Charlty rogistration numbèr 299943 (England and Wales) THE BIBLE NETWORK ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
THE BIBLE NETWORK LEGAL AND ADMINISTRATIVE INFORMATION Truste•$ Dr John Savage Mrs Brenda $8V8ge Mr Robert Green Charity nUMr 299943 Register•d offi¢• 9 Bumt Oak Farm Waldron East Sussox TN21 ONL Independènt examlner Caton Fry & Co Ltd Essex House 7-8 The Shrubberies George Lane South Woodford London E18 1BD Bankers Barclays Bank plc Loughlon & w{f0rd Branch 33 The Broadway Wo¢)Jford Gre8n Essex IG8 OHJ
THE BIBLE NETWORK CONTENTS Pago Independont examinerf8 report statement of financi81 acbvities Balance sheet 10 ststement ol cash flows 11 Notss lo the financ481 st8lemonls 12-21
THE BIBLE NETWORK TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2025 The trustees present thelr annual r8POrt and financial 8talem8nts for the year ended 5 Aprll 2025. The financial statements hav8 been prepared In accordance wth the accounting pdicigs Sat out In note 1 to the financlal slalem@nls and comply with th8 ch8rWs goveming document, the Charilles Act 2011 arKI "Accounting and Reporting by Charities.. Stslemenl of Recommended Practice applicable to charities preparing their accounts Sn accordance with the Flnancial Rewrting Stsndard applicable in the UK and Republie of Ireland IFRS 102). leffective 1 January 20191. ObJ•ctlv•s and a¢tlvitlg8 The charity Is established to advance and 8Xtend the Christian Faith by promotion of the gospel throughout the Unilad Kingdom and overseas. The charity seeks to achieve its objects by making availablg copies of the Blble through organlsed distrfbution channels to all parts of the worjd. The charSty works in partnèrship Bible League Internatial and has targeted 60 countdes throughout Asia, Latin America, the Middle East, Eastem Europe and the members of the fomiei Soviet Union, where Bibles can be placed making use of local people, which makes the operation very cosl effective. As part of the Bible placement piogramma. the charity seeks lo establish small group Biblo studies and enrol people Into these small groups. When a series of studies have been completed. members of the small groups receive a ¢opy of Ihg Bible for Ih8mselves. When planning our activities for the year. thè Trusleos confirm that they have complied with the duty in section 4 of the Charities Act 2006 to have due regard lo public benefit guidance published by the Com15s1on in d8lermlning the activilles undertaken by the Charity. Our Bible placement and study programmes provide poor people in many nalions with aCsS lo Bibles and leaching materia15 in order to begin and develop I1r spiritual relalionship with God, Ènd to Ilve out their faith. Grantmaklng The charity meets once or fv41ce a year wilh other members of the Bible League International lo discuss the desdnation and number of Blbles lo be sent. The charity puts forward ils recommendallons, and the member5 come to mutual agreement after prayerftjl consideration. This helps lo &nsure that efforts are not duplicated in paCUlar area whlle oth8r areas are forsaken, and also helps to achieve economies of scale and therefore cost savlngs In areas suth as ntIng and shipplng. Fundralslng The majority of funds are ra15ed by pl8clng appeal letters inslde varfous magazlnes. L8monade Corrffiunlcations ale Ihe professional fundraisers that are used lo organise this and so there is usually no interaction with th8 gen8ral public In raislng donations and ther8 have been no complaints lo th& fundraising regulator in the year. Investment pollcy and objectives Although the trustees have power to invest in such assets, as they see fit, they have a policy of maknng low risk inv8slments as far as is possible. Cosh depo$ils are readity available for utilisation, wilh the inveslmgnl In as high interest rates as are currently available. The charity uses a small number of volunteers as Mentors lo help provide its Prison Ministry. These Mentors recglve sludenl lessons. mark and send these back with an encouraging letter.
