OpenCharities

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

2025-12-31-accounts

Wave Hub

Trustees’ Annual Report 2025

Registered charity number: 1171421

Trustees’ Report, 2025

Identification

Charity name Wave Muswell Hill CIO Commonly known as Wave Hub Constitution Charitable Incorporated Organisation Charity number 1171421 Registered address 99 Rosebery Road, London N10 2LD Website www.wavehub.org.uk

Trustees

Name

Graham Wright Lotte Carlebach Katharine Jones Richard Morris Andy Merriman Jacqui Newman David Tshulak Rachel Williams Ophir Yaron

Office Appointed
Chair 1 February 2017
Trustee 1 January 2022_(to 1 Dec 2025)_
Trustee 18 April 2023
Treasurer 1 January 2026
Trustee 15 January 2020
Trustee 1 January 2026
Treasurer 1 July 2019_(to 1 Dec 2025)_
Trustee 15 January 2020
Trustee 15 January 2020

Staff with delegated responsibilities

Name Office Appointed
Leona Akass Ostra Director 1 November 2022

Bankers

HSBC Bank

8 Canada Square, London E14 5HQ

1

Contents
Summary
Introduction
 3
Activities
 4
Finances
 5
Trustees’ Report
Introduction
 6
Objectives
 7
Key achievements
 8
Highlights
 9
Personal stories
 13
Financial review and policies
 14
Priorities for 2026 15
Appendices
Statement of financial activities
 16
Balance sheet
 17
Governance arrangements
 18
2

Summary

Introduction

Welcome to Wave Hub’s Annual Report for 2025. This report tells you how we got on throughout the year. It describes our achievements and finances.

What is Wave Hub?

Wave Hub is an inclusive café and community which brings people with and without learning disabilities together. People come to make friends, learn new skills, volunteer, exercise and enjoy being part of the community.

We run lots of activities and events at the café, alongside our fabulous lunches, drinks and cake, to let as many people as possible join in. There are arts and craft sessions, fitness and dance classes, reading and games, and many more - we are happy to do anything, so long as it is inclusive.

----- Start of picture text -----
Monika
Alex
Leona
----- End of picture text -----

Our team

Wave Hub is run by our staff, trustees and volunteers. We all work together with our participants as one team.

Our volunteers give their time, skills and kindness every week. They help make Wave Hub a place where everyone feels welcome, valued and able to achieve their best.

3

Summary

Activities

Lots of exciting things happened for Wave Hub in 2025. We achieved some really big things:

4

Summary

Finances

Income

Costs

Savings

Thank you!

We are proud of everything we achieved this year. Thank you for being part of Wave Hub!

5

Trustees’ Report

Introduction

This report is our opportunity each year to update you on the Wave Hub story. We do our best in a few short pages to convey the essence of this unique place: what we do together, who takes part, our achievements, the remarkable impact we have, and why for our regulars, coming to Wave Hub is the highlight of their every week.

What makes us distinctive is our determination to be fully inclusive, to do things together, without discrimination, and to value everyone who comes. Every year, we learn a little more about how to be genuinely accessible. That’s why you will see that this report starts with an easy-read style summary (some say it is the best bit!). We hope this inspires you to come along and see for yourself - ultimately, that is the only way to appreciate the magic!

Statutory declaration

The trustees declare that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers or duties.

The trustees are satisfied that Wave Hub’s activities during the year directly furthered its charitable purposes for the public benefit.

The 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 Constitution, the Charities Act 2011, and the Charities SORP (FRS 102).

The trustees confirm that they have approved this Trustees’ Report. Signed on behalf of the Charity’s trustees

Full names Graham Wright Richard Morris Positions Chair Treasurer Date 5 August 2026 5 August 2026

6

Trustees’ Report

Objectives

Wave Hub was established in 2017 to promote social inclusion within local communities by bringing together those with and without learning disabilities. We want to help our community embrace the "we're all valued equally" 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 objects 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) 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 needs.

