THE BOYS, BRIGADE- LONDON DISTRICT TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st August 2024 Registered Charity number: 1144648 Company Registration Number: 7828055 Independent Examlner: Nigel Porter Registered Address: Wesleys Chapel & Leysian Mission. City Road, London EC1 Y 1AU THE BOYS. BRIGADE- LONDON DISTRICT Year Ended 31 st August 2024 Contents: Page Refe￿n￿ and Administration Details Report of the Trustees Statement of Assets & Liabllities Statement of Financial Activities Notes to the Financial Statements Independent Examiners report 10 THE BOYS, BRIGADE- LONDON DISTRicr Reference and Administration Detalls for the Year Ended 31" Au ust 2024 Company Registration Number 7828055 Charity Number 1144648 Registered Office (Until 31 October 2024} Felden Lodge Felden Lane Hernel Hempstead Hertfordshlre HP3 OBL (From 31 October 2024) Wesley'5 Chapel & Leyslan Mission City Road London ECIY IAU Trustees / Dlrectors Matthew Smlth {Presidentl Edward Smithson {Secretary} Jason Close {Treasurer) Rev lan Worsfold {Chaplalnl Chrls Norman {Vlce-Presldent} James Powell (Vice-President) James Belsham James Bowman Daniel Cross Louisa Hawkes Appointed 0110912023 Matthew Konadu-yiadom Ico-optedl Appointed 0110912023 PhlllSp Norman Janice Smith {co-opted) Tom Swift Samuel Steven Appointed 01/0912023 Appointed 01/0912023 ApF)olnted 0110912023 Appointed 0110912023 Appolnted 0110912023 Resigned 3010912024 Appointed 0110412025 London Secretary I Company Secretary Edward Smithson Bankers CAF BANK Ltd 25 Klngs Hill Avenue Kings Hill West Malling Kent ME19 4JQ Investment Advisars Rathbones Investment Management I Curzon Street London WIJ 5FB Independent Examiner Nigel Porter THE BOYS, BRIGADE- LONDON DISTRicr The Trustees present their report and the financial statements for the year ended 31st August 2024. Status The Charitable company is constltijted as a private company limited by guarantee and also governed bv Memorandum and Articles of A550ciation. te The appolntment of trustees Is governed by the Memorandum and Articles of Association. Most trustees are elected by the General Meetlng but the Trustees may co-opt up to two more. The Trustees are a150 directors for the purposes of the Companies Act. Tru5tees' res onslbllltie5 and bllc bendlt The Trustees are charged with the management and supervlslon of the affalrs of the Charlty: to brfn8 an independent judgement to bear on issues of strategy, performance and resources,. and observe the highest standards of integrity, confidentiality and objectlvlty; to act in good faith in the interests of The Boys, Brigade - London Dlstrict and its members and Sn the public interest, exercise due care and diligence, and contribute expertise and experience to the work of the Charity; to promote the reputatlon and standing of The Boys, Brigade In London; to admln15ter the organlsatlon and all its assets in the interest of current, potentlal, and future beneficiaries. Ob ¢ctives Artlvltles aftd Publlc Benefft The Charivs princlpal objective continues to be the advancement of Christ's kingdom among boys and the promotion of hablts of obedience, reverence, discipline, self-respect and all that tends towards a true Christian manllness. The Charity has undertaken a number of activities in pursuit of its objectives. These have Included.. Arranglng or hostlng a number of activities for children and young people, including Palntball, Life 2 the Max and the Monopoly Challenge. Supportin8 leaders through the facilitation of tralnlng courses, as well as or8anlsing