REGISTRARS COPY
THE BIRMINGHAM MEDICAL INSTITUTE
(Company limited by guarantse and nol hovlng a Share capltal)
REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31ST DECEMBER 2023
Charlty No: 218651
C(xnpany No: C4J008756

THE BIRMINGHAM MEDICAL lNST￿ljTE
REPORT OF THE COUNCIL IDIRECTORS AND TRUSTEES)
FOR THE YEAR ENDED 31ST DECEMBER 2023
The Trustees present their report and the financial statements of the charity for the year ended 31
December 2023. The tnjsteès have adopled the provisions of the Ststement of Recommended Practice
ISORPI 'Accounting and ReFY)rting by Charities in preparing the annual report and financial statements
of the charity.
The financial statements have been prepared in accordan￿ Mrilh the Charities Act 2011 and Accounting
and Reporting by Charities. Slalernent of Recommended Practice aP￿ICable to chanties preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland published in October 2019.
Reforence and admlnl8tratlon Informatlon
Charity name..
The Birmingham Medlcal Institute
Charity registration numter..
Company registration number..
Registered office and
Operational address..
218651
00008756
One Eas￿0￿￿
Harry Weston Road
Binley Busin888 Park
Coventry
CV32UB
Councll {Tru8tee•l.'
Dr D Rkhardson IPre9identl
Or A C While (Vice-Presidenti
Mr B E Teall (Treasurer)
Prof P Adab
Or P Borg Bartolo
Dr J Hurfow
Dr G K R Jamieson
Dr P Pears
Dr J Reed
Dr J A Thompson
Prof D Wamsley
Company dlr•ctorn:
Dr D Richardson
Mr B E Teall
Company 8•cret•ry:
Mrs E Slmpson
Independent examln•r
Brian Jukes, FCA. Daffems LLP. Charte￿d Accountants, One Eastr￿0d, Harry Weston Road. Binley
Business Park, Coventry. CV3 2UB
8anke
The Royal Bank of Scotland, Sutton Coldfield

THE BIRMINGHAM MEDICAL INSTITUTE
REPORT OF THE COUNCIL {DIRECTORS AND TRUSTEES)
FOR THE YEAR ENDED 31ST DECEMBER 2023
Actlvltles and charftsbl• objects
The objects and pllncipal actimty of the company during the year was the provision of postgraduate
education for members of medical, dental and other healthcare professions. The Bimiingham Medical
Institute continues lo fulfil its charitable acdvitses and cbieclives by providing educational and training
courses for medical practitioners and other healthcare professionals in the city and surrounding areag.
Publlc benoflt
The Council consider they have complied with their duty to have due regard lo the guidance on wblic
benefit, as published by the Charity Commission, in èxercising their powers aTKI duties.
Achlevomonts and Performanc?
The Institute'3 operations continue to be adversely impacted by the lingering effects of the pandemt.
However, the strategic acquisition and subsequent integration of Palm Training as a wholly-owned
subsidiary has alleviated some of these challenges. 1115 anlicipaled that this positive trajectory will persist
and further improvements have been observed throughout 2023.
The Institute remains slea*fasl in ils mi55i0n to deliver accredited educational training, both virtually and
in person. to allied healthcare profe55ional$ in the Wesl Midlands. The revenue generated from these
initiab.ves is crucial, as it ensur85 that the Birmingharn Medical Insb'tule18MII can su8tain and enhance
its promsion of ff*dical education and training across the West Midlandg.
Flnanclal r•vl•w
The net expenditure for the year amounted to £26.401, Tlis amount has been deducted from resef
brought forward leaving fund bala￿e9 of £315,110 at the ènd of the year. The trustees consider the
results to be salisfaclory.
Re•erves pollcy
The Instslute's reserves are fully allocated towards the maintenance and expansion of current educational
programs and services. These funds are essents'al not only for the enhancement of existing offerings bul
also for ensuring the conb'nuity and long-term sustainability of the Institute.
Mgmbern of tho Coun¢ll
Members of the Council are trustees for the purpose ol charity law,. trustees who served during the year
and up lo the date of this report are set out on page 1.
Stru¢thre Governanc• and Management
Governlng Docurnent
The Institute is a charitable company limited by guarantee, incorporated on 17th September 1874 aThJ
registered as a charity on 7th May 1963. The company was established under a memorandum ol
Association, which estsblish￿l the objects and powerg of the charitable company and is governed
under ils Art￿leS of Assoaalion.
Recruitment and Appolntment of Offlc•rn and Members of the Councll
The members of the Council {trusleesl are elected in ￿OrdanCe with the provisions contained in the
Memorandum and Articles of Ass(Kiation and until otherwise delemiined by a General Meeting.

