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← Wave Muswell Hill CIO

2024-12-31-accounts

Wave Hub 2024

Trustees’ Annual Report and Financial Statements Registered charity number: 1171421

Contents

Summary

Our team 1 Our activities 2 Our finances 4 Personal Stories 5

Trustees’ Report

Trustees’ Report
Legal and administrative details 6
Objectives 7
Activities and achievements 8
Plans for 2025 11
Trustees’ responsibilities 12
Declaration 12

Financial statements

Financial statements
Summary 13
Statement of financial activities 14
Balance sheet 15
Notes to the accounts 16
Independent examiner’s report 21
Contact information 22

Summary

Welcome to Wave Hub’s Annual Report for 2024

This report tells you how we got on throughout the year. It describes our achievements as a charity and our finances.

Our team

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Steve
Leona
Toby
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Saying goodbye

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Leona Monika Alex
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1

Summary

Inclusive After School Club

“It’s a brilliant resource that is hugely beneficial for my child”

Health and Wellbeing

“Wave Hub helps me get fitter, and I like it because I can join in at my level”

2

Summary

Community connections

“The community here is really special, and makes Wave Hub feel so inclusive”

“Wave Hub has made me feel more confident. I am very proud of what I can do”

3

Summary

Our finances

Income

Costs

Savings

Thank you!

We are proud of everything we achieved this year. Thank you for being part of Wave Hub and for supporting us in whatever way you do!

4

Personal Stories

Reece Turkson

Reece is 23 and attended Wave Hub through his supported internship with the Harington Scheme. He worked in the kitchen, preparing food with his job coach, and helped with the afternoon art activities. He left Harington with a retail qualification and now has paid work for 3.5 days/week as a shop assistant in one of the Harington charity shops.

During his time at Wave Hub, Reece particularly enjoyed the food. He had never come across vegan food before and ‘made it his mission’ to eat and enjoy it every week. Reece also enjoyed having the time and space to engage with art projects, helping others participate and also trying new things for himself. These days, Reece really likes the familiarity of the Wave Hub environment.

“I loved it here so much, I even tried to come during my school holidays. Wave Hub works because everyone is valued equally and treated fairly, and nobody is left out”

James Chadwick

James, 25, completed college with a gardening qualification and now works in Archway as an assistant gardener for two days/week. He works one day/week in the kitchen at CJ’s bakery, of which is a co-founder, and at the end of 2024, James started volunteering at Wave Hub every Thursday.

James is energised by the mutual respect and kindness at Wave Hub. He likes this dynamic when working as part of the team, serving drinks and food and chatting to customers. The affirming and supportive atmosphere has encouraged him in his desires to live independently and have a good social life, of which Wave Hub continues to be a big part.

“I like making friends with the rest of the team. We have so much fun together at Wave and I like chatting to the customers and seeing old friends”

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Trustees’ Report

Charity name

Wave Muswell Hill CIO

Commonly known as Wave Hub Charity number 1171421 Registered address 99 Rosebery Road, London N10 2LD Constitution Charitable Incorporated Organisation Bankers HSBC, 8 Canada Square, London E14 Website www.wavehub.org.uk

Trustees

Name

Graham Wright Lotte Carlebach Katharine Jones Andy Merriman David Tshulak Rachel Williams Ophir Yaron

Office

Chair Trustee Trustee Trustee Treasurer Trustee Trustee

Appointed

1 February 2017 1 January 2022 18 April 2023 15 January 2020 1 July 2019 15 January 2020 15 January 2020

Staff with delegated responsibilities

Name

Leona Akass Ostra Toby Skinner Steve Mersereau Monika Carraro Alex Green

Office

Appointed

Director 1 November 2022 Assistant Café Manager 1 November 2018 (dep. 19 Dec) Administration Manager 12 December 2022 Community Hub Coordinator 1 September 2024 Operations Coordinator 11 November 2024

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Trustees’ Report

Objectives

Wave Hub was established to promote social inclusion within local communities by bringing together those with and without learning disabilities. We aim to help our community embrace the "We're All Valued Equally" (WAVE) ethos that underpins all Wave activities and remove the “service user” model of inclusion.

