Registered nurnber: 03690891 Charity numbgr". 1075469 HEADWAY BEDFORD (A company limited by guarantee) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
HEADWAY BEDFORD (A company15mlted by guarantee) CONTENTS Page Reference and adrninistratlve details of the charity. Its trustees and advisers Trustees. report Independent examlner's report statement of flnancial actlvltles Balance sheet 9-10 Note$ to the financlal statements
HEADWAY BEDFORD IA company Ilmited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2021 Trustee5 Dr Linda Candila Eamon McDonnell Jennie Archer (resigned 29 April 20211 Maria Disapia (appointed 1 December 20211 Company reglstered number 03690891 Charlty rgglstered number 1075469 Registered office Headway House Bedford Health Village Kimbollon Road Bedford MK40 2NT Chief executive officer and company secretary Christopher Batten Independent oxamingr MHA Maclntyre Hudson Chartered Accountants Peterbridge House The Lakes Northampton NN4 7HB Bankers TSB Bank plc Barton-le-clay Bedfordshire Page 1
HEADWAY BEDFORD IA company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 The Trustees present their annual report together with the financial statements of the Company for the year ended 31 December 2021. The Annual Report serves the purposes of both a Trustees, report and a directors, report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable companrfs governing document and the provisions of the Statement of Recommended Practice {SORPI applicable to charities preparing their accounts iri accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS1021 {effective 1 January 2019}. Since the company qualrfies as small under section 383, the strategic report required of medium and large ompanies under The Companies Act 2006 Islrategic Report and Director's Report) Regulations 2013 is not required. OBJECTIVES AND ACTIVITIES a. OBJECTIVES The activities of the charitable company are to provide reh8bilitation and support lo people who have suffered brain injury. including strokes, their families and Garers and to provide seNic6s and facilities for such persons. b. PUBLIC BENEFIT The Trustees have given consideration to the Charity Commission's general guidance on public benefit when reviewing the charity's objects and planning ils activities. We assist our clients by providing a holistic approach lo the rehabililalion process. The positive impact of our service includes structured activities in a stimulating environment, a central venue that encourages and challenges individuals and that facilitstes much needed peer support, goal setting which encourages client participation and ongoing progress, community reintegralion, reduced feelings of isolation, increased confidence and motivation. a support netsvoTk for carers, and providing respite for carers. c. ACHIEVEMENTS AND PERFORMANCE 2021 was the second year of the p8ndemic and lockdowns. Remote working via video link continued during the first half of the year. Our slruGlured group sessions lent themselves particularly well lo video conferencing and the key staff involved continued to practice the skills needed to preseNe essential interactive participation in for community rehabilitation in a "purposeful but fun. way for around 100 clients. Some further additional expenditure In IT equipment was required. As in the previous year. some clients laboul 25 /ol were unable to access seryices via video conferencing for various reasons. A number were helped to do this by their Headway key workers and in other cases supported by regular phone calls to deal with the inevitable problems caused by social isolation during lockdown. In fact, all our clients whether able to use IT technology or not, were also supported in this way. However, by May 2021 most staff were back to working physically from the centre with many of the clients recommencing physical attendance from June. The need to maintain social distancing in the space available limited the numbers who could attend physically. and so "hybrid. working for group sessions was userl with remote attendees accessing group sessions at the same lime as those attending physically. The number of new referrals durfng the year tolalled 54, almost the same as in 2020, both years down by about 21 on the pre-pandemic 2019 year. The drop in referral numbers and the 'patchW nature of these reflected the effects of the lockdown on Ihe other agencies in the Health and Social care system. On the Dther hand. our client numbers remained high because of a lack of other services lo move them on to and the general support they were getting from Headway Bedford in the pandemic. Page 2
