BELFAST BIBLE COLLEGE LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 AUGUST2022
The directors present their strateglc report for the year ended 31 August 2022.
What the College does
The College provides education services.
The Charity's ¢las$lfication
The advancement of Education.
Who the Charity helps
The charity exists to help Ihe general public but is specifically Interested in those who wish to train ft)r growth in
Christian life and seThice, locally and around the world.
How tho charlty works
The charity delivers educational programmes lo create a welcoming community in which God works lo fom7 His
people by integrating spiritual, academic and experiential leaFnin9 rooted in His Word, for growth in Chrlstian lrfé
and seryice. locally and around the world.
REVIEW OF ACTIVITIES AND FUTURE DEVELOPMENTS
There were net outgoing resoufces for the year of £73,040 attributsbie to unrestricte(I reserves which now stand at
£1,220.515. In addition. there was net incomè before Iransfers for the year of £6,923 attributable to reslri¢Aed
resepies which now stand at £69.991.
ACHIEVEMENTS AND PERFORMANCE
Progress was made toward fulfilling our purpose in 2021-2022 in the following area$-
Edu
The College offers undergraduate and postgraduate courses validated by the University of Cumbria These cx)urses
prowde a suite of vocational theology awards (CertHE, DipHE, BA Theology, Graduate Dtp, MA) validated by the
University of Cumbria. Additionally, the college offers a wide range of part time courses in various theological
subjects.
Advancement
l. Recruiting and Enrolment
The number o* full time equival8nt students atterKling the college for the variou5 degree courses
in the year under review was 83.
In Septembar 2021. the Co118ge enrolled 63 {2020".95) undergraduate and O (2020.'4)
postgraduate full time students as well as 7 (2020=5) undergraduate part time, 32 (2020-.39} post
graduate part time and O (2020.'1) full time Ph.D. students.
Those attending the College were from a wide spectrum of denominations. Sludents attendtng
the college corne mainly from UK and Ireland with a small number comlng from countries from
around the world.
ii. Educatlonal Development
During 2021 the College roNed out year 2 of a revalidated UG programme. This newly revalidated
degree builds on our knowledge and experience and sèeks to better serve our students wth an
integraled approach across theological disciples and practical seNice.

BELFAST BIBLE COLLEGE LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 AUGUST2022
The College also sought to enhance the support we offer to sbjdents, on a joine&up approach
across academic. pastoral and residential support. Feedback from students has been very
positive as to the quality of the support and it has been encouraging lo see students access bolh
academic support Ihrough their Personal Tutor scheme. as well as Pa51oral care. This posrtive
feedback has been echoed in the extemal survey based NSS that paints an encouraging picture
of College.
The MA (launched in 2018) continues to attract students from a wtde range of Pfofessronal
backgrounds as its blended approath serves their educational and professional needs well. This
year our further enhancement of the MA has enabled sludents to present Iheir dissertation
research proposals in an online seminar.
Alongside our formal education. the College offers short courses. created by the College and
accessible to the public at large. This year we contrnued our sulte of programmes under the
banner of The Transformation Project. The accessibility of these classes with some face-to-face
and some online has woiked well and resulled in a greater diversity of participants along with a
widpr net of contributors to the teaching.
ÈIS. Resource Development
The level of charitable donations to general operations and specific projecls conlFnues lo support
the Collage needs. The College 1$ dependent on the generosty of supporters to ensure the future
sustainability of the College. This is supported through a funding group to help support application
to Trusts and uncover new funding possibilities.
The College continued its policy of upgrading facilities Ihrough rninoi capital work5 and Ihe ongoing maintenance
programme on its bulldings. During the year £46,550 P021: £42.877) was spenl in this way.
Human Resources
The college continues to support staff and volunteers, wtth ongoing training for our line m8nagers and supportFng
staff.
sess
The College continues its commitment to provldlng theological education at differing academic levels and for
varying study periods depending on the needs of prospective applicants. In the BA in theology from the University
of Cumbria 590A (2021: 46Y.) of stLKlents graduated with a 2.1 or above.

