2020-11-30-accounts

, , Brainwave The Brainwave Centre Limited Annual Report and Financial Statements Year ended 30 November 2020

Trustees' Report	Trustees' Report		3to26
Statement of	Trustees'	Responsibilities	27
Independent	Auditors'	Report	28to 30
Statement of	Financial	Activities	31 to 32
Balance Sheet			33
Statement of	Cash Flows
Notes to the	Financial	Statements	35to 53

Centre	Initial Assessments	Reassessments	Therapy Sessions	Virtual (onlinej	Hydrotherapy Pool Sessions
			one hour
South West	47'	642	24	243
South East	15s	406			N/A
North West				N/A	N/A
Total	65		31	32

Income sfream	Year ending 2019	Year ending 2020	Difference +/-
Donations and gifts	R1,012,107	B903,943	-10.69%o
Legacies	K2,767	K1,737	-37.22%
Therapy Service	f97,772	247,172	-51.75%
Hydropool	E59434	f40,399	-26.98/o
Accommodation	E7,645	E2,760	-63.90%
Retail (gross figures)	E'l,206,778	2396,260	-67.16%o
(including rent)

					Unrestricted	Unrestricted
					funds	funds	Restricted	Total
					Charity Shops	Other Funds	funds	2020
				Note	E	E	E	E
Income and Endowments		from:
Donations and legacies:
Donations, gifts and legacies Grant income Charitable activities			3 3 4		1,201 435,232	654,004 231,188	250,475 90,331	905,680 666,420 90,331
Other trading activities:
income from charity sh Rental income Investment income	ops		5 5 6		370,645	25,615 309		370,645 25,615 309
Other income			7			224,699		224,699
Total income					807,078	1,135,815	340,806	2,283,699
Expenditure on:
Raising funds —Costs of
generating voluntary income Raising funds —Trading cost of			8			(330,820)		(330,820)
goods sold Chaditable activities			8 9		(917,450)	671,225	300,413	(917,450) 971,638
Total Expenditure					917,450	1,002,045	300,413	2,219,908
Net (expenditure)/income Transfers between funds					(110,372) 110,372	133,770 45,130	40,393 65,242	63,791
Net movement in funds						88,640	(24,849)	63,791
Reconciliation of funds
Total funds brought forward						198,522	742,544	941,066
Total funds cardied forward			22			287,162	717,695	1,004857

ofTotal Recogn	ised	Ga	ins	and Losses)
				Unrestricted	Unrestricted
				funds	funds	Restricted	Total
				Charity Shops	Other Funds	funds	2019
			Note	E	K	E	E
Income and Endowments		from:
Donations and legacies:
Donations, gifts and	legacies		3	6,382	817,184	191,308	1,014,874
Grant income			3
Charitable activities			4			164,851	164,851
Other trading activities:
Income from chadity	shops			1,189,033			1,189,033
Rental income					17,745		I/,/45
Investment income					4,588		4,588
Other income					1,030		1,030
Total Income				1,195,415	840,547	356,159	2,392,121
Expenditure on:
Raising funds —Costs	of
generating voluntary	income		8		(497,167)		(497,167)
Raising funds —Trading cost of goods sold			8	(1,110,760)			(1,110,760)
Charitable activities			9		814,106	454,751	1,268,857
Total Expenditure				1,110,760	1,311,273	454,751	2,876,784
Net income/(expenditure)				84,655	(470,726)	(98,592)	(484,663)
Transfers between funds				84,655	84,655
Net movement in funds					(386,071)	(98,592)	(484,663)
ReconciTiation of funds
Total funds brought	forward				584,593	841,136	1,425,729
Total funds cardied forward			22		198,522	742,544	941,066

