Registered number.. N1039420 Charity number: NIC100204 WAVE TRAUMA CENTRE (A company limited by guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
WAVE TRAUMA CENTRE (A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023 Restricted Unrestricted fund5 funds 2023 2023 Total funds 2023 Total funds 2022 Note Income from: Donations and legacies Ch8ritable activities other trading activities Investments 14,799 14,799 3,441,761 11,049 1,571 19,060 2,984, 735 4,307 976 3,441,761 11,049 1,571 Total income 3,441.761 27,419 3,469,180 3,009, 078 Expenditure on: Raising funds Charitable activities 2,826 3,383,088 2,195 4,660 5,021 3,387,748 10,811 2,761,716 Total expenditure 3,385,914 6,855 3,392,769 2, 772,527 Net income before net (losses)Igains on invèstments Net {losses)19ains on investm9nts 55,847 20,564 (7.921) 76,411 (7,921) 236,551 4, 134 Net movement in funds 55,847 12,643 68,490 240, 685 Reconciliation of funds: Total funds brought forward Net movement in funds 818,519 55,847 476,135 12,643 1,294,654 68,490 1,053,969 240,685 Total funds ¢arried forward 874,366 488,778 1,363,144 1,294, 654 The Statement of financial activilies includes all gains and losses recognised in the year. The notes on pages 31 to 59 form part of these flnancial statements. Paqg 27
WAVE TRAUMA CENTRE (A company limited by guarantee) REGISTERED NUMBER: N1039420 BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Note Fixed assets Intangible assets Tanglble assets Investments 13 14 9,098 688,255 69,489 16,855 711,858 77,411 15 766,842 806,124 Current assets Debtors Cash at bank and in hand 16 357,918 542,151 532,252 442.368 900,069 974,620 Creditors.. amounts falling due within one year 17 {303,7671 (486, 090) Net current assets 596,302 488,530 Total assets less current liabilities 1,363,144 1,294,654 Net assets exGluding pension asset 1,363,144 1,294, 654 Total net a55ets 1,363,144 1,294,654 Charity funds Restricted funds Unrestricted funds 19 19 874,366 488,778 818.519 476,135 Total fund5 1.363,144 1,294,654 The Trustees acknowledge their spOnsibl11t18S for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small Gompanies regime. The financial statements We approved and authorised for issue by the Trustees on 30 September 2023 and signed on Iheir behalf by= Paga 28
WAVE TRAUMA CENTRE (A company limited by guarantee) REGISTERED NUMBER: N1039420 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2023 Drma nnon-Fletcher The notes on pages 31 to 59 form part of these financial ststements. Page 29
WAVE TRAUMA CENTRE IA company limited by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Cash flows from operating activities Nel cash used in operating activities 99,783 108,564 Cash flows from investTng activities Net cash provided by Investing actlvlties Cash flow5 from financing activities Net Gash provided by financing activlties Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year 99,783 108,564 442,368 333.804 Cash and cash equivalents at the end of the year 542,151 442,368 The notes on pages 31 10 59 form part of these financial slatements Page 30
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 General information WAVE Trauma Centre is a company limited by guarantee. The company is incorporated in Northern Ireland and has the company number N1039420. The registered office address and principal place of business is 5 Chichester Park Soulh, Belfast, BT15 5DW. The principal activity of the company is to SUPPOrt those bereaved and imjured as a result of The Troubles. Accounting policies 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP IFRS 102) Accounting and Reporting by Charities: Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. WAVE Trauma Centre meets the definition of a public beneflt entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwlse stated in the relevant accounting policy. 2.2 Income All income is recognised once the Company has entitlem8nt lo the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. The recognition of income from legacies is depend8nt on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. EvidenGe of entitlement lo a legacy exists when the Company has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in queslion will not be required lo satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable. which will generally be tha expected cash amount to be distributed to the Company, can be reliably measured. Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is rec8ived, the income is accrued. Income tax recoverable in relation to invesbnent income is recognised at the time the investment income is receivable. Page 31