THE BIBLE NETWORK TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Once again, your 8UPPOrt has enabled faith to grow around the world. The Bible Netsvort( 18 involved in the main areas of outreach and also in several secondary areas of ministry, and onGo again. as I have done in previous years. I would like to begin by giving you a briel summary and ouuine of thos8 various areas of ministry. Later on in this report I will be glvln9 some real-llfe examples of how thls mlnlsty Is Wolng out In the I*9$ of the people Ihal we are mlnist8rfng lo, bul for now let me brfeffly outllne the areas of operation. something whith I repeal every year. This really is the backbone of The Bible Nelwork's worfdwide strategy. 11 is a Bible siudy programme used by local church members and which helps them with their evangelisffl and dis¢iploship work. 1115 inspired by the story in Acls 8 whorè Philip asks the Ethiopian rf he understands what he is r8ading. 'How can I., he in fact said, "unless somebo(ty helps me" and th18 is what church members ¢Jo who Ive beon trained as'Philips' Some 'Philips' who have been trained through the Project Philip programme want to go on further. and plant churches, sometimes in quite remote places. Over the years I have been amazed at how these 'Phillips' afft ppared lo go Ihat extra mile in order to meet with people who are sometimes living in places which are almost Inaccessible. I wtll glve an example of thSs later on In th1$ reporL Thi8 Is the third m8in 8rea of our work and il really is an ar68 which has exdting p08sibililies. Let me explain. Many people around the worfd. particularfy in those ar8as which might be consldered more backward, ar8 longlng to leam how to read, and write English. They want to learn because they see thls as a possble way for thern lo improve their circumstsnces and improve their job prospects. We see this as an opportunity to proclaim the Gospel. Please see a brief description below, bul shoulrl you want any further information on this particular ministy th8n pleas8 do write in lo us at our Heathfield office and we will be glad to oxplain things fijrther.
THE BIBLE NETWORK TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Because of you, the Gospel Is takSng root In remote places across northem Tanzania. baptisad 645 poople here in our church last year.. Bishop Zacharia recalls with graOlud8. "(Xhers, in remote p18ces, are sllll waib'ng because of a lack of water. As soon as thg rains come. we will baplise them. loo.. This is a region where traditlonal beliets and idol worship remain strong and, in some areas. the has been little ChristSan presence. The Word of God is greatly needed her8,° he says. Growing across the region Bishop Zacharia's church began partnering with The Bible Network in 2019. With careful planning, he and his team have buim a netsvork of local leaders. Village by village. town by town, they are Nnning Bible study groups and sharing God's Word. With The 8ible Neork, we can bring people lo Christ without hight costs," the bishop explains. Fify new churches have grown out of these Bible study groups. That number shows the great hunger for this programme," he say5. 'Because of your support. we can reach more people- more quickly and more effectlvely. You are multiplying the ministry here in ways we never thovght possible.. Bishop Zachari8 is grateful for his team of devotad pastors, who helpad him expand the ministry across the region. "l thank God for them,. he says. You can go to the remote51 areas and find they've alrgady been therel" As the mini8ty continues to grow and more people come to know Jesus Chllst a5 their Saviour, Bishop Zacharia shares his heartfelt opal. Wè 8tfll need you to help us present the Gospel until Lord Jesus returns.. Thanks to your support, 8 humble churth in central Nicaragua is becomlng a place of healiru. Salustiano and his wrfe, Jasmina. serve falthfully In a community Whe many homes are und8r slraii and where people are longing for hope and meaning in God's Word. We want to share the Gospel throughout this community. We do il out of love for the Lord.. Salusliano says. Thelr own palnful p881 fv8ls Ihelr mlnlstry. H8 tslls us that when fath8rs arg far fmm God, famllles oft8n suffer. Jasmina ministers among women and girfs and sees the burdens they carry - control. neglect and, in some homes. vlolence. After 8 serious health sc8re. Salusliano sensed God's call to ministy. He rasponded in faith and completed The Bible Nefv's Church Planter Training. With this training. th8 woik becomes so much easigrl" he says with loy. We long lo se8 more leaders trained to plant new churches herè." He began a church under a tree in 2021 with lust four adutts. Gro was slow, but Since recelving the tr8inlng the congregation now gathers beneath an open-sided shelter of ¢offugaled metsl. Neighbours can ovefvar the preaching and oftèn pause lo listen. The hunger lor God's Word has grown the church lo 45. ongside worship, a simple soup kitchen now Serves 47 childran in need- wlth both food and th8 Gospel. Thanks to your support, Jasmlna has been able to give the thildren new booklets from The Blble Netrrk. "Many children in Nicaragua are abandoned by their falh8Is.' she èxplains. "It is so Important to introduce them lo their heavenly Father. With The Bible Network Children's Bible study materials, we can help thgm come lo know God." "Il's 8n extraordinary work to PLrt Blbles into peOp'S h8nds," Salusliano says. Because ol you, the hunger for God's Word is being mel - and families are flnding hope. Salustiano. shares= "We feel very thankful. May you always have that love in your heart lo support our country- our people who hunger and thirst for God. May God bless you."
