REGISTERED COMPANY NUMBER: 02320164 {England and Wales) REGISTERED CHARITY NUMBER: 100221)5 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS TrOR THE YEAR r.NDf.D 31ST DLCFMIIER 2023 OR BIRMINCHAM CHRlS'fiAN COLLb.Gb Leroy Reid & Co Chartered Certified Accountants ond Statutory Auditors 299 Northborough Road Norbury London SW16 4TR
BIRMINGIIAM CIIRISTIAN COLLEC.E CONTKNTS OF THE FINANCIAI. STATF.Mfi NTS FOR TFIC YEAR EI NDED 31ST DEI CEMBfR 2023 PAge Reference and 4dmlnigtratlv¢ detsll8 R¢port of th¢ trustees 2 to 8 Report of th¢ Independent oudltorj 9 to 11 Statsment of Ilnancial ietlvltles 12 Balance •heet 13 Cajh flow atstement 14 Note8 to the cash flow 8tatem¢nt 15 Nots& to the finanelal statements 16 to 23 Detallcd JtV4tement or rinaneial actlvltles 24 to 25
BIRMINGHAM CHRISTIAN COLLEGE REFERENCE AND ADMINISTRATJVE DETAILS FOR TIIE YEAR INDLD 31ST DECEMIILR 2023 TRUSTEES Dr L A E Donkor Chaim]an Rev W D Kugbeadjor Rev K J Frempong-Boadu Mr K J Adomako Mrs W Agyemang Rev F O Kwaah Rev Prof, K Agyapong-Koduah Rev E A Bekoe Rev E K Nyameky¢ Rev D A Eduah (appointed 29.1.24) Dr C G Agyeman (appointed 29.1.24) Rev A Arthur (appointed 29.1.24) Mrs A Adoma-Kumi (appointed 29.1.24) Dr E Appiah-yeboah (appoinled 29.1.24) Dr Mrs l Essiam (appointed 29.1.24) COMPANY SECRETARY R¢v W D Kugbeadjor REGJSTERED OFFICE Crowther Flall Hamilton Drive Selly Oak Birniingham Wesl Midlands B29 6AJ REGISTERED COMPANY NUMBER 02320164 (England and Wales) REGISTERED CHARITY IYUMBER 1002205 AUDITORS Leroy Reid & Co Chartered Certified Accountants and Stalutory Auditors 299 Northborough Road Norbury London SW164TR Page I
BIRMINGHAM CHRISTIAN COLLECE REPORT OF THE TRUSTFES FOR THE YEAR ENDED 31ST DECEMBER 2023 'rhe trustees who are als() dircLtors of the charity for the purposes of the Companies Act 2006, prebent their report with the financi¢il statements of Ihc charity for the year ended 31 st Dec¢mber 2023, The Irustees have iidopted the provisions of Accounting and RLporting by Charities.. Statement of Recommended Practice applicable to charitics preparing their accounts in accordance with the Financial Reporting Standard applicable in thc IJK and Republic of Ireland (fR8 102) {cffectivc l January 2U22). ()B.IECTIVES AND ACTIVITIF,S Objeclive5 and aims The principal objective5 of the charity are defined by thc Memorandum of Associalion of the Comp¢iny follows.. l. Promoting the advancement of the Christian faith in the UK and ¢lsewhcre by spreading the Gospcl (yf ihe Lord Jesus Christ. 2. Providing education and training in thc knowledge, undvrstsnding and praclicc of thc Evangelical Chrislian faith and to do llll such Ihings as arc ncccssury to the attainment of that object. 3. Since COP-UK also has among its main objcclivcs.. lo advance thc Christian faith and advance cducalion, BCC'S working Partnership is working well and resulting not only in mutual benefit bul also bcncfiling Ihe public in way8 Ihat either of them would have found difliculi io achiLvc in the Curn( circumstances. About four hundred and sixty two lay-leaders uf the church bcncfited from various training 4Ltivitics run by BCC. Also, foty youth from Ihr¢e universilies in the Midlands who are youili leaders of th¥ COP had a training event at Ihe BCC campus that was t'acilit&lcd by BCC stafr, Public benefit Facil ilies of the I lamillun l)rive campus wcrc availablc for usc at subsidiscd rutcs Ihroubyhout the year and thc B Tl(; used the site facilitie5 a5 Settings for .sorne televi8ion programrnes. 'l-hc faLilitlC.8 also housed many actors and director% of the13BC I)uctors Series and accL)mirioduted rrsid¥ntial lay-leaders. A5 the upgradin&i ofthc faciliti¥5 is nearly complcted, we arc bcginning to receive enquiries frum diffcr¢nl blroups of the publir. Qncc thc Crowihcr Hall, which has a larg¢r hall, 15 Lomplclcd public interest in the site has now grown and we are happy to scrvc our ¢ommLLnlty, Pag¢ 2
BIRMINCHAM CHRISTIAN COLLEGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023 STRATEGIC REPORT Achievement And performanee Charitable a¢tivitie$ Summary of Aelivities The Birniingham Christian College (BCC) maintained its commitment lo delivering ministerial training and theological education for both clergy and laity acmss Europe and the Middle East. We are glad to announce that our new satellite campus. the RCC Den Haag Campus, Netherlands was inaugurated in October 2023. A total of 641 students, including ministers and officers of the ChUh, were actively engaged in various programmes al our UK and the Neiherlands campuses. These programmes included BA and MA in theology, professional counselling, Christian Minisiry and Leadership, and Christian counselling certificate programmes. A total of 248 graduat¢d in November 2023. During the year, the campus underwent significant enhancements to improve security and educational facilities. Specifically, CCIV syblern5 were inslalled acrosy the Lampu5, enhanLing safety and surveillance. Addilionally, ncw intcraclive touchscreens were installed in both classrooms and offices within th¢ Cr()wther Hall building. 'Ihese technological upgrad¢s aim to el¢val¢ th¢ teaching and learning experience for our dedicated staff and stud¢nts. Achievement and Perlormanec New Sat¢lll¢e Campu$, IJCC Den Hllag CAmpus, The Iyetherlands A 5alellite campu8, Ihe Binningham Christian Collcgc (BCC) D¢n Haag in ihc Nctherlands waq 01¢11171Y inaugurated on Salurday. October 7, 2023. '1'he c¢r6mony was prebided ov¢r by Apostle P,mrnanu¢l Agy¢mang Bekoe, the Internalional Mission Dir¢Ltvr of the Church of Pcntccosl (COP). A total of 77 sludenl5 enrolled in the Ccnificate in Christian Mini81ry and l.eadership and Ihc Introduction to Christian Coun5clling courscs, which Lomml'nccd in Novcmbcr 2023. Ihi5 milestone rLflccls BLC and the church's Lommitment to equip and empowcr Icaders for th¥ir vital roles within the ihurch and Ihc nations, b. Cpraduation Qn Novcmber 4, 2023, 248 studen15. includinLi ministers and officcrs of Ihc ChurL.h who had successfully complctcd various cour.%L8 gpraduated al our Bimiingham Campus. Notably, thi8 included the awardinby of the fullowing qualificalions.. BA in 'lTheology and Diploma in Theology (validated by Birmingh8m Ncwman University), l.evel 2 Cerlificalc in Counselling Skills and Level 3 Certificate in Lounselling Studies (validatLd by ihc Counselling and P5ychoihcrapy Ccntral Awardinb Iludy), CL'fiificalc in Christian Mini.4lry & Lcadcrship and Introduction tu Christian Counscllinb (Validated and awdrdcd by Ncfc and BCC). . Miniytery, Wives Training I'he College or¥aniscd a one-week residential Chrislian counsclling training lor ministers, wiv¢s in the UK and Europc in March 2023 lo cnhance their 8ki115 dnd knowlLdgc and cquip ihcm Inr Ihcir vilal roles. d. Additional Start Date in the Academic Year Starting from 2024, the Ilirniinblham Chri8lian College (BCC) will offer two slart datcs within thc academic ye(Ir for our BA and MA programmes. 