Registered number.. 00206877 Charity number: 206655 THE GIRLS. BRIGADE ENGLAND AND WALES (A company limited by guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 *AA6UL6NN* 1710ffd021 COMPANIES HOUSE AZ4 #199 The GIRLS. BRIGADE ENGLANDAND WALES (A Company Ibmlted by tuarnntee) CONTENTS Pa8e R•fèrtnce and adm1nlstr￿lye details ol the tompany• ItsTrustets and ad¥lse Chairman's staitment Truste￿. report 5-14 Independent auditor's report on the finan¢ial statements 15-18 Consolidated statement of Ilnandal artivS1 19 Consolidatsd balance sheet 20-21 coffi￿￿¥ balan(e 5he•t 22-23 Conso1141aled Slatsmert ot cash flows 24 Not•$ to the finan¢lal staternents 25-55 THE GIRLS. BRIGADE ENGLAND ANO WALES {A company Ilmlted by Éuaraffleel REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2020 Tru5tee5 Mrsj Greengrass. Chair Mrs s aaydon Iresi8ned 6 March 20211 Mrs C De Beger Dr A Heaford Mr5 H Hepworth Mrs E Inslev Miss H Flint (appointed 22 February 20211 Mrs S Hall lappoinled 22 February 20211 Mrs C Fanawopo lappointed 22 February 20211 Mrs J Williamson Iresigned l May 20201 Company r¢glster¢d number iKJ206877 Charity reBl5teW￿ number 2￿55 Re8iHered office aiff Colle8e Cafver Hope Valley Oerby5hire S32 3XG Compjny setsètary Mrs Julie Murdy Seniw m•naiement team Mrs Julie Murdy. Director Mr Keith Brèdshaw. Finance & G¢)vernance Manager luntil Ortober 20201 Mr Alan Cafr. Finance & Governantè Manager Ifrom February 20211 Ms Catherine Burt Media Coordinator & Depury Team Leader Indèpendent auditor BHP LLP Ch3rtered Acwuntants 2 Rutland Park Sheffield SIO 2PD Bankers The Cmperative Bank p 4th Floor 9 Prescot Street London EI 86E Solicitors Anthony Collins 134 Edmund Street Birmin8ham 83 2ES Pa8e I THE GIRLS. BRIGADE ENGLANDAND WALES {Acompany Ilmlted by ¢uaramee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2020 In¥estrneTrt mana8ers Epworth Investment Mana8ement bmited 9 Bonhill Street London EC2A 4PE Page 2 THE GIRLS, BWGADE ENGLAND AND WALES IA tompanylirnited byBuarnnteel CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 DECEM8ER 2020 The chaimian presents her statement for the year. Thi5 ha5 been a year when The Gir15' Brigade England & Wale5 IGBI ha5 continued to build hope amongst thi5 Beneration of 8if15 and young women during a time ol great impart on the lives and wellbeing ol young people. The impart of the COVID-19 pandemic meant that GB had to be flexibbe and adaptable in its approaeh to the activities and setvices that we offer to churches and young people and we quickly adapted to providing new programme and resources that have enabled Birls and young WtNnen Irom all back8rounds and abilibes to enga8e with real life, tlevelop new skills and explore gospel truths to help them live lrfe to the full, whether that has been delivered face to face. online or at home. Iys a real prwileee to see how G8 leaders have adapted to new ways of workin8 ensuring that G8 not only ¢ontinue5 to ernpower Bir15 and young women to play an actNe role amon8S1 their peers, their farnilyi community and the world but during a year unlike any other experienced ourvolunteer leaders have a150 played a vital role in supporting the larnilies of our members and their local communities. Our members have raised funds for the NHS. provided car packs for key workers and food parcels for those in need in thvr communilies. G8 groups have Cont￿nued to play an important part to the outreach ol local churches. entouraging posilive social interactions and an opportunity for sharing the Christian faith with families who have needed support particulaAy in the difficult circumstances of the past year. All this would not be possible without the committed and dedKattd volunteer leaders who have encouraged and inspired éuring the past year as thevve adapted to continue to provide a safe and welcoming Christian environment that enable5 8irls to grow and flourish. despite the constraints within which they have had to operate. These arnazin8 roles models are to be celebrated and commended for their commitment to the youn8 people in theif care. This year we have continued our cornmitment to equipping our leaders for Christs'an leadership. through holding and leading national training and equipping session5 both face to face and later in the year adapting to delivering these online. Oespite the restrictions we've also been able to toniinue our commttment to dis¢iplin8 our leaders throu8h providin8 online retreats for them to engage in. Our online resource 'koko' has continued to reach girls and youn8 women helpin8 rhem to explore the issue5 affecting them and we've continued to advocate for. and with, 8irls and youn8 women on issues that matter to them. Building a picture tsl thi5 enables GB to shape Its programrne5 and tstaNish priorities to ensure we remain relevant lor this tur￿nt 8eneration. The challengin8 financial climate durine the past year has imparted tharities like G8. In order to ensure we remain financially accessible to as many 8irfs as possible the Board has continued to seek grant funding and take positive Steps to ensure continued financial 5UStainability and InC￿3$e awareness of the work of GB in both the Christian and secular world. The grants ￿Ceived from the Methodist Churth Connexional Grant Fund, Tesco Bags of Help and from the DCMS Coronavirus Community Support Fund. have played a key part in our ability lo continue to build hope lor this generation and we are very 8rateful fof their support. Page 3 THE GIRLS. BRIGADE ENGLAND AND WAiES IA company Ilmlted by guarnnteel CHAIRMAN'S STATEMENT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2020 Whilst undoubtedly the impact of coronavirus will continue into 2021. 1 expeci that G8 will c¢ntynue to provide a safe. relevanL fun and affordable place for girls to meet. We'll continue to teath new skills, empower 8irls to lead, and help them to learn more about Jesu5 and grow in faith. God will continue to be at the centre of all that we do. JoanneGTeeny355 (Jun 13. 