Charity registration number 1046863 Company registration number 2991672 {England and Wales) HEADWAY SURREY HEAD INJURIES ASSOCIATION LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
HEADWAY SURREY HEAD INJURIES ASSOCIATION LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trusts9S R Bowden Ichairl M Ferguson W Glover S Ings Mr A Golding B Lowe J Hannah G Dearman L Eccles L Gostling (Appointed 1 October 20221 IAppoinled 1 October 20221 (Appointed 1 October 20221 (Appointed 1 October 20221 (Appointed 1 October 20221 Charty nurnber 1046863 Company number 2991672 Regist8r&d offic Headway House 21 North Road Guildford SUeY GU2 9PU Independent examiner Stephen Meredith FCA DChA Friary Court 1 &21 High Street Guildford Surrey GU1 3DL Bankers CAF Bank Limited Kings Hill West Malling Kent ME19 4TA
HEADWAY SURREY HEAD INJURIES ASSOCIATION LIMITED CONTENTS Pagg Trustees. report Independent examinerfs report 12 Statement of financial activities Balance sheet 14-15 Notes to the financial statements 16-28
HEADWAY SURREY HEAD INJURIES ASSOCIATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The trustees present their annual report and financial statements for the year ended 31 March 2023. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial slalements and comply with the Companies Act 2006 and Accounting and Reporting by Charities". Stslemenl of Recommended Practice applicable lo charities preparing their accounts in accordance wth the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191" Objectives and activities Who we are and wh our work is im ortan At Headway Surrey everyone has a feeling of belonging and Can be themselves, they can enjoy meeting others in a similar situation and work on their own personal goals so that they thrive. We work together and provide the facilities and resources for everyone to gain peer support. We support not only the person with the brain injury but also their families, carers and employers. Every 90 seconds someone in the UK is admilled to hospital with a brain injury, this may be from a work or sports injury, trip, fall, falling objects, stroke, encephalitis, meningitis, hypoxia, carbon monoxide poisoning, assault, combat, domestic violence, brain lumour, aneurysm and many other issues. We help people to cope with this traumatic change lo their lives. We reduce the pressure on public services. To be known throughout Surrey as the go to place for support with acquired and traumatic brain injury. To support adults wth acquired and Iraumalic brain injury, their families and carers. To promote and understand the implications of brain injury and lo discover how lo lead a worthwhile and different life with brain injury. Objectives and activities Objectives To promote thè relief of persons who have suffered head injuries from the consequences of such injuries and the rehabililalion of such persons. To advance the education of the public in 8118specls of head injury and the consequences theof. Activities Supporting those living with acquired brain injury and their families, carers, colleagues and friends. Promoting and supporting independent living skills amongst those living with acquired brain injury. Providing rehabilitation services for those living wth acquired brain injury. Assisting those living with acquiied brain injury lo reintegrate into their communities following their injury. Providing advi lo those living ¥Mth acquired brain injury and their families, carers, colleagues and friends. Promoting awareness of all aspects of acquired brain injury and the ways in which it can be prevented. Providing counselling and well-bèing support in the form of social sessions lo enable peer support. Providing Link Workers lo enable early intervention al hospitals and similar lo enable asS lo Headway Surrey's services and support.
HEADWAY SURREY HEAD INJURIES ASSOCIATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 The trustees have considered the Charity Commission's guidance on the provision of public benefit and the Iruslees believe that Headway Surrey provides a public benefit lo clients and families with acquired or traumatic brain injury, their carers, their families, local community, public services, SCC, NHS, Aduli Social Care, Social Services and health care providers, providing specialist support not provided elsewhere. The trustees have considered the Charity Commission's guidance on the provision of public benefit and the trustees believe that Headway Surrey provides a public benefit lo dienls with acquired or Iraumalic brain injury, their carers, their families, local community, public services, SCC, NHS, Adult Social Care, Social servIs and health care providers, providing specialist support not provided elsewhere. Chief Executive Report on Services Headway Surrey continues lo offer a wide range of services designed to support and enable adults in Surrey with acquired brain injury lo live well with their brain injury. The Rehabilitation Team are very experienced, some being awarded the Certificate in Brain Injury from Headway UK and Northampton University, others undertaking Brain Tree Training courses, which specialize in upskilling staff to support brain injury survivors. The team also have backgrDunds that come from working wth special needs, challenging behaviour and psychology. The staff team comprises of 10 people which is the equivalent of 6.5 full lime. Headway Surrey relies on the support of its wonderful volunteers, either regularly or one-off, the number of volunteers varies but are in excess of 20. The roles they fill are as Trustees, centre helpers in goup sessions, lea and coffee volunteers, Drop in Helpers, behind the sne$ office admin, awareness events, fundraising, social media, bookkeeping and gardening. The S&Thlces Helpline and Email SupporL This is a vitsl and life-saving service. It is used for advice and support and for those with communication issues, includes a text or Vvhat's App service. It provides information to those surviving a brain injury, families and carers, and professional health and social care professionals. 11 is often the initial contact point for these people immediately after a brain injury and then again later when the person is discharged from h05pilal. 11 is also used many months or even years after the brain injury Cognitive disabilities may be Identified often in a crisis, or when the family feel they are unable lo Cope on their own anymore and that is when help will be sought. Centre Workshop Days. Two days of the week. a weekly Centre Workshop Day runs from 1 Oam-2.30pm. Up to 16 people with brain injury Can attend and each person has persowentred goals which are monitored and supported. The day is split into different sections ID enable those attendiry lo gain the rnaximum Support. The day starts with individual bespoke worksheets, followed by socialization lime over coffee. Then a session which may be on brain injury strategies and skills for memory, information processing, dècision making, creative writing or a guest speaker, or a discussion around emotions or certain effects of brain injury. This is followed by a lunch break, where conversation and communication are encouraged, along with rèading the newspapers, crosswords, listening lo music and enjoying the Headway Surrey Garden. In the afternoon there will be a session on art, boardgames, or sealed boccia. These sessions are used either short term or long term, some allendees use these sessions lo maintain their brain improvement and to give their carers respite. Zoom Coffee Mornings. Fortnightly and online ID make it accessible for those who cannot travel or leave their homes. An hour of lively discussion on topics that the attendees choose. Coffee Morning attendees gain a grèat deal of peer support, idea5 on living well and Coping with their brain injury, as well as laughter and friendship, which breaks the isolation barriers. For some it is the only contact they have wlh others all week. Professionals in hospitals may attend with patients due to be discharged in a bid lo familiarise them th the services they may access in the future.
