2013 ANNUAL REPORT - Bible League Canada

2013 ANNUAL REPORT
Your word, Lord, is eternal;
it stands firm in the heavens.“
—Psalm 119:89 (NIV)
...because the world needs the Living Word
of God more than anything else.
Thank you for partnering with Bible League Canada to
We are grateful for your partnership in this exciting
place Bibles into the hands of men, women and children
ministry. It’s such a privilege to be part of God’s
who are hungry for God’s Word.
mission in this world and to see His hand at work
Your investment in this great work is truly one of lasting
so clearly.
significance. As the psalmist declared, “Your word,
Please take the time to read our 2013 Annual Report.
Lord, is eternal; it stands firm in the heavens” (Psalm
We know you will be encouraged to see how God
119:89, NIV).
is using your gifts to transform lives for today and
Nothing in this world is more certain than the Living
for eternity.
Word of God. And nothing else has the power to change
As stewards of your generous gifts, we have
lives from the inside out. You can be certain that your
included full financial statements in this report.
investment in placing Scripture has eternal value in the
We hope it provides you with an even greater measure
lives of individuals and in their communities.
of confidence in the value of our shared ministry.
We thank God for what has been accomplished in our
Thanks again for joining us in this great work.
fiscal year 2013. With your generous support, 11,158,797
Scriptures and Scripture resources were placed into the
Yours in Christ,
hands of children, women and men in 43 countries,
including Canada.
Paul Richardson, President
Among those who received Scriptures and training were
Bible League Canada
258,766 indigenous volunteers. These volunteers shared
the transforming message of the gospel with nearly
4 million people. As a result, 1,159,634 people told us
they chose to follow Christ and more than 8,347 new
John Hessels, Chairman
churches were planted.
Bible League Canada
2013 BIBLE LEAGUE CANADA
ANNUAL REPORT
2
TABLE OF CONTENTS
04
Who We Serve
16
A Special Thank You
18
Ministry Results Summary
18
Financial Report
WHO
WE
SERVE
The Living Word of God
transforms lives forever.
Bible League Canada provides Scriptures and training
worldwide so that people prepared by the Holy Spirit
will be brought into relationship with Christ and
For you have
been born
again, not of
perishable
seed, but of
imperishable,
through the
living and
enduring word
of God.”
—1 Peter 1:23 (NIV)
His Church.
For more than 60 years, Bible League Canada has placed the Living
Word of God into the hands of men, women and children. Today,
Bible League Canada is actively working with indigenous partners
to bring the Good News in 43 countries. Scripture placement comes
alive through four strategic ministry programs:
• Children’s Ministry: We reach receptive young hearts with
God’s Word through Children’s Bible Clubs, Alternative Basic
Education, Values Education Classes and Vacation Bible Schools.
• Adult Bible-based Literacy: We introduce adults to Jesus
through literacy classes that use Bible-based materials and we
disciple seekers and new believers through Bible study classes.
• Church Planter Training: We train and equip indigenous
pastors and leaders with Bibles and discipleship resources, and
they typically plant 1-3 churches in the first year.
• Support the Persecuted Church: We place Bibles and resources
in countries where Christianity is restricted or closed, to disciple
believers and equip a growing Church.
In Canada, we are committed to placing Bibles and providing
reasonably-priced Scriptures and discipleship materials for
individuals and churches.
2013 BIBLE LEAGUE CANADA
ANNUAL REPORT
4
2013 MINISTRY
HIGHLIGHTS
Thank you for your gifts that are
helping to change lives around
the world.
11,158,797
TOTAL OF SCRIPTURES
PLACED IN 2013
8,347
CHURCHES PLANTED IN 2013
1,159,634
NEW FOLLOWERS OF
CHRIST IN 2013
WHO WE SERVE
Let the little
children come to
me, and do not
hinder them...”
CHILDREN’S
MINISTRY
—Matthew 19:14 (NIV)
God’s Word changing the lives of children.
Every child is precious in His eyes. As followers of Jesus we are called to have His heart for
children. They are often the most receptive to His work in their lives.
With your help, Bible League Canada introduces
A Bible Club started in Ketki’s village and she sneaked
children to God through Bible Clubs, Vacation Bible
out of the house to attend. She loved the “action”
Schools, Alternative Basic Education, and Values
songs, games and stories about Jesus that her club
Education Programs in public schools. Through these
leader read aloud. Ketki began silently praying to
programs, God uses His Word to transform the lives
Jesus and received Him as her personal Saviour.
of children and inspire them to share the hope of
the gospel.
When her club leader discovered that Ketki longed
to go to school, he spoke with her parents and they
When children are introduced to Jesus, they become
little evangelists. They enthusiastically share the songs
and stories they have learned with their families. In
this way, entire families are transformed by the Living
Word of God.
KETKI’S STORY OF TRANSFORMATION
Growing up in rural India was hard for Ketki. The
agreed to send her.
