Charity rngistration number 1062884
Company registration number 3380601 (England and Wales)
BRAINS MATTER CHARITY
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

BRAINS MATTER CHARITY
LEGAL AND ADMINISTRATIVE INFORMATION
Patron
Chloe Teacher
Vlce patron$
TonyAdam5 MBE
Greg Clark MP
Pam Munro MBE
Professor Michael Oddy
Prosldènt
Judy Horwood
Board of trusteos
J Clark-Wlson
J Barker
E Fardell
E Johnson
J Kennedy
S Pearce
P Lester
(Appointed 7 March 2024)
SecreLIry
E Fardell
Key managoment personnel
Kevin Bottrell (Business manager)
Charfty number
1062884
Company number
3380601
C•ntre & Reglstered offic•
3 Culverden Park
Tunbridge Wells
Kent
TN4 9QT
01892 619001
info@brainsmatter.or9.uk
Y•ww.brainsmatter.org.uk
Independont oxamlner
Foot Davson Ltd
Lonsdale Gale, Lonsdale Gardens
Tunbridge Wells
Kent
TN1 1NU
Bankern
CAF Bank
25 Kings Hill Avenue
West Malling
Kent
ME19 4TA
Investment advlsors
Evelyn Partners
25 Moorgate
London
EC2R 6AY

BRAINS MATTER CHARITY
CONTENTS
Page
Trustees, report
Slatemènl of responsibilities
Independent examinels report
Statement of financial a￿1VitieS
Balance sheet
9-10
Notes to the financial statements

BRAINS MATTER CHARITY
REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2023
The truslees present their annual report and financial statements for the year ended 31 December 2023.
The financial slatements 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 and
"Accounting and Reporting by Charities.. Slalement of Recommended PTactiGe applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applirAble in thè UK and Republic of Ireland {FRS
102)" leffeclive 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives
The Charity's objectives are set out in the Memorandum of Association are lo:
Advance, promote and assist in the rehabilitation of persons who have suffered head injuries resulting in brain
damage and who reside in the area al which the Charity's activities are targeted {as determined by the Charity
from time to limel. by the provision of such seNices and facilities as may from lime to lime be delermined by it.,
Support. inform and guide carers and families of people who have suffere(J head injuries: and
Maintain, develop and manage a Centre to assist with the rehabililalion of head-injured peisons and lo co-
operate wilh any olher bodies in the mainlenance and management of such a Centre for the carrying on of all
such activities as may be promoted by the Charity in furtherance of its object.
The Charity also has the general aim to support preventative measures to reduce the incidence and severity of
brain injury.
The trustee5 have paid due regard to guidance issued by the Charity Commission in deciding what activilies the
charitable company should undertake.
Actlvities
To achieve these objectives the Charity carries out the following activities:
Communicates the range of the Charity's seprfices to local authorities, h8alth¢are providers and the general
public.,
Provides Centre based seNices for Ihose living with brain injury, their families and carers.,
Provides Drop-ln seNices for those living with brain injury, their families and carers.,
Provides a one to one wellbeing support servi¢è within the community..
Idenlrfies a range of appropriate activities that meet the needs of ils service users, their families and Carers;
Undertakes fundraising aclivilies lo generate income lo meet the Charity's objectives., and
Ensures that all staff and volunteers receive the training and support necessary in their work.
The Cenlre based service is provided in Tunbridge Wells, ¢urrenlly thrèè days a week. The Charity receives
payments from KCC, who pay a portion of the daily costs for individual users. Fees are also received from privale
Users.
The Charity has provided Drop-ln ￿ntre$ based in Sevenoaks. Maidstone and TunbTid9e Wells.
The Charrty has a Community Wellbeing Service, which has provided valuable support to those requiring the
additional help of a support WOTker on a one to one basis.
Public Benefit
The specialist requirements for assisting children preclude the Charity from providing services to children with brain
injury under the age of eighteen. Otherwise, the Charity's services are available to all people with a brain injury,
subject lo an assessment of need, regardless of rac£, gender, religion, ethniGity or social grouping.
The Iruslees ¢onfimi that they have considered the guidance contained in the Charity Commission's general
guidance on public benefit when reviewing the Charily's aims. objective5 and operations. They are satisfied that the
provision of services ensure5 Ihat the public benefit requirements are fully met.