HEADWAY SURREY HEAD INJURIES ASSOCIATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 1.1 Sesslons. These sessions are specialized and bespoke for those that need or want more 1..1 specialist support. They are also ideal for those whose brain injury has resulted in noise Intoleran and those requiring more confidentiality_ The sessions are persOn-nIred and may involve learning skills and strategies to manage memory or information processing, controlling behaviour, decision making, specialist worksheets, new skill training, or re-training on lost skills, practical administration support lo understand and read correspondence, benefits, bills, appointments, medical lellers etc. Assistsnce with returning lo work, practical advice and strategies lo cope. Signposting and support lo volunteering or training or employment. The sessions are accessible online or face lo face al Headway Suriey. These sessions can also be used for family members lo gain skills and support to help them support their loved one. Drop In (Frlday Frlendsl. Held on the third Friday morning of every month. this very popular free session is for regulars and also new woul&be clients, attendance numbers vary. but will be beeen 2(k30. It gives new would-be clients the opportunity to see the centre, meet some of the team, discuss options and lo meet others in a similar situation. For regulars, it is a welcome monthly event to socialize and reduce Isolation, gain communication practice, peer-tpeer support and meet new people. Family and carers also attend and they gain Support from talking lo other families and caier5 and members of staff. The session also provides carers a morning of respite from their caring duties, if they wish lo drop and leave the person with brain injury, knowing they are in a safe place. Previous dients also use the dropin as a lime to r&connect I socialize with other clients and staff. Family Education Sessions. These are for family group issues or 1..1 sessions for spousel partner, parents and children to understand what the person with the brain injury is going through, how they can help and how as a family they can work together and support the survivor's rehabililalion. These are accessible online or face-ttrface. Famlly and Carers Survlval Toolklt Course. A 6-week course held online to support and educate family and carers to understand brain injury, cognition, neuro-faligue, behavior changes and communication issues. The course is ideal for family and ¢arers to gain skills and strategies to use from the facilitator, peer support and to meet others in a similar situation. Courses take a maximum of 12 attendees and the average attendance is 6-12 people al each session. Each session lasts 1.5 hours, divided into 1 hour of tutorial and 30 minutes of discussion. These are run either In the afternoon or early evening to make them accessible around caring duties. The Headway Surrey helpline and email support is also available for family and carers as well.
HEADWAY SURREY HEAD INJURIES ASSOCIATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 Short Term Counselllng Course. 6 counselling sessions for survivors of brain injury and their families. These 50-minule sessions are accessible online, via telephone or face lo face al the cenlre. Understsndlng Braln Injury for Survlvors Course. 6-week ¢ourse lo help those with brain injury to understand their condition. Exploring how the brain works, neuro fatigue, cognition, emotions and communication. Each session is 1.5 hours online, which is 1 hour of tutorial and 30 minutes of discussion. The benefits gained include good peer support, insight and reduces the feeling of being the only one. Early Intervention and Link Workers The Link Workers provide early intervention support and guidance to families, patients and stsff and regularly visit.. St. George's Hospitsl, Tooling Queen Mary's Hospitsl, Roehamplon Bradley Unil, Woking Sl Peter's Hospitsl, Chertsey They also support the Multi-Disciplinary Teams IMDTI al other Surrey hospitals with periodic i service training, monthly updates on our support services and distribution of patient information packs. The Link Workers are currently working with other Surrey hospitals to gain a regular presence. Eg. Frimley Park Hospital, Royal Surrey County Hospitsl Guildford, East Surrey Hospital Reigale, Epsom Hospital. They also give free 3045 min talks, online or face-lfaCe lo Adult Social Care Teams, Social prescribing teams, GP neOrkS, stroke dubs and other healthcare organisations. Annual Summer Outing. The clients select a local place of interest to visit for a day, eg Mane Chance Horse Sanctuary or Swingbridge Boat on the River Wey. Clients help plan the day and gain a lot of cognitive benefit, both socially and practically, eg. planning, information processing, communication and decision making. Annual Christmas Lunches and Summer BBQS. These are held at Headway House for all the Clients, carers, volunteers, Trusteès, and staff. These are vital social opportunities, complete with all the necessary BBQ trimmings, Father Christmas, entertainment and a small gift. These events offer local companies the opportunity lo sponsor an event and lo be involved wth parti¢ipats'ng and volunteering on the day. Work Experience is available at Headway Surrey for trainee psychologists, occupational Iherapisls, nurses, speech and language Iherapisls elc. This provides great two-way learning opportunities for all involved and the clients gain additional benefit from meeting new people.
