Friends of Johannesburg Bible College Charlty Number 1136631 ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024
FRIENDS OF JOHANNESBURG BIBLE ccLEGE CHARITY NUMBER- 1136631 Flnanclal Statements For th• y•ar •nd•d 31 D•c•mbor 2024 Cont•nts Pa9• MEMBERS OF THE BOARD AND ADVISORS TRUSTEES, ANNUAL REPORT INDEPENDENT EXA11ER's REPORT TO THE MEPABERS STATEMENT OF FIIIANCIAL ACTivmES BALANCE SMEEr STATEMENT OF CASH FLOW NOTES TO THE FINANCIAL STATEMENTS
FRIENDS OF JCANNEs8uRG BIBLE CCUEGE CHARITY NUMBER- 1136631 Charlty Infomiatlon Trust••• Davhl Mulligan (Chaimwi) Richard Lawrence Step1 R•gby R•gl•t•r•d addr•M 34 Kingsway Chalfont St Peter Gerrards Cross Bucks SL9 8NU Bank•rn Nat1 Westminster Bank plc Ind•p•nd•nt •xamln•r Heath Drewett. ACA
FRIENDS OF JOHANNESBURG BIBLE ccLEGE CHARITY NUMBER- 1136631 Trustms. Annual Report For th• y•ar •ndod 31 D•c•mb•r 2024 Tho trusteos have plaasure in their rewt arKJ the finanoal statements of the charity for year ended 31 C)ec6mb8r 2024. L•gal Status. Alm• and PurpoMs The Friends of JBC is an independent charity registered In the UK to advance educati¢x in South Afr in accordance with Christs'an pnnciples and, in partscular, to Supp the Wofk of Johannesburg Bible College (JBC). JBC runs courses In handllng God's word and connethiro It to South African society. It delivers courses In a number of locats'ons in and around Johannesburg: Auckland Park. STheto aThJ recenty in Alexandra Township. The course Is now recognised as a professional qu8hTrati. acuedited by the South Afn"Gan govwnmenL JBC is an intwdefmxninational oslege offeriry a year-low combination course ol Sttjdy and pradic81 seTrice to equip mon and womon fcrf &'ble toaching ministy. J8C also R•vlow of Obl•ctlvu. Actlvltl•s and Achl•v•m•nts The objectsves for the year were to grow Ihe base of do$ lo the charSty. to contlnue regular funding of Ihe Y>rk of JBC arKI to raise furK"ng for an ext81 to the sile at t)urlng 2024. a number of grants were made to J8C to fund Sludont bursaries to support thr turt fees and. In cases. the o)sts of transport to college as 11 as grants being made to help fvnd coHege slaffing. In •adIn. Ihe chanty re¢ewed funds to SUFWt the builth'rMJ of a new 1th38 Institute of &'ble Tea(iNJ in Bulawayo, Zimbabwe 11 Is expected that further datiOnS will be received during 2025. in particular to fund the work of J8C in the Alexandra Township. The charity ntinUeS to make financial payments to Supp JBC and its w(wk Publlc b•n•fft Th• trustees hav• Csl•r0d the Chanty Commission's guidance on wblic b8nofft aTrJ, in partlar. Ihe specrfK guthnc8 on Chariti ftx the advancthrt of religion, Wft revIeWff th8 tharity's alms and ctyth'ves fof the year The trustees have. In their viéw, the wblic benefil requireffnt through the tharity's grant makirrtJ and nd4aising activities during the year In particular. Ihe fundirYJ of bursaries for St0ntS al JBC, 8quiwrKJ SIdents to bo leadors in their Christian seth"NJs and funding the new extensi to the Auckland Park site has helped lo improve access to educational courses where Wev1Sty oppcM1unrth% may not have exisied. Currenty. around 400 students a year receive bursaries for fees or for travel expenses to allow them to study
FRIENOS OF JC*IANNESBURG BIBLE c(LEGE
CHARITY NUMBER- 1136631
at JBC The college ?Ates at Auckland Park, Soweto and Al8xarMJra To3h a180
provth a c(xmmunity faolity lor other kKal organts8.
Stat•m•nt of Trust•M' R•sponslblllll•s
Charity logislation requires Ihe trustees to prepar• financial statements for oach
financial year, vthith give a true and fair view of the stste of affairs of the charity as at
the end of the finanoal year arKI of the surplus or defio't fcy that perK)d. In preparing
the financial ststements. suitable acc
FRIENDS OF JOHANNESBURG BIBLE COLLEGE
CHARITY NUMBER- 1136631
College
the year ended 31 DeCern 2(i24. are set <xrt on pages S to 9
Rp•th• r•8pon8lb1lftl of tru•t••• and •umln•r
The charrtvs tntstees are res31b1e the PreparatK of the frnnci818latements. The
thantys tnte8S COnS#Jef Ihai 8n audit ts not required for this penc¥J (under $8ction 144(2)
the Chants"es Acl 2011 (the 2011 Act)) and thai an independent exafflnat is fwjed.