20 .55G41T+II Mrs Joanne Green8r3$5 Chair Date.. Jun 13, 2021 Page 4 TME GIftiS' BRIGADE ENGLANDAND WALES IA Company limited by auarantee) TRUSTEES, REPORT FOR THE YEAR ENDED31 DECEMBER 2020 The Trvstees preseni their annual report toÉether with the audited finanoal ststements of the company for the to 31 December 2020. The annual report serves the purposes of both a trustees. report and a direttors, report under company law. The trustees confirm that the annual report and financial statements of the charitable company comply with the current statutory requirement5. Ihe requirements of the charitable company's 8overninB document and the provision5 of the Statement of Retommended Prartite ISORPI applicable to charities preparin8 their atttsunts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 published in October 2019. This is the annual report of Girls. BriÈade England & Wales dso operating under the name of Gids. Brigade Ministries. Since the group and the company qualify as small under section 383 of the Companie5 Art 2006. the group strate8lC report required of medium and larze companies under the Companies Act 2C*J6 IStrate8ic Report and Dirertors, Reportl Re8ula¢ion$ 2013 has been omitted. Obhti¥esandcrtlvltle5 a. Our purpose and a¢thibties Girls, Breade England & Wales IGBEWIGB En8land & Wales/G81 operating as Girls, Brigade Ministr￿e$ IGBMI has a wsion to See Lives ond communities trunsfvrmedondenrichedas indiwduots seet serve ondlollowjesvs Christ. We primarilywofk amon8 8irls and women, and In a way thatwe believe reflerts our Christian ethos= Relational in the way in whith we work iogether as teams and èmon8 those with whom we work Responsive to the needs of all whom we serye Relevant to the culture and context of todarfs communrtie& The G8 En8land & Wales. Network is also a part of Girls. 8ri8ade International IGBII. sharin8 in the world-wide vision to see Girls'lrye5 Irunslormed.. God'5 world enriched. b. fvo¥lslon of ielevani prqramme acii¥it*s The restrirtions placed upon G8's activtiies as a result of COVID-19 meant that G8 had to adapt to delNer its programme and artivities in a variety of ways including online. fa￿ to face and socially distanced, or by provision of resources to be undertaken at home with parents. GB quickly adapteé and in March 2020 began the start of 17 weeks of GB@home resourtes. With the svpport of DCMS Coronaviru5 SUPPOrt BranL the GB staff team. working together with key volunteers were able to ensure that new pro8ramme materials have been made available lor each hall term since September. to support groups to deliver in activitbes safely during the pandemic. Ge worked aloneside other vnrformed youth organisations, through Youth United Foundation. and with the National Youth Agency to ensure thai group5 were provided with Clear guidance for resumiryd face to face activitie5 when this was PO55ible. together with adaptable risk aSse￿rnents to ensure face to face artivities and gnline activities were conducted in a safe and secure environmenL adheri￿ to cov1￿19 8uidelines and ensurin8 safe8uarding requtrements were met. Page 5 ThE GIRLS. BRIGADE ENfjL4NDAND WAiES IA company lTrmited by 8Y3rantÈel TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEM8ER 2020 objecti1￿ and attivitses Itontlnuedl c. Our act1￿11¢$ dell¥er public benefrt The trustees confirm that ihey have had regard to the Charity Commission's guidance on public benefit. The Christian values upon which we base ourwork are of significant benefit to the whole sotiety. G8 is outward.lookin8 and toncemtd with the transfmnation of sotitty for the better. Our work among 8irls and women is sust•nable. holistic and life-enrichin& committed to enabling them to d￿CO¥er and live lrfe to the full. We work from, and share. a Christian Èthos and accept the reht of indNiduals to have dilfering views and beliefs. or no belief. The strategies employed to athieve the tharsvs aims and objectives ère: Partnership with churches to provide holistic mission amow gir15. children and young women Equipping lor the church in mission skills and understandir Advocary for and with girls. children and wc*men Empowerment of girls, children and W0￿￿Tr towards Christian th"scipleship. This four-fold strategy ts the basis ol the group's devdopment plan and informed ourwork in creatin8 a 5UStainability plan for 2019-2022 durin8 the past year. G8M puts these strategies into action through four major areas of artivity.. the establishing and nurture of loeal community groups (primarily for 8irls and young women). the equipping and resourcing of volunteer leader5. and the provision ol relevant programme. resources and actyvities. and the provision of a space lor new. relevant initiatives that contribute to G8M's Vision and objecti￿. to be pioneered and established. Our key actiwties thi5 year are described bel¢)w and Vèry muth focus on the transformation of livts and Communities across England and Wale5. d. Establlshlng and nurture ol local comrnynity youps GB tontinues to delNer sustainable local 8rovps for 4-8s. 7-115, 1ty14s. and 13-18s Iprimarilyl for gids run in partnership with local thurthes 3crtsss England and Walts. Argund 8.C￿ thildren and youn8 ptople are members ol these 8roup5 with over 2,(￿ volunteer leaders supporting them. In some area¥ where there is no pr(wision for boy5. G8 takes boys in trust. These groups provide rewardin& stretchin8 and positNe opponunities through which girls and youn8 women grow and develop irt eonfidente. resilietsce. wellbein& ènd life Skills. whilst developing strong Iriendships. a sense of belonging ènd havin8 8reat lun along the way. The innovative pro8ramrne materials explore current cultural issues in ways that are relevant to rhe a8es of our members. G8 mernbets may also en838e in a struttured leadership programme, which encourages leadership. communication. and team-working skills. They can also take part in the Duke of Edinbur6h'5 Award Scheme with 28 young people receiving awards. 11 at Gold level, ? at Silver level and 10 at Bronze level, despite operating undei COVID restrictions. G8's International Queen's Award that both encourage resilience. social mixin8 and innovation ha5 been awarded to 5 young women ¢)ver the year. P¥e6 THE GIRiS' BRIGADE ENGLAND AND WALES {A company Ilmiied by Èuar*te*l TRUSTEE5' REPORT ICONTINUEOI FOR THE YEAR ENDED 310ECEM8ER 2020 OWrtl¥es and adivitiès {tontin￿ed) e. Equipplng and resour¢Ye ¥olunteerleaders Muth of the work of the employed staff team at GB'S Support Centre is focused on the support and resourcing of the 2,500 plus volunteer GB leaders who w've their time, energy. skills and Christian experieAce to 8irls in local area5 around England and Wales. This support work has always been devolved to local branch leaders. and it is with this gioup that the 5UPPOrt centre has rnost involvement. The support Centre staff team provides conferences, events. telephone support arnd resource materia15 to help the organisational. spiritual and youth work skills development of GB leader5 znd grtsup5. Additionally. and importantly. the support cerstre team maintsins a GB leader and 8roups' database. the registration of leaders. and ensures appropriate standards of trainin8 and safe8uardin8 are mainiained throu8hout ihe charity- During 