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2024-12-31-accounts

Registered number: 00206877 Charity number: 206655

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

CONTENTS

Page
Reference and administrative details of the charity, its Trustees and advisers 1 - 2
Chair's Statement 3
Trustees' report 4 - 11
Independent examiner's report 12
Statement of financial activities 13 - 14
Balance sheet 15 - 16
Statement of cash flows 17
Notes to the financial statements 18 - 46

Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024

Trustees Mrs A Allchorn
Ms C Boxall
E Brailsford,Chair from 5 July2025(appointed 5 July2025)
Mrs S Fagg
Miss H Flint
Mrs J Greengrass,Chair until 5 July2025(resigned 5 July2025)
Mrs S Hall
Mrs A Palmer(appointed 26 February2024)
Mrs S Parkin
Mrs D E Thomas(appointed 26 February2024)
Company registered
number
00206877
Charity registered number
206655
Registered office
Cliff College
Calver
Hope Valley
Derbyshire
S32 3XG
Company secretary
Mrs Julie Murdy (resigned 4 May 2024)
Mrs Judith Davey-Cole (appointed 4 May 2024)
Senior management team
Mrs Julie Murdy, Director (resigned 17 January 2024)
Mrs Judith Davey-Cole, Chief Executive (from 18 January 2024)
Miss Catherine Burt, Deputy CEO (resigned 31 August 2024)
Mrs Jess Gill, Operations Manager (from 1 September 2024)
Ms Eleanor Harding, Comms and Media Manager (from 5 February 2025)
Mrs Sheryl Meakin, Finance Manager (from 1 September 2024)
Accountants
Rachel Heath FCCA DChA
BHP LLP
Albert Works
Sidney Street
Sheffield
S1 4RG
Bankers
The Co-operative Bank plc
4th Floor
9 Prescot Street
London
E1 8BE

Page 1

Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Solicitors Anthony Collins 134 Edmund Street Birmingham B3 2ES Investment managers Epworth Investment Management Limited 9 Bonhill Street London EC2A 4PE

Solicitors

Page 2

Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

(A Company Limited by Guarantee)

THE GIRLS' BRIGADE ENGLAND AND WALES

CHAIR'S STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2024

2024 was a good year for The Girls’ Brigade England & Wales.

We made good progress in bouncing back from the challenges we experienced during the COVID period when our weekly youth groups couldn’t meet and consequently caused a large dip in our income. The number of girls and young women are growing, as is the number of volunteers that run the Girls’ Brigade groups up and down England and Wales. We’re grateful to all those volunteers who give so generously of their time to improve the lives of the young people in their care. Crucially we know that our impact is strong – we help girls and young women build their confidence, gain life skills, and develop leadership skills so that they’re able to contribute to their communities and to society. We sow the seeds of faith.

We’ve raised our profile through various national events and were featured in the national media on numerous occasions. We’re delighted that the amazing Margaret Casely-Hayford became our patron.

We developed new income streams through our Fundraising Challenge and were successful in applying for Match Funding from The Big Give. The Girls’ Brigade were successful in bidding for grant funding from the Department of Culture, Media and Sport and put that to good use in modernising our approaches and extending our reach. At the same time, we reviewed our cost base and made some substantial ongoing savings.

We are well positioned for the future and are confident that we can continue to play a role in shaping the lives of girls and young girls for generations to come.

Amanda Allchorn

Signer ID: RYOJ9YKTBR...

Deputy Chair Date: 26/09/2025 GMT

Page 3

Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees are delighted to present their annual report together with the audited financial statements of The Girls' Brigade England & Wales for the year 1 January 2024 to 31 December 2024.

The Annual Report serves the purposes of both a trustees' report and a directors' report under company law. The trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

Girls' Brigade England & Wales is part of the Girls' Brigade International fellowship, and we operate solely in England and Wales. Our purpose is to develop confident girls and young women who have the life skills they need to live their lives to the full and to contribute to their communities and to society. Crucially, we sow the seeds of Christian faith. Although we are a proudly Christian organisation, we understand and respect that some of our young people and our volunteers have other faiths or no faith. Everyone is welcome.

We work with girls and young women between the ages of 4-18, and our young leaders’ pathway is from the age of 14-26. We’re proud that we provide a girls-only space as research shows that the challenges facing girls and young women are quite different from the challenges facing boys and young men.

We’re well over 130 years and we’re determined to ensure that we empower, equip, and enable girls and young women to build their skills and confidence in contributing to their local communities and to society. We’re determined to develop female leaders of the future for generations to come. We’ve developed and transformed over these 130 years and continue to do so. This ensures that we remain relevant to girls and young women and work with them on the things that matter most to them.

b. Our activities to deliver public benefit

The Girls’ Brigade delivers public benefit through providing safe spaces where young people have fun, learn Christian values, and develop life skills and leadership skills through physical activity, crafts, teamwork and community outreach. Our work is sustainable, holistic and life-enriching, enabling young people to live life to the full. This has a positive impact on communities and society.

Page 4

Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

Objectives and activities (continued)

c. Objectives and activities

Our “theory of change” describes what change we want to see for children and young people in England and Wales. It shows the “what and how” needed to enable children and young people to live their best lives - live life to the full as set out in scripture. It informs our short-, medium-, and long-term decision making. The strategic plan takes account of the tough environment within which uniformed youth charities like Girls’ Brigade are operating:

We assess performance against the strategic plan objectives quarterly using a KPI dashboard to ensure that we’re on track.

