2021-12-31-accounts - Headway - The Brain Injury Association

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Trustees who have	served	during	the relevant period:	the relevant period:	the relevant period:
Elected Trustees			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
			Andrew Harding
			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 ofFinance and Administration:			Ruth Ormston
			Director ofServices: Anna		James (from	December 2021)
Principal and registered		office	Bradbury House
			190Bagnall Road
			Old Basford
			Nottingh am NG6 8SF
Auditors			Saffery Champness LLP
			Westpo int
			Peterborough Business Park
			Lynch Wood,
			Peterborough
			PE2 6FZ
Bankers			Lloyds Bank Pic
			12-16Lower Parliament	Street
			Nottingham
			NG1 3DA

Trustees who have served on	Trustees who have served on	other committees during the year are as	other committees during the year are as
Executive Committee		Andrew Green MBE (Chair)
		Dr Colin Reeves CBE(Treasurer)
		Allistair Renton (Company	Secretary)
		Evelyn Vincent (Deputy Chair)
		Denzil Lush
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)

					Unrestricted	Restricted	Branch	Total	Total
					funds	funds	funds	2021	2020
				Note	6	6	6	6	6
Income from:
Donations and Legacies
- Donations					540,716	6,258	74,878	621,852	690,080
-Grants					84,040	311,608	13,189	408,835	634,748
- Legacies					190,303			190,303	406,635
Covid-19 grants
- Retail Grant Scheme					364,515			364,515	459,632
—Coronavirus Job Retentions			Scheme		244,515			244,515	479,982
- Kickstart scheme					179,055			179,055
Charitable activities:
-Training					28,928			28,928	11,711
—Services to groups &	branches				200,243			200,243	202,344
-Publications and awareness					325,348			325,348	308,150
Other trading activities:
-Sale ofdonated goods					2,174,710			2,174,710	1,245,538
-Sale ofother merchandise		8	publications		14,809			14,809	16,878
- Events and conferences					134,491		5,601	140,092	14,632
Investment income					17,307		1,317	18,624	62,593
Rental income					18,715			18,715	20,017
Other incoming resources:
- Disposal of property
Total income					4,517,895	317,864	94,985	4,930544	4,553,020
Expenditure on:
Raising funds:
Fundraising					204,399			204,399	397,517
Retail activities					1,972,327			1,972,327	1,811,515
Events and conferences
Charitable activities:
-Services provided					1,095,063	241,027	84,222	1,420,312	1,704,167
-Grants distributed					34,823	27,389	6,102	68,314	54,984
-Publications & awareness					229,473			229,473	330,261
Total expenditure				7	3,536,085	268,416	90,324	3,894,826	4,298,444
Net gains/(losses) on investments					17,797			17,797	(18,675)
Net income/(expenditure)		before
transfers between funds					999,406	49,448	4,661	1,053,515	235,900
Transfers between funds						5,915	(5,915)
Net incomei(expenditure)		after other
gains/(losses)					999,406	55,362	~1,255	1,053,515	235,900
Fund balances brought	forward
at 1 January 2021					3,230,661	231,251	507,950	3,969,862	3,733,962
Fund balances at 31 December 2021					4,230,067	286,613	506,335	5,023,376	3,969,862

						Group		Charity
						2021	2020	2021	2020
					Note
Fixed assets
Tangible assets					10	1,239,716	1,268,738	608,831	611,101
Investments					11	283,187	265,598	914,072	949,249
						1,522,903	1,534,336	1,522,903	1,560,350
Current assets
Stock					12	129,673	85,406	129,673	85,406
Debtors					13	884,283	1,203,478	884,283	1,177,464
Cash at bank		and	in	hand		3,567,367	1,845,943	3,567,367	1,845,943
						4,581,323	3,134,827	4,581,323	3,108,813
Creditors: amounts				falling
due within	one year				14	(868,350)	(699,302)	(868~350	(699,302)
Net current	assets					3,712,973	2,435,525	3,712,973	2,409,511
CBILS loan	falling				15	(212,500)		(212,500)
due after one		year
Net assets						5,023,376	3,969,862	5,023,376	3,969,862
Funds
Unrestricted		funds
Other designated			funds		17	1,837,625	1,837,625	1,837,625	1,837,625
General funds					17	2,392,443	1,393,036	2,392443	1,393,036
Restricted	funds
Branches					16	506,695	507,950	506,695	507,950
Other					16	286,613	231,251	286,613	231,251
Total funds						5,023,376	3,969,862	5,023,376	3,969,862

