REGISTERED COMPANY IYUMBER: 1111136726 {England and Wgles) REGISTLRLD CHARITY NUMBER: 216647 OSCR NUMBER: SC1146860 Report of the Trustees and Financial Ststemenls for the Year Ended 31st August 2025 for Internation*1 Bible Students Amociation
International Bible Students Association Contents of the Annval Report for the Yegr Ended 31st AgUtsI 2025 Page RepDrt of the Trustees I to 10 Report of the Independent Alldllors Statement of Fina£]%1 ActiTritie5 15 Balanet Sheet 16 C•sh Flow Statement 17 otss to the FIDaneial Ststements 18 10 27
International Bibl¢ Students Asso¢iation Report of the Trustee5 ror the Year Ended 31st August 2025 The trustccs who are also directors of ihe charity for the PUTPOS¢S of ihe Compani¢s Act 2006, present their repott with the financial statements of the Chariiy for Ihe year ellded 3151 August 2025: which have been pr¢paTed accordall¢e with ihe ¢hari¢y goveming dv¢uTn¢nl ab r¢f¢rtn¢¢d pa8e 6. The Iruslees have adthpted ihe provi&ions tsl. Acctsunling and Reporljng by Charitie5.' Sial¢menl of Recotnmended Praciice applicable t(k charities preparing their atcount8 In ac¢ordan¢e with the ]"'inancial Reportin8 Standard xpplicable in Ihe IJK and Republic of Ireland IFRS 1021 leffe¢iiv¢ I janary 20191. This r¢pon includes the Directors Report as required by eojnpany law. OBJECTIVES AND ACTIVITIES ObJ¢ellv¢s lhd aim$ The object of thc Association is to pr4)mote the Christian Ieligion as pradi¢ed by the blY of Christian pe150ns known as Jehovdh's Witn¢ss¢s. Thi$ has b¢¢n achieved by: l. Providing 5eTvir¢d facilities to suppori reli8ivu$ a¢iivily. 2. Atranging and Providing vcnuc5 to host conventions for Bible educ&iion. 3. Financially assistlllg Itgal entities with similar aims and vbjectives. both forei8n ond domestic. 4. Paying exttnses for and iakin¥ care of living arrangements for Inembers of the Worldwide Order of Special l-.ull-Timt Setvxnis ot'Jehovah's Wilne55es (the Order}. Ongoing support of the activity of Jehovah's Witnesses -ithoUt intcrruption, is a mor¢ bigtLifiLani ¢riierion for the Association than a statistical asseb5rnent of p¢rfoiman¢e. In ihe ar¢a of conventions. however, attendance ligurts Can be con5idcred to assess the impact of the Association'5 activities. Signif1¢911t getiwities Thc As-si)ciation's aim, 10 f2ciliiai¢ ihc okgoing aLlivitics of Jchovah's Withcsses. iemains ihe sam¢ ¢a¢h y¢ar. Therelore. Ihe $hott- and l()ng-nn objectives are synonymous wilh each other. SpeLifiL Lurren¢ acliviiies aTe deseribed in the following paragraphs. The A550ciation continued to Prnvide faeilitlC5. cn#bling reli¥ious setvi¢e and the preparaiion of Bible-based information in various languages. The Association continued to proNide SUPPDrt ftrr members ot. the Order in vaTiOUS forms. su¢h as food a¢ccrnmodation, and modest allowan¢e8. This suppon allowed them to continue in their full-time religious servic¢. FaLi]ilie5 were arrdnged and hired lo Cnable laTge Ltsnveniions to b¢ held aeross the country. In additivn tts th¢ ieguldr venue5 scheduled for 2025. the As50cialson secuie(J a venu¢ fvr a spe¢ial convention in Glasgow. Thi5 event attr3Cted over 9,¢100 local attendees and 3,000 international delegates, significantly btncfiiirtg Ihe local economy. The Glasgow Convcniion Bureau ¢siimale$ th¢ ¢onveni1o g¢neraled approximaiely £1 1,347.500, providin¥ a 8ubsianlial b005t to resiauranis, holels. and small busine8ses. Donations were made io assist ¢harities with similar aims whue there ivas a greater need.
International Bible Students Association Report of the Trustees for tbe Year Ended 315t August 2025 OBJECTIVES AND ACTIVITIES Publie benefit In addition lo being a Icgal cnlily. thc trustccb ¢onfirn) that they have thken into consideration Charity Commission guidance on public bcncfit in exercising iheir power8 and dulie5. This is amply demonstrated in this report and in parlicular Ihe following.. l. Tht ttattslated Bible.based matenal and vidtos arc m8de 8v%ilablc to the pbI]e free of charge. Alihough the Associatiot) does noi produce or di.%trlbte this material, it fatililate% it8 production. It 15 a150 iloteworthy that the literniure is provided in the moiher tongue of individtsals, even if their language is not widely used. These lan8uage5 in¢lude British Sign Lan8ua8e, Welsh and Scotlish Gaelic. 2. Conventi4)ns for Bible educalion, are open to the public. Admission 15 free. 3. Through fa¢iliLlting the activtiy of Jehovah's Wiine$.%es in gcncrdl, Ihrollgh propcrty purchase and ownership as well &$ taking ¢are of members of the OiikT. This allows for charitsble, religious activity to Lontinue, brin¥in¥ benefits. 10 those who are invol%'ed. 4. TOUTS of its facilitics which are available to the public. free of charge. Through th¢ ongoing support of thes¢ a¢livities. rhe A550ciation enables many ]j]Vidual$ lo re¢eive ongoing and education and practical assistance. Social Inve$tments The AssLKiation cla55ifics it5 slat invcstments as progr8mrnc Telaied. The investm¢ni is to fvrther charitable aims. and any flnancial return is inci(kntal. The invesiment is held at Cost less impdirnieni ab fair vMlu¢ cannot b¢ m¢asured reliably. Donalion5 aRd aid Thcse donation.% are not.senr for specific projects, nor do they havc 51rict conditiODS at¢a¢hcd rcgarding how or whcn they should be sp¢ni. The donarions can be used to support the generdl activities alld operatin&i expen& of olhei legal enlilies which share similar aims and obje¢iives ro lh¢ Association. The Asso¢iaiion ai limes sends funds to Watch Tower Bit>le and Tract Society of Britain IWTBTSBI. a charity wilh similar aims and experience in distributing funds around the world to where needg exist. The A.%sociation first asccrtains whether LUTrcni fund5 held are sutTicient for thc UPLoming needs of ihe Associaiion's ordit)ary activities. If these needs Lyll be met. the Association would prefer to send the funds. on tu where they can b¢ used imm¢diat¢ly. This PresS is ¢a]Tied out in line wiib the Association's reserves policy. All donations madc advancc the activity of Jehovah's Witncssc5 in many counlries, assisting wilh lituature need$. di8astcr relief. the building of places of wi)rshtp and othcr rcquiremcnt8 of cooperatin¥ l¢¥al ¢niilies which sup Ihe aclivity of Jehovah's Withes$¢s. Donors ar¢ made awore of the worldwide Trat of the aciivities of Jehovah, With¢ss¢s. Mtmber$ of the Ordtr The Association is ofien assisted by religious ministers who are members of the Ordcr. These individuals are ntsi ¢ompensated financially or ill-kind for their effons and are not employed. Ea¢h member is provided with mode51 ytt dppfopTiate suppofl. such fooil. sh¢lier, an(J oiher babi¢ ne¢¢bsilies so rhat they ar¢ able io carry oui any task which they aT¢ assigned by the OrdeT as part of theii. sacred Eervic¢ AIthoLigh such ()nt& du al Iimcs help the Association. for it)stan¢e. by assisling with facility mainlenance. their service involves many other &s$ignmcnts as wcll, not conncctcd to tbe AssiKialion. Mcmkr5 perforni whatcvcr the Ordei assigns rhem io do ith support of th¢ activities of Jchovah's Witnesses. Other Jehovah's Witnesses who are not member5 of the Order, also frcely PTnvide th¢ir time and resour¢¢s lo assist when needed.
