The Bible Society in Northern Ireland
ststement of financial activities
For the Year Ended 31 December 2022
Unrestricted
funds
2022
Restricted
funds
2022
Total
funds
2022
Total
funds
2021
Note
Income from:
Donations and legacies
Charitable activities
Investments
679.618
7.578
21,057
32,834
712,452
7,578
21,057
613,733
1,461
17,071
Total income
708,253
32,834
741.087
632,265
Expenditure on:
Raising funds
Charitable activities
Other expenditure
62,849
678,801
84.646
3,792
27,742
1.300
66,641
606,543
85,946
52,593
449,322
69,079
Total expenditure
726,296
32.834
759.130
570.994
Net (expenditure)lincome before net
gains on investments
Net gains on investments
Net movement in funds before other
recognised gains
(18,043)
33,333
(18.043)
33,333
61,271
15,290
15,290
61,271
Other recognised gains:
Gains on revaluation of fixed assets
31,833
31,833
Net movement in funds
47,123
47,123
61,271
Reconciliation of funds:
Total funds brought forward
Net movement in funds
1,001,474
47.123
1,001.474
47.123
940,203
61.271
Total funds carried forward
1,048,597
1,048,597
1,001,474
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 16 to 25 fonn part of these financial statements.
Page 14

The Bible Society in Northern Ireland
Balance Sheet
As at 31 December 2022
2022
2021
Note
Fixed assets
Tangible assets
Investment property
12
135,576
266,666
104.480
233,333
13
402.242
337,813
Currenl assets
Stocks
Debtors
Cash at bank and in hand
14
15
3.898
16,257
636,381
4,088
40,188
623.228
656,536
667,504
Creditors.. amounts falling due within one
year
16
{10,181)
(3,843)
Net current assets
646,355
663,661
Total assets less current liabilities
1.048.597
1,001.474
Net assets excluding pension asset
1,048.597
1,001,474
Total net assets
1,048,597
1,001,474
Charity funds
Restricted funds
Unrestricted funds
17
General funds
Revaluation reserve
17
23
811.966
236.631
796,676
204,798
Total unrestricted funds
17
1,048.597
1,001,474
Total funds
1,048,597
1,001,474
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
Mr Thomas Stewart
(Chair of Trustees)
Mrs Rachel Swlft
(Treasurer)
Date..
417
The notes on pages 16 to 25 form part of these financial statements.
Page 15

The Bible Soclety in Northern Ireland
Notes to the Financlal Statements
For the Year Ended 31 December 2022
Accounting policies
1.1 Basis of preparation of financlal statements
The financial statements have been prepared in accordance wtth Accounting and Reporting by
Charities- Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102) (effective 1 January 2015) - (Charities SORP (FRS 102)).
The Bible Society in Northern Ireland meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless othemise
stated in the relevant accounting policy.
1.2 Tangible fixed assets and depreciation
A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate
that the carrying value of any fixed asset may not be recoverable. Shortfalls be￿een the carrying
value of fixed assets and their recoverable amounts are recognised as impairments. Impairment
losses are recognised in the Statement of Financial Activities incorporating Income and Expenditure
Account.
Tangible fixed assets are carried at cost or valuation. net of depreciation and any provision for
impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed
assets, less their estimated residual value, over their expected useful lives on the following bases.-
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives.
Depreciation is provided on the following bases=
Freehold property
Fixtures, fittings and equipment 10. 250A
1.3 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for
obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed
and variable overheads.
1.4 Income
All income is recognised once the charity has entitlement to the income, it is probable that the income
will be received and the amount of income receivable can be measured reliably.
1.5 Operating leases
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight
line basis over the lease temi.
1.6 Grants to United Bible Societies
Grants to the United Bible Societies are shown within Charitable Activities. These grants are made at
the discretion of the Society for specific Scripture translation and distribution projects in various
countries. The grants are recorded in the financial statements of the Society on an accruals basis as
and when the amounts have been pledged.
Page 16

