GIRLS. BRIGADE NORTHERN IRELAND STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MA Y 2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Notes Income and endowments frorn: Donations and legacies Charitable activib'es Other trading activities Investments Other income 2.416 284,594 303.508 27,588 1.440 2.416 458.004 303,508 27,588 1.440 2.398 306,632 364,347 28.386 60 2,398 473,303 364,347 28,386 60 173.410 166,671 Total incomo 619.546 173.410 792,956 701.823 166,671 868.494 Expenditure on: Raising funds Charitable activiti'es 314,905 354.558 314.905 527.968 325,809 368.135 325,809 534,806 173.410 166.671 Total expenditure 669.463 173.410 842.873 693,944 166.671 860.615 Net gainslllossesl on investments 14 95.129 95.129 (17.1761 {17,176) Net incomel{expenditure) and movement in funds 45.212 45,212 (9.297) {9,297} Reconciliation of funds: Fund baTranS at 1 June 2023 2.091,626 2.091.626 2.100,923 2,100.923 Fund balances at 31 May 2024 2.136,838 2.136.838 2.091,626 2,091.626 The statement of financial activib'es indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activrties. 21
GIRLS. BRIGADE NORTHERN IRELAND BALANCE SHEET ASAT 31 MAY2024 2024 2023 Notes Fixed assets Intangible assets Tangible assets Investments 16 17 18 21.581 901.183 1.054.283 911,864 931,565 1,977,047 1,843,429 Current assets Stocks Debto Cash at bank and in hand 19 20 111,829 20.877 60,779 121,407 15,355 159,569 193,485 296.331 Creditors: amounls falllng due wlthln one year 21 (33.694> 148,134) Net currnnt assets 159.791 248,197 Total assets less Current Ilablllties 2.136.838 2.091.626 Net assots excluding pension liability 2.136.838 2,091,626 The funds of the charlty Unreslricled funds 2.136.838 2,091.626 2.136.838 2,091,626 The company is enlilled lo the exefflption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 May 2024. although an audit has been carried out under section 65{21 of The Charities (Accounts and Reports) Regulations (Northem Ireland) 2015. The directors acknedge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtsin an audit of its financial statements under the requirements of the Companies Act 2006. for the year in question in accordance with section 476. These financial ststements have been prepared in accordance with the provisTrons applicable to companies subject to the small companies regime. The financial stalernenls were approved by the Trustees on 21 August 2024 T Davies Trustee L Cull Trustee Company registrats'on number N1058531 (Northem Ireland) -22-
GIRLS. BRIGADE NORTHERN IRELAND STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MAY 2024 2024 2023 Notes Cash flows from operating activities Cash generaled from operations 14.849 13.826 Investing activities Purchase of intangible assets Purchase of tangible fixed assels Withdrawals from investments Investment income received (26,976) 12.7281 (111,523) 27.588 (550) 58,025 28.386 Net cash (used In)198n8rat•d from investing activitles (113.639) 85,861 Net cash used in financing activlties {75,475) Net {decreasellincrease in cash and cash equivalenl$ (98.790) 24.212 Cash and cash equivalents at beginning of year 159,569 135,357 Cash and Cash equivalents at end of year 60.779 159.569 -23-
GIRLS. BRIGADE NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 Accounting policies Charity Infomatlon Gids, Brigade Northem Ireland is a private company limited by guarantee ino)rporated in Northem Ireland. The registered office is C2 Kilbegs Business Park. Fergusons Way. Antrim. BT414LZ. 1.1 Accounting Convontion The financial statements have been prepared in acconlance with the charity's Articles of Association, the Companies Act 2006. FRS 102 "The Financial Reporting Standard applicable in ihe UK and Republic of Ireland" I"FRS 102.) and the Charib'es SORP "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 charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling. which is the functi(x)al currency of the charity. Monetary amounts in these financial statements are rounde(I to the nearest £. The financial statements have been ppared under the historical cost convention. [modified to include the revaluation of freehold properties and lo indude certain financial instruments at fair valuel. The principal accounting policies adopted are set out below. 1.2 Going concern Al the time of approving the financial slatements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable fiJture. Thus the Trustees continue to adopt the going concem basis of accounting in preparing the finanaal statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in fijrtherance of their charitable objectives. Restricted fvnds are subject lo specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Incomo All incoming resources are induded in the Statement of Financial Aclivits'es when the charity is enlitled to, and il is probable that il will be received, and the income and the amount can be quantified with reasonable accuracy. Cash donations are recognised on receipt. Other donations are rer))gnised once the charity has been notified of the donation. unless performance (J)nditions require deferral of the amount. Income tax recoverable in lation lo donations received under Grfi Aid or deeds of covenant is recognised at the time of the donation. Donated services and facilities are included at the value to the charity wher8 this can be quantified. The value of services provided by volunteers has not been induded in the accounts. Grants are included in full in the Statement of Financial Activities when re1¥able. Where entidement is not conditional on the recovery of a specific perfornian by the charity. grants are recognised when the charity becomes unconditionally entitied to the 9rant. Where lated to perfomance and specific deliverables, they are accounted for as the charity eams the right to consideration by ifs perfomance. InmIng resources from charitable trading activity are accounted for when eamed. -24-
