Headway Essex HEADWAY ESSEX Providing brain injury care and support Annual Report and Financial Statements For The Year Ended 31 March 2025 The Headway Centre Woodland Walk Colchester Essex C04 6DH 01206 845 945 www.headwayessex.org.uk Patron: David Tennant Reglstered Charlty No. 1008807 Company Limited by Guarantee 2674755
HEADWAY ESSEX {A company limited by guarantee) CONTENTS Page Report of the trustees i-io Independent examiners report on the financial statements 11-12 Statement of financial artivities 13 Balance sheet 14 ststement of cash flows 15 Notes to the financial statements 16-31 The following pages do not form part of the statutory financial statements: Charity detailed income and expenditure account and summaries 32-34
HEADWAY ESSEX (A company limited by guarantee) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The Trustees (who are also the Directors of the Company for the purposes of company law) are pleased to present their annual report together with the independently examined financial statements of the charity for the year ending 31 March 2025 which are also prepared to meet the requirements for a directors, report and accounts for Companie5 Act purposes, The financial statements Comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and the Charities Statement of Recommended Practice ("Charities SORP ) (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland; FRS 1021 issued in Ortober 2019. Objectives and actlvities The Charity is established for the benefit of the public and its objectives are the rehabilitation and care of persons, principally in E55ex and the surrounding areas, who have suffered acquired brain injuries or other neurological conditions, and the support of such persons, carers, relatives, friends and those professional persons involved in their treatment. The charity aims to: 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 and meet the unmet need of brain injury survivors. The vision of the charity is that through the work of Headway Essex: people with acquired brain injury wtll fulfil their potential. families and carers wi15 be better able to cope with their caring roles; the wider community will understand the causes and effects of acquired brain injury. The charity provides support in the community and specialist day opportunities and rehabilitation activities for people living with acquired brain injury (ABI) and their families and carers in Essex. The two hubs, in Colchester and 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. The support in the Community is 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. In shaping our objectives, the trustees have referred to the Charity Commission's general guidance on public benefit and regularly reviews its aims, objectives and activities and the benefits they have brought to the people the charity aims to help. Page
HEADWAY ESSEX (A company Ilmlted by guarantee) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 In all aspects of our work volunteers play a vital 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. Achlevements and perforniance 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 Benfleet Hub has continued to thrive and now operates four days a week. Between April 2024 and March 2025, the total number of placements across our day centres rose from 99 to 113. This growth occurrei despite a number of placements ending naturally due to successful rehabilitation or changes in medical need5 While a seasonal dip in numbers is expected over the winter months reflecting national trends linked to increased illness and higher winter mortality rates (with an average 7.1% rise in deaths. particularly among those with multiple co-morbidities) these factors have not had a lasting negative impact on overall attendan. Our community support services continue to grow and evolve, with new groups established to better meet the diverse needs of those we support. This includes the further development of our Young Circle group, the introduction of Integrative Community Therapy within our South Essex carer5 group, a new support group in Southend and a shift towards a more socially focused model for our Mid Essex support group. Each group is regularly reviewed to ensure it remains appropriate and beneficial for its members, and we remain flexible in our approach to adapt to the changing needs of individuals. The hospital link-worker role continues to expand and helps ensure people get the support and information they need in the days, weeks and months following discharge. In this financial year we visited and supported 257 people at bedside after bein8 admitted to hospital with an ABI; also providing support to their family members or other carers through a very difficult time. This far exceeded our target of 100 people, and we are now starting to see some of these individuals accessing our service5 now back home in the community. A pilot scheme was run at the University of Essex {the "Next Steps" projectl: thi5 wa5 a combination of education for