Company registration number 145122 (England and Wales)
Charity registration number 305969 (England and Wales)
Charity registration number SC038016 (Scotland)
THE BOYS' BRIGADE
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
THE BOYS' BRIGADE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Andrew Baldwin
Lee Bird
Lee Brodie
Alison Chambers
Rev Stewart Cutler
Jaime Ellis
Rev William Fair
Eden Fisher (resigned 10 February 2026)
Gareth Hopkins
Stephen Mann
Jamie Porritt
Gavin Rothwell
Ian Rumbelow
Secretary
Jonathan Eales
Chief Executive Officer
Office Bearers
Rev Dez Johnston
President
Alison Chambers
Vice President
Ian Rumbelow
Vice President
Stephen Mann
Treasurer
Rev Stewart Cutler
Chaplain
Country of incorporation
United Kingdom
145122
(England and Wales)
Charity registrations
England and Wales
305969
Scotland
SC038016
Principal address
Carronvale House
Carronvale Road
Larbert
Scotland
FK5 3LH
Adeyfield Free Church
Maylands Avenue
Hemel Hempstead
Hertfordshire
HP2 4GZ
Registered office
Greenwood House
Greenwood Court
Skyliner Way
Bury St Edmunds
Suffolk
IP32 7GY
THE BOYS' BRIGADE
LEGAL AND ADMINISTRATIVE INFORMATION
Auditor
Whitings LLP
Greenwood House
Greenwood Court
Skyliner Way
Bury St Edmunds
Suffolk
IP32 7GY
Principal Bankers
Barclays Bank PLC
1 Churchill Place
London
E14 5HP
Investment advisors
Rathbone Investment Management Limited
30 Gresham Street
London
EC2V 7QN
THE BOYS' BRIGADE
CONTENTS
Page
Trustees' report
1 - 11
Independent auditor's report
12 - 14
Statement of financial activities
15 - 18
Balance sheet
19
Statement of cash flows
20
Notes to the financial statements
21 - 45
THE BOYS' BRIGADE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT)
FOR THE YEAR ENDED 31 MARCH 2026
- 1 -

The Brigade Executive as Trustees (who are also directors of the charitable company for the purposes of the Companies Act) present their Annual Report (including Strategic Report) together with the audited financial statements of The Boys' Brigade (the charitable company) for the for the year ended 31 March 2026.

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 charitable company's governing document, the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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), and UK Generally Accepted Accounting Practice".

Objectives and activities

The Brigade's principal objective continues to be the advancement of Christ's Kingdom among children and young people.

The primary focus for the organisation has continued to be the delivery of our five-year strategy to improve the quality and consistency of experience for children and young people. The strategy has helped shape the priorities for the Trustees, Sub-Committees, and staff team and is delivered through annual workplans.

 

The strategy is aligned to our Vision that through the organisation children and young people have the opportunity to live life to the full. The Mission of The Boys’ Brigade is to have faith in young people and provide them with opportunities to learn, grow, and discover in a safe, fun, and caring environment which is rooted in the Christian Faith. This is underpinned by the Values of Faith, Caring, Inspiring and Trust.

 

At the heart of the strategy is providing children & young people with the best possible experience and equipping and supporting over 6,000 volunteer leaders across the country.

Public Benefit

Members of The Brigade Executive as Charity Trustees are of the opinion that they have complied with their obligations to have regard to the public benefit guidance as published by the Charity Commission and as required by the Charities and Trustee Investment (Scotland) Act 2005.

Grant making policy

Grants are considered by the Brigade on application.

Strategic report

The description under the headings "Achievements and performance" and "Financial review" meet the company law requirements for the Trustees to present a strategic report.

THE BOYS' BRIGADE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 2 -
Achievements and performance

Supporting volunteers with programme resources and helping create the best possible experience for children and young people remains a priority. Over the year 312 activities have been created, including 40 themed programmes. This represents over 100 hours of content for volunteers to make use of. We continue to work in partnership with others, and over the past twelve months are grateful for the support from Christian Aid, PGL, Young Minds and the University of Greater Manchester.

 

Our partnership with Young Minds included a fund raising challenge which ran throughout the year, as well as activities to equip volunteers in talking about the importance of mental wellbeing with young people.

 

The 80th anniversary of VE Day was the focus of programme resources in May, and young people and volunteers represented the organisation at national events at Westminster Abbey, 10 Downing Street, Windsor Castle, as well as supporting events across the country.

 

Offering experiences for children & young people beyond the weekly programme is also something we have endeavoured to support leaders to provide. In October over 2,500 Juniors took part in the BIG Sleepover across 60 locations, including at 3 nationally hosted events across the country. Resource packs were provided and the young people joined together virtually as part of the event.

 

We are delighted that our partnership with Greater Manchester University has continued throughout the year and has helped fund 6 Adventure Days across the country with over 350 young people taking part. The Adventure Days form part of the Your Future Initiative which is centred on raising the aspirations of teenagers.

 

National Competitions continues to be part of our offering to Companies and during the 2025/26 session over 2,500 young people participated across the range of competitions, representing 162 Companies across the UK & RoI. The Juniors International Team Games attracted entries from 259 Companies, and 268 Companies took part in the Top Team Challenge for over 11s. It has been encouraging to see participation increase in all these activities in recent years.

 

With the support of funding from the Department of Culture, Media & Sport (DCMS), during the year we have held a series of Growth Workshops. The purpose of the workshops was to help volunteers assess capacity and develop a plan for recruitment. The focus of the sessions was on planning a taster/bring a friend night and contained programme resources, together with recruitment materials and signage to improve visibility and tips on how to how to attract new members. We were delighted that 228 Companies to date have taken part in the initiative and the Development & Engagement Team are in the process of evaluating the impact, before we consider how best to build on this format in future years.

Another DCMS funded project has been the Building Stronger Initiative, which has also been supported by the Cashback funding in Scotland. The focus was on building capacity in Companies and expanding our provision for teenagers. Since the project began 225 Companies in England & Wales and 60 Companies in Scotland have got involved. Companies received dedicated support from the Development Team and this was centred around reviewing the offering to young people as well as enhancing the profile and visibility of the Companies in the local community.

 

Following the launch of Social Media Awards in 2024, these were held again in 2025 and was aimed at showcasing best practice and celebrating the ways Companies are embracing social media to raise profile.

 

The Young Leaders Group have continued to work hard at providing opportunities for young leaders. During the year a Young Leaders Weekend was held in North West England, under “Spot Light”, programme resources were created by young leaders for delivery by young leaders in May, and following the successful pilot of the “Elevate” course, opportunities were provided for young leaders to undertake this training. Unfortunately, uptake and participation has been disappointing, and how we best engage with young leaders will be a priority for the year ahead.

THE BOYS' BRIGADE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 3 -

Engaging with external faith partners and denominations to raise the profile of the organisation and explore opportunities to partner in mission is also a key focus. Over the past year we have continued to have a presence at the Christian Resources Exhibition, the National Youth Ministry Weekend, Hand in Hand conference and the Baptist Assembly. We have also supported the Satellites (Youth Scape) and 3Generate (Methodist Church) by providing an activity venue at both festivals. We were delighted to have a “BB Village” at Satellites in 2025 made up of Companies from Harrogate and Gloucester and hope to build on this in 2026.

 

We have started conversations with partner denominations with the aim of developing a number of strategic partners.

