.4b, 11 19 ni (.hHeadway Blrmingham & Solihull DIRECTORS REPORT 2024-25 Ilèg. Chafliy No, IIXIB798 Company No. 2686647 Charity registratlon 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 2025 HEADWAY BIRMINGHAM & SOLIHULL LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs J E Campbell Mr J Cassidy Mr P Durham Mr R Langton Mr C Jones Mrs S Morris Mrs H Green Dr N Wheleer Mrs C Armstrong (Appointed 1 May 20251 (Appointed 1 May 20251 (Appointed 7 November 2024) Secretary Mr R Langton Charlty number 1008798 Company number 02686647 Reglstered offlca Leighlon House 20 Chapel Rise Rednal Birmingham West Midlands 845 9SN Audltor BK PlusAudil Llmited 2 Highlands Court Cranmore Avenue Solihull West Midlands B90 4LE Patron Professor Tonl Belll Chlef Exe¢utlve Sue Tyler HEADWAY BIRMINGHAM & SOLIHULL CONTENTS Page Trustees, report Statement of trustees, responsibilities Independent auditols r8POrt 9- 11 Consolldated Statement of flnancial aclivitles 12 Consolldaled Balance Sheet 13 Consolidated Statement of cash flows 14 Notes lo the financial statements 15-35 HEADWAY BIRMINGHAM & SOLIHULL TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees who are also directors of the charity for the purposes of the Companies Act 2006,truslees present their annual report and fin8ncial statements for the year ended 31 March 2025. The financial slalements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and compSy with the Charitable group's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" (effective 1 January 2019). Organisatlonal Structure A carers. group for the relatives of head-injured persons in the Wesl Midlands was formally astablished in 1983 and first registered as a charity in 1987. As activities expanded a more formal organisalional structure was required and hence Headway {Wesl Midlands) Ltd was constituted in 1992. On 21sl March 2016, the Charity passed a special resolution changing ils name to Headway Birmingham & Solihull from Headway (Wast Midlands) Ltd. It is a private company, limited by guarantee, registered at Cardiff, No. 2686647 and a registered charily, No. 1008798. Our principal aims concern the relief of suffering from the effects of brain injury. The Memorandum and Articles of Association were updated in October 2024 following a Special Resolution to adopt the cha￿tY Commlssion's model artlcles. W8 are affiliated to Headway UK - the Brain Injury Association. based at Nollingham. Subsldlary Company Headway Birmingham & Solihull Trading Ltd. derives its income from Hèadway Birmingham & Sollhull's charlty shop oullels. Any profits generated by the Charity's subsidiary company are donated to the charity. Truste8 Directors In accordance with our Articles of Association directors are elected by company members al the Annual General MÈellng. In addition, the Executlve Board has powers to fill any vacancies by co-opllon during the year. Followlng the Coronavirus Pandemic and the easing of restrictions. it was again possible lo hold normal Board Meetings throughout the year albeit with certain continuing problems. The disciplines of monthly progress reports and Key Performance Indicators were maintained and circulated to all the Difeclors. Regular contact between the Chair of Trusle8s and the Chief Executive ensured strict monitoring of overall performance. Following agreement of the Strategic Plan the proposed Budget for the following year is formally approved by tha Exacullve Board. Quarterly reconciliations of Income and Expenditure are produced during the year to monitor progress against this agreed Budget. This remained of key importance during the years following the pandamic, then the cost of living increases and further announcements of rises in Living wage. Rocrultment and appolntment of new Trustees When sel8cling individuals for appointment as trustees, emphasls Is placed on the prospective trustee's skills, knowledge and experience needed for effective administration of the charity. All prospective Trustees will be intervlewed and vetted and the roles and responsibilitl8s made clear prior to engagement. Trustee Inductlon and Tralnlng Trustees musl make available lo each new trustee on their first appointment a copy of the Deed and any amendments made to it, a copy of the Charity's lalesl Annual Report and statement of accounts. In addition Irainlng opportunities are offered to ensure the trustee is able to fulfil their new role. The Use of Volunteers Headway Birmingham & Solihull greatly benefil from the support of volunteers where appropriate and is extremely grateful for the conlribulion they make lo Ihe work of the charity. Whilst volunteer numbers have dropped over the years, we have managed to recruit enough to meet most of our vacancies and continue to attract student pla￿mentS. We also have a core of'long term, volunleers who help form the core of or leams. HEADWAY BIRMINGHAM & SOLIHULL TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Pay Policy for Senlor Staff The Iruslees comprise the board of directors, who are also the Charily's trustees, and the senior management team comprise the key management personnel of the chariiy in charge of directing. controlling and operating the Charily on a day-lo-day basis. All truslees give their time freely and no trustee received remuneralion in the year ending 31 March 2025. The remuneralion paid to the Charity's employees is reviewed annually and a performance related increase is made where appropriate. The pay is benchmarked against pay levels for other roles with similar responsibilities elsewhere within the sector and we have also maintained our Real Living Wage employer status. Publlc Benéflt The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charily's aims, objectives and operations. They believe the provision of the range and services listed in this report enables Headway Birmingham & Solihull to meet ils obligation to provlde public benefit. Oblactlves and Actlvltles Our Mission Is 'lo promote greater understanding of all aspects of braln Injury and provld8 SUPPOrt. informatlon and services for people who have sustained brain injury, their families and carers.. Our Oblectlves arè to.. Promote awareness of brain injury & ils consequences and actively seek to reduce potential incidents. Make services known lo newly brain injured peopl8lfamilies at Ihe earliest stage and throughout the whole journey Provide information, advice and support services for people with brain injuries, their famili8s, carers and concerned professional people Provide spacialised rehabilitative activities to assist people with brain injury to regain independence. continued recovery and re-integration into the community Develop links with appropriate agencies & establish working partnerships Maintain good govemance. management and staff ratios Code of Ethlcs Headway Birmingham & Sollhull have a sel of six core valués that wlll flow through our culture and b8haviour and lo which all employees, volunteers and Trustees are committed to. Every day, we do our best lo pul our values into adlon through our work and our relatlonshlps with our users, buslness partners, communities and one