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2020-12-31-accounts

Contents Page
Report ofthe Trustees 1-12
Independent
Auditors'
Report		 13-16
Consolidated
Statement of Financial		 Activities 2020 17
Consolidated
Balance Sheet 2020		 18
UK Balance Sheet 2020 19
Consolidated
Cash Flow Statement		 2020 20
Analysis
between Branches		 21
Notes to the Financial Statements 2020 22-42

Unrestricted Restricted Endowment
Funds Funds Funds Total Total
Notes 2020 2020 2020 2020 20'l9
/Ncrr t2)
8
Income and endowments from:
Oonaticns
& Legacies		 1,480,688 741,777 2,222,465 1,980,512
Charitable
Activlbes - Publication		 &
Oistdbution
ofthe Scriptures		 3 1,110,451 7,352 1,117,803 1.219,547
Irxastrnent
Income		 4 27,932 65,497 93,419 t42,916
Other income - Gouxnment Grants 4a 66.645 55,645
Total incoming
and endowments		 2,685,716 814,616 3,500,332 3,342,975
Expenditure
on;
Raising Funds 11,143 11,302 10,761
Charitable Actittties - Publication &
Distribution cfthe Scriptures 2,730,693 812,645 3,543,338 3.602,430
Total expenditure 2,730,862 823,188 3,554,640 3.613,191
Nel gains/(losses)
on inwatments		 15a/18a (350) (124,734) (125,084) 282,036
Net income
/ (expenditure)		 10 (45,486) (9,172) (124,734) ('I79,392) 11,820
Transfers between
funds		 11-12 75,947 (75,947)
Other recognised
gains/ (lossesj:
Foreign exchange gains / (losses)-
Fixed Assets 14a (18,523) ('I8.523) (15,8'10)
Foreign exchange gains
/ (losses)-
Other (168,412) (5,941) (174,359) 19,95t
Net movement
in funds		 11-12 (156,474) (91.088) (124,734) (372,274) 15,981
Reconciliation
offunds
Tote I funds
brought
fonvard		 13 6,877,743 789,034 2,918,953 10,585,730 10,569,769
Total funds carried forward 6,721,269 697,968 2,794,219 -10,213,456 10,585,730

Vnreslricted Reshf otsd Cndowment
Funds Funds Funds Total Total
Note 2020 2020 2020 2020 2019
f f
Fixed assets
Tangible assets
Inumimsnts		 14a
15a		 2,975,368
14,963		 2,252,099 2,975,366
2,267,062		 3,062,476
2,398,927
2.990,331 2,252,099 5,242,430 5,46f,403
Current assets
Stooks 5 Work
in Progress
Debtors
Inmstmeiris
(cf year maturity)
Cash at bank and
In hand		 16
17
18a		 1,321,053
542,667
1,528,528
498,492		 760
23,196
674.012		 542,120 1,321.813
565,663
2,070,648
1,172,504		 1,535,072
555,913
2,070,075
1,393,385
3.590,740 697.968 542,120 5,130,628 5,554,445
Creditors:
Amounts		 falling dua
within
one		 year 19/21 159.802 159,802 430.118
Net Current Assets 3,730,936 697,968 542,120 4,971,026 5,124,327
Net Assets 20 6,721.269 697,968 2,794,219 10,213,4$6 10,585,730
Total Charity Funds 6,721,266 697,966 2,794,219 10,213,458 10,56$,730

Unrestricted Restricted EndOwment
Funds Funds Funds Total Total
Notes 2020 2020 2020 2020 2019
f f f. f f
Fixed assets
Tangible assets 14b 2,641,476 2,641,47B 2,704,500
Imestrnenrs 15b 2,252,099 2,252,099 2,380.511
2,641,476 2,252,099 4,893,575 8,085,01t
Current assets
Stocks & Work in Progress 16 1,073,247 750 1,074,007 1,M2.639
Debtors 17 442,016 23,196 485,214 412,845
Investments
(&1year		 maturity) 16b 1,528,526 542 120 r 2 070648 2 070 075
Cash at bank and in hand (140.610) 386,953 246,343 816,512
2,903,183 410,909 542,120 3,856,212 4,332,071
Creditor+
Amounts		 failing due
within one year 154,771 154,771 458,339
Net Current Assets 2.748.412 410,909 542, 'l20 3,701.441 3,873,732
Net Assets 5,389,888 410,909 2,794,219 8,595,016 8,958,743
Total Cha rity Funds 5,389,888 410,909 2.794,219 8,595,016 8,958,743

2020 2019
6 8
Net cash flow used in Operating
Activities		 (Nota 22) 150,592
Cash fiows from investing
actlvtttetx
Dividends,
Interest and Rents from Inixrstments		 (Note 4) 93,419 142,916
Purchase ofProperty,
Plant aixl Equipment
(Nots 14a)
Proceeds
fiom Sale ofPmperty,
Plant & Equipment
(hlote 14a)		 (13,822) (7,710)
Proceeds
from Sale of Fixed Asset investments		 (Note 15a) 211,687 2,608,253
Pumhase
ofFixed Asset Imestments
(biota		 15a) (205,163) (712,150)
Net cash flow provided
by investing
acgvlties		 86,121 2,031,309
Cash Row from financing
activitieix
Repayments
of borrowing
Cash
inll owe from nsw borrowing
Receipt ofendowment
htet cash provided
by financing
acdvities
increase/(Decrease)
in cash 8 cash equivalents		 during the year (64,471 1,541,885
Cash &Cash Equlvalentix
Opening
Balance at 1 January		 3,463,460 1,785.832
Increase/(Decrease)
in cash &cash equivalents		 during the year (64,471) 1,641,866
Change
due to Exchange Rate Movements		 (155,838) 35,762
Closing Balance at 31December 8,248,152 1ANAN
Analysis ofCash and Cash Equlvalenbx
Cash in hand 1,172,504 1,393,385
Notice Deposits (less than 3months) 2,070.648 2,070,075
Overdrait
facility (repayable
on demand)
Total Cash &Cash Equivalents 3,243,152

