HEADWAY BRISTOL BRAIN INJURY ASSOCIATION LIMITED
FINANCIAL STATEMENTS
31 DECEMBER 2023
Company Registration Number: 02659120
Charity Number: 1007207

HEADWAY BRISTOL BRAIN INJURY ASSOCIATION LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
CONTENTS
PAGES
Trustees, Annual Report
Reference & Administrative Information
Independent Examiner's Report
10
Statement of Financial Activities
Balance Sheet
12
Cash Flow Statement
13
Notes to the Financial Statements
14-23

HEADWAY BRISTOL BRAIN INJURY ASSOCIATION LIMITED
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2023
The Trustees have pleasure in presenting their report and the unaudited financial statements of the
Charity for the year ended 31 De￿rnber 2023.
Aims, Objectives and Public Benefit
The aims of the Charity are:
to provide infomiation, support. and ServI￿S to people with brain injury
to provide infomiation and support to their families and (zrers
to promote understanding of all aspects of brain injury
In achieving these aims the objectives set by the Trustees include:
Communicating the range of the Charity's ￿n11CeS to local authorities. healthcare providers and
the general public.
Providing one-to-one Outreach within the community.
Providing Centre-based services (currently at Frenchay - 5 days a week). Three outposts
running from the Withywood centre, Greenway community centre in Southmead and Yate hub
ran from Yate leisure ￿ntre.
Hospital and community navigating seNice providing a support service for those effected by
brain injury and their families.
This includes.
1. Crisis support Servi￿ to family at the point of an individual's brain injury
2. Providing a Carers, Group to support families and carers.
3. Community support to those living with or with someone with a brain injury.
4. Awareness raising sessions to professionals to raise awareness of brain injury.
5. Support with PIP appli(ztions and general benefit advicE.
Improving the Charity's fundraising activities to ensure that sufficient income is generated to
support the Charity s aims.
Identifying a range of appropriate activities that meet the needs of the service users, their
families, and carers., and ensuring that all truSt￿S. staff. and volunteers receive the training and
support necessary for them in their work.
There are no private benefits that are made available to the Charity's Trustees, staff, or volunteers.
The Trustees confirm that they have referred to the guidanc£ contained in the Charity Commission's
general guidan￿ on public benefit when reviewing the Charity's aims and objectives and in planning
future activities whilst being satisfied that the public benefit requirements are fully achieved.
The Board have completed a thorough skills assessment in order to inform recruitment needs and
are actively seeking new Trustees to join the Board to fill the vacant positions.
As part of the Charity's routine policies and procedures, all Trustees are provided with an induction
to their role. They are invited to attend training and induction workshops within six months of
joining, which covers charity govemance, compliance and the essential duties and responsibilities
of trustees and directors. All Trustees on the Board contribute their time voluntarily to additional
sub-committee groups where they can offer knowledge and expertise.
The board met four times in the year and held three strat￿Y days.

HEADWAY BRISTOL BRAIN INJURY ASSOCIATION LIMITED
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2023
This is in addition to sub committee's groups which are made up of trustees and the senior
management team.
Mari Holcombe, CEO, is the organisational director with responsibilityfor the day-to-day running and
management of the Charity. The salary and role of the director are agreed by the Board of Trustees
on an annual basis and as required as part of the performan￿ management process.
Related Parties
There were no related paty transactions in the year.
Affiliation
Headway Bristol is affiliated to Headvrfay UK and the Charity is required to observe the Rules of
Affiliation. Headway Bristol is an independent charity (Charity No. 1007207). The Charity is
Registered at Companies House (Registration No. 02659120).
Review of Services & Activities
2023 saw the charity continue its work offering servi￿S with the Bristol. South Glos, and North
Somerset areas under spot purchasing contracts.
Relationships with the local authorities remain strong.
The charity underwent recommissioning of services through 2023 which on sUc￿Ssion will see
them move on to a singular specialty service framework.
There has been a significant drop in the threshold for individuals to aC￿sS ServI￿S and we have
had to continue to work with our funders to ensure those most at need do not fall through the net.
Budgets and reSoUr￿S within social care have been reduced due to a number of factors.
We have continued to look at ways we can support this and the funding from the Big Lotto has
enabled us to offer an additional se￿1￿ to those who are in the process of waiting for a needs
assessment assessed.
We have been able to facilitate a drop-in service led by one of specialist support team which they
can attend on an ad hoc basis independently.
The charity as always are extremely grateful to the ICP (Bristol. North Somerset, and South
Gloucestershire Integrated Care Board) for our annual grant which support the work the charity
conducts particulariy the services we offer within health and social care.
Without this grant we would not be able to offer the lifeline support we currently do to those in
crisis and most at need.

