Headway HEADWAY ESSEX Providing brain injury care and support Annual Report and Financial Statements For The Year Ended 31 March 2024 The Headway Centre Woodland Walk Colchester Essex C04 6DH 01206 845 945 www.headwayessex.org.uk Patron: David Tennant Registered Charity No. 1008807 Company Limited by Guarantee 2674755
HEADWAY ESSEX (A company limited by guarantee) CONTENTS Page Reference and administrative details Chairman's statement Trustees, report 7-14 Trustees, responsibilities statement 15 Independent auditors report on the financial statements 16 Statement of financial artivities 17 Balance sheet 18 Statement of cash flows 19 Notes to the financlal statements 20-35 The following pages do not form part of the statutory financial statements: Charity detalled Income and expend6ture account and summaries 36-38
HEADWAY ESSEX IA company limited by guarantee) REFERENCE AND ADMINISTrATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2024 Trustees Alan Bacon, Chair Chris White-Thomson David Parkins, Treasurer Bob Juniper (resigned 5 October 20231 Anthony Emms Diana Collins (deceased 25 September 2023) Rob Warren Jason Cater {resigned 5 October 2023) Neil Parrett Simon shaw (appointed 5 October 2023) Company number 2674755 Charlty number 1008807 Reglstered office The Headway Centre Woodland Walk Colchester C04 6DH Company secretsry & Finance Manager Gemma Perkins (resigned 23 February 2024) Sue Hayden Sargeant {appointed 23 February 20241 Chief Executive Officer Joanna Wright Head of Brain Injury Services Emma Mccullagh Independent examiners Griffin Chapman Chartered Accountants 4 & 5 The Cedars Apex 12 Old Ipswich Road C07 7QR Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Milling Kent ME19 4JQ Lloyds Bank PLC 27 High Street Colchester COI IDU Page
HEADWAY ESSEX (A company1SmSted by guarantee) THE WORK OF THE CHARITY FOR THE YEAR ENDED 31 MARCH 2024 Mission Statement Everyone living with the effects of acquired brain injury has the opportunity to lead a fulfilling life. Our Vision Through the work of Headway Essex: people with acquired brain injury will fulfil their potential families and carers will be better able to cope with their caring role the wider community will understand the causes and effects of acquired brain injury What we do Headway Essex is an independent charity, which provides support in the community and specialist day opportunities and rehabilitation activities to people living with acquired brain injury IABII and their families and carers in Essex. Our two day centres in Colchester & Benfleet, offer a specialist person centred approach to rehabilitate, educate, inform and support each client with their own personal recovery journey through the achievement of realistic, achievable and measurable goals. The centres also provide social opportunities and a variety of activities to maintain health and wellbeing. Headway Essex provides support in the Community through local Brain Injury Caseworkers in all areas of Essex. The service provides telephone support, coping strategies, crisis support, home visits, hospital visits and help with benefits advice. We also run educational groups, monthly support groups and separate carers support groups in several locations across Essex. How we support our services users Supporting the suNivors of brain injury Information and education covering a wide range of topics relating to brain injury and its effects Information and practicallbenefits advice Neuro Gym Communication group and speech and language Adult education relearning lost skills and learning new ones IT training Life skills Communication and social interaction Health and self-care advice and support Social and sporting activities in the community Artistic activities for self-expression Behaviour management Support group meetings Support with educational, vocational and volunteering opportunities Signposting and referrals to other agencies and voluntary organisations Pa8e
HEADWAY ESSEX (A company limited by guarantee) THE WORK OF THE CHARITY FOR THE YEAR ENDED 31 MARCH 2024 Supporting the Carers Access to a specialised support and advice helpline Information and advice covering a wide range of topics Information and training on all aspects of brain injury and the caring role One to one with a Brain Injury Case Worker Condition specific support group meetings Respite from the cared-for person attending Headway's specialist facilitie5 Support available at any stage -from hospital to many years later Signposting and referrals to other agencie5 and voluntary organisations as required Our core values Headway Essex believes in: Workln8 together Headway Essex works in partnership with many organisations. We are a condition specific organisation who signpost to avoid duplication of services and who share resources and expertise to provide a seamless service for our clients. Consultation Headway Essex is an organisation who consults with its service users/stakeholders to meet their changing needs, in order to ensure the best possible outcomes for its service users. Valuing the individual Headway Essex wants the best possible outcome for its services user5 and will listen to and respect their personal views on how they would like to be supported. All staff, volunteers and service users are respected and encouraged to reach their full potential. Maximising opportunities Headway Essex strives to keep informed of opportunities through networking, and consultation with its stakeholders and the wider public. As an organisation led by an experienced board of trustees and management team, Headway is able to change, evolve and adapt and remains flexible to meet the needs of its service users. Model of Care Our model of care follows these guiding principles: Services will provide informed choice, quality Outcomes and a high quality experience for our clients. Clients (including carers) are at the centre of services, which are designed to meet their needs. Service5 will meet or exceed Headway Centre standards as defined by Headway UK. Page
HEADWAY ESSEX (A company limited by guarantee) THE WORK OF THE CHARITY FOR THE YEAR ENDED 31 MARCH 2024 Services are appropriate to the needs of an adult with acquired brain injury and their carer(s). Rehabilitation will be provided within a community setting. Service5 will provide value for money and are enhanced by volunteer support and fundraising. We will work closely, with external organisations to provide a cohesive and seamless senfice for our clients. Services will deliver appropriate person centred rehabilitation outcomes to increase clients, independence, health and wellbeing. Services will meet the needs of our client group and be innovative and continually evolving. Services will promote brain injury awareness and prevention. ACQUIRED BRAIN INJURY OVERVIEW OF ACQUIRED BRAIN INJURY An Acquired Brain Injury (ABI) is any injury to the brain which has occurred following birth. It includes Traumatic Brain Injuries (TBIS), such as those caused by trauma e.g. from a road traffic accident, fall or assault, and non TBIS related to other medical