REGISTERED COMPANY NUMBEK. 02320164 ffngland And WAks) REGisfERED CHARrrY NUMBER: IiMJ2205 REPORT OF THE TRUSTEES AND BIRMINGHAM CHRISTIAN C LLEG txroy Reid & Co Chartered Certifjed ALLM)unlant¥ d Statutory Auditors 299 Northborough Ro&d Norbury London SW16 4TR BIRMI CH IAN COLLEC iYrEwfs OF THE FINANCIAL STATEME FOR THE YEAR Pag¢ RefereDee And *dmlnlstrAtlvt d¢tall• Roport of the ¢ru8tsei 2 to 8 R•port of the independent *udl¢o 9 to 11 Statement orrinanclll A¢¢lvltlei 12 Balan¢e iheet 13 C8ih flow ithtement 14 No¢# to ¢hc flow itatement 15 Note¥ lo the financi41 Jtattmtnti 16 to 23 l>etaikd itatement of Ilnancial activi(k• 24 to 25 BIRMINGHAM CHRI TIAN ADi>llh'l.Sl'Rill'lllTr- Db.TAII. lib. Y TRUSTEES Rev Dr L A E Donkor Chairnjan Rev W D Kugkadjor R¢v K J Frempong-Boadu Rev F O Kwaah Rev Prof. K Agyapong-Kodua Rcv F. A Bekoe Rev E K Nyamckyc Rcv D A Eduah (ap￿)In(c￿ 29.1.24) Rev A Arthur (appuintLd 29.1.24} .Idcr Dr C Cr Agycman (appointcd 29.1.24) F.Idcr I)r E Appiah-yeboah (#ppuint¢d 29.1.24) Eld¢r K. Adomako Mrs W Agycrnung Mrs A Adom&-Kumi {apNTrinlod 29.1.24) Dr Mrs l Essiams (apFK>inted 29.1.24) COMPANY.SEL'RF.TARV R¢v W D Kugbeadjor REC.IS'I'Tr:RLD OFFIL cm￿hCr Hall Hmmilttyn Drive Selly Ouk Himjingham WLSt Midlands B29 6AJ REC.ISTTr;RF.D C.OMPANY NUMBER 02320164 (I":ngland and Wales) RF.C.ISI'b:RED CIIARITY NUMRER 1002205 AUDITORS ILroy Reid & Lu Charter¢d CLrtifiLd Accountants and S￿lut￿ry Auditors 299 NorthbunTrugh Road Norbury LA)ndort SW16 4TR Page I BIRMINGHAM CHRISTIAN COLLEGE REPORT OF THE TRUSTEES FOR THE VFAR FNDF.D 31ST DECEMBER 2024 The trustecs who are al￿) direct(Jrs of thc chsrity lor the purposes ol" the Companies ALt 2006. present thcir rcport with the financial statements uf thv Charity fur the year ended 31st Dettmixr 2024. Thc tn￿tC¢S havc adopted thE P￿VIsIOnS f)f Accounting and Re￿rting by Charities: Slatement ol" Recommended PractiLf applicable to charities prcparing their acrAJunL8 in actx)rdancc with thc Financial Reporting Standard applicable in the IJK Rcpublic of Ireland (FRS 102) (effective l January 2022). 0￿F.CTIv￿￿ AND ACTIVITIF.S Objcctivu aims Thc principal objectivcs of the charity are defined by the Memorandum orAS￿)Ciation of the Company as fullvws.. l. Pn)moling the advanccmcnl ofthc Christian faith in thc UK and c]sewt￿¢ t)y .4preading th¢ GobFI of the Lord Jcsus Christ. 2. Providing education training in the knowledgc, understanding and practice of the Evangelical LThri8tian fAith and to do all such things us ￿ nlccssury to ihc uttsinminl ofthal obj￿1. 3. Since COP-UK also has among its main objectives: to advance the Christian faith and advan￿ eduektion. BCC'S w(Jrking partnership i.q wtsrking well and reAuliing not only in muttjal henetit but olso bcncfiting the public in ways Ihat eithcr vf them would have tound diflicult to achieve in the currcnl cirL'um¥lanLLS. Alx)ut five hundrL.d and .seven l#y-ILodL'rs of IhL ¢hur¢h b¢n¢filcd from v#rious training #Llivilics run by HLC. Additionally> BCL husicd the Penlecosl Studertl gnd A&$ociutes (PLNSA) UK uihL'r CUIJ.UK districts for residential retreuls and ¢onf¥r¥'n¢rs. Publ1¢ b¢n¢llt The f&ciliti&% of thc F1¥mil￿n fjrive campus wcrc availMbl¢ fur thse ai subsidised [￿¢$ throughout IIK year, but rcvcnue h&$ becn impactrd by the cancellation ot. the BBC Doctors Series. which had U5Ld the ￿rnp￿S lor filmin& hi?w$in8 Llvrs und dircctur8. Ikspiic Ihis s¥iback, ctTort8 Iv promotr thc Lumpus lur wnt¢rences and wtreals TLmain strong. ID 2024. BCC h()8t¢d vwious LVLnts for Ix)th COP and non-C()P churches, including Pl.'NSA-UK. Formission CollcgL's MA Summer school. And Cjvlteway Church, which hires our Conterence Room LVLry Sunday lor worship 8L'ryiLu and occasionally for nth¢r ev¥nL*L Thc collLgc alw otlers a 30Vo discount ts) its partsier organisations and Lhuriticy fvr rosid¢ntial retreais and conferences. Promotional Ltrurt¥ will conlinu¢ to 4ttr4cl murl. bookings and ¢n¥u￿. th¢. sustuinability of the campus facililicq. Pa8e 2 BIRMINGHAM CHRISTIAN COLLEGE REPORT OF THE TRUSTEES FOR THE YF.AR F.NDF.D 31ST DECEMBER 2024 STRATEGIC REPORT Aehievcment #nd ptrfornianee Charitable 8ctivitie5 Bimiingham Christiyn Lvll¥¥¢ (BCL) (onlinu¢d io prvvith training for both COP miniskrs and offi￿r$. as well non-CoP leadcr5 in F.urope and the Middle ￿￿¢. In 2024, IICL teuchEd siBnificant milestoncs. Kcy achievemenis includ¢ obtaining a Ticr 4 Sp)nsorship l.iccncc to swynsor intcmational slud¢nls. th¥ graduation of 311 studcnL% Irom our BCC Bimiingham, UK, and for ih¥ first tim¥. th¢ BCC Den Haa& Ncthcrland8 campu5¢5' lh¥ r¢desi8n of our websit¢ and .%ecuring Hn academic domain name O)cci)11.ac.uk)' Sur￿55ful validation of our new CounKlling and Psychoihcrapy CcnLrBI Awarding Body (CPCAB) Level 4 Diploma in Therapeutic Coun5¢11ing foy delivery in early 2025- fumishin¥ th¢ ncw Cr￿￿h¢r Hall library with ncw bL)oksh¢lv¥s, library tablcs and chair% and six d¢Sk￿p Pcs. pro8re55ed in rcscarch in cnvironmcnlal carc. and sccuring a research grant of £60.000 from Equipping Christian Leaders in an A8e of Sci¢n¢¢ (ECLAS). RecNitment efforts broadened: facc-lovfacc course delivcry of the Lertificalc in Lhriblian Ministry ond Leadership (CCMT.). and ihe Introduction to Christian Counselling UCC) courses conlinucd at our newly opchLd sJtellite campus in Dtn I laag, Netherlands; SULLL8sful BA MA rL'.sidLntiul$' and the addition ufn¥w Luhurls to the IcadLrship li)miation courses (CCMIJICC) at the Birniinghum. UK Cumpus. RCC consistently suptthcd ils Students and cffectively through the delivery ufquuliiy LduLatiun. staJT8nd blud¢ni irninin8 and s¢minars in Ih¢' yCHr 2024. Aehitvement 4nd Perform811¢¢ CTrndualioD 'I'h¥ 2024 gr#duution cLr¢mony look pl#¢'c on Nov¢miL'r 2. with 