A priority has been to support and resource the four stages of the faith journey (Engage, Explore, Encounter & Expand). As an organisation we continue to provide lots of opportunities for Young People to Engage with and Explore the Christian Faith and are looking at how we support young people’s faith journey beyond this. Following the launch of the “Spaces” model, we continue to have a very small cohort of groups operating, and will be evaluating the model in the coming months before deciding on the way ahead.

 

As an organisation we have continued to offer Unite and Cumbrae Camp as opportunities for young people to come together to build relationships, participate in a programme of activities and have the opportunity to encounter Jesus and expand their faith. Following the sale of Felden Lodge, Unite has found a new home at Well End Scout Centre in Hertfordshire.

 

We continue to work closely with a range of partner organisations, especially in the Uniformed Youth Sector in partnerships such as ‘Cashback for Communities’. We also continue to share best practice within the youth sector and highlight to UK and devolved Governments the value of our work with children and young people.

 

Following the independently led consultation in 2025 on the structure of the organisation, the findings were shared with volunteers over the summer and a presentation was given following the AGM in September. Since then a further consultation has taken place regarding member representation on the Brigade Executive, and consultation on the roles & responsibilities of Battalions/Districts/Area Groups will commence in the Autumn. The outcomes and implementation will form part of the new strategy.

 

The current strategy drew to a close at the end of 2025, and the Trustees took the decision to pause before launching a new strategy and to use 2026 to evaluate the learnings from the previous strategy, consider the recommendations of independently led consultations undertaken over the past year, and to consult widely with volunteers before launching a new strategy in 2027.

 

Since the Spring members of the Senior Management Team have been facilitating sessions with Battalions across the country (primarily face-to-face) to reflect on the journey of the past five years and to explore the priorities volunteers have for the period ahead, and how the wider organisation can assist in making these a reality. A summary of the output of these sessions will be shared with volunteers over the Autumn ahead of the launch of the new strategy in 2027.

Strategic oversight is provided by the Brigade Executive (Board of Trustees) and the delivery of strategy is supported by a range of sub-committees. These include groups covering the areas of Programme, Leader Development, Faith, Safeguarding, Finance, Young Leaders, International, Governance, Health & Safety and Pay & Remuneration.

 

The operational delivery is overseen by the Senior Management Team, led by the Chief Executive.

Fundraising practices

The Trustees recognise their responsibilities under this Act and confirm that under the Fundraising Provisions of that Act, they did not employ external fundraisers during the year.

 

The Trustees have also considered the impact of the General Data Protection Regulations on fundraising activities.

 

THE BOYS' BRIGADE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 4 -
Financial review

The charity reports an operating surplus for the year for all funds of £67,692 (2025 – £3,703,147). The net operating surplus for the year disclosed in the Unrestricted Funds was £83,007 (2025 – £3,715,954 ). The Brigade in total reports a surplus after all movements of £98,692 (2025 - £3,746,147) on funds. Before the exceptional sale of Felden Lodge in the previous period, the Brigade in total reports a surplus after all movements of £98,692 (2025 - £466,160). These results exclude funds held as custodian.

Going concern

The Trustees have prepared the financial statements on the going concern basis, and as part of their assessment have considered the five-year financial strategy and forecasts.

 

Budgets continue to be prepared in line with the financial strategy and expenditure will be managed closely, including the deployment of the staff resource, to ensure there is a focus on our strategy to improve the quality of experience for children and young people.

Reserves policy

The charity maintains a level of reserves to allow it to meet its operational obligations and to mitigate against the financial costs of identified risks.

 

The level of reserves is set in the light of risks identified in the Risk Register, which is reviewed quarterly by the board. The key risks identified concern short term cash fluctuations due to timing of receipt of capitation fee income, loss of membership and unexpected costs.

 

The trustees consider that a level of free reserves of £800,000, with £200,000 held as cash is appropriate given the level of risk identified. At 31 March 2026 the general reserves were £772,653 (2025 - £653,912) which the Trustees are satisfied with.

 

The trustees review the level of reserves quarterly and update the policy annually as part of the strategic planning process.

 

Principal funding sources

The Brigade Treasurer, Chief Executive Officer, Finance Manager and Finance Committee continue to review all aspects of the Brigade's operations. Ways are being considered to generate income from outside of the Brigade and also to reduce outgoings. The Brigade is grateful for the financial support received from the Scottish Government, Cashback for Communities and the UK Government. The fees paid by Companies and Leaders largely fund the Brigade, and the Brigade Executive is fully aware of the burden this places upon Companies.

 

Like all charitable organisations, the Brigade is heavily dependent upon the services of unpaid members to deliver front line children's and youth work in local communities as well as undertake local, regional and national work on committees. All of the trustees are volunteers who freely give of their time.

THE BOYS' BRIGADE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 5 -

Pension Fund

The Brigade operates a defined benefit pension scheme for previously eligible permanent employees, the assets of which are funded separately. This scheme was closed to future service accrual from 1 September 2023 and has been closed to new members since November 2000. The buy-out of the scheme to Just retirement has been agreed, and the process is on-going.

 

In accordance with the requirements of the Financial Reporting Standard 102, the net funding deficit or surplus on this scheme, at each Brigade financial year end, would normally be consolidated onto the Brigade Balance Sheet. At the last valuation, as at 31 March 2026, the actuary calculated that there was a funding surplus of £546,000 (2025 - £760,000) on a continuing basis. This asset has not been recognised in the financial statements as the Executive does not consider that it would be recoverable either through reduced contributions in the future or through refunds from the scheme.

 

Contributions to the scheme are based on triennial valuations prepared under different assumptions. The latest available valuation based on the current statement of funding principles as at 1 June 2024 indicated a scheme surplus of £1,265,000.

 

The Brigade also operates a defined contribution pension scheme. Contributions are expensed as they become payable.

Investment policy

The Executive has agreed that the funds under investment be managed by nominee brokers. The present investment policy is to maximise long‑term return of the Brigade's investment fund subject to the risk normally associated with a balanced approach to portfolio management. There is a further proviso that as far as it is reasonably possible investments in institutions that conflict with The Boys' Brigade's beliefs and objectives will be excluded. The fund will be invested between growth‑orientated securities and investment in income bearing securities. Inclusion of overseas direct equity investment is permitted where deemed appropriate. The performance of the fund is measured against the FTSE All Share Index and other relevant indices. Regular reports are provided by the fund manager detailing the progress and relative performance of the fund and these are presented to the Finance Committee on an annual basis.

 

Following the sale of Felden Lodge an Investments Committee has been established. The role of the Committee is to make recommendations to the Trustees on the appetite and attitude to risk as well as reviewing the Investment Policy and holding the Investments Managers to account. The investment performance is monitored monthly and quarterly reports are prepared with the Investment Manager meeting with the Investment Committee every six months as well as making a presentation to the Finance Committee annually.         

    

THE BOYS' BRIGADE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 6 -
Major risks

The Brigade Executive, as Trustees, has introduced a process to assess risk and implement risk management strategies. The risk register has involved identifying the types of risk the Brigade faces, prioritising them in terms of potential impact and likelihood of occurrence, and identifying means of mitigating the risks. The Brigade's financial internal controls are also kept under review.

In addition the Brigade Executive has set policies on internal controls which cover the following:

 

 

The Chief Executive provides the Trustees with regular updates on the risks facing the organisation and the measures taken to mitigate the risk.

 

The Executive undertakes regular risk reviews of all key aspects of the operations of the charity.

The Executive considers the Brigade's exposure to the risk of any significant loss of income and to the risk of unforeseen expenditure, which cannot be mitigated by Executive action, and the degree of risk ascribed to each such event is assessed.    

