RegFStered number.. N1039420 Charity number: NIC100204 WAVE TRAUMA CENTRE {A company limitsd by guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
WAVE TRAUMA CENTRE (A company limited by guarantee) CONTENTS Page Reference and administrative details of the Company, its Trustees and advisers Trustees. report Independent auditors. report on the financial statements statement of financial activities 2-22 23-26 27 Balance sheet 28-29 statement of cash flows 30 Notes to the flnancial statements
WAVE TRAUMA CENTRE (A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustees Cathy Mccann, Vice Chair Marianne Moutray, Chair Mark Jackson, Secretary (resigned 29 April 2024) Rev Dr David Clements Dennis Godfrey Martin McAnallen Mark Kelly Peter Heathwood Prof Tony Gallagher Dr Mary Hannon-Fletcher, Treasurer Jill Caskey Lynne Stevenson Aoife Gormally Company registered number N1039420 Charity registered number NIC100204 Registered office 5 Chichester Park South Belfast BT15 5DW Chief executive officer Sandra Peake Independent auditors Miscampbell & Co. Chartered Accountants and Statutory Auditors 6 Annadale Avenue Belfast BT7 3JH Bankers Ulster Bank Limited 202-206 York Street Belfast BT15 1HY Solicitors Thompson Solicitors 39 Frances Street Newtownards BT23 7DW Page 1
WAVE TRAUMA CENTRE (A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Note Income from: Donations and legacies Charitable activities other trading activities Investments 35,000 4,120,777 41,393 76,393 4,120,777 17,438 3,849 14,799 3,441, 761 11,049 1.571 17,438 3,849 Total income 4,155,777 62,680 4,218,457 3,469, 180 Expenditure on: Raising funds Charitable activities 4,706 4,105,605 16.761 16,566 21,467 4,122,171 5,021 3,387, 748 Total expenditure 4,110,311 33,327 4,143,638 3,392, 769 Net income before net gainsl(losses) on investments Net gainsl{losses) on investments 45,466 29,353 593 74.819 593 76,411 (7.921) Net movement in funds 45,466 29,946 75,412 68,490 Reconciliation of funds: Total funds brought forward Net movement in funds 874,366 45,466 488,778 29,946 1,363,144 75,412 1.294, 654 68,490 Totsl funds carried forward 919,832 518,724 1.438.556 1.363, 144 The Ststement of financial activities includes all gains and losses recognised in the year. The notes on pages 31 to 59 form part of these financial statements. Page 27
WAVE TRAUMA CENTRE (A company limited by guarantee) REGISTERED NUMBER: N1039420 BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Fixed assets Intangible assets Tangible assets Investments 13 2,108 626,206 70,083 9,098 688,255 69,489 14 15 698,397 766, 842 Current assets Debtors Cash at bank and in hand 16 253,740 789,513 357,918 542, 151 1,043,253 900,069 Creditors: amounts falling due within one year 17 (303,094) (303, 767) Net current assets 740,159 596,302 Total assets less current liabilities 1,438.556 1.363. 144 Net assets excluding pension asset 1,438,556 1,363.144 Total net assets 1,438,556 1,363, 144 Charity funds Restricted funds 19 19 919,832 518,724 874,366 488, 778 Unrestricted funds Total funds 1N38,556 1.363, 144 The Trustees acknowledge their responsibilities 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 companies regime. The financial statements were approved and authorised for issue by the Trustees on 30 September 2024 and signed on their behalf by: Page 28
WAVE TRAUMA CENTRE (A company limited by guarantee) REGISTERED NUMBER: N1039420 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2024 Dr Mary (Trustee) annon-Fletcher The notes on pages 31 to 59 form part of these financial statements. Page 29
WAVE TRAUMA CENTRE (A company limited by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Cash flows from operating activities Net cash used in operating activities 247,366 99.783 Cash flows from investing activities Net cash provided by investing actlvitles Cash flows from financing activities Net cash provided by financing activities Change in cash and cash equlvalents in the year Cash and cash equivalents at the beginning of the year 247,366 99,783 542,151 442,368 Cash and cash equivalents at the end of the year 789,517 542, 151 The notes on pages 31 to 59 form part of these financial statements Page 30