Balance	Shee	t a	s at 30November 2020
					2020	2019
				Note		R
Fixed assets
Tangible assets				14	900,508	1,038,592
Investments				'15	2	2
					900,510	1,038,594
Current assets
Debtors				16	36,182	37,792
Cash at bank and in hand				17	532,671	320,911
					568,853	358,703
Creditors: Amounts		falling due within one year		18	407,098	267,027
Net current	assets				161,755	91,676
Total assets	less current		liabilities		1,062,265	1,130,270
Creditors: Amounts		falling due after more than one year		19	57,408	189,204
Net assets					1,004,857	941,066
Funds ofthe	Charity:
Restricted funds					717,695	742,544
Unrestricted	funds				287,162	198,522
Tofal funds				22	1,004,857	941,066

					2020	201 '9
				Note		K
Cash flows from operating	activities
Net income/(expenditure)					63,791	(484,663)
Adjustments to cash flows	from non-cash		items
Depreciation					38,141	39,868
Investment income					(309)	(4,588)
(Profit)/loss on disposal of	tangible	fixed	assets		222,599	2,596
					(120,976)	(446,787)
Working capital adjustments
Decrease in debtors				l6	1,610	12,988
Increase in creditors				18	54,379	10,218
Net cash flows from operating activities					64,987	423,581
Cash flows from investing	activities
Interest receivable and similar income				6	309	4,588
Purchase of tangible fixed assets				14	(9458)	(13,672)
Sale of tangible fixed assets					332,000
Net cash flows from investing activities					322,851	(9,084)
Cash flows from financing	activities
Repayment of loans and	borrowings			18	46,104	44,078
Net increase/(decrease)	in cash and cash equivalents				211,760	(476,743)
Cash and cash equivalents at I December					320,911	797,654
Cash and cash equivalents at 30November					532,671	320,911

		Unrestricted	Unrestricted	Unrestricted	Unrestricted	Restricted	Total	Total
		Chadity		Shops	Other Funds 5	funds	2020 5	2019
Donations and	gifts			1,201	652,267	250,475	903,943	1,012,107
Legacies					1,737		1,737	2,767
Grants, including
capital grants:
Local Support	grant				8,004		8,004
Corona Job Retention
Scheme				217,228	211,188		428,416
Local Authority Discretionary grants				218,004	11,996		230,000
				436,433	885,192	250,475	1,572,100	1,014,874
4 Income from charitable			activities
		Unrestricted Charity Shops			Unrestricted Other Funds 8	Restricted funds	Total 2020 5	Total 2019 5
Assessment income						47,172	47,172	97,772
Hydrotherapy	income					40,399	40,399	59,434
Accommodation
income						2,760	2,760	7,645
						90,331	90,331	164,851
5 Income from other		trading		activities
			Unrestricted		Unrestricted	Restricted	Total	Total
		Charity Shops 5			Other Funds K	funds	2020 5	2019
Chadity shop	sales			370,645			370,645	1,189,033
Rent					25,615		25,615	17,745
				370,645	25,615		396,260	1,206,778

					Unrestricted	Unrestricted	Restricted	Total	Total
					Charity Shops	Other Funds	funds	2020	2019
					E	E	E	E	E
Interest						309		309	4,588
7 Other		income
					Unrestricted Unrestricted		Restricted	Total	Total
				Charity Shops Other Funds			funds	2020	2019
					E	K	E	E	E
Other income Gains on sale			of			2,100		2,100	1,030
tangible	fixed
assets						222,599		222,599
						224,699		224,699	1,030
8 Expenditure			on	raising funds
					Unrestricted	Unrestricted	Restricted	Total	Total
					Charity Shops	Ofher Funds	funds	2020	2019
					E	E	E	E	E
Fundraising		expenses				330,820		330,820	580,422
Chaffity shops					917,450			917,450	1,109,976
					917,450	330,820		1,248,270	1,690,398
							Other direct	Total	Total
					Staff costs Support costs		costs	2020	2019
					E	E	E	K	E
Fundraising		expenses			271,036	14,658	45,126	330,820	580,422
Charity shops					554,710	11,584	351,156	917,450	1,109,976
					825,746	26,242	396,282	1,248,270	1,690,398

