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← The Girls' Brigade Northern Ireland

2025-05-31-accounts

Draft Financial Statements at 11 August 2025 at 11:34:06 GIRLS' BRIGADE NORTHERN IRELAND

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MAY 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income and endowments from:
Donations and legacies
3
13,346
-
Charitable activities
4
342,796
173,293
Other trading activities
5
303,815
-
Investments
6
25,012
-
Other income
7
10
-
Total income
684,979
173,293
Expenditure on:
Raising funds
8
332,025
-
Charitable activities
9
375,417
173,293
Total expenditure
707,442
173,293
Net gains/(losses) on
investments
14
30,282
-
Net income and movement in
funds
7,819
-
Reconciliation of funds:
Fund balances at 1 June 2024
2,136,838
-
Fund balances at 31 May
2025
2,144,657
-		 Total Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
13,346
2,416
-
516,089
284,594
173,410
303,815
303,508
-
25,012
27,588
-
10
1,440
-
858,272
619,546
173,410
332,025
314,905
-
548,710
354,558
173,410
880,735
669,463
173,410
30,282
95,129
-
7,819
45,212
-
2,136,838
2,091,626
-
2,144,657
2,136,838
-		 Total
2024
£
2,416
458,004
303,508
27,588
1,440
792,956
314,905
527,968
842,873
95,129
45,212
2,091,626
2,136,838

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

Draft Financial Statements at 11 August 2025 at 11:34:06 GIRLS' BRIGADE NORTHERN IRELAND

BALANCE SHEET

AS AT 31 MAY 2025

2025 2024
Notes £ £ £ £
Fixed assets
Intangible assets 16 16,186 21,581
Tangible assets 17 902,592 901,183
Investments 18 1,002,322 1,054,283
1,921,100 1,977,047
Current assets
Stocks 19 110,113 111,829
Debtors 20 18,477 20,877
Cash at bank and in hand 135,192 60,779
263,782 193,485
Creditors: amounts falling due within 21
one year (40,225) (33,694)
Net current assets 223,557 159,791
Total assets less current liabilities 2,144,657 2,136,838
The funds of the charity
Unrestricted funds 23 2,144,657 2,136,838
2,144,657 2,136,838

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 May 2025, although an audit has been carried out under section 65(2) of The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015.

The directors acknowledge 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 obtain 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 statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 18[th] August 2025.

.............................. ..............................
T Davies L Cull
Trustee Trustee

Company registration number NI058531 (Northern Ireland)

Draft Financial Statements at 11 August 2025 at 11:34:06 GIRLS' BRIGADE NORTHERN IRELAND

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MAY 2025

Notes
Cash flows from operating activities
Cash (absorbed by)/generated from
operations
Investing activities
Purchase of intangible assets
Purchase of tangible fixed assets
Withdrawals from investments
Investment income received
Net cash generated from/(used in)
investing activities
Net cash used in financing activities
Net increase/(decrease) in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2025
£

-
(15,671)
100,000
25,012		 £
(34,928)




109,341
74,413
60,779
135,192		 2024
£
£
13,826
(26,976)
(2,728)
(111,523)
27,588
(113,639)
(98,790)
159,569
60,779

Draft Financial Statements at 11 August 2025 at 11:34:06 GIRLS' BRIGADE NORTHERN IRELAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

1 Accounting policies

Charity information

Girls' Brigade Northern Ireland is a private company limited by guarantee incorporated in Northern Ireland. The registered office is C2 Kilbegs Business Park, Fergusons Way, Antrim, BT41 4LZ.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Articles of Association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities 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 functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to 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 Income

All incoming resources are included in the Statement of Financial Activities when the charity is entitled to, and it is probable that it will be received, and the income and the amount can be quantified with reasonable accuracy.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift 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 where this can be quantified. The value of services provided by volunteers has not been included in the accounts.

Grants are included in full in the Statement of Financial Activities when receivable. Where entitlement is not conditional on the recovery of a specific performance by the charity, grants are recognised when the charity becomes unconditionally entitled to the grant. Where related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by it's performance.

Incoming resources from charitable trading activity are accounted for when earned.

Draft Financial Statements at 11 August 2025 at 11:34:06 GIRLS' BRIGADE NORTHERN IRELAND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that a settlement will be required and the amount of the obligation can be measured reliably.

Expenditure is classified under the following headings:

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities and include administration and finance costs.

1.6 Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation 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:

Software 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.

Depreciation 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 1% straight line Fixtures and fittings 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 carrying value of the asset, and is recognised in the statement of financial activities.

