##
##
|Reference and administrative
information.|Reference and administrative
information.||
|---|---|---|
|Report ofthe Council.|||
|Independent
auditor's|report. .|.15|
|Statement offinancial|activities 2022|.18|
|Statement
of fina nciai|activities 2021|.19|
|Balance sheet. .||.20|
|Statement
ofcash flows.||.21|
|Notes to the financial|statements.|.22|
##
|Registered|name:||Bible Reading Fellowship|Bible Reading Fellowship|(also known|(also known|as 'BRF')|
|---|---|---|---|---|---|---|---|
|Charity registration||number:|233290|||||
|Company|registered|number:|301324|||||
|Registered|office:||19The Chambers,|Vineyard,||Abingdon|OX143FE|
|Vice presidents;|||Mrs A Donald|||||
||||Lord Green of Hurstpierpoint|||||
||||Canon
Dr G Lings|||||
||||Rt Revd SPlatten|||||
||||Rt Revd TThornton|(retired||September|2021)|
||||Rt Revd
M Turnbull|||||
||||Mrs A Persson (appointed||July 2021)|||
|Council/ trustees:|||Rt Revd C Fletcher|OBE (Chair)||||
||||Canon
Dr C Baxter|CBE(Vice||Chair)||
||||Mrs J Agg|||||
||||Mr A J Barton|||||
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|||Risk|||||Mitigating
action|
|---|---|---|---|---|---|---|---|
|Voluntary|income|Negative|macro-economic
factors|||further|Raising the profile of BRFand its vision;|
|||limiting sources ofvoluntary||income to|||additional
investment
in the fundrai~ing|
|||support charitable
activities.|||||team; continuing
development
of a major|
||||||||gifts programme.
Finding
new streams|
||||||||such as merchandising
and text giving.|
|Income from sales of||Competitive
market for Bible||reading notes,|||Development
of a range ofroutes|
|resources||as well as continued
pressures|||on|the|to reach end users; sponsorship
of new|
|||Christian|bookshop
market,
leading to a||||p rod ucts.|
|||reduction|in income.|||||
|Costs||Rising and sustained
inflation||leading to cost|||Working with suppliers
and performing|
|||increases.|||||tenders where appropriate.
Looking at|
||||||||non-salary
benefits.|
|Staff||Loss ofknowledge
and interruption||||to the|Business continuity
planning;
articulation|
|||business|through
staff leaving|and||the|of BRF's core values as an organisation|
|||challenge|ofrecruiting
suitable||candidates||and embedding
these within
its day-to-|
|||to fill vacant and new positions.|||||day operations.|
|Reputation||Negative|reaction to one or more|||ofour|Implementation
and regular
review of|
|||ministries|(including
ministries||that interact||policies and procedures,
including|
|||with children),
publications
or fundraising|||||safeguarding
and volunteer
agreements;|
|||campaigns.|||||Continuing
Professional
Development|
||||||||(CPD) programme
for freelancers
working|
||||||||with churches; complaints
procedure;|
||||||||ability to respond
swiftly
in the event of a|
||||||||problem
arising. Membership
ofthe|
||||||||Chartered
Institute of Fundraising.|
|Data||Loss ofpersonal data, including|||sensitive||Continual
improvement
programme
on|
|||data and|data processed through|||fundraising|the handling
ofpersonai data; registration|
|||activities;|risk ofcyberattack.||||with appropriate
regulators
such as cyber|
||||||||essentials
and CPD by staff members;
IT|
||||||||controls
in place and cyber insurance.|
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|||Notes|Unrestricted|Restricted|2022|2021|
|---|---|---|---|---|---|---|
||||funds|funds|total|total|