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies (oontlnued) 2.3 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can b& measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support cosls 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 8re not attributable lo 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. Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading, Expenditure on charitable activities is irscurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2.4 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company,. this is normally upon notification of the interest paid or payable by the inslitulion with whom the funds are deposited. 2.5 Intangible assets and amortisation Intangible assets C05ting £500 or mare are capitalised and recognised when future economlc benefits are probable and the cost or value of the asset Can be measured r81iably. Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Amortisation is provided on intangible assets at rates calculated to write off the cost of each asset on a straight-line b8sis over ils expected useful life. Amortisatlon Is provided on the following basis: Licence5 20 0/0 Straight line 2.6 Tangible fixed assets and depreciation Tangible fixed assets C05ting £500 or more ar8 capitali5ed and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After r8cognition. under the cost madel, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangibl8 fsxed asset into its intended working condition should be included in the measurement of cosl. Page 32
WAVE TRAUMA CENTRE (A company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies (contlnued) 2.6 Tangible fixed assets and depreciatlon (contlnuedl Depreciation is charged so as to allocate the c05t of tangible fixed assets less their residual value over their estimated useful lives, Depreciation is provided on the following bases: Freehold property Fixtures & fittings Motor vehicles Fixture5 and fittings Computer equipment 25 /0 Straight line 25 /0 Straight line 250/0 Straight line 25C/o Straight line 2.7 Investments Fixed asset investments are a form of financial instrument and aro initially recognised at their transaction cost and subsequently rneasured al fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Invgstment gains and losses, whether realised or unrealised, are combined and presented as 'GainsllLossesl on investments, in the Statement of financial activities. Investments held a5 fixed assets are shown at cost less provision for impairment. 2.8 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid nel of any trade discounls due. 2.9 Cash at bank and in hand Cash at bank and In hand includes cash and short-term highly Ilquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2.10 Liabilities and provisions Liabilities are recognised when there is an obligation 8t the Balance sheet date as a result of a past event. it is probable that a transfer of economic benefit will be required in settlement, and Ihe amount of the settlemenl can be estimated reliably. Liabilities are recognised at the amount that the Company antlcipates il will pay lo settle the debt or the amount it has received as advanced payments for the good5 or services it must provid8. Provlslons are measured at the best estimate of the amounls required to settle the obligalion. Where the effect of the time value of money is material. the provision is based on Ihe present value of those amounts, discounted at the pre-tax discount rate Ihat reflects the risks specific to the liability. The unwinding of the discount is r8cognised in thg Statemant of financial activities as a finance cost. Paqe 33
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies (continued) 2.11 Flnan¢ial instruments The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognise(S at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.12 Pensions The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to th8 fund in respect of the year. 2.13 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance wilh specific restrictions imposed by donors or whiGh have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statement5. Investment income, gains and losses are allocated to the appropriate fund. Paoe 34
