REGISTERED COMPANY NUMBER: CEOU5192 (England and Wale5) REGISTERED CHARITY NUMBER.. 1162939 I I APR 2025 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 FOR BRAINWAVE INDEPENDENCE GROUP Juler Tooke Loihing I louse Quay View Busiiiess Park Barnards Way Lowestoft SutTolk NR32 2HD
BRAINWAVE INDEPENDENCE GROUP CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED31 JULY 2024 Page R¢por¢ of the Tru51ee5 Statement of Financial Activitie5 Balance Sheet Notes to the Financial Statements 6 to 10 Detailed Statement of Financial Activities
BRAIIYWAVE INDEPENDENCE GROUP REPORT OF THE TRUSTEES FOR THE YEAR ENDED31 JULY 2024 The trustees who are also director5 of the thc1rity for Ihe purposes of the Companies Aci ?006, present theiT Teport with the financial staieii)enls of ihe charity for the veal ended 31 July 20?4. The trustees have adopted the provisions of Accounting and Reportinu by Chariiies.. Statement gf Recomimended Practice applicable to charitie5 preparing their accoiiiits in accordance with the Financial Reponing Standard applicable in the UK and Republic of Ireland IFRS 102) (etTectiwe l January 20191. OBJECTIVES AND ACTIVITIES Objectives and activities The object of the charity is to relieve the need5 of brain injured individuals and their faimilies and carers, partlciilarly but noi exclusivelv residents in Easi Anglia, through the provision of such advice, information. Services. lacilities and granrs of financial assistance ifthe irusiees see fit. Publie beDefkt The Board of frusiees confsnn that they have had due reg3Td to the Chariiy Commission's guidance on public benefit. The charity considers thai li provides a benefit to the tseneral public by making fvnds available 10 provide supw)rt for brain injured individuals. Aehievements and performance After 5 yeai"s tsl. being at oiii. site the decision was made to move sites to have a tnoTe affordable and 5UStainable futUTe for the Charity. We closed down our Donation centre and shop on London Road south and We secured a new shop on London Road north, Lowestoft and a new client centre nained the 'The Point. on Whapload road, Lowe5toft. The shop opened its doors in April of ?024 which has a boutique style and stands out froin the usual looking charity shops. We held a grand opening for the shop and it coniinues to grow froin strength io strengih. We also opened our new client centre for services users to use twice a week on Mondays & Wednesday5 where we hold art5 & crafts, quizzes and music groups atnongst other things. We have a regular client base who attend each week and they have even staned a band called 'BIG Beats, the band has been invited 10 local care hoines to p¢rfollM and will alsLI perform at our annual funday. The chariiy continiies to hold events to raise money and awareness. We have our annual funday in Cotton and have booked in Imany local events for us to attend throuohoui ihe year. Plans for future periods With today's climate iv¢ have to have a realisiic goal of flllure plans and currently ihose are to coiitinue with groiving the shop with a sirong ieain to ach¢Ve gTrowth on sales with ihe possibilit). to open a second shop within Lowestoft.Book at leasi one event each monih for ihe charity lo attend to raise Inoney & awareiiess. STRucfuRE, GOVERNAP4CE AND MANAGEMENT Governing documenl l-he charity is controlled by ils governing docuillent, a deed of irusi, and constitutes a limiied company, limiied by juarantee, as defined by the Coinpanies Aci ?006. REFERENCF. AND ADMINISTRATIVE DETAILS Registered Company number CE005192 (England and Wales) Registered Charity number 11629i9 Page I
BRAINWAVE INDEPENDENCE GROUP REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 Registered office Lothing House 7 Qiiay View Business Park BarnaTds Way LOWESTOFT Suffolk NR32 2HD Trustees I. Bowler H Thoinas P Page (resigned 13.8.?3} G Knigjhts lappoinied 22.1.241 M Iniies (appointed 13.8 ?31 L Paliner (appointed 13.8.23) Approved by order of the board oftrustees on 18 March 2025 and signed on its behalf by= G Knitshts- Trustee Page 2
BRAINWAVE INDEPENDENCE GROUP STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDF.D 31 JULY 2024 31.7.?4 Unrestricted fund 31.7.23 Total fiinds Not¢5 INCOME AND ENDOWMENTS FROM Donation5 and l¢giacies 1 ?,799 14.558 Other tradinuj activities Other incoine 93.350 93 110,759 Totol 106,242 125.317 EXPENDITUREON Raisin(7 lunds 141,221 135.853 Other 1,919 Total 143.943 137,772 NET INCOMEI(EXPENDITURE) (37,701) 112,455} RECONCILIATIOIY OF FUNDS Total funds brought forward 174.274 186.729 TOTAL FUNDS CARRIED FORWARD 136.573 174,274 The notes fom part of these financial statements Page 3
BRAINWAVE INDEPENDENCE GROUP BALANCE SHEET JI JULY 2024 31.7.?4 Uniesiricted fund 31.7.23 Total funds Noies FIXED AS.SF.TS angible assets 73.909 72,334 CURRENT ASSETS Debtors Cash at bank and in hand 18.643 50.150 18,643 89,964 68,793 108.607 CREDITORS Amounts falling due within one year 1343) (8811 NET CVRRENT ASSETS 68.450 107,726 TOTAL ASSETS LESS CURRENT LIABILITIES 142,359 180,060 CREDITORS Aniouiits falling due after Inore than one year (5.7861 {5,786} NET ASSETS 136,573 174.274 FUNDS Unrestricted funds 136,573 174?74 TOTAL FUNDS 136.573 174.274 The charitable coinpany is entitled io exemption from audii under Section 477 of the Companies Act 2006 for the year ended 31 July 2024. The tnembers have not required the coinpany to obtain an audit of its financial staiemenis for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (al eDsuring thai the chdritable company keeps accounting r¢cord5 that comply with Sections 386 and 387 of the Coimpanies Act 2006 and preparints financial statements which give a true and fair view of the sthte of affairs of the charitable company as ai the end of each financial year and of its surplus or deficit for each financial year in accordance with ihe requireinenis of Sections 394 and 395 and which otherwise comply with the requirements of the Coinpanies Act 2006 relating 10 financial siaiements. so far as applicable lo the chaiiiable company. (bl The noies forni part of these financial siatements Page 4 eontinued...
