 2024
Ac¢ountino policies {colJttnuedl
2.8 Forgign curran¢l4s
ngry ast5 ind lab511tiès d&nominat•d in forllgn curmncies Ir&nslote(I Into gtèrlwg at rat8s
ol whango rukng dl date.
TrartsaeAitin8 In ts)r&tqii currwr.l&& arE Iranslatéd Infts) st19 at tho rpto ruling on dal¥ ol thè
transÈtlc•n.
Exchang8 llalrB and loss£s rpcognlad kn the sratmènl olffnanrA¥l acts"Nitkts.
2.9 Tangknle tixed and depreciaon
Tangwe lixed asse& eo¥tlno £2,CKJO cy capit151 Arvj rerJ)unld wheTh fulw eCOth£
bBnèfft5 praha@ ble LoÉl th vae ofth& ¥SB9t catri t3 fTDasuTed Trliaw.
TarWJO fixcA aOts STE Inltialty roogirfsed at fj. Pdtor rRIn. the cost l1b1
rE
BIDUCA EUhJPE MJlllfRIES TRU8T (AcorAl Iimlted by043rO¢I NQTES TO THE FNANC14L $TATEMENT5 FOR YEAR ENDED 30 SEPTEMBER z024 2. A¢4tsunUng Polrcies {contknthdF If2 Llabilitles and proY1¥hS Llabditigs ate TrFLowlsiYJ whm Is oWiqton ot th• BaLyru $bèEt date a3 a %Ul[ cl a W51 È¥er¢, itls probablg thai B trwsler of bentsltwill be rawireil IrF Sèl¢lemoi)l. and 4rr#)unl of the S4ent Can bo ¢stlm71wJ rdiBbly. LiaEAli&&4 are rtc(Jiitsed al the amI)L1 thal th& eA)mFony anbdpalg$ il wll t8V kn ¥etUp Iht or ih? ttr l)a5 reG91¥ ay pay15 knr1he seojs or serv15 11 rnusl pyovpje. Prowsion% arr ftie8xud at the best 08t11te of am(XJMts roquIrd kn sp.11 tha cLlbal¥)ii. Whe the éect Df the h.mè value of rnnney * nFJterl4 f)rui4uion 1$ b on tho Dre¥enfvaltse Dlthose rnounts, diSclit&d at th pre-1X dis¢ount late rel]tsth the rlsks 6wLylic to kne fiaN1y. Yhe unihinding olth6 di9cwnt18 recognl$Éd in Ili¢ Statgmgrrt of knnaIiclal &ofjviliES liTra)¢è co 2.13 Fkn4nclaJ In$tmm•nts The compaty only fiionclal sts arKI flrnwick]I Ilabiibgs 8 klntt Ihat qualKy as baslc finanGlal instrument& Basic finatKièl IiisfFumpnts- ilmtially ¥eoJgthiged at iransactSoh Yaliie Bnd subsEqu•ilJy tTpapJJr8d aL their 5etU&menl v8liie wt#h the excephoii Df nk whiEPTr a sukequentty al¢eLl ¢(tsl the 8flodve int6iest rnethfyj. 2.14 PensFrth5 Tha opeFat05 a definèd tJintrilNJfion pefi>it>n 4nd thE Perts4 charge rnptssenl Ih9 pzyaue by th6Trwmpaw lo tho fund re3p¥Gt the year. 2.15 Fund ae¢otsnting GenerBI tsiirfffjtrknle4 fund¥ wjhrh ere for use ?t tl)è discr0Uuh the Tru5t9¢% (n fUrtherrye of Oi¥ ger objeclwtts of Ihe MpUnY which Iratye rt bèen dFf4gtstod for uthgr purpDSES. Rerth lund% are b) be USBd In &'ctknno specifk re81rictN& lrnposod by or which hav• en rad by Ihe conipany lor PIcer PUfPtbg- es. Th£ CDSls of rni$in9 wjmlnislgrkng w¢h fund8 t)re charged walii¥t h) tspecitic The ai)d use ol gac'h vtypbickd lun¢ Is 88t out in Ih& notes to Ihe sÈtértErfs. InSentlE0MO, p3ln& alI losse• sre llc¢aied trp Ihe appropEiBte fui¥J. Pall8 22