9 Expenditure on chari	table activities
	Unrestrticted Charity Shops E	Unrestricted Other Funds E	Restricted funds E	Total 2020 E	Total 2019 E
South West Centre and satellite clinics		121,441	236,617	358,058	488,920
South East Centre and satellite clinics		192,980	56,498	249,478	297,194
North West Centre and satellite clinics		173,721	7,298	181,019	290,898
Mome 8,regional support Governance costs		63,724 119,359		63,724 119,359	65,181 126,664
		671,225	300,413	971,638	1,268,857
			Other direct	Total	Total
	Staff costs E	Support costs	costs E	2020 E	2019 E
South West Centre and satellite clinics	262,358	31,480	64,220	358,058	488,920
South East Centre and satellite clinics	159,401	6,163	83,914	249,478	297,194
North West Centre and satellite clinics	101,148	5,724	74147	181,019	290,898
Home 8,regional support Governance costs	57,155 83,472	1,206 14,735	5,363 21,152	63,724 119,359	65,181 126,664
	663,534	59,308	248,796	971,638	1,268,857

	Unrestricted	Unrestricted	Restricted	Total	Total
	Charily Shops	Other Funds	funds	2020	2019
	R		R	K	2
Staff costs Audit and		83,472		83,472	83,902
accountancy Legal and professional Support costs		14,400 6,752 14735		14,400 6,752 14,735	14,400 6,356 22,006
		119,359		119,359	126,664

Net incoming/(outgoing) resource	s for the year include:
		2020	2019
Audit ofthe financial statements (Profit)/loss on disposal of tangible Depreciation of fixed assets	fixed assets	14,400 (222,599) 38,141	14,400 2,596 39,868

13Staf costs The aggregate payroll costs were as follows:
	2020	2019
Staff costs during the year were:
Wages and salaries Social security costs Pension costs	1,330,750 100,527 37,927	1,648,806 116,128 48,710
	1,469,204	1,813,644

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The monthly the Charity	average number of persons (including during the year was as follows:	senior management team) em	ployed by
		2020	2019
		No	No
Fundraising	and administration		25
Charity shops		43	45
South West	Centre	10	12
South East	Centre	5	5
North West	Centre	2	6
Home support
		85	95

the Chatity	during the year expressed as full time eq	uivalents was as follows:
		2020	2019
		No	No
Fundraising	and administration	18	20
Charity shops		29	31
South West	Centre	8	9
South East	Centre		4
North West	Centre	2	5
Home support		1	1
		62	70

14Tangible fixe	d assets
		Land and	Plant and	Motor	Computer
		buildings s	equipment	vehicles 5	Software 5	Total 5
Cost
At 1 December	2019	1,055,808	393,348	19,295	19,936	1,488,387
Additions			9,458			9,458
Disposals		151,153				151,153
At 30 November	2020	904,655	402,806	19,295	19,936	1,346,692
Depreciation
At I December	2019	80,124	335,778	13,957	19,936	449,795
Charge for the	year	20,525	I6,282	1,334		38,141
Eliminated on disposals		41,752				41,752
At 30 November	2020	58,897	352,060	15,291	19,936	446,184
Net book value
At 30 November	2020	845,758	50,746	4,004		900,508
At 30November	2019	975,684	57,570	5,338		1,038,592

15Fixed as	set	investments
			2020	2019
Investment	in	subsidiaries	2	2

16Debtors
	2020	2019
	B	B
Trade debtors Other debtors Prepayments	486 7,113 28,583	7,253 7,530 23,009
	36,182	37,792

17Ca	sh	and cash equivalents
			2020	2019
			Z	B
Cash	at	bank	532,671	320,91 1

18Creditors: amounts falling due within one year
	2020	2019
	B
Bank loans	128,204	42,512
Trade creditors	20,953	46,158
Due to group undertakings Other taxation and social security	1,794 29,277	1,794 39,049
Other creditors	42,386	27,611
Accruals	184484	109,903
	407,098	267,027

19Creditors: amounts falling due after on	e year
		2020	2019
		K
Bank loans		57,408	189,204
The terms of the bank loans are disclosed	in Note 18, above.

