## **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:
1. 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
**169,308**129,088
-
-
**-**
-|
|---|---|
||168,933 375**169,308**129,326|
||60,082
-**60,082**
39,631|
||534
-**534**450
-**-**98
1,000
-**1,000**
952
-**952**884
263
-**263**151
-
-**-**5,744
515
-**515**561
508
-**508**400
216
-**216**5,857
167
-**167**15|
||4,155
- 4,155
14,160|
||8,250
-**8,250**3,500
10,341
375**10,716**10,493
2,100
-**2,100**1,306
6,980
-**6,980**5,680
8,616
-**8,616**8,205|
||36,287 375**36,662**29,184|
||2,923
**2,923**1,693
8,520
**8,520**7,200
13,793
**13,793**-
1,327
**1,327**1,796
626
-**626**455|
||27,189
-**27,189**11,144|
||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
**Less**Depreciation
**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
**Page 5**