REGISTERED COMPANY NUMBER: 02665296 (England and Wales) REGISTERED CHARITY NUMBER: 1021036 HEADWAY SWINDON AND DISTRICT UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
HEADWAY SWINDON AND DISTRICT CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Statement of Financlal Position io to 11 Notes to the Financial Statements 12 to 20
HEADWAY SWINDON AND DISTRICT (REGISTERED NUMBER: 02665296) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of 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) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The charity's purpose is set out in the objects set out in its governing documents.. To relieve persons resident in Swindon, Wiltshire and the surrounding area who have suffered head injury or brain damage through illness or accident. To assist their families including co-habitees and dependents of such persons who are in need as is charitable in law. We review our objectives, aims and activities on an annual basis. Our aims remain as follows: Headway Swindon is committed to making a posltive change in the lives of people with a brain injury, their families and their carers by providing help, information and ongoing support. are We listen to those with brain injuries to find out what's important to them and then provide a tailored Cognitive Rehabilitation Therapy programme of tasks and activities to help them achieve their goals. At Headway Swindon, people with brain injuries come first and are valued and respected. We committed to helping each and every one reach their full potential so that they can be themselves and live as independent lives as possible. We believe that all brain injuries matter - no injury is too slight to ignore or too severe to lose hope. Everyone recovers at their own pace and some people can continue to develop new pathways in their brain for many years after injury. Headway Swindon is committed to raising public and professional awareness of acquired brain injury and the needs of people with brain ir¢juries, their families and their carers. Our vision is to be recognised as the regional centre of excellence for cognltive rehabilitation offeri ng the latest techniques and programmes available to maximise independence and quality of life, whilst offering a full programme of support and information to carers and familie5 of brain injury survivors. The charity receives fees from local authorities towards the costs of the charity's service5 provided to service users. Fees are also received from private users and the NHS. The remaining costs of the charity are met by income generated by grants and from fundraising and donations. How we deliver our objectives and aims The charity is principally engaged in the provision of a day care centre providing cognitive and social rehabilitation and 5UPPOrt for clients with brain injuries, and their families and carers. The centre is run at Avocet House, The Dorcan Centre, Swindon this is a150 the registered office of the charity. Main focus for the year In 2024, we have dedicated our efforts to expanding our client base and strengthening our presersce within the community. Through engagement with GP surgeries, Social Prescribers, Hospitals, and the voluntary sector, we have successfully raised awareness and provided crucial support. Our Hospital Liaison services have been instrumental in offering timely interventlon to patients and their fam ilies during critical moments. Face-to-face interactions have proven invaluable in supporting individuals recovering from brain injuries. We have enhanced our approach to asse55ment by refining the use of tools like QOLIBRI and Outcome Star. This improvement allows us to maintain high-quality data, enabling better rnonitoring of our services and more effective promotion of brain injury support. A significant mllestone has been the establishment of our client forum groupi which empowers individuals to have a voice in Headway's direction and advocate for the needs of those with brain injuries. Additionally, we've updated our promotional materials, such as our website and leaflet, to better connect with and support the community. Page I
HEADWAY SWINDON AND DISTRICT (REGISTERED NUMBER: 02665296) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 OBJECTIVES AND ACTIVITIES Who used and benefited from our servlces7 The total number of clients that were funded for help from our service throughout the year was 65. Client numbers remained relatively steady throughout the year, dropping from 58 in the first quarter to 56 by the end of the year. We continue to work alongside health and social care professionals building our profile, supporting the referral process and enabling more people to gain the support of our services. Public benefit Who used and benefited from our services? The majority of clients who attended the Headway Swindon centre in 2024 are Swindon residents (56), with (7) resident in Wiltshire, and (2) in Oxfordshire. 