Achievements and performance

a. Achievements and performance

We reduced costs in 2024 and the benefits from this will flow through into 2025 and beyond. Bringing our trading activities in-house has helped reduce costs. Changes and improvements to our online shop have helped drive additional efficiencies in trading. Our fundraising campaigns and grant applications were successful, which has helped our financial position considerably.

Feedback from girls and young women attending our groups is very positive about the activities we undertake. Surveys show that they have fun, make friends, and develop skills. Developing their leadership potential is seen as a key strength. “Bring a friend” events are successful in ensuring that our groups grow and flourish.

Our volunteer retention remains incredibly high, with just under 1000 volunteers with over 50 years’ service as a Girls’ Brigade volunteer. Our focus remains on recruiting new volunteers and ensuring a positive volunteer experience,

An external agency assessed our policies, procedures and practice on equality, diversity and inclusion to ensure that we have the necessary approaches in place to address any specific needs such as neurodiversity and SEND. We were delighted that we were assessed as a “potential trailblazer”.

We successfully delivered the grant from the Department for Culture, Media and Sport and achieved all the required KPIs and milestones.

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Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Achievements and performance (continued)

All policies and procedures were reviewed to ensure compliance with legislation and regulation. There were no reportable incidents.

Financial review

a. Financial Review

The deficit for the year was £23,349 (2023: deficit of £83,383 after a prior year adjustment increasing the deficit by £18,201). This is made up of a deficit of £7,244 (2023: £52,046 ) from unrestricted funds and a deficit of £16,105 (2023: £28,337) from restricted funds. Funds total £517,601 (2023: £540,950 after a prior year adjustment reducing it by £18,201) comprising of unrestricted funds of £113,452 (2023: £120,696) and restricted funds of £404,149 (2023: £420,254).

Our income has largely been drawn from membership subscriptions, which for the 12-month period to 31 December was £246,032 (compared to £234,117 in 2023). This increase in subscription income reflects the positive work done through the DCMS grant to increase young people and volunteers in groups. A further grant from the DCMS Uniformed Youth Fund was also received during 2024 which has allowed us to continue to build on this work. The provision of grants shows the value placed upon the work of Girls' Brigade externally.

The national fundraising campaign that took place in October 2024 was also very successful which coincided with Match Funding we received from the Big Give. This formed a large portion of the total donations we received in 2024 (£75,859, compared to £26,795 in 2023). We’re grateful to those people who have supported our mission financially - whether through the Fundraising Challenge, one-off donations or regular giving.

b. Investment powers and policies

The trustees, who have a keen awareness of the need for Girls’ Brigade to balance operational liquidity and stable growth of investments, benefited from the services of Epworth Investment Management Service again this year. Aims and parameters for the portfolio are well established, and we receive a quarterly performance report to enable timely monitoring and control of this important issue.

The aims and parameters for the year were established in October 2002 for unrestricted funds as follows: To achieve a balance of capital growth and current income. Investment parameters are set for this as follows: Equities (50-70%); Fixed interest (30-50%).

Some funds were kept in interest-bearing deposit accounts to provide access as needed for cash flow management.

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Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

c. Going concern

In 2025 we will continue to build on the profile-raising work that we’ve been doing to ensure Girls’ Brigade is at the front of parents’ minds when they’re looking for activities for their children. The work we’ve done in 2024 has proven that the local advertising and sharing powerful stories about our girls works. Attracting more girls will also help increase subscription income.

The laser sharp focus for 2025-26 is on increasing and diversifying income through fundraising. We have also planned a national fundraising appeal in October 2025. We will also be seeking additional grant funding.

The Trustees have reviewed detailed financial forecasts over a period of 24 months to December 2026 based upon known costs and projected income, the latter of which is supported by a fundraising campaign scheduled for launch in September 2025. The Trustees recognise there are challenges from generating voluntary income both from subscription income and that income from the fundraising campaign can be unpredictable. We have undertaken sensitivity testing on the forecasts and have appropriate plans in place.

In summary, the Trustees are of the opinion that despite the challenge in increasing voluntary income, the charity has adequate resources to meet its financial obligations, and to continue in operational existence for at least 12 months from approval of these financial statements. It is for the reasons stated above that the directors are satisfied that the charity will have adequate resources to continue in operational existence for the foreseeable future and has prepared these financial statements on the going concern basis.

d. Reserves policy

Reserves are needed to bridge the gap between the spending and receiving of income and to cover unplanned emergency expenditure. The trustees consider the ideal level of reserves at 31 December 2024 to be in the range of three to six months cover of annual charitable expenditure which gives a target of £103,000 to £206,000.

Defined by the Charity Commission as unrestricted funds available to spend on the general purposes of the charity, but not yet spent, committed, or designated, the free reserves held by GB England & Wales at 31 December 2024 comprised the following:

Total consolidated funds per Balance Sheet (Group)
Less:
Restricted Funds
Fixed assets - unrestricted funds
Free Reserves		 £
517,601
(404,149)
(2,965)

£110,482

Although the year end level of free reserves is within the target range of £103,000 to £206,000 trustees recognise that they are at the lower end of aspirations and they keep the free reserves level under close review. 2025 will benefit from a full year of reduced overheads after a thorough review through 2024 and another focus on the fundraising campaign will help contribute to unrestricted income.

