HEADLINERS (UK) Trustees Report & Financial Statements 31[st] March 2023
## **HEADLINERS (UK)**
**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
||**Page**|
|---|---|
|**Reference and Administrative Details**|1|
|**Chair Forward**|2|
|**Trustees' Report**|3 to 9|
|**Independent Examiner’s Report**|10|
|**Statement of Financial Activities**|11|
|**Balance Sheet**|12 to 13|
|**Notes to the Financial Statements**|14 to 25|
## **HEADLINERS (UK)**
## **REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2023**
## **Registered Company number**
02976335
**Registered Charity number** 1043300
## **Registered office**
100 Howard Street, North Shields, NE30 1NA
**Trustees** Jonathan Hudson Chair Dr David Baines Deputy Chair Eshe Nelson Maggie Taggart Gana Alampalle retired 14 September 2023 Alex Brookes retired 14 September 2023 Emma Corry retired 14 September 2023 David Izamoje retired 14 September 2023 Niall Parfitt retired 14 September 2023 Eva Keogan retired 14 September 2023 Darell Philip retired 14 September 2023 Kevin Meah appointed 1 April 2022, retired 26 April 2022 **Senior Management Team** James Hunt Chief Executive appointed 15 August 2022 Alison Talbot Chief Executive resigned 15 August 2022
## **Independent Examiner**
Read, Milburn & Co., 71 Howard Street, North Shields, NE30 1AF
## **Bankers**
Barclays Bank PLC, Islington and Camden Business Centre, PO Box 3474, London, NW1 7NQ
## **Solicitors**
Pinsent Masons, 30 Crown Place, London, EC2A 4ES
Page 1
## **HEADLINERS (UK)**
## **CHAIR FORWARD 2023**
## Dear Friends,
It has been another busy year delivering our mission and supporting young people. However, our fundraising environment remains challenging. With this in mind, the charity has had to take steps to reduce our fixed costs and explore wider opportunities for fundraising and partnerships.
We expect in the next financial year the need to look at the Headliners UK operating model, which may require consolidation into a single base of operation in the Northeast of England.
Nevertheless, with funding that has been secured, we have continued to deliver our excellent programmes supporting young people. I am proud that we were able to work with 816 young people through our activities.
The year bought changes in leadership at Headliners UK. We said goodbye to Ali Talbot, after two years at Headliners, steering the organisation through the pandemic, being innovative to continue delivery with our young people and supporting our team through what was a difficult time for all across the UK. We thank Ali for her hard work during what was an unprecedented challenge to our operations.
In August 2022 we welcomed a new Chief Executive, James Hunt, who joins us with experience as a fundraiser in the charity sector.
I want to convey my thanks to all of our funders, supporters and volunteers. Not least our wonderful trustees that continue to provide their time supporting me as Chair, and the leadership of the charity.
## Jon Hudson
Chairperson
Page 2
## **HEADLINERS (UK)**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023**
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 March 2023. 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 1 January 2019).
## **Structure, governance and management**
Headliners (UK) is a company limited by guarantee, not having a share capital, and is governed by a Board of Trustees, the members of which are the directors of the Company. The charity's governing document is its Articles of Association. Trustees are externally recruited and selected then appointed by ordinary resolution for an initial three-year term, which can be extended.
It is the policy of the charity that there is representation of young people and former Headliners (UK) members on the Board of Trustees. Young people are involved across all sections of the organisation including the annual planning cycle and developing strategy. The charity's ethos is encourage the participation of young people. Young people are involved in the recruitment of key charity positions and key decision making in the charity including our strategy.
The day-to-day operation of the charity is now managed by the Chief Executive, who reports to the Board of Trustees and who is supported by a small senior management team. The senior management team meets at monthly intervals and the Board meets five times per year. There are two sub committees that operate in support of the Board of Trustees. These are the Finance, Fundraising and Communications Sub Committee and the Delivery and Operations Sub Committee.
## **Financial review**
During the 2023-24 financial year, Headliners (UK) made a net deficit of £43,815 (2022 19,475) resulting in total funds carried forward of £160,396 (202 £204,211).
## **Reserves Policy**
The Trustees have determined that a target reserves level of £60,000 is both realistic and appropriate. This represents 18 months of core costs not supported by guaranteed income streams which is felt to provide sufficient protection for the organisation.
