The Brain Injury Foundation STATEMENT OF FINANCIAL ACTIVITIES for the Ilnancial year 8nd8d 31 March 2024 Unrastrfct6d Rostrlctod Fund8 Funds 2024 2024 Total UnreslriGled Re5trlcled Funds Funds Funds 2024 2023 2023 Total Funds 2023 NotOS Incomlng Rosour¢o$ Voluntary Income Charllable activltie8 - Grants from governments and other co-funders Activities for generaling fund$ 45,377 45,377 20,950 20,950 2,860 145.899 148.759 2,988 175,953 178,941 2,213 (103) 2,110 Total Incomlng ro$our¢e8 48,237 145,899 194,136 26,151 175,850 202.001 Ro8ource8 Expondad Ralslng funds Charilable activitles 88,918 97,841 88.918 97,641 81,761 116,784 81,761 116,784 Total Rogourco9 Expgndod 186,757 186,737 198,545 198,545 Net Incomlngloulgolng r68our¢a8 bèfore transf8r8 48,237 (40,858) 7,379 26,151 (22,6951 3,456 Gross transfers between funds Net movement In fund8 for tha financlal year 48,237 140,858} 7,379 26,151 (22,695> 3,456 R8con¢llialon offundg.. Total funds beglnnlng of the yeer 11 138,739 407,848 544,587 110,588 430,543 541,131 Totsl fund8 at tho ond of the yoar 184,976 386,990 551,966 136,739 407,848 544,587 Th& Statement of Flnanclal Activities includes all galns and10888B recognlsod in the finandal year. All income and expenditure relate lo conllnulng aclivilie8. The nolg5 on pages 10 10 14 form part of Ihe finandal stslemonts
The Brain Injury Foundation BALANCE SHEET as at 31 March 2024 2024 2023 Not8B Flxèd A888t8 Tangible 888ets 422,810 422,810 Current A88018 Debtors Cash at bank and in hand 3,789 134,085 8.210 119,614 137,874 127,824 Credltors: Amounts falllng duè wlthln ono yfrar 18,7181 {6,047) Not Current A880t8 129,138 121,777 Total A88Ot$1085 Current Llabllltl•s 551,966 544,587 Funds Restricted trust funds General fund lunrestricled) 366.990 184.976 407,848 136,739 Total funds 11 551,966 544,587 Approved by thè Board of Tru8taO8 and author188d for188ue on 18 Sept•mb8r 2024 and slgnod on Its behalf by Fra k Dolagha Tru8t8a The notes on page$ 1010 14 form part of th8 fift8ndal Statements
The Brain Injury Foundation NOTES TO THE FINANCIAL STATEMENTS for Ihe financial year ended 31 March 2024 GENERAL INFORMATION The Brain Injury Foundallon Is a charity incorporated in Northern Ireland. The reglslered office of the company 18 23 Newry Road, Camlough, Newry, Co. Down. BT35 7JP, Northern Ireland which Is also the principal place of business of th8 company The finandal Btstemenl8 h8ve b88n present6d in Pound (£1 which its also the functional currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The followtng accountlng pollcles have b8en applied conslslenlly In deallng wllh Items which are consldered material in relation to the charity's financial statsmenls, 8a818 of preparatlon The flnanclal statements have been prepared on the golng concern basis under the historical cost convenllon, modified lo include Gertain items at falr volue. The financial 8latem@nts have been pr8pared in Sccordance with the Slalemenl of Recommended Practice ISORP) "Accountlng and Reporting by Charllles pparIng th8lr acrKJunts in accordance wllh th8 Flnancial Reporting Standard appllcablg In Ihg UK 8nd Republic of Ireland FRS 102" As pèrmltted by the Companies Act 2006, the charfty has varied the 8tandard formals In Ihal 8Ct for the Slalemenl of Flnanclal Aetivilies and the Balance Sheet. Departures frorn tho standard formals are to comply with the r8qulr8ments of th8 Ch8rlllas SORP and 8re in compllance wllh secllon 4.7, 10,6 and 15.2 of that