BRAINS MATTER CHARITY
REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
The charity has developed over Ihe past year to deal with the challenging landscape that many small charities and
groups are facing. With Local Authority cutbacks funding is increasingly difficult lo obtain, the ever-rising cost of
living means utilities and other oulgoings have increased greatly and grant giving Irusts and foundalions are scaling
back on their grant making activities in all but their key priority areas.
The Board of Trustees have worked closely with Kevin 8ottrell the charrty's Business Manager to monitor and
review the financial status of the charity, the services provided and the needs of the Brains Matter client group, In
the pasi year new pro¢esses and proceduTes have enabled the charity to become more agile and responsive lo
external factors.
The charity has adopted a 'whole team, approach lo development. All staff members are involved in fundraising
markeling and networking and regular team meetings ensure that staff are working lo a common goal and that
joined up working is in place.
In the Tunbridge Wells Activity Centre there has been an increase in the range of activities provided with all
activities aimed al encouraging neuro-rehabilitation and in¢lude a greater emphasis on physical aclivilies to support
strength and balance and handleye coordination. Arts and craft sessions remain popular wilh Clients as do quizzes
and word games. These activities are all supported by a small team of dedicated volunteers.
We have a new full lime Wellbeing CoordinaloT following ihe retirement of our tsvo part lime Staff. Our new team
member brings with her a wealth of experience and the Wellbeing Service continues lo provide a valuable
community based seNi¢e with staff providing one to one support lo clients with brain injury to help them achieve set
goals and aspirations.
The Maidstone drop in moved to a new venue this year and attendee numbers remain steady. This year we have
introduced talks from héalthcare professionals on top1¢5 chosen by our clients. Sevenoaks drop in remains popular
wrth a small number of clients who value the opportunity to meet friends in a relaxed community environment.
Through our networking and promotional activities excellent links and relationships are being built with healthcare
professionals, key personnel with Kent County Council, charities and community groups and local businesses and
sports clubs. We have been well supported by the local voluntary sector wilh us sharing information and resources,
referring clients lo each other and making use of networks and contacts.
Working with a specialist Brain Injury fimi of solicitors we have an ABI navigator working across hospital srtes and
rehabilitation seNios lo support clients with brain injuries and their families and raise the profile and presence of
the charity in the community.
Our online presence has increased greally this year across our upgraded website and social media platforms. The
website is updated regularly with news and information for clients and their families.
Our social media is very active with a mixture of client slories, information about brain injury and news of what our
dients have been doing with us and the trips we have been on.
We have a new website coming online in August 2024. The new website will be easier to navigate and will have a
new look and additional features such as a web shop, an enhanced infomalion library and more inleractive pages.
We produce a newsletter every months and the mailing list for this has nearly doubled over the last year. The
newsletter contains informalion, stories. dates for the diary regarding upcoming events and pictures of clients
engaging in a variety of activilies. We welcome feedback and contributions from clients, family membèrs and other
ocal charities and community groups.

