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2023-12-31-accounts

REGISTERED COMPANY NUMBER: 03206788 (England and Wales) REGISTERED CHARITY NUMBER: 1056048

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FOR HEADWAY BASINGSTOKE

Gibson Whitter Chartered Accountants and Chartered Tax Advisers Larch House Parklands Business Park Denmead Hampshire PO7 6XP

HEADWAY BASINGSTOKE

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Page
Report ofthe Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
NotestotheFinancialStatements 8 to 16

HEADWAY BASINGSTOKE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

The Trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The principle objective of Headway Basingstoke is to support people living with brain injury, their carers and families. We operate in the North Hampshire area from our centre at Headway Place in Basingstoke. Our clients are adults aged 18 and over, with no upper age limit, who have suffered traumatic or acquired brain injury during their adult life. This may have resulted from an accident or from a medical condition.

Headway Basingstoke's activities

We provide specialised community-based rehabilitation, re-enablement and support services for our clients and their carers. This support is delivered through the following services:

We offer information, advice and support to ensure carers and families can increase their knowledge and understanding of brain injury and gain confidence in the rehabilitation process. - Support for Professionals We can provide information and advice to clinicians and other professionals working in the field of brain injury. We are happy to work with professionals to promote awareness and help rebuild lives after brain injury. We are open to working in partnership to provide services, support and information.

Public benefit

The Trustees have considered Charity Commission guidance on the provision of public benefit. The Trustees believe that Headway Basingstoke provides a public benefit to clients with a brain injury, their carers, their families and the local community through the services provided to clients. In addition, the services benefit public services like the NHS and Adult Social Services, providing support not offered elsewhere. These services add value to current statutory health and social care services and provide value for money.

Page 1

HEADWAY BASINGSTOKE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

ACHIEVEMENT AND PERFORMANCE

Charitable activities

2023 marked the culmination of the tenth year since Headway Basingstoke’s grant from the Clinical Commissioning Group (CCG), and our service continues to develop and improve, providing life-enhancing programmes for people with brain injuries in our locality.

We started the year with 71 clients and ended with 90. Referrals have come from the hospices and Southampton University Hospital, as well as continued self-referral and via the GP.

Clients benefit in many ways from the start of their journey with us. We have again run several Brain Injury and Me groups, introduction to Brain injury for clients and carers, Fatigue Management groups, as well as continuing with one-to-one Clinical Neuropsychology sessions as required.

Our Horticultural group has been a huge success; it not only improves mental health and wellbeing but has benefits in terms of enhancing dexterity and fine motor functions as well as being fun.

We run a full social programme for clients and their families, including a Coronation Party attended by the Mayor of Basingstoke. This was a huge success and has led to us having more weekend events.

We also hosted an Icelandic delegation who were very keen to see our service and how it runs; they were most impressed with all they saw.

Our recruitment process was successful, and we have two new staff members on the rehabilitation team. We also successfully implemented our staff retention initiative, as well as completing a full and long overdue IT upgrade.

We nominated John Marriage, one of our long-term Trustees and volunteers, for the Headway UK Volunteer of the Year Award, and we are absolutely delighted that he won, which was fully deserved. He was_ presented with his award at the Headway UK Annual Awards Luncheon at the Landmark Hotel in London in December.

The year ended on a sad note as we lost one of our long-term much-loved members, for whom we held a celebration of life service for her family, with all our staff, Trustees, and clients contributing. Sadly, we also lost one of our founder members too, Steve Pennington, who had been with us for over 20 years until his mother passed away and his family moved him to be nearer to them several years ago.

We are immensely grateful for the generous support of our diverse group of donors, whose contributions have been instrumental in advancing our mission during this period. We extend our heartfelt appreciation to Basingstoke and Deane Borough Council, Penningtons Manches Cooper LLP, Tony and Sheila Brooks from The Four Horseshoes (at Long Sutton), Southern Co-op through the Neighbourly Fund, Basingstoke Cribbage League, PayPal Giving Fund, Microsoft, Facebook, Morrisons - Basingstoke, Aldi - Winklebury Way, and B&Q Basingstoke; with a special mention for the teams from Vida Homeloans and the Halifax Mortgage & Protection Team (London, Basingstoke & Guildford) who volunteered to upgrade our fences, gardens, and porta cabin. Your dedication to our cause has empowered us to continue making a positive impact in our community, and we are truly thankful for your unwavering commitment and generosity.