311 students graduating acrus$ various progrwnmes. including BA in Thwlo8y, LPCAFI I,LVLI 2 L()unsLllin¥ Skill% Levcl 3 L¥rtifi¥al¥ in Counselling, Llrtilicate in Christian Ministry & Leader.thip. and Introduction to Christian CounsL.Iling {validaled by NcfE and FICL). Additionally, the first ￿}hi)rt Df $tudenLq Irom the Church of Pentecosl. who k'¥an their training in Akan ICJhanaiun lan¥uagc) in 2023. also graduated part ol-the church training prugrammL r(?r leaders. b. S¥lellit¢ Cumpuj, BCC Den Cxmpus, I'he Ne¢herl#ndJ 'rhe satellite campus of Hirmin￿h&rn Lhristilln LollL¥L (IILC) in Den Trlaag. -l-hL Niiherlands. was inmugurated in October 2023 10 train church leaders acro￿ Europe had ils first buich Dr studcnt8 completing ihLir iourses in 2024. A lulal i)r 63 sludcnts succLbslully complclcd thL Lcrtilicatc in Lhritsliun Ministry and I,cadership und the InlriNluLiivn tu Chris(ian COun￿lI]ng courses. They joined our graduation ccrcm¢Jny ai Ihe Bimiingham, UK campus in NovLmbLr 2024. ¢. Tier 4 SpTrnionhlp l.i¢¢nee In May 2024, BCC x'cur¢d u 'l'iLr 4 SN)nsiTrr4hip l.i¢LnLe. allowing il lo swn50r inlemational studLnis lu qludy in lh¢ IJK. 'IThis TLLognition by IJK Visas and Immigration (IJKVI) cnablL$ FILC lo issue Confirnialion ()f Acceptttncc fur Studies ICAS), a key requirL'mvnt l()r IIK $Èudent Vi$18. This mileslonc LnhuncLs BLC'.8 global rcach, cultural diversity, and rcpul4tior4 ￿&￿i￿Ling ils commilm¢nt to high educational strandardb 4nd ¢Dmpliance with UKVI re8ulalions. d. Programme Development And Valid4tiDn: Profes8iDD41 Lounxlllng Courjes BLC succL￿ruI]Y vulidatsd thL CPCAB IL'vel 4 r)ipluma in 'IThLnit￿utiC Coullsclling. scl to launch in Fcbruury 2025 with a mix of ￿sid￿ntial and onlinc ￿'8$10n5. -l-his tWQ•ycAr cour.se complLILs ihe ¢ounselling training pathway. mplemeniing thc cxisliDg Lcvc15 2 and 3 courscs. which conlinucd with new cohoris in January und Oclobcr 2024. e. Rev)Ilidation ofHA ProRramme Work on Tcvalidating our BA programme with Binningham Newman Univcrsity, due in the 2024125 academic year, has commenced following lh¢ dclivcry of the progrdmmcs sincc 2020. BCC has submitied the rwuired docwncnlation and is up to datc in ihc process, whiLh will be completed in 2025. f. Re%eAr¢h Hub & Rutareh Grant L .S£ientt fthr Seminaries fund (FCI.AS) In May 2024, BCC won a £6U.000 grant from FLI.AS lo supp(Jrt science-enga¥¥d thevlugy. it]cluding developing our existing Envirut]mental Stewardship module. I￿￿lty ¢nBa¥¢ment with sci¢nL¥4 and hu51ing a 5erie8 of Faith Science in Creation workshops. Page 3 BIRMINGHAM CHRISTIAN COLLEGE REPORT OF THE TRUSTEES FOR TIIE YEAR ENDED 31ST DECEMBER 2024 li. The Saltlry Trust - A similar project for which BCC won a grant in 2023 progr¢sscd wcll during the year. This project airns kn quppart PentCCO8tal and CharisTnatic Christians in their efTorfs' Io c4llr for protect God's crealion. Thc project suwjutts innuvative wurk in Christian le¥min& disLipleshI￿ and theological cducation. One ol'the k¢y initiatives under this pmjeci fur 2024-25 is the Lrralion of Bible study rrsfTrufLes focused on crcation linm a Spirit-led perspective. Ill. BCC Re￿¥r£h Seminarj - BCC hosL8 twi) re8earch semin&TS ¢￿h aLad¢mii year for faculty and ￿.￿18raduat¢ students. Thc first seminRr for the 2024125 academic year WLS held on Wcdncsday 20th Novemb¢r 2024, f¢aturinR Pmf. Samuel AmtM)nsah. Ile presented hi% re%?￿h on suprA)rting Studcnis with Disubililies (SWD) in cducation. Additionally. r)r. Grace Mi Iton lcd a sc&8ion on incorForating scicnce*ngaged theology into l¢aihing and rescarch. g. Academic DomAin N4me & Redttign of Website In 2024. RCC secured a new academic domain namc (bccoll.ac.uk) and redesigned it8 MEb8ite. Th¢ n¢w domain also pl#¢¢d th¢ PTLVIOUS cmail doTnain Ibccoll.uk) for sla(r and biudL"llts. The redesigned wcbsite offeTS impruvcd navigation. enhanccd accessibility, and updatcd contenL aiming to belter .qerv¢ currcnl and pn)spective studcnts. The updalld dvmdin cmuil uddrLsscs pr(Trvidc a morl pn)r￿lOn￿I ¥ohisive online presence lor thL institution. h. New BCC. Library- Crowther Il*ll The newly Y¢novat¥d CrtTrffiher Ilall librllry now fLatur¢8 tXM)kshelves. libr8ry 1gbl¢& ¢hairs, And six deskiop PCS. This upgradc aims tt) create a conducive leamin8 environment, providing studcnls with lh¢ necessary rcsourb'cs to AUPPDrt Ihiir ￿#d¢M1¢ goals. Recruitment eiforLs inLludL.d online (jp-￿ day8, udvvrt18ing, engagin8 Alumni. and u d¢di¢4tLd .4tand for prospective .8tudenls ai PLniL'cobi 2024 in GL'M1£￿y. FJCL ib ttlsu working with inlemational studcnl rLLrniiminl agencies lo ypunsor internation&1 students to our prOgr￿mmes. "iTranei81 review Finu￿¢481 pDsitio 'rhL finanLiuI slatcments have hL'cn drawn up in accorduncL' with IhL CDmpanics Act 2006, th¢ LhariliLs Act 2011; the tNslees have adopted the proviqions of the Statement of RecommendLd PruLIicL (SURP)"Accounting and RLlX)rtin8 by LharitlL'8" updalcs in 2019 in prcpurin8 thc annual rLport and financial sl41Lments ot'the ¢harily. Th¢ finan¢iul r¢bulis show Ihal th¢ collcg¢ wes fo¢us¢d on a6hi¢vin8 an on-80in8 viablc op￿ratIOnal regim¢ wth umplLrtL.ly ncw activilies and had rcstricicd othcr 0￿ratIonS io prLsirvc ils findn¢iel r¢$ources. Th¢ Lharity is operAtin¥ from their ¢um'nt lo¢atiTrn under a 99 year lease whi¢h ¢omm¢n¢ed on 241611968 und expirt$ on 231612067. As fur fccLnl ycdrs ovLrall ¥urpluycy havL bcL'n invested in the Ivng-lcrm rcfurbithment ol. thc provisiun ol'ihe Lollege. The net ht)Dk value undvr the leosehold provision now stands ai £1,858,118 (2023- £1.896.853) and there is 43 ycars rcmaining lo the end ofihe Lea￿ term. R¢Jervu policy 'IThL TrusteLS have detemiined thul the College M￿￿t.. hold a minimum Icvel of rcscrves (dcfincd as thc asscts which arc ca8ily available in the short ietin, ¢.