BRAINS MATTER CHARITY
REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Staff
Kevin Bottrell the Charity's Business Manager continues to lead Brains Matter and conducted a root and branch
review of charity operations and is reducing outgoings whilst increasing Ihe range and scope of activities and
seNices for clients and families.
Deputy Manager Lisa-Rae Brough supports clienls and is developing links with community groups and local
businesses
Jane Stanley, our Finance Officer looks after the charity's finances with Kevin, pays bills and sends out invoices and
manages much of the day lo day facilities functions.
This year Jenny Wlson moved on to a student support role with a local school. We have employed Julie Hemsley
and Katie Hughes lo the roles of Activities Coordinators. Both bring a greal deal of experience and have brought a
fresh outlook to our centre-based provision and have introduced a number of new a¢tivities. Julie and Katie also
plan future events and look after our social media. newsletter and website functions.
Sarah LeefethGriffilhs and Julie Ransom (the Wellbeing Team) both retired in Mar¢h 2024. Our new, full time
Coordinator Tyne Chambers has joined the team and is working wilh clients on a one-to-one basis both in their
homes and in community settings.
Our ABI Navigator role is currently vacant and we are searching for a suitable Candidate to join the team. Our ABI
and hospital Work is presently being covered by other leam members.
Trustees
The Board of Trustees have ￿rna1ned consislent over the past year. Unfortunately Angela Miles had lo leave in
March 2024 but Paul Lesler. from Cripps Solicitors, has been welcomed on the board and has provided invaluable
support.
The Trustees have regular meelings and any ¢ommunication. as required to support any decisions that have
needed to be made for future development of the charity.
FINANCIAL REVIEW
Balance Sheet
At 31 December 2023 the Charity had lolal reserves of £524,836 as delailed in note 20 to the accounts. The
premise5 at 3 Culverden Park have a net book value of £497.526 and are owned outright.
S.O.F.A.
For the year ended 31 December 2023 the Charity had a net deficit of £26,073.
The Charity's existin9 core activities providing Ihe day services {including the Dropln services and an informationl
support seNice) generated £54,533 in fee income and incurred £183,524 in associated unrestricted expenditure.
This resulted in a deficil of £128,991 which was primarily funded from reserves.
The Wellbeing Support activity generated £21,329 income during the year and incurred £20,897 in association
unrestricted expenditure. This resulted in a surplus of £432.
Donations and legacies of £73,448 were received.

BRAINS MATTER CHARITY
REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Reseryes policy
Note 20 lo the accounts show the assets and liabilities attributable lo the various funds. Unrestricted funds have
been used during the year to fund the deficit arising.
The Irustees. reserves policy is reviewed on an annual basis and aims to maintain unreslficled funds as a level to
allow sufficient liquidity for nomial operations, to support the development of servicès and activities provided by the
Charity and Provide for a reasonable sum for contingencies. The reserve position is considered alongside the
Charity's annual budget and forecasl cash flow requirements.
Whils1 reserves remain low, positive changes are being seen in the Charity's financial position and il remain5
priority of the trustees and business manager to ensure reserves are replenished as soon as possible lo ensure we
are operating in line with our reserves policy.
PLANS FOR FUTURE PERIODS
Whilst nol reflected in this year's financial results, plans for the future remain extremely positive. Financial support
by way of a part loanlpart grant has been provided by the Charity's bank and these funds will enable the Charily lo
continue with ils strategic development plans.
The Changes introduced by the business manager and his laam have started to have a po$ilive impact, not just on
the financial position since the year end but also within the Charity itself and among the trustees, staff, volunteers.
and clients.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Govemlng Document
Brains Matter Charity is a company limited by guaranlee governed by ils Memorandum and Articles of Association
dated 3 June 1997 as amended by special resolutions daled 2 July 2012 and 15 May 2017. 11 is registered as
charity With the Charity Commission, number 1062884.
The trustees. who are also the directors for the purpose of Company law. and who served during Ihe year and up lo
the date of signature of the financial statements were..
J Clark-wilson
J Barker
E Fardell
E Johnson
J Kennedy
S Pearce
A Miles
P Lesler
(Retired 17 March 2024)
(Appointed 7 March 2024>
Appolntment of Trustees
The President, Chairman, Treasurer. Company Secretary and other trustees are elected by members at the Annual
General Meeling and seNe until the conclusion of the following Annual General Meeting. As part of the selection
process, due consideration is given to the individual's personal knowledge and the experience they would bring to
the governing body.
The Charity complies with the requirements of the Charity Commission for governance. This includes the induction
and training of Iruslees, staff and volunteers.
Organisation
The board of trustees, which can have up lo 12 members, administers the Charity. The trustees meet regularly to
manage its affairs. The day-lo-day adminislralion of the Charity is delegated lo the Business Manager.

