Charlty roglstrallon number NIC101286 (Northorn Irèland)
Company registration nurnb•r N1621611
JOHN BROWN UNIVERSITY NORTHERN IRELAND
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

JOHN BROWN UNIVERSITY NORTHERN IRELAND
LEGALAND ADMINISTRATIVE INFORMATION
Trustoes
Dr K Hadley
Dr C Pollard111
Dr R B NoTwood
Secretary
Cyph8r S8rvices Llmited
Charlty number
NIC101288
Company numbor
N1621611
Regl8tered office
50 Bedford Street
Belfast
Co. Antrim
Northem Ireland
BT2 7FW
Audltor
AAB Group Accountants Limited
1 3 Arthur Street
Belf8St
Co. Antrim
Northem Ireland
BT14GA
Bank&rn
Danske Bank
Doneg811 Square West
Belfast
BT1 DJS
Sollcltors
Cleaver Fulton Rankin
50 Bedford Street
Belfast
8T2 7FW
Co. Antrlm

JOHN BROWN UNIVERSITY NORTHERN IRELAND
CONTENTS
Page
Trustees, report
Statement of Trustees. responsibilities
Independent audlto¢$ report
8-12
Statement of flnancAal actlvltles
13
Balance sheet
14
Statement of cash flows
15
Notes to the flnancial statement8
16-22

JOHN BROWN UNIVERSITY NORTHERN IRELAND
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 30 JUNE 2024
The Trustees present their annual report and audited financial stat8rnents for the year ended 30 June 2024.
The accounts have been prepared in accordance with the accounting policies set out in note 1 lo tre accounts
and comply with the charity's governing document, the Companies Act 2006 and 'Accounting and Reporting by
Charities.. Statement of Recommended Pra￿l¢e applicable to charities preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021" (as amended for
accounting periods commencing from 1 January 20191.
Objectlves and Actlvltles
John Brown University Northern Ireland IJBUNI) is a wholly-owned subsidiary of John Brown University IJBU), In
Siloam Springs, Arkansas, United Slates of America {USAI. The John Brown University Irish Studies Program is
conducted through the JBUNI entity, which is the instrument to provide qualified students who will benefit from
and contribute lo the multicultural environments at Lakeside Manor in Belfast, Northern Ireland. We strive to
broaden the JBU exp6ri8nce through the Irigh Studies Programs and to develop Chrisl-cenlered and globally-
awar6 students who can eng898 with people from all backgrounds In order to impact the world for Christ.
The John Brown Universlty Irish Studies Program provides opportunity for North American students, and
students from all comers of the wortd, the opportunity to engage fully with key aspects of literature, art, music,
history and politics in a contemporary Irish setting. JBUNI owns a manor house in Belfast that provides
classroom, living and dining space for these students. Th8 study program5 encompass a rich Irish cultural
experience. Giving real insight into contemporary Irish culture and soaety. guided field-trips are arranged lo bring
Ihe188ming experience beyond the classroom and students enjoy cainl, craic agus ceol I'conversalion, fun and
music'l in both traditional and modem Gontexts.
Publlc Benefit statement
Th& Board has considered the general guidanc8 on public benefit issued by the Charity Commission and has
lak8n due regard of that guidanc8 and is satisfied that the charity's aclivili8s do provide wider public ￿nefit.
Achlevament8 and Pertorman¢e
J8UNI Academlc Programs {as descrlbed to North Amerlcan 8tudontsl
Imagine wandering with 19 universlty students through the rolllng green hllls of Northem Ireland, èxploring
ancient landmarks. and Ihe slte5 of Belfast.
The John Brown Univorslty Irtsh Studies Program, offered each fall and spring s8m8Ster. as well as a summer
term, is a Iransfomiative experience deeply rooted in the country's culture and history.
As part of the Irish Studies Program, you'll lake courses In peacemaklng and reconclllation or on CS Lewis, as
well as Irish art, history, culture, faith, and other electives of interest. While there, you will reside in the historic
l9th-centuryL&o￿L￿￿ on four acres overlooking Wlllis Lake in the quiet suburbs of South Belfast. A
variety of field trips are offered that bring the classroom lectures and discussions to life. You'll also have the
opportunity to visit Gianl's Causeway, Carrick-a-Rede Rope BrSdge and Dunluce Castle before jumping into the
r8freshing, 45-d&gre& Herring Pond as part of the study abroad tradition.
This program is a perfect fit if you have a keen interest in Irish history and politics or have the heart to explore
new places. Wlth an emphasis on pèace and contlict during spring term, you wlll learn peacemaking tools In
Northern Ireland and your own life. During fall term you'll enjoy an emphasis on CS Lewis and his v&iting5.
Summer lemi is a six-week program that provldes JBU cor&curriculum coursework thal Is enhanced by days
filled with exciting site visits.