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Income from donations and legacies Unrestricted funds 2023 Total funds 2023 Staff donations G.A.Y.E Other donations Other voluntary income 10,593 4,206 10,593 4,206 14,799 14.799 UnrestriGted funds 2022 Total funds 2022 Other donations Other voluntary income 17,390 1,670 77.390 1,670 19,060 19,060 Page 35
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Income from charitable activities Restrlcted funds 2023 Total funds 2023 Victims Support Programme Belfast City Council TEO 1.805,730 5,000 221,492 319,429 39,066 480,438 1,805,730 5,000 221,492 319,429 39,066 480,438 HIA HWB Contract MBMLW PEACE IV BHSCT National Lottery Community Fund VSS - TPDPS Department of Foreign Affairs Funds Ireland Training income 4,735 446,676 280 37.631 81.284 4,735 446,676 280 37,631 81,284 3,441,761 3,441,761 PEACE IV PEACE IV Trauma Education 134,833 PEACE IV HWB 217,658 PEACE IV Training 20,103 PEACE IV Social Isolation 62,279 PEACE IV Peacebuilding 23,516 PEACE IV RLE 10.000 PEACE IV FamilyTherapy TEO TEO GAP Trauma Education 101,504 TEO GAP HWB & Advocacy 118,462 TEO 221,492 480,438 Page 36
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Income from charitable activities (continued) Restricted funds 2022 Total funds 2022 Victims Support Programme PEACE IV Training PEACE IV Trauma Education HIA HWB Contract PEACE IV Social Isolation PEACE IV HWB BHSCT National Lottery Community Fund VSS-TPDPS PEACE IV Peacebuilding Funds Ireland Training income 1,597.515 8.934 177,012 514.687 37,945 260,911 34, 136 2,231 311,464 226 4, 502 35,172 1.597,515 8, 934 177,012 514.687 37.945 260,911 34,136 2,231 311,464 226 4,502 35,172 2,984, 735 2,984, 735 Income from other trading activities Income from fundraising events Unrestricted funds 2023 Total funds 2023 Fundraising events Compensation Agency 10.884 165 10,884 165 11.049 11.049 Page 37
WAVE TRAUMA CENTRE {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Income from other trading a¢tlvities (continuedl Income from fundraising events (continued) Unrestricted funds 2022 Total lunds 2022 Fundraising ev8n15 Compensation Agency 4,202 105 4,202 105 4,307 4,307 Investment income Unrestricted funds 2023 Total funds 2023 Income from UK listed investments Bank interest receivable 1,392 179 1,392 179 1,571 1,571 Unrestricted ftinds 2022 Total funds 2022 Income from UK listed investments Bank interest receivable 974 974 976 976 Page 38
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Expenditure on raising funds Costs of raising voluntary income Restricted Unrestricted funds funds 2023 2023 Total funds 2023 Raising funds Allocated centrally incurred fundraising and governance costs 216 216 2,826 1,979 4,805 2,826 2.195 5,021 Paqe 39
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Expenditure on raising funds (Gontinued) Cost5 of raising voluntary income (continupdl Restricted UnTrstricted fLJnds funds 2022 2022 Total funds 2022 Raising funds Allocated centrally incurred fundraising and governance costs 216 216 2.826 7, 769 10.595 2. 826 7,985 10,811 Analysis of expenditure on charitable activities Summary by fund type Restricted Unrestricted funds fund5 2023 2023 Total 2023 Victims Support Programme TPDPS Department of Foreign Affairs Other Charitable Activities Local Government TEO 1,756,256 443,801 280 117,285 6.526 219,968 317.428 458.961 39.067 18.781 4,735 1,756,256 443,801 280 121.945 6,526 219,968 317,428 458,961 39,D67 18,781 4,735 4.660 HIA HWB Contract PEACE IV MBMLW Funds Ireland National Lottery Community Fund 3,383,088 4,660 3,387.748 Paoe 40
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Analysis of expenditure on charitable aGtivities (continued) Summary by fund type (continued) PEACE IV PEACE IV Trauma Education 114,102 PEACE IV HWB & Advocacy 217,659 PEACE IV Training 20,103 PEACE IV Social Isolation 61,531 PEACE IV Peacebuilding 23.516 PEACE IV RLE 10,000 PEACE IV Farnily Therapy TEO TEO GAP HWB & Advocacy 118,463 TEO GAP Trauma Education 101505 219,968 458,961 Restricted Unrestrict8d funds funds 2022 2022 Total 2022 Victims Support Programme Belfast Health & Social Care Trust TPDPS PEACE IV Social Isolation Other Charitable Activities Local Government PEACE IV Trauma Education & Training HIA HWB Contract PEACE IV HWB & Advocacy PEACE IV Peacebuilding Funds Ireland National Lottery Community Fund 1.528.772 40,374 305.420 38. 786 119,221 140 198,805 257.917 260,911 226 4.502 2,231 1,528, 772 40.374 305,420 38, 786 123,632 140 198.805 257,917 260.911 226 4, 502 2,231 4.411 2, 757.305 4,411 2,761,716 Page 41
