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2022-12-31-accounts

Contents Page
Report ofthe Trustees 1-12
Independent Auditors'
Report		 13-16
Consolidated Statement
of Financial		 Activities 2022 17
Consolidated Balance Sheet 2022 18
UK Balance Sheet 2022 19
Consohdated Cash Flow Statement 2022 20
Analysis
between
Branches		 21
Notes to the Financial Statements 2022 22-42

Unrestricted Restricted Designated Designated Endowment
Funds Funds Funds Funds Tots I Total
Notes 2022 2022 2022 2022 2022 2021
/Note
12/		 /Note 12/
6 6
Income and endowments from;
Donations
8 Legacies		 2,242,038 546,505 2,788,543 3,624,512
Charitable
Actltttles - Distribution		 ofthe
Scriptures 3 1,472,986 9,033 1,482,019 1,311,735
Investment
Income		 4 43,437 94,410 2,603 140,450 102,436
Other Income 4e 8,255 8,255 17,188
Total Incoming
and endowments		 3,766,716 649,948 2,803 4,419,267 5,055,871
Expenditure
on:
Raising Funds 5 9,918 14,338 24,254 19,312
Charitable
Acth/ties:		 6-9
Translating
the Scriptures		 511,427 430,528 125,292 1,067,247 886,090
Publishing
the Scriptures		 86,435 101,278
Distributing
the Scriptures		 1,941,884 227,074 47,550 2,216,508 2,084,398
Promoting
and Upholding		 the
Scriptures 630,832 2,337 633,169 567,428
Total expenditure
gains		 3,180,494 674,277 172,842 4,027,613 3,618,504
Net Gains/(Losses)
on hwwtments		 15a/18a (982) (132,479) (133,461) 122,482
Net Income
/ (expenditure)		 10 585,240 (24,329) (170,239) (132,479) 258,193 1,559,849
Transfers between
funds		 11-12 (168,562) (31,369) 199,931
Other recognised / (losses):
Foreign exchange
gains
/		 (losses)-
Fixed Assets 40,927 40,927 (3,041)
Foreign exchange
gains
/		 (losses)-
Other 138,968 24,720 163,888 (57,762)
Net movement
In funds		 11-12 596,573 (30,978) 29,692 (132,479) 462,808 1,499,046
Reconciliation
offunds
Total funds
brought
forward		 13 7,911,575 720,039 164,813 2,916,075 11,712,502 10,213,456
Total funds carried forward

Unrestricted Restricted Designated Endowment
Funds Funds Funds Funds Total Total
Note 2022 2022 2022 2022 2022 2021
Fixed assets
Tangible assets 14a 2,887,714 2,887,714 2,910,103
Investments 15a 164,550 1,569,405 1,733,955 2,373,826
3,052,264 1,569,405 4,621,669 5,283,929
Current assets
Stocks 8 Work in Progress 15 1,429,483 7,330 1,436,813 1,160,766
Debtors 17 575,775 575,775 452,347
investments (&1 year maturity) 18a 3,368,673 1,214,191 4,582,864 3,572,062
Cash at bank and in hand 648,229 681,731 194,505 1,524,465 1,508,658
6,022,160 689,061 194,505 1,214,191 8,119,917 6,693,833
Creditors: Amounts falling due
within one year 19/21 566,276 566,276 265,260
Net Current Assets 5,455,884 689,061 194,505 1,214,191 7,553,641 6,428,573
Net Assets 20 8,508,148 689,061 194,505 2 783 596 12175,310 11712502
Total Charity Funds 8,508,148 689,061 194,505 2,783,596 12,175,310 11,712,502

Unrestricted Restricted Designated Endowment
Funds Funds Funds Funds Tote I Tote I
Notes 2022 2022 2022 2022 2022 2021
6 6 6 8 6 6
Fixed assets
Tangible assets 14b 2,553,688 2,553,688 2,597,445
Investments 15b 1,569,405 1,569,405 2,360,210
2,553,688 1,569,405 4,123,093 4,957,655
Current assets
Stacks & Work in Progress 16 1,006,060 7,185 1,013,245 802,116
Debtors 17 559,635 559,635 501,519
Investments (&I year matunty) 18b 3,328,523 1,214,191 4,542,714 3,399,245
Cash at bank and in hand (39,153) 406,118 194,504 - 561,469 766,516
4,855,065 413,303 194,504 1,214,191 6,677,063 5,469,396
Creditors: Amounts falkng due
within one year 19 577,810 577,810 314,020
Net Current Assets 4,277,255 413,303 194,504 1,214,191 6,099,253 5,155,376
Net Assets 6,830,943 413,303 194,504 2,783,596 10,222,346 10,113,031
Total Charity Funds 6,830,943 413,303 194,504 2,783,596 10,222,346 10,113,031

