2022-08-31-accounts - Birmingham International Student Homes

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		Page
Report ofthe Trustees		1to 7
Report ofthe Independent Auditors		8to 10
Statement of FinancialActivities
Balance Sheet		12
Cash Flow Statement
Notes to the Cash Flow Statement		14
Notes to the Financial Statements		15to 26
Detailed Statement of Financial	Activities	27to 28

					2022	2021
			Unrestricted	Restricted	Totalfunds	Total funds
			funds	funds
		Note	f	f
INCOME AND ENDOWMENTS	FROM
Donations and legacies			1,100		1,100
Charitable activities
Accommodation charges		4	577,231		577,231	322,634
Investment income		3	1,310		1,310	384
Other income		5	6,821		6,821	61,496
Total			586,462		586,462	384,514
EXPENDITURE ON
Charitable activities
Accommodation expenditure		6	478,172		478,172	449,641
NET INCOME / (EXPENDITURE)			108,290		108,290	(65,127)
RECONCILIATION OF FUNDS
Total funds brought forward			427,472		427,472	492,599
TOTAL FUNDS CARRIED FORWARD			535,762		537,762	427,472

				2022		2021
		Unrestricted	Restricted	Totalfunds	Total funds
		funds	funds
	Note	E	E
FIXEDASSETS
Tangible assets	13	91,036		91,036	.	113,583
CURRENT ASSETS
Debtors	14	40,219		40,219		18,754
Cash at bank and in hand		432,914		432,914		320,125
		473,133		473,133		338,879
CREDITORS
Amounts falling due within one year	15	(28,407)		(28,407)		(24,990)
NET CURRENT ASSETS		444,726		444,726		313,889
TOTAL ASSETS LESSCURRENT LIABILITIES		535,762		535,762		427,572
NET ASSETS		535,762		535,762		427,472
FUNDS	16
Unrestricted funds				535,762		427,472
Restricted funds
TOTAL FUNDS				535,762		427,472

					2022	2021
				Notes	E	E
Cash flows from operating	activities:
Cash generated from / (used by) operations					115,440	(24,452)
Net cash provided by / (used in) by operating
activities					115,440	(24,452)
Cash flows from investing	activities:
Purchase oftangible fixed	assets				(3,961)
Interest received					1,310	384
Net cash (used in) /provided by investing			activities		(2,651)	384
Change in cash and cash equivalents		in the
reporting period					112,789	(24,068)
Cash and cash equivalents	at the beginning		ofthe
reporting period					320,125	344,193
Cash and cash equivalents	at the end	ofthe
reporting period					432,914	320,125

					2022	2021
					E	E
Net income/(expenditure)		for the reporting		period (as per the statement
offinancial activities)					108,290	(65,127)
Adjustments for:
Depreciation charges					26,508	26,248
Interest received					(1,310)	(384)
(Increase) / Decrease	in debtors				(21,465)	17,019
Increase/(Decrease)	in creditors				3,417	(2,208)
Net cash provided by	/ (used in) operating		activities		115,440	(24,452)

	At 1.9.21	Cash flow	At31.8.22
	E	E	E
Net cash
Cash at bank and in hand	~320 125	~112789	432914
Total	320,125	112,789	432,914

	2022	2021
	E	E
Donations	1,100
INVESTMENT INCOME
	2022	2021
	E	E
Deposit account interest	1,310	384

									2022	2021
									Charitable	Charitable
									activities	activities
									f	f
Accommodation			charges						560,979	312,135
Service charges									16,252	10,499
									577,231	322,634
OTHER INCOME
									2022	2021
									Charitable	Charitable
									activities	activities
									f	f
Job Retention		Grant							1,760	57,496
Employment	Allowance								5,000	4,000
National Insurance				on	maternity		pay recovered		61
									6,821	61,496
CHARITABLE	ACTIVITIES					COSTS
								Direct costs	Support costs	Totals
								(See note 7) f	(Seenote 8) f	f
Accommodation			expenditure					354,356	123,816	478,172
DIRECT COSTS		OF CHARITABLE ACTIVITIES
									2022	2021
									f	f
Staff wages									119,165	127,209
Social security									6,558	7,626
Pensions									9,365	9,912
Rates and water									32322	29,182
Insurance									21,273	20,919
Light and heat									63,374	50,763
Newspapers	and		sundries						2,260	1,105
Laundry									10,255	5,496
Cleaning									6,430	4,364
Equipment replacements						and repairs			13,776	3,025
Property maintenance					and repairs				17,755	31,696
Health and safety									6,632	792
Wi-Fi network	charges								18,683	15,480
Depreciation									26,508	26,248
									354,356	333,817