New
UKf Australia
f		 Braxil
f		 Canada
E		 2'ealand
f		 USA Total
f
income and Endowments
Donations
& Legacies		 1,488,462 24,610 18,961 304,211 5.319 380.902 2.222.465
Charitable
ac8vtties		 486,182 64.655 336.370 50.579 4,586 175,431 1,117,803
investment
income		 90,011 2,204 645 8 20& 143 93,419
Government
Grants (Cmid)		 23347 43298 68,645
290$89002 1342767 356(176 354798 10,113 556,478 3,500,332
Expenditure
Raising Funds 11.143 159 11,302
Charitsble
expenditure		 2,348,117 133.773 339.325 150,707 4,388 567,028 3,543,338
22959(280 133773 339325 150TDT 4388 567 '187 3554640
Net Opersgng Profit I (Loss) (271.258) 994 16,851 204,091 5,725 (10,711) (54,308)
Gains I(losses) on Investmenls (124,734) (305) (44) (125.084)
Net tncome
I (Expenditure)		 - p95992) 994 16,851 203,788 8,728 (10,766) (179,392)
Branches
Inter-bnrnch
transie(s		 12.780 18,927 13,612 (169,572) (14,920) 139,173
Net Income I (Expenditure) - (383,212) 19,921 30,463 34,213 (9,195) 128,418 (179.392)
Consolidated
Farsign Exchange Gains i
Fixed Assets 120 (15.852) (2,791) (1&,523)
Foreign Exchange Gains /
Other 19,489 14,765 (187,824) (4,81'I) 2,116 (18.094) (174,359)
I "9 "4 ~9&ST(3,999 ~(ITSS(3 39492 (T(l(9( 1(ITSSI ~3(22(4
The Consolidated Balance Sheet for2020 diddes between
the		 va(ious branches as fafiows:
New
VK
f		 Australis
f		 Brazil Canada
f		 2saland
E		 VSAf Total
Fixed asrets
Tangible assets 2,641,476 2,091 33.444 29&,357 2,975,358
Investments 2,252,099 14,963 2,267,062
4,893,575 24091 33,444 14,963 298.35T 5,242,430
Current
asrwts
Stocks 1,074,007 25,370 155,107 39.4M 3,039 23,750 1,321,813
Debtors 423,878 6.536 84.903 2,907 658 46,981 565,863
Inurstments
(less		 then 1 year) 2.0T0.648 2,070,648
Cash at bank and in hand 246,343 213,328 188,333 197,1&3 26,881 300,466 1,172,504
3,814,$76 244234 429,403 239,640 30,578 371.197 5,130,828
Creditors
Due		 within 1 year 124,520 9,881 20,624 4,877 132 (232) 159.802
Net current awe ls 3,99o,saa sss,ses sos,779 234,443 97'l,sse 4,971,029
Net amets 8,583,931 237,444 442,223 249,626 30,448 669.788 10,213,456

Unrestricted Resbicted Endowment
Funds Funds Funds Total Total
2020 2020 2020 2020 2019
8 f f f f.
SL
Subscriplions 32,849 32,849 35,843
Donations 765,659 741,179 1,506,838 1,504,887
Collections 263,305 598 263,903 266,415
Legacies 418,874 418,874 173,362
1,480,688 741,777 2,222,465 1,980,512
3 Charitable Activities- Pub8cetlon tt Dfstrlbuffon Activities- Pub8cetlon tt Dfstrlbuffon ofthe Scd tures
Sales income 1,010,030 7,352 1,017.382 1,156,508
Royalties 100,421 100,421 63,039
f,ff0851 7,352 1,117,803 1,219,547
4 Investment Income
Listed investments 8 55,288 55.296 87,464
Cash held as part of pcrffolio 26,074 10,199 36,273 54,293
Rent 1,850 1,850 1,159
65,487 93,419 142,916
4a tyther Income
Government Covid Gmnts
~ ~Ri~
F
Investment Ivianagemenl Fees 159 11,143 11,302 10,761
159 11,143 11,302 10,761