BRAINS MATTER CHARITY
REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Rlsk management
The trustees have examined the major risks lo which the charity is exposed and have developed systems to
mitigate any impact they may have on the charity's future. It IS Tecognized that no system can give an absolute
assurance againsl major risks.
Dlsclosure of Infomiatlon to Independent examlner
In so far as the trustees are aware at the lime of approving the truslees, annual report.,
There is no relevant information of which the charitable company's independent examiner is unaware, and
The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant
information and lo establish that the independent examiner is aware of that infomiation.
The report was approved by the Board of Trustees.
J Clark-wilson
Chalmian
Date..

BRAINS MATTER CHARITY
STATEMENT OF RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees. who are also the directors of Brains Matter Chaflty for the purpose of company law, are responsible
for preparing the Report and the financial statements in accordance with applicable law and United Kingdom
Accounting Standards {Uniled Kingdom Generally Acceptèd Accounting Practice).
Company Law requires the twslees to prepare financial statements for each financial year which give a true and fair
view of the slate of affairs of the ¢harilable company and of the incoming resources and application of resources,
including the income and expendrture, of the charitable company for that year.
In preparing these financial statements, the truslees 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 lo presume that the
charitable Company will conlinue in operation.
The trustees are responsible for keeping adequate accounting records Ihal disclose with reasonable accuracy al
any time the financial position of the charitable company and enable them lo ensure that the financial statements
comply with the Companies Act 2006. They are also responsible for safegLsarding 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 inlegriiy 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 slalemenls may differ from legislation in other jurisdictions.

BRAINS MATTER CHARITY
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF BRAINS MATTER CHARITY
I report lo the trustees on my examinalion of the financial statements of Brains Matter Charity (the charitable
company) for the year ended 31 December 2023.
Responsibilities and basis of report
As the trustees of the charrtable company {and also its directors for the purposes of company law) you a
responsible for the preparation of the financial statements in accordance with the requirements of the Companies
Acl 2006 (the 2006 Act).
Having satisfied myself that the financial statements of Ihe ¢haritable Company are not required to be audited under
Part 16 of Ihe 2006 Act and are eligible for independent examination, I report in Tespecl of my examination of the
charitable company's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In
carrying out my examination I have followed all the applicable Directions given by the Chariiy Commission under
sedion 145(5>{bl of the 2011 Act.
Independent examlnevs ststement
I have completed my examination. I confirm that no matters have come lo my attention in connection with the
examination giving me Gause lo believe that in any material respe¢t'.
a¢ttsunling records were not kept in respect of Ihe chantable company as required by section 386 of the 2006
Ad; or
the financial statements do not accord with those records; or
the financial statements do not comply with the accounting Tequirements of section 396 of the 2006 Act other
than any requirement that the acGounls give a true and fair view which is not a matter considered as part of an
independent examination., or
the financial statements have not been prepared in a¢¢ordance with the methods and principles of the
Statement of Recommended Practice for a¢¢ounling and reporting by charities applicable to charilies
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 102).
I have no concerns and have come across no other matters in connection wrth the examination to which attention
should be drawn in this report in order to enable a proper underslanding of the financial slalemenls lo be reached.
an der MeThve ACA
FOT and on behalf of
Foot Davson Ltd
Chartered accountants and registered audttor
Tunbridge Wells
Kent
TN11NU