						Governance
					Support costs f	costs f	Totals f
Accommodation expenditure					104,458	19,358	123,816
Support costs, induded	in the		above,	are as follows:
Supper't costs
						2022	2021
						f	f
Salary costs						69,808	78,002
Social security						6,915	7,214
Pensions and life assurance						7,860	7,882
Computer, postage, telephone,			courses, stationery		and advertising	19,875	16,276
						104,458	109,374
Governance costs
						2022	2021
						f	f
Auditors' remuneration						4,250	4,250
Auditors' remuneration	for	non-audit		work		1,268	2,200
Legal and professional	fees					13,840
						19,358	6,450
NET INCOME/(EXPENDITURE)
Net income / (expenditure)		is stated		after charging /	(crediting):
						2022	2021
						f	f
Audit fee						4,250	4,250
Accountancy charges						1,268	2,200
Depreciation -owned assets						26,508	26,248

							2022	2021
							E	E
Wages and salaries							188,973	178,245
Redundancy payments								26,965
Social security costs							13,473	14,841
Other pension costs and life		assurance					17,225	17,794
							219,671	237,845
The average monthly	number	ofemployees		during the year was as	follows:
							2022	2021
Wardens and staff							15	13
No employees received emoluments			in excess of660,000.
COMPARATIVES FOR	THE STATEMENT OF			FINANCIAL ACTIVITIES
				Unrestricted			Restricted	Total funds
					funds		funds
					E		E	E
INCOME AND ENDOWMENTS		FROM
Donations and legacies
Charitable activities
Accommodation charges					322,634			322,634
Investment income						384		384
Other Income					61,496			61,496
Total					384,514			384,514
EXPENDITURE ON
Charitable activities
Accommodation expenditure					449,641 .			449,641
NET INCOME/(EXPENDITURE)					(65,127)			(65,127)
RECONCILIATION OF FUNDS
Total funds brought forward					492,599			492,599
TOTAL FUNDS CARRIED FORWARD					427,472			427,472

TANGIBLE FIXEDASSETS
	Improvements	Fixtures and
	to property	fittings	Totals
	f	E	E
COST
At 1September 2021	454,764	50,880	505,644
Additions	2,307	1,654	3,961
At 31August 2022	457,071	52,534	509,605
DEPRECIATION
At 1September 2021	341,236	50,825	392,061
Charge for year	26,343	165	26,508
At 31August 2022	367,579	50,990	418,569
NET BOOK VALUE
At 31August 2022	89,492	1,544	91,036
At 31August 2021	113,528	55	113,583

The Birmingham	Methodist	Methodist	Methodist	District Trustees for We'sley	District Trustees for We'sley	District Trustees for We'sley	District Trustees for We'sley	International	House	and the	Methodist	Methodist	Council for
Asbury Overseas	House		have	ratified	management	agreements		authorising	Birmingham		International		Student
Homes to be responsible			for	all aspects of the upkeep			and maintenance		of both properties			managed	by the
Charity except final ownership.
DEBTORS:AMOUNTS		FALLING DUE WITHIN ONE YEAR
											2022		2021
											E		f
Trade debtors											7,957		3,578
Prepayments										32,262			8,877
Other debtors													6,299
										40,219			18,754
CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
											2022		2021
											F.		E
Trade creditors											3,200		2,628
Social security and	other		taxes										573
Deferred income											9,874		9,069
Accrued expenses										15,333			12,720
										28,407			24,990