WAVE TRAUMA CENTRE (A Gompany limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Analysis of expenditure by activities Actlvlties undertaken directly 2023 Support costs 2023 Total funds 2023 Victims Support Programme TPDPS Department of Foreign Affairs other Charitable Activities 1,539,281 428,568 280. 18,110 6,526 218,321 268,294 455,614 35,340 216,975 15,233 1,756,256 443,801 280 121,945 6,526 219,968 317,428 458,961 39,067 18,781 4,735 103,835 Local Government TEO HIA HWB Contract 1,647 49,134 3,347 3,727 18.781 PEACE IV MBMLW Funds Ireland National Lottery Community Fund 4,735 2,975,069 412,679 3,387,748 Page 42
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Analysls of expenditure by activlties (contlnuedl Activities undertaken directly 2022 Support costs 2022 Total funds 2022 Victims Support Programme Belfast Health & Sooial Care Trust TPDPS PEACE IV Social Isolation other Charitable Activities Local Government PEACE IV Trauma Education & Training HIA HWB Contract PEACE IV HWB & Advocacy PEACE IV Peacebuilding Funds Ireland National Lottery Community Fund 1,329.981 36.348 296,341 38. 786 31,018 140 198.805 214,644 258, 809 226 198.791 4, 026 9.079 1,528, 772 40.374 305,420 38, 786 123, 632 140 92.614 198,805 257.917 260,911 226 43,273 2,102 4, 502 4.502 2,231 2,231 2,407,329 354,387 2,761,716 Analysis of direct costs Vlctlms Support Programme 2023 Other Charitable Activities 2023 BHSCT 2023 TPDPS 2023 DOFA 2023 staff costs Counselling expenses Complementarytherapy Software Lic9n¢e Programme costs Membership fees Recruitment costs Printing, postsge & stationery Supervision costs 965,245 299,437 130,008 14,109 91.737 904 6,896 30,855 90 419,927 7,295 (180) 2,997 280 11.191 1,820 1.786 2,038 (196) 1.539,281 428.568 280 18.110 Page 43
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Analysis of expenditure by actlvities (continued) Analysis of dlrect costs (continued) Local Government 2023 HIA HWB Contract 2023 TEO 2023 PEACE IV 2023 MBMLW 2023 Staff St8 Counselling Expenses Complementary therapy Software Licence Programme costs Membership fees Recruitment costs Printing, postage & stationery Supervision costs 174,331 185,032 43,224 7,620 2,823 24,897 310,540 31.818 735 480 58 1,681 6,526 40,552 127,343 129 2,514 2,055 43 210 315 3,438 17,731 6,526 218,321 268,294 455,614 35,340 National Lottery Community Fund 2023 Total funds 2023 staff costs Counselling Expenses Complementary Therapy Software Licence Programme Costs Membership Fees Recruitment Costs Printing, postage & 51ationery Supervision GOStS 2,094,188 343,216 138,108 19,987 308,942 2,724 8,854 35,421 23,629 4,735 4,735 2,975,069 Page 44
WAVE TRAUMACENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Analysis of expenditure by activities {continued) Analysis of direct costs (continued) PEACE IV PEACE IV Trauma Education 114,102 PEACE IV HWB & Advocacy 214,312 PEACE IV Training 20,103 PEACE Vl Social Isolation 61,531 PEACE Vl Peacebuilding 23,516 PEACE VI RLE 10,000 PEACE Vl Family Therapy TEO TEO GAP HWB & Advocacy 116,816 TEO GAP Trauma Education 101505 218,321 455,614 Victims Support Programmo 2022 PEACEIV Social Isolation 2022 Other Charitable Activiligs 2022 BHSCT 2022 TPDPS 2022 Staff costs Counselling expenses Complementary therapy Software Licence Programme costs MembGrship fees Recruitment costs Printing, postage & stationery Supervision costs 986,420 222,868 58.247 15,238 24,366 1,255 2, 703 18,884 34,605 1,050 203.824 78,735 8.400 2.178 12.751 38, 786 17.836 453 2, 746 431 650 1,329,981 36,348 296.341 38, 786 31.018 Page 45