BRAINWAVE INDEPENDENCE GROUP BALANCF. SHEET- continued 31 JULY 2024 These financial staieinenis have been prepared in accordance with the provisions applicable to charitable coinpani¢s subjeci to the small companies regime. The financial statements were approved by the Board of Trustees and auihorised for issiie on l 8 March 2025 and were signed on its behalf by.. G Knights- Trustee The notes fomi part of ihese financial statement5 Page 5
BRAINWAVE INDEPENDENCE GROUP NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 JULY 2024 ACCOUNTING POLICIES BAsi5 of preparing the financial 5tatemeNt5 The financial staieinents of ihe charitable coinpany, M,hich is a public benefit eniiry under FRS 102, have been prepared in accordance wilh the Charities SORP {FRS 10?) 'Accounting and Reportints by Charities.. Siateinent of RecoTninended Practice applicable to charities preparing their accounts in accoi'danc¢ with th¢ F inancial Reporting Standard applicable in the UK and Repiiblic of Ireland IFRS 1021 {effeciive l January 20191,, Fiiiancial Reporting Standard 102 'The Financial Reponing Standard applicable in the UK and Republic of Ireland, and the Coiiipanies Act 2006. The financial staieii)en15 h7¥¢ been prepaied under the historical cost convention. Incorne All income 15 recogTnised in tlie Statement of Financial Aetiviiies once the charity has eniitleineni 10 ihe funds. it is probable ihat the incoine will be received and the alnouni can be Ineasured reliably. Expenditure Liabilities are recognised as expendiiure as soon as Ihere is a legal or constructive obli(Tation committing the harity to that expenditure, It is probable that a transfer of economic benefits will be required in settlement and the amouni of the obligation can be Inea%ured reliably. Expendiiure is accounted for on an accruals basis and has been classified under headings thai aggregaie all cost related to ihe category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangtble fixed asset5 Depreciaiion is provided ar the following annual rates in order to write olT each assei over its estimated useful Taxation The charity is exempt froiTJ COTpgration t&x on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the eharitable objectives ai the discretion of the trustees. Restricted ftinds can only be iised for particiilar restrscied purposes ivithin the objects of the charity. ResiTlCtions arise when specifi¢d by the donor or when ndS are raised for panicular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Hire purchase and leasing commitments Rentals paid under operating leases are charged to the Statement of FEnancial Activities on a strdight line basis over Ihe period of the lease. Pension cosls and other post-relirement benefJt5 The charitable company operaies a defined coniribuiion pension scheime. Coniribuiions payable io the charitable coinpany's pension scheme are charged to the Siatement of Financial Activities in th¢ p¢riod to which they relate. Page 6 continued...
BRAINWAVE INDEPEIYDENCE GROUP NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED31 JULY 2024 OTHER TRADING ACTIVITIES 31.7.24 31.7.23 Fundraising evenis Shop income Facebook sales 2,051 89,066 2,233 99.945 8.109 93,350 10,7.$9 NET INCOMEI(EXPENDITUREI Net incoinellexpendiiure) is sraied after chargingllcrtditing).. 31.7.24 31.7.23 Depreciation owned assets Rent Surplus on disposal of fixed assets 2.291 45,942 (931 1.339 50,510 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, reinuneration OT Other benefit5 for the )iear ended 31 July 2024 nor for the year ended 31 July 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 JLEly 2024 nor for the year ended 31 Jiily 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted rund INCOME AND ENDOWMENTS FROM Donaiions aiid legaci¢s 14.558 Other tradints activities 110,759 Total 125,317 EXPENDITURE ON Raising funds 135,853 Other 1.919 Total 137.772 NET INCOMEIIEXPF.NDITUREI (12,4551 RECONCILIATION OF FUNDS Toial fuiids brouglii forward 186,729 Page 7 continued...