International Bible Students Association Report of the Trustees for the Year Ended 3151 AUgst 2025 SI'1141'EGIC REPORT A¢biev¢ments #nd peTforu)#nfe CherStoble ittliitles Provision of scrviccd facilitics Throu8haut the y¢ar, the Association has allowed mernber5 of the Order Ènd religious volunteeTS frcc use of its buildings, equipment. rornputers. and internei service. The buildings include olliccs, maintenance spaces. kitchen I dining und rccreation areas. All of thi.% has allowed ih¢m to ¢arry out their religious seJvi¢e and to assisi in Ihc actitIeS of Jehovah's Witnesses. Mernbers of the public had the opportunity to visit Ihe lacilities at Chelmsford, with numerou5 lour5 condu¢t¢d throughout the year. During the y¢ar the Ass(Kiaiion welcomed more than 28,000 visitor5 fron) morc than 100 differcni Countries, which 15 COll515t¢nl with vi511or AUberS during 2024. A seLO]]dary exhibit entitled 'Our Heritsge-The Hi¥lury vfJehovah's Wilne55es in Britain and Ireland" was opened lo Yisilors during Ihe year. This new exhibii focuses on the 140-year hislory ofilie wurk lo protnole the Christian rcligton as pracliced by Jeh(Fvah's Witnesses in Britain and Ireland. The Asso¢iation owns and mairtrains five Assembly Halls uscd by Jchovah's Wilness¢s facilitating large gatherings throughoui Ihc year. Additionally. thc Surrey laciliiy coniinues to hu5t Biblr ¢dd(LOnl ¢lasses. held by Jehovah'8 Witnesses. averaging 5 cla55¢b annually. During ihe yvdr, 'ork was ¢ompleted to provide a classroom at ihe East Pennin¢ Assembly Hall, which successl]Y hosted one Bible educational class. Due to thi8, the capacity for Bible educational classeb bas increased. enabling more individuals to benefjt from this training. rovision of faeiliti rtthe ra ucti n of Bible-bascd literatu Th¢ Association ¢vnlinu¢(I lo suppun the fa¢ilily in Burton-on-Treni for Brili$h Si¥n Lkm8ua8e tran51atiun ar)d residenLes lor ni¢mb¢T% of the Ord¢T 5¢1Vln8 th¢Te. In other locations, malcrial wa5 translatcd into more language%. including Wclsh and Scoiiish Gaeli¢. Bible-based audio and Yideo programs ivcrc also carricd out thToughL)ui rhe year in the Association's properties. During the year work continued on rhe renovation of a translation office in W#l¢s which olyers irnproved facilitie5 for th¢ volunteets working on the translation of Bible literdlure and media inl0 the Welsh language. Cth)vention% for Bible edu¢aiion Peak aiiend4nces of ipprox]ll1¢lY 144.11712024.. IJ3.0001 aeross 36 (2024.. 36) separjie ¢venls were a very plea5iTtg iebull. Financiallv as81Stin al ¢ntities of Jehovah's Witnesses During the pasr year £12 million 12024. £33.8 tnillionl was donated io WTBTSB for use in tli¢ii charitabl¢ a¢iivities. whicli are similar io those Lif the Trust. The tnLStees carefully lonsid¢d how to use ihe5e furJds In furtherance ot- the Associaiion's charitable aims. wfBTSB was chosen a5 tlTre Tnajn retipient bccausc of its experience in disrribuiing fvnds around th¢ world wh¢ Ihcr¢ 1$ # n¢¢d. It also has similar chariiable obJ¢¢tive8 io the Association. Assistan¢e has also been provided by allowing 8ome of these legal eTLlities wilh similar aims and objective5 tu occupy and operaie fr¢e of charge in properties owned by IBSA overseas. The A550cixlion conlinu¢s to hold a prograrnme related social iTrvc51Tnenl ab show'n iTJ TJol¢ I I lo the fu)ancial staietnents. Thc inve5tmcnt furth¢rs th¢ charitablc aims of the A5socialion, by a5S1Sting Jchovah'5 Wilnc55e5 around th¢ world in finding places to mect and ¢arry ot thcir worship. There are no concems regarding the SOGial, tnvironmcnial or etliical nalure ol the inveslmeni. as it dire¢tly as515ls witb charitable activity. The trustees are pleastd with the results achi¢ved.
International Bible Studejjts Association Report of the Truslces the Yexr EDd¢d 31st Allgust 2025 Carin tor Memb¢ts of the Order During the year. modest yet appropriate buppotl was PTovided to uver 1,000 rnctnbeTr {2024." over I.10 rnen]bersl of the Order. in harmony with th¢ ainLS and {)JeCtIveS ol the Asso¢i3tim). Ihroughoul the United Kingdom. This enabled them ID devote themselves fully tn iheir $a¢red service, and carry out their assignmenls from Ihe Ordcr durittg the ycar. Th¢s¢ ones are noi ¢mployed by (he Asgociaiion. They do, howevcr, at times as51St with the Association's a¢tivili¢.%, and any otlier servi¢¢ Ihty catry oul 15 in line with the Association's aims and objectives. Fundraising aetlvitiei We do not enga8e in hndraisEng activities. I%,estment performan¢¢ The trustees are saii$fie(t with Ihe suItS for the year. taking into acLounl interest rate5 generally. Internal toTrlrols Thcs¢ ¢ontrols ensure ihal Ihc monthly financial repons accurately r¢pr¢senl all trdnsactions. provide reasonable assurance ihai finanLes arc being used for iheir ini¢nded purtKTrs¢ and verify ihat proper ¢ontwls and PTwedures llre in place and adhered lo. so thai ihe fJgur¢s are r¢¢orded a¢¢urately and accounts are in balance. 172(1) 5t4¢em¢nt The board of 1rn8tees takc inio a¢¢ount the likely consequence< of long-ierm decisions: build r¢laiionships wilh stakeholders- under8land the ITn>rtance of engaging with our volunteers- understsnd the impaci of our Operatio nn the conununities wiihin which we operate. and attribute inwrrance to behdVln8 4s a r¢sponsibl¢ organi.qaiion. Th¢ i*)ard L)f trustecs consider. both individually and together, thai Ihrough their $tniegi¢ plannirjg and decisivn makin& that they have acied in the way they considcr, in good faith, would bc must likcly to proTllQtc thc succc5s of the charity for the bellefil of its Stakeholders as a whole (having rcgard to ihe siakeholders and matters set out in s17211 Ila-fj ofthe Aci} in the decisions taken during the year ended 31 August 2025. Throughnut th¢ Irusiee's report ¢xaTnples are given where Ihe Iruslees continue lo exereise their dulies with regard to n)atters rel&ied 10 Seciion 172. For instJnce. in the public benefit 8ection, the trustees confirm that they have roken into regard the imp4ci of the ¢hariry'S operaiions on the community. As the ljoard of Iruslees, our intenlion is to behave responsibly and ensure that management operaie ihe ¢hgrity in a responsible manner. operating within tlie hi8h standards of business conduct and good È03'eTnance expecled for a chariiy such a5 ours. and in doing $0. will Contribute ¢0 ihe delivery of our obJe¢iives and aims. Flnanci#l positlon The A5wciation showed a surylu5 of approximalely £3.8 n]illion on the Sialenienl of Trinancial Aelivhties {SOFA) ai 3 1 August 2025. Net As5els ai the end ()f th¢ yeai stOLid at approximately £164.6 Jnillion. The vast majoriry of this is made up of iangible rjxed assets with a net i%)ok value of nearly £156.8 million (we do noi belt¢v¢ Ihis would b¢ significanily differenl from net reallble value). I'his demonstrates that Ihe Association is coniinuing io ulilise ils resources efletiively. Prln¢ipg1 fundlllg sources The Association is funded by voluntary donations and legacies. This income supp()ned the Associdlion in achieving its key obj¢rtiv¢s during the year. This includ¢d Supporting members ol ihe Onjer al cating for fitcilities as de5CTibed in this report. Reserve5 policy Th¢ As50Lialion's pvlicy is Iv hold approxiTll<il¢ly Iwv munihs Of vperalivnal re¥¢rves as frcc reserves. covcring all activities excepl dOtIonS 4ind aid. This arnLTrunls Iv a range of£3-£4 Tnillion. Currently Ihc charity has a net a.4%ei TM)8ition of £164.6 million which includes a cornbined fJ8ure for fixed asscts and social InvtmentS of £1 57.8 million leaving frcc reservc5 al 16.8 million. Thc nct as5d figurc is slated after deducting £2.9 million r¢laiing lo a eonLtssionary loan from a charity in Autslralia. The Trustees are confjdent that thi8 loan will not be called immediaiely dnd, Iherefolr. have Iluded tlii5 as a long ierni loan which Jneans th¢ charity has nei ¢urrenl assets sut'ficient to cover it5 short terni needs. As ihe charity would receive nolice io pay, it would have lime to adju$l lis cash flow io mainiain two months expenditure in reserves. All funds ar¢ unrestricttd.