							Group	Group	Group
								2021	2020
						Note		8
Net cash provided	by operating			activities			1,500,836		59,290
Caehfiowa from investing activities
Investing activities
Dividends and interest							18,624		62,693
Movement in cash held		on deposit					208
Purchase oftangible	fixed assets						(48,244)	(40,753)
								(29,412)	21,940
Financing activities
Receipt ofCSILS loan							250,000
								250,000
Movement in cash	and	cash
equivalents							1,721,424		81,229
Notes to the cashflow statement
(i) Reconciliation	of	net income/expenditure				to net cash inflow	from operating activities
							Group		Group
							2020		2020
							8		6
Net income /(expenditure)		for the		reporting	pediod		1,053,514		235,900
(as per the statement	of	financial		activities)
Adjustments for:
Dividends and interest earned on				investments			(18,624)		(62,693)
Gain on investment	value						(17,797)		18,326
Loss on revaluation	of investment			properties			24,000
Depreciation oftangible		fixed assets					53,266		98,418
Surplus on disposal	offixed assets
(Increase)/decrease	in stock						(44,267)		1,011
Decrease/(increase)	in debtors						319,196		(211,064)
Increase/(decrease) Increase/(decrease)	in creditors in pension		provision				131,549		(7,180) ~1~3,428'
							1,500,836		59,290
(ii) Analysis of cash		and cash		equivalents
							Group	llilovement	Group
							2021		2020
									6
Cash at bank							2,685,545	1,721,424	964,121
Short-term deposits							881 822		881,822
Net cash funds at 31 December				2020			3,567,367	1,721,424	1,845,943

-	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	loss account. T	he agency fee equals the expenses incurred	in selling ofgoods, as shown below.	in selling ofgoods, as shown below.
Profit and loss account	2021			Headway
				Retail	Ltd
				f
Turnover (agency fee/trading		income)			20,257
Less cost ofsales
Gross profit Administration expenses Net profit for the year Gift aid payment	(shop operating		costs)	20,257 (19,074l 1,183 ~1. 183!
Retained profit for the year
The comparative Profit and		loss account	for 2020 is as follows
Profit and loss account	2020			Headway
				Retail	Ltd
				f
Turnover (agency fee/trading		income)			17,619
Less cost ofsales
Gross profit Administration expenses	(shop operating		costs)		17,619 (17,305~
Net profit for the year					314
Gift aid payment					(314)
Retained profit for the year

To hold property used by group companies
Profit and loss account 2021	190Bagnall Road
	Properties f	Ltd
Turnover
Less cost ofsales
Gross profit
Administration expenses		(5,680)
Loss on ordinary activities before taxation Tax on loss on ordinary activities Retained profit for the year	(5,680) ~5680
The comparative profit and loss account for 2020 is as follows
Profit and loss account 2020	190Bag nail	Road
	Properties f	Ltd
Turnover
Less cost ofsales
Gross profit
Administration expenses
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
						202'I	2020f
Costs ofgenerating		funds
Fundraising	costs		90,762	29,371	84,266	204,399	397,517
Retail actwities			1,169,057	740,071	63,199	1,972,327	1,811,515
Events and	conferences
			1,259,819	769,442	147,465	2,176,726	2,209,032
Charitable	expenditure
Services provided			603,684	346,144	470,485	1,420,313	1,704,167
Grants distributed			36,714	31,601		68,315	54,984
Pubhcations	and awareness		106,925	38,282	84,266	229,473	330.261
			2,007,142	1,185,469	702,216	3,894,827	4,298,442

Notes to the consol	Notes to the consol	idated	idated	idated	Financial Statemenb	s for the year	ended 31 December	2021
Analysis oftotal resources		expended			(Continued)
							Total	Total
							2021	2020
Support costs
Staff costs							457,752	515,441
Volunteer costs								35
Office costs							89,674	241,259
Computer support							56,043	53,467
Depreciation							55,433	30,478
Communication costs							12,597	18,930
Legal & professional	fees						1,590	11,190
Subtotal support costs							673,089	870,800
Governance costs
Audit fees 2021							21,750	20,750
Fee for preparation	of Corporation			tax	returns		1,250	1,200
Prior year additional	audit costs						5,978	5,900
Other audit costs							150	164
Trustees' expenses								1,310
Subtotal governance	costs						29,128	29,324
Total management	support						702,217	000 2
lect income for the	year
This is stated after charging:
Deprecation							53,266	98,418
Auditor remuneration
-Audit fee							23,000	28,014
- Prior year audit costs							5,978
-Other audit costs							150
-Trustees indemnity	insurance		cover				4,480	4,480
Operating leases -	Land and	buildings					549,840	521,536
Grants & donation	for restricted			purposes
							Total	Total
							2021	2020
Scottish Government							70,000	80,250
Welsh Assembly Government								16,302
Health and Social Care Board, Belfast							144,086	202,461
Covid Resilience DCMS								50,000
Justice pro)act grant							24,500
(a) Chantable trusts and other		grant making bodies					79,278	58,068
							317,864	407,081
(a) Includes generous	grants	from the following:
Stewarts Law						50,000
						50,000

