Charity registration number NIC100204 Company registration number N1039420 WAVE TRAUMA CENTRE (A company limited by guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
WAVE Trauma Centre IA company limited by guarantee) PAGES CONTENTS Legal and Adm inistrative Information Trustees, Report 2-22 Independent Auditors, Report 23-25 Statement of Financial Activities 26 Balance Sheet 27 Statement of Cash Flows 28 Notes to the Financial Statements 2947
WAVE Trauma Centre IA company limited by guarantee} LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES Cathy Mccann, Vice Chair Marianne Moutrayi Chair Markjackson, Secretary (resigned 29 April 20241 Rev Dr David Clements Dennis Godfrey Martin McAnallen, Treasurer Mark Kelly Peter Heathwood Prof Tony Gallagher Dr Mary Hannon-Fletcher {resigned 17 July 2025} Jill Caskey Lynne Stevenson Aoife Gormally (resigned 18 July 20251 COMPANY REGISTERED NUMBER NI 039420 CHARITY REGISTERED NUMBER NIC 100204 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 IHY SOLICITOR5 Thompson Solicitors 39 Frances Street Newtownards BT23 7DW Page I
WAVETrauma Centre IA company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 This annual report, together with the audited financial statements, is presented by the Trustees of WAVE for the year ending the 31st of March 2025. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice ISORPI, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20151 as amended bv Update Bulletin I leffective l January 2015}. Since the charity qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required. Objectives and Activities A.Policies and objectlves WAVE Trauma Centre (known as WAVE Trauma) wa5 initially established in 1991 to support those bereaved and injured as a result of the Troubles. WAVE'S objectives are.. l.The relief of poverty, sickness and distress suffered by those members of the public in Northern Ireland who have experienced bereavement and/or trauma through or a5 a result of the civil unrest in Northern Ireland. 2.The advancement of education of the community in the area of benefit in matters relating to the nature of such bereavement and/or trauma. The remit of the organisation has incorporated survivors of Historical Institutional Abuse IHIAI from 2021. Over the last two decades there has been a direct link to this area of work given the impact of trauma and loss that necessitated children to be cared for within the institutions. Since Sept 2022 this work has been extended further with services developed to support Survivors of the Mother and Baby Institutions, Magdalene Laundries and Workhouse. There is ongoing work regarding the interrelated nature of both these areas of work within our substantive work on the impact of the Troubles acr055 policy and procedural frameworks, communication and in relation to training and support. In 2024-2025 the prime objective5 for WAVE for were to continue to provide a range of high-quality therapeutic support interventions. on an individual and group basis from dedicated outreach centres and satellite projerts across Northern Ireland. Ireland, Great Britain and in other areas of the world to meet the needs of victims and survivors of Northern Ireland's 'Trouble5'/Conflict, survivors of Historical Institutional Abuse IHIAI and survivors of the Mother and Baby Institutions, Magdalene Laundries and Workhouses IMBMLWI. The vision that shape5 our annual activities is to provide evidenced based support and therapeutic services to survivors of trauma, through the provision of a trauma recovery model, underpinned by a comprehensive trauma education strategy. Page 2
WAVE Trauma Centre IA company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THEYEAR ENDED 31 MARCH 2025 The trauma recovery model incorporated the following- •The provision of Outreach casework throughout Northern Ireland, Ireland, Great Britain and elsewhere in response to identified need. •The extension of counselling and psychotherapeutic services for adults, young people and children through centre delivery, and from 18 satellite projects in Northern Ireland, in addition to the acquisition of therapeutic services from accredited practitioners in Ireland. Great Britain and elsewhere as required. •The provision of family therapy. •The extension of a complementary therapy service for adults and young people aged from 16 years up. •The provision of an extensive Health and Wellbeing programme focused on resilience, trauma and the body, p05t traumatic growth and ending social isolation. •The provision of a specialist case management service for survivors of HIA. •The provision of a specialist case management service for survivors of MBMLW. •The extension of advice and welfare assistance on both a centre and outreach basis which includes the provision of a specialist service for applicants to the Troubles Permanent Disablement Payment Scheme ITPDPSI. •The continued development and enhancement of peer group support initiatives. •The continued development of specialist group support initiatives for those injured or whose loved ones disappeared during The Troubles/Conflict. •The development of an advocacy service to assist clients, work through legacy i55ues or other Issues. •The ongoing delivery of seminars, conferences and publications in order to continue to meet both the individuals, and their families, needs. These objectives were fully met. The objectives for trauma education were also fully met with the delivery of the following.. •The continued enhancement and delivery of accredited Trauma Education programmes at community. voluntary and statutory level from introductory to post graduate level. •The provision of Continued Professional Development opportunities for front-line health and social care staff, allied health professional groups and key statutory and community agencies. •The delivery of an online trauma pathway to Masters level. •Further development of WAVE'S Citizenship Education Programme focused on promoting the need ft)rtrauma informed care for those survivors of The Troubles/Conflict. •And finally, the provision of bespoke trauma education programmes to meet organisational needs. The team in trauma education led significant development and enhancement of new accredited Trauma Education programmes throughout 2024-2025. The first intake were recruited onto the Masters semesters with University College Cork. An increased number of bespoke trauma programmes were also developed and fully delivered to meet organisational needs, locally and internationally. Further details regarding the enhancement of trauma education are provided overleaf. Page 3
WAVETrauma Centre IA company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Activities for achieving objectives. Throughout 2024-2025 there were many challenges with the demand for services Outstripping resources, in Some instances cases were much more complex and the context in which we were operating wa5 impacted by respective legislative frameworks that influenced service uptake. In relation to the Trouble5. the lives of those bereaved and injured was negatively impacted by the challenges of the British Government's Legacy Act. In tandem the outworkings of referrals for the Troubles Permanent Disablement Payment Scheme placed pressure on the availability of staff and on resources with high waiting li5t5 from those injured. The glaring omission of the lack of a process to meet the needs of the bereaved became more evident. Work in this area remains ongoing. In respect of HIA, the year was centred on supporting clients to make applications to the Redress Board, with the need for support and therapeutic services increasing. Acknowledgement of the harm done and the need for memorialisation continued to be discussed during the period of reporting. In relation to MBMLW the demand for services increased, set within the context of the establishment of processes to collate evidence, that will contribute towards the development of an Inquiry and Redress process. Despite these respective legislative processes, the needs of those presentin8 for services were met, regardless of wherever they were living; innovative client facing online programmes were created and seNice provision was continually developed to meet ongoing and unmet need. All services that are delivered by WAVE are underpinned by clear protoco15, professional standards, and ethical frameworks. All front-line service provider5 at WAVE are accredited with the Northern Ireland's Social Care Council INISCCI or with a respective professional body. This ensures that service provision is enshrined within clear governance and standard frameworks which are subject to internal and external audit a5 required. C. Main activities undertaken to further the charity's purposes for the public benefit A comprehensive pathway of care based on a trauma recovery model has been delivered for the benefit of those impacted by trauma throughout 2024-2025. Across all areas of WAVE'S work there have been increased referrals across all ages and from across a wide geographical area from acr055 the globe. While new referrals are predominately in Northern Ireland, increased referrals from other areas have been noted. In particular in Ireland, a new support group has been formed by the WAVE team in response to identified unmet need. The 2024-2025 Operational Plan sets out the work undertaken by the organisation. Throughout the year a list of achievements on areas of growth or development for 2024-2025 have been published in articles, acr055 social media platforms, in a newsletter, and in annual reporting structures which have included media and policy briefings. Volunteering and engagement in internships have been extensive across WAVE. The organisation has a dedicated volunteer group who in 2024-2025 have delivered over 8,000 voluntary hour5 across a diverse range of areas which represents an increase on the year before. For 13 years WAVE has had an intern from the Eirene Student Intern Project, which 15 based in Germany and has been in place for 13 years. In 2024-2025 Naomi Dahne, as the Eirene Intern made an immense contribution to the work of WAVE Belfast. In addition, other students came and spent time in the organi5ation completing shorter pieces of work, contributing to projects and initiatives or to the overall delivery of remembrance processes within the grounds of WAVE. Page 4
