The Brainwave Centre Limited **Annual Report and Financial Statements** Year ended 30 November 2025 ## **Chief Executive Officer** Overview As I write this, my final CEO overview, I do so with a mixture of pride, gratitude, and sadness. Earlier this year, I took the difficult decision to step down from my role to take up a new challenge as CEO of another charity, bringing to a close a chapter that began when I joined Brainwave in 2020, just before the pandemic changed so much for us all. Reflecting on the past six years, I am incredibly proud of everything we have achieved together as a team in the face of significant challenge and change. Our people, the children, and families we support, and the many kind and generous supporters, patrons, ambassadors and of course our President that I have had the privilege to build relationships with along the way, have all become deeply important to me. Without your support, encouragement, and belief in our work, none of what we achieve would be possible, and for that I offer my heartfelt thanks, both personally and on behalf of the charity. I still remember a conversation with the recruitment agency who first approached me about the role back in 2019. They told me, ‘Brainwave is looking for someone who will let the cause get under their skin.’ From the moment I first walked through the doors here, that is exactly what happened. The life-changing outcomes I have seen achieved for children and families will never leave me. I wish Brainwave every success for the future. This year has been one of both challenge and progress. Operating within an increasingly difficult financial environment, the organisation has nonetheless continued to deliver growth in key areas while strengthening its foundations for the future. I am also pleased that, through careful stewardship and the dedication of our people and supporters, we have once again finished the year with a surplus. The resilience, commitment and adaptability of our team have been central to this progress, ensuring that we continue to meet the needs of the families we support while positioning the charity for longer-term sustainability. Demand for our services has increased notably over the year, with therapy assessments rising and reflecting both improved capacity and renewed need. Alongside this, we have continued to enhance the quality of our support through investment in our facilities and the introduction of a Family Support Worker role, helping us move closer to our ambition of delivering a truly ‘whole family’ approach. Our income generation activities have performed strongly despite wider economic pressures. Fundraising, for example, has met and exceeded targets, supported by successful events, strengthened relationships with major donors, and the launch of new initiatives such as Brainwave Awareness Week. Page | 2 Registered Office: Marsh Lane, Huntworth Gate, Bridgwater, Somerset. TA6 6LQ Brainwave is a charity (1073238 / SC039137) and a company limited by guarantee (3666739) We have continued to expand our reach and influence through new partnerships and engagement opportunities, increasing awareness of Brainwave and laying important foundations for future growth. At the same time, encouraging engagement with NHS partners, together with growing recognition of the value of our holistic, multidisciplinary approach, places the organisation in a strong position for future commissioning opportunities. However, ongoing NHS restructuring and the significant pressures currently facing the sector have inevitably slowed progress in this area. Internally, we have made important strides in strengthening our organisational capability. Investment in digital transformation, including improvements to our website, systems, and use of AI, is enhancing efficiency and supporting better decision-making. The establishment of a Middle Management Team is helping to build leadership capacity, improve collaboration, and support succession planning as we continue to develop a ‘One Brainwave’ approach and culture. Governance and financial oversight have also been strengthened, with the formation of a Finance Subcommittee and continued development of the Board. These steps, alongside a planned organisational review, will ensure that we remain agile and well-prepared for the challenges ahead. Looking forward, we are mindful that 2026 will bring continued financial pressures, including rising employment and operational costs, alongside increasing competition for funding. However, we enter the new year from a position of strength With a committed team, a growing supporter base, diversified income streams, and emerging opportunities for partnership and commissioning, we are well placed to navigate the evolving landscape while continuing to deliver meaningful impact for the children and families we serve. Finally, I would like to express my sincere thanks to our entire Brainwave family, our dedicated staff team, Trustees, volunteers, patrons, ambassadors, supporters, and partners. Thank you for your kindness, generosity, commitment, and compassion, and for walking alongside us on our journey to achieve life-changing outcomes for more children with disabilities and additional needs. Your belief in what we do makes this possible. I also extend my thanks to our President, HRH The Duchess of Edinburgh, for her continued support and advocacy for Brainwave and the families we serve. It has been a privilege to work alongside so many people who care so deeply about improving the lives of children and families. I leave with immense pride in all that has been achieved together. Keith Sinclair Chief Executive Page | 3 Registered Office: Marsh Lane, Huntworth Gate, Bridgwater, Somerset. TA6 6LQ Brainwave is a charity (1073238 / SC039137) and a company limited by guarantee (3666739) **----- Start of picture text -----**
Ambition
**----- End of picture text -----**
Our ambition is that children with disabilities and additional needs will have equitable access to specialist therapy services that enable them to reach their full potential, and that we will be recognised locally and nationally for the quality, impact, and leadership of our work. **----- Start of picture text -----**
Purpose
**----- End of picture text -----**
Our purpose is to deliver accessible, high-quality, bespoke therapy programmes for more children each year through our team of qualified therapists and specialists, working from our National Therapy Assessment Centre in Somerset, Outreach Hubs, online and home visits. **----- Start of picture text -----**
Values
**----- End of picture text -----**
Our values guide how we work, how we behave, and how we make decisions. In all aspects of our work we will strive to be: - Professional: delivering services to the highest standards of expertise, ethics, and clinical quality. - Openness: welcoming ideas, feedback and diverse perspectives, and using learning to continuously improve. - Friendly: creating a supportive, welcoming environment where families feel valued and understood. - Enabling: building confidence, knowledge and capability in children, families, and those we work alongside. - Respectful: valuing difference and ensuring inclusive practice for all children, families, staff, and volunteers. - Passionate: being proud of our work and committed to making a meaningful and lasting difference. Page | 4 Registered Office: Marsh Lane, Huntworth Gate, Bridgwater, Somerset. TA6 6LQ Brainwave is a charity (1073238 / SC039137) and a company limited by guarantee (3666739) ## **End of Year Summary: Progress Against Strategic Intentions** ## **Be the Best We Can Be** - Therapy assessments increased by 70 compared with 2024, reflecting renewed demand for our services and improved organisational capacity, with a further 100+ assessments targeted for the year ahead. - Significant improvements were made to the National Therapy Assessment Centre environment, including internal redecoration and enhancements to family rooms, improving the overall experience for families. - The Family Support Worker role is now firmly established and continues to receive positive feedback from families, helping strengthen our aspiration of delivering a ‘whole family’ approach to support. - Progress has continued on our digital transformation journey, including the launch of an updated website, development of a new chatbot, and increased use of AI and PowerApps to improve efficiency, communication, and reporting. - A service user was recruited to the Service Delivery Subcommittee, strengthening family representation and lived experience within governance and service discussions. - A new Middle Management Team has been established to support succession planning, leadership development, and greater cross-organisational collaboration, helping further embed a ‘One Brainwave’ approach and culture. - Our multidisciplinary approach continues to align strongly with NHS priorities around personalised care, integrated multidisciplinary working, and whole family support, helping to strengthen opportunities for future commissioning partnerships. ## **Be Sustainable and Resilient** - Fundraising performance remained strong throughout 2025 and exceeded target while maintaining expenditure below budget. - The fundraising team has continued to prioritise unrestricted income to strengthen organisational resilience and flexibility. - A refurbishment programme was implemented across the shop portfolio designed to increase footfall and sales. - Relationships with major donors have strengthened significantly through a structured programme of face-to-face engagement and stewardship, supporting long-term commitment to the charity and creating future giving opportunities. - The introduction of a revised therapy fee structure and Therapy Access Fund (TAF) process is expected to support future financial sustainability while balancing accessibility for families. We do not underestimate the impact these changes may have on some families and therefore undertook an extensive consultation process to help inform the approach taken. - A new Finance Subcommittee has been established to strengthen financial oversight, audit support, and long-term planning. Page | 5 Registered Office: Marsh Lane, Huntworth Gate, Bridgwater, Somerset. TA6 6LQ Brainwave is a charity (1073238 / SC039137) and a company limited by guarantee (3666739) - Plans for an organisational review during the year will help ensure we continue to operate efficiently and effectively, strengthen long-term sustainability, and remain agile