HEADWAY BEDFORD IA company limitod by guarantee) TRUSTEES. REPORT {contlnued} FOR THE YEAR ENDED 31 DECEMBER 2021 It was the fourteenth full year in the refurbished and improved premises moved into In 2007. Development of the infrastsuclure for key working and goal selling with our clients continued, and the provision of cognitive exercises al both group and individual levels,. the speech therapy. physiotherapy and occupational therapy all continued lo aid in our cllenls, rehabililalion. Some of our lulored art and craft work {e.g digital photography and cookery) had to be dropped but was replaced by other sessions e.g. °mindfulness" Fatigue management, run by our O.T. continued. Group singing, for those with speech impairments, worked surprisingly well over a video linkl We continued lo develop our systems for "personalisalion.. (As in previous years we had been able lo demonstrate that our key working and goal setting approaches could be linked lo improved outcomes in this universal framework). Our Ihreg main statutory funders continued lo be the NHS and the Bedford Borough and Central Bedfordshire Social Services teams. The NHS contract had been renewed again until April 2022 although wth some aspects of il still needing attention. We continued to be a placement provider for Social Services students and trainee nurses and continued to be supported throughout the year by around 50 volunteers. The Community Brain Injury Advisor project (started in 2011) wntinued lo provide services for people with brain injury who could not attend the centre or who had moved on. 'The Harpur Trust. Panacea and Beds & Luton Community Foundation funding having finished, the project continued to be supported by direct funding on a client-by client basis by both local authorities. The board would again like to thank all the staff and volunteers of Headway Bedford for their dedication and hard work throughout the year, particularfy the way in which they mado a sucsS of remote working. ACTIVITIES a. REVIEW OF ACTIVITIES There was a deficit for the year before realised and unre81ised revaluation profits on investments amounting lo £21,347 (2020- £8,824). The unrealised loss on investment assets amounted to £350 (2020 - £4861. Unreslricled funds al 31 December 2021 amounted to £308,415 (2020.. £330,047). Restricted funds al 31 December 2021 amounted to £1,489 {2020.' £1.6541. b. INVESTMENT POLICY AND PERFORMANCE All funds not required for Immediate use are held on interest bearlng bank deposit. Page 3
HEADWAY BEDFORD (A Company limited by guarant991 TRUSTEES, REPORT Icontlnued) FOR THE YEAR ENDED 31 DECEMBER 2021 FINANCIAL REVIEW . GOING CONCERN After making appropriate enquiries, the trustees have a reasorsable expectstion that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue lo adopt the going concern basis in preparing the financial statements. Further detalls regarding the adoption of the going concern basis can be found in the Accounting Polieies. b. RESERVES POLICY 11 is the policy of the trustees not lo hold specific reserves. The purpose of the unrestricted funds Iyree reserves'} is to provide all services as sel out elsewhere in this report. In general. the aim is to maintain liquid assets at a level equivalent lo six months operating costs. STRUCTURE, GOVERNANCE AND MANAGEMENT a. CONSTITUTION The company is registered as a Gharitable company limtted by guarantee by its Memorandum and Articles of Association dated 18 January 1999. The charitable company was formed to lake ove¥ the activities of an unincorporated charity, Headway House Bedford, whose assets were transferred lo the charitable company on 1 January 1999. The company has a registered charity number 1075469. The acllvilies of the charitable company are to provide rehabilitation and support to people who have suffered brain injury. including strokes. their families and carers and to provide servrces and facilities for such persons. b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES The management of the company is the responsibility of the Trustees who are elected and co-opted under the lemis of the Trust deed. c. ORGANISATIONAL STRUCTURE AND DECISION MAKING There is a Board of Trustees, 311 of whom are directors of the company. who consider all significant expenditure and other requests al their meetings. The charity employs a chief executive wt)0 refers lo the Board of Trustees as appropriate. d. RISK MANAGEMENT The main risk identified for on-going attention by the Board of Trustees continues lo be the uncertainty of statutory income fluctuations. An additional risk identified in 2014 concemed NHS responsibilities as landlords of our premises. These changed as the local NHS PCT ceased to exist after April 2014 and was replaced by Bedfordshire CCG. A separate and new NHS organisation - NHS Property Services - is our landlord. During 2018 and 2019 the CCG mooted the possibility that il might like lo create a new intensive stroke rehab facility using Headwavs premises with Headway being relocated elsewhere. Although this idea was dropped for the lime being after oppositson 8nd lobbn9 by Headway and ils supporters, il may arise again and will be kept under review. Page 4