2022 2021
E
Net cash flow used
In Operating
Activities		 (Note 22) 266 D76 1 775 921
Cash flow from Investing
activities:
Dividends,
Interest snd Rents from Inmstments		 (Note 4) 140,450 102,436
Purchase
of Property,
Plant and Equipment		 (Note 14a) (2,333) (2,261)
Proceeds
from Sale of Property,
Plant & Equipment		 (Note 14a)
Proceeds
from Sale of Fixed Asset Inwstments		 (Note 15a) 658,324 623,041
Purchase
of Fixed Asset
In3x.stments
(Note		 15a) (158,668) (606,905)
Net cash flow provided
by Investing
activities		 037 773 116311
Cash flow from financing
acdvitles:
Repayments
of borrowing
Cash inilows
from new borrowing
Receipt ofendowment
Net cash provided
by financing
activities
Increase/(Decrease)
In cash &cash equivalents		 during the year 803 849 1 292 292
Cash &Cash Equlvalenta
Opening
Balance at 1 January		 5,080,720 3,243,152
Increase/(Decrease)
in cash & cash equivalents
Change due to Exchange Rate Moments		 during the year 903,849
122 760		 1,892,292
~54,724
Closing Balance at 31 December 6 167 329 5 D86 726
Analysis ofCash and Cash Equivalenhx
Cash
in hand		 1,524,465 1,508,658
Notice Deposits (less than 3 months) 4,582,864 3,572,062
Overdraft
facility (repayable
on demand)
Total Cash &Cash Equivalents 6 1D7329 5 DDD 72D

F F OR THE YEAR ENDE D
1 DE E		 D
1 DE E		 MBER2022 MBER2022
The Consolidated Statement of Financial Activities for 2022 divides between the various
Branches as follows:
New
UK
f		 Australia
f		 Brazil
f		 Canada
f		 Zealand
f		 USA
f		 Tots If
Income and Endowments
Donations
& Legacies		 1,810,188 39,724 22,748 427,587 12,587 475,542 2,786,356
Chedteble
Actigties		 728,684 64,811 404,113 51,223 8,022 225,353 1,482,206
Investment
Income		 134,961 502 4,390 133 380 84 140,450
Other income 8 255 8255
20020 105037 431251 470040 2 0% 700970 4410267
Expenditure
Raising Funds 17,014 7,240 24,254
Charitable
Expenditure		 2 512 132 121, 74 431,947 174,278 9,44 54,28 4003359
2 029140 121 2 ~ 431 947 101010 9440 704202 ~027613
Net Operating ProRt/ (Loss) 152,942 (16,237) (696) 297,425 11,523 (53,303) 391,654
Gains
/ (losses)		 on Investments (132,479) (594) (388) (133,461)
Net Income
/ (Expenditure)-		 20,463 (16,237) (696) 296,831 11,523 (53,691) 258,193
Branches
Inter+ranch
transfers		 85,066 31,356 5,794 (262,991) (9,075) 149,850
Net Income
/ (Expenditure)		 - 105,529 15,119 5,098 33,840 2,448 96,159 258,193
Consolidated
Foreign Exchange Gains /
Fixed Assets 5,307 35,620 40,927
Foreign Exchange Gains /
Other 3,783 12,657 77,330 18,483 1,228 50,207 163,688
0 09 31 27 776 07 735 52 323 3,076 10 M ~6000
The Consolidated Balance Sheet for 2022 digdes between
the various		 branches as follows:
New
UK Australia Brazil Canada Zealand USA Total
f f f f
Fixed assets
Tangible assets 2,553,688 33,461 300,565 2,887,714
Investments 1,569,405 158,668 - 5,882 1 733955
41830 108 NN 33401 2 300505 4621660
Current assets
Stacks 1,013,245 38,353 241,109 4,450 89,222 1,436,813
Debtors 450,778 (132) 88,052 6,472 428 30,177 575,775
Investments
(less		 than 1 year) 4,542,714 40,150 4,582,864
Cash at bank and in hand 561,469 28,723 225,409 195,889 31,019 401356 1,524,46
6,568,206 107,094 554,570 252,795 38,497 600,755 8,119,917
Creditors:
Due within		 1 year 466,504 8,100 72,655 5,840 231 12,946 566,276
Net current assets 6,101,702 98,994 481,916 246,955 36,266 587,809 7,553,641
Net assets 10 224 795 257 662 515376 252 837 36260 0 3 4 12175310

Unrestricted Restricted Designated Designated Endowment
Funda Funds Funds Funds Tots I Total
2022
5		 2022
f		 2021
6		 2022 2022 2021f
Subscrlptians 95,005 95,005 51,218
Donations 1,579,124 208,477 1,787,801 1,182,614
Callectlons 347,426 4,726 352, 152 268,296
Legacies 220,483 220,483 1,681,348
Partner
Funding		 333302
224
038		 546 505
In 2008 the UK International Hsadquartem was no06ed ofa legacy that Included a share of inwtsted lbnds and a freehold property which ls subJect to
a life tenancy. The conditions for recognition ofthis income have not been met and therefare this legacy ls not included as income in the accounts,
The estimated value ofthe legacy Is 637,000.
Ivl I
Sales Inccme 1,438,037 1,447,070 1,262,476
Royalties 34,949
1 482 019 1 311735
4 ItttfQstittgtltlttggitttt
Listed Inwrstments 36 73,233 73,269 70,562
Cash Deposit Interest 39,038 21,177 2,603 62,818 29,818
Rent & Sehfce Charges 4 363
N
Gowtmment
Grants
8 255