Now Ketki is going to school instead of working in the
fields. Please pray with Ketki that her family would
also soon choose to follow Jesus Christ.
You are helping to support
programs in Ethiopia that
REACH OVER 17,000
CHILDREN EACH YEAR
with Bibles and Biblebased education.
2013 CHILDREN’S
MINISTRY RESULTS
Thank you for your gifts that are
helping to change lives around
the world.
1,637,171
CHILD LEARNERS IN 2013
699,832
CHILD DECISIONS FOR CHRIST
IN 2013
2,331,663
CHILDREN’S SCRIPTURES
PLACED IN 2013
53,568
Through a Bible Club in India, thirteen-year-old Ketki found faith
in Jesus and is now able to go to school.
NEW CHILDREN’S LEADERS
TRAINED IN 2013
thirteen-year-old girl was responsible to care for her
two little brothers — rising early to fetch the water,
cook and clean. During the day Ketki toiled in the
fields to earn income for her family. Sadly, her
parents could not afford to send Ketki to school,
especially since the family counted on the tiny
income she earned.
And yet she’s never uttered a word of complaint.
Ketki is mute.
2013 BIBLE LEAGUE CANADA
ANNUAL REPORT
6
Children in every country love to
sing action songs and hear stories
from the Bible about Jesus and his
love for them.
WHO WE SERVE
Your word is a lamp
for my feet, a light
on my path.”
ADULT
BIBLE-BASED
LITERACY
—Psalm 119:105 (NIV)
Teaching literacy and Bible literacy changes
lives today and for eternity.
Your gifts support Bible study and adult literacy classes.
Adults in some countries learn to read and write using
the school because I knew the cost of being illiterate,”
the Bible or Bible-based materials that teach them
says Gishu. “I wanted to join my child and learn in the
about issues such as health, hygiene and finance. By
school but my friends discouraged me by advising it is
God’s grace, up to 40% of adults who complete the
too late for me to go to school and has no use.”
program come into a life-changing relationship with
Jesus Christ.
Then an adult literacy class started in her village.
Gishu was the first woman to register and is highly
Donors also support Bible study classes that introduce
seekers and new believers to the Bible, help disciple
Christians and increase biblical literacy in families,
churches and communities.
motivated to learn to read.
“There will come a day when I open up a Bible
and able to read it myself,” says Gishu. “Today I’m
regularly attending classes so that I can better learn to
BIBLE-BASED LITERACY PROGRAM
TRANSFORMS GISHU’S LIFE IN ETHIOPIA
Gishu lives in the Oromo region of Ethiopia. Like
most of the women in her community, she was unable
read daily verses during devotions with my family.”
About 40% OF ADULT LITERACY
STUDENTS who complete the
program come into a life-changing
relationship with Jesus Christ.
2013 ADULT BIBLEBASED LITERACY
MINISTRY RESULTS
Thank you for your gifts that are
helping to change lives around
the world.
207,239
ADULT GROUPS AND
CLASSES IN 2013
334,694
DECISIONS FOR CHRIST IN 2013
62,992
NEW LEADERS TRAINED IN 2013
1,029,444
TOTAL SCRIPTURES PLACED
At her literacy classes, Gishu is excited about learning how
to read the Bible for herself.
to read or write in her own language.
“I did not get the opportunity to go to school as there
was no school in our village.” she says. When she was
a young girl, her father gave her to a man in marriage,
and now she is the mother of six children.
“When a children’s school opened in our village three
years ago, I was the first to register my elder child to
About 40% of students who complete
the literacy program come into a
life-changing relationship with
Jesus Christ.
2013 BIBLE LEAGUE CANADA
ANNUAL REPORT
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WHO WE SERVE
At least 1,212 NEW CHURCHES will
be planted in India in the first year of
training, based on the average of two
new churches per student.
CHURCH
PLANTER
TRAINING
The words I have spoken
to you—they are full of the
Spirit and life.”
—John 6:63 (NIV)
Indigenous church planters are the most effective
communicators of the Good News.
When you equip them with training, Bibles and discipleship resources, God uses their
intimate knowledge of native culture to speak the truth of God’s Word into the lives
of their neighbours.
During the first year of training, Church
discovered a training course to help her share the
Planters typically plant 2 new churches. Through
gospel, she joined immediately.
the Therefore GO program, the Canadian
congregations who partner with these indigenous
evangelists are helping to reach communities that
are often closed to outsiders.
Now Go Lee has dedicated herself to planting
churches. She travels by bicycle to three nearby
villages where she sells lotus pods to support herself
while sharing the message of Jesus. Go Lee has already
established 12 Bible study groups for adults and
GO LEE’S JOURNEY FROM DESPAIR
TO DISCIPLE MAKER
Go Lee, a 52-year-old mother of three, left her
4,364
CHURCH PLANTERS
TRAINED IN 2013
3,946
CHURCHES PLANTED IN 2013
125,108
Go Lee has seen God transform her life into a
DECISIONS FOR CHRIST IN 2013
messenger of joy and peace.
