REGISTERED COMPANY NUMBER: 04428382 (England and Wales)
REGISTERED CHARITY NUMBER: 1095730
REPORT OF THE TRUSTEES AND
AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 AUGUST 2024
FOR
BIRMINGHAM INTERNATIONAL STUDENT HOMES
IA COMPANY LIMITED BY GUARANTEE)

BIRMINGHAM INTERNATIONAL sfuDENT HOMES
CONTEMfs OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGusf 2024
Page
Report of the Trustees
Ito7
Report of the Independent Audltors
8tolO
Statement of Flnanclal Activities
li
Balance Sheet
12
Cash Flow Statement
13
Notes to the Cash Flow Statement
14
Note5 to the Financial Statement5
15to26
Detailed Statement of Financlal Activities
27to28

BIRMINGHAM INTERNATIONAL sfuDENT HOMES
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
The Trustees, who are also Dirertors of the Charity for the purposes of the Companies Act 2006, present their report
with the financial statements of the Charity for the year ended 31 August 2024. The Trustees have adopted the
provisions of 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 IFRS 1021 (effective from l January 2019).
OBJEcllvES AND ACTIVITIES
Objectlves and aims
Pur
oses and aims
Birmingham Internatlonal Student Homes, objective5 and alms can be summarised as follows.
To promote and provide for the advancement of education and tralnln8 of students from the United
Kln8dom and overseas.
To promote or asslst in the provlslon of facilitie5 for recreation and other lelsure time occupation.
To promote the advancement of the Christlan rellglon in the Unlted Kln8dom and overseas in connectlon
therewith to provide residential accommodation.
In order to fulfil its objectives and aims Birmingham International Student Homes provides and manages
accommodation at two properties located within the City of Birmingham Wesley International House and Asbury
Overseas House.
Ensurin
our work delivers o
r aims
We review our aim5, objectives and activities each year. This review looks at what we achieved and the outcomes of
our work in the previous 12 months. The review looks at the success of each key activity and the benefits they have
brought to those groups of people we are set up to help. The review also helps us to ensure that our aim, objectives
and activities remain focused on our stated purposes.
We have referred to the guldance contalned in the Charity Commission's general guidance on public benefit when
revlewing our aims and objectlves and in planning our future activities. In partlcular, the Trustees consider how planned
activities will contribute to the aims and objectives they have set.
The focus
f our work
The focus of the Charity's work contlnues primarily to be the provision and management of accommodation In order to
provide and advance the education and trainlng of students from the United Kingdom and overseas.
The Trustees have paid due re8ard to 8uidance issued by the Charity Commission In decidin8 what activlties the Charity
should undertake.
PAgp. I

BIRMINGHAM INTERNATIONAL STUDENT HOMES
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
ACHIEVEMENT AND PERFORMANCE
Charltable activities
How our activities deliver
ublic benefit
In setting our objectives and planning our activities the Trustees have given careful consideration to the Charity
Commission's general 8uidance on public benefit, Including the guidance on publlc benefit and fee char8in8.
Our main activities and who we try to help are described below. The CharitV'5 activities continue to focus on our ability
to provide and advance the education and training of students from the United Kingdom and overseas through the use
of the facilities available to the Charity.
A Home Awa from Home
The difficulties caused by the Coronavirus pandemic are now in the past and we have been able to resume normal
activities. Occupancy levels have recovered to record levels and the Charity has met all of its aims this year. The Board
is satisfied that the objective5 and aims of the Charity in providing accommodation with appropriate pastoral support
for overseas students in Birmingham have been fully met.
The Board has contlnued to meet on a quarterly basis to monitor development5 in order to respond promptly to any
changing situation.
The UK continues to be an attractlve country for overseas students to attain hi8h quallty tertiary education quallfications
and record number5 have taken the opportunity to study here. This ha5 increased the demand for student
accommodation which has benefitted the Charity. Although the demographics of the student population has chan8ed
somewhat; the fewer Chinese students have been offset by the arrival of new students from India and other Far Eastern
countries.
Throughout the year, around 180 people were in residence at any one time, all coming from overseas to gain particular
knowledge and skills that are much needed in their home countries. The spread of cultures and faiths was remarkable
with over 204 people in residence from 39 countries. The total number of people staying with us ha5 increased
slgnificantly this year, wlth longer courses and tenancies leadln8 to higher occupancy levels.
For this wide variety of resldents, our emphasis remains firmly on our charitable purpose of providing a supportlve
"Home Awayfrom Home" for people who are away from their own country and culture for the first time, often with
Ilmited English Skills, and we look forward with confidence to continue to serve them in the future.
Personal recommendation of our accommodation by previous residents remains the most significant way in which
current residents come to us. Once settled and living in our houses, it is pleasing to see how quickly residents absorb
our ways of life. We jointly celebrate Such diverse cultures and languages living in harmony together as they or8anise
themselves socially for a more satisfying life.
Staff numbers have remained Stable over the year and we continue to benefit from low staff turnover which helps US
to deliver our charitable objectives. The Board continues to invest in the training of staff with an emphasis on health
and safety. We now have a strong team in place to allow us to continue to deliver our ethos of "A Home Awayfrom
Home".
Our success is in no short measure due to our dedicated staff, many with long experience, who are the key ingredient
in creating and maintaining such 3 "Home Away from Home" environment to Support our guests. The staff have
continued to Support our operations with their positive attitude. hard work and resilience in the face of the many
difficulties that they have had to face. The Directorsnrustees wish to record their appreciation to all the staff and
supporters of the Birmingham International Student Homes for their continuing hard work and dedication to our
purpose and we look forward with confidence to the future.
Paop ?