conditions, e.g. encephalitis, meningitis, stroke, substance abuse, brain tumour and oxygen deprivation resulting from a cardiac arrest or other causes. (Definition from UK Acquired Brain Injury Forum IUKABIF}I. ABI is a leading cause of death and disability in the United Kingdom {UKI. It is a chronic condition with 'hidden' disabilities and life-long consequences. It is a positive message that advances in emergency and acute medicine mean that many more people now survive with an ABI. However, many of these individuals will require early and continued access to specialist rehabilitation to optimise their recovery and maximise their long-term potential. The effects of a brain injury are wide ranging, vary in severity and can be temporary or long term. They broadly fit into three categories; Physical effects such as fatigue, impaired mobility, weakness/paralysis and speech problems; Cognitive effects such as memory problems, impaired reasoning and reducing problem solving ability; and Emotional and behavioural effects such as personality changes, depression, anxiety and anger. The long-term disabilities may not correspond to the physical severity of the original injury, and can become apparent some time, even years, after the cause. A person can appear to make a good recovery but may be difficult to live with and become unemployable if they do not get the right support in the early stages. The personality changes can be the most difficult for close family to accept and this causes many families or relationships to break up; 'she is not the person I fell in love with and married,, 'he's the third child I never wanted,. Page
HEADWAY ESSEX (A company limited by guaranteel CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 FAaLITIES FOR REHABILTATION Statutory provision for rehabilitation is very limited and tends to only be offered to those who are severely affected. There are a number of causes of ABES and as a result, there is no one single treatment pathway. There are large variations in the provision and access to neuro-rehabilitation services across the Country and what is available, is usually situated within regional, rather than local, hospitals. There is also a patchy understanding of the role of neuro-rehabilitation at national and local level, which leads to a reluctance to fund services. When rehabilitation is not provided a lack of motivation and continuous inactivity at home can place an impossible strain on families and limit the chances of recovery. Evidence suggests that early, co-ordinated and intense rehabilitation can Eenerate great savings to the NHS. Headway Groups and Branch services can make a significant contribution to these savings. CHAIRMAN & CHIEF EXECUTIVE'S REPORT During the past year, there have been many notable achievements. These are driven by one overarching theme; to continuously review and improve the services we offer adults with acquired brain injury and their families. The new South Essex day seniice established in 2022 has gone from strength to strength. It is hard to believe that from a one day a week pilot, launched in January 2022: it now operates 4 days a week. We are currently providing 43 placements over the four days and have capacity to accommodate up to 60 placements. We have been pledged a grant of £IOOk towards an extension at the Headway Centre. Our aim is to provide more therapeutic and rehabilitation activities on site. The project will develop over the next two years and we look forward to updating you on progress in the next report. With funding from the Essex Public Health Accelerator Bids (PHAB) Grants Programme, we have launched new hospital link-worker role. This new role will help to prevent people with brain injury 'slip through the ney. It will ensure people get the support and information they need in the weeks and months following discharge. The grant also provided funding for health checks to raise awareness of the importance of self- care and to reduce the risk factors associated with poor health. Last year we told you about the 'Making Headway, play and we were proud to present the work at the World Brain Injury Conference, alongside the University of Essex. Since then we have had a further three performances at universities. Page
HEADWAY ESSEX {A company limited by guarantee) CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 Collaboration with the University of Essex continues and we are hoping to be in a position to operate a brain injury hub from their new Health and Wellbeing centre. This will provide an extra facility for adults with ABI whilst supporting health students with trainin& though assisting in the hub. Our Service Delivery Team goes from strength to strength with many new recruitments, including our new Head of Brain Injury Services and specialist occupational therapist, Emma Mccullagh, who will be driving forward service development, alongside managing the smooth operation of the service. We cannot provide our services and develop new services without the efforts of our fundraising team. They have continued to work hard and provide income through events, challenges and grant applications in a challenging and competitive environment. As we start the new financial year, we say goodbye to two of our Trustees, Bob Juniper and Jason Cater. We thank them both for all the time and support they have given to Headway Essex. The trustees would like to pay tribute to our long term supporter and trustee of five years, Diana Collins, who sadly passed away in last year. We also welcome Dr Simon Shaw to the board of trustees. Simon is specialist consultant in rehabilitation medicine; his clinical interest areas include neuro-rehabilitation, neuro-disability and physical medicine. Thank you to all the Grant Funders, Trustees, Staff, Volunteers and Supporters of Headway Essex, for your support during this year. We are optimistic and confident for the future, knowing our strength lies in our management team, board of trustees, staff and volunteers. All united by one goal; to do everything they can to help improve the lives of adults with acquired brain injury and their families. Ala Chair on .)Danna Wright Chief Executive Officer Page
HEADWAY ESSEX (A company limited by guarantee) TRUSTEE'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report together with the independently examined financial statements of the Charity for the year l April 2023 to 31 March 2024. The Annual report Serves the purposes of both a Trustees, report and a directors, report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice {SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FR5102) (effective l January 20191. Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report} Regulations 2013 has been omitted. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, includin8 the guidance 'Public benefit: running a charity (PB21'. STRucfuRE, GOVERNANCE AND MANAGEMENT LEGAL STATUS Headway Essex is a Company Limited by Guarantee (Company No. 26747551 and a Registered Charity (Charity No. 10088071. Copies of the Mernorandum and Article5 of Association can be obtained by writing to: Company Secretary, Headway Town Office, 6th Floor Annex, Wellington House, Butt Road, Colchester C03 3DA. The liability of the Members in the event of Headway Essex being wound up is limited to a sum not exceeding £1. At 31 March 2024 there were 70 company mernbers. BOARD OF TRUSTEES Members of the Board of Trustees are elected from the membership of the Company and are Subject to re-election following a term of office not exceeding three year5. The Company is managed and controlled by a Board of Trustees whose names are given on page l. For the purposes of the Companies Act 2006 the Members of the Board are placed in the same position as a Board of DirectOTS. Page