6IBLICA EUROPE MINISTrIE6 TRusr IA ttompanylimlt•d by gu2ranteèl OTES TO THE FINANaAL sfATEMENTS FOR THE YLIR ENDED 3L4 SEPTEhl3ER >J24 3. Crftlaal acc04thtiTrg eStinl• of judqcment EStileS are evalu8tÈKI and are based on hr&toric81 expejiaw la¢Xo EnLIAItI9 expeclatY)ns of lutuTE evenLs tkot are bolifjvgd ta be rEaS&ble uridar the ciruJmstanG88. Crhièd acoouiilkng O•-tlmateg End ss¥uriplui8: Thè cx>mpany maka4 8slirnalèS &gsutTh)tm reThi thv futu. Thè re¥ulting 1)Un"r &sstJmptlort8 will, by defuiitlllll, 5eklDm eou9J rdd actu81 . The &Uin&le$ and assuniption8 Ihot havE a [lfiLlint ri cauflw x m8teria dJUstrnt lo Ik tsarry1t of labilit$ with) ltr ntrxt finanoLg1 year ar& Èekxy. n prgpryJ Ihe3e fintI81 8mntS, thg Truxtrhx hava haj tr) rr¢& Ih& folwryi)ll IuthJèrnts' Dete¢rni1i8 pNhet1Tr3r thgrp indiGaknvs ol impalrnient ofthe c(¥npany¥ tanglbb WiE¢t8. FaclotE taker Inb ¢onsi(lèiation ID r0MIng Buch a detision Includè Viaty and expected fuiufE flrkqrtd41 pTOnnGe c tho and Wre il a (oTrwnerl of a largei o7$lyner91ny unil, the VkyL41iiy futsjrp porformar of ll)al unit Tangbla Ixed %gseL# lsee note 141 are dgpTerxatth oveT th31r eful IWES iaklno into accThJtll wsid¥a' v&liiTrx, vthere 8pyr4)prole. The a¢tual livofj ot Ihe a&$ets and reddual values are as8essed annually an¢ maji vary ori a nbar Of fvrtor& In essing a55eL lives. laoluB SLKh a? IqchL1IcI innovaOn, product lrfe cyr.lgs and rnaintenonce prourarnmes atE tA(ei) Into account. Reshdu81 value 8£sessmen(s Con{T issu0% such as [[t ramaiTring Wfe ol ¥S8et and Fwlected disposal vabJ96 Income form don•ttons und legadé Re*tthttd fuwKI% Z024 T4)t Funds Total fund? 2024 2023 46ts.112 414,944 5.05fj 7,490, 160 Totrl 2023 696,451 793,709 1,490, P4go 23
aleLA EIJRLTrE MNISTRIES TRUST IA ¢0mpanyliMll byguar&MtEel NOTES TO THE FINANCIAL STATEMENTS FI)R TFE YEAR ENDED 30 SEPTEM3ER 2L124 from ¢h3rfta>lo a¢tlvhi LtrICte¢l lunds 2Q24 R•strloled IuMd5 2024 Total Fund5 2124 rot&l 202Y oth #icome Ifom eharftable &1¥[tt88 fj14A02 Tc4a 2023 4711.799 478.799 incrTrp Unmstrktgd Total Funds 1024 rot&l 2024 2023 InwJ9tm•nt Income- IneTr8t 3.194 3,194 J2 Tota 2023 32 32 Expendkn on Yalslng funds Vnrestrt¢frf4 nd5 2024 Ro8lrl¢kd fuTrds 20 roial Fund 2024 2Q33 Fundra8ino trA&endrluré rEcltlk)n 1Z,62 378 1481 378 16,827 253 13,004 4.184 17,188 I7,00 Tc4912028 787 77,090 Fage 24