## **Management of Risk**
The Trustees have a risk management strategy which comprises:
- An annual review of the risks the charity may face.
- Regular monitoring by the charity's Finance, Fundraising and Communications Sub Committee and the Risk Register is reported to the Board of Trustees quarterly.
- The establishment of systems and procedures to mitigate those risks identified in the plan.
- • The implementation of procedures designed to minimise any potential impact on the charity should those risks materialise.
This work has identified that financial sustainability is the key focus for the charity and building up of the unrestricted reserves for the charity through new sources of income and new contract income. Attention has also focussed on non-financial risks arising from safeguarding and child protection.
Page 3
## **HEADLINERS (UK)**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023**
## **Who we are**
Headliners (UK) uses multi-media programmes and tools to help disadvantaged young people across London, Northern Ireland and North-East England to learn new skills and give them the means to make good choices in their own lives. Headliners supports the most vulnerable children and young people aged 8-25 years including care leavers, from black and minority ethnic groups, low economic backgrounds, those not in education, employment or training (NEET), with special educational needs and disabilities (SEND), refugees and young people seeking asylum. Through creative media and journalism we empower young people to have a voice, share their stories and the stories of others.
Through the work we do we support young people to prepare for the future whilst building confidence and resilience. In the process, young people also enrich local communities through disseminating what they learnt and through targeted social action around areas of local deprivation. Headliners is proud to work with forward-thinking and innovative young people who care passionately about their peers and the communities they live in.
Through the work of our dedicated team, We support young people to have a voice on issues that matter locally such as transitioning to independent living, acquiring skills for work and dealing with isolation amongst other things.
Headliners has a near 30 year track record of advocating for young people on matters that affect them, inspiring them to investigate the world around them, offering opportunities to enhance their future life chances through education and empowering them by amplifying their voices.
"Being a care-leaver isn't easy. I do get so much support from my social worker and from other organisations but it's different from having a parent, family that you can talk to about anything. It can really knock your confidence. I have always been a creative person but doubted my abilities so wouldn't share the things I did. Signing up to do new things is always quite daunting as meeting new people is hard but I'm so glad I signed up to do Tyne on Your side. I lacked confidence in this and just didn't know where to start. After working with Headliners, I feel so much more confident and positive about my future because I have been given some really good skills in interviewing, mapping out my future and building my experiences though volunteering."
Abi,17-Tyne on Your Side project.
Page 4
## **HEADLINERS (UK)**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023**
## **Our Impact**
## **In 2022/23 We worked with 804 young people. Our Impact shows:**
- ➢ 88% of our young people said they felt their contribution was valued.
- ➢ 94% of our young people said they cared about their community more.
- ➢ 87% of our young people said they felt they were able to give their own opinion.
- ➢ 86% of our young people felt more confident talking to groups of people.
## **In London, we delivered:**
- ➢ London Green Champions, Kindly Funded by The National Lottery Community fund and The Jack Petchey Foundation.
- ➢ Breaking Through The Headlines, Kindly Funded by Tower Hamlets Prevent.
- ➢ Safe Spaces London, Kindly Funded by The Edward Gostling Foundation.
## **In the Northeast we delivered:**
- ➢ Digital Transitions, Kindly funded by Lloyds Bank Foundation.
- ➢ Safe Spaces North East, Kindly Funded by The Postcode Neighborhood Trust.
- ➢ Aiming High, Kindly Funded by The Santander Foundation.
- ➢ We also delivered NCS programmes in the Northeast, Including Summer, Autumn, changemakers programmes and Skills boosters Programmes.
## **In Northern Ireland we delivered:**
- ➢ EANI, Kindly Funded by Education Authority Northern Ireland.
Page 5
## **HEADLINERS (UK)**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023**
## **Strategic Summary**
**Our purpose** is to raise the voices of young people and support the next generation of citizen journalists. We are young people led and it's their voices that are shared within all aspects of the charity.
**Our Vision** is a world where young people's voices are heard, where they believe in themselves, are empowered and able to make positive choices and changes for themselves and for others.
**Our Mission** is to provide a platform for young people to share their voices, positively challenge the world around them, build their self-confidence and promote young people's right to be heard as equals.
## **We Believe**
- All young people have voices and views that are respected and listened to.
- All young people are talented, creative and deserve to be nurtured and supported to create a positive future.
- All young people deserve equal access to inclusive opportunities and the resources they require to fulfil their potential.
