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INTERNATIONAL STUDENT MISSION HOUSING TRUST
Registered Charity Number: 1172542
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDING 31 MARCH 2025

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INTERNATIONAL STUDENT MISSION HOUSING TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDING 31 MARCH 2025
Contents
Pa
Legal and administrative information
Report of the Trustees
Statement of financial activities
Balance sheet
Notes to the financial ststements
6-9
Independent examiner's report
10

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INTERNATIONAL STUDENT MISSION HOUSING TRUST
Registered office.. The Rowan Centre. All Nations Christian College, Easneye, Ware, Herts SG12 8LX
Administrative details of the cha
the trustees and advisors
The Trustees present their report together wth the accounts of the charity for the period ended 31 March 2025.
The followng trustees served from 1 April 2024 and up to the date of the approval of the accounts=.
Alan Tower (Chair)
Richard Barrett
Robert Felix
Elisabeth Jones (resigned 1 July 2025)
lan Sanderson
Registered Charity Number 1172542
Principal address
The Rowan Centre
All Nations Christian College
Easneye
Ware
Herts SG12 8LX
Bankers
Lloyds Bank plc
CSU Chadton Place
Charlton Road
Andover
Hants SP10 1RE
Independent examiner
Griffin Stone Moscrop & Co.
21-27 Lamb's Conduit Street
London WC1N 3GS
Solicitors
EIIis-Femior & Negus
2 Devonshire Avenue
Beeston
Nottingham
NG9 1BS

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INTERNATIONAL STUDENT MISSION HOUSING TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
Objectives
The objects are to address the problem of Christian mission workers who need to be located for their
work in central city areas with expensive property beyond their reach to buy or rent on typical third-
sector charty worker salaries.
The Charity's objects as stated in the constitution as agreed wth the Charity Commission and adopted
on the 17 March 2017 are=
'To advance the Christian religion through the provision of affordable housing to an evangelist
for the purpose of holding prayer meetings and distributing literature in that locality to
enlighten others aboLrt the Christian religion, with a particular focus on international students.,
'The relief of financial hardship among evangelists or other Christian workers living or working
in an area which has a university but in which they could not otheNise afford to reside
through lack of means 'through the provision of affordable housing.,
'To promote social inclusion for the public benefrt in areas which have a university by
preventing international university students from becoming socially excluded, relieving the
needs of those students who are socially excluded and assisting them to integrate into
society- For the purpose of this clause'socially excluded, means being excluded from society,
or part of society. on the grounds of race andlor ethnic origin andlor language.,
Activities
The primary activities of the Charity are..
1. Provide housing for Friends International mission workers in Cambridge, and elsewhere as
and when agreed, at an affordable rent and in appropriate locations to execute their work in a
most effective manner.
2. Enable friendship mission outreach work towards intemational students, visiting scholars,
language students, tourists and permanent immigrants to be carried out in all selected centres
through the provision of housing.
3. Enhance the integration of international students into UK society. providing social inclusion
for the public benefit through suitably housed mission workers
In carying out the activities of the Charity each year the Trustees have regard to the Charity
Commission published guidance on public benefit under the Charities Act 2011. The Trustees ensure
that the activities undertaken are in line wrth the charitable objects and aims. The charity is a Public
Benefit Entity.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Trustees who Se￿ed the charity in this period were=
Robert Felix
lan Sanderson
Alan Tower
Richard Barrett
Elisabeth Jones (resigned 1 July 2025)
Future trustees will be appointed after search. interview and invrtation by the Trustees, having due
regard to the skills, knowledge and experience needed for the effective administration of the charity as
laid down in Clause 10 of the charity consb'tution.
ACHIEVEMENTS AND PERFORMANCE
The main achievements of the charity during the period have been to..
Management of the Cambridge property including the change of tenancy when the new
Centre Team Leader arrived.The sale of a Boumemouth property to a Friends International
Bournemouth staff worker.