Page 7

Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

e. Grant-making funds

The Holcot Fund (Matilda Alice Hubbard Trust 2001) was established following the sale, in 2001, of a property (Holcot) originally donated by Matilda Alice Hubbard. Within the terms of the Trust, the criteria for grant support are to provide or assist in the provision of holiday or residential event accommodation for members to assist in their training. Grants awarded from this trust are administered centrally, through a written application process. An annual report of applications and awards is made to the trustees. During the year, 3 grants were given which subsidised individual girls and this fund paid for the delivery of the Esther Generation Weekend for 19 Queen’s Award candidates aged between 18 and 25.

f. Plans for future periods

Our plans for 2025 include:

People

Profile

Sustainability

Structure, governance and management

a. Governing document

The Girls' Brigade England & Wales is a charitable company limited by guarantee, governed by its Memorandum and Articles of Association dated July 2017. It is registered as a charity with the Charity Commission.

Members of the Girls' Brigade England & Wales Board are the company members and, in the event of the company being wound up, the liability of each member is limited to a maximum of £1.

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Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

Structure, governance and management (continued)

b. Methods of appointment or election of Trustees

The Girls' Brigade is governed by a board of trustees who serve for a three-year period renewable for one further, consecutive, term.

c. Recruitment and training of Trustees

To maintain a mature and well-equipped trustee Board, information about the role, responsibilities and skills needed for Board membership is made available internally and externally when vacancies arise. New trustees undergo a formal induction process and training in governance-related matters is offered to trustees on an ongoing basis.

d. Organisation

The Board comprises a maximum of 10 trustees. The Board meets four times in the year, although other meetings may be called if required. The Board can appoint standing groups for specific purposes. Currently the standing groups are the Network Executive (which maintains oversight of the uniformed youth work), Personnel, Finance, and Risk. The Network Executive meets 3 times a year and the other groups meet on an “as required” basis but meet at least once a year. The board has nominated a lead trustee for safeguarding.

The Chief Executive is appointed by the Board to manage day-to-day operations of the charity. This person has delegated authority for strategic and operational matters including finance, employment, and delivery of the strategic plan.

e. Related parties and co-operation with other organisations

None of the trustees receive remuneration or other benefit from their work with the charity. Any connection between a trustee or senior manager of the charity with an organisation used by the charity is disclosed in the same way as any other contractual relationship with a related party. No such transactions were reported within the reporting period.

Details of directors’ expenses and related party transactions are disclosed in note 15 and 32 to the accounts.

f. Fundraising standards information

Girls’ Brigade are registered with the Fundraising Regulator. During the year we have not appointed any professional fundraisers to support the work of the charity. We are registered with Give as You Live and our supporters can raise donations for our work through this. We are also registered on the Stewardship and PayPal donation platforms.

We have not received any complaints about our fundraising practice during 2024. There have been no serious or reportable incidents during 2024.

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Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

Structure, governance and management (continued)

g. Pay policy for senior staff

The Board of directors, who are the charity’s trustees, and the senior management team comprise the key management personnel of the charity in charge of directing and controlling, running, and operating GBM on a day-to-day basis. All trustees give of their time freely and no trustee received remuneration in the year. Details of directors’ expenses and related party transactions are disclosed in note 15 to the accounts.

The pay of the senior staff is reviewed annually and normally increased in accordance with cost of living/inflation levels.

h. Risk Management

Key risks to the organization are:

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Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the charity for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on their behalf by:

Signer ID: RYOJ9YKTBR...

Mrs A Allchorn Deputy Chair Date: 26/09/2025 GMT

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Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

(A Company Limited by Guarantee)

THE GIRLS' BRIGADE ENGLAND AND WALES

INDEPENDENT EXAMINER'S REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

Independent examiner's report to the Trustees of The Girls' Brigade England and Wales ('the charity')

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2024.

Responsibilities and basis of report

As the Trustees of the charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ACCA, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed:

Dated: 26/09/2025 GMT

Signer ID: WKOLTHN6RI...

Rachel Heath FCCA DChA

BHP LLP Albert Works Sidney Street S1 4RG

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Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024

Note
Income from:
Donations and legacies
4
Charitable activities
5
Other trading activities
6
Investments
7
Other income
8
Total income
Expenditure on:
Raising funds
9
Charitable activities
10
Total expenditure
Net expenditure before net gains on
investments
Net gains on investments
Net expenditure
Transfers between funds
24
Net movement in funds
Reconciliation of funds:
Total funds brought forward as previously
stated
Prior year adjustment
Total funds brought forward as restated
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2024
£
67,981
257,599
64,823
9,231
1,049
400,683
61,140
350,692
411,832
(11,149)
-
(11,149)
3,905
(7,244)
65,322
55,374
120,696
(7,244)
113,452		 Restricted
funds
2024
£
142,877
22,406
-
8,005
-
173,288
-
195,325
195,325
(22,037)
9,837
(12,200)
(3,905)
(16,105)
493,829
(73,575)
420,254
(16,105)
404,149		 Total
funds
2024
£
210,858
280,005
64,823
17,236
1,049
573,971
61,140
546,017
607,157
(33,186)
9,837
(23,349)
-
(23,349)
559,151
(18,201)
540,950
(23,349)
517,601		 As restated
Total
funds
2023
£
282,767
273,547
83,541
8,231
-
648,086
83,406
653,219
736,625
(88,539)
5,156
(83,383)
-
(83,383)
624,333
-
624,333
(83,383)
540,950

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Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

The Statement of financial activities complies with the requirements for an income and expenditure account under the Companies Act 2006 and includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

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Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