650/0 of our attendees were male, an increase from the previous year (610/0), and beginning to move away from reflecting the national stat5stics on brain injury (550/0 Male, 450/0 Female - although this data is now over five years old). Our service is available to adults, with 2024 attendees, ages ranging from 23-80, and is based on an initial assessment where we gather information about their Injury and how it affects them to ensure we can help the individual and that they feel comfortable in our environment. Equal access for all people is very important for us and we take care to make everyone welcome, irrespective of protected characteristics. We welcome diversity within our staff team, volunteers and attendees, and strive to reach all communities. The specialist requirements for assisting children preclude the charity from providing services to children with brain injury under the age of sixteen. We are very conscious that brain injury does not only affect the individuals who attend our centre, it can also have a major impact on their families, friends and carers. We provide advice and support, through our helpline or in per50n, and have a resource centre full of information to help people understand the effects of brain injury. Public benefit a reas The public benefit provided by the charity is the provision of information, services and support to people with a brain injury, and their families and carers, who live in Swindon and the surrounding including Wiltshire, Gloucestershire, Oxfordshire and Berkshire. The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity'5 aims and objectives and in planning future activities and are satisfied that the public benefit requirements are fully met. There are no private benefits made available to the charity's Trustees. Page 2
HEADWAY SWINDON AND DISTRICT (REGISTERED NUMBER: 02665296) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 ACHIEVEMENT AND PERFORMANCE Charitable activities This year we were able to provide 82 sessions each week a mixture of l.'l and group sessions. This allows people to gain the personal tailored support of, have the time to discuss worries and concerns as well as supporting them with correspondence and encouraging goal setting and achievements. Group sessions encourage peer sUPPOrt and reduce isolation, build self-esteem and work on their collective goals such as communication, memory and cooking and budgeting. Each attendee has a dedicated keyworker with whom every 12 weeks they review, set goals and outcomes and ensure their well-being is being monitored. This is in line with their person-centered plans and their progress towards these goals and outcome5 is monitored to show progress of these goals and outcomes, The focus of the goals and outcomes were around the following: Cognitive abilities Community Links Life skills Bu ilding confidence, social skills/behaviours Learning skills Communication Mental well-being Health & Well-being Brain injury Cognitive Behaviour Therapy Brain injury education As a charlty fundraising is important to be able to fund many activities to enable attendees to achieve these outcomes and provide a holistic variety of activities. We value working with other professional bodies within the community and this year we were able to continue to work with CGL to support attendees with substance misuse. Signposting to other services is vltal in ensuring people gain a variety of support. Working in this way also builds connections within the community to better understand brain injury and the effects of brain injuries. We continue to offer well-being calls when attendees are not able to attend. Our focus is also to support families of people with brain injuries to provide advice and a listening ear in challenging times. We have also provided bespoke support to and advice to attendees about benefits and how to manage their finances, support medical appointments and in some cases providing prompts to attend appointments for those with memory problems. Our regular volunteer workforce is vital in supporting our team and attendees. We also offer student work placements for T-Level, City & Guilds and Degree qualifications. Page 3
HEADWAY SWINDON AND DISTRICT (REGISTERED NUMBER: 02665296) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 FINANCIAL REVIEW Financial position Operational Income The majority of our income comes from the daily rate that we charge clients to attend the centre, the majority of whom are supported by social services. We also receive an annual grant of £32,200 from Swindon Borough Council (SBC) towards the infrastructure that Is required to support all Swindon residents. Due to an increase in attendances and an uplift to our fee, operational income increased to £294,362 vs £260,828 in 2023. Fundraising Grant income decreased from £9,661 to £4000. This difference was due to a lack of capacity in the team to drive grant applications. We are looking at ways we can remedy this in 2025. Our income from donations and fundraising events increased from £24,193 to £54,553. This was due to a legacy of £35,000 being received. As always, the Trustees are very grateful to those who support Headway Swindon & District in work that is widely acknowledged to be necessary. Donations make all the difference to our clients. Operational costs Expenditure stayed relatively inline with the previous year at £359,043 from £359,955. Our largest expense is staffing costs which rose slightly from £234,955 to £240,948, largely accounted for by the wage increase decided on in our annual pay review. The rent will be subject to a 5-year rent review, next due in October 2025, in line with local market rates. The expected cost for building dilapidations are being written off over 10 years. We continue to work with our landlord to reduce our footprint. Performance review The financial outcome for the year was a surplus of £ £34,666. This was due to a greater number of attendances recorded across the year (current clients requesting additional sessions) and a concerted effort to implement more prudent and effective strategies to increase financial stability and ensure the Sustainability of the charity. Reserves policy Reserves are reviewed periodically to ensure that, as far as possible, they are maintained at a level that will enable the service to continue for a period of approximately eight months following a ce55ation or diminution of current income. The reserves policy also considers the financial commitment arising from the terms of the lease that Headway Swindon and District has entered into in respect of its premises. Reserves also need to be built so that if we cannot stay and refurbish our current premises at lease end in 2030 the charity will have sufficient reserves to fund another move and refurbishment project. £80,000 has been set aside so far towards refurbishment, repairs and/or dilapidations costs. Reserves in 2024 meet the reserves policy of 8 months operational cost. Page 4
HEADWAY SWINDON AND DISTRICT (REGISTERED NUMBER: 02665296) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 FUTURE PLANS Our priority for 2025 is to continue to ensure that the voice of people with lived experience is championed and heard. To work on strengthening the services we provide, work together with partners to provide early intervention and prevention strategies for people with ABIttBI injuries. Working alongside voluntary and statutory sectors we aim to improve on the great work provided in 2024. Increase our presence with Great Western Hospital through our Hospital Liaison service, providing support to patients, families and staff at the right time in their recovery. Work collaboratively with Swindon Borough Council, Bath and North East Somerset, Swindon and Wiltshire Integrated Care Board and Swindon VCSE to benefit people within our catchment area. Strengthen our client forum to support Headway Swindon to be a presence in the community and be a voice for people with ABirfBI. Develop our carer/family support services expanding from a drop-in service. En 2025, we remain dedicated to advocating for and empowering individuals with ABIrfBI, ensuring they receive the 5UPPOrt they need at every stage of their journey. By fostering meaningful collaborations, enhancing our services, and amplifying the voices of those with lived experience, we will continue to make a lasting impact in our community. Together, we will build a more inclusive and supportive future for all. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Headway Swindon is a company limited by guarantee (number 2665296), incorporated in November 1991, and registered as a charity (number 1021036) in May 1993, The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In event of the company being wound up members are required to contribute an amount not exceeding £1. Recruitment and appointTnent of new trustees Recruitment and appointment of the Management Committee The directors of the company are also charity trustees for the purpose of charity law and under the company'5 Articles are known as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association the members of the Management Committee are elected to serve for a period of three years after which they must be re-elected at the next Annual General Meeting. All members of the Management Committee give their time voluntarily and receive no benefits from the charity. The trustees undertake a skills audit to ensure that collectively they have sufficient expertise and experience to ensure the charity is managed effectively. Trustees are familiar with the practical work of the charity having been encouraged to spend time in the centre interacting with clients and staff. Trustees are encouraged to attend courses offered by organisations such as Voluntary Action Swindon and Wiltshire Community Foundation, and to read the Charity Commission's guide The Essential Trustee Page 5 Organisational structure Headway Swindon is affiliated to Headway the brain injury association, a registered charity (number 1025852). Headway Swindon has a Management Committee of 4 members who meet every 3 month5 and are responsible for the strategic direction and financial oversight of the charity. A finance sub-committee of trustees plus the Chief Executive Officer meet as and when appropriate (a minimum of twice a year). A scheme of delegation is in place and day to day responsibility for the provision of the services rests with the Chief Executive Officer together with the Operations Manager. The Chlef Executive Officer is responsible for ensuring that charity delivers the services specified, key performance indicator5 are met and requirements of funders are fulfilled, They manage the staff team and ensure adequate training and development opportunities are provided. The Operations Manager sUPPOrts the day to day operation of the centre and look at the introduction of new grant funded projects and services. Page 5