HEADWAY ESSEX (A company limited by guarantee) TRUSTEE'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Board have delegated certain responsibilities to the Executive Committee, which comprises: Treasurer Chairman Chief Executive Officer Finance Managerlcompany Secretary It meets bi-weekly and cover5 all the general work of the organisation including service delivery and development, funding and fundraisin& personnel and premises. It reports directly to the Board of Trustees. Each new Trustee is given a personalised induction programme and receives copies of the Company documents, details of policies and procedures, job description and code of conduct. Trustees are encouraged to attend the Headway Centre and appropriate external training events where these facilitate the undertaking of their role. SENIOR MANAGEMENT The Chief Executive Officer has overall responsibility for all aspects of service delivery and development. The key task5 are: To undertake overall responsibility for, and to manage, all existing service provision and future development of services; To be responsible for the organisation's financial health and ensure expenditure is controlled in line with budget as approved by the board of trustees; To negotiate fundin& service level agreements and contracts with statutory bodies. To maximise other income generation, enabling fulfilment of the aims and objectives of the organisation To be responsible for all aspects of human resource management; To be aware of legislative requirements and good practice, and ensure all relevant policies and procedures are in place; To promote the organisation and increase awareness of the effects of brain injury. The Finance Manager and Company Secretsry is responsible for all aspects of finance and accounting. The key tasks are: To maintain appropriate and accurate financial records: To produ monthly management reports and annual financial statements; To ensure the organisation meets all relevant company legislation. The Centre Managers are responsible for the delivery of the day care service. The key tasks are: Management of the specialist day service at respective centres; To provide leadership and support for the care staff; Ensuring relevant legislative requirements are met. Page
HEADWAY ESSEX (A company limited by guarantee) TRusfEE'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Head of Brain Injury Services is responsible for Headway Essex service delivery. The key tasks are: Be responsible for the leadership and management development of the service delivery team. Play a lead role in the strategic development and operational delivery of person centred care Have overall responsibility for the safeguarding of adults in the organisations care. RISK AND INTERNAL CONTROL The Trustees have overall responsibility for ensuring that the Charity has an appropriate system of controls, financial and otherwise. They are also responsible for safeguarding the assets of the Charity and for taking reasonable steps for the prevention and detection of fraud and other irregularitie5. The Trustees acknowledge their responsibility for the Charity's system of internal control and for reviewing its effectiveness. The Trustees recognise that such a system is designed to manage (but not eliminate) risk of failure to achieve the Charity's objectives, and can only provide reasonable (not absolute) reassurance against material misstatement or loss. The Board of Trustees delegates powers to the Executive Committee, as detailed above. Systems of control designed to mitigate risk include a three year strategic plan, an annual budget, regular consideration by the Trustees of actual results compared to budget, forecasts and monitoring of reserve levels. A Risk Register is maintained that identifies Potential risks and impact of those risks to each part of the Charity. The Register details the controls in place to mitigate each risk, together with the associated monitoring processes. The risks, control and monitoring procedures are reviewed and reassessed regularly. Areas of potential improvement are identified and timetables for action implemented. The Risk Register may be added to at any time and will be reviewed by the Board of Trustees annually. Risks involving the Charity's client group are dealt with within the control procedures of each department. RESERVES The Trustees feel it is appropriate to provide for short-term commitments, ongoing programmes and risks to future funding and feels that a minimum level of unrestricted general reserves to be held is an amount equal to at least three months, average unrestricted expenditure. However, the three- month policy represents the minimum and the aim is to keep reserves at a level to cover at least six months expenditure. This will ensure that we have sufficient funds to cover any late arrivals of funding from statutory bodies and cover the fluctuations in fundraising income through the year. The Trustees recognise that certain asperts of the Charity's finances offer increased risk and the Board will designate specific amounts from free reserves to help mitigate these risks. Furthermore the Trustees may designate funds from reserves to assist in future development plans. This policy is reviewed annually and the current reserve5 Position is detailed on page 30. Page
HEADWAY ESSEX (A company limited by guarantee) TRusfEE'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 VOLUNTEERS In all aspects of our work volunteers play a vitsl role. The board is grateful to everyone who has volunteered their time in furthering the work of Headway Essex and it is recognised that the donation of time is every bit as important as money or gifts. We estimate that during the year volunteers donated their time in the following areas.. North Essex South Essex Fundraising Total 4,189 hours 407 hours 621 hours 5,217 hours Full time equivalent number of staff 2.68 CHARITABLE AcfiviTIES Headway Essex Servi¢es Headway Essex continues to operate services across the whole of the County to ensure that adults living with the effects of an injured brain has the opportunity to lead a fulfilling life. Our work is grounded in a holistic client centred approach. We offer SeICe5 in the community either one-to-one or groups and in our day centres. We also operate a Helpline for people to call or email for support. Our service users may have physical. cognitive, communication, social, emotional or vocational needs as a consequence of their brain injury. Those close to them may also need support, signposting and a listening ear to enable them to look after the person who experienced the brain injury. This was another year of growth for our services, our brain injury education programme ran several times, helping people to understsnd why their injury impacted them in different ways and teaching them strategies to overcome some of the problems they face. The numbers of people accessing our Colchester centre has increased to pre-pandemic numbers. Our Centre in Benfleet grew from opening one day per week to three days per week. This has given u5 the problem of recruiting high quality staff at a time when all areas of health and social care are struggling with recruitment. Page io