BIRMINGHAM INTERNATIONAL STUDENT HOMES
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
FINANCIAL REVIEW
Flnanclal position
The Statement of Financial Activities shows total income for the year ended 31 August 2024 of £797,54012023
£721,488} and total expenditure of £733.15512023 £587,153), thereby increasing by £64,38512023 - increasing bv
£134,335) the Charity's total funds as at 31 August 2024 to £734,48212023- £670,097}.
There was a sharp increase in our operating costs during the year which increased by 24.9Y.. Most of this increase was
due to 3 large increase in gas prices which adversely impacted our heating costs. The Charity had benefitted from a
three-year fixed price gas contract which had protected us from the gas price increases in 2022 that were triggered by
the war In Ukraine. That contract came to an end in 2023 and our heating costs year-on-year Increased by 209%.
Although the Charlty has entered Into a new fixed prlce contract, the unit 8as price is much hi8her than the previous
contrart. In response to these increased costs, accommodatlon charges were increased and our operatin8 income rose
by 10.2% In the year.
During the year ended 31 August 2024 there was an overall surplus of Income over expenditure before property costs
of £235,01812023 - surplus £240.1241. Expenditure on property costs during the year ended 31 August 2024 totalled
£170,63312023 - £105,789) of which £127,11512023 £41,039) of property improvements were capitalised a5 fixed
assets with the balance of £43,51812023- £64,750) expensed a5 property repairs and maintenance.
Durin8 the year it was necessary to carry out a signiflcant amount of work to renew sections of the Asbury Overseas
House roof and this work is ongoing. There were also improvements to showers and bathrooms at both Asbury
Over5ea5 House and Wesley Internatlonal House.
There has been a net cash oufflow during the year ended 31 Au8USt 2024 of £95,47912023 - net cash inflow totalling
£184,945) and at the year end the Charity had £522,38012023 - £617,859) of cash balances available to meet its day-
to-day operational requirements.
The total funds retained in the balance sheet as at 31 August 2024 amounted to £734,48212023- £670,097).
Reserves pollcy
The reserves policy of the Charity is to maintain unrestricted funds, not committed or invested in tangible fixed assets
which are the free reserves of the Charity, at a level which equates to approximately three months unrestricted
expenditure.
Thls level of unrestrlcted funds should provlde sufficient funds to cover management and admlnistration costs In
addition to protectin8 the Charity a8ainst fluctuations in incoming resources caused by unforeseen vacancies in the
residentlal houses managed by the Charity, thereby enabling the Charity to continue to develop all aspect5 of its
activities,
Golng concern
No matters have come to the attention of theTrustees which might suggest thatthe Charity will not be able to maintaln
its current activities for the foreseeable future. The Trustees have therefore considered that it is appropriate for the
financial statements to be prepared on the going concern basis.

BIRMINGHAM INTERNATIONAL STUDENT HOMES
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
FINANCIAL REVIEW- continued
Future plans
Our challenges in the future are significant but remain little changed. Our prime purpose 15 to support people from
overseas who are here to develop themselves and gain vital knowledge to take back to their own countries. These
people, of all cultures and faith5, come together in friendship to live and work together whilst they are here in
Birmingham. Their support of each other is vital to our purpose.
We wlll contlnue to invest in our accommodation in keeplng with the demand for rising standards and to reduce our
environmental footprint. Our attitude to reserves reflects that we are conscious that our infrastructure is aging and may
need significant work in the future.
The beneflclal ownership of Asbury Overseas House currently rests with the Global Resou rces Division of the Methodist
Church. Discussions have taken place to transfer, for administrative purposes. the beneflcial ownership of Asbury
Overseas House to the Blrmlngham District of the Methodist Church which already holds the beneficial interest of
Wesley Overseas House. Any such reorganisation is not expected to affect the operatlons of elther property but wlll
simplify the reporting structure within the Methodist Connexion. The legal owner5hlp of both propertles wlll continue
to be held by the Trustees far Methodist Church Purposes.
The Trustees wlll contlnue to seek to broaden our client base of student5 and trainees within our prlme purpose of
caring for the 5tran8er in our mldst.
We will contlnue to Invest in staff development to strengthen the work that we undertake to support our guests and
equip ourselves for a new future. In short, we wlll do all we can to continue to offer a "Home Awayfrom Home" for all
nations, all cultures and all creeds who seek to come to the Midlands to improve themselves and the lot of others back
in their home countries.
srRucfuRE, GOVERNANCE AND MANAGEMENT
Governlng document
Birmingham International Student Homes is a company limited by guarantee (registered number 04428382) which was
incorporated on 30 Aprll 2002 and achieved charitable status on 31 January 2003 (registered number 10957301.
The Company was established under a Memorandum of Association whlch establlshed the objects and powers of the
Charitable Company and is governed under its Articles of Association.
All Dlrectors of the Cornpany are also Trustees of the Company and there are no other Trustees.
One-thlrd of the Trustees shall retlre and seek re-election at every Annual General Meeting,
No Member has any beneficial interest In the Charitable Company and Members are required to contribute an amount
not exceeding £10 in the event of the Company being wound up or within one year after they have ceased to be a
Member.
Recrultment and appointment of new Trustee5
As set out in the Charity's Articles of Association, at every subsequent Annual General Meeting following the Charity'5
first Annual General Meeting one-third of the Trustees are subjert to retirement by rotation.
If the Charity does not fill the vacancy at the meeting at which the Trustee retires by rotation, the retiring Trustee shall,
if willing to act, be deemed to have been re-appointed.
All Trustees give their time voluntarily and receive no benefits from the Charity. Any expenses reclaimed from the
Charity are set out in the notes to the financial Statements.
Pagp 4