HEADWAY BRISTOL BRAIN INJURY ASSOCIATION LIMITED
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2023
Re-ablement day centre and community outreach
The Charity's key objectives for both the Re-ablement Day Centre and Outreach fall into the
following categories and a CRT programme is followed in each category:
Physical health and fitness
Gardening and physical games.
Self-care and Independent Living skills (cooking. food preparation, shopping, money
management, bus travel, sewlmend, personal safety)"
Emotional & Mental Health (social prescribing, pamper sessions, talking groups, arts &
crafts, yoga, relaxation)-
Social Skills & Relationships (talks and demonstrations. singing, quizzes, board games,pub
lunches. visits, and attractions)- and
Cognitive Skills and Strategies (reading, writing, literacy, numeracy, computers, memory
games, speech. and language).
The Charity s one-to-one Community Outreach servi￿. which is delivered in the community and
within individuals, homes, continues to be commissioned by all the authorities the Charity works
with. The Charity continues to see suc￿SseS with service-users, rehabilitation which results in either
decreasing or ending their support package and enabling them to move towards being independent.
Our re-ablement ￿ntre continues to offer a range of activities in line with CRT (cognitive
rehabilitation therapy) but also to supportthe negative impact of many of those living in isolation and
those attending as a means for respite for their carers.
Thanks to the funding we received from the Big Lotto during 2023 we have been able to adapt our
outposts in line with the needs of those affected by brain injury do not meet the threshold for social
care funding.
We have adopted a more casual dropin service vthere friendships are formed.
This Servi￿ is facilitated by one of specialist support workers.
We have been thrilled with how this has opened up opportunities for those who otherwise would
'Yeel really isolated and alone"
This has expanded into an evening social hub group which by the end of 2023 was seeing a monthly
increase in demand.
This opportunity has helped inform the charity of further planned work to integrate this service more
formally into its Servi￿ model and IcK)k to explore how it may be further financially supported.
Hospital and Community Navigators
We were thrilled to finally be able to reinstate those ServI￿S from May 2022.
The team continues to deliver our crisis sen11￿ within North Bristol Trust offering vital support to
families and carers at the point of an individual's brain injury.

HEADWAY BRISTOL BRAIN INJURY ASSOCIATION LIMITED
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2023
This Se￿1￿ offers its specialist support though a number of ways.
Crisis support at the point of someone's brain injury.
During or before discharge from hospital
Following discharge in the community
Ongoing and periodic support
Support from individuals needing advi￿ and guidan￿ around personal independence payment
applications has risen by 48 % during 2023.
This is due to a combination of reasons from our research.
A backlog of applicants from the national pandemic or individual during this time not having access
to infomiation to infomi them of benefits they may be eligible for.
The increase has mainly been support for individuals seeking help to fill out and understand forms.
The PIP form can be complicated. and we have seen support from our service with mandatory
considerations rise by 68 %.
We are now looking at holding monthly drop in so as a larger proportion of individual can get support
at one time the current situation is not sustainable with the resour￿ we have within this particular
service.
The charity also wants to ensure it is raising this issue on a higher plaffomi so as action more locally
and nationally can be taken to further support the issue many are met with.
Volunteer support mentor and community engagement lead
The charity made a commitment in 2021 to invest resource to help with volunteer recruitment and
retainment.
The Charity suc￿SsfUllY enrolled someone to take on the role of volunteer mentor at the very end
of 2022.
This has been enomious success during 2023 and the charity are excited to report we have seen
an increase of 72 % in volunteer placements.
This has had such a positive impact on the whole charty. and V￿ have been fortunate to have a
mixture of individuals with a multitude of skills that offer an abundance of optK)rtunities to our servi
users, families and carers.
Throughout 2023 ourvolunteer mentor has also re*ngaged with local colleges and universities, and
we have placed a number of students throughout the year.
The tharity also enrolled someone into the role of community and engagement lead at the same
The commitment to these roles were made from the reduction of support and awareness of the
charity which was a consequence of the national pandemic.
We felt it was vital to increase awareness of the charity to enable us to grow our support base.