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Analysis of expendlture by activitles {continued) Analysis of direct costs {continuedl PEACE IV Trauma Local Education & Gov9rnm9nl Training 2022 2022 PEACE IV PEACE IV HWB & Peacebuildin Advocacy 2022 HIA HWB Contracl 2022 2022 Staff costs Counselling expenses Complementary therapy Software Licence Programme costs Membership fees Recruitment costs Printing, postage & stationery Supervision costs 134,111 163,508 33,978 1,814 2,146 9.359 244,821 140 64,694 226 457 1.457 1,925 13,988 140 198, 805 214,644 258,809 226 Mational Lottery Community Fund 2022 Total funds 2022 staff costs Counselling expenses Complementary therapy Soare Licenc8 Programme costs Membership fees Recruitment costs Printing, postage & stationery Supervision Gosts 1, 780,040 336.771 68.461 19,562 157.498 1,708 6,337 20.389 Y6.563 2.231 2.231 2,407,329 Paqe 46
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Analysis of expenditure by activities {continued) Analysis of support costs Victlms Support Programme 2023 other Funds 2023 BHSCT 2023 TPDPS 2023 TEO 2023 Depreci81ion Rent payable Rates & water charges utilities Repairs & maintenance Insurance Premises costs Vehic18 Costs Travelling expenses Computer equipment & software Office furniture & equipment Telephone General expenses 101,732 72,482 2,712 36,874 15,983 9,713 19,493 1,567 16,771 20,041 1,754 18,479 1,106 736 (565) 55 313 68 1,540 294 750 4.390 2.901 622 1,647 5,678 49 505 216,975 15,233 103.835 1.647 Page 47
WAVE TRAUMA CENTRE {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Analysls of expenditure by actlvitiès Icontlnued) Analysis of support costs (continued) PEACE IV HWB& Advocacy 2023 Funds Ireland 2023 Total funds 2023 HIA HWB 2023 MBMLW 2023 Depreciation Rent pay8ble Rates & water charges Utilities Repairs & maintenance Insurance Premises costs Vehicle costs Travelling expenses Computer equipment & SOfare Office furniture & equipment Telephone Genaral expenses 101,732 94,482 3,733 45,649 16,751 13,337 45,145 1,567 29,617 27.882 1,754 28,885 2,145 22.000 285 9.027 645 2,010 5,827 74 18,781 2,272 2,451 3,347 568 2,489 4,132 485 596 49.134 3,347 3,727 18,781 412,679 Page 48
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Analysis of expendlture by actlvlties (continued) Analysis of support costs (contlnued) Victims Support Programme 2022 Other Charitable Activities 2022 PEACE IV Trauma Education 2022 BHSCT 2022 TPDPS 2022 Depreciation Rent payable Rates & water ¢h8rges Utilities Repairs & maintenance Insurance Premises costs Travelling expenses Computer equipment & SOfare Telephone General expenses 90,213 70,300 2. 136 22,146 39, 829 7,051 12,147 4.595 24,271 14,722 1,594 794 916 2, 754 1.043 4, 022 2, 733 1.227 54 855 397 20 691 798,791 4.026 9,079 92,614 PEACE IV HWB& Advocacy 2022 HIA HWB ContraGI 2022 Funds Ireland 2022 Total funds 2022 TPDPS 2022 Depreciation Rent payable Rales & water charges utilities Repairs & maintenance Insurance Premises costs Travelling expenses Computer equipment & sofr9 Telephone General expensos 90,213 86.556 3,018 27.974 49.958 12,185 17,849 12,359 32. 765 18.952 2.558 16,256 88 5,828 9,213 1.337 1,200 1.640 4, 906 2, 606 199 4, 502 2,102 43,273 2,102 4,502 354,387 Page 49
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Analysis of expendlture by activlties (continued) Analysis of support costs (continued) 10. Auditors. remuneratlon 2023 2022 Fees payable to the Company's auditor for the audit of Ihe Companls annual accounts 2,800 2,800 11. staff costs 2023 2022 Wages and salaries Social security costs Contribution to defined contribution pension schemes 1,778,627 171,633 143,928 1,523,217 132,583 124,240 2,094,188 1, 780,040 The average number of persons employed by the Company during the year was as follows: 2023 2022 Outreach, Youth and Admin staff Manager and supervisory staff 50 14 17 73 64 No employee received remuneration amounting to more than £60,000 in either year. 12. Trustees, remuneration and expenses During the year, no Trustees received any remuneration or other benefits (2022 ~ £NIL). During the year ended 31 March 2023. no Trustee expenses have been Incurred (2022 - £NIL). Page 50
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 13. Intangible assets Licences Cost At 1 April 2022 37,934 At 31 March 2023 37,934 Amortisation At 1 April 2022 Charge for the year 21,079 7.757 At 31 March 2023 28,836 Net book value At 31 March 2023 9,098 At 31 March 2022 16,855 Page 51