BIRMINGHAM INTERNATIONALSTUDENT HOMES
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
STrUCTURE, GOVERNANCE AND MANAGEMENT- contlnued
Organisational structure
The Charity is organised so that its Board of Trustees meet regularly to manage its affairs and formulate policy.
The Chairman, HonoraryTreasurer and Managers are responsibleforthe day-to-day running and financial management
of the Charity.
During the year endÈd 31 August 2024 the Charlty has continued to adhere to the Charity Governance Code for Smaller
Charities using the Code's seven key prlnciples as a tool to support the continuous improvement of good governance.
Board Changes
On 11 July 2023, the Rev. lan Howarth was appointed a Director and Trustee of the Charlty having recently stepped
down from the position of Chairman for the Blrmingham District of the Methodist Church. His knowledge and contacts
within the Methodist Connexion, and the Birmingham Distrlct specifically, will be rnost welcomed.
Inductlon and tralnlng of new Trustees
New Trustees undergo an orientation day to brlef them on legal obli8ation5 under charlty law, the Charlty's decision-
making processes and the recent financial performance of the Charity. Duringthe induction day new Trustees meet key
employees and other Trustees. Trustee5 are encouraged to attend appropriate external training events where these
will facilitate the understanding of their role.
Key mana8ement informatlon
In the Trustees, opinion, the key management personnel of the Charity responsible for the direction, control, running
and operation of the Charity on a day-to-day basis conslsts of the Board of Trustees and the Managers.
Ke
mana
ement
ersonnel - Trustees
All Trustees give of their time freely and no Trustee received remuneration during the year.
Details of Trustees, expenses and related party transactions are disclosed in notes 10 and 18 to the financial statements.
Ke
mana
ement
ersonnel - Mana
ers
The pay of the Charity's senior staff is reviewed annually and normally increased based upon the posltlon of the Charity's
finances and the cost of living in general.
Rlsk management
The Trustees have a duty to identify and review the risks to which the Charlty is exposed and to ensure approprlate
controls are in place to provide reasonable a55urance against fraud and error,
The Trustees have examined the major strategic, business and operational risks that the Charity faces and confirm that
systems have been established to enable regular reports to be submitted to the Board $0 that necessary steps can be
taken to manage and lessen these risks.
PAgp.

BIRMINGHAM INTERNATIONAL STUDENT HOMES
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Reglstered Company number
04428382 (England and Wale51
Registered Charlty number
1095730
Re8iStered offlce
52 Oakfield Road
Selly Oak
Birmingham
829 7EQ
Trustees
Andrew J Steel
Peterj S Johansen MBE FCA
Rev. Stuart J 8urgess CBE
Rev, lan Howarth
Carolyn M Humpherson
Chalr
Honorary Treasurer
lappointed 11 July 2023)
General Mana8er
Gemma Harri5
Cornpany Secretary
Carolyn M Humpherson
Senlor Statutory Audltor
Peter Smlth ACA
Audltors
J W Hinks LLP
Chartered Accountants
and Statutory Auditors
19 Highfield Road
Edgbaston
Birmlngham
West Midlands
BIS 3BH
Bankers
Uoyds Bank plc
University of Birmingham Branch
PO Box IOIXJ
BXI ILT
Central Finance Board of the Methodist Church
Methodist Church House
25 Tavistock Place
London
WCIH 9SF
Pagp. 6

BIRMINGHAM INTERNATIONAL STUDENT HOMES
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The Trustees (who are also the Directors of Birmingham International Student Homes forthe purposes of company law)
are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice}.
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 satlsfied 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 the
income and expenditure, of the Charitable Company for that period. In preparing those financial statements, the
Trustees are required to
select 5Ultable accountlng pollcles and then apply them conslstentlv:
observe the methods and principle5 in the Charity SORP 2019 {FRS 1021;
make judgements and estimates that are reasonable and prudent; and
prepare the financial statements on the going concern basls unless it is Inappropriate to presume that the
Charitable Company wlll continue in buslness.
The Trustees are responsible for keeping proper accounting records that dlsclose with reasonable accuracy at any time
the flnancial position of the Charitable Company and enable them to ensure that the financial statements comply with
the Companies Act 2006. They are also re5ponslble for safeguarding the assets of the Charitable Company and hence
for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In 50 far as the Trustees are aware:
there is no relevant audit Information of which the Charitable Company'5 auditors are unaware,. and
the Trustees have taken all steps that they ought to have taken to make themselve5 aware of any relevant audit
information and to establish that the auditors are aware of that information.
AUDITORS
The auditors, J W Hlnks LLP, will be proposed for re-appointment at the forthcoming Annual General Meetln8.
This report has been prepared in accordance with the special provlsions of Part 15 of the Companles Act relating to
small companies.
Report of the Trustees, incorporating a strate8ic report. approved by order of the Board of Trustees, as the Company
directors, on 14 January 2025 and signed on the Board'5 behalf by..
Andre
Ste
rustee
Pagp 7

