Charity registration number 1114999 Company re8lstratlon number 057419301En8land and Wales) THE BRAIN CHARITY ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
THE BRAIN CHARITY LEGAL AND ADMINisfRATIVE INFORMATION Trustees Profe550r W Chambers V Boateng I Craig Dr P Moore MRea Jsa Dr N Sllver TG Walsh M Burquest R Rahman (Appolnted 17 October 20231 (Appolnted 9 February 20241 Secretary M 8urquest Charlty number 1114999 Company numbar 05741930 Reglstered offlce Norton stet Llverpool Merseyslde L3 8LR Audltor MFtchell Chèrlesworth (Audltl Llmlted STemple Square Temple Street Llverpool L2 5RH
THE BRAIN CHARITY CONTENTS Page Tru5tees' report Independent audltor's report 6-10 ststement of flnanclal artlvltle5 li Balance sheet 12-13 Statement of cash flows 14 Notes to the flnanclal statements 15-31
THE BRAIN CHARITY TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH2024 The trustees, who are also dlrectors of the CharEty for the purpose5 of the Companles Act 2006. present their report wlth the financial statements of the Charity for the year ended 31 March 2024. The tnteeS have adopted the provislons of Accountlng and ReFMlrting by Charltle5- Statement of Recommended Practice In preparfjng the annual report and financial statements of the charlty. The financlal ststements have been prePad In accordance wlth the accountlng pollcles set out in note I to the financlal ststements and ¢omply wlth the charlty's govemlng document, the Companle5 Art 2006 and 'Accounting and Reporting by Charltles: Statement of Recommended Practlce applicable to charitles pparing their accounts in accordance wlth the Flnancial Reportlng Stsndard appllcable in the UK and Republic of Ireland IFRS 1021" leffectlve l January 20191. Objectlves and actlvltles Artlvltles The Braln Charlty offers practlcal help, emotlonal support and soclal actlvltles to anyone wlth a neurolo8lcal condltlon and to their famllyi frlends ènd carets. We offer a rèn8e of servlces Ineludlng counselllng, employment support, welfare beneffts advlce, support for carers, soclal actlvltles and a natlonal Informatlon and advlce servlce. Mlsslon. Values and Strateglc Objectlves Our Mlsslon Our mlsslon Is to enable all those affected by neurologlcal condltlons to Ilve longer, healthler, happler1Sve5. We will flght together for an Incluslve and Just soclety.. a world where stlgma, hardshlp and Isolatlon are replaced by compasslon and understandln8. Our Values Klndn•M We 8enulnely welcome everyone to our Charlty and belleve that each person has a unlque tslent and the ablllty to make the world a better place. Commltment We wlll travel slde by slde wtth everyone throughout th¢lr Journey no matter how complex, how lon8 or how difficult. We roll up our 51eeve5 whenever and wherever V need to. Avihentl¢lty We accept and understand that the broadness of our own dlverslty and personal experlence Impacts dirertly on the level of quality and passlon dellvered wlthln our service5. Cour•g• We will Challenge the ststU5 quo, welcome change and brnvely tske on any new Challenges In the splrlt of adventu. Optlmtsm We belleve that equality for people wlth neurolo8lcal condltlons is now wlthln reach and we will strfve each and every day unt51 preludlte and lack of opportunlty are rernoved from our soclety. Our Current Strnteglc Objertfves l. Deliver a range of essentlal and innowdtive servlces to meet the needs of our seNlce users. 2. Achieve excellence in the quality of our services 3. Play our part In the wlder dlsabllity equallty movement by tscklln8 dlscrlmlnatlon at a Icrtal level. 4. Be ready for growth when it happens. 5. Increase inrne in orderto reach out to m¢xe people. The trustee5 have paid due regard to guidance i55ued by the Charity Commi55i0n in deciding what actlvitles the charity should undertake.
THE BRAIN CHARITY TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and performance The Brain Charity has delivered another strong set of results in 2023124. Our income continues to increase. driven by our new and growing Neurodiversity Trainin8 offer and a strengthened Communications & Fundralslng team. We are always grateful to those who leave us glfts In thelr wllls, and thls has been a gnIficant ¢ontrlbutlon to th15 year'5 Income. We contlnue to manage our expendlture well and are very proud of the finan¢lol outturn for the year. We a pleased to be enterln8 the hext year In a strong and confident posltlon. desplte a challenglng envlronment for the Charlty sectorgenerally. The range and nature of enqulries to the charlty has become more complex and demandin8, reflectlng Increaslng hardshlp wlthln the cornmunltles we Serve ind the Increase In expendlture on frontllne servlce$15 a response to thls. The charlty Is thrllled to have opened our specla115t Neuro Gym onslte and we have already welcomed many people wlth neurologkal condltlon5 to thls free-tO-U5e faclllty. funded by Nat5onal Lorterles for 3 years, Our new CRM has enabled the 5treamllnlng of processes to progress thls yejr; Jn ongolng prlorlty whlch we wlll contlnue to expand In scope and scale In the comlng year. Our Ye•r In Plumbers rvlces Thls year The Braln Charlty has Supported 2,734 cllents wlth prdctlcal help, support and soclal activltles. DeliVed 2,672 coun5elllng 5e55lons wlth 334 cllents, 159 face to face and 175 remotely Asslsted 187 carers wlth thelr responslbllltbes through our Carer's Advocacy Servlce Provlded for Children and Young People to partlclpate In Summer Arts Se55lons1431, The Braln Changer Arts ProJect1581 and an Xmas event181 We contlnued to work wlth 8 hospitals across The Lfverpool Clty Reglon Pro"ect based dellv The Braln Charlty contlnued to support jobseekers wlth skllls and confldence for employment, Includln8 205 1-2-1 coachlng sesslons and 10 cohorts of Confldence Bulldlng Workshops 97 NeuroGym Inductlons (from launch In Oct 2023 to 31st March 20241 tsff and voluntee stsff numbers decllned s118htly from 52 to 49, reflertlng mlnor movement$ across all areas. 40% of staff are known to have a neurolo8lcal conditlon, a dIbIlitY and l or are neurodivergent stsff took part In 430 hours of tralning 80 active volunteers provided over 8,000 hour5 of volunteering tlme Our 30 ¥olunteer befrlender5 logged an addltlonal 2,500 hours of co115 Communications Our print and emall maillng lists, including our newsletterThe Nerve, now have 14.814 subscrlbers. The Brdift Charity now hos more than 30,QCK) followers on soclal media - on Facebool K Linkedln, Instagram, TikTok and YouTube. Fundrdlsln Income from individual donations, including legacies. and challenge fundraising has risen by 30% to £494,384 SFX)nsorship ha5 also rlsen by 20% to £518.623