2020 we've had to adapt to delivering irainin8 ané equipping online and more than SSO training and equipping spaces have been filled. ensuring t17at leaders remain up to date with core 5kn115 such as safeguarding and residential event training and that new leaders C￿tInUe tL) be trained and onboarded. We have also delivered trainin8 to equip leaders io mana8ing the impaci ol loss on young people. The annual subscription to GB by I￿?1 members and 8roups is the main source of income for GB England & Wales and is used for infrastrurture and staffin8 costs of the charity. including the employed teèms. work to develop leadership resources and programme materials. Building on the mission training which GB ddi¥ered with the Methodist Church in p￿￿0￿$ years, we have continued to look for further opportunities for partnership with thurthes regzrding mission equippin& with a series of equipping events beinB lead with the Methodist Mission and Learnin8 Network over the year. f. GB Minlstrle5' iniliatb¥e5 koko IKeep on Keepin8 Onl is G8M's award-wlnnl￿d online ministry. which seeks to reach a new generation of young women. It5 regular blog5 focu5 on addre551n8 the i55ues affecting teenage 8ids. In terms of leadership and faith development we have worked on developin8 podcasts to e￿end our Esther Community amongsi 18-30s women exploring iniegrity. faith and purpose. The initial pilots have been recorded and will launch in early 2021. Despite the irnpzct of the pandernic. more than 50 women leader5 have attended GB'5 retreats during 2020 ￿lch have encgur3Bed them to grow as disciples, 8row as teams and take time io be refreshed in their roles as volunteer leaders. Page 7 THE GIRLS, BRIGADE ENGiANDAND WALES (A company limited by y3rantee} TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR SAIDED31 DECEMBER 2020 A¢hlevements andperf0rn7ft¢e ¥. Maln a¢hte¥ements of the charftable ¢ornpany The provision of quality. fun and meaningful programme and acfmty is the backbone of GB'S sustainable and life- transforming mission among children. Despite ihe pandemic. once again this year GB has provided on average three hours of direct children's and youth activity per week for 40 weeks in the year amongst 1.650 groups of local 8irls and young pegple. An estimated 120 attained awards in yguih leadership. 27 new members were registered to take part in the Duke of ErSinbur8h's Award kheme through GB with 28 receivin8 awards durin8 the year. and 5 youn8 women completed GB'S own Queen's Award. whith is GB'S highest award. 17 weeks of GB@home progrzmme materials We￿ provided for the first lockdown period. wth two further Sets of blended programff* lor delNery online, @Home or in person bein8 provided between September and December. Mission equipping remained a high priority as part of the 8uild Hope initiJtNe. with 390 attendees at our national leadership and equippin8 conferences in the year. G8 ha5 continued to respond to girls. issues and h35 featured in publ*ztions by the Evan¢elical Alliante and Premier Christianity and Youth Work as well as speaking out on UCB and TWR radio. FinGn(hl revlew •. Finanriaj revl¢w The surplus for the year was £50.75112019.. £97.969- after a prior year adjustment redutin8 it by £20.C(K)I made up of £41.09912019.. £116,264) from un￿$trI￿ed funds and £9.65212019-. £1.7051 from ￿$tricted funds. Funds total £689.878 12019.. £639,127 after a prior year adjvstment reducin8 It by £20.CO)I comprisin8 of unrestyirted funds of £55,98512019." £14,886) and restrirted fund$ 01£633.89312019". £644.2411. Once again GB'S income has largely been drawn from membership sub5cript1L￿s. which for the 12 rnonth period to 31 December 2020 was £316.577. but ihis has been augmented this year through having been funding from the Methodist Church Conneyional Grants funding for MissioTr and Ministry and DCMS coronawnts funding. The provision of 8rants shows the value placed upon the work of G6 ertemally. As a charity we're 8rateful too to individual donors who support our missKJn either through one-off donations Of through regular giving to ihe tharity and have been pleased to see those connetted to GB respond tts our 'coffee cup challenge. increasing the number of rtgulat donors to work. Steps have continued to be taken to address the fvndin8 8ap durin8 the year included reducin8 overheads and staff tosts and realigning roles and reSpOn￿bIlIties. The board has tlosely monitored the impart of COVID-19 and delwery against the sustainability plan. Pa8e 8 THE GIIUS, BRIGADE ENGlAfv￿ AP4D WALES IA company limlted by 8uaranteel TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED31 DECEM8ER 2020 b. Investmenis pty*ers and ptslicv The tnJstee5. having a keen awareness of the need for GB to balance operational liquidity and stable growth of investments, benefited from the serwces of Epworrh In¥e5trnent Mana8ement Sery1￿ a8ain thi5 year. Aims and parameters for the portfolio are well estsblished. and we retefft a quartèrly ￿rfOrMance report in order to enable timely MoTritori￿ and control of this imprrtant issue. The aims and parameters for the year were estzbli5hed in Odober 2002 for un￿tricted funds as follow5.' To achieve a balance of capital grts￿h and current intome. In¥e5tment parameters art set for ihis as follows.. Equitie515fy70%1- Fixed interest130-50%1. Some funds were kept in intere5t-bearing deposit atcountsto provide attess as needed lor cash flow management. t. Going conterh The trv5tees have continued to monitor GB En8land & Wale5' financial position throughout the past year and in parttcular the impart of COVID-19 on its attivities and income. The 5UStainability plan developed in 2019 is providing GB with 8uidin8 Steps towards a more svstainable future and despite the impact of COVID-19 GB has increased the number of regular donor5 ahead of the tsrget for 2020. In addtthon fttndin8 was secured through DCMS Coronaviru5 Support Fund, administered by the Lottery Community Fund which has helped GB to provide blended programrne resources to enable its local community 8roups to continue to offer online and offline services during the pandernic and explore online ways of providing core iraining to volunteer leaders. Intreasing regular donors to the work of the charity alongside seekin8 further 8rants for projecis to redvte reliante on 5ubstripts.on income will continue to be needed as we emerge from the pandemic and will provide 5upporr white the or£￿1$ation continues to develop sustainable levels of re8ular income from members and other activities. The trustee5 are Continuing to take Steps to ensure that the organi5ation and its serrices are shaped to 5UPPOrt the current needs of benefioaries and the Iran51tion to online delivery of some services will bring about some cost savinE5 and effioenoes in delivery. The trustees have prepared forecasts of income and expenditure and cash flcvw for a period of 12 rnonths frorn the date of approwng these financial statements which sht)w the 8roup has sufficient funds to be able to continue in operational existence. These forecasts are based upon cuifent known income and assumptions for future incorne generation that take account of the uncertainty a5 we emerge from the pandemic. The trustees believt that their lorecasts for the 8roup have been preparèd on a Prudent basis and have been subject to realistic sensitivity checks. It is for this reason that they believe it is appropriate to Prepa￿ the financial ststements on a 80in8 concèrn ba%s. Page 9 THE GIRLS. 