, , 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| ||0
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B|| ## |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|