people in early stages of brain injury with tailored rehabilitation led by student physiotherapists, occupational therapists and speech and language therapists. This gave students firsthand experience working with people with ABI, and also provided some much-needed rehabilitation support to our clients who have been unable to access this elsewhere. We are hoping to build upon the excellent outcomes and user-led feedback to tailor our support moving forwards. We a150 developed and delivered a very successful programme of family carer support called "Don't Forget about me"_ this is a 5 week programme designed to educate but also support resilience for people caring for someone with a brain injury with a strong emphasis on self-compassion and self-care. We are aiming to continue to deliver these over the next 2 years with our 8rant funding, and hopefully beyond. Page
HEADWAY ESSEX {A company limited by guarantee) REPORT OF THE ThUSTEES FOR THE YEAR ENDED 31 MARCH 2025 In this financial year we also introduced student placements within our day centres. The additional of allied health professional students means we can expand and diversify the services we provide. they have set up new groups, provided some I:1 rehabilitation to some of our clients and have also brought their expertise to the teams of staff which has been valuable to all involved. During this period we welcomed 9 students to our Colchester and Benfleet day centres {6 OT, 2 physiotherapy and I social workl which also raised income of approximately £6,820. Grant income of almost £150,000 was achieved. The charity is grateful to the following organisations who contributed to this total: Colchester Catalyst Charity SEE Health Inequalities Fund Dage Precision Industries- Norsden Trust FSJ Charities Colchester CC Public Health Fund North East Essex Wellbeing Alliance Locality- LHC Communlty Benefit Fund Essex County Council The Perry Watlington Trust Charles S French Charitable Trust Diana Tinson Provide Community Lottery Reaching Communities Glossop Pryor Trust Garfield Weston Foundation Essex Freemasons The charity's flagship annual event, the Essex Classic Vehicle Show at Castle Park in Colchester, was again a great success. Financial Review The Statement of Financial Activities on page 13 shows the results for the year and the financial position is shown in the Balance Sheet on page 14. The net expenditure for the year amounted to £ 126,364. Desplte 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 relate5 to service running costs in future years totalling £70,295. Details can be found in note 19. Page
HEADWAY ESSEX (A company limited by guarantee) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Future plans With the appointment of a new Chief Executive Officer and the establishment of a refreshed Senior Leadership Team, Headway Essex is entering the 2025126 period with a renewed culture, ethos, and strategic focus. This evolution brings enhanced momentum and a clear organisational drive. underpinned by a commitment to excellence and sustainability. At the heart of this renewed approach is the adoption of a ITeam culture, which is defined as: A unified team working collaboratively towards a co-designed Vision, Mission, and set of Value5, alongside clearly defined short-, medium- and long-term strategic objectives. These are shaped by the voice of our service users, with each individual within the organi5ation understanding and embracing their role and shared responsibility in delivering on these critical priorities. While a comprehensive three-year Strategic Plan is currently under development, with a formal launch scheduled for the Annual General Meeting in October 2025, an interim Business Plan for 2025126 h35 been established to provide strategic clarity and direction during this transitional phase. This plan outlines four priority Strategic goals: Embeddlng the ITeam culture across all levels of the organisation Developlng and expandlng servlce provlslon to meet the evolving needs of individuals affected by acquired brain injury Deslgnlng and Emplementlng a new, Innovative, and client-focused fundraising strategy, encompassing: - Strengthening our ability to evidence, articulate, and communicate the measurable impact of our services - Adopting a storytelling approach informed by real client experiences to enhance supporter engagement Diversifying income streams to reduce reliance on traditional funding sources and mitigate financial risk Enhancing stewardship and relationship management with both current and prospective funders Achieving the 2025126 budget, aligned with financial sustainability and strategic priorities Through the continued support of ourvaLued funders, stakeholders. and partners-and guided by this forward-thinking approach Headway Essex remains confident in its abilityto ensure the organisation's long-term sustainability and to continue delivering high-quality, life-changing seNices to individuals livingwith the effects of acquired brain injury. Page
