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2025-09-30-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

International Bible Training College

(A company limited by guarantee) Charity registration number: 1173899 Company registration number: 10716786

Independent Examiners Ltd The Grain Store Hills Barns Chichester West Sussex PO20 7EG

INTERNATIONAL BIBLE TRAINING COLLEGE

CONTENTS

Reference and Administrative Details 1
Trustees' Report 2 to 9
Independent Examiner's Report 10
Statement of Financial Activities 11
Balance Sheet 12 to 13
Notes to the Financial Statements 14 to 22

INTERNATIONAL BIBLE TRAINING COLLEGE

REFERENCE AND ADMINISTRATIVE DETAILS

Trustees

Mark Sherratt John Whyte Bernard Lewis Martin Sheppard Simon Pastorello

Charity Registration 1173899 Number Company Registration 10716786 Number

The charity is incorporated in England.

Registered Office Hook Place Cuckfield Road Burgess Hill West Sussex RH15 8RF Independent Examiner G W Schulz FCMA Independent Examiners Ltd The Grain Store Hills Barns Chichester West Sussex PO20 7EG Bankers HSBC Crawley West Sussex RH10 1UT

Page 1

INTERNATIONAL BIBLE TRAINING COLLEGE

TRUSTEES' REPORT

The Trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 30 September 2025.

Structure, governance and management

Nature of governing document

International Bible Training College is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.

Recruitment and appointment of Trustees

The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.

The charity maintains a board of five charity Trustees for the purposes of strategic direction and oversight of the charity. The Trustees seek to convene twice a year. The Trustees are formed of members from a variety of professional backgrounds relevant to the work of the charity.

The Trustees of the charity give their time voluntarily and received no benefits from the charity.

The Trustees are appointed for a five-year term after which they may offer themselves for re-election.

Induction and training of Trustees

New Trustees are appointed as and when seems fit, but always according to the needs of the charity. New Trustees are made aware of the work of the charity ahead of joining the board. This includes being fully briefed about the vision and purpose of the charity and being given information on the role of a Trustee.

Organisational structure

The day to day running of the charity is delegated to the Leadership team, overseen by Mrs Lisa Lentini and Mr Davide Lentini and an immediate team of staff and key volunteers. The Leadership Team meet formally at least twice a month. and the staff daily.

Risk management

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.

Page 2

INTERNATIONAL BIBLE TRAINING COLLEGE

TRUSTEES' REPORT

Objectives and activities

Objects and aims

Charitable Objectives:

a) Advancing religion in accordance with the Statement of Beliefs in the following ways: • by providing and carrying on schools and colleges and training young people from all parts of the world and in particular from Europe and equipping them with a knowledge of the Holy Bible and of the Christian faith to enable them to become ministers, missionaries and evangelists;

• by evangelising throughout the world in ways which may include missionary journeys, campaigns and radio and television broadcasts;

• by publishing, printing, selling and distributing religious books, magazines, pamphlets and by making, selling and distributing recordings.

b) Relieving poverty both in Great Britain and anywhere else in the world by providing, receiving, collecting and distributing clothing, food, materials and money.

Public benefit

The Trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.

Achievements and performance

"Trust in the Lord with all your heart; do not depend on your own understanding. Seek his will in all you do, and he will show you which path to take." — Proverbs 3:5-6 (New Living Translation)

This report has been compiled not only to fulfil the statutory and legal requirements of the Charity but also to reflect upon the enduring faithfulness of God’s promises. It is our hope that this summary offers encouragement, comfort, and insight to all our readers and supporters.

Page 3

INTERNATIONAL BIBLE TRAINING COLLEGE

TRUSTEES' REPORT

1. Human Resources and Staffing

Securing unpaid volunteers remains a persistent challenge, placing additional operational pressure on the dedicated staff currently serving the IBTI. Despite these constraints, the team continues to deliver exceptional service, demonstrating high standards of expertise and commitment.

Securing unpaid volunteers remains a persistent challenge, placing additional operational pressure on the dedicated staff currently serving the IBTI. Despite these constraints, the team continues to deliver exceptional service, demonstrating high standards of expertise and commitment.

Notably, our personnel include two former Ukrainian students whom the charity supported following the outbreak of war in their home country. Despite the significant personal hardships they have endured, their dedication to their respective responsibilities has been exemplary.

During this reporting period, our multicultural team comprised of the following countries:

Ukraine

Netherlands

Italy

Germany

United Kingdom

We also acknowledge the retirement of two long-serving staff members. We are deeply grateful for their years of service and for their continued willingness to support the charity with ad-hoc assistance whenever needed.