    

The income streams for the organisation, although stable do not keep pace with inflation, and therefore there is a reliance on external sources of grant funding to deliver strategy. Following the sale of Felden Lodge the level of investment income has risen significantly and this will assist with budget planning.


The Finance Manager has strengthened the reporting processes and expanding the information provided to the Finance Committee in respect to the use of restricted and designated funds, as well as giving a more detailed breakdown of the cashflow forecast. Quarterly account reporting has been introduced to provide comparisons and to identify changes and trends in key lines of income and expenditure. It remains the Brigade's policy not to embark on major initiatives without committed funding.

 

A new five-year financial strategy will be developed over the coming year to support the 2027-2032 strategy.

Plans for future periods

Improving the quality of experience for children and young people remains the priority for the organisation, alongside supporting and equipping our volunteer leaders.

 

The focus of the year ahead will be to determine priorities for the organisation over the coming years as it approaches the 150th Anniversary in 2033. This will involve consultation with volunteers and seeking the views of young people. We will also reflect on the output from the 2026 Company Census and recommendations of other consultations that have formed part of the DCMS funded projects, including on the structure of the organisation and our work with girls & young women. Together, these things will assist the Trustees in formulating a new strategy for the period ahead.

 

The intention is to launch the strategy in Spring 2027 and this will be underpinned by a financial strategy to fund the delivery.

 

Risk Management and Assurance is a priority for the Youth Sector as a whole and will continue to be a focus. During the next twelve months we will be launching new Safeguarding and Managing Risk Hubs to enhance knowledge and support to volunteers.

THE BOYS' BRIGADE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 7 -
Structure, governance and management

The Boys' Brigade is incorporated under the Companies Act as a company limited by guarantee without share capital and is accordingly governed by its Memorandum and Articles of Association, as amended subsequently by special resolution.

The members of the Brigade have each guaranteed liabilities of up to £1. In addition, the Brigade is also a registered charity in England & Wales and Scotland, subject to the regulation of both the Charity Commission and the Office of the Scottish Charity Regulator (OSCR).

Recruitment and appointment of trustees

Members of the Brigade Executive are both Charity Trustees and Company Directors.

 

The Companies, Battalions and Districts within an electoral area appoint persons to the Regional Committees, in order to oversee the Brigade at a regional level. However, the overall management and strategic direction of the Brigade is provided by the Brigade Executive. The Regional Committee in England & Wales and Scotland, each elect three of its members to serve on the Brigade Executive, with The Republic of Ireland Regional Committees electing one of its members to serve on the Brigade Executive. The maximum term of office is six years (two terms of three years) commencing from appointment by the Regional Committee.

 

Office Bearers, comprising of a President, a maximum of four Vice Presidents, a Treasurer and a Chaplain are also elected annually by Brigade Council. The terms of office are a maximum of nine years for President and Vice Presidents, six years for Chaplain and there is no maximum term of office for the role of Treasurer. The Office Bearers elect annually a Vice President to serve as a Trustee (with a maximum term of six years in that capacity). The Treasurer and Chaplain are also Trustees for the duration of their appointment, but except as set out above, the Office Bearers are not Charity Trustees or Company Directors.

 

There is also the provision for four co-opted places which the Brigade Executive can appoint on an annual basis, with a maximum length of six years continuous service.

THE BOYS' BRIGADE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 8 -
Organisational structure

The Brigade Executive is charged with the management and supervision of the affairs of the Brigade:

 

 

 

The Trustees consider the key management personnel of the Charity to be the Senior Management Team, led by the Chief Executive who are responsible for the day-to-day management and operation of the charitable company. All Trustees give their time freely and no Trustee received remuneration in the year. Details of Trustees' expenses are disclosed in the notes to the financial statements.

 

The Chief Executive is the senior member of staff and is the appointed Company Secretary of The Boys' Brigade, a charitable company. The Chief Executive is responsible for the day-to-day management of the Brigade's affairs and for implementing the policies agreed by the Executive.

Induction and training of trustees

Trustees are familiar with the work of the Charity, and other than Office Bearers and co-opted members, are all elected members at Regional Committee level. On appointment members receive induction training to aid their understanding and to develop the competencies required on incorporated, legal, financial, safeguarding, health & safety and service delivery matters. The Trustees are supported by a range of Sub-Committees whose membership is drawn from the Brigade Executive and others from within the organisation and beyond with specific experience and expertise.  

Remuneration policy

The pay of the staff is reviewed annually by the Remuneration Committee and assessed against comparable market rates for similar charitable institutions, having regard to the particular circumstances of the Brigade.

THE BOYS' BRIGADE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 9 -

Health & Safety

The Boys’ Brigade has fulfilled its obligations under the Health & Safety at Work Act 1974. The Brigade has made all reasonable and practical efforts to ensure that all employees have a safe and healthy place in which to work with adequate welfare facilities. Furthermore, it has ensured that all other persons e.g., contractors, visitors, guests, and members of the public are not adversely affected by their work activities or by being present in the surrounding environments.

 

The prevention of all accidents and dangerous occurrences is essential to avoid hardship and suffering to individuals as well as to the efficient operation of the organisation. The Brigade has sought to conform to all health and safety legislation in order to achieve this objective.

 

It shall be the duty of the Management at all levels to set standards, promote and maintain safety in its facilities and activities.

 

The Brigade consults regularly with the work force on health and safety matters. It seeks expert advice, as necessary, from the HSE and other independent consultants on health, medical, fire, environmental and safety matters relating to the work activities.

 

The Brigade provides all relevant information concerning the risks and hazards associated with the jobs, tasks & duties undertaken by its employees and ensures they are adequately trained and supervised in their work functions.

 

All employees must exercise personal responsibility in preventing injury to themselves, other employees and third parties and comply with all the safety measures/procedures taken and set down by the Brigade and statutory bodies.

 

The Brigade provides all relevant information on the health and safety aspects of its work to clients and to regulatory and public authorities, as required.

 

In 2025 a new staff role was created to lead on Risk Management and Compliance across the organisation to ensure the organisation meets its obligations as an employer and strengthens the policies and guidance provided to volunteers.

Accident Reporting    

The Brigade seeks to ensure that staff and volunteers are aware of the need to report all accidents and dangerous occurrences to Brigade Headquarters, without delay, following any accident or occurrence. The requirement for reporting accidents is set out in the Staff Handbook and on the Managing Risk area of the website. Headquarters will, if required, report under the Reporting of Injuries, Diseases and Dangerous Occurrences Regulations 2013.

 

Safeguarding

The Boys’ Brigade has robust safeguarding policies and procedures that take account of legislation, policy and guidance that seeks to protect children in England, Scotland, Wales and the Republic of Ireland. Each area has their own child protection system and laws to help protect children from harm, and whilst there are differences, they are all based on similar principles.

 

Changes in legislation in Scotland under the Disclosure Act 2020 were implemented in April 2025. This has led to a review and resulted in changes to The Boys Brigade Safer recruitment procedures.

THE BOYS' BRIGADE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 10 -
Relationship with wider network

The Brigade provides all relevant information concerning the risks and hazards associated with the jobs, tasks & duties undertaken by its employees and ensures they are adequately trained and supervised in their work functions.

 

All employees must exercise personal responsibility in preventing injury to themselves, other employees and third parties and comply with all the safety measures/procedures taken and set down by the Brigade and statutory bodies.