1,007,927
EVANGELISTIC CONTACTS
MADE
life for her children. She settled them near Phnom
to plant a crop. To make ends meet, she cut grass
Thank you for your gifts that are
helping to change lives around
the world.
10 children’s Bible Clubs. From hopeless and destitute,
village in Cambodia in hopes of making a better
Penh, but discovered there was no land available
2013 CHURCH
PLANTER TRAINING
RESULTS
Go Lee has shared the gospel with 150 families in Cambodia.
along the road to sell as animal feed — but did not
earn nearly enough to care for her family.
One day at her lowest point, Go Lee met a woman
who shared with her about Jesus Christ. The
message warmed her heart and she received Christ
as her Lord and Saviour. She began attending
church and grew in her new faith. When she
2013 BIBLE LEAGUE CANADA
ANNUAL REPORT
10
A trained Church Planter who
understands the local culture,
language and needs is more effective
in sharing the gospel.
WHO WE SERVE
SUPPORT THE
PERSECUTED
CHURCH
Heaven and earth
will pass away, but
my words will never
pass away.”
Every year 170,000 CHRISTIANS
are martyred for their faith somewhere
in our world.
—Matthew 24:35 (NIV)
Your gift helps to comfort and equip Christians
facing persecution.
Many Christians in our world do not enjoy the benefits of religious liberty. In closed
and restricted countries, Christians who share their faith risk severe punishment,
including imprisonment or even death.
Through your gifts, we are able to place printed
with newspaper after Sunday service, he said, ‘This
Bibles and Digital Bibles into the hands of persecuted
is a gift from God.” Chen’s eyes filled with tears as he
Christians and offer the help and strength that God’s
opened the package to reveal a new Bible.
Word provides. Together we are standing with the
Persecuted Church to help empower and equip
Christians for growth and ministry.
Already Chen has read the whole Bible twice. He loves
reading the Bible and prays that God would help him
understand.
CHEN WAITS EIGHT YEARS FOR A BIBLE
“Thank you for your understanding that we cannot
“I have been a Christian for eight years now,” says
gift I have ever received in my life. I hope I can pay
Chen, who is a Christian living in northern China.
“Thank you for giving me my first Bible.”
buy a Bible in China,” says Chen. “Your gift is the best
2013 PERSECUTED
CHURCH MINISTRY
RESULTS
Thank you for your gifts that are
helping to change lives around
the world.
6,019,939
TOTAL NUMBER OF DIGITAL
SCRIPTURES PLACED
PRINTED BIBLES AND
SCRIPTURES ARE ALSO
PLACED WITH CHRISTIANS IN
THE PERSECUTED CHURCH.
SEE PAGE 18 FOR TOTAL
SCRIPTURES PLACED.
you back in heaven.”
Chen became a Christian when a fellow student
shared the gospel with him and invited him to a house
Christians who face persecution in closed and restricted countries
church. After three months, Chen understood the
constantly ask for more Bibles and resources to disciple new
message of salvation and made a decision to follow
believers and equip a growing Church.
Christ and be baptized.
However, the church had no Bibles to give to Chen,
and it was impossible to buy one. Chen waited eight
years for his chance to get a Bible of his own.
“One day my pastor gave me a small package packed
2013 BIBLE LEAGUE CANADA
ANNUAL REPORT
12
Placing a Bible in their hands is
a rare and precious gift that helps
to empower and equip them for
life and ministry.
WHO WE SERVE
In Canada, 58.8% OF
PEOPLE say they don’t read
the Bible, 20.9% are too busy
to read Scripture and 3.2%
don’t own a Bible.
CANADIAN
MINISTRY
Millions of Canadians are still waiting to be gripped
by the transforming love of God.
With your help, Bible League Canada’s online Bookstore provides Bibles and basic
discipleship resources to churches across Canada. Equipped with resources in a variety of
languages, at the lowest possible price, churches can reach out to their local communities.
The proceeds from every purchase in the bookstore
“I just wanted to thank you for the Hope in the Midst of
are used to fund missions in Canada and the
Illness booklet. I carried it in my cancer tote bag. I read a
42 other countries we work in. If a church or mission
little every time I went for a treatment. Today no signs of
cannot afford the Scriptures resources for their
cancer! We give God all the glory and praise!”
program, Bible League Canada comes alongside and
—Burlington, ON
works for a solution. Making the Bible accessible
for people in discipleship programs is vital to our
mission!
The Lord has made his
salvation known and revealed
his righteousness to the
nations.” —Psalm 98:2 (NIV)
2013 CANADIAN
MINISTRY RESULTS
Thank you for your gifts that
are helping to change lives in
Canada.