LICA EUROPE IIINIFfRIES TRIK8T (AcompY lirnited by yu#Yants•l NOTES TOIHE FIIIAIKJAL STAT6•nETrITS FOR ThE YEAR E£D 30 SPPIEM8eR 2024 aiyblé gf expeTKliture ¢n tharWIl• 4¢tNitiE5 Llnresthctsd ds R¢strkt¢d funds 2024 Tot Funds 2¢Q8 CharRabk activit 1,459.503 491.108 1.551.211 2:066,ty70 rotsl 2021 1.115.595 941,375 2,056.9TO Go¥ernaMè tMS U¥r4Ètrlcle fund$ 2024 Tot•l Funds 2024 2ff2J Auditor'5 remunèratlo Le1 feos Tru.%tets' È%pense5 7.000 187 7,69$ 9. 137 4.520 7.£95 19.S81 19,58 79.657 lo. Analysls ol •xwdituro by adivliv Adivities UndErtake r8crfy Fund¥ 2024 2023 aritablp 4clvY(y 1,551,211 1,551,211 2.056.9n7 Toial 2trJ3 2,05S,97Q 105Q970 Paga 2S
BIBLICA EURQPE MIN15Tr1£8TrUST IA e¢mpsnyllmi¢od by NDTES ro ThE FIIANCIAL8TATEMEIITS FOR YHE YEAR ENDED 3C¢ SEP7EMBER 2024 IC. Analysts oFeKpendltvro iry actlrfty1ctvjÈd) Ch1taJ tlvll88 2024 Totsi Funds Z4 r(thl 202$ Slaflom . 360,$90 I,S11 532,168 637, 7,695 7,00th 4.8B7 343,26 1,(¥7 931,238 T6Y.765 4.520 8.wo 9.137 Ir4rE48tion engpmpni Pub115Nw and (tstrbuiim ol 8bip.s TrusteÉt' 532,1 $37,3fj0 7.696 7,000 4,817 1.551.211 f.551,211 2056,970 3)23 2.056 9A) ?.tq55,970 11. I11£0[1, remuA&pit•)n 202& Fees paythèto the thPan¢S aUdorfor the audit of the company anw81 Jc<Ots 7,Ih)Q 6.thjo e5 payablets) the cornpany'_% oudiLDr ji) re*rt Qf all rton-audit sonq£es not in¢lud&J Iii 3,1 4.¢24 10,188 30_424 12. W<o5ts 2024 2023 ar sakrl&s Social 5ectrriiy Costs ContrlbutSoK its defined iontnbutlon pertsion 5cherno 311.&45 34,829 ¥J,916 360,590 291.776 38,491 343,258 ezfj
BIBLICA EUROPE MINISTRES TRUST IA company limitsd by quarawrteel OTES TO THE FINAlA[ STATEMENTS FOR TTrIE YEAR 30 SEPTEfiBER 2024 IL Stoiftoits ItcrrinuEdl avwa93 nurnber ofFerson) emFloyud by t (4partY during Ihe yesr &$ as folthv 24 23 Directors Offl¢0 & ¥LPPOrt $taff av(4[9 hgarfrvnt gxpr4sso¢ a¥5 lulktimE e4ui¥den15 VMS.. 225 The number OTernploye th05e benLts IExdudinB ernOr C05ts1 exceeded ÉGQTrIO was., lTrt bdFid EfjO,(KJl- E70.rK In tw. baTrd E70.ml-£80.fAXI lTrthe baThd £80,OQI-ELOO.((4) The clwrfty tsiderS ilg key m?rwEment ptr£onnd tD comprfse thè directors. erUt1. 