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INTERNATIONAL STUDENT MISSION HOUSING TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
The purchase of a second property in Cambridge for a different Cambridge Friends
International staff worker.
There have been significant positive indicators that the activity of the charity could in the future extend
to further cities around the UK=
The continued identification of needs.
Successful attraction and gathering of financial supporters.
Successful operation of the first four properties owned by the charity.
Approaches from other organisations looking to us as a potential partner and enabler.
FINANCIAL REVIEW
Annual Financial statements
The income of the charity was £38.124 made up principally from investment income of£8,164, legacies
of £15,000 and rental income of £14.960. With expenses of£10.330 and £5,008 profit on disposal of a
property, there is an overall surplus of £32,802.
Reserves
The charity has a reseNes policy to keep a reserie of £5.000. This amount is calculated to be that
required to wind up the charity over a six-month period and to meet any liabilities on closure. Free cash
reserves currently stand at £255,811, which after taking account of unrestricted liabilities feeds into
unrestricted reserves of £98,211 so sufficient funds are held to comply with the reserves policy. The
total funds at the balance sheet date are split between unrestricted funds totalling £98,211 and restricted
funds of £377,328, wth further infomiation provided in note 13 to the financial ststements.
Donations and Loans
Intemational Student Mission Housing Trust received donations from individuals and churches.
Intemational Student Mission Housing Trust received loans as unsecured loans from individuals and
trusts.
Staff, Volunteers and Support Costs
The charity has no employees. General volunteers caffied out all the activities and fvnctions of the
charity. Volunteer expenses amounted to zero.
Judy Luhombo served the charity as Administrator on a voluntsry basis seconded from Friends
Intemational Ministries.
FUTURE PLANS
The charity plans to continue with the same activities as at present and continue to extend its property
portfolio as needs, opportunities and funds allow.
Website
Further information about International Student Mission Housing Trust can be found at our
website www.ismhousin
trust.or
This annual report and financial statements were approved by the trustees and signed on their behalf
fvLr
ALAN TOWER- CHAIR OF TRUSTEES
Date.. 511112025

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INTERNATIONAL STUDENT MISSION HOUSING TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDING 31 MARCH 2025
Unrestricted Restricted
Funds
Funds
Total
2025
Totsl
2024
Note
Income from:
Donations and legacies
15,000
15,000
Rents receivable
14.960
14,960
15,331
Investment income
8,164
8,164
4,366
Total income
38,124
38,124
19,697
Expenditure on:
Charitable activities
10,330
10,330
12,320
Totsl expenditure
10,330
10,330
12,320
Net income before gains and losses
27,794
27,794
7,377
Net gain on disposal of property
Net income
5,008
5,008
7,686
15,063
32,802
32,802
Transfers between funds
1270,327)
1237,5251
270,327
Net movement in funds
270,327
32,802
15,063
Total funds brought forward at 1 April 2024
335,736
107,001
442,737
427,674
Total funds carried forward at 31 March 2025
£ 98,211 £ 377,328 £ 475.539 £ 442.737
All of the above results are derived from continuing activities.
The slalement of financial activities indudes all gains and losses recognised in the above periods.
The attached notes form part of these financial Statements.

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INTERNATIONAL STUDENT MISSION HOUSING TRUST
BALANCE SHEET
Unrestricted Restricted
Funds
Funds
Total
2025
Total
2024
Note
Fixed assets
Tangible fixed assets
994,728
994,728
791,953
Current assets
Cash at bank and in hand
Debtors
255.811
255,811
365,734
255.811
255,811
365,734
Creditors.. amounts falling due
wthin one year
10
{1,6001
{50,0001
{51,6001
{26,5501
Net current assets
254.211
{50,000}
204.211
339,184
Creditors.. amounts falling due
after more than one year
1156.000)
1567.400}
1723.400} 1688,4001
Net assets
98,211 £ 377,328 £ 475,539
442,737
Charity Funds:
Unrestricted funds
Restricted funds
12
12
98,211
98,211
377,328
335,736
107,001
377,328
Total funds
98.211 £ 377,328 £ 475,539 £ 442,737
Approved by the board of Trustees and signed on its behalf by".
ALAN TOWER
TRUSTEE & CHAIR
rol•L¥I FLtsF
ROBERT FELIX
TRUSTEE
511112025
The attached notes form part of these financial statements.