8iudenls who miss the traditional S¥piember intake now have the opportunity to apply and commence their studies in January. e. Review of Church Training Progrgmmes & F.Dhancing Acce85 Partieip8tion We have rcviewcd Ihc Introduction tu (:hri.stian Counsclling and ihc Ccrtifjcatc in Christian Ministry and Lcadcrship courscs, inLluding ass¢ssment tnelhod5. marking and f¢¢dba¢k to students in rcsponsc lo NcfE's r¢quircment from our last external quality verification visil. 'fo enhance access participation. BCC introduc¢d a one-ycar Ccrtificale in Christian Ministry and Leadership programme in thc Akan language in 2023. This programme spccifically c&tcr8 lo lay leader8 Within the Church in Curope Éind the Middle P,ast who expressed a desire to enrol in a course conductcd in ihe Ghanaian Idnguagc, which aligns with their worship scrviccs. This initiative rcflcct5 the Church and BCC'S Lommitmenl to mceling Ihc diverse linguistic needs of its students and ernpowering leaders for effective ministry to tranyforni their world for Christ. r. Succe59lul Registration with Ihe Office for Studcnts (Ofs) In July 2023, the Office for Slud¢nts officially confirmed ils d¢cision to register Birniingham Christian College in the register of English Higher Education provid¢r5. 'fhis achievement r¢prosents a significant Tnileslone and a notable enhuncemenl to the collegL'S reputation. Page 3
BIRMINGHAM CHRISTIAN COLLEGF REPORT OF TIIF, TRUSTEES FOR THF. YFAR ENDED 31ST DECEMBER2023 g. Research Hub Our research hub st'arted in 2023 to undertake research on new Christian expressions and collaborate wilh relevant organisations and institution5 to solve real-life and current global problems, Ihereby building a generation of academics and students who are solution-centred. BCC secured funding fror a projcct on eco-theology from Saltley Trust Group, 14inningham. As part of the initiative, BCC will run an ecumenical series of workshops to engage Christians in the local community on eco-thcology and creation care practices. The content of these workshops will bc global in scope, bul rooted in local concLrn% and the ways that the environmental crisis can be feli and addresscd. Other siinilar initiatives are planned for 2024. h. Marketing Strategy Meeting. The College'5 Managjcmeni (tnd the Team of volunteers had a day's workshop in May lo preparc a Markcling Siraiegy to prnrnolL' the Collcge's Strategic 8oal8 with rLspect lo student recruitment, outreach and widLning part)ClP<ilion aclivily by supporting the C(Jrporate Strategy, the BLbsiness Plans of th¢ college and the aspirations of applicanls and partncr organi.8alions, Thc plan has bL¥n dcviscd l() increase awareness of thc coll¢ge, to incrca5e understanding of the colle8¢ and to in¢rc&sc engd¥Ctneni WLlh Ihe Colltigc's partn#rs. l. Public Ilenefit Th¢ faci lilics of IhL I larriilton Drivc carnpus were available for usc (il .8ubsidised rates throu&yhoul thc y¢ar. Thc BBC uscd the site (dLilitics as bettings fur SOTne telcvi%ion prograiTIJTI¥S. I'hL. fd¥ilitie% also housed many actors lind dircciors of Ihc BL4C Duclors Series and accornmodaicd rtysiLILntial lay leadcr5. P'ulluwing th¥ requircmLn15 of Building Control, the Cr(Jwlhcr Hall rvnovations were compl¢l¢d in Augyusl 2023 with thc installation ol. disabl¥d refuge uni15 and fire doors tci the first flonr aiid tho basement. W¢ have siiicc hostcd rclrcats far Hatficld PTWC and I),N$A Messengers Academy and Gateway CliurLI) hire5 uur Conferencc Room cvcry Siinday for Ih¥ir worship scrvicc and ULLasionally for othcr event5, 'IhL Lollcgc currently offer.5 300/D discounl to 115 PUrtn¢r urxaiiisation8 aiid other charitics lor rcsidcnlial rctrLal% and contcrcncL5. inaneial revicw inunciul po8ltio -I'he findnLial statemLnt% havc been drawn up in 8ccordaiicc with Ihc ("ampanics Act 2006, Ihc Charitie5 Act 201 I; the IruslLc.8 have a(Inpted th¢ provisions of Ihc Sialemeyil uf RL0MMended PrdLIicL' (S()RP) Accounting und Rgp()rtin% by ChdritiL% upd4l¥s in 2015 in prcparing the annual rLPOrt and financial slalLmcnt5 01. IhL Lharily. 'I'he finanLial results show Iliut thL college was locuscd on achicvinE dn un-going viablL opcralional rcgime with Lompli'tely new activities and had reslricled other operations lo preservL its financial re50ufLe¥. 'I'he Charity is vperaling from their currcnl loLation undcr J 99 year I¢ube whiLh ¢omm¢nLcd on 241611968 and cxpircs on 2J1612067. As for reLent years overall surplu$es have been invested in the lung-term relurbishment of tlie pmvision of ihc collcgL. Thc net book V£iluc under Ihc leasehold provision now stands at £1,896,853 (2022- £1.941,745) and there 15 44 year5 rL'mainii)&F to IhL Lnd of the ledse terin. The addilional cxpcnditure is mainly f'Llrthor uncapitalised maintenanrl costs with day-tu-duy low-l¢vel op¢rations incurring £64,792 (2022.'£147,799) in the year under rcvicw. Rescrvc8 policy The -1 ruslccs liave delennined Ih41t the College must., hold a miniinum Icvel of re5erve.s (defincd as thc a.Iscls which are C¢isily dvailable in Ihc Short lerm. c.g. cash, inve5tTncn15, current monies owLd) cquivalcnt lo 2 months, worth of oper¢iling cust5. set a planncd upper limil on our largcled res¢rve level so that we do not hold funds back from dvlivering our charitable uctLVltie5 unnecessarily. 'lThc College airns lo manage our reserves within the upper and lower reserve limits. or 'reserves corrido) We monitor our short ¢d mediiiin for¢ca.%t position lo identify risk5 that could cause us to fall outside of this corridor (cithcr side of it), and what correctivc actiuns Would be required to bring us back inla the rorridor ()vcr a rolling Ihrce-year period. 11 is essential that our minirnuin reserve requiremLnl is met by the 'liquid' assets so we C¢in be confident tliat we would have the funds at any Lyiven PDint in tiine should we need them. Liquid A55et5 are i'eddily aCCLssible assels. such as investments and casli. Page 4