HEADWAY ESSEX {A company limlted by guarantee) TRUSTEE'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES To provide support, information and advice to people with traumatic and acquired brain injury. To provide respite for carers. To improve the health and well-being of people with acquired brain injury. To increase self-awareness and understanding of brain injury and its effects. To increase independence. To reduce social isolation. To identify the unmet need of brain injury survivors. ACHIEVEMENTS Set up a service user forum to gain feedback on what people want from our services and if we are meeting that need. Helped individuals gain benefits, 355iSted during PIP assessments and when required, appeal5. Succe55fully ran our Brain Injury Education Programme . Supported a family to stay together through working with Social Services, Health colleagues and a local school. Young Circle training day for brain injury survivors. Taking the Headway play on tour to 3 additional Universities. Established a hospital link worker across Essex. FUTURE PLANS Work with colleagues in Health and Social care to recognise and reduce gaps in care for people with brain injury. Introduce support groups in additional localities to make it easier for people to access support. Extend the day centre services at the South Essex Hub to 4 days per week. Recruit high quality volunteers to both Hubs. Promote our services further in order to reach more people. Establish plans for a neuro therapy suite. To start a carers training progTamme. Establish a hub at Essex University to provide serves for people with ABI out of hospital. FUNDING AND PROMOTIONAL AcfiviTIES The fundraising and marketing key objectives are to promote and raise the profile of the charity and to generate income. This is to ensure people are aware of our services, know how to access them if they need our help and how to support us. There are a range of fundraising activities which include grant applications, individual, corporate and community giving, events and challenges. OBJEcfivES To increase awareness of the organisation to a wider community. To secure funding to Sustain and develop the services of Headway Essex. Page li
HEADWAY ESSEX {A company limited by guarantee) TRUSTEE'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENTS DURING THE YEAR Grants and trusts Grant income of over £194,000 was received in the year. This includes £65,000 from Essex County Council Public Health Accelerator Bids (PHABI to fund activities including a hospital link worker and promote healthy living for people with ABI over the two future years. We were a150 grateful to receive a £25,000 grant from the Garfield Weston Foundation, in addition to continued 5UPPOft from the Lottery Reaching Communities Fund and the Henry Smith Charity. Fundraising The charity's flagship annual event, the Essex Classic Vehicle Show at Castle Park in Colchester, was again a great success. The charity's first Fire Walk was held in Benfleet. This was a triumph with 17 participants raising £5,000. Marketing The marketing function has been under review during the year to establish the best approach to achieve the optimal outcome. The goal is to ensure the role drives growth and enhances awareness. In the interim the social media function was outsourced resulting in a professional, consistent look and brand. This has achieved an increased level of engagement and introduced regular activity on the Linkedln platform. All other marketing functions were spread across the Fundraising Team. FUTURE PLANS The aim is to continue to increase the charity's income and profile in both the Colchester, and Benfleet, as well as the wider county. The focus is to develop the community and corporate supporter base, with low risk, low cost activities to maximise the return on investment. Alternative ways are being sought to engage and educate the public about Brain Injury, its prevention and wellbeing. An example of this is school visits to promote the wearing of bicycle helmets, and health checks to be offered. More fundraising choices and options are to be offered with a increased range of open challenges. To roll out new plans for the marketing function. GOVERNANCE Headway Essex requires a strong governance infrastructure to ensure that the charity is run appropriately, legally and has policie5, monitoring Systems and information technology in place to ensure best practice. Page 12
HEADWAY ESSEX (A company limited by guarantee) TRUSTEE'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 OBJEcfivES To provide direction and strategy. To ensure busine55 continuity. To ensure that appropriate policies and procedures are in place, reviewed and adhered to. To maintain quality standards within the organisation. To ensure services are monitored and evidenced to demonstrate Headway is achieving its aims and required outcomes. To meet Headway's contractual obligations. To monitor the IT infrastructure. To provide an HR function. ACHEIVEMENTS DURING THE YEAR The continued review of policies and procedures. Secured a new supplier for HR and H&S legal support and advice. Maintained IT systems with software renewals and a server replacement. Successful recruitment across the organisation. Completion of trauma informed training. Achieved a clear audit of the IS09001 Quality Standard. FUTURE PLANS Review of the Health and safety policies and compliance with them Phone and IT system migrated to the cloud to make the charity fully mobile. FINANCIAL REVIEW The Statement of Financial Activities on page 17 shows the results for the year and the financial position is shown in the Balance Sheet on page 18. The net expenditure for the year amounted to £ 101,568. Despite a deficit for the year, the trustees are satisfied with this result as there are sufficient reserves to sustain the charity. Funding has been recognised in the accounts that relates to sepiice running costs in future years totalling £118,250. Details can be found in note 19. FUNDING SOURCES The main source of income for the year was the charitable attendance income. This was supplemented by fundraising income, mainly in the form of grant income. As has occurred in previous years, amounts have been received and recognised to support the costs of the charity in future year. Detail of these amounts are shown as restricted funds carried forward in the Statement of funds note number 19 on page 30. FUTURE PLANS The charity aims to expand it income base from fundraising with the team focusing on the most cost effective methods to increase the return on investment. The charity aims to continue to expand its services, particularly in South Essex, with an additional day at the centre. Page 13
