2020-12-31-accounts - Headway - The Brain Injury Association

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Andrew Green MBE (Chair)
Evelyn Vincent (Deputy Chair)
Dr Colin Reeves CBE(Treasurer)
Allistair Renton (Company Secretary)
Jane Allberry CBE
Dr June Gilchrist
Jane Hales

						Rev Abraham Lawrence	Rev Abraham Lawrence
						Brendan McKeever
						Dr Colin Shieff
						Dr Andy Tyerman
Co-opted	Trustee					Denzil Lush
Key management		personnel				Chief Executive: Peter McCabe
						Deputy Chief Executive:		Luke	Griggs
						Director of Finance	and Administration:			Ruth Ormston
						Director ofCommunications:			Catherine	Maddy (to October 2020)
						Director of Fundraising: Jo Plant (to June 2020)
						Director ofServices: Dawn Wright (to				March 2020)
Principal	and registered			office		Bradbury House
						190Bagnall Road
						Old Basford
						Nottingham
						NG6 8SF
Auditors						Saffery Champness	LLP
						Westpoint
						Peterborough Business Park
						Lynch Wood,
						Peterborough
						PE2 6FZ
Bankers						Lloyds Bank Pic
						12-16Lower Parliament		Street
						Notting ham
						NG1 3DA
Registered	in England		company			number: 2346893
Charity Commission		number:			1025852
Office ofthe Scottish			Charity		Regulator number: SC039992

		Dr Colin Reeves CBE(Treasurer)	Dr Colin Reeves CBE(Treasurer)
		Allistair Renton (Company	Secretary)
		Evelyn Vincent (Deputy Chair)
		Denzil Lush (from March	2020)
Audit Committee		Allistair Renton (Chair)
		Jane Allberry CBE
		Jane Hales
		Rev Abraham Lawrence
		Brendan McKeever
		Dr Colin Reeves CBE
Membership	Committee	Evelyn Vincent (Chair)
		Andrew Harding
		Denzil Lush
		Brendan McKeever
		Allistair Renton
Remuneration	Committee	Andrew Green MBE (Chair)
		Dr Colin Reeves CBE(Treasurer)
		Allistair Renton (Company	Secretary)

					Group		Charity
					2020		2020	2019
				Note
Fixed assets
Tangible assets				10	1,268,?38	1,326,403	6'l1,101	634,226
Investments				1'i	265,598	283,926	949,249	S67,926
					1,534,336	1,610,329	'I,SS0.350	'I 602.'l52
Current assets
Stock				12	85,406	86,417	85,406	86,417
Debtors				13	1,203,478	992,413	1,177,464	998,5?3
Cash at bank	and	in	hand		1,845,943	1,764,713	1,&45,943	1,757,731
					3,134,827	2,843,543	3,108,813	2,842,721
Creditors: amounts			falling
due within one year
Net current assets					2,435,525	2,137,061	2,40S,511	2,136.23&
Pension provision falling due after ons year						(13,428)		(13,428)
Net assets					3969862	3733962	3,969,862	3,724,982
Funds
Unrestricted	funds
Other designated		funds		17	1,837,625	1,83?,625	1,837,625	1,828,625
General funds				17	1,393,036	1,194,013	1,393,036	1,194,013
Restricted funds
Branches				16	507,950	527,642	507,950	527,642
Other				16	231,251	174,682	231,25'l	174,6&2
Total funds					396S,862	3,733,962	3.96S,862	3724 S62