BIRMINGHAM CHRISTIAN COLLEGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023 STRATEGIC RF.PORT Finaneial rewiew Going concern The directors considers that the Collegelcharity accounts should be prepared on the goinL) concern basis. 'I'hi5 was deterniined by the working partnership between The Church of P¢ntecost-UK(CoP) by which BCC is engaged to train both lay-lcaders and clergy of the church in ihe whole Europcan continent and beyond. This arrangcmenl guaranlces student recruitmcnt in the very long lenn. Also, a long-temi lease of the BCC carnpus in a ccntral location in BiiThingham for over torty years gives the college the necessary facilities lo serve the churches in the Tegions. BCC continues to opcrat¢ wilh the assumption thal it will remain active for the forcsveable future and thal it has the rcsourcLs n¢¢d¢d 10 continue operaling indcfiniicly unlil li providcs evidcnc¢ £0 Ihe contrary. To offsel such cosls ari.ling from unfores¢¢n faclors impacling ihe abilily ol. thc College to deliver cducation, the college ha5 bu¥ine.4s inierruplion cov¢r of £1.8m. Should the event not be Lovered by insurancc the college is confident th¢lt its partnLfship wilh Th¥ Church uf Penlecost-UK provides it with a level of re&erves which is more than adequate to cov¢r any cvcntuality. Prlneipal risk5 and uncerlaintics 11 is LXtrLmcly unlik¥ly Iliat the College would cease lo opcratc through no choice of its own. 'I'he Collcgc is a fully owned subsidiury of the Church of Pcntccost, a ¥lubal Church which iy financially slablc and of signifiLanl regiunal and nalional economic impDrtancc. (Jivcn this, whilst any provider wuld pol¢nlially close, il is possible ihat we WL)uld continue to operatc undcr the Church of Pentecost as d provider of educational 5ervice5 10 ils mcmbcrs and leadership. 'I'hc truslces roview mujor potential risks thal thc CollcgL faccs on a regular basis, As part of thc on-goinL comprchon.sivc site review and planning, continuing risk8 are being rcviewcd progrcssively. 'I'he right ILvel of insurancc is always used lo mitigiute 80mc of IhL ri¥k when dppliLable. 'I"h¥ ¥nunnity of thc capital funding) r¢quired for the upgrading ot. tlie site and 118 facilitics Wil.4 con.4idered a majur risk. IIuwLvLr,both the Intcrnalional and National Councils of 'l'he Lhurch i)I' PcnlLLost upliold the partnership whereby as ils 5ubsidiury, 11)e Lhurch suppofls EJCC in an arrangyement that is n)ulually b¢nefiLial to the two charities. Also, part of the trainingy budk4et of Ihc church was givLn luwards the operali(Ins of BCC.Thc church also gives full fees or burs¢iries for lay-l¢adcr.s lo train at BCC and made vailiiblu additional mcinbcrs of ytaff on secondment to w<)rk at Ihc collegbe dnd funds a Iccturcship posl al the church's expense beLausc ol. Ihc training BC.C. pr()vidcs to IhL chiirLh and ihc publiL. Page 5
BIRMINGHAM CHRISTIAN COLLEGE REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023 STRATEGIC RFPORT Future plans The partncrship between BCC and the Church of P¢nlecost-UK (COP-UK) eiiabled the ¢ollcge to continue running training courses for COP ministers and leadcrs throu8houl the year. The delivery of Iraining will conlinu¢ al undergraduate and poslgraduate de&yrec levels. This is cnhancing our prospects for more clients and individuals coming to us for Iraillin8. In addition to thes¢, th¢ trustees intend to work iowards offering otlier programmes and shorl courses open to Christians and the public within the West Midlands and further afield. a. Proposed New Programmes i. Professional Counselling - CPCAB I.evel 4 Programme The documcnlation for accreditation of the Lcvel 4 Diploma in I'herapeulic Counselling course, which is the prcrcquisitL for profcssional counsellors has been submitted. The College will begin to dcliv¢r the programme validatcd by thc Lounselling and Psychotherapy Central Awarding Body (CPCAB) by May 2024, ii. Business ManagLmcnt Programme WL. h¢lVL submittLd all the documenlalion for the BA & MA courses in Busin¢ss Managcmcnl to the 13imingham Ncwman lJniver.sity. 'I'he following proLirammcs arL planned.. Business P oundution Prograinmo, t4A 14usinLs5 Manabvement & Entrepr¢n#urship, 13A AL¢i)unling & I. inance, IIA Businesy Adminislration, MA Slrategic l.ead¢rship & Manab?cincnt, and MSC International Busincss Management. IlowevLr, we have re¢¢ivcd fccdback from the university iiidicating ihdt there are conccrn5 about Ihc siniilarity in nanics bclwccn our propos¢d programmcs and those the univ¥rsity plan5 to oflcr in thc futurc. As a resull. they havc dcfcrrcd their dccision pending rther clarificali()n. We are engiiging with Ihcm lo rcsolvc thcsc issucs. b. Crowther Hall Furnishing roll()winLP Il)c cornplLtion of the Crowther Hall after all buil(linbi rebTulations N'quircmenl.s wLre mcl, thL furnishing of thc building bLgiaii Ihis year with the inslallalion of ncw inleraclivc louchscrcens in b()Ih cl¢lSSroom8 and orrices within th¢ building. I"hv F'ire Risk Asscssor and Building ConlrDI have rccommcndcd that, gTIVLn the exisling firc exits, the maximum LupaLily for Ihc Iirsl tlnor of Ihe building is 120 peoplc. To accommodatc approxiniately 220 occupanls, WL mu81 in.slall an cxterior lire L.4capL l()r IhL' I'irsl floor. Addilionally, aur plans for 2024 includc fumishinbj the leLtur¥ room, library, and ol'fices with dLsks. chairs and dcsklup coinpulcr.8, among ()Ihcr necessary items. We arc commiltcd lo Lomplcling Ihis work by Ihc cnd of2024. c. Roof and Gutter CleaninR of All HuildinRs on Site. Wc plan lo carry out this exerLi.s¢ on Lh¥ buildingis i)n silL lo avoid severe roof problems, struclural damage und costly future repairs. d. Application (or Skilled Worker and Student Sp(Jnsor Lieenee Following the registration of BCC in Il)e rLEister of f4 ngli8h I lighcr Education providers by tlie Ofs, we plan In .8ubmit an application to Ihc LJKVI lor the skilled wurker and sludent typi)nsor li¢¢n¢e. Ilpon successful approval, the licence will cnable Ihc rccruiimcnc of skilled workers and intcrnalional studeiits around the world. This Inove demonslrales BCC'5 Lomniitmenl to providing quality education, promoting cri)ss-cultural understaiiding, and offLring global perspcctivcs lo cnrich the Educational experience of our stLid¢nls while supporting inlernalional sludents. STRUCTURF, GOVLRNANCE AND MANAGF.MTr:NT Governing documcnl 'rhe College is a charilablc company limited by gudrantee and e5tablishcd by Memorandum and Articles of Association datcd 22 Novembcr l ()¥8. It is governed by Director5 who are also .1 rustees for thc purp05c of charity law. In the event orth¢ charity bcing wound up, the li(Ibilily of ihc incmbers is limited lo £1 each. Page 6