WAVETrauma Centre IA company limited byguaranteel TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and performance A. Key financial performance indicators Throughout 2024-2025 WAVE has been funded by the Victims and Sutvivors Service IVSSI - through the Victim Support Programme IVSPI and through additional funding provided to support the completion of applications to the Troubles Permanent Disablement Payment Scheme ITPDPSI. In addition, VSS through the EU PEACEPLUS programme have funded WAVE'S Health & Wellbeing, Advocacy and Trauma Education projects. In relation to WAVE'S HIA project, VSS on behalf of the ExecLttive Office have funded therapeutic and 5UPPOrt services for survivors of HIA. While in respect of the MBMLW contract a phased approach was adopted to get services up and running in partnership with Adopt Nl. During 2024-2025 WAVE also received funding from local authorities and agencies such as the Public Health Authority {PHAI in addition to donations from private individuals and companies to support specific restricted areas of work. The organisation remains gratefvl to all those who have supported the work undertaken across all centres and projects. WAVE'S reserves policy remains in place and was reviewed in 2024-2025 to ensure that it is in line with both the organisation's and the Charity Commission's guidelines. The reserves are part of prudent management and take into account Charity Commission guidance. The movement in reserves and transfers between reserves for the year are shown in the Statement of Financial Activities on page 19. The balance of unrestricted reserves was £537,348 and the balance of restricted reserves wa5 £1,100.397 on the 31st of March 2025. B. Review of artivities The team at WAVE have been at the forefront of delivering therapeutic and support services across the community to victims and survivors of the Troubles for over three decades. The expertise gained during this time has led the organisation to establish a new model of care based around a single casework model for survivors of HIA and MBMLW. WAVE remains the only regional cross community group serving individuals regardless of their religious, political or cultural beliefs, or the circumstances of the Troubles related incident without distinttion. Each strand of WAVE'S work has faced challenges. In relation to the Troubles, the turmoil created by the British Government's Legacy legislation had a detrimental impact on the live5 of many; the increased pressure regarding the TPDPS scheme for those injured has brought many individua15 to WAVE and many new clients from Nl and further afield. however there has been an adverse impact noted in relation to the exclusion of many of those bereaved who do not meet the qualifying criteria of proximity to the incident. This has been deeply traumatic and coupled with the legacy act has had a detrimental impact on their health and wellbeing. Despite the many ongoing challenges. which have been presented compounded by the ongoing economic uncertainty,. and the impact of Covid which led to a deterioration on mental health,. WAVE ha5 continued to deliver a high standard of care, support and advocacy services to meet individuals, needs wherever they reside. The most persistent Issue that has remained across the organisation as evident in 2023-2024 ha5 been the continued pressure5 on service provision with demand outstripping resources. Overall, the volume of referrals into Troubles related SeiceS artively engaged into support and therapeutic services in 2024-2025 {11111 has very slightly decreased by 0.3% since 2023-2024111141. However, the actual referral level received wa5 1386, with some individuals either not eligible or they did not engage when offered an appointment. Referral volumes remained steady throughout the year with no standout peaks. In relation to H IA, in 2024-2025 185 new referrals were received, with 148 meeting the criteria for inclusion. While in MBMLW 108 new referrals were accepted out of 114 referrals. As above the difference noted was in respect of those who met the criteria for inclusion in this service. Page 5
WAVE Trauma Centre IA company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 In relation to WAVE'S delivery of support and therapeutic services many challenges have existed for survivors of historical institutional abuse given the outworking of the Redress Panel, which concluded at the start of April 2025. This impacted negatively on their health and wellbeing leading to the uptake of greater advocacy and health and wellbeing services. In the MBMLW contract a firm basis of support was created and the partnership with Adopt Nl enhanced as SeiCe uptake rose in response to increased awareness of the issues present for birth mothers and adult adoptees. Despite all of the challenges being presented within such an uncertain economic and political climate, service provision grew with a notable increase in the following- •Face to face delivery rose during the period of reporting with a greater emphasis on psychoeducation and peer group support. •Through the acquisition of additional money from the Public Health Agency, the teams extended creative and group- based health and wellbeing services. •A new support group was formed in the south of Ireland and a numberof residentials were undertaken in WAVE By the Sea in Killough to build the network across the south and increase support provision. •Psychoeducation became a central theme across all centres and a new and innovative Healing Journey 12-17-week pathway on a face-to-face and online basis was developed. The feedback has been immensely posltive with improved health and wellbeing noted. increased awareness of processes to add coping and improved social connection. •There was further enhancement of monitoring and evaluation systems with an increased emphasis on our health data which has a direct correlation to the enhancement of service provision. •The team ensured the increased dissemination of testimonies and story through radio and television documentaries and publications. There were a number of key areas of achievement in 2024-2025 that should be highlighted- Group processes have continued to embrace the use of the outdoors whether iys through weekly horticultural groups across centres. walking groups. sea swimming or other outdoor activities. The feedback has been overwhelmingly positive, with a further extension of these programmes in 2025-2026. While group programmes are immensely beneficial a central pressure exists on one-to-one services. In relation to the bereaved, the Legacy Act has continued to have a devastating impact on the lives of particularly the bereaved. The challenges that have emerged have been evident in increased referrals to WAVE. If anything, Silent Testimony stands as the most powerful and profound reflection of the grief and pain experienced by those who have been bereaved . In April 2024 the exhibition of 18 paintings opened in the National Portrait Gallery in London. In October 2024 a number of the 5itter5 Vlslted the gallery and contributed to a series of talks on the importance of the exhibition in relation to highlighting the impact of the legacy of the past today. Silent Testimony remains a poignant and effective voice to the ongoing impact of bereavement today. Throughout the yearwe lost many client5 who sadly passed away. We held ongoing remembrance to those who recently died in addition to those who were faced with significant anniversaries. The Day of Reflertion drew the largest audience with 300 individuals attending, while the Tree of Lights in WAVE Belfast once again was a poignant night for many when those bereaved and injured shared poetry, music and reflections. Page 6
WAVETrauma Centre IA company limited byguaranteel TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 For those injured the Trouble5 Permanent Disablement Payment Scheme-TPDPS has continued to prove challenging. For those who receive TPDPS the financial package can be lifesaving. There has been a further increase in workload for the Welfare Team in 2024-2025, in relation to TPDPS. While there have been many frustrations, it has been positive to see awards being made to clients. At the close of business on 31st March 2025, a further 773 TPDPS applications have been submitted. with a further 165 on our waiting list. Whilst applications have increased, awards have still to be realized at the level anticipated. It has been a complex process, with the outcomes at times appearing slow. In all, 136 successful awards were made durin8 the reporting period. While progress on pension delivery has not been as expeditious as we would like due to the complexity of many applications, the WAVE team are satisfied that the process is working and the outcomings are positive for those with permanent injurie5. The application and assessment process has been a lot less straight forward than anticipated, resulting in a large volume of post-submission work with clients and an increasing number of appeals. This has compounded waiting times for those making an application. For manv clients, we are seeing waits of up to three to four years for a determination. with support and guidance being required throughout this journey from across the TPDPS team. The strategy of engaging with mainstream and social media on core issues when there was something substantive to say and to be able to respond quickly and authoritatively to issues as they arose, continued to work effertively throughout 2024-2025. The ongoing challenges of the legacy legislation continued to be prominent throughout 2024-2025. We responded proactively regarding the issues being presented undertaking extensive press releases and briefings. We remain indebted to the work undertaken by Dennis Godfrey a Board Member, who led much ofthis work throughout the year. The organisation has continued to have a presence on social media during the period of reporting. We added the social media platform Bluesky in our circulation processes in November 2024. On X (previously Twitter) there were 319 posts with 178.8k impressions. This led to 10.7k engagements. Facebook engagement wa5 up on the previous year. There were 33.7k content interactions {up 429.ItrAI. 109.3k visits1363.40A increase) with 855 new followers- representing an increase of 37.9%. In all 545 posts were undertaken. Instagram reach increased by 988°A to 2.4k reaches. There were 987 vi51ts representing a 348.6% increase. The website has also generated greater following with further work and enhancement needed over the forthcoming financial year. 31.000 individuals have visited the website during 2024 to 2025. A new website is forthcoming in the next year. During 2024-2025 there were a number of searches to locate the bodie5 of the disappeared. In 2024, a search was concluded in Bragan bog County Monaghan without success for Columba Mcveigh. who was 19 years of age and was abducted on Halloween night in 1975. This was immensely painful for the family involved. A search began for Robert Niarac in August 2024 in County Louth without Success. In November 2024 a grave was exhumed in Annyalla in the hope of locating Joe Lynskey. Sadly, this and a subsequent process proved unsuccessful. As the year ended a new search was held in abeyance in Bragan due to environmental issues. Page 7
WAVE Trauma Centre IA company limited by guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THEYEAR ENDED 31 MARCH 2025 Despite the lack of succes5, our resolve to continue to highlight the issue of the disappeared continued. In June 2024 and in October 2024 Dympna Kerr, sister of Columba Mcveigh, and Dr Sandra Peake presented at two major conferences on the issue. A host of meetings with key political leaders was held throughout the year in addition to the annual events such as the Disappeared Mass in St Patrick's Cathedral, Armagh,. International Disappeared Day on the 30th of August 2024 with the lighting of beacon5 of light at the US Consulate,. and All Souls Day on the 2nd of November 2024 at Stormont buildings, Belfast. All of these event5 were well supported by the families. Proactive media attention was concentrated on the areas relating to the disappearance. There was a documentary on TG4, the Irish Language television channel which provided a new focu5 on the searches. During this period the families continued to engage with the Independent Commission for the Location of Victim5' Remains IICLVRI. They marked the retirement of Jon Hill and Bert Deane, two of the ICLVR Investigators with sadness at the end of March 2025. There was sadness also when we lost two very active group members. Patricia Gearon (Peter Wilson's sister) in April 2024 and Molly Carr Iseamus Riddy's sister) passed away in July 2024. WAVE have also continued to en8a8e with senior politicians from the local Assembly, Westminster and the Dail. Our CEO presented in evidence sessions in Westminster to the Nl Affairs Committee, at events with the Tanaiste and Taoiseach in the Dail in Dublin and at the United Nations. She also spoke at a major Peace conference in American University in November 2024. Influencing also continued in written form. WAVE'S team responded to relevant consultations and garnered the views of individuals affected by the focus of the area under review in each of our responses. The remit and work of WAVE is extensive. This only gives a brief snapshot of all that is achieved. The breadth and depth of the work is only possible because of such a dedicated management board. staff. contractual and volunteer team. We are indebted to everyone who engage5 Wlth us and supports us in our work. Despite all of the challenge5 presented during 2024-2025 and the ramifications and out workings of such a heavy workload. the achievements above demonstrate that it has been a very positive year. We received immense support from our Patrons in relation to Legacy, the issue of the Disappeared and in Specific projerts. While applications for the injured pension are now underway, we need the continued as51Stance of our Patrons now more than ever as we face the challenges associated with the outworking's of the British Governments Legacy Bill, the creation of the Independent Commission for Reconciliation and Information Recovery IICRIRI and the need for a special bereavement support payment that recognises the bereaved. However, the year was also tinged with sadness as our esteemed colleague Gordon Buchanan, the Director of Operations passed away in July 2024. He had been a dedicated staff member for 18 years and throughout his time had worked solidly to deliver a consistent level of service throughout WAVE. ensuring that every aspect of service was trauma informed and victim and survivor focused. All of this presents a significant challenge for 2025-2026. Page 8