anolher, Puttlng 'People Flrst, We support & care for our clienls as we would like to be treated ourselves. Users will be treated wllh dlgnily and respect and we will always act in their b8sI interesl. We valu6 all individuals and celebrate diversity. Belng 'Safe' Every client, person who works for or comes inlo contact with, Headway Bimiingham & Solihull should be treated with dignity and respect and feel that Ihey are in a safe and supportive environment. Being open, honest & a¢¢ountable We are open and honest with others and ourselves. We ensure that our interactions with people are above reproach and we maintain the confidentiality of those we V￿rK wilh. We accept constructive criticism. We accept responsibllity & hold ourselves accountable for our v￿rk, actions and our results. HEADWAY BIRMINGHAM & SOLIHULL TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Striving for Excellence We strive lo deliver a service we are proud of through continuous improvements and are dedicated to providing the highest quality across all seNices. All slaff should be passionate about the cause and be willing to give a bit more than .9 10 4. when the work requires this. We want Staff to be proud of their work and uphold our good name. Being professlonal & ethlcal The charity and all who work for us shall always uphold the highest levels of institutional integrity and personal conduct. People work cohesively across all departments for Ihe g(K)d of the whole of Headway BS and recognise and respocl Ihe valua and strengths of each other. Dolng 'more wlth less, We use resources lo the full, waste nothing and do only whal we can do best as speclalisls. We strlve to maintaln our principles by the ability lo organize all our assets - physical. financial and human for maximum productivity. In this way, our seNices wlll be delivered with the highest quality and effiriency at Ihe least posslble cost providing excellent 'value for money.. How do we measura success? As part of the wlder 5-Year Strategy for the charity, we are committed to achieving results to meet our overall company objèctives. We have many systems for monitoring results to ensure we keep evidence of our resLtlts in a clear and accessible formal. Every department works towards sel performance targets each year which are based on the aims, objectives and their performance indicators for each service. These largel indicators are sel in Sinè with the Strategy and play a major part in Ihe overall development of the charily and framework for future planning. Each SeNiGe Manager also identifies each of the targets that are relevant lo specific staff and these are monitored on their quarterly staff review, so that everyone is involved. The results glve us a true indication of what we are achieving, or not, as well as Identifying ways to Improve. These measures also provide crucial outcomes which tell us if we are making a difference to people who have received our services Each y68r following completion of the results the relevant managers update and add to the measur8S lo ènsure they remaln appropriatè and meet the changlng needs of our users and seNicés. Our 2024-25 P8rformance Revlaw is availablè on request or via our website. Overall Revlew We have been dellverlng services lo braSn injured people and Iheir famillesl carers now for over 35 years and durlng this time have evolved from having one member of staff lo nearfy a hundred employees and sixty plus volunteers. Headway Birmingham & So5ihull is Ihe only organisalion in our region that provides support for the whole family and for as long as they need us. Our seNices are aimed to be holistic and transitional. so that people can get all the different types of support they may need, al a lime Ihal best suits them. They can move to other setvices as thelr needs change and return at any lime. In October we bid a sad farew811 to our longstanding Chair - David Chater. who retired after 25 years with Headway. He has been instrumental in many changes over the years, including the purchase of our Leighlon House building. David was also presented with a Lifetime Achievement Award by Headway UK. Richard Langton lour previous Company Secrelary) has now taken the helm and looks forward to getting involved, helping building on whal has previously been achieved. We started 2024 with more realistic targets for placements and hours sold, having now come to the conclusion that we are unlikely to meet our pre-COVID goals. This is due to the lime taken in getling referrals allocated to Social Workers, resulting in only a few starting each month. despite having the highest number of referrals ever during tho year. We are also successful in 'moving people on., which consequently means we consistently finish as many placemenls as we start each month, making it hard lo increase the numbers. Working to Ihese targets and with a very light budget. we actually managed to finish the year end with a small surplus for the first time since COVID. This will very much go towards building back up our now depleted reserves. We continued to work with Bimingham Cty Council on Ihe refom of day services and by the year end had submitted our lender for the new framework. We now await news of our bid and what the future will look like. HEADWAY BIRMINGHAM & SOLIHULL TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Serlices For People with Acquired Brain Injury (ABI) Despite new referrals taking a long lime lo be allocated a Social Worf(er, we still managed lo start as many n8W people as we finished, thus mainlaining our budget p18ces of 280. We continued to receive a high number of new referrals across the year, bul we only got 36 of these started due to how tong the allocationlfunding is taking and so sllll unable to increase the targèls. The therapiès were now in their second year and although we struggled with recruilment to begin with. we now have a good team in place. We made the decision to move from placements specifically for Iharapies and wellbeing and set up a new model. This included introducing 'clinics' _ one being the Therapy Clinic. This means that ALL our day servlce users can access the Physiotherapist or SALT as part of the s8Nice. The clinic will offer a full therapy assessment and If needed, follow up sessions. Once a Irealmenl plan is in place this then become part of a cllent's daily programme. This has proved a far better model, and we look forward lo Year 3. The Wellbeing has expanded also and is now open to all programmes at every Hub. Famlly & Carer Servlcès The team worked hard to meet all the new targets set by Ihe Carers Hub and had to allocate more tlme for Carer Assessments. Our new partnershlps conlinu8d to strengthen, e.g. Bimilngham Disablllty Resource Centre and The Circle. We hope lo develop these going foNards. We also extended the hours of Hospital Link Work this year. This doubled our workers for the QE and also meanl we are now covering all of the other hospitals across Bimiingham and Solihull, with regular visits and ward walks. The tèam struggled throughout the year with varying absences due to sickness and filling vacancies. bul seem to more on track