HEADWAY SURREY HEAD INJURIES ASSOCIATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 Collaboratlon and lolnt VrkIng. We play an active part and attend the followng. SABIN- Surrey Acquired Brain Injury Neork Surrey Coalition of Disabled People Long Term Neurological Conditions Group Surrey Charities Chief Executive Group Surrey Charities Forum Queen Elizabeth Foundation As well as working with Surrey County Council, we also work with Adult Social serViS, Adult Locality Teams, Aduf( and Community Care Teams, NHS Clinical Commissioning Groups, Surrey Borough Councils. We also work with other organisations from the voluntsry sector, funding organisalions, local groups, companies and corporates. Eg. Lions. Rotary. Professional Training Special training sessions can be arranged for different groups of professionals, for example Lawyers or Case Managers. These are usually 2 hours in length and delivered online or face lo fa¢e. Professional Lunch and Learn Weblnars. These are held monthly online and are 30 minutes in length enabling health care and social care professionals lo easily join and learn in bile sized chunks about brain injury and some other asso¢iated issues, eg. Communication, behaviour, memory. Volunteering there are a range of opportunities. For example, 1..1 support with dients, facilitating group sessions eg. quiz and boardgames, preparing refreshments and conversation practi, fundraising, event support, admin, gardening and Irusleeship. All volunteers undergo an interview, DBS Check, two references, trial period, induction and training. We have more than 20 volunteers al any lime. Either regular volunteers, lerm-lime voluntèers, holiday volunteers and one-off volunteers. Taking an average of 20 volunteers working 10 hours a week.. 20 volunteers x 48 weeks of the year x 10 hours = 9,600 hours per year al the national living wage of £10.42 per hour this would cost= £100,032 Achievements and perfomiance Report by the Chalron Achlevements and Performance- Dr Rebecca Bowden nston Chur¢hill said. The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every drffiGully'. This year it has been a very good thing that we have such a fabulous bunch of optimists amongst our staff and volunteers! It has been another difficult year, followng on from 2 very challenging years for our charity and our clients. However, we ale beginning to see the results of our hard work and agility in terms of how much we have done lo change the way we work, lo raise funds in new ways, and to offer exciting new services lo our clients. The cost-of-living crisis has hit those who are most disadvantaged in a disproportionate way. The current situation has particularly affected people like our clients who have a disability or long-term illness. Rising costs of fuel, food, transport and childcare are particularly acute in Surrey. Of course. this affects not only our clients, bul our staff and volunteers loo, with many people in our area being unable to continue to volunteer due lo having lo work more hours, OT not being able lo afford transport costs.
HEADWAY SURREY HEAD INJURIES ASSOCIATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 This all affects the availability of funds for our charity too, wth every aspect of our income being squeezed. Some of our clients are able lo gel funding for their rehabilitslion, but public sector funding has not increased in line with inflation, and we have been left having lo find other income lo cover the full Costs. We're delighted that we have managed to secure a number of small grants to provide bursaries to clients who otherwi WOLJldn't be able to afford to get the rehab that is so important to their recovery. We have also successfully supported a number of dienls through appeals against non-payment decisions- but the process is slow and very upsetting for our dients. It has been an extremely challenging year financially, and we have again made significant use of our stiategic development fund this year lo invest in developing new services and in improving our fundraising capacity. Nevertheless, our outstanding stsff and volunteer team have continued lo support our clients in every way we can. Someone in the UK is admitted to hospital every 90 seconds with an acquired brain injury, and cases have increased year-on-year in the UK steadily for several years. Our Link Workers are able to form the bridge between primary care medical professions and our services, ensuring that people neY injured are aware of our services. Our monthly dropin sessions continue lo be very well allended. We have found that we are getting more and more young people using our serVIS and so we have sel a young person's support group so that they have a space lo share their stories. We have had a number of changes in our staff team this year, which of course is very disruptive, we're delighted lo welcome a new Link Worker Lucy Gregory, Rehab Assistant Angela Manrique and our new Office Manager Claire Moore. This year loo, Sonja and Maggee look on new roles as the joint CEO - giving us a great deal of knowledge and experience at the helm. We're also delighted to be working with our fredance fundraiser. Katie Heyward who has brought great insight, and we are already seeing the results of her labours. We carried out an open recruilmenl campaign for new trustees and we were really pleased to be able lo appoint 5 fabulous new Iruslees lo our Board, Gennie Dearman, Jennifer Lund, Louise Goslling, Louise Eccles and Beth Lowe. We are particulady delighted lo have three survivors of ABI on our Board of Trustees, and working with them has really helped us lo understand the issues faced by clients, and lo have their needs at the centre of all our strategic planning for Headway Surrey. Our Art and Creative Writing dasses continue lo thrive and lo provide our clients with new skills bul also an opportunity lo tslk through their feelings. This year loo we have continued lo embrace the power of the outdoors to improve mental and physical health with our Walking and Talking Group for our clients. In addition, our staff and volunteers have worked minor mirades in the garden not only in the existing outdoor space but also the wonderful community garden for the local residents to make use of as well as our clients. This is a real demonstration of 'community' in action, as well as the healing power of growing things and we were delighted to be awarded Best Neighborhood Project and a Gold Guildford in Bloom Award. The ongoing mental health loll of the last few years on our clients continues lo require support, and in addition to our expert stsff we have maintained our counselling Servi with 4 volunteer ¢ounsellors, from lime to lime we have a waiting list, bul this is only for about 6 weeks. I would like to pay tribute to our wonderful staff and volunteer team, and our fabulous trustees, without whom we would be unable to continue providing such life-changing support to our clients. In particular our joint CEOS Sonja and Maggee who have worked tirelessly to support the team, and our dients. 11 is a real honour lo work with such a dèdicated and professional team, who care so deeply about each person that wè support.