8RIGADE ENGLAND AND WALES IA company Ilmlted by guarantee) TRUSTEES, REPORTICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2020 d. Reserves poli Reserve5 are needed to bridge the gap between the spending and fecewing ofincorne and to cover unplanned emergenty expenditure. The trustees consider the ideal level of reserves at 31 Oecernber 2020 should be in the ra￿e of three to six months cover of annual charitable expenditure which gives a target of £132.[￿] to E265,CQO. Defined by the Charity Commission a5 uftrestrirted funds available to spend on the general pufposes of the charity, but not yet spent. tommilted or tlesignaied. the free reserves hdd by GB En8land & Wales at 31 December 2020 comprised the fdlowing.. Total consolidated funds per Balance Sheet IGroupl Less.. Restrirted funds Pension reserve- unrestricted lunds Fixed assets- unrestrirted fund5 689.878 1633,8931 123.001 131.7011 Free reserves 147.285 The trustees reco8nise that current reseThes are at the lower end of their aspirations. Durin8 the coming year the Board will be reviewing costs as well as looking into options to in(￿aSe regular gNin8 and identify other sources of intome to increase the level of reseryes. *. Grant-makingfunds The Holcot Fund Imatilda Alice Hubbard Trust 2(K)11 was estsblished following the sale, in 2C￿l, ol a property IHolcotl originally donèied to GB by Matilda Altce Hubbard_ Within the tern￿ of the Trust. the criteria for grant support 15 to provide or assist in the provision of holiday or residential event accommodation for members to a5SlSt in their training. Grants awarded from this irust are adMiniste￿d centrallyt throu8h a written applitab.on process. An annyal report of applications and awards is made to the trvstees- 29 aw*ds were given irt the year. Page 10 THE GIRLS, BRIGADE E￿￿lANDAN0 WAiES IA company Ilmited byyaranleel TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 310ECEM8ER 2020 f. Plans tor future periods As GBM transltions into 2021 it wll continue to SeeL Serve and Follow Christ. Our focus will be on recovery and growing hope as we emerge from the l￿dOWn restrittions of the previous year. owini strong loundation Equippin8 our people for their roles using a nefvlork ol volunteer trainers. Providing resources for growth & sustèinability of groups. Rollout of GB Manager. a database to support the administrative processes onboarding of both volunteers and members. Improvin8 our financial sustainability by iTrueasin8 the number of regulardonors, wtsmittin8 re8ular fundin8 brds an(J providing fundraisin8 adthce and support to l¢xal 8roups. GrowlngSpSrltu• As an organisation motivated by our Christian faith. disci￿eShiP of our Volunteers and members 15 a key component of all that we do. We will do this thrw8h Worship and eouipping sessions ai our leaderconferentes throughout the year. Throueh an online retreat time at the Summer Conlerence. For young people through provision of programme materials that enable them to explore the Christian faith such as our Approach Easter resources. Our online resources Incluéin8 the Esther Collective podcasts anLI koko. Growing knpe for Gids and Womert Advocatin8 lor and with 8ids and youn8 women on areas that are disempowerin8 or unjust. Continuing to sharin8 the work of GB Minisirie5 externally particularly siories and social artirm activitles Providing a con￿xtUallY relevant programme. adapted to delivery across different contexts as we emerge from the pandemic. Schools work pilot restart. Throu8h delivery of a volunteer and member recruitment campaign. pro¥iding physical and elertri)nic resources that support growth of loc318rovps Lwer the next 12 to 18 months. st￿rtUre. qoverrtonce ondmonooement . G￿emOns dotumènt The Girls, Bri8ade England and Wale5 is registered as a charitable company limited by guarantee, governed by its Memorandum and Arttrcles of Assooation dated July 2017. It is re8iStered as a charitywith the Charity Commission. Members of the Girls, 8rigade England & Wales 8oard are the Company Members and, in the event of the Company being wound up, the liability of eath member is limited to a maximum of £1. b. Appoinimert of Tr￿￿ee$ GB is Bovemed by a board of trv5tees who serve for a three-year period renewable for one further. consecutNe, tem. Page 11 THE GIftLS' BRIGADE ENGiANDANDWALES IA company Ilmlted by iuarantsel TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2020 Slructsre. lo¥ernance and management Icontinutdl c. Retruitmeni and train￿¢ olTwstees In order to mzintain a mature and well-equippEd trustee board. inforynation abovt the role. responsibilities and skills needed for board membership is made available to all GB member& Onte a trustet has been appointed they reteive induthon training. This 15 the responsi￿lIty of the leadership staff team and alsg involves peef 5UPPOrt. Indudion cover5 issues such 35 the roles and responsibilities of trusteeship and introduciion to the strategic and spiritual objetti¥es ol the organisation. Further trainin8 is olfered on an on80in8 basis. Members of the Board are provided with relevant perioditals re8ardin8 their role and encouraged to subscribe to eood govefnance prartite jouma15 and websites. In *Sdition the trustee board members regularty dedicate time to strategic direaion and refflection. d. Or8anlsation The board comprtses a rnaximvm of 10 trustees. Membership is determined as follows.. Up to four representatives elected by the GB En￿and & w￿e5 Network Executive. The honorary treasurer shall b? one of these members. Up to six other persons. independent of GB make up this number. The board rneets three times in the year. although other meetings may be called if required. and work corporately to govern the movement and appoint standin8 groups for speofic