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 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 South, 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 preparatlon of financial statements The financial statements have been prepared in accordance with the Charities SORP (FRS 102) Accounting and Reporting by Charitie5- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {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 benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 2.2 Income All income is recognised once the Company has entitlement to 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 dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to 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 propety in question will not be required to 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 the 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 received, the income is accrued. Income tax recoverable in relation to investment 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 2024 Accounting policies (continued) 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 be 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 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 beeen 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 charitsble purposes and includes costs of all fundraising activities events and non-charitable trading. Expenditure on charitable activities is incurred 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 dep051t 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 institution with whom the funds are deposited. 2.5 Intangible assets and amortisation Intsngible assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Intangible assets are initially recognised at cost. After recognition, under the cost model, intsngible 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 basis over its expected useful life. Amortisation is provided on the following basis.. Licences 20 Yo Straight line 2.6 Tangible fixed assets and depreciation Tangible fixed assets costing £500 or more are capitalised 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 recognition, under the cost model. tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Page 32
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (continued) 2.6 Tangible fixed assets and depreciation (continued) Depreciation is charged so as to allocate the cost of tsngible fixed assets less their residual value over their estimated useful lives, Depreciation is provided on the following bases.. Freehold property Fixtures & fittings Motor vehicles Fixtures and fittings Computer equipment 2yo 130/0 Straight line 25 % straight line 259/0 Straight line 25 /0 Straight line 25 /0 Straight line 2.7 Investments Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'Gainsl(Losses) on investments, in the Statement of financial activities. Investments held as fixed assets are shown at C05t 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 net of any trade discounts due. 2.9 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid 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 Llabilities and provisions Liabilities are recognised when there is an obligats-on at 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 the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Whe the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tsx discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. Page 33
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (continued) 2.11 Financial instruments The Company only has financial assets and financial liabilities of a kind that quality as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amorbsed 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 the 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 with specific restrictions imposed by donors or which 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 statements. Investment income, gains and losses are allocated to the appropriate fund. Page 34
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Income from donations and legacies Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Staff donations G.A.Y.E other donations Other voluntary income 35,000 30,807 10.586 65,807 10,586 35,000 41,393 76,393 Unrestricted funds 2023 Totsl funds 2023 Other donations Other voluntary income 10,593 4, 206 10,593 4,206 14.799 14,799 Page 35