REPORT OFTHE INDEPENDENT AUDITORS TOTHE MEMBERS OF
BIRMINGHAM INTERNATIONAL STUDENT HOMES
(REGISTERED NUMBER: 04428382)
Opinion
We have audited the financial statements of Birmingham Internatlonal Student Homes Ithe 'Charitable Company'l for
the year ended 31 August 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow
Statement and notes to the financial statement5, including a summary of significant accounting policies. The financial
reporting framework that ha5 been applied in their preparation is applicable law and United Kingdom Accounting
Standards, including Financial Reportin8 Standard 102 'The Financial Reporting Stondord applicable in the UK and
Republic of Ireland, Iunited Kingdom Generally Accepted Accounting Practice).
In our opinion the financlal statements:
give a true and fair view of the state of the Charitable Company's affairs as at 31 August 2024 and of its incoming
resources and application of resources, including its income and expenditure. for the year then ended,.
have been properly prepared in accordance with United Klngdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for oplnlon
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our
responsibilities under those standards are further described in the Audltors responsibilities for the audit of the financlal
statements sectlon of our report. We are independent of the Charitable Company in accordance with the ethical
requlrements that are relevant to our audit of the financlal statements in the UK, Includlng the FRC'S Ethical Standard,
and we have fulfilled our other ethical responsibilities in accordance with these requirements. We belleve that the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our opinlon.
Concluslons relatlng to golng concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting
in the preparation of the financial statements is appropriate.
Based on the work we have performed. we have not Identified any material uncertalntles relating to events or
conditlons that, individually or collectively, may cast significant doubt on the charitable company's ability to continue
as a going concern for a perlod of at least twelve months from when the financial Statements are authorlsed for issue.
Our responslbilities and the responsibilitie5 of the trustees wlth respect to going concern are described In the relevant
sections of thi5 report.
Other Informatlon
The other information comprlse5 the information included in the Report of the Trustees, other than the financial
statements and our auditor'5 report thereon. The Trustee5 are responsible for the other information contained within
the Report of the Trustees. Our opinion on the financial statements doe5 not cover the other information and, except
to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is materiallv
inconsistent with the financial statements or our knowledge obtained in the cou rse of the audit or otherwise appears
to be materially misstated. If we identify such material inconsistencies or apparent material rriisstatements, we are
required to determine whether this gives rise to a material misstatement in the financial statements themselves. If,
based on the work we have performed, we conclude that there is a material misstatement of this other information,
we are required to report that fact. We have nothing to report in this regard.
PAgp

REPORT OF THE INDEPENDENT AUDITORS TOTHE MEMBERS OF
BIRMINGHAM INTERNATIONAL STUDENT HOMES
{REG15TERED NUMBER: 04428382)
Oplnlons on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the Report of the Trustees for the flnancial year for whlch the financial statements are
prepared is consistent with the financial statements; and
the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Matters on which we are requlred to report by exception
In the light of the knowledge and understanding of the Charitable Company and Its environment obtained in the course
of the audit, we have not identified material mi5Statements in the Report of the Trustees.
We have nothing to report In respect of the following matters where the Companles Act 2006 requlres us to report to
you if, in our opinlon:
adequate accountin8 records have not been kept or returns adequateforour audit have not been recelved from
branches not visited by us; or
the financial statements are not In a8reement wlth the accountin8 records and returns; or
certaln disclosures of Trustees, remuneratlon specified by law are not made; or
we have not received all the information and explanation5 we require for our audlt.
Responsibllltles of Trustees
As explained more fully in the Statement of Trustees Responsibilities, the Trustees Iwho are a150 the Directors of the
Charitable Company for the purposes of company lawl 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 contro5 as the Trustees determine is
nece553ry to enable the preparation of financial statement5 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 goln8 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.
Audltorf responsibilltles for the audit of the financlal statements
Our objectives are to obtain reasonable assurance about whether the financial statements as 3 whole are free from
material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes
our opinlon. Reasonable assurance is a high level of assurance but is not a guarantee that an audlt conducted in
accordance wlth ISAS IUKI will always detect a materlal misstatement when It exists. Misstatements can arlse 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.
Irregularities, Including fraud, are Instances of non-compliance with laws and regulations. We design procedures in line
with our responsibilities, Outlined above, to detect material rnisstatements In re5pett of irregularities, including fraud.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Enquiring with management and others to 8ain an understanding of the organisation itself including
operations, financial reporting and known fraud or error;
Evaluating and understanding the internal control 5V5tem,'
Performing analytical procedure5 as expected or unexpected variances in account balances or classes of
transactions appear:
Testing documentation supporting account balances or classes of transactions- and
Confirming account5 receivable and other accounts with a third party.