HEADWAY BRISTOL BRAIN INJURY ASSOCIATION LIMITED
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2023
Big Lotto
The charity gained 2 years financial support form the Big Lotto in 2022 under their community
This funding was used to open up hubs within our Servi￿ area.
The project has thrived during 2023 and we have continued to adapt what we offer to further support
our community.
One of our community navigators visits the hubs On￿ a month for two hours to be available on site
to offer general advi￿ such as benefits money management carers support etc.
The hubs continue to provide a social model supporting cL)nnections with others living with a brain
injury.
The tharity throughout 2023 worked towards having these ServI￿S commissioned by our fvnders
and we are now pleased to announ￿ they are now included within the framework along with our
other funded services.
We still want to offer pla￿5 to those not eligible to re￿1ve statutory fvnding so other financial
revenues have been explored though 2023 with applications made to support when the end of the
Big Lotto funding ceases in July 2024.
Future Developments
A number of strategy days were held during 2023.
This gave an opportunity to review the past year and also to adjust any previous business plans
based on the changes to the direction of the charity due to funding and needs.
All agr￿d it was vital to commit to and further invest into what we currently deliver and to ensure
awareness raising of what we do is at the forefront.
Whilst the charity is still in discussions with North Bristol Trust our cu￿ent landlords we continue
while in negotiations with them to look at other opportunities such as procurement or lease of other
properties.
Frenchay Beckspool Building Lease Ends
The charity reported in 2021 of the unsuc￿Ssful discussions and negotiating regarding a new lease
agreement with Active care due to the ownership of the Frenchay Beckspool building changing to
North Bristol Trust.
Various discussions have continued during 2023 with North Bristol Trust and an extension of our
current lease terms and cDnditions from September 2023 for 12 months was agreed for a further 12
months.
North Bristol Trust have also communicated that an evaluation of the property will be conducted in
early 2024 with the view to give the charity an estimation of costings should negotiations continue
beyond the cu￿ent agreed extension.

HEADWAY BRISTOL BRAIN INJURY ASSOCIATION LIMITED
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2023
Fundraising
2023 was a steady year with regards lo fundraising activrties and the target set at the beginning of
2023 was met.
The staff team our service users and supporters ￿orked incredibly hard to initiate fundraising ideas,
events, and opporbjnities to support this work forwhich we are so thankful.
Our charity partner Great Westem Chapter Harfey Davidson group have yet gain been outstanding
in their support to us and we are so thankful for this. We would like to thank all our sponsors, doners,
fundraisers and supporters of the charity.
Reserves Policy
Headway Bristol retains sufficient reserves to maintain and develop the core objectives of the
charity. The main Sour￿ of funding into Headway Bristol is from payments made by or on behalf of
seNice users attending centre-based ServI￿S at the Headway Centre and the one-to-one Outreach
seNices.
Reserves are set by considering (where appropriate) the following:
Cash flow (and forecasts).
A review of existing funds and reserves.
A review of future income streams.
A review of future expenditure
A review of past operational and other trends.
The effects of changes on the public and beneficiaries.
A review of the major risks facing the Charty.
An analysis of future needs, contingencies and risks the potential consequences for the
Charity not being able to meet them.
The Trustees have reviewed the Charity's need for reserves in line with the guidance issued by the
Charity Commission and believes that a prudent policy is to maintain reserves between 6-9 months
of expenditure to protect the Charity from investment market risk and provide financial resilience in
the event of extreme circumstances that may affect the Charity's ability to operate.
The minimum level of unrestricted, undesignated reserves held will be £300,000. The Trustees have
also designated £300,000 (2022: £300.000) for relocation costs, refer to fvture developments above.
The reserves policy is reviewed annually by the Tnjstees.