The Bible Society In Northern Ireland
Notes to the Financlal Statements
For the Year Ended 31 December 2022
Accounting policies Icontinued)
1.7 Other grants
Other international grants are awarded at the discretion of the Trustees. The authority to award
grants not exceeding £12,500 has been delegated to the General Secretary. All grants are recorded
in the financial statements of the Society on an accruals basis as and when the amounts have been
agreed.
1.8 Allocation of costs
Salaries are apportioned between costs of generating voluntary income, charitable activities and
governance costs based on an estimate of the time spent by each member of staff on those
activities. Other costs are allocated to the most appropriate heading.
1.9 Pensions
The charity operates a defined contribLrtion pension scheme and the pension charge represents the
amounts payable by the charity to the fund in respect of the year.
Income from donations and legacies
Unrestricted Restricted
funds
funds
2022
2022
Total
funds
2022
Total
funds
2021
Donations including special projects
Legacies
583.398
96,220
32,834
616,232
96,220
533.460
80,273
679.618
32.834
712,452
613,733
Investment Income
Unrestricted
funds
2022
Total
funds
2022
Total
funds
2021
Income from investment propety
Interest and dividends received
19,740
1,317
19,740
1,317
15,980
1,091
21,057
21,057
17,071
Page 17

The Bible Society in Northern Ireland
Notes to the Flnancial Statements
For the Year Ended 31 December 2022
Income from charitable activities
Unrestricted
funds
2022
Total
funds
2022
Total
funds
2021
Sale of bibles
7,578
7.578
1,461
Expenditure on raising funds
Costs of raising voluntsry Income
Unrestricted Restricted
funds
funds
2022
2022
Total
funds
2022
Total
funds
2021
Salaries
Fundraising materials and postage
Advertising
43,144
19.583
122
43,144
23,375
122
33.585
18.871
137
3,792
62,849
3.792
66.641
52,593
Analysls of grants
Grants to
Institutions
2022
Total
funds
2022
Total
funds
2021
Grants to United Bible Societies
Home based projects
518.202
27.715
518,202
27.715
378,600
20,739
545,917
545,917
399,339
Page 18

The Bible Soclety in Northern Ireland
Notes to the Financial Statements
For the Year Ended 31 December 2022
Governance costs
Unrestricted Restricted
funds
funds
2022
2022
Total
funds
2022
Total
funds
2021
Salaries
Rent, rates and insurance
Audit fees
Legal and other fees
Repairs and renewals
Bank charges
Office costs
Photocopier- operating lease
Telephone
Heat and light
Sundry expenses
Depreciation
37.143
3,170
2,100
50
4,844
1,689
2,589
816
416
3.854
1,192
2,737
37,143
3.170
2.100
50
4,844
1,689
2,589
816
416
3.854
1.219
2,737
34,198
1.780
1,950
1,433
1,357
2,281
816
896
2,191
402
2,679
27
60,600
27
60,627
49,983
Charitable actlvities - other costs
Unrestricted Restricted
funds
funds
2022
2022
Total
funds
2022
Total
funds
2021
Salaries
General seCreta￿s expenses
Purchase of Bibles
Postage, printing and stationery
Computer consumables
Travel and accommodation
Website rebranding
Donor care
68,263
196
3,324
1,215
5,947
1,084
485
4,132
68,263
196
3,324
1,278
5,947
1,084
485
5,369
57,419
39
1,148
971
2,329
825
744
5,604
63
1.237
84,646
1,300
85,946
69.079
Page 19

The Bible Society in Northern Ireland
Notes to the Financial Statements
For the Year Ended 31 December 2022
Staff costs
2022
2021
Wages and salaries
148.550
121.530
148.550
121,530
The average number of persons employed by the charity during the year was as follows..
2022
No.
2021
No.
Employees
No employee received remuneration amounting to more than £60,000 in either year.
No Trustee received any payment or reimburstment of expenses.
10. Taxation
The Society is recognised as a charity by HM Revenue and Customs under reference XN46187. Its
activities are therefore exempt from taxation.
11. Auditors. remuneration
2022
2021
Fees payable to the charitys auditor for the audit of the charity's annual
accounts
2.100
1.950
Page 20