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Income from charitable activities Restricted funds 2024 Total funds 2024 Victims Support Programme Belfast City Council TEO HIA HWB Contract MBMLW PEACE IV Public Health Authority National Lottery Community Fund VSS- TPDPS Department of Foreign Affairs Funds Ireland Training income 1,985,532 1.985,532 617.471 491,861 185,982 617,471 491.861 185,982 16,640 46.361 681,442 13.999 16,640 46,361 681,442 13,999 81,489 81,489 4,120,777 4,120,777 TEO TEQ GAP Trauma Education 215,490 TEO GAP HWB & Advocacy 401981 617,471 Page 36
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Income from charitable activities (continued) Restricted funds 2023 Total funds 2023 Victims Support Programme Belfast City Council TEO HIA HWB Contract MBMLW PEACE IV National Lottery Community Fund VSS- TPDPS Department of Foreign Affairs Funds Ireland Training income 1, 805, 730 5,000 221,492 319.429 39, 066 480,438 4, 735 446, 676 280 1,805, 730 5, 000 221,492 319,429 39, 066 480.438 4, 735 446. 676 280 37,631 81,284 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 Family Therapy TEO TEO GAP Trauma Education 101,504 TEO GAP HWB & Advocacy 118,462 TEO 221,492 480,438 Income from other tradlng actlvitles Income from fundraislng events Unrestricted funds 2024 Total funds 2024 Fundraising events Compensation Agency 17,393 45 17,393 45 17,438 17,438 Page 37
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Income from other trading activities (continued) Income from fundraising events (continued) Unrestricted funds 2023 Total funds 2023 Fundraising events Compensation Agency 10,884 165 10,884 165 11,049 11.049 Investment income Unrestricted funds 2024 Total funds 2024 Income from UK listed investments Bank interest receivable 1,808 2,041 1,808 2,041 3,849 3,849 Unrestricted funds 2023 Total funds 2023 Income from UK listed investments Bank interest receivable 1.392 179 1,392 179 1,571 1,571 Page 38
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on raising funds Costs of raising voluntary income Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Raising funds Allocated centrally incurred fundraising and governance costs 216 216 4,706 16,545 21,251 4,706 16,761 21,467 Page 39
WAVE TRAUMA CENTRE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on raising funds (continued) Costs of raÈsing voluntary income (continued) Restricted Unrestricted funds funds 2023 2023 rotal 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 Analysis of expenditure on charitable activities Summary by fund type Restricted Unrestricted funds funds 2024 2024 Total 2024 Victims Support Programme Public Health Authority TPDPS Department of Foreign Affairs other Charitable Activities TEO HIA HWB Contract MBMLW National Lottery Community Fund 1,977,457 16,640 670,258 13.998 99,766 617,471 477,672 185,983 46,360 1,977,457 16,640 670,258 13,998 116,332 617,471 477,672 185,983 46,360 16.566 4,105,605 16,566 4,122,171 Page 40
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysis of expenditure on charitable activities (continued) Surnmary by fund type (continued) TEO TEO GAP HWB & Advocacy 401,981 TEO GAP Trauma Education 215 490 617.471 Restricted Unrestricted funds funds 2023 2023 Total 2023 Victims Support Programme TPDPS Department of Foreign Affairs Other Charitable Activities Local Government TEO HIA HWB Contract PEACE IV MBMLW Funds Ireland National Lottery Community Fund 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 39,067 18,781 4, 735 4, 660 3, 383, 088 4.660 3.387, 748 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 Family Therapy TEO TEO GAP HWB & Advocacy 118,463 TEO GAP Trauma Education 101505 219,968 458,961 Page 41
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysis of expenditure by activities Activities undertaken directly 2024 Support costs 2024 Total funds 2024 Victims Support Programme Public Health Authority TPDPS Department of Foreign Affairs Other Charitable Activities TEO HIA HWB Contract MBMLW National Lottery Community Fund 1,765,264 16,640 646,632 13,998 16,241 617.471 430,446 173,833 45,975 212,193 1,977,457 16,640 670.258 13,998 116,332 617.474 477,672 185,983 46,360 23,626 100,091 47,226 12.150 385 3,726,500 395,671 4,122,171 Activities undertaken d1CtlY 2023 Support costs 2023 Total funds 2023 Victims Support Programme TPDPS Department of Foreign Affairs Other Charitable Activities Local Government TEO HIA HWB Contract PEACE IV