BRAINWAVES NI(CHARITY NO.103464)
FINANCIAL STATEMENTS FOR THE
YEAR ENDED 31 AUGUST 2024
Bradley Accounting and Taxation 4 Knockbracken Manor Belfast BT8 6WQ
BRAINWAVES NI
CHARITY INFORMATION
CHARITY NUMBER: NIC 103464 ACCOUNTANTS: Bradley Accounting & Taxation Chartered Certified Accountants 4 Knockbracken Manor Belfast BT8 6WQ BUSINESS ADDRESS: 35 Loy Street Cookstown BT80 8PZ BANKERS: Bank of Ireland Belfast City Branch 4-8 High Street Belfast BT1 5LR
BRAINWAVES NI
CONTENTS
| COMMITTEE REPORT | Page 1 |
|---|---|
| INDEPENDENT EXAMINERS REPORT | Page 2 |
| STATEMENT OF FINANCIAL ACTIVITIES | Page 3 |
| STATEMENT OF FINANCIAL POSITION | Page 4 |
| NOTES TO THE FINANCIAL STATEMENTPage 5 |
BRAINWAVES NI
COMMITTEE REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
The Committee present their report abd the financial statements for the year ended 31 August 2024
PRINCIPAL ACTIVITY
The principal activity of the Charity is providing support and information to all those affected by brain tumours.
COMMITTEE MEMBERS
The Committee Members who served during the year are as stated below:
Colin McMillan CHAIRPERSON Stephen Harris TREASURER Sylvia Watt VICE CHAIRPERSON Kimberley Carvill Yvonne Monaghan Lauren Monaghan Aimee Alderdice
Carol Harris Jennifer Arbuthnot
Fiona Alderdice
Alan Coates Toni Sharvin Barry Taggart
The report was approved by the Committee on 5th November 2024
Page 1
BRAINWAVES NI
Independent Examiner’s Report of the Committee of Brainwaves Northern Ireland
We report on the accounts for the year ended 31 August 2021, 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 accounts (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)(b) of the 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. . (under section 65(9)(b) of the Act)
An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records . It 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 procedures undertaken do not provide all the evidence that would be required in an audit and, no opinion is given as to whether the accounts present a ‘true and fair’ view The report is limited to those 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: to keep accounting records in accordance with section 65 of the Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act (Northern Ireland) 2008; have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Bradley Accounting & Taxation Chartered Certified Accountants
Date:5th November 2024
Page 2
BRAINWAVES NI
INCOME AND EXPENDITURE ACCOUNT FOR YEAR ENDED 31 AUGUST 2024
| Income Bank interest Donations and Fund Raising Expenditure Research and Direct Contributions Administrative Expenses Accountancy Legal and Professional Fees Memberships Rent Insurance Bank Charges Advertising Just Giving Fees Conference Costs Computer Costs Printing & Stationery Expenditure on Members Financial Requests Outings and Functions Marketing Materials Support Sessions Secretary’s Remuneration Office Costs Committee Expenses Social Media Costs Promotional Materials Telephone & Internet Sundries Total Overheads Transfer to Deferred Income Surplus/(Deficit) for Year – Note 2 |
Unrestricted Restricted Total Funds 2024 Total Funds 2023 Funds Funds 2024 2024 - - 238 - -- - 168,933 375 169,308129,088 - - - - |
|---|---|
| 168,933 375169,308129,326 | |
| 60,082 -60,082 39,631 |
|
| 534 -534450 --98 1,000 -1,000 952 -952884 263 -263151 - --5,744 515 -515561 508 -508400 216 -2165,857 167 -16715 |
|
| 4,155 - 4,155 14,160 |
|
| 8,250 -8,2503,500 10,341 37510,71610,493 2,100 -2,1001,306 6,980 -6,9805,680 8,616 -8,6168,205 |
|
| 36,287 37536,66229,184 | |
| 2,923 2,9231,693 8,520 8,5207,200 13,793 13,793- 1,327 1,3271,796 626 -626455 |
|
| 27,189 -27,18911,144 |
|
| 127,713 - 128,088 94,119 |
|
| - - 41,220- 41,220 35,207 |
Page 3
BRAINWAVES NI
BALANCE SHEET AS AT 31 AUGUST 2024
| Fixed Assets Fixtures & Fittings Current Assets Bank of Ireland – Current Account # 1 Fundraising Bank of Ireland – Current Account # 2 Research Debtors-La Mon Deposit Petty Cash Current Liabilities Deferred Income from AIB Accruals Net Assets Accumulated Fund Opening Balance – Unrestricted Funds - Restricted Funds Surplus/Deficit) for Year LessDepreciation Sources of Capita l |
2024 2023 3,830 3,830 3,830 3,830 |
|---|---|
| - - |
|
| 312,609 156,442 0 100,363 500 0 70 66 |
|
| 313,179 256,871 15,000 0 450 362 |
|
| 297,729 256,509 |
|
| 256,509 221,302 - - 41,220 35,207 |
|
| 297,729 256,509 |
These Financial Statements were approved by the Committee of Brainwaves NI and for issue on 5th November 2024.
CHAIRPERSON:
TREASURER:
Page 4
authorised
BRAINWAVES NI
NOTES TO THE FINANCIAL STATEMENTS
FOR YEAR ENDED 31 AUGUST 2024
Note 1
Accounting 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 represents monies received from donations and bank interest.
Tangible Fixed Assets and Depreciation
Depreciation is provided at rates 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 accounted for on accruals basis.
Resources Expended
All expenditure has been classified under headings that aggregate all costs related to the category.
Where costs cannot be directly attributed to particular headings they have all been allocated to activities on a basis consistent with the use of resources.
Deferred Income
In September 2023 monies were received from AIB Bank in amount of £15,000. This was for an event after 31st August 2024.
Therefore this amount has been carried forward to Year Ended 31st August 2025
Banks
Historically Brainwaves NI have operated two bank accounts with AIB. One is a Fundraising Bank Account, the other is a Research Bank Account.
During the Year Ended 31st August 2024 it was decided to merge the Research Bank Account with the Fundraising Bank Account
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