Total	future	minimum	lease	payments	under	non-cancellable	operating	leases	are	as	follows:
								2020			2019
											s
								84,764			276,820
								90,188			498,827
											'I80,467
								174,952			956,114

22 Funds
						Balance at
		Balance at 1				30
		December 2019	Incoming resources	Resources expended	Transfers	November 2020
		F.				B
Unrestricted funds
Charity Shops Funds generated			807,078 807,078	917,450 917,450	175,614 175,614	65,242 65,242
Other
Other unieslricted	funds	147,982	1,135,815	(1,002,045)	(108,840)	172,912
Revaluation fund		50,540			1,532	49,008
		198,522	1,135,815	1,002,045	110,372	221,920
Total unrestricted	funds	198,522	1,942,893	1,919,495	65,242	287,162
Restricted funds
Sponsorships 8,bursaries General all centres		76,095 56,578	(8,282) 159,882	(119,224)		67,813 97,236
South West Centre		30,010	118,693	(97,688)		51,015
Hydrotherapy Pool Accommodation Units		322,499 177,499	4,470	(5,311) (14,394)	(65,242)	321,658 97,863
South East Centre		50,248	48,712	(56,498)		42,462
North West Centre		29,615	17,331	7,298		39,648
Total restricted funds		742,544	340,806	300,413	65,242	717,695
Total funds		941,066	2,283,699	2,219,908		1,004,857

						Balance at
		Balance at 1				30
		December	Incoming	Resources		November
		2018	resources	expended	Transfers	2019
				B	B
Unrestricted funds
Charity shops
Funds generated			1,195,415	1,110,760	84,655
			1,195,415	1,110,760	84,655
Other
Other unrestricted	funds	532,521	840,547	(1,311,273)	86,187	147,982
Revaluation fund		52,072			1,532	50,540
		584,593	840,547	1,311,273	84,655	198,522
Total unrestricted	funds	584,593	2,035,962	2,422,033		198,522
Restricted funds
Sponsorships 8, bursadies General all centres South West Centre		122,485 75,443 29,412	(32,154) 55,139 155,701	(14,236) (74004) (155,103)		76,095 56,578 30,010
Hydrotherapy Pool Accommodation Units South East Centre		339,769 178,558 51,356	800 124,174	(18,070) (1,059) (125,282)		322,499 177,499 50,248
North West Centre		44,113	52,499	66,997		29,615
Total restricted funds		841,136	356,159	454,751		742,544
Total funds		1,425,729	2,392,121	2,876,784		941,066

			Unresfricted	Restricted
			funds	funds	Total funds
			R		ff
Tangible	fixed	assets	485,119	415,389	900,508
Fixed asset investments			2		2
Current	assets		266,547	302,306	568,853
Current liabilities Creditors over 1 year			(407,098) 57,408		(407,098) 57,408
Total net assets			287,162	717,695	1,004,857
					Total funds at
			Unrestricted	Restricted	30November
			funds	funds	2019
					K
Tangible	fixed	assets	543,568	495,024	1,038,592
Fixed asset investments			2		2
Current	assets		111,183	247,520	358,703
Current Creditors	liabilities over 1 year		(267,027) 189,204		(267,027) 189,204
Total net	assets		198,522	742,544	94'1,066

24 Analysis	of net cash funds
		At 1		Other	At 30
		December		non-cash	November
		2019	Cash flow	changes	2020
			R		8
Cash at bank and in hand		320,911	211,760		532,671
Debt due	within one year	(42,512)	46,104	(131,796)	(128,204)
Debt due year	after more than one	(189,204)		131,796	(57,408)
Net funds		89,195	257,864		347,059
		At 1		Other	At 30
		December		non-cash	November
		2018	Cash flow	changes	2019
		R	s
Cash at bank and in hand		797,654	(476,743)		320,911
Debt due	within one year	(44,814)	44,078	(41,776)	(42,51 2)
Debt due year	after more than one	(230,980)		41,776	(189,204)
Net funds		521,860	(432,665)		89,195