The Bible Society in Northern Ireland STATEMENT OF FINANCIAL ACTIVITIES for the financial year ended 31 De￿mber 2024 Unrestricted Funds 2024 Total Unrestn¢ted Restricted Funds Funds Funds 2024 2023 2023 Total Funds 2023 Notes Income Donalions and legacies Chantsole aciivib.es GTan15 IrorTb governments and other eo-funders Investments 600,083 600.083 563.788 30.713 594.501 4,989 4,989 5,546 29,891 29.891 24 $20 24.520 Total intom& 634.963 634.963 624.567 Expgnditur• Raising fijnds Charitable activitses Other expenditure 56,416 480.470 89,147 56,416 480,470 89,147 62.070 511,424 92,318 151 30,562 62,221 541,986 92,318 Total Expenditure 626,033 626.033 6fj5.812 30,713 6￿,525 Net Incomel{expenditurel 8,930 8,930 171.9581 171,9581 Transfers betsveen funds Net movement in funds for the financial year 8.930 8.930 171,9581 171,9581 RebonLlliatlon of fuiKts- Total tunds beginning of the year 976.639 976,639 1.048.597 1.048.597 Total funds at the end of the year 985,569 985,569 976,639 976.639 The Statement of Finanual Activitses Includes all gains and losses recognised in the finanryal year. All incDmg And ￿X￿ndIt￿re relate lo o)ntinuino athvities. The notes on page5 15 to 21 fi)rm part of Ihe firkaniyal 51alemen15 12 The Blble Society in Northern Ireland BALANCE SHEET as at 31 Decombèr 2024 2024 2023 FIx8d A¥sets Tanglbl8 397242 4LTr).452 Cuir•nt Asset8 Slocks Dabtors Cash 81 bart and in hand 10 11 12 900 15,381 $76.121 4,106 18,129 563,038 592.402 585.273 Cr￿￿Or&. Amounts falung du• wlthSn one y•ar 13 14,0751 19,0861 N•t Curront As8•ts 588,327 576,187 Total Ai¥•ts1osB Cuff•nt Uabllltles 985,569 978.839 Funds Designated funds Iunreslriraedl G8n8r81 fvnd lunrestrktedl 236,631 748.938 236,631 740,008 Totsl fut7ds 16 985,569 978,639 the Board of Tru8t••s and authorfsad for Issuo on 2 Juty 2025 and 81gn•d on Its b•half by Mr Trustaa Ilr John si•wan Trust The Mle5 F*go$ 15 10 21 f(rfm ofts sla8rnwts 13 The Bible Society in Northern Ireland STATEMENT OF CASH FLOWS for the financtal year ended 31 De￿mber 2024 2024 2023 Notes Cash flows from operating actlvttles Net movement In funds Adjustments for. Depreciation Interest receivable and Similar income 8.930 171.9581 3,584 18,7321 3.639 15.1611 3,782 173,4801 Movements in Wofking caprtal". Movement in stocks Movement in ttebloTS Movemènt in creditors 3,206 2,748 {5.0111 14. 1061 118.1291 9.086 Cash generated fromllused in} operations 4,725 1136.6291 Cash flows from investing activitios Interest re￿iVed Payments lo acquire tangible asset5 ,732 {374) 5,161 11,8491 Net cash generated from inveslrnenl a￿1VitieS 8.358 3.312 Nèt increaselldecrgas&l in cAsh and cash Èquivalonts Cash and cash equivalgnts at the beginning ofthe ygar 13,083 563,038 183.3171 646.355 Cash and cash equivalents at the end of the year 12 576,121 563,038 14 The Bible Society in Northern Ireland NOTES TO THE FINANCIAL STATEMENTS for the financial year end￿ 31 De￿mber 2024 GENERAL INFORMATION The Bible Society in Northem IrelarKJ is a charTty incorporated in Northem Iteland. The registered Offi￿ of the charity Is which is also Ihe prinopal pl￿ ol business of the charity The financial slalemenls have been presented in Pound 1£> whKh is also the fun￿lOn21 cU￿encY ol the charity. SUMh7AR Y OF SIGNIFICANT ACCOUNTING POLICIES The fcdlowing accounting poliaes have been applied consistentsy in dealing with items which are conSide￿d material in relatson to the tharity'5 financial statements. 8asl* of prèparation The financial statements have been prepared on the going cOn￿M basis under the historical cost convent'on. modified to include ￿rtain ttems at fair valuc. The financial statements have been prepared in a¢wrdan¢e with the Slalemenl ol Recommended practi￿ ISORPI "Accountsng and Reporting by Charities preparing their acGounts in aGG0rdan￿ wilh the Finanaal Reportyng Stsndarrj applicable in the UK and Republic ol Ireland FRS 102" As perniitted by the Companies Act 2￿6. Ihe chanty has varied the stsndanl foThnats in that act for the Slalemenl ol Financial Activiks and the Balan￿ Sheet. Departures from the standard formats are lo comply with the requirernents of the Chan￿"e5 SORP and are In Complian￿ with sèction 4 7. 