2. Infrastructure and Curriculum Developments

New Accommodation Block Update

Due to budgetary constraints and the shortage of volunteer labour, physical progress on the New Accommodation Block was limited this year. However, the existing new facilities once again proved to be a vital source of revenue. Following the graduation and departure of students from the campus, various churches and external groups utilized the accommodation, providing critical financial support during the summer months.

Due to budgetary constraints and the shortage of volunteer labour, physical progress on the New Accommodation Block was limited this year. However, the existing new facilities once again proved to be a vital source of revenue. Following the graduation and departure of students from the campus, various churches and external groups utilized the accommodation, providing critical financial support during the summer months.

Page 4

INTERNATIONAL BIBLE TRAINING COLLEGE

TRUSTEES' REPORT

Curriculum Restructuring

A significant operational change was implemented regarding our academic calendar. Historically, courses ran from January to June. To optimize delivery and align with strategic requirements, the academic year has been restructured to run from October to April .

A significant operational change was implemented regarding our academic calendar. Historically, courses ran from January to June. To optimize delivery and align with strategic requirements, the academic year has been restructured to run from October to April .

3. Student Enrolment and Academic Achievements

Student intake saw a marked improvement compared to the previous academic year.

Student intake saw a marked improvement compared to the previous academic year.

Level 4 Course (Applied Theology): The College received 15 applications. However, in line with ongoing immigration challenges, two applicants from outside the European Union were refused study visas. Consequently, 13 students successfully enrolled and completed the course in June 2025.

Level 5 Course (Applied Theology): Four students enrolled in this advanced program, with all four successfully graduating.

The student body represented a diverse range of nations, including Ghana, Luxembourg, Spain, Italy, and England. This year, we also welcomed four Ukrainian students. While the charity accepted them free of charge, the majority were commendably able to secure external funding to cover their costs, which greatly assisted the college in meeting rising utility and amenity expenses. Many of our students originate from regions experiencing severe geopolitical or economic hardship; they are to be highly commended for the resilience and focus they demonstrated throughout their studies.

One Ukrainian student shared the following reflection on her time at the college:

"As a refugee from Ukraine, I’m deeply grateful for the support I received—financially, mentally, and spiritually—from the staff and peers who welcomed me with open hearts. IBTI is grounded in God’s Word, with values like honour, humility, and purity, which are essential for building a strong faith foundation."

4. External Quality Assurance and Accreditation

On March 4, 2025 , the NCFE (Academic Accrediting Organisation) conducted its annual inspection of the IBTI and its accredited programs. The college received an outstanding evaluation.

On March 4, 2025 , the NCFE (Academic Accrediting Organisation) conducted its annual inspection of the IBTI and its accredited programs. The college received an outstanding evaluation.

Page 5

INTERNATIONAL BIBLE TRAINING COLLEGE

TRUSTEES' REPORT

Key excerpts from the NCFE Annual Monitoring Report include:

Course Delivery & Admissions: "The college provides a course outline for the two NCFE-accredited qualifications they deliver. The admissions policy supports students when deciding what course to apply for... The course outline details the entry requirements, what the courses entail and how the course is delivered."

Student Support & Compliance: "The courses are residential and students are offered a mentor within the college but also encouraged to seek advice and support outside as well... The student handbook provides detailed information on the services and facilities throughout the college... Student needs are regularly reviewed and recorded throughout the course."

Adaptive Management: "Due to changes in visa status for overseas students, the college has had to adjust the length of the courses from 9 months to 6 months. The course has been slimmed down without losing any of the content. Staff feel the course is now more focused and it has not impacted the content or learning outcomes... It is clear from discussions and updates today that the centre has maintained the procedures required to meet NCFE requirements."

Risk Rating: As a result of this rigorous assessment, the IBTI was awarded a "Low Risk" status—the highest tier of compliance confidence awarded by the organization.

5. Academic Faculty

Driven by positive feedback from alumni serving globally and across the UK, as well as from partner churches, the demand to teach at IBTI continues to grow. This year, we welcomed four new guest lecturers to our faculty:

Driven by positive feedback from alumni serving globally and across the UK, as well as from partner churches, the demand to teach at IBTI continues to grow. This year, we welcomed four new guest lecturers to our faculty:

Miss Hannah W ( Youth Ministry )

We extend our sincere thanks to all our lecturers for their substantial, voluntary contributions of time, theological expertise, and practical ministry experience.