HEADWAY SURREY HEAD INJURIES ASSOCIATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 Flnanclal revlew The accounts for the year ending 31 March 2023 show total income amounting to £194,84912022'. £204,667) and resources expended of £241,32912022'. £269,913). A deficit of £58,74412022'. £67,245) was recorded in the year following the inclusion of a £12,264 loss on inveslmenls12022'. £1,999 lossl. A deficit of this level for a second year running Is a significant concern for the charity, and OCCUTred despite the Board of Trustees and senior staff Carefully monitoring income and expenditure on a monthly basis. Through restructuring in the year the Charity was able to cut staff costs, however, this could not make up t)r a decrease in donations and grants received in the year. which is considered to result from the Cost of living crisis facing the UK. The charitable sector is particularfy susceptible to downturns in the wider economy as high inflation and reduced disposable incomes cut donations from both individuals and corporations. As mentioned in the Report by the Chair on Achievements and Perfomiance, the Board has appointed a freelance fundraiser In the year. This cost has been funded using the Strategic Development Fund and aims to CL)mbal the falling level of gran15 and donations seen over the last few years. Results have been very posrtive with an increase in grants being experienced toward the end of the year helping the Charity lo make a surplus of £3,895 in Q4. This trend has continued in lo the 2023124 year end, and the Board are optimistic that this will provide a significant boost to our incoming resources and reduce the increasing risk lo going concern. Reserves Pollcy The Reserves Policy is reviewed annually. It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained al a level equivalent to 8 months expenditure. The trustees consider that reserves at this level would ensure that, in the event of a significant drop in funding. they WOLJld be able to continue the charity's current activities while consideration is given lo ways in which addrtional funds may be raised. Trustees have supported a cautious reserves policy for two reasons.. the charity is reliant on Surrey County Council for a significant proportion of funds relating lo provision of rehabilitation and support services and is therefo vulnerable should the Council make budget changes. the clients supported by the charity are highly vulnerable and reliant on our support. we do not wish to have to withdraw vital services unnecessarily and wish to maintain a level of reserves which ¥MII enable us lo weather major disruptive challenges without having to disadvantage our benefiaaries.
HEADWAY SURREY HEAD INJURIES ASSOCIATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 At the end of March 2023 Headway Surrey Head Injuries Association Ltd carried £280,654 unreslricled reserves, equal lo 14 months operating costs based on the results of the year. Of those funds. £18,950 represent free reserves. Unrestricted reserves includes the revalued cost of the leasehold propety, which is disproportionately high compared to annual income and expenditure. For this reason, the Charity considers free reserves to be a more accurate measure of its ability to meet financial obligations as they fall due and have set a target of maintaining 2 months of average expenditure. The level held at the year end is equal lo 1.0 months of expenditure. In response lo the low level of free reserves, the Finance Committee has been carrying out an enhanced cash flow review on a monthly basis throughout the year. Thi5 has ensured that funds have been made available when well in advance of potential cash flow issues arising and as a result the Charity has faced no issues with paying creditors during the year. Strategic Development Fund and Investments The Strategic Development Fund ISDFI is a designated fund earmarked for improving the provision of existing services and developing new serViS In response to the needs of our beneficiaries as directed by the Trustees. The fund is subslanlially made up by an investment portfolio. Cash Income generated by the investments will be available for unieslricled use by the Charity, whilst gains on Investrnenl values shall remain within the designated fund. 11 is the objective of the charity that lolal annualised returns over a three year period exceed average annual CPI over the same period. Tolal annual returns will be measured using an industry standard, and will aca)unt for additions to, and withdrawals from, the capital invested. This level of retum is considered necessary to justify Ihe risk to capital inherent with investments of this nature. 11 is deemed inappropriate to make an appraisal Df the investments al this stage due lo ongoing exceptional economic conditions. As mentioned above, this year a portion of the fund has successfully been ulilised lo hire a freelance fundraiser. On one occasion in the year il also become necessary lo reclassify £25,000 of the SDF as unrestricted funds, lo enable the Charity lo meet monthly expenditures. This occurred in November 2022, and at the time of signing this report, no further reclassifications have been required due lo the improving financial position of the Charity. Headway Surrey Head Injuries Association Ltd retains a long-temi interest in the site at North Road, Guildford, having leased the land from Vlfindsor and Distrid Housing Association for a period of 125 years, al a peppercorn rent. Rl$k and In$urancg The trustees review al Board meetings the major risks lo which the charity is exposed. Procedures are in place to mitigate those risks. A risk register is reviewed regularly by the Board of Trustees. A full review of policies commenced In 2022 and was finalised In the first few months of the 202212023 year end. Individual client risks and activity assessments ale undertaken by staff as required and procedures are in place lo ensure compliance with health and safety of staff, volunteers, clients and visitors lo the ¢enlre, with public, employee and legal insurance in place. Quality Standards Headway Surrey undertakes a National Standards Audit by Headway UK lo ensure consislenl quality of delivery for all operational and service aspects of the charity. Development Argas Due to Covid, some plans have been placed on hold. the possibility of an extension at Headway House to provide more space for extra activities, the provision of more regional hubs throughout Surrey lo enable more beneficiaries to be supported in their local area.
