OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Heart Of Birmingham Vocational College Ltd

2025-07-31-accounts

Company registration number 09019610 (England - and Wales) Charity Le registration SeenaCe number eT WN De 1157785 koe ir, (England IE w UM and Wales)

Heart of Birmingham Ay hl Vocational 4 College Wr Annual report and financial statements

For the year ended 31 July 2025

Heart of Birmingham Vocational College Legal and administrative information

Trustees

J Lawrence Mr D W Faulkner

Country of incorporation

United Kingdom 09019610 (England and Wales)

Charity registration

England and Wales 1157785

Registered office

328-332 Bromford Lane Washwood Heath Birmingham United Kingdom B8 2SD

Auditor

DJH Audit Limited Church Court Stourbridge Road Halesowen West Midlands B63 3TT

Heart of ‘ Birmingham t ae ba | t Vocational if : College Contents

Page
Trustees' report 1-6
Statement of Trustees' responsibilities 7
Independent auditor’s report 8-10
Statement of financial activities
Balance sheet 12
Statement of cash flows 13
Notes to the financial statements 14 - 24

Heart of Birmingham Vocational College Trustees' report (including director's report)

For the year ended 31 July 2025

The Trustees present their annual report and financial statements for the year ended 31 July 2025.

The previous accounting period was a period of 11 months to 31 August 2024. The comparative amounts il | \ ' ) | provided in the accounts are therefore not entirely comparable.

The financial statements have [ ' been prepared i I | in Jot accordance yk Ih with the accounting policies set out In note 1 to the financial statements and comply with the charitable company's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic = of Ireland (FRS 102)". SS s

Objectives and activities

Public benefit

The Directors have considered the Charity Commission’s requirement in respect of public benefit. In their view, the charity meets, in full, the criteria to satisfy the test. The Directors' annual report describes the activities undertaken to further its charitable purposes for the public benefit.

Our mission

To provide an inspirational learning environment for person centred vocational education in a community-based setting, enabling learners to achieve exceptional outcomes.

Our vision

To empower our learners to prepare themselves for the next stage of their adult lives by providing them with transferrable skills that enable them to become purposeful independent Individuals and to find their place in their |> community. | i | | =

Our values

Openness - we use a simple, open and honest approach

Determination - we are determined to raise expectations and awareness, internally and ' Vis | V7 externally

Excellence - we aim for excellence a in all 1 of ' our | teaching ra i and a learning (a

Progress - we 3 strive ; to develop the skills etaen and a knowledge ‘cel =i of our | learners and staff Respect - we recognise the value of each individual by promoting equality and diversity for all f hee | . wh | i tre Empowerment x - we empower our 1 learners to | meet a their + aspirations : through 1 learner a led teaching and coaching

  • <%= 1 -

Heart of Birmingham Vocational College Trustees' report (including director's report) (continued)

For the year ended 31 July 2025

O UR OBJECTIV E S

The charity’s objectives are such charitable purposes for the public benefit as are exclusively charitable according to the laws of England and Wales as the Directors may from time to time determine in particular but not exclusively by the provision of education. • Promoting social inclusion amongst people who are socially excluded by providing them with opportunities for training, employment or social interaction, in order to relieve their need or assist them to integrate into society. For the purposes of this object, 'socially excluded' means people who are excluded from society, or parts of society, as a result of one or more of the following factors:

• Special Educational needs

• Advancing health by promoting and protecting the health, moral, confidence, well-being, skills and abilities for people who are deemed vulnerable; and Promoting for the benefit of the inhabitants of Birmingham and the surrounding area the provision of facilities by reason of their age, infirmity or disablement, financial hardship or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving the condition of life of the said inhabitants.

Si gn ifica nt a cti viti e s Stu d e n t numbers

Our learner numbers have grown year on year since we were established in 2014: 2014/2015: 8 learners 2015/16: 28 learners 2016/2017: 39 learners 2017/2018: 52 learners 2018/2019: 63 learners 2019/2020: 72 learners 2020/2021: 82 learners 2021/2022: 108 learners 2022 /2023: 132 learners 2023 /2024: 144 learners 2024/2025: 145 learners

What we d o:

Heart of Birmingham Vocational College (HBVC) is a specialist college for young people aged 16-25 with additional needs. We offer full-time study programmes and Supported Internships that provide individualised learning experiences, developing key employability and independent living skills for learners with mild, moderate, and severe learning disabilities and Autistic Spectrum Disorder needs. All students have an EHCP and are funded through the ESFA and their Local Authority.

Heart of Birmingham Vocational College Trustees’ report (including | director's | lire report) | (continued) For the year ended 31 July 2025

Achievements and performance

Future plans

For the current academic year, 2025/2026, we will be going through a period of stabilising the college, financially.