Unrestricted Restricted Designated Endowment
Funds Funds Funds Funda Total Total
2022 2022 2021 2022 2022 2021
8 8 8 F. 6
5 B&IsfIUL~n&
Raising Charitable
Funds		 5,877 5,877 1,354
Inusstment
Management		 » 2
6 QUtfft&I2LLuIgIIIyltUI&
Translating
the Scriptures
Direct Costs afTranslation & Reusion Profects 226,730 386,668 111,442 723,840 811,724
Ourrslght
ofTranslation
& Redsion Prafects		 82,615 43,860 13,850 140,325 109,619
Editorial
Deutlopment
8 Other Actldty
2
Publishing
the Scriptures
Publication
ofScriptures
&		 Scripture Items 88435
Distributing
the 6crlptures
Cost ofGoods Sold 778,473 4,115 780,588 744,457
Sales Despatch
& Carriage		 319,497 319,497 276,753
Sales Marketing
& Pramotlon		 28,808 28,808 37,338
Sales Administration
& Management		 443,039 443,039 363,973
Cost ofScriptures
Granted		 190,822 154,358 41,391 386,571 369,816
Grants Postage & Canlage 33,005 20,084 6,159 59,248 53,789
Grants Administration
& Management		 79,001 5,273 84,274 128,106
Displaying
the Scriptures
Publicly		 31,254 32,874 64,128 59,614
Distribution
Centres
Promotion
& Upholding
Promoting
& Upholding
the		 Scriptures
Promoting
&
Translating Publishing Distributing Upholding Sasllr af
Raising the the the dte Apportion-
Fundsf Scriptures Scriptures
6		 Scriptures Scriptures
f		 TOTAL
f		 ment
Gatomance &Strategic 671 32,227 1,942 25,326 18,302 78,468 Actluty Cast
Operational Crxporate Management 1,680 78,048 4,768 99,864 50,545 234,923 Actluty Cost
Finance 1,875 77,934 5,604 72,840 45,866 204,119 Actldty Cost
Information Technology 1,042 49,141 3,972 38,387 28,584 121,106 Actluty Cast
Human Resources 539 11,081 1,061 16,384 7,732 36,797 Actidty Cost
Pmpsrty 1,120 26,236 3,541 151,647 15,186 197,730 Floor Area

Direct Oversight of
Translation Translation
Costs Costs Tote I Total
2022
6		 2022
f		 2022
F.		 2021f
Amharlc
Reifslan Project		 34,181 6,921 41,102 41,631
Chinese
Revision Project		 112,780 10,247 I23,027 119,177
French
Revision Pm)act		 46,907 4,374 60,281 65,585
Hebrew Redslon Project 125,388 10,017 135,405 169,913
Spanish
Revision Project		 158,318 12,572 170,890 134,555
Other Translation
& Revision Projects		 247,266 96,194 343,460 200,482
Qf&)I2f~gfjgjgf&& 2022
2		 2021
f
Total Grants to Institutions 269,763 202,515
Total Grants ta Individuals
Grants of Holy Scriptures ln excess of62,500 we re made to the following Instltuffonm
Ale)andre
Riff (Argentina)		 3,550
Andres Cenasco (Chile) 8,282
Baalah Bible Presbyterian Church (Kenya) 5,157
Centro Educatha
Cdstlano		 Reformado (Costa Rica) 7,099
Christ Reformed
Church
(Nigeria)		 4,479 8,210
Daniel Oscar (Dominican) 4,733
Esteban Ricker (Guatemala) 4,733
Feed my Lambs Children's Ministry (Kenya) 8,195
Free Grace Evangelistic
Association		 (Africa) 7,834
Free Presbyterian
Church ol'Scotland		 (Zimbabwe) 25,674
Fundatia
Usi Deschise htemationel		 (Romania) 5,663
Glnmlntheng
Shouts (India)		 62,869
Greater London Auxiliary 3,345
H,M. Prison (Leeds) 2,656
H.M. Prison IWormwaad
Scrubs, London)		 5,229
H.M. Prison Oakwacd
(Stalfardshire)		 3,120
Mandokote
Mission
& Orphan
Cere (Malawi)		 3,478
Mexwe& Mslndo (flmbsbws) 17,116 5,360
Mission Sans Frontieres
(Mozambique)		 13,710
Mlsslanaiy
Aid Support
(Africa)		 9,221 8,820
Mlsslonswerk
Voice of Hope (Greece		 & Germany) 8,685 12,661
Open Door Baptist Church (Ethiopia) 11,851
Pablo Landazuri
(Ecuador)		 3,550
Philip Dalling
(Romania)		 5,150
Philip Kyle (Uganda) 3,161
Reforming
Afiica Ministries		 (Mozambique) 5,354
S.C. Faclia Prodcom SRL (Romania) 13,150

2021
Staff Costs: (Restated
2022 Analysis)
8
Total staff costs which have been allocated acrass the various departments:
Staff employed In the UK:
Wages end salaries 687,274 620,399
Social security costs 69,81D 57,61D
Pension snd life assurance costs 60 003 59825
817,087 737,834
UK Consultancy Costs 39,475 38,858
Staff employed by Cverseas Branches but managed by ISS UK 287,436 281,508
Staff costs ofOversees Branches 257,495 208,711
Ovemeas
Consultants