REPORT OFTHE INDEPENDENT AUDITORSTO THE MEMBERS OF
BIRMINGHAM INTERNATIONAL STUDENT HOMES
(REGISTERED NUMBER: 04428382)
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those
leading to a material misstatement in the financial statements or non-compllance with regulation. This rlsk increases
the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial
statements, as we will be less likely to become aware of Instances of non-compliance. The risk Is also greater regardlng
irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion,
omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting
Council's website at www.frc.or8.uk/auditOfsresponsibilities. This descrlption forms part of our Report of the
Independent Auditors.
We communicate with those charged with governance regardln& among other matters, the planned scope and timlng
of the audit and signlficant audit findin8Si including any significant deficlencles In internal control that we Identlfy during
our audit.
Use of our report
This report is made solely to the Charitable Company's members. as a body, in accordance with Chapter 3 of Part 16 of
the Companies Act 2006. Our audit work ha5 been undertaken so that we might state to the Charltable Company's
members those matters we are required to state to them in an auditors, 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 Charitable Company and
the Charitabl Company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Peter Smith ACA
{Senior Statutory Auditor)
for and on behalf of J W Hinks LLP
Chartered Accountants
and Statutory Auditors
19 Highfield Road
Edgbaston
Blrmin8ham
West Midlands
815 38H
Date: 14 January 2025
Pagp. In

BIRMINGHAM INTERNATIONAL STUDENT HOMES
STATEMENT OF FINANCIAL AcnvrriES
IINCORPORATING AN INCOME AND EXPENDITURE ACCOUNn
FOR THE YEAR ENDED 31 AUGUST 2024
2024
Total funds
2023
Total funds
Unrestrlrted
funds
Restrlcted
funds
Note
INCOME AND ENDOWMEMfs FROM
Donations and legacies
loo
100
100
Charltable actlvities
Accommodation charges
765.921
765,921
693,083
Investment income
26.519
26,519
15,865
Other income
5.000
5,000
12,440
Total
797,540
797.540
721,488
EXPENDITURE ON
Charitable actlvities
Accommodation expenditure
1733,155)
(733,1551
1587,153)
NET INCOME I (EXPENDITURE)
64,385
64,385
134,335
RECONCIUATION OF FUNDS
Total funds brought forward
670,097
670.097
535,762
TOTAL FUNDS CARRIED FORWARD
734,482
734,482
670,097
PAQP 11

BIRMINGHAM INTERNATIONAL STUDENT HOMES (REGISTERED NUMBER: 044283821
BALANCE SHEET
AT 31 AUGUST 2024
2024
Total funds
2023
Total funds
Unrestrlcted
funds
Restricted
funds
Not
FIXED ASSETS
Tangible assets
13
212,790
212.790
107,575
CURRENT ASSETS
Debtors
Cash at bank and In hand
14
40,$60
522.380
40,560
522.380
15,584
617,859
562,940
562.940
633,443
CREDITORS
Amounts falllng due wlthln one year
15
141,248)
141,248)
170,9211
NEf CURRENT ASSETS
521,692
521,692
562,522
TOTAL ASSETS LESS CURRENT LIABILITIES
734,482
734,482
670,097
NET ASSETS
734.482
734.482
670,097
FUNDS
Unrestricted funds
Restricted funds
16
734,482
670,097
TOTAL FUNDS
734,482
670,097
These financlal statements have been prepared in accordance wlth the provisions applicable to charitable companies
subject to the small companies, regime.
The financial statem
ts
ere approved by the Board ofTru5tees on 14 January 2025 and were signed on its behalf by:
Andrew J St
el - Trustee
Peter J S Johan
n MBE FCA- Trustee
Pappl?

81RMINGHAM IMfERNATIONAL STUDENT HOMES
CASH FLOW sfATEMENT
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Notes
Cash flows from operating actlvltles:
Cash generated from operations
5,117
210,119
Net cash provided by operatlng actlvltles
5,117
210,119
Cash flows from Investing actlvltles:
Purchase of tangible fixed assets
Interest recelved
1127.115)
26,519
141,0391
15,865
Net cash (used In) Investing artlvltles
(IIKI.596)
125,1741
Change In cash and cash equivalents In the
reportlng perlod
(95A79)
184,945
Cash and cash equfvalents at the beglnning of the
reportlng perfod
617￿59
432,914
Cash and cash equlvalents at the end of the
reportlng perlod
522.380
617,859
Papp. 14

BIRMINGHAM INTERNATIONAL STUDEpif HOMES
NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2024
RECONCILIATION OF NE[ INCOME/(EXPENDrruRE) TO CASH FLOW FROM OPERATING ACTivrriES
2024
2023
Net Income for the reportlnz perlod (as per the statement of financlal
actlvftles)
Adjustments for:
Depreclation charges
Interest received
{Increasel l Decrease in debtors
(Decrease) I Increase in creditors
64.385
134,335
21,900
(26,519)
(24.976)
(29,673)
24,500
115,8651
24,635
42,514
Net cash provlded by operating actlvltles
5.117
210,119
ANALYSIS OF CHANGES IN NEf FUNDS
At 1.9.23
Cash flow
At 31.8.24
Net cash
Cash at bank and in hand
617 859
Total
617,859
195,479)
522,380
Page 14

