'4) (=hHeadway Birmingham & Solihull DIRECTORS REPORT 2023-24 Reg. Ciiarrty No. 1008798 Company No. 2fJ86647
Charity registration number 1008798 Company registration number 02686647 {England and Wales) HEADWAY BIRMINGHAM & SOLIHULL (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
HEADWAY BIRMINGHAM & SOLIHULL LEGALAND ADMINISTRATIVE INFORMATION Trustees Mrs J E Campbell Mr J CassKIy Mr D Chaler Mr P Dutham Mr R Lan911)n Mr C Jones Miss S J Murrell Mr WO Hughes (Appointed 21 March 20241 (Appointed 6 September 20231 (Appointed 25 April 20231 Secr8tary Mr R Langton Charity number 1008798 Company number 02686647 Reglstered offlce Leighlon House 20 Chapel Rise Rednal Birmingham West Midlands 845 9SN Auditor BK Plus Audil Limited 2 Highlands Court CranmoreAvenue Solihull West Midlands B904LE Patron Professor Toni Belli Chlef Executlve Sue Tyler
HEADWAY BIRMINGHAM & SOLIHULL CONTENTS Page Twstees, report Stalemenl of Iiuslees. SpOnsibl1111es 10 Independent auditors report Consolidated Statement of financial aclivi118S 14 Consolidated Balance Sheel 15 Consolidated Statement of cash flows 16 Noles to the finanrjal statements 17-37
HEADWAY BIRMINGHAM & SOLIHULL TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees who are also directois of the charity for Ihe purposes of the Companie5 Act 2006,truslees present their annual report and financial statements lof the year ended 31 Marth 2024. The financial statements have been prepared in accordance with the accounting policies sel out in note 1 to the financial statements and comply with the Charitable group's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Repotling StawKiard applicab18 in the UK and Republic of Ireland (FRS 1021" leffecliv8 1 January 2019). Objectlves and actlvltles Our Mission is "to promote grealer understanding of all aspects of brain injury and provide support, information and services for peop5e who have suslained brain injury, their 18milies and carers" Our Objectlves are to.. Promote awareness ol brain injury & 115 consequences and aclively seek lo reduce potential incident5. Make services known lo newly brain injured peoplelfamilies al the earliest Stage and throughout the whole journey Provide information. advice aThJ support S8rvice5 for people with brain injuries, their familie5, Ggrers and conc8rn8d professional peop Provide specialisèd rehabililalive activities lo assist people wilh brain injury to regain independence, continued iecovery and re-inlegralion into the ccmmunily Develop links with appropriate agencies & establish working partnerships Maintain good governance, managemenl and staff ralios Code of Ethics Headway Birmingham & Solihull have a sel of six core values that will now through our culture and behaviour and to which all employees, volunteers and Tfuslees are committed to. Every day, we do our best lo put our values into action through our work and our relationships with our users, business partnefs, communities and one another.
HEADWAY BIRMINGHAM & SOLIHULL TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The slx core valuès are: Putting 'People First, We support & care for our clients as we would like lo be Ireated ourselves_ Users will be Irealed with dignity and iespecl and we will always act in their besl interest. We value all individuals and celebrate diversity, Being 'Safe' Every client, person who works for or comes into contact with, Headway Birmingham & Solihull should be treated with dignity and respect and feel Ihat they are in a safe and supportive environment. Belng open, honest & accountable We are open and honest with others and ourselves. We ensure that our inleractions with people are above reproach and we maintain the conlidenliality of those we work with. We accept conslruclive crilic15m. We apt rgsponsibilily & hold ourselves accountable for our work, actions and our results. striving for Excellence We strive to deliver a service we are proud of through conlinuous improvgmenls and are dedicated lo providing the highest quality across all seNices. All staff should be passionate aboul Ihg cause and be willing to give a bil more than .9 to 4. when the work requires Ihis. We want Staff lo be proud of Iheir work and uphold our good name. Belng professlonal & ethlcal The charity and all who work lof us shall always uphold the highesl levels of inslilulional inlegrily and personal conduct. People work cohesively across all departments for the good of the Who ol Headway BS and recognSse and respect the value and strengths of each other. Dolng 'more wlth less, We use resources lo the full, waste nothing and do only what we can do best as speaalists. We strive lo maintain our principles by the ability to organize all our assets - physical. linancial aThl human - for maximum productivity. In this way, our 5ervic&s will be delivered wilh the highest quality and efficiency al the kasl possible cost Providing excellenl'value for moiiey,. Publlc benefit The Iruslees confirm Ihal they have referre(J lo Ihe guidance contained in the Chaiily Commission's general guidance on public benelit when reviewing the charity's aims. objectives and operations. They believe the provision of the range and services listed in this ieport enables Headway Bimiingham & Solihull lo meet ils obligation lo provide public benelil. Volunteers Headway Birmingham & Solihull greatly benelil from the support of volunteers where appropriate 8nd is extremely grateful for the contribution they make lo Ihe work ol the charily. 1151 volunteer numbers have dropped over the years, we have managed lo recruil enough to meet most ol our vacancies and continue lo attract sludenl placements. We also have a core of'long term, volunteers who help form Ihe core ol our teams.
HEADWAY BIRMINGHAM & SOLIHULL TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievemènts and perlormance Significanl aclivities and achigvemenls againsl objectives How do we measure success? As part of the wider 5-Year Strategy lor the charity. we are committed to achieving results lo meet our overall company objectives. We have many systems for monitoring results lo ensure we keep evidence of our results in a clear and accessible formal. Every department works towards sel performance targets each year which are based on the aims, objectives and their perforfflance indicators for each service. These target indicators are set in line with the Strategy and play a major part in Ihe overall development of the charity and framework for fuluie planning. Each Service Manager also identifies each ol the targets Ihal are relevant to specific staff and these are monitored on their quarterly slaff review. so thal everyone is involved. The results give us a Irue indication of what we are achieving. or not. as well as identifying ways to improve. These measures also provide crucial outcomes which tell us il we are making a difference lo people who have received our services Each year following completion of the results the relevant managers update and add to Ihe measures to ensure they remain appropriale and meel the changing needs of our users SeN1$. Overall Review Though still recovering from the COVID closures and Ihen dealing wilh the impact ol the Cost of Living Crisis, we did feel that we were starting lo see positive changes during 2023-24. Recruilmenl started lo improve and we managed lo fill all our vacancies acr05S the year. We also received a sm311 uplirt from the councils, which al least helped us lo maintain the Living Wage. We also introduced more benefits for staff as w811 as Mgnopause and Working Carer Champions. We did, however, continue lo face difficullies with gelling new client referrals alto¢ated lo Birmingham City Counc51 IBCCI Social Workers, with some laking as long as 6 months. We received more referrals than ever before but found il impDssibk lo reach our requisile number of plaMents, due to lack ol new slarlers. Whilst we welcome a good 'lurn8round' and strive lo be able lo move people on. this is not conducive lo our economic situation if we Cannot then replace them. The situation was furlher aggravated later in the year wilh Ihe effective 'bankruplcy' of our main funder Birmingham Council wilh the obvious concern for us as to future fundin9. We managed to rneel wilh stakeholders and local councilors lo discuss oui concern and received some positive feedback. However, we feel that the lack of social workers continues to be Ihe main problem and unlikely to change anytime Soon. In the moanlime, we continue lo spend many hours chasing alloCatnS. just to maintain the numbers. We have played a big part in BCC Day Service Reform and have been pad of the Co.produclion team. We feel that the BCC new plans for 2024-25 will be ol benefit for HBS and we will continue lo work with Ili&m to be included in the new commissioning framework. We were really pleased lo be abla to equip our Therapy suite and start to recruit Ihe team lo start our Wvellbeing & Therapy services. There was a slow slart due to r8cruilmenl issues, bul we still managed lo meet most Lottery laryels and were able lo move into Year 2. We weie also extremely grateful lo the Lollery, who awarded us a lurther granl lo help with the cosl ol living rises so avoiding the need lo scale down the project. We look forward to moving this onwards and upwards. We feel exiremely grateful and proud Ihal we have survived the diffUl11es of the past few years an(J that despite having lo tweak and restructure, we have slill managed lo tnainlain all of the post-COVl D Servi5. In lacl we have managed lo introduce new Servi5, which mean we are heading towards a model that support our users on the brain injury journey, across all of the pathways we have aimed for. We now just want to continue lo seek greater luture economic stability for the Charily.