GIRLS, BRIGADE NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised once the is a legal or constructive obligation to make a payment lo a third party, it is probable that a settlement will be required and the amount of the obligation can be measured reliably. Expenditure is dassified under the following headings.. Costs of raising funds, being trading and overhead costs relating to the shop. Expenditure on charitable activities. being the provision of programmes and activities for members. Support costs are those functions that a5SiSt the Vrk of the charity but do not d1cl1Y undertake charitable activities and indude administration and finance costs. 1.6 Intangible fixed assets othor than goodwill Intangible assets acquired separately from a business are recogni1 at cost and are subs8qU8ntly measured at cost less accumulated amortisation and accumulated impairnenl losses. Intangible assets acquired on business combinats'ons are recognised separately from goodwill at the acquisition date Whe it is probable that the expected future economic benefits Ihal are attributable lo the asset will flow lo the entty and the fair value of the a5sel can be measured reliably,. the intangible asset arises from contractual or other legal rights., and the Intangle asset is separable from the entity. Amortisation is CogniSed so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. SofNvare 20% straight line 1.7 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. DepCiatIon is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Freehold land and buildings Fixtures and fittings 1°A straight line 15% reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carying value of the asset. and is recognised in the statement of financial activities. 1.8 Flxed asset investments Fixed asset investments are initially measUd at transaction price exduding transaction costs, and a subsequently meaSud at fair value at each reporting date. Changes in fair value are recognised in net incomellexpendilurel for the year. Transaction Costs are expensed as incurred. 1.9 Impairnienl of fixed assets At each reporting end date, the charity reviews the carying amounts of its tangible and intangible assets to determine whether Ihere is any indication that those assels have suffered an impaimient loss. If any such indication exists, the recoverable amount of the asset is estimated in order to detemiine the extent of the impairment loss (if any). -25-
GIRLS. BRIGADE NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 Accountlng policies (Conllnuod) 1.10 Stocks Stocks are ststed at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Ilems held for distribution at no or nominal consideration are measured the lower of replacement cost and cost. Nel realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution. 1.11 Cash and cash equivalents Cash and cash equivalents indude cash in hand. deposits held at call with banks. other short-tem liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borr¢)wings in current liabilities. 1.12 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues. of FRS 102 10 all of its financial instruments. Financial instrurnenls a recognised in the charity's balance sheel when the charity becomes party io the contractual provisions of the instnAment. Financial assets and liabilities a offset, wilh the net amounts psented in the financial statements. when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and selue the liabilty simultsneously. Basic financial assets Basic financial a55ets, which indude debtors and cash and bank balances, are initially measured at transactson price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. where the transaction is measured at the present value of the futu receipts discounted at a market rate of interest. Financial assets dassified as receivable wthin one year are not amortised. Bas1¢ financial liabilities Basic financial liabilities, induding credrtors and bank loans are inib.ally recogni58d at transaction price unless the arrangement constitutes a financing iransaction, where the debt instrument is measured at the present value of the fvture payments discounted al a market rate of interesL Financial liabilities das5ified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in Ihe ordinary course of operations from suppliers. Amounts payable are dassified as current liabilities rf payment is due within one year or less. If not. they are presented as non•currenl liabilities. Trade C11015 are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the chartty's contractual obligations expire or are discharged or cancelled. -26-