0ffi¢gr pnd SEnior tnanag¢mgttt. Tho total gmF405è bErfitS of th9 koy managgmanl pgfBorm81 ot the Ghaity during Iho yfyar. w.b¢in9 InJr&Trx. £?lJ5.1&5120t2'. £942691 IX TrM8toas' gxptynii year, or offfte knJgtee& Sphgn Cav& h8s eIVed remunérat11 tmm lh& Charty. l¥ permltlad iy its dr4ktss. bui th15 15 1101 in r6tpeL'I of work for the Charity and the trSt& aro fu IEirnbJr56d by Bbllcs Inc: so the FYMl Brd receipt (rf these 4rpounk is Th)I in thè Statement of Financial Acbiqti¢¥s. DLiiing t1 ryr orKl4d 30 S•ptprnber 2024, lotgJllTrJ £4T1 ¥vere rMbur8ed or pakl dirgGNy to 4 TrtkBleos (2023- £1,329 to 2 Tru6t8esl. The r01mr¥eMents w&re for twel and acc01nmodalI) expthdith Pagè 27
BIBUCA EUROPE MFNisfFdES TRUST (A c¢mpaTry limld by gTantOI MOTES TOTHE FINANCIAL sfATEMENT3 FOR THE YER ENtsED 30 SEPTEWIBER 2024 14. 7aneibie fixetl assets OfFice Gost or v*luatlon At 1 Iktober 20 Addillms 2.865 LIsFQF415 At W 5&plemr2o24 (1,6941 13.382 OeprÈcrlltion At 1 OL.Lob. 2023 CIFrgg for1153 y8 Qn di$WlS 110,4141 {1,E481 1_594 A 30 Septomb8r2tr24 Ner book valve At 3D September 2024 2.674 At 30 September 2023 f,697 15. Debtors 2024 23 Due Withln year Trade debtors Other debtors 4mount& owed by Èroup LrndertakSngs 59,T03 0,317 9,101 66,>24 184,734 99.121 251,658 Pope 2¢5
BIBUCA EUROPE MNISTRIES TRwqr (A ¢èmpaty limited by gvaront•o1 NQTE8 TO THE FINANCIAL SYATEMENTS POR THE YEAR ENttED 30 SEPTEMBER 2Q4 Crs(Iltor5: Amounts fallln¥ due wlthln one year 2023 2W2J Trade creditor5 Amountsowed io gro undertakng5 Other taKation and soclal securrtv AccNals and deferred income 6.189 9,116 37,129 50,486 61,247 338,199 25,938 37,656 102.92 463.040 17. nanLial instruments 2023 2023 Flnan(ial a550t$ Fin3nti81 assets meèsured at fair value through ir*come and expendttur 446.942 719,547 Flnantlal assets measured atf3irvaluo thmugh incoN¢ and expel1dUr CDtnprise bank and cash bal8nce$. Palle 29
BIBLICAELf<OPE M1415fRES TXUST (A¢oThpanylimhd by WOrf•I NOTE8 TO THE FINANCIWL $TATEILIENT6 FOR THE YEAR EIXJED 30 SEPTEMBER 2024 q& SIthiEmqnt of funds StÈtem&rt ¢ffund&-currènt 5• Bala0 af I Qctob8r 2023 T1&rI alawKe st 3 plember hjnd Unra¥tFl¢ted lund Gèiierzl 119-1 funds Where Most IleedBd 36&716 1.07G,I <714 1,077.908 11,0711151 12,479 {1,074,9941 Ise8) 367.227 23$ a84,716 RestrTcbd fund5 c•B81b Bib r¥4p& Dthovfjr Fmnvine rch .Ea&lAsr Glabsl lrnpaGi Fund 3,158 1.