15.	CREDITORS: AMOUNTS	F	ALLING	DUE WITHIN ONE YEAR - conti	DUE WITHIN ONE YEAR - conti	DUE WITHIN ONE YEAR - conti	DUE WITHIN ONE YEAR - conti	nued
	Deferred income included		above	consists ofthe following:
									2022		2021
									E		E
	Deferred accommodation		charges		as	at 31August 2021			9,069		7,494
	Accommodation charges		deferred		during		the year		94,034		62,668
	Accommodation charges		released		during		the year		(93,229)	'	(61,093)
	Deferred accommodation		charges		as	at 31August 2022			9,874		9,069
16.	MOVEMENT IN FUNDS
									Net
									movement in
								At 1.9.21	funds		At 31.8.22
								f	E		E
	Unrestricted funds
	General Fund —Asbuiy Overseas			House				183,773	92,647		276,420
	General Fund —Wesley International				House			113,699	15,643		129,342
	Designated Fund-
	Asbury Overseas House	Maintenance				Reserve Fund		60,000			60,000
	Designated Fund—
	Wesley International House Maintenance						Reserve Fund	70,000			70,000
	TOTAL FUNDS							427,472	108,290		535,762
	Net movement in funds,	included		in	the above are as follows:
								Incoming	Resources	Movement in
								resources	expended		funds
								E	E		E
	Unrestricted funds
	General Fund —Asbury Overseas			House				352,377	(259,730)		92,647
	General Fund —Wesley International				House			234,085	(218,442)		15,643
	TOTALFUNDS							586,462	(478,172)		108,290

Compar	atives	for mo	v	ement	in	fund	s
											Net
											movement in
										At 1.9.20	funds	At 31.8.21
										E	E	f
.Unrestricted		Funds
General	Fund	- Asbury		Overseas		House				221,938	(38,165)	183,773
General	Fund	- Wesley		International			House			140,661	(26,962)	113,699
Designated Fund-
Asbury	Overseas House Maintenance						Reserve		Fund	60,000		60,000
Designated Fund-
Wesley	International		House		Maintenance			Reserve Fund		70,000		70,000
TOTAL	FUNDS									492,599	(65,127)	427,472
Comparative		net movement			in funds,		included		in the above are as follows:
										Incoming	Resources	Movement in
										resources	expended	funds
										E	E	E
Unrestricted		funds
General	Fund	—Asbury		Overseas		House				228,056	(266,221)	(38,165)
General	Fund	—Wesley		International			House			156,458	(183,420)	(26,962)
TOTALFUNDS										384,514	(449,641)	(65,127)

										Net
									movement	in
								At 1.9.20	funds		At31.8.22
								E	E		6
Unrestricted funds
General	Fund -Asbury			Overseas	House			221,938	54,482		276,420
General	Fund —Wesley			International		House		140,661	(11,319)		129,342
Designated Fund-
Asbury	Overseas	House Maintenance				Reserve Fund		60,000			60,000
Designated Fund-
Wesley	International		House Maintenance				Reserve Fund	70,000			70,000
TOTAL	FUNDS							492,599	43,163		535,762

						Incoming	Resources	Movement in
						resources	expended	funds
						E	E	E
Unrestricted		funds
General	Fund	—Asbury	Overseas	House		580,433	(525,951)	54,482
General	Fund	—Wesley	International		House	390,543	(401,862)	(11,319)
TOTAL	FUNDS					970,976	(927,813)	43,163

	2022	2021
	6
Within one year	3,796	22,775
Between two and five years		3,796
In more than five years
	3,796	26,571

					2022	2021
					f	f
INCOME AND ENDOWMENTS
Donations and legacies
Donations					1,100
Investment income
Deposit account interest					1,310	384
Charitable activities
Accommodation charges					560,979	312,135
Service charges					16,752	10,499
					577,231	322,634
Other Income
Job Retention Grant					1,760	57,496
Employment Allowance					5,000	4,000
National insurance	on	maternity		pay recovered	61
					6,821	61,496
Total incoming resources
EXPENDITURE
Charitable activities
Staff wages					119,165	127,209
Social security					6,558	7,626
Pensions					9,365	9,912
Rates and water					32,322	29,182
Insurance					21,273	20,919
Light and heat					63,374	50,763
Newspapers and sundries					2,260	1,106
Laundry					10,255	5,496
Cleaning					6,430	4,364
Equipment replacements			and repairs		13,776	3,025
Property maintenance		and repairs			17,755	31,696
Health and safety					6,632	792
Wi-Fi network charges					18,683	15,480
Depreciation oftangible			fixed assets		26,508	26,247
					~354356	~333817

						2022	2021
						E	E
Support costs
Salary costs						69;808	78,002
Social security						6,915	7,214
Pensions	and life assurance					7,860	7,882
Computer,	postage, telephone,		courses, stationery		and advertising	19,875	16,276
						104458	109374
Governance	costs
Auditors'	remuneration					4,250	4,250
Auditors'	remuneration	for non-audit		work		1,268	2,200
Legal and	professional	fees				13,840
						19,358	6,450
Total resources expended
Net Income	/ (Expenditure)					108,290	(65,127)