GIRLS. BRIGADE NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 Accounting policies Iconllnuod) 1.13 Employee beneflts Payments to defined contribution retirement benefit sthemes are charged as expenses as they fall due. The cost of any unused holiday entidement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to temiinale the employment of an employee or to provide temination benefits. Crftlcal accountlng estlmates and Judgements In the application of the charity's accounb'ng policies. the Twstees are required to make judgements, eslimates and assumplions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and assouated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these ests'mates. The estimates and undedying assumptions are reviewed on an ongoing basis. Rewsions to accounting estimates are recognised in the period in which the estimate is revised where Ihe revision affects only that period, or in the period of the revision and future periods where Ihe revision affects both current and future periods. Income from donations and legacies Unrestricted funds 2024 Unrestricted funds 2023 Donations and gifts 2,416 2,398 -27-
GIRLS. BRIGADE NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024 Income from other trading activities Unrestrlcted Unrestrlcted funds funds 2024 2023 Shop income 303,508 364,347 Investments Unrestricted Unreslrict8d funds funds 2024 2023 Dividends and other investment income Interest receivable 27.130 458 25.247 3.139 27.588 28.386 Other income Unrestricted Unrestricted funds funds 2024 2023 MislIaneOUS Income 1,440 60 -29-
GIRLS. BRIGADE NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024 Raising funds Unrestrlcled Unrestricted funds funds 2024 2023 Tradin costs Operating charity shops 320,300 325,809 Perforniance of the shop Tumover Cost of Sales= Opening Stock Purchases Less Closing St¢xk 303,508 364,347 121,407 139,732 200.190 206.519 (111.829) {121.407} Cost of sales 209,768 224,844 Gross Profit 93.740 139,503 Expenditure.. Employment costs Light and heat Bank charges Other Packaging Telephone Stationery Advertising Depreciation Web SUPFQrt 80,011 7,387 9,078 111 74.223 5,991 10.432 69 483 2.175 1.147 527 3.353 2.565 1,793 660 2,499 2,753 105,137 100.965 Net profit for the year (11,397) 38.538
GIRLS. BRIGADE NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 Charitable activities 2024 2023 Queens Award Duke of Edinburgh Scheme Training Spiritual Programmes GB Intemational Councal Activities 2,610 3.591 1,615 160 1,093 6,430 27.906 1,482 2,693 2,908 3,102 2,196 6,025 15,805 43.405 34.211 Share of support costs (see note 10) Share of govemance costs (see note 101 363,743 120,820 370.217 130,378 527,968 534,806 Analysis by fund Unrestricted fvnds Restricted funds 354,558 173,410 368,135 166.671 527,968 534,806 31
GIRLS. BRIGADE NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024 10 Support costs Support Governance cosls costs 2024Support costs Govemance costs 2023 Staff costs Depreciation Irrecoverable VAT expense Bank and investment charges General expenses Staff travel costs Staff training Premises costs Computer services Insurance Marketing and publications Printing, Stationery and telephone 253.628 16,305 253.628 16,305 250.710 10,910 250,710 10,910 8,961 8,961 10.038 10.038 1,415 3.354 4,216 3,779 29.650 12,462 13.452 1,415 3,354 4,216 3.779 29,650 12.462 13.452 8,814 3,979 4,477 139 22,910 12.889 13,493 8,814 3,979 4.477 139 22.910 12,889 13,493 4.099 4.099 5,417 5,417 12,422 12,422 26.441 26.441 Audil fees Legal and professional Council and executive expenses Employment costs Volunteer travel costs 4.725 4.725 4,725 1,768 4,725 1.768 3.788 109,329 2,978 3,788 109.329 2,978 3,773 116,990 3.122 3,773 116,990 3,122 363,743 120,820 484,563 370,217 130.378 500.595 Analysed between Charitable activities 363.743 120,820 484.563 370.217 130.378 500.595 Gov8mance costs includes payments to the auditors of £4.96012023. £4.725) for audii fees. 11 Net movement in funds 2024 2023 The net movement in fvnds is ststed after chargingllcrediting).. Fees payable for the audit of the charitys finanaal statements Depreciation of owned tangible fixed assets Amortisation of intangible assets 4,725 15,908 5.395 4.725 17,616 12 Trustees None of the Trustees (or any persons connected with them) received any remuneration or benefits from Ihe charity during the year. 32-
GIRLS. BRIGADE NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024 13 Employoes The average monthly number of employees during the year was: 2024 Number 2023 Number Management Finance, Admin & Corporate Services Shop Training Total 14 14 Employmont costs 2024 2023 Wages and salaries 442.968 441.922 There were no employees vthose annual remuneration was more than £60.000. 14 Gains and losses on investments Unrestrlcted Unrestricted funds funds 2024 2023 Gainslllosses) arising on.. Revaluakn'on of investments Sale of investrnents 83.934 11,195 (78,828) 61,652 95.129 117.176) 15 Taxation The charity is exempt from taxats'on on its activits.es because all its income is applied for charrtable purposes.