BIRMINCHAM CHRISTIAN COLLEGE REPORT OFTHE TRUSTELS FOR THE YEAR ENDED 31ST DECEMBER 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment And appointment ofneiv trustees The Directorsll rustees who 5eTved during IhL year were as follows: Rev Dr L A E Donkor - (Chairnlan) Rev W D Kugbeadjor - (SecretarylPrincipal) Rev K J Frempong-Boadu Mr K J Adomako Mrs W Agyemang Rev F O Kwaah R¢v Prof. K Agyapong-Koduah Rev E A Bekoe Rev E K Nyamekye (Appointed- 2110212023) The truslees were recruited in recognition of the current needs of the Board and of the skills and experionce of the prosp¢ctivc appointee, There is a process for the appointment of new members thal includc5 a review of prosp¢ctivc trustee5 by Board mernbers. Training for new tNst¢CS 15 arranged according to individual circumstance5 and with recognition of previous experience in working wilh charities and charitable companies. MaiTsly, the trustees are drawn rrom a pool OF leaders frum our parthcr Lhurch, The Church of Pentecos¢ and some individuals who hdve the necessary skills-sel, knowledge and experiencc. OrgAnlsatlonal structure The Bourd of I"rustees is in overall charg¥ of the charity. Day lo day management of operational artivities is managed by the Principal, Rev. William Doe Kugbeadjor. who is also the secretary of the Board of Trustees and il tearn of senior manag)ement staff. Thc boiird worked conscientiously to ensure Ihat BCC and COP-UK benefits mutually from the activities at BCC and these two charities, objectives are met in the process. STATEMENT OF TRUSTEES, RESPONSIBILITIES The tru8lees (who are also the direclors of Blrminbham Christian College for the purposes of company law) are rL'sponsiblL lur prcparing the Report of the trustees and the financial statements in accordance with applicable law and lJnitcd Kingdom Accountins Standdrds (United Kingdom Generally Accepted Accountii)g Practice). Company law requires thc trustcos to prepare financial slalcmcnls lor each financial y¢ar which give a true and fair view of the slate of affairs of the charitablc company and of. thc incomingy resourLes and application of rcsources, including thL income and expenditur¢, of th¢ ¢haritabl¢ company for Ihat period. In preparing those financial stdlement5, the trustees arc rLquired lu sclccl suitable accounting policies and then apply them i()n4istently' observe the methods and principl¢.1 in the Charity SORP. make judgement5 and estimaleI4 thmt are rcasonable and prudcnt. pr¢pare the financial slaternents on the going ¢oncem basis unl¢ss it is inappropriate to presume that ihc charitable company will c<)ntinue in business. The truslecs are responsible for kL¥ping proper accounting records which disclose with T¢asonable &¢curacy at any time the financial po,%ition Df the charitable Company and to enabl¢ them to ensur¢ that the financial statements comply with the Companies Art 2006. They are also responsiblc for safeguarding the asset5 of the charitable rojnpany and hence for taking reasonable steps for th¢ pr¢v¢nlion and detection of fraud and other irregularities. In so far as the Irustees are aware.. there is no relevant audit infomiation of which Ihc charitable compdlly'5 auditors are unaware,. and the trustees have taken all steps that they oughl lo have takcn to make themselves ilwiire of any Televant audit infonnalion and to establish that thc auditor5 are aware of that information. AUDITORS The auditors, Leroy Reid & Co, will be proposed for re-appointment at th¢ forthcoming Annual General Meeting. Pagc 7
BIRMINGHAM CHRISTIAN COLLEGE RCPORT OF TIIE TRUSTEES FOR THEI YEAR ENDED 31ST DECEMBER 2023 Report of the tsustees, incorporating a Strategic repo¢ approved by order of the board of tNstees, as the company directors. on AthMAY,2Q24.. , and signed on th¢ board's behalf by: Rev Dr Lord E Donkor Chalrniin Rev W D Kuglieadjor Seeretary Page 8
REPORT OF THE INDEPENDEiYT AUDITORS TO THE MEMBERS OF BIRMINGHAM CHRISTIAN COLLEGE Opinion We have audited the financial statements of Birniingham Christian College (the 'charitable company,) for the year ended 31 st December 2023 which comprise the Statement or rinancial activities, the Balance sheet, the Cash flow statement and notes to the financial statements, including a summary of signiticant accounting policies. Ihe financial reporting framework that has been applied in their preparation is applicable law and ljnited Kingdom Accounting Standards (United Kingdom Generally Accepted AccouT)iing Practice). In our opinion the financial sÉatemenÉs: give a true and fair view of the slate of the charitable company'5 affairs as at 31st December2023 and of ils incoming resources and appltcation of rcsources, including its incom¢ and expcnditurc, for the year then endcd. have been properly prcparcd in accordance with United Kingdom Generally Accepted Accounting Priiclic#' and havc bcen prepared in accordance with the requirements of the Companies Act 2006. Basis for opinio Wc ci)nduilcd our audit in a¢cordanc¢ with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are fijrther described in th¢ Auditors, responsibilities for the audit of ihe rinancial staicincnis seclion of our rcport. We are independcnt of the charitable company in accordance with the ethic411 requircin¢nts thal are relL'vanl lo our audit of the financial qtalemcnts in th¢ UK, iii¢luding thc FKC'5 Ethical Stonddrd, and we have fuifillcd our olhcr clhical rc.8ponsibiliti¢$ in a¢cord<inLc with ihcs¢ requirements. Wc bcli¢vc thal IhL audit evidence we have obtained is sufficient and appropriate to provide a b#8is for our opinion, Coneluslons relatln% ¢0 going concern n audiltng lh¢ finan¥ial slal¥ments, we have concluded that the trustees, us¢ of the going concem basi.8 of accounting in thc prcparalion ofihv financial statements is appropriatc. Ilased OT) the wurk we have pcrf()rmcd, wc have not idLnlified any matcrial iincertaintics relating lo event.8 or condiiion. that, individually or ¢()IleclivLly, may casl 8ignifiLanl doubt un tIIL vharitablc ¢ompany'8 ability lo conttnue a4 a going concern for tl PL'riod of at Icust twelve months from when th¥ fiiidnciiil %tiilLments are authoriscd lor i8%UC. Our rc8ponsibilitiC8 and the respollsibililies of Ihc truslccs wilh rcspcct to goin cunLern are desLribcd in the relevant seLtiun.s ofthis rcport. ther information The Ii'uslLe.8 afL rcspL)nsiblts for the other infornialion. Thc olhcr infornialion compriscs the infonnalion includcd in the Annual r¥porl, L)ther than thc financial slalcmcnts and oiir Report of ihc indcpL'ndLnt auditors ih¢r¢on. Oiir opinion on thL linanci41 51aternL'nts doL% nut cover the other informaiioll dnd, CXCLPt to Ihe extent oih6rwi%c cxpliciily stated in our r¢p()rt, w¢ d() nol expre8s any l()nn ()f'us%urancL conclusion Ihereun, In