HEADWAY BIRMINGHAM & SOLIHULL TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Services for people with Acquired Brain Injury IABI) We continued lo struggle with obtaining funding for new clients to slart bul still managed to move many more people on during the year. Unfortunately, funding ceased for Shencare and this left many clients al Leighton House n8eding lo Sour alternative transport. Luckily this dKI not impacl our placement figures. The highlight of the year was the opening of the Wellbeing Therapy Suite al Sutton House. This officially opened in November 2023 with a coordinator. physiotherapist, speech therapist and therapy assistanls in pla. This new service had started to develop nicely by the year end. Our first VAP Ivocalional Assigtance Programmel started in May 2023 and has proved successful, wilh the clients all achieving Ih8ir goals and reporting how much they benefitled and enjoyed the course. The Daily Living Skills al Sullon House also started this year due to the generous grant awarded for equipmenl and adaptations. The clients have made good progress in this aa and are working towards personal, Iransferrable goals. Family & Carer S8rvices The work of Ihe team continued lo pick up Since the evenls ol recent years. One of the biggest challenges the team laced were the many oulcomes and specific detnands now required by fundeislslakeholders. With the Fotward Carers Hub, we now have lo focus more on Carer Assessments in order lo meet payment largels. This has become quite intense and meant a different way of wothing. resulting in less face-lo-laix support lime with families. We were fortunate lo be awarded a further grant for Birmingham Carers to sel up a couples counselling servic&. We were delighted to start up a new partnership wilh Birmingham Disability Resource Centre lo support 'maxitnising income. and look forward to wor1(ing with them. Despite the si9nilicant charwJes, as well as being new lo many aspecis of the rol&. the new team manager has settled in well and is 'sleering the ship, forwards admirably. Lifestyle Services 'Ih Lileslylos las wilh Atjl Services) we notid Ihal since COVID we had Still struggled to gel the sold hours up lo previous largels. We Ihefelore had lo do some more re-structuring in order to bring our staff costs down in line with selling less hours. We did this Ihrough Supervisors covering some clients. We also lost the luxury of the 'floating support workers, and made a change so that the houdy rale paid no longer covor5 the userfs worker holidays or bank holidays, so no worker now on these days. The unfunded post ol Brain Injury Keyworker also had lo finish. Al the year end, we Ihen also had lo reduce the 18rget sold hours lo 600 and have staffing to meet this 2mounl. With all these adjuslmenls, this means th81 we will start the new year wilh a 'break even, budget for the first lime ever in Lifestyle servic8s. By the year end, we had been sucixssful in recwrting more peie and seem lo be building a more permanent team.
HEADWAY BIRMINGHAM & SOLIHULL TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Fundr¥isingi Publicity and Partnerships Despite fundraising continuing lo be even rnore difficult. we still exceeded our fundraisin9 targels lor the year, r8ising over £78k. There was a noticeable shift in the amount of reporting now required for even the smaller grants and thi5 in turn tak85 up considerably more time. We decided to draw a close on our Fun Runs, as since COVID. we had found it harder lo attract sufficient numbers ol runners. and lime spent organising the evenls seemed lo oulweigh Ihe gain. Instead, we re-1nlr0dud Sky Diving which proved vary SucSsl. We also became part of the annual Wheel'n'walk event in Cannon Hill Park. a fully inclusive event involving several local disability charities. Our soci81 media presence continued to grow Ihroughoul the year, with positive engagement through both Facebook and X (fo¥merly lIter). Our new Minibus finally arrived in October 2023 thanks lo funds raised The return lo the Sky Dive raised £6.000 Our Grant Raffle raise £2,500 Successful wilh granl 3pplicalions lo Sport Birmingham (£11,414) and National GrkJ1£3,7801 enabling us lo offer new sports al all three of our Hubs 21 people joined us on eel,.Wa1k 2023 helping raise over £1.500 The total amount raised through Trusts beiThJ over £30k Over £5k raised by individuals who fundraised on our behalf Over £13k raised through fundraising events Charlty Shops Our charity shops continue to be a much-valued source of income that is unrestricted and can therefore support our cor8 running costs. Customers regularly compliment bolh Dave & Kev, our drivers, when collecting and delivering items. Thi5 service has proved a big hil, both lor delivering furniture items, bul also colleding larger donations. Following our struggle since COVID lo recruit volunleefs, we actually saw a significant improvemenl in 2023 and by the year end had mel oui required volunteer helper lafgels. We are proud that our shops a well-kepl and always have good window displays. whilst at Ihe same lime, we make il our policy lo keep prices low. This seems lo be a fomiula that works and we very much hope lo lind our lourth charity shop in 2024. All the shops together achieved a Profil of over £23K donated lo Ihe charily We had many great windows displays to represent differenl seasons and events Rubery profil increased for ihe lirst lime Sin opening We saw an increase in the number of brain injured cli8nts wotking as shop volunteers Quality Lileslylg Servicos continued lo meet the siandards required of the Care Qualily Commission and currently hold a GOOD rating. We continue to assess against ouw internal standards but have no foTmal external audit yel for any service other than Lifestyles. Due lo CQC making changes lo their syslems thi5 year. we are still wailing for an updated rating. We reviewed all our Quality lools during 2023-24 and inlroduce new systems to include Carer Friendly Qu81ity Standards and Charity FramewoTk_
HEADWAY BIRMINGHAM & SOLIHULL TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Operation51Bulldings There has been a significant amount of additional time spent in the Finance Departrnenl this year due to an increased high debtors list and making many changes lo adjust to cost of living issues. Following 2 great deal of liard work. the team managed to reduce the debtors by more than half by year end. The external auditors complimented the Finance leam on improving their Systems and level ol debtorslcredilors. Further building work was also c(Jnpleled al Sutton House in 2023, which induded opening up the Physio room in the Therapy Suite upstairs and fitting out Ihe new kitd)en area lo start up the Daily Living Skill sessions. Vve have many roomslspaces nol ulilised outside ol Servi tim&s and so, as part of our income generation plan, we aim lo try and generate new income by hiring out these spaces in 2024. As a result of securing new phone and photocopier contracts, we will save over £7k over 3 years We have completed the required Cyber E55enlial Ce.ficateS 72°/o of staff 8nrolled in Company Pensions All campulers were updated as part ol the 5 yearly rotations COVID numbers redud. but we still had 36 cases We managed lo sell the MPV and (eplaced this with a new minibus Per80nnel Matters Due lo malernily leave and staff cover. the department struggled lo cope wilh meeting the needs ol the Charity. This placed further pressure on the other mana9eTS wilhin the organisation. This issue will be furth8r addressed when a Personnel Manager is appointed lo the department in April 2024 Over the period, we started to see new volunteers coming Ihrough and gained many more slud8nls. Recruilmenl was still slow bul had started lo pick up somewhat by the year end and we did manage to fill all vecancies. Future Plans We look foNard lo going into the new year with no real deficit and hope that we can work with Birmingham Council towards establishing greater financial stability over the next few years. We aim lo be able lo maintain all new sevvices once the lottery grants end and provKJe our'vision, of services for all areas along the brain injury journey.