WAVETrauma Centre IA company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Client Support Client support wa5 extensive throughout 2024-2025. 1.386 new referrals were received across the organisation with 1,111 accepted directly into services, while 275 did not met the criteria for services or did not respond post referral. This represented a slight decrease of 0.3 % against 2023-2024 levels, indicating a stable performance from year to year. However, as noted in last year's report the complexity of referrals has increased, leading the organisation to reassess the process for case management and the necessity for the prioritisation of services. Self-referrals substantially increased while referrals from statutory providers were reduced given the outworking's of restrictions to key statutory services such as GP'S. The largest concentration of new referrals remains centralised in Belfast131%1, followed by Derry City & Strabane {IO%I, and Antrim & Newtownabbey19%1. There has been an increase in referrals from Mid Ulster (increased by 38% which has accounted for 7% of all referrals received), Armagh, Banbridge and Craigavon lincreased by 260A accounting for 8% of all referrals received) and Derry City & Strabane Council areas (also increased by IO% accounting for IO% of overall referrals received). Analysis of referral data shows that self-referrals continue to be the primary pathway for clients accessing services, accounting for 68% of all referrals. While this represents a slight decrease of 4'A compared to the previous year 12023-20241, self-referral remains the most consistent source year on year. The top three referral sources for 2024-2025 were.. •Self-referral168%1 •Family member who is a WAVE client112%1 •GP referrals17%1 Additionally, referra15 from other victim group5 and from Victim Support Services IVSSI showed an upward trend. GP referrals increased by 19% this year accounting for 7% of all referrals received. In addition, GP'S may refer directly to the Regional Trauma Service IRTN} who in turn refer to WAVE leading to higher levels of referrals. Referral demographics based on client location were reviewed for the 2024-2025 period. While overall numbers remain stable, referrals from the Republic of Ireland, Scotland. England and other international locations increased, now accounting for 7% of total referrals received. seiCe5 are tailored to provide assistance wherever individuals are living. Referrals have also increased due to the outworking's of Operation Kenova into the activities of an alleged agent called 'Stakeknife', and Operation Denton which has focused on the Glenanne gang. Thi5 work has led to an innovative service delivery model being created both face-to-face and online to meet client need. WAVE'S core frontline service regardless of where individuals reside is Outreach casework for those imparted by the Trouble51 Conflirt. This service remains central to WAVE'S model of psych050cial care. In excess of 7,040 case work Vi51t5 were undertaken to 2.245 individuals during 2024-2025. Thi5 represents a 6% decrease from the 2023-2024 fiscal year. with a 3% decrease in individual clients. The number of visit5 intersected with online and telephone contact. This blended approach has continued to offer greater accessibility, reducing feelings of isolation and loneliness and providing ongoing trauma 5UPPOrt to individuals wherever they are based. Page 9
WAVE Trauma Centre IA company limited by guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 It is of note that during 2024-2025 period, that while individual support decreased slightly, group engagement increased regionally. Although the number of individuals involved in group work fell by 7% to 467, the delivery of peer group and personal development workshops rose by 6%, with 56 sessions conducted. The frequency of these sessions also improved, with 240 scheduled dates versus 210 in the previous year. The range of trauma recovery focused attivities also increased. Across all aspetts of service monitoring and evaluation in ensuring the organisation meets the needs of the clients that we serve is continually kept under review. This included reviewing the levels of service uptake and the demographic profile of new referrals. In 2024-2025 it is of note that WAVE received referrals from across Northern Ireland. covering each county, with fairly equal representation across community and religious backgrounds. New referrals were a150 received from Ireland. Great Britain, Europe and elsewhere as outlined above. Of the 1,111 new referrals accepted, the age range of referrals was from 4 to 93 years of age, with 58'A male and 42% female noted. The breakdown of male versus female chime with the patterns for the preceding eight years in which referrals from males has outnumbered female with the first increase noted in the analysis for the 2016-2017 financial period. This trend has continued unabated. An increase in men coming forward for 5UPPOrt and therapeutic services is a really positive development and goes against the perceived norm of men being harder to engage. In order to meet the needs of all presenting for care. WAVE has increased the type and variety of programmes on offer, all programmes are focused on a trauma recovery model. The need for a return to specialist youth work continues to be an area under review. During the year we engaged with family therapist5 who have created an invaluable service. The need for family therapy has grown as the issues regarding legacy have become more prevalent. In total 16 sessions were delivered to four families. Family therapy is a welcome addition given the resulting impact of trauma on family life and the complexities on family dynamics of an individual's own unique response to trauma. WAVE'S therapeutic services continue to be under increased pressure. 9,089 sessions of counselling were delivered to 885 individuals, which is a slight increase of 0.4% on coun5elling sessions delivered in 2023-2024. The additional counselling sessions are specifically related to the rising referrals from those injured and the impact of legacy. We have continued to increase our team of sessional coun5ellors during the year and expanded the sites from which we run counselling, in order to meet increasing demand. However, waiting lists remain too lon& this continues to be a prioritv area that requires greater resources. The team have been working on a series of initiatives to reduce waiting time and to look creatively at how psychoeducation resources may mitigate against long waiting times. Page 10
WAVE Trauma Centre IA company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 WAVE'S work forms part of the Regional Trauma Network. Duringthe period of reporting, the Regional Trauma Network continued taking and making referrals between statutory and community partner5. It took some time to get protocols and referral mechanisms established, WAVE clients had 108 assessment ses5ions1148 sessions totall carried out with 41 clients. The numbers referred for Statutory Mental Health services in all five trust areas in Nl from the Regional Trauma Network continues to increase143 referrals sent out in 2024-2025, increase of 16%). The volume of assessments has increased by 720A from the 2023-2024 fiscal year, accompanied by a 17% rise in the number of clients. This service is a vital partnership to provide seamless pathways of referral between statutory and community services for survivors of the Nl conflict. In relation to complementary therapy a total of 5,288 complementary therapy sessions were delivered to 1,174 individua15, marking a 13% increase compared to the previous year. Evaluation findings highlighted significant improvements in client wellbeing Isource.. Complementary Therapy Evaluation). Client feedback was overwhelmingly positive= •97% rated the service as excellent (Remaining 3% is for Good) •98% reported feeling more positive about their future following therapy Evaluations have consistently demonstrated that the complementary therapy service provided support to individuals experiencing a variety of symptoms, with the majority of clients reporting issues related to stress. anxiety. problems with sleep and pain. It is of note that a higher percentage of women154%1 engaged with this service compared to men 146%). 83Yo of all those engaged were aged 45+. This increase was mainly due to the appointment of gaining an additional team of contractual therapists. Clients have reported many benefits including.. improvements in physical acrivity, wellbeing. Sleep. and a reduction in symptoms which was noted as significant. Over the past eight years, WAVE has had a team of dedicated Health and Well-Being Caseworkers. During this reporting period, caseworkers from across WAVE completed 5,563 case visits, reflecting a 18% increase, to 918 individual clients, a 2% decrease. across Northern Ireland and cross-border. These visits involved conducting individual needs consultations and securing financial support for materials, equipment, or resources that enhance individuals, health and wellbeing. Often these are life changing such as specially adapted wheelchairs,. prosthetics; or tailored therapeutic and wellbeing services delivered on a home basis such as physiotherapy. There are many examples across casework each month. A further outcome arising from the health and wellbeing of clients has been the delivery of psychoeducation course5 such as trauma and the body courses across the centres. A new Healing Journeys pathway has operated across all of the centres. The feedback from these programmes has been amazing. In addition, other health and wellbeing group programmes have supplemented these courses such as walking. yoga, armchair aerobics. and mindfulness. Improvements in physical activity, wellbeing, sleep, and a reduction in symptoms were noted as significant. Client satisfartion has been extremely positive, rated in excess of 95%. Page 11