connL¢tivn with our audit of the financial statements, our respoiisibility is l() r¥ad the other infomalion und, in dving so, considLr wh¢ih¢r the other infornialion is materially inconsistent with the financial .statemenls or our knowledge obtained in the <iudit or otheNi8c appLa lo bc mat¢rially mi58laicd. If wc ideniify such rnaleriul inconsislcnciLs or apparent IndtLrial Ini5stalLm¢nCs. w¢ are required to det¢rm ine wh¢ihi'r thi.4 gives risc to a rndlcriiil Ini88lalcment in thc financial %ldlements thcmselves. If, based on the work we have perfonned, we con¢ludc that therL is a mdlvrial misstatemeTiI uf this oihcr infonnation, wc ar¢ required to report that fact. We hav¢ nothing lo report in this regard. Opininn.q on tsthtr matters prescribed by thc Compani¢9 Act 2006 In our opinion, ba5¢d on thc work undcrtakcn in thc cuursc ()[ Ihe audit.. the inforniation givcn in th¥ Report ol the Iruslees for ihe financial year for which ihc financial statements arc prepared is Lonsislent wilh th¢ finaiicial slal¢mcnts; and Ihc IILPOrt ol the trustves has b¢en prepared in accordance wilh applicable legal r¢quirements. Page 9
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF BIRMINGHAM CHRISTIAN COLLEGE Matters on whleh we are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtaiT]ed in the course of the audit, we have not identified malerial misslatements in the Report of the trustees. We have nothing to report in respcct of the following matters where the Companies Act 2006 r¢quires us to report to you il, in our opinion.. adequate accounting records have not been kept or returns adequate for our audit have not been received from branchcs not visited by us. or the financial statements are not in a¥reement with the accounting record5 and returns- or certain disclosures of truste¢5' remuneration specified by law arc nol made. or we have not received all the infonnation and explanations wc require for our audit. ReJpDnslbilities of truitees As explaincd more fully in the Statement of trustees, responsibilities, the Irustees (who are also the direclors of the charitable company for the purposes of company law) ar¢ responsible for the preparation of the financial 51alem¢nts and for being salisfied that they give a true and fair view, and for such internal control ag the trustce.s detemiine is necessary to enable the preparation of financial slatements that are free froin material misststement, whethcr dug to fraud or error. In pr¢paring the IancIal statements, the truste¢5 arc responsible for asscssing ihe charitable company's abilily to ontinue as a going concern, disclosing, as applicable, matters r¥lated to going conccrn and U5Lng the going conLem basis of accounting unless th¢ trustees either intend lo liquidatc the charitablc company or lo ceabe operations, or havc no rcalislic altcrnalive but to do 50. Page 10
REPORT OF THE INDEPEIYDENT AUDITORS TO THE MEMBERS OF BIRMINGHAM CHRISTIAN COLLEGF. Our responsibilities for the audit of the finanebal statcments Our objectives are to obtain reasonable assurance about whether the financial staternents as a whole are free from material Inissiatement, whether due to fraud or error, and to issu¢ a Repon of thL independent auditors that includes our opinion. Rcasonable assurance is a high level of assurance, but is not a guarantee thal an audit conducted in accordancc with ISAS (UK) will always detect a material misstatement when il exists, Misslalemenls can arise from fraud or error and are considered material if, individually or in the aggregate, they could rcasonably b¢ cxpected to influence the economic decisions of uscrs lakcn on the basis ofihcse financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above, to detect material mtsstateinenls in respecl. of i¢SUIrItIes, including fraud. 'rhe extent lo which our procedures are capable ofdelecting Ie&lUIar1ties, including fraud is delailed below: As part of an audit in accordance with ISAS (UK), we exercise professional judgement and maintain profcssional scepttLisni throughuul the audit. We also.. Idcntify and asscss th¢ risks of malerial Inisstatement of the financittl statements, whcther du¢ to fraud or error, d¥sign and perforni audit procedures responsive lo Ihosc risks. and obtain audit evidLncc ihat 15 sufficient and appropritite to providc a basis fnr our opinion. Thc risk ol. noi dclccling a Inaterial misstalcmcnl rcsultinb from fraud is highcr than for ()nc rcsulting from error, as fraud may invnlvL collusion, lorgyery, intentional omissions, misrcprcsentalions, or the ov¢rride of internal control. Obtain an undcrslandingy of internal control rclcvant lo the audit in order Iv design audit proc¢dures that are appropriate in the circum¥tanLe5, but noi for the purpose ot. expressing an vpinion ()n tlie eff¢ctiv¢ri¢ss of Ihc ¢h4irilablc company's internal conlri)l. .valuate the appropriaiLnLSS of acLountinb policies uscd and thc reasunableness of accountinbi Lycimatcs and related di8closur¢s mddty by Ihc Iruslccs. C.oncludL (?n IhL appropriatciic.ss of tlic truslees, use of the going concern basis of Mccounting and, based on Ihc audit cvidcnce obtaincd, whether a Inalerial uncertainty exists rLlal¢d lo even15 vr condilions that may Lust signilicant doubt on ihc charitable comptiny'.% #bilily to cuntinuL ils (i going u<)ncem. If we conLludL' thill a material unLertainly exisls. wc are required to drW altenlion in our Rcport ot. Ilie independcnl audilors lo thc rcl&lL.d disclosures in thc financial statements or, if such disclosurcs arc inadcquatc, to inodify our opinion. Our Lon¢lLision.s arc based on the audil evidL'ncL (Trbl(iincd up lo Ihc dalc of our Rlporl of the indcpLndcnl auditors. Ilowevcr, fulurc events or Londitions niily causc Ihc charilablc conipany's to ceastt to conlinuc as a going concLrn. P'v&ilualc tlie overdll presenlalion, strLlCturL and conlcnt ol. IhL financial statements, inLluding ihc disclusurL5, and whether Ihe financial slatcmcnts rLprLSLnl thc undcrlying Iransaction% and cvents in a munnLr Ihal achicves fair presentation. Wc c()mmuniLdle wilh 1110se Lharged with governancc reuyardingT, timong othei. maller8, thL planncd SLope iind tirniiig of IhL aijdil and significant dLidii lindings, includinb> any sibjnificanl dttficiencies in internal conlrol ihal we identify during our audit. Use of our report 'I'hi% rLpc)rt is made solcly to Ihc charitable Loinpany'5 membcrs, a.q a body, in acLord&nce with Chapter 3 of Part 16 nf the Companies Act 2006. Qur ¢iudil work b¢en und¢rt¢ik¢n SD that w¢ might siatc tu the charitabl¢ Lompc1ny's member.8 those malter5 we are required to slate lo them in (In audilurs, report and for no olhcr purpose. .1 o the fullest extcnl perniitted by law, w¢ do not accept or assume responsibility to iinyone olher than Ihe charitable conipany and Ihe ¢haritablc coinpany's mernbers as a body, for our audit work, for this report, or for the opinions we have fornied. Ebenczer Okai FCCA. Bsc (Senior Statutory Auditor) for and ()n bchalf ofLeroy Reid & Co Chartered Certified Accounlanls and Statutory Auditors 299 Northborough Ro(Id Norbury London W16 4TR Dale.. Page 11
