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2021-12-31-accounts
Contents Page
Report of the Trustees 1-13
Independent Auditors'
Report		 14-17
Consolidated Statement
of Financial		 Activities 2021 18
Consolidated Balance Sheet 2021 19
UK Balance Sheet 2021 20
Consolidated Cash Flow Statement 2021 21
Analysis
between
Branches		 22
Notes to the Financial Statements 2021 23-43

e Trustees of the Society who e Trustees of the Society who served for all or part of2021 or up to the date of this report were as
Mr G. D. Buss (Chairman) The Rev. E.T. Kirkland
Pastor R.A. Clarke (Honorary Treasurer) The Rev. A.J.Lewis
The Rev. G. Ferguson (Retired 19July 2021) Mr J.Sayers
Mr A. K.Jones The Rev.J.P. Thackway (Vice-Chairman)
Dr M. Keogh-Brown Mr M. A. Vogan
The Rev W. Irwin (appointed 16 May 2022)

Unrestricted Restricted Designated Endowment
Funds Funds Funds Funds Total Total
2021 2021 2021 2021 2021 2020
Notes (Restated)
(Note 12)
Income and endowments from:
Donations
&Legacies		 2,813,845 810,667 3,624,512 2,222,465
Charitable
Activities		 - Distribution ofthe
Scriptures 3 1,303,555 8,180 1,311,735 1,117,803
Investment
Income		 4 20,869 81,567 102,436 93,419
Other Income 4a 17,188 17,188 66,645
Total Incoming
and endowments		 4,155,457 900,414 5,055,871 3,500,332
Expenditure
on:
Raising
FLrxls		 5 4,806 14,506 19,312 19,371
Charitable
Activities:		 6-9
Translating
the Scriptures		 345,523 418,106 102,461 866,090 1,060,333
Publishing
the		 Scriptures 101,278 101,278 12,218
Distributing
the Scriptures		 1,750,943 270,144 43,309 2,064,396 2,053,547
Promoting
and Upholding		 the
Scriptures 554,445 12,983 567,428 409,171
Total expenditure 2,756,995 715,739 145,770 3,618,504 3,554,640
Net Gains/(Losses) on Investments 15a/18a 626 121,856 122,482 (125,084)
Net income
/ (expenditure)		 10 1,399,088 184,675 (145,770) 121,856 1,559,849 (179,392)
Transfers
between		 funds 11-12 (151,541) (49,158) 200,699
Other recognised gains / (losses):
Foreign exchange
gains
/		 (losses)-
Fixed Assets 14a (3,041) (3,041) (18,523)
Foreign exchange gains
/		 (losses)-
Other (54,196) (909) (2,657) (57,762) (174,359)
Net movement
in funds		 11-12 1,190,310 134,608 52,272 121,856 1,499,046 (372,274)
Reconciliation
offunds
Total funds
brought		 forward (Restated) 13 6,721,265 585,431 112,541 2,794,219 10,213,456 10,585,730
Total funds carried forward 7,911,575 720,039 164,813 2,916,075 11,712,502 10,213,456

Unrestricted Restricted Designated Endowment
Funds Funds Funds Funds Total Total
Note 2021 2021 2021 2021 2021 2020
Fixed assets
Tangible assets 14a 2,910,103 2,910,103 2,975,368
Investments 15a 13,616 2,360,210 2,373,826 2,267,062
2,923,719 2,360,210 5„283,929 5,242,430
Current assets
Stocks 6 Work in Progress 16 1,158,506 2,260 1,160,766 1,321,613
Debtors 17 450,674 1,673 452,347 565,863
Investments ((1year maturity) 18a 3,016,197 555,865 3,572,062 2,070,648
Cash at bank and in hand 627,739 716,106 164,813 1,506,658 1,172,504
5,253,116 720,039 164,813 555,865 6,693,833 5,130,828
Creditors: Amounts falling due
within one year 19/21 265,260 265,260 159,802
Net Current Assets 4,987,856 720,039 164,813 555,865 6,428,573 4,971,026
Net Assets 20 7,911,575 720,039 164,813 2,916,075 11,712,502 10,213,456
Total Charity Funds 7,911,575 720,039 164,913 2,916,075 11,712,502 10,213,456

Unrestricted Restricted Designated Endowment
Funds Funds Funds Funds Total Tots I
Notes 2021 2021 2021 2021 2021 2020
Fixed assets
Tangible assets 14b 2,597,445 2,597,445 2,641,476
Investments 15I3 2,360,210 2,360,210 2,252,099
2,597,445 2,360,210 4,957,655 4,893,575
Current assets
Stocks 8 Work in Progress 16 799,90B 2,208 802,116 1,074,007
Debtors 17 461,595 39,924 501,519 465,214
Investments ((1 year maturity) 1Bb 2,843,380 555,865 3,399,245 2,070,648
Cash at bank and in hand 1B0,124 421,579 164,813 766,516 246,343
4,285,007 463,711 164,813 555,865 5,469,396 3,856,212
Creditors: Amounts falling due
within one year 19 314,020 314,020 154,771
Net Current Assets 3,970,987 463,711 164,813 555,865 5,155,376 3,701,441
Net Assets 6,560,432 403711 , 164,013 2,916,075 10,113,031 0,595,010
Total Charity Funds 6,568,432 463,711 164,813 2,916,075 10,113,031 8,595,016