As we step into 2024, we celebrate a decade of collaboration with the CCG, marking ten years since the inception of our partnership. We remain committed to conducting quarterly reviews, while appreciating their continuous availability for guidance and support whenever needed, fostering a robust and enduring working relationship.

On behalf of the Trustees, | would like to thank all our staff and volunteers who go above and beyond for our clients, and a personal thank you to my fellow Trustees.

Evelyn Vincent, Chair of Trustees

Page 2

HEADWAY BASINGSTOKE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

FINANCIAL REVIEW

Financial position

The main source of income for the year is the CCG contract, which provides £267,410 annually. The financial results for the year show a surplus for the year. The unrestricted funds showing on the balance sheet equate to over twelve months’ expenditure, and are well in excess of the trigger value stated in the reserves policy below.The Trustees identified several development projects needed to meet the growing need for support amongst people with brain injuries - existing clients and those currently not being reached. To achieve this, Headway Basingstoke will, in addition to its regular fundraising activities, target specific grant-making and fundraising avenues.

Reserves policy

The reserve policy is to maintain funds to meet at least six month's expenses. This is currently £113,000. Free reserves, calculated as unrestricted less unrestricted fixed assets and designated reserve this amounts to £128,724. See note 17 for more details of designated and restricted funds

A Restricted Fund, as recorded in the notes to the accounts, continues to exist, and there have been some capital and revenue expenses during the current year, depreciation on the capitalised assets will be allocated to the fund over useful life of the assets.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new Trustees

The directors of the company are also charity Trustees for the purposes of charity law. Under the requirements of the Memorandum and Articles of Association the Trustees are elected to hold office at Annual General Meetings. One third of the Trustees must retire at each Annual General Meeting, those longest in office retiring first. Those who retire may be re-elected. All new Trustees are recommended to the board by existing Trustees or associates. Two references are written for and a DBS check is carried out. Trustees are invited to attend a board meeting prior to formal appointment and encouraged to spend time with the Operations Manager and Chair to be introduced to the service. The Board aims to have Trustees representing users, carers, volunteers and staff, so that there are a wide range of views involved in the decision making process.

Trustees are provided with the following information: Companies House Directors and Secretaries Guide Copy of the latest Annual Report and Business Plan Copy of the Memorandum and Articles of Association Copies of policies and procedures Copies of recent Board minutes Any other information deemed relevant or appropriate.

Organisational structure

The Board of Trustees consists of at least 3 individuals. Trustees include users’ representatives, a volunteer representative and a carer's representative so that there is a wide base of representatives involved in decision making. Decisions are made at Board Meetings by a vote.

Day to day responsibility for the provision of the ‘services rests with the Chair, Operations Manager and Clinical lead.

Risk management

The Board of Trustees has conducted a review of the major risks to which the charity is exposed. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. Aside from the financial risks of short term and unsecured contracts, other major concerns involve working with vulnerable adults and lone worker concerns. Each client and workplace undergoes a risk assessment and strategies are put in place to cope with potential identified risks, e.g. what to do if a client has an epileptic fit, is aggressive or leaves the centre during a session.

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HEADWAY BASINGSTOKE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03206788 (England and Wales)

Registered Charity number 1056048

Registered office Headway Place Homefield Way Basingstoke Hampshire RG24 9SP

Trustees Mrs E Vincent (Chair) Ms B Cummins Dr J Marriage Mrs L Vass Mrs B Waller

Company Secretary Mrs L Vass

Operations Manager Mr D Snyman

Clinical Lead Ms R Silva

Independent Examiner Gibson Whitter Chartered Accountants and Chartered Tax Advisers Larch House Parklands Business Park Denmead Hampshire PO7 6XP

Bankers Co-operative Bank Plc Business Direct PO Box 250 Skelmersdale

Approved by order of the Board of Trustees on _Aa|s)20ay and signed on its behalf by: Wie Vigna ; a.

Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HEADWAY BASINGSTOKE

Independent examiner's report to the trustees of Headway Basingstoke (‘the Company’) | report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. | can confirm that | am qualified to undertake the examination because | am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Gavin Whitter

Gibson Whitter

Chartered Accountants and Chartered Tax Advisers Larch House Parklands Business Park Denmead Hampshire PO7Date: 6XPJS| (ae

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HEADWAY BASINGSTOKE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

31.12.23 31.12.22
Unrestricted Restricted Total Total
funds fund funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 275,617 - 275,617 274,397
Charitable activities 5
Centre Services 11,750 - 11,750 -
Other trading activities 3 3,321 - 3,321 4,014
Investment income 4 9,547 - 9,547 3,150
Total 300,235 - 300,235 281,561
EXPENDITURE ON
Charitable activities 6
Centre Services 283,400 12,587 295,987 223,524
NET INCOME/(EXPENDITURE) 16,835 (12,587) 4,248 58,037
RECONCILIATION OF FUNDS
Total funds brought forward 358,813 26,839 385,652 327,615
TOTALFUNDSCARRIEDFORWARD 375,648 14,252 389,900 385,652

The notes form part of these financial statements

Page 6

HEADWAY BASINGSTOKE

BALANCE SHEET
31 DECEMBER 2023
31.12.23 31.12.22
Notes £ £
FIXED ASSETS
Tangible assets 13 5,509 7,386
CURRENTASSETS
Debtors 14 3,164 25,358
Cash at bank and in hand 393,259 360,010
396,423 385,368
CREDITORS
Amounts falling due within one year 15 (12,032) (7,102)
NETCURRENTASSETS 384,391 378,266
TOTAL ASSETS LESS CURRENT
LIABILITIES 389,900 385,652
NETASSETS 389,900 385,652
FUNDS 17
Unrestricted funds 375,648 358,813
Restricted funds 14,252 26,839
TOTALFUNDS 389,900 385,652

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

Thefor issuefinancial on Bels|aoah..statements were rovedandand wereauthorised signed onfor issueits behalfby by:the Board of Trustees and authorised

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The notes form part of these financial statements

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HEADWAY BASINGSTOKE

  1. ACCOUNTING POLICIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

Voluntary income including donations, gifts and legacies and grants that provide core funding or are of a general nature are recognised where there is entitlement, the receipt is probable and the amount can be measured with sufficient reliability.

Income from activities to generate funds, such as Headway Place sales, and investment income are recognised on a receivable basis.

Income from charitable activities includes income received under contract or where entitlement to grant funding is subject to specific performance conditions. Such income is only deferred when:

Volunteers and donated services The value of services provided by volunteers is not incorporated into these financial statements.

Where goods or services are provided to the charity as a donation that would normally be purchased from suppliers, this contribution is included in the financial statements at an estimate based on the value of the contribution to the charity.

Expenditure Expenditure is recognised when a liability is incurred. Contractual arrangements are recognised as goods or services are supplied.

Irrecoverable VAT

All resources expended are classified under activity headings that aggregate all costs related to the category. Irrecoverable VAT is charged against the category of resources expended for which it was incurred. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery - 25% on cost Fixtures and fittings - 25% on cost Computer equipment - 33% on cost

continued...

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HEADWAY BASINGSTOKE

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023

1. ACCOUNTING POLICIES - continued

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charitable company has established a defined contribution pension scheme for employees. Employees who were previously employed by the NHS and have been TUPE'd across remain members of the Defined Benefit Pension Scheme.

2.

DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
31.12.23 31.12.22
£ £
Donations
Grants		 4,795
267,410		 11,933
260,589
Client contributions 3,412 1,875
275,617 274,397
Grants received, included in the above, are as follows:
31.12.23 31.12.22
£ £
CCG 267,410 260,589
OTHERTRADING ACTIVITIES
31.12.23 31.12.22
£ £
Fundraising events 2,107 1,018
Headway Place income 1,214 2,996
3,321 4,014

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HEADWAY BASINGSTOKE

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023

4. INVESTMENT INCOME
31.12.23 31.12.22
£ £
Deposit account interest 45 19
Bond income 9,502 3,131
9,547 3,150
5. INCOME FROM CHARITABLE ACTIVITIES
31.12.23 31.12.22
Grants Activity
Centre Services		 £
11,750		 £
-
Grants received, included in the above, are as follows:
31.12.23 31.12.22
£ £
Basingstoke and Deane Borough Council 11,750 -
6. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see _—costs (see
note 7) note 8) Totals
£ £ £
Centre Services 189,460 106,527 295,987
7. DIRECT COSTS OF CHARITABLE ACTIVITIES
31.12.23 31.12.22
£ £
Staff costs 130,465 76,226
Travel expenses 1,304 522
Other staff costs 1,694 2,202
Client services 55,440 41,246
Benevolent fund 557 -
189,460 120,196
8. SUPPORT COSTS
Governance
Management costs Totals
£ £ £
CentreServices 104,763 1,764 106,527

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HEADWAY BASINGSTOKE

  1. SUPPORT COSTS - continued

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023

Support costs, included in the above, are as follows:

Management
31.12.23 31.12.22
Centre
Services		 Total
activities
£ £
Rent 60,978 60,370
Premises costs 15,702 9,529
Insurance 850 123
Utilities 10,104 7,626
Telephone 4,527 6,305
Postage and stationery 2,632 1,018
Computer costs 1,127 5,453
Sundries 1,368 1,154
Legal and professional fees 1,045 916
Equipment repairs and renewals 1,246 3,728
Affiliation - 155
Depreciation oftangible assets 5,184 5,223
104,763 101,600
Governance costs
31.12.23 31.12.22
Centre
Services		 Total
activities
£ £
Independent examiners fee 1,764 1,728
9. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.12.23 31.12.22
£ £
Depreciation -owned assets 5,184 5,223
Otheroperating leases 60,978 60,370
Independentexaminersfee 1,764 1,728

10. TRUSTEES’ REMUNERATION AND BENEFITS

There were no Trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.

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HEADWAY BASINGSTOKE

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023

10. TRUSTEES’ REMUNERATION AND BENEFITS- continued

Trustees’ expenses

During the year one Trustees (31.12.22: two Trustees) were reimbursed for out of pocket expenses totalling £142 (31.12.22: £217).

Trustees’ donations

During the year no Trustees (31.12.22: one) made donations to the charity totalling ENil (31.12.22: £60).

  1. STAFF COSTS
STAFF COSTS
31.12.23 31.12.22
£ £
Wages and salaries 124 044 73,413
Social security costs 1,119 276
Other pension costs 5,302 2,537
130,465 76,226
The average monthly number ofemployees during the yearwas was as follows:
31.12.23 31.12.22
Charitable 8 5
No employees received emoluments in excess of£60,000.
Pension schemes
The contributions to the scheme are independently administered. The defined contribution pension
payments are drawn out of unrestricted funds and charged to charitable activities.
_COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds fund funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 274,397 - 274,397
Other trading activities 4,014 - 4,014
Investment income 3,150 - 3,150
Total 281,561 - 281,561
EXPENDITURE ON
Charitable activities
Centre Services 218,672 4,852 223,524
NETINCOME/(EXPENDITURE) 62,889 (4,852) 58,037
RECONCILIATION OF FUNDS
Totalfundsbroughtforward 295,924 31,691 327,615

The contributions to the scheme are independently administered. The defined contribution pension payments are drawn out of unrestricted funds and charged to charitable activities.