REGISTERED NUMBER: 00206877

BALANCE SHEET

AS AT 31 DECEMBER 2024

Note
Fixed assets
Intangible assets
16
Tangible assets
17
Investments
18
Current assets
Stocks
19
Debtors
20
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one year
21
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more than
one year
22
Total net assets		 20,653
84,125
359,003
463,781
(91,516)		 2024
£
-
2,965
153,737
156,702
372,265
528,967
(11,366)
517,601		 17,699
109,894
408,345
535,938
(139,625)		 As restated
2023
£
-
1,191
143,900
145,091
396,313
541,404
(454)
540,950

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Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

REGISTERED NUMBER: 00206877

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

Note
Charity funds
Restricted funds
24
Unrestricted funds
General funds
24
Revaluation reserve
Unrestricted funds excluding pension liability
24
Pension reserve
24
Total unrestricted funds
24
Total funds		 79,264
50,458
129,722
(16,270)		 2024
£
404,149
113,452
517,601		 78,819
50,458
129,277
(8,581)		 As restated
2023
£
420,254
120,696
540,950

The charity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Signer ID: RYOJ9YKTBR...

Mrs A Allchorn Deputy Chair Date: 26/09/2025 GMT

The notes on pages 18 to 46 form part of these financial statements.

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Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 DECEMBER 2024

Note
Cash flows from operating activities
Net cash (used in) operating activities
27
Cash flows from investing activities
Dividends and interest from investments
Purchase of tangible fixed assets
Net cash provided by investing activities
Cash flows from financing activities
Pension deficit contributions
Net cash used in financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
28		 2024
£
(53,138)
15,978
(2,700)
13,278
(9,482)
(9,482)
(49,342)
408,345
359,003		 As restated
2023
£
(88,015)
8,231
(1,586)
6,645
(8,127)
(8,127)
(89,497)
497,842
408,345

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Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. General information

The charitable company is a company limited by guarantee. The members of the company are the trustees names on page 1. in the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Girls' Brigade England and Wales meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

Following an agreement to transfer the assets, liabilities and undertakings of GBEW Trading in July 2024, the financial statements for the charity have adopted the merger method of accounting, which involves aggregating the assets, liabilities and funds as a combined entity and presenting them as though they had always been part of the same reporting charity.

The financial statements include the results of the combining charities for the whole reporting period in which the merger occurred and present comparative amounts on the same basis to show the aggregated results of for the combining charities for the previous reporting period.

2.2 Going concern

The Trustees have reviewed the detailed financial forecasts over a period of 24 months to December 2026 based upon known costs and projected income. The Trustees recognise there are challenges from generating voluntary income both from subscription income and that income from the fundraising campaign is unpredictable.

To combat the identified unpredictability of voluntary income the charity is taking proactive steps to manage costs and has undertaken sensitivity testing on the forecasts, to ensure that all options have been considered in the event that fundraising income does not achieve current projections.

In summary, the Trustees are of the opinion that despite the significant challenges of increasing voluntary income, the charity has adequate resources to meet its financial obligations, and to continue in operational existence for at least 12 months from approval of these financial statements. It is for the reasons stated above that the directors are satisfied that the charity will have adequate resources to continue in operational existence for the foreseeable future and has prepared these financial statements on the going concern basis.

Page 18

Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2. Accounting policies (continued)

2.3 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the charity, can be reliably measured.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.

2.5 Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Page 19

Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2. Accounting policies (continued)

2.6 Intangible assets and amortisation

Intangible assets costing £NIL or more are capitalised and recognised when future economic benefits are probable, and the cost or value of the asset can be measured reliably.

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation is provided on intangible assets at rates calculated to write off the cost of each asset on a straight-line basis over its expected useful life.

Amortisation is provided on the following basis:

Website costs

2.7 Tangible fixed assets and depreciation

Tangible fixed assets are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives .

Depreciation is provided on the following basis:

Fixtures and fittings - 10% per annum straight line Computer equipment - 25% per annum straight line

2.8 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities.

2.9 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Page 20

Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2. Accounting policies (continued)

2.10 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.

2.11 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.12 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

2.13 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.14 Operating leases

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the lease term.

Page 21

Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

(A Company Limited by Guarantee)

THE GIRLS' BRIGADE ENGLAND AND WALES

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2. Accounting policies (continued)

2.15 Employee benefits and pensions

When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

The charity also contributes to The Pensions Trust Growth Plan for its employees. This is in most respects a money purchase arrangement, but does include certain guaranteed benefit elements. The Plan is a multiemployer scheme. Since the charity has entered into an agreement (the Recovery Plan that determines how each employer within the scheme will fund the overall deficit), the contributions paid are shown in the income and expenditure account. Under FRS 102, the fair value of the commitment is recognised. The calculation of their fair value of the commitment is subject to an assumption on the discount rate. The discount rate is determined by reference to market yields at the reporting date on high quality bonds.

2.16 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

3. Critical accounting estimates and areas of judgment

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

The commitment in respect of the Pensions Trust Growth Plan is subject to an assumption on the discount rate.