THE BIBLE NETWORK TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Bas dLI Many people around the World. particularly in those areas which might be considered more backward. are longlng to1gaTn how to read, and write, English. They want to18arn because they see this as 8 possible way for Ihem to improv8 their circumstances and Improve theirjob prospects. We see this as an opportunity to proclaim the Gospel. For morg information on this particular ministy please ntact our Heathfield offic8 and we will be glad to help. son Our prison ministry whlch we call Crossroads UK has continued lo see steady and encouraging progress durang the year with many students anrolled and completing a Bible study set of lessons. We continue to promots the free Bible sdIeS through a nallonal paper called Inside Times whlch is made avai18ble lo most people in prison. We advertise in this in the fomi of a sm811 box advert offering the free lessons. If you would like further information on this work then please writo lo us al our Hgathfield address. Lèarn L8am More About Jesus is a tree course whlch gently guldes the reader through the book of John, showing them who Jesus is. how He cgme lo save us, 8nd how we can accept Him. The course Can be rgquesled for free the link- www.le asus.co. We also have 8 facebook page of the same name where we post r¢gulady and wint P8ople towards the free course. I would Ilke to now take this opportunity lo update you on where wo have been able lo place the Saiplures which you have 80 klndly ftjnded. I will not detail the number of Scriptures for each region as this would make for difficult reading, but as always. rf you would like to know Ihls infomiation then plea88 do conl8Ct u$ through our offi¢9. Unfortunately in the age in which we lsve I cannot give precise detai18 of most of the towns and villages where our Bibles are being placed, and this is because il could put our workers al considerable risk. Where there is no risk then I do not need to take thes8 precautions. I will be grouping the distributions into regions and combining both Bibles and New Testaments.
THE BIBLE NETWORK TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED S APRIL 2025 Afrlca ASS8 & SIE Asia Eastem Europe Ind18 Latin Ameiica Muslim World South America South Afrlca If you would like details on which countries we work in. in the above named regions. then please contact us through our Heathfield office. In addibon to the above. we have sent many Bibles and New Testsments to people living in the Middle East, but for security I cannot name the actual towns and vlllages. Addltionally, al Christmas we were able to supply Bibles for our Children's work around the w(¥ld. Needless to say, we are most grdleful to our many supporters who give both regularty and as anil whèn they can. and I think it is encouraging to know that every pound donated will translate into a blessing for somebc*Jy. Thank you for taking the Ilme lo read this report.
THE BIBLE NETWORK TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 In general the charfty ¢arrfes OLrt short-term projgcts and the Iruslees consider that reserves of £75,000 to £100.000 are an adequate level. It was noted that unrestricted reseNes as 8t 5 Aprfl 2025 stood al £227,379 (2024= £225,298) due to a onewoff legacy raceived in the prewous y88r. 11 is the intention of the Trustees lo utllise rèseNes by Mang additional grants in accordance the charftsile objects so that the res8rves are in occordance with the target l&veS. Incoming resources for the ye8r decreased by 11.21% to £730.54912024: £818,576). The charity continues to be reliant upon voluntsry income, with donations represgnling 92.26% of Inning reUrceS, and legacles r8pr8sentsng a fvrther 5.53% of incoming resources. Total outgolng resources amounted to £728,46812024'. £755.3411. of which the charity was able to 8pend170%) 1.8. £513.41012024'. £518,337) on Its charltable acJvlli8s. 8nd 130%) 1.8. £215,058 12024: £237.0771 on raSslng fLJnds. The nel resources of the charity amounlett to a surplus of £2,081 12024.. £63,162). and as a re8ult the totsl unrestricted lunds of the charity stood al £227,379 al 5 April 202S12024: £225,299). Funds have been place¢J on interest bearing accounts with the Charities Aid Foundation and Ifirgin Money. Thgfe wer8 no restricted funds held as at 5 April 2025. Rl$k management Trustees actively review the major risks which the charity faees on a regular basis and believe that maintaining free reserves at the level slated bolow, combined with our annual review of the controls of tho key financial systems will PTovide sufficient resources in the event of adverse nditIn5. Plans for the futuro During this coming year we will firstly Cltinue to malnlain our long term, day lo day activities, which indude the following:_ A- The Bible basèd literacy work B- The Project Philip Bible sludies C - Our Church Planter tralnlng D- Our Prison Minislry E- The Learn More About Jesus CorrespMIenCe courses. In addition we will be makin9 a concerted effort this year lo develop a work am(xvJsl chlldren in a number of the counlrios where we currently have an adults ministy, We will be providing colourhjl childrens Bibles whlch will be made available to children In thelr own language. Sever81 fund raising campalgns will bg held in order to cover the cost of these Bibles.