2021 2020
Net cash flow used in Operating
Activities		 (Note 22) 1,775,981 (150,592)
Cash flow from investing
activities:
Dividends,
Interest and Rents from Investments		 (Note 4) 102,436 93,419
Purchase
of Property,
Plant and Equipment		 (Note 14a) (2,261) (13,822)
Proceeds from Sale of Property,
Plant		 & Equipment (Note 14a)
Proceeds from Sale of Fixed Asset Investments (Note 15a) 623,041 211,687
Purchase
of Fixed Asset Investments		 (Note 15a) (606,905) (205,163)
Net cash flow provided
by investing		 activities 116,311 86,121
Cash flow from financing
activities:
Repayments
of borrowing
Cash inttows
from new borrowing
Receipt ofendowment
Net cash provided
by financing
activities
Increase/(Decrease)
in cash &cash		 equivalents during the year 1,892,292 i54,471i
Cash &Cash Equivalents:
Opening
Balance at 1 January		 3,243,152 3,463,460
Increase/(Decrease)
in cash & cash equivalents		 during the year 1,892,292 (64,470)
Change
due to Exchange Rate Movements		 (54,724) (155,838)
Closing Balance at 31 December 5,080„720 3,243,152
Analysis ofCash and Cash Equivalents:
Cash in hand 1,508,658 1,172,504
Notice Deposits (less than 3 months) 3,572,062 2,070,648
Overdraft
facility (repayable
on demand)
Total Cash &Cash Equivalents 5,030,720 3,243,152

The Consolidated Statement Statement Statement of Financial
Activities		 of Financial
Activities		 for 2021 divides between the various
Branches as follows:		 various
Branches as follows:
New
UK Austra Iia Brazil Canada Zealand USA Total
f f. f. f.
Income and Endowments
Donations
8 Legacies		 2,811,822 48,546 20,024 311,512 4,426 428,182 3,624,512
Charitable
Activities		 701,789 51,395 311,821 46,996 5,862 193,872 1,311,735
Investment
Income		 98,434 979 2,773 57 54 139 102,436
Other Income 15,867 1,321 17,188
3,627,912 102,241 334,618 358,565 10,342 622,193 5,055,871
Expenditure
Raising Funds 15,923 3,389 19,312
Charitable
Expenditure		 2,442,260 138,163 316,048 151,332 2,881 548,508 3,599,192
2,458,183 138,163 316,048 154,721 2,881 548,508 3,618,504
Net Operating
Profit		 I (Loss) 1,169,729 (35,922) 18,570 203,844 7,461 73,685 1,437,367
Gains
/ (losses) on Investments		 121,856 626 122,482
Net Income I (Expenditure)- 1,291,585 (35,922) 18,570 204,470 7,461 73,685 1,559,849
Branches
Inter-branch
transfers		 244,176 37,433 (5,483) (244,523) (5,800) (25,803)
Net Income I(Expenditure)- 1,535,761 1,511 13,087 (40,053) 1,661 47,882 1,559,849
Consolidated
Foreign Exchange Gains /
Fixed Assets (108) (1,980) (953) (3,041)
Foreign Exchange Gains /
Other (17,746) (15,989) (25,689) 1,258 (1,459) 1,863 (57,762)
Net Movement
in		 Funds 1,518,015 (14,585) (14,582) ~38,795) 202 48,792 1,499,046
The Consolidated
Balance Sheet for 2021 divides		 between the various
branches		 as follows:
New
UKf Austra l la
E		 Brazil
K		 Canada
f.		 Zealand
R		 USAf Total
K
Fixed assets
Tangible assets 2,597,445 29,917 282,741 2,910,103
Investments 2,360,210 6,058 7,558 2,373,826
4,957,655 29,917 6,058 290,299 5,283,929
Curre nt assets
Stocks 802,116 24,242 167,325 54,843 5,269 106,971 1,160,766
Debtors 295,488 (483) 110,141 6,907 572 39,722 452,347
investments
(less than		 1 year) 3,399,245 172,817 3,572,062
Cash at bank and
in hand		 766,516 39,174 153,597 141,540 26,605 381,226 1,508,658
5,263,365 235,750 431,063 203,290 32,446 527,919 6,693,833
Creditors:
Due within		 1 year 221,702 7,771 33,339 4,891 (2,445) 265,260
Net current assets 5,041,663 227,979 397,724 198,399 32,444 530,364 6,428,573
Net assets 9,999,318 227,979 427,641 204,457 32,444 820,663 11,712,502

3 Charitable
Activities - Disbibution		 ofthe Seri tures
Sales Income 1,254,295 8,180 1,262,475 1,017,382
Royalties 49,260 49,260 100,421
1,303,555 8,180 1,311,735 1,117,803
4 Investment
Income
Listed Investments 57 70,525 70,582 55,296
Cash Deposit Interest 18,776 11,042 29,818 36,273
Rent & Service Charges 2,036 2,036 1,850
20,869 81,567 102,436 93,419
4a Other Income
Government
Grants		 17,188 17,188 66,645
17,188 17,188 66,645