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INTERNATIONAL STUDENT MISSION HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS- 31 MARCH 2025
1 Accounting policies
al Ba$is of proparation of financial statements
The finan￿al statements have been prepared to give a MTue and fairf wew arHJ have departed from the Charities
IAccounls and Report51 Regulation5 2008 lo the extent required lo provide a Irue and tsirf view. This
departure has involved followiThJ the charib.es SORP IFRS 1021 publisheil in October 2019 rather than the
Accounting and Reporting by Charibes.. Stalement of Recommended Practice effective from 1 April 2005 vknich
has Sin￿ been ¥Mthdravm.
The finan¢ial slalemenls have been p￿pared under the historical Cost ¢onvenlion wytt) rtems ￿cOgnised al ¢osl or
transaction value unless other¥%ise staled in the relevant notes to Ihese accounts. The finanaal statements have
been prepared in accordance ￿1th the Accounting and Reporting by Charities.. Statement of Recommended
Practi￿ applicable to charitie5 preparirvJ their accounts in accordance wth the Finanual Reporting Standard
applicable in the UK and Republi¢ of Ireland IFRS 1021 leffe¢b"ve 1 January 20191. the Finanual Reporting
Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011.
International Student Mission Housing Trust constitutes a public benefit entity as defined by FRS 102.
bl Fund accountlng
General funds are unrestricted funds %%thich are available for use at the discretion of the trustees in fvrtherance of
the general objectives of the chattty arvj vthich have not been designateil for other purposes.
Restricted funds are funds ¥thich are to be used in accordan￿ *ith S￿fiC restrictions imposed by donors or
ich have been raised by the charity for particular purposes. The costs of raising and administering such funds
are charged against the specific fvnd. The aim and use of each restricted fvnd is set out in the notes to the
finan¢ial slalemenls.
cl Income
Donations and gifts are rellected in the financial statements in the Feriod in vknich they are received.
Income tsx recoverable in re$￿t of gift aid donations is L￿l￿Jht into account in the same pen￿ as the ￿levant
donation.
Rental income is recognised on a receivable basis.
For legaaes, entiuement is taken as the eartier of the date on vknich eI￿r.. the charity is awdre that probate has
been granted, the estate has been finalised and notificabon has been made by the execuiorlsl to the charty that a
distribution wll be made. or a distribution is re￿1ve￿ from the estate. Re￿Ipt of a legaw, in ￿kno1e or in part.
is only ¢onsidered probable %then the amount can be Measu￿ reliably and the Charity has been notified. or the
charity is aware of the granting of probate, and the ￿teria for incon* recognthon have not ken met, then the
legacy is treated as a conts'ngent asset and disdosed if material.
Gffts in kirKJ donated for distribLth'on are induded at valuation and recognised as income Nthen they are distribLrted
to the projects.
dl Exp¢nditur¢
Expenditure is recognised on(E Ihere is a legal or conslmctive obligation to transfer economic benefit to a third
party, rt is probable that a transfer of economic benefits wll be required in settlement, and the amount of the
obligation can be measured reliabty.
Expenditure on charitable adivrties is expenditure In(¥r￿ on the ¢hatrty's operations. incJuding support costs anLI
costs relating to the govemance of tharity apporfiowl to charitable activities.
Support costs are those costs IncU￿ed directly in support of expenditure on the objects of the charity. Goveman
costs are those costs incurred in connection with administration of charity and compliance with conslilutional
and slalutory requ1￿MentS.
l expendf(ure is inclusive of irrecoverable VAT.

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INTERNATIONAL STUDENT MISSION HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS- 31 MARCH 2025
Accounting policies {continuedl
el Tangible fixed assets and depreciation
All assets costing more than £1,000 are capitalised.
Tangible fixed assets are carried at cost or valuation, net of depreryalion and any provision for impairment.
Depreciation is not charged on freehold land. Depreaation is provided at rates calculated to write off the cost or
valuation of fixed assets, less their estimated residual value. over Iheir expected useful lives.
Since the market value of leasehold and freehold properties are not expected to fall materially below net book
value, no depreciation has been provided.
el 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.
el Cash at bank
Cash at bank includes cash and short leTh highly liqu￿ investments wth a short maturity of three months or less
trom the date of acquisition or opening of the deposit or similar account.
Liabilities
Liabilities are recognised when there is an obligation at the balan￿ sheet date as a result of a past event, it is
probable that a transfer of economic benefit wll be required in settlement. and the amount of the settlement can
be estimated reliably. Liabilities are re￿nised al the amount that the charity anti￿Pate5 It will pay lo settle the
debt or the amount it has re￿iVed as adVan￿d payments for the goods or services it must provide.
gl Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic finanaal instruments.
Basic financial instruments are initially recognised al transaction value and subsequently measured al their
settlement value with the eX￿pIlOn of bank loans which are subsequently measured at amortised cost using the
effective interest method.
The charity is funded by a number of loans from individuals that are interest free and whose repayment ternis are
flexible other than being not due for repayment wthin one year. Accordingly detemining an accurate net present
value of these loans at the balan￿ sheet date, as required by the SORP, is considered by the trustees to be an
impractical requiremenL Instead it is considered that a more true and fair view is given in the financial slalements
by carrying the loans at the actual nominal value that wll be payable when the loans are repaid and further
disclosure of this fact is made in the notes.
h) Accounting eslimates and areas of judgment
Estimates and judgements are continually evaluated and are based on historical experien￿ and other factors,
including expectations of future events that are believed to be reasonable under the circurnstsnces.
The charity makes estimates and assumptions conceming the fLrture. The resulting accounting estimates and
assumptions will, by definition, seldom equal the related actual results.