WAVE Trauma Centre IA company limited by guaranteel TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Inevitably welfare related issues have continued to impact upon clients. To meet the needs of the client groups across WAVE, WAVE'S welfare service has also expanded during 2024 to 2025, with a further seven workers bringing the team to sixteen. Despite the increased staff team, WAVE'S Advice and Welfare service5 have experienced an unprecedented demand regionally for specialist services. They had 3,691 contacts with 572 clients and undertook 38 appeals. It is anticipated that representation at appeals will form a significant part of our work going forward. The impact of the welfare team's work can be graphically reflected in relation to the income maximisation they achieved for clients in 2024-2025 of £1,037.146.74. This figure is based on income maximisation; lump sum payments, backdated benefits, and appeals calculated over a 52-week period only, although the maximised client income will often exceed this period. Overthe period of reportin8 four new Welfare workers, focused on the TPDPS programme. were recruited to the welfare team. Across the team 18,821120,190 in 2023-20241 contacts were made with 2,54712.173 in 2023-20241 individuals during this period of reporting. The team recouped £5,759,269.85 in TPDPS awards within this financial year. On the 31st of March 2025 there were 165 individuals on our waiting list. Bolstering the welfare team remains a key priority for WAVE in 2025-2026. The deadline for backdating110 years, payment) was set for 31st August 2024 and while this deadline has been extended by the Secretary of State, it only became actioned in August 2024. Our commitment is to ensure that all clients on our waiting list can have their applications submitted in an expeditious way with increased awareness particularly across GB for those who are unaware that the programme exists. In summary the targets for support services for outreach case work, health and wellbein& counselling, peer group support and welfare services for victims and survivor5 of the Troubles were fully met and in the main exceeded the targets set across all work plans for 2024-2025. The WAVE team, through a dedicated staff team allocated to these projerts delivered the HIA Contract and the MBMLW Contract as outlined below. Historical Institutional Abuse (HIA) The HIA Casework model of service delivery established in 2020 to meet the specific needs of the client 8roup has continued to operate during this period of reporting with the team provided 1,836 sessions of counselling to 174 individuals and 396 5e55ion5 of complementary therapy to 68 individuals. 526 individuals who received 5,332 sessions of casework sUPPOrt. 186 new referra15 were received into the project of which 148 were accepted, with five awaiting referrals at year end. During the year a rapid increase in referrals was noted as there was a Northern Ireland wide information campaign which brought new individua15 forward for support which culminated in the Historical Abuse Inquiry- Redress Board Redress scheme, with the process closing at the beginning of April 2025. Page 12
WAVE Trauma Centre IA company limited by guaranteel TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 In addition to one-to-one casework, our staff have provided 5UPPOrt to a number of individuals in preparing their Statement of Lived Experience1754 sessions were delivered to 149 clients ISLE consultations also provided support for an additional 47 clients over 101 sessionsl for the Historical Abuse Inquiry- Redress Board. The deadline for submitting applications to the Redress Board closes on 1st April 2025. We continue to support HIA survivor groups and individual survivors through group work as well as or£anising residentials for established survivor groups and for clients who are not affiliated with any survivor groups. 198 clients benefited from these programmesl. In relation to the CORE evaluation system of our counselling service for HIA clients, 20% of clients achieved clinical change and 40% achieved reliable change. Feedback has been excellent, and increased understanding of the impact of trauma on the client as reflected. Mother and Baby Instltutlons. Magdalene Laundries and Workhouses (MBMLW) A total of 106 referrals were received during the year, reflecting an 83% increase compared to 2023-2024. This 8rowth has shown a steady upward trend since December 2024.199 individuals accessed the MBMLW services during 2024-2025. with 459 counselling sessions delivered to 48 individua15,' 230 complementary therapy sessions to 46 individuals,. and 160 welfare contacts to 23 individuals wa5 undertaken. Group residentials and group work for a number ofgroups who support survivors of MBMLW was also undertaken with 131 clients benefitting from the programmes offered. This represented a 600A increase compared to the previous year. These programmes were delivered across over 74 different dates, encompassing more than 27 distinct group types. Given the client group and the nuances associated with how they have been poorly treated Sn the past, the workload is significant and growing exponentially. Building strong relationships with individual clients, developing a strong project, and providing services to clients is sensitive and intense work. Clients have suffered high levels of trauma and require significant support,. therefore, we have significantly added to our staff team to adequately meet the needs of our clients. Clients accessing counselling in this project show clinical change at 32°A and reliable change at 43Y¢. Page 13
WAVE Trauma Centre IA company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Trauma Education Pathway Trauma Education in 2024-2025 has experienced a significant level of growth. The targets set for the year were exceeded and programme delivery remained strong throughout the period of reporting. A. Open Learning. School of Social Sciences, Education and Social Work and Trauma Workshop dellvery During 2024-2025 short courses and workshops continued to be a key feature of trauma education. 153 students successfully completed 13 short courses during the year. These are accredited through Open Learning, within the School of Education, Queen's University. Workshops with the necessary Continuing Professional Development ICPDI hours continue to be a popular choice for student5. A key area of growth continued to be the psychoeducation programmes with WAVE client groups. New workshop5 continued to be delivered across the centres. The 5ucce55 and feedback of the Trauma & Body course for clients have led the team to deliver many more psychoeducation programmes for the client groups across all three contracts. B. BS¢ Hons Psychologlcal Trauma Studies The Degree programme continued during 2024-2025 as the fourth-year students entered their final year with a focus on their dissertation and with the 2023 student cohort completing yeartwo ofthe programme. C. Masters in Trauma Studies The Postgraduate programme with University College Cork IUCCI also continued to develop. A major achievement in 2024-2025 wa5 moving the Postgraduate Certificate and Diploma to a Masters in Trauma Studies pathway. The first student group commenced the Masters year in September 2024 and completed post year end. D. Professional Development- Citizenship Educatlon 2024- 2025 has been a very busy year for Citizen Education with 36 engagements with the public and a total of 2010 students including 5 international groups. This year has seen amazing growth in Citizen Education, both in numbers through new recruits who were recruited in March 2025 joining the established team, and in the confidence to get involved in more challenging things. For example. OLEr Citizen Educator5 ICES) have been involved with Human Resources heavily this year- slotting into the role as assessors, whilst talking about their own story. All of the sessions with HR, have been authentic where the Citizen Educator5 have been speaking about themselves and their own issues. They have ab501utely revelled in this. One of the ripple effects of this is how those CES have become more embedded in the fabric of the organisation now, as they see the difficulties involved with recruitment and the pressure to get it right. Page 14
WAVETrauma Centre IA company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The second way the team have grown is by recruiting and training 20 new Citizen Educators in March to join an experienced team of educators. This is always a very intensive period when clients are recommended by Health and Wellbeing staff and then trained and supported by the education team. They are then gently inducted into the work, firstly by sitting in and observing sessions and then by trying one themselves. Witnessing the huge turnaround in some people because of the validation they feel from the students is so life affirming. The second half of the financial year has been about trying to get each of the new recruits to get at least one session under their belts. so whilst its slow, it is very rewardin8. Amongst our other work the Citizen Educators worked with significant staff teams this year. The team worked with the Omagh Bomb Inquiry staff team throughout the year. All the barristers, lawyers, admin and researchers went through some trauma training culminating in two Citizen Educators working with them to let them see the impact of how being heard and recogni5ed has a direct link on individual's recovery and growth. This was a hugely powerful piece of work, just before the Inquiry began, so it was critical timewise to have them best prepped for what they were about to hear during the Inquiry. Citizen Eduotion In soclal work, whilst a mandatory requirement under the Northern Ireland Social Care Council INISCCI guidance, has continued to grow steadily. We have two completely distinct social work teams simultaneously delivering in the two separate universities. We have 10 trained Citizen Educators from the Northwest who work in Ulster University at Magee up to six times a year and 14 Citizen Educators who are prepared and trained for Queens for three sessions per year. One of the Northwest team has talked about growing up in the City and always seeing the university students in his town and yet because of what happened him, he had never set foot inside Magee, he wa5 too busy surviving. The ab501ute joy he feels now walking across the campus, in his city, and students knowing him, saying hello to him, staff remembering him from his previous inputs,. he just can't find the words to describe what that alone means to him. Our Citizen Educators last year worked with over 280 social work students with three interventions per student, this ha5 an enormous impact when considering the number of freshly qualified social workers going on to the front line each year possessing an understanding of trauma and its manifestations as part of their professional tool kit. E. Bespoke Workshops Bespoke one and two-day trauma workshop5 remain a frequent request from the community, voluntary and statutory organisations. We continue to deliver to CAPITA, Justice Nl, regarding the TPDPS scheme and HIA, in addition to many other providers. In June 2024 we welcomed American University back to Nl again with a further practicum. This was an important area of work. Page 15