HEADWAY BIRMINGHAM & SOLIHULL TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Flnanclal revlew The results lor the year are shown on page 14. Our clients are funded by a combinalion of Local Authorities. personal independence payments (PIP'S) and self- funding. During 2022 the local council agreed an uplift of 5.45Yts for Birmingham clients, enabling us to increase our daily lees charged lor existing clients and new ones. We still have a number of clienls paying much less than the basic rale and we continue lo work Ihrotjgh trying lo gel this resolved We are extremely grateful for the various grants and donations Irom Companies together with olhei income, that help subsidise our rates and the vafious ServIS ol supporting individuals and families of people wilh ABI. The Charity continues to have an ongoing professional structure able to support the delivery of our services and help towards securing Ihe future, thanks to the support of volunteers and staff. and sound financial management. Flnanclal and rlsk management objectives and policies The Execulive Board having looked at the main risks lo the organisalion. for example, not CeiVIng any grant funding, or a possible fall in number of clients due lo the financial restraints of Aulhorilies, has eslab5ished a policy whereby we should maintain unreslTicled funds to cover belween 3 and 6 months of expenditure. The Governance Code requires the Tiustees and CEO to assess and report on the PFospecls of the Charity and whether the business is a going concern. In considering this requirement, the Directors have taken into account the Charity's forecast cash flows, liquidity and expecled operational aclivilies. The Management Committee have reviewed, Tlsk-assessed and advised the Board of the Ch8rily's going concern having considered continued impact on services since Cowd-19 and the latesl Cost of Living Crisis. Having due regard to these matters the Directors have a reasonable expeclalion th8 Charity has adequale resources to remain going conc8rn. Rèserves policy The budget lor 2024125 anlicipales expenditure of £2.1 million during the ye8r, indicating that unfestrioted reserves should be in the range of £650k lo £75Ok. Unrestricted funds at 31 March 2024 were £691,833. Events since the year end Information relating lo evenls slnce the end ol the year is given in noles lo Ihe financial slatemenls. Structure, governance and management Governing document The Charitable group is controlled by ils governing document, a deed ot trust. and constitutes a limited company, limited by guarantee, as defined by the Companies Acl 2006. The Iruslees, who are also the directors for the purpose of company law. and who served during the year and up lo the dale of signature of the financial statements were.. Mr5 J E Campbell Mr J Cassidy Mr D Chater Mr P Durham Mrs R Kinning Mr R Lan9lon Mr C Jones Miss S J Murrell Mrwo Hughes (Resigned 29 April 20241 {Appointed 21 March 2024) (Appointed 6 September 2023) {Appointed 25 Aptil 2023)
HEADWAY BIRMINGHAM & SOLIHULL TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Recruitment and appointment of new trustees When selecting individuals for appointment as trustees. emphasis in placed on the prospective trustees, skills, knowledge and experience needed for effedive administratijn of the charity. None of the trustees has any beneficial interest in the company. All ol the trustees are members of the company and guarante8 to contribute £1 in the event of a winding up. Trustfr¢ dlrectors In accordance with our Articleg ol Association direclors are elected by company members at the Annual Geneial Meeting. In addition, the Executive Board has powers to fill any vacanc$ by co-oplion durin9 the year. Due lo Ihe Coronavirus Pandemic and Ihe various reslriclions. il was not possible to hold noimal Board Meetings Ihroughout the year. The disciplines of monthly progress reports and Key Performance Indic8tors were maintained and circulated lo all the Directors. Regular contact behveen the Chair of Trustees and the Chief Exocutive ensured strict monitoring of overall performance. In addition Board Meetings were held by video conference lo discuss and approve k8y decisions. Following agreement of the Slralegic Plan proposed Budget for the following year is formally approved by th8 Executive Board. Quarlerly reconciliations of Income and Expenditure are produced during the year lo monilor progress against this agreed Budget. This was of key imporlance during this year as Ihe full implications of the Pandemic unfolded. Qualifying third parly indemnlty provl$lon$ The Charity has Indemnity Insuran in place in respect ol the Officers ol Ihe Charily at a cost of £227 per annum. Organlsatlonal structure A carers, group for the relatives of head-injured persons in the Wesl Midlands was formally established in 1983 and first registered as a chaflty in 1987. As activities expanded a more formal organisalional structure was required and hence Headway (West Midlands) Lld was consliluled in 1992. On 21st March 2016, the Charity passed a special resolution changing ils name lo Headway Bifmingh2m & Solihull from Headway (Wesl Midlands) Ltd. 11 is a private company, limited by guarantee, regislered at Cardiff, No. 2686647 and a registered charity, No. 1008798. Our principal aims concern the relief of suffering from the effects of brain injury. The Memorandum and Articles of Association impose no unusual restrictions on the way in which the ccffipany may operate nor lay down specific investment powers. We are affilialed to Headway UK- Ihe Brain Injury Association, based at Nollingham. Induction and training of new trustees Trustees musl make available lo each new Iruslee on their firsl appoinlmenl.. a copy of the Memor8ndum and any amendments made lo it, a Copy of the Charity's lalesl Annual Report and slalemenl of accounts. Headway Birmingham & Solihull should emphasise the responsibililEs of the Trustees delailed in Ihe report. Key management remuneratlon Th9 Iru5tee5 comptise the board of directivs, WIK) are also the Charily s trusteès. and the senior managemenl team comprise the key management personnel ol the charity in charge of directing. controlling and operating the Charity on a day-lo-d8y basis. All Iruslees give their lime freoly and no trustee reiVed remuneration in the ye8r ending 31 March 2024. The remuneration paid to the Charity's employees is reviewed annually and a performance related increase is made where appropriate. The pay is benchmarked againsl pay levels for other roles with similar responsibilities elsewhere within Ihe sector and we have also maintained oui Real Living Wage employer slatus. Related parties Headway Birmingham & Solihull Trading Limited derives ils income from Headway Birmingham & Solihull's charity shop oullels. Any profits generated by the Charity's subsidi8ry company are donated lo Ihe charily. Auditor In accordance with the company's articles, a resolution proposing Ihal BK Plus Audit Limited be reappointed a8 aliditor of the company will be put al a General Meeling.