THE BIBLE NETWORK TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5APRIL 2025 Structure. governance and managèment The charlty was establlshed by a chadlable trust deed on 24th August 1988 and18 regSst8r8d wllh the Charlty Cfflimission. numbar 29s943. The trustees who 88rved during the year were.. Dr John Savage Mrs Brenda Savage Mr Robert Gre&n Dotalls of method of re¢ruitmont, appolntment and Inductlon of truste0¥ New trustees are recrLJlled and appointed by the Board of trustees as the need aSe$ for additional trustees. The Board of trustees consid8r people of whom they are aware or who have been recommended as being suppubve of the aims and objects of the charity, and are wllling lo act In the position of Irusl¢a. New tnjstees ar8 brfeled by existlng Trvslè8s on their leg81 obligations under ¢hartty law, the Charity Commission guidance on public beneff( and the background to the charity. Trustees ats encouraged to attend apwopriate extemal trainirvJ events where these will facilitate the undertaknng ol Ihelr role. Organisati¢nal structure Ouring the year the charity was organised primarily by Dr. Savage working with the other Iruste8s: the ongoing organisation of the charity is kapt under constant revlew. Dr. Savagè as Secretary has responsibility for tha éay to day running of the charity, but policy matters are decided by the Irusleas al tre regular Iruslees meetings. The remuneration of key management personn81 Is revlewed by the board of tnjslees wilh Dr. Savage not involved in the process. Tha tN$tses' report was approved by the Board of Trustees. Dr John Savago Trustee Dated.. 19 January 2026
THE BIBLE NETWORK INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BIBLE NETWORK I report to the trustees my exomination of the financial statements of The B¢ble NOrk (the tharityl for the year ended 5 April 2025. Rèsponsibilitles and basis of report As the trustees of the charity you are fesponsible for the preparation of the finanual st8tem8nts in accordance th the requlremenls of the Charitses Act 2011. I rgPOrt in respect of my examlnation of the charity's financial stslements carrie(J out under 58Ction 145 of tho 2011 Act. In carying out my ex8mlnalion I have followed all the appllcablg Directions glv9n by the Charity Commls8ion under section 145{5Xbl of Ihe 2011 Act. Independent examinerfs $tstem&nt Since the charity's gross income 8x¢eed8d £250.000, the independent examiner musl be a member of a body lisled in sectlon 145 of the Charities Ad 2011. 1 confimi that l am qualified to undertake the exarnination because 18m a m8mbgr of Institute for Chartered Actountants in England & Wales, which is one of the lislgd bodies. Yc*ur attenlKJn is drawn lo tha fact that the charity has pr8pared the Ilnancial statements in accordance wlth the relevant version of the Statement of Recommended Practice applicable lo charities preparing their financial statements In accordance with the Financial R8POrting Standard applicable in the UK an¢J Republic of Ireland IFRS 1021 in preferance to the Accounting and Reporting by Charitia8: Slalemgnt of Recommended Practice issued on 1 April 2005 which is referred lo in the extsnt rogulations but has now been withdrawn. l understand that Ihls has been done In order for the financial slalements lo provide a true and fair view In accordance with UK Generally Acc&pted AOUntIng Practlce. I hav8 completed rny examlnation. I conffim that no matters have come to my attention in connection with the examination giving me cause to believe that In any matgrial respect.. accounting record5 were not kept in respect of the tharfty as required by section 130 of the Charities Act 2011. Ihg finanaal Statements do not accord wlth those records. or the financial 8tstem8nls do not c¢xnply with the applicable requirgments conceming the fomi and content of firlaricial stat8ments s8t out In the Charities (Accounts and Reports) Regulations 2008 other than any reqU1ment that the finan¢i81 st8tements give a true and fair view, whlch Is not a matter considered 8$ part of an Independent examination. I have no concems and have come atxoss no other matters In connectlon wlth the examlnation lo whlch attention should be drawn in this report in order to enable a proper understanding of the flnanGial ststements to reached. Jonathan Caton FCA FCCA Cal¢)n Fry & Co Ltd Essex House 7-8 The Shwbberfes George Lana South Wcrfxjford London E18 18D IL.L.. IoA.4... lTrJl{
THE BIBLE NETWORK STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 5 APRIL 2025 Unrestrlcted Unr•¥tricted funds funds 2025 2024 Notès Donations and logacies Invaslmenl income 724,395 6,154 813,262 5,314 Total incomo 730.549 818.576 Ex Ralsing funds 215,058 237,077 Charitsble aclFvitles 513,410 518.337 Total expgndltur• 728.468 755,414 Net Incorng for the yearl Net movement in funds 2.081 63,162 Fund balances at 6 Aprfl 2024 225,298 162.136 Fund balan¢•s at S Aprll 2025 227.379 225.298 The statemènt of financial activitigs includes all g8in8 and losses rewgnised in the year. All income and expenditure derive from continuing activlties. All Incomg, expendibjro and fund balances are represented by unrestricted funds t*)th in the ojrrent aTrJ prevlous year.