Page 22

Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4. Income from donations and legacies

Donations and legacies
Grants
Total 2023		 Unrestricted
funds
2024
£
67,981
-
67,981
17,818		 Restricted
funds
2024
£
7,878
134,999
142,877
264,949		 Total
funds
2024
£
75,859
134,999
210,858
282,767		 Total
funds
2023
£
26,795
255,972
282,767

5. Income from the development of the Christian faith

Subscriptions
Activities and camp fees
Annual meeting
International office income
Other income
Total 2023		 Unrestricted
funds
2024
£
243,324
4,956
-
8,333
986
257,599
244,665		 Restricted
funds
2024
£
2,708
19,683
-
-
15
22,406
28,882		 Total
funds
2024
£
246,032
24,639
-
8,333
1,001
280,005
273,547		 Total
funds
2023
£
234,117
28,643
25
8,386
2,376
273,547

Page 23

Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6. Income from other trading activities

Income from non charitable trading activities

Trading income
Charity trading income
Total 2023		 Unrestricted
funds
2024
£
33,296
31,527
64,823
83,541		 Total
funds
2024
£
33,296
31,527
64,823
83,541		 Total
funds
2023
£
83,032
509
83,541

7. Investment income

Dividends received
Bank interest
Total 2023		 Unrestricted
funds
2024
£
9,231
-
9,231
5,280		 Restricted
funds
2024
£
-
8,005
8,005
2,951		 Total
funds
2024
£
9,231
8,005
17,236
8,231		 Total
funds
2023
£
5,596
2,635
8,231

8. Other incoming resources

Unrestricted Total Total
funds funds funds
2024 2024 2023
£ £ £
Other income 1,049 1,049 -

Page 24

Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

9. Expenditure on raising funds

Costs of raising voluntary income

Trading expenses
Total 2023		 Unrestricted
funds
2024
£
61,140
83,406		 Total
funds
2024
£
61,140
83,406		 Total
funds
2023
£
83,406

10. Analysis of expenditure on charitable activities

Summary by fund type

Development of the Christian faith
Total 2023
Summary by expenditure type
Development of the Christian faith
Total 2023		 Staff costs
2024
£
226,418
220,011		 Unrestricted
funds
2024
£
350,692
331,369
Depreciation
2024
£
926
1,992		 Restricted
funds
2024
£
195,325
321,850
Other costs
2024
£
318,673
431,216		 Total
2024
£
546,017
653,219
Total
2024
£
546,017
653,219		 Total
2023
£
653,219
Total
2023
£
653,219

Page 25

Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Summary by activity type

Volunteer and Group Support
Insurance and Insurance Administration
Programme Delivery
Programme Development
Governance and Strategy Development
Volunteer Equipping
Subscriptions
Communications and Media Presence
Networking
Fundraising and Donor Management
Total 2023		 Direct costs
2024
£
139,327
49,362
56,021
31,500
86,315
52,615
33,465
42,761
10,982
15,411
517,759
618,664		 Support costs
2024
£
-
-
-
-
31,454
-
-
-
-
-
31,454
34,555		 Total
funds
2024
£
139,327
49,362
56,021
31,500
117,769
52,615
33,465
42,761
10,982
15,411
549,213
653,219		 Total
funds
2023
£
165,712
58,710
66,630
37,465
140,071
62,577
39,802
50,860
13,062
18,330
653,219

The allocation of the costs between activities is based on the proportion of staff time spent on each activity.

Page 26

Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

11. Charitable activities

Rent and rates
Telephone costs
Insurances
Printing costs
Computer costs
Recruitment costs
Training costs
Legal and professional costs
Motor and travel costs
Meeting costs
International fees
Subscriptions
Activities and camp costs
Costs associated with DCMS fund
The View costs
Development costs - programme
Sundries
Bank charges and interest paid
Wages and salaries
National insurance
Pension cost
Remeasurement of pension scheme
Depreciation
Governance costs (note 12)		 2024
£
21,881
10,289
36,527
1,853
46,203
1,212
-
96
4,404
75
319
1,939
48,674
85,379
268
790
9,033
2,338
199,437
11,198
15,783
16,964
926
30,429
546,017		 2023
£
30,300
9,562
33,863
2,844
44,903
3,504
450
651
1,422
233
186
3,133
67,147
189,250
1,629
506
3,226
3,866
198,068
10,513
11,430
(14)
1,992
34,555
653,219

Page 27

Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

12.
Governance costs
Auditor and independent examiner fees
Accountancy fees - outsourced
Trustees' and executives' travel and meeting costs
13.
Net income/(expenditure)
Depreciation of tangible fixed assets owned by the charity
Amortisation of intangible fixed assets
Auditor's remuneration - audit
Auditor's remuneration - non audit
Operating lease payments
14.
Independent examiner's/ auditor's remuneration
Fees payable to the charity's independent examiner for the independent
examination of the charity's annual accounts
Fees payable to the charity's auditor in respect of:
Audit services
Other accountancy and VAT services		 2024
£
8,140
17,979
4,310
30,429
2024
£
926
-
-
-
41,438
2024
£
7,645
-
-		 2023
£
23,472
8,800
2,283
34,555
2023
£
1,992
2,916
20,200
2,800
69,237
2023
£
-
20,200
2,800

Page 28

Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

15. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2024
£
199,437
11,198
15,783
226,418		 2023
£
198,068
10,513
11,430
220,011

The average number of persons employed by the charity during the year was as follows:

2024 2023
No. No.
Employees 9 9

No employee received remuneration amounting to more than £60,000 in either year.

None of the trustees, nor any person connected to them, received any remuneration during the current or preceding year. 9 members of the Trustee Board (2023: 7) received reimbursed travel expenses amounting to £788 (2023: £490).

During the period, trustees made donations to the charity totalling £2,850 (2023: £135).

The charity is heavily reliant upon the support of volunteers who give their time to the work of the Girls' Brigade, which cannot be valued.

The total amount of employee benefits, including employer's pension contributions and employers' national insurance, received by the senior management team is £96,311 (2023: £101,977). The charity's senior management team are detailed on page 1.