Unrestricted Restricted Endowment
Funds Funds Funds Total Tots I
2020 2020 2020 2020 2019
6 Charitable
Activities
~		 Publication &ftfstrlbutlon ofthe Serf res
Sales Expenses
Cost ofSales
Postage & Carnage		 683,224
139.949		 4,835 868,059
139,949		 635,143
147,704
IVfarketing
& PrOrnOtion
faleof Ste8&Other Safes Expenses		 10,616
255,692
1,069,511		 4r835 9,125
10.646
255 682
255,440
1,074,3461,047,412
Translation
and Editorfal Expenses
French Revision Project (824) 40,584 39,660 42.388
Hebrew Revision Project 52,333 81,298 133,631 129,779
Amharic Reision Project 817 24,131 24.948 23,250
Spanish
Revision Project		 14,830 10$,285 123,115 104,148
Chinese Revision Project 22,326 65,387 87,713 83,916
Other Translation
& Revision Projects		 82,427 51,133 133,560 117,126
Ovvvsfght
& Management		 199,704 199,758 273,616
371,513 370,872 742,385 774,123
Cost ofGrants Made
Cost ofScriptures
Granted (frets 7j		 42,707 346,472 389.179 311,931
Postage
& Carriage		 8,103 70,282 78,385 70,707
Direct Sta$8 Other Gents Expenses 105,302 15.261 120.563 80,004
154,112 432,01$ $86,127 462.642
Education
&Promotion
Publicity 68,759 68,759 124,208
Stall 8 Travel Expenses 184,470 4,923 189.393 250,214
253,229 4.923 258,152 374r422
Infrastructure
and Support Costs
Administrative
& Management
Bugdings
& Evfulpment
Governance		 562,313
144,494		 552,313
144,494		 636.741
158,269
fnformdion
Technology		 114,314 114,314
Legal and Professional
Fees		 19,648 19,648 28,078
840,76ff 887,685
Coda
Audit Fees 18,725 18,725 15,792
Fees paid to Auditors
for Other Seruces		 3,399 3,399 4,095
Audit Fees ofOverseas Branches 17,419 17,419 23,203
Boani & Committee
Expenses		 2,016 2.016 13,046
41,559 41,598 56,136
2,730,693 812,645 3,543,338 3,602,430

S
f5*I
~t
b		 2020 2019
8 8
Total Grants to institutions 234,523 195,329
Total Grants ta individuals 154,656 116,602
389,179 311,931
Grants ofHoly Scriptures
in excess		 of82,600ws re made to the following In stltu6 ona
Active Box (hlalta) 4.349
Angalsn
Literature
Fund		 3,670
Armenian
Ministries
(Armenia)		 37,97D
Beulah Bible Pres byterian
Churah
(Kenya)		 13,549
Christ Reformed Baptist Church
(Nigeria)		 13,926
Ernrnavs
Bible School (Israe!)		 5.849
Esgldsfa
Cristiana
Bfbffca (Spain)		 5,838 10,284
Free Grace Evsngsfiatfc
Association		 (Kenya/Zambia/ Zimbabwe) 24.667 17,392
Gfsdstane
Agro-Industrial
(Bahamas)		 4,566
Hsndf'Vangelism
(Ghana)		 4,826
H M Prison (Letxfs) 2,697
H M Prfson (INafvsrhamptan) 3,635
H M Prison (ftyarmwaad
Scrubs, Landon)		 4.875
Jesus Alive ivlinistries
(Uganda)		 4,508
Lighthouse
Baptist Church
(Ghana)
Lfbrsria Lugar de Encuentro
Elfrn SRL		 (Saliva) 15,346
Msnipur
Baptist Convention		 76.739
Mission Sans Frontieres
(Ivlaxsmbfqve)		 16,103
Mfa afanary Aid Support (Africa) 10,260
Missianswerk
Voice of Hope (Western		 Europe) 14,720
Misslonswerk
Voice af Hape (Sierra Leans)
Nigeria Reformed
Church		 8,550
S C Facfia Prodcam SRf (Romania) 13.161 4.002
Seminado
Reformado
Lstinamericano		 (Colambia) 11.676

Sfff
a Costs; 2020 2019
E E
Total stafl ccats which have been allocated aoross the various departments:
Staff employed
In the UK;
Wages, salaries
and		 consultancy 662,802 720,894
Social security costs 57.492 84,198
Pension and life assurance costs 62.783 73.086
Staficosts ofoverseas branches 783.077
279.408		 858,175
274,458
Overseas
consuttarss		 516,450 497,280
I,V8,I%I 1,%8,114
Total cost of Redundancy)Severance payments made in year was EG (UK EG).

Consolidated Consolidated UK
2020 2019 2020 2019
E80,001to E70,000 2 2 1 1
E70,001to 250,000 1
f($,001to E90,000
590,001to f100,0X
EtX,XG to E110,000
Pension Costs: 2020f 2019
E
Number ofstafiin schemes 30 29
Total contribulions 71.698 86,575
Ccntributicna
due at year end		 6,47'I 6,576

Saslsof Net Income/ Ex enditure
f		 orthe
ear
Total Total
2020f 2019
Net Income
/ (Expenditure)		 for the year (CSOFA) (179,393) 11,820
This is stated after charging / (credi'ting) Ihe following:
Depreciation 5 Amartisation (Note 14a) 82,309 66,830
Interest Payable
Operating
Lease Rentals (see Note 21 for aulstanding		 liabilities):
Him ofPlant.
IT6 vshides		 14,135 16,144
Hire ofPraperty 13,323 13.322
Auditom'
Rernvneratian
(Nota 6):
UK Audit Fees 18,725 15,792
Fees paid to auditors for other smvices 3,399 4,095
Audit Fees ofrwwseas bmnchss 'l7,419 23.203