& cash, investmen(s, current monies owed) equivulenl lu 2 months, worth ofoperaling costs. set a planned up￿r limit on our targ¢trd resery¢ level $0 that we do not hold lunds baLk tr()m delivcring our harilable activities unnecessarily. Thc Coll¢gc aims to managc our rcscrves within thc uppcr and loKr rc5crvc limits, or 'reserves LotTidoV. We moDitor our short and mcdium forecast rK)sition to identify risks that could causc us to fall outside of this corridor (eiiher side of il), und whal currective actions would be required io bring back irt(o the corrith)r over a rolling thr¢￿y¢ar pcriiml. It is essential that our fflinimum reserve requirernenl is met by the 'liquid' assets SO wc can bc confident that we would have the funds. at any given tKTrint in tiTne should we need th¢m. Liqurd Assets arc readily accessiblc a￿ts. such as investments and cash. Page 4 BIRMINGHAM CHIUSTIAN COLLEGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 1024 STRATF.GIC REPORT Fingnci*l review Going eoneern The dircctors considcr4 that thc Collegelcharity arxowiLs should prepured Un lh¢ going con￿￿ b&8is. This was d¢l¢Tmincd by Ihc working partnership bctwccn Thc Church of PeDtecosl-IJK(CoP) by Athich BCC is cngagcd IiTr train both lay-leaders and ¢l¢r￿ of the chur¢h in th¢ whole European contil￿nt and bcyond. This arrung¢m¢n¢ guarantees 5lud¢nl r¢cruitment in the very long lerni. Al80, a long-tcrni l¢asc of lh¢ BCC campus in a central location in Rirniingham for over forty years givcs the colle8e the necessary facililics to seryc the churches in thc r¢gions. BCC continucs to opcratc with ihc assumption ihat it will rcmain active ti)r the fo￿s￿rable future Bnd that it has the resources needed tu Lonlinue operating ind¢finit¢ly until it provides evidence to thc contrary. To olT.fjel.such costs arising fmm unfore.seen factors impacting the abilily of the Collcgc li) deliver education. the college has business intemjption cover of £1.8m. should lh¢ event not bc covered by insurance the cnllcgL ib Confident that its pthnership with 'fh¥ Church ol- Pentecost-UK providL's it with a level ol. re5ervcs whklh is more thon adL'qu&tL' lo cijver any eventuality. Fri￿cIpal risks and uTreertainÉi li it* ¢XtrL'mely unlikely that ih¢ College wtsuld ¢e&q¢ K) opLrnle thnjugh no cknice of its own. The College is a fully owned 8uhsidiury of thc Church of PLniLYus(, ¥ global Church which is financially siablL und of 8ignificanl rcgiunal und nylional fywnornic Importan￿.. Giv¥n Ihi& whilst any provider c()uld potentially Clo￿., it is EK)ssible Ihal WL. would continul. to operate under ihc ChurL'h of ￿n¢¢cO$1 as a providLr ¢)fLdu¢4tion&l ￿'rViceS to its mcmk.rs and leadership. The trustees review major wjtentiol ri$kq that IhL. Colle8e laces on a rcgular baRis. As part of IhL' on-80in8 comprehensivc Sill wi¥w Hnd planning. Luntinuing riskb are bein8 reviewed progre&4ivLly. The righi Icvcl uf in%urance is alway5 used to mitigate some of the risk when applicablc. Thc cnomiity of capital funding required for Ihc upBrnding of the qitL and its lacilities was c(?n8idired a major risk. Howcvcr. both the Inlemuiiunal und National Councils ur'rhe Church ol- Pcnlccost uphold th¢ partnership whLrL'by us ils subsidiary, thc churLh suprK)rL8 BCC in an arrwtgcmcnt that 18 mutually benelicial to the two charities. Alt>0. pari uf ihc irnining budgel of ihL Lhurch was givcn lowHrd8 thL opcralion$ of RC'C.Thc church also gives full fLLy or bur.￿ries for lay-leudcrb lu train At BCC and madL avkilable Additio￿] mcm&'ts of btarr un SL'condmcnl lo wurk at the colle8e and funds a ILLlureship post Al Ihc chuwh's expense bcLau¥L' ofihc Iraining BLL provi(k.s ts) Ihc church &nd thL publi¢. Page 5 BIRMINGHAM CHRI￿lAN COLLEGE REPORT OF THE TRUSTEES FOR THF. YF.AR ENDF.D 31ST DECEMBER 2024 STRATF.GIC RF.PORT Future plang Thc partncrship betwccn IICC and thc Church of Pentccost-UK (COP-UK) cn4bl¢d th¢ cvll¢g¢ lo continue running training cvurses fur COP ministcrs 1¢8ders thruughuul th¢ year. The delivcry of training will WT]iinu¢ at undcrgraduale and p)8lgraduatc degrcc Icvcls. This is Cnhancing our pr(b$￿¢11S for mvr¢ ¢li¢nts and individuals coming to Us for training. In addition to thesc. thc truslces intend to WOTk towards olTering other pri)wmes and short courscs open lo Chribtiwis and th¢ public within th¥ W¢sl Midlands and ￿rther afield. •. Propo¥rd Ne)v Progr￿MMe Profe&gion&l Coun8clling- CPCAB l.cvcl 4 Course Delivery of the new CPCAB Level 4 Diplomu in TherRpeutic Counsellin8 will bcgin in February 2025 fvllowing the enrolment uCslud¢nls. ii. Bu$infsJ Management Progrwmme BCC is in the pmcess ot-developin¥ BTF,C. 14ealth and Sociai care and Busin¢ss progrumm¢4 which will validalcd by P￿rSOn. These progrAmmes will provide prnctical skills, improving cmployability, and will ml¥￿ P¢wsiTrn's high t>iandard5'. Oncc approvld. thcy will Lomplcment our cxisiillg uITcrings and attra￿ a div¢rb¢ r¥ng¢ ol-.qtudents sLcking busincs¥ qualifications. iii. Theology and CouTrsellin% DryreelPhD BCL is in th¢ pro¥¥ss ul. d¥v¥lupin¥ # 'fh¢ology and Louns¢llin¥ degree pro8r8mme. whiLh will seek v81idalion fr()m Birminghgm Newman ljniversily and ￿rLrL.d1￿tIvn fri)m the Brilish Associalion for c(TrU￿￿111n8 wid Psychulh¢Tapy (RACP). 'this new degree aims to provide c(Jmprehensive irginin8 in both ihLulogical studies wuftsrlling practice equippin8 Students with the $kill.q and knowledge needed to .$Up￿rI individuals und communitics Lrrcilivcly. The prvgrurnmc will cumbinc acadcmic rigor with PTaclica] cXpLr1¥n￿, cn%urin8 8rnduate& arL' well-prepared lur profe.