HEADWAY SWINDON AND DISTRICT (REGISTERED NUMBER: 02665296) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Related parties Headway Swindon and District has no related parties transactions. Risk management The Management Committee, together with the Chief Executive, have established a risk register for the charity that is reviewed at least annually. Where possible systems or procedures have been established to mitigate these risks. Procedures are in place to ensure compliance with Health and Safety of staff, volunteers, clients and visitors to the centre. Adherence to the Headway UK Governance and Service standards, audited annual ly, ensures that we consistently deliver a qual ity servlce. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02665296 (England and Wales) Registered Charity number 1021036 Registered office Ground Floor, Avocet House The Dorcan Complex, Faraday Road Dorcan SWINDON Wiltshire SN3 5HQ Trustees The trustee5 serving during the year and since the year end were as follows: Mr I J M Reynolds Mr S Brazington Mr D Green Mr N Sharland MrAJCook Company Secretary Mr D Green Independent Examiner Morris Owen Chartered Accountants 43-45 Devizes Road SWINDON Wiltshire SNI 4BG Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Page 6
HEADWAY SWINDON AND DISTRICT (REGISTERED NUMBER: 02665296) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 This report has been prepared in accordance with the special provisions of Part 15 of the Cornpanies Act 2006 relating to small companies. Approved by order of the board of trustees on 5 June 2025 and signed on its behalf by., Dts¢uSlgned by.. 24FOD357e02A431... Mr S Brazington Trustee Page 7
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HEADWAY SWINDON AND DISTRICT Independent examiner's report to the trustees of Headway Swindon and District ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024. Responsibilitles and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). 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 charity'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 145(5) (b) of the 2011 Act. Independent examiner's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because l am a member of the Association of Chartered Certified Accountants, 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.. 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 wlth 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 Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to whlch attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr I Sumbler FCCA Morris Owen Chartered Accountants 43-45 Devize5 Road SWINDON Wiltshire SNI 4BG Date: Page 8
HEADWAY SWINDON AND DISTRICT STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Total funds 2023 Total funds Unrestricted Restricted funds funds Notes INCOME AND ENDOWMENTS FROM Donations a nd legacies 51,625 51,625 21,139 Charitable actlvities Charitable Community 329,048 4,000 333,048 304,790 Fund raising activities Investment income 2,928 6,108 2,928 6,108 3,054 4,504 Total 389,709 4,000 393,709 333,487 EXPENDITURE ON Charitable activities Charitable Community 352,567 6,476 359,043 359,955 NET INCOME/(EXPENDITURE) 37,142 (2,476) 34,666 (26,468) RECONCILIATION OF FUNDS Total funds brought forward 342,652 9,568 352,220 378,688 TOTAL FUNDS CARRIED FORWARD 379,794 7,092 386,886 352,220 The notes form part of these financial statements Page 9
HEADWAY SWINDON AND DISTRICT (REGISTERED NUMBER: 02665296) STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2024 2024 Total funds 2023 Total funds Unrestricted Restricted funds funds Notes FIXED ASSETS Intangible assets Tangible assets li 12 741 86,635 891 5,821 1,632 92,456 4,061 106,917 87,376 6,712 94,088 110,978 CURRENT ASSETS Debtors Cash at bank and in hand 13 71,330 309,183 71,330 309,563 71,683 260,225 380 380,513 380 380,893 331,908 CREDITORS Amounts falling due within one year 14 (8,095) (8,095) (10,666) NET CURRENT ASSETS 372,418 380 372,798 321,242 TOTAL ASSETS LESS CURRENT LIABILITIES 459,794 7,092 466,886 432,220 PROVISIONS FOR LIABILITIES 16 (80,000) (80,000) (80,000) N ET ASSETS 379,794 7,092 386,886 352,220 FUNDS Unrestricted funds Restricted funds 17 379,794 7,092 342,652 9,568 TOTAL FUNDS 386,886 352,220 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. (b) The notes form part of these financial statements Page 10 continued...