 

The Brigade provides all relevant information on the health and safety aspects of its work to clients and to regulatory and public authorities, as required.

Relationship with related parties

The accounts disclose the operations of The Boys' Brigade in its position as a limited company and registered charity. They do not consolidate the activities and net assets of the independently constituted local Boys' Brigade Companies, Battalions and Districts, nor of those charities where it acts as a custodian Trustee.

 

None of the Trustees receive remuneration or other benefit other than travel expenses from their work for the charity.

Funds held as custodian trustee

The Brigade holds and administers, for various Companies, Districts and Battalions, as custodian Trustee, investments valued at £2,700,161 at 31st March 2026 (2025 - £2,749,379). The investments are managed by professional fund managers in separately designated accounts. The Brigade also holds legal title as nominee in certain land and buildings in which various Companies, Districts and Battalions are interested.

THE BOYS' BRIGADE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 11 -
Statement of Trustees' responsibilities

The Trustees, who are also the directors of The 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

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 2019 (FRS 102);

- make judgements and estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company 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 charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the charity and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Auditor

In accordance with the company's articles, a resolution proposing that Whitings LLP be reappointed as auditor of the company will be put at a General Meeting.

Disclosure of information to auditor

Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The Trustees' report, including the strategic report, was approved by the Board of Trustees.

Rev William Fair
Trustee
27 July 2026
THE BOYS' BRIGADE
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE BOYS' BRIGADE
- 12 -

Opinion

We have audited the financial statements of The Boys' Brigade (the ‘charitable company’) for the year ended 31 March 2026 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 2026 and of its incoming resources and application of resources, for the year then ended;

-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-

have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 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 charitable company 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 charitable company’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 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 BOYS' BRIGADE
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE BOYS' BRIGADE
- 13 -
Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 and the Charities Accounts (Scotland) Regulations 2006 require us to report to you if, in our opinion:

-

the information given in the financial statements is inconsistent in any material respect with the Trustees' report; or

-

sufficient and proper accounting records have not been kept; or

-

the financial statements are not in agreement with the accounting records; or

-

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

Responsibilities of Trustees

As explained more fully in the statement of Trustees' responsibilities, the Trustees, who are also the directors of the charitable company 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 charitable company’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

We have been appointed as auditor under section 144 of the Charities Act 2011 and section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with the Acts and relevant regulations made or having effect thereunder.

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.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

 

 

 

 

and

 

THE BOYS' BRIGADE
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE BOYS' BRIGADE
- 14 -

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.

 

The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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 charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008 and Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s 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 charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Jaimie King ACA (Senior Statutory Auditor)
For and on behalf of Whitings LLP, Statutory Auditor
Chartered Accountants
Greenwood House
Greenwood Court
Skyliner Way
Bury St Edmunds
Suffolk
IP32 7GY
28 July 2026

Whitings LLP is eligible for appointment as auditor of the charitable company by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

THE BOYS' BRIGADE
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2026
- 15 -
Current financial year
Unrestricted
Restricted
Total
Total
funds
funds
2026
2026
2026
2025
Notes
£
£
£
£
Income and endowments from:
Donations and legacies
3
182,071
20,385
202,456
419,799
Charitable activities
-
Capitation
4
600,867
-
600,867
588,228
Grants
4
63,000
441,297
504,297
778,278
Supplies
4
372,065
-
372,065
374,897
Events
4
54,582
-
54,582
47,616
Training centres Brigade use
4
69,569
-
69,569
79,292
Non-charitable activities
Training centres non-Brigade use
263,836
-
263,836
218,087
Investments
5
254,485
-
254,485
211,472
Licence and service fee
71,069
-
71,069
70,350
Gain on disposal of fixed assets
-
-
-
3,279,987
Total income and endowments
1,931,544
461,682
2,393,226
6,068,006
Expenditure on:
Raising funds
Cost of raising funds
6
157,013
-
157,013
190,843
Training centres non-Brigade use
6
225,275
-
225,275
204,001
Investment management
6
28,642
-
28,642
10,341
410,930
-
410,930
405,185
Charitable activities
Grants
7
-
36,206
36,206
64,650
Supplies
7
327,248
-
327,248
298,812
Training centres Brigade use
7
59,492
-
59,492
125,539
Management and delivery
7
1,016,671
440,791
1,457,462
1,446,006
Total charitable expenditure
1,403,411
476,997
1,880,408
1,935,007
Other expenditure
13
-
-
-
17,852
Total expenditure
1,814,341
476,997
2,291,338
2,358,044
Net losses on investments
14
(34,196)
-
(34,196)
(6,815)
Net income/(expenditure)
83,007
(15,315)
67,692
3,703,147
THE BOYS' BRIGADE
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
Current financial year
Unrestricted
Restricted
Total
Total
funds
funds
2026
2026
2026
2025
Notes
£
£
£
£
- 16 -
Net income/(expenditure)
83,007
(15,315)
67,692
3,703,147
Transfers between funds
36,699
(36,699)
-
-
Other recognised gains and losses:
Actuarial gains on defined benefit pension schemes
21
31,000
-
31,000
43,000
Net movement in funds
10
150,706
(52,014)
98,692
3,746,147
Reconciliation of funds:
Fund balances at 1 April 2025
8,127,994
347,135
8,475,129
4,728,982
Fund balances at 31 March 2026
8,278,700
295,121
8,573,821
8,475,129

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

The notes on pages 21 to 45 form part of these financial statements.

THE BOYS' BRIGADE
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 17 -
Prior financial year
Unrestricted
Restricted
Endowment
Total
funds
funds
funds
2025
2025
2025
2025
Notes
£
£
£
£
Income and endowments from:
Donations and legacies
3
412,658
7,141
-
419,799
Charitable activities
-
Capitation
4
588,228
-
-
588,228
Grants
4
63,000
715,278
-
778,278
Supplies
4
374,897
-
-
374,897
Events
4
47,616
-
-
47,616
Training centres Brigade use
4
79,292
-
-
79,292
Non-charitable activities
Training centres non-Brigade use
218,087
-
-
218,087
Investments
5
209,260
1,504
708
211,472
Licence and service fee
70,350
-
-
70,350
Gain on disposal of fixed assets
3,279,987
-
-
3,279,987
Total income and endowments
5,343,375
723,923
708
6,068,006
Expenditure on:
Raising funds
Cost of raising funds
6
190,843
-
-
190,843
Training centres non-Brigade use
6
204,001
-
-
204,001
Investment management
6
9,629
508
204
10,341
404,473
508
204
405,185
Charitable activities
Grants
7
-
64,650
-
64,650
Supplies
7
298,812
-
-
298,812
Training centres Brigade use
7
125,539
-
-
125,539
Management and delivery
7
790,866
655,140
-
1,446,006
Total charitable expenditure
1,215,217
719,790
-
1,935,007
Other expenditure
13
-
-
17,852
17,852
Total expenditure
1,619,690
720,298
18,056
2,358,044
Net gains/(losses) on investments
14
(7,731)
58
858
(6,815)
Net income/(expenditure)
3,715,954
3,683
(16,490)
3,703,147
Transfers between funds
18,435
-
(18,435)
-
Other recognised gains and losses:
Actuarial gains on defined benefit pension schemes
21
43,000
-
-
43,000
THE BOYS' BRIGADE
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
Prior financial year
Unrestricted
Restricted
Endowment
Total
funds
funds
funds
2025
2025
2025
2025
Notes
£
£
£
£
- 18 -
Net movement in funds
10
3,777,389
3,683
(34,925)
3,746,147
Reconciliation of funds:
Fund balances at 1 April 2024
4,350,605
343,452
34,925
4,728,982
Fund balances at 31 March 2025
8,127,994
347,135
-
8,475,129
THE BOYS' BRIGADE
BALANCE SHEET
AS AT 31 MARCH 2026
31 March 2026
- 19 -
2026
2025
Notes
£
£
£
£
Fixed assets
Intangible assets
15
1
1
Tangible assets
16
1,747,441
1,751,304
Investments
17
6,320,446
5,596,798
8,067,888
7,348,103
Current assets
Stocks
18
212,053
190,200
Debtors
19
150,065
233,771
Cash at bank and in hand
595,204
1,156,200
957,322
1,580,171
Creditors: amounts falling due within one year
20
(451,389)
(453,145)
Net current assets
505,933
1,127,026
Total assets less current liabilities
8,573,821
8,475,129
Defined benefit pension liability
21
-
-
The funds of the charitable company
Restricted income funds
22
295,121
347,135
Unrestricted funds
23
8,278,700
8,127,994
8,573,821
8,475,129