JOHN BROWN UNIVERSITY NORTHERN IRELAND
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 30 JUNE 2024
Fall Semester
ART 2163 - Irish Art & Culture {Core & Global engagement)
BBL 2033 - Evangelical Theology (Bible Corel
8BL 2043- Christian Formation (Bible Corel
BBL 4483 - Sèlèctèd Toplc8: CS Lowls {REQUIRED for all students)
HST 2023- Int8gratsd Humanitl8s11 (Corel
ICS 2113- Intercultural Communication
INT 4103 - Global Env of Business
Spring S8mester
ART 2163- Irish Art & Culture
BBL 2033- Evangelical Theology
BBL 2043 - Chrlstlan Formation
POL 3223 - Poac• & Conllict Reconclllatlon {requlred for all studenls)
EGL 3043 - Irish Literature
HST 2023 - Integrated Humanilles11: Idsh History & Literature
ICS 2113- Intercullural Communlcatlon
Summer Termlsix weeks)
ART 2163- Irish Art & Culture
BBL 2033- Evangellcal Theology
BBL 2043- Christian Formation
HST 2023 - Integrated Humanilies11- Irish History & Literature
ICS 2113- Intercultural Communication

JOHN BROWN UNIVERSITY NORTHERN IRELAND
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 30 JUNE 2024
ART 2163- Irlsh Art & Culturo
Instructor.. Ross Wilson. Melissa Stevenson
This course studies Irish art forms such as painting, sculpture, architecture, and film. Special attention is given to
the connection beiween art forms and Irish history and culture. As part of the Irish Studies Program, it combines
academic coursework with visits lo important cultural siles in Ireland and guest lecturers from contemporary
artists.
BBL-2033 Evangellcal Theology
Inslnjctor.. James McKeown
Essentials of Evangelical Theology challenges students to exarnine and explore together Chnstsanitvs essential
doctrlnes by introducing them lo theology's historfcal context and helping them practice theology as a lifelong
response to God's call lo live for Christ.
BBL 2043 - Chrl$tlan Formatlon
Instructor.. Helene Steed
With an emphasis on the Irish context, Essentials of Christian Fomialion challenges sltsdents to embody their
faith while assessing God's call lo live for Chdsl. The assignments are designed to help Students develop lifelong
Christlan spiritual practices and habits that help them love God and others.
BBL 4483 - Selected Toplcs: CS Lew18 (Fall only". Roqulred for all fall students)
In8lructor'. Scott Jones
This course provides an in-depth exploration of C.S. Lewis's life, faith, and writings. Through close readings of
$81oCted works, w8 will analyze Lewis's style and technique and his us& of literary devicés to convey his ideas.
Students will also considèr Lewis's enduring legacy and influence on contemporary Chrlstlan thought and hls
ongoing relevance to wider cultural debates on religion, liter81ure, and phllosophy.
EGL 3043 - Irlsh Llteralure
In$lructor.' lan Dickson
This wurse providés an overview of Ireland's literary history, examining selected works of wrller5 Wi11Sam Butlèr
Yeals, Oscar Wilde, George Bemard Shaw, James Joyce, C.S. Lewis, and others. Creallve writing is
emphasized.
H8T 2023 - Integrated Humanltle$ 11- Irlsh Hlstory & Llteratur•
Inslruclor: lan Dickson
With an emphasis on the lrfsh conlexl, this interdisciplinary course explores how the humanitles. through many
varied types of Great Texts, examlne human experiences and r8ise questions of enduring value and m88ning.
The course focuses on the hlstory and literature of Irish ¢ivilizatlon$ In a European worfd context.

JOHN BROWN UNIVERSITY NORTHERN IRELAND
TRUSTEES. REPORT {CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 30 JUNE 2024
ICS 2113 - Intercultural Communlcatlon
Instructor.. Christopher Steed, William Stevenson
This is a study of interpersonal communication in one's own culture and the princSples of effective communication
within another cultural ¢ontext. Attention is given to values, ethnocentricity, nonverbal communication, and
change.
INT 4103 Global Envlronm•nt of 8u8in•$s
Instructor.. Paddy Roche
This course will provide an oveNiew of the relationship bebNeen multinatlonal enterprisès and the &nvlronment In
which they compete. Emphasis will be placed on understanding cultural contexts and informal and fomal
institulions that shape the global &nvlronm8nt.
POL-3223 Peacelconfllct Reconciliatlon (Spring only: Requir•d ft>r all sprlng students)
Instructor.. Willlam Stevenson
An introduction to the basic principle8 and strategies of contlicl transforma￿On through a 'place as toxl, and
'people as texv study of the conflict in Northern Ireland. Attention Is given to George Mitchell's involvement in the
Northern Ireland peac& process. Sludents learn the historical development of the conflict in Northem Ireland,
Interact with people involved in the conflict, and apply their knowledge of the conftlcl and reconcliation proGess in
Northem Ireland to ￿nflict transfomiation In a global con18Xt. Attention Is given lo Chri$liang' role in
peacemaking, beginning in their local communities and extending to countries across the world. Meets the Social
and Behavioral
ciences requir8m8nt of the Core Curriculum.