- All young people matter, and our role is to provide support and opportunities for them to identify and develop their own strengths.
- All young people should feel safe, have a safe space, and be supported without judgement.
Page 6
## **HEADLINERS (UK)**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023**
**Strategic Objectives 2023 to 2025**
## **Our Strategic Objectives are to:**
**EMPOWER** through Youth Voices. We will do this by enabling young people to have an inclusive platform to amplify their voice supported our charity that is the best we can be through effective governance, leadership and youth engagement to empower youth voices.
**EDUCATE** through Youth Opportunities. We will do this by developing our partnerships and alliances to amplify youth voices to create opportunities for young people to enhance their future life chances by making positive choices and access inclusive opportunities.
**ADVOCATE** through Reaching Out. We will do this by strengthening young people's voices, empowering them to positively challenge the world around them supported by sustainable resources and income in the charity to achieve our vision and mission.
"I think the part of the project that was the most important for me was a session in believing in myself. I think all young people need to have that because I put myself down all the time before this and now, I can go 'No I can do this, I do have skills, I am capable.'"
Reza, 17, Tyne on Your Side participant
Page 7
**HEADLINERS (UK)**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023**
## **Our Projects**
Our projects represent the needs of the young people we work with and our core groups of young people who are facing barriers;
- Young people who are care experienced, either that they have lived in local authority care, foster care or have recently left the care system. This can include young carers themselves who have received respite care from their own caring responsibilities.
- Young people who are SEND or have autism spectrum disorder.
- Young people who are new migrants to the UK including those who are Refugees or Asylum seekers and young people who have English as a Second Language.
Additional Projects complement our core projects, engage further young people, additionally develop the work of Headliners and offers further support to young people we already work with.
The Young Journalist programme is the aimed at working with young people to support them to become the next generation of citizen journalists, to train and equip them to challenge the world around them, share their stories and the stories of others. This programme will be developed with a timeline for beginning in January 2024.
The Aiming High Project has made me feel more excited for the future I have and less sad about my past. I feel safe, I have made friends and I have been able to use new creative skills. Hopefully next year I can go to college and study photography. I would like to be a photographer for my career and Headliners has inspired me. I like to take pictures that show real life in its true form. I like to photograph places and people. I like to show shapes and different angles that show a different view of a simple thing.
Young Person, 19 - Aiming High
Page 8
## **HEADLINERS (UK)**
**TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees (who are also the directors of Headliners (UK) for the purposes of company law) are responsible for preparing the Annual 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 which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 18 March 2024 and signed on its behalf by:
J E Hudson - Trustee
Page 9
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HEADLINERS (UK)**
## **Independent examiner's report to the trustees of Headliners (Uk) ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.
## **Responsibilities 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 I 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:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (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 which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Nicholas J Liley FCA The Institute of Chartered Accountants in England and Wales
Read, Milburn & Co 71 Howard Street North Shields Tyne and Wear NE30 1AF
22 March 2024
Page 10
## **HEADLINERS (UK)**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
4,107
**Charitable activities**
England-wide operations
190,322
NI (Belfast & Derry Bureaux)
-
Investment income
2
3
Other income
-
**Total**
194,432
**EXPENDITURE ON**
Raising funds
20,514
**Charitable activities**
England-wide operations
231,286
NI (Belfast & Derry Bureaux)
38,732
**Total**
290,532
**NET INCOME/(EXPENDITURE)**
(96,100)
**Transfers between funds**
11
(13,665)
**Net movement in funds**
(109,765)
**RECONCILIATION OF FUNDS**
Total funds brought forward
180,116
**TOTAL FUNDS CARRIED FORWARD**
70,351|Restricted
funds
£
-
243,699
19,221
-
-
262,920
-
203,619
7,016
210,635
52,285
13,665
65,950
24,095
90,045|2023
Total
funds
£
4,107
434,021
19,221
3
-
457,352
20,514
434,905
45,748
501,167
(43,815)
-
(43,815)
204,211
160,396|2022
Total
funds
£
4,322
405,947
83,408
-
23
493,700
470
378,861
133,844
513,175
(19,475)
-
(19,475)
223,686
204,211|
|---|---|---|---|
The notes form part of these financial statements
Page 11
## **HEADLINERS (UK)**
## **BALANCE SHEET 31 MARCH 2023**
|Notes
**FIXED ASSETS**
Tangible assets
7
**CURRENT ASSETS**
Debtors
8
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
9
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
11
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|2023
2022
£
£
3,583
6,015
51,576
184,219
180,878
135,409
232,454
319,628
(75,641)
(121,432)
156,813
198,196
160,396
204,211
160,396
204,211
70,351
180,116
90,045
24,095
160,396
204,211|
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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
- (b) 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.
