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2022-03-31-accounts

Registered number: 03731392 Charity number: 1075338

HEADWAY SUFFOLK LTD

(A Company Limited by Guarantee)

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

HEADWAY SUFFOLK LTD

(A Company Limited by Guarantee)

CONTENTS

Pages
Reference and Administrative Details of the Company, its Trustees and Advisers 1
Chairman's Statement 2
Trustees' Report 3 - 10
Independent Auditor's Report on the Financial Statements 11 - 14
Statement of Financial Activities 15
Balance Sheet 16 - 17
Statement of Cash Flows 18
Notes to the Financial Statements 19 - 34

HEADWAY SUFFOLK LTD

(A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022

Trustees Owen Thurtle, Chair
Timothy Lockington (appointed 22 March 2022)
Terence Hunt (resigned 27 October 2021)
Roy Dunnett (resigned 10 September 2021)
Tom Cook (resigned 6 September 2021)
Humphry Adair
Gayle Fogg-Elliot
Gordon Watling (appointed 6 September 2021)
Timothy Humpage
Sajid Alam (resigned 9 March 2022)
Carole Almond
Alec Charnley
Hazel Chittock
Susan Smith
Richard Foyster (appointed 21 April 2021)
Company registered
number
03731392
Charity registered
number
1075338
Registered office
Epsilon House
West Road
Ipswich
IP3 9FJ
Website
www.headwaysuffolk.org.uk
Chief Executive Officer
Helen Fairweather
Independent auditor
Scrutton Bland LLP
Chartered Accountants
Fitzroy House
Crown Street
Ipswich
Suffolk
IP1 3LG
Bankers
Barclays, Saffron Building Society, COIF, Lloyds Bank, CAF and Charity Bank

Page 1

HEADWAY SUFFOLK LTD (A Company Limited by Guarantee)

CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2022

The chairman presents his statement for the year.

Each year, around 350,000 people are admitted to hospital in the UK with a brain injury of some sort, whether traumatic, vascular or degenerative. Most of these people will require some form of short or long term support or rehabilitation. Headway Suffolk recognises this and is committed to providing a wide range of support and rehabilitation services throughout Suffolk to ensure that those in our County who are affected by a wide range of Neurological Conditions, have services and facilities available to help and support them.

It is still a major challenge to procure adequate funding to enable us to provide our services, this is due to the financial inability of Local Authorities and National Government departments to provide adequate support for clients who have been used to reliance on these sources in the past to provide adequately funded care. The continuing reduction in benefits to those most vulnerable is creating great hardship. The rise in the Minimum wage and increase in general costs and the demand for ever higher quality service means that finances are always under strain; however, we are grateful for grants which have helped us to continue services this year, and purchase good supplies of PPE, and we note that there is a rise in the payments we can expect from Suffolk County Council (SCC) in the next year although we fear this will not reflect the rise in inflation we can expect.

Headway Suffolk was affected, like the rest of the country during 2021/22 by the Covid 19 pandemic. Our Ipswich hub never closed but numbers were very low. These have increased during this financial year to pre Covid numbers. Our Bury St Edmunds hub is open 3 days a week rather than 5 pre Covid. We are gradually building up numbers. For the moment we have not been able to continue to operate our Satellite services.

A large amount of time and money was spent in keeping our services Covid 19 safe and secure through the provision of PPE and also screens, fogging machines zoning of the premises, and extra cleansing facilities. This was a significant extra burden for our staff, as their work did not allow them to retreat to home working.

In spite of these difficulties I am pleased to report that Headway Suffolk has continued to recruit new Trustees with a wide range of experience and ability to guide the Charity to a sustainable future; these have included relations of clients making use of Headway Suffolk’s services and an ex-employee of the Charity.

The Charity has also continued to recruit new staff who provide a high quality of service; however this remains a big challenge as we are required to ensure continuing higher standards of commitment and qualifications for staff while being limited in our ability to pay realistic wages when compared with commercial employers. The Charity continues to provide regular training to its staff, and Zoom has enabled some of that training to happen in a place convenient to staff, namely their homes.

I am very proud of the standard of service that our dedicated and hardworking staff team continue to provide during the pandemic ensuring our clients are safe and well during these very challenging times.

The future remains challenging but I remain confident that Headway Suffolk will continue to address the needs of those who require our services and that the Charity is well served by staff and trustees to ensure a continuing exciting and progressive future.

O Thurtle - Chairman Date:

Page 2

HEADWAY SUFFOLK LTD

(A Company Limited by Guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2022

The Trustees present their annual report together with the audited financial statements of Headway Suffolk for the year 1 April 2021 to 31 March 2022.

The Directors, who are also referred to as Trustees, are pleased to present their annual report together with the accounts and financial statements of the Charity for the year ended 31 March 2022 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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).