  7. *1 ‘socially excluded’ In this context means being excluded from society or parts of society, as a result

  8. 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.

7

Trustees’ Report

Key achievements

Opening for a second day each week

In September, Wave Hub expanded from one to two days per week to meet growing demand. The additional day enables us to welcome new people while giving our regulars more opportunities to take part, build friendships and be connected. It also creates more volunteering roles, work experience placements and internship opportunities for people with learning disabilities.

By the end of the year, we had again reached capacity on both Wednesdays and Thursdays, confirming the demand.

Physical activity becoming a core part of Wave Hub

At Wave Hub, being active is not about competition. It is about helping people realise what they can do, improving physical and mental wellbeing, and creating opportunities for people of all abilities to exercise together. Whether trying a fitness class for the first time, completing a Community Mile, progressing from walking to “Couch to 5K”, or training for a half marathon with our inclusive running club, every achievement is celebrated. With our extra day, we have doubled our fitness, yoga and dance capacity, enabling many more to enjoy regular physical activity. We even started a bowls class at our neighbouring Muswell Hill Bowling Club.

We also champion healthy eating. Our lunches use a wide variety of natural ingredients, often meeting the “30 plants a week” challenge in a single meal, promoting immunity and gut health, and encouraging people to try new foods.

Delivering structured work experience

The work experience and training we provide aims to equip young adults with learning disabilities to find real work opportunities. In July we celebrated the graduation of five students accompanied by their job coaches. Each had demonstrated new skills from working in our kitchen, art room or front of house (depending on their preference and ability), serving customers and working in teams.

8

Trustees’ Report

Highlights

Active Together: Dance, Movement and Wellbeing

This year we successfully established a regular inclusive dance programme, which has quickly become one of the highlights of our week. Led by Gabriella, the classes bring together people of different ages and abilities in a fun, welcoming and energetic environment.

The sessions are particularly popular with students from TreeHouse School, who walk from the school to take part. This is an important opportunity for them to engage with the wider community and form friendships outside school. The classes encourage self-expression through movement while supporting both physical and mental wellbeing.

The dance programme complements our popular fitness classes, yoga sessions and Community Mile walks, bringing together people who might otherwise never meet and creating friendships that continue beyond the dance floor.

"The students are always excited for Dance with Gabi. They leave the sessions smiling, proud of their achievements, and eager to return the following week“

Rossana Caglia, Employment Specialist with Ambitious about Autism (who run TreeHouse School) says:

“Dance with Gabi has been wonderful. Six TreeHouse students have participated regularly. All activities are carefully adapted for a wide range of needs, ensuring that every pupil can participate, enjoy themselves, and achieve success.

Gabi creates a really welcoming and supportive environment. The students always look forward to attending and have grown in confidence, social interaction, and self-expression.

The sessions also enable staff to take part alongside pupils, as peers, strengthening relationships and building valuable trust.”

9

Trustees’ Report

Highlights

Supper Clubs

Supper Clubs continue to be one of the most powerful expressions of our mission. Planned and delivered by volunteers, students and participants working together, these evenings bring together people from different backgrounds who might otherwise never meet.

Guests share tables, conversations and food with others in mixed groups, prompting connection and understanding between people with and without learning disability.

For many, it is their first experience spending time socially with someone different from themselves. Assumptions are challenged and barriers frequently disappear over an evening. This is genuine inclusion in action.

“Last week’s Supper Club was a real joy. Of course, the food was terrific - it always is. But more notable was the atmosphere. The team were beaming as they served us all in such a professional way, clearly loving every moment”

The events also showcase the skills of our students and volunteers, who help prepare, serve and host the evenings. They usually sell out, demonstrating the strength of support within the local community.

As well as raising valuable funds, these evenings help people of all abilities to be welcomed, valued and celebrated equally.

10

Trustees’ Report

Highlights

Wave Stitchers: Creativity, friendship and belonging

Our Stitchers group has continued to flourish and now welcomes 10 to 12 participants every week. We are delighted that more people with learning difficulties and autistic participants are joining the group, creating a genuinely mixed-ability community where friendships grow naturally through shared creativity.