						Group		Group
						2020		2019
						Note
Net cash provided	by operating
activities						59,290		(301,148)
Cashflows from investing activities
Investing activities
Dividends and interest						62,693	38,983
Purchase oftangible	fixed assets					(40,753)	(132,986)
Receipts from sale offixed assets							2,583
						21,940		(91,420)
Movement in cash	and	cash
equivalents						81,229		392,568
Notes to the cashflow statement
(i) Reconciliation	of	net income/expenditure				to net cash inflow from operating activities
						Group		Group
						2020		2019
								f
Net income /(expenditure)		for the		reporting	period	235,900		58,228
(as per the statement of		financial		activities)
Adjustments for:
Legacy oftangible fixed		assets
Dividends and interest earned on				investments		(62,693)		(38,983)
Gain on investment	value					18,326		(27,006)
Depreciation oftangible		fixed assets				98,418		55,703
Surplus on disposal	offixed assets							(2,583)
(Increase)/decrease	in stock					1,011		14,609
Decrease/(increase)	in debtors					(211,064)		23,733
Increase/(decrease) Increase/(decrease)	in creditors in pension		provision			(7,180) ~13,428		(373,863) 10,986
						59,290		301,148
(ii) Analysis ofcash		and cash		equivalents
						Group	Movement	Group
						2020		2019
								f
Cash at bank						964,121	213,955	750,166
Short-term deposits						881,822	~132,726	1,014,548
Net cash funds at 31 December				2020		1,845,943	81,229	1,764,714

e	preciation has been a	pplied at the following rate	s:
-	Freehold property		2%
-	Building improvements		between 5%and 15%
-	Office equipment and	furniture	20%
-	Computer equipment	and software	33%
-	Motor vehicles		20%
-	Shop operating costs		33%

, company's profit and loss account. T	, company's profit and loss account. T	he agency fee equals the expenses incurred in	selling ofgoods, as shown below.	selling ofgoods, as shown below.
Profit and loss account 2020			Headway
			Retail	Ltd
			f
Turnover (agency fee/trading	income)			17,619
Less cost ofsales
Gross profit				17,619
Administration expenses (shop operating		costs)		17,305
Net profit for the year Gift aid payment				314 314
Retained profit for the year
The comparative Profit and	loss account	for 2019is as follows
Profit and loss account 2019			Headway
			Retail	Ltd
			f.
Turnover (agency fee/trading	income)			36,959
Less cost ofsales
Gross profit				36,959
Administration expenses (shop operating		costs)		18,548
Net profit for the year Gift aid payment				18,411 18,411
Retained profit for the year

Profit and loss account 2020	Profit and loss account 2020	190Bagnall	Road
		Properties	Ltd
Turnover
Less cost ofsales
Gross profit
Administration expenses			5,680
Loss on ordinary activities before taxation			(5,680)
Tax on loss on ordinary	activities
Retained profit for the year			5,680
The comparative profit and loss account for 2019is as follows
Profit and loss account 2019		190Bagnall	Road
		Properties	Ltd
		F
Turnover
Less cost ofsales
Gross profit
Administration expenses			5,680
Loss on ordinary activities before taxation		(5,680)
Tax on loss on ordinary	activities
Retained profit for the year			5,680

					Management
					support and
			Staff costs	Other costs	governance	Total	Total
						2020	2019
Costs ofgenerating		funds
Fundraising	costs		246,992	42,511	108,014	397,517	481,064
Retail activities			945,723	784,780	81,012	1,811,515	1,919,515
Events and	conferences						94,876
			1,192,715	827,291	189,026	2,209,032	2,495,455
Charitable	expenditure
Services provided			684,318	416,767	603,082	1,704,167	1,909,421
Grants distributed			21,197	33,787		54,984	76,087
Publications	and awareness		182,258	39,988	108,015	330,261	536,180
			2,080,487	1,317,833	900,123	4,298,442	5,017,143

Analysis oftota	l re	sources expended (Continued)
			Total	Total
			2020	2019
Support costs
Staff costs			515,441	467,044
Volunteer costs			35	232
Office costs			241,259	267,982
Computer support			53,467	65,686
Depreciation			30,478	27,389
Communication	costs		18,930
Legal 8 professional		fees	11,190	51,628
Subtotal support	costs		870,800	879,961