WAVETrauma Centre IA company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Advocacy and Carnpaignlng: The British Government'5 Legacy Act has continued to be one of the m05t challenging processes to affect victims and survivors since the early release of prisoners at the time of the Good Friday Agreement. The need for advocacy has been all the greater during this period of reporting. Supporting victims and Survivors to have a voice either through direct engagement in advocacy service5, oral history or in written publications remains an important aspect of WAVE'S work in 2024-2025. From April 2024 to March 2025, 103 clients received support from the Advocacy Support Workers, with a total of 377 contacts made. There was a decrease in the level of contacts made as WAVE Belfast were without advocacy support during the final six months of the financial year. Advocacy support is essential and whilst the focus has been on one-to- one work. group advocacy processes have also worked well with the Injured Support Group and Families of the Disappeared. Given the presentin8 issues, the advocacy team and others have produced policy papers, have engaged in presentations at a series of conferences or in articles and podcasts. Representation at a Government level and with key stakeholders has been a constant feature in 2024-2025 given the adverse impact on the lives of victims and survivors. Throughout 2024-2025 advocacy support with families engaging with the Police Ombudsman. PSNI Legacy Investigation Branch, Court Service or with specialised family advisory processes such as Operation Kenova, Operation Denton or with the Independent Commission for the Location of Victims, Remains IICLVRI have continued. We remain firmly of the view that Operation Kenova offers the best opportunity to investigate to criminal justice standards Troubles related deaths. The launch of the interim report of Operation Kenova prior to the 2024-2025 year commencing was an important milestone for many of the families. However. during the year the final report was pending and this caused some unsettlement. The support offered therefore by the investigative and family liaison teams linked to Operation Kenova or Operation Denton has vital. The period of reporting has been a challenging period for many families. The impact of the poisonous British Government Legacy Bill has continued to have a very detrimental impact on the emotional and physical wellbeing of many of those bereaved. The referral rates have remained high and the complexity of need all the greater. This has caused us to adapt work processes and to look more carefully at the parameters for referrals. Throughout the yearWAVE's staff and contractual team are to be commended fortheir work in developing new initiatives to meet individual need and continued to seNe our constituency with empathy and professionalism through a trauma informed process. They have also adapted services to meet the needs of those who are living across the world with therapeutic delivery offered outside normal working hours to meet Client needs. Equally, the team working with survivors of Historical Institutional Abuse or with Mother and Baby Institutions, Magdalene Laundries and Workhouse5 have created survivor centred Services to meet the diverse needs of these client groups. Given all these contracts there is increased pressure on waiting list5, which have had to be carefully managed. We remain committed to ensuring that service provision is underpinned by strong policies and procedures which are continually under review and by the delivery of accredited Trauma Education professional development programmes to ensure the team are updated and skilled appropriately to undertake the work required. Page 16
WAVETrauma Centre IA company Ilmited by guarantee) TRUSTEES, REPORT{CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 C. Investment policy and performance The charity holds a portfolio of shares which are managed by Evelyn Group. During the year the shares made a small loss of £1,185. Financial review A. Goln8 concern After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies. B. Financial risk management objectlves and policies The Management Board of WAVE are committed to establishing, maintaining and applying all necessary good practice measures to ensure that their duty of care to the management of the finances of the organisation is fulfilled. WAVE receives funding and donations from Local Authorities, private individuals and commercial organisations and continues to meet the objectives set by funders and reports on the progress of its works in tailored reports. WAVE has a reserves policy which is in line with both WAVE'S and Charity Commission guidelines. The resee$ are part of prudent management and take into account Charity Commission guidance. Page 17
WAVE Trauma Centre IA company limited by guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Structure, governance and management A. Constitution WAVE Trauma Centre. known as WAVE, is a registered charity with the Northern Ireland's Charity Commission and a Company Limited by guarantee governed by its Articles and Memorandum of Association originally agreed in 2001. Prior to this WAVE was an unincorporated body established in 1991 to support women bereaved as a result of the Troubles. The organisation was called 'Widows against Violence Empowered, became known by the acronym WAVE and was formally constituted as such in 1995. WAVE has grown and developed. now serving the needs of individuals and families. adults. young people and children direct5y affected by The Troubles. The philosophy and ethos of WAVE is one of inclusiveness. The organisation works with anyone affected by The Troubles regardless of their religious, political or cultural belief. WAVE operate5 from six dedicated outreach centres in Belfast, Armagh, Omagh. Ballymoney, Derry Londonderry and Killough in addition to 18 satellite projects, which provide support and therapeutic services on a regional basis across Northern Ireland, the border areas of the Republic of Ireland. Great Britain and Internationally as required. WAVE sources support for those who present for services outside Northern Ireland with local accredited service providers. B. Method of appolntment or election of Trustees The management of the charity is the responsibility of the trustees who are elected and co-opted under the terms of the Articles of Association. Page 18
WAVETrauma Centre IA company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THEYEAR ENDED 31 MARCH 2025 C. Policies adopted for the induction and training of Trustees Training for the Management Board is organised on a regular basis particularly in areas regarding employment law, including recruitment and selection- corporate governance, charity regulation, equality legislation and relevant companws legislation. All new Trustees received a formal induction into WAVE and the formal legal responsibilities that come with trusteeship. This is supplemented with more specialised training as OLttlined above. An annual strategic planning event which brings together Trustees and senior staff is due to be held to review the organisation's strategic goals and orientation and to agree an operational plan to meet the strategic objectives set. The Chair of the Board will commence an appraisal process of each member of the Board during the year. A register of gift5 and interests is also compiled and reviewed each year. D. Organi5ational structure and decislon maklng A Board of Trustees, who act as Directors of the Company, comprising a Chair and nominated members govern WAVE. The Management Board may also co-opt other members to the Board in accordance with the Articles and Memorandum of Association. Atthe start ofthe 2024 financial year WAVE'S Management Board had 13 Board members. Board members contribute to subgroups- new Management Board and staff subgroups were agreed, with terms of reference and these have been operational throughout the year. The Board of Trustees meet a minimum of seven times a year. The Chair and Vice-chair, Treasurer and Company Secretary are elected from the existing Trustees at the Annual General Meeting. To assist the Board in its work a number of existing and new subgroups have been developed in addition to those already in place, namely, Human Resources and Finance {which includes Audit and Risk). Sustainability Development and Communication,. Research Policy Development and IT- Community and Political Engagement; Trauma Education,. and Contract Review lft)r the Victims and Survivors Service IVSSI. Historical Institutional Abuse IHIAI and Mother & Baby Institurions, Magdalene Laundries and Workhouses IMBMLWI contracts). All subgroups are chaired by members of the Management Board with Board members and staff in attendance. A Chief Executive Officer manages the day-to-day management of WAVE with authority delegated by the Board of Trustees and reports back to the Board. WAVE has long and extensive experience of partnering with organisations to help improve services for virtims and survivors of The Troubles or to enhance the skills and knowledge of practitioners in the field through accredited Trauma Education programmes. WAVE works Wlth many voluntary and statutory organisations across Northern Ireland, the Republic of Ireland and Great Britain. Page 19
WAVE Trauma Centre IA company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 In education, WAVE works closely with Queen's University and Ulster University and in particular the Schools of Nursing and Midwifery at QUB,. Social Work and Education at QUB and UU,. Medicine at QUB delivering specialist Trauma Education programmes to student nurses, social work and medical students. In relation to the post graduate WAVE has worked closely with University College Cork. with the School of Sociologv and Criminology to develop the Post graduate pathway in Trauma Studies which is now a Master in Trauma Studies programme. WAVE works with a wide range of statutory and voluntary organisations regionally and internationally with organisations such as the International Committee for the Red Cross IICRCI, International Victim of Terrorism Networks and the German based Eirene organisation. All networks and opportunities are reviewed to ensure they are of value to the organisation and in particular the client base the organisation serve5. WAVE has a risk register and business continuity planning including a reserves policy which are updated annually. E. Risk management The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity and are satisfied that systems and procedures are in place to mitigate our exposure to the major risk5. F. Principal activltles WAVE is a registered charity with the Northern Ireland's Charity Commission and a Company Limited by guarantee governed by its Articles and Memorandum of Association originally agreed in 2001. Prior to this WAVE was an unincorporated body established in 1991 to support women bereaved as a result of the Troubles. The organisation which was called 'Widows against Violence Empowered, became known by the acronym WAVE and was formally constituted as such in 1995. WAVE has grown and developed now serving the needs of individuals and families, adults, voung people and children directly affected by the Troubles. The philosophy and ethos of WAVE is one of inclusiveness. The organisation works with anyone affected by the Troubles regardless of their religious. political or cultural belief. Page 20