This year we were especially proud to welcome two young men to the group. Textile crafts are typically seen as for women, but we are used to challenging such assumptions in the name of inclusivity, and both have embraced stitching with enthusiasm, discovering its calming, therapeutic effects.

More importantly, they have found a place where they feel accepted, valued and able to contribute. The Stitchers group is about much more than needle crafts; the conversations are as important as the crafted products. It is about building confidence, reducing isolation, creating friendships and showing that everyone has talents to share.

“The Stitchers' group fosters community, camaraderie and conversation. I think it is one of the best ways of bringing people together.” (Nicholas)

Stitchers group regular, Esta, says:

“ This group has become an important part of my week. I already knew knitting and sewing, but I enjoy coming twice a week because it helps me take my mind off my worries, meet people from different backgrounds, and take part in the lovely activities.

I have also enjoyed helping with the summer and winter fairs over the past three years to support the charity. If my health were better, I would happily volunteer for even more events. Thank you for making everyone feel so welcome.”

Recent new joiner, Carol, says:

“ I joined about two months ago. What a talented and diverse group of people! I was made welcome and have felt included. Everyone is willing to share their specific skills and talents. It’s great fun!

11

Trustees’ Report

Highlights

London Landmarks Half Marathon

The annual London Landmarks Half Marathon is becoming an important feature of the Wave Hub calendar. It works well for us, being so well aligned with our priorities and objectives:

it is a great example of healthy physical activity

it is fully inclusive - everyone is able to run at their own pace it is also ideally suited to collaboration and teamworking, both in the preparation and at the event itself

it is much more about taking part than winning it is an ideal vehicle for fund raising, both as individuals and collectively, and contributes significantly to our annual income.

Our 2025 team consisted of nine runners, with the full range of previous running experience, from regular parkrunners to complete novices. They included two of our staff team, a fitness instructor, job coach, volunteers, friends and family.

Between them, thanks to terrific support from others (role modelled by the banner wavers on the day - see photo), they raised an impressive £15,500 for Wave Hub!

It was a wonderful day, and everyone who ran and supported had a great time. Thanks, everyone, for joining in!

“I never thought I would run a half marathon - but there you go, I did it! Training together with others from Wave Hub made me believe it was possible”

Wave Hub 2025 LLHM Roll of Honour

Alex Green Conal Galagher Elena Tzaneva George Wrafter Maia Webster Monika Carraro Reece Turkson Saul Wordsworth Richard Chadwick

12

Trustees’ Report

Personal Stories

Jane Wrafter, fitness trainer

Jane Wrafter has taught pilates, fitness and yoga in the local community for 25 years. She first led a class for us as emergency cover at one hour’s notice - that was four years ago, and she has hardly missed a week since!

Jane’s class role models inclusivity and social interaction. Literally anyone can join in, regardless of previous experience or ability. She loves inviting everyone in turn to choose a favourite exercise for the whole class to do, and enjoys predicting their choices!

“It’s the highlight of my week. I always feel better when I leave than when I came in”

Jane loves Wave Hub because she finds it to be a community that’s full of love, joy and togetherness, as well as safety and freedom - somewhere without judgement, with no egos, where you can be who you want. It reminds her what’s important in life.

Samel Ayeni, volunteer

“I love Wave Hub. It gives me a real chance to learn new things, have fun and make friends.”

Samel, 15, is a student at TreeHouse School in Muswell Hill, where he is studying Maths and English. He has been coming to Wave Hub since the summer of 2024.

Samel works in our café as an art assistant, helping with the weekly art classes, gaining valuable experience towards his ambition of one day becoming an art teacher.

Working at Wave Hub has helped him increase both his independence and his confidence, as well as providing him with the opportunity to learn new skills.

Samel values Wave Hub because it enables him to try new things. And he really likes the cakes!