HEADWAY BEDFORD (A company limited by guarantee) TRUSTEES, REPORT Icontinugd) FOR THE YEAR ENDED 31 DECEMBER 2021 e. TRUSTEES The present membership of the Board is sel out on page 1. Except as otherwise noted, all Irusleesldirectors served throughout the year. One third of the Board are requlred lo retire or seek re-election each year. Trustees are invited to join the Board generally on the recommendation of existing trustees. The present membership of the Board is as sel out below. Dr Linda Candits Eamon McDonnell Maria Disapia lappointed 1 December 20211 TNstees are appointed or reappointed in accordance wth the Articles of Association. f. TRAINING OF TRUSTEES The trustees are recruited for their wide experience and there is a comprehensive induction process on commencement. There is a training programme for trustees. rf required. Page 5
HEADWAY BEDFORD {A company limited by guarantee) TRUSTEES. REPORT Icontlnued) FOR THE YEAR ENDED 31 DECEMBER 2021 TRUSTEES. RESPONSIBILITIES STATEMENT The Trustees (who are also directors of Headway Bedford for the purposes of company law} are responsible for preparing the Trustees, report and the financial slalements in accordance wth applicable law and United Kingdorn Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial stalomenls for each financi81 year. Under company law the Tnjslees musl not approve the financial statements unless they are satisfied that they give a true and fair view of the stste of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure. of the charitable company for that period. In preparing these financial stslements. the Trustees are required to.. select suitsble accounting policies and then apply them consistently., Observe the methods and principles in the Charities SORP.. make judgments and aecounting estimates that are reasonable and prudent., prepare the financial statements on the going COnrn basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the linancial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable companls website. Legislation in the United Kingdom governing the prep8ration and dissemination of financial statements may differ from legislation in other jurisdictions. This report was approved by the Trustees, on L. liand signed on their behalf by- Dr Llnda Candita Chair of Trustees Page 6
HEADWAY BEDFORD (A company limitèd by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HEADWAY BEDFORD {the.compan) I report to the charity Trustees on my examinalion of the accounts of the company for the year ended 31 December 2021. RESPONSIBILITIES AND BASIS OF REPORT As the Trustees of the company land its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance wth the requirements of the Companies Act 2006 {'Ihe 2006 Act,). Having satisfied myself that the accounts of the company are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the companvs accounts carried otjl under section 145 of the Charities Act 2011 ('Ihe 2011 Act,). In carrwng out my examination I have followed the Directions given by the Charity Commission under section 14515}Ib) of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT Since the companrfs gross income exceeded £250,000 your examiner must be a member of a b¢)dy listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of (enter body here). which is one of th& listed bodies. I have completed my examination. I can confiryn that no matters have come lo my attention in connection with the examination giving me cause to believe-. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act., or the accounts do not accord with those records- or the accounts do not comply with the accounting requirements of sBclion 396 of the 2006 Act olher than any requirement that the accounts give a 'lrue and fair, view which is not a matter considered as part of an independent examination- or 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 lapplicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have como across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. Signed.. Adam Young ACA (member of ICAEWI Dated.. 28 October 2022 MHA MACINTYRE HUDSON Chartered Accountants Peterbridge House The Lakes Northampton NN4 7HB Page 7