WAVE Trauma Centre IA company limited by guarantee) TRUSTEES, REPORT{CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 The remit of the organisation has however incorporated survivors of Historical Institutional Abuse IHIAI from 2021. Over the last two decades there has been a direct link to this area of work given the impact of trauma and loss that necessitated children to be cared for within the institutions. Since Sept 2022 this work has been extended further with Services developed to support survivors of the Mother and Baby Institutions, Magdalene Laundries and Workhouse. There is ongoing work regarding the interrelated nature of both these areas of work within our substantive work on the impact of the Troubles across policy and procedural frameworks, communication and in relation to training and SUPPOrt. WAVE continues to have a unique role in relation to promoting specialist Trauma Education. The organisation provides a comprehensive introductory to advanced suite of accredited Trauma Education programmes across the community,. from introductory Short courses delivered through the School of Education,. and a Bsc Hons in Psychological Trauma both delivered in partnership with Queen's University, Belfast and a Masters in Trauma Studies pathway accredited by University College Cork. In addition, professional development Trauma Education programmes with a variety of institutions and professional healthcare providers are extensively delivered with positive reviews. Plans for future periods A. Future developments The voluntary sector and in particular, the victims and survivors. sector are in a period of financial uncertainty in line with a suggestion of significant public expenditure savings being required from within the Northern Ireland budget. The uncertainty of Brexit has added substantially to these fears both in relation to budgetary cuts and the redurtion in any EU monies allocated under the Peace and Reconciliation Programme. WAVE intends to continue to build on its effective relationships With funding bodies and to continue to demonstrate through Service delivery that it provides value for money and significant impact which is worthy of continuing funding. The organisation will continue to promote the outcomes and impact of its work alongside the outputs. We recognise the funding environment is becoming more stringent and resources are reduced. WAVE will work to ensure that services are provided at maximum level to meet the needs of those directly afferted by the Troubles, survivors of HIA and survivors from the MBMLW. Page 21
WAVE Trauma Centre IA company limited by guaranteel TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Disclosure of information to auditors Each of the persons who are trustees at the time when this Trustees, report is approved has confirmed that.. •so far as that trustee is aware, there is no relevant audit information of which the charitable company's auditors are unaware. and •that trustee has taken all the steps that ought to have been taken as a trustee in order to be aware of any relevant audit information and to establish that the charitable company's auditors are aware of that information. This report was approved by the trustees, on 26 September 2025 and signed on their behalf by.. Marlanne Moutray (Trustee) Page22
WAVETraum8 Centre IA¢ompany Ilmited byguaranteel INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF WAVETRAUMA CENTRE Oplnlon We have audlted the financial statements of Wave Traurna Centre Ithe 'charitable company'l for the year ended 31 March 2025 which comprise the statement of financial activities. the b31ance sheet. the statement of cash flows and notes to the financial statements. including significant accounting policies. The financial reporting frarnework that has been applied In their preparation is applicable law and United Kingdom Accounting Standards, includlng Financial Reporting Standard 102 The Finonclul Reportingstundurd opplicoble the UK ond Republlc of Irelond Iunited Kingdom Generally Accepted Accountlng Practice). In our opinion, the ftnanclal ststements: give 3 true and fair view of the state of the charitable company's affalrs as at 31 March 2025 and of its incoming SOurS and appllcation of resources. including its income and expendlture, for the year then ended: have been properly pPared in accordance with United Klngdom Generally Accepted Accounting Prattice.. and have been prepared In accordance with the requlrements of the Companies Act 2006. Bas15 for opinion We conducted our audit in accordance with International Standards on Auditln8 IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responslbllltles for the oudit of the financlol statements sertlon of our report. We are independent of the company In accordance wlth the ethical requirernents that are relevant to our audlt of the flnancial statements in the UK. Includln8 the FRC'5 Ethical Standard. and we have fulfilled our other ethical responsibSllties In accordance with these requirernents. We believe thatthe audlt evldence we have obtained is sufficient and appropriate to provlde a basis for our opinion. Conclusion5 relatlnB to going ¢on¢em In audlting the ftnancial statements. we have contluded that the trustees use of the Éolng concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not Identified any material uncertainties lating to events or condltlons that. indlvldually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve rnonths frorn when the financlal rtatements are authorised for issue. Our responslbilltles and the responsibilities of the trustees wlth respect to golng concern are described in the levant sectlons of this report. Other Informatlon The other informatlon comprlses the information included in the annual report other than the financlal statements and our auditoe5 report thereon. The trustees are responsible for the other information contalned wlthln the annu31 report. Our opinion on the financial statements does not cover the other informatyon and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, In doln8 so. consider whether the other information is materially Inconsistent with the financial statements or our knowledge obtalned In the course of the audit. or otherwise appears to be materlally mSsstated. If we identify Such rnaterial inconslstencles or apparent material rni5Staternents. we are required to deterrnlne whether this gives rise to material misstatement in the financial 5taternents themselves. If, based on the work we have performed. we conclude that there 15 a rnaterial misstatement of this Other information. we are required to report that fact. We have nothing to report In thls regard. Opinion5 on other matters pre5¢rlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of our audit.. the inforrnation glven in the trustees report for the financial year for which the financial statements are prepared. which includes the dlrettor5' report prepared for the purposes of company law. is con515tent with the financial ststements.. and the d1ctorS, Teport included within the trustee5 report has been prepared in accordance with applitable leEal reqU1Ments. Page 23
WAVETraurna Centre IA company lirnited byguaranteel INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF WAVE TRAVMA CENTRE ICONTINUEOI Matter5 on which we are required to report by exception In the 118ht of the knowledge and understandlnE of the company and its environment obtained in the course of the audit. we have not identified rnaterial mi5Statements in the dirertor5' report included within the trustees report. We have nothing to report In respect of the followlng matters In relatlon to whlch the CompanSes Act 20[ requlres us to report to you if, in our oplnlon.. adequate accountln8 records have not been kept, or returns adequate for our audlt have not been received from branche5 not visited by us.. or the flnancial staternents are not In agreement wlth the accounting records and return5.' or certain disclosures of trustees, remuneration specifled by law are not made., or we have not received all the information and explanations we require for our audit.. or the trustees were not entltled to prepare the f]nancial 5taternents in accordance with the small cornpanies regime and take advantage of the srnall cOmpane5. exemptions in preparing the trustees report and from the requirement to prepare a strateglc report. Aesponslbllltles of trustees As explalned more fully in the statement of trustees responsibilities. the trustees. who are a150 the directors of the company for the purpose of tompany law. are responsible for the preparation of the flnancial statements and for beln8 Satlsfied that they give a true and fair view, and for such internal control as the trustees determlne is necessary to enable the preparation of financial statements that are free from material rn15Statement. whether due to fraud or error. In preparin8 the financlal statements, the trustees are responsible for assessing the cornpany's abillty to continue as a going concern. disc105ing, as applicable. matters related to going concern and using the goin8 concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operatlons. or have no realistic alternative but to do so. Audltor's respon51bllltlesfor the audlt of the financlal statements Our objectives are to obtain reasonable assurance about whether the flnanclal statements as a whole are free from m8terial rnisstatement. whether due to fraud or error, and to Issue an auditor'5 report that include5 our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit condutted in accordance wlth ISAS IUKI will alway5 detert a materi31 rnisstaternent when it exists. Misstatements can arlse from fraud or error and are considered rnateTial if, individually or in the aggregate, they could reasonably be expected to Influence the econornic deci5ion5 of users taken on the basis of these financial statement5. Irregularltles, Including fraud, are instances of non-cornplianee with laws and regulations. We desi8n procedures In Ilne wlth our responslbllltles, outlined above, to detect materlal misstatement5 In respect of irregularities. including fraud. However. the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the Company and management. The extent to whlch our procedures are Capable of detectlng Irresularltles. Includlng fraud is detailed below.. obtained an understandin8 of the legal and regulatory frameworks that are applicable to the Company and deterrnined that the most significant are those that relate to the reportin8 framework IFRS 102 and the Companie5 Act 20061 and the relevant tax compliance regulation In the United Klngdorn: understood how the Company 15 complying with those frameworks by mèking enquiries of management to understand how the Company maintains and communic3tes Its pollcies and procedures in these areas.. assessed the vulnerability of the Companls financial statements to materlal mlsststement, including how fraud might occur by considering the rlsk of management overrlde and by assurning revenue recognition to be a fraud risk,. and based on this understandin8 our audlt procedures were designed to identify non-compliance with such laws and re8ulatlons. PaEe 24
WAVE Tiautna Centre IAcompany limited byguaranteel INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF WAVE TRAUMA CENTRE ICONTINUEDI We assessed the susceptibility of the cornpanvs financlal statements to materlal mlsstatement, Includln8 obtslnlng an understanding of how fraud mS8ht occur, by.. IdentifScation of related partles,. Making enqulrles of rnanagement regarding where they considered there wa5 SU5ceptibility to fraud. their knowledge of actual, suspected and alleged fraud.. • Considering the Internal controls in place within the cornpany to mitigate the risk of fraud and non-compllance wlth laws and regulatlons-, To addre55 the risk of fraud. override of controls and non-compliance with laws and Tegulations, we performed analytlcal procedures to IdentSfy any unusual or unexpected related party relatlonships, tested journal entrles to identity unusual transactions. investigated any significant or unusual transactlons and assessed whether judgernents and assurnptions made in determining the accounting estimates were suggestive of potential bias. further de5crlptlon of our vallable on the Flnancial Reporting Council's https'.//www.frc.org.uk/auditorsresponsibilities. This de5criptiOll forrns part of our auditOT'S report. website Use of our report This report 15 made solely to the companvs members, as a body, In accordance wlth Chapter 3 of Part 16 of the Cornpanies Act 2006. Our audit work has been undertaken so that we might state to the cornpanvs members those matters we are required to state to them In an audltor's report and for no other purpose. To the fullest extent permitted by law. we do not accept or assurne responsibility to anyone other than the company and the companV5 members as a bodyi forour audit work, for this report, or for the opinlons we have formed. Jonaihan R Bethel Isenlor Statutory Audltorl For and on behalf of Miscampbell & Co, Statutory Auditor Chartered Accountants 6 Annadale Avenue 8elfast BT7 3JH 26 Septernber 2025 Page 25