•49 23 S298 24,fA19 4451 91 1,049 1231 11&307) 12J.779) IS7,gQOI 11001 {5,¢17) 120,Lh)Ql (25,(110) 12,7D6> 159.6101 12,9QEI 1¥0311 1431 33.791 21,764 $8.16Q 1z5 Mi¥8ion Funrt ra81& mU1m & Relug No¢) IceThlAldL Ropl Qmani ArNbic Oihor Rèslrf¢lEd funds each 4 Life Russ RLk5sian CAFt8 Scrlpiuyè Otha¢h C*tr4As $cr¥ure Oirtreè¢h P8t5Fn Scrlptuta TrJireach otherLatEgwges ptr C4Jtrea¢h Tur+ash SoM•li Lary4ray Cc¢nrnvniiy Trnal7n prDi&Gts Ulraiilan TrettsuFG &'t4 Ukmne Trafft Heallng 4779 6.41 .068 2,451 s,oao 25,DQ• 15.762 2fjfv10 2,752 326 3,198 10,872 144 312 f$,233 1I3Q9 11.SQ2 117.5281 IIOo,oooi 189,3411 11,(rf101 152.4691 188 31,117 0,828 1,000 S2.4fj9 1eJ331 S,271 115146 72.101 Yotal vlfunds 909.862 1.574 654 P8ge &)
B7BLieA 2UROPE N[sTRIEs TRUST covanY ]ta by guarants•l NOTES TO TrIE FINANCIAL STATEMEKrs OR THE YEAR ENDED 30 SEPTER 2024 1& 8t•EeMent of funds {¢ohUnuédl &&om4nt ol funds- ptior year lancè at a TrIrth bgrtV86fl BalaiLe oll SePtnber 2Q29 2022 InGvme Exi)etxltyur• Uwestri¢E•(I funcl ¢3gn&r3Flns- all funds 321,332 1,175,292 (1.13Y,898) 364.flfj ReStrta fvnds Ar.c¢ssiblc &bl¢ AiJ3tsape CanentJr Ee¢rope DiY4>)W4Dp Frt¥Jdine IJPuJninallons & Relugees herR&pp¢ted fiinds PunJtlLaTrgi1W9 GoJMnrmilJi fieach 4 Life fftjss RLisvn CARS So¢¢ityg Ou*Baoh C8iJlralA61a Sa?i7é4Jie OLrtréèch Fw.41Pernip SonpluTr OtrtthaGh OlhwLérpguaps Stsipture Ocrtré&lr Fwk13h $CptM rXtrgaGlI Ukialr rK411sl&ioA prtSe¢ls 1I5Q) 1.049 3,358 1,049 ijoo) r7,62Q} (54,781} 1697,594} 1729? 7,643 144.453 2,6db 8,797 (7:57J) 23 52.098 5,T15 5,068 137.574) 70ts.744 t,573 fS.000) 1250} 16.C 3,232 33,440 10,372 f46 2.944 .608 3é.419 12 1&762 3.232 3.T98 7fr.372 44.OG fTI642} 9,312 f&$:50Ji 9.1721 119.11gJ 40,897 17,505} 20, 16,510 017 Wljeie Alosl A&erf 2Y28 2g3,599 794709 942,702 345.146 Tolalof fund6 614 931 1.96B, 991 2.074.060 5CO.862 Pag8 31
BIBLICA EUROPE MINISTRI&8 TRUST IA tompanylFrnitod by9kKraTrtsèJ NOTE8 TO THE FIWANCi4L 8YATEMETrllS FOR THE YEAR eNDEb 30 SEPTEMBER 2024 9$. Swnmary StslÉm•nt of fitrnds- C01 y•ar Balanc• ai 1 BalanBB at Jo Septon•r 2024 2023 kncDme Expendlt¥ GgrKrdl funds 364,716 Rostrcted 1.077,90 2b,447 11.074.594> 1500,0¥0} 368,iJ30 14&.148 71,533 SQ9.862 1,504,355 (l.F14,6541 489,5fj3 8alanre at I October 8alance al 3Q Sapgmber 202& Expenthtw Generallunds 327.332 I, IT6,282 fl,13t:8982 384,716 29J,59 1942. f62J J48.146 6Y4,931 1,968,991 (2,074,0602 509 802 ZO. AMlpls ol net4S80ts bÈtWWb iur¥l¥ Anatysls of wt a6tset$ lJ•two•n fund¥ . eurrwrt y•ar Unre91rlctÈd funds 2024 Rostric f(ts 2024 rgt41 fuMI 24 fixed 4wets c1nt a88e(£ Creditor& dLYJ wth'n one yoar 2,674 2,ts74 $46,063 1102.Q2ai 1,505 1110,8041 TJJ84 Tot 370.11 7&701 445.817 PE 32