BRAINS MATTER CHARITY
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestricted Rostrlctèd
fvnds
funds
2023
2023
Total Unrestrictsd Restricted
funds
funds
2022
2022
Totsl
2023
2022
Note8
Income from:
Donations and legacies
Charitable activities
Other trading activities
Investments
72.588
115,862
26,535
111
860
73,448
115.862
26,535
111
41,790
59,552
4,030
870
1.320
43,110
59,552
4,030
870
Total Income
215.096
860
215.956
106.242
1,320
107,562
Expenditure on:
Raising funds
Charitable activities
1,624
232,086
1,624
240,405
1,197
193,374
1,197
201,853
8,319
8.479
Total expondlture
233,710
8,319
242,029
194,571
8,479
203,050
Net galnsl{lossesl on
investments
12
13,547)
(3,547)
Net expendlture and
movement in funds
{18,614)
{7,459)
(26,073)
(91,876)
(7,1591
(99.035)
Re¢onclllatlon of funds:
Fund balances at 1 January
2023
273,958
276,951
550.909
365,834
284,110
649,944
Fund balances at 31
December 2023
255,344
269,492
524,836
273,958
276,951
550.909
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.

BRAINS MATTER CHARITY
BALANCE SHEET
AS AT 31 DECEMBER 2023
2023
2022
Note$
Flxed assets
Tangible assels
Inveslmenls
14
16
498,781
512.767
498,781
512,776
Current assets
Debtors
Cash at bank and in hand
16
19.079
121,287
5,672
40,363
140,366
46.035
Credltorn: amounts falllng due wlthln
one yèar
18
{24,535)
{7,902)
Net CU￿8nt assets
115,831
38,133
Total assets le88 cumnt Il•blllllt8
614,612
550.909
Credltors: amounts falling duo after
more than one year
19
(89,776)
Net assets
524,836
550,909
Income funds
Reslricled funds
nr
ted fun
Designated funds
GeneTal unrestricted funds
21
269,492
276,951
22
233,424
21,920
239.865
34.093
255,344
273,958
524,836
550,909

BRAINS MATTER CHARITY
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023
The company is entitled lo the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 December 2023.
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 lo obtain an audit of its financial statements for the year in question in
accordance with section 476.
These financial slatements have been prepared in accordance with the provisions applicable lo companies subjecl
to the small companies regime.
The financial statements were approved by the Trustees on
J Clark-wilson
Chainnan
J Barker
Treasurer
Company reglstration numbor 3380601
10-

BRAINS MATTER CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting pollcles
Charlty Infomiatlon
Brains Matter Charity is a private company limited by guarantee incorporated in England and Wales and is
registered as a charity with Ihe Charity Commission. The company and charity registration numbers,
registered office and principal place of business are given on the ¢harity information page and the governing
document details are set out in the Irustees. report.
1.1 Accounting conventlon
The financial statemenls have been prepared in accordance wilh the charitable company's governing
document, the Companiès 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 Charilies.. Statement
of Recommended Practice applicable to charities preparing their accounts in accordan¢e with the Financial
Reporting Standard applicable in the UK and Republic of Ireland {FRS 102}" (effective 1 January 2019).
The charitable company is a Public Benefit Entity as defined by FRS 102.
The charitable Company has taken advantage of the provisions in the SORP for charities not lo prepare a
Statement of Cash Flows.
The financial statements are prepared in sterling, which is Ihe functional currency of the charitable company.
Mon&lary amounts in these finanrjal statements are rounded lo the nearest £.
The financial statemenls have been prepared under Ihe historical cost convention, unless olherwise stated In
Ihe relevant accounting policy note(s). The principal accounting policies adopted are sel out below.
1.2 Going Concern
Al the time of approving the financial slalemenls, the trustees have a reasonable expectation Ihal the
Charitable company has adequate resources lo continue in operational existence for thè foreseeable future.
Thus the trustees continue to adopt the golng concern basis of accounting in pieparing the financial
statements.
1.3 Charltable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Designated funds include a designated investment fund representing the market value of investments and a
designated new property fund representing the value of the charity's principal operating premises, which was
funded by the general fund.
Freehold depreciation is charged directly to the designated fund and an annual transfer is made beihNeen
unrestricted funds and designated funds to account for investment purchases and sales.
Restricted fijnds are subject to speafic conditions imposed by donois or through the terms of an appeal, as to
how they may be used. The purposes and uses of the restricted funds a￿ set out in the notes to the financial
statements.
1.4 Income
Income is recognised when the charitable company is legally entitled lo it after any performance conditions
have been met, the amounts can be measured reliably, and it is probable thal income will be received.
Cash donations are recognised on receipl. Other donations are recognised once the charrtable company has
been notified of the donation. unless performance conditions require deferral of the amounl. Income lax
recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised al the time of
the donation.
11

