## **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 STATEMENTS**Page 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
-**203,932**169,308
-
-
**-**
-
**Total Funds**
**2024**
**Total**
**Funds**
**2025**|
|---|---|
||203,932
- **203,932**169,308|
||107,738
- **107,738**60,082|
||576
- **576**534
1,979
- **1,979**1,000
1,389
- **1,389**952
363
- **363**263
562
- **562**515
17,021
- **17,021**508
1,491
**1,491**
-
899
- **899**216
2,560
- **2,560**167|
||26,840
- 26,840 4,155|
||9,750
- **9,750**8,250
13,918
-**13,918**10,716
853
- **853**2,100
10,180
- **10,180**6,980
34,701
- **34,701**28,046|
||3,374
**3,374**2,923
3,122
**3,122**8,520
4,698
**4,698**13,793
1,396
**1,396**1,327
9,374
- **9,374**8,616
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
**Less**Depreciation
**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**