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities including public benefit

The Objectives of the Charity are:

The vision that shapes our annual activities remains the promotion of a comprehensive understanding of the devastating effects of brain injury along with the provision of the most advantageous care and support to those affected and is guided by the following Values Statement:-

Headway Suffolk

Page 3

(A Company Limited by Guarantee)

HEADWAY SUFFOLK LTD

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Activities

Social Rehabilitation

Headway Suffolk is able to offer social day rehabilitation to clients with a wide range of neurological conditions at our main hubs in Ipswich and Bury St Edmunds. After assessment clients are able to engage in a wide range of activities to suit their needs. This may include, art and craft, basic skills, living skills, IT, music and drama in addition to physical activities provided by regular visits to the local outside Gym together with working on our own allotment to produce some of the food used in our teaching kitchen at Ipswich. All these activities are instrumental in assisting clients to achieve their short and long term goals.

Food parcels

As our clients struggled to shop during the pandemic and to purchase food, Headway Suffolk registered as a food bank and delivered food on a weekly basis. Extra hampers were delivered at Christmas. The Charity also cooked and delivered its own ready meals, as such products could not be purchased during the first lockdown, after approval of our cooking facilities. These service continue as well as bags of toiletries, free duvets, blankets, heaters and sleeping bags.

Home Care - Community Support

The Charity continues to support people in their own home, helping them with personal care, taking medication and daily living tasks. In addition, they have supported them to take part in leisure activities, to attend health care appointments and to follow hobbies. For some clients we give 24-7 care. Headway Suffolk Home Care team are inspected by the Care Quality Commission ('CQC') and were given a rating of GOOD at the last inspection which took place in June 2018.

Transport

During the last 12 months Headway Suffolk has maintained its in house transport fleet of 5 Minibuses. The lease on the fleet of 17 small cars Suzuki Ignis enable Home Care and Hub staff to safely transport clients to individual activities instead of using their personal vehicles over which the Charity do not have control. All Headway Suffolk vehicles are fitted with safety and monitoring equipment which enable Managers to constantly monitor legal compliance and tracking ability to help keep clients and staff safe.

Brainy Dogs

This project continues to form a valuable part of the services that we offer and still attracts interest and funding from a variety of sources including a further grant from the Big Lottery during the year. The project gives our service users the ability to acquire a companion dog of their own or to have regular contact with the dogs in training at the centre. Our Brainy Dog staff also do home visits to individuals and in the community. It provides the opportunity for regular exercise for our service users by taking a dog for a walk and importantly provides companionship for service users who live alone.

Clinical Therapies

We have a team of physiotherapists, occupational therapist and mental health nurse. As well as providing one to one support the therapists deliver dementia groups, understanding brain injury courses, and carers support groups. The service is currently part funded by the Brompton Trust and core funding.

Campaigning

During the last year Headway Suffolk has continued to provide education in all aspects of brain injury to local schools, local authority, healthcare, police departments and the local prison service.

Page 4

HEADWAY SUFFOLK LTD

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Our CEO meets regularly with Suffolk County Councillors from all parties, writes to all District, Borough and Parish Councillors on a regular basis and is in contact with all Suffolk's MPs so that they understand the needs of our clients and the work that Headway Suffolk carries out. Useful contacts have also been formed with the Suffolk High Sheriff and the County Lord Lieutenant.

We again held a Neurological Conference, attracting 253 participants, who attended a virtual conference. This was very well received and yielded a profit to the society.

Achievements and performance

The financial review and statement of financial affairs shown later in the Annual Report provides a detailed picture of the financial performance of the charity. 2021/22 was another busy year for the Charity with many challenges but with good progress on many fronts.

Headway Suffolk was awarded the Suffolk Award by the High Sheriff for outstanding work during the Covid Pandemic. Three staff were awarded High Sheriff award for their work during Covid 19

Standards

During the last year the Charity maintained its compliance with CQC and Headway UK Governance Standards which assists in bringing continuing confidence and recognition from funders and other professional bodies.

CRM System

The integrated CRM system continues to provide important information enabling staff to monitor and organise activities and is proving useful in all aspects of management of the Charity, recording and retrieving important statistics and information on performance of the two main centres and the satellites. It is also a very important tool in the implementation and administration of our Home Care Service.

GDPR

To enable compliance with the requirements imposed by the introduction of the new General Data Protection Regulations in May 2018. All Email and Office software systems have now been switched over to Microsoft Office 365, dedicated tablets and or laptops have been provided to all staff to ensure personal devices are no longer required for any Headway Suffolk communications. This ensures better security of information used and a common system with regularly updated and compliant office communication.

Volunteers Value

The value of volunteers is difficult to quantify but volunteers contribute in many ways to the running of the Charity both in the centres as volunteer support to permanent staff, together with various other external activities. We continue to value our volunteers as an essential part of our operations.