Page 29

Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

16. Intangible assets

Cost
At 1 January 2024
At 31 December 2024
Amortisation
At 1 January 2024
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023
17.
Tangible fixed assets
Cost or valuation
At 1 January 2024
Additions
Disposals
At 31 December 2024
Depreciation
At 1 January 2024
Charge for the year
On disposals
At 31 December 2024		 Fixtures and
fittings
£
69,117
182
-
69,299
68,722
161
-
68,883		 Computer
equipment
£
50,040
2,518
(8,434)
44,124
49,244
765
(8,434)
41,575		 Website
£
44,000
44,000
44,000
44,000
-
-
Total
£
119,157
2,700
(8,434)
113,423
117,966
926
(8,434)
110,458

Page 30

Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

17.
Tangible fixed assets (continued)
Fixtures and
fittings
Computer
equipment
£
£
Net book value
At 31 December 2024
416
2,549
At 31 December 2023
395
796
18.
Fixed asset investments
Cost or valuation
At 1 January 2024
Revaluations
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023
The historical cost of listed investments held in the charity was £93,442 (2023: £93,442).
19.
Stocks
2024
£
Finished goods and goods for resale
20,653		 Total
£
2,965
1,191
Listed
investments
£
143,900
9,837
153,737
153,737
143,900
2023
£
17,699

Page 31

Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

20. Debtors

Trade debtors
Other debtors
Prepayments and accrued income
Creditors: Amounts falling due within one year
Pension liability
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
Deferred income at 1 January 2024
Resources deferred during the year
Amounts released from previous periods
Deferred income at 31 December 2024		 2024
£
2,421
2,536
79,168
84,125
2024
£
4,904
13,953
4,615
1,438
66,606
91,516
2024
£
57,450
52,299
(57,450)
52,299		 2023
£
17,416
9,465
83,013
109,894
2023
£
8,127
28,770
4,673
2,001
96,054
139,625
2023
£
55,138
57,450
(55,138)
57,450

21. Creditors: Amounts falling due within one year

The deferred income relates to events occuring in future periods and subscriptions received in advance.

22. Creditors: Amounts falling due after more than one year

2024 2023
£ £
Pension liability 11,366 454

Page 32

Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

23. Prior year adjustments

A transfer from restricted to unrestricted of £55,374 was made as a prior year adjustment. This represents the correction of the allocation of staff costs to DCMS funding.

A prior year adjustment of £18,202 was made to Branches’ funds. This reflects expenditure that occurred during 2023 (£7,876), an amount which was misclassified as Branches’ funds (£2,332) and an investment still held that was transferred from restricted to unrestricted funds (£7,994).

Page 33

Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

24. Statement of funds

Statement of funds - current year

Unrestricted
funds
General funds -
charity
General funds -
trading
Revaluation
reserve
Pension reserve
Restricted funds
Matilda Alice
Hubbard fund
The Irene
Bosworth
Friendship Fund
DCLG Grant
DCLG Start Up
Grants
SLF/YML Income
YUF
DofE
Build Hope
Branches' funds
Keep On Keepin
On
Bristol
Development
Project
DCMS Uniformed
Youth New
Groups Funding		 As restated
Balance at 1
January 2024
£
96,083
(17,264)
50,458
(8,581)
120,696
21,911
3,707
424
14,990
175
2,223
1,010
793
350,368
533
23,501
619		 Income
£
367,425
33,258
-
-
400,683
-
-
-
-
-
-
-
-
49,495
91
-
123,702		 Expenditure
£
(373,858)
(30,285)
-
(7,689)
(411,832)
(1,154)
-
-
(803)
-
-
-
-
(68,085)
-
(962)
(124,321)		 Transfers
in/out
£
(10,386)
14,291
-
-
3,905
-
-
-
-
-
-
-
-
(3,905)
-
-
-		 Gains/
(Losses)
£
-
-
-
-
-
-
-
-
-
-
-
-
-
9,837
-
-
-		 Balance at 31
December 2024
£
79,264
-
50,458
(16,270)
113,452
20,757
3,707
424
14,187
175
2,223
1,010
793
337,710
624
22,539
-

Page 34

Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

24. Statement of funds (continued)

Statement of funds - current year (continued)

Total of funds As restated
Balance at 1
January 2024
£
420,254
540,950		 Income
£
173,288
573,971		 Expenditure
£
(195,325)
(607,157)		 Transfers
in/out
£
(3,905)
-		 Gains/
(Losses)
£
9,837
9,837		 Balance at 31
December 2024
£
404,149
517,601

Page 35

Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

24. Statement of funds (continued)

Statement of funds - prior year

Unrestricted
funds
General funds -
charity
General funds -
trading
Revaluation
reserve
Pension reserve
Restricted funds
Matilda Alice
Hubbard fund
The Irene
Bosworth
Friendship Fund
DCLG Grant
DCLG Start Up
Grants
SLF/YML Income
YUF
DofE
Build Hope
Branches' funds
Keep On Keepin
On
Bristol
Development
Project		 Balance at
1 January
2023
£
167,340
(20,761)
45,302
(16,139)
175,742
24,207
3,707
424
15,143
175
2,367
1,010
793
376,936
328
23,501		 Income
£
268,237
83,067
-
-
351,304
-
-
-
-
-
-
-
-
65,098
205
-		 As restated
Expenditure
£
(342,763)
(79,570)
-
7,558
(414,775)
(2,296)
-
-
(153)
-
(144)
-
-
(88,397)
-
-		 Transfers
in/out
£
3,269
-
5,156
-
8,425
-
-
-
-
-
-
-
-
(8,425)
-
-		 Gains/
(Losses)
£
-
-
-
-
-
-
-
-
-
-
-
-
-
5,156
-
-		 As restated
Balance at
31 December
2023
£
96,083
(17,264)
50,458
(8,581)
120,696
21,911
3,707
424
14,990
175
2,223
1,010
793
350,368
533
23,501