13

Trustees’ Report

Financial review and policies

Our income for the year amounted to £117,140, while our total expenditure was £102,612, resulting in an operating surplus in the year of £14,528. As at 31 December 2025, Wave Hub’s net assets stand at £62,446, of which the vast majority (£60,404) are unrestricted and available to be used in accordance with our charitable objectives at the discretion of the trustees.

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. At the end of the year, our reserves were sufficient to cover over eight months of regular activities.

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.

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.

Note: A summary of our 2025 financial statements is included in this document, on pages 16 and 17. We confirm that the information contained in these summarised financial statements is taken from the independently examined annual accounts for the year ended 31 December 2025. The accounts were approved by the trustees on 24 April 2026, are subject to an unqualified independent examiner’s report, and have been submitted to the Charity Commission. These summarised statements may not contain sufficient information to allow for a full understanding of the financial affairs of Wave Hub. For further information, the full accounts and the relevant independent examiner’s report should be consulted. Copies can be downloaded from our website, www.wavehub.org.uk or from the Charity Commission.

14

Trustees’ Report

Priorities for 2026

1. Launch a Wave Hub Young Leaders programme

Establish a mixed-ability youth leadership and social action programme that empowers young people with and without learning difficulties to become confident leaders, inspire their peers, champion healthier lifestyles and drive positive change in their communities.

2. Secure the future of our physical activity events

Secure long term funding to sustain and expand our inclusive physical activity programme. We will encourage more people of all abilities to lead healthier and more active lives by expanding our running club and increasing participation in dance, yoga, pilates, fitness and community walks.

3. Increase our visibility within the wider community

Take Wave Hub beyond the café by developing new partnerships, participating in local festivals and community events, and creating more prominent, publicly visible projects. By making our work more visible, we will challenge perceptions of learning difficulties and demonstrate the power of genuine inclusion.

4. Expand inclusive work experience and volunteering

Forge new partnerships with schools, colleges and education providers to create more work experience placements and volunteering opportunities for young people with autism, learning difficulties, and other additional needs. Secure the long-term funding needed to meet growing demand, increase capacity and ensure more people can benefit from our inclusive community.

15

Financial Statements Statement of financial activities for the year ended 31 December 2025

16

Financial Statements

Balance sheet at 31 December 2025

17

Governance arrangements

Governance and delegated authority

Wave Hub is governed by its Constitution dated 23 January 2017. The charity is led by a board of trustees who meet regularly to set strategy, monitor performance and ensure compliance with legal and regulatory requirements. Day‑to‑day management is delegated to the Director, who operates within policies, budgets and procedures approved by the trustees. Operational decisions are made by staff and volunteers within this framework, ensuring that Wave Hub’s activities remain safe, inclusive and aligned with our charitable purposes. The trustees review the charity’s governance arrangements annually to ensure they remain appropriate for the scale and nature of Wave Hub’s work.

Trustee recruitment, appointment and training

New trustees are appointed in accordance with the Constitution. Candidates are identified through open recruitment, personal recommendation or community involvement, and are appointed based on the skills and experience needed by the charity. All trustees receive an induction covering legal duties, safeguarding, financial oversight, and the work of Wave Hub. Ongoing training is provided where needed, including updates on charity governance, financial management and safeguarding.

Safeguarding

Wave Hub is committed to safeguarding all participants, volunteers and staff, particularly those who may be vulnerable due to learning disabilities or additional needs. The charity follows clear policies and procedures, including safer recruitment, staff and volunteer training, incident reporting and escalation processes. Safeguarding concerns are monitored by the Director and reported to the trustees. The trustees review arrangements annually to ensure they remain robust and effective.

Risk management

The trustees have assessed the major risks to which the charity is exposed and are satisfied that appropriate systems are in place to mitigate them. These risks are monitored throughout the year and reviewed formally by the trustees.

