BRAINWAVES NI FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 McGuire + Farry Limited Chartered Certified Accountants BRAINWAVES NI Charity Information Charity Number: NIC 103464 Accountants: McGuire + Farry Limited Emerson House Carryduff BELFAST BT8 8DN Business Address". 35 Loy Street COOKSTOWN Co. Tyrone BT80 8PZ Bankers: Bank of Ireland Belfast City Branch 4-8 High Street BELFAST BT15LR BRAINWAVES NI Contents Committee Report Trustees Report 2-10 Independent Examiners Report 11 Income & Expenditure Account 12 Balance Sheet 13 Notes to the Financial Statements 14 BRAINWAVES NI COMMITTEE REPORT FOR THE YEAR ENDED 31 AUGUST 2022 The Committee presenl their report and the financial statements for Ihe year ended 31 August 2022. Principal Activity The principal activity of the Charity is providing support and informalion to all those affecled by brain lumours. Committee Members The Committee Members who served during the year are as staled below.. Colin Mcmillan Chairperson Stephen Harris Treasurer Sylvia Watt Vice Chairperson Kimbertey Carvill Yvonne Monaghan Lauren Monaghan Aimee Alderdice Carol Harris Jennifer Arbuthnot Brendan Grimes Fiona Alderdice This report was approved by the Committee on 23 November 2022 and signed on ils behalf by Committee Member Committee Member BRAINWAVES NI Independent Examiner's Report of the Committee of Brainwaves Northern Ireland We report on the accounts for the year ended 31 August 2022, which are set out on pages 3 and 4. Respective responsibilities of committee and examiner The charity's committee consider that an audit is not required for this year (under section 65(2) of the Charities Act 1993 (the Act) and that an independent examination is needed. It is our responsibility to.. Examine the accoLJnls (under section 65 of the Act). To follow the procedures laid down in the General Directions given by the Charity Commission (under section 65(9}(bl of Ihe Act) To state whether particular matters have come to our attention. Basis of independent examiner's report Our examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. 11 also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as committee members concerning any such matters. The prO￿dureS undertaken do not provide all the evidence that would be required in an audit and, consequently, no opinion is given as to whether the accounls present a 'true and fair, view. The report is limited to Ihose matters set out in the statement below. Independent examiner's statement In the course of our examination no matter has come to our attention.. that gives us reasonable cause to believe that. in any material respect, the requirements.. lo keep accounting records in accordance with section 65 of the Act., and lo prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities A¢t {Northern Ireland) 2008- have not been met., or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. McGuire + Farry Limited Chartered Certified Accountants Emerson House Carryduff Belfast BT8 8DN Date: 23 November 2022 BRAINWAVES NI INCOME AND EXPENDITURE ACCOUNT FOR YEAR ENDED 31 AUGUST 2022 Unrestricted Funds Restricted Funds Total Funds 2022 Total Funds 2021 Income Donations and Fund Raising Bank Interest 121,859 121,859 55.264 121,859 121,859 55,264 Ex enditure Research and DI￿¢1 Contributions 54,922 54,922 58,974 Administrative Expenses Accountancy Legal and Professional Fees Memberships Insurance Bank Charges Advertising Just Giving Conference Costs Treasurerfs Honorarium Computer Costs Charitable Donations Repairs & Maintenance 540 540 660 80 872 192 117 562 80 872 192 117 562 80 860 178 20 557 2,136 2,136 609 20 20 4.519 4.519 2.964 Expenditure on Members Financial Requests Open Meetings Outings and Functions Marketing Malerials upport Sessions Secrelary's Fees 3.750 3.750 1.000 6,566 3,473 1,325 8,256 6,566 3.473 1,325 8,256 1,039 2,220 970 8,320 23,370 23.370 13.549 Committee Expenses Office Costs Telephone & Internet Costs Sundry Expenses 537 1,868 108 537 1,868 108 2,513 2.513 2,971 Total Overheads 85,324 85.324 78,458 SurplusllDeficit) for Year- Note 2 36,535 36,535 (23,194) BRAINWAVES NI BALANCE SHEET AS AT 31 AUGUST 2022 2022 2021 Fixed Assets Fixtures & Fittings 3,830 3,830 Less Depreciation 3,830 3,830 Current Assets Bank of Ireland- Current Account # 1 121.680 100.512 Bank of Ireland - Current Account # 2 100,012 85,021 Petty Cash 66 66 221,758 185,599 Current Liabilities Accruals 456 832 Net Assets 221,302 184.767 Sources of Ca Accumulated Fund Opening Balan Unrestricted Funds Restricted Funds 184,767 207.961 SurpluslDeficit) for Year 36.535 (23,194) 221.302 184.767 The Financial Statemenls on pages 12-14 were approved by the Trustees, and authorised for issue on 23 November 2022, and signed on their behalf by.. Committee Member Committee Member BRAINWAVES NI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 Note 1 Accountin Policies Accounting Convention The financial statements are prepared under the historical cost convention and comply with financial reporting standards of the Accounting Standards Board. Turnover Income of The Charity represenls monies re￿iVed from donations and bank interest. Tangible Fixed Assets and Depreciation Depreciation is provided at rales calculated to write off the costless residual value of each asset over its expected useful life, as follows.. Fixtures and Fittings - 20 % Reducing Balance Incoming Resources Donations. legacies and other income is included in full in the Income and Expenditure Account when received. Bank interest received is accounled for on accruals basis. Resources Expended All expenditure has been classified under headings that aggregale all costs related to the category. Vvhere costs cannot be directly attributed lo particular headings they have all been allocated to activities on a basis consistent with the use of resources.