purposes. cur￿ntlY the standing 8roups are G8EW Network Executive, personnel, linance and risk. Each of these 8roups look at their areas of responsibility in de￿11 and report to the board during the year. The director of Girls. Brigade Minisffies is appointed by the board to manage day-ttrday operatSon of the group charity. This person has delegated authorEty for Strategic and operational matter5 induding finance. ernployment and artivities in pur5111t of GB'S strategic 8oals. e. Relat*d partle5 and Covoperallon with other organisalio None of the trustees receive remunerati¢)n or other benefit from their wwk with the charity. Afty tonnettion between a trustee or senior manager of the charity with an organtsation used by the charity must be disclosed in the same way as ny other contrartual relationship with a ￿lated party. No suth tran53Ctions We￿ reported within this perSod outside of the group as detailed in note 32. f. Fundrzisint standards iThforniat•tin Girls, Brigade En8land & Wales is not cvvrently re8iStered wtth ihe Fundraising ReBulator. During the year we have not appointed any professional fundraiser to 51tpport the work of the th3rity- G8 is registered with Give a5 You Live and our supporters are able to raise éonations for our work through ihis. G8 is also registered with Amazon Smile an¢S Facebook. During 2018 we implemented processes to ensure that we were compliant with GDPR ensuring that friends and membeis are able to indicaie their preference includin8 whether they tan be contscted for fundraisin8 purpose5. During the year we have encouraged those connected with GB to participate in the coffee cup thallenge and become re8ular tlonors to our work. Wè have received no complaints in relation to fundraising attivities. Page 12 THE GIR15' BRIGADE EP4GL4NDANDWALES IA company lirnlt¢d by guar•nteel TRUSTEES, REPOR T {CONTINUED) FOR THE YEAR ENDED310ECEM8ER 2020 Structurn. Bo¥emance *xl mana¢em￿t lcontinuedl . Pay policy for sèniorstaff The board of dirertors. who are the charitvs trustees. and the senior management tearn comprise the key management personnel of the charity in charge of direttin8 and controllin& running and opeiating GB on a day-to-day basis. All directors give ol their time freefy and no direttor re￿Ived remuneraiion in the year. Details of directors. expense5 and related party transactions are disclosed in ngte IS and 32 to the atcounts. The pay of the senior staff is rewewed annually and nomially increased in accordan￿ with cost of livin￿in+latIOn levels. In view of the nature of the charity, the directors benchmark aBainst pay levels in other Christian charities ol a similar nature and size, and similar roles in the geographit area of the repjstered office. h. Rlsk management The trustees have a risk management stratw. which comprises: An annual review ol the principal risk5 and uncertaintie5 that the tharity face5." The establishment of policies. systems and procedures to mitigate those ri5k5 identified in the annual review,. and The implementation of procedure5 designed to min9mise or manage any potential impact orj the charity should those risks materialise. This work ha5 identified that financial sustsinability and the impact of COVID-19 have been the major financtal risks for the charity. A key element in the management of finanoal risk has been the development of the sustainability plan. a re8ular review of available liquid funds to settle debts as they lall due. regular attendance to bank reconciliation and other financial management discipline5. artive mana8ement of debtor and creditor balanct5 to ensure sullicient working capital by the charity. and the stritt control ol expenditure. Attention has also been locused on management of non-h"nanoal risks arising from issues suth as COVID-19, safeguardirtg and first aid. COVIO seeure risk assessments were completed lor those workin8 at the GB Support Centre durin8 2020 and the development of good guidance and risk assessments for the local cornmunity groups lor face to face and gnline delivery. The local 8roup risk assessments have been approved by the local partner church and GB nationally to ensure the safety of volunteers and members. G8 has also been workin8 on revising key policies, procedures and guidante contained within Life to the Full. A new ve￿On of b.fe to the Full was issued irt March 2021 with updates to key policies and procedures. Refresher traini￿ has ￿eTr tsknng plate volunteer leaders havo been asked to review the updates to ensu￿ consistency of good prnctice.. Pa8e 13 ThE GIRLS, BRIGADE ENGLANDAND WALE5 IA cornpany limited by y￿ra￿tel TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2020 Staternent of Trustees. responybi The Trustees (who are also the direttors of the tharitable company for the purposes of company lawl are responsible for preparing the Trustees, report and the financial Statements in accordance with applitable law and United Kingdom Attounting Standards Iunited Kingdom Generalty Ar￿pted Accountire Practi￿1. Company law requires the Trustees to prepare th"nanoal statements for eath financial year. Under company law, the Trustees mvst not appr¢)ve the financial staiements unless they are satisfied that they Eive a true and fair view of the state of affairs of the Group and the company and of their incoming resources and application of resources. inclydin8 their inwme and expenditure. for that period. In preparing these financial statements. the Trustees are required to: select suitable accounting policie5 and then apply thern con5i5lently.' observe the methods and principles of the Charities SORP 2019 IFRS 1021.. make judgments and accounting estimate5 that are re350nable and prudent- state whether applicable UK Acco&tntin8 Standard5 have been followed, subject io any material departures disclosed anttt explained in the finanoal statements.. Prepa￿ the financial statements on the 80ing con￿rn basis unles5 it is knappropriate to presume that the Group will coniinue in operation. The Trvstees are responsible for keeping adequate accountin8 records that thsdose with reasonable accuraty at any time the f¢nancial position of the Group and the company and enable them to ensure that the financial statements comply with the Companies Act 20C6. They are also responsible for safeguarding the assets of the Group and the charitable company and hence for takine reasonable steps for the prevents.on and detection of fraud and other irregularities. Dixlosure of Inforniatlon to auditor In so far as the Trusiee5 are awa￿.. thwe is no relevant audit information of which the charitable eroup's auditor is unaware. and the Trustees have taken all the steps that they ou8ht to have taken to make themsefvts awa￿ of any relevant audit information and to establish that the auditor is aware of that information. Audltor The auditor. 