and responsive to the evolving needs of the charity and the families we support. - Ongoing trustee recruitment and the anticipated appointment of new trustees will further strengthen governance and organisational resilience. - During the year, the Trustees also undertook a review of the charity’s governing document to ensure that our charitable objects remain current, relevant, and reflective of the services we deliver today. This work will also help future-proof the organisation, providing greater flexibility to support ongoing service development, innovation, and opportunities to expand our impact in response to changing needs. ## **Increase Our Reach** - Brainwave Awareness Week launched successfully, creating a bold new platform to raise awareness and engage wider audiences, with further development planned in future years. - Open days and networking activity have generated new opportunities and partnerships - Quarterly open days will commence in 2026 to further strengthen engagement with families, supporters, and local communities. - Partnerships such as RealBuzz aim to increase challenge event participation and fundraising reach. - Media coverage, including national news exposure, helped raise our profile and contributed to increased enquiries during the year. - Engagement with Chamber networks and emerging relationships linked to the Agratas Gigafactory project aim to create new opportunities around social value partnerships and corporate engagement. - The Manchester Cathedral Carol Concert continued to grow successfully, with plans to establish a South West equivalent in 2026. ## **Be Recognised as a Centre of Excellence and Leaders in Our Field** - Positive engagement with the local Integrated Care Board (ICB) has reinforced our strong alignment with the NHS 10-Year Plan and positioned the charity well for future commissioning opportunities, notwithstanding the significant pressures currently facing the NHS and the resulting delays in progress. - Our annual impact reporting and enhanced outcome measurement tools are improving our ability to evidence impact and measure progress both pre and post assessment. - We were shortlisted as a finalist in the Sedgemoor Chamber of Commerce Awards, recognising both the organisation’s impact and growing profile within the community. - Strengthened relationships with donors, corporate supporters, and strategic partners continue to enhance awareness of our work and reputation nationally. - Continued investment in digital capability, innovation, and operational efficiency supports our ambition to remain progressive and forward-thinking within the sector. Page | 6 Registered Office: Marsh Lane, Huntworth Gate, Bridgwater, Somerset. TA6 6LQ Brainwave is a charity (1073238 / SC039137) and a company limited by guarantee (3666739) Therapy ** Cerbficateof ## **Vision, Mission, Objects and Activities** **Our Objects:** to support children, young people and adults with disabilities and additional needs, including but not limited to those arising from acquired brain injury, neurological conditions (including cerebral palsy), genetic conditions (such as Down’s syndrome), autism, ADHD, or general developmental delay, and their families. This support is delivered through a range of services including, but not limited to, the development of bespoke multidisciplinary therapy programmes, information, advice, advocacy, casework, and peer support, with the aim of promoting mobility, communication, learning, wellbeing, wholefamily support, and resilience. ## **In summary we:** - Support children with disabilities and additional needs to achieve greater independence, and - Aim to improve mobility, communication skills, and learning potential, through a range of specialist therapies ## **Public Benefit** By working to these [objects] the Trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2022 to have due regard to the Charity Commission’s general guidance on public benefit, ‘Charities and Public Benefit’. Brainwave’s charitable purpose is ‘to support children with disabilities and additional needs through the provision and promotion of specialist therapy and the Trustees ensure that this [charitable purpose] is carried out for the public benefit by: - Fundraising to subsidise the costs of therapy, so that this is accessible to those that need it. - Providing accessible services though our National Therapy Assessment Centre in Somerset, outreach hubs, home visits and online. - Monitoring service delivery (quantitative and qualitative) to ensure that we meet individual needs and that our Therapy Programmes are delivering benefit to the children we support. Page | 8 Registered Office: Marsh Lane, Huntworth Gate, Bridgwater, Somerset. TA6 6LQ Brainwave is a charity (1073238 / SC039137) and a company limited by guarantee (3666739) ## **What We Do** Since 1982 we have worked alongside children with disabilities and additional needs and their families, providing bespoke Therapy Programmes designed to help every child reach their potential. Our home-based Programmes support physical, sensory, communication, learning, and social development, recognising that every child is unique and requires an individual approach. While our support offers the greatest benefit when started at an early age, with children able to access an initial assessment from birth to 12 years old, families remain part of the Brainwave family for as long as the Programme continues to meet their needs. On average, children follow a Brainwave Programme for around three years. Our experienced team of therapists and Learning and Development Specialist work closely with families to design personalised Programmes tailored to each child’s specific strengths, challenges, and goals. Through a combination of structured play, practical activities, and therapeutic exercises carried out consistently at home, children are supported to develop skills across a wide range of areas, including mobility, communication, visual and auditory processing, comprehension, hand function, self-help, and social interaction. Our approach is holistic, recognising the importance of supporting the whole child while empowering families to play an active role in their child’s development. Based on the principle of neuroplasticity, our Programmes encourage the brain to develop new pathways through the regular repetition and reinforcement of newly acquired skills. By integrating physical, cognitive, sensory, and emotional development, we aim to maximise each child’s potential and improve their confidence, independence, and overall wellbeing. The progress achieved by the children we support continues to inspire us. Many families come to Brainwave having exhausted other avenues of support and are often uncertain about what the future may hold for their child. Through our specialist approach, children frequently make measurable progress and achieve milestones that once felt beyond reach. More than 90% of families on a Brainwave Programme tell us that our support has made a positive difference to their child and family life, helping many children lead more independent and fulfilling lives. Throughout this report, you will find examples of the lifechanging impact made possible through the generosity of our supporters and the dedication of our Brainwave family. Page | 9 Registered Office: Marsh Lane, Huntworth Gate, Bridgwater, Somerset. TA6 6LQ Brainwave is a charity (1073238 / SC039137) and a company limited by guarantee (3666739) ## **Layla’s Story** Layla first attended our National Therapy Assessment Centre in December 2024 at 3 years old. She has a diagnosis of Rett Syndrome, which is a rare genetic neurological disorder, that disrupts brain development causing loss of motor skills, speech and purposeful hand movement. Her parents first noticed she was falling behind her peers at around ten months old. She received her diagnosis at eighteen months. We look forward to seeing Layla and her parents for their next reassessment. Layla was assessed by Mike and Mervin, both Physiotherapists, with Mervin also a trained Sensory Integration Practitioner. They worked closely with Layla and her family to design and teach an individually tailored programme focused on: ## **What Tanya, Layla’s mother, said:** - _Brainwave came highly_ - _recommended to us by several families, and now having followed a bespoke programme for 6 months with our child, I can see why._ - Maintaining range of movement and muscle length. - Improvising static sitting, standing and kneeling positions. _The therapists are very knowledgeable and this specialist support in helping with our daughters development has been invaluable to us as a family. Not only have we noticed real improvement that has become a highlight of our day._ - Encouraging weight-bearing through her arms. At her reassessment in July 2025, her parents reported that they follow the programme four times a week and that Layla enjoys the interaction. They have noticed improvements in her ability to take weight through her arms across positions. Mike and Mervin have since added exercises to maintain mobility in Layla’s spine, as children with Rett Syndrome often develop curvature of the spine. _We 100% recommend Brainwave to anyone seeking specialist advice for their child’s development. The centre is lovely and the staff are all very friendly. We were very well looked after throughout the day._ Page | 10 Registered Office: Marsh Lane, Huntworth Gate, Bridgwater, Somerset. TA6 6LQ Brainwave is a charity (1073238 / SC039137) and a company limited by guarantee (3666739) **Therapy Delivery Service Overview** The Therapy Team has continued to make strong progress throughout the year, delivering increased capacity and supporting more families across our specialist services. The number of assessments delivered increased by 70 compared to the previous year, representing a 22% increase overall. The graph below shows growth in assessment activity over the past three years, with a breakdown of initial assessments and reassessments. A further Speech and Language Therapist joined the organisation in September 2025 as a Newly Qualified Therapist and is completing their training and induction period, with plans to begin managing their own caseload in 2026. This additional capacity will further strengthen our ability to respond to growing demand for support. Demand for our services remains exceptionally strong. At the time of reporting, the Initial Assessment waiting list stood at 171 children, with a further 222 children awaiting