HEADWAY SURREY HEAD INJURIES ASSOCIATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 Plans for future perlods Our key strategic prioriti8S For the year 202212023 we continue lo monitor and assess service requirements appropriate lo client needs lo improve outcomes and services across Surrey and adapt lo the challenges all around us, especially the high cost of living and the impact on all. Sustainable centre of excellence forABI support in Surrey Seek to become widely known as the 'go lo, centre for advice and support forABI in Surrey Expand services lo reach dients across the breadth of Surrey, increase numbers of both supported and piivate paying clients, maintain the bursary scheme to support disadvantaged dients. Continue to SUPPDrt and allend ISABINI SurreyAcquired Brain Injury NeMork To continue to raise the profile of Hea(hNay Surrey and brain injury in and around Surrey to increase understanding of ils causes and consequences. To increase service usage and diversify income wlh additional funding. To identify suitable key partners lo form strategic alliances for developing services lo address complex needs, including learning disability, stroke and brain lumours. Cognitive rehabilitation providing support andguidance for living well with brain injury Weekly centre workshop days and 1..1 sessions in the Guildford centre and online. Expanded to accommodate 38 clients per week. To provide services across Surrey to accommodate 48 dients Iweek. Maximise the number of clients being supported lo make best use of available facilities and staffing and drive down cost per head. Provide Helpline, email, text and what's app support. Review, assess and Introdu management KPIS on visitslattendances at ntre/ new clients lo maintain values for our clients from our resources. Community Support - practical support to improve independence and signpost available support. Support for obtaining Brain Injury ID Cards Provision of support for PIP, ESA, Funding assessment meetings. Social and emotional support to reduce loneliness and isolation Drop In Friday Friends monthly in Guildford. Coffee mornings online. Social element lo the regional outreach & support. Focus on Friends of Headway Surrey as a means of reaching out to carers and families. Helpline also available. Structure. govemance and management The charity is a company limited by guarantee, founded in 1985, registered with the Charity Commission in June 1995. Memorandum and Articles were incorporated on 17th November 1994, as amended by speaa resolutions dated 26th April 1995, 11th October 2011 and 27th October 2016. In the evènt of the company being wound up, all the Trustees who are members are required lo contribute an amount of £1. None of the Trustees has any beneficial interest in the company and give their lime freely as volunteers. No trustee received remuneration in the year.
HEADWAY SURREY HEAD INJURIES ASSOCIATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 The Iruslees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were.. R Bowden (Chairl S Casson M Ferguson H M Goatley (Vice Chairl W Glover S Ings MrA Golding B Lowe J Hannah G Dearman L Eccles L Goslling (Retired 1 October 20221 (Retired 1 October 20221 (Appointed 1 October 20221 (Appointed 1 October 20221 (Appointed 1 October 20221 IAppDinled 1 October 20221 (Appointed 1 October 20221 The responsibility of recruiting new Iruslees is the responsibility of the exiling trustees and is mainly through word of mouth and social media. The trustees are responsible for the election of the Charity's Chairman, Secretary and Treasurer. The trustees feel that il is important lo have a diverse Board of Trusteès and a minimum of one survivor of brain injury. All Trustees are subject a minimum of one inletview and a trial period on the Board. DBS check. references. Trustee Skill Audits are carried out every one lo years depending on retiring Trustees. Stsff From 1st April 2022 - 31st December 2022, the charity employed 10 members of staff equivalent to 7 full-time, details are as follows.. 1 Chief Executive Officer- Sonja Freebody 1 Finance and Admin Officer- Maggee Fulleylove 1 Services Coordinator- Chloe Bunce 2 Rehabilitslion Coordinators- Jo Jones Baxter, Rowena Tyler 2 Rehabililalion Assistants- Dave Storer. Lucy Gregory, Julie Weeden 1 ABI Link Worker- Gill Edwards 1 Marketing Assistant- Ella Smith 1 Counsellor- Kal Howard From 1 st January 2023 - 31 st March 2023 the charity employed 10 staff equivalent lo 6 full- lime, details are as follows.. 2 Joint Chief Exècutive Offi¢èrs- Sonja Freebody & Maggee Fulleylove 1 Office Manager- Claire Moore 2 Rehabililalion Coordinators- Jo Jones Baxter, Rowena Tyler 2 Rehabilitation Assistants- Dave Storer, Angela Manrique 2 ABI Link Workers- Gill Edwards & Lucy Gregory 1 Counsellor- Kat Howard The Joint CE05 have overall responsibility for the charity and have spilt their responsibilities between them lo take into account daily operations, ils policjes and strategic development. 10-
HEADWAY SURREY HEAD INJURIES ASSOCIATION LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARGM 2023 The tru5rees' report was 8pproved by the Btsard ofTNsteO8. R Bowd¢n ICh8trl Chalmian Dale.. 11
HEADWAY SURREY HEAD INJURIES ASSOCIATION LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HEADWAY SURREY HEAD INJURIES ASSOCIATION LIMITED I report to the trustees on my examination of the financial stslemenls of Headway Surrey Head Injuries Association Limited (the charity) for the year ended 31 March 2023. Responsibilities and basis of report As the trustees of the charty land also ils directors for the purposes of company lawl you are responsible for the preparation of the finanaal ststemenls in accordance wth the requirements of the Companies Act 20[ (the 2006 Acll. Having satisfied myself that the financial statements of the charity 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 the charity's financial statements carried out under section 145 of the Charities Act 2011 Ilhe 2011 Actl. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examinerfs ststement I have completed my examination. I confimi that no matters have come lo my attention in connection wlh the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act., or the financial stslements do not accord with those records," or the financial statements do not comply with the accounting reqLJirements 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 financial slalements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practi for accounting and reporting by Charities applicable lo charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK aThJ Republic of Ireland IFRS 1021. I have no concems and have come across no other mallers in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the finanaal statements to be reached. Stephen Meredlth FCA DChA Friary Court 13-21 High Street Guildford Surrey GU13DL 2411012023 Dated.. 12-