BELFAST BIBLE COLLEGE LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 AUGUST 2022
FINANCIAL REVIEW
The r8suIts of the College's activities are contsined in the attachèd f￿ancIal statements.
Overall a deficit of £66,117 (2021: surplus £47,869) is reported for the year ended 31 August 2022. Unrestricted
Furtds retUTned a deficit of £73.040 compared lo a surplus of £43,146 in 2021 whilst th8 corresponding figures for
Restricted Funds were a surplus of £6,923 and a surplu5 of £4.723 respectively,
Unrestricted Reserves were £1,220,515 (2021., £1.293.555) at year end whilst Restrfcted Reserves were £69,991
12021: £63,068).
The College decreased its bank balance during the year. Bank balan￿S at year end were £550.764 compared to
£586.088 at the end of the previous year. This is sufficient cash reseNes to meet Ihe College's funding
requirements for Six monlhs without resoTling to borrowing from Ihe company's bankers or generating additlonal
lunds.
Income
During the year under review, 83 (2021-. 122) full time equivalent students attended the Collegè completing one or
more of the variety ot ￿U[seS provided by the College. In the year to August 2022 fee income for such students
amounted to almost £475.643 (2021: £625,109).
Almost 233 (2021.339) part-time students attended evening dass or day release courses generating fee income of
£41.993 (2021:£41,352).
Donatlon income and income from the use of the College's facilities continue to provide a steady source of
revenue.
nditur
Expenditure may be broken down belwe8n that whith is incurred direcuy on education and that which 15 incurred
on mainlaining the College's buildings and infrastnjcture. Over 85% of the educational costs may be analysed a5
employment cosls. Personnel and Property costs aTe the major areas of experKliture within the indirect or
corporate services area.
The Colleg8 has been impacted by the steep rise in energy costs as a result of the currènt cost of livlng uisis. As
this occurred during the middle of the academic year. w6 were unable lo recover any additional costs by way of
increased fees- fees being Set in advance for each academic year. At the same time. we identified that Glenbum
House was in serious ft8ed of major r6furbishment and upgrade. However, the increased costs of mateiials and
labour have prohibited Ihe rom out of the work required until addittonal funding Is In place.
Re
nated Fu
The College also receives donation income from churches and Indlviduals for specific projects. These are all
recorded separately according to their specified use and are maintained in separate funds as follows..
Global Sponsorship FurKI
This Fund is used to support undeigraduale overseas students who are unable to raise the fees to study at the
College.

BELFAST BIBLE COLLEGE LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 AUGUST 2022
Assistance is also given for Iravel. 8¢commodation and out of pocket livlng expenses for such students. Where a
student is supported by a church. the student is obliged to visit the sponsoring church regularly at weekends to
experience pastoral work in a Northern Ireland churth environment. In Ihe year just ended, no (2020.. 2) students
were supported under this scheme.
Student Bursary Fund
This Fund is used to support students from withtn the Brittsh Isles who would otherwise be unable to meet the
costs of study at Ihe College. Such students are assessed by a Board suk￿COmmittee who bring Iheir
recommendations to the Boafd as appropriate. During the yeai ending 31$1 August 2022, with the assistsnce of a
Funder we were able to provide 4 students with a total of £3,000.00 of assistance.
College Building Fund
The College owns all its burldings and has no loans outstanding on its property. This Fund is a DesvJnated rather
than a Restricted Fund and is set aside for a capital project lo improve facilities.
Land and Building Fund
The College maintsins a designated resèrve equbvalent to the net book value of Its property (land and buildings) to
focus attention on thè infrastructure of the College and the need to generate sufficient funds to maintain this
property. This resetve is made up of the land and buiFdings which are held for the long tenn and Is not readily
available to meet Ihe ongoing operating cosls of the Cdlege.
RESERVES POLICY
By its nature the ¢ollege meets expenditure from tts income and the majorily of unrestsicted rese￿e$ comprises
deslgnated funds. 11 is the Board's policy lo work towards a posilion where General Fund reserves as set out In
note 17 are sufficient to meet three months of operating costs which amounts to £228,741 withoul prejLKlicirvJ the
ongoing activities of the Col￿e. The reserves policy is reviewed annually, and unrestricted General Fund reseNes
amount to £269,146 at 31 August 2022. Thls represents 3.5 months of operating costs of the College. The Board is
continuing to seek to achieve the reserves target while continuing to deliver the College's objectivès by seeking to
budget for a small surplus each year. The total reserves of th8 College for charitable purposes amounts to
£1,290,506 at 31 August 2022 of which 5 % are restricted, 64°/ts are represented by land and buildings and 31% are
available for use albeit 90h of thal is designated for firtura capital projects by the Board.
Plan For Future Perlods
The Board is cognizant of the challenges fadng theologi￿1 colleges in a post-pandemic landscape. In 2022-2023,
members strove to achieve strategic objectlves (which were agreed to in 2021), with courage, adaptability and
creativity.
The strategic objectives are".
1. To strengthen the College'B edur*lonal promsion and conlinue to Improve the quality of the teachlng
and leaming experience.
2. To enable all of our students to progress In their learning. their personal d8velopment and Ihe
maturing of their Chrislian charader, and to help them live out their faith as 21st century di￿lpIeS.
3. To raise the profile. reach and reputatlon of the College locally and internationally.
4. To seek to be a prophetic response lo conlemporary issues fa¢ing the church and society-