HEADWAY BIRMINGHAM & SOLIHULL TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Dlselosur& of Informatlon to auditor Each of the trustees has confirmed that there is no information ol which they are aware which is relevant lo the audit, but of which the audilor is unaware. They have further confirmèd Ihat they have taken approwiale steps to identify such relevant information and lo establish that the auditor is aware of such information. The Irustees, report was approved by the Board of Trustee5. Mr D Chaler Trustee 21 October 2024
HEADWAY BIRMINGHAM & SOLIHULL STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The trustees, who are also the directors of Headway Birmingham & Solihull for the purpose of company law, are responsible for preparing Ihe Trustees, Report and the financial slalemenls in accordance with applicable law and United Kingdom Accounting Standards (United 'ngdorn Generally Accepted Accounting Pr2dice}. Company Law reqtsires the Iruslees lo prepare financial slalements for each financial year which give a true 2nd fair view of the slate ol affairs of the Charitable group and of the incoming resources and application of resDurces, including the income and expenditure, of the charitable company for Ihal year. In preparing these financial statements, the Iruslees are required to". select suitable accountin9 policies and Ihen apply them consislenlly; observe the methods and princip185 in lh6 Ch8rities SORP- make judgements and estimates that are reasonable and prudent: slate whether applicable UK Accounting Standards have been followed, subject lo any material departures disclosed and explained in the financial statements.. and prepare the financial stalemenls on the going conc8Tn basis unless it is inappropriate to presume thal the Charitable group will continue in operation. The Iru5tees are responsible for keeping adequale accounting records that disclose with reasonable accuracy al any lime the financial position ol the Charitable group and enable them lo ensule th81 Ihe financi81 slalemenls comply with the Companies Acl 2006. They are also responsible for safeguarding the a55els ol the Charitable group and hence for taking reasonable steps for the prevention and detection of Iraud and other irregularities. io-
HEADWAY BIRMINGHAM & SOLIHULL INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF HEADWAY BIRMINGHAM & SOLIHULL Opinion We have audited the financial statements of Headway Bimiingham & Solihull Ilhe 'Charilable group'} for the year ended 31 March 2024 which comprise the slalement of financial activilies, the balance sheet. the statemenl of cash flows and notes lo the financial statements, including significant accounling policies. The financial reporting framework that has been applied in their preparation is applicable law 2nd United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Stand8rd applic8bl& in th8 UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Pra¢li¢e). In our opinion, Ihe financial statemenls.. give a true and fair view of the slale of the charitable group's affairs as al 31 March 2024 and of its incoming resources and application of reSoUrs, including ils income and expenditure, for the year then ended.. have been properly prepared in accordance wilh United Kingdom Gen8rally Accepted Accounting Practice,. and have been wepared in accordance with the requirements of Ihe Compaw)ies Act 2006. Basis lor oplnlon We conducted our audit in accordance with Inlernalional Standards on Auditing {UK) (ISAS {UKII and applicable law. Our responsibilili05 under Ih05e standards ale further described in the Audilor's r8sponsibilities for the audil of the linancial 51atementS Section ol our feporl. We are independent of the Charitable group in accordance with the ethical requirements Ihal are relevant lo our audit of the linanual slalemenls in the UK. including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilits.es in accordance with these requirements. We believe th81 the audit evidence we have obtained is sufficienl and appropriate lo provide a basis for our opinion. Conclusions relating to going concern In avdiling the financial slalemenls, we have concluded that the Iruslees, use of the going concern basis of a¢wunting in Ihe preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or condilion5 Ihal, individually or collectively, may cast significant doubl on the Charitable group's abilily to continue as a going concern for a period ot al least e1ve months from when the financial slalements are aulhorised for issue. Our responsibilities and the responsibilities of the trustees with respecl lo going conrn are described in the relevant sections of this report. other Informatlon The other Information comprises Ihe information included in Ihe annual report other than the financial statements and our auditor's report Ihereon. The trustees are responsible for the other information contained within the annu31 report. Our opinion on the financial s18temenls does not cover the other information and, except to the exlenl otherwise explicitly slated in our report, we do nol express any form ol assurance conclusion thereon. Our responsibility is lo read the other information and, in doing so, consider whether the other inlormalion is m8teri811y inconsistent with the financial s181emenls or OLtr knowledge obtained in the course of Ihe audit, or otherwise appears lo be materially mi551aled. If we identify such material incon5islencies or 8pparenl m8lerial misslatemenls, we are required lo determine whether this gives rise to a malerial misslalement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material mi5stalem8nt of this other information. we are required to ieport that fact. We have nothing to report in this regard. Oplnlons on other matters prescrlbed by the Companies Act 2006 In our opinion, based on the woik undertaken in the course ol our audil-. the Information given in the truslees, repott lor the financial year for which the financial 51atemenls are prepared. which include5 the directors. ¥eport prepared for the purposes of company law, is consislent with Ihe financial slalemenls., and the directors, teport included wilhin the twstees, rewjrt has been prepared in accordan with applicable legal iequirements. 11
HEADWAY BIRMINGHAM & SOLIHULL INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF HEADWAY BIRMINGHAM & SOLIHULL Matters on which we are requlred to report by exception In the light of the knowledge and understanding of the Charitable group and its environment obtained in the course of the audit. we have not identified material misslalements the directors, report included within the truslees, report. We have nothing lo report in respect of the following matters in relation to which the Companies Act 2006 requires us lo report lo you if, in our opinion". adequale accounting records have not been kept. or relums adequate for our audit have not been received from branctes nol visiled by us" or the fi'nancial slalemen15 are not in agfeemenl wilh the acCntIng records and returns.. or certain disclosures ol trustees, remuneration specified by law are not made., or we have not received all the information and explenalions we require for our avdil., or the Iruslees were not entitled lo prepare the financial slaternenls in accofdance with the small companie5 regime and lake advantage of the small companies, exempts'ons in preparing th8 Iruslees, report and from the requirement to prepare a strategic report. Re8pon8ibilities of trustees As explained more lully in the slalement of liuslees. responsibilities. the Iruslees, who are also the directors of the Charitable group lor the purpose of company law. a responsible for the preparalion of the fi'naneial statements and for being satisfied that they give a true 2nd lair view, and for such internal conlrol as the Iruslees deleTffline is n8cessary lo enable Ihe preparation of linanaal slalements Ihal are free fiom material misstatement, whether due lo fraud or error. In preparing the financial statements, the trustees are responsible for assessing Ihe Charitable group's ability lo continue as a going concern, disclosing, as applicable, maller5 related lo going concern and using the going concern basis ol accotjnling unless the ITusle8s eilher intend lo liquidate the charitable company or lo cease operations, or have no realistic allernalive bul lo do so. Auditor's responsibilities for the audlt of the financlal staternents Our objeclives are lo obtain reasonable assuran aboul whether Ihe financial statements as a whole ar8 free from material misslalemenl, whether due lo Iraud or eiior, and lo issue an au(Jilorfs report that includes our opinion. Reasonable assurance is a hi9h level of assurance but is not a guaranlee that an audit conducted in accordance with ISAS (UK} will always delecl a malerial mstateMent when il