Unresbicted Resbicted Designated Endowment
Funds Funds Funds Funds Total Tots I
2021 2021 2021 2021 2021 2020
(Restated)
f
6 Charitable Activities
Translating the Scriptures
Direct Costs ofTranslation & Revision Projects 162,866 366,479 82,379 611,724 589,704
Oversight
ofTranslation		 & Re~sion Projects 37,910 51,627 20,082 109,619 239,799
Editorial
Development		 & Other Activity 144,747 144,747 230,830
345,523 418,106 102,461 866,090 1,060,333
Publishing the Scriptures
Publication ofScriptures & Scripture Items 101,278 101,278 12,218
101,278 101,278 12,218
Distributing the Scriptures
Cost ofGoods Sold 739,435 5,022 744,457 670,622
Sales Despatch
& Carriage		 276,753 276,753 138,667
Sales Marketing
& Promotion		 37,338 37,338 35,831
Sales Administration & Management 363,973 363,973 523,457
Cost ofScriptures
Granted		 111,364 217,227 41,225 369,816 417,515
Grants Postage 8 Caniage 37,066 14,639 2,084 53,789 64,998
Grants Administration 8 Management 125,687 2,419 128,106 169,576
Displaying the Scriptures Publicly 40,840 16,774 59,614 32,881
Distribution Centres 18,487 12,063 30,550
1,750,943 270,144 43,309 2,064,396 2,053,547
Promotion &Upholding
Promoting & Upholding the Scriptures 554,445 12,983 567,428 409,171
554,445 12,983 567,428 409,171
2,752,189 701,233 145,770 3,599,192 3,535,269
7a Anal
sisofSu
rt		 Costs 2021
Promoting
Translating Publishing Disbibuting & Basisof
Raising the the the Upholding Apportion-
Funds
E		 Scriptures
E		 Scriptures Scriptures the
f		 TOTAL
6		 ment
Governance &Strategic 524 23,353 2,131 17,187 12,454 55,649 Activity Cost
Operational Corporate Management 375 12,908 1,390 12,652 8,077 35,402 Activity Cost
Finance 1,107 61,869 6,148 64,751 36,292 170,167 Activity Cost
Information Technology 269 9,582 1,266 13,032 7,679 31,828 Activity Cost
Human
Resources		 1,614 62,614 7,722 49,977 39,584 161,511 Activity Cost
Property 609 24,628 3,219 147,617 17,601 193,674 Floor Area
Minor Corporate Activities 461 32,889 2,112 54,067 33,209 122,738 Activity Cost
Total 4,959 227,843 23,988 359,283 154,896 770,969

StaffCos h: 2021 2020
Total staff costs which have been allocated across the various departments:
Staff employed
in the UK:
Wages, salaries and consuttancy 657,869 662,802
Social secrstty costs 56,998 57,492
Pension and life assurance costs 59,825 62,783
774,692 783,077
Staff costs ofoverseas branches 276,628 279,408
Overseas consultants 524,353 516,450
1,575,673 1,578,935
Total cost of Redundancy/Severance payments made in year was f0 (UK EO).
Worldwide UK HQ
2021 2020 2021 2020
F60,001 to F70,000 3 2 1 1
F70,001to F80,000 1
F80,001to F90,000
F90,001 to8100,000
F100,000 to F110,000
c) Pension Costs: 2021 2020
Number ofstaff in schemes 25 30
Total contributions 66,651 71,698
Contributions
due at year end		 1,956 6,471

Basis of Net income
/ E		 x enditure
for the
ear
Total Total
2020
2021 (Restated)
6
Net Income
/ (Expenditure)		 for the year (SOFA) 1,559,849 (179,392)
This is stated alter charging / (crediting) the following:
Depreciation
&Arnortisation		 (Note 14a) 61,145 82,309
Interest Payable
Operating
Lease Rentals (see Note 21 for outstanding		 liabilities):
Hire of Plant,
IT8 vehicles		 14,634 17,015
Hire of Property 22, 801 24,958
Auditors'
Remuneration:
UK Audit Fees 20,000 18,725
Fees paid to auditors for other services 518 3,399
Audit Fees ofoverseas branches 20,480 17,419
Definition ofFunds
Unrestricted
Funds
General		 Fund

At 01/01/21 Incoming Investment Outgoing Transfers At 31/12/21
(Restated) resources & gains & resources &
gains (loses sI losses
Unresbicte d Funda
General
Fund		 6,721,265 4,155,457 626 (2,814,232) (151,541) 7,911,575
Resbicted Funda
Translating the Scriptures 214,637 453,844 (432,906) 235,575
Publishing the Scriptures
Distributing the Scriptures 370,794 446,570 (283,742) (49,158) 484,464
Promoting & Upholding
the		 Scriptures
Total Resbicted Funds 585,431 900,414 (716,648) (49,158) 720,039
Designated Funda
Translating the Scriptures 95,697 (14,256) 58,014 139,455
Publishing the Scriptures
Distributing the Scriptures 16,844 (134,171) 142,685 25,358
Promoting & Upholding
the		 Scriptures
Total Designated
Funds		 112,541 (148,427) 200,699 164,813
Endowment
Funda
Golden Thoughts
Calendar		 Fund 2,794,219 121,856 2,916,075
Total Funds 10,213,456 5,055,871 122,482 (3,679,307) 11,712,502