BELFAST BIBLE COLLEGE LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 AUGUST 2022
In addition to nomal operations. other fo￿ were a pdority. They induded..
The appointment of a new Principal.
Increasing the College's profile through a series of 5trateglc courses as well as online inputs and Church
engagements.
Increasing the overall long.tafm financial stsstalnabllty of the Colleg6 through the commercialisation of
additional 5eNices.
Explorrng Ihe College's capacity for E-learning.
Expanding the College's postgraduation18arning platfrjrm, inclLKling addittonal courses.
This will continue into 2022-23.
Regulatory and key performance indl¢ators
This year the College recelved the endorsement from QAA as th8 College ￿ntInUeS to maintain academic
standards and 8nhance the qualty of student learning opportunities.
App
ved ty the Board on 5
and 8lgned on Its behalf by
orrn
{Chalr)
Director

BELFAST BIBLE COLLEGE LIMITED
DIRECTORS, REPORT
FOR THE YEAR ENDED 31 AUGUST 2022
The directors present their report and financial statement5 for Ihe year ended 31 August 2022. The directors
have adopted the provisions of the Statemenl of Recommended Practice {SORP) Accounting and reportlng by
Charittes (FRS102) in preparing the Annual Report and financial slatements of the company.
STATEMENT OF DIRECTORS, RESPONSIBILMES
The directors, who also act as Trustees, are responsible for preparing the Annual Report and financial
ststements in accordance with appIl￿ble law and regulallon.
Company law requires the dlrectors to prepare financial statements for each financial year. Under that law, the
directors have prepared the financial statements in accordance wtth Unrted Kingdom Accounting Standards
comprising FRS102 The Financial Reporting Standard applicable in the UK and Republic of Irèland. and
appfi&gble law (United Kingdom Generally A￿pted Accounting Practice). Under company law the directors musl
not approve the financial statements unless they are satisfied that they give a true and fair vtew of Ihe state of the
affair5 of the ¢ompany and of the incoming resources and application of ￿$our￿S. induding the income and
expendiluie account. of the company for that year. In preparing these finanrjal stalements Ihe directors are
required to- .
select suitable accounting policTres and then apply them consistently-
observe the methods and principles in the Statement of Recommended Practice {FRS102).' Accounting and
Reporting by Charities (2015)-
make judgements and estimates Ihat are reasonable and prudent-
prepare the financial slatements on the going concern basis unless it is inappropriate lo presume that the
company will continue in buslness- and
stale whether applicable UK Accounting Standards have been followed. subject to any material departures
disclosed and explained in the financtal statemenls.
The directors are responsible for maintaining proper accounting records that are sufficient to show and explain
the company's transactions and disclose with reasonable accuracy at any time, Ihe finan(yal position of the
company and enable them to ensure that the financial statements comply with the Companies Act 2006. They
are also responsible for safegUard￿g the assets of the company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularitie5.
STRUCTURE. GOVERNANCE AND MANAGEMEKr
Belfasl Bible Collego Limited is a company limitsd by guarantee not ha)Ang a share capital and is incorporated
under the Companies Act 2006. The company is governed by ils memorandum and articles of association.
The College is fomially recognised by HM Revenue and Customs as a charftable body urFder reference
XN47242. and 15 regislered with the Charity Commission for Northern Ireland NIC104482. The statutory reliefs
under s505 of the Income and Corporation Taxes Acl 1988 are admissible on income subject to compliance with
the terms of $505 of the A￿.
Board of Dlre¢tors
The Board of Directors is responsibEe for Ihe review of all activities, approval of budgets and implementation of
future strategy. The Board meets fvè times per annum. There are three Board sub-committ8es namely Education
Committee, Human Resources Committee and Finance, Risk and Audit Committee. each subcommittee meet on
a regular basis and report to the Board of Directors.
The Senior Managemenl Team is made up of six staff undèr the leadership of the Principal and Is responsible for
all operational and day to day matters. It recornmends key decisions to the Board for approval and will also
provide information and recommendations to the Board sub-comrnittees for consideration and approval in the
relevant operational areas. This Group meets monthly.