Training

Headway Suffolk now has a respected internal training department which ensures all staff reach their full potential. All care staff are qualified to level 2 in care with 90% trained to level 3. All staff receive training in first aid and manual handling by our qualified in house trainers. We have developed a partnership with a local commercial company to deliver e-learning to our staff on a range of topics. This training is also available and attended by some Trustees who had a virtual training day

Page 5

(A Company Limited by Guarantee)

HEADWAY SUFFOLK LTD

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Public Benefit

The Trustees confirm that they have referred to the Charity Commission's general guidance on public benefit when reviewing the Charity's aims, objectives and operations. They are of the opinion that the provision of a range of services, free at the point of delivery, enables Headway Suffolk to meet its obligation to provide public benefit.

These services include the provision of information to local organisations, raising the awareness of brain injury in the County. The provision of Drop-in Advice and Support Groups for service users and their families including access to the in house Counselling service.

Provision of work experience to college and university students, apprenticeships and placements have taken place in a Covid safe manner.

Financial review

Overview

During the year operating income and expenditure have both seen a significant decrease compared with last year, this is due mainly to the Covid-19 pandemic which meant that our centres had to be temporarily closed or open at a significantly reduced capacity. However, the significant increase in grants and donations throughout the year have meant the Charity has not been adversely affected financially.

The services we provide have continued to improve and expand slowly and we continue to provide a high level of training to our staff. Our transport fleet generates a significant expenditure but is necessary due to the unwillingness of the local authority social services to fund essential transport for the majority of our clients. At the same time we are offered care rates by social services which do not fully cover the costs and the shortfall has to be funded from other sources to keep a healthy balance and ensure we do not drive people away due to funding difficulties.

Income

Our Income has seen a decrease during the year to £1,459,012 from £1,809,203 last year. However, it is important to note that Centre Attendance Fees have increased significantly to £319,144 from £189,316 reflecting the continued recovery from the impact of Covid-19 within the Centre Hubs, the Community Support fees have seen an increase from £617,059 to £635,868. The other main stream of income, not directly within our control, is Grants and Donations. This year Grants and Donations amount to £438,256 a significant decrease from last year. The majority of this income (£306,828) is Restricted Income, i.e. tied to specific expenditure not normally available for general revenue purposes.

Expenditure

Charitable activities expenditure has seen an increase of £8,874 over last year. Costs incurred on the property project over the past few years were impaired in 2020/21 due to the pandemic leading to a postponement and subsequent change of plan with regard to the future property strategy and these were shown as other expenditure in the prior year.

Balance Sheet

Debtors & Creditors - The Finance group monitors all income and expenditure on a monthly basis and particularly focuses on Debtors and Creditors to ensure this does not become a problem. The Mortgage on our Epsilon House Property is the Charity's only long-term Creditor and the sum outstanding on it has reduced by a further £64,692 to £286,257, in addition the Finance Agreement on the fleet cars has an outstanding balance of £164,442. The reduction in the amounts due relating to the mortgage is due to the decision during the year to

Page 6

(A Company Limited by Guarantee)

HEADWAY SUFFOLK LTD

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

pay off £50,000 extra.

Our Net Assets amount to £953,300 or 75% of our Annual Expenditure. They include the unexpended Restricted Funds and the net value of our premises [Epsilon House].

Balances are held at six different banks so that the guarantee for such funds is not exceeded. The payroll has thus to be sourced from more than one bank as it averages £89,562 a month, which is above the guarantee limit.

£259,719 worth of Restricted Funds have been expended during the year leaving £134,091 at the year end, in comparison with the £86,982 remaining unspent from previous years.

Risk Assessment, Reserves and Investment Strategy

The Trustees and the CEO are conscious that revenue is difficult to predict, but reserves need to be kept at a realistic level to enable the Charity to function effectively and they consider that at least 3 months operational reserves should be held and available at all times for this purpose and have a risk management strategy which comprises:

Through the risk management processes established for the Charity the Trustees are satisfied that any major risks identified have been adequately mitigated where necessary. It is recognised that the systems in place can only provide reasonable but not absolute assurance that all major risks have been adequately managed. The overall financial situation continues to be at a sustainable level to enable the Charity to continue with present projects and services, even though external funding is increasingly difficult to guarantee long-term. The Trustees continue to believe the strategy of building and maintaining reserves for the future to a realistic level is the correct one to enable the charity to continue with its work into the foreseeable future, and this is reflected in the overall value of reserves shown on the balance sheet. However it should be noted that the majority of this has been accumulated over the years from grants, donations and legacies and is NOT accrued from revenue income which continues to be very difficult to obtain at a realistic level.