HEADWAY ESSEX (A company limited by guarantee) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Investment policy The charity's liquid funds are invested in short term deposits in order to maximise the investment income while retaining cash for working capital requirements. Amounts are held in deposit accounts. It is the charity's polivi to acquire only fixed assets which will produce income for the charity in the future such as medical equipment, leasehold trading premises and vehicles for use in the trading activities. Reserves and going concern At 31 March 2025 the unrestricted free reserves, after the deduction of designated funds and fixed assets from the total reserves were £365,998. This represents the equivalent of 4.9 months expenditure compared to a minimum policy requirement of three months. 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 flurtuations in fundraising income through the year. The Trustees recognise that certain aspects of the Charity's finance5 offer increased risk and the Board will designate Specific amounts from free reser¥es 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 reserves position is detailed on page 26. 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 preparinE the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. Page
HEADWAY ESSEX (A company limited by guarantee) REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2025 Reference and administrative detai15 Trustees Alan Bacon, Chair Chris White-Thomson {resigned 5 September 2024) David Parkins, Treasurer (resigned 6 February 2025) Anthony Emms, Vice Chair Rob Warren (resigned 2 October 2024} Neil Parrett Simon Shaw Caroline Kempster (appointed 29 May 2025} Sue Merrell (appointed 7 August 2025) Tomas Corbyn (appointed 7 August 2025) Cri5tina Corillini (appointed 7 August 2025) Company number 2674755 Charity number 1008807 Registered office The Headway Centre Woodland Walk Colchester C04 6DH Senior Management Team Chief Executive Officer Joanna Wright (left 13 December 2024) Thomas Harrison tioined 10 March 2025) Emma Mccullagh Nicki Bryant Sarah Wilson {left 11 April 2025) Kelly Le Friant tioined 22 April 2025) Sue Hayden Sargeant Head of Services HR Manager Fundraising Manager Company secretary & Finance Manager Independent examiners Denmark Forrester Chartered Accountants Office 12. The Bentalls Centre Colchester Road Heybridge CM9 4GD Banker5 CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Milling Kent ME19 4JQ Lloyds Bank PLC 27 High Street Colchester COI IDU Pa8e
HEADWAY ESSEX (A company limited by guarantee) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 structure, governance and management Governing document The organisation is a charitable company limited by guarantee, incorporated 31 December 1991 and registered as a charity 26 February 1992. The company was established under a Memorandum of Association which established the objects and powers of the company and is governed under its Articles of Association. The liability of the Members in the event of Headway Essex being wound up is limited to a sum not exceeding £1. Appointment of trustees The directors of the company (the charity) are also charity trustees for the purposes of charity law and under the company's Memorandum and Articles are known as Trustees. Under the provisions of the Articles: li) The number of trustees shall not be less than three but (unless otherwise determined by ordinary resolution) shall be subject to a maximum of twelve trustees who are appointed in accordance with Article 44. (ill Every annual general meeting one-third of the trustees who are subject to retirement by rotstion or, if their number is not three or a multiple of three, the number nearest to one third shall retire from office; but, if there is only one trustee who is subject to retirement by rotation, he or she shall retire. Trustee induction and training Each new Trustee is given a personalised induction programme and receives copies of the Cornpany 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. 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 financial statements may differ from legislation in otherjurisdictions. Page
HEADWAY ESSEX (A company Ilmited by 8uarantee} REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Organisation The Charity is overseen Board of Trustees. The Trustees are saddened at the retirement in September 2024, and subsequent passing in January 2025 of Chris White-Thomson. Chris had been involved with the charity for over 30 years, and was its Chair for many years. The Treasurer. for almost 20 years, David Parkin, retired as Trustee in February 2025. The Board would like to thank him for his many years of service. The Chief Executive Officer has overall resL)onsibiliW for all aspects of service delivery and development. In December 2024 Joanna Wright stepped down as Chief Executive Officer after 27 years in the organisation. The Board thank her for her many years of dedicated service. The Board is delighted to announce the appointment of Tom Harrison