Everyone benefits when individuals of different abilities work and socialise together, but there are limited opportunities locally for this to happen. So, we have worked towards establishing spaces and events that bring together those of all backgrounds and abilities to create a genuinely inclusive community. Wave Hub’s work promotes a society-wide change of attitude towards disability and difference.

Summary of objectives as set out in our constitution

  1. The promotion of social inclusion for the public benefit in the London Boroughs of Barnet, Camden, Edmonton, Enfield, Haringey and Islington by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded [ *1 ] and assisting them to integrate into society in particular but not exclusively by:

  2. (a) the provision of activities for people with learning disabilities or special needs to reduce social isolation in their lives.

  3. (b) establishing and running a café or cafés where people with learning disabilities or special needs may have opportunities to develop social and practical skills and receive support.

  4. The promotion of education for the public benefit by:

  5. (a) the raising the awareness of the public of the issues that face people with learning disabilities or special needs [ *2 ].

  6. (b) the provision of skills and other training for people with learning disabilities or special

  7. needs.

  8. *1 “socially excluded” in this context means being excluded from society or parts of society, as a result of learning or other disabilities and special needs.

  9. *2 “special needs” means the individual requirements of a person with a disadvantaged background or a mental, emotional or physical disability or a high risk of developing one.

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Trustees’ Report

Activities and achievements

Health, fitness and healthy eating initiatives

April saw the launch of “Fitness for All”, now attracting 25 mixed-ability participants weekly. For many with learning disabilities, this class is their first experience with structured exercise due to lack of inclusivity and accessibility elsewhere.

This class complements our “Everybody Movement and Wellbeing” sessions and our popular Community Mile, which attracts 20–30 regular participants each week.

Our café also champions healthy living: our mixed-ability team creates nutritious, colourful lunches using a variety of whole grains, beans, fruits, vegetables, herbs, and spices, often meeting the “30 plants a week” challenge in a single meal, supporting immune strength and gut health.

“You have to come along for yourself to really understand the difference having a place like this makes in our lives”

London Landmarks Half Marathon

Four intrepid runners ran the London Landmarks Half Marathon for us in 2024, three running the distance for the first time. Thanks to their hard work and your generosity, they raised close to £7,000 for us!

It was an incredible day, and everyone who ran and turned out to support really enjoyed it.

“Knowing my fundraising helps create job opportunities for young people with learning difficulties made those tough miles meaningful” SO)

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Trustees’ Report

Activities and achievements

(continued)

Work experience and volunteering opportunities

Through partnerships with the Harington Scheme and TreeHouse School, we welcomed students with learning disabilities into supported placements in our café team, offering a first taste of real work in an inclusive environment. New volunteers have joined us, including two young people with a learning disability and an autistic person who have become valued members of our team.

We are proud to have been recognised by the Haringey Community Collaborative, as winners in the Employment, Training, and Education category for our commitment to creating pathways into sustainable employment.

“What I find most rewarding is seeing the progress of the students, helping them to progress onto further training outside of Wave Hub and sometimes into paid employment”

Launch of inclusive After School Club

This year we launched our After School Club. Each week 10–12 children enjoy our creative, confidencebuilding sessions, with siblings welcome in the café.

The club’s flexible format supports children who experience anxiety or struggle in structured environments. Parents have praised its positive impact, and the club reflects our “with not for” ethos, fostering friendships across all abilities.

We are deeply grateful to the Beacon Lodge Charitable Trust for funding this initiative.

“My child doesn't tend to sit still for long, so I personally love that the sessions are free flowing”

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Trustees’ Report

Activities and achievements

( continued)

Winter Fair

The Wave Hub Winter Fair is always a highlight in our calendar as a chance to welcome our community to a joyful, inclusive event.