The notes on pages 21 to 45 form part of these financial statements.

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 March 2026.

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 27 July 2026
Rev William Fair
Stephen Mann
Trustee
Trustee
THE BOYS' BRIGADE
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2026
- 20 -
2026
2025
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
27
13,004
528,316
Investing activities
Purchase of tangible fixed assets
-
(3,799)
Proceeds from disposal of tangible fixed assets
-
5,131,095
Investment income received
4,390
6,097
Transfer to investment portfolio
(600,000)
(5,000,000)
Withdrawal from investment portfolio
21,610
74,123
Net cash (used in)/generated from investing activities
(574,000)
201,419
Net cash generated from financing activities
-
-
Net (decrease)/increase in cash and cash equivalents
(560,996)
729,735
Cash and cash equivalents at beginning of year
1,156,200
426,465
Cash and cash equivalents at end of year
595,204
1,156,200

The notes on pages 21 to 45 form part of these financial statements.

THE BOYS' BRIGADE
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 21 -
1
Accounting policies
Charity information

The Boys' Brigade is a private company limited by guarantee incorporated in England and Wales. It is also a registered charity and subject to regulation of the Charities Commission and the Office of the Scottish Charity Regulator in Scotland. In the event of the charitable company being wound up, the liability in respect of the guarantee is limited to £1 per member of the charitable company. The registered office is Greenwood House, Greenwood Court, Skyliner Way, Bury St Edmunds, Suffolk, IP32 7GY. The principal places of business are listed on the charity information page.

 

The nature of the charitable company's operations and principal activities are the advancement of Christ's Kingdom among Boys and the promotion of habits of obedience, reverence, discipline, self-respect and all that tends towards a true Christian manliness.

1.1
Basis of preparation

The financial statements have been prepared in accordance with the charitable company's governing document, the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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)". The charitable company is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charitable company. 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 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 charitable company 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 and which have not been designated for other purposes.

Designated funds comprise funds which have been set aside at the discretion of the Trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

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 charitable company.
1.4
Income
Income is recognised when the charitable company 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.
THE BOYS' BRIGADE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 22 -

Cash donations are recognised on receipt. Other donations are recognised once the charitable company has been notified of the donation, unless performance conditions require deferral of the amount. Capital assets donated to the charitable company are recognised at their fair value at the date of donation. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charitable company 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 from government and other grants, whether capital or revenue grants, are recognised when the charitable company has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably.

Annual capitation contributions from companies are recognised on a cash received basis. The capitation year runs from 1 September to 31 August, and 5/12 of the income received after 1 September is treated as deferred income at the balance sheet date.

1.5
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.

Fundraising costs are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds that will be applied for charitable purposes.

Charitable activities are costs incurred in the charitable company's main operations.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attached are fulfilled. Grants offered subject to conditions which have not yet been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of any irrecoverable VAT.

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.

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:

Copyrights
10% straight line
THE BOYS' BRIGADE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 23 -
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
Nil
Fixtures and fittings
10% straight line

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.

No depreciation has been charged on freehold property since 1991 as the remaining useful economic life of the properties is so long, and the residual values are such that depreciation charges would not be material. Annual impairment reviews are undertaken to confirm that the recoverable amount is not less than the carrying value. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are 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
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow-moving stocks.

Stock is recorded on a first-in, first-out basis.

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.

1.11
Financial instruments

The charitable company 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 charitable company's balance sheet when the charitable company 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.

THE BOYS' BRIGADE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 24 -
Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charitable company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

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 charitable company’s contractual obligations expire or are discharged or cancelled.

1.12
Taxation

As a registered charity, the Brigade is exempt from corporation tax on income and gains which are applied for charitable purposes. The Brigade has a considerable amount of income which is treated as exempt for value added tax purposes, resulting in only a proportion of value added tax suffered on expenditure being recoverable.

1.13
Employee benefits

Termination benefits are recognised immediately as an expense when the charitable company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.14
Retirement benefits

The charitable company operates a defined contribution pension scheme for the benefit of its employees. Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.15

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the charitable company but are presented separately due to their size or incidence.

THE BOYS' BRIGADE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 25 -
2
Critical accounting estimates and judgements

In the application of the charitable company’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.

Critical judgements
Deferred capitation income

The Brigade makes an estimate for deferred capitation income. Contributions from companies are recognised on a cash received basis. The capitation year runs from 1 September to 31 August, and therefore an estimate of 5/12 of the income received after 1 September is treated as deferred income at the balance sheet date.

Defined benefit pension scheme

The Brigade has obligations to pay pension benefits to certain past and present employees. The cost of these benefits and the present value of the obligation depend on a number of factors, including; life expectancy, salary increases, asset valuations and the discount rate on scheme liabilities. These factors are estimated in determining the net pension obligation in the balance sheet based on actuarial advice received. The assumptions reflect historical experience and current trends.

3
Income from donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2026
2026
2026
2025
2025
2025
£
£
£
£
£
£
Donations and gifts
28,528
20,385
48,913
26,626
7,141
33,767
Legacies
153,543
-
153,543
386,032
-
386,032
182,071
20,385
202,456
412,658
7,141
419,799
THE BOYS' BRIGADE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 26 -
4
Income from charitable activities
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2026
2026
2026
2025
2025
2025
£
£
£
£
£
£
Capitation
Charitable income
600,867
-
600,867
588,228
-
588,228
Grants
Grant income
63,000
441,297
504,297
63,000
715,278
778,278
Supplies
Charitable income
372,065
-
372,065
374,897
-
374,897
Events
Charitable income
54,582
-
54,582
47,616
-
47,616
Training centres Brigade use
Charitable income
69,569
-
69,569
79,292
-
79,292
1,160,083
441,297
1,601,380
1,153,033
715,278
1,868,311
Performance related grants analysis
Grants
Grants
2026
2025
£
£
Children, Young People and Families Early Intervention Fund
63,000
63,000
Youth Scotland Generation Cashback Phase 6
126,318
123,954
Bolton University
-
43,400
Uniformed Youth Fund - DCMS
-
547,924
DCMS 2025
314,979
-
504,297
778,278
Charitable trading income

Supplies income relates to sales of uniforms and merchandise to Companies, Battalions, Districts and individuals.