HEADWAY ESSEX (A company limited by guarantee) TRUSTEE'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 RESERVES At 31 March 2024 the unrestricted free reserves, after the dedurtion of designated funds and fixed assets from the total reserves were £305,291. This represents the equivalent of 4.5 months expenditure compared to a minimum policy requirement of 3 months. The trustees consider the additional reserves appropriate as the 3 month policy represents a bare minimum only. Reserves are expected to keep to at least 6 months during the year. General reserves have increased by £ 257,957 during the year. Thi5 is due mainly to the £ 318,382 transfer from restricted reserves representing the purchase of the Headway Centre in 2021. In accordance with the reserves policy on page 9, the Trustees have identified areas of highlighted risk or future development and have designated funds from reserves as follows: South Essex Day Centre £25,000- The Trustees have designated funds to furthering of Day Care serl¢e$ in South Essex. Property fund £IOO,000- The Trustees have designated funds to furthering of Day Care Services in South Essex. Restricted funds were £120,738 This represents funding recognised in relation to future projects. Going Concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in prepafing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policie5. Statement as to dlsclosure of information to Independent examiners So far as the trustees are aware at the time of approving our trustees, annual report: So far as the trustees are aware at the time of approving our trustees, annual report". there is no relevant information, being information needed by the independent examiner in connection with preparing their report, of which the charity's independent examiner is unaware, and the trustees, having made enquiries of fellow directors and the charity's independent examiner that they ought to have individually taken, have each taken all Steps that he/she is obliged to take as a director in order to make themselves aware of any relevant independent examination information and to establish that the independent examiner is aware of that information. This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees declare that they have approved the trustees, report {including directors, report} above. Approved by the Trustee Board on and signed on its behalf Alan Chair f Trustees Date: 5 September 2024 Page 14
HEADWAY ESSEX (A company limited by guarantee) TRUSTEE'S RESPONSILIBIITIES STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees (who are also the directors of the Charity for the purposes 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 Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under common law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles of the Charities SORP {FRS 102); make judgments and accounting estimates that are reasonable and prudent; state whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material departures disclosed and explained in the financial statements: prepare the financial statements of the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of fjnancial statements may differ from legislation in other jurisdictions. Approved by order of the board of Trustees and signed on its behalf. Ala Chai of Trustees Date: 5 September 2024 Page 15
HEADWAY ESSEX {A company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 I report to the charity trustees on my examination of the accounts of the above charity for the year ended 31 March 2024 which are set out on pages 17 to 35. Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 { the Arfl. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your compan¢s accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515)(b) of the 2011 Act. Independent examineVs statement Since the compan5 gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of The Institute of Chartered Accountants in England and Wales. which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the company as required by section 386 of the 2006 Act: or the accounts do not accord with those records: or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination: or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Daniel Aldworth Independent Examiner For and on behalf of Griffin Chapman Date: 121912¥_ 4 & 5 The Cedars Apex 12 Old Ipswich Road C07 7QR Page 16
HEADWAY ESSEX (A company limited by guarantee) 5fATEMENT OF FINANCIAL AcfiviTIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 Unrestrfcted Restricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Note Income from Donations and legacies Charitable activities Other trading activities Investments Other income 82.304 434.733 42,306 7,244 1,361 150,536 232,840 434,733 42,306 7,244 1,361 219,619 350,326 76,186 2,244 235 Total income 567.948 150,536 718,484 648,610 Expenditure on Raising funds Charitable activities 196,573 432,874 196,573 623.479 184,283 577,261 190.605 Total expenditure 629,447 190,605 820,052 761,544 Net (expenditure)fincome Transfer between funds 161,499) 319,456 {40,069) {101,5681 (112.9341 {319,456) 19 Net movement in funds 257,957 {359,5251 1101.568) {112.9341 Reconciliation of funds Total funds brought forward Net movement in funds 591,636 257,957 480,263 1,071,899 1,184,833 (359,525) (101,568) 1112,934} Total funds carried forward 849,593 120,738 970,331 1,071,899 The statement of financial activities includes all gains and losses recognised in the year. The notes on pages 20- 35 form part of these accounts. Page 17
HEADWAY ESSEX (A company limited by guarantee) BALANCE SHEEr AS AT 31 MARCH 2024 2024 2023 Note Fixed assets Tangible assets 13 419,302 431,151 Current assets Stocks Debtor5 Cash at bank and in hand 14 15 512 211.818 473,738 91,818 501,573 593,777 686,068 Creditors: amounts falling due within one year 16 39,422 40,516 Net current assets 554,355 645,552 Totsl awts less current Ilabilities 973.657 1,076,703 Creditors: amounts falling due after more than one year 17 3,326 4,804 970,331 1,071,899 Charlty funds Restricted fund5 19 120,738 480,263 Unrestricted funds: Designated funds General funds 19 19 125,000 724,593 125.000 466,636 Totsl unrestricted funds 849,593 591,636 Total funds 970,331 1,071,899 The Company was entitled to exemption from audit under section 477 of the Companies Act 2006. The Members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companles Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial ststements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. d and authorised for issue by the Trustees and signed on their behalf by: App Alan B con Chair of Trustees Date: 5 September 2024 Page The notes on pages 20- 35 form part of these accounts. 18