We had a fun day of festivities, and a range of stalls selling Christmas goods, festive bouquets and food from CJ’s bakery! In the evening, local florist Tracey Heron hosted a Wreath making workshop. This event was a massive success, raising £1,500.

We’re excited to showcase the amazing work of the Harington Scheme and TreeHouse school students again next year! SBS. aa 644 Rr - “The handmade luxury hat and scarf for my daughter was too gorgeous to pass up, and I couldn't resist a winter bouquet for myself" Enhanced community engagement oS ale x Qi a

Our engagement increased by over 25% to over 4,500+ participants this year, with our Instagram also growing and being shared regularly by the council and other charities.

Community spirit shone through fundraisers such as Nick Timson’s trek to Everest base camp, and our London Landmarks Half Marathon runners.

Our café remains a warm, welcoming, vital hub powered by over 3,500 volunteer hours and 10 DoE students who bring fresh ideas and strengthen our mixed ability approach.

“Wave is wonderful. There’s such a lovely atmosphere when you come in, warm and welcoming and cheerful. All the friends I have taken have been charmed”

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Trustees’ Report

Plans for 2025

The Wave Hub trustees have set the following priorities for 2025:

1. Launch Wave Hub for a second day

We will launch Wave Hub operations for a second day each week, starting with a trial period from September to December 2025, to expand our reach to more community members. As well as increased capacity for more attendees, this will allow additional student placement partnerships, creating more opportunities for young adults with learning disabilities to gain real-world experience in an inclusive workplace. This expansion will demand additional staffing, volunteers and funding.

2. Establish an inclusive dance programme

Our weekly exercise programme will be expanded to include regular dance sessions, led by experienced instructors and providing additional opportunity for TreeHouse School students to take part in local community classes. This will provide the opportunity for participants of all abilities to express themselves through movement, with proven benefits for mental and physical wellbeing. It will also create opportunities for participants to develop into peer leaders, fostering natural inclusion through shared creative experiences. To facilitate this, we will seek sustainable funding through local authority grants and participant contributions.

3. Enhance our family support offering

Wave Hub offers a supportive environment where families can connect, share experiences and break down isolation. Our holistic approach ensures that genuine inclusion happens naturally through creative activities, play, and mutual support for parents, carers and siblings. This will be enhanced by expanding current after-school and holiday events, launching new events for school-age children, and establishing a peer support network for parents.

4. Strengthen Wave Hub’s financial sustainability

This is a vital priority to create a stable foundation for our expanded community hub while maintaining our values of kindness, generosity and empowerment. We will use a variety of strategies to seek greater support from individuals and grant-giving institutions, as well as our partner organisations, local community groups and local government.

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Trustees’ Report

Trustees’ responsibilities

The trustees are responsible for preparing the Trustees’ Report and Accounts in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. The law applicable to charities in England and Wales requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these accounts, the trustees are required to:

The trustees are further responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.

Declaration

The trustees declare that they have approved the Trustees’ Report above.

Full name Position Date

Graham Wright David Tshulak Chair Treasurer 11 May 2025 11 May 2025

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Financial Statements

Summary

Our income for the year amounted to £92,945, while our total expenditure was £76,382, resulting in a surplus in the year of £16,563.

As at 31 December 2024, Wave Hub’s net assets stand at £45,876. These are all unrestricted and available to be used in accordance with our charitable objectives at the discretion of the trustees.

These financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s Trust Deed, the Charities Act 2011 and are in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) issued on 16 July 2014.