THE BIBLE NETWORK BALANCE SHEET ASAT5APRIL 2025 2025 2024 Notes Fixed assets Tangible assets 11 Currorrt ass•ts Debtors Cash at bank and in hand 12 26,013 221,660 11,100 235,751 247.673 246.851 Credlters: amounts falllng due wlthln ¢)ne year 13 (20.295) 121.S54) Net current assets 227,378 225,297 Tr)tal assets1g$s curront Ilabllltiés 227.379 225.298 Income funds Unrestricted funtls 227.379 225,298 227.379 225.298 All fund balances are ropre$8nted by unrestricted funds. The actounts were approved by th8 Truste8s on 19 January 2026 Dr John Savago Trustee 10-
THE BIBLE NETWORK STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 5 APRIL 2025 2025 2024 Not•$ Cash flows from op•ratln9 actlvltles Cash labsorbed byygenerated from operations 18 (20.2451 90.161 Inve8tlng actlvttlos Investment income rec8ived 6,154 5,314 Nèt cash g•norat•d from Invostlng activitie¥ 6.154 5,314 N81 Cash usgd In flnanclng activities N•t (d•crea50ylncroas• In cash and Gash equlvalents 114,091) 95,475 C8sh ond cash aquiv8lents al beginning of ye8r 235.751 140,276 Cagh and cash equlvalents at •nd of y8ar 221,660 235,751 11
THE BIBLE NETWORK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 Ac¢ouThllng pdlcle8 1.1 AOUntIng nVentIOn The 8ccounts have been prepared accordance with the ch8ritys goveming document, Ihe CharFtl&* Act 2011 and "Accounling anl Reporting by Charities.. Statement of Recomrnendod Practice applicable to charilles prepadng their accounts In accordance wllh tha Financlal Reportlng Standard appllcable in th8 UK and Republlc of Ireland IFRS 102}. {8S Bmended for accounting p8riods comm8ncing from 1 January 20161. Th8 charity is a Public Banefil Entity as defined by FRS 102. The finan81 stslements are preparad In slèrfing. whSch is the functional currency of the charity. Monetary amounts in these financial $lalemenls arg rounded lo th8 nearest £. The flnancial statements have been prepared under the hlstorfcal rA)St convenllon. ThB princlpal accounung )IleS adopted are set out below. 1.2 Golng concorn At the time of approving the financial 8tat8rnenls, the twslees have a reasonable expectation that the charity has adequalg Tesources to Continua in opgratlonal existenco for the fore8eeabl8 future. Thus Ihe trustees continuo to adopt the going con¢8m basis of accounting in preparing the financial stalements. 1.3 Charitabl• fund$ Unrethcled fijnds are available for use at the discrglion of the Irustses in fvrtherorKe of thèlr charitsble objectives. Restricted funds are subject to 8p8crfic conditlons by donors or grantors as lo how they may bg used. The purposes and uses of the restrfcted funds are sel out in the notes lo the Ilnancial statements. Endowment funds are subjèct to Sk)eofiG LL)nditions by donors that Ihe capital must be maintained by Ihe charfty. 1.4 Incom• Incom8 is fecognised when the chartty is legally entitlad to it after any perfomiance condltions h8ve ba8n meL the amounts can be measur9d r81iably, and tt is probable that income will be received. Cash donallons 8re rècognised on receipt. Other donations are recognised once the charity has been notified of the donat5on, unless performance condStions require defgrral of the amount. Incorne tax coVerable in relallon lo donauons recelved under GIftAld or deed5 of covénant is recognlsed at the Ume of the donation. Legacres are recogTri5gd on reIpt or otherwise rf the charity has en notffie(l ol an impending distribution, the amount is known. and receipt is expected. If the amount is not known. Ihe legacy is treated as a tingènt asset. Donated servlco8 In accordance with FRS 102. the general volunteer lime is not recognised. Refer to Ihe Irustee8' report for more information on the contribution of volunteers to the charlty. 12-