as its new Chief Executive Officer. Tom brings a wealth of experience within the health and wellbeing sector. The Board believe that under his leadership the organisation will remain best equipped to continue and enhance its trajectory of success in helping and supporting those who have suffered or been affected by acquired brain injury. The Chief Executive Officer oversees a team of senior managers who are responsible for the day-to-day operations of the charity. The managers have delegated authority for their areas of operation. The Board of Trustees meet with the Chief Executive Officer and Finance Manager on a quarterly basis to monitor the running and performance of the charity. For the purposes of the Companies Act 21X)6 the Members of the Board are plad in the same position as a Board of Dirertors. The Executive Committee, which comprises the Chair, Vice Chair, Chief Executive Officer and Finance Manager meet on a monthly basis covering general work, service delivery and development, funding and personnel. Page
HEADWAY ESSEX (A company Ilmlted by guarantee) REPORT OF THE TrusfEES FOR THE YEAR ENDED 31 MARCH 2025 Related parties and co-operation with other organlsatlons Headway Essex works in partnership with many organisations. We are a condition specific organisation who signpost to avoid duplication of services and who share resource5 and expertise to provide a seamless service for our clients. Headway Essex is please to have worked with the following organisations during the year: University of Essex East Suffolk and North Essex NHS Foundation Trust Mid and South Essex NHS Foundation Trust Peabody Trust Essex City Council East of England probation service Find Your Active- Essex Flexfit CIC Pay policy for senior stsff The board trustees, and the senior management team comprise the key management personnel of the charity. All trustees give of their time freely and did not receive remuneration in the year. Details of trustees, expense5 and related party transactions are disclosed in notes to the accounts. The pay of the senior staff is reviewed annually and benchmarked against other organisations of similar size and nature. Risk management The trustees have a risk management strategy which comprises: An annual review of the principal risks and uncertainties that the charity faces. 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. Area5 Of potential improvement are identified and timetables for action implemented. The Risk Register may be added to at any time. Page
HEADWAY ESSEX (A company Ilmlted by guarantee) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Trustees, responsibilities in relation to the financial ststements 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 (FRS 102) 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 tsking reasonable steps for the prevention and detection of fraud and other irregularities. Statement as to disclosure of infomiation to Independent examiners 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 slgned on its behalf Ajo-f Tony Emms Vlce Chalr Date: 16 October 2025 Page io
HEADWAY ESSEX {A company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 I report to the trustees (who are also Directors for the purpose of company law} on my examination of the financial statements of Headway Essex ('the charitable company,) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and related notes. This report is made solely to the charity's trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters l am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work, for this report, or for the opinions I have formed. Responslblllties and basis of report As the trustees of charitable company you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Art,). Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the Act and are eligible for independent examination, I report in respect of my examination of the charitable company's financial statements carried out under section 145 of the Charitie5 Act 2011 {'the 2011 ACY) and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{51(b) of the 2011 Act. An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently l express no opinion as to whether the financial statements present a 'true and fairf view and my report is limited to those specific matters set out in the independent examiner's statement. Independent examiner's statement Since the companvs 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 financial statements 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 Page li
HEADWAY ESSEX (A company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Report Standard applicable to the UK and Republic of Ireland (FRS102). 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. Robert Easby Chartered Accountsnt Denmark Forrester Date: 17 October 2025 Office 12, The Bentalls Centre Colchester Road Heybridge CM9 4GD Page 12