by the year end. Communlty Outreach (formally known as - Llfestyle Servlces) We have continued to maintain the Communily Outreach hours at around the 600 sold. throughout the y8ar. By the year end we had filled all the positlons lo fully cover all hours and had some more waiting. We slill have a big wailing Ilst of referrals yet to bè assessed due to time pressures and how long it takes to get them allocatéd lo social workers. We see many more client referrals now coming from Case Managers and self funding. Blrmingham makes up about 720A of users funded. We have had lo re-lnslate the 'floater' post lo cover holidays, despite this not being paid anywhere. We also saw the departure of one of our Supervisors during Ihe year, but have appointed one of our Support Workers lo the post. The team work much better together now and have regular meetings and coachlng sessions. as well as atlanding team building events. Servlces for All SeNic8s For All is aimed at every person who is impacled by the brain injury. Whilst it is facililaled by a Headway staff member. we do not take responsibility for the people who attend. Therefore, brain injured people need to attend with family or their PAS if they need support. SFA provides the opportunity for all our community to come together at different limes of the day and weekends. It helps people to form friendships and look after their mental and physical health. We provide 8 full programme lo include sports, outdoor activities, evenls, lunch clubs, hobbies and much more, all at the request of the users. We delivered nearly 20 activitieslevents across last year. We are now in our last year of Lottery funding, but plan to continue this for the long term, as we now have over 69 family members. HEADWAY BIRMINGHAM & SOLIHULL TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Fundralsingi Publicity and Partnerships Finding suitabl8 Irusls and attracting new funders always remains a battle, but despite this we managed lo raise over £127k this year, mainly from trusts wilh there being a rare focus on 'core funding,. As a lol of this was unrestricted funds, this very much helped us plug our gaps and end the year wilhoul a deficit. The Birmlngham Community Lottery was launched in 2024 and we raised £901 in the first year. As well as having two great Skydive days throughout the year. we lrialled a Zip Wire event in North Wales. With the transport provided. this proved very successful with over 30 participants. Our social media presence continued to grow throughout the year. with positive engagement through both Facebook and X (formerly Iwillerl. Lovely item on BBC Midlands Tc*Jay about dients al Redpoint climbing centre 11 press releases issued Extended Soclal Media reach to 1,509 followers on Facebook & 1045 on X <￿itter) Nearly £111K unrestricted funds raised Over £16k raised for restricted projeclsl items, through trusts 40 Trust applications made with a great 45°A success rate 5 fundraising events in Ihe year raising over £25k Over £1 Ok rais8d by local businesses Our Grand Raffle raised over £2,500 £2,400 raised by individual fundraisers- mainly Louise Fisher Charlty Shops Our charity shops have always given us a much-needed boost of unrestrlcled Income towards the runnlng of seNi¢es. However, this y8ar for the first time ever. we have not managed lo make a profil al all from the shops and ended the year just about breaking èven overall. Whlle there are other aspects that are important to us, such as gelting ihe Headway nam8 out in the communlty and providing a great provision for our clients lo be able to volunteer In our shops, we cannot take the risk of the shops 'cosling the charity, money to run. 11 is therefore, wilh a sad heart. that we had lo make the hard decision to ¢k)se one of our shops In Great Barf and combine them. We started work on this al the year end and plan lo open the new refurbished shop in 2025. All of our shop staff and volunteers have worked extremely hard thls year, and any closure Is by no means any rèflection on the great work they do. We hope everyone continues to donate to our shops. Quallty Lifestyle SeNlces continued to meet tha slandards required of the Care Quality Commission and currently continue lo hold a GOOD rating. We continue lo assess againsl our inlemal standards but have no formal exlemal audit yal for any service athor than Lifeslyles. We reviewed all our Quality tools during 2024-25 and continue to introduce new systems as they are relevant, to include this year Dyslexia Friendly, Cyber Essentl81 and Age Friendly. HEADWAY BIRMINGHAM & SOLIHULL TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 OperationslBuildings There has been a significanl amount of lime spent around the area of Finance this year due lo increased high debtors list and making many changes to adjust to cost of living issues. Following a great deal of hard work, the leam managed to reduce the debtors by more than half by year end. The external auditors complimented the Finance team on improving their systems and level of debtorslcreditors. All our financial systems are now much tighter and we received positive feedback from our auditors acknowledging many improvements. We warè not successful In renting out any of our 'out of hours. spaces bul will continue to push thls next year. Updated all invoicing procedures lo coincide and be easier lo produce Many new systems introduced in Ihe shops follow support from Headway UK Head of Retail The garage al LH has been spray insulated so that it can be used as a dry storage area for the shop stock Work started on converting a store r¢Jom to a new disabled friendly toilet upstairs al Sutton House A sit on mower was purchased for our caretaker to help limit the physical work involved We have a new smoking shelter for clients al Leighton House The roofwas repaired at Sutton House All staff recelved new Cyber training Personnel Matters Having a Personnel Manager in post for th8 last year has already made a big difference. We now have a team that is developing well as a separate department, rather than being reliant on the CEO. Already we have much improved procedures and the monitoring of training is far b8ttèr, as well as attendance al training. Many new training courses have been introduced as well as rafresh8rs and an annual programme of booked training. Recruitment showed great Improvement and by th8 end of year we had filled all vacancies. The amount of volunteer enquiries also massively improved and w8 introduced new 'laster days, which worked well. Future Plans We look forward to going into the new year wilh no real déficlt and hop8 that we can work with Birmlngham Councll towards establishing greater financial stability over the next few y8ars. We aim to be able lo maintain all new servlces once the lottery grants end and provid8 our 'vlsion' of seNices for all areas along the brain injury journey. Flnanclal revlew The results for the year are shown on pages 12-36 Our clients 8re funded by 8 combinatlon of Local Aulhorities. personal independence pa￿nentS {PIP's) and self- funding. We are extremely grateful for the various grants and donations from