Worldwide Worldwide UK HQ
2022 2021 2022 2021
f60,001 to 670,000 4 2 3 1
P70,001 ta f80,000 1 1
880,001 to 690,000
890,001 to 8100,000
8100,000 toft 10,000
Ot 10,000 to Ot20,000
8120,000 to Ot30,000 ' Due to aneaffmedicsr expense lore ncn-UK employee
Pension Casts: 2022 2021
Number ofstall in schemes 32 30
8 8
Total contributions 69,801 66,651
Contributions
due at year end		 208 1,956

Tote I Tote I
2022 2021
8
Net Income
/ (Expenditure)		 for the year (SOFA) 258,193 1,559,849
This ls stated after charging / (crediting) the following:
Depmclatlon
&Amortlsation		 (Note 14a) 65,649 61,146
Interest Payable
Operating
Lease Rentals (see Note 21 for outstanding		 liabilities):
Hire of Plant,
IT & vehicles		 13,293 14,634
Hire of Property 18,857 22, 801
Auditors'
Remunemtion:
UK Audit Fees 21,845 20,000
Fees paid to auditors for other services 550 518
Audit Fees ofovemeas branches 22, 177 20,480

At 01/01/22 Income Investment Expenditure Transfers At 31/12/22
gains &
(losses)
6 6
Abkhaz
Scripture
Fund		 1,033 15 1,048
Africa Scripture
Fund		 580 45 (625)
Amhsrlc
Distribution
& Promotion		 Fund 4,123 48 (1,686) 2,485
Amharlc
NT 8 Psalms
Fund		 9,920 (9,920)
Amharlc
Scripture
Fund		 7,800 3,255 (11,066)
Arabic Scripture
Fund		 600 600
Bible Translation
Fund		 1,581 (1,581)
Bibles for Armenia
Fund		 102 102
Bibles for Pdsoners
Fund		 48,932 6,176 (1,711) 53,397
Bibles for Schools Fund
Bibles for Zimbabwe
Fund		 4,029 4,029
Bibles Only Fund 14 19,121 (14,199) 4,936
Bibles Outside
UK Fund		 625 (625)
Bibles, NTs & Gospels to Nigeria Fund 1,057 4,850 (5,907)
British Sign Language 850 (16) 834
Chichews
Scripture
Fund		 5,116 1,920 (6,490)
Children
&Schools Scripture		 Fund 5,096 10,072 (6,956) 9,212
Chinese Bible Translation Fund 13,176 104,022 (101,911) 15,287
Chinese Scripture
Fund		 4,090 7,762 (11,281) 571
Dakota Scripture
Fund		 1,048 15 1,063
Dan/Gio
Old Testament		 Fund 26,544 26,544
Dan/Glo
New Testament		 Fund 51,383 628 52,011
Dan/Gio
Scripture
Fund		 1,517 13,966 (6,483) 2,685 11,685
Dessert Tharu
NT Translation		 Fund 1 21 21
Desaurl
Tharu
NT Translation		 Fund 2 30,980 (7,361) 23,619
Donations
for Grants
Fund		 46,924 12,632 (23,086) 36,470
Eastern
European
Scripture		 Fund 250 (250)
English Bibles Fund 125 (125)
Ethiopian
Distribution
Centre		 Fund 2,282 (2,282)
Eusngelistic
Tracts Fund		 448 6 (35) 419
Farsi Scripture
Fund		 1,530 2,992 (2,842) 1,680
Foreign Language
Bibles		 Fund 700 (700)
Foreign Scriptures
Fund		 473 (473)
French
New Testament
Completion		 Fund 3,000 1,303 4,303
French Scripture
Fund		 752 (675) 77
Ghana - Bibles for Children Fund 150 150
Golden thoughts
Calendars		 Fund 157 98,410 (50,470) (47,662) 435
Hausa Scnpture
Fund		 284 284
Hebrew
New Testament		 Translation Fund 77,386 (77,386)
Hebrew
NT in Audio
IWR-NL		 Fund 4,870 (3,701) 1,169
Hebrew Scripture
Fund		 8,344 2,778 (2,289) 8,833
Hindi Scnptures
Fund		 210 3,186 (3,396)
llonggo Scripture
Fund		 1,272 19 1,291
Island Scdpture
Fund
1		 13,928 1,413 (1,651) 13,690
Island Scripture
Fund 2		 1 (1)
Japanese
Scripture
Fund		 15 15