Governance costs
Audit fees						28,014			32,178
Trustees expenses							1,310		2,260
Subtotal governance	costs					29,324			34,438
Total management support						900,124		914,399
Net income for the	year
This is stated after charging:
Depreciation						98,418			87,277
Auditor remuneration
-Audit fee						28,000			20,650
- Trustees indemnity	insurance	cover				4,480			4,480
Operating leases - Land and buildings						521,536		461,100
Grants &donation for restricted purposes
							Total	Total
							2020	2019
							f.	f
Scottish Government							80,250	76,500
Welsh Assembly Government							16,302	55,751
Health and Social Care Board,		Belfast					202,461	91,386
Covid Resilience DCMS							50,000
(a) Charitable trusts and other grant making			bodies				58,068	128,882
							407,081	352,519
(a) Includes generous	grants from the following:
Stewarts Law					40,000
					40,000
Staff costs
						Total		Total
						2020		2019
Staff remuneration:
Salaries and wages						2,305,083		2,637,018
Social security costs							172,325	208,737
Pension costs							77,995	81,365
						2,555,403		2,927,120
The average number	ofemployees, analysed			by function was:
						2020		2019
Administration						11		12
Communications						5		17
Fundraising Services						96 33		101 28
						145		158

0. Tangible fixed assets
	Office &	Computer
	shop	equipment	Motor	Land 8	Investment	Group
	equipment	&software	vehicles	building f	Properties	total
Cost - Group
Balance at 1 January 2019	512,180	137,379	82,212	827,891	504,000	2,063,662
Additions		40,753				40,753
Disposals/write-offs
Balance at 31 December 2019	512,180	178,132	82,212	827,891	504,000	2,104,415
Accumulated depreciation
Balance at 1 January 2019	427,959	116,199	33,105	159,996		737,259
Charge for the year	49,791	16,178	23,319	9,130		98,418
Disposals/write-offs
Balance at 31 December 2019	477,750	132,377	56,424	169,126		835,677
NBV at 31December 2020	34,430	45,755	25,788	658,765	504,000	1,268,738
NBV at 31December 2019	84,221	21,180	49,107	667,895	504,000	1,326,403

The cost of land not depreciated	The cost of land not depreciated	included	in land and	buildings is f400,000 (2019:F400,000).Amounts	buildings is f400,000 (2019:F400,000).Amounts	buildings is f400,000 (2019:F400,000).Amounts	buildings is f400,000 (2019:F400,000).Amounts	attributed	to land and
buildings relate to the property	owned	by	the charity's	subsidiary undertaking, 190Bagnall Road Properties				Limited.
			Office &	Computer
			shop	equipment	Motor	Land &	Investment		Charity
		equipment		&software	vehicles f.	building f	Properties		total
Cost - Charity
Balance at 1 January 2020			448,964	137,379	82,212	143,891	504,000		1,316,446
Additions				40,753					40,753
Disposals / write-offs
Balance at 31 December 2020			448,964	178,132	82,212	143,891	504,000		1,357,199
Accumulated depreciation
Balance at 1 January 2020			428,033	116,199	33,105	104,883			682,220
Charge for the year			20,931	16,178	23,319	3,450			63,878
Disposals/write-offs
Balance at 31 December 2020			448,964	132,377	56,424	108,333			746,098
NBV at 31 December 2020				45,755	25,788	35,558	504,000		611,101
NBV at 31 December 2019			20,931	21,180	49,107	39,008	504,000		634,226

xed asset in Group	vestments
		UK Equities
		f.
Balance at 1	January 2020	283,926
Gain/(losses)	during year	(18,678)
Cash on deposit		350
Market value	at 31 December 2020	265,598

investments	relate to holdings	Funds for Charities and Santander	Funds for Charities and Santander	UK PLC	preference shares
			Subsidiary
Charity		UK Equities	undertaking		Total
				F.
Balance at	1 January 2020	283,926		684,000	967,926
Gain/(losses ) during year Cash on deposit		(18,678) 350			(18,678) 350
Market value at 31 December 2020		265,598		684,000	949,598

2. Stock
	Group		Charity
	2020	2019	2020	2019
			R	R
Goods held for resale	13,612	11,417	13,612	11,417
Donated goods held	71,794	75,000	71,794	75,000
	85,406	86,417	85,406	86,417

ebtors
			Group		Charity
			2020	2019	2020	2019
					f.
Trade debtors			542,705	364,745	516,691	364,745
Other debtors			99,322	135,981	99,322	135,981
Prepayments			97,630	104,015	97,630	104,015
Amounts Due from	owed by subsidiary group companies	undertaking				6,160
Taxation	recoverable		45,589	59,094	45,589	59,094
Legacies	receivable		353,064		353,064
Accrued	income		65,168	328,578	65,168	328,578
			1,203,478	992,413	1,177,464	998,573