International Bible Student5 A$soci4tion Report of the Trustees for the YeAr Ended 31st AgUSt 2025 STRATEGIC REPORT Flnan¢l#l revieyrf Golng eoncern The Iruslces reglilariy motti14)r the finantial p()8ition of the clwiiy and at this time have no significant concerns re8ardiThg the going ¢on¢ern staius of the Aswiaiion. Printip#l ri5k5 aDd uncertaintie5 The major ri%k5 to which the Association is exposed have becn formally T¢viewed. witb particular focus on evet)t$ that would seriously impede the operniions of the Association. Strategic safeguards are in place to Teduce. as far a5 Possible, the impacl ol'ihose risks. The risk regisier w8s updal¢d most recently in July 2025. The A$so¥iation has limited eKPO5u lo price risk, ¢redtt risk, liquidity risk and cash flow risk, due to the Daiure of its Charitable aclivities. While the charity 15 reliant on don3ti0ns, IheTe 1$ no eurrent reason to see that thc5c would curtail io thc cxtent that this would change the viabiltty of thc charity. The Lharity holds rtyserv¢s in ¢cordanCe with ils rese]ves policy and should this change, the ¢h8rity is in such a p05ilion ihat this would initially be adthess¢d by nol rnaking donations l(> oiher ¢hdrili¢s with similar yims i?rby CiLllin¥ back on activkties. The prineipal risk8 atld uncertainties ale in the followin8 areas.. Health and safety. IT disaster recovery and planning, laek t)f buildirtg Fabrit mainttnancc. Health llnd Safety Caring for sizeable facilities and a large group of individuals brings with it the ri$k$ of accidet)ts either in Serviced facilities or accommodarion. This risk is mitigated by a rigtsrou5 healtb and safety rouiin¢. Exp¢rts in this area give advice and directivn as tts help io achieve prJLlic¢b. Individua15 ar¢ tTained in th¢ prvceduteb they should undertake, and how they should carry tyut theiT tasks in the Safest Inanner. Docum¢ntalion is pioYid¢d as part uf their training. IT disastcr Thxovery and planning The systems used to aehi¢ve ihe aims of th¢ Associatton are completely Teliant on IT $ervi¢es. The poleniial for sucli services io b¢ damaged or impeded in some way is a serious risk to the operations of the As50cJation. This risk is mitigated by extreTnely detajled IT backup prorEdure&. Oftsitc backups are carried out regularty, with s¢nsiiive data bcing backed up more frequently. Should a ph)'5ical seryer IK losr, remote servers kept off-site can lake over and ensure the coniinued running of operat10115. In the unlikely event that the network gocs dowTU a strong, robus1 infras'tsucture allows fLlI operations lo continue unintemipted. Lack of bvilding fabric niaintenance Rc¥ular rcpair and maintenance pr4)grammcs are carried out to a high standard. Experts in relevant ar¢as give trainin¥ and monitor these areas carefiilly. Ongoing training and documcnlation is prvvided based appropriate srandards and followed by ihose who hav¢ th¢ responsibility for caring for the butldings. Future plans Continuiiig io support indiiriduals as members of the Ord¢r, helps them to eontinlle their sacred religious seryice. They will also hav¢ a beneficial impact ift the wider communiiies wh¢r¢ th¢y worship and conduct theu public minisiry. The Association remains LL)mmitted to fdcililating the translalion and audivlvid¢o production of Biblc-based Tnaterial. constctIon work continues on residences for members of ihe Otder 85¥15ting #t thc rranslation fa¢iliiies in Wale5. with an anticipated completion date in 2026. In additivn to Ihe re¥ular Lonventi(Trn venues arranged for 2025. lh¢ Asso¢iati()n has DOW assum¢d re8ponstbilily for the cosi of aangIng and hiring venues for assejnblies, si8nificanlly incr¢a5iny ihc nutnb¢r ol. venue$ Secured throu8liout the year. Tliis eeniralizarton has reduced Ihe administrative burden borne by thikse invnlvcd pteviously. whilsi still ¢nabling Biblc cducalion to ¥ broad audicn¢e.
International Bible Students Asso¢ixtion Report of the Trustees for the Year Ended 315t August 2Q25 STRucfuRL, GOVERD4LNCE AND MANAGEMENT Governing documtnt The charity was incoryx)raied on 3(hh June 1914 and is gowcmcd by thc Mcmorandum and ATlicles of AsSlaTion of that dale a8 amended by Bpccial rc501ulion$ nn 20th April 1951, 1(hh January 1958, 28ih November 2005, 4th January 2006. 201h February 2014, and 13th April 2016. Organisational structure The charity is eon51imied as a company limited by guarantee. Policy de¢isions are made by the TrL]Stces. Members Liability Each wnembcT of the charitabl¢ company utadertak¢s tu conlribule to the assets vf the charitable cornpany in the event of il being wound up while ih¢y ai¢ a meTnbcr, or wiihin one yEar after they cease to be a member, such amounts as may be lequid. noi exceeding £ID. lor the debts and liabilities contracted before they ee&s¢d Iv b¢ a mcmbcr. Recruitment, gppointment, induction and training of new trustees The trustees of ihe Associalion ,hO held office during lh¢ year. and at Ihe date of this report, are sei oui below. These mist¢e$ havc key roles at the charity's headquarters. They meet together each month and are in regular contact from day to day. The trustees have the power lo 4ppoirti or remove tru51ces by a.%irnplc majority vote. The recruitmenl and induction of new trustees is arranged as follows. When n¢ce55ary. the twst¢es review potential ¢andidates, on the basis set out in the Articles of AssocRatiOJL. Tbeir abÈliltes and qualifications are evaluated by th¢ trustccs. New irnsiee$ are giv¢n trainin8 in both opcrational and financial niatiers with the aid of the ¢xistIAÈ trnsiees and relevanl do¢unKntAtion and guidance provided by th¢ Charity Commission. Wlder Network Lc8al etttJti¢s wilh sirnilar airn5 and objectives exist many ¢ouniries amund the world. Cooperation wilh these legal entities fa¢ililale5 an efficicnt and econo11¢ v%¢ of rtsources. This helps the A550ciaiion lo meel its slated ain and objccttvcs. The Association also ¢oop¢raies wrth Such legal entities in the United Kingdom. Thi5 cooperatton could be in the fomi of shared lacililies, or donaiions depending on the circumslanees. The Association reviews policies. procedure.% and guidclincs used by legal entities of Jehovah'$ Witnesses globally with siinilar aims atyj objcctivcs and. whcrc applicable. seeks to tmplemenl them. BusAness relatlfrnshlps The board of trustees recognise Ihe im]xJftance of lis stak¢holder ielationships attd the role that suppliers play in ¢nabling the charity lo deliver its objcclives for ihe wider publi¢ and ¢onimunity benefit. We engag¢ regularly with i)ur 8uppliers io review perfortnance. plan dcvelopmcnls &nd kccp up lo date with pro¥re5S and inntsvation in their areas of ¢xpenis¢ REFF.RENCL ATr*D ADMINISTRATIVE DETAILS Reglstered Compgnv number 1)0136726 (England and Wales) Registered Chgrlty number 216647 Regi5t¢r¢d offlce l Kingdom Way Wesl Hanningfield Chclmsloid CM2 8FW
International Bible Students AssocRatio Report of the Trustees for the Yt#r Ended Jl$l Augu$t 2025 Trustees J Manley K SnJiih S C H Symonds M Siinp50n A Sutton P Norton {appoinied 1.6.251 S Sylvester lappointed 1.6.251 Auditor5 Rickard Lu¢kiti Limiied I st Floor, County Hous*. Nem. London Ruad Chelmsfoid Essex CM2 ORG Bankers Barclays Chariiies Teum. Level 12 I Churchill Place IA)ndon E14 5HP
InterDJtional Bible Sludents A550ciation Report of the Trustees ror th¢ Yc•r Endcd 31st August 2025 STREAMLINED ENERGY AND CARBOLY RiPORTIPiG Current reporting ye*r CoTnpdnson rcporting year 2024k2025 2023-2024 kwh tC02e kwh tC02e uaniily ofencrgy conqumed re.%ulting fmm activiiie or which the A%sociation is $ nsible i8%ion.% troni combStin of gas (Scope I I Emissions from ¢ombusrion or ruel for irdnspor( urposes (Scope I11standaid dies¢ll nii&sions trom conibustion of fuel for transport ury>ose5 {Scope I I Ired diesel) Ln)issions from purchascd clcctrieity (Scope 21 utal ss tC02¢ based on abov¢ 10.405,593 9.906.918 1.177 1,083 77 638 1.902 756 1.916 IDteDsity rAtIo: Tjie ittiensily [n¢a5111fnI uf iC02¢lM2 has b¢¢n ¥¢lEcled a$ Ihe v¥sl m#jvrity ofihis consumption was from activity ¢onne¢icd with its rcgi%tcrcd Olre and neighbouTing propcrties in Chelmsford. 2025 0 0260 2024 0.0221 C02elM2 M¢thodoloRY: Thi5 report has bcen prepared in line with the Departnient for Busine55. Energy & Industrial Sirategy (IIEISI Mar¢h 2019'Environrnental Reporting Guideline$.- Including streamlined energy and carbon rcporting guidance,. Th¢ ¢ath)n figures have been calculaled ubing ihL BEIS 2025 and 2024 ¢aTbon CQDverston factors for all fuels. other Ihan ihe rnarkel-based ¢le¢(ricity which has been taken from uliliiy bills. Emis.%inns are reported as metric lonn¢s of carbon dioxide equivaleni. We have takcn an opcraiional control appmach. mcanin8 IhA¢ lo19 of emtSSiL)ns from operations over which the A55ucialion opeTQEional control have been reported. Ener Effiriencv Action Taken: The complex of i¢sid¢n¢es, offic¢s and produciion buildings at th¢ Chelmsford sile were designed and built tu il high srandard of energy ¢rri¢i¢nLy inLluJing.' high l¢vels vf wall and rwf insulalion, triple glazed windows in residence buildings, iumbin¢d heal and power unils. rondensing ga5 builers. photuvuliail panels lo ¥enerale on-sile electricity. minc>r distTlCI heating ¢ircuit$. LF.D lighting with auiom2ti¢ PTR presenec dclcction and daylight eonirul. and rdinwalcr harvesling. Systenis are conlrtslled by a silc-widc Building Managemcni Sy.%tem, with energy c(Trnsumption monitorcd. OUT in-house EneTgy Teain consislenily monitors OUT energy managemeni ihroughoui all of prop¢rti¢s, resultin8 in ongoing efficiency improvement tliat reduces our carbon footpiii)t. Several Elertnc VehJLles ale used at tht Chelmsford The study to consider increasin8 the nu]nber of solar photo-voltaic pane15 alon¥ with baiiery siorage to in¢rease the on-site eleetricity generatiot) has be¢n underrak¢n. bul the cosin>enefit analy515 doe5 not wartani the Ass0¢iaiion implemeniing ihe $ugg¢siions. The PV sysl¢rn alrcady inst&llcd on 8lte has gcneratcd $avin&s, by reducing thc nced lo draw off the Naiional Gtid, and ha$ now paid f¢)r the original insiallaiion- a five-year payback. The As$o¢iaiion ensures that lis la¢ilili¢S are used in a sustainable manner. This includes niethod5 ttTr rethice the for sing]e-us¢ plastic% aild trther non.r¢cyrlable waste. A ftw key eKampl¢s Jr¢ as follows..