ft is my rOSpttIts.1ty to:
• exIne the fnwKio1 StatenThts (urKJar S8(aK 145 d the 2011 kll
to follchv the IxcK•dures laKI dcwn in the General DIrtK)n8 gi by tr Charity
Coffmissioners (under seclion 1495Xb) of the 2011 Ad); and
Ba•ls of Ind•• •xamln•f• r•port
My examinat was carrthd (Art in acan¢ 1h the General Diroci(xi8 given by the
Charity C(xnmIss#. An exarninatpji wKkNJes a revi8w of the acc
FRIENDS OF JOHANNESBURG BIBLE COLLEGE CHARITY NUMBER- 1136631 Statement of financlal actmtles Yw •nd•d 31 00mber 2024 2Q24 Not•• UN••trIG R•Atrlcl•d 23 Totsi Total Incomlng rnsourc•8 DonabS Gift AKJ donations Intefesl inccwne Total Incomlng r•irc•S 265.175 40,565 95.880 50,000 361.055 90,565 433.863 92,364 452 R•sOurC •xp•nd•d Admlnistra1h costs Expenditure on charitable adivitios - grants to JBC 85 277.65T 128,265 85 405.922 406,984 406 007 407 064 Pl•t Incomlng f•Ire 28,646 17.615 46,621 119,615 Balan$ brought forward 379.173 5,875 385,048 265,433 Balanc0• Carrf forward
FRIENDS OF JOHANNESBURG BIBLE COLLEGE CHARITY NUMBER- 1136631 8alanc• Shmt As at 31 0•mb*r 2024 2024 2023 Curr•nt ass•ts Debtors Cash at bank and in hand 578 430,731 10,254 374.794 Curr•nt Ilabllltl•8 Credit$ arrhnIS falling due within e year Punds 23,490 407.819 431,309 5,875 379.173 Unrestrlcted These financial statements apwoved by the trustees on 4August 202<and signed their behalf by: David Mulligan Chairn Richard Lawrff TNste•
FRIENDS OF JOHANNESBURG BIBLE COLLEGE CHARITY NUMBER- 1136631 Stat•m•nt of cash flow Yw •nd•d 31 D4¢•mb•r 2024 2024 2023 N•t cash Infiowl(outhow) IncnIng rascrCeS 119.291 Decreasel(incfease) In debtc 10.080 109.211 55.284 Inv•stlng actfvlU•• Inter8sI income 324 Incr••M In cmh In th• ymr 109.535 Cash at bank arml In hand at the start ol the year Increase in cash in the year Cash at bank 8fKI In hand at the end of th8 year 374,794 265,259 430,731
FRIENDS OF JOHANNESBURG 818LE COLLEGE CHARITY NUMBER- 1136631 Not•s to th• Ilnanclal stst•monts For th• y••r •nd•d 31 D•cwnb•r 2024 1. Accountlng pollel•• The financial statements have been wepared In aCcOrts wlth applicable aC¢(n.9 standards 'AmerMJments to ACCn11rj ark1 ReportirvJ by Charities: Staternent of Rocomrnended PraclKe appluble to charit weparing their accounts in accordance with the Financial Repcwling Standard in the UK and Republic of Ireland IFRS 102) Update Bulletin 1, offedNe 1 January 2016: the charits Act 1993; the historic cost basis of accounting; and the accruals concepL Given the level of reserves. Ihe fin(JaI statWTkgnts have also been prepared on 8 9(xng cCoM basis. Fund *CUntIng Unfestricted funds held by drity rewesent gera1 funds that 8re nol subJ6ct to ary restrlctlon regardlTrJ their use and are availa0 application cm tho genffal puw of the charty. Restriraed inc£Th fvnds are funds can onty be usod for Iknations rec8iv8d. which is recognis8d when receivable. Inlerest is accounted for when receivable. Resources expondod are aCCCnted for paid. Curr•nt a•s•ts Debtors indude amounts to the charity for ¢ft Aid WKI interest receivable. I PAov•ffl•nt In funds Bal Rxeipts Payments Transfers Bd CJfwd Restricted inc4)mo fvnds Unrnsljicted funds Total 5,875 379,173 385,048 145,880 (128,265) 306,388 277,742 452,268 406,CK)7 23.490 407,819 431,309 The StrIcted income fiJnds held were donations received for certain staff costs and lo fund buikling costs at Ihe Inslitute of Bible Teaching in Bulawayo, I'mbab.
FRIENDS C* JOHANNESBURG BIBLE COLLEGE CHARITY NUMBER- 1136631 3. Transact10 wlth trust• No exp8rrJes V•we daInd duiirrfJ the y8ar (2023: nil) by any trte0 to (x>ver (undraising expenses. Trustees iyjntrtbute to the trust's Inco and arnnts given by indivKluals are rtyarded as CLfidential. The total of gift8 mwje by the tnJst6es during the year totamed £12,225 (2023. £212.500).