At 01/01/21 Incoming Investment Outgoing Transfers At 31/12/21
(Restated) resources 8 gains & resources &
gains (losses) (losses)
F E
Abkhaz
Scripture
Fund		 468 568 (3) 1,033
African Scripture
Fund		 584 (4) 580
Amharic
Distribution
&		 Promotion Fund 4,123 4,123
Amharic
NT8 Psalms		 Fund 9,920 9,920
Amharic
Scripture
Fund		 7,871 (71) 7,800
Arabic Bibles Fund 2,242 (2,242)
Arabic Scripture
Fund		 186 600 (786)
Bible Translation
Fund		 613 (613)
Bibles 8 New Testaments Fund (329) 997 (668)
Bibles for Armenia
Fund		 102 102
Bibles for Prisoners
Fund		 44,658 5,506 (1,232) 48,932
Bibles for Schools Fund 386 (386)
Bibles Only Fund 700 (686) 14
Bibles, NTs & Gospels to Nigeria Fund 2,000 (943) 1,057
Bulgarian
Scripture
Fund		 40 (40)
Chichewa
Scripture
Fund		 5,207 (91) 5,116
Children
8 Schools Scripture		 Fund 1,604 4,372 (880) 5,096
Chinese Bible Translation Fund 7,394 106,320 (100,538) 13,176
Chinese Scripture Fund 22,833 (18,743) 4,090
Chothe Scripture
Fund		 60 (60)
Dakota Scripture
Fund		 1,048 1,048
Dan/Gio
New Testament		 Fund 42,992 42,992
Dan/Gio Scripture
Fund		 5,447 8,083 (3,622) 9,908
Donations
for Grants
Fund		 55,640 (8,716) 46,924
Eastern
European
Scripture		 Fund 250 (250)
English
Bibles Fund		 1,587 (1,587)
Ethiopian
Distribution
Centre		 Fund 5,000 (2,718) 2,282
Ethiopian
Office Project		 Fund 2,900 (2,900)
Evangelistic
Tracts Fund		 476 (28) 448
Farsi Scripture
Fund		 5,721 1,892 (6,083) 1,530
Foreign Language
Bibles		 Fund 342 (342)
Foreign Scriptures
Fund		 628 (628)
French
New Testament		 Completion Fund 3,000 3,000
French Scripture
Fund		 (227)
Ghana - Bibles for Children Fund 150 150
Golden Thoughts
Calendars		 Fund 6,641 89,747 (55,981) (40,250) 157
Hausa Scripture
Fund		 284 284
Hebrew
New Testament		 Translation Fund 24,969 (24,969)
Hebrew
New Testament		 Translation Fund 75,586 (75,586)
Hebrew
NT in Audio TWR-NL		 Fund 3,420 (3,420)
Hebrew Scripture
Fund		 8,289 7,841 (7,786) 8,344
Hindi Scriptures
Fund		 2,552 (2,342) 210
llonggo Scripture
Fund		 1,272 1,272
Island Scripture
Fund
1		 4,657 13,090 (3,819) 13,928
Island Scripture
Fund 2		 (34) (15) 50 1
Italian Scripture
Fund		 175 (175)
Japanese
Scripture
Fund		 15 15
Jorge Ruiz Spanish
Fund		 (483)
Joseph
Nwibo Bibles Fund		 1,448 (1,448)
Kenya - Bibles for Children Fund 250 (158) 92
Kikamba
Translation
Fund		 5,359 (371) 4,988
Kisanga Scripture
Fund		 250 250
31

At 01/01/21 Incoming Incoming Invesbnent Outgoing Transfers At 31/12/21
(Restated) resources & gains & resources &
gains (losses) (losses)
Latvian Scripture
Fund		 12,124 12,124
Legacy for Grants
Fund		 31,815 (22,906) (8,908) 1
Lhaovo Scripture
Fund		 2,960 2,960
Lisu Scripture
Fund		 990 990
Madagascar
Scripture
Fund		 4 (4)
Maori Scripture
Fund		 15,607 (41) 15,566
Mongolian
New Testament		 Fund 1 15,082 5,080 20,162
Mongolian
New Testament		 Fund 2 101,521 (29,150) 72,371
Mozambique
Scripture
Fund		 575 6,047 (1,102) 5,520
Nepali Scripture
Fund		 18 (18)
Norweigan
Scripture
Fund		 767 767
Original
Languages
Fund		 26,078 26,078
Persian
New Testament
Fund		 12,233 12,233
Pokot Scripture
Fund		 272 (272)
Railway Poster Scripture Fund 18,957 34,497 (19,546) 33,908
Romanian
Scripture
Fund		 767 (720) 47
Romanian
WLC Scripture		 Fund 6,000 (6,000)
Russian
Bibles to Ports
in Ireland		 Fund 33 (33)
Russian Scripture
Fund		 1,718 584 (1,389) 913
Scriptures
for Armed Forces		 Fund 625 (428) 197
Scriptures
for Greater Toronto		 Area Fund 22,770 584 148 23,502
Scriptures
for Market Stalls		 Fund 2,500 500 3,000
Scriptures
for Poor Countries		 Fund 80,288 2,908 (20,636) 62,560
Shona Bible Fund 57,971 57,971
Shona Scripture
Fund		 606 1,620 (1,124) 1,102
Simte Bible FBI Fund 58,899 (58,899)
Simte Scripture
Fund		 57 (57)
Spanish
NTPP Columbia		 Confer. Fund 9,942 9,942
Spanish
NTPP Printing
Fund		 50,035 (33,152) 16,883
Spanish
Translation
Conference		 Fund 25,528 25,528
Spanish
Translation
Fund		 10,073 62 10,135
Spanish
Translation
Work		 Fund 9,492 152,356 (134,579) 27,269
Support
for Africa Fund		 27,705 (23,201) 4,504
Swahili Scripture
Fund		 464 (464)
Tagalog Scripture
Fund		 1,222 (783) 439
Tedirn Zokam Scripture
Fund		 388 388
Thadou Scripture
Fund		 7,742 (386) 7,356
Toronto Transit Campaign Fund 6,475 (94) 6,381
Translation
ofthe Scriptures		 Fund 14,674 33,116 (32,577) 15,213
Turkish
Scripture
Fund		 614 19 (21) 612
Uganda
Scripture
Fund		 300 (300)
Ukrainian
Scripture
Fund		 3,232 (306) 2,926
Vaiphei
Scripture
Fund		 250 1,598 (1,647) 201
Vietnamese
Scripture
Fund		 476 476
Welsh Scripture
Fund		 984 (32) 952
Zimbabwe
Scripture
Fund		 250 250 (500)
Total Resbicted Funds 585,431 900,414 ~711,455) ~54,351 720,035