  1. _COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

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HEADWAY BASINGSTOKE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

12. COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES - COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES - COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES - COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
funds fund funds
£ £ £
TOTAL FUNDS CARRIED FORWARD 358,813 26,839 385,652
13. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
COST
At 1 January 2023 4,107 5,036 8,904 18,047
Additions - 3,307 - 3,307
At 31 December 2023 4,107 8,343 8,904 21,354
DEPRECIATION
At 1 January 2023 3,946 3,777 2,938 10,661
Charge for year 161 2,085 2,938 5,184
At 31 December 2023 4,107 5,862 5,876 15,845
NET BOOK VALUE
At 31 December2023 - 2,481 3,028 5,509
At 31 December2022 161 1,259 5,966 7,386
14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Trade debtors - 21,987
Other debtors 3,164 3,371
3,164 25,358
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Social security and othertaxes 2,505 757
Other creditors 1,866 930
Accrued expenses 7,661 5,415
12,032 7,102

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HEADWAY BASINGSTOKE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

16. ANALYSIS OF NET ASSETS BETWEEN FUNDS

31.12.23 31.12.22
Unrestricted Restricted Total Total
funds fund funds funds
£ £ £ £
Fixed assets 2,481 3,028 5,509 7,386
Current assets 385,199 11,224 396,423 385,368
Current liabilities (12,032) - (12,032) (7,102)
375,648 14,252 389,900 385,652
17. MOVEMENT IN FUNDS
Net
movement At
At 1.1.23 in funds 31.12.23
£ £ £
Unrestricted funds
General funds 113,813 17,392 131,205
Benevolent Fund 10,000 (557) 9,443
Headway Building Fund 235,000 ~ 235,000
358,813 16,835 375,648
Restricted funds
Headfirst appeal 26,839 (12,587) 14,252
TOTAL FUNDS 385,652 4,248 389,900
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General funds
Benevolent Fund		 300,235
-		 (282,843)
(557)		 17,392
(557)
300,235 (283,400) 16,835
Restricted funds
Headfirst appeal - (12,587) (12,587)
TOTALFUNDS 300,235 (295,987) 4,248

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HEADWAY BASINGSTOKE

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023

17. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

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||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |Net|Transfers| |movement|between|At| |At|1.1.22|in|funds|funds|31.12.22| |£|£|£|£| |Unrestricted|funds| |General|funds|199,319|63,087|(148,593)|113,813| |Designated|fund|80,000|-|(80,000)|-| |Emergency|welfare|fund|605|(198)|(407)|-| |Neuro|psychology|pilot|fund|16,000|-|(16,000)|-| |Benevolent|Fund|-|-|10,000|10,000| |Headway|Building|Fund|-|-|235,000|235,000| |295,924|62,889|-|358,813| |Restricted|funds| |Headfirst|appeal|31,691|(4,852)|-|26,839| |TOTAL|FUNDS|327,615|58,037|-|385,652| |Comparative|net|movement|in|funds,|included|in|the|above|are|as|follows:| |Incoming|Resources|Movement| |resources|expended|in|funds| |£|£|£| |Unrestricted|funds| |General|funds|281,561|(218,474)|63,087| |Emergency welfare|fund|-|(198)|(198)| |281,561|(218,672)|62,889| |Restricted|funds| |Headfirst|appeal|“|(4,852)|(4,852)| |TOTAL FUNDS|281,561|(223,524)|58,037|

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The restricted fund derives from the HEADFIRST appeal to raise £150,000 to equip and adapt the premises specifically for Headway purposes. The balance is the amount remaining unspent from the appeal.

The designated fund represents the wind up costs, should it ever come to it, for the charity, including costs such as rent commitments, redundancies and payments of outstanding creditors.

The emergency welfare fund represents support for clients who became homeless during Covid-19. The fund will be spent on clients is most need providing food and other support where these clients only support is from Headway.

The neuro psychology pilot fund represents support for clients who require neuro support. There is a gap in funding from the acute NHS so the fund has been set up to support clients on a case by case basis.

The benevolent fund represents support for clients who became homeless. The fund will be spent on clients is most need providing food and other support where these clients only support is from Headway.

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HEADWAY BASINGSTOKE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

17. MOVEMENT IN FUNDS - continued

The Headway building fund is fund set aside for a bespoke facility building.

18. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2023.

19. ULTIMATE CONTROLLING PARTY

The charitable company is under the control of its members, none of whom individually have control of the company.

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