Reassessment appointments. Over the last six months there has been a notable increase in enquiries from families seeking sensory support. The Operational Support Manager has worked closely with the Therapy Team to improve the efficiency of the booking system, helping maximise capacity and streamline appointment management. Analysis of assessment delivery during the year demonstrates that there is further opportunity to maximise existing therapist capacity, particularly by increasing the number of days where three families can be assessed. The impact of the revised family contribution structure introduced from December 2025 will continue to be monitored carefully to ensure accessibility for families remains balanced alongside long-term sustainability. Alongside direct service delivery, the Therapy Team continues to explore opportunities for future development and innovation. Feasibility work is underway to assess the viability and demand for intensive week-long therapy blocks for families. In addition, members of the team will attend both Kidz in the Middle and Kidz Wales & West exhibitions in 2026 to strengthen networking opportunities, promote our specialist services, and increase engagement with families. Page | 11 Registered Office: Marsh Lane, Huntworth Gate, Bridgwater, Somerset. TA6 6LQ Brainwave is a charity (1073238 / SC039137) and a company limited by guarantee (3666739) Work has also continued to improve the resources available to families following assessment. Development of the online family information ‘Padlet’ platform is ongoing to ensure support materials are increasingly tailored to the individual needs of children and their families. ## **Impact Summary** Throughout 2024/25, we continued to evidence the significant difference our specialist Therapy Programmes make to children with disabilities and additional needs and their families. Feedback gathered through our pre- and post-assessment questionnaires demonstrated positive improvements across all measured areas following engagement with our services. Families reported increased understanding of their child’s condition and therapy needs, greater confidence in supporting their child at home, and improvements in both family wellbeing and children’s quality of life. The strongest improvements were seen in parent knowledge, confidence, and understanding, highlighting the importance of empowering families as part of our holistic approach. The impact of our support was further reinforced through our annual family questionnaire. Overall, 92% of families reported that their child or young person had made significant achievements since attending Brainwave, with families describing progress including improved mobility, communication, emotional regulation, independence, sleep, and participation in everyday life. Families also reported significant improvements in wellbeing, with the majority agreeing that we had positively impacted both their own wellbeing and that of their child or young person. Feedback highlighted the value families place on the compassionate, knowledgeable, and personalised support provided by the Brainwave team, as well as the confidence they gained in understanding and supporting their child’s needs. Access to specialist therapy remains a major challenge for many families, and our TAF continues to play a vital role in removing financial barriers. Of families responding to our impact questionnaire, 97% agreed or strongly agreed that Brainwave’s financial support enabled them to access services they would otherwise have been unable to afford. This demonstrates the critical importance of charitable funding in ensuring equitable access to specialist therapy support. Family feedback also informed areas for future development, including increased outreach provision, additional flexible and digital support options, and opportunities for greater peer connection and involvement in shaping services. This ongoing engagement helps ensure that children and families remain at the heart of our future planning and service development. Families shared the following responses when asked in our annual questionnaire: ‘Since attending Brainwave, do you feel your child or young person has made significant achievements?’ Page | 12 Registered Office: Marsh Lane, Huntworth Gate, Bridgwater, Somerset. TA6 6LQ Brainwave is a charity (1073238 / SC039137) and a company limited by guarantee (3666739) ## **Quotes** "Denise and Mervin were once again so enthusiastic and accommodating to us and our 7 year old son. Over several years they have consistently offered new ideas and perspectives on how to support him, and always ensure tasks and activities are as cost efficient and practical as possible for school staff to implement. They praise our son's successes, however small, and work on any challenges in varied and interesting ways which keep his attention. They always make us, as parents, feel listened too and help us feel assured that we’re on the right path. They are at the end of a phone or email with questions after the session and we feel they truly have our son's best interests at heart. We 100% appreciate and rely on Brainwave's professional input and advice. We simply couldn't get our son this level of support elsewhere." From Thomas’ parents “Incredibly friendly, professional and supportive therapists. Mia and Mervin were amazing. They gave tailored and structured support to assess and support and produce an individual plan. There is child centered approach, inclusive and supportive. They provided a very detailed programme identifying areas of need and how to best improve and support our child. Amazing therapists who really care about the children and what is best for them.” From Saffia & Mohamad “Brainwave has not only changed Emilia’s life for the better, but ours as a family! The support and the therapies we have been given is amazing. This is the third time we have attended Brainwave. We couldn’t thank Mervin and Mia enough. Highly recommended!” From Emilia Page | 13 Registered Office: Marsh Lane, Huntworth Gate, Bridgwater, Somerset. TA6 6LQ Brainwave is a charity (1073238 / SC039137) and a company limited by guarantee (3666739) ## **Chair of Trustees** Statement As Chair of Trustees, I am pleased to present Brainwave’s Annual Report and Accounts for 2025. As a Board we have continued to provide active oversight of Brainwave during what has been a challenging and evolving operating environment. Rising costs, increased demand for support, and a competitive fundraising landscape have required careful stewardship to ensure that the charity remains financially resilient while staying true to its aims. A key focus for the Board this year has been maintaining strong governance and financial oversight. The establishment of a Finance Subcommittee has strengthened scrutiny and support around financial planning, risk management, and audit, ensuring that the organisation is well positioned to respond to both current pressures and future uncertainty. Alongside this, we have continued to review and develop the composition of the Board to ensure it has the right balance of skills and experience to support the charity’s strategic direction. The external environment continues to present uncertainties, particularly in relation to income generation and rising operational costs. Trustees have therefore continued to provide strong oversight and support to the CEO and senior management team (SMT) in ensuring that appropriate plans are in place to manage these risks, while also supporting the exploration of new opportunities, including partnerships and potential commissioning arrangements. It is encouraging to see the organisation continue to strengthen its external relationships and profile, positioning Brainwave well both locally and across the UK. These developments help us to increase awareness and the charity’s strategic reach. The Board would like to express its sincere appreciation for the dedication and professionalism of the Chief Executive and wider staff team, both paid and unpaid, whose work underpins the organisation’s continued progress. We also extend our thanks to our, supporters, patrons, and partners for their ongoing commitment. While the year ahead will undoubtedly bring further challenges, Trustees will continue to work closely with the CEO and SMT to ensure that Brainwave remains well led, governed, and focused on delivering impact for even more families across the UK. I would also like to extend my sincere thanks to our President HRH The Duchess of Edinburgh GCVO, along with our Vice Presidents, Patrons, Ambassadors, and fellow Trustees, for their unwavering support. Your dedication remains a foundation of Brainwave’s strength and resilience. Subsequent to the year end, Keith Sinclair, our Chief Executive advised the Board of his intention to step down from the role to take on a new challenge at another charity. As I write this statement, the Board are working closely with Keith and the SMT to support a planned and orderly transition to ensure continuity of leadership and delivery of the organisation’s priorities. The Trustees would like to place on record their sincere thanks to Keith for his dedicated service and commitment to Brainwave since 2020. Joining at a time of considerable uncertainty, he provided strong leadership through the pandemic and has since played a central role in strengthening and reshaping the organisation. As a result, Brainwave is now more resilient, focused, and better positioned to deliver long-term impact for the children and families it supports. We extend our very best wishes to Keith for the future. ## **Andrew Hannam - Chair of Trustees** The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 30 November 2025. Page | 14 Registered Office: Marsh Lane, Huntworth Gate, Bridgwater, Somerset. TA6 6LQ Brainwave is a charity (1073238 / SC039137) and a company limited by guarantee (3666739) ## **Ali’s Story** Ali is 7 years old and lives near to the Brainwave National Therapy Assessment Centre. He attended his first assessment in October 2025 and was seen by Bethan, our Senior Speech and Language Therapist and Mervin our Sensory Integration Practitioner and Physiotherapist. Ali experiences significant sensory processing difficulties, which affect his attention and participation in activities of daily living. He also has challenges with balance, coordination and motor planning (planning his movements). From a speech and language perspective, Ali speaks both English and Urdu. He was born in Pakistan and has