THE BRAIN CHARITY TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Trddlng Income has risen but grants Income has de¢ased In both Projects and Core grants by a similar amount Future Development Our new CEO took up her post In August 2023, revlslng the focus for the last 6 months of th15 year. This enabled the charlty to explore Improvements In work support systems. to consider the sustalnabillty of our approaches to fLJndra151ng as well as to consolldate the Inclusive Cultu we pride ourselves on, to set the groundwork for future growth. The year ahead will see the recruitment of a new Chair to the Board of Trustees and the development of a new 5-year 5trate8y for the charlty, whlch wlll identify key prlorltles for the charlty. coming Into effect from Aprll 2025. Next year's actlvity wlll see the advancement of Al-supported wor systems. an Intranet and Phase 2 of our CRM developmen¢ whlch wlll support a focus on Quallty Stsndards to monltor and set value agalnst our work, to emphaslse our Impact. It will also maximize the expansion of the fundraisln8 functlon and see the Introduction of an onllne tralnlng platfom) to support our Income-generatlng actlvlties. Flnanclal revlew As we emerge from the global pandemlc and the financlal crlsls, the Charlty generated an overall surplu5 on the Income and expendlture account. An overall accountln8 surplus of £76,654 12023., deflclt £14,170) has been set a8alnst the reserve5. Thls comprlses an operatlng surplus of £49,95912023- £4,878) plus a 8aln on Investments of £26,69512023:1055 £19,048). It should be noted that the operatln8 surplus Includes depreclation totslling £44,186 12023: £40.1111 whlch dld not Impact the cash positlon. The performance on day to day operatlons before depreclatlon showed a surplus of £94,145 12023: £44,9891. Durlng the year the charlty acqulred computer software at a cost of £8,55012023.' £14,077) and made Improvements and purchased Item5 of equlpment at the Norton Street premlses c05tln8 £19.19512023.' £42.9711. The trustees are happy wlth thls year's flnanclal perfornmnce In the context of our long term strategv. Reserves pollry The Charlty's reserves pollcy Is desl8ned to provlde the Charlty wlth the financlal ftexlblllty to: al fund shortfa115 when In¢orr does not reach expected levels. bl fund une¥perted expendlture, for example when projects over run or unplanned events occur. cl ensure that the Charlty Is not unnecessarlly holdlng back on spendlng In favour of uslng the resources It has to meet Its charltable objectlves. Invostment pon¢y The objettive of the Charity's Investment pollcy Is to provlde adequate financial sOUrCeS to support the achievement of the charitable objectives. The trustees a willing to incur a medium level of risks with a balanced strategy and annually vISIt thelr capaclty to Incur rtsk. The trustees wlll not invest directly In tobacco or alcohol companies, Shares.
THE BRAIN CHARITY TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH2024 Strnrture• govemance and management Sub-commltte•s The board of Tru5tee5 Operates two 5ub- commlttees: Finance & Governance Committee Digitsl & Technology Governance Commlttee These sub-¢ommlttees are made up of sultably quallfled Trustees and Senl¢y Management and formally report back to the full board at each quarterly meetlng, Rlsk m•n4gement The Charlty malntalns a Rlsk Reglster to Identlfy any major Issues whlch may affect the Charity In order that Ft can assess the potentlal Impact of these should they happen, and mltlgate thls where posslble. The Rlsk Re8lster uses a 'Llkellhood' ¥ 'Level of Impact. ratln8 System to assess each percelved rlsk. Governln8 do¢ument The Charlty was Incorporated on 14 M3rch 2006 and registered as a Charlty on 30 June 2CKi6. On l Aprll 2007 all the assets and actlvltles of Mersey Neurologlcal Trusts. an assoclated charlty. were transferred to the Charfty. The Charlty Is controlled by Its governln8 document, Its Artlcles of Assoclatlon, and constltutes a prlvate company Ilmlted by guarantee. Incorporated under the Companles Act 2006 In England and Wales. In February 2020. new Artlcles of Assoclatlon were unanlmously approved by the board and flled wlth Companles House, havln8 been brou8ht up to date In accordance wlth current le8lslatlon and best practlce. The trustee5 who are also the dlrectors for the purpose of company law, and who served durln8 the year and up to the date of slgnature of the financial ststements were: Professor W Chambers J Blomley V Boateng I Cra18 Drp Moore Drj Plcton MRea J Sale Dr N Silver KESwan TG Walsh M Burquest R Rahman {Reslgned 28 March 20241 (Reslgned 25 June 20241 IResl8ned 9 Aprfl 20241 (Appointed 17 October 20231 (Appolnted 9 February 2024) None of the trustees has any beneftcial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a wlndlng up. The Board Is currently seeklng new Trustees and would posltlvely welcome applicatlons from Indlvlduals from under- represented groups and from people with neurological condition5.