Page 36

Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

24. Statement of funds (continued)

Statement of funds - prior year (continued)

DCMS Uniformed
Youth New
Groups Funding
Total of funds		 Balance at
1 January
2023
£
-
448,591
624,333		 Income
£
231,479
296,782
648,086		 As restated
Expenditure
£
(230,860)
(321,850)
(736,625)		 Transfers
in/out
£
-
(8,425)
-		 Gains/
(Losses)
£
-
5,156
5,156		 As restated
Balance at
31 December
2023
£
619
420,254
540,950

Page 37

Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

24. Statement of funds (continued)

Matilda Alice Hubbard fund

Matilda Alice Hubbard left a property to the charity in her will specifically for the purpose of providing a training and holiday home/camp for the use of charity. Subsequent to her death in 1932, the charity purchased an adjacent property and land and two properties became known as "Holcot". The property was sold during the year ending 31 March 2002 and the proceeds relating to the original bequest were transferred into a specific restricted fund.

Irene Bosworth Friendship fund

The Irene Bosworth Friendship Fund is to support leadership and training.

DCLG Grant

This fund is to help open new groups, increase existing groups and recruit and equip new leaders in specific geographical locations.

DCLG Start Up Grants

This fund is available to local new groups being established via the DCLG work. Groups may apply for one grant up to a maximum of £4,500 to financially support the new group as it becomes established and self-sustaining.

SLF/YML Income

This fund is to help open new groups, increase existing groups and recruit and equip new leaders across the London area.

YUF

The YUF Stronger Foundations grant was awarded through the Uniformed Youth Fund provided by the Department for Digital, Culture Media and Sport, administered by Youth United Foundation. The grant was given in order to fund work of key staff in developing sustainability for GB moving forward. The initial tranche received in 2018 funded core posts to free up capacity to create a sustainability plan and work on redeveloping GB’s new group process. Further tranches in 2019 continued to fund core work on implementing the plan, as well as funding new digital infrastructure in the form of a new website and database. Alongside this, further funding under the banner of Reach, enabled GB to grow new and existing groups.

DofE

The DofE Diamond Fund was launched by the Duke of Edinburgh’s Award to celebrate its Diamond Anniversary. It aims to enable more disadvantaged young people to take part in the DofE Scheme. As a long-term licenced DofE partner, GB has been offering young people the opportunity to take part in the scheme for many years. This additional funding provided opportunities for more young people to take part through the funding of equipment and resource packs.

Build Hope

The Build Hope Project, funded through a Methodist Connexional Grant, aims to Build Hope for girls and young women, for the local church, and for GB. Through the project, GB aims to:

Page 38

Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

(A Company Limited by Guarantee)

THE GIRLS' BRIGADE ENGLAND AND WALES

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

24. Statement of funds (continued)

Branches' Funds

Branch funds are only available for use by the branches concerned and therefore are deemed to be restricted funds for the purposes of the financial statements.

Keep On Keepin On

Koko is a film and digital project for a target audience - teenage girls. It provides encouraging and constructive views on issues facing teenage girls, pointing them to support agencies on specific issues e.g. Self-Harm. The initiative also resources youth leaders, working alongside GBEW to release resources that accompany films, for use in youth groups.

Bristol Development Project

The Bristol Development Fund was set up by the Bristol District of Girls’ Brigade England & Wales in fund a Development Worker to extend the outreach and mission of Girls’ Brigade in the Bristol area by:

DCMS Uniformed Youth New Groups Funding

The funding is a grant given by the Department of Culture, Media and Sport to support growth in available spaces for young people and the training and recruitment of volunteer leaders.

Transfers

There has been a transfer from restricted to unrestricted funds of £3,905 in relation to branches closed in the period with funds transferred to the charity.

25. Summary of funds

Summary of funds - current year

General funds
Restricted funds		 As restated
Balance at 1
January 2024
£
120,696
420,254
540,950		 Income
£
400,683
173,288
573,971		 Expenditure
£
(411,832)
(195,325)
(607,157)		 Transfers
in/out
£
3,905
(3,905)
-		 Gains/
(Losses)
£
-
9,837
9,837		 Balance at 31
December 2024
£
113,452
404,149
517,601

Page 39

Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

25. Summary of funds (continued)

Summary of funds - prior year

General funds
Restricted funds		 Balance at
1 January
2023
£
175,742
448,591
624,333		 Income
£
351,304
296,782
648,086		 As restated
Expenditure
£
(414,775)
(321,850)
(736,625)		 Transfers
in/out
£
8,425
(8,425)
-		 Gains/
(Losses)
£
-
5,156
5,156		 As restated
Balance at
31 December
2023
£
120,696
420,254
540,950

26. Analysis of net assets between funds

Analysis of net assets between funds - current period

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Creditors due in more than one year
Total		 Unrestricted
funds
2024
£
2,965
7,016
206,353
(91,516)
(11,366)
113,452		 Restricted
funds
2024
£
-
146,721
257,428
-
-
404,149		 Total
funds
2024
£
2,965
153,737
463,781
(91,516)
(11,366)
517,601

Page 40

Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

26. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior period

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Creditors due in more than one year
Total As restated		 As restated
As restated
Unrestricted
funds
2023
£
1,191
4,317
255,267
(139,625)
(454)
120,696		 As restated
Restricted
funds
2023
£
-
139,583
280,671
-
-
420,254		 As restated
Total
funds
2023
£
1,191
143,900
535,938
(139,625)
(454)
540,950