159,557
SCRIPTURES PLACED
IN CANADA
16,806
CHILDREN’S SCRIPTURES
PLACED
“Thank you for your ministry of developing and
distributing the Student Connection Planners. Our school
has used them for many years and we have found them
In 2013, the Digital Bible Library became available
a wonderful way to keep family and school connected
in Canada. Presently available in 22 languages, each
academically, but more importantly, spiritually.”
library contains Bibles, Bible studies, video and audio
—Picton, ON
resources, worship resources and more, in a complete
package of DVD’s, SD microchip with adapter, and
USB stick. Entirely reproducible, any electronic device
becomes a ready instrument to spread the gospel.
Bible League Canada provides evangelism and discipleship
resources that will help reverse the alarming trend of biblical
illiteracy in Canada.
WHAT CANADIANS ARE SAYING...
“I am always so excited when I see the Devotional
Day Planners come! God has spoken to me repeatedly
through His Word, prompted by the verse in my
planner.” —Lower Sackville, NS
2013 BIBLE LEAGUE CANADA
ANNUAL REPORT
Bible League Canada’s Devotional
Day Planner instills the urgency of
connecting with God through His
Living Word on a daily basis.
14
A SPECIAL
THANK YOU
The grass withers and the
The
flowers fall, but the word of
our God endures forever.”
—Isaiah 40:8 (NIV)
We are grateful for every donor who partners with us
to see God change lives through His Word.
OUR FOUNDATION PARTNERS
Bible League Canada would like to thank the following
Stronger Together Granting Partners who, during our
tools will help to remove barriers to Bible engagement
in Canada so that more Canadian Christians will learn
from, and be transformed by, the Living Word of God.
fiscal year 2013, provided generous grants towards our
THANK YOU…
“Expanding Distribution Capacity through Digital
Bridgeway Foundation
Biblical Resources” project and our newest project
“Survey of Bible Engagement in Canada.”
Catalyst Foundation
Charis Foundation
With the support of generous partners, the Digital
D.H. Falle Family Foundation
Biblical project expanded the resources from
Dave and Katy Brereton
10 languages to more than 20. We are so grateful to the
Jericho Foundation
Stronger Together Granting Partners for giving us the
John and Rebecca Horwood
funding to get this exciting project started.
Legacy Foundation - Cloutier Family Fund
The combined grants to fund the Bible Engagement
Legacy Foundation - Family Hope Fund
study will help us shape programs and create
Legacy Foundation - JVE Fund
innovative study tools for Canadians. Ultimately these
Maranatha Foundation
BIBLES FOR MISSIONS
Since 1989, Bible League Canada and Bibles for Missions Thrift Stores have enjoyed a unique partnership that
has brought God’s Word to countless people. We are thankful for the board and staff of Bibles for Missions
Foundation (Canada) and the customers who support the Bibles for Missions Thrift Stores in more than
40 communities across Canada. Bible League Canada is especially grateful for the small army of dedicated
volunteers who make this partnership possible.
2013 BIBLE LEAGUE CANADA
ANNUAL REPORT
16
3,301
$7,300,583
BFM VOLUNTEERS
FINANCIAL CONTRIBUTION IN 2013
2013 FINANCIAL
REPORT
My seven children also became Christians and
one is serving as an evangelist.”
— Bekele, Ethiopian man who found Christ
FOR THE YEAR ENDED AUGUST 31, 2013
2013 Ministry Results Summary
2013 DISBURSEMENT SUMMARY
MINISTRY RESULTS
2013
2011-2013
(CUMULATIVE RESULTS)
New Followers of Jesus
1,159,634
3,273,999
New Churches Planted
8,347
23,547
120,924
285,409
1,945,570
6,970,290
Leaders/Teachers Trained
New Learners
2013 SCRIPTURE RESULTS
CANADA
INTERNATIONAL
TOTAL
15,027
379,280
394,307
3,278
303,935
307,213
177
29,874
30,051
Children’s Story Bible
7,937
520,563
528,500
Children’s Portions/Booklets
8,869
1,944,034
1,952,903
124,269
1,801,615
1,925,884
-
6,019,939
6,019,939
159,557
10,999,240
11,158,797
Bibles
New Testaments
Study Bibles
Bible Portion/Selections/Booklets
Digital Scriptures
Total Scriptures Placed
DOLLARS
%
$5,474,814
40.6%
Publication Sales
$214,402
1.6%
The Gideons International in Canada
$500,678
3.7%
$7,300,583
54.1%
$13,490,477
100%
BFM Thrift Stores
Grand Total Income
2013 BIBLE LEAGUE CANADA
ANNUAL REPORT
73%
Canadian Ministry
16.3%
Fundraising & Administration
10.7%
100%
2013 ADMINISTRATION AND FUNDRAISING
Fundraising
6.5%
Administration
4.2%
10.7%
TOTAL INTERNATIONAL MINISTRY EXPENDITURES
On Field - In Country Contributions
$903,765
Bible League Canada Contribution
$9,865,988
Additional Spending on Ministry
by Mission Partners
$8,374,306
Total Spending on Ministry
$19,144,059
PARTNER INCOME
2013 CANADIAN REVENUE SUMMARY
Contributions Received
International Missions
18
Last year, Bible League Canada spent over $9.8 million
“Since I believed in Jesus Christ, my life
has been changed. I have got obedience
toward my parents, and have got control
over my anger and do not have envy
toward others.” — Lon Maly, age 11
toward ministry outside of Canada. But this is not the whole
story. Our international mission partners collectively expend
another $9.3 million on additional work in church planter
training, children’s ministry, Bible-based literacy and support
for the persecuted Church.