HEADWAY ESSEX (A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND PENDITuRE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted funds 2025 Restrlcted funds 2025 Total funds 2025 Total funds 2024 Note Income from Donations and legacies Charitable activities Other trading activities Investments Other income 103,923 477,505 69,842 7,849 7,085 109,344 213,267 477,505 69,842 7,849 7,085 232,840 434,733 42,306 7,244 1,361 Total income 666,204 109,344 775,548 718,484 Expenditure on Raising funds Charitable activities 161,498 590.298 161,498 740,414 196,573 623,479 150,116 Total expenditure 751,796 150,116 901,912 820,052 Net {expenditure)/income Transfer between fund5 185,592) 9,671 (40,7721 {126,3641 1101,568) (9,6711 19 Net movement in funds (75,921) {50,4431 1126,364> (101,568) Reconclllation of funds Total funds brought forward Net movement in funds 849,593 (75,921) 120,738 970,331 1,071,899 (50,443) (126,364) (101,5&8) Total funds carried forward 773,672 70,295 843,967 970,331 The Statement of financial artivities includes all gains and losses recognised in the year. The notes on pages 16- 31 form part of these accounts. Page 13
HEADWAY ESSEX (A company limited by guarantee) BALANCE SHEEr AS AT 31 MARCH 2025 2025 2024 Note Fixed assets Tangible assets 13 407,674 419,302 Current assets Stocks Debtors Cash at bank and in hand 14 15 159 78,183 403,905 386 91,818 501,573 482,247 593,777 Creditors: amounts falling due within one year 16 44,106 39,422 Net current assets 438,141 554,355 Totsl assets less current Ilabllltles 845,815 973,657 Creditors: amounts falling due after more than one year 17 1,848 3,326 843,967 970,331 Charlty funds Restricted funds 19 70,295 120,738 Unrestricted funds: Designated funds General funds 19 19 125,000 724.593 773,672 Total unrestricted funds 773,672 849,593 Total funds 843,967 970,331 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 sertion 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial Statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regirne. Approved and authorised for issue by the Trustees and signed on their behalf by: ony Emms Trustee Date: 16 October 2025 The notes on pages 16- 31 form part of these accounts. Page 14
HEADWAY ESSEX (A company limited by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Cash flows from operating actlvltles Net cash used in operating activities (95,116) 30,362 Cash flows from investlng activities Dividends, interests and rents from investments Proceeds from the sale of tangible fixed assets Purchase of fixed assets 7,849 7,244 (10,4011 {9,7711 Net cash used in Investlng activities 12,552) 12,527 Change in cash and cash equlvalents in the year (97,668) 27,835 Cash and cash equivalents at the beginning of the year 501,573 473,738 Cash and cash equivalents at the end of the year 403,905 501,573 Reconclllatlon of net movement In funds to net cash Net income/(expenditurel for the year (126,364) (101,5681 Depreciation charge Interest received Decrease in debtors Decrease in stock Increasel{decreasel in cred itors 22,029 17,849) 13,635 227 3,206 21,620 17,244} 120,000 126 (2.572) Net cash provided by/(used in) operating artlvltles {95,116) 30,362 The notes on pages 16- 31 form part of these accounts. Page 15
HEADWAY ESSEX (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 l General infomiatlon 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. The number of members at the end of the year was 7012024: 70). The liability of each member or persons ceasing to be members within one year of the company's winding up, towards payment of the company debts and liabilities, contracted before cessation of membership, and winding up expenses is limited to £1. 2 Accountlng pollcles 2.1 Basis of preparation of flnanclal 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 1021 (effective l January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS1021 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 unless otherwise stated in the relevant accounting policy. 2.2 Golng 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 establishing entitlement, the probability of receipt and the ability to estimate with sufficient 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 16
HEADWAY ESSEX (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 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 is deferred and included in creditors as deferred income. Where entitlement occurs before income is reived, the income is accrued. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recogni5ed 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 seniice. 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 actlvity, 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 a55et'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 and non-charitable trading. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as 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 assets concerned. Other grants are credited to the Statement of Financial Activities as the related expenditure is occurred. 2.6 Interest recelvable Interest on funds held on deposlt 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 17