Incoming investment Outgoing
At 01/01/20 resources gains S reeairlaese
(Rssfated) 8gains (losses) (losses) Transfers At 31/12/20
Abkhaz
Scripture Fund		 176
Arnhsric
Bible Translailon		 19,124 19,124
Arnharic
Scripture
Fund		 5,007 5,007
Antbic Bible Fund
Arabic Scripture
Fund		 2,263 600 22
414		 2,241
186
Siblss for Russia/Ukraine
Bibles 6 New Testaments		 Fund 1,998 1,321
10,000		 29
10,000		 3,290
Bibles for Armenia 500 500
Bitlas for Kenya Children 1,250 1,0M
Bibles for Prisoners
(UK)		 5,000 5,000
BibleS fOr Prieoners
(USA)
Bibles for Schools		 39.374 7,682
700		 2,727
314		 44,329
386
SVIgerian Scripture
Fund		 40 40
Chichewa
Scripture Ford		 1 444 444
Chiahawa
Scripture Furd		 2 14,244 14,244
Chinese Bible Fund
Chinese Srriplure
Fund 1		 124 340
Cholhe Scrip!ure Fund 1
Camplete
Bibles Fund		 1,397 1,397
Complete Bibles outside UK 100 100
Chinese Tmnslalilan
Praject		 (GBS) (43,052) 7,394
Dakota Scripture
Fund		 1,048 1,048
F astern European
Scripture		 Fumi 250 250
Evangelistic
Tmcts Fund		 500 24 476
Feral/Persian
Scripture Fund		 1 4,624 2,210 1,689 5,145
Fare!/Persian
Scripture Fund		 2 96,280 8 96,274
Foreign Srripturee
Fund		 450
French New Testament
Fund		 3,000
French Sariptvre
Fund		 182 512
French Translstars
6,Conference		 2 I2,427 40,5&4 43,969 15,812
General Grants
Fund
1		 37,692 37,692
General Grants
Fund 2		 31,936 31,936
Ghana Scripture
Fund		 350
Ghana - Bibles far Children 150 150
Gio/Dan
Scripture
Fund		 5,447 5,447
Golden Thoughts
Calendar		 Fund 9,427 72,824 72,237 (3,373) 6,641
Haves Scriplure
Fund		 284 284
Hsbmw
NT Dutch QrganisatIons		 80,343 80,343
Hebrew NT in Audie 4,222 802 3,420
Hebrew Scripture Fund 1 6,619 2,718 1,048 8.289
llongga Scripture
Fund		 1,272 1,272
India Scripture
Fund		 500
India Tnbal Languages
Fund		 2 2,295 2,295
Individval
Transistor
Fund		 5 M,192 54,318 (5,874)
Individual
Translator
Fund		 6 11,800 11,070 (730)
Indiddusl
Translate'
Fund		 8 300 300
Island Fund 4,057 4,057
italian Scripture Fund 195 21 174
Japanese Scripture
Fund		 15 15
Kisengs Scripture
Fund		 250 250
Latvian Scriplure
FurKI		 12,124 12.124

At D1/01/2D Incoming
resources		 Incoming
resources		 Imredment
gains 8		 Outgofng
resources 8
(Restated' 5gains (losses) (losses) Transfers At 31(12(28
9 6 9 9
Legacy for Grants (Restncted Use) 170,882 89,608 (49,460) 31.814
Lharwa Scripture
Fund		 2,960 1 2,959
Lieu Scripture Fund 990 990
Madagascar
Scripture Fund		 4 4
Maori Scriptum
Fund		 15,627 19 15,608
MOngOlian
New Testament		 Fund 19,614 4,532 15,082
Mongolian
Scripture
Fund		 1,485 131,543 31,507 102521
Nepalr Scriptum
Fund		 12 18
Nigeria Scrfpture Grants Ford 1,448 1,448
Norwegian
Scripture Fund		 767 767
Qrigina( Languages
Fund 2		 26,117 39 28,078
Pokot Scripture
Fund		 895 288 983
Railway Poster Fund 46,195 (4.319) 16,674 (6,245) 18,957
Ramanian
WL Calendar
Fund		 8,105 6,105
Ramanran
Sible Promotion		 Fund 2 2.975 2,975
Russian Scripture Fund 428 72
Scriptvms
for Afriaa		 27,705 27,705
Scriptures
far Children 5 Schools		 1,833 229 1,604
Scnptvfes
far Greater Toronto Ares		 11,984 11,518 732 22,770
Scriptures
far Paar Countries		 84,499 1,599 5,810 80,288
Scripturas
far Market Stalls		 2, 500 2,500
Scriptures
for Mazsmbiqvs		 1 575 575
Scriptures
far Mazambiqus		 2 7,448 6,901 547
Scriptures
ofVaice of I-lape		 328 328
Shone Scriptvre Fund 606 606
Sirnte Scripture Fund 2 57 57
Spanish NTPP Project
1		 108,412 58,376 50,036
Spanish NTPP Project 2 3,857 3.857
Spanish NTPP Project 3 9.942 9,942
Spanish NTPP Project 4 30,458 (30.458)
Spanish NTPP Praject 5 66,512 (40.984) 25.528
Spanish Translation
Wart		 117.477 107,985 9,492
Sparrish Bible Project 5,861 5,296 555
Swahili Scripture
Fund		 464
Tagalog Scripture Fund 2 1,148 1,148
Tedim Zokarn
(Burma) Scripture Fund		 388 388
17radou Scripture Fund 17,920 10,178 7,742
nhadov
Bibles Fund		 88,561 66,551
Tmnsletian
ofthe Scriptures		 Fund 8,222 17,566 11,113 14,675
Turkish Scripture Fund 580 53 613
Ukrainian
Scripture
Fund 1		 2.030 500 1,585
Ukrainian
Scripture
Fund 2		 485 485
Vaiphei Scripture
Fund		 250 250
Vietnamese
Scripiure Fund		 476 476
Welsh Scripture
Fund		 1,166 182 984
Zimbabwe
Scripture Fund		 250
Total Funds 789,934 814,616 a2S73$ ~759IT NT9eh

