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
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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.
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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,.
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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.
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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
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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.
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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.
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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.
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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 Se￿ICe5 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.
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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.
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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.
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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.
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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 ser￿l¢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
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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 compan￿5 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