Public benefit

The trustees confirm that they have complied with their duty under the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit. They are satisfied that Wave Hub’s activities during the year directly advanced its charitable purposes and provided clear public benefit by ‑ reducing social isolation, promoting inclusion and community participation, creating mixed ability environments, helping people to develop new skills, encouraging healthier lifestyles through inclusive physical activity, and providing accessible activities for the local community. Wave Hub’s work continues to demonstrate the positive impact of genuine inclusion within the community.

18

Contact Information

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

Registered charity number: 1171421

WA VE H U B Wave Muswell Hill CIO R8glstornd CharttyNumb•r. 1171421 Financial Statements for the Year Ended 31 December 2025

Wave Muswell Hlll CIO Financial Statements for the Year Ended 31 December 2025 Introduction This document presents the independently reviewed financial ststements for Wave Hub Iregistered name Wave Muswell Hill CIO) for the year ended 31 December 2025. Contents- Pagelsl Statement of trustees. responsibilities Independent examiner's report Statement of financial artivitie5 Balance sheet Notes to the accounts 6-10 The Trustees, Annual Report, which includes a summary of these statements, is published separately and can be found on the charivs web site www.wavehub.org.uk or via the Charity Commission. Page 1

Wave Muswell Hlll CIO Financial Statements for the Year Ended 31 December 2025 Statement of trustees, responsibilities The trustees are responsible for preparing the Trustees, Annual Report and the financial statement5 in accordance with applicable law and United Kingdom Accounting Standards, including the Charities SORP IFRS 1021. The Charities Att 2011 and the charitvs Constitution require the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources for that period. In preparing these financial statement5. the trustees are required to: select sultable accountlng pollcles and then apply them conslstently observe the methods and principles in the Charities SORP IFRS 1021 make judgements and estimates that are reasonable and prudent state whether applicable accounting standards have been followed prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charlty wlll contlnue in operatlon. The trustees are responsible for keeping adequate accountin8 records that are suffiaent to show and explain the chariws transactions, disclose with reasonable accuracy at any time the financial position of the charity, and enable them to ensure that the financlal statements comply with the Charltles Act 2011 and the requirements of the Constitution. They are also responsible for safeguarding the assets of the charity and for tsking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charivs financial information and published account5. Legislation in the United Kingdom governing the preparation and dissemination of flnanclal statements may differ from legislation In other Jurisdirtions. Page 2

Wave Muswell Hill CIO Financial Stalements for the Year Ended 31 D￿mber 2025 Independent examiner's report CHARITY COMMISSION IndO￿ndant oxamin•rfs roport on the FOR ENGLANO AND WALES accounts Secllon A Ind•p•nd•nt Ex•mkn•rf¥ Report Report lo ¢iustMs Wave Hill CK) On a¢¢ouTrts for the year •nd•d 31 Decembw 2025 Ch•rity no Ilf any 1171421 Sèt pag•• 4tolO I fOPOrt to tho trust••8 1)n my eX￿￿t￿n of aCc￿ntS 01￿ ats)ve ch¥ily l.t￿ Tru¥l"I for the yèar ￿￿ed 3111212025 Responslbllltles and basls of r•port As the eh#iily's t￿￿te¢S. y(xJ •ro r•8pon8ible for th• pr•par8tion of the accounts in aCcor(la￿e requirements of Charrtiès Act 2011 Acl.). I r•port In r•spad of my examinalw ol the I rvsl's accounts came<J (xrt