10. Tangible fixed assets (conti
	Office & shop equipment f	Computer equipment &software 8	Motor vehicles 6		Land 8, building	Investment Properties	Charity total 8
Cost - Charity Balance at 1 January 2021 Additions Disposals/write-offs Revaluation of properties Balance at 31 December 2021	448,964 448,964	178,132 48,244 226,376	82,212 (8,685) 73,527		143.891 143,891	504,000 24,000) 480,000	1,357,199 48,244 (8,685) 24,000 1,372,758
Accumulated depreciation Balance at 1 January 2021 Charge for the year Disposals/wnte-offs Balance at 31 December 2021	448,964 448,964	132,377 17,073 149,450	56,424 5,948 (6,685 53,687		108,333 3,493 111,826		746,098 26,514 (8,685 763,927
NBV at 31 December 2021		76,926	19,840		32,065	480.000	608,831
NBV at 31 December 2020		45,755	25,788		35,558	504,000	611,101
11. Fixed asset investments
Group							UK Equities
							8
Balance at 1 January 2021 Gain/(losses) during year Movement in cash held on deposit							265,598 17,797 00 L
Market value at 31 December 2021							283,187
All investments relate to holdings	in the EdenTree Amity	Investment Funds for Charities			and Santander	UK PLC preference shares
					Subsidiary
Charity			UK	Equities undertaking			Total
Balance at 1 January 2021 Gain/(losses ) dunng year Movement in cash held on deposit Market value at 31 December 2021				265,598 17,797 22208 283,187		684,000 949,598 17,797 ~(208 684,000 967,187

					Unrestricted	Restricted	Branch	Total
					funds	funds	funds	2020
					6	6		6
Income
Donations and Legacies
—Donations					636,983	750	52,327	690,060
- Grants					206,506	406,331	21,911	634,748
- Legacies					406,635			406,365
Covid-1 9grants
-Retail Grant Scheme					459,632			459,632
-Coronavirus Job Retention			Scheme		479,982			479,982
Charitable activities
-Training					11,711			11,711
-Services to groups and branches					202,344			202,344
-Publications and awareness					308.150			308,150
Other trading activities:
- Sale ofdonated goods					1,245,538			1,245,538
- Sale ofother merchandise					16,878			16,878
- Events and conferences							14,632	14,632
Investment income					11,714		50,979	62,693
Rental income					20,017			20,017
Other incoming resources:
-Disposal ofproperty
Total income					4,006,090	407,081	139,849	4553020
Expenditure
Raising funds
Fundraising					397,517			397,517
Retail activities					1,811,515			1,811,515
Events and conferences
Charitable activities'
-Services provided					1,227,901	324,465	151,801	1,704,167
- Grants distributed					21,197	26,047	7,740	54,984
- Publications and awareness					330,261			330,261
Total expenditure					3,788,391	350512	159,541	4,298,444
Net gains/(losses) on investments					(18,676)			(18,676)
Net income l(expenditure)			before recognised	gains
					199,023	56,569	(19,692)	235,900
Transfers between funds
Net income/(expenditure)		after other gains l(losses)			199,023	56,569	(19,692)	235,900
Fund balances brought	forward
at 1 January 2020					3,031,638	174,682	527 642	3733962
Fund balances at 31 December 2020					3,230,661	231,251	507,950	3,969,862

4:Comparative Ana	lysis oftotal resour	ces expended (note 7)
				Management
				supportand
		Staff costs	Other costs	governance	Total
					2020
Costs ofgenerating Fundraising costs Retail activities	funds	246,992 945,723	42,511 784,780	108,014 81,012	397,517 1,811,515
Events and conferences
Charitable expenditure Services provided Grants distdibuted Publications and awareness		684,318 21,197 182,258 2,080,487	416,767 33,787 39,988 1,317,833	603,082 108,015 900,123	1,704,167 54,984 330,261 4,298,442
		Total
		2020
Support costs Staff costs		515,441
Volunteer costs		35
Office costs		241,259
Computer support Depreciation Communication costs		53,647 30,478 18,930
Legal &professional fees Subtotal support costs		11,190 870,800
Governance costs
Audit fees Trustees' expenses Subtotal governance	costs	28,014 1,310 29,324
Total management	support	900,124