Companies togather wllh other income, that help subsidise our rates and the various services of supporting individuals and families of people with ABI. The Charity continues lo have an ongoing professional structure able to support the delivery of our services and help towards securing the futurè, thanks to the support of volunteers and slaff, and sound financial management. Rlsk Management and Reserves Poll¢y The Executive Board having looked at the m8in risks lo the organisation, for example, not receiving any grant funding, or a possible fall in number of clients due to the financial restraints of Aulhorities, and has established a policy whereby we should maintain unreslricled funds lo cover between 3 and 6 months of expenditure. The budget for 202&26 anticipates expenditure of over £2 million during ihe year, Indlcaling that unreslrlcled reservas should be in the range of £500,000 10 £1m. UnrestTiCted funds at the year end 31 March 2025 were £734,459 equating to around 4 months in the range set out In our policy. Events since the year end Information relating to events since the end of Ihe year is given in Ihe notes to the finanaal statements. HEADWAY BIRMINGHAM & SOLIHULL TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Structure, governance and management Governing document The Charitable group is controlled by ils goveming document, a deed of trust. and constitutes a limited company. limited by guarantee, as defined by the Companies Act 2006. The trustees, who are also the directors for the purpose of company law. and who seNed during the year and up lo the date of signature of the financial statements were: Mrs J E Campbéll Mr J Cassidy Mr D Chater Mr P Durham Mrs R Kinning Mr R Langton Mr C Jones Mrs S Morris Mr W O Hughes Mrs H Green Dr N Wheleer Mrs C Armstrong (Retired 21 Ootober 2024) (Resigned 29 April 2024) (Resigned 25 September 2024) {Appointed 1 May 2025) (Appointed 1 May 2025) (Appointed 7 Nov8mb8r 2024) Quallfylng thlrd party Indemnlty provlslons The Charity has Indemnity insuranc8 in plaGe in respect of the Officers of the Charity at a cost of £227 per annum. Audltor In accordanca wlth Ihe companls artlcles, a resolutlon proposing that BK Plus Audit Limit8d be reappolnted as audllor of tha company will be pul al a Gener81 Meeting. Dl8closure of Informatlon to audltor Each of the trustees has confirmed that there Is no infomatlon of thich they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps lo Identify such relevant Information and to establish that the audltor is aware of such informallon. The trustees, report was approved by Ihe Board of Truste8S. Mr R Langton Chalrman 20 Octobèr 2025 HEADWAY BIRMINGHAM & SOLIHULL STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees, who are also Ihe directors of Headway Bimiingham & Solihull for the purpose of company law, are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounling Praclice). Company law requires the Iruslees to prepare financial slatemenls for each financial year which give a true and fair view of the stale of affairs of the Charitable group and of the incoming resources and applicalion of resources, including the income and expenditure. of the charitable company for that year. In preparing these financial stalemenls. the trustees are required to: select suitable accounting policies and then apply them consistently: observe the methods and principles in the Charities SORP., mako judgements and eslimales 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 stalemenls. and prepare the financial statements on the going conc*m basis unless It Is Inappropriate to presume that the Charitable group will continue in operation. The trustees are responsible for keeplng adequate accounling records that disclose with reasonable accuracy at any lime the financial position of the Charitable group and enable them to ensure that the financlal statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charitable group and henc8 for taking rèasonable steps for the prevention and detection of fraud and other irregularities. HEADWAY BIRMINGHAM & SOLIHULL INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF HEADWAY BIRMINGHAM & SOLIHULL Opinion We have audited the financial statements of Headway Birmingham & Solihull (the 'Charitable group,) for the year ended 31 March 2025 which comprise the statement of financial aclivilies. the balance sheet, the statement of cash flows and notes to the financial stalements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financi81 Reporting Standard applicable in lh8 UK and Republic of Ire18nd {United Kin9dom Generally Accepted Accounting Practice). In our opinion, the financial statements-. give a true and fair view of the stale of the charitable group's affairs as at 31 March 2025 and of Its Incomlng resources and application of resources, including its income and expenditure, for the year then ended: have been properly prepared in accordance with United Kingdom Generally A￿ePted Accounting Practice: and have been prepared in accordance with the requlrements of the Companies Act 2006. Basls for oplnion We conducted our audit in accordance with Intemalional Standards on Auditing (UK) (ISAS {UK)) and appllcable law. Our responsibllilies under those standards are further described in the Auditors responsibilili6s for the audit of the fin8nci81 sfalemenls section of our report. We are independent of the Charitable group in accordance with the ethlcal requirements that are relevant to our audit of the financial statements in Ihe UK. includlng the FRC'S Ethlcal Standard, and we have fusfilled our other ethical responsibililies in accordance with these requirements. We believe that the audit evidence we have oblain8d is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to golng concern In auditing the financial statements, we have conduded that Ihe tnjstees, use of tha golng con¢ern basls of accounting in the preparation of the financial statements is appropriale. Based on thè work we havè perfomied, we have not identified any material uncertainties relallng lo events or conditions that, Individually or collectively, may casl significant doubt on the Charitable group's ability lo continuè as a going concern for a period of at least iwalve months from when the financlal statements are aulhorised for Issue. Our responsibilities and the responsibilities of the Irustees with respect to going concern are described in the relevant sections of this report. Other Informatlon The other informatlon comprises the Information Included in tha annual report other than Ihe financlal statements and our auditorfs report Ihereon. The trustees are responsible for Ihe other information contained within the annual report. Our opinion on the financial slalemenls does not cover the other information and, except lo Ihe exlenl othe￿iSe explicitly slated in our report, we do not express any fom) of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other infonnation is materially inconsistent with the financial statemenls or our knowledge obtained in the course of the audit. or olherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent material misslalements, we are required to determine whether this gives ris8 to a material misstatement in the financial statements Ihemselves. If, based on the work we have perfomied, we condude that there is a material misstatement of this other information, we are required lo report that facl. We have nothing to report in this regard. Oplnlons on other matters prescrlbed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of our audit.. the information given in the twstees. report for the financial year for which the financial statements are prepared, which includes the directors, report prepared for the purwses of company law, is consislenl with the financial statements: and the directors, report included within Ihe trustees. report has been prepared in accordance with applicable legal requirements. HEADWAY BIRMINGHAM & SOLIHULL INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF HEADWAY BIRMINGHAM & SOLIHULL Matters on which we are required 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 malerial misslalemenls in the directors, report included within the Iruslees, report. We hav8 nothing lo report in respect of the following matters in relation lo which the Companies Act 2006 requires us lo report lo you if, in our opinion.. adequate accounting records have not been kept, or retums adequate for our audit have not been received from branches nol visited by us.. or the financial statements are not in agreement with the accounting records and r8tums,' or certain disclosures of trustees. remuneration specified by law are not made; or we have not received all Ihe information and explanations we require for our audit., or the trustees were not entitled lo prepare the financial statements in accordance with th6 small companies regime and lake advantage of the small companies. exemptions in preparing the trustees. report and from the requirement to prepare a strategic report. Rosponslbllltles of trustaes As explained more fully in the statement of trustees, responsibilili8S. the trustees. who ar8 also th8 dlr8clors of tha Charitable group for the purpose of company law. are responsible for the preparation of the financial statements and for being satisfied Ihal they give a true and fair view. and for such inlernal control as the Injslees determine is necessary lo enable the preparation of financial statements that are free from material misstatement, whelher due lo fraud or error. In preparing the financial stalements, the Irust66s are rèsponsib16 for assessing the Charitable group's ability to conllnue as a going concem, disclosing, as appllcable, matters related to going concern and uslng the going concern basis of accounting unless the trustees either intend lo liquldate the charitable company or lo cease operations, or have no realistic alternative but lo do so. Auditor's responsibilities for the audit of the financial statements Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misstalemenl, whether due to fraud or error, and to issue an auditor's report Ihal includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee Ihal an audit conducted in accordance wllh ISAS (UK) wlll always detect a material mlsslalemenl when It exists. Misslalemenls can arise from fraud or 6rror and are considered material if. individually or in the aggregale, they could reasonably be expected to influenc8 Ihe economic decislons of users taken on the basis of these financial statements. The extent to which our procedures are capable of delecling irregularities, induding fraud, is detailed below. Enquiry of management. those charged with govemance around actual and potential liligalion and claims. Enquiry of entity staff lo identify any instances of non-compliance with laws and regulalions; Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and ragulalions. Performing audlt work over the risk of management override of controls, Including testing of journal entries and other adjustments for approprialeness, evaluating Ihe business rationale of significanl Iransaclions outside the normal course of business and reviewing accounting eslimales for bias. Performing audit work over the risk of understatement of income including substantive lesling and obtaining corrobora18d explanations from Management. Because of the inherent limitations of an audit. there is a risk Ihat we will not detect all irregularities. including those leading to 8 material misstatement in the financial statements or nonrycompliance wilh regulation. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentalion. A further descriplion of our responsibilities is available on the Financial Reporting Council's website al.. hltps.'Il www.frc.org.uklauditorsresponsibililies. This description fomis part of our audilols report. 10- HEADWAY BIRMINGHAM & SOLIHULL INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE MEMBERS OF HEADWAY BIRMINGHAM & SOLIHULL Use of our report This report is made solely lo the charitable company's members, as a body, in aceordance with Chapler 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so thal we might stale to the charitable company's mernbers those mallers we are required to stale to Ihem in an auditor's report and for no olher purpose. To the fullest extent pemiitted by law, we do not accept or assume responsibility lo anyone olher than the charitable company and th8 charilable company's members as a body, for our audit work. for this report, or for the opinions we have formed. Paul Mannion FCCA, FCA {Senior Statutory Auditor) For and on behalf of BK Plus Audit Limited. Slalutory Auditor Chartered Certified Accountants 2 Highlands Court Cranmore Avenue Solihull West Midlands B90 4LE 20 October 2025 11 HEADWAY BIRMINGHAM & SOLIHULL CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted Restricted funds funds 2025 2025 Total Unrestrlcted Restricted funds funds 2024 2024 Total 2025 2024 Notes Income and endowments from: Donations and legacies Charitab ABIP Communlty Outreach services F & C seNlces Wellbelng Other tradlng activities Investments Other income 66.455 127,973 194,428 11.813 100,914 112,727 e activities 1,007.302 1,007,302 871.563 871,563 554.837 554,837 221,040 4,449 503.604 503,604 176,023 4,244 221,040 176,023 4,449 4,244 249,315 1,833 249,315 1.833 238,923 3,191 13,000 238,923 3.191 13,000 Total Income 1,884,191 349,013 2,233.204 1,646,338 276,937 1,923,275 endlture on: Ralsing funds 152.630 152,630 152.597 152,597 Charllable activities 1,688,935 364.007 2.052,942 1.578.436 292,146 1,870,582 Tolal expandlture 1,841,565 364.007 2.205,572 1.731,033 292,146 2,023,179 Net Incomel(expendlturel for the yearl Net movement In funds 42,626 (14,9941 27.632 {84,695) (15,209) 199,904) Fund balances at 1 April 2024 691.833 352,099 1,043,932 776.528 367,308 1,143,836 Fund balances at 31 March 2025 734.459 337.105 1.071,564 691.833 352,099 1,043,932 The statement of financial activities includ85 all gains and losses recognised in the year. The statement of financial actlvllies includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. 