Jw s•athi 145 of the 2011 Acl ar￿ in caffying out my examination, I

havè followèd ali the opFAuble ￿feel￿n# wen by Charity Commi88ion uTrJer section 14515Mbl ol Ihe Act Ind•p•nd•nt I have comthted my •xmm•tr'M I corffThi that no matonal matters hav• OXAmln•rf$ $tst¢mont come to my attènI￿Sn In conn•cbon ￿1￿ lh• vknich 9ws m• ca115• to b81v• that in. any malwial resF(a. the accouniing r•cord8 not k•0 wth #eeti¢)n 130 of the Charrties Act." or th• accounls not accord wrth acccwnting iecords.. or tho acct>unls did not comtyy the appkc8bbe requirements eonc•rning forn) and conieni ol accounts set oul in the Ch¥it IAccwnts and Rewtsl Regulli¢)ns 2008 other than any reqvirem?nt ¢h•t lh• account8 grw• a 'true and fair. view which 1$ not • matl•r on$hJor•d as part of an IrKlependent ex3mination I have Th) concerns snd have c¢yne Kross rKJ Other matters In connectlon th Ihe exam1r￿tIon to attentson 3houkJ be drawn In thi$ report In dgr to enotye ¥ wopw uTrJerstandir•J cd lh• eeount# io t• r•achtd. . FY&we d8leie the words in ihè brnc4WS rftrjèy Lt) gpply. Slgn•d." O•t•: Nm•: Dwd Hoppgr R•l•vant prof•ssi•nal qualllle4tloNsl ov body ACCA Addr￿¥. 5 Famcombe Road. Wwlhing. West Sussex BN11 2BE Page 3

Wave Muswell Hill CIO Financial Statements for the Year Ended 31 December 2025 Statement of financial activities for the year ended 31 December 2025 2025 Unrestrirted funds £ 2025 Restricted funds £ 2025 Total funds £ 2024 Total funds £ Incoming Resources Donatlons Charitable Grants- Unrestricted Personal Donations Event Sponsorship Donations Corporate and Other Donations 25.C 20.555 18.290 2.787 25,000 20,555 18,290 2,787 28,000 17,882 15.220 2,617 Totsl Donatlons 66,632 66,632 63,719 Charltable Actlvltle5 Sale of Goods and Services Charltable Grants- Restrlcted 35.570 35,570 14,426 26,925 2.301 14.426 Interest Income 512 512 Total Incornlng Resources 102,714 14,426 117,140 92,945 Resources Expended Direct Charitable Activities Indirect Charitable Activities Raising Funds 69,155 10,043 8.988 13,791 635 82,946 10,678 8,988 56,369 14,507 5.506 Total Re50urce5 Expended 88,186 14.426 102,612 76,382 Net Movement in Funds 14,528 14,528 16,563 Total Funds Brought Forward 45.876 45.876 29,313 Total Funds Carried Forward 60,404 60.404 45.876 Page 4

Wave Muswell Hill CIO Financial Statements for the Year Ended 31 December 2025 Balance sheet as at 31 December 2025 2025 Unrestricted funds £ 2025 Re5trirted funds £ 2025 Total fvnds £ 2024 Total funds £ Current Asset5 Debtors.. Other debtors Prepayments & accrued income Cash at bank Cash in hand 4,907 7,276 42.723 118 3.264 56.931 209 3,264 58,973 209 2,042 60,404 2,042 62,446 55,024 Credltor5: amount5 falllng due wlthln one year Credltors & Accruals.. Deferred income Other creditors 12,0421 12,0421 18,0061 11,1421 Total Net Assets 60,404 60,404 45,876 Fund5 of the Charlty Balance brought forward Surplu5llDeficitl for the year 45.876 14,528 45,876 14,528 29,313 16,563 Total Funds Carrled Forward 60,404 60,404 45,876 Slgned by two trustees on behalf of all the trustees Full name5 Graham Wright Richard Morri5 Posltlon Chair Treasurer Date 24 April 2026 24 April 2026 Page S