SORP. Statoment of ¢ompllance The financial slalements of tho charity for th8 financial year ended 31 December 2017 have been prepared on the golng concern basis and in accordance wlth the Slalemanl of Recornrnended Practlce (sof<PI "Accounting and Reportlng by Charllles preparing their accA)unts In accordance wlth the Financial R8POrting Standard appli¢8ble in the UK and Republlc of Ireland FRS 102" Incomlng Ro8ource8 Voluntary income or c8pItsI Is Included in the Statement of Financlal Actlvltles when the charlty 18 legally enlllled to It, Ils flnancial value can be quanllfled wllh r8asonable 08rtanly and there Is reasonable certalnly of ts ultimate receipt. Enllllemenl lo legacies Is consideréd establi8hed when the chartty has baen notified of a dislrlbution to be made by the executors. Income recelvÈd in advance of due performance und&r a contract is accounted for as deferred Income until earned. Granls for acllvllles are racognised as income when the relaled ct)ndition8 for legal entltlemenl havg been met. All other income is accounted for on an accruals b8818, Ro8ource8 Exponded All resources expendèd arè accounted for on an accruals b881s. Ch8rilabl8 activiti88 Include costs of servlces and grants, support costs and depreciation on related assets. Costs of gen8ratJng funds similarly include fundralsing active8. Non.staff oosls not allribulad to one catagory of activlty are allocalod or apportloned pro-rala to the staffing of Ihe relevant seryice. Finance. HR, IT and admlnlstrallve staff COBts are dire¢lly Irlbutable to individual actlvilles by oblecllve. Governance c081s are those assoclated wllh constltutional and s18lutory requlrernents. Tanglble flxed assets and doproclotlon Tangible Ilxed assets 8r8 slatéd at cost or al valuation. less accumulated dapr8Giation. The charge lo depreclation is calculated to wrlle off the orlginal Cost or valuation of tangible flxed ass&ts, less th8ir 6slimated residual value, over Ihelr expected useful lives as follows.. Land and bulldlngs freehold Plant and machlnery Flxlures, flltlngs and equipment Dobtor6 Debtors are rgnIsed at the settlement amount due 8flor any dlscount offered. Prepayments ar8 valued al the amount prepald net of any trade discounts due. InGorlle recognised by th8 charity from gov8mmenl agencles and olhor ¢o-fundors, but not yet received at year end, Is Included in debtors. Ca8h at bank and In hand Cash al bank and In hand wmprls6s cash on deposit al banks requlrlng less than Ihree months notice of withdrawal, 10
continued The Brain Injury Foundation NOTES TO THE FINANCIAL STATEMENTS for the financial year onded 31 March 2024 Taxatlon and def8rr8d taxatlon No currenl or d@ferr8d taxation arises as the charfty has been granted charitable exemption. Irrecoverable valued added lax is expensed as Incurred. INCOME DONATIONS AND LEGACIES Unr6strlct8d R&slrlct6d Funds Fund8 2024 2023 Donallons, Charltab18 & Local Glvlng 45,377 45,377 20,95Q CHARITABLE ACTIVITIES Unr•8trlcted Restrlctad Fundg Funds 2024 2023 Grants from governmonts and other Cowfunders: hAembershlp Fgas Governmant GranlB 2,860 2,860 145,899 2,988 175,953 145,899 2,860 145.899 148,759 178,941 OTHER TRADING ACTIVITIES Unrostrfctod ReBtrlcted Fund8 Funds 2024 2023 Fundraising & Raffles Sale of Goods 1,511 599 2,110 EXPENDifuRE RAISING FUNDS Dlro¢t Costs Other Co818 support Costs 2024 2023 Fundralslng Costs Advertislng, Marketlng & Other Staff Tralning Consultancy Foo8 Audll Fèe 81,871 