27. Reconciliation of net movement in funds to net cash flow from operating activities

Net expenditure for the period (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Amortisation charges
Gains on investments
Dividends and interest from investments
(Increase)/decrease in stocks
Decrease/(increase) in debtors
(Decrease)/ increase in creditors
Pension deficit adjustments
Net cash (used in) operating activities		 2024
£
(23,349)
926
-
(9,837)
(15,978)
(2,954)
25,769
(44,886)
17,171
(53,138)		 2023
£
(83,383)
1,992
2,916
(5,156)
(8,231)
7,729
(31,862)
27,411
569
(88,015)

Page 41

Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

28. Analysis of cash and cash equivalents

Cash in hand
Total cash and cash equivalents
Analysis of changes in net debt
Cash at bank and in hand		 At 1 January
2024
£
408,345
408,345		 2024
£
359,003
359,003
Cash flows
£
(49,342)
(49,342)		 As restated
2023
£
408,345
408,345
At 31
December
2024
£
359,003
359,003

29. Analysis of changes in net debt

30. Pension commitments

Pensions Trust Growth Plan

The company participates in the scheme, a multi-employer scheme which provides benefits to some 521 nonassociated participating employers. The scheme is a defined benefit scheme in the UK. It is not possible for the company to obtain sufficient information to enable it to account for the scheme as a defined benefit scheme. Therefore, it accounts for the scheme as a defined contribution scheme.

The charge to the statement of financial activities in respect of the scheme was £17,171 (2023: £11,430). Amounts owed at year end were £16,270 (2023: £8,581) which and held within creditors.

The scheme is subject to the funding legislation outlined in the Pensions Act 2004 which came into force on 30 December 2005. This, together with documents issued by the Pensions Regulator and Technical Actuarial Standards issued by the Financial Reporting Council, set out the framework for funding defined benefit occupational pension schemes in the UK.

The scheme is classified as a 'last-man standing arrangement'. Therefore, the company is potentially liable for other participating employers' obligations if those employers are unable to meet their share of the scheme deficit following withdrawal from the scheme. Participating employers are legally required to meet their share of the scheme deficit on an annuity purchase basis on withdrawal from the scheme.

A full actuarial valuation for the scheme was carried out at 30 September 2023. This valuation showed assets of £514.9m, liabilities of £531.0m and a deficit of £16.1m. To eliminate this funding shortfall, the Trustee has asked the participating employers to pay additional contributions to the scheme as follows:

Page 42

Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

(A Company Limited by Guarantee)

THE GIRLS' BRIGADE ENGLAND AND WALES

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

30. Pension commitments (continued)

Unless a concession has been agreed with the Trustee the term to 31 March 2028 applies.

Note that the scheme’s previous valuation was carried out with an effective date of 30 September 2020. This valuation showed assets of £800.3m, liabilities of £831.9m and a deficit of £31.6m. To eliminate this funding shortfall, the Trustee asked the participating employers to pay additional contributions to the scheme as follows:

The recovery plan contributions are allocated to each participating employer in line with their estimated share of the Series 1 and Series 2 scheme liabilities. Where the scheme is in deficit and where the company has agreed to a deficit funding arrangement the company recognises a liability for this obligation. The amount recognised is the net present value of the deficit reduction contributions payable under the agreement that relates to the deficit. The present value is calculated using the discount rate detailed in these disclosures. The unwinding of the discount rate is recognised as a finance cost.

Page 43

Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

(A Company Limited by Guarantee)

THE GIRLS' BRIGADE ENGLAND AND WALES

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

30. Pension commitments (continued)

Page 44

Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

(A Company Limited by Guarantee)

THE GIRLS' BRIGADE ENGLAND AND WALES

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

30. Pension commitments (continued)

The discount rates shown above are the equivalent single discount rates which, when used to discount the future recovery plan contributions due, would give the same results as using a full AA corporate bond yield curve to discount the same recovery plan contributions. The following schedule details the deficit contributions agreed between the company and the scheme at each year end period:

The company must recognise a liability measured as the present value of the contributions payable that arise from the deficit recovery agreement and the resulting expense in the income and expenditure account i.e. the unwinding of the discount rate as a finance cost in the period in which it arises. It is these contributions that have been used to derive the company's balance sheet liability.

31. Operating lease commitments

At 31 December 2024 the charity had commitments to make future minimum lease payments under noncancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2024
£
1,163
2,616
3,779		 2023
£
41,438
3,779
45,217

32. Related party transactions

The company owns 100% of its subsidary GBEW Trading Limited. During the year this subsidary ceased trading. Prior to cessation, expenditure was recharged of £1,500 (2023: £3,000) to the subsidiary company. At 31 December 2023 amounts totalling £87,519 were included in debtors owed to the parent charitable company. This balance was after a provision has been made of £19,328, which is the portion of the balance which was deemed to be irrecoverable. Details of trustees' remuneration and transactions are detailed in note 15.

Page 45

Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892

THE GIRLS' BRIGADE ENGLAND AND WALES

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

33. Merger accounting

In the year, GBEW Trading Limited ceased trading and its assets and liabilities were transferred to The Girls' Brigade England and Wales. To present a true and fair view, the 2023 comparative figures in these financial statements combine the results of GBEW Trading and The Girls' Brigade England and Wales.

Page 46

Document ID: f0faf741480a05d06d2fd69ad26b5ddc5c129ed2328276cd25a476136fd6b892