Page 6

INTERNATIONAL BIBLE TRAINING COLLEGE

TRUSTEES' REPORT

6. International Mission Operations

IBTI field missions this year focused on supporting our global alumni network, yielding highly successful outcomes for both the student participants and the recipient communities. IBTI field missions this year focused on supporting our global alumni network, yielding highly successful outcomes for both the student participants and the recipient communities.

Uganda: The IBTI organised support for former student James Akolo, who has successfully planted over 17 churches in his region. The primary objective was to fund and oversee the drilling of a deep-borehole well to alleviate severe water scarcity. This project was funded by external donations. After extensive drilling, the project successfully struck water, establishing a clean supply that now serves three local villages.

Spain (Valencia Flood Relief): Following the catastrophic flash floods in Valencia, the IBTI organised a relief mission to assist local churches on the ground. Funded by external donations, the team purchased and distributed critical appliances—such as washing machines, refrigerators, and stoves—to families who had lost their homes and possessions.

Romania: This IBTI mission operated with a dual focus. First, the team supported Cāminul Felix ("Happy Home"), a village initiative founded by an IBTI former student where foster parents adopt and raise orphaned and abandoned children in a stable family environment. Second, the IBTI team provided practical, emotional, and spiritual ministry to a marginalized Roma community facing severe socio-economic hardships. Turin, Italy: The IBTI organized a mission to support local churches in the region, providing specialized theological teaching on global mission, family roles, and responsibilities within the ecclesiastical community. The team also delivered Christian counselling centred on biblical marriage values, equipping and encouraging participants to work together in fulfilling the Great Commission: 15 He [Jesus] said to them, “Go throughout the whole world and preach [communicate/share] the gospel [the good news of God’s love and salvation] to all people. 16 Whoever believes and is baptized will be saved;… ( Mark 16:15-16 ).

7. Asset and Transport Update

During the year, two staff members were involved in a vehicular collision with a deer while returning to campus. We give thanks to God that both occupants escaped without injury, though the incident unfortunately resulted in the death of the animal.

During the year, two staff members were involved in a vehicular collision with a deer while returning to campus. We give thanks to God that both occupants escaped without injury, though the incident unfortunately resulted in the death of the animal.

The vehicle sustained catastrophic damage and was written off by insurers, leaving a valuation gap that prevented an immediate replacement (recovering only a £200 scrap value). While this initially placed a severe strain on college logistics, The Harvest Centre in Brandon generously donated a 7-seater replacement vehicle a few weeks later.

Page 7

INTERNATIONAL BIBLE TRAINING COLLEGE

TRUSTEES' REPORT

This providential provision reminded us of the assurances found in Romans 8:28 (The Voice Translation) : "We are confident that God is able to orchestrate everything to work toward something good and beautiful when we love Him and accept His invitation to live according to His plan."

Conclusion and Acknowledgments

While this financial year brought distinct operational challenges, it was equally filled with profound blessings.

While this financial year brought distinct operational challenges, it was equally filled with profound blessings.

As Trustees, we express our deepest gratitude to the general public, our ministry partners, supporting churches, and individual members who contribute through financial donations and voluntary service.

We also extend our thanks to our professional contractors, our dedicated administrative and operational staff, and our academic faculty who invest so heavily in our student body.

Above all, we render praise to Almighty God; our loving Heavenly Father for His providential care, protection, peace, and uninterrupted provision.

"Let the peace of Christ keep you in tune with each other, in step with each other... And cultivate thankfulness. Let the Word of Christ-the Message-have the run of the house. Give it plenty of room in your lives... Let every detail in your lives-words, actions, whatever-be done in the name of the Master, Jesus, thanking God the Father every step of the way." Colossians 3:15-17 (The Message Translation)

Financial review

Income for the year amounted to £179,340 (2024 - £114,213) and expenditure £277,724 (2024 - £253,861). The value of unrestricted funds at year end were £2,713,405.

Policy on reserves

It is the policy of the trustees to aim to maintain reserves in the Charity at a level to enable it to be administered efficiently, to meet its short-term expenditure requirements and to have adequate resources to fund its charitable objectives. The Trustees deem this to be equivalent to 3 months operating expenditure. The level of reserves is subject to periodic review when considering changes to the charity’s activities and requirements.

Page 8

INTERNATIONAL BIBLE TRAINING COLLEGE

TRUSTEES' REPORT

Statement of Responsibilities

The Trustees (who are also the directors of International Bible Training College for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small companies provision statement

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

The annual report was approved by the Trustees of the charity on 10 June 2026 and signed on its behalf by:

......................................... John Whyte Trustee

Page 9

INTERNATIONAL BIBLE TRAINING COLLEGE

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF INTERNATIONAL BIBLE TRAINING COLLEGE

I report to the charity Trustees on my examination of the accounts of International Bible Training College for the year ended 30 September 2025.