In common with many other Charities, Headway Suffolk continues to face continuing long-term uncertainty and difficulty in sourcing and competing for external funds. The Trustees continue to consider it prudent to maintain sufficient liquid assets to enable the charity to function correctly. Consequently the Charity’s funds, both restricted and unrestricted, are still held in accessible cash form as any rewards from short term investment still currently produce meagre returns. The funds are not considered excessive in the context of total expenditure. The Finance team regularly monitors the amounts held in current and investment accounts and authorises regular transfers to maximise interest with security. The reserves and investments are reviewed annually and require the Charity to maintain sufficient assets to cover operating costs. The Trustees actively monitor and review on a regular basis the major operational and business risks which the charity faces and put into operation policies and actions to reduce known risks where appropriate.

The free reserves of the Charity equate to £303,541. This is in line with the current policy of maintaining reserves equivalent to 3 months of operational expenditure. During 2022/23 we will review the free reserves policy in light of the experience of the past 16 months

Page 7

(A Company Limited by Guarantee)

HEADWAY SUFFOLK LTD

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Future Plans

Ipswich Housing Project

During the year the Trustees decided to start talking with Ipswich Borough Council again regarding the housing project. We hope that Ipswich Borough Council will build this and rent it to Headway Suffolk for 25 years.The estimated completion date is 2024.

Day Centre Attendance

Efforts continue to seek to increase day centre attendance both at Ipswich and Bury St Edmunds to maximise on the resources and facilities available, to provide additional services and facilities and to continue in the establishment of Satellite Centres to enable us to provide a true county wide service to people with an acquired neurological condition.

Home Care

This is an area that continues to have ongoing potential and that Headway Suffolk is ideally placed to take over the specialist care required to ensure our service users are able to lead sociably acceptable lives. This service will be gradually expanded in the future as demand and resources permit. It is recognised that this is a much needed specialist service for clients with a wide range of neurological conditions.

Structure, governance and management

Constitution

Headway Suffolk is constituted under the Companies Act 2006 (Registered No 03731392) and is limited by guarantee. It is governed according to the provisions contained in the Memorandum and Articles of Association, dated 22 February 1999.

Trustees

A list of Trustees during the year and to the date of this report is included on page 1.

Appointment of Trustees

Voting members are entitled to nominate individuals to stand for election to the Board of Trustees. Nominees are elected by ballot at the Annual General Meeting for a period of three years. All retiring members are eligible to stand for re-election at the end of the three year appointment.

The Articles of Association allow a minimum number of 3 and a maximum number of 15 on the Board of Trustees.

The Board of Trustees may Co-opt additional members to the Board within minimum & maximum numbers, any such Co-opted members are eligible to stand for election by members at the next AGM.

Trustee Induction and Training

New Trustees undergo a comprehensive induction to make them aware of their legal obligations under charity law, the content of the Memorandum and Articles of Association, the structure and governance of the Charity as well as policies and procedures, their obligations under the Trustees Code of Conduct, the current business plan and budget together with details of recent financial performance. Trustees are also regularly updated by the Chair and CEO with relevant information from the Charity Commission and the Rules of Affiliation with Headway Suffolk UK.

Page 8

HEADWAY SUFFOLK LTD

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Tax Status

The Company is a Registered Charity No. 1075338, and is potentially exempt from Corporation Tax & Income Tax.

Organisation

The Trustees conduct much of the routine business of the Charity by various Action Groups appointed from board members to meet as and when appropriate. During the current year the following action groups were established and have met at appropriate times during the year. Governance, Finance, Housing, Data Protection, Operations & Projects groups. All subsequent decisions agreed at action group meetings being modified accepted or rejected at Main Board meetings.

Regular Management meetings with the Chairman, Board Members & The Chief Executive are held to ensure application of policies and procedures and to promote the smooth running of the Charity.

Main Board Meetings

The Board of Trustees meets 12 times per year to discuss all aspects of the Charity's business and to carry out its legal obligations. All Board meetings in 2021/22 have been on Zoom due to Covid 19.

Capacity of Trustees

All members of the Board of Trustees exercise their authority in the capacity as directors under the relevant companies legislation and as trustees of the Charity. Given the Company’s charitable status the term “Trustee” rather than “Director” is used throughout.

Trustees' liability insurance

Headway Suffolk has maintained insurance during the year for Trustees against liabilities in relation to their duties as Trustees.