THE BOYS' BRIGADE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 27 -
5
Income from investments
Unrestricted
Restricted
Endowment
Total
Unrestricted
Restricted
Endowment
Total
funds
funds
funds
funds
funds
funds
2026
2026
2026
2026
2025
2025
2025
2025
£
£
£
£
£
£
£
£
Income from fixed asset investments
200,778
-
-
200,778
102,879
1,504
708
105,091
Interest receivable
11,707
-
-
11,707
8,381
-
-
8,381
Net interest on defined benefit pension scheme
42,000
-
-
42,000
98,000
-
-
98,000
254,485
-
-
254,485
209,260
1,504
708
211,472
THE BOYS' BRIGADE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 28 -
6
Expenditure on raising funds
Unrestricted
Restricted
Endowment
Total
Unrestricted
Restricted
Endowment
Total
funds
funds
funds
funds
funds
funds
2026
2026
2026
2026
2025
2025
2025
2025
£
£
£
£
£
£
£
£
Cost of raising funds
Support costs
157,013
-
-
157,013
190,843
-
-
190,843
Training centres non-Brigade use
Direct costs
33,784
-
-
33,784
30,145
-
-
30,145
Staff costs
119,616
-
-
119,616
98,174
-
-
98,174
Support costs
71,875
-
-
71,875
75,682
-
-
75,682
225,275
-
-
225,275
204,001
-
-
204,001
Investment management
28,642
-
-
28,642
9,629
508
204
10,341
Total costs
410,930
-
-
410,930
404,473
508
204
405,185
THE BOYS' BRIGADE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 29 -
7
Expenditure on charitable activities
Grants
Supplies
Training centres Brigade use
Management and delivery
Total
2026
2026
2026
2026
2026
£
£
£
£
£
Direct costs
Staff costs
-
-
31,589
154,358
185,947
Stock purchases
-
244,954
-
-
244,954
Outsourcing management fee
-
56,703
-
-
56,703
Postage and carriage
-
25,591
-
-
25,591
Training catering
-
-
2,975
-
2,975
Training cleaning
-
-
5,946
-
5,946
Funds direct expenditure
-
-
-
309,884
309,884
-
327,248
40,510
464,242
832,000
Grant funding of activities (see note 8)
36,206
-
-
-
36,206
Share of support and governance costs (see note 9)
Support
-
-
18,982
993,220
1,012,202
36,206
327,248
59,492
1,457,462
1,880,408
Analysis by fund
Unrestricted funds
-
327,248
59,492
1,016,671
1,403,411
Restricted funds
36,206
-
-
440,791
476,997
36,206
327,248
59,492
1,457,462
1,880,408
THE BOYS' BRIGADE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
7
Expenditure on charitable activities
(Continued)
- 30 -
Previous year:
Grants
Supplies
Training centres Brigade use
Management and delivery
Total
2025
2025
2025
2025
2025
£
£
£
£
£
Direct costs
Staff costs
-
-
36,311
334,731
371,042
Stock purchases
-
233,142
-
-
233,142
Outsourcing management fee
-
39,168
-
-
39,168
Postage and carriage
-
26,502
-
-
26,502
Training catering
-
-
3,874
-
3,874
Training cleaning
-
-
7,193
-
7,193
Funds direct expenditure
-
-
-
340,779
340,779
-
298,812
47,378
675,510
1,021,700
Grant funding of activities (see note 8)
64,650
-
-
-
64,650
Share of support and governance costs (see note 9)
Support
-
-
78,161
770,496
848,657
64,650
298,812
125,539
1,446,006
1,935,007
Analysis by fund
Unrestricted funds
-
298,812
125,539
790,866
1,215,217
Restricted funds
64,650
-
-
655,140
719,790
64,650
298,812
125,539
1,446,006
1,935,007
8
Grants payable
Grants
Grants
2026
2025
£
£
Grants to institutions:
Other Battalions, Districts and Companies
36,206
64,650
-
THE BOYS' BRIGADE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 31 -
9
Support costs allocated to activities
Raising funds
Training centres Brigade use
Management and delivery
Total
Total
2026
2026
2026
2026
2025
£
£
£
£
£
Staff costs
89,508
-
556,017
645,525
496,446
Depreciation
541
-
3,321
3,862
3,400
Operating lease charges
1,247
-
7,659
8,906
10,277
Training and development
8,716
-
27,917
36,633
34,000
Travel and subsistence
5,807
13
35,364
41,184
45,568
Communications, marketing and events
7,622
170
72,464
80,256
82,863
Computer costs
12,755
773
60,372
73,900
74,698
Office costs
3,340
37
15,061
18,438
15,199
Premises costs
36,372
9,606
21,447
67,425
133,174
Repairs and maintenance
30,873
7,701
10,508
49,082
39,536
Operational support and overheads
3,406
682
6,616
10,704
858
Finance and VAT costs
9,462
-
58,280
67,742
43,549
Insurance
11,878
-
72,963
84,841
89,920
Governance
7,361
-
45,231
52,592
45,694
228,888
18,982
993,220
1,241,090
1,115,182
2026
2025
Governance costs comprise:
£
£
Audit fees
16,800
16,195
Accountancy
4,200
6,713
Legal and professional
24,373
19,549
Committees
7,219
3,237
52,592
45,694
10
Net movement in funds
2026
2025
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
16,800
16,195
Depreciation of owned tangible fixed assets
3,862
3,400
Loss/(profit) on disposal of tangible fixed assets
-
(3,279,987)
Operating lease charges
64,295
55,914
THE BOYS' BRIGADE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 32 -
11
Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits during the year. 5 of them were reimbursed a total of £639 expenses (2025 - 6 were reimbursed £1,078). Trustees are provided with overnight accommodation, if required, when attending meetings.

12
Employees

The average monthly number of employees during the year was:

2026
2025
Number
Number
31
31
Employment costs
2026
2025
£
£
Wages and salaries
780,833
737,743
Social security costs
73,107
68,421
Other pension costs
97,148
159,498
951,088
965,662

The average number of employees during the year expressed as full-time equivalents was 25 full time and 4 part time (2025 - 23 full time and 4 part time).

The number of employees whose annual remuneration was more than £60,000 is as follows:
2026
2025
Number
Number
£60,001 to £70,000
1
1
Remuneration of key management personnel

The remuneration of key management personnel was as follows:

2026
2025
£
£
Aggregate compensation
236,195
231,162
THE BOYS' BRIGADE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 33 -
13
Other expenditure
Endowment
Endowment
funds
funds
2026
2025
£
£
Other expenditure
-
17,852

Other expenditure consists of grants payable from the endowment fund in 2025.