The notes form part of these financial statements
continued...
Page 12
## **HEADLINERS (UK)**
## **BALANCE SHEET - continued 31 MARCH 2023**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 18 March 2024 and were signed on its behalf by:
J E Hudson - Trustee
The notes form part of these financial statements
Page 13
## **HEADLINERS (UK)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial 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 charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 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.
The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest Pound (£).
## **Going concern**
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has 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 is accounted for on an accruals 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.
Plant and machinery - 25% on cost
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
continued...
Page 14
## **HEADLINERS (UK)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **1. ACCOUNTING POLICIES - continued**
## **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 particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement 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.
## **Debtors**
Trade and other debtors (including prepayments) are recognised at the settlement amount due or amount prepaid) net of any trade discounts.
## **Cash at bank and in hand**
Cash at bank and in hand includes cash and short term highly liquid investments.
## **Creditors**
Trade and other creditors (including accruals) are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount nett of any trade discounts.
## **Financial instruments**
All financial assets and financial liabilities of the charity qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
## **2. INVESTMENT INCOME**
2023 2022 £ £ Interest receivable 3 -
continued...
Page 15
## **HEADLINERS (UK)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **3. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
||2023|2022|
|---|---|---|
||£|£|
|Depreciation - owned assets|4,554|4,583|
|Independent examiner's remuneration, including irrecoverable|2,160|2,800|
|VAT|||
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
## **5. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs|2023
£
274,776
21,051
4,666
300,493|2022
£
317,154
24,950
5,912
348,016|
|---|---|---|
The average monthly number of employees during the year was as follows:
|Administrative staff
Direct charitable work|2023
1
10
11|2022
1
12
13|
|---|---|---|
No employees received emoluments in excess of £60,000.
The key management personnel of the charity are listed under Reference and Administrative Details. The total employee benefits of the key management personnel of the charity were £56,584 (2022 - £87,267).
continued...
Page 16
## **HEADLINERS (UK)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
Restricted
funds
funds
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
4,322
-
**Charitable activities**
England-wide operations
279,943
126,004
NI (Belfast & Derry Bureaux)
3,579
79,829
Other income
23
-
**Total**
287,867
205,833
**EXPENDITURE ON**
Raising funds
470
-
**Charitable activities**
England-wide operations
203,573
175,288
NI (Belfast & Derry Bureaux)
(23,659)
157,503
**Total**
180,384
332,791
**NET INCOME/(EXPENDITURE)**
107,483
(126,958)
**RECONCILIATION OF FUNDS**
Total funds brought forward
72,633
151,053
**TOTAL FUNDS CARRIED**
**FORWARD**
180,116
24,095|Total
funds
£
4,322
405,947
83,408
23
493,700
470
378,861
133,844
513,175
(19,475)
223,686
204,211|
|---|---|
continued...
Page 17
## **HEADLINERS (UK)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **7. TANGIBLE FIXED ASSETS**
|**COST**
At 1 April 2022
Additions
At 31 March 2023
**DEPRECIATION**
At 1 April 2022
Charge for year
At 31 March 2023
**NET BOOK VALUE**
At 31 March 2023
At 31 March 2022
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Other debtors
Prepayments
Accrued income|2023
£
34,661
928
10,003
5,984
51,576|Plant and
machinery
£
23,086
2,122
25,208
17,071
4,554
21,625
3,583
6,015
2022
£
9,606
138,742
4,780
31,091
184,219|
|---|---|---|
## **8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
continued...
Page 18
## **HEADLINERS (UK)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade creditors
Social security and other taxes
Other creditors
Accruals
Deferred income|2023
£
11,754
2,269
-
2,160
59,458
75,641|2022
£
6,016
6,248
1,040
3,320
104,808
121,432|
|---|---|---|
## **10. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|Unrestricted
funds
£
Fixed assets
3,583
Current assets
82,951
Current liabilities
(16,183)
70,351|Restricted
funds
£
-
149,503
(59,458)
90,045|2023
Total
funds
£
3,583
232,454
(75,641)
(
160,396|2022
Total
funds
£
6,015
319,628
121,432)
204,211|
|---|---|---|---|
continued...