8HP LLP, has indicated their willinÈness to continue in offKe. The designated Trustees will propose a motion reappointing the auditor at a meeting of the TruMee& Approved by order ol the members of the board ofTrustees and 5i8ned on their behalf by.. 9..55fyIT+ll Mrsj Greevwass Ichair ol TnJstees1 Oate". Jun 13, 2021 Page 14 THE GIRLS. BRIGADE ENGLANDANDWAiES IA £omp•ny lirnited tyiuaranteel INDEPENDENT AUDITOR'S REPORTTO THE MEMBERSAND TRUSTEES OF THE GIRLS. BRIGADE ENGLAND AND WALES Oplnlon We have audited the financial statefflents of The Girts. Bfigade £￿and and Wale5 lthe 'parent charitable company'l and its subsidiaries Ithe'8roup'l for the year endetl 31 Oecember 2020 which tomprise the consolidated statement of financial activitie5, the consolidated balance sheet. the ¢ompaAy balance sheeL the consolidated statement of cash flows and the related notes. including a summary of significant accounting poliae5. The finanaal reporting framework that has been applied in their preparation is applicable law and United fin8dom A¢cwntin8 Standards. including Financial Reporting Standard 102 Yhe Financial Reporting standard applicable in the VK and Republic of Irelané, Iunited King41om Generally Attepted Accounting Practice). In our opinion the linancial ststemtnts= give a true and fair view ol the state of the eroup'5 and parent charitable tompanvs aflairs as at 31 Detember 2020 znd of the group's intomifig resources and application of resources. intludin8 It5 intome antl expenditure for the year then ended.. have been piopèdy prepared in accordance with United Kingdom GeneralfyAtcepted Actounting Practice.. and have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Aet 2011. asis lor opin5on We condurted ovr audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are lurther described in the Auditor's responsibilities for the audit of the financial statements section of our report. We a￿ independent of the group and pareni charitable company in accordance with the ethical requirements that are ￿levant to our audit ol the financial statements in the United Kingdom. includin8 rhe Firsancial Reporting Council's Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit ewdence we ha¥e rtitsined is sufficient and appropriate to provide a basis for our opinion. Conclusions to toinB concern In autliting the financial staiements, we have conduded that the trUs￿s, vse of the going toncern basis of accountSn8 in the preparation of the financial statements is appropriate. Based on the work we have performed. we have nol identified any material uncertainties relating to events or conditions Ihat, indiwdually or collettrvelvt may cast s¥nificant doubt on the group's or the parent charitable company's ability to continue as a goin8 concern for a period of at least hvelve month5 from when the financial statements are authorised for 155ue. Our responsibilities and the responsibilities of ihe trustees with respect to going concem are tlescribed in the relevant sections of this report. Page IS THE GIRLS. 8RIGADE ENGLAND ANDWALES IA company Ilmlted by euaranteel INDEPENDENT AUDITOR'S REPORTTO THE MEMBERSAND TRUSTEES OF THE GIRLS, BRIGADE ENGLAND AND WALES ICONTINUEDI other Informatoon The other information comprises the inforniztion induded in the trurtees. report. other than the ftnancial statements and Our auditor's report thereon. The trustees are ￿pOnsIble for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicit￿ stated in ouf rèport. we do not expres5 any fomi of assurance conclusion thereon. Our responsibility 15 to read the other inforniation and. in d￿ng so. consider whether the other information 15 materially inconsisteni with the linanoal statements or our knowledge obtsined in the audit or otherwise agpears to be materially misstated. If we identify such material inconsistenoes or apparent material misstatement5. we are required to determinè whether this gives rise to a material misstatement in the financial statements thern5efvp5. If. based on the work we have performed, we conclude that there is a material misststement ol thi5 other infornialion, we are required to repgrt that fact. We have nothing to report in this regard. Oplnion5 on other matters presuibed by the Comp￿leS Aci 21M In our opinion. based on the work undertaken in the tourse ol the audit= the information #Nen in the tnJstee5' report (incorporating the dirertors. report) for the financial year for which the finanual Statèments are prepared is con515tent the finanoal statements. and. the directors, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of our knowledge and understsndin8 of the 8roup and pèrent charitable company and its environment obtained in the course of the audil. we have not identified material misstatements in the directors. report. We have nothing to report in respett of the followin8 matters in relation to whith Companies Act 2LXJ6 and the Charities Act 2011 require5 US to report to you if. in ovr opinion.. the parent charitable company has not kept adeqvate and suffioent accounting records, or returns adequate for our audit have not beeA retei¥ed from branches not visited by vs.. or the parent tharita>le tompany financial Statements areffjot in agreement with the atcounting retords and returns- or tertain disdosures of directors, remvneration 5peofied by law are not made.. or we have not received all the information and explanatyons we require for our audit,. or the trustees were not entitled to prepare the finanoal statements in accordance with the small companies. re8ime and takt advaniage of the small companies. exemptions in preparing the directors, report and from the requirement to prepare a strategic reporL Page 16 THE GIRLS, BRIGADE ENGLANDANDWAiES IA company Ilmtted by ¢uaranteel INDEPENDENT AUDITOR'5 REPORTTO THE MEMBERSANDTRUSTEES OFThE GIRLS, BRIGADE ENGLAND AND WALES ICONTINUEDI Respons*llltbes ottwstees As explained more fully in the trustets, responsibilities StatemenL the trustee5 Iwho are also the d1￿ctOrS of the parènt charitable company for the purposes of company lawl are ￿SponSible for the preparation of the financial statements and lor bein8 5atislied that they 8ive a true and fair view. and for such internal control as the trustees determine is necessary to enable the preparation of finanual statements that are free from material misststemenL whether due to fraud or error. In preparing the finanoal ststements, the trustees are resp¢)nsible