exists. Misslalemenls can arise from fiaud or error and are considered material if. individually or in the aggregate, Ihey could reasonably be expected lo inlluen( the economic decisions of users tsken on the basis ol these fMancial slalemenls. The exlenl lo which our procedures 8re CApable ol detecting irregularities, including fiaud. is detailed below. Enquiry of management, those charged with govemance around 8clual and polenlial liligation and claims., Enquiry of anlily staff to idenlify any instances of non-compliance with law5 and regulations,. Reviewing fin2nual slalemenl disdosures and lesting to 5UPPOrting documentation to assess compliance with applicable laws and Tegulalions. Performing audit work over the risk of managemenl override of controls. including tesling of iouinal entries and other adjuslmenls for appropriateness, evaluating the business rationale of significant transaclions outside the normal course of busine55 and reviewing accounting eslimales for bias. Performing audit woik over the risk ol understatement of income including subslanlive testing and obtaining Co[borated explanations from Management. Because of the inherent limitations of an audil. there is a risk that we will nol detect all irregularilies. induding those leading to a material misslalement in the financial statements or non-complian with regu181ion. The risk is also greatèr regarding irregularities occurring due to fraud rather than error, as fraud involves inlenlK)nal concealment, forgery. collusion, omission or misrepresenlalion. A further dèscription of our responsibilities is available on Ihe Financial Reporting Council'5 website al.. htlp5'.11 www.frc.org.uklaudilorsTesponsibililies. This description forms part of oui auditor's report. 12-
HEADWAY BIRMINGHAM & SOLIHULL INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF HEADWAY BIRMINGHAM & SOLIHULL Use of our report This report is made solely to Ihe company's members, as 2 body. in accordance with section 391 01 the Companies Act 2014. Our audit work has been urKJertaken so that we mighl state to the company's members Ihose mallers we are required lo slate lo them in an auditor's report and for no other purpose. To the fullest exlenl permilled by law. we do nol 2ccepl or assume responsibility to anyone other than the company and the company's members as a body, lor our audit work, for this Teport. or for the opinions we have foimed. Paul Mannlon FCCA, FCA (Senior Statutory Audltor} for and on behalf of BK Plus Audit Limited 21 October 2024 Chartered Certified Accountants statutory Auditor 2 Highlands Court Cranmore Avenue Solihull Wesl Midlands B90 4LE 13-
HEADWAY BIRMINGHAM & SOLIHULL CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restrictèd funds funds 2024 2024 Total Unrestrlcted Réstricted funds funds 2023 2023 Total 2024 2023 Notes Income and endowments from: Donali011s ynd legacies Ch8ri1able Eclivilies ABIP Lifestyle services F & C services Wellbeing Other trading activities Investments Other income 11,813 100,914 112,727 34,176 31.208 65,384 871,563 503,604 871.563 503,604 176,023 4.244 830,882 408,264 830,882 408,264 140,420 176.023 140,420 4,244 238,923 3,191 13,000 238.923 3.191 13.c0 223.857 990 223,857 990 Total Income 1,646,338 276.937 1,923,275 1,498.169 171,628 1,669,797 endSture on.. Raising funds 152,597 152.597 164,288 164,286 Charitable 8clivilies 1,578,436 292.146 1,870,582 1,380.280 190.982 1,571,262 Total expenditure 1,731,033 292,146 2,023,179 1,544.566 190,982 1,735.548 Net expenditure for the yearl Net movement In funds 184,695) (15.209) I99.4) 146.397) 119,3541 165,7511 Fund balances 811 April 2023 776.528 367,308 1,143,836 822.925 386.662 1.209,587 Fund balances at 31 March 2024 691.833 352.099 1.043,932 776.528 367,308 1,143,836 The statemenl ol financial activities includes all gains and105ses recognised in the year. The statement ol financial activities includes aH gains and losses recognised in the year. All income and expenditure derive frotn continuing aclivilies. The slatemÈnl of financial activities also complies with the requirements for an income and expendilutp account under Ihe CompaniesAct 2006. 14
HEADWAY BIRMINGHAM & SOLIHULL CONSOLIDATED AND CHARITY BALANCE SHEET AS AT31 MARCH 2024 Group 2024 Charity 2024 2023 2023 Notes Fixed assets Tangible assets Investments 15 14 734.563 714.902 734,067 1(KJ 713,821 100 734.563 714,902 734,167 713,921 Currant assets Debtors Cash at bank and in hand 17 143,485 253.332 132,844 391,494 153,657 234,177 168,357 346,007 396.817 524,338 387,834 514.364 Creditors.. amounts falling due within one year 18 (87.448) {95.4041 178,069} {84.4491 Nel current assets 309.369 428.934 309,765 429,915 Total assets less current Ilabllltles 1,043,932 1.143,836 1,043,932 1,143,836 Income funds Reslricled funds Designated funds Unrestricted funds 20 21 352.099 367.308 24,0 776,528 352,099 367.308 24.000 776,528 691,833 691,833 1.043.932 1,143,836 1,043,932 1,143,836 These financial slalemenls have been prepared in ar£Ordan with Ihe provisions applicable to companies subje¢l lo the small companies Iggime. The financial atemènls were approved by the Trustees on 21 October 2024 MrD Trustee ter Company regi5tratlon number 02686647
HEADWAY BIRMINGHAM & SOLIHULL CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operating activities Cash labso¥bed byllgeneraled Irom operations 28 (98.021 } 55,566 Investing activities Purchase of tangible fixed assets Proceeds from disposal of tangible fixed assels Investment income received (56,332) 122,4541 13.000 3,191 Net cash used in investing activities 140,141} (21.4641 Financlng actlvitles Net cash used In flnanclng a¢tlvStl¢s Net Idecreasellincrease in cash and cash equlvalents {138,162) 34,102 Cash and cash equivalents al beginning of year 391,494 357,392 Cash and cash equivalents at end of year 253,332 391,494 16-
HEADWAY BIRMINGHAM & SOLIHULL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng polleles Charity information Headway Birmingham & Solihull is a prrvate company limited by guarantee incorporated in England and Wales. The registered office is Leighlon House, 20 Chapel Rise. Rednal, Birmingham, Wesl Midlands. B45 9SN. 1.1 Accountlng convention The financial statements have been prepared in accordance with the Chanlable group's Constilulion, th& Companies Act 2006, FRS 102 "The Financial Reporting Standaid applicable in the UK and Republic of Ireland" l FRS J02'1 and the Charities SORP "Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable to charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 20191 The Charitable group is a Public Benefit Entity as defined by FRS 102. The fi'nancial slalemenls are prepared in sterling. which is the functional currency of the Charitable group. Monetary amounts in th85e linancial statements are rounded to the nearest £. The linancial statements have been ppared under the historica5 cost convents'on. The principal accounting policies adopted are set out below. The financial slatemenls consolidate Ihe résults ol Ihe charity and ils wholly oewned subsidiary Headway Birmingham & Solihull Trading Limited. The results of the subsidiary are consolidated within the slalem8nl of Financial Aclivilies (SOFA) on a line by line basis. 1.2 Going concern Al the lime ol approving the financial slalemenls, the Iruslees have a reasonable expectation that the Charitable gloup has 8dequale resour$ to conlinue in operational existen for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financjal slalements. 1.3 Charitable funds Unreslricled funds are available for use al Ihe discretion ol the trustees in furtherance of their charitable objectives. D85ignaled fund5 comprise unrestricted funds thal have been sel aside by the trustees for particular purpose5. Reslricled funds are Subject 10 Specific condilions by donors or granlors as lo how they may be used. The purposes and uses of the reslricled funds are sel out in the notes to the financial slalements. Endowment funds are subject lo specific conditions by donors that the capiial must be mainlained by the Charitable group. 1,4 In¢ome Income is recognised when the Charitable group is legally enlilled lo il after any performance conditions have been met, the amounts can be measured reliably. and it is probable that income will be received. Cash donations are recognised receipt. Other donations are (ecognised once the Charitable group has been notified of the donalion. unless perfoimance conditions require deferral of tho amounl, Incomo tax recoverable in relation lo donations r1ve under Gift Aid 01 deod5 of covenant is recognised al the time of the donation. Legacies are recognised on receipl or 0rWISe if the Charitable group has been notified of an impendin9 dislribiilion. the amount is kn(w4n. and reIpt is expecled. If the amount is not known, the legacy is treated as a contingent asset.