We : will consolidate and stabilise our Tit activities i-th at | the expanded ir Cher level pears of operations E that | has now been achieved. This will mean that costs are matched by income rather than running in front of income. Therefore, surpluses rather than deficits will be secured. In addition, the value of capital spending on facilities enhancements will be reduced because | further | \ major hn improvements | anit will not be z required. : This will mean that the bank holding ' strengthens vu 1h and Ts the Fe net current 0 asset e e position ha improves to become positive. i : | | Yon: ‘aia a Ph i

it Financial review \

Going concern

After making appropriate enquiries, the Board of Directors has a reasonable expectation that the HBVC has adequate resources to continue in operational existence for the foreseeable future. For this reason, it continues to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Statement of Accounting Policies. D Hot © win he 022 | [i

Heart of Birmingham Vocational : College Trustees' be report (including director's | report) 3 | (continued) For the year ended 31 July 2025

Reserves policy OOOO OV MREIEE E... . .. ee. —.— — . .:.:.:::: ee ss: se The tru ste es revie w th e level of re s e rves h e l d by the cha rity annua lly. Th i s rev i ew e n compa sses th e n ature of i ncome a nd exp en ditu re stream s, the need to m atch commi tm ents and th e n a ture of reserves. The trustees be lieve they n eed to hav e su ffici ent fu nd s to al l ow t he m to meet o b l ig atio ns arising a nd to ' “4 i [ari | | 2co0ve2 5r reansyervfutesuretotachl laendg ! £e4s8i,n041th ecol empve lriosfi nfung : £4d in33, aye g 9re7ce1 univedres | frotricted 1 m th be efunEdS 1 sFAl eossr £lo3c8 \ a5l ,9au3t0hohriety.l d asAsfixedat 31a ssJ uetsly i | pine Oe eth (20 24: £116,2 ii 69 neg ative comp ri s i ng £278 ,05 9 un restricted fu nds less £ 3 9 4,328 held a s fixed assets). Having ca refully con s id e s red th : e exp | e cted {They i ncome 2a and ex tet pe nd | itu re of J the zx co l l ege for th e future, the tru stees fee l tha t n o mo re than 10 % |e of Ua a | nnu ron a l i n com Lo e sh yee ould be Til re tai ned a s u = n restri cted fund s at th e pe riod e n d. The trustees have re v i | ewe d th e Het cur pe rent lev ta e l of rese rves, wh ic oe h | is be lo [ w ( 2 024: below ) the 10% g u id eli n e . T he tru stees ex een pe ct th Sew! at deve mpi lo p ments Py Me i n | t HELL h e n ew | yea r wil l h elp t h e c harity p rog ress towards meetin g th e g uid el i n e

Structure, governance and management

Governing document Tlimh ei tecdhacori tym pani pea s coy,ntliromlilteedd bb Sy yy igtsu ag a ranovetee,rn ingas ree d ocumdefineednt,byitsthaertiCcoml espoafn iasessoAcctiat2io0n0,6.a nTdhecoTrun stsitetuetessoaf HBVC a re also th e D i rectors of th e ch a rita ble compa ny for the purposes of compa ny l aw.

Members liability Ea = ch m Ls em be axa r of ~ th e c = re h a ritable ain) compan = poles y Sih un de rtake | s to ae co ntrib u te jek to the a | ssets of th e Co mpany in th e eve nt of i t be i ng wou nd up w hi le h e/s he i s a m em ber, o r with in one year afte r h e/she cease s to be a me mbe r, such a m ount as m ay be req ui red , n ot exceed i n g £1, fo r the de bts a nd l i ab iliti es co ntracted before th ey ceased to be a m e m ber. The Trustees, wh o are a lso the d i recto rs fo r the purpose of co m pa ny law, an d w h o se rved d uri n g the year and up to the date of si g n a ture of th e fi nanci al statem e n ts were:

J Law re n ce Mr D W Fa ulk ne r

Recruitment and appointment of trustees

Trustee s are a ppo in ted in a ccorda n ce w ith th e articles of associati on of the C ha r i ty. Detai ls of th e tru stees w ho se rved throughout th e ye ar a n d the reg i stered offi ce are incl u ded in t he Refe ren ce and Admin ist rat ive Deta il s sect io n of thi s rep ort.

S ubject = to t he articl es of associati o i n , a ra Trustee a pp o inted [ by Hie the [E m e wi mb e rs i s h all h old office for i a i | te rm of up to three years from th e d a te of hi s or he r appointme nt. O n e th ird (or t h e n umber n ea rest to one thi rd) of the Tru ste e m ust retire each year, those lon ge st in offi ce reti ri n g first and th e cho i ce betwee n a ny o f equal service being ma d e by drawin g lots . : | ls acai Wi (Per «| A Trustee m ay se rve a maxi m um of three te rms, of up to three y ea rs per term. A Trustee w h o h a s co mpl eted th re e conti n uou s term s o toate f serv noth ice a s =i a Truste | t e wi l l n ot be e ligible to be re ¬ appo i n ted a s a Tru st e e unti l on e ye ar a fter his/he r reti reme nt . In th i s Arti cl e 'ye ar' m ea ns th e pe ri od be twee n o n e AGM a nd t h e next.