Unrestricted Restricted Endowment
Funds Funds Funds Total
2020 2020 2020 2020
8 5 5
Total Funds at 31/12/19 as slated in 2019 6.881,800 784,977 2,918,953 10,585.730
Financ/al
Statements
1!1/20Brought Foneard ad/ustmentru
Island Fund (4,057) 4,057
Total Funds at 1/1/20 asstated in 5,877,743 780&034 2,018,953 10,585,730
2020 Financial Statemenls

Freehold Leasehold Computer
property property
f		 Equipment
f		 equipment
f		 Library
f.		 TOTAl,
Cost:
At 1 January
2020		 2,933.618 456,060 141,850 75,304 5,883 3,612,715
Additions 1,244 12.578 13,822
Nst Write-of on Disposals
Foreign Exchange Adjustment "		 (99)
(21,215)		 (7,688) (61,718)
(8,924)		 (43.050)
)8.875)~7.452)		 ('f04,887)
(48,154)
At S1 December 2020 2,9'i2,304 448,372 72,452 35,957 4,431 S,473,516
Depre ciaban:
Ai 1 January
2020		 223,317 149,961 110,398 66,563 550.239
Charge for the year 45.669 11.583 21,360 3,697 82,309
Released on disposal
Fareign Exchange Adjustmsnt "		 (13,407) (4,445) (61,718)
(8,3G4)		 (43,050)
(3,476)		 (1G4.768)
~28592
At St Deoember 2020 255,579 1577099 618736 234734
Met book value:
At 31 December 2020 2,656,725 291,273 10,716 12,223 4,431 2,975,368
At 31 December 2019 2,71G,301 8118,585 81,452 8,741 5,883 3,062,476
Nsi Loss on Disposal af Fixed Assets Mg
Net Loss an Fore)gn Exchange Adjustment -f1&,523

Tsn ibis Fixed Assets-IJK
Freehold Leasehold Computer
property
8		 property
2		 Equipment
f		 equipment
f		 Library
8		 Total
2
Cost
At 1 January
2020		 2,846,154 83,846 40,426 2,970,426
Additians
Dispasals (61,718) (40,426) (102,144 )
At 31December 2020 2,846,154 22,128 2,88&,282
Depre adadon
At 1 January
2020		 170,545 54,955 40,426 265.926
Charge for the year 42,637 20,387 63,024
Released an disposal (61,718) (40,426) (102,144)
At 31December 2020 213,182 13,624 228,806
Net book value:
At 31December 2020 2,632,972 8,504 2,641,476
At 31 December 2019 2,675,609 28,891 2.704,500

Unrestrtcled Reslrlcted Endowment
Funds Funds Funds Total Total
2020f 2020
f		 2020
f		 2020
f		 2019f
Niarket value:
At 1 January 2020 18,416 2,380,511 2,398,927 4,013.110
Additions 4,709 200,453 205.162 712.150
Oisposals
Rcelisery Unrealised
gaire/Bosses)
Rsvsiusiicn
dus to Foreign Exchange
Al 31 December 2020		 (7,556)
(350)
(258)
14,963		 (204,131)
(I24,734)
2,252,099		 (211,687)
(125.084)
(256)
2,267,062		 (2,608,253)
202.036
(116)
2,398,927
Dividble esfollows
Pmpeny
Listed inusttments
Short.term deposits snd cash balances		 14,963 1,743,325
508,774		 1,758,288
508.774		 1,898,927
500,000
14,963 2,252,099 2,267,082 2,396,927

Fixed Asset investm ents
-VK
Unrestricted Resbtctsd Endowment
Funds Funds Funds Total Total
2020f 2020
f		 2020 2020f 2019
f.
irtarketvalue:
At 1 january
2020		 2,380,511 2,380,511 4.005,281
Additions 200,453 200,453 698,641
Disposals
Realised/Unrealised
gains/(losses)
At 31December 2020		 (204,131)
~(124734,
2,252,099		 (204,131)
(124,734)
2,252,099		 (2.604,381)
280,970
2,380,511
Divisible asfollowL
Properly
Listed imestmsnts 1,743,325 1,743,325 1,880,511
Short-term
depceits snd cash balances		 508,774 508,774 500,000
22CI0$0 225LON IIX

Consolidated Consolidated UK VK
2020 2019
f		 2020
f		 2019
f
Finished Goods 1,312,290 1.512,757 1,064,484 1,010,324
Work &n progress 9,523 22,315 9,523 22,315
1,321,613 1,535,072 1,074,007 1,032,639