The Bible Society in Northern Ireland
Notes to the Financlal Statements
For the Year Ended 31 December 2022
12. Tangible fixed assets
Freehold Flxtures and
property
fittings
Total
Cost or valuation
At 1 January 2022
Additions
116,667
37,891
2,000
154,558
2,000
16,667
Revaluations
16,667
At 31 December 2022
133,334
39.891
173,225
Depreciation
At 1 January 2022
Charge forthe year
On revalued assets
12,833
2,333
115,166)
37,245
404
50.078
2,737
(15,166)
At 31 December 2022
37,649
37,649
Net book value
At 31 De￿rnber 2022
133,334
2,242
135.576
At 31 December 2021
103,834
646
104,480
Two thirds of the value of the property is treated as investment property, reflecting the apportioned use of
the building between charitable business and third paty rentsl.
The charity has adopted a policy of revaluation for freehold property. Had these assets been measured at
historic cost, the carrying values would have been as follows..
2022
2021
Cost
Accumulated depreciation
133.333
153,347)
133,333
(50,668)
79.986
82,665
Page 21

The Bible Society in Northem Ireland
Notes to the Financial Statements
For the Year Ended 31 December 2022
13.
Investment property
Freehold
investment
property
Valuation
At 1 January 2022
Surplus on revaluation
233,333
33,333
At 31 December 2022
266,666
The investment property was valued by Robert Wilson Estate Agents in May 2023 on an open market
value for existing use basis.
14. Stocks
2022
2021
Goods for resale
3,898
4,088
15. Debtors
2022
2021
Due within one year
Trade debtors
Other debtors
Prepayments and accrued income
20,321
4,940
11,317
19,867
16.257
40,188
16. Credltors: Amounts falling due within one year
2022
2021
other creditors
Accruals and deferred income
73
10,108
602
3,241
10,181
3.843
Page 22

The Bible Society in Northern Ireland
Notes to the Financlal Statements
For the Year Ended 31 December 2022
17. Statement of funds
Statement of funds - current year
Balance at
31
Gainsl December
(Losses
2022
Balance at 1
January
2022
Income Expenditure
Unrestricted funds
General Funds- all funds
Revaluation reserve
796,676
204,798
708.253
(726,296)
33,333
31,833
811.966
236.631
1,001,474
708,253
(726.2961
65,166
1,048,597
Restricted funds
Restricted Funds - all funds
32,834
132,834)
Total of funds
1,001,474
741,087
(759,130)
65,166
1.048,597
Statement of funds - prior year
Balance at
31
December
2021
Balance at
1 January
2021
Income Expenditure
Unrestricted funds
General Funds - all funds
Revaluation resenie
735,405
204.798
632,265
(570,994)
796,676
204,798
940.203
632,265
(570.994)
1,001,474
18. Operating lease commltments
At 31 December 2022 the charity had commitments to make future minimum lease payments under non-
cancellable operating leases as follows=
2022
2021
Later than 1 year and not later than 5 years
816
816
Page 23

The Bible Society in Northern Ireland
Notes to the Financial Statements
For the Year Ended 31 December 2022
19.
Reconciliation of net movement in funds to net cash flow from operating activities
2022
2021
Net income for the year (as per Statement of Financial Activities)
15,290
61,271
Adjustments for:
Depreciation charges
Decrease in stocks
Decreasel(increase) in debtors
Increase in creditors
Increase in fixed assets - additionslrevaluations
2,737
190
23.931
6,338
(35,333)
2.679
279
(28,848)
795
Net cash provided by operating activities
13,153
36,176
20. Analysis of cash and cash equivalents
2022
2021
Cash in hand
636,381
623,228
Total cash and cash equivalents
636,381
623,228
21. Analysis of Net Debt
At1
January
2022 Cash flows
At31
December
2022
Cash at bank and in hand
623,228
13,153
636.381
22.
Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed under FRS 102.
Page 24

The Bible Society In Northern Ireland
Notes to the Financial Statements
For the Year Ended 31 December 2022
23. Revaluatlon reserve
2022
2021
At 1 January 2022
Revaluation surplusl(deficit) during year
204,798
31,833
204,798
At 31 December 2022
236,631
204,798
Page 25