THE BIRMINGHAM MEDICAL INSTITUTE
REPORT OF THE COUNCIL (DIRECTORS ANO TRUSTEES)
FOR THE YEAR ENDED 31ST DECEMBER 2023
Tru8lee Inductlon and trnlning
New trustee9 are briefed by the Pfftsidenl on their obligations 83 Council M￿berS and the future plans
and objectives of the Inslitule. Minutes of previous meetings are also available for new Council
Members upon request.
Risk rnvlew
The Council has conducted a wew of the major risks lo which the charity is expos￿1 and have
established systems to rnitigate these risks.
Every effort is made lo ensure that all risks are kept to a minimum. The trustees consider that insuranL
cover and reserves are adequate to ensure the continued cperalion of the Institute in the event of the
occurrence of ary unexFecled irrident.
Th15 r8POrt has been prepared in x¢ordance wth the 8￿ClaI provisions of Part 15 of the Companles
Act 2006 relating to 8mall companies.
Approved on behalf of the Council on 8th June 2024 and svJned on its behalf by..
Dr D Richardson
P￿SIdent l Trustee

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF
THE BIRMINGHAM MEDICAL INSTITUTE
I report to the thanty trustees on my e￿inatiOn of the accounts of the company for the year ended
31sl December 2023, which are set out on pages 5 to 12.
Ro8ponslbilities and ba818 of report
As tha charity's Iruslees of the Company land also its directors for the purposes of company lawl you are
responsible for the preparation of the accounts in accordance wth the requirements of the Companies
Act 2006 {'the 20C6 Act'i
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16
of the 2006 Act and are eligible for independent examination, I report in resFect of my examination of
your charity's accounts as carried out under g&ction 145 of the Charit'es Act 2011 I'the 2011 ACVI. In
carrying out my examinabon I have followed the Oiwlions given by Ihe Charty Commission Ltnder
section 145151 Ibl of the 2011 Act.
Indopendgnt •xamln•f8 8tatoment
I have completed my examination. I ¢¢￿fIM7 that no mattgrs have come to my attent￿n in connectson ¥Mth
the examination giving me cause lo believe that in any material respect..
accounting records were not kept in respect of the company as required by section 386 of the 2006
Ac( or
the accounts ¢Jo not accord with those records., or
the ac¢ounts do not cornply with the accounting requirements of sectr'on 398 of the 20Ce Act other
than any requirement that the ac¢ounts give a 'true and fair view, which is not a m8tter consider&
as part of an independent examination.. or
the accounts have not been prepared in accordance wth the m&thods and pnnciples of the
Statement of Recommended Practice ft)r accounting and reparting by charities applicable to Charities
preparing their account5 in accord8nce wth the Financ￿1 Reporting Standard applicable in the UK
8nd Republic of Ireland IFRS 1021
I have no concerns ar￿ have come xross no other matt8r3 in conneth'on with the examin8tion to which
attention should be drawn in this report in order to enable a proper understanding of the acoounl8 to
reached.
Bri￿ Jukes, FCA CTA
For and on behalf of Dafferns LLP
Chartered Accountants.
One EaS￿c4)d,
Harry Weston Road,
Binley Business Park
Coventry, CV3 2UB.
61h June 2024

THE BIRMINGHAM MEDICAL INSTITUTE
STATEMETrif OF FINANCIAL ACTIVITIES
INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31ST DECEMBER 2023
Unrestrlcted funds
2023
2022
INCOME FROM:
Donations and l•gacl88
Subscriptions and donations
Gift aid tax recovered
Charftiblo activitles
Meetings and training
Invostment income
Interest on depoglts
DNidend income
Total In¢om•
4,455
1,024
5,3C4J
1,138
25,7C
22,043
147
43
EXPENDITURE ON..
Ral8lng funds
Investment brokers fees
Chorltable actlvltle•
Meetings and training
Property expense8
Support co•ts
Salaries arKI wages
Administration costs
Leg81 and professional charges
Accountancy
Depreciation and amortlsation
Total expendlture
188
11,192
6,454
8,285
7,491
56,112
3,939
720
4,320
430
833
54.322
2,950
720
5,119
70
147,3751
LL74
148,450}
581
Net gains I (losse81 on investments
Nfrt Incom• I lexpendlturel
Fund balances at 1st January 2023
Fund balances at 31•1 December 2023
{26.4011
187,0111
28 522
The nolas on pag88 8 to 12 form an integral part of these financial ststernents