Consolidated Consolidated UK UK
2020 20t9 2020 2019
6 E
Tctds debtor 142,792 230,160 57,713 49,283
Legacies rsceiutbla 272,212 159,845 255,739 159,845
Amounts due from subsidiary undertakings 41,335
Other debtors, prepaymsnts 8 accrued income 150,859 165,908 110,427 'i54,752
$65,863 555,913 465,214 412,$45

CurrentAsset
inve		 stments
less than
1 c		 arte maturl
-Con		 solidated
Unrestricted Reslrlcted Endowment
Funds Funds Funds Total Total
2020 2020 2020 2020 2019
6 8 6 6 5
Market value:
At 1 January 2020 1,531,633 536,442 2,070,075 551,985
Additions 10,307 208,729 219,036 2.248,543
Dispcssi Proceeds (13,412) (205,051) (218,463) (7Zl,453)
Rsslisedf Unreslised gains((losses)
Rewluaticn
due to		 Foreign Exchange
At 31 December 2020 1,528,528 542,120 2,070,648 2,070,075
Divisible asfollows
Listed (msstments
Short-term
depoe(ts		 srxt cash bslsnras 1,528,528 542,120 2,070,648 2.070,075
1,52$,528 $42,120 2,070,648 2,070,075

Unrestricted Restricted Endowment
Funds Funds Funds Total Total
2020 2020 2020 2020 2019
6 5 6 6
Market value
At
1 January		 2020 1,531,633 538,442 2,070,075 551,985
Additions 10.307 206,729 219,036 2,248,543
Disposals (13,412) (205,051) (218,463) (730,453)
Net unnrslised
giins/(tosses)
At 31December 2020		 1,528,52S 542,120 2,070,6482.070,075
Dividble
asfottoww
Listed imestrnenls
Short-tenn
deposits		 and cash balances 1.528,528 542,120 2.070,648 2,070,075
1,528,526 542,120 2,070,848 2,070,075

Con so 0 dated Conrxvli deto5 tlK t)K
2020
f		 2019
f		 2020f 2019
E
Trade Creditcm 57,517 29T.443 56,756 275,818
Amounts due to merseas branches 30.251 74,899
Other creditom and aceruals 102.285 132.675 67,764 107,622
159,802 430,118 154,771 458,SS9
tfnreatrlcted Restricted Endowment
Funds Funds Funds Total Total
2020 2020
f		 2020
F		 2020f 2019
Tangible Fixed Assets 2,975,368 2,975,366 3.062,476
Fixed Assai Investmsnts 14,963 2,252,099 2.267,062 2,398,927
Nst Current Assets 3,T30,938 697,967 542,120 4,9T'f,026 5,124,327
Nat Assets at the end of the year 6,721,269 897,987 2,794.219 10,213,456 10,585,730
Lsssln Commitments-0 sradn &Pro e Leases
2020f 20'l9
f

The total fulure minimum
lease		 payments
under non-cancsllabie
operating
lasses		 payments
under non-cancsllabie
operating
lasses		 payments
under non-cancsllabie
operating
lasses		 are payable as follows:
Operating
Leases (Plant,		 7&Vehicles):
Within one year 11,240 12,440
Within two to five years 30,299 23.051
More than live years
Property Leases:
Within one year 13,249 13,395
Wilhin two lo five year B.625 20,097
Mom than five years
Reconciliation
ofNet Income)Ex
ndilure		 to Net Cash Flow from 0 sragn Activities
2019
Net Incomel(Expenditure) (179,393)
Adjusunents
for:
Depreciation
Charges
(Note 14a)		 82,311 66,830
(Gains yLosses on (Fixed Asset) investments (Note 15a) 125,340 (281.920)
Dividends,
Interest and rents from		 Investments (Note 4) (93,419) (142,918)
Lossl(profit) on Disposal of Fixed Assets (Note 14a) (82)
(GsinsyLosses
on Revaluation		 ofFixed Assets (Note 14a) (18,523) (15.810)
Decreasel(increase)
in Stocks (Note 16)		 213,259 (190,669)
Decrease/ltncreasel
in Censors		 (ivote 17) (9,950) (34,051)
increasel(Decrease)
in Creditors		 (Note 19) (2T0.316) 197,365
Net cash provided
by (uesd in)		 opsradng actividss ~$80,5M) ~9ll1

Unresbtcted Restricted Endowment
Funds Funds Funds Total
2019 2019 2019 2019
6 5 6 6
2 Donations& Le acies
Subscript iona 35,848 35,848
Donaiiohs 777.990 726,897 1,504,887
Collections 266,415 266,415
Legacies 173,362 173,362
1253615 726897 1,980,512

Sales income Sales income 1,151,675 4,833 1,156,508
Royalties 63,039 63,039
1,214,714 4,833 1,219,547
4 Investmsnt Income
Listed investments 133 87,331 87,464
Cash held as part ofportfolio 30,955 23,338 54,293
Rent 1,159 1,159
32,247 110,669 142,916
5 ~Rid
F		 d
Invsstmsnt Management Fees 107 10,654 10,761
107 10,654 10,761