At 01/01/22 Income Investment Investment Expenditure Transfers At 31/12/22
gains 84
(losses)
f f
Kelenjin Scripture
Fund		 2,416 (2,416)
Kenya - Bibles for Children Fund 92 92
Klkamba
Translation
Fund		 4,988 57 (2,132) 2,913
Klssnga Scripture
Fund		 250 (61) 189
Latvian Scripture
Fund		 12,124 177 12,301
Legacy for Grants
Fund		 1
Lhaovo Scripture
Fund		 2,960 45 3,005
Lieu Scripture
Fund		 990 14 1,004
Madagascar
Scripture
Fund
Maori Scripture
Fund		 15,566 227 15,793
Mongolian
New Testament		 Fund 20,162 294 1,359 21,815
Mongolian
Old Testament		 Fund 72,371 7,582 (30,451) 49,502
Mozambique
Scrlptum
Fund		 5,520 81 5,601
Norwegian
Scripture
Fund		 767 (767)
Original
Languages
Fund		 26,078 381 26,459
Persian
New Testament
Fund		 12,233 5,680 17,913
Pokot Scripture
Fund		 117 (117)
Railway Poster Scripture
Fund		 33,908 1,146 (25,893) 9,161
Romanian
Scripture
Fund		 47 (47)
Romsnlsn
WLC Scripture		 Fund 7,000 P,000)
Russian
Scripture
Fund		 913 71 (984)
Scriptures
for Arraed Forces		 Fund 197 (197)
Scriptures
for Greater Toronto		 Ares Fund 23,502 1,378 24,880
Scriptures
for the UK		 175 (175)
Scdptures
for Market Stalls		 Fund 3,000 44 3,044
Scriptures
for Poar Countries		 Fund 62,560 8,863 (3,776) 67,647
Scriptures
for Ukrainisns		 40,550 (277) 40,273
Shone Bible Fund 57,971 (57,971)
Shona Scripture
Fund		 1,102 65 (138) 1,029
Spanish
NTPP Columbia
Confer.		 Fund 9,942 145 10,087
Spanish
NTPP Printing
Fund		 16,883 195 P,099) 9,979
Spanish
Translation
Canferencs		 Fund 25,528 373 25,901
Spanish
Translation
Fund		 10,135 3,811 (13,946)
Spanish
Translation
Work		 Fund 27,269 125,621 (141,679) 11,211
Support
for A/dca
Fund		 4,504 66 4,570
Swahili Scripture
Fund		 3,289 (2,295) 994
Tagalog Scdpture
Fund		 439 1,259 (584) 1,703
Tedim Zoksm Scripture
Fund		 388 (176) 212
Thadou
Scripture
Fund		 7,356 106 (131) 7,331
Toronto Transit Campaign Fund 6,381 686 (7,712) 13,019 12,374
Tmnslatlon
ofthe Scriptures		 Fund 15,213 13,616 (10,482) 18,347
Turkish
Scripture
Fund		 612 9 621
Ukrainian
Scripture
Fund		 2,926 4,083 (2,214) 4,795
Vaiphei
Scripture
Fund		 201 356 (557)
Vietnamese
Scripture
Fund		 476 7 483
Welsh Scripture
Fund		 952 13 (189) 776
Zimbabwe
Scripture
Fund		 250 250
Total Restricted Funds 720030 074M0 ~0742» ~37 3M M
61

At 01/01/22 Income Invesbnent Expenditure Transfe rs At 31/12/22
gains &
(losses)
6		 f
Amharlc
Bible Translation		 Fund (41,064) 41,064
Chichewa
Scripture
Fund
Chinese
Bible Translation		 Fund
Donations
for Grants
Fund		 (38,146) 38,146
Feral Scripture
Fund		 95,697 1,397 97,094
French
NT Distribution
Fund		 26,534 388
French Scripture
Fund		 24,556 580 (50,281) 79,733 54,588
Hebrew
New Testament
Translation		 Fund (30,858) 30,858
Indian
Tribal Languages
Fund
Island Scripture
Fund
Kikamba
Translation
Fund
Mozambique
Scripture
Fund
Romanlan
Bible Distribution		 Fund 16,262 173 (8,827) 7,608
Russian
Bibles Fund		 962 14 976
Shone Bible Fund 577 (577)
Tagalog Scripture
Fund
Turkish
Old Testament
Review Fund		 51 (3,089) 10,130 7,092
Ukrainian
Scripture
Fund		 225 225
Total Designated
Funds		 184813 ~348 199989 194545

Freehold Leasehold Computer
property
f		 property
8		 Equipment
8		 equipment
6		 Library TOTAL
6
Cost:
At 1 Janus' 2022 2,908,293 448,220 42,967 24,959 4, 163 3,428,602
Additions
Net Writeoff on Disposals		 * 122 2,210 2,332
Foreign Exchange AdJustment
At 31 December 2022		 11832
~20 125		 50637
400 857		 5233
48 322		 3039
31 106		 4 791
864		 72 432
3 723 366
Depreciation:
At 1 Janua01 2022 298,213 166,409 37,394 16,482 518,498
Charge for the year
Released
on disposal '		 45,346 15,268 2,097 2,938 65,649
Foreign Exchange AdJustment 8,297 15,910 4,274 3,024 31,505
At 31 December 2022 351800 197587 43765 23444 615652
Net book value:
At 31 December 2022 2M8 269 301210 43557 0M4 ~ 984 ~80771~
At 31 December 2021 2810,080 281 811 5,5 3 84» 4163 2910 104
Net Loss on Disposal ofFixed Assets 60
Nst Loss on Foreign Exchange Adjustment 640,927
14b ib e
xe		 K
Freehold Leasehold Computer
property property Equipment equipment Library Total
6 6 8 6 6 6
Cost
At 1 Januaty 2022 2,846,154 22,128 2,868,282
Additions
Disposals
At 31 December 2022 22 128 2 888282
Depreciation
At 1 January
2022		 255,819 15,018 270,837
Charge forthe year 42,637 1,120 43,757
Released
on disposal
At 31 December 2022 288 456 16 130 314594
Net book value:
At 31 December 2022 2 547 698 5 990 2 503 688
At 31 December 2021 2,590,335 7,110 2,597,445