HEADWAY ESSEX {A company limited by guarantee) NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.7 Taxatlon 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 categories 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 depreciation Tangible fixed assets C05ting £nil or more are capitalised and recognised when future economic benefits are probable and the costs or value of the asset can be measure reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed asset5 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 25% 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 51ow-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 months or less from the date of acquisition or opening of the deposit or similar account. Page 18
HEAOWAY ESSEX IA company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.12 Llabllities and provisions Liabilities are recognised when there 15 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 recognised 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 effett 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 as a finance cost. 2.13 Financlal instruments The Charity only has financial a55ets and financial labilities of a kind that qualify as baslc financial instruments. Basic financial instruments are initially recognised at transaction 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 benefit5 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 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 Activities on a straight-line basis over the lease term. 2.16 Penslons 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 19
HEADWAY ESSEX (A company1Smited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.17 Fund accounting General funds are unrestricted fund5 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 funds 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 2025 Restrlcted funds Total funds Total funds 2025 2025 2024 Donations Grants 52,723 51,200 13,507 95,837 66,230 147,037 38,724 194,116 103,923 109,344 213,267 232,840 Total 2024 82,924 149,916 232,840 Unrestrlct- ed funds 2025 Restrlcted funds Total funds Total funds 2025 2025 2024 4 Income from charitable activities Attendance- Day Care Minibus income- Day Care Attendance - CSS 474,762 923 1,820 474,762 923 1,820 431,702 1,280 1,751 477,505 477,505 434,733 Page 20
HEADWAY ESSEX (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Unrestrict- ed funds 2025 Restricted funds Total funds Total funds 2025 2025 2024 5 Income from other trading actlvltles Income from fundraising events Fundraising events Trading 69,435 407 69,435 407 42.162 69,842 69,842 42,306 Unrestrirt- ed funds 2025 Restrlcted funds Total funds Total funds 2025 2025 2024 6 Investment income Bank deposit account interest 7,849 7,849 7,244 Unrestrict- ed funds 2025 Restrlcted funds Total funds Total funds 2025 2025 2024 7 Other Incoming resources Other income 7,085 7,085 1,361 Unrestrlrt- ed funds 2025 Restrirted funds Total funds Total funds 2025 2025 2024 8 Expenditure on ralslng funds Costs of ralslng voluntary income Premises expenses Other overheads Office expenses Service expenses Fundraising promotion costs Fundraising events Other expenses Other personnel costs Staff costs Depreciation 25,891 7,430 11.249 1.368 2,966 8,919 282 851 99,660 2,506 25,891 7,430 11,249 1,368 2,966 8,919 282 851 99,660 2,506 30,825 7,867 8,961 2,078 3,055 6,518 66 1,769 133,283 2,151 161,122 161,122 196,S73 Page 21
HEADWAY ESSEX (A company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Unrestrict- ed funds 2025 Restricted fvnds Total funds Total funds 2025 2025 2024 8 Expenditure on raising funds Continued Fundraising trading expenses Cost of goods sold 376 376 Unrestrict- ed funds 2025 Restricted funds Totsl funds Total funds 2025 2025 2024 9 Analysis of expenditure by activities Day care services Community support services Minibus 392,129 192,390 5,779 111,185 38,931 503,314 231,321 5,779 354,452 263.080 5.947 590,298 150,116 740,414 623,479 Total 2024 432,874 190,605 623,479 Total fvnds Total funds 2025 2024 Day care services Community support services Minibus Support costs 467,529 215,984 5,779 51,122 318,706 247,760 5,947 51,066 740,414 623,479 Page 22
HEADWAY ESSEX (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysis of dlrect costs Total funds Total funds 2025 2024 Staff costs Depreciation Other personnel expenses Premises expenses Other overheads Seniice expenses Office expenses Other expenses Sundry fixed assets Transport expenses Gain on disposal of fixed asset 525,365 19,332 5,729 47,835 2,762 55,098 25,186 104 1,742 5,779 400,193 18,082 10,668 52,128 2,730 57,255 23,900 333 1,171 5,947 688,932 572.407 Analysis of support costs Total funds Total funds 2025 2024 Staff costs Depreciation Other personnel expenses Premises expenses Other overheads Service expenses Office expenses Other expen5e5 Sundry fixed assets Auditors remuneration Independent examination 14,848 190 504 17,938 8,405 1,483 3,280 1.328 246 30,305 1,387 533 1,222 8,623 788 2,684 1,122 156 420 3,000 3,840 51,222 51,080 10 Auditors remuneratlon / Independent examination 2025 2024 Independent examination fees Audit fees Other services 3,01)0 3,840 420 14 3,000 4,274 Page 23