&8ional r()ILs in variouy sctlings. FICC will LonLinuL' l() work on developing a Pht) prugrxmme in thcology. furthLr xpdnding ils uLuiL.mh¥ vllirings wid oppt)rtunitiL¥ Ivr sludy. b. RueArch Ilub .'CI.AS Wurkyhop8: RLC will br hoJling thrcc baith and SciLnL¢ in Creation Carc wurkshop¥ in the 2025 ￿ri￿￿. fundcd by IhL ScicnLc lor Semin￿1¢￿ lund {ECLA8)- Thursdlly, 271h l.ebru&ry.' PLntecostMI Faiih and SLi¢n¢¢- An ¢xploration of how PLntL'CLISlal faith intersecls with the wtsrld of scienc¢ {OnlinL) Monday. 24th March: faith & Science in Creation C8xe (()nlinL) 'rhursduy, 8th May.. l.iving Walcrs: Lhrislrf¢nlr¢d, Spirit-l¢(L S¢ience.8uided action ihat hclps ble&8ings flow {BitminghJm Christian LollL¥L LYMPUS, UK and unlinL) 11. BCC ReJe#r¢h SemlnArs: BCC will host the next rcs¢ar¢h s¢min#r on Tue$day, 18th MarLh 2025. Dr. TeM1t￿ Sogbanmu. ￿ I,,coloxiLologi si from ihc Univcrsily of I￿gO￿, will sharing her rcscarch as wart ol. the science for Seminari&q prnject. . Marketing our BA, MA, Chtsr¢h Tr4ining progr&mmeJ Following Ihc surccssful acqui5jtion of our Ticr 4 Sponsorship l.icence. we will conlinue lo robustly market Ihc5C progrdmme5 both within und uulside the ChurLh of i)entecost throughout thc ycar. This will bc achieved ihN)ugh our Opcn Days. including Open DayA in the IIK C(JP Ar¢L% engagement with inlernalional recruitment agcnts, cnablin8 US lo sponsor inlcrnational stu(knts to study in the UK. d. Takin% the Church Trainin% programmcs to the Church of Penteeost, UK Areas Starting from September 2025, ￿ will olTer monthly sessions over a ￿rIOd of thrcc months for Ih(>se who may noi IT savvy or havc work commilmcnts that pr¢vcnt Ihcm Irtim ittendin8 Weekly sessionb online or virtually. This initiative will bcgin with the Inlri)duction to Christian Counselling course in F.nglish. Ry providing these in-person se&sions. we &im lo makc our Iraining prograrnmcs more accessible and incI￿1Ve. ensuring that all church IcadeN have the opportunity to bcncfit fri)m our cducational offcrings and arc wcll cquipped for ministry. Page 6 BIRMINGHAM CHRISTIAN COLLEGE REPORT OF THE TRUSTELS FOR THF. YF.AR ENDFD 31ST DF.CF.IWBFR 2024 STRATECIC. REPORT e. Recruitment Addition41.Staff Wc plan to rectuit additional staff to support vur expanding programmcs and initiatives. This includcs hiring quAlifi¢d inblrurlors fur our CPLAB LKv¢l 4 Diploma in Th¢ra￿ul1C CounKlling &nd B-rbL B￿51￿<￿￿ prugrammes. We will also ￿ck tsTr employ & tijlliime administrative support staff to cnsurc thc smooth operation of OUT ¢xpand¢d ¢ourse offerings and student setvices. Our r¢cruilm¢ni ¢rrvrls will focus on attraLling tAlented individuals who arc c4)mmitted to our and value.s, and who can contributc to ihc growth and succc&s ol"RCC. f. DevLloping Ministers. Wive5, Advanced Training for Existing Minigters, and Ministry L¢4dL'f4 Courscs aim to enhanec the skills and knowledge of our minister4 their spouses, and thosc involvLd in leading minislrics to serve effcctively in their roles. . Stsrt offerin% Fulltime MA proRramme BLC will luun¥h a full-tiTnL MA programme with in-person cl&&ses held weekly on campus. slarting Jonuary 2025. tudents will attLnd cla55LS physiLally, engage dirL'cily with instrnctors and pccrs. and participate in t&￿-lU-r& le￿ning activities. followin8 a Iradiliunal Llawuum Ik.liv¢ry forniat. h. S(reTrgtheTr tht RC'C Ch*mpionAI TrAinini C.o•rdin*to We will slren#ih¢n the BLC ChampionslTraining LL)L)rdinalors inilialivc. The5c cur)rdinAtorq will supwrl the vision and mibsion ol-BirminghBm Chri8ti8m Coll¥g¥ in th¥ir liiial churkh¥s and n#tiiins. 'fhi.i initiative includes LurrL'nl and former RLL slu41Gnls. truinLcs. cl¢rgy, church lay leader.K youth leaders. youth worker$. and ihL gLn¥ral publi¢. They will sLYvc a$ poinLs of Lon(uLi fur infoThaliun about t4CC and ils courscl promoting and churnpioning BCC progrpmmcs 4nd LtiviliLS in thcir rL'spLLtivc locations or home churchcs. Additionally. they will organisL' L'vLnl% pN)vide rnentvrship, facilitate training $¢ssionli, Lsliist with Lnrolrncnl. und cmwwLr individuuls wiihin ihlir Lommunities. SI'RUCTIIRQ COVERNANC.E AND MAIYACD:MLIYI' Governi￿% dol'ument 'I'hL College is a Charitable company limitL.d by gu4rantee and L$tahlishd by Memnrandum and ArtlLlcs uf A&wcialion dated 22 November 19t18. It 1.% gDv¢rnLd by DirL'LttFrb whu ¥r¥" ulbLTr 'I'ruslLX5 fur thc purpoqe ol'charity luw. In i￿. event ofihc Ch￿lty bcing wuund up, the li&bility of the members is limited to £1 each. Re¢rultment 8nd appolnlment of new trusleei The Direclilrsl'l rusl¥Ls whu s¥rv¥d during tho ycar wcr¢ ￿ follow¥: Rcv Dr L A E Donkor- (ChaimiAn) Rev W D Ku¥bLudjor RLV K J brempon8-Boadu R¢v l.. O Kw Rcv Prof. K Agyapong-Kodua Rev E A Beko Rcv r,. K Nyamekye K¥v D A bduuh (appointed 29.1.24) Rev A Arthur (appointed 29.1.24) r.ldcr J)r C G Agycman {appointed 29.1.24} Elder Dr b Appiah-yebouh {aprA)inted 29.1.24) Elder K. Adomako Mrs W Agyemang Mrs A Adoma-Kumi (appointed 29.1.24) T)r Mrs I r.ssiams (appointed 29.1.24) I'he Irusitt8 were reeruited in reco8niti(Trn of thc current nccdg (Jf th¢ Floard 2nd of the skills and experience of the prospcclivc apw)intcc. There is a process for the appointment of new members that includc5 a rcvicw of prospECtive tn]stees by Bo*Lrd members. 