BELFAST BIBLE COLLEGE LIMITED
DIRECTORS. REPORT
FOR THE YEAR ENDED 31 AUGUST 2022
The directors who served durlng the year and up to the date of slgnature of Ihe financlal statements, unless
olherwise noted, were:
Dr N C Morrow (Chair)
Dr M E J Bennett (resigned 16 June 2022)
Prof N D Black
Ms S Graham
Mr P S Hendron
Mr N Jennings
MrMHPitt
Mis J Smyth
Mr D R Wheeler {re5igned 16 June 2022)
Mr P Fleming {appointed 16 June 2022)
Mrs Lisette Watson (appointed 8 December 2022)
Appotntment of Dlrectors
Those seNing as directors a￿ invited by the existing Board of Directors on the ground of their proven ability,
relevant experience. and personal interest in the work of the College. Prior to Joining the Board each prospective
member meets with Ihe Chairman. The meeting provides an ovefview of the College and the role and
responsibilities of each member of the Board. An induction process for new Board members has been developed
and is used to ensure they are familiar ￿th the objectives, actimties. public benefit and risk5 facing the College. A
Directors Pack for the College is given to each new member when they join and ongoing training Is provided as
roquired.
Each rnember of the Company is also appointed as a director, serves for a specific temi, ￿tIre5 by rotation. and
upon retirement is eligible for re-appointment. As the College reoeives only limited financial assistance from
public funds, relying upon fees charged to students and upon gifts received from sUPPOrters there are no
directors nominated by any public body or outside agency.
None of the directors has any beneficial interest in the company. All of the directors are members of the company
and guarant88 to contribute £10 each in the event of a winding up.
The College employs a principal and other full time and part time teaching staff, and the day to day operation of
the College as a place of Christian educats'on is delegated to the prindpal and his staff. H¢)wever, the Board of
Directors is umimately responsible foT the activities of the College, and are govemed by the doctrinal statem￿t
set out in paragraph 3 of the Article5 of Association as well as the origuial objects expressed in the Declaration of
Trust of 81h February 2003.
Tre College is an independ8nt body and has no constitutional connection wtlh any other college or education
e51ablishment.
The professional advisors to the College are set out on the first page of the Annual Report.
During the year we said goodbye to Helen Wamock, our Principal for the last 5 years and wish to record our
thanks to Helen for her contrtbulion to the College. In April we welcomed Rev James Bumett as our new
Prinupal. James has a very real sense of calling to the College and comes with considerable experience in
Iheology, mission and pastoral ministry and we also walue his leadershlp skllls.

