2020-07-31-accounts - Brainwave Independence Group

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Page
Report ofthe Trustees	1	to	2
Statement ofFinancial Activities
Balance Sheet	4	to	5
Notes to the Financial Statements	6	to	10
Detailed Statement ofFinancial Activities	11	to	12

	FOR THE	YEAR ENDED 31JULY	2020
			31.7.20	31.7.19
			Unrestricted	Total
			fund	funds
		Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies			26,308	26,312
Charitable activities
COVID-19 East Suffolk Council Grant			10,000
Other trading activities			57,790	44,205
Total			94,098	70,517
EXPENDITURE ON
Raising funds			80,159	38,032
Other			1,375
Total			81,534	38,032
NET INCOME			12,564	32,485
RECONCILIATION	OF FUNDS
Total funds brought	forward		158,779	126,294
TOTAL FUNDS CARRIED FORWARD			171,343	158,779

	BALANCE SHEET 31JULY 2020
		31.7.20	31.7.19
		Unrestricted	Total
		fund	funds
	Notes
FIXEDASSETS
Tangible assets		67,504
CURRENT ASSETS
Debtors		27,575
Cash at bank and in hand		86,454	170,665
		114,029	170,665
CREDITORS
Amounts falling due within one year		(4,404)	(1,100)
NET CURRENT ASSETS		109,625	169,565
TOTAL ASSETSLESSCURRENT
LIABILITIES		177,129	169,565
CREDITORS
Amounts falling due after more than one year	10	(5,786)	(10,786)
NET ASSETS		171,343	158,779
FUNDS	12
Unrestricted funds		171,343	158,779
TOTAL FUNDS		171,343	158,779

COMPARATIVES FORTHE STATEMENT OF FINANCIAL AC	TIVITIES
	Unrestricted
	fund
INCOME AND ENDOWMENTS FROM
Donations and legacies	26,312
Other trading activities	44,205
Total	70,517
EXPENDITURE ON
Raising funds	38,032

6.	COMPARATIVES	FOR THE STATEMENT OF FINANCIAL ACTIVITIE	S -continued
				Unrestricted
				fund
	NET INCOME			32,485
	RECONCILIATION	OF FUNDS
	Total funds brought	forward		126,294
	TOTAL FUNDS CARRIED FORWARD			158,779
7.	TANGIBLE FIXED	ASSETS
		Freehold	Plant and
		property	machinery	Totals
	COST
	Additions	66,111	1,393	67,504
	NET BOOK VALUE
	At 31 July 2020	66,111	1,393	67,504
	At 31 July 2019
S.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
			31.7.20	31.7.19
	Other debtors		21,048
	P repayments		6,527
			27,575
9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			31.7.20	31.7.19
	Trade creditors		1,001
	Social security and other taxes		2,134	500
	Other creditors		69
	Accrued expenses		1,200	600
			4,404	1,100

10.	CREDITOR	S: AMOUNTS	FAL	LING DUE AFTER MORE	THAN ONE YE	AR
						31.7.20	31.7.19
	Other loans (see note 11)					5,786	10,786
11.	LOANS
	An analysis ofthe maturity ofloans is given below:
						31.7.20	31.7.19
	Amounts falling due between		two	and five years:
	Other loans -	2-5 years				5,786	10,786
12.	MOVEMENT IN FUNDS
						Net
						movement	At
					At 1.8.19	in funds	31.7.20
	Unrestricted	funds
	General fund				158,779	12,564	171,343
	TOTAL FUNDS				158,779	12,564	171,343
	Net movement	in funds, included		in the above are as follows:
					Incoming	Resources	Movement
					resources	expended	in funds
	Unrestricted	funds
	General fund				94,098	(81,534)	12,564
	TOTAL FUNDS				94,098	(81,534)	12,564
	Comparatives	for movement	in	funds
						Net
						movement	At
					At 1.8.18	in funds	31.7.19
	Unrestricted	funds
	General fund				126,294	32,485	158,779
	TOTAL FUNDS				126,294	32,485	158,779

			DETAILED STATEMENT OF FINANCIAL ACTIVITIES
			FOR THE YEAR ENDED 31JULY 2020
				31.7.20	31.7.19
INCOME AND	ENDOWMENTS
Donations and legacies
Donations				10,414	6,309
Care services				13,645	15,821
Other income				2,249	4,182
				26,308	26,312
Other trading activities
Fundraising events				3,149	449
Shop incoine				52,020	20,679
Facebook sales				2,621	23,077
				57,790	44,205
Charitable activities
Grants				10,000
Total incoming	resources			94,098	70,517
EXPENDITURE
Raising donations		and legacies
Wages				29,553	16,917
Pensions				436	520
Rent				37,861	6,050
Daycare services				246	2,639
				68,096	26,126
Support costs
Management
Rates and insurance				639	1,078
Light and heat				617	766
Telephone and	internet			1,020	476
Postage and stationery				691	121
Advertising				1,694	1,140
Sundries				1,077	3,421
Subscriptions				271	218
Training				3,023
				9,032	7,220
Finance
Other establishment			costs	150	321
Bank charges				81
				231	321