bespoke training for leaders to support their particular needs. Recognising our outstanding volunteer leaders. Engaging with other uniformed youth organisations through YOU London Working with YOU London to arrange and support events for over-11'5, including a Leadership Conference and the Lord Mayor's Show. Making grants to enable young people to attend camps and other actlvities Administrating the Jack Petchey Award Scheme Plannlngand delivering competitions, includlngcrosscountry, Ten Pin Bowlin& PR Games, Band & Drlll &the Bible Quiz. Encouraging companies & Battallons to nominate voun8 people for external recognition awards such as the Deputy Lieutenant Certificate Employln8 staff to undertake administration and development artivities, Worklng in partnership with the National Bri8ade providing support to existing members and almlng to start new BB work within Greater London. The Trustees have paid due regard to the Charity Commission guldance on public benefit in determining what activtties the Charity should undertake. Results Detai15 of the Charity's results forthe yearare shown in the financial statements. Trustees, res onsibilities for the finantial statements The law requires the Trustees to prepare the financial statements for each financial year which give a true and fair view of the state of affalrs of the Charity and of its surplus or deficlt for that period. In preparing the financial statements, the Trustees are requlred to: Select suitable accounting policies and then apply them consistently throuEh the years, Make judgements and estimates that are reasonable and prudent" State whether applicable ac¢ountin8 Standards have been followed, subject to any material departures that should be disc105ed and explained in the flnanclal statements; Prepare the financlal statements on the goln8 concern basis unless it Ss Inapproprlate to presume that the Charity wlll continue in business. The Trustees are responsible for keeping proper accountin8 record5, for safeguarding the assets of the company and for taklng reasonable Steps for the preventlon and detection of fraud and other Irregularlties should they exist. Ftnanclal CommFtments The Charitvs pollcy of achievlng a balanced budget without the need to utllise reserves is being actlvely pursued. The Treasurer continues to look at all aspects of the Charitvs finances to achieve th55, the Charity is grateful forthe financlal 5UPPOrt of all donors. Imiestment Poll and Performance The Trustees have agreed that the Investment fund be managed by investment managers. The present investment pollcy Is to balance the risk between income and capital growth subject to the risk normally assoclated with a balanced approach to portfolio management. There Is a further proviso that in50far as it is reasonably practicable Investments that confllrt wlth the Charlty's beliefs and objectlves will be excluded. The fundls invested between grovrth-orientsted securities and Investment in inu>me bearin8 securlties. Regular reports are provided by the fund manager detailing the progress and felative performance of the fund. Free Reserves Free reserves available for the use by the Charlty are deemed to be those that are readily realisable, less funds whose uses are restricted or deslgnated for particular purposes. The calculation thus excludes property and other flxed assets which will contlnue to be used In the day-to-day runnin8 of the Charlty. As a matter of policy, each year the Trustees review the value of the reserves required to be held In