HEADWAY SURREY HEAD INJURIES ASSOCIATION LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unrestrlcted Restrlcted funds funds 2023 2023 Total Unrestrlcted Restrlcted funds funds 2022 2022 Totsl 2023 2022 Notes Donations and legacies Charitable activities Investments 36,215 122,413 1,557 36,215 157,077 1,557 49,001 120,127 2,390 49,001 153,276 2,390 34,664 33,149 Total income 160,185 34,664 194,849 171,518 33,149 204,667 Raising funds 28,743 28,743 16,323 16,323 Charitable activities 179,550 33,036 212,586 227,781 25.809 253,590 Total expenditure 208,293 33,036 241,329 244,104 25,809 269,913 Net gainslllossesl on investments 11 112,2641 112,2641 11,9991 {1,9991 Net movement in funds 160,3721 1,628 158,7441 174,5851 7,340 167,2451 Fund balances at 1 April 2022 341,026 91,562 432,588 415,611 84,222 499,833 Fund balances at 31 March 2023 280,654 93,190 373,844 341,026 91,562 432,588 The statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. 13-
HEADWAY SURREY HEAD INJURIES ASSOCIATION LIMITED BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Notgs Flxgd assets Tangible assets Investments 13 14 246,639 91,428 247,398 128,692 338,067 376,090 Current assets stocks Debtors Cash at bank and in hand 15 16 32 18,116 50,758 15 12,778 75,231 68,9( 88,024 Creditors: amounts falling due within one year 18 {13,1291 111,5261 Net current assets 55,777 76,498 Total assets less current Ilabllltles 393,844 452,588 Credttors: amounts falllng due after MO than one year 19 120,0001 120,0001 Net assets 373,844 432,588 Income funds Reslricled funds nr strict d funds Designated funds General unrestricted funds Revaluation reserve 21 93,190 91,562 22 93,065 114,728 72,861 134,538 133,627 72,861 280,854 341,026 373,844 432,588 14-
HEADWAY SURREY HEAD INJURIES ASSOCIATION LIMITED BALANCE SHEET (CONTINUED) ASAT31 MARCH 2023 The charitable compAny is entiuod to thg axomplion from the audit requiremerrt Q)rJLdrrl In secllon 477 of tha Comp4niosA¢t 21)06. for the year erided 31 MaiclTr 2023. The TrustÉ*.%. rtirector5. ackt}r18dgQ thèir rvvponaibilitie3 for comptyirwj willi Uiv requlrements of knDanie8 A¢t 2006 re8peGt to afjGounliny r¥wt(Js an(J Ihe pr8patatson ot h"nan81 statements. Tha membèrs have not required the tharitable company to obtain an audll of its ftnanual statements for thè year in question in acrordance section 476. These finaiicittl statem9nts have been prepare(J in ardaTrce with tt)e provisions applitxble lo companies subject to the sfftall compani8$ legime. The financial stslements were approved by the Trustees on...11: 10: LOL3 R Bowden (Chair) TrnGtcc Company reglstration nUmr 2991872 15-
HEADWAY SURREY HEAD INJURIES ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcles Charity infomiation Headway Surrey Head Injuries Asstxialion Limited is a private Company limvced by guarantee incorporated in England and Wales. The registered office is Headway HoLJse, 21 North Road, Guildford. Surrey, GU2 9PU. 1.1 Accountlng conventlon The financial statements have been prepared in accordance with the charity's Igoverning documenll, the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" l°FRS 102.1 and the Charities SORP 'Accounting and Reporting by Charrties.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021" leffective 1 January 20191. The charity is a Public Benefit Enlily as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statanent of Cash Flows. The financial stslemenls are prepared in sterfing, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial slalements have been prepared under the historical cost convention. The principal aOUntIng policies adopted are set out below. 1.2 Golng concern The Trustees have assessed whether the use of the going concern assumption is appropriate in preparing these financial stslemenls. The Trustees have made this assessment In respect of a period of one year from the date of approval of these financial statements. Al the lime of approving the financial stslemenls, the trustees have a reasonable expectation that the charity has adequate resources lo continue in operational existence for the foreseeable future. Thus the Iruslees continue to adopt the going concern basis of accounting in preparing the financial siatements. 1.3 Charitable funds Unreslriclttd funds a available for use at the discretion of the trustees in furtherance of their charitable objectives. Reslricled fvnds are subject to specific conditions by donors as lo how they may be used. The purposes and uses of the restricted funds are set out in the notes to the finanaal statements. 1.4 Income Income is recognised when the charity is legally entitled lo it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance condrtion5 require deferral of the amount. Income lax recoverable in relation to donations received under GiftAid or deeds of covenant is recognised at the lime of the donation. 16-
HEADWAY SURREY HEAD INJURIES ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 A¢¢ounllng poll¢lg$ Icontlnuedl 1.$ Exp8nditurg Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit lo a third paty, It is probable that a transfer of economic benefi15 will be required in selllemenl, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of ea¢h activity are made up of the total of dir1 costs and shared Costs. including support costs involved in undertaking each adivity. Direct ¢osls attribulae lo a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those aclivilEs on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. Support and governance costs are allocated lo charitable activities I850) and fundraising costs 1150/0) to reflect the underlying activity levels. 1.6 Tanglble fixed assets Tangible fixed assets are initially measured at cost and subsequently measured al cost or valuation, nel of depreciation and any impaimient losses. Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their useful lives on the following bases". Leasehold land and buildings Day centre equipment Fixtures and fittings Computers 5 years slraighl-line 5 years slraighl-line 5 years slraighl-line Freehold land is not depreciated. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activib'es. 1.7 Fixed asset investments Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measLJred at fair value at each reporting date. Changes in fair value are recognised in nel incomellexpenditurel for the year. Transaction costs are expensed as incurred. 1.8 Impairment offixed assets Al each reporting end dale, the Charity reviews the carrying amounts of its tangible assets to detemiine whether there is any indication that those assets have suffered an impaimienl loss. If any such indication exists, the recoverable amount of the asset is eslimaled in order to determine the extent of the impaimienl loss lif any). 1.9 Stock5 Stocks are slated al the lower of cost and eslimaled selling pri less costs lo complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incLJrred in bringing the stocks to their present location and condition. Items held for distribution al no or nominal consideration are measured the lower of replacement cost and cost. Nel reali5able value is the estimated selling price less all ests"mated costs of completion and costs to be incurred in marketing, selling and distribution. 17-
