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
SU￿eY
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 the￿of.
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 a￿sS
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 servI￿s 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 s￿ne$ 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
be￿een 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-t￿peer
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-l￿faCe lo Adult Social Care Teams, Social
prescribing teams, GP ne￿OrkS, 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 V￿rkIng. We play an active part and attend the followng.
SABIN- Surrey Acquired Brain Injury Ne￿ork
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 serVi￿S, 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 ne￿Y 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 serVI￿S 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 serVi￿S 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)rJLdrr￿l In secllon 477 of tha
Comp4niosA¢t 21)06. for the year erided 31 MaiclTr 2023.
The TrustÉ*.%. rtirector5. ackt}r￿18dgQ thèir rvvponaibilitie3 for comptyirwj willi Uiv requlrements of knDanie8
A¢t 2006 re8peGt to afjGounliny r¥wt(Js an(J Ihe pr8patatson ot h"nan￿81 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 a￿rdaTrce 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 nUm￿r 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 a￿OUntIng
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 dir￿1 costs and
shared Costs. including support costs involved in undertaking each adivity. Direct ¢osls attribula￿e 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 balan￿s, 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 be￿een
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 re￿nI 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 balan￿S 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).
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