12- HEADWAY BIRMINGHAM & SOLIHULL CONSOLIDATED AND CHARITY BALANCE SHEET AS AT31 MARCH 2025 Group 2025 Charity 2025 2024 2024 Notes Flxed assets Tangible assets Investments 15 14 713,715 734.563 707,392 100 734,067 100 713.715 734.563 707.492 734,167 Current assets Deblors Cash at bank and in h8nd 17 160,010 356,460 143,485 253,332 165,412 344,813 153,657 234,177 516,470 396,817 510,225 387,834 Credltors: amounts falllng du8 wlthln one yoar 18 (158.621) (87.448) <146,153) (78,069) Net current assets 357,849 309,369 364.072 309,765 Total assets less currant Ilabllltles 1.071,564 1,043,932 1,071,564 1.043,932 Incomo funds Reslricted funds Unrestricted funds 20 337,105 734,459 352.099 691,833 337,105 734,459 352.099 691,833 1,071.564 1.043,932 1,071.564 1.043,932 These finanGlal statements have been prepared in accordance with the provisions applicable to ¢omp8nles subject lo the small companies regime. The financlal statements were approved by the Trustees on 20 October 2025 Mr R Langton Chairman Company reglstration number 02686647 13- HEADWAY BIRMINGHAM & SOLIHULL CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operating activities Cash generated froml(absorbed by) operalions 25 119,253 (98.021) Investlng actlvities Purchas6 of tangible fixed assets Proceeds from disposal of tangible fixed assets Inv8slm8nt income recelved {17,958) (56.332) 13,000 3,191 1,833 Net cash us8d In Investlng actlvltles {16.125) 140,141) Net Incraaselldecreasé) In cash and cash équlvalants 103,128 (138,162) Cash and cash equlvalents at beginning of year 253,332 391,494 Cash and cash equlvalenls at Ènd of year 356.460 253,332 14- HEADWAY BIRMINGHAM & SOLIHULL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity information Headway Birmingham & Solihull is a private company limited by guarantee incorporated in England and Wales. The registered office is Leighton House, 20 Chapel Rise. Rednal, Birmingham, West Midlands, B45 9SN. 1.1 Accountlng conventlon The financial statements have been prepared in accordance with the Charitable group's Constitution, the Companies Act 2006. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" {"FRS 102") and the Charities SORP "Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" (effective 1 January 2019). The Charitabl6 group is a Public Benefit Entity as defined by FRS 102. The financial slalemenls are prepared in sterling, whlch is the functional currency of the Charitable group. Monetary amounls in these financial stalements are rounded lo the nèarest £. The financial statamenls have been prepared under the historical cost convention. The principal accountlng policies adopted are set out below. The fin8nclal statements consolidate thé results of the charity and its wholly 08wned subsidlary Headway Birmingham & Solihull Trading Limited. The results of the subsidiary are consolidated wlthln the statement of Flnanclal Activities (SOFA) on a line by Ilne basls. 1.2 Golng concern Al the lime of approvlng the financlal statements. the trustees have a reasonable expeclatlon that th8 Charitable group has adequate resources to continue in operational existence for the foreseeable futur8. Thus the trustees continu8 to adopl thé golng concern basis of accounting in preparing the financial statemènts. 1.3 Charltable funds Unreslricled funds are avallable for use at the discretion of Ihe twste8s in furtherance of thelr charitable objectives. Deslgnated funds comprise unrestricted funds that have bean sel aside by the trustees for partlcular purposes. Reslficled funds arè subject lo specific conditions by donors or grantors as to how they may be used. The purposes and uses of the reslricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be mainlained by the Charitable group. 1.4 Income Income is recognised when the Charilable group is legally entitled to il after any performance condlllons have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the Charitable group has been notified of the donation, unless performance conditions require deferral of the amount. Income lax recoverable in relation to donalions received under Gift Aid or deeds of covenant is recognised al the time of Ihe donation. Legacies are recognised on receipt or otherwse if the Charitable group has been notified of an impending distribution. the amount is known, and receipt is expected. If Ihe amounl is not known, the legacy is Irealed as a contingent asset. 15- HEADWAY BIRMINGHAM & SOLIHULL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policies (Continued) Assets for distribution are recognised only when distributed. Assels given for use by the Charitable group are recognised when receivable. Stocks of undislributed donated goods are not valued for balance sheet purposes. 1.5 Expenditure Expenditure is recognised once ther6 Is a legal or constructive obligation to transfer economlc benefil lo a third party, il is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by actiwty. The costs of each activity are made up of the lolal of direct costs and shared costs, including support costs involved in undertaking each aclivily. Direct costs atlribul8ble to a single activity are allocated directly to thal aclivily. Shared costs which contribute to more than one activity and support costs which are not allributable to a single aclivity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of lim8 sp8nt, and depreciation charges are allorAted on the portion of ihe asset's use. 1.6 Tanglble fixed assets Tangible fixed assets are initially measured at cost and subsequentiy measured al cost or valualion. net of depreciation and any impairmenl losses. Depreciallon is recognlsed so as to write off the cost or valuation of assets less their residual values over Ihèlr useful Ilves on the following bases.. Freehold land and buildings Leasehold improv8ments Fixtures and fittlngs Motor vehicles Craft equipment 2% on cosls Slraighl line over the life of th8 lease 500h on cost and 25% on cost 200A on cost 1000/0 on cost The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset. and is recognised in the statement of financlal activities. 1.7 Impalrment of flxed assets Al each reporting end date, the Charitable group reviews the carrying amounts of its tangible assels to determine whether there is any indication that Ihose assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 1.8 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of Ihree months or less. and bank overdrafts. Bank overdrafts are shown within borrowngs in current liabilities. 1.9 Financlal instruments The Charitable group has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '01her Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Charitable group's balance sheet when Ihe Charitab18 group becomes party to the conlractual provisions of the instrument. Financial assets and liabilities are offset. with the net amounts presented in Ihe financial statements, when there is a legally enforceable right lo set off the recognised amounts and Ihere is an inlenlion to settle on a net basis or to realise the asset and setlle the liability simultaneously. 