BIRMINGHAM CHRISTIAN COLLEGE TATEMEIYT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023 2023 Total funds 2022 Total funds Unrestricled rund Reltrieted fund Nots$ INCOME AND ENDOWMENTS FROM Donations and legacics 2,683 143,586 146,269 755,044 Charitable activities College operating activities 445,882 445,882 487,546 Other income 311 311 2,579 Total 448 876 143,586 592 462 124.5 IC)9 EXPENI)ITURE ON Charitable activiti¢s College operating activities 408 466 188480 596 ()46 678 152 NET INCOMEI(EXPKNDITURE) 40,410 (44,894) (4.484) 567,017 RECONCILIATION OF FUNI)S "rotal funds brought forward 105,1132 1,953,389 2,059.221 1,492,204 TOTAL FUNDS CARKIED FORWARD 146,242 1,91)8,495 2,054.737 2,059,221 The notes forni part of these financial statements Page 12
BIRMINGHAM CHRISTIAN COLLEGE BALANCE SHEET 31ST DECEMBER 2023 2023 2022 Noteg FIXED ASSETS Tangible assets 10 1,917,055 1,970,478 CURRENT ASSETS Debtors Cash at bank 159,831 180,333 186.802 196,528 CREDITORS Amounts falling due within one year 12 (49.120) (107,785) NET CURRENT ASSETS 137682 88,743 TOTAL ASSETS LESS CURRENT LIABILITIES 2,054,737 2,059,221 NET ASSETS 2 054 737 2,059 221 FUNDS Unrestricted funds Restricted funds 14 146,242 1908 495 105,832 1953 389 TOTAL FUNDS 2 054 737 2 059221 Thc financial statements were approved by the Board of Trustees Bnd authorised for issue on 6tli May ?024 and were signed on its behalf by: R¢v Dr Lord E Donkor Chairman Rev W D Kugbeadjor Secretary The notes forni part of these financial statements Page 13
BIRMINGHAM CHRISTIAN COLLEGE CASH FLOW ST ATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2023 2023 2022 Notes Ca8h flows from operating activities Cash generated from operations 10,776 629,029 Net cash provided by operating activities 629,029 Cash flows from Investing activities Purchase of tangible fixed &55ets 644,202) Net cash provided byl(u5ed in) investing activities 614,202) Change in eash and cijh equlvalents In the reportin% period Cash and cash equlvalents at the be&lnnlng of the reporting perlod 10,776 (15,173) Cash and ¢aJh ¢qulvalents at the end of Ihe reporllng period The notes forni part of these financial statements Page 14
BIRMINGHAM CHRISTIAN COLLEGE NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2023 RECONCILIATION OF NET (EXPENDITUREYINCOME TO NETCASH FLOW FROM OPERATING ACTIVITIES 2023 2022 Net (expenditure)lineome for the reporting period (as per the Statement Df finAncial activities) Adjustment5 for: Depreciation charges Decreasel(increase) in debtors (Decrease)lincre&se in crcditors (4,484) 567,017 53,425 (57,832) 66,419 20 119() 5X,66.$1 Net eAsh provided by operatlons 10,776 629,029 ANALYSIS OF CHANGFS IN NET FUNDS At 1.1.23 Cash floiv At 31.12.23 Iyct cash Cash at bank 16,195 Total 26.971 The notes form part of these fiiiancial statements Page15
BIRMINGHAM CHRISTIAN COLLEGE NOTES TO THE FINANCIAL STATEMEiYTS FOR THE YEAR ENDED 31ST DECEMBER 2023 ACCOUiYTING POLICIES BASI.$ OF PRF.PARING THE FINANCIAL STATEMENTS lThe financial slalcrncnts of the charitablc company. which is a public benefit entity under FRS 102, havc been prepared in accord¢ince with the Charitic4 SORP (FRS 102) 'Accounting and Reporting by Chdrilies.. Slalemenl of Recommended Pr(iCtice applicablc to charitics preparing their account5 in accordallce with the FinanLial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effectivc l January 2019),, inancial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ircland, and the Companies Act 2006. 1.he financial slal¢mcnts havc been prcparcd undcr the historical cost convention. INCC)ME All incorne is recognis¢d in the Stat¢m¢nl of Financial Activities once the charity has entitlemenl lo lh¢ funds, il is probable that the income will be received and tlie amounl can be n]casLLrcd reliably. EXPF.IYDITURE Liabililics ar¢ r¢cognisLd as Lxpendiiure a$ soon as ther¢ is a Icgal or construclivc obl1tiOn committlDg the charity lo Ih&l expvnditurc, it is probable thal a transl¢r of cconomic bcn¢fit5 will he rcquircd in settlement and Ihc amount of tlic obligation can be measurcd reliably. Expcnditure is accounted lor on an accruals basis und has bccn classified under headings that aggyrcgatu all L()s1 rclalcd to ihc calcgory. Whcrc cosls cannot be dirLCtIy attributed to pailicular IicadinuJs Ihcy hÉlV¥ beLn allocated lo aLtiviliL.4 on a basi8 consistcnt wilh Ihc usc or resources. TANGIBLE FIXFI) ASSET,$ I'hc Charity's policy is Ihal individu(Il fixed a8sLiS aLquircd co.8ting £ 1,000 or morc arc cupitali5ed at CU51 and arc dcpreciated over their c$lim(ItLd usLlul cLunumiL Iivcs (117 U straight linc basis as follows,, Depreciation 14 prr)vidvd dt rate5 calculatLd to write off the Lost less estimated residual valuc, ovcr Ihcir LxpeLled useful livcs. orricc equipmenl - ,%lraight line over 4 ycars Computers . Slraighl line nver 5 ycars .vas¢hold propcrty Straigjlil linc ovcr thc Icmi of th¥ lease (99 years) l.eased cquipmciit - Siraig)hi line QVLr the i¥nn of th# lease (99 yeiif5) TAXATION As a Cl)arity, Binningyham Chri.4tian College 15 excnipt from tax on income and biuills falling within seLlion 505 ol. thc Taxcs Act 1988 ur 5256 ()[' Ihty .1 axdtion i)r LhdrgcablL (Yminq Act 1992 la Ihc cxlcnt Ihdl thcse are applicd lo ity charitable objccls. No tax charges have ariscn in Ihe Charily, FUND ACCOUNTING Unrcslrictcd funds can bc used in accordanLL Wlth the charitablc objcctivcs ai Ihc discrclion of ihc trustees. Rcqtrictcd fuiid5 can rjnly be used for particular rcstrictcd purposcs wiihin thc objccls of thc charily. Rcstrictiun5 ari5c whcn .specified by the donor or whcn funds are raibed For particiilar r¢slrictcd purposcs. E•urther cxplanation of the nature and purpose of each fund is includcd in thc notes to the financial statements. PF.NSIOiY COSTS AND OTHF,R POST-RF.TIREMENT BENEFITS Thc charitable coinpany operate5 a defined conlribulion pension Scheme. Contribulioi)% payable lo the Lharilable company's pension scheme are charged tu the Statement of P inancial ALtivities in the period to which they relate. Page 16 coiitinucd...