BIRMINGHAM INTERNATIONAL STUDENT HOMES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
General Information
Birmingham International Student Homes is a Charity incorporated in England and Wales. The address of the
Charity's registered office is 52 Oakfield Road, Selly Oak, Birmingham, B29 7EQ.
Accountlng conventlon
The financial statements of the Charity, which is a public benefit entity under FRS 102, have been prepared in
668,accordance wlth the Charities SORP {FRS 1021 'A¢countin8 and Reporting by Charlties: Statement of
Recommended Practice appllcable to charities preparing their accounts in accordance with the Financial
Reportin8 Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 {effective l January
20191", Flnancial Reporting Standard 102 "The Financial Reportin8 Standard applicable in the UK and Republic
of Ireland". the Companies Act 2006 and the Charitles Act 2011.
The financial statements have been prepared using the historic c05t convention and are presented In sterlin8
which is the functional currency of the Charity, rounded to the nearest £1.
The significant accounting policie5 applied in the preparatlon of these financial statements are set out below.
These policles have been consistently applied to all years presented unless otherwise stated.
COMPANY STATUS
The Charity is a company limited by guarantee. The members of the Charity are the Trustees named in the
Report of the Trustees. In the event of the Charity being wound up the liability in respect of the guarantee Is
limited to £10 per member ofthe Charity.
GOING CONCERN
The financial statements have been prepared on a going concern basis as the Trustees believe that no material
uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and
expenditure for 12 months from authorising these financial statements. The expected level of income and
expendlture is sufficient wlth the level of reserves for the Charlty to be able to continue as a golng concern.
INCOME
All income Is reco8nised in the Statement of Financlal Activities once the Charity has entltlement to the funds, it
Is probable that the Income will be received and the amount can be measured reliably.
For donations to be recognised the Charlty will have been notified of the amounts and the settlement date in
writing. If there are conditions attached to the donation and this requires a level of performance before
entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of
those conditions is within the control of the Charity and it is probable that they will be fulfilled.
Fees charged for services provided by the Charity such as accommodation charge5 and service charges are
recognised as the services are being performed. Income received in advance of the service being performed is
deferred.
Investment income is earned through holding assets such as cash on deposit. It includes interest receivable.
Interest income is recognised usin8 the effective interest rate method and is recognised as the Charity's right to
receive payment is established.
Grants are included in the statement of financial activities on 3 receivable basis. The balance of income received
for specific purposes but not expended during the period is shown in the relevant fund5 on the Balance Sheet.
Where income is received in advance of entitlement of receipt, its recognition is deferred and included in
creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Page 15

81RMINGHAM INTERNATIONAL STUDENT HOMES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
ACCOUNTING POLICIES- continued
EXPENDITURE
All expenditure is accounted for on an accruals basis and ha5 been classified under headings that aggregate all
costs related to the category. Expenditure is recognlsed where there is a legal or constructive obligation to make
payments to third parties, it is probable that the settlement will be required and the amount of the obligation
can be measured reliably.
It is categorlsed under the following headlngs.
Expenditure on charitable activities.
Other expenditure representing those items not falling into the above categories.
Support costs are those that assist with the work of the Charity but do not directly represent charitable activities
and include office costs, governance costs and other administrative costs.
TANGIBLE FIXED ASSErs
Tangible fixed assets are stated at cost less depreciation or In cases where fixed assets have been donated at
valuation at the tlme of acqulsition.
Depreciation has been provided on tangible fixed assets at annual rates calculated to write off the cost, less the
estimated residual value, of each asset over its estimated useful life at the following rates.
Improvements to property
Fixtures and fittings
- IO% on cost
- 20% on cost
The gain or loss arising on the dlsposal of an asset is determined as the difference between the Sale proceeds
and the carryln8 value of the asset and is reco8nised in net income / lexpenditurel for the year.
TAXATION
The Charlty Is exempt from corporation tax on Its charitable actlvitles.
CASH AND CASH EQUIVALENTS
Cash and cash equivalents include cash in hand and deposits held at call with banks. Bank overdrafts are shown
within borrowings in current liabilities.
OPERATING LEASES
Rentals payable under operating leases are charged to the Statement of Financial Activities as incurred over the
term of the lease.
EMPLOYEE BENEFITS
When employees have rendered service to the Charity, short-term employee benefits to which the employees
are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed
to terminate the employment of an employee or to provide termination benefits.
Page 16

BIRMINGHAM INTERNATIONAL STUDENT HOMES
NOTE5 TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
ACCOUNTING POLICIES- continued
PENSION COSTS AND OTHER POST-REfiREMENT BENEFITS
Contributions to the personal pension schemes of certain employees are charged to the Statement of Financial
Activities in the perlod In which they relate. The assets of these personal pension schemes are held separately
from those of the Charity in independently admlnistered funds.
FUND ACCOUNTING
General funds are unrestricted funds which are available for use at the discretion of the Trustees In furtherance
of the general objectlves of the Charity and whlch have not been desi8nated for other purposes
Designated funds comprlse unrestricted funds that have been set aslde by the Trustees for particular purposes.
Restricted funds are funds which are to be used in accordance with specific restrlctlons imposed by donors or
which have been raised by the Charlty for particular purposes. The costs of raising and admlnlstering such funds
are charged agalnst the specific fund.
Further explanation of the nature and purpose of each fund is included in the notes to the financlal statement5.
FINANCIAL INSTRUMENTS
The Charity only has financial a55ets and financial liabilities of a kind that qualify as basic financlal Instrument5.
Basic financial instruments are initially recognised at transaction value and Subsequently measured at amortised
cost.
CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
In the application of the Charity's accounting policies, the Trustees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readlly apparent from other
sources.
The estimates and underlying assumptions are reviewed on an ongoing basls. Revisions to accounting estimates
are recognised in the perlod 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 revision affects both current and future periods.
DONATIONS AND LEGACIES
2024
2023
Donations
loo
loo
INVEsfMENT INCOME
2024
2023
Deposit account interest
26,519
15.865
Page 17