THE BOYS' BRIGADE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 34 -
14
Gains and losses on investments
Unrestricted
Restricted
Endowment
Total
Unrestricted
Restricted
Endowment
Total
funds
funds
funds
funds
funds
funds
2026
2026
2026
2026
2025
2025
2025
2025
Gains/(losses) arising on:
£
£
£
£
£
£
£
£
Unrealised losses on revaluation
(37,968)
-
-
(37,968)
(7,731)
-
-
(7,731)
Realised gains
3,772
-
-
3,772
-
58
858
916
(34,196)
-
-
(34,196)
(7,731)
58
858
(6,815)
THE BOYS' BRIGADE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 35 -
15
Intangible fixed assets
Copyrights
£
Cost
At 1 April 2025 and 31 March 2026
1
Amortisation and impairment
At 1 April 2025 and 31 March 2026
-
Carrying amount
At 31 March 2026
1
At 31 March 2025
1
16
Tangible fixed assets
Freehold land and buildings
Fixtures and fittings
Total
£
£
£
Cost
At 1 April 2025
1,722,455
130,338
1,852,793
At 31 March 2026
1,722,455
130,338
1,852,793
Depreciation and impairment
At 1 April 2025
6,375
95,115
101,490
Depreciation charged in the year
-
3,862
3,862
At 31 March 2026
6,375
98,977
105,352
Carrying amount
At 31 March 2026
1,716,080
31,361
1,747,441
At 31 March 2025
1,716,080
35,224
1,751,304
THE BOYS' BRIGADE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 36 -
17
Fixed asset investments
Listed investments
Cash in portfolio
Total
£
£
£
Cost or valuation
At 1 April 2025
5,590,804
5,994
5,596,798
Additions
1,587,645
(796,971)
790,674
Valuation changes
(34,196)
-
(34,196)
Disposals
(1,103,712)
1,070,882
(32,830)
At 31 March 2026
6,040,541
279,905
6,320,446
Carrying amount
At 31 March 2026
6,040,541
279,905
6,320,446
At 31 March 2025
5,590,804
5,994
5,596,798
Fixed asset investments revalued

The fair value of listed investments, which includes bonds, is determined by reference to the quoted price at the year end. The original cost of investments and bonds, excluding cash is £6,012,580 (2025 - £5,483,837).

18
Stocks
2026
2025
£
£
Raw materials and consumables
2,483
1,183
Finished goods and goods for resale
209,570
189,017
212,053
190,200
19
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
60,564
79,869
Prepayments and accrued income
89,501
153,902
150,065
233,771
THE BOYS' BRIGADE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 37 -
20
Creditors: amounts falling due within one year
2026
2025
Notes
£
£
Other taxation and social security
38,826
22,361
Deferred income
232,136
231,649
Payments received on account
14,332
23,933
Trade creditors
54,521
53,864
Other creditors
56,726
42,400
Accruals
54,848
78,938
451,389
453,145

Deferred income consists of annual capitation contributions received in advance.

21
Retirement benefit schemes
2026
2025
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
24,148
18,498

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

Defined benefit schemes

The charitable company also operates a defined benefit scheme which was closed to new members in November 2000. Under the scheme, the employees are entitled to retirement benefits on a portion of their of final salary on attainment of retirement age. No other post retirement benefits are provided.

 

The administration of the scheme is the responsibility of the Trustees of the scheme, and its assets are held separately from the charitable company. Contributions to the scheme are determined by a qualified actuary on the basis of triennial valuations.

 

The most recent actuarial valuations of plan assets and the present value of the defined benefit obligation were carried out at 1 June 2024 by a qualified, independent actuary. The present value of the defined benefit obligation, the related current service cost and past service cost were measured using the projected unit credit method. The major assumptions used by the actuary are shown in the note below.

 

The scheme closed to future accrual of benefits with effect from 1 September 2023. Benefits in respect of the remaining participating (active) members of the scheme at the date of closure became deferred.

 

During the previous year, the Trustees of the scheme effected a buy-in with Just. The inception date of the buy-in was 25 October 2024 and funds were transferred to Just on 5 November 2024. The asset value of the bulk annuity buy-in policy has been set as equal to the value of the corresponding liabilities in the valuation.

 

With effect from 1 April 2023, all scheme expenses, levies and death in service premiums are being met from scheme funds. The amount included in the SOFA is based on the actual amount of expenses incurred over the accounting period.

THE BOYS' BRIGADE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
21
Retirement benefit schemes
(Continued)
- 38 -
Key assumptions
2026
2025
%
%
Discount rate
5.85
5.50
Expected rate of increase of pensions in payment
3.35
3.2
Expected rate of salary increases
n/a
n/a
Retail price inflation
3.35
3.20
Mortality assumptions

The assumed life expectations on retirement at age 65 are:

2026
2025
Years
Years
Retiring today
- Males
21.6
21.1
- Females
23.9
23.6
Retiring in 20 years
- Males
22.6
22.1
- Females
25.0
24.8
Amounts recognised in the profit and loss account
2026
2025
Costs/(income):
£
£
Net interest on defined benefit liability/(asset)
(42,000)
(98,000)
Other costs and income
73,000
141,000
Total costs
31,000
43,000
Amounts recognised in other comprehensive income
2026
2025
Costs/(income):
£
£
Actual return on scheme assets
(73,000)
1,328,000
Less: calculated interest element
214,000
270,000
Return on scheme assets excluding interest income
141,000
1,598,000
Actuarial changes related to obligations
42,000
(320,000)
Effect of changes in the amount of surplus that is not recoverable
(214,000)
(1,321,000)
Total costs/(income)
(31,000)
(43,000)
THE BOYS' BRIGADE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
21
Retirement benefit schemes
(Continued)
- 39 -

The amounts included in the balance sheet arising from the charitable company's obligations in respect of defined benefit plans are as follows:

2026
2025
Liabilities/(assets):
£
£
Present value of defined benefit obligations
3,147,000
3,325,000
Fair value of plan assets
(3,693,000)
(4,085,000)
Surplus in scheme
(546,000)
(760,000)
Restriction on scheme assets
546,000
760,000
Total liability recognised
-
-

The fair value of scheme assets in these financial statements have been restricted on the basis that the Trustees cannot be reasonably certain that future economic benefits in the form of reduced contributions or a scheme refund will result.

2026
Movements in the present value of defined benefit obligations
£
Liabilities at 1 April 2025
3,325,000
Benefits paid
(392,000)
Actuarial gains and losses
42,000
Interest cost
172,000
At 31 March 2026
3,147,000

The defined benefit obligations arise from plans which are wholly or partly funded.

2026
Movements in the fair value of plan assets
£
Fair value of assets at 1 April 2025
4,085,000
Interest income
214,000
Return on plan assets (excluding amounts included in net interest)
(141,000)
Benefits paid
(392,000)
Other
(73,000)
At 31 March 2026
3,693,000

The actual return on plan assets was £73,000 (2025 - £1,328,000).

THE BOYS' BRIGADE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
21
Retirement benefit schemes
(Continued)
- 40 -
2026
2025
Fair value of plan assets
£
£
Annuities
3,071,000
3,276,170
Cash
622,000
808,830
3,693,000
4,085,000
22
Restricted funds

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

 

Transfers from restricted funds in the period were to general funds. These represent overheads recognised in the general fund which are allowable against restricted grants.