Unrestricted Unrestricted Restricted Designated Endowment
Funds Funds Funds Funds Total Total
2022
f		 2022
f		 2022
f		 2022 2022
f		 2021f
Market value;
At 1 January
2022		 13,616 2,360,210 2,373,828 2,267,062
Additions 158,688 158,668 606,905
Dieposals (658,324) (658,324) (623,041)
Realised/Unrealised gains/(losses) (8,274) (132,481) (140,755) 122,482
Revaluation
due to		 Foreign Exchange 540 418
At 31 December 2022 00 00 560 000 33 00
Divisible asfoliowa
Property
Usted Investments 5,882 1,669,405 1,575,287 1,873,826
Short-term
deposits		 and cash balances 50 680 50 6 2,» 20
Unre slrl cted Restricted Designated Endowment
Funds Funds Funds Funds Total Total
2022f 2022
f		 2022
f		 2022
f		 2022f 2021f
Market value:
At 1 January 2022 2,360,210 2,360,210 2,252,099
Additions 594,702
Dlsposals (658,324) (658,324) (608,447)
Realised/Unrsalised gains/(losses) 121 856
At 31 December 2022 56
5		 00
Divisible as followa
Propeny
Listed in8estments 1,569,405 1,569,405 1,860,210
Short-term
deposits		 and cash balances 500,000
Consolidated Consolidated UK UK
2022
f		 2021
f		 2022
f		 2021f
Finished
Goads		 1,427, 763 1,153,735 1,004,195 795,085
Work in progress 000 01 11» 05

Consolidated Consolidated UK UK
2022
f		 2021
f		 2022
E		 2021f
Trade debtors 142,577 159,039 43,501 159,660
Legacies recelwtble 324,937 166,390 324,937 166,390
Amounts
due
Other debtors,		 from subsidiary
prepayments		 undertakings
& accrued Inccme		 128,2
1
22»		 1 621
234		 128,860
106,031
2, 322211

v estments
essthan
1 ea		 r to matur
-Co		 so I
d
Unrestricted Restrl cted Designated Endowment
Funds Funds Funds Funds Tots I Total
2022f 2022
E		 2022
f		 2022
f		 2022
f		 2021
f
Market value:
At 1 January
2022		 3,012,519 559,543 3,572,062 2,070,648
Additions 528,842 654,648 1,183,290 2,149,885
Disposal
Proceeds		 (172,488) (172,488) (639,604)
Realised/Unreallsed gains/(losses)
Revaluation
due to		 Foreign Exchange
At 31 December 2022 MS 3
Divisible as followrc
Usted invastmsnts
Short-term
deposits		 and cash balances

rr
n		 nv ants
essthan1
ca		 rte maturi
-UK
Unrestricted Restricted Designated Endowment
Funds Funds Funds Funds Tots I Tote I
2022f 2022 2022
f		 2022
E		 2022 2021
Market value
At 1 January 2022 2,839,702 659,543 3,399,245 2,070,648
Additions 504,465 854,648 1,159,113 1,969,611
Disposals (15,644) (15,844) (631,014)
Net unrealised gains/(losses)
At 31 December 2022
Divisible as follow2n
Listed Inw3stments
Short&arm deposits and cash balances 3,328,523 1,214, 1
1 214 191 4 542 714 3399245

Consolidated Consolidated Consolidated Consolidated Consolidated Consolidated UK UK
2022
f		 2021
f		 2022f 2021f
Trade creditors 489,061 195,468 403,689 158,964
Amounts
due to overseas
branches		 111,306 92,318
Other creditors
and accruals		 59,265 48, 150 44,865 41,096
Deferred Income
000 0
20 ~Ana
sf~ef~f AAlsts
Unrestricted Restricted Designated Endowment
Funds Funds Funds Funds Tots I Total
2022 2022 2022 2022 2022 2021
f f f f f
Tangible
Fixed Assets		 2,887,714 2,887,714 2,910,103
Fixed Asset Inwrstments 184,550 1,569,405 1,733,955 2,373,826
Net Current Assets
Net Assets at the end ofthe year		 0 000 101 «104 2 4
.		 121»10 11 12
2
21
2021
2022
f		 (Restated)
f
The total future
minimum
lease		 payments under non-cancellable operating leases sre payable ss follows:
Operating
Leases (Plant,		 IT 8 Vehicles):
Within one year 11,804 15,193
Within two to live years 14,761 10,884
More than 6ve years
Properly Leases:
Within one year 7,060 6,669
Within two to live years
Mors than fne years
22
2022 2021
Net Income/(Expenditure) 258,193 1,559,849
Ad)ustments
for:
Depreciation
Charges
(Note 14a)		 65,649 61,146
(Gains)/Lasses
on (Fixed Asset)		 Investments (Note 15s) 140,215 (122,900)
Diddends,
interest
and rents from		 investments (Note 4) (140,450) (102,436)
Loss/(prolit)
on Disposal of Fixed		 Assets (Note 14a) 3,341
(Gains)/Losses
on Revaluation		 af Fixed Assets (Note 14a) 40,927 (3,041)
Decrease/(Increase)
in Stocks (Note 16)		 (276,047) 161,047
Decrease/(Increase)
in Debtors		 (Note 17) (123,428) 113,516
Increase/(Decrease)
in Creditors		 (Note 19) 301,016 105,458
Net cash provided
by (used In)		 operadng acgvltles 266 076 1 775981

