Charity registration number NIC109663
Company registration number NI694162 (Northern Ireland)
THE NORTHERN IRELAND BOYS' BRIGADE
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
THE NORTHERN IRELAND BOYS' BRIGADE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr G Miller (Chair)
Mr P Dunn (Treasurer)
Rev Dr T J McCormick
Mr D Small
Mr S Boyle
Rev D Dunwoody
(Appointed 29 April 2024)
Secretary
Mrs L Keys
Charity number
NIC109663
Company number
NI694162
Registered office
Newport
117 Culcavy Road
Hillsborough
BT26 6HH
Auditor
Moore (N.I.) LLP
4th Floor Donegall House
7 Donegall Square North
Belfast
BT1 5GB
Bankers
Danske Bank
Donegall Square West
Belfast
Co. Antrim
Northern Ireland
BT1 6JS
THE NORTHERN IRELAND BOYS' BRIGADE
CONTENTS
Page
Trustees' report
1 - 4
Independent auditor's report
5 - 8
Statement of financial activities
9
Statement of financial position
10
Statement of cash flows
11
Notes to the financial statements
12 - 21
THE NORTHERN IRELAND BOYS' BRIGADE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE PERIOD ENDED 31 MARCH 2024
- 1 -

The trustees present their annual report and financial statements for the period ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 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 (FRS 102)" (effective 1 January 2019).

Objectives and activities
Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

 

Advancement of Education

The Northern Ireland Boys’ Brigade offers a comprehensive range of age-specific programmes that cater for the varied interests of children and young people. A balanced programme is based on six key elements to give members the opportunity to learn grow and discover in a safe place: Get Learning, Get Adventurous, Get Involved, Get into the Bible, Get Active, Get Creative. The programmes are aimed at providing opportunities to have fun, but have a special focus on developing individual potential, encouraging community involvement, providing opportunities for children and young people to be listened to and have their say, exploring faith and recognising achievement. The programmes are underpinned by a local support infrastructure and a comprehensive training programme for Leaders and members. Membership of The Northern Ireland Boys’ Brigade is open to children and young people from all sections of society.

 

Advancement of Religion

The Northern Ireland Boys’ Brigade seeks to provide members with an opportunity to explore the Christian faith in a safe, supported and unpressured environment. Faith development opportunities and pastoral support are provided in partnership with local churches, denominations and a range of faith-based organisations. This seeks to benefit individuals and their communities by encouraging responsible citizenship and assisting members to consider and develop a moral framework, whilst offering a context in which the Christian faith can be meaningfully explored and expressed. The Northern Ireland Boys’ Brigade is open and inclusive to all children and young people of all faiths and none. Members do not need to have any prior involvement with the BB Company or the partner church.

THE NORTHERN IRELAND BOYS' BRIGADE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
- 2 -
Achievements and performance

Significant activities and achievements against objectives

 

Throughout the year we worked with:

There were 73 volunteers involved in our Delivery Committee and panels. 35 volunteers were involved in adult and young person training, 11 of these were involved for the first time.

 

Young People Awards:

 

New initiatives delivered:

 

Additional information on the main achievements and activities can be found in the Annual Report. https://boysbrigadeni.org/news/annual-report-june-2024/

Financial review

The net movement of funds amounted to £80,387 expenditure of which £20,591 net expenditure related to unrestricted activities and £59,796 related to restricted funds. Total income generated for the period was £401,175. At 31 March 2024 the Charity had total reserves of £1,031,838, with £428,529 relating to restricted funds.

Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the period.

THE NORTHERN IRELAND BOYS' BRIGADE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
- 3 -
Structure, governance and management

The Northern Ireland Boys’ Brigade continued to support around 11,400 children and young people and 2,300 volunteer leaders through 246 BB Companies and church partners from 9 denominations in Northern Ireland.

During the period 1 April – 31 March 2024 The Boys’ Brigade Ni District negotiated an exit agreement with Boys’ Brigade UK & RoI and set up as an independent charity from 1st September 2023.

To facilitate the new arrangements, a company limited by guarantee was incorporated on 2nd February 2023. The Northern Ireland Boys’ Brigade, Company Number NI694162. The governing document is the Articles of Association. This is supported by the Regulations which provides guidance for the operation of local BBNI companies.

A new charity was registered – The Northern Ireland Boys’ Brigade (NIC109663) which was merged with The Boys’ Brigade Ni District on 1st July 2023.

Recruitment of trustees is outlined in the Articles of Association. Induction of new trustees is conducted by the Chair and / or the Chief Officer.