HEADWAY ESSEX (A company limited by guarantee) NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11 Staff costs 2025 2024 Wages and salaries Social security costs Defined contribution pension scheme contributions 580,594 47,632 11,647 512,784 40,061 10,936 639,873 563,781 The average number of persons employed during the year was: 2025 No. li 2024 No. Day care Community 5UPPOrt services Fundraising. publicity and finance Governance of the charity 24 22 No employees received remuneration amounting to more than £60,000 in either year. 12 Trustees, remuneration 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 £209,732 (2024 £199,285). Freehold property Motor Fixtures vehicles and fittings 13 Tangible fixed assets Total Cost or valuation At l April 2024 Additions Disposals 350,000 52,908 195,912 10,401 598,820 10,401 At 31 March 2025 350,000 52,908 206,313 609,221 Depreciation At l April 2024 Charge for the year Eliminated on disposal 12,000 3,000 10,102 6,735 157,416 12,294 179,518 22.029 At 31 March 2025 15,000 16,837 169,710 201,547 Net book value At 31 March 2025 335,0(M) 36,071 36,603 407,674 At 31 March 2024 338,000 42,806 38,496 419,302 The historial cost was, and the net book value on thi5 basis, of the Freehold Property is £321,538. Page 24
HEAOWAY ESSEX IA company limited by guarantee) NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14 Stocks 2025 2024 Finished 8oods for resale 159 386 15 Debtors 2025 2024 Due within In year Other debtors Prepayments and accrued income 33,697 44,486 54,948 36,870 78,183 91,818 16 Creditors: Amounts falling due within one year 2025 2024 Trade creditors Other taxation and social security Obligations under finance lease and hire purchase contracts Other creditors Accruals and deferred income 2,129 10,022 1,478 5,428 25,049 9,308 6,233 1,478 2,158 20,245 44,106 39,422 17 Credltors: Amounts falling due after more than one year 2025 2024 Obligations under finance lease and hire purchase contracts 1,848 3,326 18 Financlal instruments 2025 2024 Financial assets Financial assets measured at fair value through income and expenditure 403,905 501,573 Financial assets measured at fair value through income and expenditure comprise bank balances. Page 25
HEADWAY ESSEX {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 19 Statement of funds Current year At l April 2024 At31 Transfers March 2025 Income Costs Unrestricted funds Deslgnated funds South Essex Day Centre Property fund 25,000 loo,000 (25.000} (100,000) 125,000 (125,000) General funds General funds General funds re fixed assets 305,291 419,302 666,204 740,168 11,628 134,671 365.998 407.674 724,593 666,204 751,796 134,671 773,672 Total unrestricted funds 849,593 666,204 751,796 9,671 773,672 Restrlcted funds Colchester Catalyst-uni Project SEE Health Inequalities Fund Dage Precision Industries- Norsden Trust FSJ Charities Lottery- South Essex Hub NEE Wellbeing Alliance LHC Community Benefit Fund ECC- Carers Screw Fix Colchester Catalyst- Respite Colchester CC- Fitness Trainer ECC PHAB Provide Community Charles S French Charitable Trust G Harris Essex Freemasons Black Boy pub A Demain Black Water Law 9,149 7,199 2,000 2,268 15,738 15,954 5,000 19,139 9,149 2,060 2,000 1,031 39,425 17,636 1,250 17,544 41 13,670 2,720 40,817 5,139 1,237 23,687 29,255 27,573 3,750 1,595 447 488 13,670 2,720 65,308 2,000 24,491 375 2,727 107 (1,625) 3,000 107 10,000 800 100 2,500 273 (8,046 1,954 loo 2,500 120,738 109,344 150,116 19,6711 70,295 Total fvnds 970.331 775,548 901.912 843,967 Page 26
HEADWAY ESSEX (A company limited by guarantee) NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 19 Statement of funds Continued Restricted Funds Colchester Catalyst-uni Project Funding for a project run with Essex University involving Students and clients. SEE Health Inequalities Fund This grant is for a Southend hospital link worker and a support group in the area. DaEe Precision Industries- Norsden Trust A grant to purchase gym equipment. FSJ Charities The amount provides support for the running of the Mid Essex Support Group. Lottery - South Essex Hub Funding from Lottery Reaching Communities Fund for 3 years from October 2021 to support Community Support and Support Groups in South West Essex. NEE Wellbeing Alliance This represent5 amounts received to fund support worker costs to provide a first line support service in North East Essex. LHC Community Benefit Fund This funds the Brain Injury and Me courses running from March to May 2025. ECC- Carer5 This supports the carers training work shops run by both the North and South hubs. Screw Fix An amount was donated to purchase a shed in the grounds 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 Provided for the purchase of sensory therapy equipment. Charles S French Charitable Trust This amount was provided to fund the Young Circle Group. Essex Freemasons This amount was provided to cover the costs of surveys, legal and architect costs in relation to the building if an extension with gym facilities. Other G Harris, the Black Boy pub and A Demain donated for items or activities at the North Hub. Black Water Law This amount re5presents funds to Support the running for the Essex University Project. Page 27