HEADWAY SURREY HEAD INJURIES ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 A¢¢ounllng poll¢lg$ Icontlnuedl 1.10 Cash and cash equival8nl$ Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-lerm liquid investments with original malurilies of three month5 or less, and bank overdrafts. Bank overdiafts are shown thin borrowings in current Iiabililies. 1.11 Financial instruments The charty has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of ils financial inslrumenls. Financial instruments are recognised in the charity's balance sheet when the charity becomes paty to the contractual provisions of the inslrumenl. Financial assets and liabilities are offset, wrth the net aTnounls presented In the financial slatemenls, when there Is a legally enforceable right lo set off the recognised amounts and there is an intention lo settle on a net basis or lo realise the asset and setue the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balans, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured al the present value of the future receipts discounted at a market rale of interest. Financial assets classified as receivable within one year are not amortised. BasiTC financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangement conslilules a financing Iransaclion, where the debt instrument is measured al the present value of the future payments discounted at a market rale of interest. Financial liabilities dassified as payable within one year are not amortised. Debt instruments are subsequendy carried al amortised cost, using the effective interest rale method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are ¢la5sified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially al transaction price and subsequendy measured al amortised cost using the effective interest method. Derecognltlon of flnanclal Ilabllltles Financial liabilities are derecognised when the charity's conlradual obligations expire or are dis¢harged or cancelled. 1.12 Employe& bengflts The cost of any unused holiday enlitiement is recognised in the period in which the employee's services are received. Temiinalion benefits are recognised immediately as an expense when the charity is demonstrably committed lo lerminale the employment of an employee or to provide termination benefits. 1.13 Retlrement beneflts Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 1.14 Concgsslonary loans Concessionary loans with no sel repayment date are measured al the amount received, adjusted for any amounts repaid and accrued interest. 18-
HEADWAY SURREY HEAD INJURIES ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 A¢¢ounllng poll¢lg$ Icontlnuedl 1.15 Gov8rnm8nt grants Grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is Intended lo compensatè. Critical accounting estimates and judgements In the applicatlDn of the charity's accounting Policies, the trustees are required to make judgements, estimates and assumptions about the carying amount of assets and liabilities that are not readily apparent from other sources. The eslimales and associated assumpts.ons are based on historical experience and other factors that are considered lo be relevant. Actual iesulls may differ from these eslimales. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting estimates are recognised in the period in which the estimate is revised where the revision affects (nly that period. or in the period of the revision and future periods where the revision affeds both current and future periods. Key sourc8s of estlmatlon uncortalnty Valuatlon of Investments A key accounb'ng estimate is the value at which trustees recognise investments. The risk of misstatement is mitigated by the use of investment managers who publish a portfolio valuation. Listed investments are valued by reference to their market value prevailing al the balance sheet dale. Donations and legacies Unrestricted Unrestricted funds funds general general 2023 2022 Donations and gifts 36,215 49,001 All donations and gifts received in this year and in the previous year were recognised in unrestricted funds. 19-
HEADWAY SURREY HEAD INJURIES ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Charltable actlvltles Charitablg Charitablg Incomg Incom9 2023 2022 Fees receivable Grants Subscriptions 105,067 34,864 17,346 102,789 33,149 17,338 157,077 153,276 Analysis by fund Unrestricted funds- general Restricted funds 122,413 34,664 120,127 33,149 157,077 153,276 Investments Unrestrlcted Unrestricted funds funds general general 2023 2022 Income from listed investments Interest receivable 1,498 59 2,388 1,557 2,390 -20-
HEADWAY SURREY HEAD INJURIES ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Ralslng funds Unrestricted Unrestricted funds funds general general 2023 2022 Fundraisin and ublicit Seeking donations, grants and legacies Advertising Support costs 8,629 443 19,671 290 285 15,748 Fundraising and publicity 28,743 16,323 28,743 16,323 Charltsble actlvltlgs Charltsble Charltabl& Expendlture Expendltur& 2023 2022 Staff costs Community travel Day centre expenses Befriending expenses Helpline and centre 93,889 108,937 156 710 155 1,896 2,201 194 96,284 111,854 Share of support costs (see note 81 Share of governance Costs (see note 81 111,469 4,833 135,176 6,560 212,586 253,590 Analysis by fund Unrestricted funds- general Restricted funds 179,550 33,036 227,781 25,809 212,586 253,590 21
HEADWAY SURREY HEAD INJURIES ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Support costs Support Governance costs costs 2023 Support Governance costs costs 2022 staff costs Depreciation Energy and rates Premises costs Printing, postage and stationery Telecommunications Staff recruitment and training Computer running costs Subscriptions Sundry 103,878 1,261 1,753 5,351 103,878 1,261 1,753 5,351 118,539 1,261 736 4,742 118,539 1,261 736 4,742 492 7,609 492 7,609 639 4,437 639 4,437 1,784 4,626 1,285 2,372 1,784 4,626 1,285 2,372 803 12,528 1,187 5,323 803 12,528 1,187 5,323 Independent Examiners fees Accountancy 2,048 4,369 2,046 4.369 1,640 5,649 1,640 5,649 130,411 8,415 136,826 150,195 7,289 157,484 Analysed beeen Fundraising Charitable activities 18,942 111,469 1,582 4,833 20,524 116,302 15,748 135,176 15,748 141,736 6,560 130,411 6,415 136,826 150,924 6,560 157,484 Governance costs indudes payments to the independent examiner of £2,04612022- £1,640) for independent examination fees. Trustees None of the Iruslees lor any persons connected with them) received any remuneration or benefits from the charity during the year. -22-