HEADWAY BRISTOL BRAIN INJURY ASSOCIATION LIMITED
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2023
At the balance sheet dale, the Charity had reserves summarised as per the table below..
2023
2022
Unrestricted Funds..
Designated funds for relocation
Minimum level of reseples
Other general reserves
Restricted Funds:
Total Funds
300,000
300,000
271,411
10,000
881,411
300.000
253,000
203,284
13,740
770,024
As at the 31, De￿mber 2023 the charity had free reserves totalling £550,813, this is above the
reseNes policy of 6- 9 month of expenditure (£213,000- £319,750). The Trustee's will review plans
for the Charity operations to continue to invest in services for the benefit of our users to bring the
level of free reserves down lo the targeted level.
Investment Policy
The Charity holds a proportion of surplus cash as bank deposits but invests any excess fvnds with
Brewin Dolphin as Headway Bristol's discretionaryfund manager. Investments are made by the fund
manager on behalf of the Charity across a range of equity investments to ensure there is an
appropriate balan￿ of risk and rewards within the portfolio.
Financial Activities
Total Income for 2023 was £550.085 (2022: £570.896) through donations and fundraising activities.
Included in the 2023 figures were a realised loss of £11.604 on investments sold in the year and an
unrealised loss of £446 in respect of investments still held by the Charity at year end. The
comparative figures for 2022 were a realised gain of £18.156 and unrealised loss of £136,305. Total
Expenditure decreased from £506,964 in 2022 to £426,336 in 2023. Investments held by Brewin
Dolphin showed a net book value on 31 December 2023 of £817.503. cx)mpared to £664.029 on 31
December 2022.
Election of the Board of Directorsrrrustees
Retiring and new Trustees are elected at the Annual General Meeting.
One third of its membership retires each year but may be reappointed.
The organisational director of Headway Bristol also attends Trustee meetings and strategy days but
is not entitled to vote.
The Board of Trustees appoints its Chair. VI￿-Chair and Treasurerlcompany Secretary.
The Board approves the Annual Accounts and a￿oInts the independent examiner.
The Board has the power to co-opt new Trustees during the year to fill vacancies.
All the business of the Charity is conducted by the main Trustee body and sub-committee.
groups which are made up of Trustees and organisational directors.

HEADWAY BRISTOL BRAIN INJURY ASSOCIATION LIMITED
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2023
The Board seeks new Trustees who bring useful skills and expertise- this includes experien￿ of
law, charity management, finance, risk management, fijndraising marketing, health and social care,
and experience of brain injury.
Responsibilities of the Trustees
The trustees (who are also directors of Headway Bristol Brain Injury Association Limited for the
purposes of company law) are responsible for preparing the Trustees, Report (incorporating the
directors, report) and the financial statements in accordance with applicable law and United Kingdom
Accounting Standards. including Financial Reporting Standard 102: The Financial Reporting
Standard applicable in the UK and Republic of Ireland (United Kingdom Accepted Accounting
Practice).
Company law requires the trustees to prepare financial statements for each financial year which
give a true and fair view of the state of affairs of the charitable company and of the income and
expenditure, of the charitable company for that period. In preparing these financial statements, the
trustees are required to:
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Charities SORP.
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed. subject to any
material departures disclosed and explained in the financial statements,. and
prepare the financial statements on the going con￿rn basis unless it is inappropriate to
presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that disclose with
reasonable accuracy at any time the financial position of the charitable company and enable them
to ensure that the financial statements comply with the Companies Act 2006. They are also
responsible for safeguarding the assets of the charitable company and hen￿ for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Independent Examiner
Joshua Kingston of Burton Sweet Limited was appointed as the charitable company s independent
examiner during the year and has expressed his willingness to continue in that capacity.
This report has been prepared in accordance with the Statement of Recommended Practice
"Accounting and Reporting by Charities".
Signed by order of the Tnjstees on 19 June 2024.
Huw Ponting (Chair)
Headway Bristol
Frenchay Beckspool Building
Frenchay Park Road
Bristol BS16 1 LE

HEADWAY BRISTOL BRAIN INJURY ASSOCIATION LIMITED
REFERENCE AND ADMINISTRATION
YEAR ENDED 31 DECEMBER 2023
Status
Headway Bristol Brain Injury Association Limited is a company limited by guarantee and a registered
charity. It is constituted under a Memorandum of Association ￿lch establishes the objects and
powers of the charitable company and is governed under its Articles of Association. Under those
Articles the directors, who are Trustees for the purposes of charity law. are elected at the AGM to
serve for a period of six years.
Directors
The Trustees, who are also the directors for the purpose of company law, and who served during
the year were:
Huw Ponting
Kay Mccluskey (resigned 23 March 2024)
Priscilla Norgren
Mark Finn (Treasurer)
Willum Long
James Davies
John Bennett
Rees Batley
David Ball
Registered office
Headway Centre,
Frenchay Beckspool Building.
Frenchay Park Road.
Bristol. BS16 1 LE
Independent Examiner
Joshua Kingston Bsc ACA,
Burton Sweet Limited,
The Clock Tower,
5 Farleigh Court,
Old Weston Road,
Flax Bourton,
Bristol BS48 1 UR
Bankers
Santander, Bootle. Merseyside. L30 4GB