International Bible Studen¢s As50¢iation Report of the Trustees for tht YeAr EDded 31st August 2025 Plastic.. Us¢r5 arc cncourdged to vse their own r¢vsable shopping bags whcn collecting food supplies. Plastic bags Are not provided. As far &8 p()s$ible produci$ $iippliixl are sourced from 5upplieE¥ thal du nol provid¢ iheir goiy]s in pl)sti¢ packaging. Cleaning Supplies.. The cleanÉng products u$ed at the facilities )re available 10 decant from larger reservoir contsineTS. This greatly reduces the alnount of domestic cleaning produ¢ts used that would otherwÈse come in plasii¢ bottles. Recycling Waste Str¢ams.' All ihe availablc recyclin8 wastc btrcams provided by the IIKal ¢oun¢il are $¢1 up at variou5 collcction poitits aTound our ill. Addcd io that, extrd wa%te stream lines such a5 cleclrical goods, lighibulbs. batteri. cheJnica1510ils and tyr¢b hllve als() been provided. These streams are collected by various priva1¢ T¢LyLling ¢umpani¢s. Fvrther lo that a waste 8tse31n for recycling bubble wrap polystyrene was sel up 10 allow tlieqe io be reused within the facility whell needed. Communal Drinks Ma¢hine'. Paper ¢ups. rather than plastic. are available at vend?ng machines. Us¢rs are encouraged to U5¢ their own cup at th¢ aehines to furtlier reduce the need to use single-use paper cups. The Irustees are pleased with these cxamplts of extremely positive environmental pcrfomkngncc. STATEMF.YT OF TRUSTEES, RESPO.NSIBILITIES The iniees (who dre alsv Iht dire¥iors of InlLmational Bible Students Associativn fvi the pu$¢$ of ¢L)mpany lawl are r¢spuns1Tr1¢ for pr¢parillg ihe RepoTI of the Trusie¢b and ihe fitwicial sialements in accnTdanre with appliLable law and Unil¢d Kingdoni Accouiiting Standard5 (United Kingdom Generally Accepted AccouDliftg Praelitel Including Financial Rew>rting Siandard 102"The Financial Reporting Standard applicablc in the UK aTKI Republic of Ireland" Company law requires the InteeS to Prepare financial sl(it¢m¢nlS r(Ir each financial year. Under that law, Ihe tTUSt¢es have elected io prepare the financial stat¢ments it) accordance w'ith Uniled Kingdom G¢n¢rally Accepted Accounting Practice (Unil¢d Kin¥dom A¥¢ounting Slanddrds and applicable lam'l. Undcr cornpany law the trnstees must not approv¢ ihc financial stalcmcnt5 unles5 they are saiisfied that they givc a true and f&ir view of the slate of affairs of ihe Charitahle company and of thc inLv]ning resuurceb and Application of rest)urces, including th¢ inLome and expEnditutt, of th¢ ¢haritabl¢ company for that period. In pr¢pariTJg Ihobe finan¢ial Slalefftenls. Ihe lruslees aT¢ required lo select suitable accounlin¥ policies and then apply them cDn8i8iently' ob5crYc thc mcthods and principles in the ChaTiii¢S SORP.. makc jud8cmcnis and cstimates ihat are reasonablc and PTudeni,' State whether appli¢2bl¢ accouniing standard% have been fulluwed. subje¢1 to any nmierial departures disclos ad explained in ihe finan¢ial statements; preparc ihe linanc121 slaternent% ott the going eoneern ba515 nIC5S It is inappropriate io presume that the charitable ¢ompatty will ¢ontiDue in business. The Itusiees are respvllsibl¢ keepill¥ proper aoUntIng re£ords which disclose with iea5LTrnable arLura¥y ai an} time the finanLial positilill L)f lh¢ charitable company and to ¢nable Iliem to ensiire that the financial stateTnentS Lomply with the Coiiipanics Act 2006. They are also re$ponsibl¢ r(Trr safLgL1d1n8 the ass5 of the charitable Company and h¢nce foT taking r¢&sonable Steps for the prevention and dete¢iion of fraud and othcr iegularl(l¢S. ID 50 far a5 the trustees are aware= tliere is no relevant audil inforniation of which the chaTitable ¢omp3ny'$ oudi14)rs ar¢ unawar¢- and the trustees have taken all steps that they ought to haie iaken to IMak¢ Ihem%elvLg aware of any relevant audit infornydriot) and to establish thai the auditors are aware of thai infomiation.
International Bible Students A$sociation Report of the Trustees foT the YtrAr Ended 31$t August 2025 R¢port of the trustee5. IncoOratIng a 5trate8ic report, appruved by wdrr of th¢ board of tsvst¢¢s, as th¢ company 2510212ts26 directors. on ...................... . and signed on th¢ board's behalf by.. J Manley- Trn5te¢ A Sutton- TTusl¢e 10
Report of the Independent Auditors to the Members of Internatloll Bible Students AssociAtion Opinion We bavc audited (lie financial st31einctS uf IDlcrnativnal Bible Students Associaiion (the '¢harilable COmpy'l for the year endcd 31 st August 21>25 which compri5C the Slaiemcni of Financial Activitics, Ihc Balance Sheet, the Cash Flow Siatemeni and notcs lo ihc financial slalcrncnls, including a summar), Df signifjcani accounting policies. Th¢ financi(Il reporiing framcwork that has becn applied in iheir prepardti(kn is applicabl¢ law and United KingdoTh Accounling Standards IUnid Kingdom O¢nerally A¢¢¢pted Aecounling Practice), including Financial R¢porting Standard 102 'The Finan¢ial R¢portittg Standard applicable in th¢ UK 2nd Republic of Ireland,. In our opinion the fjnantial statements.. give d trne and fair vicw of thc starc of the charitable company's affair8 as at 31 st Au8USt 2025 und of it$ incoming resources and applicarion of resources. itLcluding lis iJ]Lome and eXnd]re. for the year then ended: have been properly prep2r¢d in a¢¢ordance with United Kinb7dom (i¢n¢rally A¢¢epted A¢¢ounttng Praerice, in¢ludin¥ Financial Rwtting 102 The Finznei#l Reporting Standard applicable in th¢ UK and Rcpublic of Iieland and have been prepaTed in thc¢ordanee with the requircn)enis of Ihe Companics Act 2006. the Charities and Trustee Invcslmenl (Scoilandi Act 2005 and regul&lion 8 of tli¢ Chariiies Accounls {Scotlan411 Re¥ulalionb 2006 (AS amended). Basis for optnion W¢ ¢ondu¢t¢d our audit in ac¢ordallc¢ wtth Iniemaiional Siand8rds on Auditing IUK} IISAS (UK)) and applitable law. Our responsibilitie5 und¢T those standards are further described in the Auditors. responsibililies for the audit of the financial staternenls section of our report. We are independent of th¢ charitable company in accordance with the ethical r¢quirem¢nls Ihal are relevant to our audit of the flnancial statements in the UK, including thc FRC'S Ethical Standard. and we have fulfillcd our ethical rcsponsibilitics in accordance with these requiremenrs. We b¢lieve that thc audit ¢vidcncc w¢ have obtained i$ suffici¢nt and appropriatc to providc a ba5]5 for our opitiion. Concluslons Yl*ting to going Concern Irt oudiljng Ihe finan¢ial $iaien)this, we have ¢oneluded that the irustees, use of ih¢ going conctm basi5 of at¢ounting in the prep¢)raiion ofthe finaDcial 51alements is appropriat¢. Ba5cd on thc work we havc perfornied. we have not identified any n]aterial un¢enainti¢s relating to events or conditions that. individually or collectively. may ¢asr significant doubt on the chaTitrable company's ability io ¢ontinue as a going concern for a period of at leasi Iw¢lv¢ months Irom when ihe financial stat¢m¢Dts ar¢ 3uthorised lor isbue. OUT respon8ibiliries and the r¢s]k)nsibilitt"es of the rtusiees with respect lo going concern ire described in the relevant se¢tions of rhis report. Other informatio The trustees are responsible for tlie oiher infornialion. The uther InfoTTnation coJnpr15cs (he inlormalion included tlie Annual Report. other than the financial slatemenls aTbd our Report of the Ind¢pendcni Auditors Iherc(Trn. Thc Iruslccg are rcswnsiblc for the iiiher inforn)aiion. Our opinion of tlle financial st2ten)¢nts does not cover the other infuTmalion and. excEpI to th¢ exi¢ni otheiSe expli¢itly staled in OUT rep(7t¢, we do exprtss any fom of &ssurance conclusion thereon. In ¢onne¢iiott with our audit of the financial ststemtnt8, our re8ponsibiliry is to read the other information and in doing so. consider whether ihe oiheT infonatiOn is matenally in¢onsisi¢nt with the fjnancial slalernents or our knowledge obiained in Ihe audit or oihernise appears to be maierially misstai¢d. If we identify such material incun5islencies OT apparent material inisstatcmenis, we are required Iv d¢te]rnine whether ihis gives rise to a material misstalcmcnt in the financial btatements themselv&%. If, based on thc work we h&vc perf4)tmed, we ¢on¢lude that therc is a material misstatemcnt of this other inf0mtIOn. w¢ are r¢quired 10 report that fact. We have nothing Iv repori in thi> Tegard. Opinions on other matter5 prescrlbed by ilhe Companie5 Act 21)06 In OUT opinion. based on the work undertaken tn the COUTse of th¢ audit.. th¢ infom)alion giN'en in the tnjstees, report. which includes the dircctors, rcpoTt and Ihc strat¢gic report pr¢par¢d for Ihe purposcs tsl'c4)mpany law, for the financial year for Khi¢h the financial statements are PTepoTed IS ¢OT)Slbt¢nt wilh ihe finaJ]cial Sldteni¢nts; and the straiegi¢ rep)n and the diiectors, r¢pDrt included within Ihe trustee5' ha5 been prepard sn accoTdan¢e with applicable legul requirements.