BRAINS MATTER CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting poli¢les
(Continued)
For legacies, entitlement is taken as the earfiest of the date on which either.. the charitable company is aware
that probate has been granted., the eslale has been finalised and notifi¢ation has been made by the executors
to the charitable company that a distribution will be made.. or when a distribution is received from the stale.
Receipt of a legacy, in whole or part, is only considered probable when the amount can be measured reliably
and the charitable company has been nolified of the executors intention to make a distribution. Where
legacies have been notified to the charitable company, or the charitable company is aware of Ihe granting of
probate and the criteria for income recognition have not been mel, then the legacy is trealed as a conlingenl
asset and disclosed if material.
Donated assels are recognised on the basis of the value of the gift to the charitable company which is the
amount the charitable company would have been willing to pay lo acquire the assel on the open market.
Grant or fee in¢ome received in advance of the provision of a specified service is deferred until the crileria for
income recognition are met.
1.5 Expendlture
Expenditure is recognised once there is a legal or conslructive obligation to IransfeT economic benefit to
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 reliabty.
Expenditure is classified under the following activity headings..
Raising funds comprises the costs of organising fundraising events, investment management fees, salary
costs and expenditure on marketing and publicily.
Charitable a¢livilies comprises the ¢osts of the day centre and the buddying & drop in centres undertaken lo
further the purposes of the charitable company, including their associated support costs.
Irrecoverable VAT is charged as a cost against the a¢tivily for which the expenditure was incurred.
Support costs are those functions that assist Ihe work of the charity but do not directly undertake charitable
activities. Support costs include accountancy fees and govemance costs. The basis on which support costs
are allocaled is set out in the charitable activities note in these financial statements.
1.6 Tanglble fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impaimient losses.
Individual fixed as5els costing £500 or more are capilalised at cost. Depreciation is Tecognised so as lo write
off the cost or valuation of assets less their residual values over their useful lives on Ihe following bases..
Freehold land and buildings
Equipment
Studio, grounds and gardens
250/r* rbm
Freehold land is not depreciated.
The gain or loss arising on the disposal of an asset is determined as the difference betsveen the sale proceed5
and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Fixed asset InVestn￿nts
Fixed asset investments are initially measured at transaction price excluding transaction ¢osts, and are
subsequently measured at market value at each reporting date. Changes in fair value are recognised in nel
incomel{expendrture) for Ihe year. Transaction costs are expensed as incurred.
12-

BRAINS MATTER CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies
(Continued)
1.8 Impalmient of flxed assets
Al each reporting end dale, the chaTltable company reviews the carrying amounts of rts tangible assets lo
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 delermine the extent of the
impairment loss (if any).
1.9 Cash and cash equlvalonts
Cash and cash equivalents include cash in hand, deposrts held at call with banks, other short-term liquid
investments with original maturilies of three months or less, and bank overdrafts. Bank overdrafls are shown
within borrowings in current liabilities.
1.10 Flnanclal Instruments
The charitable company has elected to apply the provisions of Section 11 '8asic Financial Instruments, and
Section 12 '0ther Financial Instruments Issuès, of FRS 102 to all of its financial instrumènts.
Financial instruments are recognised in the charitable company's balance sheet when the charitable company
be¢omes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial stalemenls, when
there is a legally enforceable right lo sel off the recognised amounts and Ihere 1$ an intention to settle on a nel
basis or to r8alise the asset and settle the liability simultaneously.
Baslc financlal assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured al
Iransa¢lion price induding transaction costs and are subsequently Carried at amortised cost using the 8ffective
interest method unless the arrangement constitutes a financing transaction, where the transaction 15
measured al the present value of the future receipts discounted at a maTkel rale of interest. Financial asset5
dassified as receivable within one year are not amortised.
Baslc flnanclal Ilabllltles
Basic financial liabilities, including creditors and bank loans aTe initially Tecognised at transaction price unless
the arrangement ¢onstilutes a financing transaction. where the debt instrumènt is measured at the present
value of the future payments discounted at a market rale of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequentty carried at amortised cosl. using the effective interest rale method.
Trade creditors ale obligations lo pay for goods or seNices 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 prio and subsequently measured at amortised cost using the effective interest method.
Derecognftlon of financlal Ilabllltles
Financial liabilities are derecognised when the charitable company's cOntra￿Ual obligations expire or are
discharged or cancelled.
1.11 Employee beneffts
The cost of any unused holiday entitlement is recognised in the period in which the employee's servicès arè
received.
Temiination benefrts are recognised immediately as an expense when the tharitable company is
demonstrabty committed to terminate the employmenl of an employee or to provide termination benefits.
1.12 Retirement benefits
Paymenls to defined contribution retirement benefrt schemes are charged as an expense as they fall due.
13-