THE BRAIN CHARITY TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORn ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Statement of Trustees, responsibilitlqs The trustees. who are also the directors of The Braln Charlty for the purpose of company law. are responsible for PParing the Trustees, Report and the flnanclal statements In accordance wlth applicable law and Unlted Kln8dom Accountln8 Standards (Unlted Kingdom Generally A¢¢epted A¢¢ountln8 Praclicel. Company Law quI$ the trustees to prepa financial ststements for each financial year whlch give a true and fair vlew of the stste of affalrs of the charlty and of the incoming resource5 and appllcation of resource5. Includlng the income and expendlture. of the charitsble company for that year. In preparlng these ftnanclal statements. the trustees are requlred to: - select sultable 4¢countln8 pollcles and then apply them conslstently; - obseNe the methods and prfnclples In the Charltles SORP; - make judgements and estlmates that are reasonable and prudent; state whether appllcable UK Accountlng Standards have been followed, subject to any materlal departures dlsclosed and explalned In the flnanclal ststements; and ppare the flnanclal statements on the golng concern basls unless It Is InapproprSate to presume that the charlty wlll contlnue In operatlon. The trustees are responslble for keeplng adeouate accountlng records that dlsclose wlth reasonable accuracy at any tlme the flnanclal posltlon of the charity and enable them to ensure that the flnanclal statements comply wlth the Companles Act 2006. They are 81so responslble for safe8uardln8 the assets of the charlty and hence for taklng reasonable steps for the preventlon and detectlon of fraud and other Irregularltles. Audltor In attordance wFth the company's artlcles. a resolutlon proposln8 that Mitchell Charlesworth (Audit) Llmlted be reappointed as audltor of the company wlll be put at a General Meetlng. Dls¢lo$ure of Informatlon to audltor Each of the trustees has conflrmed that the Is no Informatlon of whlch they are aware whl¢h 15 relevant to the audlt, but of whlch the audltor Is unaware. They have further conf4rmed that they have taken approprlate 5tep5 to Identlfy such relevant Infomatlon and to estsbllsh that the audltor Is aware of such Infonnatlon. TheTrustees' report was approved by the Board of Trustees. Profe550r W Chambers Trustee IS Ortober 2024
THE BRAIN CHARITY INDEPENDENT AUDrroR'S REPORT TO THE TRUSTEES OF THE BRAIN CHARITY Oplnlon We have audlted the financial statements of The Brain Charity (the 'charity'l for the year ended 31 March 2024 whlch comprise the ststement of financlal actlvitles, the balance sheet, the statement of cash flow5 ond notes to the flnanclal Statement5, Includlng slgnificant accountlng pollcies. The flnanclal reporting framework that ha5 been applied In thelr preparatlon Is appllcable law and United Kingdom A¢¢ountlng Stsndards, Includlng Flnanclal Reportlng Standard 102 The Financlol Reporting Stondord opplicoble In the UK ond Republic of Irelqnd {Unlted Klngdom Generally Accepted Accounting Practlce). In our oplnlon, the financlal statements". 8lve a tft and fair view of the stste of the charitable company's affalrs as at 31 March 2024 and of Its Incoming resources and appllcatlon of resources. forthe year then ended; have been properly prepared In accordance wlth Unlted Kingdom Generally Accepted Accountin8 Practlce: and have been prepared In accordance with the requlrements of the Companles Act 2006. Baslslor oplnlon We conducted our audlt In accordance wlth Intematlonal Standards on Audltlng IUKI (ISA5 IUKII and appllcable law. Our sponslbllltles under th05e 5tsndard5 are further de5crlbed In the Auditor'5 re5pon51blllties fvr the oudlt of the flnanclol statements sectlon of our report. We are Sndependent of the ch3rSty In accordance wlth the ethlcal requlrernents that are levant to our audit of the flnanclal.statements In the UK, In¢ludlng the FRtrs Ethlcal Stsndard, and we have ful!Illed our other ethlcal re5pon51b1l1e5 In accordance wlth these requlrements. We belleve that the audlt evldence we have obtalned Is sufpiclent and approprlate to provlde a basls for our oplnlon. Con¢luslons rel•tlng togoln8 ¢oncern In audltln8 the financlal statemeftts. we have concluded that the Trustees, use of the goln8 concern basls of accountlng In the preparatlon of the flnanclal statements15 approprlate. Based on the work have performed. we have not Identlfled any materlal uncertalntles lating to events or condltlons that, Indlvldually or mllectlvely. may cast sl8nificant doubt on the charlty's ablllty to contlnue as a golng concern for a perlod of at least twelve months from when the financlal statements a authorlsed for Issue. Our responslbllltles and the responslbllltles of the trustees wlth respect to golng concern a descrlbed In the relevant sectlons of thls report. Other InfOrmlOn The other Infomatlon comprlses the InformatSon Included In the annual report other than the flnanclal ststements and our audltor's report thereon. The trustees are responslble for the other Snfomiatlon contslned wlthin the annual report. Our opinlon on the financlal statements does not cover the other Information and we do not expre55 any form of assurance concluslon thereon. Our responslblllty Is to read the other Informatlon and, In doln8 $0. conslder whether the other Infonnatlon Is materlalty Inconslstent wlth the flnanclal statements or our knowledge obtsined In the course of the audlt, or otherwise appears to be materially misstated. If we identify such material Inconsistencies or apparent material mlsstatements, we are required to determine whether this gives rise to a materlal m155tatement In the financlal statement5 themselves. If. based on the work have performed, we conclude that the Is a materlal mlsrtatement of thls other Infomatlon. we are reqUId to pOrt that fact. We have nothlng to report in thls regard.
THE BRAIN CHARITY INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE BRAIN CHARITY Matters on whl¢h we are requlred to report by eKeptlon We have nothing to report In respect of the followlng matters In relotlon to whl¢h the Charltles (Accounts and Reports) Regulations 2008 require us to report to you If. in our opinion: the information glven In the financlal statements is Inconslstent In any material spert wlth the Trustees, report; or 5ufflclent accountlng record5 have not been kept; or the flnan¢lal statements are not in agreement with the a¢countlng ordS.. or we have not recelved all the Information and explanatlons we requlre for our audlt. Responslbllltles of trustees As explalned more fully In the ststement of Trustees, responslbllltles, the trustees. who are also the dlrectors of the charlty for the purpose of company law, are responslble for the preparatlon of the flnanclal statements and for being satlsfjed that they 8lve a true and falr vlew, and for such Internal ¢ontrol as the trustees detennlne Is necessary to enable the preparatlon of finonclol 5tatement5 that are free from materlal m155tatemenL whether due to fraud or error. In preparlng the flnanclal statements, the trustees are responslble for assessln8 the charlty's ablllty to contlnue a5 a golng concern, dlsc1051n& a5 applicable, matters related to golng concern and u51ng the golng concem basls of accountlng unles5 the trustees elther Intend to Ilquldate the charltable company or to cease opeTrtlons, or have no reallstlc alternatlve but to do so. Audltor'$ re$pon$lbllltles for the iudlt ol the flnantl•l st•tements We have been appolnted as audltor. under sectlon 144 of the Charltles Act 2011 and report In accordance with the Act and relevant re8ulatlons made or havlng effect thereunder. Our oblectlves are to obtaln reasonable assurance about whether the flnanclal ststements a$ a whole are free from materlal mlsststement, whether due to fraud or error, and to Issue an audltor's report that Includes our oplnlon. Reasonable assurnnce Is a hlgh level of assurance but Is not a guarantee that an audlt Conducted in accordance wlth ISA5 IUKI wlll always detect materlal mlsstatement when It exlsts. Mlsstatemerbts can arlse from fraud or error and are consldered materlal If, Indlvidually or In the agggate, they could reasonably be expected to influence the economlc declslons of u$er5 taken on the basls of these financlal ststernents. IrgularItIeS, Includlng fraud, a Instances of non-wmplSance wlth laws and re8ulatlons. We deslgn procedures In Ilne wlth our resnsIbIlitIeS, Outllned above, to detert materlal mlsstatements In Spect of [rgUlarItIes, Includlng fraud. The extent to which our procedures are capable of detectlng Irregularltles, Includlng fraud, Is detslled below.