Wave Muswell Hill CIO Financial Statements for the Year Ended 31 December 2025 Notes to the accounts l. Basis of preparation 1.1 Basls of account5n8 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 bv Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 issued on 16 July 2014 and with the Charities Art 2011. 1.2 Going concern At the time of approving the accounts. the trustees have a reasonable expectation that the charity has adequate resource5 to continue in operational existence for the foreseeable future. Thu5, the trustees continue to adopt the going concern basis of accounting in preparing the accounts. 2. A¢countln8 poll¢les 2.1 Ac¢ountlng conventlon 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 Charltable fund5 The accounts differentlate between restricted and unrestrlcted funds. All Income received that Is unrestricted can be applied at the discretion of the trustees in furtherance of Wave Hub's charitable objective5. Restricted Income is separated and 15 applied in accordance with the terms specified by the donor. 2.3 Recognition of income All income Is recognised once the charity has entltlement to the Income, there Is sufflclent certainty of recelpt. It Is probable that the Income wlll be recelved and the amount of the income recelvable can be measured wlth 5ufficlent reliobllity. 2.4 Grants and don•tions Grants and donations are only included in the Statement of Financial Artivities 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 ha5 provided the Specified good5 or services as entitlement to the grant only occurs when the performance related conditions are met. 2.5 Oftsetting There has been no offsetting of assets and liabilities. or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Page 6

Wave Muswell Hill CIO Financial Statements for the Year Ended 31 December 2025 Notes to the accounts Icontinuedl 2. Accounting policie5 {rontinued) 2.6 Glft Ald Gift Aid receivable is induded 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 good5 Donated goods are measured at fair value (the amount for vthich the asset could be exchanged) unless Impractical to do so. 2.8 Volunteer help The value of any voluntary help received 15 not included in the accounts but 15 described in the trustees, annual report. 2.9 Interest In¢orne This Is Included In the accounts when receipt Is probable and the amount receivable can be measured rellablv. 2.10 Llablllty recognltion Liobilitie5 are recognised where it is more likely than not that there is a legal or construrtive obligation ommitting the charity to poy out re50urce5 and the amount of the obligation can be measured with reasonable certainty. 2.11 Credltors The charity has creditors which are measured at settlement amounts less any trade discounts. 2.12 Debtors Debtors are measured on Inltial recognition at settlement amount after any trade dlscounts or amount dvanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. 2.13 Irrecoverable VAT Irrecoverable VAT is charged against the category of resources expended for which it Wa5 incurred. 2.14 Governance and trustee costs The charity Sncurs no material governance costs- trustees re￿1ve no remuneration or other benefit and meetings are attended at trustees. own cost. Payments to trustees are limited to relmbursement of amounts expended by them on behalf ofthe charity. 2.15 Examiner fee5 No fees were charged for our independent accountant's examination of these accounts. Page 7

Wave Muswell Hill CIO Financial Statements for the Year Ended 31 December 2025 Notes to the accounts Icontinuedl 3. Paid employees 3.1 Staff costs This year (£1 Last year 1£ Salarie5 and wage5 Social security costs Employment allowance Pension costs Idefined contribution stheme) Other employee benefits 54,706 5.288 {5.2881 1,641 42,688 2,022 12.0221 1,282 Total staff costs 56,347 43,970 No employees received employee benefits (excluding employer pension costs) for the reporting perlod of more than £60,IXNJ. 3.2 Staff penslon xheme 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 number Last year number The parts of the charity in which the employees work.. Fundraising Charitable activities Governance Other Total 4. Transactlons wlth trustees and related partles 4.1 Trustee remuner?tlon and beTheflts 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 Transartion{sl with related partie5 There have been no related party transactions in the reporting period or the prior year. Page 8