Trustee inductions a re I4 ind i vi dual ly bl ta i l o re d vf to mee (an t ee the n en ee | ds of | e ach Tru stee . E x I terna l Trustee trai n i ng is offe red to al l Tru ste es wh o are new to such a ro le cove rin g to pics s uch as du tie s of Tru stees un der co m pany a n d charity law, govern ance and effective i nte rp e rsona l re latio nships. Tru stees wh o h ave p H revio 1 us ly Fal u nde rtake aren n Tru i) ste e t rain i i n 1 g a re 1 inv i mye ted to undertake a refresher course. Tra in ing needs + wil l b e a a ss esse 1 d i n | divid z uall 1 y o n iT an a nnual 1 ba vinta s i s g oin | g forward ‘ s . | i f | it i \ cei The C h arity is g ove rn ed by the Trustees w h o m et fo r meeti n g s d u rin g the year. Deci sions are ta ke n coll ect ive l y wi t h q u esti o n s a ' risi n g ' at meeti | n gs d Whit ecided by ee(Olly| a m aj o rity | of votes. Th e C ha i r of Trustees h as a seco nd or casti ng vote in the eve n t of a n equ ality of votes .

- 4 -

Heart of Birmingham el Vocational Thiel | College | Trustees' report (including director's report) (continued) For the year ended 31 July 2025 feeble Is | ote Set | "at

Organisational structure ee en. ee ee eee eee The Directors determine the general policy of HBVC. The day to day running of HBVC is passed on to the Principal, supported by the Senior Leadership Team. The Principal undertakes the key leadership role overseeing educational, pastoral and administrative, including financial, tasks and duties in consultation Ld J i J ! toi + ned | i} with the Senior Leadership Team. The Principal oversees the recruitment of all staff. The Principal attends Directors' meetings.

Other matters

Related parties

HBVC is a member of Natspec, which gives us the opportunity to share expertise, knowledge and experience, and seek advice and guidance across the Independent Specialist College sector.

Risk management

a 1 a‘ =) =i Sens SE = fe The Directors are responsible for the overseeing of the risks faced by the College. Detailed considerations of risk are delegated to the Senior Leadership Team. Risks are identified, assessed and controls established throughout the year. A formal review of the charity's risk management processes is undertaken on an annual basis. Risk is managed under the headings of financial sustainability, college safety, student welfare, employment, college trips and events and community access. The main risks that the Directors have identified and the plans to manage those risks are: • Status - upholding our reputation as a good educational provider • Finances - sufficient funds to allow the college to function • Core curriculum - a holistic approach to a meaningful and challenging curriculum

Clerk to the Trustees

W Lamb

Principal E Clark

Auditors

DJH Audit Limited Statutory Auditors Church Court Stourbridge Road Halesowen West Midlands B63 3TT

Solicitors

Browne Jacobson Mowbray House Castle Meadow Road NG2Nottingham1BJ A ;

Heart of Birmingham Vocational College Trustees' report (including director's report) (continued) For the year ended 31 July 2025

REFERENCE AND ADMINISTRATIVE DETAILS Bankers

HSBC 96 High Street Kings Heath Birmingham B14 7LD

Insurance Brokers

MAIG Insurance 0121 704 8411

Website

www.hbvc.ac.uk

The Trustees' report was approved by the Board of Trustees.

J Lawrence Trustee om 28/08 126.

- 6 -

Heart of Birmingham Vocational College Statement of trustees' reponsibilities

For the year ended 31 July 2025

The Tru stees, w h o a re a lso th e d i rectors of H eart of Birm ingha m Vocationa l Co ll ege for th e pu rp ose of company law, a re res po nsibl e fo r p re pa ri n g t h e Tru s t e es ' Report an d t he fin anci a l state m e nts in a ccord a nce wit h ap p l i ca ble la w an d Uni ted K in gd om Acco unti ng Sta n dards (Un i ted Ki ngdo m Gen e ra l ly Acce pted Acco unt ing Pra ctice). Compa ny l aw req ui res th e Trustees to p repare fina nci a l sta tem en ts fo r ea ch fina n ci al year wh ich give a tru e a nd fai r v iew of th e state of affairs of the ch a ri ta b l e compa ny an d of th e i n co ming resources an d appli ca ti o n of reso urces , i ncludi ng th e incom e and ex pe n diture, of th e cha rita b l e compa ny for that year.

In p repari ng th ese fin an ci a l sta temen ts, the Tru stee s are req uired to: - se lect s ui tabl e a cco untin g po l i ci e s an d th e n a pply t h e m co ns iste nt l y ; - observe th e m eth ods and p ri ncip le s in th e Cha ri ties SO RP; - m a ke ju dg e m e nts a n d esti mates t h at are reasonab l e an d p ru d en t; - state w h eth er ap pli cable UK Accounting Sta n da rds h ave been followed, su bj ect to any ma terial dep a rtures d iscl os ed and e x plain ed in the fi na ncial state m ents; an d - prepa re th e fina nci al state men ts o n the go i ng co n ce rn ba sis un l ess it is in ap propri a te to presume th at the c h a ritab le co mpa ny w il l co nti n u e in op e ra ti on.