JOHN BROWN UNIVERSITY NORTHERN IRELAND
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 30 JUNE 2024
Flnan¢lal review
As mentioned eartier, John Brown University Northem Ireland IJBUNII is a wholly-owned subsidiary of John
Brown University IJ8UI. JBU is an Independent Christian university of arts and sciences located In Slloam
Springs. Arkansas USA. Evangelist, author, and radio pioneer John E. Brown founded the J8U in 1919 as an
interdenominational Christian school with an educatlonal philosophy dedicated to the Integrallon of academic
excellence {Headl, moral and spiritual development (Heartl, and professional education (Hand). In 1934, the
stale of Arkansas chartered the institution as a university. Today, JBU contlnues the founder's Head. Heart, and
Hand philosophy with a strong academic emphasis to prepare students to focus their lives toward seNice
through Ihelr profes51on5. Therefore, JBU provides a balanced emphasis of liberal arts and career orientation for
its students. The student body is diverse and unique. J8U serves over 2,200 students from 42 nations and 37
states. 11 has 50+ traditional undergr8duate programs. 14 graduate programs, and 10 online undergraduate
programs. Under USA regulations, J8U is classified as a tax-exempt 501 Icll31 educational organization by the
Intemal Revonu8 Service. As such, It Is exempt from USA federal and Arkansas slate Income tax, and charitable
contributions by the public are deductible for in¢ome tax purposes. During th8 fiscal year ended June 30. 2014,
JBU fom18d John Brown Unlversily Northern Iroland. Both entllies are consolidated in the fin8ncial statements for
JBU in the United States as JBU is the controlling entity. For the year ended June 30, 2024, JBU held a55ets in
excess of $314 milliun IUSDI. Expenses totsled $53 million (USDI.
Th8 eharlty had net incomlng resources at th8 30 Jun8 2024 of £35,864 in comparison lo £24,440 at 31 June
2023. Income for the year ended 31 June 2024 lotalled £425,589 and increased from £344,151 for the year
8nded 30 June 2023. Expenditur8 for the year ended 31 June 2024 totalled £389,725 and increased from
£319,711 for the year ended 31 June 2023.
Reserves Pollcy
The organisallon will strive to hold in cash, reserves equivalent to a minimum of 10'/o of annual revenue. These
reserves are used to meet the charity's strategic objectives of providing students with the opportunity to study
abroad.
Reserves at the year end were £3,015,10312023- £2,979,239) all of which are unrestrict8d.
Free reserves were considered lo be £221.782 at the year end 30 June 2024, exceeding the charitie5 reserves
policy.
Golng Concern
The activities of the charity are dependent on the ongoing contributions from John Brown University. The trustees
8re of the opinion that the charlty has sufficlenl resources at the date of the approval of these financlal
statements to meet commitments which will arise in the year. John Brown University have the overall
responsibility for John Brown Univ8rsity and are committed to finandally supporting the charfly and Ils continuing
aclivilies.
structur•, govèrnance and managamont
The charity Is a company limited by guarantee.
The Trusle8s, who are also the directors for the purpose of company law, and who served during thé year and up
to the date of 5ignatur8 of the financial ststemenls were..
Dr K Hadley
Dr C Pollard111
Dr R B Norwood
None of the Trustees has any beneficial interest in the company. All of the Trust8e5 are mernbers of the company
and guarantee to Gontribute £1 in the 8V8nt of a winding up.
Auditor
In accordanc8 with th8 company's articles, a resolution proposing that AAB Group Accountants Limit8d be
reappointed as Audltor of the company will be put at a General Meeting.

JOHN BROWN UNIVERSITY NORTHERN IRELAND
TRUSTEES. REPORT {CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 30 JUNE 2024
Disclosure of Infomiation to auditor
Each of the Trustees has confim)ed that Ihere is no infomation of which Ih&y are awa￿ which is relevant to the
audit, bLrt of whlch the auditor is unaware. They have further confirmed that they have taken approprlate steps to
idenlify such relevant information and to establish that the auditor is aware of such informatlon.
The Truslees, r&port was approved by the Board of Trustees.
Dr K Hadley
TTuslee
Dated: ....