At 1 April 2025
Incoming resources
Resources expended
Transfers
Gains and losses
At 31 March 2026
£
£
£
£
£
£
John Burke Fund
45,708
-
(4,608)
-
-
41,100
Friends of Carronvale
2,469
385
(2,288)
-
-
566
8th Grimsby Funds
45,888
-
-
-
-
45,888
Overseas Work
1,130
-
-
-
-
1,130
Youth Scotland Generation CashBack Phase 5
37,509
-
-
-
-
37,509
Youthlink NVYO Support
30,359
-
(13,429)
-
-
16,930
Bolton University
43,516
-
(22,414)
-
-
21,102
Uniformed Youth Fund
93,593
-
(42,030)
-
-
51,563
Youth Investment Fund
7,263
-
(7,263)
-
-
-
CashBack Phase 6
39,700
126,318
(108,840)
(36,699)
-
20,479
Christian Endeavour Union
-
20,000
-
-
-
20,000
DCMS 2025
-
314,979
(276,125)
-
-
38,854
347,135
461,682
(476,997)
(36,699)
-
295,121
THE BOYS' BRIGADE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
22
Restricted funds
(Continued)
- 41 -
Previous year:
At 1 April 2024
Incoming resources
Resources expended
Transfers
Gains and losses
At 31 March 2025
£
£
£
£
£
£
John Burke Fund
48,287
802
(3,439)
-
58
45,708
Friends of Carronvale
1,235
1,234
-
-
-
2,469
8th Grimsby Funds
46,175
702
(989)
-
-
45,888
Overseas Work
3,046
-
(1,916)
-
-
1,130
Youth Scotland Generation CashBack Phase 5
42,249
-
(4,740)
-
-
37,509
Events England Region
4,352
-
(4,352)
-
-
-
Youthlink NVYO Support
44,056
-
(13,697)
-
-
30,359
Friends of Felden - Name a Chair
2,630
-
(2,630)
-
-
-
London District Fund
-
5,907
(5,907)
-
-
-
Bolton University
21,254
43,400
(21,138)
-
-
43,516
Uniformed Youth Fund
81,914
547,924
(536,245)
-
-
93,593
Youth Investment Fund
26,281
-
(19,018)
-
-
7,263
CashBack Phase 6
21,973
123,954
(106,227)
-
-
39,700
343,452
723,923
(720,298)
-
58
347,135
THE BOYS' BRIGADE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
22
Restricted funds
(Continued)
- 42 -

Donors have directed, or the terms of an appeal have specified, that income arising on these funds should be applied as follows:

 

John Burke Fund - For outdoor activity

Friends of Carronvale - To be applied towards Carronvale House

8th Grimsby Funds - For Anglican companies in formation

Overseas Work - For overseas work

Youth Scotland Generation CashBack Phase 5 - Offering a programme of engaging activities to young people in deprived communities

Youthlink NVYO Support Fund - Support for the young leaders network in Scotland

Bolton University - Engagement Partnership including grants to companies

Uniformed Youth Fund - UYF funding year 1 to increase capacity

Youth Investment Fund - YIF funding to support new units and re-launch existing units

Youth Scotland Generation CashBack Phase 6 - Offering a programme of engaging activities to young people in deprived communities

Christian Endeavour Union - For Ministry Lead

DCMS 2025 - Uniformed Youth Fund funding to increase capacity

 

Funds included in prior year only:

Events England Region - For events in England

Friends of Felden - Name a chair

London District Fund - Development worker in London District

23
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations, legacies and grants which are not subject to specific conditions by donors and grantors as to how they may be used, as well as other net income on activities. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April 2025
Incoming resources
Resources expended
Transfers
Gains and losses
At 31 March 2026
£
£
£
£
£
£
Freehold Property Fund
1,716,080
-
-
-
-
1,716,080
Building Fund
103,695
-
(3,380)
-
-
100,315
Unite Christian Festival England
13,884
18,717
(17,537)
-
-
15,064
Children and Youthwork Fund
152,810
-
-
-
-
152,810
KGVI Fund
767
-
(767)
-
-
-
Strategic Plan Fund
434,465
-
1,767
-
-
436,232
Felden Fund
5,052,381
184,856
(18,385)
(15,215)
(90,111)
5,113,526
General funds
653,912
1,727,971
(1,745,039)
51,914
55,915
744,673
8,127,994
1,931,544
(1,783,341)
36,699
(34,196)
8,278,700
Pension fund
-
-
(31,000)
-
31,000
-
8,127,994
1,931,544
(1,814,341)
36,699
(3,196)
8,278,700
THE BOYS' BRIGADE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
23
Unrestricted funds
(Continued)
- 43 -
Previous year:
At 1 April 2024
Incoming resources
Resources expended
Transfers
Gains and losses
At 31 March 2025
£
£
£
£
£
£
Freehold Property Fund
3,567,189
-
-
(1,851,109)
-
1,716,080
Building Fund
4,148
-
(453)
100,000
-
103,695
Unite Christian Festival England
14,731
16,163
(17,010)
-
-
13,884
Children and Youthwork Fund
102,810
-
-
50,000
-
152,810
England Support
12,351
-
(244)
(12,107)
-
-
KGVI Fund
2,737
-
(1,970)
-
-
767
Scottish Development
8,321
-
(693)
(7,628)
-
-
Strategic Plan Fund
107,055
-
-
327,410
-
434,465
Felden Fund
-
-
-
5,052,381
-
5,052,381
Other smaller funds
675
-
-
(675)
-
-
General funds
530,588
5,327,212
(1,556,320)
(3,639,837)
(7,731)
653,912
4,350,605
5,343,375
(1,576,690)
18,435
(7,731)
8,127,994
Pension fund
-
-
(43,000)
-
43,000
-
4,350,605
5,343,375
(1,619,690)
18,435
35,269
8,127,994

Designated funds relate to amounts transferred from general funds for purposes designated by the Trustees as follows:

 

Freehold Property Fund - To represent the book value of freehold property within the accounts

Building Fund - For property maintenance

Unite Christian Festivals England - To support Christian events within England

Children and Youthwork Fund - For leader training, development and safeguarding responsibilities

KGVI Fund - To support leader training courses in England

Strategic Plan Fund - To fund delivery of strategy

Felden Fund - Proceeds of the sale of Felden Lodge - capital to be invested for the future sustainability of the Brigade the income of which to be used to support the Brigade's day-to-day activities

 

Funds included in prior year only:

England Support Fund - For development and events within the region

Scottish Development Fund - For development work within the region

 

Other smaller funds includes:

Minibus Fund - For the maintenance and upkeep of the vehicle

Kerr Charitable Trust - For development work in Scotland

THE BOYS' BRIGADE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 44 -
24
Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
funds
2026
2026
2026
£
£
£
At 31 March 2026:
Intangible fixed assets
1
-
1
Tangible assets
1,747,441
-
1,747,441
Investments
6,320,446
-
6,320,446
Current assets/(liabilities)
210,812
295,121
505,933
8,278,700
295,121
8,573,821
Unrestricted
Restricted
Total
funds
funds
2025
2025
2025
£
£
£
At 31 March 2025:
Intangible fixed assets
1
-
1
Tangible assets
1,751,304
-
1,751,304
Investments
5,596,798
-
5,596,798
Current assets/(liabilities)
779,891
347,135
1,127,026
8,127,994
347,135
8,475,129
25
Operating lease commitments
Lessee

At the reporting end date the charitable company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2026
2025
£
£
Within one year
4,522
6,122
Between two and five years
-
3,689
4,522
9,811
26
Related party transactions

The Brigade is ultimately controlled by the members collectively. No single party is able to exercise control.

THE BOYS' BRIGADE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 45 -
27
Cash generated from operations
2026
2025
£
£
Surplus for the year
67,692
3,703,147
Adjustments for:
Investment income recognised in statement of financial activities
(212,485)
(113,472)
Donations of investments
-
11,975
Investment management fees
28,642
10,341
Gain on disposal of tangible fixed assets
-
(3,279,987)
Gain on disposal of investments
(3,772)
(916)
Fair value gains and losses on investments
37,968
7,731
Depreciation and impairment of tangible fixed assets
3,862
3,400
Difference between pension charge and cash contributions
31,000
43,000
Movements in working capital:
(Increase)/decrease in stocks
(21,853)
21,979
Decrease in debtors
83,706
258,819
(Decrease) in creditors
(2,243)
(150,347)
Increase in deferred income
487
12,646
Cash generated from operations
13,004
528,316
28
Analysis of changes in net funds

The charitable company had no material debt during the year.

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