WAVETrauma Centre IA ¢orllpany litnited by guarantee) STATEMENT OF FINANCIAL ACTlVtTIES INCLUDING INCOME AND EXpENDuRE ACCOU FOR THEVEAR ENDED 31 MARCH 2025 Restricted Unrestricted Funds Funds 2025 2025 Total Funds 202S Restricted Unrestricted Funds Funds 2024 2024 Total Funds 2024 Note Income From: Donations & Legacles Charitable Activities OtherTradlng Activities Investments Total Income 41,884 41,884 4,749,431 40.760 5,162 4,837,237 35,0(M) 4,120.777 41,393 76,393 4.120,777 17,438 3,849 4.218,457 4,749.431 40.760 5,162 87,806 17,438 3,849 62.680 4,749,431 4.155.777 Expendlture On.. Raising Funds Charitable Attivitie5 Total Expendlture 25,629 4,543.237 4,568,866 56,103 11.894 67,997 81,732 4.5S5.131 4,636,863 4,706 4.105,60S 4,110,311 16.761 16,566 33.327 21.467 4,122.171 4,143,638 Net Income Before Net GalnsllLossesl on Inve$tments 180,565 19,809 200,374 45,466 29,353 74,819 Net Galns/lLossesl on Investments 11.1851 11,1851 593 593 et Movement in Funds 180.565 18.624 199.189 45.466 29.946 75,412 Retonciliation of Ftsnd$: Total Funds Brought Forward Net Movernent in F(Jnds Total Funds Carrted Fonvard 919,832 180.565 1,100,397 518,724 18.624 537,348 1,438.556 199.189 1,637,745 874.366 45,466 919,832 488,778 29,946 518.724 1.363.144 75,412 1.438.556 The Statement of Flnanclal Activitles Includes all galns and 1055es recognised in the year. The notes on pages 29 to 47 form part of these financSal statements. Page 26
WAVE Trauma Centre IA company limited by guarantee) Balance Sheet as at 31 March 2025 Note 2025 2024 Flxed Assets Intangible Assets Tangible Assets Investments 13 14 2,108 626,206 70,083 698,397 1,499,940 68,899 1,568,839 15 Current Assets Debtors Cash at Bank and in Hand 16 425,620 1,518,088 1,943,708 253,740 789,513 1,043,253 Creditors:Amounts Falling Due Wlthln One Year Net Current As5ets/{Liabilities1 17 {1,453,1191 1303,0941 490,589 740,159 Total Assets Less Current Llabllltles 2,059,428 1,438,556 Credltors:Amounts Falling Due After One Year 19 1421,6831 Total Net Assets 1,637,745 1,438,556 Charity Funds Restricted Funds Unrestricted Funds Total Funds 20 20 1,100,397 537,348 1,637,745 919,832 518,724 1,438,556 The financial statements were approved by the trustees on 26 September 2025 and signed on their behalf by: lill[& t,, Ab, IblD- Martln McAnallen Trustee Company Registration Number N1039420 Page 27
WAVE Trauma Centre IA company limited byguarantee) statement of Cash Flows for the Year Ended 31 March 2025 2025 2024 Cash Flows from Operatlng Activities Net Cash Used i n Operating Activities 728,575 247,366 Cash Flows from Investing Activities Net Cash Provided by Investing Activities Cash Flows from Flnanclng Activitles Net Cash Provided by Financing Activities Change in Cash and Cash Equlvalents in the Year 728,575 247,366 Cash and Cash Equivalents at the Beginning of the Year 789,513 542, 147 Cash and Cash Equivalents at the End of the Year 1,518,088 789,513 The notes on pages 29 to 47 form part of these financial statements. Page 28
WAVETrauma Centre IA company limited by guarantee) Notes to the Flnancial Statements for the Year Ended 31 March 2025 l Accounting Policies General InformatSon 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, BTIS SDW. The principal activity of the company is to support those bereaved and injured as a result of The Troubles. 1.1 Accounting Convention The financial statements have been prepared in accordance with the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable In the UK and Republic of Ireland" I"FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities: 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 IFRS 1021" (effective l January 20191. The company is a Public Benefit Entity as deflned by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements a rounded to the nearest £. The finantial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going Concern At the tlme of approving the Pinancial statements, the trustee5 have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable Funds Unrestricted funds are available for use at the discretlon of the trustees in furtherance of their charitable objectives and which have not been designated for other purposes. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are Set out in the note5 to the financial Statements. 1.4 Income Income is recogni5ed when the company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it 15 probable that income wlll be received. Cash donations are recognised on recelpt. Other donation5 are recognised once the company has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deed5 of covenant is recognised at the time of the donation. Legacies are recogni5ed on receipt or otherwise if the company ha5 been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy 15 treated a5 a contingent asset. Grants are included in the Statement of Financlal Activities on a receivable ba515. 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, it5 recognition is deferred and included in creditors as deferred income. There entitlement occurs before income is received, the income 15 accrued. Page 29
WAVE Trauma Centre IA company limited by guarantee) Notes to the Financial Statements for the Year Ended 31 March 2025 l Accounting Policies (continued) 1.5 Expendlture Expenditure is recognised once there 15 a legal or constructive obligation to transfer economic benefit to a third party. it 15 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 between those attivities on basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent. and depreciation charges are 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 incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs. 1.6 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 institution with whom the funds are deposited. 1.7 Intan8ible Fixed Assets and Amortisation Intangible 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, 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 basis over its experted useful life. Amortisation is provided on the following basis- Licences - 20% straight line. Page 30
WAVE Traurna Centre IA company limited by guarantee) Notes to the Financial Statements for the Year Ended 31 March 2025 l Accounting Policles {contlnuedl 1.8 Tangible Fixed Assets and Depreciation Tangible fixed 35setS C05ting £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 measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets Sess their residual values over their useful lives on the following bases- Freehold Property - 2%13Yo Straight line Plant & Machinery - 25% straight line Motor Vehicles - 25% straight line Fixture5 & Fittings - 25% straight line Computer Equipment- 25% straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.9 Impalrment of Fixed Assets At each reporting end date, the company reviews the carrying 3mount5 of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss lif any). 1.10 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 reali5ed or unrealised, are combined and presented as 'gains/{lossesl on investments, in the Statement of Financial Activities. Investments held as fixed assets are shown at cost ledd provision for impairment. Page 31
WAVE Trauma Centre IA company limited by guarantee) Notes to the Financial Statements for the Year Ended 31 March 2025 l Accountin8 Policies (continued) 1.11 Cash and Cash Equivalents At each reporting end date. the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss lif any). 1.12 Financial Instruments The company has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 'Other Financial Instruments Issues. of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Baslc Flnancial Assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are Subsequently carried at amortised cost using the effettive interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic Financlal Liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transattion price unless the arrangement constitutes a financing transartion, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortlsed. Debt instruments are subsequently carried at amortised cost, using the effettive interest rate method. Trade creditor5 are obligations to pay for goods or service5 that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment 15 due within one year or less. If not, they are presented as non-current liabilities. Trade creditor5 are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of Financial Liabilities Financial liabilities are derecognised when the compantys contractual obligations expire or are discharged or cancelled. Page 32
WAVETrauma Centre IA company limited byguaranteel Notes to the Financial Statements for the Year Ended 31 March 2025 l Accountlng Policies Icontinuedl 1.13 Pen5ion5 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 Critical Accounting Estimates and Judgements In the applicatlon of the companrfs accounting policies, the trustee5 are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and assoclated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptlons are reviewed on an ongoing basi5. Revisions to accounting estimates are recogni5ed in the period in which the estimate is revised where the revlsion affects only that period. or in the period of the revision and future period5 where the revislon affects both current and future periods. 3 Income from Donations and Legacie5 Restrlcted Unrestrirted Funds Funds 2025 Total Funds 2025 Restricted Unrestricted Funds Funds 2024 2024 Total Funds 2024 2025 Staff Donatlons G.A.Y.E Other Donation5 Othervoluntary Income 735 20,938 20,211 41,884 735 20.938 20,211 41,884 35,000 30,807 10,586 41,393 65.807 10,586 76,393 35.000 Page 33
WAVE Trauma Centre IA company limited by guarantee) Notes to the Financlal Statements for the Year Ended 31 March 2025 4 Income from Charitable Actlvities Restricted Funds Total Funds 2025 Restricted Funds 2024 Total Funds 2024 2025 Victims Support Programme TEO GAP Trauma Education TEO GAP HWB & Advocacy HIA HWB Contract MBMLW 1,935,918 32,389 66,800 585,178 549,577 17,700 41,784 919,397 14,777 290,901 221,790 73,220 1,935,918 32,389 66,800 585,178 549,577 17,700 41,784 919,397 14,777 290,901 221,790 73.220 1,985,532 215,490 401981 491,861 185,982 16,640 46,361 681,442 13,999 1,985,532 215,490 401,981 491,861 185,982 16,640 46,361 681,442 13,999 Public Hea Ith Authority National Lottery Community Fund VSS- TPDPS Department of Foreign Affairs PEACE PLUS HWB & Advocacy PEACE PLUS Trauma Education Training Income 81,489 81,489 4,749,431 4,749.431 4,120,777 4,120,777 5 Income from Other Trading Activities Income from Fundraising Events Unrestricted Funds 2025 Total Funds Unrestricted Funds Total Funds 2024 2025 2024 Fundraising Events Compensation Agency 40,715 45 40,715 45 17,393 45 17,393 45 40,760 40,760 17,438 17,438 Page 34
WAVETrauma Centre IA company limited byguaranteel Note5 to the Flnanclal Statements for the Year Ended 31 March 2025 6 Investment Income Unre5trirted Funds 2025 Total Fund5 2025 Unrèstricted Funds 2024 Total Funds 2024 Income from UK Listed Investments Bank Interest Receivable 1,793 3,369 1.793 3,369 1.808 2,041 1,808 2,041 5,162 5,162 3,849 3,849 7 Expendlture on Raisinq Funds Costs of Ralslng Voluntary Intome Restrlcted Unrestricted Funds Funds 2025 202S Total Fund5 202S Restri¢ted Unrestrictèd Fund5 Funds 2024 2024 Total Funds 2024 Raisin8 Funds Fundraising and Governan¢e Costs 418 55,685 418 81,314 216 16,545 216 21,251 25.629 4,706 25.629 56.103 81.732 4.706 16,761 21,467 Page 35