||||f|f|f|f|
|Income from:|||||||
|Donations
and legacies|||||||
|Donations|||382,284|209,305|591,589|570,890|
|Grants|||33,007|569,266|602,273|747,619|
|Legacies|||146,058||146,058|4,207|
|Charitable
activities|||||||
|Working with indwiduals|||||||
|and churches|||49,711|751,352|801,063|781,596|
|Working with primary|||||||
|schools||||||105|
|Investments|||||||
|Interest received|||13,686|9,806|23,492|14,151|
|Total income|||624,746|1,539,729|2,164,475|2,118,568|
|Expenditure
on:|||||||
|Raising funds|||128,103|129,717|257,820|232,009|
|Charitable
activities|||369,083|1,430,680|1,799,763|1,712,275|
|Total expenditure|||497,186|1,560,397|2,057,583|1,944,284|
|Net income/(expenditure)|||||||
|before investment|gains||127,560|(20,668)|106,892|174,284|
|Gain/(loss)
on investment||12|(20,328)||(20,328)|156,847|
|Net income/(expenditure)|||107,232|(20,668)|86,564|331,131|
|Transfers
between
funds||18|(5,269)|5,269|||
|Net movement
in funds||8|101,963|(15,399)|86,564|331,131|
|Reconciliation
offunds|||||||
|Total funds brought
forward|||2,057,806|87,012|2,144,818|1,813,687|
|Total funds carried|forward||2,159,769|71,613|2,231,382|2,144,818|
##
||||Notes|Unrestricted|Restricted|2021|
|---|---|---|---|---|---|---|
|||||funds|funds|Total|
|||||E|f|f|
|Income from:|||||||
|Donations
and legacies|||||||
|Donations||||372,700|198,190|570,890|
|Grants||||191,425|556,194|747,619|
|Legacies||||4,207||4,207|
|Charitable
activities|||||||
|Working
with individuals|||||||
|and churches||||745,641|35,955|781,596|
|Working
with primary|||||||
|schools|||||105|105|
|Investments|||||||
|Interest received||||14,151||14,151|
|Total income||||1,328,124|790,444|2,118,568|
|Expenditure
on:|||||||
|Raising funds||||112,362|119,647|232,009|
|Charitable
activities||||977,640|734,635|1,712,275|
|Total expenditure||||1,090,002|854,282|1,944,284|
|Net income
/ (expenditure)|||||||
|before investment||gains||238,122|(63,838)|174,284|
|Gain on investment|||12|156,847||156,847|
|Net income
/ (expenditure)||||394,969|(63,838)|331,131|
|Transfers between|funds|||(92,572)|92,572||
|Net movement
in funds||||302,397|28,734|331,131|
|Reconciliation
offunds|||||||
|Total funds brought|||||||
|forward||||1,755,409|58,278|1,813,687|
|Total funds carried||forward||2,057,806|87,012|2,144,818|
##
||||BALANCE SHEET||||
|---|---|---|---|---|---|---|
|||AS|AT 31MARCH 2022||||
||||||2022|2021|
|||||now|f|f|
|Fixed assets|||||||
|Tangible assets
Investments||||11
12|388,825
901,223|410,239
921,551|
||||||1,290,048|1,331,790|
|Current assets|||||||
|Stocks||||13|86,950|115,707|
|Debtors||||14|179,817|163,486|
|Cash at bank|and in|hand|||1,013,020|808,150|
||||||1,279,787|1,087,343|
|Creditors: amounts||falling due within one year||15|321,967|261,596|
|Net current|assets||||957,820|825,747|
|Total assets|less current liabilities||||2,247,868|2,157,537|
|Creditors: amounts||falling due after more than|one year|16|16,486|12,719|
|Net assets|||||2,231,382|2,144,818|
|Charity funds|||||||
|Restricted
funds||||17|71,613|87,012|
|Unrestricted|funds|||18|1,569,938|1,447,364|
|Designated
funds|||||589,831|610,442|
|Total charity|funds||||2,231,382|2,144,818|
##
|||||2022|2021|
|---|---|---|---|---|---|
||||Notes|f|f|
|Cash flows from operating
activities||||||
|Net income/(expenditure)
for the reporting||period||86,564|331,131|
|Adjustments
to cash flows from non-cash||items||||