HEADWAY BEDFORD (A company limlted by guarantee) STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021 UnroStri¢ted Restricted funds funds 2021 2021 Total funds 2021 Total funds 2020 Note INCOME FROM: Donations and voluntary income Charitable activities Investments 66,474 276,741 248 66.474 276.741 53,924 271,709 1,583 TOTAL INCOME 343,463 343,463 327.216 EXPENDITURE ON: Charitable activities 364.645 165 364,810 336.040 TOTAL EXPENDITURE 364,645 165 364.810 336,040 EXPENDITURE BEFORE INVESTMENT LOSSES Net losses on investments (21.182) 1350} {1651 121.3471 1350) (8,8241 {4861 NET EXPENDITURE BEFORE OTHER RECOGNISED GAINS AND LOSSES 121.5321 (165) {21,697} 19.310) NET MOVEMENT IN FUNDS 121,5321 1165) {21,6971 {9,310} RECONCILIATION OF FUNDS: Total funds brought forward 330.047 1.654 331,701 341.011 308.515 1.489 310.004 TOTAL FUNDS CARRIED FORWARD 331,701 The notes on pages 1110 23 fomi part of these financial statements. The charity has no recognised gains or losses other than the results for the year as set out above. Page 8
HEADWAY BEDFORD IA company limited by guaranteo) REGISTERED NUMBER: 03690891 BALANCE SHEET AS AT 31 DECEMBER 2021 2021 2020 Note FIXED ASSETS Tangible assets Investments 10 7,777 547 7.049 897 8.324 7,946 CURRENT ASSETS Debtors Cash at bank and in hand 12 33,264 336.308 106,820 292.118 369,572 398,938 cREDoRS. amounts falling due Within one year 13 167,8921 (75.183) NET CURRENT ASSETS 301,680 323.755 NET ASSETS 310.004 331,701 CHARtrY FUNDS Restricted funds 14 1,489 308,515 1.654 330.047 Unrestri¢ted funds 14 TOTAL FUNDS 310.004 331,701 Page 9
HEADWAY BEDFORD IA company limited by guarant991 BALANCE SHEET l¢ontSnued) AS AT 31 DECEMBER 2021 The companls financlal statements have been prepared in accordance with the provislons applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A- small enlities. The Trustees consider that the company is entitled lo exemption from the requirement to have an audit under the provisiorls of section 477 of the Companies Act 2006 ("Ihe Acl"} and members have not required the company to obtain an audlt for the year in question in accordance wth section 476 of the Act. The Trustees acknowledge their responsibilities for complwng wth the requiremenls of the Companies Act 2006 with respect lo accounting records and the preparation of financial statements. The financial statements were approved and aulhorised for issue by the Trustees on srgned on their behalf. by.. and Eamon M¢Donnell Trustee Dr Llnda Candita halr of Trustees The notes on pages 1110 23 form part of these financial statements. Page 10
HEADWAY BEDFORD (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 ACCOUNTING POLICIES 1.1 Basis of preparation of financial $talaments The financial statements have been prepared in accordance with 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 IFRS 102) {effeelive 1 January 2019>, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and the Companies Act 2006. Headway Bedford moets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical st or transaction value unless olhetwise slated in the relevant accounting policy. 1.2 Reconciliation with previous Generally Accgptgd Accounting Practice In preparing these accounts, the Tnjslees have considered whether in 8pplwng the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restalemenl of wmparalive items was required. No restatements were required. 1.3 Company status The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company. 1.4 Going concern The financial statements have been prepared on a going concern basis. The Trustees have considered relevant information, including the annual budget. forecast future cash flows and the impact of subsequent events in making their assessment. The COVID 19 pandemic and the ensuing economic shutdown has had a signtficant impact on the charitable CoMpanS operations. In response to the COVID 19 pandemic. the Trustees have performed a robust analysis of forecast futL¢re cash flows taking into account the potential impact on the business of possible future scenarios arising from the impact of COVID 19. This analysis also considers the effectiveness of available measures lo assist in mitigating the impact. The Trustees have not identified any further material uncertainties that may cast significant doubt about the ability of the charitable company to continue as a going concern. Based on these assessments and having regard lo the resources available lo the charitable company, the Trustees have concluded that there is no material uncertainly and that they can continue to adopt the going concern basis in preparing the annual reF)ort and accounts. Page11