HEADWAY ESSEX (A company limited by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Cash flows from operating actlvlties Net cash used in operating artivities 30,362 (4,1181 Cash flows from investing actlvltles Dividends, interests and rents from investments Proceeds from the sale of tangible fixed assets Purchase of fixed assets 7,244 2,244 24,500 (63,5371 {9,771) Net cash used In Investing activities 12,527) (36,793} Change In cash and cash equlvalents In the year 27,835 (40,911} Cash and cash equivalents at the beginning of the year 473,738 514,649 Cash and cash equivalents at the end of the year 501,573 473,738 Reconclllatlon of net movement in funds to net cash Net income/(expenditure) for the year 1101,5681 (112.934) Depreciation charge Loss/lprofit) on the sa le of fixed assets Interest received Decrease/(increasel in debtor5 IDecreasel/increase in stock Decrease in creditors 21,620 22,514 {4,555) {2,244) 115,442 119 (22,4601 17,244) 120,000 126 (2,572) Net cash provided by/(used in) operatlng activities 30,362 14,1181 The notes on pages 20- 35 form part of these accounts. Page 19
HEADWAY ESSEX (A company Ilmlted by guarantee) NOTES TO THE FINANaAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 l General informatlon The charity is a company limited by guarantee and has no share capital, and is registered with the Charity Commission. The charity provides services and sUPPOrt across Essex to persons with acquired brain injury. 2 Accounting policies 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP (FRS 102 - Accounting and Reporting by Charities- Statement 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) leffective l January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006. Headway Essex meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unle55 Otherwise stated in the relevant accounting policy. 2.2 Going concern The financial statement shave been prepared on a going concern basis as the trustees believe no material uncertainties exist. The trustees have considered the level of funds held and the level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is Sufficient level of reserves for the charity to be able to continue to be able to continue as a going concern. 2.3 Income All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measure reliably. The recognition of income from legacies is dependent on establishinE entitlement, the probability of receipt and the ability to estimate with 5ufFicient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured. Page 20
HEADWAY ESSEX (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Grants are included in the Statement of Financial Activities on a receivable basis. The balance of the income received for specific purposes but not expended during the period shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt. its recognition 15 defeired and included in creditors a5 deferred income. Where entitlement occurs before income is received, the income is accrued. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Other income is recognised in the period which it is receivable and to the extent the goods have been provided or on completion of the service. 2.4 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it Is probable that a transfer of economic benefit will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more that one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use, Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities, events a nd non-charitable trading. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, a5 well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2.5 Government grants Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of Financial Activities over the expected useful lives of the a55ets concerned. Other grants are credited to the Statement of Financial Activitie5 a5 the related expenditure is occurred. 2.6 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. Page 21
HEADWAY ESSEX (A company limited by guarantee) NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 2.7 Taxation The Charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity IS Potentially exempt from taxation in respect of income or capital gains received within categorie5 covered by Chapter 3 Part 11 of the Corporation Tax Act or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. 2.8 Tangible fixed assets and depreclatlon Tangible fixed assets costing £nil or more are capitalised and recognised when future economic benefits are probable and the costs or value of the asset can be measure reliablv. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at costs less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight line method. Depreciation is provided on the following basis: Freehold property Motor vehicles Fixtures and fittings 2% straight-line on valuation of the building 250 25% and 33.3%, and over 15 years 2.9 Stocks Stocks are valued at the lower of costs and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 2.10 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.11 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three moriths or less from the date of acquisltion or opening of the deposit or similar account. Page 22
HEADWAY ESSEX (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 2.12 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recogni5ed at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax rate that reflects the risks specific to the lability. The unwinding of the discount is recognised in the Statement of Financial Activities a5 a finance cost. 2.13 Financlal instruments The Charity only has financial assets and financial labilities of a kind that qualify as basic financial instruments. Basic f inancial instruments are initially recogn ised at transactlon value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.14 Flnance leases and hire purchase Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the Charity. Obligations under such agreements are included in creditors, net of the finance charge allocated to futures periods. The finance element of the rental payment is charged to the Statement of Financial Activities so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. 2.14 Operating leases Rentals paid under operating leases are charges to the Statement of Financial Activitie5 on a straight-line basis over the lease term. Z.16 Pensions The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year. Page 23
HEADWAY ESSEX IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 2.17 Fund accounting General funds are unrestricted funds which are available for the use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Designated funds comprise unrestricted fund5 that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes of the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. 3 Income from donations and legacies Unrestrlct- ed funds 2024 Restricted funds Total funds Total funds 2024 2024 2023 Donations Grants 38,104 44,200 620 149,916 38,724 194,116 52,280 167,339 82,304 150,536 232,840 219,619 Total 2023 70,480 149,139 219,619 Unrestrict- ed funds 2024 Restricted funds Total funds Total funds 2024 2024 2023 4 Income from charitable activities Attendance- Day Care Minibus income- Day Care Attendance- CSS 431,702 1,280 1,751 431,702 1,280 1,751 347,862 1,513 951 434,733 434,733 350,326 Page 24