In short, Bible League Canada is part of a $19.1 million dollar
partnership effort to see the Living Word transform lives
across the globe.
2013 FINANCIAL
REPORT
I give thanks to the Lord for what
he has done in my life.”
— Amita, an Indian mother who found Christ through her literacy class
FOR THE YEAR ENDED AUGUST 31, 2013
Independent Auditor’s Report
TO THE DIRECTORS OF THE BIBLE LEAGUE OF CANADA
I have audited the accompanying financial statements
that I comply with ethical requirements and plan
of The Bible League of Canada, which comprise
and perform the audit to obtain reasonable assurance
the balance sheets as at August 31, 2013, August 31,
about whether the financial statements are free from
2012 and September 1, 2011 and the statements of
material misstatement.
revenues and expenses, statement of changes in fund
balances and statement of cash flows for the years
ended August 31, 2013 and August 31, 2012, and a
summary of significant accounting policies and other
explanatory information.
audit evidence about the amounts and disclosures
in the financial statements. The procedures selected
depend on the auditor’s judgment, including the
assessment of the risks of material misstatement of the
MANAGEMENT’S RESPONSIBILITY FOR
THE FINANCIAL STATEMENTS
Management is responsible for the preparation of these
financial statements in accordance with Canadian
accounting standards for not-for-profit organizations,
and for such internal control as management
determines is necessary to enable the preparation
of financial statements that are free from material
misstatement, whether due to fraud or error.
My responsibility is to express an opinion on these
financial statements based on my audit. I conducted
my audit in accordance with Canadian generally
accepted auditing standards. Those standards require
ANNUAL REPORT
financial statements, whether due to fraud or error. In
making those risk assessments, the auditor considers
internal control relevant to the organization’s
preparation of the financial statements in order to
design audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing
an opinion on the effectiveness of the organization’s
internal control. An audit also includes evaluating
20
As described in note 2(b), the organization expenses
inventories located outside of Canada in the year of
David M. den Boer
and current replacement cost when they are held for
Hamilton, Ontario / December 12, 2013
distribution at no charge or a nominal charge. Because
CPA, CA, Licensed Public Accountant
the organization has its inventories stored at many
worldwide locations, management considers the costs
and difficulties of verifying these inventories are not
justified and would take significant resources away
from its ministry. Since I have been unable to obtain
information with respect to all inventories, I am unable
to estimate what the inventories carrying value should
have been nor am I able to estimate the related effect on
expenses and the excess of revenues over expenses.
In my opinion, except for the effects of the matter
sufficient and appropriate to provide a basis for my
qualified audit opinion.
accounting standards for not-for-profit organizations.
organization record inventories at the lower of cost
the reasonableness of accounting estimates made by
I believe that the audit evidence I have obtained is
and August 31, 2012 in accordance with Canadian
for-profit organizations require that a not-for-profit
QUALIFIED OPINION
the financial statements.
and its cash flows for the years ended August 31, 2013
purchase. Canadian accounting standards for not-
the appropriateness of accounting policies used and
management, as well as evaluating the presentation of
AUDITOR’S RESPONSIBILITY
2013 BIBLE LEAGUE CANADA
An audit involves performing procedures to obtain
BASIS FOR QUALIFIED OPINION
described in the Basis for Qualified Opinion paragraph,
the financial statements present fairly, in all material
respects, the financial position of The Bible League
of Canada as at August 31, 2013, August 31, 2012 and
September 1, 2011, and of its financial performance
Adult Bible-based literacy classes help farmers read and learn
so they can increase their harvests.
2013 FINANCIAL
REPORT
Thank you so much for your support, there is
no way we can buy or get Bibles here.”