The Tru stees are responsi ble for ke epi ng adequ a te a ccount ing reco rds th at d isclose wi th reaso n a b l e accuracy a t any time the fi nan c i al posi tio n of th e ch ari tab l e com pany and e n a ble the m to ensure th at th e fi n a n ci al statem ents comp ly w ith th e Co m pa ni e s Act 2 0 0 6. The y are al s o resp ons ibl e for safeguarding th e a ssets of the charita bl e co mpa ny a nd h en ce for ta ki ng rea so n able s teps fo r th e p reve nt ion a nd detect ion of fra u d and othe r irreg ul a ritie s.

Heart of Birmingham Vocational College Independent auditor's report To the Trustees of Heart of Birmingham Vocational College

Opinion

We h ave a u d ited the fin a ncia l state me nts of Heart of B irm ingh am Vocati o n a l Col l ege (th e ' ch aritable co mp a ny') fo r th e year e n ded 31 J uly 20 25 which co mp rise the state m e nt of financi al a cti viti es , the ba la nce s h eet, the sta tem e nt of ca sh flows a n d n otes to th e fin a nci a l statem e nts, including si g n ifi ca nt accounti ng po lic ies. The financial repo rting fram ewo rk th a t h a s been ap p lied in th ei r p re pa ra ti o n i s ap pl ica b le l aw an d Un i ted Kingd o m Acco unti ng Stand ards, i ncl u d in g Fin anci a l Repo rti n g Stan d ard 10 2 The Financial Reporting Standard applicable in the UK and Republic of Ireland (Uni ted K i ng dom Ge n e ra l ly Acce pted Acco un tin g Practice ).

In our opini on , the fin a n cial sta tem en ts: give a true and fa ir v iew of the state of the cha ri table compa ny’s affai rs a s at 31 July 2025 an d of its i ncoming reso urces a n d app lication of resources, fo r th e yea r then e n ded; h ave b een p ro pe rly prepa red i n acco rd a n ce w ith U n ited K i ngd om Ge n erall y Acce pted Acco un tin g Pra ct ice; and h ave be e n pre pared i n acco rdan ce wit h the req uireme n ts of th e Co mpan i es Act 2 006.

Basis for opinion

We condu cted o u r a u d it in a cco rdance w i th Inte rn a t io nal Stan da rds o n Auditi ng (U K) (ISAs (UK )) a nd ap p l i ca b l e law . Our res ponsibil i ties unde r those stan da rds are furth er d escri bed i n the Auditor's responsibilities for the audit of the financial statements sect i on of ou r repo rt. We are i n de pend ent of the ch ari ta b l e company in ac cordance with th e eth ica l req u ire men ts th a t are rel eva n t to our au d it of th e fi n a n ci al statem e nts i n the U K, i n clud ing th e F RC's Et h ica l Sta nd ard , a nd we have fu lfil l ed our oth er eth ica l respo n sibil it i es in acco rd ance w ith th e se re quirem e n ts . We bel i eve t h at the a udit evid e nce we h ave o btain ed I s su fficien t and ap p ro priate to provid e a ba sis for our o p in i o n.

Conclusions relating to going concern

In au di t i ng t h e fina nci al statem e nts, we h ave co ncl u d ed that th e Trustees ' u se of t he g o in g co n cer n basis o f accou nting i n t h e pre p a ra ti o n of the fi n a ncial state m e n ts is a pp ro pri ate.

Based on th e work we h ave p e rfo rm ed, we h a ve n ot ide ntifi ed a ny m a teria l uncerta in ti es rel a t ing to eve nts o r co ndit i o ns th at, i ndivi duall y or col l ect ive ly, may ca st s igni fica nt d o ubt o n t he ch a ri tabl e co mpany 's a bili ty to co ntinue as a goi n g co n cern fo r a p eriod of at le as t twe lve m onth s fro m whe n t h e fin anci al state m e nts are aut ho r ised fo r i ss u e.

Our res po nsibi l ities and t he res pon sib iliti es of th e Trustees with respect to g o i ng conce rn are d escribed in the re l evan t sections of thi s repo rt .

Other information

Th e oth er info rm atio n comp ri ses the informa ti o n i ncl u ded in t h e annu al re port ot h er th an th e fi n anci al state ments a n d o ur au d i to r's re po rt th ereo n. Th e Trustee s a re respo nsi bl e for th e oth e r in fo rma ti on co ntai ned wi t hin th e a n nu al repo rt . Our op i ni on on th e financia l state m e nts d oes n ot cover th e oth er i n form at io n and w e do n ot ex press any fo rm of a ssurance co nclu s io n thereo n. Our respo nsibi l ity is to read t he o the r i nfo rmation a n d, i n do i ng so, consider w h et he r the oth e r in fo rmatio n is m ate ri al l y In con s i ste n t wi th t h e fin a ncia l s tateme n ts or our knowledg e o bt a i ned i n t h e co urse of th e a u dit, o r otherwis e a ppears to be m ate ria ll y m issta ted. If we ide n tify su c h m aterial i n consiste n ci es or a ppare n t mate rial misstateme nts, we a re req ui red to dete rm i n e whether th i s gives rise to a m ate ri a l mi ss ta tem ent i n the fina nc i al s ta tem e nts the m sel ves. If, ba sed on th e work w e have p erfo rm ed, we co ncl ude t h at th ere i s a mate rial mi sstatem en t of th i s oth e r i n forma tion , we are req uired to repo rt t h a t fa ct .