FOR THE YEAR ENDED 31 D ECEMBE R 2021
12b Desi
nated Funds Detailed Anal		 sls
At 01/01/21 Incoming Investment Outgoing Transfers At 31/12/21
(Restated) resources & gains & resources &
gains (losses) (losses)
Amharic
Bible Translation		 Fund (38,127) 38,127
Chichewa
Scripture
Fund
Chinese
Bible Translation		 Fund
Donations
for Grants
Fund		 (32,528) 32,528
Farsi Scripture
Fund		 95,697 95,697
French
NT Distribution
Fund		 (574) 27,108 26,534
French Scripture
Fund		 15,812 (56,246) 64,990 24,556
Hebrew
New Testament
Translation		 Fund (6,253) 6,253
Indian Tribal Languages
Fund		 (2,826) 2,826
Island Scripture
Fund
Kikamba
Translation
Fund
Mozambique
Scripture
Fund		 (547)
Romanian
Bible Distribution		 Fund (10,846) 27,108 16,262
Russian
Bibles Fund		 (10) 972 962
Shona Bible Fund (12) 589 577
Tagalog Scripture
Fund		 (198) 198
Ukrainian
Scripture
Fund		 (260)
Total Designated
Funds		 112,541 (148427) 200 699 164813

Freehold Leass hold Computer
property property Equipment equipment Library TOTAL
Cost:
At 1 January 2021 2,912,304 448,372 72,452 35,957 4,431 3,473,516
Additions 696 1,565 2,261
Net Write-off on Disposals
*
Foreign Exchange Adjustment		 ** (4,011) (3,011)
2,859		 (28,826)
(1,355)		 (11,602)
(961)		 (268) (43,439)
(3,736)
At 31 December 2021 2,908,293 448,220 42,967 24,959 4,163 3,428,602
Depreclatton:
At 1 January
2021		 255,579 157,099 61,736 23,734 498,148
Charge for the year 45,204 11,329 2,301 2,311 61,145
Released on disposal (3,011) (27,652) (9,436) (40,099)
Foreign Exchange Adjustment (2,570) 992 1,009 (126) (695)
At 31 December 2021 298,213 166,409 37,394 16,483 518,499
Net book value:
At 31 December 2021 2,610,080 281,811 5,573 8,476 4,163 2,910,103
At 31 December 2020 2,656,725 291 273 , 10,716 12,223 4,431 2,975,366

Net Loss on Disposal
*		 of Fixed Assets -E3,340
Net Loss on Foreign Exchange Adjustment -E3,041
Tan
ible Fixed Assets -		 UK
Freehold Leasehold Computer
property property Equipment equipment Library Total
f. 6
Cost
At 1 January
2021		 2,846,154 22,128 2,868,282
Additions
Disposals
At 31 December 2021 2,846,154 22,128 2,868,282
Depreciation
At 1 January
2021		 213,182 13,624 226,806
Charge for the year 42,638 1,394 44,032
Released on disposal
At 31 December 2021 255,820 15,018 270,837
Net book value:
At 31 December 2021 2,590,334 7,110 2,597,445
At 31 December 2020 2,632,972 8,504 2,641,476

Unrestri cted Restricted Designated Endowment
Funds Funds Funds Funds Total Total
2021 2021 2021 2021 2021 2020
E Ii'. E
Market value:
At 1 January 2021 14,963 2,252,099 2,267,062 2,398,927
Additions 12,203 594,702 606,905 205, 162
Disposals (14,594) (608,447) (623,041) (211,687)
Realised/Unrealised gains/(losses) 626 121,856 122,482 (125,084)
Revaluation due to Foreign Exchange 418 418 (256)
At 31December 2021 13,616 2,360,210 2,373,826 2,267,062
Divisible asfollows:
Property
Listed investments 13,616 1,860,210 1,873,826 1,758,288
Short-term deposits and cash balances 500,000 500,000 508,774
13,616 2,360,210 2,373,826 2,267,062
15b Fixed Asset Investments - UK
Unrestricted Restricted Designated Endowment
Funds Funds Funds Funds Total Total
2021 2021 2021 2021 2021 2020
R 6
Market value:
At 1 January 2021 2,252,099 2,252,099 2,380,511
Additions 594,702 594,702 200,453
Disposals (608,447) (608,447) (204,131)
Realised/Unrealised gains/(losses) 121,856 121,856 (124,734)
At 31 December 2021 2,360,210 2,360,210 2,252,099
Divisible as follows:
Property
Listed investments 1,860,210 1,860,210 1,743,325
Short-term deposits and cash balances 500,000 500,000 508,774
2,360,210 2,360,210 2,252,099