Report of the IDdependent Auditors to Ibe Member$ of International Bible Students Asso£ia¢ion latteys on Mhith w¢ are requlr¢d to report by exreption In the lighi of the krjowledge und¢rslanditLg of the ¢haniabl¢ company ond its environtn¢nt obtaEned in the course of the audil. wc havc not idcntified Tnaterial mi&slatcmcnl in the Sirallgic rcpi)rt or ihe dire¢iots' rep)rt inclvd¢d withiD Ihe tTUSteeS' Teport. We hai'e nothing ro report in respect of the tollowing matters in relation lo which the Companies Act 26 and the Charilics Accounts Iscoilandl Regylatinn$ 2(K>6 las amended) require us to rcport to you if, Jn our opinion.. adequate and propel a¢¢ounling rccords hav¢ not been kept or rernS adequate for our audit have not been received from branches not V151ted by u5.. or Ihe fin#nLial StateentS are not in agreement with the accouT)ting Tecords and tLn5' or certain disclosures of Irusleets, remuneralion specfftfied by law are not made; OT we have not received all the intornmtion and eXplatiOnS we require for our audit. Responsibiliti¢s of trustees As ¢xplained mur¢ (ully ill the Sialemenl uf Trubtees. Responsibiliiies, the trustees (who are also th¢ dir¢¢iors of Ihe ¢hJTiiabl¢ Lvnipany for the putposes of coinpany luw) at¢ r¢&pun5ible fuT ihe pr¢paraliun ol'ihe fiDan¢ial sliii¢rnenls loi being sat15fied that they give a lrne and fair view. and for such in¢crnal ronlrol a4 the truslee5 detemiine is necessary to eTJable the preparation of financial slaletnents thar are free from material mis5tate¥nent, whether due t&) fraud or ¢rror_ In preparing the financial siatement& ihe tTUStees are responsible for assessing the charitable COTnpany's ability 10 continue as a going ¢on¢em, disclobing. as applicable. matters related ro going concern and using the going concertl basis of ai¢ouniin¥ unless the ttub¢ee¥ either intend io liquidate the ¢haritable ¢ompany or to c¢ase operdlions. or have no rea1151ic alternative but to do 50. Our responsibilities for the audlt of the fmancial st#lem¢nt$ I'e have been appointed ds auditor under section 144 of the Charili¢5 Act 2011 and section 44111 of ihe Lhari(i¢s and TTUStee Inve.%hneni IScotland} Act 2005 and report in accordance with the Act5 and relevant iegulation5 made or having effect thereunder. Our objeetives are to obtain reasonabl¢ 2S.qUTan¢e about whether the financial stdtements as a whol¢ are free fonn material misstaiement, wlieih¢r due 10 fraud or error. and lo issue a Report of Ilie Ijidependenl Audilors thai include5 our opinion. Reobonable as5uran¥¢ i& a h]h level vf as$uran¥e, bul is nol a garantee that an audil conducted in &¢corJart¢c with ISAS IUKI will always dctcct a Tn&letial mi$siJi¢mcnl when il cxisis. Mis$lalemenls can arise from fraud or err(Ir and are considered maieTial if. individually thr in the aggregaie. they could reasot)ably be ¢xp¢¢tEd to influence the economic decisions of user5 taken on the basis of ihese financial siaiemenis. l-h¢ extent to whieh our procedure5 are capable of detecting irregularilies, including tsaud 15 detailed bEIow.' Capablllty of the kudil iTh det¢¢ting irr¢gulsrity, ineludlng fra We ideniifi¢d areas of laws and regulations ihal could reasonably b¢ ¢xp¢el¢d to have a material effeci on the financial siat¢rnents from our.. &ieneral LmMer¢ial and se¢tor experienLe'. Ihrough verbdl and written communication5 wilh Ihose charged with gov¢rn*n¢e and oth¢T rnxnsgtment. at)d via inspection of thc charity's rcgulatory and le881 correspondence. We disru55e(J with ihose Charged with governance and oiher m#nagemeni the pulici¢s 4nd pro¢¢dur¢s regarding conipliance with l#ws and regulaiions. We ¢ommunicatcd identified laws and rcgulations to our tcam and rcrtLain¢d alcn its any indi¢aiors of nothcornpliance throughout the audrt. we also specifically eonsidcred whcre and how fraud niay occur within the chariiable company. The Polential effe¢1 of these law$ and r¢8ulalions on the financial statements varie5 considerably.
Rfporl of the Independent Auditors to the Members of International Bible Students Association Fitstly, the charitable COTnpany is subjecl to laws and regulations that directly affect the financial statements, including.. the chaTilable company's constilulion. rclcvanl fjnantial reponing standards. company law. the Statement of Rccomrnended Pr2clice applicable to charities preparing Ihcir accounis irt accordance Mith FRS 102 (effeclive fTvm I January 20191,. and we assess Ihe extent of compliance with these laws and re¥ulaiions as pari of our procedur¢s on th¢ r¢lai¢d financial stalem¢ni iiems. Secc)ndly lh¢ charitable company is subject to many other laws and r¢8ulatioths where the consqucnces of non-compliance could lia¢ a makrial effect the amounts OT disclosurc5 in thc fLnan¢ial statements. for in5tonce through thc imposition of line5 and penalties, or through losses arising from litigations. Wc idcntified the following areas as those mo%t IFkely to have such an affect.. legislation dirertly Applicable to charities sector such as rh¢ Charities Act 2011,. health and safety legislaiÉon.' the regularity requiTements of the Charity commission and OSCR., tax legislation paT¢i¢ul#ily in relalion to gifi aid and making overseas donations, safeglldrding legislalion, daia proleclion legi$lation, anti-bribery and comiptityn legislafiot). Intcrnalional Audiling Siandards IUK} limit the rcquired procedures to identify non-compliance wiib Ihese laws and rcBulation8 to the proccdllrcs. and no proccdurcs ovcr and above Ihose already noted are required. Th¢s¢ limil¢d procedures did noi idenlify any actual or suspecled non-compliance wilh Idws and r¢8ulatiOllS thal could have a material impa¢1 on the financial stalem¢nts. In relaiion to fraud, we perfom)ed ihe following qpecitic proccdurcs in addition to those already noted.. challenging assumptions made by management En its sigthifi¢ant occrjuntiag e5tirnat£s tn particular.. recogoition of income- Tdcnlifying and tesiing Journal ¢nines. in particular any cnlrics posted 'ith unusual nominal Icdgcr acc(Trunl ¢ombinaiions', Perforn)ing analytical procedures to ideniify unexpectfyj moi'ements in account bal8ceS which may b¢ indicative of fraud., Ensuring thar testing undertaken on both thc Statement of FintmLial A¢iiviry {SoFA) and ih¢ Balance Sheet includes a number ofiiems selected on a random basis. These proceduFes did Dot identify any actual or %uspcclcd frdudulenl irre8ularity ihal could have a material irnpact on the finaneial Statements. Owryng to the inherent lirniiations of an aLTrdit. thcre i5 an unavoidabl¢ risk ihat w¢ may not have detected some mdierial niisstatements in the financial 8tatements, ¢ven though li'¢ have ptoptrly planned and performed our audit in accordance wilh Inlernalional Auditing Standards IUK). For example. the fuTther Temoved non-eompliance with laws aiid regulatiotts is froni the evenis Iransaclions reflected in the financial statements, the 1¢$% likely the proccdures ihat we are required io undenake would identify it. Jn addition. as with any audit, th¢re r¢mains a high risk of on-dete¢tion of irregularities, as these might involv¢ collusion. forgery, inlenlional vmissions, misr¢pr¢s¢nlalion, or the uverride uf internal LL)nlruls. W¢ ai¢ nut respotksibl¢ for prevet)ting ])on-coTnplianLe wilh law5 and regulaiions or fraud, and cdnnoi be expected lo d¢lecl non-cvmpliance wilh all laws and regulations or eyery incid¢nrc vffiaud.