for assessin8 the group's and the parent charitable company's ability to continue as a going concem. distlosin& as applitable. matters related to going concern and using the going toncern basis ol attounting unless the trustee5 either intend to liquidate the Broup or the parent charitable company or to cease operations. or have no realistic alternative but to do so. Auditoes respon51blllties for the aydll of the finandal slatements We have been appointed avditor under ihe Companies Act 2￿6 and section 151 of the Charities Act 20113ntl report In accordan￿ with those Acts. Our objectives a￿ to obtain ￿8$Onable a55urance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in actordance with ISAS IUKI will always detect a rnaterial misstaternent when it exists. Mi55tatements can arise frgm fraud or error and are considered material il. Individual￿ or in the a88re8ate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these fin￿la1 statements. Irregularities. including fraud. art instances of non-eomplianee wth laws and regulation5. We design procedures in line with our respDnsibilitie5. Outlined above. to detect material misstatements in respect of irregularities. includin8 fraud. The specific procedures for this en8a8ement and the exteni to whith our procedures are capable of detecting irre8ularityes, including fraud is detailed below.. l. We gained an understanding ol the le8al and re8ulatory framework applicable to the group and the sector in which it operates. and tonsidered the risk of such ￿gulatIoNs. induding Iraud. We designed audit pr¢xedvres to respond to the risk. 2. We focused on laws and regulations relevant io the 8roup which tould 8Ne rise tg a rnaterial mi5Staternent in the financial ststements. Our testing included di5cvssions with management. trustees, and those staff with direct responsility for the compliante of laws and regulations. We alsts reviewed legal expenses. 3. We addressed the risk of mana8ement override of internal controls. including the te5tinE of journals and review of the nominal ledger. We evaluated whether there was evidence of bias by management or the tru5tee5 that represented a risk of material misstatement due to fraud. Because of the inherent limitations of an audit. there is a risk that we VAII not detert all irregularities, intluding those leading to a material misstatement in the financial statements or rTron-cofflpliance with regulations. fhis risk increases the more that compliance with a law or regulation is ￿MOVed from the events and transattions refleced in the financial statements. as we will be less likely to ￿cOMe aware of insiances ol non-compliance. The risk is also greater regarding iire8ularities occurrin8 due to fraud rather than error. as fraud Invo￿ intentional concealmenL forgery. collusion, omission or misrepresentation. Pa8e 17 THE GIftiS' 8WGADE ENGLANDAND WALES (A company Ilmlted byyarantsel INDEPENDENT AUDITOR'S REPORTTO THE MEMBERSAND TRUSTEES OF THE GIRLS, BRIGADE ENGLAND AND WALES ICONTINUEDI A further description of our responsibilitie5 for the audit of the financial statements is located on the Financbal Reporting Countil's website at-. www.fr onsibili . This dèstription fornispart of our auditorfs report. Use of our ￿port This report is Mède solely to the charitable company's members, as a body. in accordance with Chapter 3 of Part 16 of the Companie5 Act 20L%. and to the charitable company's trustee5. as a body. in accordance with Part 4 of the Charities (Accounts and Reports) Re8ulation$ 2C4)8. Our audst work has been underraken so that we might state to the charitable cornpany's members and its trustees those matters we are ￿qUired to state to them an auditor's report and for no other purpose. To ihe fullest extent permitted by law. we do not accept or assume responsibility to anyone tsther than the charitable company and its members. a5 3 body. and the charitable Company'5 trustees as a body for our audit work. for this report. or for the opinions we have fornieé. 4e LLf Jane Marshall (Jun 14, 202113.44 GMT+ll Jane Marshall {Senlor sMutory auditor} for antl on behalf ol BHP LLP Chartered Accountants Statutory Auditor 2 Rutland Park Sheffield SIO 2PD Date.. Jun 14, 2021 Pa8e Ig THE GIRLS. BRIGADE ENGLAMD AND WALES IA tompany limittd by8uaraiiteel CONSOLIDATED STATEMENT OF FINANCIAL A￿1VITIEs IINCORPORAllNG INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEM8ER 2020 As restated Total funds 2019 Restrlrted fund5 Totsl fvnds 2020 lunds 2020 Income from: Donations and legaties Charitable artivities Other trading artivities Investments SIN57 322.wj 33.752 118.1( 19.351 169557 341.720 33,752 4.971 35I13 284.494 424.240 115,844 5,532 900 lJ27 Other income 35.813 Totsl incorne 447,035 138.778 S85￿13 83LOIO Expenditure on: Raisin8 funds Charitable activities S3M* 351.784 53.008 489.495 112.489 633.623 io 137.711 Total expefidlture 404.792 137.711 541503 746.112 Net Income bèfore Ilosses)18ains o In¥esiments 42243 1.067 43,310 84.898 Net Ilosse5llRains on lnvestrnents 11.144) 8.585 7,441 13.071 Net rno¥*ment in funds 41.0 9.652 50,751 97,969 Reconuliation of fund5: Total funds brought forward as preYiou5ty stated 14A86 644241 120.IXIOI 659,127 120,0001 541,158 Prior year adjustment 23 Total funds brought forward a5 restated Net movement in funds 14J86 41.099 624241 9.652 639,127 50.751 541.158 97.969 Total fvnds carried forward 55385 633￿93 689,878 639.127 The Consolidated Statement of Financial ArtNities indudes all gain5 and losses re¢o8nised in the year. Pa8e 19 THE GIRLS, BAIGADE ENGLANDAND WALES IA companylimiied by guarantrel REGISTERED NUMBER: CK1206877 CONSOLIDATED 8ALANCE SHEET ASA T31 OECEM8ER 2020 As ￿Ststed 2019 2020 Flxed assets Intangible assets Tangible 355Èts Investments 16 26250 5A51 179.961 35,0 3,620 214.520 17 18 211.662 253,140 Current assets Stotks 19 32.￿9 70,742 635.965 37.245 32,512 581.812 Debtor5 20 Cash at bank and in hand 651,569 Creditor5.' arnount5 falling due within one year 21 1166.4871 1146.7431 Net curyent assels 572.289 504.826 Total assèts less cuffent liabililies 783.951 75?,966 Creditors.. amounts fallin8 due after more than one year 22 {51.0731 1118.8391 Total nèt assets 689A78 639.127 Charity funds Restricted funds 24 633￿93 624.241 Unrestricted fvnds Unrestricted funds exdudin8 pension asset Pension reserve 24 178.986 (123.lJ)11 161,725 1146.8391 24 Total unrestricted funds 24 55.985 14.886 Totsl fvnds 689.878 639,127 Pa8e 20 ThE GIRLS, BRIGADE ENGLA￿ AND WALES {A company limited by guarantee) REGISTERED NUMBER: CKJ206877 CONSOLIDATED BALANCE SHEET {CONTINUEDI ASAf31 OECEMBER 2020 The Trustees acknowledge their responsibblities for Complyin8 Wlth the requirements of the Act with respect to accounting record5 and preparation of financial statements. The finanoal statements have been prepared in accordance wilh the provt5ions applicable to enty.tses subject to the small companies re8ime. The financial statements wtrt approved and authorised for ￿sue by the Trustees and ygned on their behalf by.. Joanne Greon8rès5lJun 13, Mrs J Green8ra Ichair of Trustees) Date.. Jun 13, 2021 1 19.'55 GMT*Jl The notes on pases 25 to 55 lorm part of these finanoal ststemen Paee 21 THE GIRLS, BRIGADE ENGLAND ANDWALES IA company lirnited by guaranieel REGISTERED NUMBER.. 