HEADWAY SWINDON AND DISTRICT (REGISTERED NUMBER: 02665296) STATEMENT OF FINANCIAL POSITION . continued 31 DECEMBER 2024 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statement5 were approved by the Board of Trustees and authorised for issue on 5 June 2025 and were Signed on its behalf by: Docuslgned by.. 34F00357602A431... Mr S Brazington Trustee The notes form part of these financial statements Page 11
HEADWAY SWINDON AND DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 CHARITY INFORMATION The charity is incorporated, limited by guarantee and registered at the Charity Commission for England & Wale5. The registered office is Avocet House, The Dorcan Complex, Faraday Road, Swindon, SN3 5HQ. These financial statements are presented in Brltlsh Pound5 (GBP), which is the charity's functional and presentational currency. ACCOUNTING POLICIES Basls of preparing the financlal statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Financial reporting standard 102 - reduced disclosure exemptions The charitable company ha5 taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,: the requirements of Section 7 Statement of Cash Flows. Income All income is recognised in the Statement of Financial Activities once the charity ha5 entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure 15 accounted for on an accrua15 basis and has been classified under headings that aggregate all Cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Improvements to property Fixtures and fittings Computer equipment Over the term of the lease 150/0 on reducing balance 250/0 on cost Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for paitlculai- i-esti'icted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Page 12 continued..,
HEADWAY SWINDON AND DISTRICT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES - continued Fund accounting Further explanation of the nature and purpose of each fund is included in the notes to the financlal statements. Pension costs and other post-retlrement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. FUNDRAISING ACTIVITIES 2024 2023 Fundraising events 2,928 3,054 INVESTMENT INCOME 2024 2023 Deposit account interest 6,108 4,504 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Activity Charitable Community Charitable Community Charitable Community Charitable Community Client funding Daily client contributions Contract payment Grants 294,362 2,486 32,200 4,000 260,828 2,101 32,200 9,661 333,048 304,790 Grants received, included in the above, are as follows.. 2024 2023 Local authority services Voluntary sector grants 9,661 4,000 4,000 9,661 NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting)'. 2024 2023 Depreciation - owned a55etS Deficit on disposal of fixed assets Cornputer software amortis3tion 15,783 96 2,429 17,770 193 2,429 Page 13 continued...
HEADWAY SWINDON AND DISTRICT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31st December 2024 nor for the year ended 31st December 2023. STAFF COSTS The average monthly number of employees during the year was as follows.. 2024 12 2023 12 Charitable activities No employees received emoluments in exce55 of £60,000. No employees received a salary in excess of £60,000. INDEPENDENT EXAMINERS FEES 2024 2023 Statutory accounts production & external scrutiny 2,808 2,304 2,808 2,304 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund5 Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 21,139 21,139 Charitable activities Charitable Community 300,904 3,885 304,789 Fundraising activities Investment income 3,055 4,504 3,055 4,504 Total 329,602 3,885 333,487 EXPENDITURE ON Charitable activities Charitable Community 352,773 7,182 359,955 NET INCOME/(EXPENDITURE) (23,171) (3,297) (26,468) RECONCILIATION OF FUND5 Total funds brought forward 365,822 12,866 378,688 TOTAL FUNDS CARRIED FORWARD 342,651 9,569 352,220 Page 14 continued..,
HEADWAY SWINDON AND DISTRICT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 11. INTANGIBLE FIXED ASSETS Computer software COST At l January 2024 and 31 December 2024 12,144 AMORTISATION At l January 2024 Charge for year 8,083 2,429 At 31 December 2024 10,512 NET BOOK VALUE At 31 December 2024 1,632 At 31 December 2023 4,061 12. TANGIBLE FIXED ASSETS Improvements to property Fixtures and fittings Computer equipment Totals COST At l January 2024 Additions Disp05als 169,881 27,995 20,599 1,418 218,475 1,418 (238) {238) At 31 December 2024 169,881 27,757 22,017 219,655 DEPRECIATION At l January 2024 Charge for year Eliminated on disposal 78,500 13,250 14,374 2,025 (142) 18,684 508 111,558 15,783 (142) At 31 December 2024 91,750 16,257 19,192 127,199 NET BOOK VALUE At 31 December 2024 78,131 11,500 2,825 92,456 At 31 December 2023 91,381 13,621 1,915 106,917 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debtors Prepayments and accrued income 18,610 52,720 43,633 28,050 71,330 71,683 Page 15 continued...