THE BIBLE NETWORK NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED S APRIL 2025 Accountlng Wicies {Continu•d) 1.5 Expendlture Expenditure Is Included in the accounts on an accru81s basis. Gr8nls offered subject to conditions which have not been met at the year end date 8re noted as a commitment bul not accrued os expenditure. Costs of raislng fun(Js are th086 costs Sn(#Jrred in atracting voluntary Income and indude: expens8s remthd for advertising and markellng. includlng slraleglc plannlng. cr8ativè copy and concppl, artrork and production SerVis, project management and media. as w811 as database fulfilmenl, new don acquisition and exksting donor d8velDpmenl Charitable expenses represent gr8nts paid during the ygar. Grants are allocated only when ihe funds are available. Govarnance costs Includ8 those (x)sts Incurred in the governance of its assets and ara primarily associated th constllutional and slaknlory requlrgments. Support )sts Indude ihe management arKI administration costs of tha tharity. including trustees romuneration. These are split between costs of raising funds. costs of grant making. and governan either on the eslimaled time spent on each activlty or Ihe actual cost. as most appropriate. 1.6 Tanglble fixéd assets Tangible fixgd assets are Inltialty measured at cost and subsequently measured at cost valuotlon. net of depreGiation and any impairment losses. Depreciation is recognised so as lo write off the cost or valuation of assets less Iheir residual values over their useful lives on the following bases- Computer 8qulpment Offlce equipment 33% on reducing balance 15¥0 on reducing balance The gain or 108s arising on the disposal of an asset is dglermlned as the difference between the sale proceeds and the carrylng value of the asset, and is recognised in the slalemenl of financial activltles. 1.7 Impalm)ent of flxod assets At each reporting end éale, the charity reviews tho carrying amounts of its tangible assets to delemiine whether there is any indlcation that thos& assets have suffered an Impaimienl loss. If any such indkalion exists. the recoverable amount of Ihe asset is estimated in order to detemine th8 8xlenl of the impaimienl loss (if any). 1.8 Cash and ¢ash •qulYalonts Cash and cash equivalents include cash In hand, deposits held at Call wth banks. other short-18m liquid investments wrth origlnal maturities of three months or less, Bnd bank overdrafts. Bank overdrafts are shown withln borrowings in current liabilities. 13-
THE BIBLE NETWORK NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Accounting poli¢ie$ (Continued) 1.9 Flnancial instruments The charity has elected to apply the provisions of Secllon 11 'Basic Fin8nryal In$trumgnts' and Section 12 'Other Finanryal Instruments Issues, of FRS 102 10 811 of its financial instruments. Flnancial instwments are recognised in the charity's balance sheet when the charity becomes Party lo the nlraclual provisions of th8 Instrum8nl. Financial assets and liabilities ore oftsel. with the nel amounts presented in thè finana81 statements. whgn there is a legally enforceable right to set off ihe recognlsed amounts 8nd Ihere Is an Inlentlon lo settle on a n8t basis or to realise the asset and setu8 the liability simultaneously. Basic financial assots Bassc fir)8nci81 assets, which include debtors and cash and bank b818nces, are Initi811y meB8ured at transaction price including transaction costs and are subsequently carrfed at amorbsed cost using the effedive interest method unless the arrangement constSlules a financing Iransactlon, where the trdnsaction is measur8d at the pr8sgnt valu8 of the futur8 r8C8ipts discounted at a market rate of interest. Financial ass8ts dassifiad as racaivabla within on8 year ar£ not amortised. 8aslc Ilnan¢l81 Ilabllltles Bas1¢ finanryal liabilities, induding creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a finanong transaction. where the debt instrument is measured at the present value of the futur8 payments dlscounted al a market rale of interest. Flnancbal liabilities Classified as payable within one year are not amortised. Debt Instruments ar8 sub8equently cathed al amortised cost, uslng th8 effeCte interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordSnary course of operations from suppliers. Amounts payable a classified as current liabi111Ses 11 payment is due within one yeai or less. If not, they are presented as non-current liabilities. Trad8 creditors are cOgniSed initially at transaction price 8nd subsequently me88urèd at amortised cost usino th8 effeclNe Interest method. Derecognltlon offlnanclal Ilabllltles Flnancial Ilabilities are derecognised when the charity's contractual obligations expirè or are discharged or ancefied. 