The trustees delegate day-to-day management responsibility to the Chief Officer, Lisa Keys. The Chief Officer also fulfils the role of the Company Secretary.

Setting pay and remuneration of charity’s key management personnel is considered by the trustees on an annual basis.

The trustees, who are also the directors for the purpose of company law, and who served during the period and up to the date of signature of the financial statements were:

Mr G Miller (Chair)
Mr P Dunn (Treasurer)
Rev Dr T J McCormick
Mr D Small
Mr S Boyle
Rev D Dunwoody
(Appointed 29 April 2024)
THE NORTHERN IRELAND BOYS' BRIGADE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
- 4 -
Statement of trustees' responsibilities

The trustees, who are also the directors of THE NORTHERN IRELAND BOYS' BRIGADE for the purpose 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 year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period.

 

In preparing these financial statements, the trustees are required to:

 

- select suitable accounting policies and then apply them consistently;

 

- observe the methods and principles in the Charities SORP;

 

- make judgements and estimates that are reasonable and prudent;

 

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

 

The trustees are responsible for keeping adequate accounting records that 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.

The trustees' report was approved by the Board of Trustees.

Mr G Miller (Chair)
Mr P Dunn (Treasurer)
Trustee
Trustee
11 June 2024
THE NORTHERN IRELAND BOYS' BRIGADE
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE NORTHERN IRELAND BOYS' BRIGADE
- 5 -

Opinion

We have audited the financial statements of The Northern Ireland Boys’ Brigade (the ‘charity’) for the period ended 31 March 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

-

give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the period then ended;

-

have been properly prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102);

-

have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance 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 with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

 

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, 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 to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

 

We have nothing to report in this regard.

THE NORTHERN IRELAND BOYS' BRIGADE
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE NORTHERN IRELAND BOYS' BRIGADE
- 6 -

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

-

the information given in the trustees' report for the financial period for which the financial statements are prepared, which includes the directors' report prepared for the purposes of company law, is consistent with the financial statements; and

-

the directors' report included within the trustees' report has been prepared in accordance with applicable legal requirements.

Matters on which 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 the audit, we have not identified material misstatements in the directors' report included within the trustees' report.

 

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

-

adequate accounting 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 returns; or

-

certain disclosures of trustees' remuneration specified by law are not made; or

-

we have not received all the information and explanations we require for our audit; or

-

the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the trustees' report and from the requirement to prepare a strategic report.

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

THE NORTHERN IRELAND BOYS' BRIGADE
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE NORTHERN IRELAND BOYS' BRIGADE
- 7 -

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

 

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charitable company.

 

Our approach was as follows:

 

 

 

 

 

As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

 

 

 

 

 

 

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

THE NORTHERN IRELAND BOYS' BRIGADE
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE NORTHERN IRELAND BOYS' BRIGADE
- 8 -

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Dr R I Peters Gallagher OBE FCA (Senior Statutory Auditor)
for and on behalf of Moore (N.I.) LLP
Chartered Accountants
Statutory Auditor
4th Floor Donegall House
7 Donegall Square North
Belfast
BT1 5GB
30 October 2024
THE NORTHERN IRELAND BOYS' BRIGADE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE PERIOD ENDED 31 MARCH 2024
- 9 -
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
Notes
£
£
£
Income from:
Donations and legacies
3
3,049
155,281
158,330
Charitable activities
4
241,085
-
241,085
Investments
5
1,760
-
1,760
Total income
245,894
155,281
401,175
Expenditure on:
Charitable activities
6
266,485
215,077
481,562
Total expenditure
266,485
215,077
481,562
Net expenditure
(20,591)
(59,796)
(80,387)
Transfers to reserves
24
623,900
488,325
1,112,225
Net movement in funds
8
603,309
428,529
1,031,838
Reconciliation of funds:
Fund balances at 2 July 2023
-
-
-
Fund balances at 31 March 2024
603,309
428,529
1,031,838

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

THE NORTHERN IRELAND BOYS' BRIGADE
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2024
31 March 2024
- 10 -
2024
Notes
£
£
Fixed assets
Tangible assets
12
572,574
Current assets
Stocks
13
2,797
Debtors
14
34,539
Cash at bank and in hand
642,252
679,588
Creditors: amounts falling due within one year
15
(220,324)
Net current assets
459,264
Total assets less current liabilities
1,031,838
Net assets excluding pension liability
1,031,838
The funds of the charity
Restricted income funds
18
428,529
Unrestricted funds
603,309
1,031,838

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the period ended 31 March 2024, although an audit has been carried out under section 65 of the Charities Act (NI) 2008 .