'I'Taining for new trustees is arrdnged according tu individu&l cirLUrnStances and with r¢wgtLition nf pr¢vin￿% CXPCTicncc in working with ch&ritics and chariiablc companies. Mainly, thc trustces arc drawn from a pool of leaders from our partner churrh. Th¢ Church of Pentecost &nd some individu&ls who have the necessary skills-s¢L knowlcdg¢ and cxp¢ri¢nc¢. Pa8e 7 OrytttsAdooAI •trudurÈ The Boord of Trustrz8 18 In ov¢r8lt charge of the ¢h8rity. DAY to d&y tnawrnl ofinKratioJMI adivitiu 18 by the Piillci￿L Rtsv. Wllliom Doc Kllgbv4djoT. who ia #kn thv of the Board of Tnwt¢es atkl a te4m of 8eDior mwg¢mmt 6taff. lkn bI￿rd h85 worked con6cientioudy tr) enlure that BCC aAI CoP.UK benefits fiDm tivitiu ILBCC YNI th¢* two¢Jwn¢i¥V Objectiv￿ ￿¢ in tho pmcw8. STATEMENT OF TRusfELIS' IIESPONSIBILITIES Th• thJgiKI (wlto are th the di￿ of Chrijtiw College for the PUryUCB of compmy tsw) ¥¢ r¢9POD&lble for p￿p￿1￿8 tkn Rcm of the trug&5 a[￿ Ik fi[w￿la1 Blat¢m￿ iu waJrdaDC¢ with am)lic4ble aThl Comp8tLy Lqw requim tho tru8te49 to ful2￿￿1 8t•tsll*ttts tsx uch fw8nchl yw whi¢ti glve a true fair view of the state of atTalry of the ¢1Mlt￿le company Ind of th¢ illCOm]￿ w￿￿tee9 and ￿p11￿10￿ of re61MWC4 incl￿1￿¥ the income XTd cxp¢nditsii4 of ts clwritable compatty that ttt pryar1￿ those fu￿￿e181 the trustees arerwuir￿l tu . 1olect•dtAble ace4Thnting poli¢ieJ aod apply thom cowiotay, obBery¢ the ￿￿th(Al8 ot￿prInCIpleS ill lkn Clwity SORP. . mthJudgem¢nts a￿1 cstimato¥ Are re*)nable ood rKudcii¢ - PKeNe the financlgl ststetnellts on the going concem ba8]8 unl¢o81¢ 18 iMpNopriato ￿ pro8wll¢ that th¢ ctwitobie wy wllleontttiue in buylll￿. Th¢ In￿te￿ or¢ r¢8poti•blo for kwin8 pmptt which di8¢10g0 wilb re0801￿1< ot any time th¢ p)8idon of the choritable aTrJ to ¢pJbk them to thRt the ruw￿1&1 stalen￿ts cO￿pIY wlth the r￿mPanIE& Ar¢ 21XJ6. lkny ar¢ r¢￿on￿lI Ib ¥&f¢S￿dI￿V th¢ oftbe ¢harltabk e4mpoay And heme for king K￿rtabl¢ 8ty for th¢ ptev¢ntion atyj d¢tr¢tioll thf frAud 8lld tsther Irre8ul&riiieo. Its Ihe tnotttdare aware,. thore ts tto relevant a￿lt 1nfonnu1i￿ ocwhich th¢ ¢Ewitabk con1p9n￿8 auditors ate unaw&r¢.' aod th¢ kn8teg have t•k¢n all otepj that thry ovght to have tsken to make thenxlve& aware of Any relev&rnt audit inforn￿L0￿ aod to egtabii8h the 8wore of th&t infomthliou. AuD￿09s The auditoN L4my Reid & Co. will b¢prop08•1 forTrapw>inlnJvnl at th¢ (￿tI￿v￿￿8ATthUa1 OcD¢rpl Meetin8. Report ot the (r￿￿#&, in 27th May. 202Y oraiillg 4 Str8*8ic re￿4 uppxovtsl by ordw of th¢ Lmwd ot tnl8teo ￿ the c4)mpny .. ond yigned oll tho bowd's b¢h8lEty. Rcv W D Kil8be￿jOr. Tn￿te¢ Pag¢ 8 REPORT OF THTr INDTr:PTr NDENf AUDITORS TO TIIE MEMBERS OF BIRMINGHAM CHRISTIAN COLLEGE Opinion We have audited the financial ststements of Birniingham Christian College (the 'charitabl¢ comt)any') for the year ended 3 1st December 2024 which comprise the Sthtement (bf financial activitie4 the Balxncc shtsl¢m¢ntl* give a true and fair view of thc slalc of thc charilablc company's affairs a& al 31sl D¢￿rn￿r 2024 and of its incoming rcsourccs and application of rcsourccs, including its incomc and cxpenditurc, for Éhe year then cndcd. huv¢ ￿¢n prop¢rly prepared in accordance with lJnil¢d Kingdom CJen¢rally A¥¢¢pted Auountin8 Practicc. and havc bccn preparcd in accordance wilh thc requiremenls ofthe Companics Act 2006. B*Jis for Opini￿Tr We conducted our audit in Ac￿rdAnCe with Intemational Standards on Auditing IUK) (ISAS (UK)) and appliLable law. Our rL"sponsibililics wider those standards are ti]rther described in the Auditors, r¢sponsibilities for the audit of the financiul sttticmLmts section ol'our repori. We are indcpcndent ol. Ihc charitable company in aCCordarL￿ with the eihical requirements thai are relivunt lo our audit of thl finuniiul stutL'mcnts in ihe UK. including thL I,'RC's F.thical Sl*ndarJ, and we have luifilled our other ethical respon$ihilities in accordance with thcsc rLqULrL￿ILnl8. We I￿lieVe ihat the audit evidence we have obtain¢d is bu￿161¢nI &ppropriatL' lo provid¢ o ba¥i% ti)r our opinion. C.oneluAioTri rel8tin% tffi goin¥ eoneern In auditing the linancial .4at¢m¢nis, we have concluded that the In￿tees, usc ofthty g¢)ing concern basis of acwunting in IhL prLparniiun ufihL financiul stdtements is dPPT¢)prialc. B4w'd i)n th¢ w()rk WL. havL' Èxrfornicd, wc havc not idcntifiLd any mallriul uncertainties relating ID LVLnly or conditions that, individually or collectivLly. may cdsl yignificmnt doubt on ih¢ Ch￿1t8b]e cumpuny's ability to continue &ioin¥ conccm for a ￿rIOd ol'ot le￿t twelve months Irom when the financial statemcnls &Uthnri￿d lor issue. Our respon.8ibilities and thL reswnsibilitiL8 uf thL InL4tLYS with respect lo going LonLirn dL'scribed in the rL.]cv￿l SL'Ltions ofthis rcwjtl. Other informAtio The Irnslccs Arc rcypongible for the (Jiher informAtion. The other infom)ation compri&L'% the inforniation includL.d in the Annuul rL'port. oihLr Ihan (hc financial siaiemcnls and our Rcport of ihc indcpLnd¢nl audi¢or.s Ih¢r¢on. Our opinion ¢)n the financial statem¢nLs does Th)1 ¢cbver the other infornialion #nd. exc¢pt to the cxtcnt othL'nvi$e xpliLitly slalcd in our rL'por4 we do not express any Ivmi ol'ussurancc concluyiun thereon. In cvnneLlion wilh our audil vf thc linancial statcmcnLs. uur rcswnsibilily Ib l(? read the other inlorniaiion Mnd, in duing so. consider whether thL olhcr infom)alion iy rnaiL'rially inconsislLnL with the financial 8lalcmcntb' Dr our knowlcdgL obioined in Ihc dudii vr oih¢rwisc appcars lo bc malcrially misslat￿. Ir identity such ma(eriMI inLunsislencies or appaL'nt malcrial missthtementy w¢ are required io determine whether Ihis givcs ri8¢ to a material Mi&sllllL￿nlnl in ihe rintincial ¥iulLmcnls ihL'msL.Ives. It., ￿￿ed on ihc work we have pL'rrOnT]￿, we conclude that thcrc is a matcrial mi$statement of this oih¢r infomialion. wc a￿ rcquircd lo rcport thal fact. We have nothing ￿) report in this regard. Opinion¥ on other m#tten preAcribed by the C'.ompJnieJ Aet 2(106 In our opinion, based on the work undL'rtaken in the course ol.the audit.. the infonT]ation given in the RepDrL of the Irustges fur ihe fmuncilll year for which thc finarlcial qtatements are prepared is consisfrnl with Ihc financial slalcmcnls- and thc Rcport of the ￿sleeS been prepared in accordanLe with applicable legal