We h ave n oth ing to repo rt i n this regard.

Heart of Birmingham Vocational College Independent auditor's report (continued) To the Trustees of Heart of Birmingham Vocational College

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion: the information given in the financial statements is inconsistent in any material respect with the Trustees' report; or sufficient accounting records have not been kept; or the financial statements are not in agreement with the accounting records; or we have not received all the information and explanations we require for our audit.

Responsibilities of Trustees

As explained more fully in the statement of Trustees' responsibilities, the Trustees, who are also the directors of the charitable company for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

A further description of our responsibilities is available on the Financial Reporting Council's website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Heart of Birmingham Vocational College Independent auditor's report (continued) To the Trustees of Heart of Birmingham Vocational College

Mark Howell FCA (Senior Statutory Auditor)

For and on behalf of DJH Audit Limited, Statutory Auditor Church Court

Stourbridge Road Halesowen West Midlands B63 3TT Date:

DJH Audit Limited is eligible for appointment as auditor of the charitable company by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

Heart of Birmingham Vocational College ET it (|| Statement of financial activities Including income and expenditure account

For the year ended 31 July 2025

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
Notes £ £ £ £ £ £
Income from:
Donations and
legacies 3 25,905 25,905 36,497 36,497
Charitable activities 4 4,212,850 3,673 4,216,523 3,614,482 9,525 3,624,007
Total income
A		 4,238,755 3,673 4,242,428 3,650,979 9,525 3,660,504
Expenditure on:
Charitable activities 5 4,063,234 6,062 4,069,296 3,511,407 3,600 3,515,007
Other expenditure 10 11,538 - 11,538 2,567 - 2,567
Total expenditure 4,074,772 6,062 4,080,834 3,513,974 3,600 3,517,574
Net income/(expenditure)
**and movement in ** funds 163,983 (2,389) 161,594 137,005 5,925 142,930
Reconciliation of funds:
Fund balances at 1 August
/
Is
2024 278,059 9,281 287,340 141,054 3,356 144,410
**Fund balances at 31 ** July
2025
1		 442,042 6,892 448,934 278,059 9,281
;		 287,340
L

The statement of financial activities[includes][all] gains[and][losses][recognised][in][the][year.][All][income][and] expenditure derive from continuing activities.

Heart of Birmingham Vocational College Balance sheet

As at 31 July 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 12 385,930 394,328
Current assets
Debtors 13 98,473 84,068
Cash at bank and in hand 229,121 58,293
327,594 142,361
Creditors: amounts falling due 14
within one year (262,531) (236,428)
Net current assets/(liabilities) 65,063 (94,067)
Total assets less current liabilities 450,993 300,261
Creditors: amounts falling due after
more than one year 15 (2,059) (12,921)
Net assets 448,934 287,340
The funds of the charitable company
Restricted income funds 16 6,892 9,281
Unrestricted funds 17 442,042 278,059
448,934 287,340

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 July 2025.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476.

These financial statements have been prepared In accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Trustees on | ae POlorl2e

J Lawrence Trustee

Heart of Birmingham Vocational College

Statement of cash flows ' ,? hi it For the year ended 31 July 2025

2025 2024
Notes £ £ £ £
Cash flows from operating activities
Cash generated from operations 22 224,029 101,099
Investing activities
Purchase of tangible fixed assets (64,798) (133,280)
Proceeds from disposal of tangible fixed
assets 19,116
Net cash used in investing activities (45,682) (133,280)
Financing activities
Payment of finance leases obligations
Fis
1		 (7,519) (6,892)
Net cash used in financing activities (7,519) (6,892)
Net increase/(decrease) in cash and cash
equivalents 170,828 (39,073)
Cash and cash equivalents at beginning of year 58,293 97,366
Cash and cash equivalents at end of year of year 229,121 58,293

Heart of Birmingham Vocational College Notes to the financial statements

For the year ended 31 July 2025

1 Accounting policies

Charity information

H eart of Birmi ngham Vocation al Co ll eg e i s a private comp any limi ted by g uaran tee i nco rpo rated in E n gl and an d Wales. The registere d office is 328332 Bro mford La n e, Was hwood H e a t h , Birm ingham, B 8 2SD, Uni te d K i ng d o m.

1.1 Reporting period

In 2024 the reporting period was changed to end on 31 July for closer consistency with funders' years and consequently the comparatives in these financial statements are for a period of 11 months and so are not entirely comparable.