Stock s &Work in Pro ress
Consolidated Consolidated UK UK
2021 2020 2021 2020
f
Finished Goods 1,153,735 1,312,290 795,085 1,064,484
Work in progress 7,031 9,523 7,031 9,523
1,160,766 1,321,813 802,116 1,074,007

Consolidated Consolidated UK UK
2021 2020 2021 2020
E 6
Trade debtors 159,039 142,792 159,660 57,713
Legacies receivable 166,390 272,212 166,390 255,739
Amounts due from subsidiary undertakings 106,031 41,335
Other debtors, prepayments &accrued income 126,918 150,859 69,438 110,427
452,347 565,863 501,519 465,214

Unrestricted Unrestricted Restricted Designated Endowment
Funds Funds Funds Funds Total Total
2021 2021 2021 2021 2021 2020
f 6 f.
Market value:
At 1 January 2021 1,528,528 542,120 2,070,648 2,070,075
Additions 2,132,462 17,423 2,149,885 219,036
Disposal Proceeds (639,604) (639,604) (218,463)
Realised/Unrealised gains/(losses)
Revaluation
due to		 Foreign Exchange (8,867) (8,867)
At 31 December 2021 3,012,519 559,543 3,572,062 2,070,648
Divisible as follows:
Listed Investments
Short-term
deposits		 and cash balances 3,012,519 559,543 3,572,062 2,070,648
3,012,519 559,543 3,572,062 2,070,648
18b Current Asset Investments less than 1 ear to maturit - UK
Unrestricted Restricted Designated Endowment
Funds Funds Funds Funds Total Total
2021 2021 2021 2021 2021 2020
E E
Market value
At 1 January 2021 1,528,528 542,120 2,070,648 2,070,075
Additions 1,942,188 17,423 1,959,611 219,036
Disposals (631,014) (631,014) (218,463)
Net unrealised
gains/(losses)
At 31 December 2021 2,839,702 559,543 3,3aa,245 2,070,648
Divisible as follows:
Listed investments
Short-term
deposits		 and cash balances 2,839,702 559,543 3,399,245 2,070,648
2,839,702 559,543 3,399,245 2,070,648

19 Creditors
Consolidated Consolidated UK UK
2021 2020 2021 2020
E E E E
Trade creditors 195,468 57,517 158,964 56,756
Amounts
due to overseas
branches		 92,318 30,251
Other creditors
and accruals		 48,150 83,955 41,096 49,434
Deferred
Income		 21,642 18,330 21,642 18,330
265,260 159,802 314,020 154,771
20 Ana
I sIsof Net Assets
Unrestricted Restricted Designated Endowment
Funds Funds Funds Funds Total Total
2021 2021 2021 2021 2021 2020
E E E E E
Tangible
Fixed Assets		 2,910,103 2,910,103 2,975,368
Fixed Asset investments 13,616 2,360,210 2,373,826 2,267,062
Net Current Assets 4,987,856 720,039 164,813 555,865 6,428,573 4,971,026
Net Assets at the end ofthe year 7,911,575 720,039 184,813 2,916,075 11,712,502 10,213,456
21 Leasln
Commitments-0		 eratin &Pro e Leases
2020
2021
f		 (Restated)
E
The total future
minimum
lease		 payments under non-cancellable operating leases are payable as follows:
Operating
Leases (Plant,		 IT&Vehicles):
Within one year 15,193 14,634
Within
two to fiw years		 10,884 26,078
More than
five years
Property Leases:
Within one year 13,338 13,249
Within
two to five years		 6,669 6,625
More than five years
22 Reconciliation
of Net Income/Ex		 enditure to Net Cash Flow from 0 eratin Activities
2021 2020
Net Income/(Expenditure) 1,559,849 (179,392)
Adjustments
for:
Depreciation
Charges
(Note 14a)		 61,145 82,311
(Gains)/Losses
on (Fixed Asset)		 investments (Note 15a) (122,900) 125,340
Dividends,
interest
and rents		 from Investments (Note 4) (102,436) (93,419)
Loss/(profit)
on Disposal of Fixed		 Assets (Note 14a) 3,340 99
(Gains)/Losses
on Revaluation		 of Fixed Assets (Note 14a) (3,041) (18,523)
Decrease/(Increase)
in Stocks		 (Note 16) 161,047 213,259
Decrease/(Increase)
in Debtors		 (Note 17) 113,516 (9,950)
Increase/(Decrease)
in Creditors		 (Note 19) 105,461 (270,317)
Net cash provided
by (used		 in) operating activities 1,775,981 (150,592)

Unrestricted Restricted Endowment
Funds Funds Funds Total Total
2020 2020 2020 2020 2019
2 Donations &Le acies
Subscriptions 32,849 32,849 35,848
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-		 Charitable
Activities-		 Publication
&Dist		 ribution
ofthe Seri tures
Sales income 1,010,030 7,352 1,017,382 1,156,508
Royalties 100,421 100,421 63,039
1,110,451 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 portfolio 26,074 10,199 36,273 54,293
Rent 1,850 1,850 1,159
27,932 65,487 93,419 142,916
4a Other Income
Government Covid Grants 66,645 66,645
66,645 66,645
5 ~Rsisis
Funds
Investment Management Fees 159 11,143 11,302 10,761
159 11,143 11,302 10,761