Investments, cash and cash equivalents not restricted for any particular purpose. The Trustees conslder the Charity's exposure to the risk of any $18niflcant loss of income and to the risk of unforeseen expendlture which cannot be mitigated byTrustee action and the degree of risk ascribed to each such event is assessed. They also revlewthe need for income from investments to malntain the day-to-day work of the Charity without eroding capltal. With incorne, a major risk is that of a decline in donations and any econorniclstock market downturn or other factors leading to a decline in legacy values and reduced income donations. Since the year end. the Trustees have been notlfled of two substantial le8acies. Budgetary and flnanclal controls contlnue to be effectlve to reduce the risk of over-expendlture and to mltigate the effect of a drop In income in any one flnancial year. It is the Trustees, pollcy not to embark upon major initiative5 wlthout commltted fundlng. The Trustees conduct an annual review of the level of reserves when 5ettin8 the budget and considers that they are adequate 8lven the general economic conditions. The Trustee5 have assessed the chari￿s income, expenditure, cashflow and reserves position and its abllity to wlthstand a material decline in incomlng resources. The Trustee5 have concluded that there Is a reasonable expectatlon that the Charity has adequate resources to continue actlvFties for the fcreseeable future. Acccrdlnglv, they contlnue to adopt the golng concern basls in preparing the accounts. Rlsk Mana enL The Trustees actI￿lY revlew the major ri5k5 which the faces on a regular basls and befEve that by malntslnln8 resetves at current levels, comblned wlth an annual review of the controls over key finandal systems will provide sufficient resources In the event Of adverse condltlons. The Trustees have also examlned other operational and buslness rlsk5 faced by the Charity and ronfirm that they have establlshed systeffs to mitigate the %￿lfi￿nt rlsks. Detalls of any chan8es in the fixed assets are shown on the attached attounts. ndent Nlgel Porte* ￿5 been appoSnted Independent examlner. Thls report ha5 been prepareil In accordance wlth the provlslons of Part 15 of the Companles Art 2006 applicable to small companles and the FRS 102. By Order of Trustees Edward S Company 9 May 2025 son retary & Trustee '.1. THE BOYS. BRIGADE- LONDON DISTrICT STATEMENT OF ASSETS & LIABiufiES Yèar End8d 31st August 2024 Inveslmfjnts InvesDi1gn￿ & Long Towrn D•pW¥ 28 66.285 Thr40 358.846 Cuffènt Assets Bpnk 12,008 12￿09 8,826 Dibb) Tot•1 Cuffant *M•l$ 12.009 12.009 8028 Cufr•nl Llèbllltlog Cr•dlws & A¢uv•li 1,OS4 1.051 N•t current 4ss•tsl(Il•bllltl•sl 10,96S 10.gSS 8.826 Tot•1 not a•••t8 or Ilabllltl•s 291.924 665BO ￿24ts 4￿￿49 J17,7Y2 Funds of the Chlrlly 298.924 298.924 44.240 66.285 409A49 257,247 44,240 88.285 367 772 R•siiiclod Furdl Oeslgnal•d- DwaS)pm•nt Fund 44240 66,285 86,285 TOTAL 298,924 44.240 TI* ¢ornpaThy w85 •nlthd 10 e¥&mpuon Irom tsudil und•r 60¢1lon 477 oflh• Coinpani•s Act 20 Yh Tr￿le•S lthno￿dg1 Ihqtr r•spoMW*sfarc{*np￿R9 lh• t•quwemnt¥ ol ihe A¢lknilh MgPBcI10 a¢¢oufttin9 re¢￿dI •nd woporait¢n ot finind•l il•temenl•. fmnckil iial•m•M8 hav• bo•Th pr•par•d In accord￿¢* knllh th• prow•lon• apF*AbL• lo ￿11110¥ vubl•cl lo lh• •ffl¥l roiThiwhs royl riAane.l￿ Sthtsmonll ￿re Op$￿0¥0￿ and •ullwrtwl l¢Jr Imue by lh* TNs1¥•i and s*nod on hh•if by. Edw•rd Jason Cb¥B S¢c¥glaryrfftysie• TrgaJur•rnTus18• 2o2r THE BOYS. BRIGADE- LONDON DISTRICT STATEMENT OF FINANCIAL ACTIVITIES Year