BIBLICAEUROP MNI8TrIESTRUSY IAcompany by 9uarant$&l NQTe8 TOTHE FifiANCIAL sTATNT% FQR THE YFAR ENDED SEPTEMBER 2U24 29. of rtusets bptrotyThfundJ jo)niimved) of mtttasxl• bth¢¢n fwrnds. pvlory4ar Li'ostrict¢d R•s£riG£Ed Totsf 262) 23 T&MLYblf[¢d assets 1.89T 686,557 (324538) 284,649 (199.¥ 971,206 {463.Q%l rcdftor& dJeWlA y rgtal 3J4,n6 Y4O,1¢7 J.4763 21. R¢qongil•¢itrn of n&1 nTrov¢mcnt ¢9 fl9w hm actlvlll4• 2Th23 NEtexFaitl1rtu.moTor searla$ oe.Iv11145j I45> (iO&(hJ jugments ILf. OepMiatiM chyroo 1.41 13,1941 12,a651 lJ2I37 13WJ,1291 f.31G 1321 Purchose trFixed A53EtS D6tr•aso Ni debtors IRcre&Ee n (¥&litcr5 189,lQ4j 14S.410 Nctcash operallng autlvklhs 9,5?8 21 Anayais ot *65h o•d eash •qiilvalg11ts 2Q24 2023 44fj2 719&47 Tvi4 dèh ad tt98h oqul¥d8rt¥ 446,94Z Paoa 13
I&LA ÈURCVE IMNISTRIES TRUST (A eoryy Iirnited by911ateeJ NOTES TO THE FINANCWL sfATEMEN FC& YEAR £NDED 30 8EPTEM8ER 2024 23. Analya of ¢hartgos In doéA Ati Octobèi 2•23 At30 SOpt•mber 2f24 ash flow¥ 8t bk and in han T19,547 12T2,605) 446.942 Total {212,605J 446,&4? Penskn MMItents The 9Jp Ote6 & dtsfi[d Lonlrlbu(k)n pon6bn sthem&. Tho assets olihe ar& helcl BaratY frDni thos@ ofihe on iThaepoMenlty gdminisl&red lund. The charge rgDftsgnt$ Ctsntribufjons p2y4ble by th6 gbup to the and amouniEd tc £13,91612023.. £14.gS11 C¢Aitrtbutvns £10.886 (2023.. £5.6061 wero pwyable to the &md 81 the balww sheèt date ncknded in ¢tors, Rglated p8rtytrartsa(Ilong BIbla Fnu 1$ thè $019 merrt¥or Of 8blica Eurcpo nkle TN$l IèEMTI, At end, owe(l B&iljca IrK. £af1612O23: £838.IWI, Owrng Ihe yoer, 8EMT tr8nSf¢r1 donah.ons rèEeiwJ to Bibllia It. OF £484,927 12023.. £bG3.9291 for ¥ob21 MDb4iy8tlon trarn¥lal projects dontts have Livan funds to 8itrkllc• 191 dobal mDblli5ath)n t[nas0 PNEct& AS thc pr(iEds ar¢ fron7 the charity¥ hoad Olts3 in Cthr¥do Sprh5sI At •nd, BeMT owed ty &"blc2 Nh'tklle East & rth AMc8 an amoubit of £4.929 C2(Y23'. 1) and by BknficFJ Stsuth Asjs £4.172 (2023.. nll. Ixwpig tho y8ar, ong (* Ihe Stephan Qave, S&d 1¢ 5 trtssi86 until 28 Februsry 2024, hsé weNed rle[ln frorn qhe Chéthj, as is p9rnillted by ils art9. birt thks is nDI rpspect of k for the chrIty th& costs flY reimbursed by Blblka I., paynnt and r&ey of Ihe9e Ig not refiectgd in tha s&tknMJnt of ancIal Actlviti&.$. P34