JOHN BROWN UNIVERSITY NORTHERN IRELAND
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 30 JUNE 2024
The Trustees, who are also the directors of John Brown University Northem Ireland for the purpose of company law,
are responsible for p￿paring the Trustees, Report and the financial statements in accordance with applicable law
and United Kingdom Accounting Standards IUnSted Kingdom Generally Accepted Accounting Practice).
Company Law requir&s the Trustees lo prepare financial slalem&nls for each financial year which give a true and
fair vlew of the state of affairs of Ihe charity and of the incoming resources and application of resources, induding
the income and expenditure, ol tha charltsble company for that year.
In preparing these financial statements, the Trustees are required to..
select suitable accounting policies and then apply Ihem conslstently.,
observ& the methods and prfnciples in the Charilies SORP;
- make judgem&nts and estimates that are reasonable and prudent;
stste whether applicable UK Accounting Standards have been followed, subject io any material departures
disclosed and explained in the financi81 statements,. and
prepare the financSal st8tem8nts on the golng conc8rn basis unless it is inappropriate to presume that the charlly
will continue in operallon.
The Trustees are responslble for keeping 8dequale accounting records that disclose with reasonable accuracy al
any tlme the finandal position of the charity and enable them to ensure Ihal the financial statements comply with the
c.ompanies Acl 2006. They are also r8sponsib18 for 83f8guarding the 38sels of the charity and hencc for talcing
reasonable steps for the prevention and detection of fraud and other irregularities.
Dr K Hadley
Tru8tee
Dated. ..

JOHN BROWN UNIVERSITY NORTHERN IRELAND
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF JOHN BROWN UNIVERSITY NORTHERN
IRELAND
Oplnlon
We hav8 audited the flnanclal statements of John Brown Unlversity Northern Ireland (the
'charity'l for the year ended 30 June 2024 which comprise the slalernent of financlal
aclivitr'es, the balance sheet, the statement of cash flows and notes to the financlal
stalem8nt5, including significant accounting polici8s. Th8 fJnanclal reporting framework Ihal
has been applied in Iheir preparation is appllcable law and United Kingdom Accounting
Standards. including Financial Reporting Standard 102 The Financi81 Reporting Standard
8pplicablg in the UK and Republic of Ire18nd (United Kingdom Generally Accepted
Accounts'ng Practlc81.
In our opinlon, the finan¢ial statements..
give a true and fair view of the state of the ch8ritable company's affalrs as at 30 June
2024 and Df ils incoming resources and appliGatlon of resources, including it5 incorne
and expenditure, for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice.. and
hav8 been pr&pared In accordance wlth the requirements of the CompanSes Act 2006.
Bag18 for oplnlon
We conducled our audit in accord8nce with Internation81 Standards on Auditing IUKI IISAS
IUKII and applicable law. Our responsibilities under those standards are further described in
the Audilc*'s responsibiliti8s for th8 audit of the financial statements section of our report.
We are independent of the charity in 8ccordance with the ethical requirements that are
relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities In accordance wlih these
requirements. We belleve that the audit evidenc6 we have obtained is sufficlent and
appropriate to provide a basis for our opinion.
Concluslons rélatlng to golng concern
In auditing the financial statements. we have concluded Ihal the Trustees, use ol the golng
oncem basis of accounting in the preparation of the financial statements Is appropriate.
Based on the work we have perfornied, wè have not identlfled any materlal unc8rt8intles
relating to event5 or condllions that. individually or collectively, may cast significant doubl on
th8 charity's ability to continue as a going concern lor a period of at least hvelv8 months
from when the financial statements are authorised for issue.
Our responslbilitie5 and the responsibilities of the Trustees wlth respect lo going con¢em
are described in the relevant sections of this report.

JOHN BROWN UNIVERSITY NORTHERN IRELAND
INDEPENDENT AUDITOR'S REPORT {CONTINUED)
TO THE TRUSTEES OF JOHN BROWN UNIVERSITY NORTHERN
IRELAND
Other infomation
The other information comprises the infomialion included in the annual report other than th8
financial statemBnts and our audlloT'S report Ihereon. The TfUStees are responsibl& for the
other infomiation contained within the annual reporL Our opinion on the financial st818ments
does not cover the other information and. except lo the extent otheNis8 explicitly staled in
our report, we do not express any lorm of assurance conclusion Ihereon. Our responsibillty
15 to read the other informallon and, in doing 50, consider whether the other Information is
materially inconsistent with the financial statements or our knowledge obtained in the
course of the audit, or otherwise appears lo be materlally mlsstated. If we identify such
material inconsistencies or apparent rnalerial misstalemenls, we are required lo determlne
whether this gives rise lo a material misstatement in the financial stat8m6nls themselves. If,
based on the work we have performed, we conclude that there Is a material mi55tatement of
this olh8r information, we are rtsquirtsd to report that fact.
W8 have nothing lo report in this regard.
Opinlons on other rnattgr8 proBGrlbed by the Cornpanles Act 2006
In our opinion, based on the work undertaken In the course of our audit..
the infomialion given in the Truslees, report for the financial year for which the
rin8nci81 slalements ar8 pr8pared, which includes the directors, report prepared for
the purposes of company law, 55 consistent wilh the financial statements; and
the director5, report included within the Tnjstees, report has b8en pr&par&d In
accordance with applicable legal requlremenls.

