Reglstsred number: 03690891
Charity number: 1075469
HEADWAY BEDFORD
(A company Ilmlted by guarantee)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

HEADWAY BEDFORD
IA company limited ty guarant￿)
CONTENTS
Page
Reference and •dmlnl$tratlve detall# ol the chartty. its tru8tee$ and advlsern
TN$t¢es' roport
Indepèndent •xamin•rf8 loport
Stat•ment ol flnanclal actlvlt5
8al*nc• •heet
9-10
Notes to thè Iln*nclal 8t*t•m•nts
11-24

HEADWAY BEDFORD
IA company limited by guarantsel
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2022
Trustsos
Dr Linda Candila
Eamon Mct)onnell
Maria Disapia
Company wl8tered number
03690891
Charlty r•gl$ter•d nUM￿r
1075469
Ro918tered offlco
Headway House
Bedford Heatth Village
Kimbollon Road
Bedlord
MK40 2NT
Chlef •x•¢utlv• offle8r and company se¢r•tary
Christopher Batten
Ind•p•nd•nt •x•mln•r
MHA
Chartered Accountants
Century House
The Lakes
Northampton
NN4 7HD
Bankèrn
TSB Bank plc
Barton-le-clay
Bedford$hire
Page 1

HEADWAY BEDFORD
IA company Ilmited by guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDEO 31 DECEMBER 2022
The Tfuslees present their annual report together wilh the finan¢k41 stslements of the Company for the year
ended 31 December 2022. The Annual Report serves the purposes of both a Trustees. report and a
directors. report Ltnder ￿MpanY law. The Tru51ees confirm that the Annual Report and financial statements of
the charitsble company comply vAth the current statutory requirements. the requirements of the charitabl6
company's governing document and the provis￿n$ of the Statement of Recommended Practice ISORPI
8pplicable lo charities preparing their a￿￿nts in accordance th the Finanual Reporting Stsndard applicable
in the UK and Republic ol Ireland IFRS102) {eife¢ts've 1 January 20191.
Since the Gompany qualthes as small under Sect￿ 383. the strategic report required of medium and large
eompanles under The Companies Acl 20C6 IStr81eg¢ Report and Directorfs Report) Regulations 2013 is not
required.
OBJECTIVES AND ACTMTIES
. OBJECTIVES
The acliwtles of the charltsble company are to provKle fehabilitaiion and supwrt to people who have suffered
brain inlury, including strokes. their familie¥ and carers and lo prwde services and tscilitw for such persong.
b. PU8LIC BENEFIT
The Trustees have gNen consideration to ihe Charity Commtssion's general guidance on public benefit when
reviewing the charity's objects and planning rts aclivitses. We assist our clients by provhling a holistic approach to
the rehabilitation process. The positive impact ol our Serv￿ includes structured activities In a slimulalin9
environment. a Central venue that ￿n￿Urage$ an(1 challenges indNKluals and that fxilit*es much needed peer
support, goal settin9 which encourages client participation and ongoing progress, community reintegration,
reduced feelings of Is0¢at￿n, increased confidence and mob"vatKJn, a support nefv￿rk for carers, and providing
respite lor carers.
c. ACHIEVEMENTS AND PERFORPW4CE
2022 was the third year of the pandemic. Some remote working via video link continued. mainly due to the need
to maintain social distancing at the centre. Our structured group sessions ￿nt themselves particularty well lo
deo conferencing and ihe key staff involved continued lo practKe the skills needed lo preserve essential
inleractsve parts'cipalion in lor communty rehabilitation in a"purp)seful but fun. way for around 90 dients. Some
further additional expenditure in IT equipment was required.
As in the previous year. some clients (ab)Lrt 25%) were unable to aecess semces 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 ￿th the inev¢table problems caused by s¢Krdl ￿lath"On. In facL all our ¢lients
whether able to use IT technology or no( were also SUp￿rted in this way.
All $tsff were back lo working phySKa1￿ from the centre. The need to mainlain social distancing in the space
available limited the client numbers who couKI attend physully, and so"hybrid" working for group sessions was
used remote attendees accessing group sessK)ns at the same time as those attending physically.
The number of new referrals during the year totslled 70. almost the same as in 2019. However, the 'patch
nature of these refiecled the continuing effects of the pandemtc on the other agencies in the Health and Social
care system. About 50% of the referrals were inappropriate for our services. Our client numbers stsrted to drop,
particulady those funded by Sockal ServKes. The drop in funding from this source is the main cause of the
signrficanl deficrt ￿pOrted elsewhere in these accounts. 11 is a continuing problem in 2023 and is teing
P￿2