THE BRAIN CHARITY INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE BRAIN CHARITY Extent to whlch the audlt was consIde rapable of detecllng Irregularltle5. In¢ludlng fraud We Identlfy and a55es5 the risks of materlal misstatement of the financial statements, whether due to fraud or error. and then deslgn and perform audit procedures responsive to those risks, includin8 obtainin8 audlt evldence that Is sufflclent ènd approprlate to provide ? basis for our oplnlon. Identlfylng and assesslng potentlal rlsks related to Irre8ularltles In Identlfylng and assesslng rlsks of materlal mlsstatement In respect of Irregularltles, Includlng fraud and non-compllance wlth laws and gUlatIonS, we considered the following: the nature of the Industry and sertor. Control envlronment and bulness performance; the charlty'5 own a55e55ment of the rlsks that Irregular5tles may occur elther as a result of fraud or error. the results of our enqulrles of management and Members of the Board of Trustees of thelr own Ident5fl¢atlon and assessment of the rlsk5 of Irregularltles,, ny matters we Identlfled havlng obtslned and revlewed the charlty's documentatlon of thelr pollcles and procedures relatlng to: Identlfylng, evoluatln8 and r.omplyln8 wbth law5 and re8ulatlon5 and whether they were aware of any .Instance5 non-compliance: detectlng and re5pondln8 to the rlsks of fraud and whether they have knowledge of any artual. suspected or alleged fraud: and the Internal controls establlshed tc mlt*te rlsks of fraud or non<ompllance wlth laws and re8ulatlons; and the matters dlscus5ed amon8 the audlt engagement team regardlng how and where frdud ml8ht occur In the financlal Statements and any potentlal Indlcators of fraud. As a result of these procedures, we consldered the opportunltles and Incentlves that may exlst withln the or8anlgtlon for fraud and Identlfled the greatest potentlal for fraud In the followlng areas: 111 The PsentIOn of the charlty's Statement of Flnanclal Actlvltles,1111 the charlty's accountlng pollcy for revenue recogn6tlon 11111 the overststement of salary and other costs. In common wlth all audlts under ISAS IUKI, we are also qUIred to perform speclflc procedures to respond to the risk of mana8ement overrlde. We also obtsined an understandlng of the legal and regulatory framework that the charlty operates In, focuslng on provlslons of those laws and regulations that had a dlrect effect on the determination of material amounts and dlstlosures in the finantlal ststements. The key laws and su18t10nS we consIded In this context Included the UK Companles Act and the Ststement of Recommended Practlce -'Accounting and Reportlns by Charlties, Issued by the lolnt SORP maklng body . In addltlon, we consldered provlslons of other laws and gUlatIonS that do not have a dlrett effect on the financlal ststements but compliance with which may be fundamental to the charity's ability to operate or to avold a material penalty,
THE BRAIN CHARITY INDEPENDENT AUDITOR'S REPORT (CONTINUEDI TO THE TRUSTEES OF THE BRAIN CHARITY Audlt re5P0115e to rlsks Identlfled As a result of performing the above, we Identified the presentation of the charity's Statement of Flnanclal Actlvities. revenue reco8nltlon and overstatement of wa8es and other costs as the key audlt matters related to the pt)tsntial risk of fraud. The key audlt matters sectlon of our report explalns the matters In more detsll and also descrlbes the speclflc procedures we performed In response to those key audlt matters. In additlon to the above, our procedures to respond to risks identifled included the followlng.. revlewlng the ftnanclal statement dlsclosures and testlng to 5UPPOrtlng documentstlon to assess compllance wlth relevant laws and re8ulatlons described aithe as havlng a dlrect effect on the financlal statements.. • enqulrlng of management and members of the Board of Trustees concernln8 artual and potentlal Iltlgatlon and ¢lalms; perfomiln8 analytlcal procedures to Identlfy any unusual or unexperted latIonShIpS that may Sndlcate rlsks of materlal mlsstatement due to fr•ud; readlng mlnutes of meetln8s of those charged wtth governance and vIeWIng correspondence wlth relevant authorltles where matters Identifted were slgnlflcant; In addres51ng the rlsk of fraud through management overrlde of Controls, tsstlng the approprlatene55 of Journal entrles and other adjustments: assesslng whether the judgements made in maklng accounting estlmates are Indicatlve of a potentlal blas; and evaluatlng the buslness ratlonale of any s18nlftcant transactlons that are unusual or outslde the normal coursè of buslnes5. We also communlcated relevant Identlfled lavts and re8ulatlons and potsntlal fraud rlsks to all en8a8ement team members and MaIned alert to any Indlcatlons of fraud or non-compllance wlth laws and re8ulatlons throughout the audlt, A further descrlptlon of our responslbllFtles Is avallable on the Flnanclal Reportln8 Councll's vb5[te at: https:/l wv4w.frc.org.uk/audltorsresponslbllltles. Thls descrlptlon fomis part of our audltor's report. Use of our rep¢)rt Th15 report is made solely to the charlty's trustees, as a body, In accordance wlth part 4 of the Charltle5 (Accounts and Reports) Re8ulatlons 2008. Our audlt work has been undertaken so that we might state to the charlty's trustees those matters we are quId to stste to them In an audltor's report and for no other purpose. To the fullest extent permltted by law, we do not accept or assume responslbllity to anyone other than the charlty and the charlty's trustees as a body. for our audlt worl for thls report, or for the oplnlons we have formed.