HEADWAY SWINDON AND DISTRICT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Social security and other taxes Other creditors Accruals and deferred income 309 3,575 1,403 2,808 3,834 3,374 1,273 2,185 8,095 10,666 15. LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows.. 2024 2023 Within one year Between one and five years In more than five years 31,660 126,640 29,019 31,660 126,640 60,679 187,319 218,979 16. PROVISIONS FOR LIABILITIES Dilapidations No further provision of has been made in the year, leaving the total provision as at 31 December 2024 a5 £60,000. This is to reflect the need for a dilapidations provision on the premises at Faraday Road Dorcan to be built up over 10 years. Redecoration No further provision of has been made in the year, leaving the total provision as at 31 December 2024 as £12,000. This is to reflect the need to carry out decoration and replacement floor covering throughout the facility before the end of the lease term. This is in addition to any dilapidation costs that might a150 be incu rred, and this is being built up over the same time frame. Roof Repairs It is anticipated that there will be a pro rata Share of roof repairs likely to be required before the end of the lease term. A provision of £8,000 was made in 2017 in full to reflect the potential liability arising. Page 16 continued...
HEADWAY SWINDON AND DISTRICT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 17. MOVEMENT IN FUNDS Net movement in funds At 31.12.24 At 1.1.24 Unrestricted funds General fund 342,652 37,142 379,794 Restricted funds Wiltshire Community Foundation Co-op Community Grant 2017 National Lottery Cook Book 2019 National Lottery Community Fund WCF Salesforce Fund Scottish Power Foundation 2022 Mental Health TE Global - Education Workshops Alex Ferry Foundation 808 661 113 959 2,305 (153) (99) (113) (314) (1,521) 655 562 645 784 3,724 998 (558) (618) 900 3,166 380 900 9,568 (2,476) 7,092 TOTAL FUNDS 352,220 34,666 386,886 Net movement in funds, included in the above are as follows., Incoming resource5 Resources expended Movement in funds Unrestricted funds General fund 389,709 (352,567) 37,142 Restricted funds Wiltshire Community Foundation Co-op Community Grant 2017 National Lottery Cook Book 2019 National Lottery Community Fund WCF Salesforce Fund Scottish Power Foundation 2022 Mental Health TE Global - Education Workshops Alex Ferry Foundation (153) (99) (113) (314) (1,521) (153) (99) (113) (314) (1,521) (558) (618) (3,100) (558) (618) 900 4,000 4,000 (6,476) (2,476) TOTAL FUNDS 393,709 (359,043) 34,666 Page 17 continued...