to include these here at t he end.
Unrestricted Restricted Designated Endowment
Funds Funds Funds Funds Tote I Total
2021 2021 2021 2021 2021 2020
6 6 6 6 r. 6
Q
Subscrlptlons 51,216 51,218 32,849
Donations 919,595 263,019 1,182,614 1,053,510
Collections 261,686 6,610 268,296 263,903
Legacies 1,581,348 1,581,348 418,874
Partner Funding 541 038
2 813845 810867

Sales Income 1,254,296 8,180 1,262,475 1,017,382
Royalties 49280
1303555 8180
Listed Inwrstments 57 70,525 70,582 55,296
Cash Deposit
Interest		 18,776 11,042 29,818 36,273
Rent
lk Sentce Charges
Gomnment
Grants		 17188
Unrestricted Restricted Designated Endowment
Funds Funds Funds Funds Total Tots I
2021 2021 2021 2021 2021 2020
(Re rusted)
F. 6
~ln~Ft~d
Raising Charitable Funds 1,354 1,354 93
Inwistment Management

23 Notes to the Financ ia)St atements 2021 continued 2021 continued
Unrestricted Restricted Designated Endowment
Funds Funds Funda Funds Tots I Tote I
2021 2021 2021 2021 2021 2020
(Restated)
F.
Translating
the Scriptures
Direct Casts ofTranslation
6, Revision		 Pro)acts 162,866 366,479 82,379 611,724 689,704
Overnight
ofTranslation
& Reuaion Projects		 37,910 51,627 20,082 109,819 239,799
Editorial
Development
& Other		 ActMty
Publishing
the Scriptures
Publication
ofScriptures
& Scripture		 Items
Distributing
the Scriptures
Cost ofGoods Sold 739,435 5,022 744,457 670,622
Sales Despatch
& Carriage		 276,753 276,753 138,687
Sales Marketing
& Promotion		 37,336 37,338 35,031
Sales Administration
& Management		 363,973 363,973 523,457
Cost ofScriptures
Granted		 111,364 217,227 41,226 369,816 417,515
Grants Postage & Carriage 37,066 14,839 2,084 53,789 64,998
Grants
Administration
8 Management		 125,687 2,419 126,106 189,576
Displaying
the Scriptures
Publicly		 40,840 18,774 59,614 32,681
Distribution
Centres		 12063
Promotion
&Upholding
Promoting
& Upholdmg
the Scriptures
1'Ib Movement
in Funds
At O'I/01/21 lncomfng lmrealrnant Outgcdng Tmmfeta At31/12/21
I/tea/stetg reammes8 gains& reazurcesa
gains (lames) looms
Umeeldeled
Funda
General
Fund		 6,721265 4, 'I55 457 626 (2,814232) (151,54'I) 7,9I1,575
Restricted Fonda
Translating
the Smiptures		 214,637 453,844 (432,906) 235,575
Pubtshing
the Scnptures
Diet ributlng
the Script urae		 370,794 (283,742} (49,158) 484,464
Pmmoting
& Upholding
tha		 Scrtpturas
Total Reshicted Funds 585,431 900,414 (716,648) (49,158) 720,039
Designated
Fundts
Translating
the Scnpturas		 95,897 (14,256) 58,014 139,455
Pubtshlng
the Scdpturae
Distributing
ths Scriptures		 16,844 (134,171) 142,685 25,356
Promotttg
& Uphddlng
tha		 Scriptures
Total De%gested Flntds 112,54'I (14S,427) 200,698 164,813
Endoaornsnt
Funde
Golden Thaughts
Calendar		 Fund 121,858 2,916,075
Total Funda 11712

