BRAINWAVES NI(CHARITY NO.103464)
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
Bradley Accounting and Taxation Chartered Certified Accountants Suite B, Formation Works Maryland Maryland Industrial Estate Ballygowan Road Belfast,BT23 6BL
BRAINWAVES NI
CHARITY INFORMATION
CHARITY NUMBER: NIC 103464
ACCOUNTANTS:
Bradley Accounting and Taxation Chartered Certified Accountants Suite B, Formation Works Maryland Maryland Industrial Estate Ballygowan Road Belfast,BT23 6BL
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 STATEMENTSPage 5 |
BRAINWAVES NI
COMMITTEE REPORT
FOR THE YEAR ENDED 31 AUGUST 2025
The Committee present their report and the financial statements for the year ended 31 August 2025
PRINCIPAL ACTIVITY
The principal activity of the Charity are funding research into brain cancer at the Johnston Cancer Research Centre,Queens University,Belfast and supporting those affected by a brain tumour.
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
Toni Sharvin
Barry Taggart
The report was approved by the Committee on 19th November 2025
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 2025, 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:19th November 2025
Page 2
BRAINWAVES NI
INCOME AND EXPENDITURE ACCOUNT FOR YEAR ENDED 31 AUGUST 2025
| Income Bank interest Expenditure Research and Direct Contributions Administrative Expenses Accountancy Rent Insurance Bank Charges Just Giving Fees Function Costs Subscriptions Computer Costs Printing & Stationery Expenditure on Members Financial Requests Outings and Functions Marketing Materials Support Sessions Office Costs Committee Expenses Social Media Costs Promotional Materials Telephone & Internet Secretary’s Remuneration Sundries Total Overheads Transfer to Deferred Income Surplus/(Deficit) for Year Donations and Fund Raising |
Unrestricted Restricted Funds Funds 2025 2025 - - - - - - - 203,932 -203,932169,308 - - - - Total Funds 2024 Total Funds 2025 |
|---|---|
| 203,932 - 203,932169,308 |
|
| 107,738 - 107,73860,082 |
|
| 576 - 576534 1,979 - 1,9791,000 1,389 - 1,389952 363 - 363263 562 - 562515 17,021 - 17,021508 1,491 1,491 - 899 - 899216 2,560 - 2,560167 |
|
| 26,840 - 26,840 4,155 |
|
| 9,750 - 9,7508,250 13,918 -13,91810,716 853 - 8532,100 10,180 - 10,1806,980 34,701 - 34,70128,046 |
|
| 3,374 3,3742,923 3,122 3,1228,520 4,698 4,69813,793 1,396 1,3961,327 9,374 - 9,3748,616 2,620 - 2,620 626 |
|
| 24,584 - 24,584 35,805 |
|
| 193,863 - 193,863 128,088 |
|
| - - 10,069 - 10,069 41,220 |
Page 3
BRAINWAVES NI
BALANCE SHEET AS AT 31 AUGUST 2025
| Fixed Assets Fixtures & Fittings LessDepreciation Current Assets Bank of Ireland – Current Account # 1 Fundraising Bank of Ireland – Current Account # 2 Debtors-La Mon Deposit Payments on Account Petty Cash Current Liabilities Deferred Income from AIB Accruals Net Assets Sources of Capita l Accumulated Fund Opening Balance – Unrestricted Funds - Restricted Funds Surplus/Deficit) for Year |
3,830 3,830 3,830 3,830 2025 2024 |
|---|---|
| - - |
|
| 223,077 312,609 60,228 0 0 500 25,000 0 66 70 |
|
| 308,371 313,179 - 15,000 576 450 |
|
| 307,795 312,729 |
|
| 297,726 256,506 - - 10,069 41,220 |
|
| 307,795 297,726 |
These Financial Statements were approved by the Committee of Brainwaves NI and authorised for issue on 19th November 2025.
CHAIRPERSON:
TREASURER:
Page 4
BRAINWAVES NI
NOTES TO THE FINANCIAL STATEMENTS
FOR YEAR ENDED 31 AUGUST 2025
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.
Payments on Account-£25,000
This relates to expenditure in the area of Genomics, which at 31st August 2025 was still in the early stages. The amount above will be released to Expenditure in line with when samples are run.
Page 5