Report of the Indcpendent Auditors to the Members of International Bible Students Asso¢latlon A further de%iiplion of our responsibililies for the audit of thc financial ststements is locatEd on the Financial Reporting Council's website al www.fre.org.uklauditorsresponsibililies. This descriplion fom]s part ofour Report uf the Indcpendcnt Auditors. Use of our r¢port This report is made solely to the charitable company's members. as a kndy. in a¢cordan¢e with Chapr 3 of Pan 16 of thc Companies Act 2006. and ro the charitable company's Irustee5. as a body, in accordance with Regulation 10 of the Charities Account5 (Scotlandl Rcgulations 2a06. Our audit work has been undertakcn so that we niight state to Ihc charitable company'g members and twslees those matters we are required io state ro them in an auditoes report and for no other purpose. To the fullest exithjt pemi?tted by law, w¢ do not xcepi or assume responsibiliry to anyone other than the charitabl¢ company1 the Lharitable company'¥ as a budy and the charitable company's rrustees as a body, for our audit work. for this repon. or for tbe opinions we have fomied. Carolin¢ Peters (Senior Sialulory Audiiorl for and on behalf of Rickard Lu¢kin LimEt¢d Chartered A¢countanlS Siathtory Audiior 1st Floor, County House 100 New London Road Cbe]D2sford Essex CM2 ORG Dalc.. 14
Internatlonal Bible Students As50¢iation St#tement of Finan¢l41 Actlvltles (IncorporAtRng #n Income #nd Expenditure Ac¢ouDt) for the YeAr Ended 31st A151 2025 2025 2024 Unresthcicd fun Unreslrieted rund Notes INCOME AND KNDOWMENTS FROM Donations and lega¢ies 39,606.842 34.402,956 Invtstment income Oth¢r ill¢<pm¢ 96,163 878,056 149.291 15 472.335 Total 40581.1)61 50,024.582 EXPENDITURE ON Charitable aetivities Provision of conventions for Bible eduLiiion Donations and aid Provi%ion of serviced facilities Caring for members of the Order ProvL5iOn of fdcilities to produce Bible-based literature 4.814.192 14.389,729 4,501,156 12.351.526 2,567.404 35,147.017 7.176,615 12.459,208 713,504 490,Y50 Total 3677n 107 57.841.194 NET If*COMEIIEXPENDITURE) 3,810.954 17,816.612} REC.ONCII,IATION OF FUNDS Total furtds brought torward 160,802,688 168,619.300 TOTAL FUNDS CARIUED FORWARD 164.613.642 160.802,688 The noits fonn part ofthese finaneial stsiemenls
International Bible Students Association B#lance Sheet 3151 Allgknst 2025 2025 2024 unStriCted fund Unresiricted fund Nol¢s FIXED ASSETS Tanuible a8seis Social invesimenls 156,845,127 979,142 159,047,206 460,215 157,824.269 159,507.421 CURRENT ASSETS StDckg D¢btors Assets held for sale Cash at bank and in h2nd 12 13 14 126,240 8.612.985 1.140.000 2,884,255 136.168 5,429,555 2,029.993 12,763,480 7.595.716 CREDITORS Amounts falling due wiihin one year 15 {3,046.226) {3.372.5681 PIET CURRENT ASSETS 9.717.254 4.223,148 TOTAL ASSETS LESS CURRENT LIABILITIES 167.541.523 163.730.569 CREDITORS Arnounls falling due after more than one year 16 {2.927.8811 {2.927.8811 NET ASSFTS 164.613 642 160 802 688 FUNDS Unre51ricled funds 19 164.613,642 160.802,688 TOTAL FUNDS 164.613.642 160,802,688 The flnancial 2 IQ21202 statejnenls wert approved by ihe Board of 'lrusttts . and were signed on irs behalf by.. and authori%ed for 158ue J Manley- Trngtee A Sutton- Trusiee Th¢ noir5 foTmP&rt iTrfihE5e fyn4n¢ial **ttmtnlS
International Bible Students Association Cash Flow Statement for the Y¢4r EDded 31st August 2025 2025 2024 Notcb Cash flows from operating 8¢tiwi¢les Cash gtrated Irom operations 21 (975.667 20.132.134) Net cash used in operaiit)g activities 1975,667} 120.1.42.134) Cash floms from iDYesting ActltIeS Purchase of tangible fixed asbets Purchdse of su¢ial investments Salc of tangible fixed assets Inieresi receivcd 11,024,050) (528,703) 3.286.519 96.163 12,117,915) 21.556.466 149.291 Nct cash provided by invesiing a¢tiviti¢s 1,829.929 19 587.842 ChAn%e in Cash ind ca$h eouivalents In the reporting period Cish #nd casll equivalents at the beglttthlng oftht rÈportln¥ ptrlod 854.262 (544,292} 2 029 993 2.574.285 Cash and eash equiv*lent$ 4t the end of the reportiug period 2 ¥84 255 2,029.993 Th¢ 0t?5 forni ofthege fina11 St211>
International Bible Students Ass0¢iation Notes lo the Flnnelal S¢alements for the Year Ended 31st August 2025 ACCOVNTif4G POLICIES B9si$ of preparlng the financial statements The financial sialcmcnl% of thc charitable company. a comparty limited by guarantee regi$tered in the United Kin¥dom, which 1% a publi¢ benefii entity under FRSI 02, have bttn prepaTed in accordance with applicable charity and company law, namely ihe Chariiies SORP (FRS1021 'Accountin8 and Reporling by Charities-. Statement of Re¢omm¢nded Practice applicable to charities preparing their accounts in accordance with the Financial Rcporting Ststtdard applicable in the UK and Republic of Ireland Il.-RS1021 letYe¢tive l January 20191,. Financial Retrf>ning Standard 102, The Financial Reporting Standard appli¢Ablc in ihe UK and Republic of Ireland, leffective l Janusry 2019), the Companies Act 2006. The fjnancial statements have been prepared under (he bibloriLal cosi clinventiun or IrdllsaLtion value, unless ststed in the r¢l¢vant accounting policy noiel51. All amounts are siatcd in pounds sterling and rollndcd to thc nearesi wholc Tkumber. Crltl¢al a¢¢ontIng judgements key sour¢¢g of ¢s¢lmallon un¢ert4lntv Tjie preparation of Ihe financial staiemen(s requires jud¥em¢ni$. esijmaiions and asqumptions ¢0 be made that affcct the reported valuc of assets, liabilities, in¢ome aTKI expenditUT¢. The natu of e5tirnation and judgement mcans that acmJl out¢om¢s could differ from e%pcriation. A 5ignilicant arca ol. estimation and judgerncnt is en 5UPFX)n costs have been allocatcd lo activity on a ba5l5 conslstcnt with their use of resource$. Another eslin)ate io these financial statemenis 15 depr¢ciation. Th¢ inL¥lees ar¢ of th¢ opinion Ih#i Ihe raies applied to the fInancial 51atem¢nls are appropriate. Income All incorne. whether in the fom) Of donaiiolls. legaLie& or gift aid is ttvognised in ibe Ststement of Financial Activities OD¢e lh¢ Assviiaii(m hds et]lillemeni the funds, il 15 probabl¢ ihai the inLome will be received and the amount Lan bt ]ncL%ured Teliably. Donation8 in ihc forn) of asseis arc gcncrally includcd at fair valuc. Wherc obtaining a fair value is not practical or b¢n¢ficial. Ihe valu¢ provided by the donor ma). bc used. For legacie5, tItlement 15 taken as the earlier ofthe dale on which eiiher.. Ihe Asso¢iatiort is aware thai probate has been granted. the estate h8s btttt tinaljscd and nolilitation has been made by the exccutorls) to the Associ&lion that a disljibulion will be rnade. or when a distribution ]% r¢ceived fmm the esiate. Receipt of leguLy. in whole OT in part. is only Considered probable when the amount con be measured reliably and ihe Association has been notified of the executor's inieniion ¢0 llmke a dislributLUn. LxpeDdilure Liabiliiies are recogniscd as expenditure as soon as ther¢ 15 a legal or ¢onslni¢itve obligation ¢ommiititJg the Association io that expenditure, il is probable ihai a Iransfer of economi¢ benefits will bL' rcquir¢d in seitleni¢nl. and the amount of the obligalion can be measured reliably. Expenditure is accounted for on an accryals basis and hos bttn classified under headings that a8gregate all cost related to the cateBOry. IlThere cosis ¢2nnot b¢ dirc¢ily attributcd to particular headings they have been alloeat¢d as described In ihe following paragraphs. Allocdon and apporttODment of costs Where a cos1 is incurred for the PLw$e of directly a¢hi¢ving one of the Charitable aims li is allo¢ated tt> rhat particular aim. Some costs do not relai¢ 10 one parti¢ul#r al4 but suppurt all of the aims of the Association. Whcn this is the ase Ihe suH>ori ¢osl is appurtioned lu the aclivily based th¢ proportion of direct cosls il incurs. This does not include ih¢ donalions aLtivily a$ minimal support ¢osts are incurred in tliis activity.