Unrestricted Restrtcted Endowment
Funds Funds Funds Total
2019 2019 2819 2019
B Charitable
Activities- Publication		 8 Distrtbudan ofthe Seri tures
Sales Expenses
Cost ofSales 631,928 3,215 635.143
Postage & Carriage 147,704 147,704
Marketing
& Promotion
Direct Staff &Other Sales		 Expenses 9,125
255,440		 9,125
255,440
1,044,197 3,215 1,047,412
Translation
and Editorial		 Expenses
French Regal an Project 42,388 42,388
Hebrew
Revision Project		 (525) 130.304 129,779
Ram anian Revision Project
Spanish
Revision Project		 4,839 99,309 104,148
Chinese Redsion Project 8,733 75,183 83,916
Other Translation
& Revision Projects		 65,453 74,923 140,376
Oversight
& Ivlanagemenl		 273,518 273,516
352,018 422,107 774,123
Cost ofGrants Made
Cast ofScriptures
Granted		 (Nate 7) 48,266 263,665 311,931
Postage & Carnage 17,588 53,119 70,707
Direct Stalf & Other Grants Expenses 80.004 80,004
145,858 316,784
Education
&Promotion
Publicity 124,208 124,208
Stalf &Travel Expenses 224,013 28,201 250,214
348,221 26,201 374,422
Infrastructure
and Support Costs
Administrative
& Management		 636,639 102 636,741
Buildings
& Equipment		 158,269 158,269
Information
Technd ogy		 64.606 64,606
Legal and Professional
Fees		 28,079 28,079
887,593 102 887,695
Governance
Costs
Audit Fees 15,792 15,792
Fees paid ta Auditom
for Other Senices
Audit fees ofOversees Branches		 4,095
23.203		 4,095
23,203
Board & Committee
Expenses		 13,046 13,046
56,136
2,834,021 768,409 3,602,430

At 61/01/19 Incoming Investment Outgoing Transfers At 31/1?/19
(Reslmed) resources gains 8 resources &
8 gains (looms) (lasses)
6 6
Unrestricted
Funda
General
Fund		 7,152,360 2,524,694 (17,866) 2,649,938 72,530 6,681,800
Restricted
Fundrc
Display ol Scriptures 8,906 75,645 38,358 46,195
Education
8 Promatian		 5,746 5,746
Gmnting of Calendars 284 6,630 6,630 284
Granting
of Scriptures/Pcdions		 574,473 344,264 262.011 (89,805) 546,921
Translation
ofScriptures		 214,675 410.114 450,487 17,275 191,577
Total Restricted
Funds		 798,336 642,399 783,230 (72,530) 784,976
Endowment
Funds
Golden Thoughts
Calendar		 Fund 2,619,051 299,902 2.918,953
Total Funds 10,569,769 3.367,093 282,036 3,633,168 10,665,730

RestrictsdFundsDetatled Anal ds
At 01/01/19 Incoming
resources		 Investment
gates 8		 Outgoing
resources 8
(/trvriatsd) 8gains (losses) (losses) Transfers At 31/12/19
8 2
Abkhsz
Scripture
Fund		 292
Amhsric
Bible Trans/stian		 23,992 23,992
Amharic
Scripture
Fund		 105 105
Arabic Bible Fund
Arabic Scripture Fund		 18
400		 38
40D		 2,264
Bibles far Russia/Ukraine
Bibles in Foreign Languages		 Fund 1,976 (23) 1,999
Bibles
/k New 'Testaments		 Fvnd 5,000 5,00D
Bibles for Prisoners 34,258 8,302 3,186 39,374
Bulgarian
Scripture Fund		 799 759 40
Bus Poster Fund 127 (127)
&Xichewa Srripture
Fund		 1 839 135 974
Chichswa
Scripture Fund
Chinese Bible Canfersnce		 2 1,359 56 4.431
1,359		 18,619 14,244
Chinese Bible Fund 12,203 12,2D3
Chinese
Bible Translation		 Fund 1 3.525 3,525
Chinese
Scripture
Fund
1		 370 246 124
Complete Bibles Fund 2,686 2,686
Complete
Bibles autside		 UK 1.D53 1,053
Chinese Translation
Project		 (GBS) 103,874 60,097 (43,777)
Dakota Scripture
Fund		 1,048
Eastern
European Scriptur		 Fund 250 250
Evangelistic
Tiacts Fund		 50 50
Parer/Persian
Scripture Fund		 1 11,816 1,284 3,600 (4,876) 4.624
Farsi/Persian
Scripture Fund		 2 95,528 745 (7) 96.280
Foreign Scriptures
Fund		 450 450
French
New Testament
Fund		 3,000 3,000
French Scripture
Fund		 682 5DD 182
French Transistors 6 Conference 2 15,372 't09 40,473 37,419 12,427
General
Grants
Fund 1		 1,862 1,862
General Grants
Fund 2		 21,700 21,700
Ghana Scripture Fvnd 2,65D 2,650
Gia/Dan
Scripture
Fund		 136 234
Golden 1haughts
Calendar		 Fund 110,905 51,823 (49,655) 9,427
Reuse Scripture Furd 284
Hebrew NT Drrich Organisations 75,527 (1,607)
Hebrew
NT Revision
Fund		 11.638 11,638
Hebrew Scripture
Fund 1		 6,544 6,786 6,711 6,619
Hebrew Scripture
Fund 2		 44,821 42,638 (2,183)
llongga Scriptura
Fund		 1,272 1,272
India Scr/pture
Fund		 1,50D
Individual
Translator
Fund		 3 1,914 1,914
Individual
Translator
Fund		 5
Indludual
Translator
Fund		 8 30D
Italian Scripture
Fund		 423 227 195
Japanese
Scripture Fund		 15 15
Kisengs Scripture Fund 250 250
Latvian Scriplure
Fund		 12,030 12.124