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INTERNATIONAL STUDENT MISSION HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS- 31 MARCH 2025
Continued
Donations and legacies
Unrestricted Restricted
Funds
Funds
Total
2025
Total
2024
Note
Income from donations and legacies
Legacies
Gifs in kind
15.000
15,000
Total donations and legacies
15.000
15,000
Gifts in kind
The leasehold propety donated in 2018 was valued at the estimated market value at the time the gift was made. The
property was sold in July 2024.
Expenditure on charitable activities
Unrestricted Restricted
Funds
Funds
Total
2025
ToLIl
2024
Expenditure on charitable activities
Legal and professional costs
Insurance, council tax and sundry property costs
Independent examination
2.595
6.125
1.610
2,595
6,125
1,610
1,387
9,383
1,550
Total expendilure
10.330 £
10,330 £ 12,320
In Ihe comparative period £12,320 was unrestricled expenditure.
Trustees
No travel and subsistence expenses were paid to trustees to enable them to attend meetings and generally carry out
their govemance responsibilities (2024 = nil). No trustee received any remuneration or benefits.
Analysis of staff costs
No staff were employed by the charity.
Tangible fixed assets
Leasehold
Property
Freehold
Property
Totsl
Cost
Al 1 April 2024
Addilions in the year
Disposals in the year
200.oc
402,775
(200.000)
591.953
791.953
402,775
(200,0001
At 31 March 2025
402.775
591,953
994,728
Depreciation
At 1 April 2024 and 31 March 2025
Net book value
At 31 March 2025
£ 402.775 £ 591,953 £ 994,728
Net book value
At 31 March 2024
£ 200.000 £ 591,953 £ 791,953

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INTERNATIONAL STUDENT MISSION HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS- 31 MARCH 2025
Conts'nued
8 Cash at bank and in hand
2025
2024
Cash al bank and in hand
255,811
365,734
£ 255,811
£ 365,734
g DebtOf5
other debtors
10 Creditorn: amounts falling due within one year
Accruals
Loans
1,600
50,000
1,550
25,000
51,600 £ 26,550
11 Creditors: amounts falling due aftermore than one year
Loans
723,400
688,400
£ 723,400 £ 688,400
The charity owes money in respect of 1912024 = 171 loans provided to IL Al loans are unsecured and bear no interest.
They are repayble al malurty or on the sale of a property. Due to the fad that we cannot predict with any ￿rtaInty when
the capitsl will be repaid it is not possible lo detemiine an appropriate net present value. Accordingly il is considered that
the loans should be carried at the amounts received by the chanty net of any repayments already made.
12 Statement of funds
Details of material funds held and movements during the current repor￿ng period
Fund
balances
brought
forward
Fund
balances
carr￿d
forward
Income
Expenditure
Transfers
Unrestricted funds
General fund
335.736
43,132
10,330
(270,327)
98,211
Restricted funds
Cambridge properties
107,001
270,327
377,328
Total funds
£442,737 £ 43,132 £ 10,330
£ 475,539
The Cambridge propetties fund is available lo repay loans re￿Ived in relation to the ao]uisilion of properties, the second
property being acquired in the year ended 31 March 2025.
13 Anatysis of net assets between funds
Unrestricted Restricted
Funds
Funds
Total
2025
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due after more than one year
994,728
994,728
255,811
150,0001
1723.4001
255.811
11,6001
{156.0001
150,0001
1567,4001
98,211 £ 377,328 £ 475,539

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Independent Examiner's Report to the Trustees of International Student Mission Housing Trust
I report to the chartty trustees on my examination ofthe a￿Unts of the tharity for the year ended 31 March 2025.
Responsibilities and basis of report
As the charty's trustees you are res￿nsIble forthe preparation of the accounts in accordance wth the requirements
of the Chariti'es Act 2011 {Ihe Act,).
I report in respect of my examination of the chartty's ￿OUnts carried ¢JJt under section 145 ofthe Act and in carrying
out my examination I have foll¢Jwed all the appluble Directions given by the Charity Commission under section
14515)Ibl of the Act.
Independent examiner's statement
I have completed my examinath)n. I confimi that no material matters have come to my attent'on in connection wrth the
examination giving me cause to believe that in any material respect
1. accounting records were not kept in respect ofthe chanty as required by section 130 of the Ac( or
2. the accounts do not accord wth those records: or
3. the accounts do not comply wth the applicable requirements con￿MIng the fomi and content of accounts set out
in the Charits'es (Accounts and Reports) Regulth'ons 2008 other than any requirement that the accounts gwe a 'true
and fair view is not a matter considered as part of an independent examination.
I have no concems and have come across no other matters in connection wth the examination to which attention
should be drawn in this rewrt in order to enable a proper understanding of the ac£ounts to be reached.
R￿hard Hill FCA
GRIFFIN STONE MOSCROP & CO
21-27 Lamb's Conduit Street,
London, WC1 N 3GS
CHARTERED ACCOUNTANTS
Date.. 511112025