MBMLW Funds Ireland National Lottery Community Fund 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 1,647 49, 134 3,347 3,727 18,781 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 2024 Analysis of expenditure by activities (continued) Analysis of direct costs Victims Support Programme 2024 Other Charitable Activities 2024 BHSCT 2024 TPDPS 2024 DOFA 2024 Staff costs Counselling expenses Complementary therapy Software Licence Programme costs Membership fees Recruitment costs Printing, postage & ststionery Supervision costs 1,220,046 264,027 125,080 13.612 102,203 1,106 3,153 28.284 7,753 521,490 96,536 15,000 5,706 11,577 16,640 13,998 4,686 1,810 2,324 1,306 2,460 (22) 1,765,264 16,640 646,632 13,998 16,241 Local Government 2024 HIA HWB Contract 2024 TEO 2024 PEACE IV 2024 MBMLW 2024 Staff costs Counselling Expenses Complementary therapy Software Licence Programme costs Membership fees Recruitment costs Printing. postage & stationery Supervision costs 570,476 311,027 64,570 9,300 2,283 34,568 123.303 15,240 8,220 1,141 24,817 44.905 729 260 107 745 3,844 4,125 2,090 617,471 430,446 173,833 Page 43
WAVE TRAUMA CENTRE (A company limited by guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysis of expenditure by activities (continued) Analysis of direct costs (continued) National Lottery Community Fund 2024 Total funds 2024 Staff costs Counselling Expenses Complementary Therapy Soare Licence Programrne Costs Membership Fees Recruitment Costs Printing, postage & stationery Supervision costs 38,133 2,796.052 440.373 157,600 22.742 249,581 2,916 6,522 33,541 17,173 7,764 78 45,975 3,726,500 TEO TEO GAP HWB & Advocacy 401,981 TEO GAP Trauma Education 215 490 617,471 Page 44
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysis of expenditure by activities (continued) Analysis of direct costs (continued) Victims Support Programme 2023 Other Charitable Activities 2023 BHSCT 2023 TPDPS 2023 DOFA 2023 Staff costs Counselling expenses Complementary therapy Soare Licence Programme costs Membership fees Recruitment costs Printing, postage & stationery Supervision costs 965,245 299,437 130, 008 14, 109 91,737 904 419,927 7.295 (180) 2,997 280 IY,191 1,820 1,786 2, 038 6, 896 30, 855 90 (196) 1,539,281 428, 568 280 18,110 Local Government 2023 HIA HWB Contract PEACE IV 2023 2023 TEO 2023 MBMLW 2023 Staff costs Counselling expenses Complementary therapy SOare 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 Page 45
WAVE TRAUMA CENTRE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysis of expenditure by activities (continued Analysis of direct costs (continued) National Lottery Community Fund 2023 Total funds 2023 staff costs Counselling expenses Complementary therapy Software Licence Programme costs Membership fees Recruitment costs Printing, postage & stationery Supervision costs 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 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 Page 46
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysis of expenditure by activities (continued) Analysis of support costs Victims Support Programme 2024 Other Funds 2024 TPDPS 2024 PEACE IV 2024 HIAHWB 2024 Depreciation Rent payable Rates & water charges utilities Repairs & maintenance Insurance Vehicle costs Travelling expenses Computer equipment & software Professional fees Telephone General expenses 97,840 71.768 2,253 38,971 36,137 11,124 322 16,996 16,956 22,000 316 140 1,695 472 2.478 7.822 3,875 2,406 2.710 (61) 7,076 5.031 (43) 3,274 3,204 1,290 2,996 43 15.618 2,048 5,675 42 188 212,193 23,626 100,091 47,226 Page 47
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysis of expenditure by activities (continued) Analysis of support costs (continued) Local Governemnt 2024 Total funds 2024 MBMLW 2024 TEO 2024 NLCF 2024 Depreciation Rent payable Rates & water charges utilities Repairs & maintenance Insurance Vehicle costs Travelling expenses Computer equipment & sofvare Professional fees Telephone General expenses 97,840 93,768 4.404 49,743 41,758 16,835 322 1,272 656 2,188 939 6,000 1,065 30 118 29,609 26,130 7,290 25,621 2,351 267 12,150 385 395,671 Page 48