lived in Somerset for the past two years. Following his assessment, Bethan and Mervin designed an individually tailored programme to support Ali’s development in: - Balance & coordination. - Participation in daily living activities - Use of a visual timetable. - Use of modelled phrases to support communication. Ali’s parents were carefully guided on how to implement the programme at home. ## **What Ali’s parents said:** _Extremely kind and helpful team, really give you proper time to explain everything in detail. Great with kids. As a parent I feel much more relaxed and happy that Ali has support of a great team. Totally changed our perception of the reason for our kid’s communication issues. Hats off._ Page | 15 Registered Office: Marsh Lane, Huntworth Gate, Bridgwater, Somerset. TA6 6LQ Brainwave is a charity (1073238 / SC039137) and a company limited by guarantee (3666739) Incom• ond Ex ndWLV• R•vhw Y•¢w•ndlng y￿r•AdINg W25 DKl•r•ne• Donalions and i•gacNpi Tr￿[oPY S•Thlc• Hyd￿￿ Accommodallpn £1.144.628 £1.015.990 -£128.638 2.640 £37.421 +£4.7ei £8J.973 £86.161 +£2.188 £13.438 £15.865 +£2.427 R•l¢%l £940.027 £988,125 *148.098 lTrv•slm•nh / Olh•f £6.092 £6.6￿) £2.2X).798 £2.150.162 470,636 In¢•m• - 2025 v 2024 Th•ropy. Hydropool l AccomrnodalSon £13?.447 £130.051 Donulorts. Glls & L•4uel•s Expenditure Year ending 2024 Year ending 2025 Dfflerence Charitabl• Aclivi+i•s £818.190 £854.80l +£36.611 Iradlng (R•lall) Rahlng Funds £954.554 £1,015,260 +£60.706 £304.064 £269.770 -£34.294 Total £2,076,808 £2,138,242 +£61,434 Expendllure 2025 v 2024 Charllabl• AclSvHI•s Tradlnq IRelaill R4hlng Funds •￿25 llg024 Page | 16 Re9islered Ollice.. Marsh Lone, H￿ntworth Gc]le. Bridgwaler, Somersel. TA6 6LQ REwfoR Brainwave is o charily11073238 1 SC0391371 and a company limited by guaranlee136667391 ## **Commentary on Income and Expenditure: Year Ending 2025 vs. 2024** The charity has continued to operate within a challenging financial environment during the year, with rising costs across a number of areas placing increased pressure on expenditure. Total expenditure increased by £61,434 to £2,138,242 (2024: £2,076,808). This increase was driven primarily by inflationary pressures, higher utility and operational costs, and increased staffing expenditure, including the impact of rises to the National Living Wage and Employer National Insurance contributions. Expenditure relating to Charitable Activities increased by £36,611 to £854,801 (2024: £818,190), for the reasons above and reflecting continued investment in service delivery, increased demand for support, and the charity’s ongoing commitment to maintaining highquality provision for children and families. Trading (Retail) expenditure increased by £60,706 to £1,015,260 (2024: £954,554), reflecting both increased retail activity and the investment required to support the continued growth and development of the retail portfolio. The increase also reflects wider inflationary pressures, particularly increases to the National Living Wage, alongside higher operational and occupancy costs across the retail estate. Fundraising expenses reduced by £34,294 to £269,770 (2024: £304,064), reflecting careful management of fundraising costs and efficiencies achieved across income generation activities. Total income for the year was £2,150,162 (2024: £2,220,798), representing a reduction of £70,636. While income from Donations and Legacies reduced by £128,638 compared to the previous year, the charity continued to benefit from strong supporter engagement and diversified income streams. The reduction reflects the continued challenging economic climate affecting charitable giving across the sector. Retail income increased by £48,098 to £988,125 (2024: £940,027), representing another strong year of growth for the charity’s retail operation. This increase was supported by increased customer footfall, targeted trading initiatives, and the ongoing refurbishment and development programme across the retail portfolio, helping to create a stronger customer experience and increase sales performance. However, while income increased during the year, expenditure also rose due to wider cost pressures, particularly increases to the National Living Wage and operational costs across the retail estate. As a result, the retail operation recorded a loss of £27,099 for the year (2024: loss of £14,527) after contribution towards the general overheads of the charity. Income from Therapy Services and Hydropool provision, also increased during the year, reflecting growing demand for services and improved utilisation across these areas. Despite ongoing financial pressures, the charity finished the year with a surplus of £11,920, reflecting careful financial stewardship, strong cost management, and the continued support of donors, customers, fundraisers, volunteers, and partners. Page | 17 Registered Office: Marsh Lane, Huntworth Gate, Bridgwater, Somerset. TA6 6LQ Brainwave is a charity (1073238 / SC039137) and a company limited by guarantee (3666739) ## **Fundraising Return on Investment (ROI)** Fundraising performance remained strong during the year and continued to deliver an excellent return on investment. The charity generated approximately £3.77 for every £1 spent on raising funds (2024: £3.76), demonstrating the continued effectiveness of fundraising activity and supporter engagement despite the challenging economic climate and delivering a net contribution of £746,220 towards the charity’s work. ## **Risk Management** The Board of Trustees maintains a comprehensive risk register which is reviewed regularly and discussed as a standing agenda item at each Board meeting and relevant subcommittee. This ensures that strategic, operational, financial, and reputational risks are actively monitored and managed appropriately. Financial sustainability remains a key strategic priority for the charity. The external environment continues to present significant challenges, including rising operational costs, increasing employment costs associated with the National Living Wage and Employer National Insurance contributions, and ongoing pressures across the wider charity sector. Despite this, the charity finished the year with a surplus of £11,920. Retail income also increased during the year, supported by improved footfall, trading initiatives, and the ongoing shop refurbishment programme, although increased expenditure meant the retail operation continued to operate at a loss overall. The CEO, SMT and Trustees will continue to review all income streams carefully to support the charity’s longer-term sustainability and strategic growth ambitions. To help ensure the charity remains financially sustainable while continuing to provide accessible support for families, a review of therapy fees and the TAF was undertaken during the financial year. Following an extensive consultation process with families, the revised fee structure and updated TAF arrangements were implemented from 1 December 2025. We recognise that changes of this nature can have an impact on some families and therefore sought to balance the need for long-term sustainability with maintaining fair and equitable access to support for those most in need. Page | 18 Registered Office: Marsh Lane, Huntworth Gate, Bridgwater, Somerset. TA6 6LQ Brainwave is a charity (1073238 / SC039137) and a company limited by guarantee (3666739) ## **Human Resources (HR)** Starters: We have had 8 employees start, with the following breakdown: ## **Staff turnover:** ## **Leavers:** ## **Reason for leaving:** Page | 19 Registered Office: Marsh Lane, Huntworth Gate, Bridgwater, Somerset. TA6 6LQ Brainwave is a charity (1073238 / SC039137) and a company limited by guarantee (3666739) 2024 - 2025 At a G(ance 365 l •assessments delivered 70 more than last year 151 ew children sUPPOrted 41 more than 2024 204 Certificates of Achievement awarded 61 more than last year of families celebrated significant achievements Page | 20 Re9islered Ollice.. Marsh Lone, H￿ntworth Gole. Bfidgwaler, Somersel. TA6 6LQ REwfoR Brainwave is o charily11073238 1 SC0391371 and a company limited by guaranlee136667391 ## **Fundraising Snapshot** ## **Fundraising Overview – 2025 and Looking Ahead to 2026** Fundraising during the year took place against one of the most challenging external environments the sector has faced in recent years. Rising costs, increasing competition for charitable funding, and wider economic uncertainty continued to place pressure on both charities and donors alike. In addition, the growing use of AI across the sector has increased the volume and speed of funding applications being submitted, particularly to Trusts and Foundations, creating an even more competitive landscape for grant funding. Despite these challenges, our fundraising team demonstrated resilience, adaptability, and strong relationship management throughout the year, enabling the charity to continue securing vital support and strengthening long-term partnerships. Collectively, fundraising performance remained strong, with income generation on target and, in some areas, exceeding expectations. Significant progress was also made in strengthening unrestricted income, developing long-term donor relationships, improving fundraising infrastructure, and expanding the pipeline of future opportunities. A major focus throughout the year was strengthening financial resilience through increased unrestricted income. In total 783 funding applications were submitted during the year, representing more than £2.2 million in requests strengthening the future funding pipeline. The team also identified 86 new potential funders, helping broaden future opportunities. Several grants were secured during the year, supporting therapy provision, TAF, and operational sustainability. Relationships with major funders and donors also continued to deepen, with several supporters’ expressing longer-term commitment to Brainwave and interest in supporting future capital development projects. Strategic improvements were also introduced across fundraising operations during the year. New fundraising materials and project booklets were developed to strengthen engagement with funders, while a centralised SharePoint library of case studies, images, testimonials, and videos has improved the quality and consistency of applications. The teams have also embraced the use of AI tools and specialist fundraising training to further strengthen bid writing, donor communications, and data analysis. Events fundraising delivered strong results during the year. The annual