Wave Muswell Hill CIO Finanaal Statements for the Year Ended 31 December 2025 Notes to the accounts Icontinuedl 5. Charitylund5 5.1 Detalls of materlal funds held and movements durfng the CURRENT reportln8 perlod Fund Type PE. balances EE Ror brought UR ' Purpose and Re5trirtion5 forward Income Fund balance5 carrled forward Expend- iture Fund name5 Beacon Lodge Charltable Trust Haringey Community Collaborative Haringey Glvlng, The Alleviate Fund Haringey Glvlng, Together We Can Fund Art Psychotherapist-led after-school club 3,600 13,6001 VCS Challenge Fund Art Psychotherapist-led workshops Art Psychotherapist-led workshops Provide work experience to pupils wlth autlsm 2,962 12,9621 14,4061 3,125 13,1251 TreeHou5e School 333 13331 Other funds UR NIA 45,876 102,714 188,1861 45.876 117.140 1102,6121 60,404 Totsl Funds 60,404 5.2 Oetalls of materlal funds held and movements during the PREVIOUS reportSn8 perlod Fund Type PE, balances EE Ror brought UR ' Purpose and Restriction5 lorward Income Fund balances carried forward Expend- iture Fund narne5 Beacon Lodge Charitable Trust Art P5ychotherapist-led after-school club Fitness classes for holiday club Art Psychotherapist-led workshops 11,4001 Haringey Council 14001 Haringey Giving, The Alleviate Fund 501 15011 Other funds UR NIA 29,313 90,644 174,0811 92,945 176,3821 45,876 Total Funds 29,313 45,876 * Key." PE- permanent endowmentfunds. EE- expendible endoWn￿nt]unds.' R- restrkted IncomeAunds. including speciol trusts. oAthe chority.. ond UR- unrestrirtedfvnds Page 9

Wave Muswell Hill CIO Financial Statements for the Year Ended 31 December 2025 Notes to the accounts (continued) 5. Charlty funds lcontlnued) 5.3 Deferred income- Restricted funds This year 1£) Last year 1£) Deferred income brought foThvard Deferred Income arising in the year Deferred income released in the year 8.462 114,426) 8,006 Deferred income carried forward 2,042 8,006 Restricted grants received that are subjert 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 reco8nition are met. Page 10

WA ve VE H U B www.wavehub.o .uk email.. info wavehub.or .uk

CHARITY (OMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Ind•wid•nt Ex•nln•rfs Report Roport to th¢ tru$tO0 Wave Muswell Hill CIO On accounts lor th• y•ar 31 Oecember 2025 Ch•rity Tho Ilf •nyl 1171421 Sol ¢xrt on w9•• tf•7ww t9 p•J• nwrf>•rs ol adthK>MI sh••tyi I report lo the trustees on my examinalKJn of the ae¢wnls of the a￿¥ chanly 1.the Trust-) for t￿ year eTrJed 3111212025 Responslbllltleg and basis ol report As the thafty's Iruslees. YC￿ are respxJn￿tle lor the preparatDn ol the acc¢)unls In accordance wth the reqU1￿mentS of the Charrties Ad 2011 Ilhe Ad") I rep)rt m respKt ol my examin41th ol I rust' •ccounts camed OLrt under seeiion 145 of Ihe 2011 Act and in carying out my examination, I have followed ￿1 the •p￿4￿able Oirections given by the Charity Commi$8ion Lw¥Jer seclion 1495Mbl ol the A¢t. Indap•rtd•nt I have completed my examin'on. l eorfvm thai no material matters have examlnerf• $tatem•nl come lo my arten1￿ in connection ¥￿h whth mo cause lo bglieve that In, any maierial resF4ct the accourrtjng record8 not ke0 kn aco)rdarte with seth¢)n 130 of the Charit￿$ Ad.. or the accounts ¢Jd nol accord wth the accounting iecords,, or the accounts thd not comply with the app￿Ca￿e requirements conceming Ihe lomi and conteni of accounts sel ¢Xrt In the Charit￿5 (A￿￿1$ and ReFQrtsl Regula140ns 2CQ8 other than any requirem•rbl that the acetyjnts give a 'true and lair. view which is nol a matt8f conwdered as part ol an irthpenderm examinati I have no concerns and have come across no other matters in connection th tts examination to vthich attenbon $hwld t¢ drawn In this report In ordor to enable a yoper underslandiThJ al the a¢¢ounls to be ffjached. . Ple8se dgfete Ihe wwds m Ihe br8ckeÉ$ rfthey t) nd apply, Slgn•d: D•t•: Nam•: DavKI Hopter Relevanl professlonal ACCA qualificationlsl or body lif any): Addr•s8". S Famcombe Road. Worthing. Wesl Sussex BN112BE IER Oct 2018