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the

Page 9

HEADWAY SUFFOLK LTD

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditor

Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that:

Approved by order of the members of the board of Trustees and signed on their behalf by:

................................................ Owen Thurtle Chair of Trustees

Date:

Page 10

(A Company Limited by Guarantee)

HEADWAY SUFFOLK LTD

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF HEADWAY SUFFOLK LTD

Opinion

We have audited the financial statements of Headway Suffolk Ltd (the 'Charitable Company') for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Charitable Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charitable Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page 11

HEADWAY SUFFOLK LTD (A Company Limited by Guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF HEADWAY SUFFOLK LTD (CONTINUED)

Other information

The Trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Auditor's Report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the Charitable Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

Page 12

(A Company Limited by Guarantee)

HEADWAY SUFFOLK LTD

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF HEADWAY SUFFOLK LTD (CONTINUED)

Responsibilities of Trustees

As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of the Charitable Company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the Charitable Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Charitable Company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial experience and through discussions and enquiries of Trustees and management. During the engagement team briefing, the outcomes of these discussions were shared with the team, as well as consideration as to where and how fraud may occur in the Charitable Company.

The following laws and regulations were identified as being of significance to the Charitable Company: • Those laws and regulations considered to have a direct effect on the financial statements including UK financial reporting standards, taxation regulations and the Charities Act 2011; and

• The Charitable Company is subject to many other laws and regulations where the consequences of noncompliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation. We identified the following areas as those most likely to have such an effect: health and safety, safeguarding, human rights and employment law and GDPR compliance.

Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) comprised of: enquiries of management and those charged with governance as to whether the Charitable Company complies with such regulations; enquiries of management and those charged with governance concerning any actual or potential litigation or claims, inspection of relevant legal documentation, review of board minutes, testing the appropriateness of entries in the nominal ledger, including journal entries and the performance of analytical procedures to identify any unexpected movements in account balances which may be indicative of fraud.

However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the Charitable Company's controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).

Page 13

(A Company Limited by Guarantee)

HEADWAY SUFFOLK LTD

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF HEADWAY SUFFOLK LTD (CONTINUED)

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's Report.

Use of our report

This report is made solely to the Charitable Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Charitable Company's members those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charitable Company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Adam Smith (Senior Statutory Auditor)

for and on behalf of

Scrutton Bland LLP

Chartered Accountants Statutory Auditor Fitzroy House

Crown Street Ipswich Suffolk IP1 3LG

Date:

Page 14

HEADWAY SUFFOLK LTD

(A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022

Notes
Income from:
Donations and grants
2
Charitable activities
3
Fundraising activities
4
Investments
5
Other income
6
Total income
Expenditure on:
Charitable activities
9
Other expenditure
11
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2022
£
131,428
955,013
9,217
650
55,876
1,152,184
1,187,666
-
1,187,666
(35,482)
854,691
(35,482)
819,209		 Restricted
funds
2022
£
306,828
-
-
-
-
306,828
259,719
-
259,719
47,109
86,982
47,109
134,091		 Total
funds
2022
£
438,256
955,013
9,217
650
55,876
1,459,012
1,447,385
-
1,447,385
11,627
941,673
11,627
953,300		 Total
funds
2021
£
939,926
806,375
8,044
152
54,706
1,809,203
1,438,511
94,548
1,533,059
276,144
665,529
276,144
941,673

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 19 to 34 form part of these financial statements.

Page 15

HEADWAY SUFFOLK LTD (A Company Limited by Guarantee) REGISTERED NUMBER: 03731392

BALANCE SHEET AS AT 31 MARCH 2022

Notes
Fixed assets
Tangible assets
14
Current assets
Debtors
15
Cash at bank and in hand
23
Creditors: amounts falling due within one
year
16
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more
than one year
17
Net assets
Charity funds
Restricted funds
18
Unrestricted funds
18
Total funds		 228,638
499,047
727,685
(169,107)		 2022
£
801,924
801,924
558,578
1,360,502
(407,202)
953,300
134,091
819,209
953,300		 228,692
531,526
760,218
(157,560)		 2021
£
835,463
835,463
602,658
1,438,121
(496,448)
941,673
86,982
854,691
941,673

Page 16

HEADWAY SUFFOLK LTD (A Company Limited by Guarantee) REGISTERED NUMBER: 03731392

BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2022

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

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

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

................................................

Owen Thurtle (Chair of Trustees) Date:

The notes on pages 19 to 34 form part of these financial statements.

Page 17

HEADWAY SUFFOLK LTD

(A Company Limited by Guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022

Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Interest received
Proceeds from the sale of tangible fixed assets
Purchase of tangible fixed assets
Net cash (used in)/generated from investing activities
Cash flows from financing activities
Repayments of borrowings
Repayments of finance leases
Net cash used in financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2022
£
66,061
650
-
(5,157)
(4,507)
(64,692)
(29,341)
(94,033)
(32,479)
531,526
499,047		 2021
£
357,686
152
70,254
(23,050)
47,356
(13,974)
(67,452)
(81,426)
323,616
207,910
531,526

The notes on pages 19 to 34 form part of these financial statements

Page 18

(A Company Limited by Guarantee)

HEADWAY SUFFOLK LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Headway Suffolk Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

1.2 Going concern

The financial statements have been prepared on a going concern basis.