rcquircments. Pag¢ 9 REPORT OF THb: INDLPTr:NDb:Nr AIIDITORS TO THE MEMBERS OF BIRMINGHAM CHRISI'IAN COLLLGE Matters on whieh we Are required to report by exetptitiTr In the lighi ufthe knowledge and und¢rstanding of th¢ ¢h¥ritable company and its environment obiained in thc coursc of the audil we have not identificd matcrial misstat¢m¢ttls in th¢ Rcpjrt of the tnjsttts. W¢ ha￿ nothin8 to rcport in rc5PCCt of thc following mattcr5 whcrc th¢ Companies kn12006 r¢quirEs to rel￿ to you if. in (bur opinion.. adequate &¢counling r¢wrdb hav¢ nvt EK¢n k¢pl vr r¢ium8 thqual¢ for our audit h&vc twt IKen received from branchcs not vi.8iled by or the financial statements arc not in agrccmcnl with thc accounling records and returns- or r￿in dis¢lusur¢s ol-truslees, remuncralion specitid by law are not mad¢. vr we have not rcccivcd all the inforniation and explanations we requirc for our audiL ReSpO￿¥1b11IÉiu of truiteej As explained more ￿]lY in the Ststement of twst£es' responsibilitie& the trustces (who are also the direc￿T8 uf thK Lharilabll Lompany for the purposes ol-company law) are responsit)le for lh¢ prcpardiion of the financial stalemenls and for being Satislicd thal Ihcy give A Iruc and lair vicw, and for such intcrnal contml as the I￿￿te¢S detcmiini ig necessary to enable the prepofolion orrinwilial ststL'mLnls thai dr¢ f￿¢ fn)m m￿Lri￿1 mi8Statement, wheiher duc to fraud or error. In preparing the finoncial Stalemcnts, the Irustees arc responsible for a￿essing the charitsble compJny's ability to onlinuL as a goin8 coneem. dis¢lo.qin8, as Applicable, mAtterA related io going eonccrn ond using the going Lonccm b&si.q tsf aLLounling unless the tn]stees either intend to liquidate the charitsblc company or to ¢e&qe opcralion& or have no rn'#lisliL #li¢mative bul io do so. Ppg¢ 10 REPORT OF THL INDTr:Pb:NDLNT AUDII'ORS TO TIIE MEMBERS OF BIRMINGHAM CHIUSTIAN COLLEGE Our responsibiliti¢s for the audlt of the fibancial ststements Our objcctLVCS are to obtain reasonable &qsurance about whether thc flnancial statcmcttts as & whole are free from matcrial misstatement. whether due to fraud or em)r, and to issue a Re￿)rt of the indcpcndcnt auditors thai includes our opinion. R£8si)nablc a￿uranc￿ is a high lcvcl of assurancc. but is not a gU￿antee that an audit cunduLted in accordancc with ISAS (UK) will alw￿YS deteLI a materiul missiutcment when it exists. Misstatemcnts can arise fmm fraud or em)r and are considered TnJleriHI if. individually ur in ihc aggregHle. they could r¢&sonably cxpccted to influenc¢ th economic dcci5ions of uscrs tsken on thc b&8is of thcsc financial slatcmenls. Irregularities. in¢luding fruud. ar¢ inslan¥¢s of hon%omplianL¢ wilh laws and regulations. Wc dcsign pro(%dU￿8 in linc with our rcsponsibilities. outlined abovc. to detect material mi&8tatcmcnts in rcspcct ot- irregulatitiw inLluding fraud. -I'h¥ extent to whirh our prs)L¢dur¢s ur¢ capubk vf d¢iciling irrcgulariii¥& in¢luding fraud is detailed bclow: As part ijf an audit in Accordance with ISAS (UK). we excrcisc profc&4ional judgement and mainluin professionAI s¢epticism throughuul ih¢ audil. W¥ alsu- l(knlify and asse￿ the risk$ of m&terial misstatcmcnl of the financial stalcmenLs, whc(hcr duc lu frAud or crror. design and perfomi audit procedures res￿)nSIve to those risks And obtain audit cvidLncc ihat is sullicient and dpprupriatL' to provid¥ a basis fur our ophniuTI. -Thc risk ol-noi detecting a malcrial misslul¢rt]Lni resultin8 from frdud is higher ihan for one resulting from Lrn)r. as fraud may involv¢ ¢ollusion. forg¢ry, intentional omission& MIS￿pr¢s¢rttat1On4 or the override ol'intemAI conlrtsl. Obtsin an undcrslandinLJ of internal ￿nIr01 ￿levant to lh¢ audit in order t(> design audil procedure.s that arc appropriate in the cirLum8tanc&% but n(Jl for th¢ purp()s¢ of expressin8 an opinion on the effeclivcncss of lh¢ choxi18ble compyny's inlLrnal Lunin)l. Evaluate thL appruprialcnLSS of accounting wlicics uscd and thc rla￿)nabl￿neSS of a¢counling Lslimutcs and related di$closures made by thL triibkL's. Loncludl on Ihe approprialene%$ of the tNslees' use ol'the going con¢¢rn basis ¢)r aL¢ounting and, based on thc audit ¢videncL obthincd. whcihcr a malerial uncL'rlainly cxists rL.laicil to LvLnts or conditions ikni may $18nificant doubt on the chari18blL Lvmpdny's dbility Iv iuntinu¥ ws a goin¥ concern. It. we concludc ihal u materi¥41 unccrtainly Lxists. WL arc ￿qUIred to draw attention in oui Report ol- the in(kFKndLnl ttudilors tu thL ￿lated disclosurL'S in thL rinanLial sla(L'mLnl3 or. if suLh disclosures llrc inRdLqualL. io modify our upini()n. Our conclu5iuns urL. bSLscd on the audil LvidLncc obtsincd up lo thL daic ol. our Report of thc inde￿ndL￿1 audit()r8. Ilowever. fulurL' LvLnL8 or conditions muy LUUSL thL Lharitsbll cumpuny'y Io L4USC lo LunlinuL going concem. F.valualc the overall PTesentation, .4tructure and content nf the financial sLateTDcnl¥ including the di$cloliurcM, ond wh¢thLr Lhc financial statemenls wpre8enl the underlyin8 Iransaclions ¥nd ¢vcnL¥ in a rnanner Ihal aLhicv£s fair preseniation. W¢ ¢tsmmuniLale with thos¢ Charged with 8oveman¢e re8ardin& 8mong oih¢r m#lt¢ri•, thL' planned Kopc wid timtn¥ of the audii thnd signilicanl audit findin&% including any tiignifiLunt dcficiencies in intrmal ¢ontrol Ihat we idcnlify during our audit. Ilje our report This le￿rt is mad¥" solcly to thc rharilablc ¢ompany's mcmbcr4 as a body. in urcordance wi(h Chapt¢r 3 of Part 16 of the Companies Act 2(Mi6. Our uu¢Ji( work trK'Ln undLrtyJ(Lm $0 that we might slalc to Ihc ¥haritable cornpany's members tho¥b mlllL'rs WL. urL' rL'quircd ts) sldlc Lo IhLm in an audit()￿, rL'Wrt und for no other purpvbl. To the lijllebl extent pemiitted by l&w, we do nvl a¢￿p1 or assuTnc wsponsibility to anyone other than the Lharilable company and Ihc charitablc company's members Is a body? for our audit work, for this Tepor¢ or for the opinions wc have lom)ed. r.