At 01fovta
(~)
8		 At 01fovta
(~)
8		 incoming
resources
&gains
f		 lnvesbnent
gainsi&
(losses)
f		 Outgoing
resources&
(lossesl
f		 Transfers
f		 At StftV19
Legacy for Grants (Restricted Use) 357,927 2,087 139,654 (49,460) 170,880
Lhatno Scripture
Fund		 2,960 (1) 2,959
Lieu Scripture
Fund		 990 990
Large Print English Bibles Fund 5D
Madagascar
Scripture Fund		 4 4
Maori Scripture
Fund		 16,134 124 632 15,626
Mongolian
New Testament		 Fund 20,B98 158 1,241 19,615
Mongolian
Scripture
Fund		 3,471 34,395 1.485
Nepali Scripture Fund 2,000 2.000
Nigeria Scripture
Grants
Fund		 12,506 11,115 1,448
Norwegian
Scripture Fund		 767 767
Origina
Languages
Fund 2		 27,258 209 1.350 26,117
Pokot Scripture
Fund		 695 695
Railway Poster Fund 8,779 75,772 38,356 46,'t95
Rornanian
WL Calendar
Fund		 6.630 6.630
Rornanian
Bible Setting
Fund		 2 S,D25 9,025
Rornanian
Bible Setting
Fund		 3 6,591 (6,591)
Rornanian
Scriptures
Preparation		 4 3,721 (3,721)
Romsnian
Bible Promotion		 Fund 2 5,014 2,036 2.976
Russian
Scripture
Fund		 1.941 1,941
Scriptures
for Children
tt Schools		 150 150
Scriptures
for Greater Torcirio		 Area 11,849 (135) 11,964
Scnptvres
for Poor Covntries		 86,354 10,417 12,271 &4,500
Scriptures
ycr Mozambique		 1 16.993 16,418 575
Scripturas
for Mozambique		 2 7,448 7,448
Scrotums cfVoice ol tlape 175 175
Simte Scripture
Fund 2		 2
Spanish NTPP Project 1 1D&,412 106,412
Spanish NTPP Project 2 3,857 3,857
Spanish NTPP Project 3 9,942 9,942
Spanish
NTPP Project 4		 30,458 30,458
Spanish NTPP Project 5 13.113 13,'i13
Spanish Translation
Wort		 95,5SB 95,588
Spanish
Bible Project		 5,74S 5.746
Swahili Scripture
Fund		 464
Tagalog Scripture
Fund		 350 349 1
Tedim Zokwn
(Burma) Scriplure Fur		 414 196 222 388
Thadov Scripture
Fund		 16,167 141 17,920
Translation
of the Scriptures		 Fund 7,437 3,682 2,898 8,221
Turkish Scripture
Fund		 255 IB10 561
Uganda Scripture
Fund		 216 216
Ukrainian
Scripture
Fund 1		 1,695 1,5DO 1,165 2,031
Ukrainian
Scripture
Fund 2		 r80 295 485
Vsiphei Scripture
Fund		 250 250
Vietnamese
&criptum
Fund		 se3 117 476
Waray-Waray
Scripture Fund		 282 281 1
Welsh Scripture
Fund		 2,088 921 1,167
Zimbabwe
Scripture
Fund		 250
Total Funds 798,338 842,399 7&3,230 P2,530) ri}4,977

18a Current Asset Inv estments ess than
1 e		 ar to maturi
-Con		 solidated
Unrestricted Restricted Endowment
Funds Funds Funds Total
2019 2019 2019 2019
E E E 6
Alarket value:
At 1 January
2019		 547,223 4,762 551,965
Additions 'I,500,000 748,543 2,248,543
Dispose! Proceeds (515,590) (214,663) (730,453)
Realised/Unrealised gains/(losses)
Revaluation
due to		 Foreign Exchange
At 31December 2019 'I,531,633 538,442 2,070,075
Divisible asfollows
Listed investments
Short-term
deposits		 and cash balances 1,531,633 538,442 2.070,075
1,531,633 538,442 2,070,075
18b Current Asset Investments less than 1 ear to maturi
- UK
Unrestricted Restricted Endowment
Funds Funds Funds Total
20'l9 2019 2019 2019
5 E E
llllarket value
At 1 January 2019 547,223 4,762 551,955
Additions 1.500,000 748,543 2,248,543
Dtsposals (515,590) (214,863) (730,453)
Net unrealised gains/(losses)
At 31December 2019 1,531,633 538,442 2,070,075
Div)dble as follow a
Listed investments
Short-term deposits and cash balances 1,531,633 538.442 2,070,075
1,531,633 SI8,4Q 2,07G,075

Anal sisof Net Assets
Unrestricted Restricted Endowment
Funds Funds Funds Tots I
2019 2019 2019 2019
E
Tangible Fixed Assets 3,062,476 3,062,476
Fixed Asset investments 18,416 2,380,511 2,398,927
Net Current Assets 3,800,908 784,977 538,442 5,124,327
Net Assets atthe end ofthe year 6,881,800 784,97T 2,918,953 10,555,730