THE BIRMINGHAM VEDICAL INSTITUTE
IREGISTERED NUMBER: 00008756)
BALANCE SHEET AS AT 31ST DECEMBER 2023
mole
2023
2022
Flxed •$8ets
Tangible assets
Intangible assets
Investrments
1,124
1,554
27
304.402
328,891
Cuirnnt 8•88ts
Stocks
D8blors
Bank balances and cash
59
520
833
19,412
59
1,033
20 383
21,455
10
CTedltorn
Amoun18 falling due wlthin one year
Net current assets
12
Not amets
Ro•orv
General fund - unrestricted fund
The charitable company is enb'lled to exemption Irom audit under $8ctlon 477 of the Companies Act 20Ce
for the year ended 31 st Decemter 2023.
The members have not required the charitsble company lo obtain an audit of Its flnancial statements for
the year eftded 31 st December 2023 in accordance with Section 476 of the Companies Acl 2006.
The directors and trusteeg acknowledge their respcfislt￿1ltie$ for complyirg wth the requirements of the
Companies Act with ￿Spect to accounb'ng ffjcords and the preparatlon of the accounts.
These financial statements have been prepared in xcordance wlth the provi8Dns app1[￿b￿ to Small
companies subject to the Small Companies, regime and in accordance with FRS 102 SORP.
The financial statements were appn)ved by the Council on 8th June 2024 and ware sign?￿ on ils behalf
Dr D Richardson
President / Trustee
The notes on pages 8 to 12 forn an integral part of these financlal statements.

THE BIRMINGHAM MEDICAL INSTITUTE
NOTES TO THE FINANCIAL STATEmE￿[s
FOR THE YEAR ENDED 31ST DECEMBER 2023
1. Gonoral Inforniatlon and ba81s of preparntion
The Birmingham Medical Institute is a private company, limited by guarantee, regigtered in England
and Wales. In the event of the charity being wound up, the liability in respect ofthe guarantee is limited
to 50p per member of the charity. The address ofthe registered office is given in the charity infomation
on page 1 of these financial ststements. The nature of the charity's operatsons and principal activities
ig the provision of postgraduate education and specialist services for members of the medical and
other healthcare Se￿ice5.
The charity constitutes 8 public benefit entity as defined by FRS 102, The financ￿1 statements have
been prepareil in accordance wlh Accounting and Reporb'ng by Charities.. Stalern8nl of
Recommended Practice applicable to charities preparing their accounts in accordan￿ with the
Financial ReF)Orting Standard applicable in the UK and Republic of Ireland IFRS 102) issued in
October 2019. the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
1021, the Charities Act 2011 and the Companies Act 2006, and UK Generally Accepl8d Accounting
Practice.
The financial statements are prepared on a going concern basis under the historical cost Convention,
modif ed lo include certain items at fair value. The financial sl8tement5 are presented in sterling {£)
whi¢h is the functional currency of the charity and rounded lo the nearest pound.
The significant accounb'ng pjlicies applied in the p￿paratiOn of these financial statements are sel
out below. These policies have teen consislentty applied to all years presented unless otherwise
stated.
2. Accountlng pollcl88
Fund •ccountlng
Unreslricled funds are available for use at the discreb'on of the Iruslees in furtherance of the general
objectives of the charity and which have not b88n de8ignated for other purposas,
Restricted funds can only be us&J in accordanc8 Wth the re8triclion impJs&d upon them.
Incofflè rocognltlon
All incoming resour￿3 are included in the Statement of Financial Activities ISOFAI when the charity
is legally enlilled to the income after any perfomiance conditions have been mel, the amount Gan be
measured reliably and it is probable that the income wll be ￿Ceived.
Investment income is earned through holding 8ssels for investment purposes such as shares and
property. 11 includes dividends, Inte￿$t and rent. Where it 1$ not practicable lo identify investment
management costs in¢urred ￿thIn a scheme with reasonable accuracy the investment incorne is
reported nel of these costs.11 is included when the amount can be measured reliably. Interest income
is recognised u8ing the effective interest method an¢J dividend and ￿nt income is recognised as the
charity's right to ￿￿1ve payment is established.
Expendtture recognltlon
All expenditure is accounted for on an accruals basis and has been classified under headings that
aggregate all costs related to the category. Expenditure is recogniged where there is a legal or
constructive obligation to make paymenls to third parties, it is probable that the settlement wll be
required aTrd the amount cf the obligats'on can be measured rella￿y.