Unrestricted Restricted Endowment
Funds Funds Funds Total Total
2020 2020 2020 2020 2019
6 Charitable
Activities- Publication		 & Distribution ofthe Seri tures
Sales Expenses
Cost ofSales 663,224 4,835 668,059 635,143
Postage & Carriage 139,949 139,949 147,704
Marketing
& Promotion		 10,646 10,646 9,125
Direct Staff & Other Sales Expenses 255,692 255,692 255,440
1,069,511 4,835 1,074,346 1,047,412
Translation
and Editorial		 Expenses
French Revision Project (924) 40,584 39,660 42,388
Hebrew
Revision Project		 52,333 81,298 133,631 129,779
Amharic
Revision Project		 817 24,131 24,948 23,250
Spanish
Revision Project		 14,830 108,285 123,115 104,148
Chinese
Revision Project		 22,326 65,387 87,713 83,916
Other Translation
& Revision Projects		 82,427 51,133 133,560 117,126
Oversight
& Management		 199,704 54 199,758 273,516
371,513 370,872 742,385 774,123
Cost ofGrants Made
Cost ofScriptures
Granted		 (Note 7) 42,707 346,472 389,179 311,931
Postage & Carriage 6,103 70,282 76,385 70,707
Direct Staff 8 Other Grants Expenses 105,302 15,261 120,563 80,004
154,112 432,015 586,127 462,642
Education
&Promotion
Publicity 68,759 68,759 124,208
Staff & Travel Expenses 184,470 4,923 189,393 250,214
253,229 4,923 258,152 374,422
Infrastructure
and Support Costs
Administrative
& Management		 562,313 562,313 636,741
Buildings
& Equipment		 144,494 144,494 158,269
Information
Technology		 114,314 114,314 64,606
Legal and Professional
Fees		 19,648 19,648 28,079
840,769 840,769 887,695
Governance
Costs
Audit Fees 18,725 18,725 15,792
Fees paid to Auditors
for Other Services		 3,399 3,399 4,095
Audit Fees ofOverseas
Branches		 17,419 17,419 23,203
Board 8 Committee
Expenses		 2,016 2,016 13,046
41,559 41,559 56,136
2,730,693 812,645 3,543,338 3,602,430

11b Movement
in Funds
At 01/01/20 Incoming Investment Outgoing Transfers At 31/12/20
(Restated) resources gains & resources
&
&gains (losses) (losses)
Unrestricted
Funds:
General
Fund		 6,877,743 2,685,716 (350) 2,917,787 75,947 6,721,269
Restricted
Funds:
Display ofScriptures 46,195 (4,319) 16,674 (6,245) 18,957
Education
& Promotion
Granting
ofCalendars		 284 6,105 6,105 284
Granting
ofScriptures/Portions		 574,897 258,135 430,730 (45,599) 356,703
Translation
ofScriptures		 167,658 554,695 376,225 (24,103) 322,025
Total Restricted
Funds		 789,034 814,616 829,735 (75,947) 697,968
Endowment
Funds:
Golden Thoughts
Calendar		 Fund 2,918,953 (124,734) 2,794,219
Total Funds 10,585,730 3,500,332 (125,084) 3,747,522 10,213,456
12 Restricted
Funds Detailed		 Anal sis continued

Restricted Funds Detailed Anal sis
Incoming Investment Outgoing
At 01/01/20 resources gains & resources &
(Restafed) &gains (losses) (losses) Transfers At 31/12/20
Abkhaz
Scripture
Fund		 292 176 468
Amharic
Bible Translation		 19,124 19,124
Arnharic
Scripture
Fund		 5,007 5,007
Arabic Bible Fund 2,263 22 2,241
Arabic Scripture
Fund		 600 414 186
Bibles for Russia/Ukraine 1,998 1,321 29 3,290
Bibles & New Testaments Fund 10,000 10,000
Bibles for Armenia 500 500
Bibles for Kenya Children 1,250 1,000
Bibles for Prisoners
(UK)		 5,000 5,000
Bibles for Prisoners
(USA)		 39,374 7,682 2,727 44,329
Bibles for Schools 700 314 386
Bulgarian
Scripture
Fund		 40 40
Chichewa
Scripture
Fund		 1 444
Chichewa
Scripture
Fund		 2 14,244 14,244
Chinese
Bible Fund
Chinese Scripture
Fund
1		 124 340 464
Chothe Scripture
Fund
1		 60 60
Complete
Bibles Fund		 1,397 1,397
Complete
Bibles outside
UK		 100 100
Chinese
Translation
Project		 (GBS) 50,446 (43,052) 7,394
Dakota Scripture
Fund		 1,048 1,048
Eastern
European
Scripture		 Fund 250 250
Evangelistic
Tracts Fund		 500 24 476
Farsi/Persian
Scripture
Fund		 1 4,624 2,210 1,689 5,145
Farsi/Persian
Scripture
Fund		 2 96,280 6 96,274
Foreign Scriptures
Fund		 450 450
French
New Testament
Fund		 3,000 3,000
French Scripture
Fund		 182 330 512
French Translators
8 Conference		 2 12,427 40,584 43,969 15,812
General
Grants
Fund
1		 37,692 37,692
General
Grants
Fund 2		 31,936 31,936
Ghana Scripture
Fund		 350 350
Ghana - Bibles for 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
Hausa Scripture
Fund		 284 284
Hebrew
NT Dutch Organisations		 80,343 80,343
Hebrew
NT in Audio		 4,222 802 3,420
Hebrew Scripture
Fund
1		 6,619 2,718 1,048 8,289
llonggo Scripture
Fund		 1,272 1,272
India Scripture
Fund		 500 500
India Tribal Languages
Fund		 2 2,295 2,295
Individual
Translator
Fund		 5 60,192 54,318 (5,874)
Individual
Translator
Fund		 6 11,800 11,070 (730)
Individual
Translator
Fund		 8 300 300
Island
Fund		 4,057 4,057
Italian Scripture
Fund		 195 21 174
Japanese
Scripture
Fund		 15 15
Kisanga Scripture
Fund		 250 250
Latvian Scripture
Fund		 12,124 12,124