BRAINWAVE INDEPENDENCE GROUP NOTESTO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31 JULY 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- eontinued Unresiricted fund TOTAL FUNDS CARRIED FORWARD 174,274 TANGIBLE FIXED ASSETS Freehold property Plant and maLhinery Motor vehicles Coinpuier equipinent Totals COST Ai l August 2023 Additions Disposals 2.013 350 4,100 6,249 14,1001 2.008 74,232 6.599 (4,1001 At 31 July 2024 2,363 6,249 2,008 76,7J I DEPRECIATION Ai l Aiigusl 2023 Charge for year Eliininated on disposal 777 238 820 1.797 (1.367) 301 256 1.898 2.291 11.3671 Ai 31 July 2024 1.015 1.250 557 2,822 NET BOOK VALUE Al 31 lul} ?024 1.348 4,999 1,451 73,909 Ai 31 July 2023 1.236 3,280 1,707 72,334 DEBTORS: AMOUNTS FALLING DUE WITHif4 OP4E YEAR 31.7.24 31.7.23 Other debtors 18,64J 18,643 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.7.24 31.7.23 So¢ial securiiy and other iaxes Oiher creditors Accrued expenses 1528) 15) 186 700 756 343 881 Page 8 coniinued...
BRAINWAVE INDEPENDENCE GROUP NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2024 CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.7.24 31.7.23 O(her loans {see note l 01 5,786 5.786 10. LOANS An analysis of the matUTity" of loans is given below: 31.7.24 31.7.23 Amounis lalling due between two and five year5.. Othei. loan5 - ?_5 years 5.786 5,786 MOVEMENT IN FUNDS Net moveinent in lunds Al 31.7.24 At 1.8.23 Unre5trieted (undg General fund 174,274 (37,7011 136.573 TOTAL FUNDS 174.274 137,7011 136.573 Net movement in funds. included in the above are as follows.. Incoming resources Resources expended Movement in fijnds Unrestricted fund$ General fund 106.242 {143,9431 {37.701) TOTAL FUNDS 106,?4? {143.9431 137,7011 Comparatives for movement tn funds Net Inovement in funds Ai 31.7.23 At 1.8.22 Unrestricted lunds General fund 186,7?9 {12.455} 174.274 TOTAL FUNDS 186.729 112,455} 174.274 Page 9 continued...
BRAINWAVE INDEPENDENCE GROUP NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2024 MOVEMENT IN FUNDS- continued Coillparative net Imovement in funds, ineluded in the above are as follows.. Incoining resources Resources expended Moveinent in funds Unrestricted funds General lund 125.317 1 137,772) (12,4551 TOTAL FUNDS 125,317 1137,772) (12.4551 A curreni year 12 Inonihs and prior year l ? months combined p(>sition is as follows.. Net Inovemcnt in funds At 31.7.24 Ai 1.8.22 Unrestricted funds General fund 186,729 150,156) 136.573 TOTAL FUNDS 186.729 150,156) 136,573 A current year 12 months and prior year 12 Inonths combined net movemeni in funds. included in the above are as follows.. Incoming resources Resources expended Movemeni in funds UDrestricl¢d funds General fund 231,559 (281,715) 150.1561 TOTAL FUNDS 231,559 1281,715} 150,1561 12. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 July 2024. Page 10
BRAINWAVE INDEPENDENCE GROUP DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THF. YEAR ENDED 31 JULY 2024 31.7.24 31.7.23 INCOME AND ENDOWMENTS Donijtiuns and legacie$ Donaiions Care services Other income 7.286 2.610 4,662 1.619 12,799 14.558 Other trading aetivlfies Fiindraising evenis Shop income Facebook sales 89.066 2.233 99.945 8.109 110,759 Other income Gaiii on sale ot tangible fixed assets 93 Total incoming resources 106,242 125,317 EXPEf4DITURE Raising donations and legacies 53,806 396 43.801 182 47,474 744 50,229 156 Pen5iong Reni Daycare services 98.185 98.603 Other Staff Trainin Plani and machinery Motor vehicles Compiiter equipment 432 238 1.796 256 580 218 820 301 2.722 1.919 Support Costs Management Rates and in5uiance Lighi and heat Telephone and internet Postagje and Stationery Advertising Sundries Subscriptions TravellInMOtOr expenses 5,885 13,602 1.368 274 821 2,730 11.940 1,223 442 2,531 2,694 516 12.568 564 12,494 39.169 34,644 This page does not fomi part of the staiutory financial statements Page 11
BRAINWAVE INDEPENDENCE GROUP DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR EIYDED 31 JULY 2024 31.7.24 31.7.23 Munagement Finance Other esiablishinent costs Bank charges 281 190 471 Governance costs Accouniancy and legal fees Legal fee5 776 950 925 1,7?6 2,135 Total resources expended 143.943 137.772 Net expenditure 137,701) (12.4551 Thi5 page does not fonn part of the staiutory financial siatemenis Page 12