3.313 81,871 3,313 76,903 1,620 711 1,927 600 3,072 660 3,072 660 85,184 3,732 88,916 81,761 CHARITABLE ACTIVITIES Dlrect CryJts Other Costs Support Co8t8 2024 2023 Water Aeroblcs, Art, Pllat8s & Other R8SPlte Costs Rent. Rates & Insurance Llght & Heat Prtnl, Post. Stallonery & Other Telephone & Fax CompLrter Costs Repair8 & Maintenance Bank & Flnanclal Charg85 Car8r8 Clrcle 17,224 36.144 17,224 36,144 12,288 5,583 4,344 2,096 1,662 7,120 44,658 28,476 11,333 8,135 4.233 2.233 925 16,727 12,268 5,583 4,344 2,096 1,662 7,120 11,400 11,400 64,768 33,073 97,841 116,784 11
continued The Brain Injury Foundation NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 SUPPORT COSTS Cost of Charltablo Rai8lng Actlvltles Funds 2024 2023 Repalrs & Maintenance Legal and olher professlonal f9es Prfnl, Post & Sl8tionery Accountancy services Llght & Heat Bank & Flnan¢& Charges Computer Softsvare Costs Salar16s,wagas and related COBts Telephone & Fax Rent, Rale8 & Insurance 7,120 7,120 3,072 4,344 660 5,583 16,727 1.927 4.233 600 8,135 3,072 4,344 660 5,583 1,662 1,662 925 711 2,233 11,333 2.096 12,268 2,096 12,268 3,732 33,073 36,805 46,888 ANALYSIS OF SUPPORT COSTS 2024 2023 Repalr8 & Maintenance Legal and other prof88slonal fees Print, Post & Slalionery Accountancy 8ervlceg Llghl & Heal Bank & Flnanc8 Chargas Computer Software Costs Salarles,wages and rel8ted ¢osts relephone & Fax Rent, Rates & Insurance 7,120 3,072 4,344 660 5,583 16,727 1,927 4,233 600 8,135 1,862 925 711 2.233 11.333 2,096 12,268 36,805 46,888 TANGIBLE FIXED ASSETS Land and Plant and Flxturo8, bulldlngg machlnary Iltting8 and freehold oqulpm•nt Total Cost Al 31 March 2024 350,414 38,496 33,900 422,810 Not book valu• Al 31 March 2024 350,414 38,496 33,900 422.810 At 31 MarGh 2023 350,414 38,496 33,900 422,810 DEBTORS 2024 2023 Trade deblors 3.789 8,210 12
continu8d The Brain Injury Foundation NOTES TO THE FINANCIAL STATEMENTS for the financlal year 8nded 31 March 2024 CREDITORS Amounts falllng due wlthln one year 2024 2023 Trade creditors Taxatlon and soclal securlty costs (Note 91 Accruals and deferred Income 4,709 3.061 948 4,086 1,421 540 8,718 6,047 TAXATION AND SOCIAL SECURI 2024 2023 Credltorn: PAYEINI 3,061 1,421 10. RE8ERVE8 2024 2023 Al the beglnnlng of the ye8r Surplus for the finandal year 544,587 7,379 541,131 3,456 At the 8nd of the yaar 551,966 544,587 11. FUNDS 11.1 RECONCILIATION OF MOVEMENT IN FUNDS Unr08trf¢tsd R&8trl¢tsd Fundg Fund8 Total Fund8 Al 1 Aprll 2022 Movement durlng the flnancial year 110.588 26,151 430,543 122,6951 541,131 3,456 Al 31 March 2023 Movemonl durlng the flnandal year 136,739 48,237 407,848 {40,8581 544,587 7,379 Al 31 March 2024 184,976 366.990 551,986 11.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance l Aprll 2023 Income Expendlture Transfors botWQon funds Balance 31 March 2024 Rastrlct8d funds Space & Place Unrestrlcted funds Brain Injury Foundallon 407,848 145,899 186,757 366,990 136,739 48.237 184,976 Total fund3 544,587 194.136 186,757 551,966 13
continued The Braln Injury Foundation NOTES TO THE FINANCIAL STATEMENTS for the financial yaar ended 31 March 2024 11.3 ANALYSIS OF NET ASSETS BY FUND Flxed assèt8 charlty use Currant assets Currant Ilabllltles Total Restrlcted trust funds 422,810 422,810 Unrestrlcled gen8ral funds 137.874 {8,718) 129,156 422.810 137,874 {8,718 551,966 12, POST-BALANCE SHEET EVENTS There have b8en no slgnlficant events 8ff8¢tlng the Charity 8illGe the financial year-end, 14