Brainwave Ball generated a net income of £20,000 despite hosting fewer tables, supported by strong auction and raffle performance. The reinstated Clay Shoot exceeded expectations with a net income of £15,000, while the Manchester Carol Concert generated £4,000 and continued to strengthen our presence in the North West. Community-led fundraising also remained a vital source of both income and awareness, with local groups, clubs, schools, and individuals organising a wide range of events and activities in support of the charity. Page | 21 Registered Office: Marsh Lane, Huntworth Gate, Bridgwater, Somerset. TA6 6LQ Brainwave is a charity (1073238 / SC039137) and a company limited by guarantee (3666739) Corporate engagement continued to develop positively throughout the year, with partnerships providing not only financial support but also volunteering opportunities, advocacy, and access to wider networks. Existing relationships with organisations including CPM/NDC, JMW, Fairport Containers, and Blackstone Solicitors strengthened further, while new opportunities emerged through networking events, open days, and local business engagement. Several prospective partnerships are expected to develop further during 2026. Our first ever National Awareness Week and the ‘Be Bold, Be Bright’ campaign also helped raise the charity’s profile and create new opportunities for engagement with schools, businesses, councils, and community groups. Our Open Day held during the latter part of the year generated valuable new relationships and helped showcase the impact of our work to prospective supporters and partners. The year was not without challenges. Several funders reduced grant values, sector competition intensified, and some significant applications were unsuccessful despite strong alignment with funding priorities. In addition, our team had to manage periods of reduced capacity. However, through flexibility, strong stewardship, and continued relationship building, the teams successfully maintained momentum throughout the year. Looking ahead to 2026, the charity enters the year with a strong pipeline of opportunities and clear strategic priorities. These include securing further unrestricted income, funding for therapist salaries and TAF, development of the Family Support Worker role, and progressing major capital funding opportunities linked to redevelopment of the National Therapy Assessment Centre. Several high-value applications and partnership discussions remain pending, including continuation funding from Hinkley Point C and refreshed applications to major national funders. The fundraising teams will also continue to focus on improving quality over quantity in fundraising approaches through more tailored applications, stronger stewardship, enhanced use of impact data, and ongoing investment in digital tools and AI-supported systems. Further development of corporate partnerships, open day engagement, community campaigns, and donor cultivation will remain central to supporting long-term sustainable growth. The progress achieved throughout 2025 reflects the dedication, creativity, and resilience of our fundraising team who continue to play a vital role in supporting our work. Page | 22 Registered Office: Marsh Lane, Huntworth Gate, Bridgwater, Somerset. TA6 6LQ Brainwave is a charity (1073238 / SC039137) and a company limited by guarantee (3666739) ou Igue ri op Retail V4 GOOD5 Donète Gift A,; ## **Retail Overview** This year has been one of resilience, adaptation, and continued progress for our retail operation. Despite a challenging trading environment, including reduced donation levels in quantity and quality, fluctuating footfall, rising employment costs, and periods of poor weather, our retail portfolio has collectively achieved, and in some cases exceeded, income expectations. These results are particularly encouraging at a time when many charities and high street retailers continue to face significant financial pressures. Throughout the year, work has continued to strengthen and modernise the retail operation, with investment in shop environments, systems, processes, and product range helping position the charity well for future growth and sustainability. A key development during the year was the introduction of new goods into our retail offer for the first time, providing customers with greater variety and helping increase footfall. Long-standing partnerships, including our relationship with Cosyfeet, have continued to perform well, while a new partnership with Barrettine has provided regular supplies of good quality pre-sorted donations, helping improve stock quality across the shop network. Significant investment has also been made in improving the presentation and functionality of our shops. Ashburton underwent a full refit including new flooring, signage, display systems, and a refreshed layout, substantially improving the customer experience and contributing to increased income performance. Improvements were also completed at Bruton, including enhanced storage facilities and shop floor modernisation, alongside a range of smaller improvements across other locations to improve accessibility, layout, and visual merchandising. Importantly, the majority of these works were delivered in-house by the Maintenance and Retail teams, enabling projects to be completed in a highly cost-effective manner while maintaining a bespoke and high-quality finish that helps our shops stand out on the high street. Alongside physical improvements, the retail operation has continued to embrace technology and process development. Existing till systems have been enhanced to support the evolving product range and improve usability for staff and volunteers. New marketing materials have also been introduced to encourage Gift Aid registrations and volunteer recruitment, supporting both income generation and volunteer engagement. The introduction of AI-supported data analysis tools has begun to improve the charity’s ability to identify trends, respond to changing customer behaviours, and make more informed decisions around pricing, stock management, and merchandising. Further operational process improvements introduced throughout the year have also helped reduce administration time and improve efficiency across the retail estate. The year was not without challenges. Donation volumes and quality fluctuated at times, customer footfall reduced during certain periods, and increasing employment-related costs, including higher Employer National Insurance contributions and National Living Wage increases, placed additional pressure on expenditure. Recycling income from unsellable goods also reduced significantly due to changes within the recycling market, while volunteer recruitment remained increasingly difficult across the sector. Page | 24 Registered Office: Marsh Lane, Huntworth Gate, Bridgwater, Somerset. TA6 6LQ Brainwave is a charity (1073238 / SC039137) and a company limited by guarantee (3666739) Despite these challenges, the retail team maintained a strong focus on shop standards, customer service, visual merchandising, and upselling opportunities. As a result, the retail operation has remained resilient and continues to provide an important and sustainable source of unrestricted income for the charity. Looking ahead to 2026, further investment and development is planned across the retail portfolio. Priorities include the introduction of new leased EPOS systems to improve reliability and efficiency, barcode pilots to improve stock management and Gift Aid capture, additional shop refits and security enhancements, and continued expansion of the new goods range. Further initiatives around merchandising, training, and local marketing are also being developed. The progress made during the year reflects the hard work, flexibility, and commitment of the retail team and volunteers, whose continued dedication plays a vital role in supporting Brainwave’s work with children and families ## **Overall Financial Review** Liquidity has reduced since the previous year end, reflecting the challenging financial climate within which the charity continues to operate. However, the charity has achieved a sixth successive annual surplus, reporting a surplus of £11,920 for the year, compared with £143,990 in 2024, a decrease of £132,070. This remains a positive outcome given that a deficit budget had originally been projected for the year. Unrestricted funds stood at £1,073,648 compared with £632,581 in the previous year, while restricted funds were £286,490 from £715,637. In the year, a number of funds relating to assets were transferred from restricted and designated funds to the fixed asset designated fund. This fund is at the value of the net book value of the assets. The funds are no longer considered to be restricted, as the restriction had been met in previous years - to spend the funds on purchasing or maintaining the respective assets. We recognise that 2026 will continue to present significant challenges, particularly in relation to fundraising, retail performance, rising operational costs, and the wider financial pressures facing the families we support. In response, the charity will continue to focus on prudent and responsible financial management, strengthening and diversifying income streams, developing new partnerships and commissioning opportunities, and improving operational efficiency to help ensure long-term sustainability and resilience. Alongside this, an organisational review will be undertaken to identify areas where costs can be reduced and resources used more effectively, recognising that managing expenditure is one of the key areas within the charity’s direct control. Page | 25 Registered Office: Marsh Lane, Huntworth Gate, Bridgwater, Somerset. TA6 6LQ Brainwave is a charity (1073238 / SC039137) and a company limited by guarantee (3666739) ## **Reserves and Investment Policy** Brainwave is committed to maintaining an appropriate level of financial reserves to support the long-term sustainability of the charity and the delivery of its charitable objectives. This policy sets out the purpose of holding reserves and the framework used by trustees to determine an appropriate reserves target. ## **Purpose** The purpose of holding reserves is to: - Protect the continuity of services and support provided to beneficiaries. - Manage financial risks, unforeseen costs, and fluctuations in income. - Meet financial commitments should the charity need to reduce or cease operations. Provide flexibility to respond to strategic opportunities