￿lleZer nkai fccA. Rsc (Scnior Statutory Auditor) for and on behalf of Leroy Reid & Co Chther¢d Ccrtifi¢d Accountants l￿d Statutory Auditors 299 Northborough Road Norl)ury London SW16 4TR Date.. Pagell BIRMINGHAM CHRISTIAN COLLEGE STATEMLNI. OF TrINANCtAL ACTIvrrIES FOR THE YEAR ENDED 31ST DECEMBER 2024 2024 Totsl funds 2023 TotAI rund$ UnrestA¢ted Rutricted rund Notes INCOMk AND ENDOWMkNTS bROM Donation5 and Icgacics 8&525 65.020 153.545 146269 Ch8rit4ble 4ctlvl1le8 Collegc 0￿ratIng &rtivities 567.080 42.400 609.480 445.¥82 Other incomc 311 Tot81 655.605 107.420 763,025 592,462 ExP[ND￿uRF, ON CharitAblc aclivitiei Cull¥g¢ op¢raling activities 506,205 107.420 613,625 596.946 NET INCOMEI(EXPENDITURE) T￿nsfer• beiweeTr funds 149,400 50,377 149,400 (4.484) 14 (50?77) Net m•vemeNt In 199,777 (50J77) 149.400 (4,484) RLCONCILIATIQN OF FIINDS Tulal funds brought fon¥ard 146.242 1.90¥.495 2,054,737 2.U551.221 TOTAI. FUNDS CARRIED FORWARD 346,019 1.858,118 2.2Q4.137 2,054,737 The notes forni part of the￿ financial statcrncnts Page 12 21n4 20 io 1898,665 1,917,055 1$9.831 26,971 C4sh atbook 61.729 354,196 186,802 CREDTfoRS 12 (48,7Ys) (49,120) 305,472 I37￿82 TOTAL ASgE'I8 LIC8S CU1411KNr 2204,137 2,054.737 AWTS 2,2￿,137 2,054,737 14 Unte&￿ted fills 346,019 1.85&118 146.U2 ISY)8,495 TOTAL FUNDS 1054.737 Th¢ tlnaneial 8tstem¢nts W¢Ke apwDve41 by th¢ B(wd of Trnth and wtlwriieo for I￿￿¢ on 27th May. 2025 ,. w¢K ¥igoui on Its bBlJdfby. WD Ku8bc*Jjor. Thjske P880 13 BIRMINCHAM CHRisfiAN COLLEGE 'ASii ri.ow 81'AI'EMFJiN1' FOR THE YEAR ENDED 31ST DECEMBER 2024 2024 Notes Calh flows from DptrAtibg ¥¢tivi¢i Cash g¢nerat¢d from operalions 74.854 10.776 Net cash provided by operating aclivities 74.854 10.776 Cash tlows from IDveitlng actlvltlei Purchase of tangibl¢ fjxed assets (40.096) Net cash (used inyprovided by investing activities (40.096) Cbange in caih and caih equivAlents i the repDrtlng perlod Cash and eash equivalents it the b¢glTrTring of the reportlng period 34,758 10.776 2A971 IA195 Cash and cajh equivalents At the end of the reportlnA perl 61.729 26.971 The notes forni ofthese fillancial statrments Pagc 14 BIRMINGHAM CHRISTIAN COLLEGE NOI'&S TO THE C'ASH DLOW STAIEMLKr FOR THE YEAR FNDFD 31ST DF.CFMBER 2024 RECONCILIATION OF NET INcOM￿(ExPENDITUR￿) TO NE'f CASH FLOW FROM OPF,RATING ACTIViTIES 21124 2023 IYe¢ incomel(eXpeTrdit￿re) for the repTrrtill8 period {u per the St4tement of fiDAncial aetivilies) Adjustments Cor: r)epreciation charges oncrCa￿)/dccrCaSC in dcbtors Decrease in creditors 149,4(KJ (4.484) 58.486 1132.636) (396) 53,426 20,499 (58.665) Ne¢ ¢#$h provhJ¢d by upvr•tlonJ 74.854 10.776 ANALY.SIS OF C.IIANCFA IN NF.T FUNDS At 1.1.24 C.Ash now At Jl.A2.24 Ntl cash Cush al bank 26,971 34.758 61.729 26,971 34,758 61.729 TotAI 26.971 34,758 61.729 The notes form part of the￿ financial 5tatemen15 P88e 15 BIRMINGHAM CHRISTIAN COLLEG TEME FOR THE YEAR ENDED 31ST DEC ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENrs The financial slatLmenls of ihe charilable company, which is a public benefit entity undcr FRS 102. have been prepared in &ceordancc with th¢ Charitics SORP (FRS 102) 'Accounting and Reporting by Charities: Siatclncnl of Rccommended Practice applicable to charities preparing their accounts in accordance with the Trinancial Reporting Stand￿d appliLablL in ihL UK und RLpubliL of Ireland IFRS 102) (ctTccthvc l January 2019),, Financial Rep)rting Stsndard 102 The FinAncial Reportin8 Stsndard applicable in ihe UK and Republic or Ireland, and th¢ COM￿ni￿ 2006. '1'h# financi#l ststements have been prepared und¢r thc histori¢81 cost convLntion. INC'OMF. All income is recognised in the Statement of Financial Activities once Ihe Charily has enlitl¢ment to the fund& it is probable that the income will be received and the amount can measured reliably. EXP*:NDITIIRE Liabilili¥s r￿lS¢d as Lxpendhlure as soon ther¢ is & l¥¥al or rvn$trnctive obligation committing the charity lo that L'XPLnditurc. it is pr()bdblc that a tran￿rer uf eLMyn()mic beneti15 will be rcqu1￿'d in b¢ttlement and the amiiunl ofthc obligalion can bc me&surcd reliably. I,"xpcndilurL' 14 Mccounted for on an acrruals bas'is and has n cl&ssifird undcr hlddingb ih&l aggrc¥alr all w81 rcluiL'd tn the cotegory. Wherc c¢)sts cllnnnt be direcily allribulcd io particular he8ding% they have been allocated to activitics on a busi8 wnsistent with the usc or rcsources. TANGIBI.Tr: TrIXb:D ASSETS 'rhL Lharily's policy is that individual lixed a￿etS acquired cosling £l.UOO L)r mi)re arc capilali$ed al and are depreciatL.d uvcr thcir C511m￿£d u8L.ful cwnurnil livcs ott a slruiLvht line haAi$ tollTrws: Dcpreciation 1$ pn)vidid al ￿l¥U]utl.d to my1￿. oll. lh¥ rust less estimated rcsiduul valuL'. vvLr their expEclcd useful liv¥$. 0￿1cL. cquipmcnt- Straight line (Jver 4 years Compulers- Strni8ht lin¢ Trver 5 ye8rs Le&4chold propcrty- Straight line over the term of the le&8c (99 ycars) TAXA'fioN As a Charity, Birmingham Christian CollLgc is C￿Lmpl from t&x nn income and gains falling within section 505 ofihc 'faxes Aet 1988 or.4256 of the T8xalion (If Clwgeahle Ciains Act 1992 10 ihL' exlLnt that these arc appliLd its charil¥blc objects. No t&x ch8r8es have arisen in the Charity. FIJND AC.c.oiIKfiNG Unrcstrlc￿d funds Gqn b¢ used in accordance with the charitable objeclivcs at th¢ discrctton of the truNtees. Restricted funds can only bc used for parlicul￿ rcstriclcd puTp05es within the obje¢tN of th¢ Charity. R¢strictions arisc when specified by th¢ donor or when fund8 raised for particular restricted purpose& Further explJmation orthe naturc 8nd purpose ol'cach fund is included in the notes to the firtan¢i&l statements. PEN.SION COSTS AND OTHF,R POST-RF.TIRF.MF.iYr BF.NF.FIV4 'The charitable company vp¢ral¥s a d¥fiT]¢d ionlribuiiun EK'nsion .qcheme. Contributions payable to th¢ charitabl¢ ITipany'5 pension Scheme thar8ed to the Sta*ment of Financial Activitics in lh¢ ￿rIOd to which they relate. Page 16 continued... BIRMINCHAM CHIUSTIAN COLLEGE ES'I- l-llk blN IAL I'kMLNTS- ontinue FOR THE YEAR ENDED 31ST DECFMBFR 2024 DONATIONS AND LEC•ACIE8 2024 2023 Small donations Church ofpenieco8t- UK Int¢rnalional Missions 1.525 82,020 7L).