BELFAST SCHOOL OF THEOLOGY LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -33.6%

  £586,778 → £389,621

• Cash

  -44.5%

  £448,467 → £248,873

• Net assets

  -18.7%

  £1,192,797 → £969,546

• Employees

  -17.6%

  17 → 14

  lowest in 3 filed years

• Operating profit

  -30.2%

  -£244,555 → -£318,411

• Profit before tax

  -128.5%

  -£97,709 → -£223,251

• Wages

  -20.2%

  £399,578 → £318,954

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. BELFAST SCHOOL OF THEOLOGY LIMITED 2024-04-24 → present
2. BELFAST BIBLE COLLEGE LIMITED 2004-01-02 → 2024-04-24

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Harbinson Mulholland

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Charity reported a deficit of £223,251 and a cash outflow of £199,594 including a net operations cash deficit of £200,848 for the year. Since the year end the Directors have made the decision to put the current site up for sale and a licence to occupy a wing of Stranmillis University College has been agreed. The Directors consider this to be a more sustainable business model for the Charity moving forward. In addition to this, the Directors have secured £100,000 of additional short term funding and are in the process of agreeing further funding. The Directors have prepared projections and, having considered the circumstances outlined above, are of the view that they have secured sufficient funding to ensure that the Company can continue to trade for the next 12 months. For this reason they continue to adopt the going concern basis in preparing the financial statements.”

Significant events

• “Moving sites, from an out-of-town campus to Stranmillis University Campus within Belfast City's university students' heartland. The move is highly strategic, from a recruitment and academic perspectives.”
• “Increasing the School's profile through a series of strategic courses as well as online inputs and Church engagements. In June 2026, BST shall host an international conference on academic theology.”
• “Increasing the overall long-term financial sustainability of the School through developing a new business and operational model as the School relocates to its new site. Revenue from the sale of the old site will ensure the long-term sustainability of the School.”
• “Commencing the construction of E-learning facilities through a bespoke E-learning centre.”
• “Expanding the School's postgraduation learning platform, including additional courses and an online E-learning Master's degree programme in Practical Theology.”
• “Global student scholarships launch online MA.”
• “Working towards student affiliation with CU (Ireland).”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.