HEADWAY ESSEX (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlct- ed funds 2024 Restricted funds Total funds Total funds 2024 2024 2023 5 Income from other trading activities Income from fundralslng events Fundraising events Trading 42,162 144 42,162 144 75,899 287 42,306 42,306 76,186 Unrestrict- ed funds 2024 RestrScted funds Total fvnds Total funds 2024 2024 2023 6 Investment income Bank deposit account interest 7.244 7,244 2,244 Unrestrict- ed funds 2024 Restrirted funds Total funds Total funds 2024 2024 2023 7 Other incomlng resources Other income 1,361 1,361 235 Unrestrlct- ed funds 2024 Restricted fvnds Total funds Total funds 2024 2024 2023 8 Expenditure on raising funds Costs of raising voluntary income Premises expenses Other overheads Office expenses Service expenses Fundraising promotion costs Fundraising events Other expenses Other personnel costs Staff costs Depreciation 30,825 7,867 8,961 2,078 3,055 6,518 66 1,769 133,283 2,151 30,825 7,867 8,961 2,078 3,055 6,518 66 1,769 133,283 2,151 28,863 903 8,219 1,859 1,775 15.951 412 1.728 122,900 1,554 196,573 196,573 184,164 Page 25
HEADWAY ESSEX (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Unrestrict- ed funds 2024 Restricted funds Total funds Total funds 2024 2024 2023 8 Expenditure on raisin8 funds Continued Fundraising trading expenses Cost of goods sold 119 Unrestrirt- ed funds 2024 Restrirted funds Total funds Total funds 9 Analysis of expenditure by activities 2024 Z024 2023 Day care services Community support services Minibus 193,563 233,364 5,947 160,889 29,716 354,452 263,080 5,947 309,609 261,907 5,745 432,874 190,605 623,479 577,261 Total 2023 315,943 261,318 577,261 Total funds Total funds 2024 2023 Day care services Community support services Minibus Support costs 318,706 247,760 5,947 51,066 276,985 247,925 5,745 46,606 623,479 577,261 Page 26
HEADWAY ESSEX (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysis of dlrect costs Total fund5 Total funds 2024 2023 Staff costs Depreciation Other personnel expenses Premises expenses Other overheads Service expenses Office expenses Other expenses Sundry fixed assets Transport expen5e5 Gain on disposal of fixed asset 400,193 18,082 10,668 52,128 2,730 57,255 23,900 333 387,745 19,981 5,929 40,027 2,763 51,165 17,838 277 1,171 5,947 3,741 5,745 14,555) 572,407 530,656 Analysis of support costs Total funds Total funds 2024 2023 Staff costs Depreciation Other personnel expenses Premises expenses Other overheads Service expenses Office expenses Other expenses Sundry fixed assets Auditors remuneration Independent examination 30,305 1,387 533 1,222 8,623 788 2,684 1,122 156 420 3,840 31,598 980 360 2,285 5,814 288 5,280 51,080 46,605 10 Auditor5 remuneratlon I Independent examination 2024 2023 Independent examination fees Audit fees Other services 3,840 420 14 4,080 1,200 4,274 5,280 Page 27
HEADWAY ESSEX (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 11 Staff costs 2024 2023 Wages and 5alarie5 Social security costs Defined contribution pension scheme contributions 512,784 40,061 10,936 490,055 41,502 10,686 563,781 542,243 The average number of persons employed during the year was: 2024 No. 2023 No. Day care Community support services Fundraising, publicity and finance Governance of the charity 22 19 No employees received remuneration amounting to more than £60,000 in either year. 12 Trustees, remuneratlon and expenses and Cost of key management personnel The trustees received no remuneration nor expenses during both the current and preceding year. Total employee benefits of the key management personnel of the charity were £199,285 {2023 £208,245). Freehold property Motor Flxtures vehlcles and flttlngs 13 Tanglble fixed assets Total Cost or valuation At l April 2023 Additions Disposals 350,000 52,908 186,141 9,771 589,049 9,771 At 31 March 2024 350,000 52,908 195,912 598,820 Depreciation At l April 2023 Charge for the year Eliminated on di5P05al 9,000 3,000 3,367 6,735 145,531 11,885 157,898 21,620 At 31 March 2024 12,000 10,102 157,416 179,518 Net book value At 31 March 2024 338,000 42,806 38,496 419,302 At 31 March 2023 341,000 49,541 40,610 431,151 Page 28
HEADWAY ESSEX (A company limited by guardntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14 Stocks 2024 2023 Finished goods for resale 386 512 IS Debtors 2024 2023 Due within In year Other debtors Prepayments and accrued income 54,948 36,870 181,274 30,544 91,818 211,818 16 Credltors: Amount5 falling due within one year 2024 2023 Trade creditors Other taxation and social security Obligations under finance lease and hire purchase contracts Other creditors Accruals and deferred income 9,308 6,233 1,478 2,158 20,245 4,215 10,673 1,479 2,790 21,359 39,422 40,516 17 Credltors: Amounts falling due after more than one year 2024 2023 Obligations under finance lease and hire purchase contracts 3,326 4,804 18 Financlal Instruments 2024 2023 Financial assets Financial assets measured at fair value through income and expenditure 501,573 473,738 Financial assets measured at fair value through income and expenditure comprise bank balances. Page 29
HEADWAY ESSEX (A company limited by guarantee) NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 19 Statement of funds Current year At l Aprll 2023 At31 Transfers March 2024 Income Costs Unrestricted funds Deslgnated funds South Essex Day Centre Property fund 25,000 100,000 25,000 ioo,i)00 125,000 125,000 General funds General funds General funds re fixed assets 353,866 112,770 567,948 {617,597) 111,850) 1,074 318,382 305,291 419,302 466,636 567,948 629,447 319,456 724,593 Total unrestricted funds 591,636 567,948 629,447 319,456 2,108,487 Restrirted funds Specific grants and donations Day centre purchase Tendering CVS Lottery Reaching Communities Fund - South Essex Hub Stay Well Improving Lives Carers work shops Screwfix- shed Colchester Catalyst Respite Community 360 bursary ECC Phab Provide Community CS French Poulton Benfleet Ladies Section 2,627 318,382 15,843 12,627 1318,382 {15,8431 102,305 16,828 36,954 2,583 1,681 4,097 12.480 4.493 65,308 2.000 3.492 250 370 197,973} {7,699) (45,000) {1,681) 11,324) (12,480) {4,4931 2,527 23,687 29,255 41,106 1,311 (2,285) 488 65,308 2,000 {3,4921 12501 13701 480,263 150,536 {190,6051 1319,456) 120,738 Total funds 1,071.899 718,484 438,842 2.229.225 Page 30