that advance the charity's mission, such as service development, infrastructure investment, or other initiatives that strengthen the organisation's long-term impact. ## **Policy Statement** The trustees aim to maintain a level of unrestricted reserves that is sufficient to: - Support the charity's day-to-day financial stability and cash flow requirements. Mitigate the impact of significant financial risks or unexpected events. - Meet the costs associated with an orderly wind-up of the charity, should this ever become necessary. - Enable the charity to take advantage of appropriate opportunities that align with its strategic objectives and enhance outcomes for beneficiaries. In determining the minimum level of reserves required, the trustees utilise a Contingency Calculator that estimates the costs associated with an orderly closure of the charity. This includes consideration of: - Staff redundancy, notice and accrued holiday liabilities. - Lease, contract and other termination costs. - Professional and legal fees. - Asset disposal and other closure-related obligations. - Any additional liabilities that may reasonably arise. The reserves requirement generated by the calculator is reviewed annually and updated to reflect the charity's current commitments, operating environment and strategic plans. Trustees review the level of reserves regularly as part of the budget-setting and financial monitoring process to ensure reserves remain appropriate to the charity's risks, obligations and future opportunities. Page | 26 Registered Office: Marsh Lane, Huntworth Gate, Bridgwater, Somerset. TA6 6LQ Brainwave is a charity (1073238 / SC039137) and a company limited by guarantee (3666739) ## **Reserves Target** As of the date of signing these accounts, our reserves target stands at a minimum of £403,000 . This figure reflects the amount required to cover key costs and contingencies, based on the factors outlined above. The target is reviewed quarterly and formally adjusted each financial year to ensure it remains appropriate. Our current free reserves, as reported in these accounts, are £317,805 — an increase of £68,965 from the 2024 figure of £248,840. This continued growth represents clear progress and provides evidence that our financial strategy is beginning to deliver results. In addition to free reserves, we also hold assets valued at approximately £1.3 million (primarily our premises), which could be liquidated if necessary to meet core costs. That said, our aim remains to build up our free reserves to the target level through sustainable means. Plans to achieve this include: Page | 27 Registered Office: Marsh Lane, Huntworth Gate, Bridgwater, Somerset. TA6 6LQ Brainwave is a charity (1073238 / SC039137) and a company limited by guarantee (3666739) Fundraising events i.: LAS 11 Welcome t ,EN Lroeso I. imM5N- G8tPRO i OPTif*ou KtEpLÈFr ## **Structure, Governance and Management:** ## **Management and staffing** The Chief Executive Officer (CEO) has overall responsibility for the leadership, strategic direction, and operational management of the organisation, ensuring Brainwave remains responsive to both current challenges and future opportunities. The role provides oversight across fundraising, therapy services, organisational development, HR, health and safety, and service development, following a period of organisational change in which a number of previous senior management posts were not replaced. A key focus of the CEO and Senior Management Team is ensuring that Brainwave continues to develop a positive, collaborative, and supportive culture where staff and volunteers feel valued and empowered. This supports the delivery of high-quality services for the children and families we support, while also ensuring the organisation remains sustainable, resilient, and fit for the future. During the year, continued progress was made in strengthening operational systems, digital transformation, fundraising infrastructure, and organisational development to support longterm growth and efficiency. The Senior Management Team currently consists of the CEO, Head of Retail & IT, and Service Delivery Manager, who work closely together to oversee the day-to-day running and strategic development of the charity As at 30 November 2025, Brainwave employed 67 members of staff and was supported by more than 150 volunteers. The contribution, dedication, and commitment of our staff and volunteers remain fundamental to everything we achieve as an organisation, and we are extremely grateful for their ongoing support. ## **Governance** The Board comprised nine trustees at the year end. Since that date, one trustee has resigned and Dean Smith was appointed as a trustee in December. During the year, a targeted trustee recruitment campaign was undertaken to further strengthen governance, increase service user representation, and broaden the range of skills, experience, and perspectives across the Board. The campaign proved successful, with three candidates shortlisted who are currently progressing through the formal appointment process. The Board meets four times per year and is responsible for the appointment of trustees, and in doing so seeks individuals with appropriate experience and skills to provide the Board with the necessary range of expertise and diversity. In addition, there are the following subcommittees: - HR, H&S and Remuneration - Service Delivery and Development - Finance Individuals interested in becoming a Trustee are invited to visit the Centre to meet with the CEO, gain an understanding of Brainwave’s work, and discuss the responsibilities of the role. Candidates then undertake a formal interview process with two existing trustees, including the Chair of Trustees. Page | 29 Registered Office: Marsh Lane, Huntworth Gate, Bridgwater, Somerset. TA6 6LQ Brainwave is a charity (1073238 / SC039137) and a company limited by guarantee (3666739) Following appointment, each new Trustee meets with both the Chair and CEO and completes a structured induction programme designed to provide a comprehensive understanding of the organisation, its governance responsibilities, strategic priorities, and operational activities. The Brainwave Trustees delegate operational management of the Charity to the CEO, who reports on performance against the strategic and operational plans approved by the Trustees. Management information, reflecting activities across the Charity, is prepared monthly and presented for discussion and review. Since the establishment of the Finance Subcommittee (FSC), management information relating to financial performance, risk, forecasting, and key operational indicators has been subject to additional scrutiny by the Committee prior to Board meetings, with updates and recommendations then reported through to the full Board. This has strengthened financial oversight, governance, and strategic decision-making across the organisation. ## **Disclosure of information to auditor** Each trustee has taken steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the Charity's auditor is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware. By order of the Board of Trustees Andrew Hannam - Chair of Trustees Date: 15 July 2026 Page | 30 Registered Office: Marsh Lane, Huntworth Gate, Bridgwater, Somerset. TA6 6LQ Brainwave is a charity (1073238 / SC039137) and a company limited by guarantee (3666739) ## **Reference and Administrative details** Status: The Brainwave Centre Limited is a registered charity and company limited by guarantee. It has no share capital and is a registered charity in England and Wales, and Scotland. The guarantee of each member is limited to £1. The governing document is the Memorandum and Articles of Association of the Company, and Members of the Board of Trustees are the Directors of the Company. The organisation is more commonly known by its operating name of Brainwave. Company number: 03666739 Charity number: 1073238 / SC039137 (Scotland) Registered office: Marsh Lane Huntworth Gate Bridgwater Somerset TA6 6LQ Trustees: Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows: Andrew Hannam – **Chair** Richard Adams - **Vice Chair Bankers:** Lloyds Bank PLC Martin Jackson 25 Cornhill Barrie Crow Bridgwater Glenys Taylor: **Resigned 11 June 2026** Somerset TA3 3AY Chris Medlock **Auditors:** Burton Sweet Jeremy Tankel The Clock Tower Jessica Barham 5 Farleigh Court Sarah Twist Old Weston Road Dean Smith: **Appointed 11 December 2025** Flax Bourton Bristol, BS48 1UR ## **President:** Her Royal Highness The Duchess of Edinburgh GCVO ## **Patrons:** The Lady Fellowes of West Stafford LVO The Lord Fellowes of West Stafford DL Sir Ranulph Fiennes, Bt OBE Dr Michael Smith Mr Olly Murs ## **Vice Presidents:** The Rt Hon The Lord King of Bridgwater, CH Major General Sir Christopher Airy, KCVO, CBE Dame Jane Whiteley, DBE Lady Gass, DCVO **Chief Executive Officer:** Keith Sinclair (until 26 June 2026) Page | 31 Registered Office: Marsh Lane, Huntworth Gate, Bridgwater, Somerset. TA6 6LQ Brainwave is a charity (1073238 / SC039137) and a company limited by guarantee (3666739) ## **Statement of trustees’ responsibilities** The Trustees (who are also directors of The Brainwave Centre Limited for the purposes of company law) are responsible for preparing the Trustees’ Report (incorporating the directors’ report) and the financial statements in accordance with 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 Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year which gives a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its income and expenditure for the financial year. In preparing these financial statements the Trustees are required to: - Select suitable accounting policies and apply them consistently; - Make judgements and estimates that are reasonable and prudent; - State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - Prepare financial statements on the going concern basis unless it is not appropriate to assume that the company will continue on that basis. The Trustees are responsible for maintaining proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and ensuring that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Companies Act 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. ## **Independent auditor’s report to the members of The Brainwave Centre Limited Opinion** We have audited the financial statements of The Brainwave Centre Limited (the “Charity”) for the year ended 30 November 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of 