HEADWAY BRISTOL BRAIN INJURY ASSOCIATION LIMITED
INDEPENDENT EXAMINER'S REPORT
YEAR ENDED 31 DECEMBER 2023
I report to the tharity trustees on my examination of the accounts of the Company for the year ended
31 December 2023.
Responsibilities and basis of report
As the charity s trustees of the Company (and also its directors for the purposes of company law)
you are responsible for the preparation of the accounts in accL)rdance with the requirements of the
Companies Act 2006 ('the 2006 Act,).
Having satisfied myself that the accounts of the Company are not required to be audited under Part
16 of the 2006 Act and are eligible for independentexamination, I report in respect of my examination
of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act.).
In carrying out my examination I have followed the Directions given by the Charity Commission
under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since the Company's gross income exceeded £250,000 yourexaminer must be a member ofa body
listed in section 145 of the 2011 Act. I ￿nf1m7 that l am qualified to undertake the examination
because l am a member of the Institute of Chartered Accountants in England and Wales, which is
one of the listed bodies.
I have completed my examination. I confinn that no matters have ￿me to my attention in connection
with the examination giving me cause to believe:
accounting records were not kept in respect of the Company as required by section 386 of
the 2006 Act" or
the accounts do not accord with those records" or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act
other than any requirement that the accounts give a 'true and fair view which is not a matter
considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to
charities preparing their accounts in accordan￿ with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in cx)nnection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Joshua Kingston. Bsc ACA
Burton Sweet Limited
The Clock Tower
5 Farleigh Court
Old Weston Road
Flax Bourton
Bristol BS48 1 UR
Date: 19 June 2024
10

HEADWAY BRISTOL BRAIN INJURY ASSOCIATION LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND
EXPENDITURE ACCOUNT)
YEAR ENDED 31 DECEMBER 2023
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Total Funds
2022
Income from:
Donations and grants
Legacies
Olher trading activib'es
Charitable activits'es
Investments
138.325
138,325
114,283
64,276
3,995
369,225
19,117
570,896
7,145
377.694
26.921
7,145
377,694
26,921
550,085
Totsl income
550,085
Expenditure on:
Raising funds
Charitable activities
5.980
416.616
5,980
420,356
6,658
500,306
3,740
Total expenditure
422,596
3,740
426,336
506,964
{Lossesl l Gains on investrnents
11
{12.0501
112,0501
1118,1491
Net Income I lexpenditurel and net
movement in funds
115,439
(3,7401
111,699
154,2171
Total funds at 1 January
16
755,972
13,740
769,712
823,929
Totsl funds at 31 De¢¢mber
16
871.411
10,000
881,411
769,712
The Charity has no recognised gains or losses other than the results for the year as Set out above.
All of the acb'vities of the charity are classed as continuing
The prior year fund comparatives are set out in note 9
The noles on pages 14 to 23 fom part of these financial statements
11

HEADWAY BRISTOL BRAIN INJURY ASSOCIATION LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2023
Company number 02659120
2023
2022
Note
Fixed assets
Tangible assets
Investments
10
11
20,598
817,503
838,101
25,389
664,029
689,418
Current assets
Debtors
Cash at bank and in hand
12
8,469
111,180
119,649
84,146
103,184
187,330
Creditors . amounts falling due within one year
Net current assets
13
176,3391
43.310
1107,0361
80,294
Net assets
881,411
769,712
Funds
Designated funds
General funds
Total unrestricted funds
Restricted funds
17
17
300,000
571,411
871,411
10,000
300,000
455,972
755,972
13,740
17
881,411
769,712
For the year ending 31 December 2023 the company was entiled to exemption from audit under section 477 of the
Companies Act 2006 relating to small companies.
Direclors, responsibilities
The members have not required the company to obtain an audit of its accounts for the year in question in
accordance with section 476,
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and the preparation of accounts
Trese accounts have been prepared in accordan￿ with the provisions applicable to companies subject to the small
companies, regime.
These financial statements were approved by the trustees on 19 June 2024 and are signed on their behalf by..
Huw Ponting
Trustee
The notes on pages 14 to 23 forni part of these financial statements
12

HEADWAY BRISTOL BRAIN INJURY ASSOCIATION LIMITED
CASH FLOW STATEMENT
YEAR ENDED 31 DECEMBER 2023
2023
2022
Note
Net cash inflowl(outflow) from operating activities
14
146,599
36,414
Non-operational cashflows:
Investing activities
Purchase of fixed assets
Payments for inveslments
Proceeds from sale of investrnents
Investment income
15,064)
1200,9701
192,604
19,117
1293,8861
129,316
26,921
Net cash inflowl(oufflow) for the year
15
8,950
42,101
Cash flow restrictions
Charity law forbids the use of net cash inflows on any endowed or other restricted fund to offset net cash ouffiows
on any fvnd outside its own Objects, ex￿pt on special authorty- In practice this restriction has not had any effect
on cash flows for the year.
The notes on pages 14 to 23 forni part of these financial statements
13