At 01/01/21 Incoming Investment Outgoing Transfers At 31/12/21
(Restsfedl resources & gains & resources
&
gains (losses) gosses)
a 8
Abkhaz
Scripture
Fund		 (3) 1,033
African Scripture
Fund		 584 (4) 580
Amharlc
Distribution
& Promotion		 Fund 4,123 4,123
Amharlc
NT &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 (785)
Bible Translation
Fund		 813 (613)
Bibles & New Testaments Fund (329) 997 (668)
Bibles for Armenia
Fund		 102 102
Bibles for Prisoners
Fund		 44,658 5,508 (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)
Chlchewa
Scripture
Fund		 5,207 (91) 5,116
Children
& Schools Scripture		 Fund 1,604 4,372 (880) 5,096
Chinese
Bible Tmnsletlon		 Fund 7,394 106,320 (100,538) 13,176
Chinese Scripture
Fund		 22,833 (18,743) 4,090
Chothe Scripture
Fund		 60 (60)
IJakota Scripture
Fund		 1,048 1,048
Dan/Glo
New Testament		 Fund 42,992 42,992
Dsn/Glo
Scripture
Fund		 5,447 8,083 (3,622) 9,908
Donations
for Grants
Fund		 55,640 (8,716) 46,924
Eastern
Eumpean
Scripture		 Fund 250 (250)
English
Bibles Fund		 1,587 (1,587)
Ethiopian
Distribution
Centre		 Fund 5,000 (2,718) 2,282
Ethiopian
Ollice Pro]ect		 Fund 2,900 (2,900)
Evangelistic
Tracts Fund		 476 (28) 448
Feral Scripture
Fund		 5,721 1,892 (6,083) 1,530
Foreign Language
Bibles		 Fund 342 (342)
Foreign Scrlptums
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		 llanslaticn Fund 75,586 (75,586)
Hebrew
NT in Audio TN/R-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
Nwlbo Bibles Fund		 1,448 (1,448)
Kenya - Bibles for Chgdren Fund 250 (158) 92
Klksmba
Translation
Fund		 5,359 (371) 4,988
Kisanga Scripture
Fund		 250 250

At 01/01/21 Incoming Incoming Investment Outgoing Transfers At 31/12/21
(Reste/edl resources & gains & resources
&
gains (losses) gosses)
6
Latuan
Scripture
Fund		 12,124 12,124
Legacy for Grants
Fund		 31,815 (22,906) (8,908) 1
Lhasa Scripture
Fund		 2,960 2,960
Lieu Scripture
Fund		 990 990
Madagascar
Scripture
Fund		 4 (4)
Maori Scripture
Fund		 16,607 (41) 15,566
Mongolian
New Testament		 Fund 16,082 5,080 20,162
Mongolian
Old Testament		 Fund 101,521 (29,160) 72,371
Mozambique
Scrlptum
Fund		 575 (1,102) 5,520
Nepall Scripture
Fund		 18 (18)
Norwelgan
Scripture
Fund		 767 767
Original
Languages
Fund		 26,D78 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
Romanlan
Scripture
Fund		 767 (720) 47
Romsnlan
WLC Scripture		 Fund 6,000 (6,000)
Russian
Bibles to Ports		 In island 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 22,77D 148 23,502
Scriptures
for Market Stalls		 Fund 2,500 500 3,DDD
Scriptures
for Poor Countries		 Fund 80,288 2,908 (20,636) 62,560
Shone Bible Fund 57,971 57,971
Shone Scripture
Fund		 1,620 (1,124) 1,102
Slmte Bible FBIFund 58,899 (58,899)
Simte Scripture
Fund		 (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		 (783) 439
Tedlm 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
Valphei
Scripture
Fund		 250 1,598 (1,647) 201
Vietnamese
Scripture
Fund		 476 476
We/sh
Scripture
Fund		 984 (32) 962
Zimbabwe
Scripture
Fund		 250 250 (500)
Total Restricted
Funds

At 01/01/21 Incoming Investment Outgoing Translbrs Translbrs At 31/12/21 At 31/12/21
(Restated) resources & gains & resources
&
gains
f		 (losses)
f		 gosses)
f		 f f
Amharlc
Bible Translation		 Fund (38,127) 38,127
Chichewa
Scripture
Fund
Chinese Bible Translation Fund
Donations
for Grants
Fund		 (32,528) 32,528
Fami Scdpture
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
Klkamba
Translation
Fund
Mozambique
Scripture
Fund		 (547)
Romanlan
Bible Distribution		 Fund (10,846) 27,108 16,262
Russian
Bibles Fund		 (10) 972 962
Shone Bible Fund (12) 589 577
Tagalog Scripture
Fund		 (198) 198
Ukrainian
Scdpturs
Fund		 485 (260)
Tots I Designated
Funds		 112841 ~448 84 1

Unrestricted Unrestricted Resb'Icted Designated Endowment
Funds Funds Funds Funds Tote I Total
2021 2021 2021 2021 2021 2020
E E E E F 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/Unreallsed gains/(losses)
Revaluation
due to Foreign Exchange
At 31 December 2021		 I I 12 I 212»2222 22 OSIS
Divisible as fellows
Listed Investments
Short-term
deposits		 end cash balances

Inv I
n1
Unrestricted Restricted Designated Endowment
Funds Funds Funds Funds Tots I Tots I
2021f 2021
E		 2021
f		 2021 2021
E		 2020
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
Dlsposels (631,014) (631,014) (218,463)
Net unreallsed gains/(losses)
At 31 December 2021 839702
Divisible asfollowtc
Listed Inusstments
Short-term
deposits		 and cash balances

/ttMJIISIEJtLII0L/U10030
Unrestricted Restricted Designated Endowment
Funds Funds Funds Funds Total Total
2021 2021 2021 2021 2021 2020
E E E 6 E E
Tangible Fixed Assets 2,910,103 2,910,103 2,975,368
Fixed Asset In2estments 13,616 2,360,210 2,373,826 2,267,062
Net Current Assets
Net Assets at the end ofthe year