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 Charity’s affairs as at 30 November 2025 and of its income and expenditure for the year then ended; - Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - Have been prepared in accordance with the requirements of the Companies Act 2006 and regulations 6 and 8 of the Charities Accounts (Scotland) Regulation 2006 (as amended). Page | 32 Registered Office: Marsh Lane, Huntworth Gate, Bridgwater, Somerset. TA6 6LQ Brainwave is a charity (1073238 / SC039137) and a company limited by guarantee (3666739) ## **Basis for opinion** We conducted out audit in accordance with international Standards in 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 Charity 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 directors’ 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 charity'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 directors with respect to going concern are described in the relevant sections of this report. ## **Other information** The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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 the fact. We have nothing to report in this regard. ## **Opinions on other matters prescribed by the Companies Act 2006** In our opinion, based on the work undertaken in the course of the audit: The information given in the trustees’ report (incorporating the directors’ report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and The directors’ report has been prepared in accordance with applicable law requirements. Page | 33 Registered Office: Marsh Lane, Huntworth Gate, Bridgwater, Somerset. TA6 6LQ Brainwave is a charity (1073238 / SC039137) and a company limited by guarantee (3666739) ## **Matters on which we are required to report by exception** In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and Charities Accounts (Scotland) Regulations 2006 (as amended) requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; - the financial statements are not in agreement with the accounting records and returns; certain disclosures of trustees’ remuneration specified by law are not made; or we have not obtained all the information and explanations necessary for the purposes of our audit; or - the trustees were not entitled to prepare the financial statements in accordance with the small companies’ regime and take advantage of the small companies’ exemptions in preparing the directors’ report and from the requirement to prepare a strategic report. ## **Responsibilities of trustees** As explained more fully in the trustees’ responsibilities statement, the trustees 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 they 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 Charity’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 Charity 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 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and under the Companies Act 2006 and report in accordance with regulations made under those Acts. 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. Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: Page | 34 Registered Office: Marsh Lane, Huntworth Gate, Bridgwater, Somerset. TA6 6LQ Brainwave is a charity (1073238 / SC039137) and a company limited by guarantee (3666739) - we identified the laws and regulations applicable to the charity through discussions with those charged with governance and other management, and from our knowledge and experience of the sector; - we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements of the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, pensions, environmental and health and safety legislation; and we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management, inspecting legal correspondence and remaining alert during the audit for any indications of non-compliance. ## **Our audit procedures in relation to fraud included but were not limited to:** - making enquiries of those charged with governance and other management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; - discussing amongst the engagement team the risks of fraud; - gaining an understanding of the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations; - testing journal entries to identify unusual transactions; - assessing whether judgements and assumptions made in determining the accounting estimates set out in the accounting policies were indicative of potential bias; and · investigating the rationale behind significant or unusual transactions. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditors/audit-assuranceethics/auditors-responsibilities-for-the-audit. This description forms part of our auditor’s report. **Use of our report** This report is made solely to the Charity’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and section 44(1)c of the Charities and Trustee Investment (Scotland) Act 2005. Our audit work has been undertaken so that we might state to the Charity’s members those matters we are required to state in 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’s members as a body, for our audit work, for this report, or for the opinions we have formed. Joshua Kingston FCA (Senior Statutory Auditor) For and on behalf of Burton Sweet Limited Statutory Auditor The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR 23 July 2026 Date: ………………….. Registered Office: Marsh Lane, Huntworth Gate, Bridgwater, Somerset. TA6 6LQ Brainwave is a charity (1073238 / SC039137) and a company limited by guarantee (3666739) Page | 35 THE BRAINWAVE CENTRE STATEMENT OF FINANCIAL AcrtVmÉS IINCLVDING INCOME AND ExpEND￿vAt ACCOUNTI YEAR ENDED 30 NOVEMBER 2025 Unf•wk￿ R•xrkt•O Toul fvnds Toial fvry15 d lunds Incom• from: DonatlDf15 and legaths Ch¥rtat4e ac¢Mries <￿er iradiry 546.937 469.093 139.447 125 lJllS.gX) 139.447 9PAI25 1.144.628 13QOS1 910.027 ot￿r 1362 247 Total 1.681.109 469.053 1150.162 2.220.798 1.283.441 )3.436 1283.411 854.￿7 1.25&618 818.190 551.365 Total oxpenditur* 1.586.877 551.365 1138.242 2.076.& t232 13121 11.920 TTankn i*tTh*tn hjnds 34&835 13W351 441.tffj7 (429.1471 11.920 141 Total fund5 It start ol y 6￿5#1 71S.637 134B218 1.204.228 Total lund5 4t end ol > 1.073.618 286.4 1.360.138 1.34&218 ThtCh¥¢yh•5 no1•(ow￿¢￿ ￿1￿% ￿ lossos other ilw the reyJlts I￿ ihÈyw assétoutat#yrt. Jl¢lthe oltr* ¢lTr¥tty we<￿$S¢d •$ Th• on P•9￿ 17to 351orm p•rt ol¢h•x fin•nd•l s¢•¢em•iiM Poge 136 Re9islered Ollice.. Marsh Lone, H￿ntworth Gole. Bfidgwaler, Somersel. TA6 6LQ REwfoR Brainwave is o charily11073238 1 SC0391371 and a company limited by guaranlee136667391 THE BRAINWAVE CENTRE BALANCE SHEET AS AT 30 NOVEMBER 2025 Company number. 3666739 Note Flxed 4sS•ts Tangible ¢￿e[S In￿￿r￿[S 13 14 797A35 810.487 797.837 810,489 Current as5•ts Stock t>ebtors Cash ar barlk •nd In IS 16 2.525 57.803 Y07.936 4.695 50.624 707,764 76&2r 761￿3 Liabillti Credttors.. amwnts falknj due wiihin one >*ar 17 1189.5641 Plet eurrent assets 578.7 581.572 Total assets less ctsrrent Ib•￿IllI¢S 1,376.537 1.392.C61 C¥edrtor5'. amount5 fall due after more than One￿aT 18 {1&3991 1418431 Net asmts 1,360.138 1.348.21B FUNDS UnrostrIct￿ funds G¢neral Ivnd5 DestynatÈd lur¥Js R•strlrt*d fvnds 317.8Q? 755.841 286.4 $86,637 45.944 715.637 Total fvnd$ 1.360.138 1.348.218 These financial 4aternent5 ￿re arvoved by tht Trustees on.... 15 July 2026 ..4nd are Signed on their behair ty. Andrew Han￿M Chair The notès on pagt$ 17 to 35 forni p*rt uf thEse financlal st•t*nents Poge 137 Re9islered Ollice.. Marsh Lone, H￿ntworth Gole. Bfidgwaler, Somersel. TA6 6LQ REwfoR Brainwave is o charily11073238 1 SC0391371 and a company limited by guaranlee136667391 THE BRAINWAVE CENTRE CASH FLOW STATEMENT YEAR ENDED 30 NOVEM8ER 2025 14eE ush Inll•w from opor•tln9 •CITr￿￿ 49.912 138337 Payrrkn*s fer lang￿e fixed asse Pmceeds Irom s*s of on9ible fixed assets (U86n S845 (19.5311 I38.3￿) Flnanclry actl¥l Q9.465) I￿.2 129.4651 Nei ush Inll•wl(•urfl•wJ tr th• y 70.492 Ch*ityl*• Wth1￿$[he use ol cash w)l￿w$8￿ Of￿her re$V￿ed fvnd iooffset nef cash outho¥Ns L￿aTryI1￿d Qth5Kle 115 ¢xcepton 5pei4wt1￿1ity. lrtpr•uKe. r¢strKw￿h•sn¢¢ had *tyeffect on (as* lor theyear. Poge 138 Re9islered Ollice.. Marsh Lone, H￿ntworth Gole. Bfidgwaler, Somersel. TA6 6LQ REwfoR Brainwave is o charily11073238 1 SC0391371 and a company limited by guaranlee136667391 THE BRAINWAVE CENTRE UMITED NOTES TO THE FINANCIAL l A¢ctyJhtln9 p•Ncles k(wn¢ing wn¥•n Pr4¢1ice.' kcoynrkng and Repmthg ty Ch4fi1*5 prep4rir¥J thw"r In vnth Ihe FwrKMI SurbdaTd in the UK arml of Irdand (FRS 102)i55ued in CKtab•r 2019 ￿dthe Fina￿￿ ReFtstry StaThJarOappWcabbe In Lhiiied knr¥dom4nd Rewt4k ol 1rd￿j IFRS 1021arNI thpC0n¥rnAc12(￿ and VK(*wafy Accepted Pr*YiKe a5 it appr*5 fvoffl l Ja1￿￿ry 2019. TheY ￿358e¢s01 xi N¢￿¥Mber2025 of £1.7Y 12024. £1.7941 wb9d1￿ rn*erkiltothe 9rwsL ltsopiwito hr•Ki•l swemeNS K•y1￿9•mInty •nd 5•W(￿ ol •XJm•V•n ¥n¢•rt•lnty Inihe aPkqu*)AoIThe ryuxeesare reqLYrtd io makejwjww esfimares*)dasgJmpDon$aiK￿rt rl* c*r>w¥J amwnf olassersand liaLNhriesih# aren￿ fea¢Jty*ipp¥e from otlv Swe%Thee￿￿naleSanda5￿￿￿7ted asSurnp￿nS are based on TrwstorK￿ expewKe•ndirfi lactors thaiar* (im￿￿rÉd 10 L* relev*Lktuèlf*sdts from thesÈexmiEe penttd Ind I￿￿r* per￿￿¥1*¢ f¢wyon 4ff¢usbtsth currffil •nd fwur¢ pw Poge 139 Re9islered Ollice.. Marsh Lone, H￿ntworth Gole. Bfidgwaler, Somersel. TA6 6LQ REwfoR Brainwave is o charily11073238 1 SC0391371 and a company limited by guaranlee136667391 THE BR￿NWAvE CENTRE UMrrED hlOTES YO THE FINANCIAL I k(wnilng poll¢1•5 The key wvrces of esDmatson ￿￿e￿a1￿Y1h•ih￿aSwfiUrn knw¢ ¢XbU*•rThxM*5 rec(Wwdlnihe xtru¥s are provhsK)nsm•Jety Ihe charityin relaiityi tothe e¥pe(tedcosi olfeiiirnir leasehDld proper￿5 th th￿r￿vna1 ai rhe enddthe leaseierm.The￿rTwryamD￿￿ ol the iotsl ty15kn5 •5* 30Nty4Ymb•r 202$ b É1&17812024:£29.0$1 l. When tk)rK)rs w ￿art kWs>ittrs spKifythaidtyviv>B and 9rants gThVI to ihe (hty be Iw¥re •ccounM9 penodi 1gdplprr¢d untilthos¢Wr￿rt&" IL When dDnors or PTtr+ide￿ ifflpose condrtiDThS *thith to bt h￿l￿d bofort tho (h be(¢xnes entided to use such i￿Ome. the*K(*ne isdelerred l*)t￿ the wtr(ofvJibons ￿b¢en Le9x*s we 4yI a rece*4able basE% ￿there(h￿ty Iswrtitied lothe Irrtome. be ffleasLwed ie of wob41e. Ihe crrtvwfw kn(¢￿¢ rff¢gnrfvi noElJeen Iw, lknthe 1¢gKyts In I￿OmE is we￿ed asa ctyrtinyniasset andth'sclosed llmartri￿. Income goods re$a￿lS re(￿Sed0￿ olthegoods. Rert iqre(¢4JfMsed in 1hepvK￿iQWfftKh li rewes. Income fvtynfuntha&ngLW)ts tsrecthjnised kn the inTAknchlheieknartth*nt takes rlace. ¢rth¢n*i*ha¥eio ts¢ Pa￿ lty iomairrf* op¢r•v)n41eNrfir¥¢ntSS. Expenditure tl* pwknj In *4¥ch * Ls eywd*ure I￿ VATthkh be rec¢Mfe R•isin9 fynO5exper￿I￿t1lK￿4Je ItWfOSts IKurredln5eoku¥JvcW4ryC¢￿nMrtkrn￿S￿oIg0o￿5 l a￿t1XhÈIcO￿$￿ffi￿h Inth￿th*costs￿I parttyiThJ ￿ fLmdraisiwJtd•MS and ¢•I¢(ti￿•￿I£•￿ of+Joodspurdb)*d lor i¢salt. Poge 140 Re9islered Ollice.. Marsh Lone, H￿ntworth Gole. Bfidgwaler, Somersel. TA6 6LQ REwfoR Brainwave is o charily11073238 1 SC0391371 and a company limited by guaranlee136667391 THE BKAINWAVE CENTRE UMITED NOTESTO THE FINANCIAL httrftaè1¢A¢￿1t Cttaritsbleexpendhurfecomwsesibose CO￿4￿urred tyl￿{ho￿￿1n theddl*ryof lisactlvibes Jnd seNcesforitsbeDefKiaries. Tt licludes bDthcosts thai can be4locaiedd¥ecI￿lo suchactibiLte5 affldth05e rI¢￿nance<0%rs4r￿I￿oeihOse(Oli%&￿ocIl1ed￿i1th mee1￿9 the{ons￿Ul10n￿ and S1&t￿l￿ry requliements ol (harltyaDd iDrlude the aL*lbt fee5 and unts required to Settle the obligation. Where the effect of the tirne value of rnonry 15 tnaterial, Ihe provi510n 15 based on the presentvalue of rh05e amounts, discounted and the pre-tax discount rare that refiects the r15ks specific to the liability. The ￿n￿￿1n9 of the di$¢ount 1$ re<¢gnised ￿thin intere$t payablè and $imil•r Fund a￿oUntin9 Unre$irl¢red funds can be used in accordance ￿th the choriiable objerts ai ihe discretion of the trustees. Restritted funds can only be used for ￿rtiCular restritted purposes wlthln the obleas of the charfty. Re51ricrion5 arise when 5pKified byihe donor or when fund5 are raised foT particular re511icied purpose Design•ied funds form of unrtsrriueil fvnds •nd have been ideniifieé •$ being for particular purposes by the Trustees. TW are not re5tr1cted and can be transferred to general funds at any lime at the di5crerion of ihe Tru5rees. Further explanation ofthe nature and wrpose of each fund is included In note 21 of the firthncial ststernènts. Poge 142 Re9islered Ollice.. Marsh Lone, H￿ntworth Gole. Bfidgwaler, Somersel. TA6 6LQ REwfoR Brainwave is o charily11073238 1 SC0391371 and a company limited by guaranlee136667391 THE BRAINWAVE CENTRE UMITED NOTES TO THE FINANCIAL 2 frIY￿ Don•tlons •Trd1•9•¢ks unr•strltt• RestrIrt￿ Total fvnds fun fvnts )nJtion5 and 9fft5 Lewie5 5d4.6QO 1.337 469,053 1,013,653 1337 $46.937 469.053 1.015.990 Unrestrkted RestrKted Total lurxls furvjs 2024 Oonaiions and gffts Legacie5 591.670 1,131.674 12.954 12.954 604.624 540.004 1.144.628 3 Inwrne frorn.. Ch•rl¢4bk Unr•Arlct* R•strlctod Total funth lund5 Asse55rneni Income Hwlrotherapy incorne commodatlon incty 37.421 86.161 15.865 37,421 86,161 15.865 139.447 139,447 Uwestitled Restrthd ftJnd5 fund5 Total furKIs 2024 A55essment income H￿r01heropY income Accoffwmodatlon incoff 83.973 13.438 83.973 13.438 110.OS1 130.051 Poge 143 Re9islered Ollice.. Marsh Lone, H￿ntworth Gole. Bfidgwaler, Somersel. TA6 6LQ REwfoR Brainwave is o charily11073238 1 SC0391371 and a company limited by guaranlee136667391 THE BRAINWAVE CENTRE UMITED NOTES TO THE FINANCIAL 4 frIY￿ Other tradlng •¢¢Mtle$ Unre5trici¢d Restrlaed Total fury15 fvnd5 Charfty Shop SO￿5 9￿125 988,125 988.125 981125 Unrestricted fijnds Restr￿t￿l fuTrJ5 Total fund5 2024 Charity shop 917.372 917,372 22.655 22,655 940.027 940.027 Unrest￿(11￿ Re5trlrted Total ffund5 funds furtds Interest re(el¥ed 4.238 4.238 4238 4,238 Unre5tritted Restritted Total IL¥M15 funds fund5 2024 Iniere5t receb4 s.us 5.845 5.845 5.845 Poge 144 Re9islered Ollice.. Marsh Lone, H￿ntworth Gole. Bfidgwaler, Somersel. TA6 6LQ REwfoR Brainwave is o charily11073238 1 SC0391371 and a company limited by guaranlee136667391 THE BRAINWAVE CENTRE UMITED NOTESTO THE FINANCIAL 6 ÉxÈ*ndltUT• Other dlrxt TWI fvnd¥ 25 17&798 667.508 17.153 113 18.419 327.750 1.013.671 36.2>2 12B3,441 (1k￿ty$ Charttl￿• Souih Wex Centre lknh rf>J￿e & ie9ion615UPPDrt 77.079 139.253 84S.2 9.601 &643 637.511 7P.Yi 1Ay9 1A81.817 542.212 2.138,242 Supp OthÈrdlrect Toialfund5 1024 al3bTry Full4ralgn9 ¢XPEll CIwfiiy5 19.SJl 20.410 .939 >)4. 310.81Q 9Y.5 38&749 125a618 I29.￿1 Ch•dtal4• Sovih West Cenire and &¥ogiond $31.384 $0.8SI 1.99? 1.017 147.57$ 363 $7.231 151941 ai I￿1?.056 121062 S41.￿ 2.OThK Poge 145 Re9islered Ollice.. Marsh Lone, H￿ntworth Gole. Bfidgwaler, Somersel. TA6 6LQ REwfoR Brainwave is o charily11073238 1 SC0391371 and a company limited by guaranlee136667391 THE BRAINWAVE CENTRE LIMITED NOTESTO THE FINANCIAL 7 S¥pwt (wt5 Suppm (axs. l• 4•rt4s foll¢ Ch￿￿ty1• T•t•l Prtmises wr. Nolrusiees￿feCe￿anY re￿￿t￿rSed exwsesoranythh¢tb¢neflts fvtNni￿1ha￿ryd￿wkn9 the currentw preth￿sY￿. gregatl tha￿)nStr￿n1￿￿ees keyrn•wEmEnrFWSonn4. othv rei4ted pJrrie5W•5tJ.59D lJ)24..E3.7501 10 Staff costs and Ihe•Jgrryaie wroll <0515IA 5alariE5 So(¥15ecurrty C05ts PeTrsl¢n coMrit*Jkn5 1297.&51 123.840 36.015 lJ51.963 97.237 3&S32 1.457.5 1.305.732 Thtmorfhtya4wty¢numberofpewsiiAw. Trade de￿ty$ 1.142 47.110 9.551 13.870 lkner deOIWS 7.710 57.WJ3 $0.624 17 Crtdt•l&' 4lklOllnts ffalllty due *￿thIrt one year B￿k and 011￿ duè w subsithary Urth￿￿4$ ToxaiK)n 30cwI se(umy 25.595 30.270 101.5dO 25.442 189.564 Poge 151 Re9islered Ollice.. Marsh Lone, H￿ntworth Gole. Bfidgwaler, Somersel. TA6 6LQ REwfoR Brainwave is o charily11073238 1 SC0391371 and a company limited by guaranlee136667391 THE BRAINWAVE CENTRE UMITED NOTES TO T+tE RNAMCIAL 17 Crnd1¢0￿ •m•unts l•llln9 éu•wlthlD on• y••r (¢rKrtlw•d) on•Jwkntkths tht101￿In9 liabl1t1￿ on*t*h socurltyhasl>••ng*•*n ty th• 25.595 k loans¥e each se(wedw a fttedtharyefftr l￿freQh￿d w•penybe1owr4iot￿(w￿O a deL*nturew¥lothe( assets tothe ch¥ty. Tre knkloarrS** r&pty￿e h ¢4ual rrwthtyfvarnents. *iih the nnal h75rkni bdrwJdwlA Swefflber2027. Imefe5t ￿theI￿an5 * a fixed faieof betsyeen 2.1*4.6.81 sth5ewentyGirried alarmrt1￿ Costu￿n9 the ￿leTeSt rnetmd. 11 CredlttyK •m￿n￿ tallN￿ +*Je after One 16.399 43A43 16. 43.843 mr*vm50fthE bank k¥•n5 ￿ dur￿5¢11 in n￿e 17 19 Recondllats¢￿ of net muvornnt In t• n•t InnDw Ir•m qp•ratlry 11.920 1499) 1423B) 1764 34133 (5x45> Loan ￿l¢re$l D¢prrfiwJn .642 Intyeas¢ i {dttrta*l in <[¢thI￿ halx"h¢*S (IweJ5el I (lebwr4 Decreasei ￿￿e•sel in ￿(￿k &052 (7.1 1170 146951 49.911 13&337 Poge 152 Re9islered Ollice.. Marsh Lone, H￿ntworth Gole. Bfidgwaler, Somersel. TA6 6LQ REwfoR Brainwave is o charily11073238 1 SC0391371 and a company limited by guaranlee136667391 THE BRAINWAVE CENTRE UMrrED NOTE5 TO THE FINANCIAL 20 Analy515 olthanges In cash dLbrlng N•te Change Cash at bank and in hand 707.936 707.761 172 Chany• C•5h 4 b•nk and lth hand 707.764 637.272 70.492 21 Mo¥empni In fvnd5 Frlr the wr ended 30 Novtrnber 2025 AtIDet At 30 N¢W 2025 Fxpend6t¥re Tr•nsf•rs A•5tricted fund5 Spon50r5hip5 and bursar Genera1- all areas SouthWe5l Ceiitr Hydrotherapy Poo1 Accommodation units South Easr Reglon North West Region Other flxed assets 132,142 168.353 35.378 261.W 65.080 7.￿7 13,885 32,228 193.761 233.232 20.L 15.COJ 1308.3061 118&Z661 17.597 211319 35.427 L26.0421 1250.5221 165.0801 12.6681 IS1371 {9951 5,399 14.748 131.233) 715.637 469.053 1551.3651 1346.8351 28&490 UThrestrl¢ted luDds Designated . Revaluation fvryl Oesignatetl- Fixed asset Charity shops GeneTal lunds 45.944 145.944) 755.841 27.099 .1611 75SB41 9a&161 692.948 (1,01S.2601 1571.617) 586.637 317.807 632.581 1.681.109 11.$8&8771 346.835 1.071648 Total fvnds 1.348.218 2.150.162 12,138.242) 1,360.138 Transfer from re5trlrted fund5 In Ihe year. a numberol funds relaiing io asset5were iransferfed from restricted and deggnared fJnds 10 Ihe fixed asset desi9nated fvnd. Th15 fund Is at thevalue of the net bookvalue of the assets. The fundsare no longer considered to be re51ntted. as the re5tnction had been met In PTevious years. io spend ihe fundson purCha￿n9 or mainialnwj the respertNe3sse Poge 153 Re9islered Ollice.. Marsh Lone, H￿ntworth Gole. Bfidgwaler, Somersel. TA6 6LQ REwfoR Brainwave is o charily11073238 1 SC0391371 and a company limited by guaranlee136667391 THE BRAINWAVE CENTRE UMrrED NOTE5 TO THE FINANCIAL 21 Movern•nt In fund5 Icon¢inu•dl A￿(t•d funds Spwsryships ondbungri¢s Funds raised to prowde bursaries avaiL4ble to farnillès in n@od to assI51wth Initia1 a5se55rneni CO5￿ •nd Wn50Tshlp fund5 to a5S15t indlvidually 5pecilied children with rea55e5srnent C05rs. 6enerol. Jll oreo5 FuTrds r415ed f¢r general equiprnenL s*ary)24 AtIDrf At>JNw 2117( 88.927 211315 1291.881) 1153.4> 119.22n 1.327) 131142 168.353 35.378 261.$64 General. all arth75 5wih Wea (en￿e Q14741 1&2141 $1559 270ml $9.157 31393 19.176 7.63fft 1&9211 Styjth Eam Reg North West Reghjn 125265) (1 13.88$ 32.228 34.162 7¢X).743 1525.1101 715.637 1)ty9riated. fvrKI ¢￿ty Sho 45,914 918282 761512 (YA5S4) 1597.144} 36272 P6.2721 457.541 637 503.485 l.W.794 (1,557.￿) 631581 Tatsl 1.204.228 I220.P)8 (lo76.￿) I.3￿218 Ihwestrleted ilnrtstrfcted ilnrestrfcted A•¥tvkt•d tharlty O•gWiod fun05 fur#ts n05 7.8aS 79?A35 Lo￿5 se(wed w prcyrty (41.9941 141.994) 317m5 216.4 317m7 755.841 IJW.138 Poge 155 Re9islered Ollice.. Marsh Lone, H￿ntworth Gole. Bfidgwaler, Somersel. TA6 6LQ REwfoR Brainwave is o charily11073238 1 SC0391371 and a company limited by guaranlee136667391 THE B￿NWAvE CENTRE UMITED NOTES TO THE FINANCIAL rund# Clb*lty f>*n•r￿ Dfflgn•tod fvnds TOLII fixed 8ss*s 357.>)9 4&914 169.439) (69.4 f4)7,168 715.637 58&637 45.914 1.318.218 2Y Analysls ol thanges ln net debl non<•sh Nov*mb*r Cash at bank and in Debt due within t￿ytar Debt 4Jue after 707.76 I25.￿) 143.8431 707,936 (25.YJ51 {16.3991 )2fYJ 7651 638.325 30.3Bi 117641 66S.Y2 At1 non￿$￿ Novembpr Cash at barth in ha*1 Debt due wKhin 637.272 12S.5951 169.849) 7.764 2&LX15 (41B431 541,828 96.497 Poge 156 Re9islered Ollice.. Marsh Lone, H￿ntworth Gole. Bfidgwaler, Somersel. TA6 6LQ REwfoR Brainwave is o charily11073238 1 SC0391371 and a company limited by guaranlee136667391 THE BRAINWAVE CENTRE UMITED NOTeS TO THE FINANCIAL 24 Opv•Un9 wnmitrnwKs L•Thl •nd ￿lId Wiihin one 3%075 65.525 I￿.6 45.975 .175 lh￿ one 10.425 21529 31954 i?.( 29.039 repre5eN5aH*rkn pWAetythe tharitytothe 5cherne toD&OIS 12024.. {202Q. £6.494iw¢ ptyat4¢wihexhth*•the¢rnl•fty￿r 4nd*¢ kn¢lud¢d crethii Thwe ale rKJ tr¥¢sxuonswkb In￿ree$01 other rei#ed W1￿$¢xherth￿fl￿)Sed￿C￿sQd as re￿edty IheSWols•¥here in the finanrw siaiemen Poge 157 Re9islered Ollice.. Marsh Lone, H￿ntworth Gole. Bfidgwaler, Somersel. TA6 6LQ REwfoR Brainwave is o charily11073238 1 SC0391371 and a company limited by guaranlee136667391 **Brainwave transforms the lives of children with disabilities by helping to unlock their potential and achieve greater independence** **Find out how we can help your family or someone you know by visiting our website and filling out our online family enquiry form: brainwave.org.uk/family-enquiry-form** **Or contact us on: 01278 429089 enquiries@brainwave.org.uk**