BIRMINGHAM CHRISTIAN COLLECE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBER 2023 DONATIONS AND LEGACIES 2023 2022 Sm(Ill donations Church of Pentec05t- UK Internation&il ML55ions 2,683 93,586 50,000 3.168 601.876 150 000 146,269 755,044 INCOME FROM CHARITAIILE ACTIVITIES. 2023 2022 ActiYiÈy Acadcmic income College opcrating activities Renthl income College operating activities Students accommodation rent College operating activities 219,386 4,530 221966 295,508 4,790 187,248 445 882 4117,546 CHARITABLE ACTIVITIF,S COSTS Direct Colts (see note S) Supporl costs (See note 6) TotFd15 College operating aetivities 592,246 596 946 DIRECT COSI'&i OF CHARITABLF. ACTIVITIES 2023 2022 StaftLOSts Communication ¢us15 Ircclance lecturers Accredilution and coursc dcvelopmcnt fee8 Library Losts Travel and Lonferences Catering 01CC costs Wcbsile and computcr costs R¢pairs & maintcnance Council tax HeaL and light Ilealth and Safety Water charges Subscription and license Bank charges Snsurancc l.egal and professional cxpense 'I'raining and CPD Bad debts Advertising and marketing Student bursaries Graduation cost Student accommodation rost 198,154 28,082 21,284 26,742 10,536 6,396 444 (4,012) 1,230 64,792 3,523 55,442 7,186 12,578 6,577 1,084 15,553 1,514 3,316 20,987 (420) 2,430 2.765 160,480 41,064 12,347 58,119 10,506 7,745 3,389 1,435 2,963 147,799 3,765 27,096 15,460 6,373 1,015 1,160 17,678 1,080 677 42.257 (1,006) 9,596 668 48,960 Carried forward 527,890 620,626 Page 17 continued...
BIRMINGHAM CHRISTIAN COLLEGE NOTES TO THE FINAficiAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023 DIRECT COSTS OF CHARITABLE ACTIVITIES - continued 2023 2022 Brought forward Course developinent cust5 Depreciation 527,890 10,930 620,626 53.426 592 24(> 674,(152 SUPPORT COSTS Governance eosts College operatingj activities 4,700 Support costs, inrluded in thc above, arc as follows: 2023 College operatln ctlvitles 2022 Total aclivities Audilors, rcmuneration 4,700 NET INCOMEI(EXPENDITURE) Net incomel(expenditurc) is 5tatcd aftcr chargingl(creditinb): 2023 2022 Auditor5, rcmuneratiun Deprecialion - owned assets 4.700 4,1011 53,426 TRUSTEES, REMUNERATION AND BEIYFFITS I'here were no Irustces, remuneration or other benefits for the year cndcd 315t Deccmber 2023 nor for the year cndcd 318t December 2022. TRUSTFF.S' EXPEN,SES 'rh¢r¢ wvre no truslces, expenses paid for the year ended 3 1st December2023 nur for thc year ended 31st December 2022. Page 18 ontinued...
BIRfvllNGHAM CHRISTIAN COLLEGE NOTES TO THE FINANCIAL STATEMENTS- continucd FOR THE YEAR ENDED 31ST DECEMBER 2023 STAFF COSTS 2023 2022 Wages and salaries Social security costs Other pension costs 169,536 15,718 12,900 135,180 11,902 13,398 198.154 160,480 The average monthly number of employees during the year was as follows: 2023 2022 Administration Academic No employc¢s received emolLiments in excess of £60,000, io. TANC:IBLF FIXF.D ASSTr:TS Long leuyehold Plant and m8chinery Compul¢r equipment Totals COST At 1st January 2023 and 31 sl Dcccmber 2023 2 452.760 63,446 l O,l)31 2,527.1.37 DEPRF.CIATION At 1st January 2023 Charb)e for ycar 511,015 44,8()2 39,086 6,345 6,558 556.659 53,423 At 31 %t l)ecenibcr 2023 555 907 610,082 NET BO()K VALUE At 31 SL r)ecemb¢r 2023 I,X96,11.53 111,1115 2,187 1,917,055 At 31 st Dc¢¢mber 2022 11)41,745 24,360 1 ()70.478 The leaschold property of Crowlher Hall was valiicd at £375,000 on 8 August 2011 by Bigwood Chartered Surv¢yoTS of 104 - 106 Colmorc Row Binningham B3 3AG. The property is Schedule to bc revalued on completion of all major refurbishing and re-equipping that conlinues at the Balance Sheel dale, Page 19 continued..
BIRMINGHAM CHRISTIAN COLLECE NOI'ES T() THI FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBER 2023 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YFAR 2023 2022 Trnde debtors Other debtors 154,039 5,792 159,485 20.¥48 159,831 180,333 12. CREDITOR.S: AMOUNTS FALLINC DUE WITHIN ()NE YEAR 1023 2022 Trade creditors Social security and other taxes Accruals and dcferred in¢ome 12,567 4,204 54,184 3,898 49,120 107.78.f 13. ANALYSIS OF NF.T ASSETS BETWEEN FUNDS 2023 I'olal funds 2022 Total funds Unrestrlcted rund Re5trlcted fund l.'ixed asscls Currcnt as8¢ts Currcnl liabiliti¢% 8,560 186.802 49.120) 1,908.495 1.917,055 ,970,478 186,802 196,528 49 12U) AI117.714.S) 146,242 I C)08,495 ? US.1,7.17 2,{1%l).?.21 14. MOVEMENT IN FUNDS Net movement in funds At 31.12.23 At 1.1.23 Unrestricted fund5 General fund 105,832 40,410 146,242 Restrietod fundj College activities ,953,389 (44,894) 1,908,495 TOTAL FUIYDS 2 115(),?21 ?.,051.17.37 Page 20 continued...