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 period 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 11 June 2024
Mr P Dunn (Treasurer)
Trustee
Company registration number NI694162 (Northern Ireland)
THE NORTHERN IRELAND BOYS' BRIGADE
STATEMENT OF CASH FLOWS
FOR THE PERIOD ENDED 31 MARCH 2024
- 11 -
2024
Notes
£
£
Cash flows from operating activities
Cash generated from/(absorbed by) operations
22
1,239,091
Investing activities
Purchase of tangible fixed assets
(598,599)
Investment income received
1,760
Net cash used in investing activities
(596,839)
Net cash used in financing activities
-
Net increase in cash and cash equivalents
642,252
Cash and cash equivalents at beginning of period
-
Cash and cash equivalents at end of period
642,252
THE NORTHERN IRELAND BOYS' BRIGADE
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
- 12 -
1
Accounting policies
Charity information

THE NORTHERN IRELAND BOYS' BRIGADE is a private company limited by guarantee incorporated in Northern Ireland. The registered office is Newport, 117 Culcavy Road, Hillsborough, BT26 6HH.

1.1
Reporting period

FRS 102 3.10 An entity shall present a complete set of financial statements (including comparative information as set out in paragraph 3.14) at least annually. When the end of an entity’s reporting period changes and the annual financial statements are presented for a period longer or shorter than one year, the entity shall disclose the following: (a) that fact; (b) the reason for using a longer or shorter period; and (c) the fact that comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

1.2
Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, 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 investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.3
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.

1.4
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.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.5
Income

Income (including government grants) is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

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.

THE NORTHERN IRELAND BOYS' BRIGADE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 13 -
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
1.6
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 are allocated on the portion of the asset’s use.

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
4% straight line
Fixtures and fittings
10% straight ling

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
Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible 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).

1.9
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.

1.10
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.

THE NORTHERN IRELAND BOYS' BRIGADE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 14 -
1.11
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.

1.12
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.

1.13
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an unrestricted expense as they fall due.

THE NORTHERN IRELAND BOYS' BRIGADE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
- 15 -
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
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
Donations and gifts
3,049
3,681
6,730

Grants

-
151,600
151,600
3,049
155,281
158,330
Grants receivable for core activities
Dormant Accounts Fund NI
-
18,600
18,600
Education Authority
-
95,000
95,000
Rank Foundation
-
28,000
28,000
The Ulster-Scots Agency
-
10,000
10,000
-
151,600
151,600
4
Income from charitable activities
Unrestricted
funds
2024
£

Capitation and membership fees

190,693

Course & letting fees

33,321

Supplies

7,451

Other income

1,951

Room hire

7,669
241,085
THE NORTHERN IRELAND BOYS' BRIGADE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
- 16 -
5
Income from investments
Unrestricted
funds
2024
£

Investment income & interest

1,760
6
Expenditure on charitable activities
Charitable activities
2024
£
Direct costs
Staff costs
157,187
Depreciation and impairment
26,025

Insurance

18,477

Light & heat

8,002

Telephone

2,689

Printing & stationery

19,208

Programme expenses

56,582

Staff deployment

8,488

Travelling expenses

1,672

Advertising & recruitment

35,107

Repairs & renewals

23,308

Amortisation of grant

(3,359)

Bank interest & fees

2,315

Postage

5,187

Licensing fees

84,000
444,888
Share of support and governance costs (see note 7)
Governance
36,674
481,562
Analysis by fund
Unrestricted funds
266,485
Restricted funds
215,077
481,562
THE NORTHERN IRELAND BOYS' BRIGADE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
- 17 -
7
Support costs allocated to activities
2024
£
Governance costs
36,674
2024
Governance costs comprise:
£
Audit fees
3,000
Legal and professional
33,674
36,674
8
Net movement in funds
2024
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
3,000
Depreciation of owned tangible fixed assets
26,025
9
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the period.
10
Employees

The average monthly number of employees during the period was:

2024
Number
8
Employment costs
2024
£
Wages and salaries
142,161
Social security costs
10,611
Other pension costs
4,415
157,187
There were no employees whose annual remuneration was more than £60,000.
THE NORTHERN IRELAND BOYS' BRIGADE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
10
Employees
(Continued)
- 18 -
Remuneration of key management personnel

The total amount of employee benefits received by key management personnel in the period was £72,730. The key management personnel of the charity comprises 3 members of staff to include the Director, Engagement Officer & Training Lead, and the Engagement Officer & Communications Lead.