HEADWAY SWINDON AND DISTRICT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 17. MOVEMENT IN FUNDS- continued Comparatives for rnovement In funds Net movement in funds At 31.12.23 At 1.1.23 Unrestricted funds General fund 365,822 (23,170) 342,652 Restricted funds Big Lottery Fund Wiltshire Community Foundation Co-op Community Grant 2017 National Lottery Cook Book 2019 National Lottery Community Fund WCF Salesforce Fund Scottish Power Foundation 2022 Mental Health TE Global - Education Workshops 85 2,081 778 174 1,541 3,826 (85) (1,273) (117) (61) (582) (1,521) 808 661 113 959 2,305 4,381 (657) 998 3,724 998 12,866 (3,298) 9,568 TOTAL FUNDS 378,688 (26,468) 352,220 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 329,602 (352,772) (23,170) Restricted funds Big Lottery Fund Wiltshire Community Foundation Co-op Community Grant 2017 National Lottery Cook Book 2019 National Lottery Community Fund WCF Sale5force Fund Scottish Power Foundation 2022 - Mental Health TE Global - Education Workshops (85) (1,273) (117) (61) (582) (3,021) (85) (1,273) {117) (61) (582) (1,521) 1,500 (657) (1,388) (657) 998 2,386 3,886 (7,184) (3,298) TOTAL FUNDS 333,488 (359,956) (26,468) Page 18 continued...
HEADWAY SWINDON AND DISTRICT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 17. MOVEMENT IN FUNDS- continued A current year 12 month5 and prior year 12 months combined position is as follows.. Net movement in funds At 31.12.24 At 1.1.23 Unrestricted funds General fund 365,822 13,972 379,794 Restricted funds Big Lottery Fund Wiltshire Community Foundation Co-op Community Grant 2017 National Lottery Cook Book 2019 National Lottery Community Fund WCF Salesforce Fund Scottish Power Foundation 2022 Mental Health TE Global Education Workshops Alex Ferry Foundation 85 2,081 778 174 1,541 3,826 (85) (1,426) (216) (174) {896) (3,042) 655 562 645 784 4,381 (1,215) 380 900 3,166 380 900 12,866 (5,774) 7,092 TOTAL FUNDS 378,688 8,198 386,886 A current year 12 month5 and prior year 12 months combined net movement in funds, included in the above are as follow5: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 719,311 (705,339) 13,972 Restricted funds Big Lottery Fund Wiltshire Community Foundation Co-op Community Grant 2017 National Lottery Cook Book 2019 National Lottery Community Fund WCF Salesforce Fund Scottish Power Foundation 2022 Mental Health TE Global - Education Workshops Alex Ferry Foundation (85) (1,426) (216) (174) (896) (4,542) {1,215) (2,006) (3,100) (85) (1,426) (216) (174) (896) (3,042) 1,500 2,386 4,000 (1,215) 380 900 7,886 (13,659) (5,774) TOTAL FUNDS 727,197 (718,999) 8,198 Page 19 continued...
HEADWAY SWINDON AND DISTRICT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 17. MOVEMENT IN FUNDS- continued Fund name Big Lottery Fund Purpose and restrlction To provide therapeutic activities. This figure represents remai ning IT asset value. To provide an occupational therapist service and related equipment for the centre. The reported figure represents remaining asset value To provide chairs for clients to use in the main centre. The reported figure represents remaining asset value. To design and produce a cook book that is specifically tailored for brain injury survivor5. This i ncludes investment in a laptop. To invest in further development of a CRM database to reflect changes to the service as a result of the pandemic Wiltshire Community Foundation Co-op Communlty Grant National Lottery Cook Book 2019 WCF Salesforce Scottish Power Foundation 2022 Mental Health Vaccines Funding Workforce Retention and Recruitment TE Global - Education workshops Alex Ferry Foundation To provide a mindfulness room and mindfulness sessions for clients Reimbursing staff for costs associated with getting vaccine Training of staff in the centre To provide staff training and procurement of programmes and applications to deliver education workshops. To provide staff training and outreach work in the local community 18. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2024 or for the year ended 31 March 2023. 19. COMPANY LIMITED BY GUARANTEE The company is limited by the guarantee of the members. The liability of the members is limited to £1 upon the winding up of the company. Page 20