BIRMINGHAM INTERNATIONAL STUDENT HOMES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
INCOME FROM CHARITABLE AcfiviTIES
2024
Charitable
activities
2023
Charitable
activities
Accommodation charges
Service charges
747,267
18.654
676,442
16,641
765,921
693,083
OTHER INCOME
2024
Charltable
actlvltle5
2023
Charltable
actlvities
Job Retentlon Grant
Employment Allowance
National Insurance and maternity pay recovered
5.000
5,Crf)O
7,440
5,000
12,440
CHARITABLE AcfiviTIES COSTS
Dlrect costs Support Costs
(See note 7) (See note 8)
Totals
Accommodation expenditure
615,002
118,153
733.155
DIREcf COSTS OF CHARITABLE ACTivrriES
2024
2023
Staff wages
Social security
Pensions
Rate5 and water
Insurance
Light and heat
Newspapers and sundries
Laundry
Cleaning
Equipment replacements and repairs
Property maintenance and repairs
Health and safety
WI-FI network charges
Depreciation
170.388
8,412
15.884
45,953
25.188
188,967
1,840
15.100
13A98
32.329
43,518
4,294
27.331
21,900
157.415
8,688
13.902
41,725
24.077
90,405
2.318
13,876
9,575
24,056
40,694
6,722
25,344
24,501
615,002
483,298
Page 18

BIRMINGHAM INTERNATIONAL STUDENT HOMES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
SUPPORT COSTS
Governance
costs
Support costs
Totals
Accommodation expenditure
97,970
20,183
118,153
Support costs, included in the above, are as follows:
Support costs
2024
2023
Salary costs
Soclal security
Penslons and Ilfe assurance
Computer, postage, telephone, courses, stationery and advertislng
67.829
6.850
9,280
,oii
64,654
6.506
8,759
14,406
97,970
94,325
Governance costs
2024
2023
Auditors, remuneration
Auditors, remuneration for non-audlt work
Legal and professlonal fees
6,000
910
13,273
6,000
990
2,540
20.183
9,530
NEf INCOME
Net income Is stated after chargln8'.
2024
2023
Audit fee
Accountancy charges
Depreclatlon- owned assets
6,000
910
21,91)0
6,000
990
24,501
io.
TRUSTEES, REMUNERATION AND BENEFITS
There were no Trustees, remuneration or other benefits for the year ended 31 Au8USt 2024 nor for the year
ended 31 August 2023.
TRUSTEES, EXPENSE5
There were no Trustees. expenses paid for the year ended 31August2024 nor for the year ended
31 August 2023.
Page 19

BIRMINGHAM INTERNATIONAL STUDENT HOMES
NOTES TO THE FINANCIAL STATEMETrirs
FOR THE YEAR ENDED 31 AUGUST 2024
ii.
srAFF COSTS
2024
2023
Wa8es and salaries
Social security costs
Other penslon costs and life assurance
238,217
15.262
25,164
222,069
15.195
22,661
278.643
259,925
The average monthly number of employees during the year was as follows".
2024
18
2023
18
Wardens and staff
No employees recelved emoluments In excess of £60,0th).
12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES
Unrestricted
funds
Restrirted
funds
Total funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable actlvities
Accommodation charges
loo
loo
693,083
693,083
Investment income
15,865
15,865
Other Income
12.440
12,440
Total
721,488
721,488
EXPENDITURE ON
Charltable activitles
Accommodation expenditure
1587,1531
{587,1531
NET INCOME
134,335
134,335
RECONCILIATION OF FUNDS
Total funds brou8ht forward
535,762
535,762
TOTAL FUNDS CARRIED FORWARD
670,097
670,097
Page 20

BIRMINGHAM INTERNATIONAL STUDENT HOMES
NOTE5 TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
13.
TANGIBLE FIXED ASSETS
Improvements Fixtures and
to propertv
fittings
Totals
COST
At I September 2023
Additions
496,225
127,115
54.419
550.644
127,115
At 31 August 2024
623,340
54N19
677.759
DEPRECIATION
At I September 2023
Charge for year
391,S04
21,702
51,565
198
443.069
21,900
At 31 August 2024
413.206
51,763
464,969
NEf BOOK VALUE
At 31 August 2024
210,134
2,656
212,790
At 31 August 2023
104,721
2.854
107.575
The Birmingham Methodist District Trustees for Wesley International House and the Methodist Connexlonal
Council for Asbury Oversea5 House have ratified management agreements authorlsing Birmlngham International
Student Homes to be responsible for all aspects of the upkeep and malntenance of both properties managed by
the Charity except final ownership.
14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade debtors
Prepayments
Other debtors
3,795
36.765
3,407
12,177
40.560
15.584
15.
CREDITOR5: AMOUNTS FALLING DUE wrrHIN ONE YEAR
2024
2023
Trade creditors
Social security and other taxes
Deferred income
Accrued expenses
18,013
26,024
15,094
8,141
18,470
26,427
41.248
70,921
Page 21