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Financial Statements

Statement of financial activities for the year ended 31 December 2024

2024 2024 2024 2023
Unrestricted Restricted Total Total
Incoming resources funds £ funds £ funds £ funds £
Donations
Charitable Grants- Unrestricted 28,000 28,000 0
Personal Donations 17,882 17,882 20,232
Event Sponsorship Donations 15,220 15,220 4,357
Corporate Donations 2,617 2,617 1,730
Total Donations 63,719 0 63,719 26.319
Charitable Activities
Sale of Goods and Services 26,925 26,925 28,087
Charitable Grants - Restricted 2,301 2,301 0
Total Incoming Resources 90,644 2,301 92,945 54,406
Resources Expended
Direct Charitable Activities 54,502 1,867 56,369 45,407
Indirect Charitable Activities 14,073 434 14,507 14,481
Raising Funds 5.506 5,506 6,215
Total Resources Expended 74,081 2,301 76,382 66,103
Net Movement in Funds 16,563 0 16,563 (11,697)
Total Funds Brought Forward 29,313 0 29,313 41,010
Total Funds Carried Forward 45,876 0 45.876 29,313
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Financial Statements

Balance sheet at 31 December 2024

2024 2024 2024 2023
Unrestricted Restricted Total Total
funds £ funds £ funds £ funds £
Current Assets
Debtors:
Other debtors 4,907 4,907 0
Prepayments & accrued income 7,276 7,276 3,200
Cash at bank 39,244 3,479 42,723 27,874
Cash in hand 118 118 487
46,638 8,386 55,024 31,561
Creditors: amounts falling due within one year
Creditors & Accruals:
Deferred income (8,006) (8,006) 0
Taxation & social security 0 0 (800)
Other creditors (762) (380) (1,142) (1,448)
Total Net Assets 45,876 0 45,876 29,313
Funds of the Charity
Balance brought forward 29,313 0 29,313 41,010
Surplus/(Deficit) for the year 16,563 0 16,563 (11,697)
Total Funds Carried Forward 45,876 0 45,876 29,313
Signed
Full names Graham Wright David Tshulak
Position Chair Treasurer
Date 11 May 2025 11 May 2025

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Financial Statements

Notes to the accounts

1. Basis of preparation

1.1. Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011.

1.2. Going concern

At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the accounts.

2. Accounting policies

2.1. Accounting convention

Accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound.

2.2. Charitable funds

The accounts differentiate between restricted and unrestricted funds. All income received that is unrestricted can be applied at the discretion of the trustees in furtherance of Wave Hub’s charitable objectives. Restricted income is separated and is applied in accordance with the terms specified by the donor.

2.3. Recognition of income

All income is recognised once the charity has entitlement to the income, there is sufficient certainty of receipt, it is probable that the income will be received and the amount of the income receivable can be measured with sufficient reliability.

2.4. Grants and donations

Grants and donations are only included in the Statement of Financial Activities when the general income recognition criteria are met. In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met.

2.5. Offsetting

There has been no offsetting of assets or liabilities, or income or expenses, unless required or permitted by the FRS 102 SORP or FRS 102.

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Financial Statements

Notes to the accounts

(continued)

Note 2 Accounting policies (continued)

2.6. Gift Aid

Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise .

2.7. Donated goods

Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.

2.8. Volunteer help

The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.

2.9. Liability recognition

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay our resources and the amount of the obligation can be measured with reasonable certainty.

2.10. Creditors

The charity has creditors which are measured at settlement amounts less any trade discounts.

2.11. Debtors

Debtors are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

2.12. Irrecoverable VAT

Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

2.13. Governance and trustee costs

The charity incurs no material governance costs; trustees receive no remuneration or other benefit and meetings are attended at trustees' own cost. Payments to trustees are limited to reimbursement of amounts expended by them on behalf of the charity.

2.14. Examiner fees

No fees were charged for our independent accountant's examination of these accounts.

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Financial Statements

Notes to the accounts

(continued)

3. Paid employees

3.1. Staff costs

3.1. Staff costs
This year (£) Last year (£)
Salaries and wages 42,688 35,442
Social security costs 2,022 1,670
Employment allowance (2,022) (1,670)
Pension costs (defined contribution scheme) 1,282 1,179
Other employee benefits 0 0
Total staff costs 43,970 36,621

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.