14.	Creditors: amounts	falling due within one year
				Group		Charity
				2020	2019	2020		2019
					f.
	Trade creditors			168,667	298,742	168,6	67	298,742
	Taxation and social	security		42,609	52,849	42,6	09	52,849
	Other creditors				50,626			50,626
	Deferred income			419,384		419,384
	Accruals			20,891	20,650	20,891		20,650
	Taxation payable
	Pension Trust provision		within one year	47,751	3,159	47,751		3,159
	Solicitors List 2020				280,457			280,457
				699,302	706,483	699,302		706,483
15.	Creditors: amounts	falling due after one year
				Group			Charity
				2020	2019	2020f		2019
	Pension Trust provision		within one year		13,428			13,428
					13,428			13,428

preliminary schedule of Headwa	y's debt on withdra	wal an
	2020
Debt on withdrawal		42,239
Actuarial fee		5,300
Admin fee		212
		47,751

				Unrestricted	Restricted	Branch	Total
							2019
				funds	funds	funds	Restated
Income
Donations and Legacies
- Donations				1,019,647	44,303	85,974	1,149,924
- Grants				53,422	285,359	28,539	367,320
-Legacies				119,071			119,071
Charitable activities:
-Training				50,251			50,251
-Services to groups and branches				153,965	22,857		176,822
- Publications and awareness				302,206		65,126	367,332
Other trading activities:
-Sale ofdonated goods				2,517,308			2,517,308
-Sale ofother merchandise				12,492			12,492
- Events and conferences				233,640			233,640
Investment income				36,764		2,219	38,983
Rental income				12639			12,639
Other incoming resources:
- Disposal ofproperty				2,583			2,583
Total income				4,513,988	352,519	181,858	5,048,365
Expenditure
Raising funds:
Fundraising				481,064			481,064
Retail activities				1,919,515			1,919,515
Events and conferences				94,876			94,876
Charitable activities:
-Services provided				1,465,338	261,367	182,716	1,909,421
- Grants distributed				23,347	42,199	10,541	76,087
- Publications and awareness				536,180			536,180
Total expenditure				4 520,321	303,566	193,257	5,017,143
Net gains/(losses) on investments				27,006			27,006
Net income I(expenditure)		before recognised	gains
				20,674	48,953	(11,399)	58,228
Transfers between funds				146,917	146,917
Net income/(expenditure)		after other gains l(losses)		167,591	97,964	11,399	58,228
Fund balances brought	forward
at 1 January 2019				2,864,047	272,646	539,041	3,675,734
Fund balances at 31 December 2020				3,031,638	174,682	527,641	3,733,961

4.Comparative An	alysis oftotal resour	ces expended (note 7)
				Management
				support and
		Staff costs	Other costs	governance	Total
					2019
					f
Costs ofgenerating	funds
Fundraising costs Retail activities		318,888 1,038,702	41,646 819,268	120,530 61,545	481,064 1,919,515
Events and conferences			94,876		94,876
		1,357,590	955,790	182,075	2,495,455
Charitable expenditure
Services provided		898,613	540,577	470,231	1,909,421
Grants distributed		23,347	52,740		76,087
Publications and awareness		204,862	69,225	262,093	536,180
		2,484,411	1,618,331	914,399	5,017,143
		Total
		2019
Support costs
Staff costs		467,044
Volunteer costs		232
Office costs		267,982
Computer support		65,686
Depreciation		27,389
Communication costs
Legal 8 professional	fees	51,628
Subtotal support costs		879,961
Governance costs
Audit fees		32,178
Trustees' expenses		2260
Subtotal governance	costs	34,438
Total management	support	914,399

Income			2018	2019	2020
Solicitors' Directory	2019		(283,226)	283,226
Solicitors' Directory	2020			280,456	280,456
			283,226	2770	280,456
These adjustments	have been	made to prior	year figures as follows:
			2019	Adjustment	2019restated
2018reserves balance brought		forward	3,958,960	(283,226)	3,675,734
2019income			5,045,595	2,770	5,048,365
2019reserves balance brought		forward	4,014,418	(280,456)	3,733,962