|Depreciation|||11|37,654|34,286|
|Realised
(gain) on disposal of investments|||12||(11,357)|
|Unrea(ised
(gain)/loss
on revaluation|of investments||12|20,328|(145,490)|
|||||144,546|208,570|
|Working capital adjustments||||||
|Decrease/(increase)
in stock and work|in progress||13|28,757|37,088|
|Decrease/(increase)
in debtors|||14|(16,331)|19,272|
|(Decrease)/increase
in creditors|||15|64,138|(5,795)|
|Net cash flow from operating
activities||||221,110|259,135|
|Cash flows from investing
activities||||||
|Payments
for tangible assets|||11|(16,240)|(64,285)|
|Sale proceeds ofinvestments|||12||107,841|
|Net cash flow used
in investing
activities||||(16,240)|43,556|
|Net increase
in cash and cash equivalents||||204,870|302,691|
|Cash and cash equivalents
at 1April 2021||||808,150|505,459|
|Cash and cash equivalents
at 31March 2022||||1,013,020|808,150|
|Analysis ofcash and cash equivalents||||||
|Cash and bank||||1,013,020|808,150|
|||||1,013,020|808,150|
##
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##
|6|ANALYSIS OF SU|PP|ORT COS|TS|||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||f.|f|
||IT||||40,706|39,127|
||Accommodation||||34,403|28,159|
||Legal and professional||||1,159|1,777|
||Telephone||||10,672|11,665|
||Depreciation||||37,654|34,286|
||Bank charges||||13,730|12,588|
||Printing,
postage||and stationery||8,941|6,207|
||Sundry administration||||16,420|10,740|
||||||163,685|144,549|
|7|GOVERNANCE
COSTS||||||
||||||2022|2021|
||||||f|f|
||Audit and accountancy||||10,450|9,500|
||Staff costs||||35,393|22,141|
||Trustee meetings||and other||118|46|
||||||45,961|31,687|
|8|NET MOVEMENT|IN|FUNDS||||
||||||2022|2021|
||||||f|f|
||The movement|for the year||is stated after charging:|||
||Depreciation||||37,654|34,286|
||Payments
under||operating|leases|3,168|3,951|
||Auditors'
remuneration||||9,000|8,000|
##
##
|||2022|2021|
|---|---|---|---|
|||f|f|
|Wages|and salaries|1,134,529|1,011,002|
|Social|security costs|100,989|84,747|
|Other|pension costs|84,830|80,730|
|||1,320,348|1,176,479|
##
##
||Long||||
|---|---|---|---|---|
||leasehold||Furniture||
||land and|Computer|and office||
||buildings
f|equipment
f|equipment
f|Total
f|
|Cost|||||
|At 1April 2021|460,000|132,381|88,577|680,958|
|Additions||12,448|3,792|16,240|
|Disposals||(1,584)|(12,378)|(13,962)|
|At 31March 2022|460,000|143,245|79,991|683,236|
|Depreciation|||||
|At 1April 2021|125,404|67,959|77,356|270,719|
|Charge for the year|9,204|21,635|6,815|37,654|
|Released on disposals||(1,584)|(12,378)|(13,962)|
|At 31March 2022|134,608|88,010|71,793|294,411|
|Net book value|||||
|At 31March 2022|325,392|55,235|8,198|388,825|
|At 31March 2021|334,596|64,422|11,221|410,239|
|12|FIXEDASSET INVESTMENTS (Listed investments)|FIXEDASSET INVESTMENTS (Listed investments)|FIXEDASSET INVESTMENTS (Listed investments)|FIXEDASSET INVESTMENTS (Listed investments)|FIXEDASSET INVESTMENTS (Listed investments)|FIXEDASSET INVESTMENTS (Listed investments)|||
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
||||||||f.|f|
||Valuation|1Aprii 2021|||||921,551|872,545|
||Additions||||||||
||Disposals|(sale proceeds)||||||(107,841)|
||Realised gain on disposal|||||||11,357|
||Unrealised|gain/(loss)on||revaluation|||(20,328)|145,490|
||Valuation|31March 2022|||||901,223|921,551|
|13|STOCKSAND WORK IN PROGRESS||||||||
||||||||2022|2021|
||||||||f|f|
||Publications
for sale||||||52,225|79,857|