HEADWAY BRISTOL BRAIN INJURY ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
1 A¢¢ounting policies
al The financial statements have been prepared in accordan￿ with the historical cost convention {except where
otherwise stated in the accounts.ng policy note) and in accordan￿ with the Statement of Recommended Practs"ce'.
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland {FRS 1021 issued in October 2019, and the Financial
Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, and the Companies Act
2006.
The trustees consider that the 'going COn￿rn. basis remains appropriate for the preparation of the charitls
financial statements despite the significant Un￿rtaInty caused by the cost of living crisis. Whilst there has been a
significant impact on the chariWs operations. the trustees are confident the charity has sufficient reserves to meet
these challenges.
The charity meets the definition of a public benefft entity under FRS102.
bl Investrnents
Listed invesknents are held at marf(et value, and represent investments administered by investment managers on
behalf of the charity. Unrealised gains and losses arising on the revaluation of investrnents are credited or charged
to the Statement of Financial Ath"vit"es and are allocated to the appropriate fund according to the "ownership" of
the undedying assets. Unlisted invesbments are held at cost less any impaim)ent.
cl Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid after taking account of any discounts due.
dl Creditors
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that
will probably result in the transfer of funds to a third party and the amount due to sethe the obligation can be
measured or esb"mated reliably. Creditors and provisions are normally recognised at their settlement amount after
allowing for any discounts due.
el Cash at bank & in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three
months or less from the date of acquisition or opening of the deposit or similar account.
Income from donations is included in income when these are re￿1Vable, eX￿p1 as follows..
il When donors specify that donations given to the charity must be used in fijture accounbng periods, the income
is deferred until those periods.,
ill When donors impose condition5 which have to be fijlfilled before the charity becomes entitled to use such
income, the income is deferred until the pre-conditions have been met
gl Grants are recognised in full in the Statement of Financial Activities in the year in which they are
receivablelpayable. All material grants are disclosed in accordan￿ with the Statement of Recommended Practice.
h) Legacies are recognised when the charity is legally entitled to the legacy and the amount can be quantified with
reasonable accuracy. Enb"dement is regarded as the earlier of the charity being notified of an impending
distribution or the legacy being received.
14

HEADWAY BRISTOL BRAIN INJURY ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
1 Accounting policies (continued)
i) Expenditure is recognised in the period in which it is incurred. Expenditure includes attributable VAT which cannot
be recovered.
j) Support costs are allocated in proportion to the total direct costs. Govemance costs include the costs which relate
to meeting the constitutional and statutory requirements of the charity.
kl Depreciation is calculated so as to write off the cost of an asset. less its estimated residual value, over the usefvl
life of that asset as follows
Leasehold propety- over the temi of the lease
Equipment- 150/0 per annum reducing balan
Computer equipment- 20°/o per annum reducing balance
Motor vehicles- 20°/o per annum reducing balance
l) Unrestricted funds can be used in accordance the charitable objects at the discretion of the trustees.
ml Designated funds are funds set aside by the trustees out of unrestricted general funds for specific future purposes
or projects. Designated funds may be re-designated if. in the opinion of the trustees, a change in
circumslances make this appropriate.
n) Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes. Expenditure which
meets Ihese crileria is charged lo the fvnd. together with a fair allocation of management and support costs.
Further explanation of the nature and purpose of each fvnd is included in the notes to the financial statements.
2 Donations and grants
Unrestricted Restricted
Funds
Funds
Totsl Funds
2023
Donabons
Bristol, N Somerset & S Gloucestershire CCG Grant
Lottery Oulpost Funding
Gift Aid
23,668
64,500
48,900
1,257
23,668
64,500
48,900
1,257
138,325
138,325
Prior year comparatives
Unrestricted Restricted
Funds
Funds
Total Funds
2022
Donations
Bristol, N Somerset & S GIoU￿sterShIre CCG Grant
Lottery Outpost Funding
Local authority lnfecb.on control Grant
Membership fees
Gift Aid
15,441
55,000
20,375
21.132
126
189
2,020
17,461
55,000
20,375
21,132
126
189
112,263
2.020
114,283
15