HEADWAY BEDFORD IA company limitgd by guaranteo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 ACCOUNTING POLICIES (CONTINUED> 1.5 Income All income is recognised once the company has entillemenl lo the income. it is probable that the income will be received and the amount of income receivable can be measured reliably. For legacies, enlillemenl is taken as the earlier of the date on which either.. the Company is aware that probate has been granted, the eslale has been finalised and notification has been mado by the executorlsl to the TrLtst that a distribution will be made. or when a distribution is received from the estate. Receipt of a legacy. in whole or in part. is only considered probable when the amount can be measured reliably and the company has been notrfied of the execulorfs intention lo make a distribution. Where legacies have been notrfied tts the company. or the company is aware of the granting of probate, and the criteria for income recognition have not been mel, then the legacy is treated as a contingent asset and disclosed rf material. Donated services or facilities are recognised when the company has control over the item. any conditions associated with the donated item have been met, the receipt of economic benefit Irom the use of the company of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP IFRS 1021, the general volunteer time is not recognised financialFy and reler lo the Trustees. report for more information about their contribution. On receipt. donated professional services and donated facilities aTe recognised on the basis of the value of the gift to the company which is the amount the company would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market,. a corresponding amount is then recognised in expenditure in the period of receipt. Income lax recoverable in relation to donations received under Gift Aid or deeds of covenant Is recognised al the time of the donation. Income tsx recoverable in relation to investment income is recognised at the limo the investment income is receivable. 1.6 Expgndituro Expenditure is recognised once there is a legal or conslrucliv6 obligation to transfer economic benefit lo a third party. it is probable that a transfer of economic benefits will be required in selllement and the amount of the obligation can be measured reliably. Expenditure is classified by aclivily. The costs ol each activity are made up of the lolal of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly lo that activity. Shared costs which contribute lo more than one activity and support costs which are not attributable lo a single activity are apportioned belween those activities on a basis consisteal with the use of resources. Central staff costs are allocated on the basis of lime spent, and depreciation charges allocated on the portion of the asset's use. Govemance costs are those incurred in connection with adminislralion of the company and compliance with conslilutional and slalulory requirements. Charitable activities and Govemance costs are costs incurred on the companys educational operations, including support costs and costs relating lo the governance of the company apportioned to charitable aclivslies. Page 12
HEADWAY BEDFORD IA company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 ACCOUNTING POLICIES (CONTINUED} 1.7 Tangible fixod assets and depr¢¢iatlon l assets costing more than £250 are capilalised. A review for impairment of a fixed asset is carried out rf events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls beeen the carryng value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities incorFX)r8ting income and expenditure account. Tangible fixed assets are carried at cosl, nel of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases.. Fixtures and fittings Long life equipment Tools and equipment 25Yo 10° 259 1.8 Investments Fixed asset investments are a fomi of financial instrument and are inilialty recognised at their transaction cost and subsequently measured al fair value al the Balance sheet dale. unless fair valve cannot be measured reliably in which case il is measured at cost less impairrnenl. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading 'Gainslllossesl on investments, in the Statement of financial activities incorporating income and expenditure account. 1.9 Interost recgivable 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 Bank. 1.10 Debtors Trade and other debtors are recognised al the setuement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any Irade discounts due. 1.11 Cash at Bank and Sn hand Cash at bank and in hand includes cash and short term highly liquid investments with a short malurily of three months or less from the date of acquisition or opening of the dery)sil or simi18r account. Page 13