BIRMINGHAM CHRISTIAN COLLEGE NOTEIS TO THE FINANCIAL STATEMF.NTS - eoiitliiued FOR THE YEAR ENDED 31ST DECEMBER 2023 14. MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows: Incoming resources Resources expend¢d Movement In funds Unrestrlctcd funds General fund 448,876 (408,466) 40,410 Re5trlcied funds College activities 143,586 (188,480) (44,894) TOTAL FUNDS .59?.,4()2 5()() ()4fi) Comparatives for mnvement In funds Net movement In funds At 1.1.22 31.12.22 Unrestricted funds General fund 119,512 (13,680) 105,832 Restricted funds College aciivitie.s 1,372,692 580,697 1,953,389 TOTAL FUNDS 1.492,204 567,017 2,1)59,221 Compardtive nLt movement in funds, includcd in the above are as follows: Aneoming r¢sourLes Re8ources expended Movement in lunds Unrestricted funds General fund 510,436 (524,116) (13,680) Restricted fund Collcgc activities 734,733 (154.036) 580,697 TOTAL FUNDS ?115.16lJ (I7H 1 $2) 5(1-1.O I I Pagc21 ontinued.
BIRMIIYGHAM CHRISTIAN COLLEGE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023 14. MOVEMENT IN FUNI)S - continued A currcnt year 12 monih8 and prior year 12 months combined position is as follows-. Net movement in funds At 31.12.23 At 1.1.22 Unrestricted funds General fund 119,512 26,730 146,242 Restrleted funds Collcgc activities 1,372,692 535,803 1,908,495 TOTAL FUNDS 1,492 ?04 562.533 2 054,737 A Cuent year 12 month5 and prior ycar 12 months combincd ncl movement in funds, included in the above lire as follvws., Incomlng rc50urces Resourccy expLnded Movernent In funds Unrestricted fund5 General fund 959,312 (932,5¥2) 26,730 Restricted fund% Colle&ye activiliL.8 878,319 (342,516) 535.803 TOTAL FUNI)S ( i.?,'i.s,11()x} .$62,.$13 Is. ULTIMATE PARENT COMPANY 'I'he Lhurch ol. Pcntccosl - LJK is the Pdrenl company of Birniingham Christian College (BCC). 'I'he formal proccss was completed on 5th August 2020. '1'here Was no transfer ol. funds to acquire Lontrol of Bcc. Ih¢ Iruslccs believL'd that a L105¢r lebjal panncrship pruvid¢d a s¢Lurity for the sponsorship rcceivcd by thc Coll¢gc. 16. Rf,LATED PARTY DISCL()SURE&• No remuneration or cxpen.%es We paid lo Ihe Irustecs oLhcr than: Joyce Donkor (8pou.se of Current Chair) £24,570 (2022- Nil) as staff wages. 'The Parent compÉiny paid thc salarics for thc Principals ofthe College, R¢v W Kugbcadjor (January December 2023). Thcsc c051 arc nol recognis¢d in Ihe accounts of ihc Collcgc. The Church of Pcnteco.sl - UK mÉidv donations of £93,586 (2022 £601,876). The £93,586 included £40,020 towards tlie salary cost of Rev. Caleb Nyanni the Academic Dean and £53,566 to the buildingT refurbishmenl work b6ing undertaken and other opcralional cost for the Colleg¢. Page 22 continued..-
JIIRMINGIIAM CHRISTIAN COLLEGE NOTLS TO THE FINANCIAL STAI'EMENTS- continued OR I'HC YFAR LNDLD 31ST DECEMBER 2023 17. RESTRICTED FUNDS For the benefit of users of the accounts the restricted funds is equal to ths net b)k value of the leasehold property and buildings &s shown in note 10 of the financial staternents. Page 23
BIRMINGHAM CHRISTIAN COLLEGE DETAILED STATEMENT OF FIIYAIYCIAL ACTIVITIES FOR THE YEAR ENDED 31s'r t)F.CP.MBF,R 2023 2023 Total funds 2022 Tolal funds Unrestricted funds Restricted funds INCOME AND ENDOWMENTS Donations and legacics Small donations Church ofpentecosl - UK International Missions 2,683 2,683 93,586 3.168 601,876 150,000 93,586 50,000 2,683 143,586 146,269 755,044 Charitable activities Academic InMe Rental income Studcnts accommodation rent 219,386 4,530 221,966 219,386 4,530 221,966 295,508 4,790 187248 445,882 445.882 487,546 Other income Sundry income 311 2,579 Total Incoming resources 448,876 143,586 592,462 1,245,169 EXPENDITURE Chgritable activitieN Wages Social security Pensions Communication cos19 reelance l¢¢turers AcLreditation and course devclopment fees .ibrary costs 'Itavel kmd conferences Catering oriicc costs Website and ci)mputer costs Rcpairs & maintenance Council lax I l¢al and light Health and safety Wat¢r charges Subscription and license5 Bank charges Insuranc¢ Legal and professional expense Training and CPD Bad d¢bts Advertising and marketing Carried forward 120,441 15,718 12,900 28,082 21,284 7,367 49,095 169,536 15,718 12,900 28,082 21,2114 26,742 10,536 6.396 444 (4,012) ,230 64,792 3,523 35,442 7,186 12,578 6,577 1,084 15,553 1,514 3,316 20,987 (420) 480,988 135,l80 11,902 13,398 41,064 12,347 58,119 10,506 7,745 3,389 1,435 2,963 147,799 3,765 27,096 15,460 6,373 1.015 ,160 17,678 1,080 677 42,257 (1.006) 561.402 19,375 10,536 6,396 444 (4,012) 1,230 1,143 3,523 55,442 7,186 12,578 6,577 1,084 15,553 1,514 3,316 20,987 (420) 348,333 53,649 132,655 'rhis page does not forn] part of the stalutory financial 5tatcmcnls Page 24
BIRMINGHAM CHRISTIAN COLLEGE DEI'AILLD SI"A'fTr MCNI. OF filNANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECFMBER 2023 2023 Total funds 2022 Total funds Unrestricted funds Restricted funds Charitable a¢tivltles Brought forward Student bursaries Graduation cost Student accommodation cost Course dcvclopment costs Depreciation of tangible fixed &ss¢ts 348,333 2,430 2,765 41,707 132,655 480,988 2,430 2,765 41,707 10,930 53,426 561,402 9,596 668 48,960 10,930 44.895 8,531 403,766 188,480 592,246 674,052 Support costs Governance costs Audilors, rcmuncra¢ion 4,700 4.700 4.100 Total resources expended 4U8,466 I xx,4xi) .5()(? ()46 6711,152 Nct income 4n,410 -(Ilil,X()4) -Lil:4114) 567,017 This puge does not forni part of the statutory financial statement5 Page 25