JOHN BROWN UNIVERSITY NORTHERN IRELAND
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF JOHN BROWN UNIVERSITY NORTHERN
IRELAND
Matter5 on whl¢h we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained
in the course of th8 audit, we have not idenlifiod material misslat8m8nts in the diT8Ctors'
report included wlthin the Trustees, report.
Wa have nothing to report in respect of thé following m8tt8r8 in relation to which the
Companies Act 2006 requires us lo report to you if, in our opinion..
adequate 8¢¢ounting records have not been kept, or returns adequate for our audit
have not been received from branches not visited by us: or
the financial statements are not in agreement with the accounting records and r8turns',
or
certaln dlsclosures of trustees, remunératlon specified by18w are not made., or
we have not roc8lv•d all th8 inform811on and explanallons we requlre for our audit., or
the Trustees were not enlltled lo prepare the financial statements Sn accordance wlth
the small companies regime and take advantage of tho 5m811 companies. exemptions
in preparing the Tru5tees' report and from the requirement to prepare a "tratcgSc
report.
Responslbllltits of Trustees
As explained more fully in the Statement of Tw$tees' responsibililles, th8 Trustees, who are
also the dir8clors of the charlty for the purpose of company law, are responslble for the
preparation of the financi81 slalemenls and for being satisfied that they give 8 true and fair
view, and for such internal control as the Trustees determine is nocessary to enable the
preparation of flnancial statements that are free from m8terial misstatement, whether due to
fraud or error. In p￿parIng the financial ststement5, the Trustees are responsible for
assessing the charity's ability to continue as 8 going concem, éisclosing, as applicable,
matters related to going concem and using the going concern basis of accountlng unless
th6 Trustees either intend lo liquidate the charitable company or to cease operallons, or
have no reallstic alternative but to do so.
Audltovg r•spon•lbllltles for th• audlt of the Ilnanclal $tatom•nts
Our objectives ara to obtain reasonable assuranc8 about whether the financial statem8nts
as a whole are free from material misstatement, whether due to fraud or error, and to ISSU8
an audito¢s report that includes our opinion. Reasonabl8 assurance is a high level of
assurance bul 15 not a guarantee Ihal an audit conducted in accordance with ISAS IUKI will
always detect a material misslalemenl when il exists. Misstatement5 can arise from fraud or
error and are considered material if. Sn(Jividually or in the aggregate, they could reasonably
be expecl8d to influence the economic deGisions of users taken on the basis of these
financial st3tementS.
10-

JOHN BROWN UNIVERSITY NORTHERN IRELAND
INDEPENDENT AUDITOR'S REPORT {CONTINUED)
TO THE TRUSTEES OF JOHN BROWN UNIVERSITY NORTHERN
IRELAND
The extent to whlch our procedures are capable of detecllng irregularities. including fraud, is
d8lailed below.
We obtalned an understanding of the le9al and regulatory framework appllc8bl8 to th8
company through enquiry of management. sector research and the application of
cumulallve audit knowl8dge. W8 Sdentified the followlng prSnclpal laws and regulations
Televant lo the Gornpany - Companies Act 2006, Charitie5 Act (Northern Ireland) 2008 and
the Accountlng and R8POrting by Charitl8s.' Statement of R8commended Practice appllcable
to ¢harille5 preparing their accounts in accordance with the Financial Reporting Standard
appllcable in th8 UK 8nd Republic of Ireland IFRS 1021 (effective 1 J8nuary 2019).
W8 d8V81oped an understanding of the key fraud risks to the entity (including how fraud
might occur), the controls in place to help mitigate those risks, and the accounts, balances
and disclosures within the financlal slalements which may b8 Susceptible to management
bias. Our understanding was obtained through review of the financial stat8menls for
significant accounting estimat8s, analysis of journal entries, walklhrough of the k8y controls
cycles iii plac& aiid gllqUIIy uf i?)ai)aiJi*ii)*illl.
Our procedures to respond lo those risks identified included, bul were not limited lo..
Enquiry of management, those charged with govemance and th8 entity's solicitors lor in-
house legal team) around actual and potential liligalion and claims.
Enquiry of enllly staff in tax and compliance functlons lo identify any instances of non-
compliance with laws and regulations.
Reviewing minutes of meetings of those charged with govemance.
Reviewing financlal statement disclosures and tesung to supportlng documenl8llon to
assess compllance with applicable laws and regulations.
Auditing the rlsk of management overrlde of controls, including through testing journal
entries and other adjuslmenls for appropriateness, and evaluating the business rationale of
signific8nl transactions outside the nomial course of business.
A further description of our responsibllltl8s is available on the Financlal Reporting Council,
website at.. https'.IlwvM.frc.org.uklaudllorsresponslblllll8s. This d8scrlptlon forms part of our
audltor's report.
11