THE BRAIN CHARITY INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEE5 OF THE BRAIN CHARITY Louise Casey (Senlor Statutory Audltor) for ?nd on beh41f of Mltchell Charle5WOrth (Audltl Umlted 15 October 2024 Actintants statutory Audltor S Temple Square Temple stet Llverpool L2 SRH Mltchell Charlesworth IAudltl Llmlted Is ellglble for appolntment as audltor of the charlty by vlrtue of Its ellglblllty for appolntment a5 audltor of a company under sectlon 1212 of the Companles Act 2O)6. 10-
THE BRAIN CHARITY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrirted funds 2024 Restricted funds 20Z4 Totsl Unrestricted eunds 2023 Restrlcted funds 2023 Totol 1024 2023 Not•$ Incomefrom: Donatlons and legacles Charitsble actlvltles Other tradlng actlvltles Investments 494,834 569,260 195.162 84,618 494,834 1,066,199 195,162 84,618 328,652 $03,233 90,981 90,721 22.570 596,520 351.222 1,099,753 90,981 90,721 496,939 Totsl In¢om• 1,343,874 496,939 1,840,813 1,013,587 619,090 1.632.677 Expendlture on: Ralslng funds Charltable actlvltles 281,213 1.092,952 6,050 410,639 287.263 1,503,591 193,337 882,721 193.337 1,434.462 551,741 T4)tsl expendlture 1,374,165 416,689 1,790,854 1,076,058 551,741 1,627,799 Net galnsl{lossesl on Investments 13 26,695 26,695 119,048) 119,048} Net Incomel(ewendlture) 13,596} 80,250 76,654 181.5191 67.349 114,1701 Trnn5fers between funds 76,272 {76,272} 24,837 124,8371 Net mo¥ement In fvnd$ io 72,676 3.978 76.654 156,6821 42,512 {14,170) Reconclllatlon of funds: Fund balances at l Aprll 2023 949,764 42,512 992,276 1,006,446 l,L,446 Fund balances It 31 M•r¢h 2024 1,022,440 46,490 1,068,930 949,764 42,512 992,276 The ststent of financlal act5vltles Include5 all galns and1055es recogn15ed In the year. All income and expenditu derlve from contlnulng activltles. 11
THE BRAIN CHARITY BALANCE SHEET AS AT32 MARCH2024 2024 2023 Notes Flxed assets Intangible assets Tanglble assets Investments 15 16 17 15,287 650.954 339,343 11,262 672.700 305.248 1,005.584 989.210 Current assets Debtors Cash at bank and In hand 18 90,718 254,238 176.337 218,989 344.956 {281,6101 395,326 1392,2601 Cr•dftors: •mount$ falllng due wlthln one •r 19 Net current a55ets 63,346 3.066 Totsl asset$ le ¢urrent Ilabllltlei 1,068,930 992,276 N•t •Sg•ts excludlng p•nsl¢n Iliblllty 1,068,930 992.276 The funds of the charlty Restrlcted Income funds General unrestrl¢ted funds Deslgnated funds Totsl unrestrlcted funds 46,490 42,512 292.440 730,000 319.764 630,000 1,022,440 949,764 1,068,930 992,276 The company Is entltled to the exemptlon from the audlt quIrnent contalned In sertlon 477 of the Companle5 Act 2006, for the year ended 31 March 2024, although an audlt has been carried out under sectlon 144 of the Charfties Act 2011. The dlrectors acknowledge thelr responslbllltles for complylng wlth the requlrements of the Companles Act 2CW)6 wlth respect to accounting records and the pParatIon of financlal Statements. These financial ststement5 have been prepared in accordan with the provisions applicable to compan*s subject to the small companies re8ime. 12-
THE BRAIN CHARITY BALANCE SHEET (CONTINUED) ASAT31 MARCH2024 The financial statements We approved by the truSe$ on 15 October 2024 Professor W Chambers Trustee Company reglstratlon number 05741930 (England and Wales) 13-
THE BRAIN CHARITY srATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows frorn operatlng artlvities Cash absorbed by operations 26 {142241 129,0091 Investlng actlvltle5 Purchase of Intsnglble assets pUhaSe of tangible flxed assets Purchase of Investments PrOed$ from dlsposal of Invpstments ln$trnent Income recelved 18,5501 119,1951 164,2271 56,827 84,618 {14,077) {42.971} (91,056} 48,314 90,721 Net cash 8in•rnt•d froml(ug•d In) Inv•stln8 actlvltles 49,473 {9,069) Net cash used In flnancln8 4Ctlvltles Net In¢r••sellde¢rnasg) In 5h and c•sh oqulval•nts 35,249 138.0781 Cash and cash equlvalents at be8lnnln8 of year 218,989 257,067 Cash and c•sh equlvalents 4t end of ye•r 254,238 218.989 14-
THE BRAIN CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policles Charlty Informatlon The Braln Charity Is a prlvate tompany limlted by guarantee Incorporated In En8land and Wales. The registered offke Is Norton Street, Llverpool, Merseyside, L3 8LR. 1.1 Accountlng conventlon The flnanclal statement5 have been prepared In accordance wlth the charlty's governlng document, the Companies Art 2006, FRS 102 "The Flnanclal Reportlng Standard appllcable In the UK and Republi¢ of Ireland" I"FRS 102.1 and the Charltles SORP "Accountlng and Reportln8 by Charltles: Statement of Recommended Practlce appllcable to Charitles preparlng thelr accounts In accordance wlth the Flnanclal Reportlng Stsndard appll¢able In the UK and Republlc of Ireland {FRS 1021" leffertlve l January 2019). The charlty Is a Publlc Benefit Entity as defined by FR5 102. The financlal statements are prepared In 5terlln& whlch Is the functlonal currency of the charlty. Monetary amounts In these ftnanclal 5tatement5 are rounded to the nearest £. The flnanclal statements have been prepared under the hlstorlcal cost convtntlon. The prlnclpal accountln8 polleles adopted are set out below. 1.2 Goln8 concern At the tlme of approvlng the flnanclal ststements, the trustees have a reasonable expectatlon that the charitsble company has adequate resources to contlnue In operètlonal exlsten¢e for the foreseeable fLrture. Thus the trustee5 contlnue to adopt the golng concern basls of accountlng In preparlng the flnanclal statements. 1.3 Charftsbl• funds Unrestrlcted funds can be used In accordance wlth the Charlty's obJectlves at the dlscretlon of the Trustees. Restrlcted funds are sublert to speclfl¢ condltlons by funders as to how they may be used. Restrlcted funds Can only be Used for partlcular restrlrted purposes wlthln the objectlves of the Charlty. Further explanatlons of the nature and purp¢)se of each fund Is Included In the notes to the flnanclal statements. Endowment funds are 5ubJett to speclflc condltlons by donors that the capltal must be malntslned by the charlty. 1.4 Income Income Is recognlsed when the charlty Is le8ally entltled to tt after any performance condltlons have been met. the amounts can be measured rellablyl and Itls probable that Incom¢ wlll be re¢elved. Cash donatlons are recoEnlsed on recelpt. Other donatlons are retO8nlsed once the charity has been notlfied of the donatlon, unless performance conditions require deferral of the amount. Income tax recoverable In relatlon to donations received under Gift Aid or deeds of covenant Is COgnISed at the tlme of the donatlon. Legacies are fecognised on receipt or otherwise if the charity ha5 been notlfled of an impending distribution. the amount 15 known, and receipt 15 expected. If the amount 15 not known, the legacy is treated as a contingent asset. Where there are terms or conditions attached to incoming resource5. particularly grants. then these terms or conditlon5 must bE met before the income Is recognised as the entitlement condltlon5 will not be satlsfled until that point. Where temis or conditions have not been met or urbcertainty e¥i5ts a5 to whether they can be met then the relevant Income15 not retognised in the year but deferred and shown on the balance sheet as deferred Income. 15-
