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2022-04-30-accounts

NORTHERN BRAINWAVE APPEAL

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

CHARITY NUMBER 700202

NORTHERN BRAINWAVE APPEAL

Contents

Contents
Page
Reference and administrative details 1
Trustees' report 2 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 11

NORTHERN BRAINWAVE APPEAL

Reference and administrative details Year ended 30 April 2022

Charity number

700202

Trustees

Professor A D Mendelow District Judge A M Large Dr I Schofield D Holliman M Patterson C Gan P Crerar Dr C J A Cowie Dr M A Hussain A Mountain

Deceased 9 January 2023 Resigned 26 May 2022

Appointed 26 May 2022 Appointed 26 May 2022 Appointed 26 May 2022

Principal Office

59 Edge Hill Darras Hall Ponteland Newcastle upon Tyne NE20 9RR

Independent examiner

John Oswald BA FCA Stephenson Coates Audit Limited West 2, Asama Court Newcastle Business Park Newcastle upon Tyne, NE4 7YD

1

NORTHERN BRAINWAVE APPEAL FOR THE YEAR ENDED 30 April 2022

The Trustees present their annual report together with the financial statements of Northern Brainwave Appeal for the year ended 30 April 2022.

Objectives and Activities

POLICIES AND OBJECTIVES

The charity's objectives are to raise funds for the purchase, lease or acquisition in whatsoever manner of equipment for the high dependency units at the Royal Victoria Infirmary and for research for the benefit of persons requiring specialised treatment in these units.

PUBLIC BENEFIT

The Trustees have considered the guidance issued by the Charity Commission in relation to public benefit and believe that the charity meets these requirements through its objectives and activities.

GRANT MAKING POLICIES

Grants for the purchase of medical equipment are issued at the discretion of the trustees and in line with the objectives of the charity.

Achievements and Performance

REVIEW OF ACTIVITIES

The Northern Brainwave Appeal has continued to raise funds for the provision of equipment for Neuro patients in the Regional Neurosciences Centre. Research in Neurosurgery also continues to be supported. During the year total grants of £41,200 (2021: £66,342) were awarded.

Financial

The principal funding source continued to be donations from private individuals. The income in the year from these sources amounted to £63,013, which includes a donation from the estate of D Stockhill of £59,987. An additional donation was received from the Newcastle Neurosurgery Foundation Limited of £4,206. At 30 April 2022 the charity had net income for the year of £24,699.

PRINCIPAL RISKS AND UNCERTAINTIES

The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to major risks.

2

RESERVES POLICY

It is policy of the charity that unrestricted funds which have not been designated for specific use should be maintained at a level to the equivalent of between three and six months expenditure. The trustees consider that reserves at this level will ensure that , in the event of a significant drop in funding, they will be able to continue the charity's current activities whilst consideration is given to ways in which additional funds may be raised. This level or reserves has been maintained throughout the year.

Structure, Governance and Management

CONSTITUTION

The charity was established by charitable trust deed on 16 April 1988.

METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

Trustees are elected from, and by, membership and are confirmed at the Annual General Meeting.

TRUSTEES' RESPONSIBILITIES STATEMENT

Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Trust and of its financial activities for the year. In preparing those financial statements generally accepted accounting practice entails that the Trustees:

The Trustees are required to act in accordance with the Trust Deed and the rules of the Trust within the framework of trust law. They are responsible for keeping accounting records which are sufficient to show and explain the Trust’s transactions and to disclose with reasonable accuracy at any time the financial position of the Trust, and to enable them to ensure that any statements of account comply with the requirements of the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the Trust and to prevent and detect fraud and other irregularities.

This report was approved by the trustees on 2 March 2023 and signed on their behalf by :-

Professor A D Mendelow Chairman

3

Independent Examiner’s Report to the Trustees of Northern Brainwave Appeal

I report to the Trustees on my examination of the accounts of the above charity for the year ended 30 April 2022.

Responsibilities and basis of report

As the charity’s trustees, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011(‘the Act’). You consider that the audit requirements of section 144 of the 2011 Act do not apply and that an independent examination is required.

Having satisfied myself that the financial statements are not required to be audited, I report in respect of my examination of the financial statements carried out under section 145 of the 2011 Act. In carrying out my examination, I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

(1) accounting records were not kept in respect of the charity as required by section 130 of the Act; or

(2) the financial statements do not accord with those records; or

(3) the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

John Oswald BA FCA Stephenson Coates Audit Limited

Chartered Accountants West 2, Asama Court Newcastle Business Park Newcastle upon Tyne NE4 7YD

Date 02 March 2023

4

NORTHERN BRAINWAVE APPEAL

Statement of financial activities (Incorporating Income and Expenditure Account) Year ended 30 April 2022

Note
Analysis of Income
Donations and legacies
2
Income from investments
3
Total income
Analysis of expenditure
Raising funds
Charitable activities
Total expenditure
4
Net income/(expenditure)
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
Restricted
funds
Total funds
2022
2022
2022
£
£
£
67,219
-
67,219
82
-
82
67,301
-
67,301
6
-
6
42,596
-
42,596
42,602
-
42,602
24,699
-
24,699
66,507
3,000
69,507
91,206
3,000
94,206		 Total funds
2021
£
10,871
459
11,330
7
68,775
68,782
(57,452)
126,959
69,507