JOHN BROWN UNIVERSITY NORTHERN IRELAND
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF JOHN BROWN UNIVERSITY NORTHERN
IRELAND
Thls report Is made solely lo tho compan1$ member5. as a body, In aCc￿danCe with
secllon 391 of the Companles Act 2006. our audit work has been undertakon so that we
might Slate lo the company'B membgTS those matters we arg requlred to stsle lo Ihem in an
audilorfs report and for no olh8r purpose. To the fvllest extent perrnitt8d bylaw. we do not
aGcgPt or assume responslblllty to anyone other than ihe company and the companWs
members a8 a body, for our auLlil wod¢. for thls report or for the aplnlons we have fO￿ad.
T•r•sa Campboll IS•nlor Statutory Audllor)
for and on b*ha￿ of AAB Grgup A¢count•nt• Llmlt•d
Chart•r•d Accountsnts
Statulory Audltar
1 - 3 Arthur Street
8•Wa8t
Co. Antdm
Northem Ireland
12-

JOHN BROWN UNIVERSITY NORTHERN IRELAND
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2024
Unrestricted Unrestrlcted
funds
funds
2024
2023
Note8
Income from:
Donations and legacies
425.589
344.151
Total Income
425,589
344,151
Exp•nditur• on:
Charftable activities
389,725
319,711
Total •xp•ndftur•
389,725
319,711
N•t Incoma and movement In fund•
35,864
24.440
Reconciliation of fund•:
Fund balances at 1 July 2023
2,979.239
2,954,799
Fund balanc85 at 30 June 2024
3.015,103
2,979,239
All income and 8xp8ndllure d8dv8 from continuing activities and Is delemiined as unr8Stricted.
13-

JOHN BROWN UNIVERSITY NORTHERN IRELAND
BALANCE SHEET
ASAT30JUNE 2024
2024
2023
Nots8
Fixed assets
Tangible assets
10
2,793,321
2.884,609
Current assèts
Cash al bank and in hand
227,617
96.082
Credltor8: amounts falllng du• wlthln
one year
11
(5,835)
(1.4521
Net ¢urr•nt a8s•ts
221,782
94.630
Total a88ets1•48 currnnt11obllltl•s
3,015,103
2,979,239
The fvnds of the charity
Unrestricted funds
12
3,015,103
2,979.239
3,015.103
2,979,239
These financial slalements have been prepared in accordance with the provisions applicable lo companies subject
to the Small companies reglme.
The flnancial statements were approved by the Trustees on 2&￿￿2025....
Dr K Hadley
Trustee
Company reglstratlon number N1621611 INorth8m Ireland)
14-

JOHN BROWN UNIVERSITY NORTHERN IRELAND
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2024
2024
2023
Notss
Cash flows frorn operatlng activitie•
Cash generated from oparations
131,535
110,012
Invèstlng actlvltlès
Purchase of tangible fixed assets
(90,5151
Net cash used In inv•sllng actlvltles
(90,515)
Not ￿*h gonerntod from flnan¢lng actlvltlos
Net Incr¢a•e In cash and cash Oqulvalents
131.535
19.497
Cash and cash equlvalents at beginning of year
96,082
76,585
Cash and cash equlvalents at end of year
227,617
96,082
15-