BELFAST BIBLE COLLEGE LIMITED
DIRECTORS. REPORT
FOR THE YEAR ENDED 31 AUGUST 2022
OBJECTIVES AND ACTIVITIES
The purpose of the College is:
To equip 21st century followers of Jesus through theological educafjon that fosters the abilty to communicate the
Chrlstian faitt) intelligently and with conviction in word and actK]n.
The main actiwty of the College ¢onlinued to be in the area of delivering educational programmes in keeping with
that purpose, Through this year, we successfully continued lo piovide courses leading lo:
Intemal 3 month, 1 year Certificate & graduate Di￿rna courses.
3 month Certificale, 1 year Certificate, 2 year Diploma and 3 year BA in Theology {Universty of
Cumbria tUOC] validated courses).
Postgraduate 2 year Part Time MA In Theokjgy (University of Cumbria [UOC] validated ￿urSe).
EMPLOYEES
All departments within Co118ge have regular stsff meetings whereby infomation is disseminated lo and obtained
from staff by senlor management. There are ￿gUlar meetings to facititate the exchange of this infomiation and
also on the agenda for discussion at these meetings is the current stats.st1￿1. qualrty and budgetary Information
for the College.
RISK MANAGEMENT
Risk management Is consldered by the Board annually but opefalional oversight rests with the Board Finance.
Risk and Audit Committee who consider risk at each meeting. The College has developed a College Strategic
Rlsk Register supported by a subsidiary Register of more minor risks and Ihe risk management process will
continue to develop in the incoming year. The Board has considered the financial and operational risks
associated wilh running the College and considers that il has in Pla￿ the procedures to manage any such
ongoing risks. The followtng is a summary of the key activitie5 in pla￿ to mitigate exposure to rfsk..
ongoing review of the Strategrc Plan and anatysis of the mark8t for students who wish to obtain formal
blble based training and accreditation-
monitoring of financial infonnation on a monthly basis with adequate planning and finanrAal controls in
place."
an establishèd Education Commiitee together with robust reportin9 and indeperKlent quality review
procedures Ihrough our accrediting sponsors..
extensive range of policies and procedures to cover all aspects of the College activities;
organi581ional structure whith includes provision for deputies to cover key roles and an effective
succession planning process.,
robust govemance controls with suffieAent management and reporflng strUc￿re$ in place,. and
frequent assessment of risk lo ensure all possible consequences are constdered and controls
Implemented.

BELFAST BIBLE COLLEGE LIMITED
DIRECTORS. REPORT
FOR THE YEAR ENDED 31 AUGUST 2022
The key risk5 faclng the College are set out in the Corporat8 Rlsk Register but the focus of attention surrounded
the following risks..
Maintenance of a high standard of educallonal quality and excellencè to support academic
achievement and Christian seNice development among the studant populalion.
Sustainabllity of funding to support all College activity.
maintenan￿ of an appropriate physical environment for both staff and students
These risks are managed and miligated through various managemenl operated policies and procedures and
overseen by speclfic Board Committees in these key aFeas- Education Committee, Finance, Risk and Audit
Committee and Human Resources Committee. These slanding committees are suppFernented by ad hoc
committees as and when required to oversee other risks and opportunities as they arise. The Finance, Risk and
Audit Committee also look at emerging Tisks such as the General Data Protection Regulation to ensure the
College is aware of the impact and is planning to mitigate the risk if and when it arises.
PUBLIC BENEFIT
The Board belleves that the publlc benefjts from its activities in the areas oflhe advancement of religion and the
advancement of education through:
The training of frjll and part tirne rnini5ters of ￿lIgIOn, lay associates and pastoral ministy Workers
Spiritual formation of laily
Teaching and spreading the principles of the Chn-stian religion
Ralsing awareness and understanding of Christian beliefs and practices
The carrying out of missionary and outreach work
iv.
The areas in whlch the college seeks to achieve this 8re:_
Through college and higher educalion
Community education
Religious education
Vocatlonal training and life-long learning
The development of individual capabilities, competencies. skills and understanding
The key beneficiaries are the students who have Ihe opportunity to attend full or part time courses provided by
the college. In addition, the public at large may attend putlic lectures and part ttme college courses.
The directors confimi they have had regard to the statutory guidance in respe¢t of the Public Benefft
Requireffl8nt published by the Chanty Comfflission for Northem Ireland.
FUNDS HELD AS CUSTODIAN TRUSTEE ON BEHALF OF OTHERS
The charity does not hold any funds as custodian for any other tNstee brJdy.

BELFAST BIBLE COLLEGE LIMITED
DIRECTORS, REPORT
FOR THE YEAR ENDED 31 AUGUST 2022
DISCLOSURES OF INFORMATION TO AuD￿OR5
To the knowledge and belief of the directors. the directors confimi that there is no relevant infomation that the
company's auditors are not aware of. They further confirm that Ihey have taken all the steps necessary to ensure
the directors are aware of any such relevant informallon. and to establish that the companrfs auditors are aware
of suth information.
AUDITORS
Harbinson Muholland have indicaled their willingness to continue in office and a resolution conceming their re
app￿ntMent will be proposed at the Annual Gèneral Meeting and to authorlse the directors to fix the
remuneration oflhe auditors for the year ended 31 August 2023.
Approved by the Board on S
and slgned on its behalf by
Dr N C Morrow (Chair)
Direct¢x
10-