Responsibilities and basis of report

As the charity’s Trustees of International Bible Training College (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of International Bible Training College are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of International Bible Training College as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

...................................... G W Schulz FCMA Independent Examiners Ltd

10 June 2026

Page 10

INTERNATIONAL BIBLE TRAINING COLLEGE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025

Note
Unrestricted
funds
£
Income and Endowments from:
Donations and legacies
3
79,359
Charitable activities
4
76,939
Other trading activities
5
1,290
Investment income
6
1,941
Other income
7
18,700
Total income
178,229
Expenditure on:
Charitable activities
8
277,724
Total expenditure
277,724
Net
(expenditure)/income
(99,495)
Transfer between funds
1,111
Net movement in funds
(98,384)
Reconciliation of funds
Total funds brought
forward
2,811,789
Total funds carried
forward
14
2,713,405		 Restricted
funds
£
1,111
-
-
-
-
1,111
-
-
1,111
(1,111)
-
-
-		 Total
2025
£
80,470
76,939
1,290
1,941
18,700
179,340
277,724
277,724
(98,384)
-
(98,384)
2,811,789
2,713,405		 Total
2024
£
54,203
34,469
-
4,805
20,736
114,213
253,861
253,861
(139,648)
-
(139,648)
2,951,437
2,811,789

The notes on pages 14 to 22 form an integral part of these financial statements. Page 11

INTERNATIONAL BIBLE TRAINING COLLEGE

(REGISTERED NUMBER: 10716786) BALANCE SHEET AS AT 30 SEPTEMBER 2025

Note
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors: Amounts falling due within one year
12
Net current assets
Total assets less current liabilities
Creditors: Amounts falling due after more than
one year
13
Net assets
Funds of the charity:
Unrestricted income funds
Unrestricted funds
Total funds
14		 2025
£
2,668,411
2,668,411
1,493
79,150
80,643
(1,950)
78,693
2,747,104
(33,699)
2,713,405
2,713,405
2,713,405		 2024
£
2,706,256
2,706,256
2,043
139,139
141,182
(1,950)
139,232
2,845,488
(33,699)
2,811,789
2,811,789
2,811,789

For the financial year ending 30 September 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The notes on pages 14 to 22 form an integral part of these financial statements. Page 12

INTERNATIONAL BIBLE TRAINING COLLEGE

(REGISTERED NUMBER: 10716786) BALANCE SHEET AS AT 30 SEPTEMBER 2025

The financial statements on pages 11 to 22 were approved by the Trustees, and authorised for issue on 10 June 2026 and signed on their behalf by:

......................................... John Whyte Trustee

The notes on pages 14 to 22 form an integral part of these financial statements. Page 13

INTERNATIONAL BIBLE TRAINING COLLEGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

1 Charity status

The charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the Trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.

Basis of preparation

International Bible Training College meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

Page 14

INTERNATIONAL BIBLE TRAINING COLLEGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Legacy gifts are recognised on a case by case basis following the grant of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the title to the asset having been transferred to the charity.

Gift aid

Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as the gift to which they relate.

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Page 15

INTERNATIONAL BIBLE TRAINING COLLEGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Tangible fixed assets

Individual fixed assets costing £1,000 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate Freehold property 2% on cost Furniture & equipment 20% on cost

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Liabilities

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Fund structure

Unrestricted income funds are general funds that are available for use at the Trustees discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Page 16

INTERNATIONAL BIBLE TRAINING COLLEGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

3 Income from donations and legacies

Donations and legacies;
Donations
Gift aid reclaimed
Other income from
donations and legacies		 Unrestricted
funds
General
£
75,346
3,942
71
79,359		 Restricted
funds
£
1,111
-
-
1,111		 Total
2025
£
76,457
3,942
71
80,470		 Total
2024
£
52,408
1,334
461
54,203

4 Income from charitable activities

Student fees Unrestricted
funds
General
£
74,334
2,605
76,939		 Total
2025
£
74,334
2,605
76,939		 Total
2024
£
25,491
8,978
34,469

5 Income from other trading activities

Events income;
Conferences and similar events
Other events income
Other income from other trading activities		 Unrestricted
funds
General
£
314
226
750
1,290		 Total
funds
£
314
226
750
1,290		 Total
2024
£
-
-
-
-