||Work in progress||||||34,725|35,850|
||||||||86,950|115,707|
|14|DEBTORS||||||||
||||||||2022|2021|
||||||||f|f|
||Trade debtors||||||63,345|92,834|
||Other debtors||||||8,587|6,560|
||Prepayments
and accrued income||||||71,344|16,436|
||Amounts|owed by book distributors|||||36,541|47,656|
||||||||179,817|163,486|
|15|CREDITORS: AMOUNTS||FALLING||DUE WITHIN ONE YEAR||||
||||||||2022|2021|
||||||||f|f|
||Trade creditors||||||59,216|38,606|
||Taxation|and social security|||||31,234|22,630|
||Accruals||||||90,205|54,020|
||Deferred|income —publications|||invoiced|in advance|141,234|146,340|
||Other Creditors||||||78||
||||||||321,967|261,596|
|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||||f|f|
||An analysis ofthe movement
on the deferred|||income account|is|||
||as follows:|||||||
||Deferred|income brought|forward|||159,059|158,651|
||Released|to income during the year||||(150,688)|(148,841)|
||Deferred|in the year||||149,349|149,249|
||Deferred|income carried|forward|||157,720|159,059|
||Deferred|income due within
one year||||141,234|146,340|
||Deferred|income due after one year||||16,486|12,719|
|||||||157,720|159,059|
|16|CREDITORS: AMOUNTS||FALLING DUE AFTER|MORE THAN ONE YEAR||||
|||2022|2021|
|---|---|---|---|
|||f|f|
|Deferred|income|16,486|12,719|
|||16,486|12,719|
##
||||General|Develop-|Centenary|Property||
|---|---|---|---|---|---|---|---|
||||funds|ment fund|fund|fund|Total|
|||||f|f|f|f|
|Unrestricted
2021|funds at 1April||1,447,364|251,946|23,900|334,596|2,057,806|
|Surplus/(Deficit)
for the year|||131,305||(3,745)||127,560|
|(Losses)/gains|on investments||(12,666)|(7,662)|||(20,328)|
|Transfer from|development|fund||||||
|Transfer to restricted
funds|||(5,269)||||(5,269)|
|Transfer from|property
fund||9,204|||(9,204)||
|Unrestricted
funds carried
forward at31March 2022|||1,569,938|244,284|20,155|325,392|2,159,769|
##
##
|||||||Centenary|&||
|---|---|---|---|---|---|---|---|---|
||||Restricted|General|Property|development|||
||||funds|funds|fund|funds||Total|
|Net|at31M rch2022||f|f|f||f|f|
|Tangible|fixed assets|||63,433|325,392|||388,825|
|Fixed asset investments||||656,939||244,284||901,223|
|Cash at bank and
in hand|||73,278|919,587||20,155||1,013,020|
|Stocks, work in progress
debtors||and|5,777|260,990||||266,767|
|Creditors|falling due within||(7,442)|(314,525)||||(321,967)|
|one year|||||||||
|Creditors|falling due after|one||(16,486)||||(16,486)|
|year|||||||||
||||71,613|1,569,938|325,392|264,439||2,231,382|
|||||||Centenary|&||
|---|---|---|---|---|---|---|---|---|
||||Restricted|General|Property|development|||
||||funds|funds|fund|funds||Total|
|N t assets at|31
rch 2021||f|f|f|||f|
|Tangible fixed assets||||75,643|334,596|||410,239|
|Fixed asset investments||||669,605||251,946||921,551|
|Cash at bank|and in hand||83,368|700,882||23,900||808,150|
|Stocks, work
debtors|in progress|and|4,634|274,559||||279,193|
|Creditors
falling due within|||(990)|(260,606)||||(261,596)|
|one year|||||||||
|Creditors
falling due after||one||(12,719)||||(12,719)|
|year|||87,012|1,447,364|334,596|275,846||2,144,818|
##
##
##
##
##
||||2022|2021|
|---|---|---|---|---|
||||f|E|
|Financial assets measured|at fair value through|profit or loss|901,223|921,551|
|(investments)|||||
##
##
|||At start ofyear|Cashflows|At end ofyear|
|---|---|---|---|---|
|Net fu|1March 202|f|f|E|
|Cash||808,150|204,870|1,013,020|
##
##