1.2 Basis of preparation

The financial statements have been prepared in accordance with the charitable company's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charitable company is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3 Going concern

At the time of approving the financial statements, the Trustees have[a] reasonable[expectation][that] the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance[of] their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charitable company.

1.5 Income

Income is recognised when the charitable company is legally entitled to it[after][any] performance conditions have been met, the amounts can be measured reliably, and it is probable that[income][will] be received.

Cash donations are recognised on receipt. Other donations are recognised once the charitable company has been notified of the donation, unless performance conditions require deferral of[the] amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Heart of Birmingham Vocational College Notes to the financial statements (continued) For the year ended 31 July 2025

1 Accounting policies

(Continued)

Legacies are recognised on receipt or otherwise if the charitable company has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.6 Expenditure

Expenditure Is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved In undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to apportionedmore than onebetweenactivitythoseand 1 activitiessupport | oncostsa ' basiswhichconsistent S are notwithattributablethe use ae oftoresources.a single Central § activitystaffare E costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use.

1.7 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation ; Sr heats is recognised fests Wy so as | wat to write | off the i cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements 5% on cost
Fixtures and fittings
=
=		 20% on cost
Pot
Computers 20% on cost
Motor vehicles 20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference[between][the][sale] proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.8 Leases

Leases are classified as finance leases whenever the terms of the lease transfer[substantially][all][the] risks and " rewards t i of ownership to f the lessees. ot: All other f Lilie leases ¢ are | classified eae as operating Te leases. =e

Assets = held under i finance leases - are recognised — = as assets at the lower of the assets fair value ” at 1[the] )fU date of inception and the present value of the minimum lease payments. The related liability[is] included in the balance sheet as a finance lease obligation. Lease[payments][are][treated][as][consisting] of capital and interest elements. The interest is charged to net[income/(expenditure)][for][the][year][so] as = sr to produce a constant l periodic 3 rate of interest on the fi7 remaining bho balance “| \ of the - liability.

Heart = ir) of y— Birmingham | i “, 4 | Vocational 1 1 — College * Notes = to the = financial mip statements oh et (continued) ow Sore For the year ended 31 July 2025*

2 Critical accounting estimates and judgements

In the application of the charitable company's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ ia a= | f it tl | tie. i [ = from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate Is revised where the revision affects only that period, or in the period of the revision and future periods where the i revision affects both current and future syhey periods. | e ' \ | qd

3 Income . from hie donations ‘ and legacies

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Donations and
it
aha		 gifts
4		 25,556 31,649
1
Other 349 4,848
25,905 36,497

Income from charitable activities

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Education
ESFA Income 1,872,901 1,872,901 1,526,121 • 1,526,121
Local Authority Income 1,960,600 - 1,960,600 1,849,638 • 1,849,638
Governement
departments 269,623 1,000 270,623 175,466 - 175,466
Other income 109,726 2,673 112,399 63,257 9,525 72,782
a —— ————____— es nd ———
4,212,850 3,673 4,216,523 3,614,482 9,525 3,624,007

Heart of Birmingham Vocational ' College \ Notes to the financial statements (continued) For the year ended 31 July 2025

5 Expen ditu re o n charitable a ct i vit ies

==> picture [415 x 456] intentionally omitted <==

----- Start of picture text -----
|||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Education|}|Education|'| |2025|2024| |£|£| |Direct|costs| |Education|3,153,878|2,761,974| |Share|of|support|a|and|+|governance|I|{|il|costs|Il|(see|note|6)| |Support|915,418|753,033| |4,069,296|3,515,007| |Analysis|by|fund| |Unrestricted|funds|4,063,234|3,511,407| |Restricted|funds|6,062|3,600| |4,069,296|3,515,007| |Support|“|rh|costs|)|allocated|He ae|to|At|activities|we|ii| |2025|2024| |£|£| |Depreciation|ie|62,549|52,551| |General|support|cost|112,100|135,822| |Repairs|reall|and|renewals|-|14,054| |Rent,|rates|and|||utilities|481,003|400,003| |Insurance|16,318|15,713| |Accountancy,|legal|and|professional|7,444|22,422| |IT|expenditure|103,356|55,725| |Motor|expenses|2,996|-| |Bank|charges|119|154| |Phone|i|and|mobile|poll|19,080|:|15,489| |Subscriptions|roy|'|and|memberships|||110,453|41,100| |915,418|753,033| |Analysed|between:| |Education|||915,418|753,033|

----- End of picture text -----

Heart of Birmingham Vocational College rae Notes to ie the financial 7 statements ! (continued) 1 For the year ended 31 July 2025

7 Net movement in funds 2025 2024
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
'
Jo		 6,900
Depreciation of owned tangible fixed
i:
1
!
Hi
'		 assets
i		 62,549 52,551
Profit on disposal of tangible fixed assets
i
i
f		 (8,468)

8 Trustees

None of the Trustees (or any persons i connected with them) received | rh any lie][remuneration][or][benefits] from the charitable company during the year.