HEADWAY BIRMINGHAM & SOLIHULL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies {Continuedl Assets for distribution are recognised only when distributed. Assets given for use by the Charitable group are recognised when receivable. Stocks of undistribuled donated goods are not valued for balance she&l purposes. 1,5 Expenditure Expenditure is recogntsed once there is a legal or constructive obligation to transfer economic benelit to a third paty. it is probable that a Iransler ol economic beneh"Is will be required in settlement, and the amount of the obligation c£n be measured reliably. Expendilure is classified by activity. The costs of each activity ar8 made up of the lolal of direcl costs and shared costs, including support costs involved in undertaking each aclivily. Direct costs allribulable to a single activity are allocated directly lo Ihal 8clivily. Shared costs which contribute lo than one aclivily and support cosis which are not attributable lo a single aclivily are appotiioned belween those activitiss on a basis onsislenl with Ihe use ol resource5. Central slaff costs are allocated on the basis of lime spent, and depreciation charges are allocaled on the portion ol the assel's use. 1.6 Tangible flx8d assets Tangible fixed assets are initially measured at C051 and subsequently measured al cost or valualion, nel ol depreciation and any impaimienl losses. Depreciation is recognised so as to write off the cost or valuation of assets sS their re%dual values over Ihgir useful lives on the following bases.. Freehold lano and buildings Leasehold improvements Fixtures and fittings Motor vehicles Craft equipment 2% on cosls Straight line over the life of Ihe lease 50Vo on cost and 25% on ¢osl 200/0 on cosl 1000/ts on cost The gain or loss arising on the dispos81 of an asset is determined as the difference beeen the sale proceeds and the Cerrying value ol the assel, and is recognised in the slalement ol finanu81 aclivi118S, 1.7 Impairment of fixed a55ets Al each reporting end date, the Charitable group reviews the catrying amounts of its tangible assets to dètermine whether there is any indication Ihal those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the a55el is estimated in order lo determine the extent of the impairment loss {if any). 1.8 Cash and cash equivalents Cash and cash equivalen15 include cash in haTKI, deposits held at call with banks, other short-lerm liquid inveslinenls with original maturities ol Ihree months or less. and bank oveidfarts. Bank overdrafts are shown within borrowings in current liabililies_ 1.9 Financial instruments The Charitable group has elected lo apply the provisK)ns of Section 11 'Basic Financial Instruments. and Section 12 '01her Financial Inslrumenls15sue5' of FRS 102 10 811 of 115 financial instruments. Financial in51rumenls are recognised Ihe Charitabl& groLfP'S balan sheet when the Charit8ble group becomes party to the conlraclual provisions of the instrument. Financial assets and liabilities are offset, with the net amounls presenled in the financial slalemenls. when there is a legally enlor¢eable right lo set off the recognised amounts and there is an intention to sellle on a nel basis or lo realise the asset and setlle the liability simultaneously.
HEADWAY BIRMINGHAM & SOLIHULL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies {Continuedl Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at Iransaclion price including transaction costs and are subsequently carried at amort15ed cost using the effective interest method unless the arrangement conslilules a financing Iransaclion, where the Iransaclion is measured al the presenl value ol the lulure receipts discounted at a market rate of inleresl. Financial assels classified as receivable within one year are not amortised. Baslc financial liabilities Basic financial liabilities, including creditors and bank loans are inilially recognised at transaction Pfice unless the arrangetnenl conslilules a financing transaclion, where Ihe debt inslrumenl is mea5UTed al the present value of the futurg payfflenls discounted al a markel rale ot inleresl. Financial liabili118s classilied as payable within one year are not amartised. Debt instruments are subsequersily &grried at amortised cost, using the effective interest rale method. Trade creditors are obligations lo pay lor goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presenled as non-currenl liabilities. Trade creditors are recognised inilially al transaction price and subsequenlly méasured al amortised cosl using Ihe effective interest melhod. Derecognition of linanci?I liabilitles Financial liabilities are derecognised when the Charitable group's conlraclual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday enlillement 15 recognised in the period in which the employee's services are received. Termination ben8fits are recogni5ed immediately as an expense when the Charitsble group is demDnslrably mmitted lo lerminale the employment of an employee or to provKle lermin81ion benefits. 1.11 Retlremenl beneflts Payments lo defined conlribulion relirement benefit scheme5 are charged as an expense as they fall due. 1,12 Stock The Charity receives donated goods which are sokl in its subsidiary's Charity shops. Donated goods are not recognised as slock as it is impractical to reliably measure the fair value of donated goods. 19
HEADWAY BIRMINGHAM & SOLIHULL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Crltlcal accounting estimates and judgements In the application of the company's accounting policies, Ihe trustees are required to make judgements, eslimales and assumptions about the carrying amount of assels and liabilities that are not readily apparent from other sources. The eslimales and 2ssoci2led assumpts'ons are based on historic81 experien and other factors that are considered lo be relevant. Actual resulis may differ from these estimates. Re¢overablllty of debtors Management are required to estimate prudent provision for any amounts considered irrecoverable. The value of the provision is estimated and reviewed annually lo ensure accuracy.. Useful economlc life of non-current assets - Management eslimate the useful economic life of non-currenl as5els based on the perio(J over which the asset is expected to be used and provide for depreci3tion accordingly. Where an indicalion ol impaiimenl is idenlilied the eslimalion ot recoverable value requires eslimalion. The eslimales and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting eslimales are recognised in the period in which the estimate is revised wheie the revision affects only Ihat period, or in the period of the r8vision and future periods where the revision affecis both curfenl and future periods. Income from donatlons and lega¢les Unrestricted Restrlcted funds funds 2024 2024 Total Unrestrlctod Restricted funds funds 2023 2023 Total 2024 2023 Donations and gifts Grants 11,813 11.813 100.914 20,783 13,393 20,783 44,601 100,914 31,208 11,813 100,914 112.727 34,176 31,208 65,384 Grants recelvable for core a¢tivities 8irmingham City Council Grant Leighton House - Healing Grants Minibus Grants Sutton House- DLS Grant Sutton House- Gym Grant Activities Gran15 Sports England National Lottery Communily Fund - Wellbeing Hub National Lottery Community Fund - Vocatioiial Assistance Programme 13,393 13.393 5,550 13,750 5.550 13,750 6.260 6,260 7,398 7,398 350 4.160 350 4,160 15.424 11.415 15.424 11.415 58.573 58.573 9,242 9.242 1(KJ.914 100.914 13.393 31,208 44,601 ~20-
HEADWAY BIRMINGHAM & SOLIHULL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from donations and legacles {Conlinued Income from other trading activitlÈs Unrestrlcted Unrestricted funds funds 2024 2023 Fundraising events Charity shop incomè 28,149 210,774 18,383 205,474 Other trading activities 238,923 223,857 21