— Wong, church planter in China
FOR THE YEAR ENDED AUGUST 31, 2013
Financial sheets
BALANCE SHEET
STATEMENT OF REVENUES AND EXPENSES
2013
2012
SEPT 1, 2011
2013
2012
ASSETS
REVENUES
Current Assets
Contributions received
$5,969,889
$4,840,331
BFM Thrift Stores
$7,300,583
$6,956,393
Publication sales
$214,402
$233,678
$5,603
$21,686
$13,490,477
$12,042,088
$13,512,370
$11,997,425
$(21,893)
$44,663
Cash
$182,775
$252,518
$125,123
Accounts receivable
$41,538
$61,117
$103,690
GST/HST recoverable
$42,753
$71,347
$53,681
Inventories
$71,755
$57,134
$124,448
-
-
$5,946
$415,498
$292,181
$256,207
$754,319
$734,297
$669,095
Capital Assets (notes 2(c) & 3)
$626,394
$683,593
$710,962
Note Receivable (note 4)
$182,858
-
$2,192
$ 1,563,571
$1,417,890
$1,382,249
Note receivable - current portion
Prepaid expenses
Interest and other revenue
EXPENSES (page 24)
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENSES
STATEMENT OF CHANGES IN FUND BALANCES
LIABILITIES
Balance, beginning of year
Current Liabilities
Excess (deficiency) of revenues over expenses
Accounts payable and accrued liabilities
$78,334
$81,248
$90,270
Deferred revenue
$167,991
-
-
$2,497
-
-
$248,822
$81,248
$90,270
$1,314,749
$1,336,642
$1,291,979
$ 1,563,571
$1,417,890
$1,382,249
Government remittances payable
FUND BALANCES
General (Unrestricted) (page 23)
2013 BIBLE LEAGUE CANADA
ANNUAL REPORT
22
Balance, end of year
“I read the Bible and pray every day as I
2013
2012
$1,336,642
$1,291,979
$(21,893)
$44,663
$1,314,749
$1,336,642
have been taught by the pastor. The study
of the Scripture has made me joyful in the
living. Since I believed in Jesus Christ, my
life has been changed.”
— Banteay , age 12
2013 FINANCIAL
REPORT
Since I believed in Jesus Christ, my life has
been changed from day to day.”
— Phao, a ten-year-old boy in Cambodia
FOR THE YEAR ENDED AUGUST 31, 2013
STATEMENT OF EXPENSES
INTERNATIONAL
MINISTRY PROJECTS
CANADIAN
MINISTRY PROJECTS
ADMINISTRATION
FUNDRAISING
2013
TOTAL
2012
TOTAL
$2,045,443
1,529,707
2,554,973
1,222,716
1,789,455
15,336
63,739
$
-
$
-
$
-
$2,045,443
1,529,707
2,554,973
1,222,716
1,789,455
15,336
63,739
$1,487,297
1,193,178
2,527,111
1,378,083
1,595,491
52,469
5,659
58,035
24,687
112,262
20,736
7,256
29,208
8,117
34,782
9,514
40,678
10,717
133,998
20,736
7,256
29,208
8,117
34,782
50,577
344,973
20,736
2,681
7,256
29,208
14,310
31,364
58,698
196,431
Digital ministries
Insurance
Mailings
Ministry materials and services
Ministry publications and supplies
Office supplies and dues
Organization and stakeholder advancement
Partnership ministries
227,775
1,090
2,589
8,969
41,968
-
4,857
141,195
312,011
533,992
39,894
1,221
25,021
1,883
4,471
28,494
2,459
-
2,082
220,978
17,177
4,942
17,132
10,907
-
227,775
9,912
362,173
329,188
545,994
94,489
56,555
25,021
235,000
9,439
110,062
253,972
602,892
73,078
41,096
25,049
Postage
Professional fees
Property taxes
Repairs and maintenance
Salaries and benefits
Telecommunications
Travel and public relations
Utilities
6,200
957
1,355
287,467
1,365
1,190
27,603
4,265
9,592
901,830
10,264
50,013
5,223
12,152
26,828
1,654
10,454
275,491
5,041
38,221
2,017
11,832
1,828
2,743
386,024
2,606
57,771
2,259
57,787
26,828
8,704
24,144
1,850,812
19,276
146,005
10,689
32,826
10,527
8,789
15,609
1,801,233
16,149
156,126
11,265
$9,865,988
$2,203,930
$559,456
$882,996
$13,512,370
$11,997,425
Africa and Arab countries
Asia
India
Eastern Europe and CIS
South and Central America
Jewish ministry
International review
Amortization - building
Amortization - computer equipment
Amortization - furniture and equipment
Amortization - software
Bad debts
Bank charges
Computer expenses
Contracted services
2013 BIBLE LEAGUE CANADA
ANNUAL REPORT
24
2013 FINANCIAL
REPORT
Someone
S
omeone will need to tell my children about God.
hank you for not turning away from me.”
Thank
— Olga, a young woman in Ukraine
FOR THE YEAR ENDED AUGUST 31, 2013
Notes to the financial statements
STATEMENT OF CASH FLOWS
2013
2012
$(21,893)
$44,663
CASH FROM OPERATING ACTIVITIES
Excess (deficiency) of revenues over expenses
Adjustments for items not affecting cash
Amortization
$57,200
$59,881
$35,307
$104,544
Changes in non-cash working capital balances
1. PURPOSE OF THE ORGANIZATION
Gifts-in-kind are valued at fair value at the date of
The organization was founded in 1948 and was
contribution and included as revenues and assets of the
incorporated as a corporation without share capital
organization. When distributed, gifts-in-kind are expensed.
by letters patent under the Canada Corporations Act
Revenues from sales of publications are recognized
in 1971. The corporation is a registered charitable
when there is persuasive evidence that an arrangement
organization and is therefore exempt from the payment
exists, delivery has occurred, the price is fixed and
determinable, and collection is reasonably assured.