9 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
87 86

There were no employees whose annual[remuneration][was][more][than][£60,000.]

Remuneration of key management personnel
q
ik
lh
t
a
il		 Remuneration of key management personnel
q
ik
lh
t
a
il		 Remuneration of key management personnel
q
ik
lh
t
a
il		 Remuneration of key management personnel
q
ik
lh
t
a
il		 Remuneration of key management personnel
q
ik
lh
t
a
il
The remuneration of key
1
lis		 management personnel was as follows:
ie
I
2025 2024
£ £
Aggregate compensation 226,571 218,231
i
Other expenditure
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Net loss on disposal
of tangible fixed
;		 assets (8,468)
:
Financing costs 2,800 2,567
Other expenditure 17,206 -
11,538 2,567

10 Other expenditure

Heart of Birmingham Vocational College Notes to the financial statements (continued) For the year ended 31 July 2025

11 Taxat ion

The charity is exempt from taxation on its activitie:5 because all its Income is applied for charitable purposes.

12 Tangible fixed assets
Leasehold Fixtures and Computers Motor Total
Improvements fittings vehicles
£ £ £ £ £
Cost
At 1 August 2024 301,742 118,995 81,044 97,554 599,335
Additions - 12,554 1,391 50,853 64,798
Disposals - - - (22,915) (22,915)
At 31 July 2025 301,742 131,549 82,435 125,492 641,218
Depreciation and impairment
At 1 August 2024 41,508 46,077 61,614 55,807 205,006
Depreciation charged in the year 15,087 11,313 11,050 25,099 62,549
Eliminated in respect of disposals - - - (12,267) (12,267)
At 31 July 2025 56,595 57,390 72,664 68,639 255,288
Carrying amount
At 31 July 2025 245,147 74,159 9,771 56,853 385,930
At 31 July 2024 260,234 72,918 19,429 41,747 394,328
13 Debtors
2025 2024
**Amounts falling due within one ** year: £ £
Trade debtors 13,642 16,347
Other debtors 68,827 61,100
Prepayments and accrued income 16,004 6,621
98,473 84,068

Heart of Birmingham iit Vocational College 1 Notes to the financial statements | (continued) | For the year ended 31 July 2025

14 C red ito rs: a m oun ts falling du e wi th in o ne year

ee

2025 2024
Notes £ £
Obligations under finance leases 10,861 7,518
Other taxation and social
i
i		 security
)		 62,704 95,269
=.
Trade creditors
=		 55,972 89,683
=
Other creditors 20,265 37,358
Accruals and deferred income 112,729 6,600
262,531 236,428
15 Creditors:
1		 amounts
‘
7		 falling due
1		 after
jie		 more than one
in
year
att
2025 2024
Notes £ £
Obligations
ee		 under finance


q
ve		 leases

16 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 August At 1 August Incoming Resources At 31 July
2024 resources expended 2025
£ £ £ £
- (8,071) (8,071)
Restricted funds 9,281 3,673 2,009 14,963
9,281 3,673 (6,062) 6,892
Previous 11 months: **At ** 1 August Incoming Resources At 31 July
2023 resources expended
1
1		 2024
£ £ £ £
Restricted funds
 3,356 9,525 (3,600)

Heart = of i Birmingham ; Vocational ere, 2 ; \ College = 2 Notes to the financial , statements ke (continued) || b For the = year ended 31 July 2025 == Bo = il | aej e t |

17 Unrestri cte d funds

The unrestricted 2 ri funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees i z Se] | | 1 | | Ede 2 = = = for specific purposes.

At 1 August Incoming Resources At 31 July
2024 resources expended 2025
£ £ £ £
General funds 278,059 4,238,755 (4,074,772) 442,042
Previous 11 months: At 1 August Incoming Resources At 31 July
2023
Dilacedy		 resources
ie)
Ae		 expended
ad}		 2024
eke
£ £ £ £
General funds
ie
(Of		 141,054
4		 3,650,979
Wee		 (3,513,974)
n
7
!		 278,059
eta

18 Analysis of net = assets 7 ; between dita. funds 4 7

Unrestricted Restricted Total
funds
rr		 funds
fF
2025 2025 2025
£ £ £
At 31 July 2025:
Aa!
u
i
Tangible assets
TEI
(igen
teryBa		 385,930
;		 -
:		 385,930
Lea,
Current assets/(liabilities)
{
qa
Nab
ieeear		 58,171 6,892 65,063
Long term liabilities (2,059) (2,059)
oe = es
442,042 6,892 448,934
Unrestricted Restricted Total
funds funds
iat33}
2024 2024 2024
£ £ £
At 31 July 2024:
1
M
W
'
Tangible assets 394,328 394,328
Current assets/(liabilities) (103,348) 9,281 (94,067)
Long term liabilities
~
FT		 (12,921) * (12,921)
278,059 9,281
i)
rh		 287,340
i

Heart of Birmingham Vocational College Notes to the financial ' \ statements \ an) i (continued) \ i | For the year ended 31 July 2025

==> picture [158 x 14] intentionally omitted <==

Lessee

At the reporting end date the charitable company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025 2024
£ £
Within one year
I		 91,096 66,393
Between two and five years
inf		 181,318
,		 199,016
272,414 265,409

20 Related party transactions

There were no disclosable related | party ant transactions during the year (2024 - none).