GIRLS, BRIGADE NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024 16 Intangible fixod assets Softwar• Cost At 1 June 2023 Additions- separat81y acquired 26,976 At 31 May 2024 26,976 Amortisation and impairrnent At 1 June 2023 Amortisation charged for the year 5,395 At 31 May 2024 5,395 Carrying amount At 31 May 2024 21,581 At 31 May 2023 17 Tangible fixed assets Fr••hold land Flxtures and and buildings ffttings Totsi Cost At 1 June 2023 Additions 1.090.975 121,346 1,212,321 2.728 2,728 At 31 May 2024 1.090.975 124,074 1,215,049 Depr•ciation and impairnient At 1 June 2023 Depreciation charged in the year 191.527 10,910 108,930 2,499 300,457 13.409 At 31 May 2024 202.437 111,429 313,866 Carrying amount At 31 May 2024 888.538 12.645 901.183 At 31 May 2023 899.448 12,416 911,864
GIRLS. BRIGADE NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 18 Fixed asset investments Listed Cash balance Total Cost or valuation At 1 June 2023 Additions Valuation changes Net movement in cash Disposals 914,430 216,608 83.934 17.135 931,565 216,608 83.934 18,1701 1169,654) 18,1701 (169.654) At 31 May 2024 1.045.318 8,965 1.054.283 Carying amount At 31 May 2024 1,045.318 8,965 1,054,283 At 31 May 2023 914.430 17,135 931.565 19 Stocks 2024 2023 Finished gcods and goods for resale 111,829 121,407 20 Debtors 2024 2023 Amounts falling due wlthln on• year: Trade debtors Other debtors Prepayments and accrued income 6,262 811 13,804 6,040 811 8,504 20,877 15,355 21 Creditors: amounts falling due within one yoar 2024 2023 Other tsxation and social security Trade creditors Other ¢ditorS Accruals and deferred income 15,516 1,716 1.156 15,306 26.202 8,542 13.296 33,694 48.134 -35-
GIRLS. BRIGADE NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MAY 2024 22 Restricted funds The Stricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to speufic conditions by donors as to how they may be used. At l June 2023 Incoming resources Resources expended At 31 May 2024 173.410 1173,410) Pr•viou5 year: At 1 June 2022 Incoming resources Resources expended At 31 May 2023 166,671 {166.671) 23 Unrestricted funds The unrestricled fvnds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These indude designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 June 2023 Incoming resources Resources expended Gains and losses At 31 May 2024 General funds 2,091.626 619.546 1669,463) 95.129 2,136,838 Previous year: At 1 June 2022 Incoming resources Resources exponded Gains and Iossos At 31 May 2023 General funds 2.100.923 701.823 {693.944) (17.176> 2.091.626
GIRLS. BRIGADE NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024 24 Analysis of net assets between funds Unrestricted Restricted funds funds 2024 2024 Total Unrestricted funds 2023 Restricted funds 2023 Total 2024 2023 Fund balances at 31 May 2024 are represented by.. Intsngible fixed assets Tangible assets Investments Current assetsllliabilitt'es) 21.581 901,183 1,054,283 21,581 901,183 1,054.283 911.864 931.565 911,864 931.565 159,791 159.791 248.197 248.197 2,136,838 2.136,838 2.091,626 2,091.626 Movement in Reserves In¢omlng At 3115123 Resources Resources Expended Transfers At 3115124 Restricted Operational 173.410 714,675 173,410 669,463 2,091,626 2.136.838 2,091.626 888.085 842.873 2,136,838 25 Related party transactions There were no disclosable related party transactions during the year12023- none). 26 Taxallon The company is recognised as a chanty by HM Revenue and Customs under reference N100689. Its activities are therefore exempt from taxation. 27 Analysis of changes in not funds The charity had no material debt during the year. -37-