Accounts receivable
$19,579
$42,573
GST/HST recoverable
$28,594
$(17,666)
of income taxes as provided under the Income Tax
$(14,621)
$67,314
Act. Its purpose is to provide Scriptures and training
$(123,317)
$(35,974)
-
$5,946
$(2,914)
$(9,022)
$2,497
-
$167,991
-
$113,116
$157,715
Inventories
Prepaid expenses
Note receivable
Accounts payable and accrued liabilities
Government remittances payable
Deferred revenue
-
$(32,512)
$(182,859)
$2,192
$(182,859)
$(30,320)
INCREASE (DECREASE) IN CASH
$(69,743)
$127,395
CASH, BEGINNING OF YEAR
$252,518
$125,123
$182,775
$252,518
Decrease (increase) in long-term
note receivable
CASH, END OF YEAR
will be brought into fellowship with Christ and His
2. SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES
on the balance sheet but are expensed fully in the year
These financial statements have been prepared in
(c) Capital Assets
not-for-profit organizations and include the following
significant accounting policies:
of purchase.
Capital assets are recorded at cost. Contributed capital
assets are recorded at fair value at the date of the
contribution. Amortization is provided on capital assets
using the straight line method over the useful life of the
The organization follows the deferral method of
assets at the following annual rates:
accounting for contributions. Restricted donations
Building
4%
and grants are recognized as revenue in the year in
Furniture and equipment
20%
which the related expenses are incurred. Unrestricted
Computer software
10%
donations and grants are recognized as revenue in
Computer equipment
33%
reasonably assured.
26
Inventories held in other countries are not recorded
(a) Revenue Recognition
received can be reasonably estimated and collection is
ANNUAL REPORT
Inventories held in Canada are recorded on the balance
sheet at the lower of cost and net realizable value.
the year received or receivable if the amount to be
2013 BIBLE LEAGUE CANADA
(b) Inventories
Church.
accordance with Canadian accounting standards for
CASH FROM FINANCING AND INVESTING ACTIVITIES
Additions to capital assets
worldwide so that people prepared by the Holy Spirit
2013 FINANCIAL
REPORT
I received my copy of [Bible League Canada’s]
beautiful Devotional Day Planner yesterday.
It was an answer to prayer...”
FOR THE YEAR ENDED AUGUST 31, 2013
— from Fergus, ON
(d) Use of Estimates
(g) Financial Instruments
governance and general management expenses
benefits are allocated based on the hours incurred in
The preparation of financial statements in accordance
The organization initially measures its financial assets
are not allocated; other administration expenses
undertaking each function. Facility costs are allocated
with generally accepted accounting principles requires
and financial liabilities at fair value adjusted by, in the
are allocated on the following basis: Salaries and
on the same basis as salaries and benefits.
management to make estimates and assumptions that
case of a financial instrument that will not be measured
affect the reported amounts of assets and liabilities at
subsequently at fair value, the amount of transaction
the date of the financial statements, and the amounts
costs directly attributable to the instrument. The
of revenues and expenses during the reporting year.
organization subsequently measures all its financial
Actual results could differ from management’s best
assets and financial liabilities at amortized cost.
estimates, as additional information becomes available
3. CAPITAL ASSETS
COST
ACCUMULATED
AMORTIZATION
NET
2013
NET
2012
Land
$267,500
-
$267,500
$267,500
Financial assets measured at amortized cost include
Building
$518,402
$373,865
$144,537
$165,272
in the future. Significant estimates include those used
cash, accounts receivable, and note receivable. Financial
Furniture and equipment
$62,685
$52,783
$9,902
$17,159
when accounting for amortization and the valuation
liabilities measured at amortized cost include accounts
Computer equipment
$10,702
$10,702
-
-
allowance for accounts receivable. All estimates are
payable and accrued liabilities. At the end of reporting
$292,078
$87,623
$204,455
$233,662
reviewed periodically and adjustments are made to the
period, the organization assesses whether there are
$1,151,367
$524,973
$626,394
$683,593
statement of revenues and expenses in the year they
any indications that a financial asset may be impaired.
become known.
When there is an indication of impairment, the carrying
amount of the asset is reduced and the amount of the
(e) Volunteer Services
reduction is recognized as an impairment loss in the
Because volunteer services are not remunerated by the
organization and the difficulty in determining their fair
statement of revenues and expenses.
market value, contributed services are not recognized
(h) Allocation of Expenses
in the financial statements.
The organization engages in international programs,
Canadian programs, as well as fundraising programs.