HEADWAY ESSEX (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 19 Statement of funds Continued Restricted Funds Day centre purchase - Headway Centre This represents the amount that was raised for the building's purchase. As the freehold has been acquired the balance has been transferred to general funds. Lottery Reaching Communities Fund - South Essex Hub This project is funded by the Lottery Reaching Communitie5 Fund for continued funding for Communtty Support and Support Groups in South West E55ex. The charity was awarded a grant of £244,528. The project commenced on l October 2021 and will be for 3 years. Stay Well This represents amounts received to fund support worker costs to provide a first line support service in North East Essex. Screwfix - shed An amount was donated to purchase a shed in the ground5 of Headway House, The shed has been purchased and erected. The balance represents the remaining amount to buy shelving and paint for the building. ECC PHAB (Public Health Accelerator Bid) £65,308 was received to fund a hospital link worker role and to deliver general health checks, for the early indication and prevention of potential serious health conditions, Funding is for 2 years from April 2024. Provide Community £2,000 was donated for the purchase of sensory therapy equipment. This wa5 acquired after the year end date. Designated Funds The Trustees have identified areas of highlighted risk or future development and have designated funds from reserves as follows: £25,OCK) South Essex Day Care - The Trustees have designed funds to support the furthering of Day Care services in South Essex. £IOO,000 Property- The Trustees have designated funds to refurbish the Headway Centre and provide property sustainability. Page 31
HEADWAY ESSEX (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 19 Ststement of funds Continued Prlor year l April 2022 31 March 2023 Income Costs Transfers Unrestricted funds Designated funds South Essex Day Centre Property fund 25,000 loo.000 25,000 loo,000 125,0(K) 125,000 General funds General funds General funds re fixed assets 326,158 91,691 499,471 {471,763) (28,463) 353,866 112,770 49,542 417,849 499,471 1500,226) 49,542 466,636 Total unrestrlcted funds 542,849 499,471 (500,2261 49,542 591,636 Restricted funds Specific grants and donations Day centre purchase Tendering CVS Lottery Reaching Communities Fund- South Essex Hub Improving Lives Minibus CBC Realising ambitions 116,387 (113,7601 2,627 318,382 15,843 318,382 15,843 189,058 86,106 36,000 12,438 {86,753} {45,0001 13,367} {12,4381 102,305 41,106 16,909 149,542 641,984 149,139 (261,3181 {49,542 480,263 Total funds 1.184,833 648.610 (761.544) 1.071.899 Page 32
HEADWAY ESSEX (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 20 Summary of funds Current year At l April 2023 Transfers At31 In/(out) March 2024 Income Costs Designated funds General funds Restricted funds 125,000 466,636 480,263 125,000 724,593 120,738 567,948 150,536 (629,447) 319,456 (190,605) 1319,456) 1,071,899 718,484 {820,052) 970,331 Prlor year At l April 2022 Transfers At31 in/(out) March 2023 Income Costs Designated funds General funds Restricted funds 125,000 417,849 641,984 125,000 466,636 480,263 499,471 149,139 1500,2261 {261,3181 49,542 149,542) 1,184,833 648,610 761,544 1,071,899 21 Analysls of net assets between funds Current year Unrestricted Restrlcted Total Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year 419,302 473,039 (39,422) 13,326) 419,302 593,777 (39,422) 13,326) 120,738 849,593 120,738 970,331 Prlor year Unrestricted Restrirted Total Tangible fixed assets Current as5et5 Creditors due within one year Creditors due in more than one year 112,769 524,187 (40,516) {4,804) 318,382 161,881 431,151 686,068 140,5161 14,8041 591,636 480,263 1,071,899 Page 33
HEADWAY ESSEX (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 22 Analysis of changes in net debt At l April At31 2023 Cash flows March 2024 Cash at bank and in hand Finance leases 473,738 {6,283) 27,835 1,479 501,573 {4,804) 467,455 29,314 496,769 23 Capital commitments There were no capital commitments at the current and prior year ends 24 Pension commitments The charity operates a defined contribution pension scheme. The assets of the scheme are held Separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund amounts to £ 10,936 (2023 - £ 10,686}. 25 Operatlng lease commitments At 31 March 2024 the charity had commitments to make future minimum lease payments under non-cancellable operating lease as follows: 2024 2023 No later than one year Later than one year and not later than five years 54,003 32,234 41,869 35,969 86,237 77,838 26 Finance lease commitments Net obligations repayable 2024 2023 Within one year Between two and five years 1,478 3,326 1,479 4,804 4,804 6,283 Page 34
HEADWAY ESSEX IA company limited by guarantee) NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 27 Members, liability Each member of the charitable company undertakes to contribute to the assets of the company in the event of it being wound up while they are a member, or within one year after they ceases to be a member, such amounts as may be required, not exceeding £1 for the debts and liabilities contracted before they ceases to be a member. 28 Related party transactions There were no related party transactions in the current nor previous period. Page 35
HEADWAY ESSEX {A company limited by guarantee) INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 2024 2024 2023 2023 Voluntary Income Oonations Gift Aid Grants 31,475 7.249 194.116 48,832 3,448 167,339 232,840 219,619 Activities for generatlng funds Fundraising events Trading 42,162 144 75,899 287 42,306 76,186 Investment income Bank interest 7,244 2,244 7,244 2,244 Incoming resources from charitable activities Attendance Minibus income Training 433,687 1,280 348,813 1,513 434,967 350,326 Other incoming resources Other income 1,127 235 1.127 235 Total income 718,484 648,610 Page 36
HEADWAY ESSEX (A company limited by guarantee) INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 2024 2024 2023 2023 Cost of generatlng voluntary income Wages Social security Pension Other personnel expenses Premises and insurance expenses Other overheads Sundry fixed assets Service expenses Office expenses Fundraising promotion costs Fundraising events Other expenses Depreciation Cost of goods sold 121,483 9,071 2,729 1,769 30,825 7,867 111,775 8,681 2,445 1,728 28,863 903 366 1,859 8,219 1,775 15,951 46 1,554 119 2,078 8,961 3,055 6,518 66 2,151 196,573 184,284 Charltable activities Wages Social security Pension Other personnel expenses Premises and insurance Other overheads Sundry fixed assets Service expenses Transport expenses Office expenses Other expenses Depreciation Gain on disposal 364,528 28,157 7,508 10,668 52,128 2,730 1,171 57,255 5,947 23,906 333 18,082 350,162 30,004 7,578 5,929 40,027 2,763 3,740 51,165 5,745 17,838 278 19,980 14,555) 572,413 530,654 Page 37
HEADWAY ESSEX {A company limited by guarantee) INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 2024 2024 2023 2023 Governance costs Wages Social security Pension Auditors remuneration Independent examination Other personnel costs Premises and insurance Other overheads Sundry fixed assets Service expenses Transport expenses Office expenses Other expenses Depreciation 26,773 2,833 699 420 3,840 533 1,222 8,623 156 28,118 2,817 663 5.280 360 857 5,814 788 288 2,684 1,108 1,387 1,428 980 51,066 46,605 Total expenses 820,052 761,543 Surplu51{deficit) {101.568) (112,933) The notes on pages 20- 35 form part of these accounts. Page 38