1.8 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.9 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Draft Financial Statements at 11 August 2025 at 11:34:06 GIRLS' BRIGADE NORTHERN IRELAND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2025

1 Accounting policies

(Continued)

1.10 Stocks

Stocks are stated 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. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net 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 include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings 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 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented 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 settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction 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 future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified 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 the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors 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 charity’s contractual obligations expire or are discharged or cancelled.

Draft Financial Statements at 11 August 2025 at 11:34:06 GIRLS' BRIGADE NORTHERN IRELAND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025

1 Accounting policies

(Continued)

1.13 Employee benefits

Payments to defined contribution retirement benefit schemes are charged as expenses as they fall due.

The cost of any unused holiday entitlement 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 terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Donations and gifts 13,346 2,416
Total 2024 £ (141) 458,145 458,004 284,594 173,410 458,004
Grants 2024 £ - 173,410 173,410 - 173,410 173,410
Assessment Fees 2024 £ - 260,282 260,282 260,282 - 260,282
Activities for members 2024 £ (141) 24,453 24,312 24,312 - 24,312
Total 2025 £ 2,223 513,866 516,089 342,796 173,293 516,089
Grants 2025 £ - 173,293 173,293 - 173,293 173,293
Assessment Fees 2025 £ - 307,795 307,795 307,795 - 307,795
Activities for members 2025 £ 2,223 32,778 35,001 35,001 - 35,001
4
Charitable activities		 Charitable rental income Other income Analysis by fund Unrestricted funds Restricted funds

5 Income from other trading activities

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Shop income 303,815 303,508
Investments
Unrestricted
Unrestricted
funds funds
2025 2024
£ £
Dividends and other investment income 25,012
27,130
Interest receivable -
458
25,012
27,588

6 Investments

7 Other income

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Miscellaneous Income 10 1,440

8 Raising funds

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Trading costs
Operating Costs 332,378 314,905
Performance of the shop
Turnover 303,815 303,508
Cost of Sales:
Opening Stock 111,829 121,407
Purchases 218,839 200,190
Less Closing Stock (110,113)
(111,829)
Cost of sales 220,555 209,768
Gross Profit 83,260 93,740
Expenditure:
Employment costs 84,338 80,011
Light and heat 5,569 7,387
Bank charges 8,674 9,078
Other 187 111
Packaging 1,288 845
Telephone 2,271 1,793
Stationery 1,149 660
Advertising - -
Depreciation 3,353 2,499
Web support 4,641 2,753
111,470 105,137
Net profit for the year (28,210)
(11,397)

9 Charitable activities

Queens Award
Duke of Edinburgh Scheme
Training
Spiritual
Programmes
GB International Council
Activities
Other charitable expenditure
Share of support costs (see note 10)
Share of governance costs (see note 10)
Analysis by fund
Unrestricted funds
Restricted funds		 2025
£
2,154
2,645
3,753
3,271
980
195
13,231
28,890
55,119
370,922
122,669
548,710
375,417
173,293
548,710		 2024
£
2,610
3,591
1,615
160
1,093
6,430
9,832
18,074
43,405
363,743
120,820
527,968
354,558
173,410
527,968

10 Support costs

Support Governance
costs
costs
£
£
Staff costs
250,034
-
Depreciation
16,305
-
Irrecoverable VAT
expense
9,328
-
Bank and investment
charges
10,594
-
General expenses
4,366
-
Staff travel costs
2,855
-
Staff training
2,835
-
Premises costs
22,252
-
Computer services
19,401
-
Insurance
19,597
-
Marketing and
publications
5,400
-
Printing, stationery and
telephone
7,955
-
Audit fees
-
5,195
Legal and professional
-
5,447
Council and executive
expenses
-
8,258
Employment costs
-
100,743
Volunteer travel costs
-
3,026
370,922
122,669
Analysed between
Charitable activities
370,922
122,669		 2025Support costs Governance
costs
£
£
£
250,034
253,628
-
16,305
16,305
-
9,328
8,961
-
10,594
1,415
-
4,366
3,354
-
2,855
4,216
-
2,835
3,779
-
22,252
29,650
-
19,401
12,462
-
19,597
13,452
-
5,400
4,099
-
7,955
12,422
-
5,195
-
4,725
5,447
-
-
8,258
-
3,788
100,743
-
109,329
3,026
-
2,978
493,591
363,743
120,820
493,591
363,743
120,820		 2024
£
253,628
16,305
8,961
1,415
3,354
4,216
3,779
29,650
12,462
13,452
4,099
12,422
4,725
-
3,788
109,329
2,978
484,563
484,563

Governance costs includes payments to the auditors of £5,195 (2024, £4,960) for audit fees.