The hub re-opened fully in the year and the operation of home care services was maintained.

The Charity has prepared budgets and forecasts which indicate that the Charity will be able to continue to meet its liabilities as they fall due and continue to trade for the foreseeable future, being at least twelve months from the date of approval of these financial statements.

1.3 Company status

The Charity is a company limited by guarantee. The members of the Charity are the Trustees named on page 1. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity.

1.4 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income for attendance fees and associated income and income for home care fees are recognised based on the dates of attendance.

Grants and donations are accounted for at the date of receipt, unless they are subject to conditions being met. Grants and donations given for a specific purpose are shown as restricted income in the Statement of Financial Activities.

Income from other sources is accounted for in the year in which it is receivable.

Page 19

(A Company Limited by Guarantee)

HEADWAY SUFFOLK LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. Accounting policies (continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated to the applicable expenditure headings.

Charitable activities and governance costs are costs incurred on the company's educational operations, including support costs and costs relating to the governance of the company apportioned to charitable activities.

All expenditure is inclusive of irrecoverable VAT.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.

1.6 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of Financial Activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of Financial Activities as the related expenditure is incurred.

1.7 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

1.8 Tangible fixed assets and depreciation

Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Assets in the course of construction are included at costs incurred to date. Depreciation on these assets is not charged until they are brought into use.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined to be the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 20

(A Company Limited by Guarantee)

HEADWAY SUFFOLK LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. Accounting policies (continued)

1.8 Tangible fixed assets and depreciation (continued)

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following bases:

Donated assets provided for use by the Charity are capitalised in the financial statements at their estimated market value.

1.9 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any discounts due.

1.10 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.11 Creditors

Creditors are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any discounts due.

1.12 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.13 Finance leases and hire purchase

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors, net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Statement of Financial Activities so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Page 21

(A Company Limited by Guarantee)

HEADWAY SUFFOLK LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. Accounting policies (continued)

1.14 Operating leases

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

1.15 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

1.16 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

2. Income from donations and grants

Unrestricted
funds
2022
£
Donations
124,058
Grants
-
Coronavirus job retention scheme income
7,370
131,428
Total 2021
467,968		 Restricted
funds
2022
£
-
306,828
-
306,828
471,958		 Total
funds
2022
£
124,058
306,828
7,370
438,256
939,926		 Total
funds
2021
£
411,133
471,958
56,835
939,926

Page 22

(A Company Limited by Guarantee)

HEADWAY SUFFOLK LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

3. Income from charitable activities

Unrestricted
funds
2022
£
Attendance and support fees
955,013
Total 2021
806,085		 Restricted
funds
2022
£
-
290		 Total
funds
2022
£
955,013
806,375		 Total
funds
2021
£
806,375
4. Income from fundraising activities
Income from fundraising events
Unrestricted
funds
2022
£
Fundraising activities
9,217
Total 2021
8,044
5.
Investment income
Unrestricted
funds
2022
£
Interest receivable
650
Total 2021
152		 Total
funds
2022
£
9,217
8,044
Total
funds
2022
£
650
152		 Total
funds
2021
£
8,044
Total
funds
2021
£
152

Page 23

HEADWAY SUFFOLK LTD

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

6. Other incoming resources

Transport income
Lunch income
Miscellaneous Income
Profit on sale of tangible fixed assets
Total 2021		 Unrestricted
funds
2022
£
31,810
17,904
6,162
-
55,876
54,706		 Total
funds
2022
£
31,810
17,904
6,162
-
55,876
54,706		 Total
funds
2021
£
15,089
10,223
2,944
26,450
54,706

7. Direct costs

Unrestricted
funds
2022
£
Property and office
95,577
Services
84,955
Staff training and recruitment
6,693
Wages and salaries
857,831
National insurance
70,548
Pension cost
24,078
Depreciation
35,076
1,174,758
Total 2021
974,892		 Restricted
funds
2022
£
40,310
6,044
693
202,191
4,898
1,964
3,620
259,720
450,511		 Total
funds
2022
£
135,887
90,999
7,386
1,060,022
75,446
26,042
38,696
1,434,478
1,425,403		 Total
funds
2021
£
162,018
89,664
10,156
1,032,954
70,397
23,273
36,941
1,425,403

Page 24

(A Company Limited by Guarantee)

HEADWAY SUFFOLK LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

8. Governance costs

Unrestricted
funds
2022
£
Auditor's remuneration and management fees
7,496
Wages and salaries
5,413
12,909
Total 2021
13,108		 Total
funds
2022
£
7,496
5,413
12,909
13,108		 Total
funds
2021
£
8,150
4,958
13,108