HEADWAY ESSEX (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 MARCH 2025 19 Statement of funds Contlnued Prior year 31 March 2024 l Aprll 2023 Income Transfers Unrestricted funds Designated funds Property fund South Essex Day Centre loo,000 25,000 loo,000 25,000 125,000 125,OCM) General fund5 General funds General funds re fixed assets 353,866 112,770 567,948 617,597 11,850 1,074 318,382 305,291 419,302 466,636 567,948 629,447 319,456 724,593 Total unrestricted funds 591,636 567,948 629,447 319,456 849,593 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 {2,627) (318,382) 15.843 102,305 16,828 36,954 2,583 1,681 4,097 12,480 4,493 65,308 2,000 3,492 250 370 97.973 7,699 45,000 1,681 1,324 12,480 4,493 2,527 23,687 29,255 41,106 1,311 {2,285) 488 65,308 2,000 3,492 250 370 480,263 150,536 190.605 (319,456) 120,738 Total funds 1.071.899 718,484 820.052 970,331 Page 28
HEADWAY ESSEX (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 20 Summary offunds Current year At l April 2024 Transfers At31 in/(out) March 2025 Income Costs Designated funds General funds Restricted funds 125,000 724,593 120,738 1125,000) 134,671 19,671) 666,204 109,344 (751,7961 {150,1161 773.672 70,295 970,331 775,548 {901,9121 843,967 Prior year Income Costs Transfers At31 Designated funds General funds Restricted funds 125,000 466,636 480,263 125,000 724.593 120,738 567,948 150,536 629,447 190,605 319,456 1319,4561 1.071,899 718,484 820,052 970,331 21 Analysis of net assets between funds Current year Unrestrirted Restrlcted Total Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year 407,674 411,952 (44,1061 11,8481 407,674 482,247 (44, 106) {1,848) 70,295 773,672 70,295 843,967 Prior year Unrestrlcted Restrirted Total Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year 419,302 473,039 (39,422) {3,326) 419,302 593,777 139,4221 (3,3261 120,738 849,593 120,738 970.331 Page 29
HEADWAY ESSEX (A company limited by guarantee) NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 22 Analysis of Changes in net debt At l April At31 2024 Cash flows March 2025 Cash at bank and in hand Finance leases 501,573 14,8041 {97,668) 1,478 403,905 (3.326) 496,769 {96,190) 400,579 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 £ 11,647 {2024- £ 10,9361. 25 Operating lease commitments At 31 March 2025 the charity had commitments to make future rninimum lease payments under non-cancellable operating lease as follows: 2025 2024 No later than one year Later than one year and not later than fjve years 54,003 32,234 54,003 32,234 86,237 86,237 26 Finance lease commitments Net obligations repayable 2025 2024 Within one year Between two and five years 1,478 1.848 1,478 3,326 3,326 4,804 Page 30
HEADWAY ESSEX (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 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. Pa8e 31
HEADWAY ESSEX {A company limited by guarantee) INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 2025 2025 2024 2024 Voluntary Income Donations Gift Aid Grants 61,485 4,745 147,037 31,475 7,249 194,116 213,267 232,840 Artivities for generating funds Fundraising events Trading 69,435 407 42,162 144 69,842 42,306 Investment income Bank interest 7,849 7,244 7,849 7,244 Incoming resources from charitable activities Attendance Minibus income Training 477,104 923 433,687 1,280 478,027 434,967 other incoming resources Other income 6,563 1,127 6.563 1.127 Total Income 775,548 718,484 Page 32
HEADWAY ESSEX {A company limited by guarantee) INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 2025 2025 2024 2024 Cost of generating 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 good5 sold 90,136 7,461 2,063 851 25,891 7,430 117 1,368 11,249 2,966 8,919 165 2,506 376 121,483 9,071 2,729 1,769 30,825 7,867 2,078 8,961 3,055 6,518 66 2,151 161,498 196,573 Charitable actlvltles Wages Social security Pension Other personnel expenses Premises and insurance Other overheads Sundry fixed assets Service expense5 Transport expenses Office expenses Other expenses Depreciation Gain on disposal 476,828 39,268 9,269 5,826 47,835 2,762 1,742 55,001 5,779 25,529 104 19,332 364,528 28,157 7,508 10,668 52,128 2,730 1,171 57,255 5,947 23,906 333 18,082 689,275 572,413 Page 33
HEADWAY ESSEX (A company limited by guarantee) INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 2025 2025 2024 2024 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 13,630 903 315 26,773 2,833 699 420 3,840 533 1,222 8,609 156 788 3,000 504 17,938 8,405 246 1,483 3,280 1,328 190 2,684 1,108 1,387 51.222 51,052 Totsl expenses 901,995 820,038 Surplus/(deficit) (126,447} (101,554) The notes on pages 16- 31 form part of these accounts. Page 34