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HEADWAY BIRMINGHAM & SOLIHULL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from investments Unrestrieted Unrestricted funds funds 2024 2023 Interest receNable 3,191 990 Other Income Unrestrlcted Unrestricted funds funds 2024 2023 Nel gain on disposal of tangible lixeij assets 13,000 Expenditure on ralslng funds Unrestrlcted Unr8Stricted funds funds 2024 2023 Tradlng costs Staff costs Support costs 81,695 70,902 70,537 93,749 152,597 164,286 -23-
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HEADWAY BIRMINGHAM & SOLIHULL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Support costs allocated to activitles 2024 2023 Staff costs Depreciation Premises Cost Communication and IT Motor & travel costs Sundry expenses Legal and Pfofessional Activities & associated Interest payable Governance costs 269.418 793 89.793 21,711 4,624 19,572 15,657 24,416 5.031 19.536 244,139 851 95,871 23,26S 3,515 14,697 9.128 16.925 4.253 16,293 470.551 428,938 Analysed between: Fundraising ABIP Lileslyle F and C services Wellbeing 70.902 203.967 130,093 55,010 10,579 93,749 216,891 67,593 50,705 470,551 428.938 1 Net movement In funds 2024 2023 The net movement in funds is slated after chargingllcredilingl.. Fees payable lor the audit of the charity's financial slalements Deprecialion ol owned tangible fixed assels Profit on disposal of tangibl8 lixed assels 19,536 36,671 113,0001 16,293 48,569 12 Trustees None ol the Iruslees lor any persons connecled wilh them) received any remuneration 01 b&nefil8 from the Charitable group during Ihe year. 13 Employees The average monthly number ot employees during the year was.. 2024 Number 2023 Number Charity staff Trading company staff 73 Total 92 80 -25-
HEADWAY BIRMINGHAM & SOLIHULL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Employees (Continued) Employment costs 2024 2023 Wages and salaries Social securily costs Other pension costs 1,445,264 90,210 22,935 1,204,911 76,029 18,676 1.558.409 1,299,616 The number of employees whos8 annual remuneration was more than £60,000 is as follows.. 2024 Number 2023 Numbgr £60,000 - £70.cj0 Conlribulions totalling £1,32012023'. £1,320) were made to defined conliibulion pension schemes on behalf of employees whose emoluments exed £60.000. Remuneratlon of key management personnel The remuneration of key management personnel was as follows.. 2024 2023 Aggregate compensation 135,631 125,584 14 Taxatlon The charity is exempl Irom laxalion on ils activities because all ils income is applied for charitable purposes. -26-
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HEADWAY BIRMINGHAM & SOLIHULL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Tangiblo flxed assets Iconlinued) The carrying value of land included in land and buildings i])mprises'. 2024 2023 Freehold Short leasehold 644,587 34,780 656,545 40,737 679,367 697.282 16 Investments The investment comprises ol a IOOOA holding of the ordinary share capital of Headway Birmingham & Solihull Trading Limiled, a company registered in England and Wales. The principle activity of Headway Birmingham & Solihutl Trading Limited is that of operating charity shops. The profits earned by the subsidiary are donated to Ihe charity. A summary of Ihe $ubsidiaWs results are shown below. 2024 2023 Turnover Governmenl grants Icovidl Direct ¢osls and adminislralion cosls 210,773 205.474 (187.688) {164,286) Net Profil 23,085 41,188 Amount donated to the charity (23,085) {41,1881 The assets and liabilities of Ihe subsidiary were.. 2024 2023 Fixed assets Current assets Current liabilities 496 33,635 (34,0311 1,081 53,834 154.815} Total nel assets 100 loo Aggregate share capital and resee$ 100 -29-
HEADWAY BIRMINGHAM & SOLIHULL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Debtors 2024 2023 Group Trade debtors Other debtors Prepayments and accrued income 123,358 3,949 16,178 111,466 4,633 16.745 143,485 132.844 2024 2023 Charlty Trade debtors Other debtors Prepayments and accTU8d income Amounts owed by subsidiary undertakings 120,002 110.882 791 12,826 43,858 g,CtJ2 24,653 Total debtors 153,657 168,357 18 Creditors: amounts falling due within one year Group 2024 2023 Trade crediloTS Other creditors Accruals and deferfed income 11,424 30,159 45,865 16,820 20.290 58,294 87,448 95.404 Charity 2024 2023 Trade creditors Other creditors Accruals and deferred income 7.888 28,418 41,763 11,500 18,649 54,300 78,C69 84,449 30-
HEADWAY BIRMINGHAM & SOLIHULL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Retirement benefit schemes 2024 2023 Defined contribution schemes Charge to profil or loss in respect of defined contribution schemes 18,095 14,319 The Charitable group operates a defined contribution pension scheme for all qualifying employees. The assets ot the schem8 are held separately from those of the Charitable group in an independently administered fund. 20 Restricted f unds The reslricled funds ol the charily comprise Ihe unexpended balances of donations and gianls held on trust subject lo specilic conditions by donors as lo how they m8y be used. At 1 Aprll 2023 Incoming resources Resources At 31 March expended 2024 Cararfs Services FUTh Leighlon House Building Fund-capital Minibus Fund-capilal IT Equlpmenl Fund-capitsl Stained Glass repairs Sullon House Lift Fund -Capi181 Activities Fund Sullon House Gym and Wellbeing Fund-capital Minibus Fund {20231- Capital Sutton House KilchenlDLS National Lottery Communily Fund - Wellbeing Hub Nalional Lotigry Community Fund - Vocational Assisted Programme 176.023 1176.023) 111.958) 16,267) {1,017) 295,698 7.021 1,017 2,000 26,866 4,307 10.429 13.750 6,220 283.740 754 2,000 23,431 11.441 8.875 18.186 3,672 13,435) 119,705) 11.554) 11.824) 12,548) 26.839 6.260 58,573 158.5731 9,242 19,2421 367,308 276.937 1292,1461 352,099 31
HEADWAY BIRMINGHAM & SOLIHULL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Reslrlcted fund5 (Continued) Previous year: At 1 April 2022 Incoming resources Resources At 31 March expended 2023 Carerfs Services Fund Leiqhlon House Building Fund-capital Minibus Fund-capilal IT Equipmenl Fund-capilal Stained Glass repairs Sullon House Lift Fund -Capilal Aclivilie5 Fund Sulton House Gym and Wellbeing Fund-capilal Leighlon House Healing Fund Sulton House KilchenlDLS Minibus Fund12023)-Capilal 759 307.656 13,288 2.127 2,000 44,050 3,041 13,741 140,420 (141,1791 {11,9581 16.2671 (1,110) 295.698 7,021 1,017 2,000 26,866 4,307 10,429 (17,1841 12,8941 13,6621 15.5501 11,1781 4.160 350 5,550 7,398 13,750 6,220 13,750 386.662 171.628 {190,982) 367,308 -32-
HEADWAY BIRMINGHAM & SOLIHULL NOTES TO THE FINANCIAL STATENIENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Restrlcted funds (Continued) Family and Carer SeNlces Fund This carer services work indudes cate carried oul by Community Outreach workers and carer support and training co-ordinators. Leighton House Building Fund-capital This reslricled fund relate5 to the purchase and dovelopmenl of Leighton House in 8irmingham, Leighton House is used IOT social rehabilitation activities for brain injured people. Grants and donations were received to fund the original property purchase and development in July 2007. During subsequent years further grants were received lo facilitate the building an annex and a foyer to provide much needed accommodation. The annexe was rnpleted during lh8 year ended 31 March 2017 and the foyer was complete in the year ended 31 March 2020. The property Is subject to depreciatson charge in accofdance with the charity's accounting policies. A lirsl legal charge is held on this prop&rty by the Lollery Board in respect ol grant monies paid lo the Charity in order to fund the property's original purchas8. Minlbus Fund-capltal This grant was received to lund the purchase of the minibus which the Charity will use in order to transport staff, carers and clients. IT Equipment Fund-capital This grant was received lo purch8se a new computer for use by clients and staff. Stalned Glass Repalrs Fund This grant was raised lo repair the damaged stained glass window. Sutton House Lift