11
Taxation

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

12
Tangible fixed assets
Freehold land and buildings
Fixtures and fittings
Total
£
£
£
Cost
Additions
547,468
51,131
598,599
At 31 March 2024
547,468
51,131
598,599
Depreciation and impairment
Depreciation charged in the period
21,899
4,126
26,025
At 31 March 2024
21,899
4,126
26,025
Carrying amount
At 31 March 2024
525,569
47,005
572,574
13
Stocks
2024
£
Finished goods and goods for resale
2,797
14
Debtors
2024
Amounts falling due within one year:
£
Trade debtors
2,622
Prepayments and accrued income
31,917
34,539
THE NORTHERN IRELAND BOYS' BRIGADE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
- 19 -
15
Creditors: amounts falling due within one year
2024
£
Other taxation and social security
5,356
Trade creditors
63,713
Other creditors
140,875
Accruals and deferred income
10,380
220,324
16
Deferred income
2024
£
Deferred income at 2 July 2023
-
Resources deferred in the period
136,209
Deferred income at 31 March 2024
136,209

Deferred income is in relation to membership fees which cover the period September to August each year.

17
Retirement benefit schemes
2024
Defined contribution schemes
£
Charge to profit or loss in respect of defined contribution schemes
4,415

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

THE NORTHERN IRELAND BOYS' BRIGADE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
- 20 -
18
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.

At 2 July 2023
Incoming resources
Resources expended
Transfers
At 31 March 2024
£
£
£
£
£
Wing. Comm J S Higginson
-
-
-
100
100
T G Robinson
-
-
-
250
250
J M Shearer
-
-
-
1,130
1,130
Mr & Mrs J S Alexander
-
-
-
5,481
5,481
Mrs J Gifford
-
-
-
1,000
1,000
Mrs W H McBicker
-
-
-
3,100
3,100
Judge Lockett - KG VI Programme
-
-
-
1,000
1,000
NIHQ Appeal
-
3,681
(10,950)
249,515
242,246
Friends of Newport
-
-
-
45,872
45,872
Activities to further BB Object
-
95,000
(133,193)
45,574
7,381
Furnishings
-
-
-
2,140
2,140
Wear & Tear
-
-
-
2,140
2,140
Chapel Grant
-
-
-
35,000
35,000
Dormant Accounts Fund NI
-
18,600
(28,326)
41,930
32,204
Rank Foundation
-
28,000
(26,902)
11,653
12,751
Rank Foundation - Training
-
-
(1,349)
1,349
-
Reta Lila Howard Foundation
-
-
(14,357)
41,091
26,734
The Ulster-Scots Agency
-
10,000
-
-
10,000
-
155,281
(215,077)
488,325
428,529
19
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.

At 2 July 2023
Incoming resources
Resources expended
Transfers
At 31 March 2024
£
£
£
£
£
General funds
-
245,894
(266,485)
623,900
603,309
THE NORTHERN IRELAND BOYS' BRIGADE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
- 21 -
20
Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
At 31 March 2024:
Tangible assets
286,294
286,280
572,574
Current assets/(liabilities)
317,015
142,249
459,264
603,309
428,529
1,031,838
21
Related party transactions

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

22
Cash generated from operations
2024
£
Surplus for the period
1,031,838
Adjustments for:
Investment income recognised in statement of financial activities
(1,760)
Depreciation and impairment of tangible fixed assets
26,025
Movements in working capital:
(Increase) in stocks
(2,797)
(Increase) in debtors
(34,539)
Increase in creditors
220,324
Cash generated from/(absorbed by) operations
1,239,091
23
Analysis of changes in net funds/(debt)

The charity had no material debt during the year.

24
Transfer to reserves

During the period 1 April – 31 March 2024 The Boys’ Brigade NI District negotiated an exit agreement with Boys’ Brigade UK & RoI and set up as an independent charity from 1st September 2023.

To facilitate the new arrangements, a company limited by guarantee was incorporated on 2nd February 2023. The Northern Ireland Boys’ Brigade, Company Number NI694162.

A new charity was registered – The Northern Ireland Boys’ Brigade (NIC109663) which was merged with The Boys’ Brigade NI District on 1st July 2023.

Funds from The Boys' Brigade NI District were transferred to The Northern Ireland Boys' Brigade on 1st July 2023.

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