THE BIRMINGHAM MEDICAL INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023
2. Accounting pollGies
Tanglble fixed as80ts
Tangible fixed assets are staled at cost lor deemed cost) or valuation less accumulated dep￿cIa￿'0n
and accumulated irnpairment losses. Cost includes costs direcuy attdbutsble to making the asset
capable of operating as intended.
Depreciation is provided al the following annual rates in order to write off each asset over its
esbmated useful life..
Ccffiputer equipment
33.3% straight line
Inv08tm•nts
Investments are recognised initially at fair value which is nom811y the Iran5aCtlon price excluding
transaction costs. Subsequently, thay are measured al fair value wth changes recognised in 'net
gains I Ilosse81 on investments, in thè SOFA if the sha￿9 are publicly traded or their fair value can
olhewse be measured reliably. Other investments are measured al cost less impairment.
The investment in the gubsidiary is measured at CO81 le3s impairmenL
Stocks
Stock has been valued al the l¢xer of cost and nel reali98ble valu8.
Dobtor• and creditor¥ rK•iv•blo I payabl• withln ono year
DebloryJ and creditors with no stsled interest rale and recelvable or payable wthin one year are
recorded al transaction pri￿. Any105ses arising from impairnent are ￿0)gnISed in expendItu￿.
Operatlng l•a•e•
Rentals payable and ￿¢￿Vable under owrating leages are charged to the SOFA on a slraight-line
basis over the peric•J of the Fea88.
Pan•lon•
The company operates defined conldbutlon pension 8chemes. Contributions payable durfng the year
are charged in the statement of financial activlts.es in the period lo which they relate.
Rdaled c¢Jmpany
The company (ywns 100% of the issued ordinary share capital of Palm Training Lirnited lincorwrated
in the United Kin9Yoml. That company was dormant during the year ended 31 ￿ December 2023.
3. N•t In¢ome
2023
2022
Net income is stated after ch8rging,'
Dep￿CIall0n and amertisation
Operating lease payments
430
703

THE BIRMINGHAM f•lEDICAL INSTITUTE
NOTES TO THE FINANCIAL STATEMETrirs
FOR THE YEAR ENDED 31 ST DECEMBER 2023
4. Independent examinern remuneratlon
The independent examiner's remuneratson amounts lo an independent examination fee of
£2,580 and accountancy and other seN1￿3 of £1,860.
S. Trustee r•muneration and other benfrflts
2023
2022
No tsu8tees' remuner8tion or other benefft5 were paid during the year.
Tm¥t8es' oxpen¥e•
No exFense8 were paid to tru8tee8 in 2023 or 2022.
8. staff numb•rn and costs
Office
Salaries
Pension 5Gheme conlribulion8
NalDnal in8uranGe
48.842
7.470
46,920
7,402
No employee received emduments of more than £80,CQO.
7. Tanglblo flxed a•••ts
2022
2022
C￿t
At 1st January 2023
Additions
At 31st December 2023
70,841
70,641
Depreclatlon
At 1st January 2023
Charge for the year
At 31$1 December 20223
69,087
68,384
Net book value
At 31$1 tknernber 2023
At 31 $1 DeGernber 2022
10

THE BIRMINGHAPdl MEDICAL INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023
8. Inve•tmonts
2023
2022
Marf(et valu•
As at 1st January 2023
Purchases at cost
Sales proceeds
Revaluation
As at 31st t)ecember 2023
IAII quoted on a recognised stock exchange)
Cash held by investment M￿agerS for reinvestment
Cash Bond
The group
Share$ in subsidiaries
The company
294,207
4,624
151.1341
355,119
4.750
125.1011
40
268,671
1,550
294,207
73
299,933
323,992
Sham In $ub•ldlarlos
Name.. Palm Training Limited
Company number.. 02950970 (England and Wales)
Nature of business.. Dormant
Cla$$ of Shares.. Ordinary - Holding.. 101Y
Aggregate capital and re8eNeg
Profil for the peTicrfI
3,345
3,345
9. Sto¢k•
2023
2022
Medals
10. Dfrbtor•
2023
2022
Trade debtors
Prepayments
308
212
609
424
11. Creditorn.. amounts f•lllng due wlthln one year
Trade creditors
Other creditors
AG¢ruals and deferred income
4.174
4.355

THE BIRMINGHAM MEDICAL INSTrruTE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023
12. Fund•
All fund8 are unrestricted
13. Reiatad party tran8actlon•
There no material related party transactions dunng the year.
12