6 Investment income

Page 17

INTERNATIONAL BIBLE TRAINING COLLEGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Interest receivable and similar income; Interest receivable on bank deposits

Unrestricted
funds
General
£
1,941		 Total
2025
£
1,941		 Total
2024
£
4,805
7 Other income

Insurance
Rental income		 Unrestricted
funds
General
£
-
18,700
18,700		 Total
2025
£
-
18,700
18,700		 Total
2024
£
18,236
2,500
20,736

Page 18

INTERNATIONAL BIBLE TRAINING COLLEGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

8 Expenditure on charitable activities

Housekeeping - Catering
Housekeeping - Cleaning
Housekeeping - Staff
Motor & travel
Fuel and energy
Telephones
Printing, stationery and publicity
Rates
Repairs and renewals
Computer and other ICT costs
Team development and welfare
Other gifts and donations
Legal and professional fees
Insurance
Other expenses
Bank and interest charges
Independent examination
Depreciation		 Unrestricted
funds
General
£
26,595
22,262
26,014
16,098
41,220
9,719
1,053
5,401
25,558
8,876
4,650
9,110
6,712
8,644
1,000
756
1,740
62,316
277,724		 Total
2025
£
26,595
22,262
26,014
16,098
41,220
9,719
1,053
5,401
25,558
8,876
4,650
9,110
6,712
8,644
1,000
756
1,740
62,316
277,724		 Total
2024
£
17,640
23,220
17,450
16,519
38,887
8,623
2,943
6,054
27,614
6,730
2,965
6,111
6,503
7,857
885
293
1,740
61,827
253,861

9 Trustees remuneration and expenses

No Trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No Trustees have received any reimbursed expenses or any other benefits from the charity during the year.

Page 19

INTERNATIONAL BIBLE TRAINING COLLEGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

10 Tangible fixed assets

10 Tangible fixed assets
Land and
buildings
£
Cost
At 1 October 2024
2,916,224
Additions
24,471
At 30 September 2025
2,940,695
Depreciation
At 1 October 2024
223,968
Charge for the year
58,816
At 30 September 2025
282,784
Net book value
At 30 September 2025
2,657,911
At 30 September 2024
2,692,256
11 Debtors
Accrued income
12 Creditors: amounts falling due within one year
Accruals
13 Creditors: amounts falling due after one year
Other loans		 Land and
buildings
£
2,916,224
24,471		 Furniture
and
equipment
£
30,320
-		 Total
£
2,946,544
24,471
2,971,015
240,288
62,316
302,604
2,668,411
2,706,256
2024
£
2,043
2,940,695 30,320
223,968
58,816		 16,320
3,500
282,784 19,820
2,657,911 10,500
2,692,256 14,000
2025
£
1,493
2025
£
1,950
2025
£
33,699
2024
£
1,950
2024
£
33,699

Page 20

INTERNATIONAL BIBLE TRAINING COLLEGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

14 Funds

Unrestricted funds
General
General Funds

Restricted funds
Accommodation block
Total funds

Unrestricted funds
General
General Funds

Restricted funds
Accommodation block
Total funds
 Balance
at 1
October
2024
£
2,811,789
-
2,811,789
Balance
at 1
October
2023
£
2,951,437
-
2,951,437		 Incoming
resources
£
178,229
1,111
179,340
Incoming
resources
£
109,895
4,318
114,213		 Resources
expended
£
(277,724)
-
(277,724)
Resources
expended
£
(253,861)
-
(253,861)		 Transfers
£
Balance
at 30
September
2025
£
1,111
2,713,405
(1,111)
-
-
2,713,405
Transfers
£
Balance
at 30
September
2024
£
4,318
2,811,789
(4,318)
-
-
2,811,789

The transfer from restricted to unrestricted funds was for the construction of the student block to be held for general use. The terms of the restriction were fulfilled once the building was constructed, allowing the asset to be used on an unrestricted basis.

15 Analysis of net assets between funds

Page 21

INTERNATIONAL BIBLE TRAINING COLLEGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets		 Unrestricted
funds
General
£
2,668,411
80,643
(1,950)
(33,699)
2,713,405
Unrestricted
funds
General
£
2,706,256
141,182
(1,950)
(33,699)
2,811,789		 Total funds
at 30
September
2025
£
2,668,411
80,643
(1,950)
(33,699)
2,713,405
Total funds
at 30
September
2024
£
2,706,256
141,182
(1,950)
(33,699)
2,811,789

Page 22