3.2. Staff pension scheme

The charity operates a defined contribution pension scheme and the employer contributions are charged as an expense in the month in which the related salary or wage is paid.

3.3. Average head count in the year This year Last year
number number
The parts of the charity in which the employees work:
Fundraising 0 0
Charitable activities 1 1
Governance 0 0
Other 0 0
Total 1 1

Wave Hub started the year with three part time employees working 1, 2 and 3 days/week each. During the year, the charity employed a further employee working 2 days/week. One employee left and has been replaced.

4. Transactions with trustees and related parties

4.1. Trustee remuneration and benefits

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity for the reporting period or the prior year.

4.2. Trustees’ expenses

No trustee expenses have been incurred for the reporting period or the prior year.

4.3. Transaction(s) with related parties

There have been no related party transactions in the reporting period or the prior year.

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Financial Statements

Notes to the accounts

(continued)

5.Charity funds

5.1.Details of material funds held and movements during the CURRENT reporting period

Balances Balances
Type PE, EE, Purpose and brought Expendi- carried
Fund names R or UR* Restrictions forward Income ture forward
£ £ £ £
Beacon Lodge Charitable Beacon Lodge Charitable
R		 Art Psychotherapist-led 0 1,400 (1,400) 0
Trust after-school club
Haringey Council R Fitness classes for 0 400 (400) 0
holiday club
Haringey Giving, The R Art Psychotherapist-led 0 501 (501) 0
Alleviate fund workshops
Other funds UR N/A 29,313 90,644 (74,081) 45,876
Total funds 29,313 92,945 (76,382) 45,876
A Restricted grant of £4,907 agreed with Haringey Giving, The Alleviate Fund, for art psychotherapist-led
workshops commencing 5 December 2024 running to 30 May 2025 had not been received by the Balance workshops commencing 5 December 2024 running to 30 May 2025 had not been received by the Balance
Sheet date, although the weekly workshops took place from the commencement date. The amount of Sheet date, although the weekly workshops took place from the commencement date. The amount of Sheet date, although the weekly workshops took place from the commencement date. The amount of
£4,907 has been included in Other Debtors in the Balance Sheet.
5.2.Details of material funds held and movements during the PREVIOUS reporting period 5.2.Details of material funds held and movements during the PREVIOUS reporting period
Balances Balances
Type PE, EE, Purpose and brought Expendi- carried
Fund names R or UR* Restrictions forward Income ture forward
£ £ £ £
None 0 0 0 0
Other funds UR N/A 41,010 54,406 (66,103) 29,313
Total funds 41,010 54,406 (66,103) 29,313

* _Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and UR - unrestricted funds**_

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Financial Statements

Notes to the accounts

(continued)

5. Charity funds (continued)

5.3. Deferred income - Restricted funds

5.3. Deferred income - Restricted funds
This year (£) Last year (£)
Deferred income brought forward 0 0
Deferred income arising in the year 8,006 0
Deferred income released in the year 0 0
Deferred income carried forward 8,006 0

Restricted grants received that are subject to performance-related conditions are treated as Deferred income to the extent that funds have been received in advance of delivering a part of the services required by the grant conditions. Deferred income is released to income in the reporting period in which the performance-related or other conditions that limit recognition are met.

Financial management policies

  1. It is our policy to maintain a balance of cash reserves of at least three months' operating expenses, which policy we have maintained successfully throughout the year.

  2. We are a social enterprise. We use the income generated through our events and donations to further the work of Wave Hub and offer services to our beneficiaries.

  3. To enable the widest range of people to attend, and to ensure equal opportunity, Wave Hub events are designed to be affordable. At ticketed events, we offer concessions to people who need them, and free passes to carers of people with learning disabilities.

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Financial Statements VE)——_ A Independent examiner’s report

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where we’re all valued equally

Contact Information

Email: info@wavehub.org.uk Website: www.wavehub.org.uk Instagram: @wavehubn10 Facebook: Wave Hub

Registered charity number: 1171421