9. Analysis of expenditure on charitable activities

Unrestricted
funds
2022
£
Direct costs and expenditure on governance
1,187,666
Total 2021
988,000
Summary by expenditure type
Staff costs
2022
Depreciation
2022
£
£
Direct costs and expenditure on
governance
1,166,921
38,696
Total 2021
1,131,582
36,941		 Restricted
funds
2022
£
259,719
450,511
Other costs
2022
£
241,768
269,988		 Total
funds
2022
£
1,447,385
1,438,511
Total
funds
2022
£
1,447,385
1,438,511		 Total
funds
2021
£
1,438,511
Total
funds
2021
£
1,438,511

Page 25

HEADWAY SUFFOLK LTD

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

10. Net income/(expenditure)
2022 2021
£ £
This is stated after charging:
Depreciation of tangible fixed assets - owned by the Charity 38,696 36,941
Auditor's remuneration - audit services to the Charity 6,600 5,850
Operating lease rentals - plant and machinery 6,212 6,528
Operating lease rentals - land and buildings 21,500 21,500

11. Other expenditure

Unrestricted
funds
2022
Total
funds
2022
£
£
Impairment of assets under construction
-
-
Total 2021
94,548
94,548
Staff costs
2022
£
Wages and salaries
1,065,434
Social security costs
75,446
Contribution to defined contribution pension schemes
26,041
1,166,921
The average number of persons employed by the Charity during the year was as follows:
2022
No.
Average monthly number of employees
59		 Total
funds
2021
£
94,548
2021
£
1,037,912
70,397
23,273
1,131,582
2021
No.
62

12. Staff costs

Page 26

(A Company Limited by Guarantee)

HEADWAY SUFFOLK LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

12. Staff costs (continued)

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2022 2021
No. No.
In the band £70,001 - £80,000 1 1

13. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits for their qualifying services to the Charitry. (2021 - £NIL).

During the year ended 31 March 2022, no Trustee expenses have been incurred (2021 - £NIL).

Page 27

(A Company Limited by Guarantee)

HEADWAY SUFFOLK LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

14. Tangible fixed assets

Cost
At 1 April 2021
Additions
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021
Debtors
Due within one year
Trade debtors
Other debtors
Prepayments		 Long-term
leasehold
property
£
654,034
-
654,034
41,176
-
41,176
612,858
612,858		 Motor
vehicles
£
355,087
-
355,087
132,482
38,696
171,178
183,909
222,605		 Fixtures and
fittings
£
29,571
5,157
34,728
29,571
-
29,571
5,157
-
2022
£
84,868
100,015
43,755
228,638		 Total
£
1,038,692
5,157
1,043,849
203,229
38,696
241,925
801,924
835,463
2021
£
103,339
79,883
45,470
228,692

15. Debtors

Page 28

HEADWAY SUFFOLK LTD

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

16. Creditors: Amounts falling due within one year

Bank loan
Obligations under finance lease and hire purchase contracts
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 2022
£
14,156
29,341
46,071
23,624
5,640
50,275
169,107		 2021
£
18,943
29,341
17,610
21,208
5,987
64,471
157,560

The bank loan is secured on the long leasehold property and they are repayable by instalments at an interest rate of 2.6% above base rate per annum.

Obligations under hire purchase contracts due within one year are secured against the assets to which they relate.

17. Creditors: Amounts falling due after more than one year

Bank loan
Net obligations under finance lease and hire purchase contracts
Included within the above are amounts falling due as follows:
Between one and two years
Bank loan
Between two and five years
Bank loan
Over five years
Bank loan		 2022
£
272,101
135,101
407,202
2022
£
14,757
48,406
208,938		 2021
£
332,006
164,442
496,448
2021
£
24,443
77,410
230,153

The bank loan which is due for repayment after more than five years is repayable by equal instalments.

Page 29

(A Company Limited by Guarantee)

HEADWAY SUFFOLK LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

18. Statement of funds

Statement of funds - current year


Unrestricted funds
Designated funds
Property (less mortgage)
Futute Premises
Therapists
Vehicles
Mental Health Nurse
General funds
General Funds - all funds
Total Unrestricted funds
Restricted funds
Restricted Funds - all funds
Total of funds		 Balance at 1
April 2021
£
261,909
135,452
60,000
30,000
40,000
527,361
327,330
854,691
86,982
941,673		 Income
£
-
-
-
-
-
-
1,152,184
1,152,184
306,828
1,459,012		 Expenditure
£
-
-
-
-
-
-
(1,187,666)
(1,187,666)
(259,719)
(1,447,385)		 Balance at
31 March
2022
£
261,909
135,452
60,000
30,000
40,000
527,361
291,848
819,209
134,091
953,300

Page 30

(A Company Limited by Guarantee)