JOHN BROWN UNIVERSITY NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Accounting policies
Charity information
John Brown Unlversity Northern Ireland is a private company limited by guaranlee Sncorporated in Northern
Ireland. The registered office is 50 Bedford Street, Belfast. Co. Antrim, BT2 7FW, Northem Ireland.
1.1 Accounllng convenllon
The accounts have been prepared in accordance with the charity's goveming document, the Companies Act
2006. Charities Act (Northem Ireland) 2008 and "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 IFRS 1021" {as amended for accountlng
periods commencing from 1 January 20191. The charity is a Publlc Benefit Entity as defined by FRS 102.
The financial statements a￿ prepared In stedlng, whSch is the functlonal currency of lh8 charlty. Monètary
amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the hlslorfcal cost conventlon, modlfied lo Snclude certaln financlal
instruments al fair value. The principal accounting policies adopted are sel out below.
1.2 Golng concern
At the lime of approvlng the financial slalements, the Trustees have a reasonable expectation that the charity
has Hdp.qiiAIA rA*¢)Iirr.p.s to c.ontinue in oper81ion81 exi9tenee for Ihe foregeeable future. Thus the Trustees
continue to adopt the going concem basls of accounting in preparing the financial statements.
1.3 Charltable funds
Unreslrfcled funds are available for use al the discretion of the Trustees in furtherance of their charitable
objectives.
Restricted funds are subject to speclfic conditions by donors or grantors as to how they may be used. The
purposes and uses of the restrtcled funds 8re set out In the notes lo the financial slalements.
1.4 Incom•
Income is recognised when the charity ig legally enlllled to it after any performance conditions hav9 been m8t,
th8 amounts can be m88sur8d reliably, and il is probable Ihat incom6 wlll b8 received.
Cash donations are recognis8d on reGèipI. Other donations are re￿gnised once the charity has been notified
of the donation, unless perfomiance conditions require deferral of the amount. Income lax recoverable in
relation lo donations received under Gift Aid or deed5 of covenant is recognised al the lime of the donation.
1.5 Expendlture
Expendilvre is recognised once Iherè Is a legal or constructive obligation to transfer economic benefit to a
third party, 11 is probable that a transfer of econornic 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 dIr￿t costs and
shared costs, including support costs involved in undertaking each activity. Direct costs altributable lo a single
activity are allocated directly to Ihat actlvity. Shared costs which contribute to more than one activity and
SUPPOrt costs which are not attributable to a single actlvity are apportioned between those activities on a basis
con51Stenl with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
Expenditure 15 recognised once there is a legal or constructive obligation to make a payment to a third paty, it
is probable that setUem8nt will be required and the amount of the obligation can be measured reliably.
Expenditure is classified under the following activity headings:
16-

JOHN BROWN UNIVERSITY NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Accountlng pollcles
(Contlnuedl
Expenditure on charitsble activities includes the provisions of food to those in need and activities
undertaken to further the PUTposes of the charity and their associated support costs-
other expenditure represents those items not falllng into any other heading.
1.6 Tanglble flxed assels
Tangible fixed assets are Inlllally rneasured at cost and subsequently rneasured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as lo 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
Computèrs
2 10-5Ok Straight Line
25'A Straight Lln
33•/0 Straight Line
The gain or loss arising on the disposal of an asset is determined as the differanca b&￿een the sala proceeds
and the carrying value of the asseL and is recognised in the slatement of finanaal aclivilies.
1.7 Impaimient of fixed asset¥
Al each reporting end dale, the charity reviews the carrying amounts of its tangible assets to determine
whether thère is any indicalion that those assets have suffered an impairment loss, If any such indicats'on
exists. the recoverable amount of the asset ig egtimaled in order lo detemiine the extent of the Impairment
loss lif any).
1.8 Cash and cash aqulvalonts
Cash and cash 8qulva18nts Include cash In hand, d8POSlts held at call with banks, other short-lerm liquld
investments with original maturities of th￿e months or less, and bank overdrafts. Bank overdrafts are shown
wilhin borrowlngs In cu￿ent liabililles.
Baslc flnancial assets
Basic financial assets, which Include debtors and cash and bank balances, ere initially m88sur8d at
transactlon price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement conslilules a financing transaction, where the Iransaclion is
measured at the present value of the future receipts dlscounted at a market rale of interest. Financial assets
classified as receivable within one year 8re not amortised.
8aslc flnanclal Ilabilitles
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement conslilules a financing transaction. where the debt instrument is measured al the present
Value of the future payments discounted at a market rate of interest. Financial liabilities classified as payab18
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of
operations from suppli8rs. Amounls payable are classified as current liabilitie5 if payment is due within one
year or less. If not. they are presented as non-currenl liabilities. Trade ciedilors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of flnancial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or ar8 discharged or
cancelled.
17-

JOHN BROWN UNIVERSITY NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Accountlng pollcles
(Contlnued)
1.9 Employee benefits
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.
Crltlcal accountlng oStlmat•s and Judg•rn•nts
In the appllcallon of the charlty's accountlng pollcles, the Trustees are requlred to make Judg8ments,
estimates and assumptions about the carying amounl of assets and liabilities that are not readily apparent
from other sources. The esllmates and associated assumptions are based on hlstorical &xperSence 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 lo accounting
esllmal69 are recognlsed In the pedod In which the 8stSmate 15 r8Vlsed where the r8vision affects ￿lY that
period, or in the perlod of the r8vision and future periods where the revision affects both current and future
periods.
Donatlon8 and legaclos
Unrestricted Unrestricted
funds
funds
2024
2023
Donations and gifts
Donation from John Brown University
56,458
369,131
38,512
305,639
425,589
344.151
18-