International Bible Students Asso¢iation Notes to the Financial Statements - contiDued for the Ye8r End¢d 3J5t August 2025 ACCOUNTING POLICIES- continued Tangible fixed assets Fixcd asset.% are vallled at C(kSi less depreciation. Asse15 COStin¥1¢ss ihan £3,000 aT¢ nol capilalised. Depreciaiion is provided ai ihe following annual rates. less estimated residual value. IJJ order 10 wriie oifeaeh Assei over ils esiimaied use] life= Freehold land Iluildings Plant and maehinery. fixtures and fJttinÈs, computer eqllipnKnt Motor i'ehi¢les Assets in ihe fUUTse vfwnblruction Noi depreciated 10% 10 20/& on ¢osi 12.5 / lo 2010 on rosl Not depreciated Impaimient reviews are carried out on irtdividual asscis when thcrc is some indication thai the recoverable amounl of a fixed asscl is below its nct book value. Social investments The As$o¢iaiion ¢las$ifi¢$ lis social investments as pro8ramm¢ Telated. The iHv¢$tment is to further ¢]rItale aims, and any finan¢i#l rcturn is incidcntsl. The inveslmeni 15 held at cosi les% in)pairmeni 08 fair value cannot be measured reliably. T4xation The charity is exempt frorn corporation t&x on its charitable activities. Fund 8¢¢ountiDg Unrestricted funds Can be used it) accordanc¢ with the ¢haTitsble objectives al the discretion of th¢ truseS. F•relgD currencles Foreign currency balances have been Irdnslaied ai ihe Prevatling Tate the balancc shca date. Income and expenditures th]rin8 thc yeoT have been tTan%latcd ai th¢ prci'ailing rat¢ on the day of the transaction. Donoted goods Donaied goods dre recognised as income whcn ihe Association has control over the item, any conditions &ssociated with the donated item have been inet. the receipt ot'economic benefil from Ihe use by the Associarion of the item is probmble and Ihtsi e¢onomi¢ benefit ean be measured rcliably. Th&se would be measured at fair valu< unless impracii¢AI tv do so. In SULh Case) donated goods are recognised at C08t. Other reeognlsed gilns and 105ses These compritse unre31ised and realised gains and 10$.4es on investn)cnts. Unrcaliscd gains and 105bes repre5en¢ the differenLc belwcen ihe tnarkel valiLC broiighi forward lor Cosi, for assets bouglil within thi5 financial yearl and the market value at ilie balance $heet dalc. Rcali5Ld ¥ains an(1 losses represeni ihe differcnce between sale5 proceeds and Mark i'alue L7rought forward IOT C05t. for assets bvught within this financial year.) Intertst Retelyable Interest on held on deposit 18 intluded when recetvable and the amoun( can be measur¢d reliably by the ¢hari¢y- this is nomially upon notifi¢ation of ih¢ intere8t paid or payable by the baTJk. Assets Held For S#Je Where a property is (lircctly donated ro the AswLialion, or a property bequeathed in a will i5 accepted. that is nol SULlable for use in th¢ ongoing aclivities tsf the Asso¢idtion, a dccision is madc to disposc of the property and usc the sale proceeds for ils charilablc aims. It is expe¢ted that $uch a property will bc sold within 12 Envnihs and as such il is recognised within current a5sels as an 95iei held for sal¢. Debtors Debtors arc rceogniscd at thc total amount due to the AssociAtion. Prepaents are volucd &t thc amount prcpiid nel of any trade discount8 due. Cs5h At bank •nd hand Cath al bank dnd in hand includes ¢uffent atyl deposit accounts a5 well as trivial amounts petty tJ)sh.
International Bible Studenls Association Notes to the FinAnelal Statements- continued lor the Year Ended 3J$t Augusl 2025 Accour4T1C POLtCIES- conliDued CTtditors Crldiiors are rttognisei1 where Ihe Association hos a present obligaliun resulting from a past eveni Ihat will pr(ibably r¢5uII in the transfer iTrr runds io a third parLy and the ainouni due to vttle the obligalion can be measured or e5tiinated reliably. Creditors are nomjally recogni5ed al their seiilemerhl amount after Allowing for any trade discounrs due. on¢e$sionary loans are initially me&sured at the amounl received. Th¢ caryyin8 amount is subsequently adjusied io refleci aY impairnient OT accnL¢d interest payable if applicable. FiTh8ncial in5trnmeThts The Association has elected to apply the proN'isions of Scetion I I 'Basic Financial Insirumenis. S¢¢tion 12 'Othcr Financial Instrumcnts Issues, of FRS 102 to all of its financial instruments. FinatJ¢ial ins¢rum¢nis are r¢co8nised in the chariivs balan¢¢ she¢1 when ihe charily becomes party to the ¢onlraciual provisitsns ofih¢ insirum¢nt. Financyal assets and liabilities are offsei, with the net amouThts presented in tbe financial star¢ments, when iheTe is a Icgally cnforccable righi to set off the re¢ogni%ed amounts and Ihere is an inienlion 10 sellle on a net basis or to Tealise the asset and settle the liability bimultaneously. Bgsit finn¢ll ll95ets BasiL tinancial Jsscts, which include eOr$ and cash and bank b3lance%, arc initially rneasured transt)ction pri¢c including transaction tost% and arc subscqiiently carried at amonis¢d ¢osi using the effective interest method unless Ihe aNfjngem¢nt constileS a financing trdnsaction. where rhe irat)sa¢tion is ineasured #t the presenl value of Ihe fulure receipts (lis¢ounted al a m2rkel rdle of intere51. Finaiiiial assets classified as reL¢ivablt wiihtn on¢ y¢¢ir are nul atn4)riis¢d. Basic financi&l lihbilitie5 Basic financial liabilitics, including creditOT5 And bank loans are initially recogniseil al ITansaction price unless the arrangement constitutes a financing IratlSaLlion. where ilie debt instrunieni is measured al the preseni value of the fvture payments discounted at a market rate of interes¢. FiThancial liabilitieg cla.%sifJed as payable wiihin one year are rtoi amortised. Dcbi instrnmenis are subsequently Carried al amortised cosr, using the ¢ffe¢tiv¢ interest rate meth(Ml. Trade GrltOrS are obligalions lo pay for gdS or services that have been arqiiired in the ordinary eoursc of opcralions fr(>m supplicrs. AmL)unts payable are classified as current liabilitics if payrncni is due within one year or Ics5. If not. they arc prc5cntcd as non-currenl liabiliii¢$. Trade crcdrtor5 aTe reco¥nised initially al tTansa¢lion price ond subscquently rneaqured at amortised c051 ubin¥ the ef(eeiiv¢ intere51 method. Derecognilion of financlal liabilities Financtal liabiliries are dereeo8nised when Ihe chariws ¢oniracwal obligation5 expirc or arc discharged or ¢an¢elled. Golfjg Coneern Th¢ trute¢S consider the Association a going concem and have nts maierial uncertainties in this regard. A 51rong b>lLnLe sheet position and ¢onsist¢nt intomc basc corttributc to ihis conclusion. 20
International Bible Students A$$ociation Notes to the FIDancial Statements- contlnued for the Year Ended 31st Augmst 2025 DONATIONS AND LEGACIES 2025 2024 Cash donations Gift aid Legacies Non-ca$h donations 25,305,025 2,107,256 7,828,297 4,366,264 24.329.973 2.103,329 6,038261 1.931 J93 39.606.842 34,402,956 INVESTMENT Ih'COML 2025 2024 Deposit account interest 96,163 149.291 OTHER IYI COME 2025 2024 CTain on sale of iangible fixed asseis Foreign ¢urret)cy gains Othet tevenue 584273 15.317,292 16.100 78.943 293,783 ¥78,U56 15.472.335 CHARITABLE ACTIVITIES COSTS Support C051515ee note 6} Direct Cosls Toials Provision of conventions for Bible eduealiun Donaiitsns and aid Provi%ion of seTvieed fa¢iltti¢s Caring for members of the Order Provision offacilitie5 to produce Biblc-based literature 4.275,516 14.389.729 3.997.509 10.969.476 538.676 4.814,192 14,389.729 4.501.156 12,351,526 503,647 1.382,050 633.667 79,837 713,504 34,265,897 2,504.210 36.770.107 Comparatives f•r the y¢Ar ¢Thd¢d 31$t August 2024 Support ost$ (Ye nolc 61 Direct Costs Torals Provision of convention5 for Bible education Donalions and aid Provision of serviced facilities C'aring for members ot the Order Provision of facilities to produce Bible-based literature 2,247,158 35,147,017 6,362,945 11.027.185 429,710 320.246 2,567,404 35,147.017 7,176,615 12,459,208 490.950 813,670 1,432,023 55.214.015 2,627.179 57.841,194