BRAINS MATTER CHARITY
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies
{Continuedl
1.13 Leases
Rentals payable under operatin9 leases, including any lease incentives received. are charged as an expense
on a straight line basis over the term of the relevant lease.
Critlcal ac¢ountlng estlmatss and Judgements
In the application of the Charitable company's accounting policies, the Iruslees are required to make
judgemenls. estimates and assumptions about the carrying amount of assets and liabiltlies that are not readily
apparent from other sources. The estimates and assoGialed assumptions are based on historical experience
and other factors that a￿ considered to be relevant. Actual results may drfer 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 currenl and future
periods.
Income from donatlons and legacie8
Unrestrlctsd Restricted
funds
funds
2023
2023
Total Unrestrlcted Restrlcted
fund$
funds
2022
2022
Total
2023
2022
Donations and gifts
Legacies receivable
Government grants
27,588
860
28,448
21.790
20.000
1,320
23,110
20,000
45,000
45,000
72,588
860
73,448
41,790
1,320
43,110
Income from charltablè activllles
Unre8tr1ctsd
funds
2023
Unrestrlctsd
funds
2022
Day servlces
Fees and other generated income
54.533
46,968
Wellbelng support
Fees and olher generated income
21,329
12,584
ABI Navigator
Fees and other generated income
40,000
115,862
59,552
14-

BRAINS MATTER CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Income from other trddlng actlvlties
Unrestricted Unrestricted
funds
funds
2023
2022
Fundraising events
Room and car park hire
Trading activity income.. other
19,634
5,178
1.723
1,792
1,380
858
Olher trading activities
26,535
4,030
Income from Investments
Unrestrlcted Unre8trfcted
funds
fund8
2023
2022
Bank interest
Income from quoted investments
111
22
848
111
870
Ralslng funds
Unrestrlcted Unre$trlcted
funds
funds
2023
2022
Fundraisin
Direct costs of fundraising events
Publicity and marketing
Website maintenance
1,306
474
405
318
318
Fundraising and publicity
1,624
1,197
1.624
1,197
15-

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BRAINS MATTER CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Net movement In funds
2023
2022
The net movement in funds is stated after ¢hargingl(Grediting)'.
Depreciation of owned langible fixed assets
13.986
14,442
10 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the
charitable company during the year.
11 Employee8
The average monthly number of employees during the year was:
2023
Number
2022
Number
Day services
Wellbeing support
Management, admin and fundraising
ABI Navigator funded
Total
Employment costs
2023
2022
Wages and salaries
So¢ial se¢urity costs
Other pension costs
156,421
7,379
8,C61
129,665
4.361
6,193
171.862
140,219
Pension costs are allocated betsveen activities and belween restricted and unrestricted funds in proportion lo
the related slaff costs incurred. Retirement benefits are accruing under money purchase schemes for six
members of slaff12022.- six).
The key management personnel of the charity comprise the trustees. business manager and deputy manager.
The total employee benefits of the key management personnel were £81,860 {2022'. £67,480).
The average monthly head count was eight slaff, comprising Iwo full time and six part time employèes. {2022.-
one full time and six part time employees}. The number of full lime equivalenl employees was as above.
There were no employees whose annual remuneration was more than £60.000.
17-