Incoming Incoming Investment Outgoing
At 01/01/20 resources gains & resources &
(Restated) 8 gains (losses) (losses) Transfers At 31/12/20
Z 'E
Legacy for Grants (Restricted Use) 170,882 89,608 (49,460) 31,814
Lhaovo Scripture
Fund		 2,960 1 2,959
Lisu Scripture
Fund		 990 990
Madagascar
Scripture
Fund		 4 4
Maori Scripture
Fund		 15,627 19 15,608
Mongolian
New Testament		 Fund 19,614 4,532 15,082
Mongolian
Scripture
Fund		 1,485 131,543 31,507 101,521
Nepali Scripture
Fund		 30 12 18
Nigeria Scripture
Grants		 Fund 1,448 1,448
Norwegian
Scripture
Fund		 767 767
Original
Languages
Fund		 2 26,117 39 26,078
Pokot Scripture
Fund		 695 288 983
Railway Poster Fund 46,195 (4,319) 16,674 (6,245) 18,957
Romanian
WL Calendar		 Fund 6, 105 6,105
Romanian
Bible Promotion		 Fund 2 2,975 2,975
Russian
Scripture
Fund		 500 428 72
Scriptures
for Africa		 27,705 27,705
Scriptures
for Children
&		 Schools 1,833 229 1,604
Scriptures
for Greater Toronto		 Area 11,984 11,518 732 22,770
Scriptures
for Poor Countries		 84,499 1,599 5,810 80,288
Scriptures
for Market Stalls		 2,500 2,500
Scriptures
for Mozambique		 1 575 575
Scriptures
for Mozambique		 2 7,448 6,901 547
Scriptures
ofVoice of Hope		 326 326
Shona Scripture
Fund		 606 606
Simte 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 Project 5		 66,512 (40,984) 25,528
Spanish
Translation
Work		 117,477 107,985 9,492
Spanish
Bible Project		 5,861 5,296 565
Swahili Scripture
Fund		 464
Tagalog Scripture
Fund 2		 1,148 1,148
Tedim Zokam
(Burma) Scripture		 Fund 388 388
Thadou Scripture
Fund		 17,920 10,178 7,742
Thadou Bibles Fund 66,561 66,561
Translation
ofthe Scriptures		 Fund 8,222 17,566 11,113 14,675
Turkish
Scripture
Fund		 560 53 613
Ukrainian
Scripture
Fund		 1 2,030 500 1,586
Ukrainian
Scripture
Fund		 2 485 485
Vaiphei Scripture
Fund		 250 250
Vietnamese
Scripture
Fund		 476 476
Welsh Scripture
Fund		 1,166 182 984
Zimbabwe
Scripture
Fund		 250
Total Funds 789,034 814,616 829,735 (75,947) 697,968

Current Asset Inv estments
less than
1 e		 ar to maturi
-Con		 solidated
Unrestricted Restricted Endowment
Funds Funds Funds Total Total
2020f 2020
f		 2020
f		 2020f 2019
Market value:
At 1 January 2020 1,531,633 538,442 2,070,075 551,985
Additions 10,307 208,729 219,036 2,248,543
Disposal Proceeds (13,412) (205,051) (218,463) (730,453)
Realised/Unrealised gains/(losses)
Revaluation
due to		 Foreign Exchange
At 31 December 2020 1,528,528 542,120 2,070,648 2,070,075
Divisible asfollows:
Listed investments
Short-term
deposits		 and cash balances 1,528,528 542,120 2,070,648 2,070,075
1,528,528 542,120 2,070,648 2,070,075

Current Asse t Inve stments
less than
1 e		 ar to maturl
-UK
Unrestricted Restricted Endowment
Funds Funds Funds Tote I Total
2020f 2020 2020f 2020f 2019
f
Market value
At 1 January 2020 1,531,633 538,442 2,070,075 551,985
Additions 10,307 208,729 219,036 2,248,543
Disposals (13,412) (205,051) (218,463) (730,453)
Net unrealised gains/(losses)
At 31 December 2020 1,528,528 - 542,120 2,070,648 2,070,075
Divisible as follows:
Listed investments
Short-term
deposits		 and cash balances 1,528,528 542,120 2,070,648 2,070,075
1,528,528 542,120 2,070,648 2,070,075
Anal
sis of Net Assets
Unrestricted Restricted Endowment
Funds Funds Funds Total Total
2020f 2020 2020 2020 2019
f
Tangible
Fixed Assets		 2,975,368 2,975,368 3,062,476
Fixed Asset Investments 14,963 2,252,099 2,267,062 2,398,927
Net Current Assets 3,730,938 697,967 542,120 4,971,026 5,124,327
Net Assets at the end ofthe year 6,721,269 697,967 2,794,219 10,213,456 10,585,730