(XK) 2.683 93.586 50.000 153,545 146.269 INCOME FROM CHARITABLE ACTIVITIES 2024 21b23 Activity A￿leM]C in¢imi¢ LullLgC or .953.389 (44,894) 1.908,495 I'OI'AL FIINDS 2.059.221 (4,484) 2,054,737 CompuraiiVL net muvcmLn( in funds, included in ihc abovL ¥rc as followb., In¢omln rttoureej Rtsounes expended Mnvement In (tsnds Unr¢$¢ri¢¢ed fundj Gen¢ral fund 448,876 (408.466) 40.410 Rebtricted fundi Collebye aclivilies 143,586 (188,480) {44.894) TOTAI. FUiWS 592.462 (596,946) (4,484) Page 21 continued... BIRMINGHAM CHRISTIAN COLLEGE TES STATEMENTS- eon in FOR THE YEAR ENDED 31ST DECEMBF.R 2014 14. MOVF.MF.Kr IN FUNDS- continued A CUTrcnt ycar 12 months priorycar 12 months combined w)sition is as follows: Transftrs b¢hvc¢ fundi movement funds At 31.12.24 At 1.123 TInreJtrlcted fund General ￿nd 105.832 189,810 50.377 346.019 Reitri¢led fundj College activities 1,953?89 (44.894) (50,377) 1,8511,118 T(YfAL FUNDS 2,059,221 144.916 2,2(M,137 A currcnl ycar 12 rnonlhs and prior ycar 12 months combined net movemenl in funds. inbluded in thc alx)ve are &4 follows.. Incoming reSoU￿e1 R¢iour¢¢i expended Mov¢ment in fundi lI￿re￿triCted fundj CJen¢rnl fund 1.104.481 (914,671) 189.1110 Reytriited Coll¢gL M¥tivitlLS 251,006 (295,900) (44.¥94) TOTAL FIINDS .355,487 (1,210,571) 144,916 UI,TIMATF. PARFNT COMPANY The Church of Pentecosi UK is the parent company of Birniingham Christian College (BCC). The fornial proce$s wa4 compl¢ted on 5th August 2020. There WLS no trnnslcr of lun¢ls to acquire control ol. BCC. Th¢ truslres bclicvcd Ihut a clo*r I¢￿1 pwln¢rship provided a s¢¢urity for ihe s￿nS￿rShip Tettived by the Coll¥ge. RELATED PARTY DISC.LOSIIRES No remuneraiion or extxnses We￿ paid to the InJstee5 Other than: Joyc¢ t)onkor (spDu￿ of Curreni Chair) £24.570 (2023- £24.570) as staff wagcs. 'rhe Porenl ¢ompany paid the s410ry for lh¢ Prin¢ip#l of th¢ Lvll¢g¢, Rev W Ku8bcadjor (January - Dec¢mb¢r 2024. Thcsc cost arc not rccogniscd in thc accounts of the College. 11)e LhurLh of Penkcost UK made donaiiuns of £82.020 (2023.. £93,586). Thc £82,020 (21)23: £413,5116) included £ (2023.. £40,020) towards the salary cosi of Rcv. Calcb Nyanni the Academic Dean and £41000 (2023: £53.566) to the building refurbishmenl work being llnder￿ke￿ and other 0￿￿tIonal cost for the College. Thc Church of Pentecost- International mi￿10￿ Office IMO) Ghana mad¢ donatiotL8 of £70,000. Pag¢ 22 cOntin￿d... BIRMINGHAM CHRISTIAN COLLEGE NOTTr:S I'O i'iIE fiNAN'CIAI. 8TATEMENI'S- eonlinue FOR THE YEAR ENDED 31ST DECEMBER 2024 17. RLSTIUCTED FUNDS For the benefit of ￿SerS ot. the accounts the restricted fimds is equal to the n¢t ixjok value of th¢ l¢aschold PTQFrty 8nd ixjildiw a5 shown in nol¢ 10 olthc financial stal¢rncnts. Pag¢ 23 BIRMINGHAM CHRIsfiAN COLLEGE DETAILED STATFMENf OF FINANCIAL ACI'IVITIES Rl. BER 2024 2024 TotAI nds 2023 Total nds Unrestrieted Restritted fund5 INCOME AND ENDOWMkNTS Donatlolll And lepciej Small dunalions Church ofpcnlecost- UK Inl¢mational Mibsions 1.525 42.000 45.000 ,525 82,020 70,000 2,683 93.586 50,000 40,02U 25,(M)O 88.525 65,020 153.545 146.269 Charitable 4elivities ALad¢mic in¢omL Rental inLX)me Stud¢nts a¢¢ommodation renl 382,275 15,160 169.645 41400 424.675 15,16Q 169.645 219,386 4.530 221,966 567,080 42,400 609.48U 445,882 Othcr income Sundry inwm¥ 'ru¢al ineDmin% r¢$our¢e¥ 655.605 107,420 763.025 592.462 F.XPENDITIIR Ch8ril*ble Melivitiei Wug¢s 8ocial security Pcnsiuns Lvmmunicatiiln coyts Freelance lecturens Accreditation course dcvclopmLni fccy l.ibrury wsls I'ravel and Conferen￿.$ LlllLrin8 Offiee costs Web.8ilc ¥nd computer ￿SL4 Rcpairs & maintert￿ce Council H¢at and light Health ￿]d Safety Water charges Subscription and licenscs Bank chargcs InsuranLe IKgal and profcssional CX￿n8¢ Training and CPD Bad debts Advcrtising and markcting CatTied forwdrd 146,299 9,385 13,413 39.077 25.202 15,294 11,180 6.324 882 5,679 24 20.824 6,695 97.623 13,528 ,357 4,582 406 19,581 1.062 262 4.219 2.535 453,333 36,6115 3.335 182,984 12.720 13,413 39,077 25,202 36,259 11,180 6.324 882 5,679 924 20,824 6.695 97.623 13.528 .357 4.582 406 19,581 1,062 262 4,219 2.535 514.318 169,536 15.7111 12,90() 28.082 21.2¥4 26.742 10,536 6.3Y6 444 (4.012) 1,230 64,792 3.523 55.442 7.186 12.578 6,577 I,()R4 15,553 1.514 3,316 20.987 (420) 480.988 20,965 60.985 This pa8e does noi fomi part of the statutory financi81 statements Page 24 BIRMIN HRI IAN OLLEG DETAILED STATEMENT OF FINANCIAL ACTIVITIES DE EMBER 2 21ll4 Tot81 nds 1023 Total fllndA UnreJtric¢ed funds Rtstrieted f￿ndS Charitable Attiviti Broughi forward s￿dent bursaries Gpaduation cost Student accommodaiion cost Course development costs Depreciation ol'tatjgiblc fixcd assets 453.333 610 1,708 28,108 5.695 11051 60,985 514.318 610 1,708 28,lUg 5.695 58.4116 480,988 2.430 2.765 41,707 10,930 53,426 46.43S 501.505 107.420 608,925 592246 Support eostj Gowernanee eojti Auditors, remuneration 4.700 4.700 4,7￿) Totsl resourctt ¢xp¢ndLd 506,205 107.420 613.625 596.946 Nel {expenditureYineome 149.400 149.400 {4.484) This page does not forni p8rt of the statutory financial 5tat¢m¢n15 Pag¢ 25