Ended 31st August 2024 Unr funds 2024 Not•s fund6 2024 funds 20 INCOMING RESOURCES (Note 2) Donallons and Le9ad Charilable kti¥llle$ 1nvè8trn￿1 Incom 12,790 11.666 25,150 12.7 26.886 25,150 806 8.745 30.070 12.320 49.135 2b 152LKI TOTAL 49.606 15.20D RESOURCES EXPENDED (Note 3) Ra15irw Funds Ch¥rfi8bl6 Actlvity 4.833 43,498 48.332 4,833 58.698 5,508 66,542 72.060 16,2LK) 15.200 TOTAL 63,S32 I￿Orn?1(9xP•TrdItur•) b•lor• Inve$tm•nt gaIn￿{lO$S6$) 1,274 1374 {22,9151 No19atrffjllh)$888) on InvgStm•nlJ 40N02 40rt02 123.663) N•t InGom•l{expendltur•) 41,677 41. 146A781 Tran8fer8 bolwe•n funds Not mov•m•nt In fund8 41.677 41.677 (46,478) Roconclllallon of Fund8: Tot•1 fundg broughl loThwd 257,247 66,285 44,240 387.772 414.250 Fund Balances Cafflad forward 298,924 66.285 44,UO 409.449 367,772 THE BOYS. BRIGADE- LONDON DISTRICT NOTES TO THE FINANCIAL STATEMENTS Year Ended 31st August 2024 ountlng Pollcies Basls of accounting 1 a The financial statements have been prepared in accordance V4ith the Charflies Stalamenl of Recommended Pracllce (SORP FRS102) 2015 and the Charilles Acl 2011. An independent examinatlon is required under the Charllies Act 2011. Abridged finan¢lal statements have be8n filed wllh Companies House in 8ccordance with the spe¢S31 provlslons of th8 Companies Act 2006 relallng to smaller companies. Exemptlon has b8en taken from Preparing a cashflow on Ihe grounds thal Ihe Company quallfles a5 a small company. The accounts di$cb88 the operation8 of The Boys. ￿￿ade London Dlstrict, do not consolidate the activities and net assets of the Independently constiluted Battallons and Cornpanies. 1b Annual Capllatlon Contrlbutlons Conlributlons from companles are recogn18ed on a cash recelved basls. The capStatlon year runs from 1 Septembor to 31 Augu51. 1c Donatlor*, Glfts and Légacies D￿latIonS, Gifts and Legacies are all rncognlsed on 8 receivable basls. 1d Resources Expended All re$ource6 expended, induding iNecoverdble VAT. are accounted for t)n an accrual's basls le Taxatlon As a ieglstared charSty. Ihe BryJade Is exempl from corporatlon tax on Income and gains whlch are applied for charltatyle purposes. No provislon Is Iherefore made for deferred lax. 1f Fixed Assets Tangible arKI Intangible f￿ad 888ets are stated al COBI. Donallons and legacles recelved to •nable tha acqu15111on of such assèts are recognlsed In the statement of flnancial actlvtttes. These. unle88 expended wllhin the flnanclal year in whlch recelvéd, are credltod to 8 lund untll such Ilme 88 the appropriate asset has bean acquired. aftèr vthich an appropriate transf8r18 madé to the general fund. 19 Investments Investments are stated al open markel valu8 at th8 balance sheet date. wllh unreallsed gains and 105$¢g being recognisad in lh8 appropriale funds. Inveslmont Income18 brought into account on a T8caivable basis. 1 h Fund AG¢ounting Funds are accounted for In accordance with the appllc8tion8 Stated in the r•lovant nol8s for unreslricted. restrthd 8nd deslgnated funds. THE 80YS' BRIGADE - LONDON DISTRICT NOTES TO THE FINANCIAL STATEMENTS Year End&d 31st August 2024 Anatysls of Incomlng Resource8 2024 2023 Donatlons and Lagacles Donatlons Company Contributions Legacles 4.290.00 6,445.C(I 300.00 8,500.00 12,790.00 6,745.00 2b Charltable Actlvltles Tralnlng Equipment Hlre Events Granis re¢eSved: Jack Petchey Total 226.11 167.95 11,271.47 15,200.00 26,865.53 298.10 14.859.90 14.912.00 30.070.00 2¢ Inwsthient Income Bank Interest Investrnent Income 22.98 25.127.53 12.320.00 25,150.49 ￿￿00 12, TOTAL INCOME 64.806.02 