THE BRAIN CHARITY NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlw poll¢lÈs (Continued) 1.5 Éxpendlture Expenditure Is recognlsed once there Is a legal or constructlve obllgatlon to transfer economlc beneflt to a thlrd party, It Is probable that a transfer of economlc benefits wlll be QUId In settlement, and the amount of the obllgation can be measud lIably. Expendltvre Is cla$51fled by artlvlty. The costs of each actlvlty are made up of the total of dlrect costs and shared c05tS. Includln8 5UPPOrt C05t5 Involved In undertaklng each actlvlty. Dlrect COSt5 attrlbutable to a sln8le a¢tivlty are allocated d1CtlY to that actlvlty. Shared costs whl¢h contribute to more than one activity and support costs whlch are not attrlbutable to a slngle actlvlty are apportloned between those actlvltles on a basls conslstent wlth the use of resources. Central staff costs are allocated on the basls of tlme spent, and depreciatlon charges are allocated on the portlon of the asset's use. Llabllltles are reco8nlsed as expendlture as soon as there Is a legal or constructlve obllgation commlttlng the charlty to that expendlture, It Is probable that a transfer of economlc benefits VAII be requlred In settlement and the amount of the obligatlon can be MeasUd liably. Expendlture Is accounted for on an accruals basls and has been classlfied under headln8S that aglgate all cost related to the cate80ry. whe costs Cannot be directly attrlbuted to partlcular headlngs they have been Included In sUPPOrt cost5 and allocated to activltles on a basls con51stent wlth the use of resources. 1.6 Intsnglble fixed ossets other than 8oodwlll Intanglble a55et5 acqulred separately from a buslness are recognlsed at cost and are subsequently measured at cost less accumulated amortlsatlon and accumulated Impalrrrvant losses. Software 20% on ¢0st 1.7 T•nglble fixed assets Tanglble fixed assets are Inltlally measured at cost and subsequently measured at cost or valuatlon, net of depreclatlon and any Impalrment Ios5e5, Depreclatlon Is recognlsed so as to wrlte off the cost or valuatlon of assets less thelr resldual values over thelr useful lives on the followlng bases: Freehold land and bulldlngs Leasehold land and bulldlngs Plant and equlpment Fixtures and fittln8S Computers Mechanlcal and elertrtcal Installatlon In accordance wlth the property IO% on cost 10% - 33% on cost IO% on cost 33% on cost 5% on Cost The galn or loss arlslng on the dlsposal of an asset Is determlned as the d]fference between the sale proceeds and the carrying value of the asseL andls recognlsed In the ststement of financlal actlvitles. Long leasehold proFerty depCIatIOn Is kept under vIeW and includes long leasehold land whlch Is not depretiated as It Is deemed to have an Inflnlte useful economlc Ilfe, All classes of tsngible fixed assets are Included at cost and are revlewed annually for evidence of impairment when there Is an Indlcatlon that the value of the asset may have fallen below Its recoverable amount by ¥ of physlcal deterioration, obsolescence or other change. Where this is the case the value of the asset is wrltten down to Its recoverable amount. The recoverable amount of an asset is measured by reference to its net realisable value. There Is no de-mlnlmls Ilmlt above whlch tsnglble flxed assets are capitsllsed. 16-
THE BRAIN CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles (Continued) 1.8 Flxed asset Investments Fixed asset Investments are Inltlally measured at transactlon prlce excludlng transactlon costs, and are subsequently measured at falr value at each reportlng date. Change5 In falr value a recogn15ed In net Income/{expendlturel for the year. Transactlon costs are expensed a5 Incurred. 1.9 Impalrment of Ilxed issets At each reportlng end date, the charlty revSews the carylng amounts of Its tsnglble and intanglble a5set5 to detenIne whether there is any Indlcatlon that those assets have suffered an Impalrment 1055. If any such Indlcatlon exists. the coverdble amount of the asset Is estlmated In orderto determlne the extent of the Impalrment loss Ilf any). 1.10 Cash and cash equlvalents Cash and cash equlvalents Include cash In hand, deposlts held at call wlth banks, other short-term Ilquld Investments wlth orlglnal maturltles of three months or less, and bank overdrafts. Bank overdrafts are shown wlthln l)orrowlngs In current Ilabllltles. 1.11 Flnin¢lal InJtrumentJ The charlty has elected io apply the provlslons of Sectlon 11 'Baslc Flnanclal Instruments, and Sertlon 12 '0ther Flnanckl Instruments Issues, of FRS 102 to all of its financlal Instruments, Flnanclal Instruments are recognlsed In the charlws balance sheet en the charlty become5 party to the contractual provlslons of the Instrument. Flnanclal assets and Ilabllltles are offset, wlth the net amounts presented In the flnanclal statements, when there 15 tegally enforceable rlght to set off the reco8nlsed amounts and there Is an Intentlon to settle on a net basls or to alIse the asset and settle the Ilabllity slmultaneously. •efvOnda1e$$ets Baslc flnanclal assets, whlch Include debtors and cash and bank balances, a Inltlally measured at trdnsactlon prlce Includln8 transactlon costs and are subsequently carrled at amortlsed cost usln8 the effectlve Interest method unless the arrangement ¢onstltutes a flnallclng trans•rtlon, where the tran5actlon 15 measured at the present value of the futu ceIptS discounted at a morket rate of Inte$t. Flnanclal a55et5 cla55ffied a5 recelvable wlthin one year are not amortlsed. Basleflnanclol Ilabllitles Baslc financial Ilablllties, Includin8 CdItorS and bank loans are Initlally recognlsed at transactlon prlce unless the arrangement constitutes a flnan¢in8 transactlon, where the debt instrument Is measured at the present value of the future payments dlscounted at a market rate of Interest. Flnanclal Ilabllltles classlfled as payable wlthln one year are not amortised. Debt Instruments are subsequently carrled at amortlsed cost, uslng the effectlve Inte$t rate method. Trdde creditors are obligations to pay for goods or services that have been acqUId In the ordlnary course of operatlons from suppliers. Amounts payable are classified a5 current liabiltties if payment 15 due wlthln one year or less. If not. they are presented a5 non-turrent liabilities. Trade credStors are recognised Inltially at transactlon prlce and subsequently measured at arnorti5ed c05t Using the effectlve Interest method. Derecognltlon ofAlnonclal Ilabllltles Financial liabilities are deretognised when the charivs ¢ontra¢tual obligations expire or are discharged or cancelled. 17-