(f) Foreign Currency Translation
The organization also incurs various general and
Monetary assets and liabilities denominated in foreign
administrative support expenses that are common to
currencies are translated at the exchange rate in effect
the administration of the organization and each of its
at the balance sheet date. Revenues and expenses are
programs. All costs that are allocated relate to either
translated at the exchange rate prevailing at the date
fundraising or administration expenses. With respect
in which the transaction took place. Foreign exchange
to administration expenses, the appropriate basis of
gains and losses are included in the statement of
allocating each component expense is identified, and
revenues and expenses.
applied on a consistent basis each year. Corporate
2013 BIBLE LEAGUE CANADA
ANNUAL REPORT
28
Computer software
4. OTHER ASSETS
7. CONTINGENCIES
Note receivable, BFM Foundation (Canada), no interest
The Bible League of Canada is a joint venture partner
and no specific terms of repayment.
of BFM Foundation (Canada) and each of its member
2013
BFM Thrift Stores. All net revenue generated by each
$182,858
2012
-
5. COMMITMENTS
Under the terms of various agreements and contracts,
the organization will be required to make future annual
payments of $2,631,400 in 2014 and $250,000 in 2015.
of the BFM Thrift Stores is, by the terms of the joint
venture agreements, to be for the beneficial interest of
the Bible League of Canada. BFM Foundation (Canada)
has established a fund to assist with the opening of
new BFM Thrift Stores in communities across Canada.
All funds received by BFM Foundation (Canada) from its
member BFM Thrift Stores are used
6. SUBSEQUENT EVENTS
(a) to increase the equity in the BFM Thrift Stores, and
Subsequent to the year end, the organization’s offer of
(b) to be contributed to The Bible League of Canada with
$700,000 to purchase land and building was accepted.
the express purpose to place Scriptures and provide
The closing date will be January 30, 2014.
training in certain specified countries or regions.
2013 FINANCIAL
REPORT
Thank you for giving me the chance to learn about Jesus
T
and become a Christian. I am so happy!”
— Anton, a young boy in Russia
FOR THE YEAR ENDED AUGUST 31, 2013
As of December 31,2012, The Bible League of Canada’s
9. COMPARATIVE FIGURES
August 31, 2013 (including comparative amounts for
of the organization, and accordingly no adjustments
restricted equity in BFM Foundation (Canada) was
Certain comparative figures on the statement of
2012), statement of revenues and expenses, statement
have been recorded in the comparative balance sheet,
of changes in fund balances, and statement of cash
statement of revenues and expenses, statement of
conform to the current year’s presentation.
flows for the year ended August 31, 2013 (including
changes in fund balances and the statement of cash
comparative amounts for 2012) and disclosures.
flows. Certain of the organization’s disclosures included
10. ADOPTION OF ACCOUNTING STANDARDS
FOR NOT-FOR-PROFIT ORGANIZATIONS
The adoption of Part III had no impact on the
in these financial statements reflect the new disclosure
estimated at $6,714,332 (December 31, 2011 —
$6,304,329 ). Approximately 50% of the unaudited
financial statements of the BFM Thrift Stores were
prepared internally and 50% were prepared by external
accountants.
revenues and expenses have been reclassified to
These financial statements were prepared in
8. FINANCIAL INSTRUMENTS
Unless otherwise noted, it is management’s opinion
that the organization is not exposed to significant
interest rate and credit risks arising from its financial
instruments.
accordance with Part III of the CICA Handbook Accounting (“Part III”).
The organization’s first reporting period using Part III
is for the year ended August 31, 2013. As a result, the
date of transition to Part III is September 1, 2011. The
(a) Liquidity Risk
organization presented financial statements under
Liquidity risk arises through having excess financial
its previous Canadian generally accepted accounting
obligations over available financial assets at any point in
principles (“CGAAP”) annually to August 31 of each
time. The organization’s objective in managing liquidity
fiscal year up to, and including, August 31, 2012.
risk is to maintain sufficient readily available reserves
As these financial statements are the first financial
in order to meet its liquidity requirements at any point
statements for which the organization has applied
in time. The organization achieves this by maintaining
Part III, the financial statements have been prepared
sufficient cash and cash equivalents.
in accordance with the provisions set out in Section
1501 of Part III, First-time Adoption by Not-for-Profit
(b) Foreign Currency Risk
Management is aware that the organization is exposed
to changes in the exchange rates as it receives
contributions, pays for expenses, and provides grants
Organizations.
The organization is required to apply Part III effective for
periods ending on August 31, 2013 in:
(a) preparing and presenting its opening balance sheet
in various foreign currencies.
at September 1, 2011; and
(b) preparing and presenting its balance sheet for
2013 BIBLE LEAGUE CANADA
ANNUAL REPORT
30
previously reported assets, liabilities and fund balances
requirements of Part III. <
...but the word of the
Lord endures forever.”
—1 Peter 1:25 (NIV)
Thank you for helping to transform lives
by placing the Living Word of God.
“Give praise to the Lord, proclaim
his name; make known among
the nations what he has done, and
proclaim that his name is exalted.”
—Isaiah 12:4 (NIV)
Box 5037 Burlington, ON Canada L7R 3Y8
bibleleague.ca
[email protected]
1.800.363.9673
Charitable Registration Number: 10822 2084 RR0001
of Bible
Agencies
international

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