1.10 Employee bonefits The cost of any unused hdiday entitlement is recognl8ed in the period In whlch ihe employee's services are received. Termlnallon benefits are recognised Immedlately as an expense when the charfty Is demonstrably commhied to temlnate the employment of an employae or to plde lemilnauon beneflts. 1.11 Pension costs and other post-retlrement bénèfits The charity operates a defined contribution pension scheme. Contributions payable lo the ch8rtVs pension scheme are char9ed to the Statement of Financial Activities in the period to whlch they relale. 14-
THE BIBLE NETWORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Crftl¢al a¢¢ountlng estimates and judg•mont$ In th8 applicabon of tho chariV$ accountlng policies, the trustees 8re required lo mako judg8mgnts. estirnale8 and assumpllons about the calrylng amount of assets and Ilabllilies that are not readily appar8nt from other sources. The eslimales and assoclal8d assumptions are b8s8d on historical experience and other factors Ih81 are considered to be relevant. Actual results may differ from these eslimatgs. The gsllmatss and underlylng assumptions arè r8vlewed on an ong(Mng b8sls. Revoslons lo accounting eslirnatgs are recognisgd In the perSod In whlch the estlrnale Is revised wh8re th8 revlslon affects rmly that pèriod. or in the period of the revision and future periods where the r8vision affects both current and future perlods. Incom• from dOnaon3 and legacles Unrestrlctsd funds 2025 Unrastrf¢ted funds 2024 Donations and gifts Legacies Gr8nts 673,980 40.415 10,000 607.129 206,133 724,395 813.262 Income from Invostments Unrestrlctèd Unrnstrictsd fvnds funds 2025 2024 Interest recelvable 6.154 5.314 Raising funds 2025 2024 Co Oth8r fundraisirbg costs Staff costs Support $t5 Is8e note 8) 35,120 33,017 23.471 41,067 30,229 14,273 Costs of generating voluntsry income 91.608 85,S69 & Newslettars Other trading actiwties 123,450 151.508 215.058 237,077 15-
THE BIBLE NETWORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Charitable adlvltles Scrlpture placem•nt programm• Prl6¢n Mlnlstry Totsl 2025 Totsl 2024 staff costs Activities undertakon direcuy 7,004 7,004 14.557 6,412 34.065 13,567 7,994 13.567 21,561 40,477 Grant fundlng of activities (see notg 71 480.0 460,000 450,000 Share of support costs Isee note 8) Share of gov8rnance cosis (so9 note 8) 12,091 19.758 12,091 19.758 10,074 17,786 499.843 13,567 S13.410 518.337 Analysls by fund Unrestricted funds 499,843 13,567 513,410 499,843 13.567 513,410 For the year ended S Aprll 2024 Unrestricted funds 484.625 33,712 518.337 484.625 33.712 518,337 16-
THE BIBLE NETWORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Grants payablo 2025 2024 Africa Colombia Indla Latin Amorica Kgnya Mal8wI Bangladesh Indonesia Zimbabwe Albania China Worldwide ChIldn Pers&culed Church Ministy of Muslim Area Mexico P8ru Soulh Afllca Philipplnes Nlcaragua Ghana Nep81 Amienia Europè A8la Sri Lanka Tanzanla Malaysia INhere Needed Most Worfdwide Audio Bibles Madagascar Paraguay Pakislan 15.000 35,000 18,000 5,000 38,000 13.000 5.000 15,0 5,000 14.0 13,000 48,000 15,000 5,000 4,000 10.000 100,QOO 10.000 90,000 20,000 80,000 40.000 2.000 4.1)00 11.000 14,000 8.000 5,000 5,000 14,000 24.000 21,000 1.000 17.000 13.000 10.000 15.000 13,000 40,000 3,000 15,000 10,000 10.000 30.000 5,000 7,000 15,000 460.000 450,000 17-