International Bible Students Assocfiatlon Notes to the FinJncial Statement5- ContIned lor lh¢ YeAr Ended Jlst August 2025 SUPPORT COSTS fjovernance eo&ts Man¥gem¢ni Finance Totsls Provision of ¢onventl01)8 for Bible edtIon Provision of serviced fa¢ilitie5 CaTing lor Tnember5 of the Order PrOlS1On of facilitles to produce Bible-based liter8tur¢ 491.653 459,684 1,261.409 37,730 35.275 96.799 9.293 8.688 23.842 538.676 503,647 1.382,050 2.285,614 175,396 43,200 2,504,210 Comparatives for the year ended 31st August 2024 GoveTnat)ce cosis Management Finance Totals Provisiun uf LOllVtnlii)ns for Bible education Provision of serviced facilities Caring for tnembers of tlie Order Provision of fa¢iliti¢s lo produ¥c Bible-babcil lileralurc 295,459 761,054 1,321,L81 16.956 43,083 75,824 7.831 320246 9,533 813.670 35,018 1,432,023 43 2.434.193 139.106 53 880 2627 179 NET INCOMEI(EXPENDITURE) N¢1 incomel{expenditure) is 51ated after char8ing/lcrediiingl'. 2025 2024 Auditors, remuneration Depreciation- owned as$¢ts Surplus on disposal of fjxed asseis 43,200 53,880 3,957,622 4.194.350 1484,9471 (15,261,379) TRUSTEES. REMUNERATION AND BENEFITS The tru51¢¢5 do not receive any remuneration or benetit5 for their role a5 trustees of the charity. However. all Irusi¢¢s are membcr5 of a worldwide religious order. By virtu¢ of their m¢rnbcrship of the rcligious order. Ihey land If Tnarried io a member of the order, Iheir spouse) receive from the Association accon]modation. meals. a modest allowance and certain oih¢r personal services dep¢nding OJJ age. These allowan¢es are provided solely because of Iheir meinbetship in Ihe ieligivus urder and ntver due lo Ibtir role ts Injstees. Nol all iruslees or Iheir spouses choosc tu receive the allowan¢¢. The totsl a]Iow2nce thai could have been paid io ea¢h iwsi¢e and th¢ir spous¢s. by virtue of th¢ir niemb¢rship in the religious ord¢r. fot lh¢ year ending 31 Augus1 2025 was £2.647 12024.. £2,500). Th¢ irusie¢s and their SPOUS¢8 donated in tolal £1,44112Q24.. £1,723) to the rharity. 22
International Bible Students Association Notes to the Financial Statements- continued foT th¢ Ytgr Ended 31st August 2025 TRUSTEES. REMUNERATIO AND BEIYEFITS- cfjntinue Trustees, expense$ No expenses were reimbursed to trustees in th¢ir role as tTU$tecs during this year or the previous year. TANGIBLE FIXED ASSETS Freehold PTok*rty Plani and m&¢hinery Molor v¢hicles Total$ COST Ai Isi Seplcrnbcr 2024 Addition8 Disposals R¢¢lassifi¢ation 178,679.68J 4.896.826 13,144.4671 1850.0001 2.918,105 186.992 1265,7901 1,667,770 323.297 194.6801 183,265,558 5,407,115 13,5a4.9371 1850.IN)01 At 31st Augu512025 179,582.042 2,839.307 .896.387 184.317.736 DEPRECIATION At I si Scpiember 2024 Ch3rge for year ElitniDaled on dispobal 22,242.839 3,537,504 452,6271 ,395,971 245,666 196.314} 579,542 174.452 24,218.352 3,957,622 703.365) At 31st August 2025 25.327 716 1,445.323 699 570 27.472.609 NET BOOK VALUE Ai 315t Augu$t 2(125 154.254.326 ,393,984 .196.817 156.845,127 Ai 31st Augusl 2024 156,436.844 1,522,134 1088.22¥ 159.047,206 HERtTAGE ASSETS Th¢ ¢harily l)olds a collection of hisiori¢ Bibles and Telatcd publication5 of historical, religious and oducalional significance to Jehovah'b Witnesses. The collection cornpriscs items owned by ihe charity and items loan¢d wiihuul ch¥r¥e by third purii¢s. Th¢ chdrity mollltains oppropriate arran¥efflents fur the cale. r(Trns¢rvalLvn and security of the culleclion to support ils long.tCTm pi¢s¢rvaiion. Loaned items ar¢ not r¢eognis¢d in the Balance Sheet as legal iitle rem8lDS with t1 lenders. The charity's owncd heritage sjssels have becn donstcd and li is irnpra¢ti¢able to obiain a reliable valuation due to th¢ir unique nature, the abs¢nc¢ of an a¢tive market dnd ihe disproponionaie Ctssl of professional valuation. Accordingly, no values have been attributed. in a¢¢ordan¢e with Seetion 34 of FRS 102. 2J
International Bible Students Associatfion Notes to the Finnrial Statements- contlnued for the Year Ended 31st August 2025 ii. SOCIAL IIYVESTMENTS Programn)c T¢latvd iDveslm¢nts ¢quiry MARKE'I. VALUE Ai Isi Sepitmbcr 2024 Additions Exchange differences 460.215 528,703 9.776} Al 31st August 2025 979.142 NET BOOK VALUE Ai 3151 August 2025 979,142 At 31st August 2024 460,215 The Asociation has made two social investmtnt5 that supp)rt it.% charitable obJective'. one fa¢ilitatiMg ac¢e8 10 places of worship globally, and another aimcd at strcngthcning fjnancial infraslructtire for charities WOTldwide. The trustees are confident in rheir perforniance and the on80ing impacl and alignment of these Anvesth]en15 wilh rhe Association's aims and obje¢iives. 12. STOCKS 2025 2024 Stocks - el¢LtriLal. maintenance and home Supplies 136,168 13. DEBTORS 2025 2024 Amounts falling due within one yeaT'. Orhei d¢bior5 Prepayments and accrued income 374.677 6,863,308 38.1,674 3,795,881 7,237,985 4.179.555 Amoun15 falling due aftcr morc than onc year.. O¢h¢r debtors 1.375 000 1250 (100 Aggregale amounts 8,612,985 5.429 555 24
Internatlonal Bible Students Assoclatlon Notes to the Financial Statements - contlDued for tlte Y¢#r Ended 31st August 2025 14. ASSETS HELD FOR SALE 2025 2024 Assets held for sale 140.OIK) 15. CREDrroRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade cr¢dirors Other credilors AcCcd cxpenscs 513,081 I,Y43,421 689.724 280,888 1,870.563 3 046 226 3 372 568 16. CREDJTORS: ANIOUNTS FALLINC DUE AFTER MORE THAN ONE YEAR 2025 2024 Oth¢T loans Istt note 17) 2,927,881 2.927.881 17. LOANS Loa$ rq)Tcseni a ¢on¢et?sionary loan, with no intercst charg¢d. from other ch8rii&ble entities with ¥imilar aims a¢j ubj¢clive5. 11 is not b¢Lur¢d ¥¥uin5t any asseis of lh¢ As¥ociation. The loan hab not been ca]led ID by the $ign2ng dat¢ of t]iese financial slatemenls. The twstees undersiatsd thal notice will be given in advance of the loan being calltd and, until siich lime as thi5 1$ the ¢a8e. have recorded the l(Mn in long terni liabilitics. 18. LEASINC AC.REEMENTS Minimum l¢#s¢ payments under non-¢at)¢ellable operating lease5 fall duc as follow5.. 2025 2024 Within onc ycai Belween one and five y¢ars 270,345 389.612 292,497 396.730 Th¢ zmount of lease paymenis r¢cogni9ed as an expense in the year was £388,001 {2024 £ 644.iKbOI 19. MOVEMENT IN FUNDS Net tnuvemenl in fvndg At 31.8.25 Ai 1.9.24 Unre51ricted funds General fund 160.802,688 3.81 D.954 164.613.642 TOTAL FUNDS 160,802,688 3.810,954 164.613,642 25
International Bible Students Association Notes to the FinanciAI Statements- continued for tho Year Ended 315t August 2025 19. movEIN'll. UNDS- ton11lled Nd movemeni in funds. included in the above are as follows.. IncomiD¥ resouTces Re.suurce5 expeThJed Movemenl in thJ)ds Unrestrl¢ted lund$ Gen¢Tal fund 40,581,D61 136,770,107) 3,810.954 TOTAL FUNDS 40,581061 136 770.1071 3.810,954 Compiratlves for mov¢mtnt In funds Net n)ovem¢nt in fund5 At 31.8.24 Al 1.9.23 Unre$tri¢t¢d funds General fund 168.619.300 17.816.612} 160.802,68S TOTAL FUNDS Comparative net movement in fvnds. included in the above are as follows: Incominb rewurees Re50WCeS expEnded Movtmeni in Unrestrlcted fund$ General fund 50,024,582 157.841,1941 17.816.6121 TOTAL FUNDS 7.816.612) 20. REI.ATED PARTY DISCLOSURES The only related parties are the tn]stees. however the are no relaied party Iransactions to disclose other than those included within the tnJ.stees reniuneration disclosure note 8. Althougb there no other related patti¢s, the Associguon WOTks closely with other charities in myny cvuntiies which h¥v¢ similar aiTns and objeLtiVeb. This is expldined funher in ihe Wider Network, paragtaph of the Reporl of tlie Trustee5. 26
International Bible Students Association Noées to the Finanelal Statements - Continued for th¢ Year EMded 31$1 Augui+t 2025 21. RECONCILL4'flO.Tr4 OF NET If4COMEI{EXPENDITUR&} TO ET CASkl FLOW FROM OPERATIP4G ACTIVITIES 2025 2(J24 Yet inLornel(expenditurel for the reporting period (as per the Statement of Financial Activities) Adjustmenls for: Depreciation chargtq Lo$8eq on investments Profit on disposal of fixed assets Interest rC]Ved Donated fixed &%set.% reccivcd Asstis held for sale Decrease ID Stocks Ilncreas¢Vd¢¢Te2se in debtorb Ir)eeTeasellin¢re)s¢ In crcdilorb 3,810,954 17.816,612} 3.957.622 9,776 1484,947) 115,201,379) 196,1631 11492911 14.3R3,065) 11.513,000) {290,0001 9,928 13,183.4301 1326,3421 4,194.350 12,532 121,255 280,011 Net cash used in operatioThs {975,6671 120.132.1341 22. ANALYSIS OF CHANCES IN NET (DEBTI/FUNDS At 1.9.24 lash flow Ai 31.8.25 Ca$h al bank and ill hand 2.(Tr29.993 854262 2,884,255 2.029.993 854.262 2.884.255 Liquid re50urce5 Deposits ineluded in cash CUent a$sct invcsln)ent. 1,140.000 1,140,000 140 000 1 140 000 Deht Debis falling due afrer l year {2,927,8SI I 2,927.8811 2.927,881} 2.927 8811 Tot*1 897,8881 l.Y)4,262 1096 374 23. F.MPLOVEES The A$so¢ialion dL)es nol have any employees {2024'. nill. 27