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 suc￿sS 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 lobb￿n9 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 COn￿rn 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
cRED￿oRS. 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 CoMpan￿S 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 be￿een 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 ExPEND￿vRE 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