11 Net movement in funds 2025 2024
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements 5,195 4,725
Depreciation of owned tangible fixed assets 15,908 15,908
Amortisation of intangible assets 5,395 5,395

12 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

13 Employees

The average monthly number of employees during the year was:

Management
Finance, Admin & Corporate Services
Shop
Training
Total
Employment costs
Wages and salaries		 2025
2024
Number
Number
1
1
8
8
4
4
1
1
14
14
2025
2024
£
£
435,114
442,968

There were no employees whose annual remuneration was more than £60,000.

14 Gains and losses on investments

Unrestricted Unrestricted
funds funds
2025 2024
Gains/(losses) arising on: £ £
Revaluation of investments (54,004) 83,934
Sale of investments 84,286 11,195
30,282 95,129

15 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

16 Intangible fixed assets

Cost
At 1 June 2024 and 31 May 2025
Amortisation and impairment
At 1 June 2024
Amortisation charged for the year
At 31 May 2025
Carrying amount
At 31 May 2025
At 31 May 2024		 Software
£
26,976
5,395
5,395
10,790
16,186
21,581

17 Tangible fixed assets

Freehold land
and buildings
Fixtures and
fittings
Cost
£
£
At 1 June 2024
1,090,975
124,074
Additions
-
15,671
At 31 May 2025
1,090,975
139,745
Depreciation and impairment
At 1 June 2024
202,436
111,429
Depreciation charged in the year
10,910
3,353
At 31 May 2025
213,346
114,782
Carrying amount
At 31 May 2025
877,629
24,963
At 31 May 2024
888,538
12,645		 Total
£
1,215,049
15,671
1,230,720
313,865
14,263
328,128
902,592
901,183

18 Fixed asset investments

Cost or valuation
At 1 June 2024
Additions
Valuation changes
Net movement in cash
Disposals
At 31 May 2025
Carrying amount
At 31 May 2025
At 31 May 2024
19
Stocks
Finished goods and goods for resale
20
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
21
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income		 Listed Cash balance
£
£
1,045,318
8,965
370,651
-
(54,004)
-
-
16,535
(385,143)
-
976,822
25,500
976,822
25,500
1,045,318
8,965
2025
£
110,113
2025
£
3,440
-
15,037
18,477
2025
£
7,009
17,730
4,427
11,059
40,225		 Total
£
1,054,283
370,651
(54,004)
16,535
(385,143)
1,002,322
1,002,322
1,054,283
2024
£
111,829
2024
£
6,262
811
13,804
20,877
2024
£
15,516
1,716
1,156
15,306
33,694

22 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

Previous year: At 1 June
2024
Incoming
resources
Resources
expended
£
£
£
-
173,293
(173,293)
At 1 June
2023
Incoming
resources
Resources
expended
£
£
£
-
173,410
(173,410)		 At 31 May
2025
£
-
At 31 May
2024
£
-

23 Unrestricted funds

The unrestricted funds 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 include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

General funds
Previous year:
General funds		 At 1 June
2024
Incoming
resources
Resources
expended
Gains and
losses
£
£
£
£
2,136,838
684,979
(707,442)
30,282
At 1 June
Incoming
Resources
Gains and
2023
£
2,091,626
resources
£
619,546
expended
£
(669,463)
losses
£
95,129		 At 31 May
2025
£
2,144,657
At 31 May
2024
£
2,136,838
24 Analysis of net assets between funds
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Fund balances at 31
May 2025 are
represented by:
Intangible fixed assets 16,186 - 16,186 21,581 - 21,581
Tangible assets 902,592 - 902,592 901,183 - 901,183
Investments 1,002,322 - 1,002,322 1,054,283 - 1,054,283
Current
assets/(liabilities) 223,557 - 223,557 159,791 - 159,791
2,144,657 - 2,144,657 2,136,838 - 2,136,838
Movement in Reserves
Restricted
Operational		 Incoming
Resources
At 31/5/24
£
Resources
£
Expended
£
0
173293
173293
2136838
715261
707442
2136838
888554
880735		 Transfers
£
At 31/5/25
£
0
0
0
2144657
0
2144657

25 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

26 Taxation

The company is recognised as a charity by HM Revenue and Customs under reference NI00689. Its activities are therefore exempt from taxation.

27 Analysis of changes in net funds

The charity had no material debt during the year.