HEADWAY SUFFOLK LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

19. Restricted funds analysis

Balance at
Balance at Expend- Transfers 31 March
1 April 2021 Income iture in/out 2022
£ £ £ £ £
Ipswich Borough Council - 4,000 (4,000) - -
Broomton Foundation,
Therapists 38,000 - (38,000) - -
New Build-Buy a Brick 10,758 - - - 10,758
Suffolk Community Foundation,
Suffolk, Carers Fund -
Counselling 19,921 - (20,211) - (290)
Big Lottery Fund, Brainy Dogs - 70,425 (70,425) - -
Big Lottery Fund, Sensory
Garden, New Build 5,000 - - - 5,000
Garfield Weston Foundation - 30,000 - - 30,000
SCC-Infection Control Fund - 60,172 (60,172) - -
Suffolk Community Foundation,
186815 4,496 - - - 4,496
Brainy Dogs Fund - 741 (741) - -
Kay & Cyril Fish and Chip
Donation - 20 (20) - -
SCC Funding for Computer and
Tablet - 1,000 - - 1,000
SCC Men's Mental Health
Foundation, Nurse - 4,680 (4,680) - -
Workforce Recruitment &
Retention Fund - 8,550 (8,550) - -
The Adnams Community Fund - 500 (500) - -
Broomton Foundation - 25,000 - - 25,000
Clothmakers - 25,000 - - 25,000
SCC, S Gage Locality Budget,
Mobile Shop 120 - (120) - -
St Edmunds Trust, Sara Stedy
Device 690 - - - 690
Russ Rainger, Therapy
Sessions 1,000 - (1,000) - -
The Hospital Saturday Fun
Donation - 2,000 (2,000) - -
Mrs L D Rope Fish and Chip
Dementia Group - 5,000 (4,185) - 815
L D Rope 3rd Charitable
Settlement, Gardening
Equipment 275 - (26) - 249

Page 31

HEADWAY SUFFOLK LTD

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

Running costs of the Aldeburgh
Hub, agreed		 1,618 - - - 1,618
Bruce Wake Charitable Trust - 2,000 - - 2,000
SCC Grant payment - 500 - - 500
Mrs LD Rope Third Charitable
Trust, Fish & Chip Group		 1,604 - (1,604) - -
Lottery Funding, IT Equipment - 10,000 (9,026) - 974
SCC, Councilor Elizabeth
Johnson, IT Equipment		 - 1,000 - - 1,000
East Suffolk Council, New Car
Funding		 3,500 - (3,500) - -
Broomton Foundation,
Therapists		 - 50,000 (30,959) - 19,041
West Suffolk Council,
Community Chest Funding		 - 6,240 - - 6,240

20. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2022
£
Tangible fixed assets
801,924
Current assets
590,168
Creditors: Amounts due within one year
(165,681)
Creditors: Amounts due in more than one year
(407,202)
Total
819,209		 Restricted
funds
2022
£
-
137,517
(3,426)
-
134,091		 Total
funds
2022
£
801,924
727,685
(169,107)
(407,202)
953,300

Page 32

(A Company Limited by Guarantee)

HEADWAY SUFFOLK LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

20. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
Total		 Unrestricted
funds
2021
£
835,463
648,236
(132,560)
(496,448)
854,691		 Restricted
funds
2021
£
-
111,982
(25,000)
-
86,982		 Total
funds
2021
£
835,463
760,218
(157,560)
(496,448)
941,673

21. Related party transactions

The total employee benefits of the key management personnel of the Charity were £257,810 (2021: £131,126)

22. Reconciliation of net movement in funds to net cash flow from operating activities

Net income for the year (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Interest receivable
(Profit) on the sale of tangible fixed assets
Decrease/(increase) in debtors
Increase in creditors
Net cash provided by operating activities		 2022
£
11,627
38,696
(650)
-
54
16,334
66,061		 2021
£
276,144
36,941
(152)
(26,450)
(34,614)
11,269
263,138

Page 33

HEADWAY SUFFOLK LTD

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

23. Analysis of cash and cash equivalents

Cash at bank and in hand
Total cash and cash equivalents		 2022
£
499,047
499,047		 2021
£
531,526
531,526

24. Analysis of changes in net debt

Cash at bank and in hand
Debt due within 1 year
Debt due after 1 year
Finance leases		 At 1 April
2021
£
531,526
(18,943)
(332,006)
(193,783)
(13,206)		 Cash flows
£
(32,479)
18,943
45,749
29,341
61,554		 Other non-
cash
changes
£
-
(14,156)
14,156
-
-		 At 31 March
2022
£
499,047
(14,156)
(272,101)
(164,442)
48,348

25. Operating lease commitments

At 31 March 2022 the Charity had commitments to make future minimum lease payments under noncancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2022
£
26,289
41,388
67,677		 2021
£
27,712
46,382
74,094

Page 34