BIRMINGHAM INfERNATIONAL STUDENT HOMES
NOTES TO THE FINANCIAL STATEMEMrs
FOR THE YEAR ENDED 31 AUGUST 2024
15.
CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR- contlnued
Deferred income Included above consists of the following:
2024
2023
Deferred accommodation char8es as at 31 August 2023
Accommodation charges deferred during the year
Accommodation charges released during the year
18,470
152,421
1155,797)
9,874
195,747
1187,151}
Deferred accommodatlon charges as at 31 August 2024
15,094
18,470
16.
MOVEMENT IN FUNDS
Net
movement In
funds
At 1.9.23
At 31.8.24
Unrestrlcted funds
General Fund- Asbury Overseas House
General Fund- Wesley International House
Designated Fund-
Asbury Oversea5 House Maintenance Reserve Fund
Deslgnated Fund -
Wesley International House Maintenance Reserve Fund
276,564
63,533
31,001
33.384
307,565
96,917
I60,￿)0
160,000
170.000
170.000
TOTAL FUNDS
670,097
64,385
734,482
Net movement in funds, included in the above are as follows:
Incomlng
resources
Resources Movement In
expended
funds
Unrestrlcted funds
General Fund-Asbury Overseas House
General Fund- Wesley International House
468,921
328,619
(437,920)
(295.235)
31,001
33,384
TOTAL FUNDS
797.540
(733,155)
64,385
Page 22

BIRMINGHAM INTERNATIONAL STUDENT HOMES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
16.
MOVEMENT IN FUNDS- continued
Comparatives for movement in funds
Net
movement in
funds
At 1.9.22
At 31.8.23
Unrestricted Funds
General Fund-Asbury Overseas House
General Fund - Wesley Internatlonal House
Desi8nated Fund -
Asbury Overseas House Malntenance Reserve Fund
Desi8nated Fund-
Wesley International House Malntenance Reserve Fund
276,420
129,342
144
165,8091
276,564
63,533
60,000
ithJ,000
160,000
70.000
100,000
170,000
TOTAL FUNDS
535,762
134,335
670,097
Comparative net movement In funds, included in the above are as follows:
Incomin8
resources
Resources Movement in
expended
funds
Unrestrlrted funds
General Fund-Asbury Overseas House
General Fund - Wesley International House
420,320
301.168
{320,1761
1266,9771
100,144
34,191
TOTAL FUNDS
721,488
1587,1531
134,335
Page 23

BIRMINGHAM INTERNATIONAL STUDENT HOMES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
16.
MOVEMENT IN FUNDS-continued
A current year 12 months and prlor year 12 months combined position is as follow5,.
movement In
funds
At 1.9.22
At 31.8.24
Unrestrlrted funds
General Fund-Asbury Overseas House
General Fund-wesley Internatlonal House
Deslgnated Fund -
Asbury Overseas House Maintenance Reserve Fund
Designated Fund -
Wesley International House Maintenance Reserve Fund
276,420
129,342
31,145
132,425)
307.565
96,917
60,000
100,000
160,000
70,000
100,000
170.000
TOTAL FUNDS
535,762
198,720
734,482
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are
as follows:
Incoming
resources
Resources Movement In
expended
funds
Unrestrlcted funds
General Fund-Asbury Overseas House
General Fund- Wesley Internatlonal House
889,241
629,787
1758.096)
1562,212)
131,145
67.575
TOTAL FUNDS
1.519.028
11,320,308)
198,720
Page 24

BIRMINGHAM INTERNATIONAL STUDENT HOMES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGusf 2024
16.
MOVEMENT IN FUNDS- contlnued
Purpose of funds
Unrestricted General Fund
The General Fund represents the free funds of the Charity that are not designated for particular purposes.
Desi
nated- Asbur
Oversea5 House Maintenance Reserve Fund
This fund represents an amount set aside as a contingency to cover the costs of property malntenance and
repairs charges incurred by the Charity concerning Asbury Overseas House.
Desi
nated- Wesle
International House Maintenance Reserve Fund
This fund represents an amount set aside as a contingency to cover the costs of property malntenance and
repairs charges Incurred by the Charity concernln8 Wesley International House.
Restri
ted-
There are no restrlcted funds.
17.
PENSION COMMrrMENTS
The Charity contributes to the individual pension plans of certain employees. The a55ets of the scheme are held
separately from those of the Charity in an independently adminlstered fund. If the Charity were to withdraw
from this fund then it could become liable for it5 share of any deficit in the fund calculated on a statutory buv-
out basis. Thls contin8ent liability 15 currently estlmated to be up to a maximum of £9,90312023 £13,913).
The total contributions for the year amounted to £25,16412023- £22,661}.
18.
RELATED PARTY DISCLOSURES
During the year £3612023- £2,662) was paid to Savekers Solutions Limlted for marketing and other services.
There was a nil balance owed to Savekers Solutions Limited as at 31 August 202412023- £6001. Andrew Steel,
who is the Chalrman of Birmingham International Student Homes, is a director and shareholder of Savekers
Solutions Limited.
19. EVENTS AFTER THE REPORTING PERIOD
Thesefinanclal statements have been prepared on a goin8 concern basls, the validity of which is dependent upon
Birmingham International Student Homes being able to continue to operate profitably. The impact of the
Coronavlru5 pandemic has abated and, atthe pre5enttime, occupancy levels have returned to their pre-pandemic
leve15. Consequently, no further disruptions to operation5 are anticipated in the foreseeable future.
Page 25

BIRMINGHAM INTERNATIONAL STUDENT HOMES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
20.
OPERATING LEASE COMMrrMENTS
At 31 August 2024 the Charity had outstanding commitments for future minlmum lease payments under non-
cancellable operating leases which fall due as follows.
2024
2023
Within onÈ year
Between two and five years
In more than flve years
8,381
33,523
IIA73
53,777
21.
ULTIMATE CONTROLLING PARTY
The Charity Is controlled by the Board of Trustees.
Pa8e 26