HEADWAY BRISTOL BRAIN INJURY ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
3 Incorne from charitable activitie5
Unrestrictsd
Funds
Restricted Total Funds
Funds
2023
Total Funds
2022
Service Contracts..
Bristol City Council
South Gloucestershire Council
North Somerset Council
Private attendance fees
169.222
117.033
27.313
64,126
169,222
117,033
27,313
64,126
172,917
107,866
31,354
57,088
377,694
377,694
369,225
The prior year comparatives are represented by unrestricted fijnds.
4 Income from investments
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Total Funds
2022
Dividends
Interest Received
21,116
5.805
21,116
5,805
18,072
1,045
26,921
26,921
19,117
The prior year comparatives are represented by unrestricted funds.
5 Expenditure on charitable activities
Support
costs
Total costs
2023
Direct costs
Activities:
Headway Centre
Outreach
Support & Carers, Young People and Community
Lottery Funded Outposts
61,838
96,471
30,118
21,246
80,951
70,217
33,342
26,173
142,789
168,688
63,460
47,419
209.673
210,683
420,356
Prioryear
Support
costs
Total costs
2022
Dire¢t costs
Headway Centre
Oulreach
Support & Carers, Young People and Community
Lottery Funded Outposts
153,197
114,235
26,821
6,447
91,419
81,943
19,569
6,675
244,616
196,178
46,390
13,122
300,700
199,606
500,306
16

HEADWAY BRISTOL BRAIN INJURY ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
5 Expenditure on charitable activities (continued)
Support costs
2023
2022
Management staff costs
Staff costs
Publications
Recruitrnent costs
Training
Insuran
Travelling and accommodation
Volunleers, expenses
Rent
Repairs and maintenance
IT costs
Membership fees
Legal and professional
Prinling, stationery and postsge
Depreciation
Governance
Olher costs
111,508
55,363
101,183
59,534
26
705
3,122
1,147
4,602
38
6,785
348
2,355
2,404
4,745
285
12,090
7,750
512
1,663
2,920
4,791
2,666
1,230
7,353
565
1,947
3,231
5,208
2,622
1,538
210,683
199,606
Support costs are allocated belween activities based on usage.
6 Net income for the year
This is Slated after charging=
2023
2022
Depreciation
Independent examinerfs fee..
for Independent Examination
- for Accounts Preparation
- for Other Services
Underl (Over) Accrual in Previous Year
4,791
5,208
1,020
1,524
300
{1781
924
1,386
312
17

HEADWAY BRISTOL BRAIN INJURY ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
7 Staff costs and numbers
The aggregate payroll costs were=
2023
2022
Wages and Salaries
Social security costs
Employers pension contributions
356,529
21,757
10,039
388,325
366,417
22,771
9,666
398,854
No employee received emoluments of more than £60.000.
The average weekly number of employees during the year, calculated on the basis of a headcount,
was as follows..
2023
No.
2022
No.
Administration
Care and support
14
19
19
25
The key management personnel consists ofthe trustees. operations director, operations manager and the finan
manager. The key management personnel received total remuneration of £113,377 {2022'. £102,772).
8 Taxation
The charity is exempt from corporats-on tax on its charitable activities.
18

HEADWAY BRISTOL BRAIN INJURY ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
9 Fund cornparatives
Unrestricted Restricted
Funds
Funds
Total Funds
2022
Incorne frorn:
Donations
Legacies
Other trading activities
Charitable activities
Investrnent5
112.263
64,276
3,995
369,225
19,117
2,020
114,283
64,276
3,995
369,225
19,117
Total income
568,876
2,020
570,896
Expenditure on:
Raising funds
Charitable activikn.es
6,658
500,306
6,658
500,306
Totsl expenditure
506,964
506,964
(Losses) l Gains on investhients
{118,149)
1118,1491
Net income and net movement in
funds
156,237)
2,020
154,2171
Total funds at 1 January
812,209
11,720
823,929
Total funds at 31 Decernber
755,972
13,740
769,712
19

HEADWAY BRISTOL BRAIN INJURY ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
10 Tangible fixed assets
Leasehold
Property Equipment
Computer
Equipment
Motor
Vehicles
Total
Cost
At 1 January 2023
Additions
247.692
28.729
25.009
51,099
352,529
At 31 December 2023
247.692
28.729
25,009
51,099
352,529
Depreciation
At 1 January 2023
Charge for the year
247.692
23.006
858
20,959
810
35,483
3,123
327,140
4,791
At 31 December 2023
247,692
23,864
21,769
38,606
331,931
Net book value
At 31 De￿mber 2023
4.865
3,240
12,493
20,598
At 31 De￿rnber 2022
5.723
4,050
15,616
25,389
11 Investments
2023
2022
Markel value as at 1 January
Addilions at cost
664,029
293.886
957,915
1129,3161
(11,6041
816,995
954
{4461
770,767
200,970
971,737
1192,6041
18,156
797,289
3,045
1136,3051
Sale proceeds
Gain on sales
Increase in cash deposit held by brokers
Unrealised Ilossllgain on revaluation
Market value as at 31 December
817,503
664,029
Historical c05t at 31 December
846,684
892,770
12 Debtors
2023
2022
Trade debtors
Prepayments and accwed income
Olher debtors
4,654
2,315
1,500
18,369
65,777
8,469
84,146
20