00206877 COMPANY BALANCE SHEET AS A T31 DECEM8ER 2020 As restated 2019 2020 Nole Fixed assets Intsngible a55ets Tangible assets Investments 16 26,250 5.451 179.%2 35.IXKI 3.620 214,521 17 18 211.663 253.141 Cwrrènt assets St¢xks 1.732 143.165 589.424 1,760 121,478 535.706 Debtors 20 Cash at bank and in hand 734J21 658,944 Creditors.. amounts fallin8 due within one year 21 1162.0981 1147,7951 Net current assets 572223 Sll.149 Total assets less furrent l￿bIlitIeS 783M6 764,290 Creditors.. amounts falling due after more than one year 22 194W31 1118.8391 Total net assets 689113 645.451 Charityfunds Restricted funds 24 633J93 624.241 Unrestrirted funds General funils 24 96.897 71.152 Revaluation resèrve 86,519 Unrestricted funds extludin8 pensi¢￿ liability Pension reserve 24 178.921 168.049 1146,8391 24 Total unrestrirted fund5 24 55.920 21,210 Total fvnds 689A13 645,451 Pa8e 22 THE GIRiS' 8RIGADE ENGLANDAND WALES IA company Ilmlted by yaranteel COMPANY BALANCE SHEEf ICONTINUEOI AS A T31 DECEMBER 2020 The Trustees acknowledge their responsibilities for complying with the requirements of the Art with respect to accountin8 records and preparation of financial statements_ The financial statements have been prepared in accc￿ance with the provisions applicable to entities subject to the small companie5 regime. The tharitable cornpany has taken 3dvantage of the txtmption allowtd under section 408 of the Companies Art 20C6 and has not presented its ¢)wn statement of financial acliwtie5 in these financial statements. The surplus for the year for the charity only is £44.36212019.. £124.6131. The finzncial st*ernents were approved and authorised for ￿sue by the Trustee5 an(1 si8ned on their behall by.. Joa•neGreengrass (Jufi 13. 2119.'55GMT411 Mrs J Greengrass Ichair of Trustees) Date.. Jun 13. 2021 The notes on pa8es 25 to 55 form part ofthese finantial statements. Pa8e 23 THE 61ftLS' BRIGADE ENGLANOAND WALES {A Company limited bytuaranteel CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDS031 DECEMBER 3020 2020 2019 Cash flows from operatlne arti¥itses Net cash used in operatin8 activities 27 10.663 52.207 Cash flows frorn investing artlvltles Diwdends, interests and rents from investments Purchase of fixed assets 4.971 5,532 135.2051 Proceed5 from sale of investments 42.IJOD Net cash provlded by/{used In) Itwe5tlnz activlr 43.490 129.6731 Cha￿t in ￿$h and osh *4ui¥alents in tht ￿ar 54,153 22.$34 Cash and cash equivalents ai the be8inning of the ye 581A12 559.278 Cash and cash t4uivalents at the el￿ of the ￿ar 28 635.965 S81.812 Page 24 THE GIRLS. BRIGADE ENGLANOAND WALES IA company Ilmited byiuaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 310ECEMBER 2020 Gtneral inlormation The charitsble company 15 a company limited by guarantee. The members of the company are the Trustees named on pa8e l. In the event of the tompany being W￿nd up. the Irability in respect of the guarantee is limited to £1 per member of the company. Atto￿t*￿ ￿l(leS 2.1 8qstsoJprepqmtion oJfinqnriolstotenxnts The finantial staiements have been prepared in acttlrdanee with the Charities SORP IFRS 1021- Attounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Flnancial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 issued in October 2019. the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Att2C#J6. The Girls, Brigade England and Wales meets the definr(ion of a publit benelit entity under FRS 102. Assets and liabilitie5 are initially recognised at historical cost or transaction value unless othe￿ise stated in the relevant accounting policv. The ¢onsolidated 5tstemeni of finanoal aaNities ISOFAI and ujnsolidated balance sheet consolidate the rinancial statements ol the Group and its subsidiary undertsking. The resvtts of the subsidiary are tortsolidated on a line by line basis. The Group has taken advantage of the exemption allowed under section 408 of the Companies Act 20C6 and ha5 not presented its own staternent of linanual aCti￿t*S in these financial statements. 2.2 Goiw co￿eM The group generated an overèll surplus for the period of £50.751 and at 31 Detember 2020 the group had free reser¥es of £147.285. The trustees have continued to Monitor GB Eneland & Wales. finantial position throughout the past year and in particular the impart of COVID-19 on its acfivilies and income. The sustainability plan developed in 2019 is providing GB with guiding steps towards a more 5UStainable future and despite the impart of COVIO-19 G8 has increased the number of re8ular donors ahead of the target foi 2020. In addition fundin8 wa5 secured Ihrou8h DCM5 Coronawrus Support Funé. adrnini5tered by the Lottery Community Fund which ha5 helped GB to provide blended prceramme resources to enable its local community group5 to continue to offer online and tsffline services during the pandemic and explore online ways of providin8 tore training to volunteer leaders. Increasin8 regular donors to the work of the charity alont5ide seeking further 8rants for projects to reduce reliance gn subscripiion income will continue to be needed as we emerge from the pandemic and will provide support while the organisation continues to develop sustainable levels of regular income from members and otheractivities. The trustees are continuing io take steps to efisure that the orÉanisatitsn and its services are shaped to 5UPPOrt the current needs of beneficiaries and the transition to online delNery of some service5 will bring about some cost savings and efficiencies in delivery. The tyustees have prepared forecasts of income and expenditure and cash for a perit)d of 12 months from the date ol approving these finanoal statements which show the 8roup has Sufficient fund5 to be able to continue in operational existence. These forecasts a￿ based upoft current known ineome antl assumptions Page 2S THE GIRLS. 8RIGAOE ENGLANDANO WALES IA company Ilmited bYE￿lantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOEO 310ECEIA8ER 2020 A¢¢ountlhg Olcies {cont6nuedl 22 Gwnq (on¢em l