Page 19
## **HEADLINERS (UK)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **11. MOVEMENT IN FUNDS**
|**Unrestricted funds**
England-wide Operations
Northern Ireland Operations
Designated funds
**Restricted funds**
Heritage Lottery
Jack Petchey
Co-Ray Project
Lloyds TSB Engage
London Wildlife Fund
Young Londoners
ESF Equip Community Leaders
Santander
Postcode Lottery
Old Street
NE Youth
Community Foundation NCS
National Lottery Community Fund
Empowering YP
Education authority for Northern
Ireland
Dept of Justice
Edward Gostling Foundation
London's Young Platinum Green
Champions
Breaking Through the Headlines
Tyne on Your Side
Kickstarter
**TOTAL FUNDS**|Net
movement
At 1/4/22
in funds
£
£
150,844
(52,814)
23,257
(38,732)
6,015
(4,554)
180,116
(96,100)
(862)
-
124
193
11,278
(28)
5,553
(820)
770
-
(2,200)
-
(413)
4,076
8,379
14,516
1,146
(578)
(586)
-
1,600
-
750
-
(7,799)
-
3,410
5,684
2,945
6,521
-
(2,218)
-
7,452
-
6,483
-
5,117
-
5,887
24,095
52,285
204,211
(43,815)|Transfers
between
funds
£
(31,262)
15,475
2,122
(13,665)
862
-
-
-
-
2,200
-
-
-
586
-
-
7,799
-
-
2,218
-
-
-
-
13,665
-|At
31/3/23
£
66,768
-
3,583
70,351
-
317
11,250
4,733
770
-
3,663
22,895
568
-
1,600
750
-
9,094
9,466
-
7,452
6,483
5,117
5,887
90,045
160,396|
|---|---|---|---|
continued...
Page 20
## **HEADLINERS (UK)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **11. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
England-wide Operations
Northern Ireland Operations
Designated funds
**Restricted funds**
Jack Petchey
Co-Ray Project
Lloyds TSB Engage
ESF Equip Community Leaders
Santander
Postcode Lottery
Education authority for Northern
Ireland
Dept of Justice
Edward Gostling Foundation
London's Young Platinum Green
Champions
Breaking Through the Headlines
Tyne on Your Side
Kickstarter
**TOTAL FUNDS**|Incoming
Resources Movement
resources
expended
in funds
£
£
£
194,432
(247,246)
(52,814)
-
(38,732)
(38,732)
-
(4,554)
(4,554)
194,432
(290,532)
(96,100)
11,900
(11,707)
193
-
(28)
(28)
33,388
(34,208)
(820)
5,990
(1,914)
4,076
55,324
(40,808)
14,516
15,187
(15,765)
(578)
12,700
(7,016)
5,684
6,521
-
6,521
12,831
(15,049)
(2,218)
34,050
(26,598)
7,452
32,255
(25,772)
6,483
29,926
(24,809)
5,117
12,848
(6,961)
5,887
262,920
(210,635)
52,285
457,352
(501,167)
(43,815)|
|---|---|
continued...
Page 21
## **HEADLINERS (UK)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **11. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
England-wide Operations
Northern Ireland Operations
Designated funds
**Restricted funds**
Heritage Lottery
Jack Petchey
Co-Ray Project
Lloyds TSB Engage
London Wildlife Fund
Young Londoners
ESF Equip Community Leaders
Santander
Postcode Lottery
Old Street
NE Youth
Community Foundation NCS
National Lottery Community Fund
Empowering YP
Education authority for Northern
Ireland
Dept of Justice
**TOTAL FUNDS**|Net
movement
At 1/4/21
in funds
£
£
66,586
84,258
(3,981)
27,238
10,028
(4,013)
72,633
107,483
28,553
(29,415)
1,308
(1,184)
14,156
(2,878)
20,061
(14,508)
-
770
8,748
(10,948)
1,997
(2,410)
-
8,379
-
1,146
-
(586)
-
1,600
-
750
76,230
(84,029)
-
3,410
-
2,945
151,053
(126,958)
223,686
(19,475)|At
31/3/22
£
150,844
23,257
6,015
180,116
(862)
124
11,278
5,553
770
(2,200)
(413)
8,379
1,146
(586)
1,600
750
(7,799)
3,410
2,945
24,095
204,211|
|---|---|---|
continued...