HEADWAY BEDFORD (A company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 ACCOUNTING POLICIES {CONTINUED} 1.12 Llabllities and provlslons Liabilities are recognised when there is an obligation at the Balance sheet dale as a result of a past event, it is probable that a transfer of economic benefit will be requlred in settlement. and the amount of the settlemerbl can be estimated reliably. Liabilities are recognised at the amount that the company anlieipales it will pay lo settle the debt or the amount il has received as advanced payn)enls for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the lime value of money is material, Ihe provision is based on the present value of those amounts, discounted al the pre-tax discount rate that reflects the risks specific to the liability- The unwinding of the discount is recognised wthin interest payable and similar charges. 1.13 Financial instruments The company only has financial assets and financial liabilities of a kind that qualrfy as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured al their settlement value with the exception of bank loans which are subsequently measured al amortised cost using the effective inleresl method. 1.14 Ponsions The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company lo the lund in respect of the year. 1.15 Fund a¢countlng 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. Reslricled funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restrfcted fund is sel out in the notes to the financi81 slalements. Page 14
HEADWAY BEDFORD {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 INCOME FROM DONATIONS AND VOLUNTARY INCOME Unrestricted Restricted funds funds 2021 2021 Totsl funds 2021 Total funds 2020 Other contracts Catering. outings and transport Donations Fundraising and collections Grants 15.663 2.096 8,704 32.361 7,650 15,663 2,096 8,704 32,361 7,650 3.240 1.568 13.147 35,969 Totsl donations and voluntary income 66.474 66.474 53,924 Total 2020 53.924 53,924 INCOME FROM CHARITABLE ACTIVITIES Unrgstricted Rostricted funds funds 2021 2021 Total fund$ 2021 Total funds 2020 Day care contracts - NHS Day care contracts - Social services 161,331 115,410 161,331 115,410 142.907 128.802 276,741 276.741 271,709 Total 2020 271,709 271,709 Page 15
HEADWAY BEDFORD (A cornpany limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 INVESTMENT INCOME Unrestricted fund5 2021 Restrlcted funds 2021 Total fund$ 2021 Total funds 2020 Dividends Deposit interest 63 185 63 185 56 1,527 248 248 1,583 Totsl 2020 1,583 1,583 DIRECT COSTS Total 2021 Total 2020 Activities Catering and outings Client transport Therapy materials, faGilty hire Computer equipment and sundry Gosts Volunteer Iravelling expenses Rates Promotional costs I goods Cleaning Building repairs. maintenance. security patrols Seryice charge General travelling expenses Training and seminars National magazine and Affiliation Postage and stationery Insurance Sundry expenses Professional fees Bank charges HMRC Interest paid Wages and salaries National insurance Pension cost Depreciation 183 183 170 56 5,066 16,284 326 1,650 525 3,129 548 16,140 1,352 773 32 1,501 1,011 1.022 2.460 386 6.897 6.697 185 1,245 2.362 4.723 1,125 16,862 264 4,834 230 6,897 6,697 185 1.245 2.362 4.723 1.125 16.862 264 4.834 230 2,255 1,804 2.255 1.804 647 270 284.361 20.322 2,833 1.259 270 284,361 20,322 2,833 1.259 259.802 18.127 2,779 862 360.802 360,802 334,001 Total 2020 334.001 334.001 Page 16
HEADWAY BEDFORD IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 ANALYSIS OF ExPENDvRE BY EXPENDITURE TYPE Stsff costs Depreciation Other ¢o$ts 2021 2021 2021 Total 2021 Total 2020 Direct costs Expenditure on governance 307,516 1,259 52,027 4.008 360.802 4,008 334,001 2.039 307,516 1,259 56,035 364,810 336,040 Total 2020 280,708 862 54,470 336.040 INCOMEI{EXPENDITURE) This is ststed after charging.. 2021 2020 Depreciation of 18ngible fixed assets.. - owned by the charity 1,259 862 INDEPENDENT EXAMINER'S REMUNERATION The Independent Examinerfs remuneration amounts to an Independent Examination fee of £2,75012020- £2.760}. Page 17