49,135.00 Exp•ndlture ¢)n Charltable Actlvltle8 Unr• ct•d R strlc nds 2024 20 2024 20 Charltable Actlvltle• staff Costs Staff Expgnses Advertlslng Telephona and Intemel Computgr Sofhvare Events and Compelitlons Trophie5 and Medals Equipment Insurance Govern8nco Costs Accountanls Fee Flling Faè Administration Newslette Bank charges Jack Petchey Grant paymenls 23.311.97 603.95 397.88 119.90 $60.86 17,537.73 486.74 141.73 538.50 1,942.72 1,020.00 34.00 1.275.61 300.00 60.00 23,311.97 803.95 397.88 119.90 560.88 17.537.73 486.74 141.73 538.50 1,942.72 1,020.00 33,713,OD 280.00 280.00 18,015.00 279.00 S24.IXI 590.00 1,275.61 300.00 60.00 15.200.00 3,531.59 577,00 758.00 60.00 16,974.00 ,050.00 15,200.00 15.200.00 48,331.59 Analysed in the finandal slatsments 8S: Ralslng Funds Charilablo Acilvlks Jack Petchey Grant payments 4,833.16 43,498.43 15.200.00 63,531.69 5,508.00 49,568.00 16,974.00 72,050.00 THE BOYS, BRIGADE- LONDON DISTRICT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 2023 4. Cr•dllgrs & Ac¢rua18 Accounlan15 Fee Companios House filing fe• 1.020.00 34.ljo 1.054.00 S. Funds ¢ftbg Charlty Balance 1 S•pt 2023 Balan¢• In￿tments 31 Aug 2024 In¢omlng Oulgolng Tran5f•r trletèd F 6th London 72 Lond Blll Smokor Equlpmqnl TrAinlrwa WIIUam Ogy 163.00 1,S04.00 10.000.00 2.445,00 3,172.00 4.939.00 13,888.00 8,349.00 163,00 1.504.00 10.000.00 2.445.00 3.172.00 4,939.00 13.668.00 6.349.00 C•ntral Activlll•8 London Stoadl881 Jack Pethey awards IS.200.00 15,200. 15.200,00 5,200.00 44,240. 44,240.00 Development Funds 66,285,49 66.285.49 e6285.4 49,8 4133 40.402.41 298,923.84 Tot•1 Fund 6. 8i*ff c￿t¥ Gross wage8. $alane8 and benefils In k5nd Empb>EPs Naltonal In8w8nGe ¢0918 Perwlon pJgts 20.762.51 1.926.07 623.39 Toial 5￿ff co6* Thsf5T Avernge numb•rof I￿141m0 equival•nl •mployees in th• year.. O 7. T￿￿1¢* R•mun•ratlon During Ihg year, none ol th• tnJBtae8 r•c•lved any r•mun8r•llon or any olher ￿n+fIl8 from enyknwn•nl lh• charity. •. Tru•to• Exp•M Orn or rnor• ol the t￿￿10?5 have dairned 8X￿nSeS or had Ih•lr •xpfjng8B m•1 by Ihe charity. NumbwofTnMlees Rgknburs8m•nt ol exp￿￿5 £886,98 THE, Iloi's, BRIG.4DE - l.Oh'DON' DJSTRJCT IYDEPEI¥DFN7' EXA.MINER'.S REPORI. This the r￿d￿jaI ofTlIt BOVSV BRIGADE_ LO.NDOP* DISTfucr lor th¢ YtsrrndLxI i l A¥8￿[ 2024. sd oi ID 9 f¢5pcL'I ufatt.wNi2&1ts0n r*rftt&l m llcc¢rd¥N¢e *'rth 514$ of IhcCIMniioAci 201 i ithe Aci>. R¢¥b¢ofihe Clxritit¥.Aci IPI I1th¢ 2011 A￿￿Or￿MIErR4￿1￿0tt 1011 hdj of th¢ Chonl?esA¥1.4cCo￿nts*cStsl￿ion5j*￿dlhO[ ￿ indcpcnd￿lr1aM1D¥ts￿￿l% li 15 m> w￿•¥￿711V io., Ih¢4cwUnty￿tt￿¢r4rr￿￿l 145 vf IIK. Cliunir&% A¢: 2011 andscd drJ%kn:I Ib¢ weol Dir&1ioh6 b). ChanLV uidvsttil 143151Ibh olihe 2C*I l Acr. IQ mlt M'h¢lhet parficu&T tornj. aiieni•g* Ily fflamiftaiion ¢2rrKd ovi In Btcorda*re uitb tsi¢(ieicFt thr¢¢uon% siwLy by the Chanw Cor.mwtan¢r¥ The examinaiion the￿deS 4 iKvt£w •f 11K.)￿U￿11￿& r￿01151&pl by thc dwJN' thl a cOM￿nIn￿Or ihr pw5vM¢d K'lth thwe recoTd5 ItotW 1sKILder EoNss&Raiion ofaE> Itih mv ¢x•rthnAiion. yr.ai¢tr eot7.C 1¢ Tr." OUThivJn' ( I i ivhich y¢rs Mc rLosonable 10 kli¢i% N ip en4 Ira￿191 rEsP￿ ihc TIWIIL7f4¢711>'. io x¢tpi¢uniing r¢¢èrdi innLmnl)TrcL' with 3a6 gf IhL' ZIKVT Aei, Jrwj Io PT¢P•ft linu¢iil whKII O¢C¢Td with the auow.iiuB ye¢0￿ and wmplyu'jth of th¢ lai'o noi be¢n fftci; lowh￿h. in Jr.4 apinioty ￿Ten110n thou14E bc tha%A in proper sJn¢ftr8thTrdin8ofth¢actOU•lS lo bi w'hhth me rMonnbl¢ rause tts heiirve ilwl inartv TeJpee( thc a¢r4Junimg rttk¥ of¢ht ¢burftv's .%r&¢l 24 Sh'¥k Ro*d. Rp¢hrff¢Y. K¢hl. .IIEZ 2 io