THE BIBLE NETWORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Support Costs Support costs Goveman¢• ¢o$ts 2025 2024 Staff costs Printing, postag8 & slalionery Pr8mlsas costs Motor & travelling Advertising T61ephong. communications & general expenses Telephone & communi¢ations Bank charges 10,005 lo,5 22,741 312 852 9,160 9,000 312 1.513 1.045 22.741 312 852 890 3.338 143 7,286 3.338 143 7,286 3,602 336 7,557 Accountancy Independént Examination Legal and profe85ional 2,958 5.808 987 2.958 5.808 987 2,958 5,808 611 35,562 19,758 55.320 41,9)2 Analysed between Fundraising Charitsblo activities 23.471 12.091 23,471 31,849 14.273 27.629 19.758 35,562 19,758 55.320 41.2 Net movement In funds 2025 2024 The nel movement in funds is ststed after chargingl(crediting): Fees payable for the independant examinaOn of the financlal ststements 2,958 2.958 18-
THE BIBLE NETWORK NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FQR THE YEAR ENDED 5 APRIL 2025 10 Employ•o8 The average monthly numbor employees during the yaar was 112024.11. Employmant costs 2025 2024 Wages and salarfes othgr pension costs 42,986 7,040 39,011 6.790 50.026 45,801 No employees received emoluments in excess of £60,000. Dr John Savage was remunerated in the year.The remuneratlon of this trustee is authorfsed by General Order of The Charity Commlssioners for England and Wales, in consideration of his role as man8ging trustee and secretary of the charity. 11 Tanglble fixed assets Complrtér oqutpm•nt Offlcè •quipment Totsl Cost Al 6 April 2024 2,765 509 3,274 At 5 April 2025 2,765 509 3,274 Depr•clatlon and Impairm•nt At 6 April 2024 2,765 508 3,273 At 5 Aprll 2025 2.765 508 3,273 Carrylng amount Al 5 April 2025 Al 5 Aprfl 2024 12 D•btor5 2025 2024 Amounts falllng duè wlthln one year. Other debtors 26,013 11,100 19-
THE BIBLE NETWORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5APRIL 2025 13 Cr•ditors: amounts falling due wlthln one year 2025 2024 Other taxation and social security Trustèès. acwunts Other rredilors Accruals and deferred ino)me 73 11,371 85 8,766 12,627 161 8.766 20,295 21,554 14 Rotlrement b•nellt schemes 2025 2024 D•fined contribution $chem Charg8 lo profil Of loss in r6spect of defingd cDnlribution schemes 7.040 6.790 The charity operates a defined contrlbulion pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. 15 Unrestrictod funds The unrestricted funds of the charity comprise Ihe unexpènded balances of donations and grants which are not subject to specific conditions by donors and grantors as to how Ihey may be used. These indude designated funds which havg bggn sgt aside out of unreslrid8d funds by the trustees for sporAfic purp$. At 6 Apr61 2024 Incomlng resources Rosources •XPgndgd At S Aprll 2025 General funds 225,298 730,549 (728.4681 227,379 Prevlous year: At 6April 2023 Incomlng Ro$ourceB resources •xp8nd•d At 5 April 2024 General funds 162.136 818,576 (755,4141 225.298 16 Analysls of not assets between funds UnroStri¢ted Unre$trl¢t•d funds funds 2025 2024 Fund balance$ at 5April 2025 are represented by-. Tangible assets Current assetsllllabllltlgsl 227.378 225,297 227,379 225,298 20-
THE BIBLE NETWORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 17 Relatod party transa¢tlons The figur6 of £11.371 12024.. £12,627) for Trytee5, account wSlhln creditors reprasents an amounl owed to Or. J. C. Sav8ge. Remuneratlon of key managBrnent P8rsonnel The remuneration of key management personnel was as lollows= 2025 2024 Aggregate comp&nsation 43,517 39.469 SeNlces towards the charitys appeals. prisDn ministry and website maintenance were provided by The Savage Partnershlp. Mr M Savage. who is the son of the Trustee Dr J C Savag&, is a partner of Th& Savage Partnership. The cost of these services provlded during the year ended 5 April 2025 amounted to £9,045 12024= £9,763). 18 Cash gener8t•d from operatlons 2025 2024 Surplus for the year 2,081 63.162 Adjustm8nls for Investment Sncome racognis8d in ststem8nt of financlal activities 16,154) (5,314) Movemants In worklng capllal.. Ilncfvaselldecreas& in debtors (Decrease) in creditors (14,913) {1,259} 33,022 7091 Cash (absorbed byllgonerated from operations 120,2451 90.161 21