10 6 and 15 2 of that SORP ststement of compliance Th8 financial statements of the charity for the financial year endcd 31 Dcwmbcr 2024 havc bccn prcparcd on the going concem basis and in ac£0(dan￿ wrth the Statement of Recommended Practi￿ ISORPI "Accounb'ng and Reporting by Charth"es Preparing their accounts in accordance with tlie FirFanGial Reporting Slandaid applicable in the UK and Republic of IrelaTrJ FRS 102.. Fund accounting The following are the categorie5 of fvnds maintained". Restri¢t?d funds Reslncted funds represent income received which can only be used fDr part￿lar purrK)ses. as specified by the donoT5 Such purposes are within the overall objeth'ves of the chanty. Unrgstricted fund5 Unrc4ltrictcd fttnd5 Consist of GotKral and Deoignated fund3. - Geneial funds r8piBsent amounis wh¥Gh dl¥ ¥xwNJ¢*iJlE Èil Vi¢ ol the boaffl. in furtheran￿ of the objectives of the charity. - DesignaEed tynds comprlse unresm.aed fvnos that tne boaro has. at rts (Jiscretyon. set aS￿e for parbcular purposes These designations have an admini5trab.ve purpose only. and do not legally restrict the board's discrel￿n to apply the fund. Income Income is recognised by tnclusion in the Statamont of Financial Aciivitias o￿lY wh8n the charity 1$ legally enltued lo the income. perforrna[7￿ condib.ons attached to the Ilemlsl of income have been met. the amounts involved can be measured with 8ufficient ￿liability and it Is probab￿ that the incorne will be received by the charity Income from charitsble aclivilies Income trom charitable activities IncIL￿e InCc￿e eamed ftThn the supply of services under contractual arrangements and from perf0mlan￿ related grants which have Cond￿.0nS Ihal specify the provision of particular setw1￿5 lo be provided by the charity Income froffl government arKJ other cTrfvnders is recognis&* when the charity is legally enlitted lo the income because il is fvjlfilling the condibons contained in the related funding agreements Where a grant Is rece(ved In advance. its recognib.on is deferr￿ and incjuded in rrpdilors WherFa. g.ntrtlgment cmirs ￿fOre ineome is r￿1ved. Il is accru•Y in debtors. Grants from govemments and other eo lunders typically includc onc of thc following types of conditions." PerfomanGe based conditions". whereby the charity is contractually enbtled to fuiidii)g ulily lu ilie ¥xteiFt tti¢aL the core objeth'ves of the grant ag￿e[￿ent are achieved ￿ere the charity Is meeting the core objecb've5 of a grant agreement, rt reccxjnises the relate(J expen(Jiture. to Ihe exteni that li Is reimDursaDie Dy tne (Jonor. as income. 15 continued The Bible Society in Northern Ireland NOTES TO THE FINANCIAL STATEMENTS ft)r the finanual year ended 31 D￿rnber 2024 -rime based condib"ons'. whereby the chanty is contractualty entslled to hjnding on the condition that it is utilised In a particular Feriod. In these cases the charty recognises the income lo the extent il is ub'lised wlhin the penod speafied in the agreement. In the absen￿ of such conditions. assuming that r￿1p1 is probable and the amount can be reliably measured. grant income is recogni5ed onee the chanty is nob.fied ol enb"Ilement. Grants re¢eiv&l towards c3pilal expenditure are credited to the Statement of Finanoal Actiwties when re￿iVed or retsivable. whichever is ea￿ler Expenditure Expenditure ig analysed betwéell eosts of charilable activits.es 2nd raisin9 ftjnds Tho Costs of 8ach activrty ala separately accumulated and disclosed. and analysed according lo their major components. Expenditure is rgcognised when a legal or con*tru¢tive obligaknon exi- -ts as a result of a pa￿1 cvont, a transfer of economic benefits is required in sethement and the amount of the obligation can be reliably measured. Support costs are those hjnclions that assist the wod( of the chatity bul Gannot attributed lo one activity. Such costs are allocated to activitres in propo￿"On to staff ty.me spent or other suitable measure for each acb.vity Grants to United Bible Societies Grants lo the United Bibles Societses are shown within Charitable Acb"vitres. These grants are made at the discretion of the Soaety for specific Scripture translabon and dislrFbubon projects in various countries The grants are recorded in ihe finanaal statements of the Swety on an acuuals basis as and when the amounts have hgp.n plÈxtgpd Tangible fixed asset¥ and depreciation Tangible fixed assets are slated at cost or at valuation, less accumulated depreei21ion. The charge to LleyieLldliuri LdlLuldlEd lu wiite vff Ilig uiFgiri