JOHN BROWN UNIVERSITY NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Charllable activities
2024
2023
Staff costs
Depreciation and impaimient
Accommodation
Bank Fees
C18aning
Purchases - Direct Educational Expenses
Repair5 & Maintenance
89,TT3
91.288
19,tJ)7
570
3.685
10,826
16,112
82,662
87,513
23.478
425
1 ,483
3,873
3,815
k li
Food & Supplies
Travel Expenses
Equipment Hire
Office Expenses
Telephone & Intem81
Printing, Postage & Stationery
Professlonal Fees
Student Costs
36,014
42,545
1.933
19,509
5,237
278
28,453
5,999
18.015
9.628
34,554
15,011
6,682
16.592
371,22g
303,740
Share ol governanc8 costs Is88 note 51
18.496
15,971
389,725
319,711
Support costs allocated to activltl•s
2024
2023
Govemance costs
18,4Q6
15,971
Analysed b•twe•n:
Legal and Professional
18,496
15,971
Not movement In funds
2024
2023
The net movement In funds 1$ slatsd after charglngl(credltlngl',
Fees payable for the audit of the charity's financial statements
Dep￿ciatIOn of owned tsngible fixed assets
5,835
91,288
87.513
Trusts88
None of the Trustees (or any persons connect8d with them) received any remuneratlon or benefits fr￿n the
charlty during the year.
19-

JOHN BROWN UNIVERSITY NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Employe05
The average monthly number of employees during the yearwas..
2024
Number
2023
Number
Employment costs
2024
2023
Wages and $818rles
Social security casts
72,707
17,066
64,102
18.560
89,773
82,662
No employee received remuneration of more than £60,000 during the year12023-NIL) .
Th8re were no employees whose annual ￿mUneratiOn was more than £60,000.
Taxatlon
The charity15 exempt from taxats'on on its actlvilies because all ils income is applied for charitabl8 purposa5.
10 Tanglbla Ilxed assets
Fr••hold 14nd Flxturel •nd
Ind bulldlng4
flttlnqs
Comput•r•
Tot•1
Cost
At 1 July 2023
2,987,009
25,137
4.625 3,016,771
At 30 June 2024
2,987,009
25,137
4.625 3,016,771
D•preclatlon and impalrni¢nt
At 1 July 2023
Depreciation charged in the year
125,717
83,415
4,792
6,347
1,653
1,526
132.162
91,288
At 30 Jun8 2024
209.132
11,139
3,179
223.450
Carrylng amount
At 30 June 2024
2,777,877
13,998
1,446 2,793.321
At 30 June 2023
2,861,292
20,345
2,972 2,884,609
-20-

JOHN BROWN UNIVERSITY NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
11 Credltors: amounts falllng due wlthin one year
2024
2023
Accruals and deferred income
5,835
1 .452
12 Unreslrlctsd funds
Th8 unrestricted funds of the Charfty compris8 the unexpended balances of donations and grants whlch are
not subject to speclfic conditions by donors and grantors as lo how they may be used. These Include
designaled fund5 whiGh have been set aside out of unrestricted funds by th8 trustees for spe¢ific purpo88S.
At 1 July 2023
Incomlng ReJourGO8
re8ourc•s
•xp•nd•d
At 30 Jun•
2024
General funds
2,979,239
425,589
1389,7251
3.015.103
Prevlous year:
At 1 July 2022
In¢omlng Resources
resource8
•xpendod
At 30 Jun•
2023
General fijnds
2,954,799
344,151
{319,711)
2,979.239
13 Analysis of net a85etJ between funds
Unrestrlcted
fund8
2024
At 30 June 2024:
Tangible assets
Current asselsl(liabSllties)
2,793,321
221.782
3,015,103
Unrestricted
funds
2023
At 30 June 2023:
Tangible assets
Current assetsllliabiliti'es)
2,884,609
94,630
2,97g.239
21

JOHN BROWN UNIVERSITY NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
14 Related party transactlon$
John Brown University Northern Ireland is a related paty of John Brown University located in the Unlted
States. During the financial year ended 30 June 2024 John Brown University transferred John Brown
University Northem Ireland £425,58912023- £344,151). During the financial year 30 June 2024 John Brown
University Northem Ireland incurred costs of £43,369 {2023- none) which related to activities for John Brown
University. No arnounl is owed at the year end1202& none).
There were no other related paty Iransactlons within the year. No trustees received any remuneration or
expenses during the year12023- none).
-22-