Page 22
## **HEADLINERS (UK)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **11. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
England-wide Operations
Northern Ireland Operations
Designated funds
**Restricted funds**
Heritage Lottery
Jack Petchey
Co-Ray Project
Lloyds TSB Engage
London Wildlife Fund
Young Londoners
ESF Equip Community Leaders
Santander
Postcode Lottery
Old Street
NE Youth
Community Foundation NCS
National Lottery Community Fund
Empowering YP
Education authority for Northern
Ireland
Dept of Justice
**TOTAL FUNDS**|Incoming
Resources Movement
resources
expended
in funds
£
£
£
283,718
(199,460)
84,258
3,579
23,659
27,238
570
(4,583)
(4,013)
287,867
(180,384)
107,483
9,920
(39,335)
(29,415)
1,000
(2,184)
(1,184)
15,000
(17,878)
(2,878)
19,809
(34,317)
(14,508)
18,566
(17,796)
770
28,136
(39,084)
(10,948)
11,980
(14,390)
(2,410)
11,951
(3,572)
8,379
4,792
(3,646)
1,146
2,500
(3,086)
(586)
1,600
-
1,600
750
-
750
40,001
(124,030)
(84,029)
28,319
(24,909)
3,410
11,509
(8,564)
2,945
205,833
(332,791)
(126,958)
493,700
(513,175)
(19,475)|
|---|---|
continued...
Page 23
## **HEADLINERS (UK)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **11. MOVEMENT IN FUNDS - continued**
## **Designated funds**
Designated funds represent the illiquid funds of the charity. Transfers to this fund represent capital expenditure during the year.
## **Restricted Funds**
## **England-wide Operations**
- i. The Jack Petchey Foundation who funding supports our London delivery.
- ii. Funding for the London Borough of Tower Hamlets enables us to support our work with young people with special educational needs.
- iii. Funding from the National Lottery Heritage Fund supporting our "Keeping It Wild" work with the London Wildlife Trust, John Muir Trust and London Youth.
- iv. The London Mayors Fund enables our charity to deliver the #Unfiltered project to support young people with special educational needs and those at risk of exclusion in London.
- v. Funding from Vanguard to develop our out of school 'Safe Spaces' projects in London.
- vi. Funding and support from The Lloyds Bank Foundation Enable Fund enables Headliners (UK) to work with young people transitioning from care in North East England.
- vii. The National Lottery Heritage Fund is funding Headliners (UK) to deliver the Tynesiders project which supports new, emerging and existing communities to explore their shared heritage in the North East of England.
## **NI (Belfast & Derry Bureaux)**
- i. Funding from The National Lottery Community Fund (formerly the Big Lottery Community Fund) enabling Headliners (UK) to deliver the Empowering Young People programme to work with young people who are in care, young offenders and young people out of school.
- ii. Continued funding for an additional three years for the National Lottery Empowering Young People Programme (formally The Big Lottery) is enabling us to reach vulnerable young people in Northern Ireland.
- iii. Funding from the Education Authority Northern Ireland is enabling Headliners to work with a range of young people across Northern Ireland to raise standards and improve community relations, equality and diversity.
Transfers to restricted funds represent funding shortfalls made up from the charity's free reserves.
## **12. EMPLOYEE BENEFIT OBLIGATIONS**
The charity operates a defined contribution pension scheme. The pension charge for the year represents contributions payable by the charity to the scheme and amounted to £4,666 (2022 - £5,912).
Contributions totalling £nil (2022 - £1,040) were payable to the scheme at the balance sheet date and are included in other creditors.
continued...
Page 24
## **HEADLINERS (UK)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **13. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2023.
## **14. LEGAL STATUS**
Headliners (UK) is a company limited by guarantee, registered in England and Wales and has no share capital. The company's registered number and registered office address can be found within Reference and Administrative Details.
The Liability of the members is limited. Every member of the charitable company undertakes to contribute to the assets of the charitable company, in the event of being wound up while they are a member or within one year after they ceased to be a member, for payment of the debts and liabilities of the charitable company contracted before they ceased to be a member and of the costs, charges and expenses of winding up and for the adjustment of the rights of the contributories among themselves, such amount as may be required not exceeding £1.
Page 25