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 15. Fixed asset investments Other fixed Listed asset investments investments Total Cost or valuation At 1 April 2022 Revaluations 70,085 {2,624) 7,326 (5,298) 77,411 17,9221 At 31 March 2023 67,461 2,028 69,489 Net book value At 31 March 2023 67,461 2,028 69,489 At 31 March 2022 70, 085 7,326 77.411 16. Debtors 2023 2022 Due within one year Trade debtors Propayments and accrued income 293,655 64,263 466,267 65,985 357,918 532,252 17. Creditors: Amounts falling due wlthin one year 2023 2022 Bank overdrafts Trade creditors Other creditors AGGruals and deferred income 183,282 640 119,837 349, 131 4, 708 132,251 303,767 486,090 Page 54
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 18. Financial instruments 2023 2022 Financial assets Financial assets measured at fair value through income and expenditure 542,151 442,368 Financial assets rneasured at fair value through income and expenditure comprise cash at bank & in hand. Page 55
WAVE TRAUMA CENTRE (A company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 19. Statement of funds statement of funds - current year Balance at 31 March 2023 Balance at 1 April 2022 Gainsl (Losses) Income Expenditure Unrestrlcted funds General Funds 1 476,135 27,419 (6,855) (7,9211 488,778 Restricted funds Restricted Fund 1 818,519 3,441,761 13,385,914) 874,366 Total of funds 1,294,654 3,469,180 13,392,769) (7,921) 1,363,144 Page 56
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 19. Statement of funds (continued) statement of funds prior year Balance al 31 March 2022 Balanc9 al 1 April 2021 Gainsl (Losses) Incom8 Expendilure Unrestrlcted funds General Funds 1 460, 054 24,343 (12,396) 4, 134 476,135 Restricted funds Restricted Fund 1 593,915 2,984, 735 (2. 760.131) 818.519 Total of funds 1, 053,969 3,009,078 (2, 772,527) 4.134 1, 294, 654 20. Summary of funds Summary of funds - current year Balance at 31 March 2023 Balance at 1 Aprll 2022 Galnsl (Losses) Income Expenditure General funds Restricted funds 476,135 818,519 27,419 3,441,761 {6,855) (3,385,914) (7,921) 488,778 874,366 1,294,654 3,469,180 13,392,769) (7,9211 1,363,144 Summary of funds - prior year Balance al 31 March 2022 Balance al l April 2021 Gains/ (Losses) Incom9 Expenditure General funds Restricted funds 460,054 593,915 24,343 (12,396) 2, 984, 735 {2. 760. 131) 4, 134 476. 135 818,519 1,053,969 3,009,078 (2, 772.527) 4, 134 1,294. 654 Page 57
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 21. Analysis of net assets between funds Analysis of net assets between fund5 - current year Restricted Unrestricted funds funds 2023 2023 Total fund5 2023 Tangible fixed assets Intangible fixed assets Fixed asset investments Current assets Creditors due within one year 636.531 8,614 51,724 484 69,489 367,081 688,255 9,098 69,489 900,069 (303,7671 532.988 1303,767) Total 874,366 488,778 1,363,144 Analysis of net assets between funds - prior year Re5tnGted Unrestricted funds funds 2022 2022 Total funds 2022 Tangible fixed assets Intangible fixed assets Fixed asset investments Current assets Creditors due within one year 655,928 15,121 55,930 1, 734 77,411 341,060 711,858 16.855 77,411 974.620 (486, 090) 633,560 (486,090) Total 818.519 476, 135 1, 294,654 Page 58
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 22. Reconciliation of net movement in funds to net cash flow from operating activities 2023 2022 Net income for the year (as per Statement of Financial Activities) 68,490 240.685 Adjustments for: Depreciation charges Gainsl{losses) on investments Decreasel{increase) in debtors Increasel{decreasel in creditors Purchase of fixed assets 101,731 90,213 7,921 (4, 134) 174,335 (89,125) (182,323) 199,648 (70,371) (328. 723) Net cash provlded by operatlng actlvitles 99,783 108,564 23. Analysis of cash and cash equlvalent5 2023 2022 Cash in hand 542,151 442,368 Total cash and cash equivalents 542,151 442,368 24. Analysis of change5 in net debt At 1 April 2022 Cash flows At 31 March 2023 Cash at bank and in hand Bank overdrafts repayable on demand 442,368 99,783 {8) 542.151 (81 442,368 99,775 542,143 25. Pension commitments The company operates a defined Gontribution pension scheme. The assets of the scheme are held separately in an independently administered fund. The pension c05t charge represents contributions payable by the company to the fund and amounted to £143,928 (2022- £124,240). Page 59