Heart of Birmingham | Vocational Lith Vin College Notes to ! the financial | statements ; eh fl (continued) a Vi | tia For the year ended 31 July 2025

21 Pension commitments ee

The charitable company’s 1 ba employees belong to two principal pension schemes: the Teachers' Pension Scheme England and Wales (TPS) for academic and related staff; and the Local Government Pension Scheme (LGPS) for non-teaching staff. Both are multi-employer defined benefit schemes. who qlee bear ' | v | il! The latest actuarial valuation ‘ ' ecg of the oy TPS ale. related cyl | to the ' period 1st ended 12 31 1 March 2012 and F of the LGPS 31 March 2016. : la ony heats Lop we = oe lo ih. Ewe I i ie Contributions amounting 1 to £19,032 were payable to the schemes at 31 July 2025 (2024: £36,950) and are included within ' creditors. tat i \ toypath \ | Teachers' Pension Scheme The Teachers' Pension Scheme (TPS) is a statutory, contributory, defined benefit scheme, governed by the Teachers' Pensions Regulations (2010) and, from 1 April 2014, by the Teachers; Pension Scheme Regulations 2014. Membership Is automatic for full-time teachers in academies and, from 1 January 2007, automatic for teachers in part-time employment following appointment or a change of contract, although they are able to opt out. = i || ie ‘ =o. I Site a = eta| | : a The TPS is an unfunded scheme and members contribute on a 'pay as you go' basis - these contributions along with those made by employers are credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament. Valuation 5 st of the Teachers' gee Es Pension =e | Scheme Via Sauer Sgt es =e Not less than every four years the Government Actuary, using normal actuarial principles, conducts =e ee= a =| formal aU et actuarial | review ee of 5 the TPS SS in Be accordance BS eh) wel with ttt S| the Sane Public Service Pensions - aie (Valuations le pi and Employer | Cost [Es | Cap) Directions 2014 published by HM Treasury. The aim of the review is to specify the level of future contributions. Actuarial scheme valuations ‘ : are aia dependent Fs fl on ji assumptions a= ia, about a the ‘im value aU of future Set costs, f i design ied of benefits See ee and aa [i many 5 = other i factors. Samer The aaa latest actuarial ia iSonic valuation all trai ies ‘ao of the iit TPS was | = carried ae fh out mera as at 31 March se S*-S== 2020 and in accordance with the Public Service Pensions (Valuations and Employer Cost Cap) 5 Directions Be = 2014. Se ate The valuation Scion report ap was published eae j= by the St Department = for Education on 27 October 2023. The key elements of the valuation and subsequent consultation are:

A copy of the valuation report and supporting documentation is on the Teachers' Pension website. fe = } ==

Under the definitions set 1 out oe In 4i FRS '1 102, yr the TPS I | is es a | multi-employer | pension | i | scheme. The charity has accounted for its contributions to the scheme as if it were a defined contribution scheme. The charity has set out above the information available on the scheme. nln : : ' hi \ ' rs f— | ee it lp 1 | | 1 | je Local Government Pension Scheme ' ‘ im ie ag “Tal Laiaseinemiy isd ‘ The LGPS is a funded defined benefit pension scheme, with the assets held in separate trustee-administered funds. Due to the fact that J only eye a minority ee of the charity's employees are in the Local Government Pension Scheme, ' no | formal Vila valuation ie] of a the scheme The brat liability | has Mt been P obtained for these financial statements. 1 The a charity has accounted for its contributions to the scheme as if it were a defined contribution no) Wl ' scheme. fat h 1 t 1 a uae li et | oa aa ee ! iyhema a | mL Nye \ | ‘ The total contributions to i] defined iy benefit bed pension that wee schemes wel recognised I as Heat an ile expense for the period ended 31 July 2025 were vi £247,814 Tay he (2024: £195,337).

Heart of Birmingham Vocational College Notes to the financial statements (continued) For the year ended 31 July 2025 ' \ \ ay 4 i

22
SS		 Cash
generated
from
operations
' 2025
|2024
£ £
Surplus for the year 161,593 142,931
Adjustments for:
Gain on disposal of tangible fixed assets (8,468)
Depreciation and impairment of tangible fixed assets 62,549 52,551
Movements in working capital:
(Increase) in debtors (14,405) (29,978)
vyhy
Increase/(decrease) In creditors 22,760 (64,405)
— ners
Cash generated from operations 224,029 101,099
23 Analysis of changes in net funds
At 1 August Cash flows At 31 July 2025
2024
£ £ £
Cash at bank and In hand 58,293 170,828 229,121
Obligations under finance leases (20,439) 7,519 (12,920)
37,854 178,347 216,201