BRAINS MATTER CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
12 Gains and losses on Investments
Unrestricted Unrestricted
funds
funds
2023
2022
Gainsl(losses) arising on..
Revaluation of investments
(3,5471
13 Taxatlon
The ¢harilable company is exempt from corporalion tax on its charrtable activities.
14 Tanglble fixod assets
Fmhold land
and bulldlng•
EquSpm•nt
Total
Cost
Al 1 January 2023
768,813
37,291
806,104
Al 31 December 2023
768,813
37,291
806,104
Depreclatlon and Impalmient
Al 1 January 2023
Depreciation charged in the year
257,716
13,571
35,621
415
293,337
13,986
At 31 December 2023
271.287
36.036
307,323
Carrying amount
At 31 December 2023
497,526
1,255
498,781
At 31 December 2022
511,097
1.670
512,767
The Trustee's have estimated the original cost of the freehold land in 2008 as £42.000 which represented 100/0
of the purchase price.
18-

BRAINS MATTER CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
15 Flxed asset Investments
Cash in
portfolio
Cost or valuatlon
Al 1 January 2023
Tiansfers
<9)
Al 31 December 2023
Carylng amount
At 31 December 2023
At 31 December 2022
16 Debtors
2023
2022
Amounts falling due wlthln one year:
Trade debtors
Other debtors
Prepayments and accrued income
17.573
45
1.481
4,280
45
1.347
19.079
5.672
17 Loans and overdraft8
2023
2022
Bank loans
105.000
Payable within one year
Payable after one year
15.224
89,776
During the year an UnsecU￿d loan of £105,000 was re￿IVed from CAF Bank. This is repayable over five
years, at an interest rate of 6.50•A per annum.
19-

BRAINS MATTER CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
18 Creditors: amounts falling due within one year
2023
2022
Notes
Bank loans
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
17
15.224
3,088
772
1,851
3.600
2,296
847
1,489
3,270
24,535
7,902
Other creditors include pension contributions of £1,851 {2022.' £1,489).
19 Credilor3: amounts falllng due after morè than one year
2023
2022
Notes
Bank loans
17
89,776
20 Retlrement beneflt schemes
Defined contributlon schemes
Pension costs are allocated betsveen a¢livities and bètsveen restncted and unreslricled funds in proportion to
the related staff ¢osls incurred. Retiremenl benefits are accruing under money purchase schemes for six
members of staff. (2022.. six).
-20-

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p

BRAINS MATTER CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
23 Analysls of net assets between funds
Unrestricted
funds
2023
Restrlcted
funds
2023
Total
2023
At 31 December 2023:
Tangible assets
Current assetsl(liabililies)
Long term liabilities
234.359
110,761
{89,776)
264,422
5,070
498.781
115,831
(89,776)
255,344
269.492
524,836
Unrestrlctsd
funds
2022
Restrl¢tgd
funds
2022
Total
2022
At 31 December 2022:
Tangible assets
Investments
Current assetsl{liabililies)
241,101
271,666
512,767
32,848
5.285
38,133
273,958
276,951
550,909
24 Operatin9 lease commitments
Lessee
At the reporting end date the charitable company had outstanding commitments for future minimum lease
payments under non-cancellable operatin9 leases, which fall due as follows..
2023
2022
VKfjlhin one year
Between h¥0 and five years
4,281
4,281
4,281
4,281
25 Events after the reportlng date
The claim that was made against Headway West Kent in 2021, relating to a hisloric incident in 2017, has
finally been settled. with costs agreed. There are no financial implications on Brains Matter Charity.
26 Related party transaclion$
There were no disclosable related paty transactions during the year (2022 - none).
-23-