THE BRAIN CHARITY NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ounting poll¢ies {Continued} 1.12 Taxatlon The Charltyls exempt from corporatlon tax on Its charftsble attlvltles. 1.13 Employee benefits The c05t of any unused hollday entltlement 15 COgnISed In the perlod In whlch the employee's seNSces are received. Termlnatlon beneflt5 are recognlsed Immediately as an expense when the charity Is demonstrably commltted to tennlnate the employment of an employee or to provlde termlnatlon beneflt5, 1.14 Retlrement beneflts Payments to defined contrlbutlon retlrement benefit schemes arè char8ed as an expense a5 they fall due. 1.15 Irrg¢owr•bl• volugd add8d tsx Any dlsallowed Input tax Incurred elther fomis part of the correspondlng expended resource recognlsed wlthln the ststement of Flnanclal A¢tlvltles or Whe approprlate Is capitsllsed on the Balance Sheet a5 part of the cost of a flxed asset. Crftkal accountlng estlmates and Judgements In the appllcatlon of the charlty's accountln8 pollcles, the trustees are requlred to make Judgements, estlmates and assumptlons about the carryln8 amount ol assets and Ilabilltles that are not adIlY apparent from other sources. The estlmates and assoclated assumptlons are based on hlstorlcal eXperIen and other factors that are consldered to be relevant. Actual results may dlffer from these estlmates. The e5tlrnate5 and underlylng a55umptlons are revlewed on an ongolng ba515. Revlslons to accountlng estlmates are reco8nlsed In the perlod In whlch the estlmate Is revSsed where the revlslon affects only that perlod, or In the Ferlod of the revislon and future perlod5 where the revlslon affects both current and future perlods. Donatlons •nd lei•¢les Unrestrktd Unrestrlcted funds funds Restrl¢ted fund5 Total 2023 2023 2023 Donations and legacles 494,834 328.652 22,570 351,222 18-
THE BRAIN CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Incorne from ¢hirltable actlvltles Other proJKts Corporate sponsorship 2024 Total Other projects Corporate sponsorship zoi3 Total 2024 2024 2023 2023 Charftsble artlvltles Grants 237,089 310,487 518,623 755,712 310,487 340,400 328,103 431.2SO 771,650 328,103 547,576 518,623 1,066,199 668,503 431,250 1,099,753 Analysls by lund Unrestrkted funds Restrlcted funds 50,637 496,939 518,623 569,260 496,939 71.983 596,520 431,250 503,233 596,520 547,576 518,623 1,066.199 668,503 431,250 1,099.753 Income fiom other tradlng artlvkles Unrestrlrted Unrestrlcted funds funds 2024 2023 Fundra151ng events Tradlng actl¥lty Income: other 14.362 180.800 27,770 63,211 Other tradln8 activltles 195,162 90.981 19-
THE BRAIN CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from investments Unrestrlcted Unr95trlrted fvnds fund5 2024 2023 Rental Income Income from unlisted Investments Interest recelvable 70,808 10,380 3,430 80,799 9,706 216 84,618 90,721 ExperKllture on ralslng lunds Unrestrlrted funds 2024 Restrlct•d funds 2024 Total Unrestrl¢ted funds 2023 Re5trlrted f%inds 2023 2024 2023 Fundrolsln8 ond publl¢lty Sta8ln8 fundralsln8 events Other fundralslng costs 18,817 6,171 18,817 6,171 15,998 1.980 15,998 1,980 24,988 24,988 17.978 17.978 Tradln8 costs Other tradlng actlvltles Stsff costs 63,278 191,037 6,050 69,328 191,037 33,061 140,046 33,061 140,046 254,315 6,050 260,365 173,107 173,107 Investment mana8ement 1,910 1,910 2,252 2,252 Totsl costs 281,213 6,050 287.263 193.337 193.337 -20-
THE BRAIN CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charltsble artlvltles Other projectsother proJertS 2024 2023 Stsff costs Charitable expendlture Publlc relatlon5 786.132 90,952 12,890 789.897 66,586 10.207 889,974 866.690 Share of 5UPPOrt COSts15ee note 91 sha of governance costs (see note 91 590,072 23,545 551,368 16,404 1,503.591 1,434,462 Analy$l$ by fund Unrestrlcted funds Restrlrted funds 1.092,952 410,639 882,721 551.741 1,503.591 1,434,462 Support Costs •llouted to artlvltles 2024 2023 stsff costs Depreclatlon Bank Charges Sundrles Recrultment costs Premlses & other overheads Offke costs Publlc relatlons Postage and stationery Irrecoverable Vat Lo55 on disP05al of fi'xed assets Governartce costs 331,652 44,186 266 68.151 2,493 80,623 7.900 11,123 26,364 16.034 1,280 23.545 306,649 40,111 268 64,388 4,332 73,298 5,994 5,635 36,678 14.015 16.404 613.617 567.772 Analysed between: Support costs 613,617 567,772 -21
THE BRAIN CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EIVDED 31 MARCH 2024 10 Net movement In funds 2024 2023 The net movement In funds is stated after chargin81{credltlngl: Fees Fmyable forthe audit of the charity's financlal statements Depreciatlon of owned tsngible flxed assets Amortlsatlon of Intanglble a55ets 7.100 39,661 4,S25 6.750 37.296 2.815 11 Trustees None of the trustees recelved any remuneratlon or ¢xher beneffts for the year ended 31 March 2024 or for the year ended 31 March 2023. One Trustee was 1Mbr$ed £73 for trnvel expenses In the year ended 31 March 202412023: £NIII. 12 Employees The average monthly number of employees durln8 the year was: 2024 Number 2D23 Number Management Admlnlstratlon, flnance, IT & HR Carers, advocacy Fundralslng Informatlon and advlce Communlcatlons Cafe and room hlre Employment, counselllng and welfare Youn8 persons, projects Tralnln8 io io Totsl 38 38 Employment costs Z024 2023 Wagés and salarles Social Security C05t5 Other pen5i0n cost5 1,119,801 93,588 95.432 1,066,344 86.082 84.166 1.308.821 1.236.592