HEADWAY BEDFORD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 STAFF COSTS Slaff costs were as follows.. 2021 2020 Wages and salaries Social security costs Other pension costs 284.361 20.322 2.833 259,802 18.127 2.779 307,516 280.708 The average number of persons employed by the company during the year was as follows.. 2021 No. 14 2020 No. 14 No employee received remuneration amounting to more than £60.000 in either year. 10. TANGIBLE FIXED ASSETS Flxtures and flttlngs Long lifè equipmont Tools and equipment Total Cost Al 1 January2021 Additions .711 1.987 33,800 16.033 58,544 1.987 At 31 December 2021 10,698 33,800 16.033 60,531 Depreciation Al 1 January 2021 Charge for the year 8.548 537 27,109 673 15,838 51.495 1.259 At 31 December 2021 9.085 27,782 15,887 52,754 Net book value Al 31 December 2021 1,613 6.018 146 7,777 At 31 December 2020 163 6.691 195 7.049 All fixed tangible assets were used for charitable purposes. Page 18
HEADWAY BEDFORD (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 11. FIXED ASSET INVESTMENTS Llsted securltles Market value Al 1 January 2021 Movement on revaluation 897 {3501 At 31 December 2021 547 Valuatlon Listed investments are staled at their mid market value al the balance sheet dale. The portfolio consists of 152 ordinary 12.5p shares in Reed Elsevier plc. 12. DEBTORS 2021 2020 Trade debtors other debtors 20,318 12,946 96.087 10.733 33,264 106,820 13. CREDITORS: Amounts falllng due within ong year 2021 2020 Trade creditors Other tsxation and social security Other creditors Accruals and deferred income 54.621 4,749 8,522 49,871 11.463 8.500 5.349 67,892 75.183 Page 19
HEADWAY BEDFORD (A company Ilmltod by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 14. STATEMENT OF FUNDS STATEMENT OF FUNDS- CURRENT YEAR Balance at 31 Galnsl December (Losses) 2021 Balance at 1 January 2021 Ineome Expendlture Deslgnated funds Occupational therapist SeNice development 20,400 9,286 20,400 9.286 29,686 29.686 General funds General Funds 300.361 343.463 {364.645) 1350) 278,829 Total Unrestricted funds 330,047 343.463 {364.645} {350) 308.515 Restrlcted lunds DeParys Rotary Club (Hoist) 1,654 {1651 1,489 Total of funds 331,701 343.463 1364,8101 (350) 310.004 STATEMENT OF FUNDS- PRIOR YEAR Balance at 31 Gainsl December (Losses) 2020 Balance at 1 January 2020 Income Expenditure Designated funds Occupational therapist Service development General Funds 20,400 9,286 20,400 9,286 309,489 327,216 (335.8581 (4861 300,361 Restricted funds DeParys Rotary Club (Hoisti 1.836 1182) 1.654 Page 20
HEADWAY BEDFORD (A company limited by guaranteo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 SUMMARY OF FUNDS - CURRENT YEAR Balance at 31 Gainsl December (Losses) 2021 Balance at 1 January 2021 Income Expendlture Designated funds General funds 29,686 300.361 29,686 278,829 343,463 {364,645) 13501 330,047 1,654 343,463 (364,6451 (1651 {350) 308,515 1.489 Restricted funds 331.701 343,463 1364,8101 {3501 310.004 SUMMARY OF FUNDS- PRIOR YEAR Balance al 31 Gainsl December (Losses) 2020 Balance al 1 January 2020 Income Expenditure Designated funds General funds 29,686 309,489 29,686 300,361 327.216 {335.858) (486) 339,175 1.836 327,216 (335.858) 1182) (4861 330.047 1.654 Reslr¢cted funds 341,011 327,216 1336,040} 14861 331.701 Page 21
HEADWAY BEDFORD {A company limited by guarantee} NOTES TO THE FINANCIAL STATEfvIENTS FOR THE YEAR ENDED 31 DECEMBER 2021 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS ANALYSIS OF NET ASSETS BEfwEEN FUNDS . CURRENT YEAR Unrestricted Restrlcted funds funds 2021 2021 Total funds 2021 Tangible fixed assets Fixed asset investments Current assets Creditors due within one year 6,288 547 369,572 {67.8921 1,489 7,777 547 369.572 167.8921 308,515 1,489 310.004 ANALYSIS OF NEf ASSETS BETWEEN FUNDS - PRIOR YEAR Unrestricted funds 2020 Restricted funds 2020 Total funds 2020 Tangible fixed assels Fixed asset investments Current assets Creditors due within one year 5,395 897 398,938 175,183) 1,654 7.049 897 398.938 175.1831 330,047 1.654 331.701 16. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 2021 2020 Net expenditure for the year (as per Statement of Financial Activities) (21,6971 {9.3101 Net cash used In operatlng actlvltles {21,697) (9,3101 17. ANALYSIS OF CASH AND CASH EQUIVALENTS 2021 2020 Cash in hand Notice deposits (less than 3 months) 34.874 213.841 25.577 179.038 Total 248.715 204,615 Page 22
HEADWAY BEDFORD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 18. PENSION COMMITMENTS "The charitable company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. The pension cost charge represents contributions payable by the charitable company to the fund and amounted to £2.833 {2020 £2,765). Contributions tolalling £nil12020 £nil) were payable to the fund al the balance sheet date and are included in creditors. 19. RELATED PARTY TRANSACTIONS AND TRUSTEES REMUNERATION The Trustees received no emolumenls or reimbursement of expenses (2020 - nil). In the opinion of the Trustees there were no relalecs party transactions falling to be disclosed in these accounts. The Charity has no ultimate controlling party. Page 23