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysis of expenditure by activities (continued) Analysis of support costs {continued) Victims Support Programme 2023 TPDPS Other Funds 2023 2023 TEO 2023 HIAHWB 2023 Depreciation Rent payable Rates & water charges utilities Repairs & maintenance Insurance Premises costs Vehicle costs Travelling expenses Computer equipment & sOare 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 22, 000 285 9,027 645 2,010 5,827 736 (565) 55 313 68 1,540 294 750 4,390 2,901 622 1,647 2,272 2.451 5.678 49 4, 132 485 505 216,975 15,233 103.835 1.647 49, 134 Page 49
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysis of expenditure by activities (contlnued) Analysis of support costs (continued) PEAGEIV HWB & Adv 2023 Funds Ireland 2023 Total funds 2023 MBML 2023 NLCF 2023 Depreciation Rent payable Rates & water charges Utilities Repairs & maintenance Insurance Premises costs Exp type 7 Travelling expenses Computer equipment & software Office furniture & equipment Telephone General 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 74 18,781 3,347 568 2,489 596 3,347 3,727 18.781 412,679 10. Auditors. remuneration 2024 2023 Fees payable to the Company's auditor for the audit of the Company's annual accounts 4,200 2, 800 11. staff costs 2024 2023 Wages and salaries Social security costs Contribution to defined contribution pension schemes 2.377,773 227,908 190,371 1,778,627 171,633 143, 928 2,796,052 2,094, 188 Page 50
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 3q MARCH 2024 11. Staff costs (continued) The average number of persons employed by the Company during the year was as follows". 2024 No. 2023 No. Outreach. Youth and Admin staff Manager and supervisory staff 65 56 17 18 83 73 No employee received rernuneration 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 (2023 - £NIL). During the year ended 31 March 2024, no Trustee expenses have been incurred (2023- £NIL). Page 51
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 13. Intangible assets Licences Cost At 1 April 2023 Disposals 37,934 (3,822) At 31 March 2024 34.112 Amortisation At l April 2023 Charge for the year On disposals 28,836 6.990 (3,822) At 31 March 2024 32,004 Net book value At 31 March 2024 2,108 At 31 March 2023 9, 098 Page 52
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WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 15. Fixed asset investments Other fixed Listed asset investments investments Total Cost or valuation At 1 April 2023 Revaluations 67,461 2,541 2,028 (1,947) 69.489 594 At 31 March 2024 70,002 81 70,083 Net book value At 31 March 2024 70,002 81 70.083 At 31 March 2023 67,461 2,028 69,489 16. Debtors 2024 2023 Due wlthin one year Trade debtors Prepayments and accrued income 208,510 45,230 293,655 64,263 253,740 357,918 17. Creditors: Amounts falling due within one year 2024 2023 Bank overdrafts Trade creditors other creditors Accruals and deferred income 198,976 183.282 640 119.837 104,118 303,094 303, 767 Page 54
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 18. Financial instruments 2024 2023 Financial assets Financial assets measured at fair value through income and expenditure 789,513 542,151 Financial assets measured 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 2024 19. Statement of funds Statement of funds - current year Balance at 31 March 2024 Balance at I April 2023 Gainsl (Losses) Income Expenditure Unrestricted funds General Funds 1 488,778 62,680 (33,327) 593 518,724 Restricted funds Restricted Fund 1 874,366 4,155.777 (4,110,311) 919,832 Total of funds 1,363,144 4,218,457 (4,143,638) 593 1,438,556 Page 56
WAVE TRAUMA CENTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 q9. Statement of funds (continued) Statement of funds - prior year Balance al 31 March 2023 Balance al l April 2022 Gains/ (Losses) Income Expenditure Unrestricted funds General Funds 1 476, 135 27.419 (6, 855) {7, 921) 488, 778 Restricted funds Restricted Fund fj 818,519 3,441.761 (3,385,914) 874,366 Total of funds 1, 294, 654 3,469, 180 (3,392. 769) (7,921) 1,363. 144 20. Summary of funds Summary of funds - current year Balance at 31 March 2024 Balance at 1 April 2023 Gainsl (Losses) Income Expenditure General funds Restricted funds 488,778 874,366 62,680 (33,327) 4,155,777 (4,110,311) 593 518,724 919,832 1,363,144 4,218,457 (4,143,638) 593 1,438,556 Summary of funds - prior year Balance al 31 March 2023 Balance at l Apnl 2022 Gain (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 (3,392, 769) (7,921) 1,363, 144 Page 57