WAVE Trauma Centre IA company limited by guarantee) Notes to the Financial Statements for the Year Ended 31 March 2025 8 Analysis of Expenditure on Charitable Activities Summary of Fund byType Restrlcted Unrestricted Funds Funds 2025 2025 Total Funds 2025 Restrlcted Unrestrlcted Funds Funds Total Funds 2024 2024 2024 Victims Support Programme Publlc Health Authority TPDPS Department of Foreign Affair5 TEO GAP Trauma Education TEO GAP HWB & Advocacy HIA HWB Contract MBMLW National Lottery Community Fund PEACE PLUS Trauma Education PEACE PLUS HWB & Advocacv Other Charitable Activities 1.921,715 17,700 919,397 14,750 33,468 69,683 585,179 335,371 42,568 221,790 290,901 90,715 1,921,715 17,700 919,397 14,750 33,468 69,683 585,179 335,371 42,568 221,790 290,901 102,609 1,977,457 16,640 670,2S8 13,998 215,490 401,981 477,672 185,983 46,360 1,977,457 16,640 670,258 13,998 215,490 401,981 477,672 185,983 46,360 11,894 99,766 16,566 116,332 4,543.237 11,894 4,555,131 4,105,605 16,566 4,122,171 9 Analysls of Expenditure by ArtivStles Actlvltles Undertaken 2025 Support Costs 2025 Totsl Funds 2025 Activities Undertaken Support Costs Total Funds 2024 2024 2024 VSctim5 Support Programme Public Health Authority TPDPS 1,692,631 17,700 880,667 13,796 33.468 68,785 541,494 311,305 39.439 221.790 290,901 18,156 229,084 1.921,715 17,700 919,397 14,750 33,468 69,683 585,179 335,371 42,568 221,790 290,901 102,609 1,765,264 16,640 646,632 13,998 215,490 401,981 430.446 173,833 45,975 212,193 1,977.457 16,640 670,258 13,998 215,490 401,981 477,672 185,983 46,360 38,730 954 23,626 Department ol Foreign Affairs TEO GAP Trauma Education TEO GAP HWB & Advocacy HIA HWB Contract MBMLW 898 43,685 24,066 3,129 47,226 12,150 385 National Lottery Communlty Fund PEACE PLUS Trauma Education PEACE PLUS HWB &Advocacy Other Char5table Activities 84,453 16,241 100,091 116,332 4.130,132 424,999 4,555,131 3.726,500 395,671 4.122,171 Page 36
WAVETrauma Centre IA company limited by guarantee) Notes to the Flnancial Statements for the Year Ended 31 March 2025 9 Analysis of Expenditure by Activities (Continued) Analysis of Dlrect Costs Victim Support Programme 2025 Other PEACE PLUS Charitable Trauma Activities Education 2025 2025 BHscr TPDPS DOFA 2025 2025 2025 Staff Costs Counselling Expenses Complementary Therapy Software Licence Programme Costs Membership Fees Recruitment Costs Printing, Postage & Stationery Supervision Costs 1,243,813 209,786 109,066 13,452 66,745 592 652,542 154,430 48,960 7,815 1,114 17,641 14.1951 154,563 40 480 17,660 4,913 4.273 66,747 1,990 6,730 4,555 3,645 12,717 27.319 9,140 50 7,239 S3 200 480 1,692,630 17.700 880,667 13,796 18,156 221,790 National Lottery Communlty Fund 2025 PEACE PLUS HWB& Advocary 2025 HIA HWB Total Funds 2025 TEO Contract MBMLW 2025 2025 2025 Staff Costs Counselling Expenses Complementary Therapy Software Licence Programme Costs Membership Fees Recruitment Costs Printing, Postage & Stationery Supervision Costs 288,731 99,455 379,275 85,255 238,263 18,300 6.840 1.113 37,249 36.297 3,111,694 463,576 165,570 24,606 264,253 2,582 26,976 47,340 23,535 2,226 61,350 2,398 2,918 3,813 3.975 5,600 3,588 4,252 1,700 25 2,170 400 200 290,901 102,253 541,494 311,305 39,440 4,130,132 Page 37
WAVE Trauma Centre IA company limited by guarantee) Notes to the Financial Statements for the Year Ended 31 March 2025 9 Analysis of Expenditure by Activities {Contlnued) Analysis of Direct Costs Victim Support Programme 2024 Other Charitable Activities BHSCT TPDPS DOFA 2024 2024 2024 2024 Staff Costs Counselling Expenses Complementary Therapy Software Licence Programme Costs Membership Fees Recruitment Costs Printing, Postage & Stationery 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 (221 1,765,264 16,640 646,632 13,998 16,241 National Lottery Communlty Fund 2024 HIA HWB Total Funds 2024 TEO Contrart MBMLW 2024 2024 2024 Staff Costs Cou nselling 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 38,133 2,796,052 440,373 157,600 22,742 249,581 2,916 6,522 33.541 17,173 44,905 7.764 729 3,844 4,125 260 107 78 2,090 745 617,471 430,446 173,833 45,975 3,726,500 Page 38
WAVETrauma Centre IA company Ilmited by guarantee) Notes to the Financial Statementsforthe Year Ended 31 March 2025 9 Analysis of Expenditure by Artivities (Continued) Analysls of Support Costs Victlm Support Programme Other Funds TPDPS HIA HWB MBMLW 2025 2025 2025 2025 2025 Depreciation Rent Payable Rates & Water Charges Utilities Repairs & Maintenance Insurance Vehicle Costs Travelling Expenses Computer Costs Professional Fees Telephone Office Furniture & Equipment Advertising & Publicity General Expenses 81,120 75,563 3,044 34,552 40,966 12,465 2,232 14,382 23,148 11.050 234 1,573 1.402 4,682 22,000 333 7,731 2,115 2,015 105 1,315 2,189 9,359 1.363 237 135 3.221 7,331 2,965 2,789 2,021 4.078 20,030 375 9,209 3,616 4,116 940 2,327 28 1,647 16 229,084 38,730 84,454 43.685 24.066 National Lottery Community Fund 2025 Department of Foreign Affairs 2025 TEO GAP HWB& Advocacy 2025 Total Funds 2025 Depreciation Rent Payable Rates & Water Charges Utilities Repairs & Maintenance Insurance Vehicle Costs Travelling Expenses Computer Cost5 Professional Fees Telephone Office Furniture & Equipment Advertising & Publicity General Expenses 81,120 108,613 4,926 46,045 54,218 20,525 4,561 24.406 37,346 139 1,834 919 255 898 376 37,347 375 1,500 4.018 560 3.129 954 898 425,000 Page 39
WAVE Trauma Centre IA company limited byguaranteel Notes to the Financial Statements for the Year Ended 31 March 2025 9 Analysis of Expenditure by Activities (Continued) Analysis of Support Costs Victim Support Programme 2024 Other Funds 2024 TPDPS 2024 HIA HWB 2024 MBMLW 2024 Depreciation Rent Payable Rates & Water Charges Utilities Repairs & Maintenance Insurance Veh icle Costs Travelling Expenses Computer Costs 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 7,822 3,875 2,406 140 2,478 474 1,695 472 1,272 656 2,710 {61) 7,076 5,031 {431 3,274 3,204 1,290 2,996 43 2,188 939 6,000 1,065 30 15,618 2,048 5,675 42 188 212,193 23,626 100,091 47,226 12,150 National Lottery Communlty Fund 2024 Total Funds 2024 Depreciation Rent Payable Rates & Water Charges Utilities Repairs & Maintenance Insurance Vehicle Costs Travelling Expenses Computer Costs Professional Fees Telephone General Expenses 97,840 93,768 4,404 49,743 41,758 16,835 322 118 29,609 26,130 7,290 25,621 2,351 267 385 395,671 Page40
WAVE Trauma Centre IA company limited by guarantee) Notes to the Financlal Statements for the Year Ended 31 March 2025 10 Audltors. Remuneration 2025 2024 Fees payable to the Company's Auditor 4,478 4,200 11 Staff Costs 2025 2024 Wages & Salaries Social Security Costs Contribution to Defined Contribution Pension Schemes 2,640,249 256,493 214,952 2,377,773 227,908 190,371 3,111,694 2,796,052 The average number of persons employed by the Company during the year was as follows: 2025 No. 2024 No. Outreach. Youth & Admin Staff Manager & Supervisory Staff 70 65 18 18 88 83 No employee received remuneration amounting to more than £60,000 in either year. 12 Tru5tees' Remuneratlon & Expenses During the year, no Trustees received any remuneration or other benefits12024- £NILI. During the year ended 31 March 2025, no Trustee expenses have been incurred 12024- £NIL). Page41
WAVE Trauma Centre IA company limited by guarantee) Notes to the Financial Statements for the Year Ended 31 March 2025 13 Intangible Assets Licences Cost At l April 2024 Additions Disposals At 31 March 2025 34,112 34,112 Amortisation At l April 2024 Charge forthe Year On Disposals At 31 March 2025 32,004 2,108 34,112 Net Book Value At 31 March 2025 At 31 March 2024 2,108 Page 42
WAVETrauma Centre IA company limited by guarantee) Notes to the Financial Statements for the Year Ended 31 March 2025 14 Tangible Fixed Assets Freehold Plant & Machinery Motor Fixtures & Fittings Computer Equipment Property Vehicles Total Cost or Valuation At l April 2024 Additions Disposals At 31 March 2025 706,222 923,020 62,456 83,867 234,981 21,044 54,593 8,682 1,142,119 952,746 1,629,242 62,456 83,867 256,025 63,275 2.094,865 Depreciatlon At IApril 2024 Charge for the Year On Disposals At 31 March 2025 140,062 40,841 58,569 1,876 83.867 197.746 25.325 35.669 10,970 515,913 79,012 180,903 60,445 83,867 223,071 46,639 594,925 Net Book Value At 31 March 2025 1.448,339 2,011 32,954 16,636 1,499,940 At 31 March 2024 566,160 3.887 37,235 18,924 626,206 15 Fixed Asset Investments Other Flxed Llsted A55et Investments Investments Total Cost At l April 2024 Revaluation At 31 March 2025 70,002 -1,112 68,890 81 -72 70.083 -1,184 68.899 Net Bookvalue At 31 March 2025 68,890 68,899 At 31 March 2024 70,002 81 70,083 Page 43
WAVETrauma Centre IA company limited by guarantee) Notes to the Financial Statement5 for the Year Ended 31 March 2025 16 Debtors 2025 2024 Due Within One Year Trade Debtors Prepayments & Accrued Income 347,843 77,777 208,510 45,230 425,620 253,740 17 Credltors: Amounts Falling Due Within One Year 2025 2024 Trade Creditors Other Creditors Accruals & Deferred Income 417,889 198,976 1,035,230 104,118 1,453,119 303,094 18 Financial Instruments 2025 2024 Financial Assets Measured at Fair Value Through Income & Expenditure 1,518,088 789,513 Financial assets measured at fair value through income and expenditure comprise cash at bankand in hand. Page 44
WAVE Trauma Centre {A company limited by guarantee) Notes to the Financlal Statements for the Year Ended 31 March 2025 19 Credltors: Amounts Falling Due After One Year 2025 2024 Bank Loans 421,683 20 Statement of Funds ststement of Funds- Current Year Balance at I April 2024 Galnsl (Losses) Balance at.31 March 2025 Income Expenditure Unrestrlcted Funds General Funds 518,724 87,806 167,9971 {1.1851 537,348 Restrirted Funds Restricted Funds 919,832 4,749,431 14,568,866) 1,100,397 Total of Funds 1,438,556 4,837,237 14,636,863) 11.1851 1,637,745 Statement of Funds- Prior Year Balance at I April 2023 Gains/ (Losses) Balance at 31 March 2024 Income Expenditure Unrestricted Funds General Funds 488,778 62,680 133,327) 593 518,724 Restricted Funds Restricted Funds 874,366 4,155,777 {4,110,3111 919,832 Total of Funds 1,363,144 4,218,457 14,143,638) 593 1,438,556 Page 45
WAVE Trauma Centre (Aeornpany limited byEuaranteel Notes to the Financial Statements for the Year Ended 31 March 2025 21 Analysis of Net Assets Between Funds Analysls of Net Assets Between Fund5- Current Period Restricted Unrestrlcted Funds Funds 2025 2025 Total Fund5 2025 Restrlcted Unrestricted Funds 2024 Total Funds 2024 Funds 2024 Tangible Fixed Assets Intangible Fixed Assets Fixed Asset5 Investments Currènt Assets Creditors Due Within One Year Creditors Due After One Year 841.240 658,700 1.499.940 578,697 2,106 47,509 626,206 2,108 70,083 1.043,253 1303.0941 68,899 231.432 68,899 1,943,708 642,123 11,453,119) 1303,0941 1421,6831 1421,6831 70.083 401.130 1,712,276 11,453.1191 Total of Funds 1,100,397 537,348 1.637.745 919.832 518,724 1,438,556 22 Reconclllatlon of Net Movement In Funds to Net Cash Flowfrom Operating A¢tivities 20Z5 2024 Net Income for the Period 199.189 75.412 Adjustments for. Depretiation Charges IGainsl/Losses on Investments Ilncreasel/Decrease in Debtors Increase/lDecreasel in Creditors Purchase of Fixed A$5ets 81.120 1,184 -171.880 1,571.708 -952,746 97,840 -593 104.178 -673 -28,798 Net Cash Provided by Operating Activities 728,575 247.366 Page 46
WAVE Trauma Centre IA company limited byguarantee} Notes to the Financial Statements for the Year Ended 31 March 2025 23 Analysis of Changes in Net Debt Balance at I Balance at 31 April 2024 Cash Flows March 2025 Cash at Bankand in Hand Bank Overdrafts repayable on demand 789,513 728,575 1,518,088 789,513 728,575 1,518,088 24 Penslon Commitments The company operates a defined contribution pension scheme. The assets of the scheme are held separately in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £214,95212024- £190,371). Page47