HEADWAY BRISTOL BRAIN INJURY ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
13 Creditors: arnounts falling due within one year
2023
2022
Trade creditors
Accruals
Deferred income
Other creditors
4,619
2,621
20,575
48,524
1,683
2,835
19,075
83,443
76,339
107,036
14 Reconciliation of net movement in funds to net cash inflow from operating activities
2023
2022
Statement of Financial Actiwties= net movement in funds
Depreciation
Loss l {gainl on investments
Investment income
Profit I Ilossl on sale of investments
(Decrease) / Increase in creditors
Increase I (Decrease) in debtors
111,699
4,791
446
126,9211
11,604
(30,6971
75,677
154,2171
5,208
136,305
119,1171
118,1561
38,779
152,3881
Net cash inflowl(oufflow) from operating activities
146,599
36,414
15 Analysis of ¢hanges in cash and ¢ash equivalents during the year
2023
2022
Movement
Cash at bank and in hand
Cash in investment brokers account
111,180
11,355
103,184
10,401
7,996
954
Cash and cash equivalents
122,535
113,585
8,950
2022
2021
Movement
Cash at bank and in hand
Cash in investment brokers account
103.184
10,401
64,128
7,356
39,056
3,045
Cash and cash equivalents
113,585
71,484
42,101
21

HEADWAY BRISTOL BRAIN INJURY ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
16 Movement in funds
1 January Income and Expenditure
2023
gains
and losses
31 December
2023
Transfers
Unrestricted funds
Designated funds relocation costs
General funds
300,000
455,972
300,000
571,411
871,411
550,085
1434,6461
1434,6461
755,972
550,085
Re$tri¢ted funds
Activib'es
John James - Christmas event
CRM
3,020
720
10.000
13,0201
(7201
10,000
10,000
13,740
13,7401
Total funds
769,712
550,085
1438,386)
881,411
Prior year
1 January Income and Expenditure
2022
gains
and losses
31 December
2022
Transfers
Unrestricted funds
Designated funds - relocation costs
General funds
300,000
512,209
812,209
300,000
455,972
755,972
568,876
568,876
1625,1131
1625,1131
Restricted fund
Activits"es
John James - Chrislrnas event
CRM
1,000
720
10.000
11,720
2,020
3,020
720
10,000
13,740
2,020
Total funds
823,929
570,896
1625,1131
769,712
The general unrestricted funds are able to be utilised at the discretion of the trustees in line with the objects of the
charity- Free reseNes are part of general reserves and are considered in the Trustees. reserves policy which is
slaled on page 6 of the Trustees, Annual ReporL
Relocation Costs
Fulure relocation costs that may arise on expiration of the current lease for the Headway Centre.
Activities
The charity re￿iVed funds for outdoor activth"es. but has been unable to use them in the current year. It expects to
be able to use them in the coming year.
John James- r¢pla¢ement van
Funds received to purchase a new van.
CRM
Funds to assist with Computer & Programmes Purchases
22

HEADWAY BRISTOL BRAIN INJURY ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
17 Analysis of net assets between funds
Tangible
Other
Investments Fixed assets Nel assets
Year ended 31 December 2023
Total
Unrestricted funds
Designated funds
General funds
300,000
517.503
817.503
300,000
571,411
871,411
10,000
20,598
20,598
33,310
33,310
10,000
Restricted funds
817,503
20,598
43,310
881,411
Analysis of net assets between funds - prior year
Tangible
Other
Investments Fixed assets Net assets
Year ended 31 December 2022
Total
Unrestricted funds
Designated funds
General funds
300,000
364,029
664.029
300,000
455,972
755,972
13,740
25,389
25,389
66,554
66,554
13,740
Restricted funds
664,029
25,389
80,294
769,712
18 Company limited by guarantee
The company is limited by guarantee and, as such, has no issued share capital. In the event of the company being
wound up the liability of the members is limited to £1 each.
19 Related parties
There are no transactions with trustees or other related parties other than those disclosed as required by to SORP
elsewhere in the financial statement
23