5

NORTHERN BRAINWAVE APPEAL

Balance sheet As at 30 April 2022

Note
Fixed Assets
Tangible assets
6
Current Assets
Stock
8
Debtors
9
Cash at bank & in hand
Creditors: due within one year
10
Net current assets
Creditors: due after one year
Net Assets
Funds
Unrestricted
11
Restricted
11		 £
£
33
60
3,191
134,522
137,773
43,600
94,173
-
94,206
`
91,206
3,000
94,206
2022		 £
£
39
60
3,191
67,417
70,668
1,200
69,468
-
69,507
66,507
3,000
69,507
2021

These accounts were approved by the trustees on 2 March 2023 and were signed on their behalf by:

………………………………………………………………… Professor A D Mendelow, Trustee

6

Northern Brainwave Appeal

Notes to the financial statements

for the year ended 30 April 2022

1 Accounting policies

Basis of preparation

The financial statements are prepared under the historical cost convention.

The financial statements 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 UK and Republic of Ireland (FRS 102), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Income

Donations are generally accounted for when received by the Trust, including provision for any gift aid recoverable. Income from functions and projects is recognised as earned. Investment income is recognised on a receivable basis.

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that the transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The cost of each activity is made up of the total of direct and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent and depreciation charges allocated on the portion of the asset's use.

Grants payable are charges in the year when the offer is made except in those case where the offer is conditional, such grants being recognised as expenditure when the conditions attached are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment but not accrued as expenditure.

7

Northern Brainwave Appeal

Notes to the financial statements (continued)

for the year ended 30 April 2022

Voluntary assistance

Time is expended on the Charity’s activities and governance which is donated free of charge. It is impractical to quantify the value of the time given, and accordingly it is neither recorded as donated income nor as an expense in the financial statements.

Taxation

As a registered Charity, the Trust is generally exempt from income tax and capital gains tax, but not from VAT, however the Charity is able to obtain an exemption to VAT for medical equipment purchased. Irrecoverable VAT is included in the cost of those items to which it relates.

Restricted income

Donations and legacies for specific purposes are credited to restricted funds and expenditure for these purposes is charged to the funds.

Tangible fixed assets and depreciation

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at

Equipment 15% Reducing balance basis

2 Income from donations and legacies

Donations 2021
10,871
10,871
Restricted funds 2022
Unrestricted funds
2022
Total Funds 2022
67,219
-
67,219
67,219
-
67,219

3 Investment income

Interest receivable 2021
459
459
Unrestricted funds
2022
Restricted funds 2022
Total Funds 2022
82
-
82
82
-
82

8

Northern Brainwave Appeal

Notes to the financial statements (continued) for the year ended 30 April 2022

4 Analysis of resources expended by expenditure type

Depreciation and loss
on disposal 2022 Other costs 2022 Total 2022 2021
Expenditure on raising
voluntary income 6 - 6 7
` Grants payable
Expenditure on
governance (note 5)		 -
6
-		 41,200
.
1,396		 41,200
6
1,396		 7
66,342
2,433
6 42,596 42,602 68,782

There were no employees during the year and there was no remuneration paid.

No remuneration directly or indirectly out of the funds of the Charity was paid or payable for the year to any Trustee or to any person or persons known to be connected with any of them.

5 Governance costs

Independent
examination fee
Bookkeeping and
administrative		 2021
1,200
1,233
2,433
Unrestricted funds
2022
Restricted funds 2022
Total 2022
1,396
-
1,396
1,396
-
1,396
-
-
-

9

Northern Brainwave Appeal

Notes to the financial statements (continued) for the year ended 30 April 2022

6
Tangible fixed assets
Cost
As at 1 May 2021
As at 30 April 2022
Depreciation
As at 1 May 2021
Charge for year
As at 30 April 2022
Net Book Value
As at 30 April 2022
As at 30 April 2021
8
Stock
Stock
9
Debtors
Tax recoverable
10
Creditors: Amounts falling due within one year
Accruals
11
Statement of funds
Unrestricted funds
General funds
Restricted funds
J M Atkinson legacy
Total funds		 Brought
forward
66,507
3,000
69,507		 2022
2021
60
60
2022
2021
3,191
3,191
3,191
3,191
2022
2021
43,600
1,200
43,600
1,200
Income
Expended
Carried
forward
67,301
42,602
91,206
-
-
3,000
67,301
42,602
94,206
Equipment
500
500
461
6
467
33
39

The legacy received from the late Jean Marjorie Atkinson is to be used specifically within Professor Mendelow's research department.

10

Northern Brainwave Appeal

Notes to the financial statements (continued) for the year ended 30 April 2022

12 Analysis of net assets between funds

Unrestricted funds
2022 Restricted funds 2022 Total funds 2022 2021
Expenditure on raising
Tangible fixed assets 33 - 33 39
Current assets 134,773 3,000 137,773 70,668
Current liabilities (43,600) - (43,600) (1,200)
91,206 3,000 94,206 69,507

11