HEADWAY SURREY HEAD INJURIES ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 10 Employees Numberofemployèes The average monthly number of employees during the year was.. 2023 Number 2022 Number Chief Executive Finance and Adminislralion Manager Services Co-ordinator Rehabilialion Co-ordinators ExecLJtive Assistsnt Counsellor Rehabilitation Assistant Marketing Assistant ABI link worker 10 Employment costs 2023 2022 Wages and salaries Social security costs Other pension costs 183.359 10,829 3,579 209,435 13,627 4,414 197,767 227,476 There were no employees whose annual remuneration was £60,000 or more. 11 Net galnslllossesl on Investments Unrestricted Unrestricted funds funds general general 2023 2022 Revaluation of investments 112.2641 11,9991 12 Taxation The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable GainsAct 1992 to the extent that these are applied to its charitabje objects. -23-
HEADWAY SURREY HEAD INJURIES ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 13 Tanglble fixed assets Leasehold land and building$ Day Gentre Fixture5 and e4uipment fittings Cornputer5 Totsl Cost or valuation Al 1 April 2022 Additions 245,000 845 10,694 18,169 502 274,708 502 Al 31 March 2023 245,000 845 10,694 18,671 275,210 Depreciation and impaimient Al 1 April 2022 Depreciation charged in the year 845 10,500 78 15,965 1,183 27,310 1,261 Al 31 March 2023 845 10,578 17,148 28,571 Carrylng amount At 31 March 2023 245,000 116 1,523 246,639 Al 31 March 2022 245,000 194 2,204 247,398 Land and bLJildings wth a carrying amount of £245,000 were revalued in September 2018 by a RICS registered independent valuer not connected with the charity on the basis of market value. The valuation conforms lo International Valuation Standards and was based on renI market transactions on arm's length terms for similar properties. Al 31 March 2023, had the revalued assets been carried al historic cost less accumulated depreciation and accumulated impairment losses, their carrying amount would have been approximately £172,139 12022 £172,139). The revaluation surplus is disdosed on the balance sheet. 14 Fixed asset investments Listed investments Cost or valuation Al 1 April 2022 Valuation changes Disposals 128,692 112,2641 125,0001 Al 31 March 2023 91,428 Carrying amount Al 31 March 2023 91,428 Al 31 March 2022 128,692 -24-
HEADWAY SURREY HEAD INJURIES ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 15 Stocks 2023 2022 Finished goods and goods for resale 32 16 Debtors 2023 2022 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 9,263 3,203 5.650 7,909 4,869 18,116 12,778 17 Loans and overdrafts 2023 2022 Other loans 20,000 20,000 Payable after one year 20.000 20,000 The loan of £20,000 from Surrey County Council is unsecured and is for an indefinite period, and will only be repayable in the event of liquidats'on. The loan is interest-free and is measured at the amount received. No repayments have been made nor any interest accrued as none is due. 18 Creditors: amounts falling due within one year 2023 2022 Other tsxation and social security Trade creditors Other creditors Accruals and deferred income 2.513 352 2,034 8,230 4,304 352 1,756 5,114 13,129 11,526 19 Crgdltors: amounts falllng dug after more than ong year 2023 2022 Borrowings 20,000 20,000 -25-
HEADWAY SURREY HEAD INJURIES ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 20 Retlrement beneflt schemes Defined contribution schemes The charity operates a defined Contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charty in an independently administered fund. The charge lo income and expenditure in respect of defined contribution schemes was £3,579 12022 £4.4141. 21 Restrfcted funds The income funds of the charity indude reslricled funds comprising the following unexpended balanS of donations and grants held on trust for specific purposes.. Movement In funds InGome Expenditure BalanGe at 1 April 2022 Movement In funds BalanGe at 1 April 2021 In¢orne Exppndf¢U BalanGe ot 31 March 2023 Fixed asset donations Projects 78,000 6,222 78,000 13,562 78,000 15,190 33,149 125,8091 34.664 133,0361 84,222 33,149 125,8091 91,562 34,664 133,0361 93,190 Fixed asset donations were received for the purchase of fixed assets for continued use by the charity. A balance of £75,000 relates to the Lottery Fund grant for property which is not depreciated and a further £3,000 relates lo a donation towards a new door for the premises. Grants were received from several entities towards specific projects, including the National Lottery. -26-
HEADWAY SURREY HEAD INJURIES ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 22 Deslgnatsd funds Movamant in funds Transfers Expendlture Movamant in funds Balance at Transfers Expendltur Balance at 1 Aprll 2022 8 31 March 2023 Balance at 1 Aprll 2021 Strategic development fund Temporary employee fund Bursary fund Carers Pilot Building project Website redevelopment 136,072 16,0741 129,998 137,2641 92,734 5,774 728 10,740 1,045 116,3311 11,0161 183 757 11831 15311 226 105 105 2,300 15,9001 3,600 3,600 10.100 110,1001 146,174 21,885 133,5211 134,538 2,405 143,8781 93,065 The Strategic Development Fund ISDFI is held for projects which aim to secure and expand the provision of future services and help more people suffering with acquired brain injury. It consists substantially of the charity's Investment portfolio and the gain or loss on the value of investments is Induded wthin ncome or expenditure. The Temporary employee fund, previously the Link Worker fund, provides funding lo fill short term roles that meet the aims of the SDF. If a role becomes permanent, expenditure will then be mel by unreslricled reserves. The Bursary Fund is available for clients undergoing financial hardship, to ensure their continued access to Headway Surrey's services. . The Carers Pilot fund was set up to develop the Carers Survival Toolkit courses. The Building Development fund was estsblished lo research and implement improvements to the Headway building and physical facilities. The Website Development fund was established lo fund improvements in the Headway website and the website facilities. 23 Related party transactions There were no disclosable related paty transactions during the year12022- none). -27-
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