16- HEADWAY BIRMINGHAM & SOLIHULL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles {Contlnued) Basic flnanclal ass8ts Basic financial assets, which indude debtors and cash and bank balances. are inilially measured al transaction price including transaction costs and are subsequently carried at arnortised cost using the effective interest method unless the arrangement constilutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted al a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilitles 88sic financial liabilities, including creditors and bank loans are initially recognised at transaction prfca unless the arrangement conslitules a financing transaction, where the debt instrument is measured al Ihe present value of the f¢Jture payments discounted at a markel rale of interest. Financial liabilities classified as payable within one year are not amortised. Debt Inslruments are subsequenuy carried al amortised cost, uslng the effectlve Interest rate method. Trade creditors are obligations lo pay for 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 wilhin on& year or less. If not, they are presented as non-currenl liabilities. Trade creditors ar8 rècognised initially al transaction price and subsequently measured al amortised cosl using th8 8ffecliv8 interest method. Derecognltlon of flnanclal Ilabllltles Flnancial liabilities are derecognised when the Charitsble group's contractual obllgatlons expire or are dlscharged or cancelled. 1.10 Employee beneflts The cost of any unused holiday entillèménl Is recognlsed in the period in which the employee's services are received. Terminatlon benefits are recognised immediately as an expense when the Charitable group Is demonslrably committed lo terminate the employment of an employee or lo provide larmination benefits. 1.11 Retlrement beneflts Paymants lo defined contribution retirement benefit schemes ar8 charged as an expense as they fall due. 1.12 Stock The Charity receives donated goods which are sold in its subsidiary's Charity shops. Donaled goods are nol recognised as stock as it is impractical lo reliably measure the fair value of donaled goods. 17- HEADWAY BIRMINGHAM & SOLIHULL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Critical accounting estimates and judgements In the application of the company's accounting policies, th6 Injstees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual resulis may differ from these estimates. Recovarablllty of debtors Management are required to estimate prudent provision for any amounts onsidered irrecoverable. The value of the provision is estimated and reviewed annually to ensure accuracy.. Useful economlc Ilfe of nonwcurrent assels - Management estimate the useful economic life of non-current assets based on the period over which the asset is expected to be used and provide for depreciation accordingly. Where an indication of impainnenl is identified the estimation of recoverable value requires estimation. The aslimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in Ihe period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods wher8 the revision affects both current and future periods. Incoma from donatlons and18gacles Unr8Strlcted Restrlcted funds funds 2025 2025 Total Unrestrlcted Restrlcted funds funds 2024 2024 Total 2025 2024 Donallons and gifts Grants 66.455 66,455 127,973 11,813 11.813 100,914 127.973 100,914 66,455 127.973 194.428 11.813 100,914 112,727 Grants Sulton House - repairs Leighton House - repairs Minibus Grants Activities Grants Sports England National Lottery Community Fund - Wellbeing Hub Nation81 Lottery Community Fund- Vocational Assistance Programme 1.000 1,500 1,000 1.500 6,260 15,424 11,415 6,260 15,424 11,415 9.747 9,747 115.726 115,726 58.573 58,573 9,242 9,242 127,973 127,973 100,914 100,914 18- HEADWAY BIRMINGHAM & SOLIHULL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from other trading activities Unrestrlcted Unrestrlcted funds funds 2025 2024 Fundralslng events Shop income 47,756 201,559 28,149 210,774 other tradlng acllvilies 249,315 238,923 Income from Investments Unrestricted Unrestrlcted funds funds 2025 2024 Interest receivabl8 1,833 3,191 Charltabla actlvltles ABIP Communlty Oulreach 8etvlc•8 F&C ••rvlceJ W•llb•lng Total Total 2025 2025 202S 2025 2025 2024 Incom6 generating charitable activities: 1,007.302 554,837 221,040 4,449 1,787,628 1,555,434 Analysls by fund Unreslricled funds Restricted funds 1,007.302 554,837 4.449 1,566,588 221,040 1,379,411 176,023 221,040 1,007,302 554,837 221,040 4,449 1,787.628 1,555,434 19- HEADWAY BIRMINGHAM & SOLIHULL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charitable actlvltles IContlnued> For the year endod 31 March 2024 ABIP Communlty F & C Sebvle68 Outreach servle•s W8llb¢lng Total 2024 Income generating charitable activitias.. 871.563 503,604 176,023 4,244 1,555,434 Analys18 by fund Unraslricted funds Rastrlcted funds 871,563 503.604 4,244 1,379,411 176,023 176,023 871,563 503,604 176,023 4,244 1.555,434 Other income Unre8trlcted Unrestrlcted funds funds 2025 2024 Nel gain on disposal of langiblg fixéd assets 13,000 Expenditure on ralsing funds Unr88trlcted Unrestrlcted funds funds 2025 2024 Tradlng costs Staff costs Support costs 88,657 63,973 81,695 70,902 152,630 152,597 -20- HEADWAY BIRMINGHAM & SOLIHULL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charitable activitles ABIP Communlty Outreach services F and C Wellbelng servlces Total 2025 2025 2025 2025 2025 Dlrect costs Staff costs Depreciation and impairment Premise expenses Communication & IT costs Motor and travel costs Sundry expenses Legal and professlonal fees Activities and associated costs 517,996 36,756 109,928 10,004 9.836 2,821 6,425 20,137 518.063 1.554 133.976 109.970 1.280,005 38,310 133,868 20,295 28,084 10,625 14,503 20,105 23,940 1,758 393 6,265 247 169 6,879 15,675 624 5,815 {832) 1,654 2,180 915 2,016 631 713,903 547.778 141,372 142.742 1,545,795 Share of support and governance costs (seè note 10) Support 223,433 Governance 7,324 141,397 3,986 78,163 1,504 50,779 561 493,772 13,375 944,660 693.161 221,039 194,082 2,052,942 Analysls by fund Unrestricted funds R8Stricted funds 918,973 25,687 691.607 1,554 78.355 1,688,935 115.727 364,007 221,039 944,660 693,161 221,039 194,082 2,052,942 21 HEADWAY BIRMINGHAM & SOLIHULL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charitable activities (Contlnued) Previous year: ABIP Community Outreach services F and C Wellbeing services Total 2024 2024 2024 2024 2024 Dlrect costs Staff costs Depreciallon and Impalment Premise expenses Communication & IT costs Molor and travel costs Sundry expenses Legal and profession81 fees Activities and associated costs 562,327 32.077 97,981 9,599 13.425 12.983 2,160 16.149 464,261 2,007 116,453 1,794 64,255 1,207,296 35,878 124,110 18,466 31,054 23,490 10,809 19,830 26,129 1,476 363 6.884 508 2,099 6,403 14.863 1.226 6,125 {332) 2,403 2.397 2,016 1,914 746,701 494,553 127,965 101,714 1,470,933 Share of support and govérnancé costs {888 note 10) Support 195,463 Govemance 8,504 125.368 4,725 53,051 1,959 9.914 665 383,796 15,853 950,668 624,646 182,975 112,293 1,870,582 Analysls by fund Unrestricted funds Restricted funds 912,660 38,008 623.092 1,554 42,684 1,578,436 69,609 292,146 182,975 950,668 624.646 182,975 112,293 1.870,582 HEADWAY BIRMINGHAM & SOLIHULL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Support costs allocated to actlvltles 2025 2024 Staff costs Depreciation Premises Cost Communication and IT Motor & travel costs Sundry expenses Legal and professlonal Activities & associalad Interest payable Governance costs 318,7g8 495 128,080 22,817 4,416 28,131 18,932 28,007 5,110 16.334 269,418 793 89,793 21,711 4,624 19,572 15,657 24,416 5,031 19,536 571,120 470,551 Analysed between: Fundraislng ABIP Communlly Oulr8ach services F and C services Wellbeing 63,973 230,757 145,383 79,667 51,340 70,902 203,967 130,093 55,010 10,579 571,120 470,551 11 Net movèment In funds 2025 2024 The n&1 mov8ment in funds is stated after thargingl{cr8dlllng): Fees payabl8 for the audil of the charity's financial statements Depreciation of owned tangible fixed assets Lossl{profit) on disposal of tangiNe fixed assets 16,334 38,805 19,536 36.671 (13,000) 12 Trusteès None of the trustees lor any persons connecled with them) received any remuneration or benefits from the Charitable group during the year. 13 Employees The average monthly number of employees during the year was: 2025 Number 2024 Number Charity staff Trading company staff 86 86 Total 92 92 -23- HEADWAY BIRMINGHAM & SOLIHULL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Employees (Continued) Employment costs 2025 2024 Wages and salaries Social security costs Other pension costs 1,557,880 103.821 25.759 1.445,264 90,210 22,935 1,687,460 1,558,409 The number of employees whose annual remuneratlon was more than £60.000 is as follows.. 2025 Number 2024 Number £60,000 - £70,000 Contrlbutlons tolalllng £1.320 {2024: £1.320) were made to defined conlributlon penslon schemes on behalf of employe8s whose emoluments exceed £60,000. R8muneratlon of key management personnel The remun8ralion of key management personnel was as follows- 2025 2024 Aggregate compensation 137.300 135,631 14 Taxatlon The charity Is exempl from taxation on ils activities because all Ils Income Is applied for charitable purposes. -24- HEADWAY BIRMINGHAM & SOLIHULL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Tangible flxèd assets Icontlnuod) The carrying value of land induded in land and buildings comprises: 2025 2024 Freehold Short leasehold 632,628 31,553 644,587 34,780 664,181 679,367 16 Investments The investment comprises of a 1000A holding of th8 ordinary share capital of Headway Blmilngham & Solihull Trading Limited, a company registered in England and Wales. Th8 principle activity of Héadway Bimiingham & Solihull Trading Limlted Is Ihat of operating charity shops. The profits èarned by the subsidiary are donated to the charity. A summary of the subsldlary's r8sulls are shown below. 2025 2024 Turnover Direct costs and administration costs 201,557 {193,129) 210,773 (187,688) Nel Profll 8,428 23,085 Amount donated to the charity (8,428) (23.085) Tha assets and Ilabililies of the subsidiary were: 2025 2024 Fixed assets Current assets Current liabilities 6,321 23,185 {29,406) 496 33,635 (34,031) Total net assets 100 100 Aggregate share capital and reseNes 100 100 -27- HEADWAY BIRMINGHAM & SOLIHULL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Debtors 2025 2024 Group Trade debtors Other debtors Prepayments and accrued income 149.114 4,534 6.362 123.358 3.949 16.178 160.010 143,485 2025 2024 Charlty Trade debtors Prepayments and accrued income Amounts owed by subsidiary undertakings 146,645 1,830 16,937 120,002 9,002 24,653 Total debtors 165,412 153,657 18 Credltors: amount8 falllng due wlthln one year Group 2025 2024 Trade credltors Other cr8ditors Accruals and deferred income 30,922 37,463 90,236 11,424 30,159 45,865 158,621 87,448 Charlty 2025 2024 Trade creditors Other creditors Accruals and deferred income 24,337 35,551 86,265 7,888 28,418 41,763 146,153 78.069 -28- HEADWAY BIRMINGHAM & SOLIHULL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Retirement benefit schemes 2025 2024 Defined contribution schemas Charge lo profit or loss In respect of defined contribution schemes 20,072 18,095 The Charilabla group operates a defined contribution pension scheme for all qualifying employees. The assets of the schame are held separately from those of the Charitable group in an independently adminislered fund. 20 Re8trlct8d funds Th8 restricted funds of the charily comprise the unexpended balances of donations and grants held on trust subject lo specific conditions by donors as to h¢)w they may b8 used. At 1 Aprll 2024 Incomlng resources Resources At 31 March expended 2025 Carer's Services Fund Leighlon House Building Fund-capital Minibus Fund-capital Stained Glass repairs Sutton House Lift Fund -Capllal Activities Fund Sutton House Gym and Wellbelng Fund-capital Minibus Fund (20231- Capital Sullon House KilchenlDLS National Lottery Community Fund - Wellbeing Hub Sutton House repairs Leighton House repairs 221.040 {221,040) {11,9581 283.740 754 2.000 23.431 11.441 8.875 18.186 3.672 271,782 754 2,000 19,376 18,323 7,321 12,045 3,004 {4,0551 {2,865) {1,554) {6,141) (668) 9,747 115,726 1,000 1,500 (115,726) 1,000 1.500 352,099 349,013 (364.007) 337.105 -29- HEADWAY BIRMINGHAM & SOLIHULL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Rèstrlcted funds {Contlnuedl Previous year: At 1 Aprll 2023 Incoming resources Resources At 31 March expended 2024 Care¢s Services Fund Leighton House Building Fund-capital Minibus Fund-capilal IT Equipment Fund-capital stained Glass repairs Sullon House Lift Fund -capital Activities Fund Sutton House Gym and Wellbeing Fund-capltal Minibus Fund12023) - Capital Sutton House KitchenlDLS National Lottery Community Fund- Wellbeing Hub National Lollery Communlty Fund - Vocatlonal Assisted Programme 176.023 (176,023> (11.958) (6,267) (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 (3,435) (19,705) {1,554) {1,824) (2,548) 26,839 6.260 58,573 (58,573) 9,242 (9.242) 367,308 276,937 (292,146) 352,099 -30- HEADWAY BIRMINGHAM & SOLIHULL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Restrlcted funds (Contlnuedl Famlly and Carer Servlces Fund This carer seNices work includes care carried out by Community Outreach workers and carer support and training co-ordinators. Leighton House Bulldlng Fund-capital This restricted fund relates lo the purchase and development of Leighlon House in Birmingham. Leighlon House is used for social rehabilitation activities for brain injured peoplè. Grants and donations were raceived to fund the original property purchasè 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 completed during Ihe year ended 31 March 2017 and the foyer was complete in the year ended 31 March 2020. The property is subject lo depreciation charge in accordance with the charity's accounting policies. A first legal charge is held on Ihis property by ihe Lottery Board In respect of grant monies paid lo the Charity in order to fund the property's original purchase. Mlnlbus Fund.Capltal This grant was received to fund 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 purchase a new computer for use by clients and slaff. Stained Glass Repalrs Fund This grant W8s raised lo repair Ihe damaged stained glass window. Sutton House Llft Fund