John Brown University Northern Ireland
Latest income
£426k
Latest spending
—
Accounts read
FY2024
Financial health, per FY2024 accounts
The accounts state that the charity reported net incoming resources of £35,864 for the year ended 30 June 2024, with total income of £425,589 and expenditure of £389,725. The trustees note that the charity's activities are dependent on ongoing contributions from its parent entity, John Brown University, to meet future commitments. Free reserves of £221,782 were held at year-end, which the trustees considered to exceed the charity's stated reserves policy target.
What the accounts disclose
Going concern: doubt noted
“The activities of the charity are dependent on the ongoing contributions from John Brown University. The trustees are of the opinion that the charity has sufficient resources at the date of the approval of these financial statements to meet commitments which will arise in the year.” — page 8
Per FY2024 accounts as filed with CCNI.
Employees paid over £60,000: 0
Per FY2024 accounts as filed with CCNI.
Reserves policy: 10% of annual revenue (held: £222k)
“The organisation will strive to hold in cash, reserves equivalent to a minimum of 10% of annual revenue.” — page 8
Per FY2024 accounts as filed with CCNI.
Largest income source: Donation from John Brown University (87% of income)
“Donation from John Brown University 369,131” — page 21
Per FY2024 accounts as filed with CCNI.
Independent examiner: AAB Group Accountants Limited
Per FY2024 accounts as filed with CCNI.