THE BRAIN CHARITY NOTES TO THE FINANaAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Employees {Contlnued} The number of employees whose annual remuneratlon wa5 more than £60.IJ)0 15 as follows,. 2024 Number 2023 NuMr £60,001 to £70,000 Remuneratlon af key mana8ement personnel The remunerdtlon of key management personnel was as follows: 2024 2023 gre£ate compensatlon 68,528 79,956 The key management personnel of the charlty Is considered to comprlse of the Chlef Executlve only. Nanette Mellor. the Chlef Executlve Offlcer, left the charlty In May 2023 and was replaced In August by Plppa Sargent. Nelther employee's mUneratIon exceeded £60,000 In the current year. The a88&ate compensatlon for both employees Is shown above. -23-
THE BRAIN CHARITY NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Net 88ins/llosses) on investments Unrestrlrted Unre5trlcted funds funds 2024 2023 Revaluatlon of Investments Galnlllossl on sale of Investments 26.084 611 121.0631 2,015 26,695 119,0481 Tax8tlon The charlty15 exempt from tax on Incorrva and galns falllng w5thln sertlon 505 of the Taxes Act 1988 or sectlon 252 of the Taxatlon of Chargeable Galns Act 1992 to the extent that these are applled to Its charltable objects. 15 Intsnglble flxed •sset5 softle Cost At l Aprll 2023 Addltlons 14,077 8.5SO At 31 March 2024 22.627 Arnort15atlon and Impalrment At l Aprll 2023 Amortlsatlon char8ed for the year 2,815 4,525 At 31 March 2024 Carrylng amount At 31 March 2024 15.287 At 31 March 2023 11,262 -24-
) ai
THE BRAIN CHARITY NOTES TO THE FINANaAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 T•ngible fixed assets (Contlnued) Land held under lon8 leasehold with an origlnal cost of £SO.OIXJ12023- £50.11001 Is not depreclated. The freehold property was revalued at 19 September 2018 by Kepple Massle Ltd, Independent valuers not connected with the charlty on the basls of market value. The valuation Conforms to InternatSonal Valuatlon Standards and wa5 based on recent market transactions on arm's lenglh term5 for similar properties, The property was valued at £480,000 and thls Is deemed to be the value of the property at 31 March 2024 other than the subsequent property Improvements Included wlthln addltlons. 17 Flx•d asset Invgstm•nts Usted Inve5trnents Cost or voluatlon At l Aprll 2023 Addltlons Valuatlon changes Dlsposals 305,248 64,227 26.083 I,215) At 31 March 2024 339,343 Carryln8amount At 31 March 2024 339,343 At31 March 2023 305.248 Debtors 2023 Amounts fallln8 due wlthln One year: Trade debtors Other debtors Prepayments and accrued Income 79.2CKI 2.360 9,158 104,008 679 71.650 90.718 176,337 -26-
THE BRAIN CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Credltors: amounts falllng due wlthin one year 2024 2023 Notes Other taxation and soclal security Deferred Income Trade creditors Other Credltors Accruals 53,142 139.232 19,474 14,532 5S,230 75,887 268,850 18,957 14.243 14,323 20 281.610 392,260 Deferred Income 2024 2023 Other defed Income 139,232 268,850 Deferred Income Is Included In the financlal statements as follows: 2024 2023 Deferred Income Is Inclsjded wlthln: Current Ilabllltles 139.232 268,850 Movements In the year: Deferd Income at l Apdl 2023 Released from prevlou5 perlods Resources deferred In the year 268,850 1251.5881 121,970 257,383 {253.552} 265,019 Deferred Income at 31 March 2024 139,232 268,850 21 Retlr•ment benefit sfhemes 2024 2023 Dellned contrfbutlon schemes Charge to profit or loss In respect of defined contribution schemes 95,432 84.166 The charlty operates a deflned contributlon pensk)n Sche for all quallfylng employees. The asset5 of the scheme are held separdtely from those of the charity in an independently administered fund. -27-
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THE BRAIN CHARITY NOTES TO THE FINANaAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlcted funds The unrestrlcted funds of the charlty comprlse the unexFonded balances of donations and grants whlch are not subJect to specific conditlons by donors and grantor5 a5 to how they may be used. ThE5e include designated funds which have been set a51de out of unrestrlcted funds bythe trustee5 for speclflc purp05es. At l Aprll 2023 Incomlng resour¢es Tr•nslersGaln5 and losses At 31 March 1024 expended Norton stet Centre Buildlng Improvements and malntenance General funds 530,000 530,0(10 loo,000 319,764 loo.000 123,7281 200,000 292,440 1,343.874 (1,374.1651 26,695 949,764 1,343,874 11,374,16SI 76,272 26,695 1,022,440 Prevlous year. At l Aprll 2022 Incomlng resources Resources expended Tr•nsf•rsG•ln$ and losses At 31 MaKh 2023 Norton Street Cent Bulldlng Improvements and malntenance General funds 530,000 530,000 loo,000 376,446 loo,000 319,764 1,013.587 11.076.058) 24,837 119,0481 1,006,446 1.013.587 11.076.058) 24,837 119,0481 949,764 Norton Street Centre Thls is the unrestrlcted net book value ot the freehold property and lon8 leasehold land. Bulldlng Improvement and malntenance The Board have undertaken a revlew of the Norton Street premises. whlch Is over 25 years old and have Identlfied and scheduled potential repair work5 which will be requlred to the building over the next ten year5. The Trustees have agreed to designate a propurtlon of unre5trlcted Sncome each year to provlde for those futu works. The Board belleve5 £200.000 wlll cover the c05ts of these repairs. -29-
THE BRAIN CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Analysis of net assets between funds Unrestrlcted fund5 2024 Restrfcted funds 20Z4 Totsl 2024 At 31 March 2024: Intanglble fixed assets Tanglble assets Investments Cuffent a55ets/lllabllltles) 15,287 604,464 339,343 63.346 15.287 650.954 339,343 63,346 46.490 1,022,440 46,490 1,068,930 Unrertrl¢t•d fvnd$ 2023 Restrlcted funds 2023 Total 2023 At 31 March 2023: Intanglble flxed assets Tangible assets Investments Current assets/lllabllltSesl 11,262 630.188 305,248 3,066 11,262 672,700 305.248 3.066 42.S12 949,764 42,512 992,276 25 An•lysl$ of chan8e5 In net funds The charlty had no materlal debt durlng the year.
THE BRAIN CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 26 Cash generated from operatlons 2024 2023 Surpluslldeftcltl for the year 76.654 114,170} Adjustments for: Investment Income recognised In statement of financial activltles Loss on dlsposal of tan8lble flxed assets Galn on disposal of Investments Falrvalue 8alns and losses on Invertments Depreciation and Impalrment of tanglble flxed assets 184,6181 1,280 16111 126,0841 44,186 190.7211 12.0151 21,063 40,111 Movements In worklng capltal.. Decrease/llncreasel In debtors Increase In credltors IDecreasel/ln¢rea$e In deferred Income 85,619 18,968 1129,618) {20.4881 25,744 11,467 Cash absorbed by operatlons 114,224} 129,009} 31