Fund-capital This fund has been raised lo provide a lift for the new premises in Sutton Coldlield which will be used for social rehabililalion activities for brain injured peopl8. Sutton House Gym and wellbeSng Fund-capital This fund has been raised lo provide a gym and equiprnenl lor the new PTemises in Sutton Coldfield which will be used for social iehabilitalion aclivilies for brain injured people. Activities Fund This fund has been received lo assist carers on the charity's premises wilh the provision of the social rehabilitation activities for brain injured people. Mlnlbus Fund120231-Capital The grants have been received to lund the purchase of a minibus which the Charity will use in order to transport staff, carers and clients. Lelghton House Heating Fund This fund was raised lo repair the healing sysiem al Leb3hlon House. Sutton Hpuse Kitchen l DLS Thi5 grant was received lo re-fil a Kitchen for lh9 DLS (Daily Livin9 Sessions) which assist brain injured people lo learnlre-learn how lo plan, piepafft and cook which helps them understand the impact of nutrition on th8ir wellbeing and also boost their Self_Confen. Natlonal Lottery Communlty Fund - Vocational Assistance Programme The grant was lo fund a pilot programme aimed al helping brain injuied people move onlo the next level of their recovery journey which will Include specialist brain injury training. vocational training and qualificalionl placement support. National Lottery Community Fund - Wellbeing Hub The grant is the first years funding ol a 3 ye3r programme lo help fund the costs of eare caiiiod out by Commuiiity Outreach workers and care supporl and training co-ordinators -33-
HEADWAY BIRMINGHAM & SOLIHULL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 21 Unrestricted funds The unrestricted funds of the charity comprise Ihe unexpended balances of donations and grants which are not subject lo specific conditions by donors and grantors as lo how they may be used. These include designated funds which have been set aside out of unrestricted funds by the Iruslees for specific purposes. At 1 April 2023 Incoming resources Resourees expended Transfers At 31 March 2024 Motor vehicle General funds 24,0 752.528 (24,000) 24,000 1,646.338 11,731.033) 691.833 776,528 1,646.338 11.731,033) 691,833 Prevlous year.. At 1 April 2022 Incoming resources Resour¢p$ expended Transfers At 31 March 2023 Motor v8hi¢le General funds 16,000 806,925 8,000 {8,lJOOI 24,000 752,528 1,498,169 11.544,5661 822,925 1,498,169 11,544,566) 776,528 Deslgnated Fund- Motor vÈhiclè.Capital This designated fund wag sel aside by the Iruslees io provido an additional or replacement motor vehicle which has been purchased during the year. -34-
HEADWAY BIRMINGHAM & SOLIHULL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 22 Analy3is of net assets between funds Group Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restrleted funds funds 2023 2023 Total 2024 2023 Fund balances al 31 March 2024 are represented by.. Tangible assets Current asselsllliabililies) 395,905 295,928 338,658 13,441 734,563 309,369 372.380 404,148 342.522 24,786 714,902 428,934 691,833 352,099 1,043.932 776.528 367,308 1,143,836 Charity Unrestrlcted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 Total 2024 2023 2023 Fund ba18nces al 31 March 2024 are repiesenled by.. Tangible assets Investments Current assetsllliabililies) 395,409 100 296,324 338,658 734.067 100 309.765 371,299 100 405.129 342,522 713,821 100 429,915 13,441 24,786 691.833 3S2,099 1,043.932 776,528 367,308 1,143.836 23 Capltal commitments 2024 2023 Amounts conlfacl8d for but not provided in Ihe financial slalemenls.. 2024 2D23 Acquisition of property, plant and equipment 50,875 35-
HEADWAY BIRMINGHAM & SOLIHULL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 24 Operating lease commitments Al the reporting end dale. commitments for future minimum lease payments under nOn-CanlIable operating leases fall due as follows.. Group 2024 2023 Within one year Belween iwo and five years 47,783 14,7iY) 85.700 62,483 62,483 148,183 Charity 2024 2023 Within one year Between two an¢J five years 27,083 65,000 27,083 27,083 92.083 25 Events after the reportlng date The sector that Headway Bimingh8in & Solihull and ils subsidiary operates in is still experiencing the effects ol Covid -19. There has been 8 continued impacl on the nufflber ol placements and hours sold in our services. The Trustees and staff are working hard lo increase the placements and overcome the difficulties with staff recruilmenl. In addition, the Iruslees have taken steps to mitoale Ihe effeel of Ihe worsening UK econotny and increased inflation on the Charity and ils subsidiary's future costs. Although the the trustees consider that an accurate estimate of the possible lulure impacl cannot be made. The Iruslees confirm that they have considered Ihe effect of any further uncertainties as known al dale ol signing associated lo the impacl of CovKJ-19 and the woisening UK economy when considering the group's going concern position. 26 Parent Company's Statement of Financial Activities The Parent Company has taken advantage ol the exemption permitted by Section 408 of tho Companies Act 2006 and has not published ils own Statement of Financial Activities. The lotal comprehensive income atlribulablè lo Ihe parent company, was a deficit of £9g.904 {2023. £65.751 }. 27 Aiialysis of changes in net funds The Charitable group had no material debt during Ihe year. -36-
HEADWAY BIRMINGHAM & SOLIHULL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 28 Cash generated from operations 2024 2023 Deficit for the year (99,9041 {65,7511 Adjustments for.. Investment income recognised in slalemenl of financial activities Gain on disposal of tangible fixed assels Depreciation and impaimienl of langible fixed assets 13,1911 {13,000} 36,671 19901 48.569 Movements in WOTking capital.. {IncreasÉlldecrease in debtors {Decreasellir)crease in creditors 110.641} 17,956) 44,380 29,358 Cash {absorbed by)Igenerated from operations 198,021) 55,566 -37-
THANK YOU TO OUR COMMISSIONERS & FUNDERS Blrmingham City Council, Solihull Metropolitan Borough Council Worcestershire City Council Birmingham Forward Carers, Birmingham Disability Resource Centre BVSC Ageing Better Higgs PLC Solicitors, CFG Law, Slater & Gordon, Express Solicitors, Thompsons Solicitors, Irwin Mitchell The National Lottery Community Fund - Reaching Communities The National Lottery Community Fund - Building Better Connections Fund The Henry Smith Charity Sport England, National Grid, Provincial Grand Lodge of Warwickshire Ul)(16' The Henry Smith Charity . COMMUNITY FUND SPORT I ENGLAND Slater E XP R E S S HIGGS C FG I>>>JX)O SOLIC I TOR S iix¢•tPK)rikh¥ i(rh)•iF*nglw•dp•oF4• TO EVERYONEWHO SUPPORTED US THROUGHOUTTHEYEAR
Headway Birmingham & SolihuLI ervices 2023-2 Headway Birmlngham & Solihull has a strong reputation for delivering a wide range of services that make a real difference to people's Ilves. These have been speciflcallydesigned to address the specific complex needs that people with acquired brain injury may have to deal with. We work collaborativelywith others, both in the public and not for profit sectors, to ensure those in our community get the best possible range of advice and support to address these individual needs. KEY DATA tal users accessi "POSITIVE Feedback Over £25K Services over the year reported that they had made an improvement ;, in at least one of theiril goal areas through Headway support I from over Income for the charit ,was generated throug our Charity Shops 119 1,300 Users 108 340/ Users said that Headway had made People employed across the year of all clients 73 accessing our services were a blg difference from a BAME background People volunteered across the year 94% 41 We supported over 60% hanges/improvements made following user suggestions/requests of people accessing our Services were female, 800 Families 400A acr055 the year were male