HEADWAY BEDFORD
IA Company limit¥d by guarantsèl
TRUSTEES. REPORT (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2022
It was the fifteenth lull year in the iefuibished and improved ￿em￿eS moved into in 2CQ7.
Development of the 1nffas1ruclu￿ for key working and goal setting with our clients conlinue(I, and the provision of
cognitive exercises al Ix)th group and indwidual levels., the speech therapy. physiolherapy and c￿UpatiOnal
therapy all continued to in our clients. fehabililabon. Our tutored art and uaft work e.g.. digital photography
and ¢ookery, was restored Idropped in p￿VIouS pandemi¢ years), but 'mindfulness' sessions conb'nued.
Fatigue management, run by our O.T. continued. Group singing. for those with speech impairrnents, continued
lo work well over a vKleo Ilnk combining off-site and on sile cl￿ts..
We conlinueé lo devebp our systems for 'personali8atitin.' IAS in previous years we had been able lo
demonstrate that our key workn'ng and goal seth'ng apwoaches could be linked lo imwoved outcomes in this
universal Irameworkl.
Our three main stalLrtory fijnders ¢onlinued to be the NHS and the 8edford Borough and Central 8edfofdshire
Social SeNices teams. The NHS contract had teen rer*wed again unbl April 2024, although vth some aspects
of il still needing attention.
We continued lo be a placement provider fy Swal Servw students and trainee nulses and continued lo be
supported throughout the year by around 50 volunteers.
The Communty Brain Injury Advisor project (started in 2011) conts'nL￿l to provido so￿￿j for peopLg a
brain injury who could not attend the centre or who had moved on. The Hafpur Trust, Panacea and Beds & Lulon
Community Foundation funding having finished, the project continued to be supported by diiecl fundin9 on
client-by dient basis by both bcal authorities.
The Board would again like lo thank all the stsff and volunteers of Heathydy Bedford for their dedication and hard
work throughout the year.
ACTIVITIES
. REVIEW OF ACTNMES
There was a deficrt for the year before realised and unrealised revaluation profits on investments amounting to
£30.270 (2021- £21.3471.
The unrealised bss on investrnenl assets amounted lo £12812021- £3501.
Unrestricted funds al 31 Decemter 2022 amounted to £278.266 12021.. £308,515). Restricted fvnds at 31
December 2022 amounted to £1.340 12021. £1.4891.
b. INVESTMENT POLICY AND PERFORMANCE
I fLtnds not required for immediate use are held ￿ interest tearirMJ bank dewl
Page 3

HEADWAY BEDFORO
IA company Ilmlt¥d by guaran￿)
TRUSTEES. REPORT l¢ontinuedl
FOR THE YEAR ENDED 31 DECEMBER 2022
FINANCIAL REVIEW
a. GOING CONCERN
After making appropriate enquiries, the trustees have a ￿8$Onable expectation that the company has adequate
resources lo eontsnue in 0￿rational existence for the foreseeable luture. For this reason they continue to adopt
the going concem basis in preparing the financial statements. Further details regarding the adoption ol the going
concern basis can be fountj in the Accounting Policies.
b. RESERVES POLICY
11 is the policy of the tru$lee$ nol lo hold specthc reserves. The PUfF4)se of the unrestrieted funds I'lree reserves'l
is to provide all services as sel out elsewhere in this report. In general, the aim Is lo maintain liqu￿ assets al a
level equwalenl lo six months operating costs.
STRUCTURE, GOVERNANCE AND MANAGEMENT
. CONSTITUTION
The company is registered as a charitable company limited by guarantee by its Mem¢yar¢dum and Artic￿$ of
Ass¢xiation dated 18 January 1999. The charilable company was fomed to take over the a￿l￿tieS of an
unlncorporated charty, Headway House Bedford, whose assets were transferred to the charitsble company on 1
January 1999,
The Company has a registered charity number 1075469.
The aclNilies of the charitable company are to pmwde rehabilitslion and supp)rt to people who have suffered
brain injury, including strokes, their families and ca￿[5 and to provide Services and facilibes for such persons.
b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES
The management of the company is the fesF￿wbt1ty of ts Trustees who are elethd and eoyled under the
terms of the Trust deed.
c. ORGANISATIONAL STRUCTURE AND DECISION MAKING
There is a Board of Trustees. all of whom a￿ directors of the company. who consider all significant expenditure
and other Tequests al their meetings. The charty employs a chief executsve who refers to the Board of Trustees
as approprAte.
d. RISK MANAGEMENT
The main risk identified for on-going attention by the Board of Trustees contsnues to be the uncertainty of
Statut¢￿ income fluctuations. An addthnal risk identified in 2014 concerned NHS reskx)nsibililies as landlords of
our premises. These Changed as the ￿￿al NHS PCT ceasefl to exist after Aplll 2014 and wa5 replaced by
Bedfordshire CCG. A separate and new NHS organisalion - NHS Propety Services - is our landlord. During
2018 and 2019 the CCG mooted the possibilty that il might like to create a new intenswe stroke rehab faeility
using Headway's premises Headway being Tebcated elsewhere. Although this idea was dropped for the
time being after oppositi¢)n and ksbbying by Headway and ts supporters. rt may arise again and wll be kept under
rewew.
Page 4

HEADWAY BEDFORD
(A company limited by guarantsèl
TRUSTEES. REPORT {continuedl
FOR THE YEAR ENDED 31 DECEMBER 2022
•. TRUSTEES
The present membership of the Board is sel out on page l. Except as otherw5e noted, all trusleesldlre¢tor5
served throughout the year. One third ol the Board are required to retire or seek re*lection each year. Tiuslees
ale invited lo join the Board generalty on the recommendation of exisb.ng trustees.
The present membership of the Board is as sel out behyw.
Dr Linda Candits
Eamon McDonnell
M8r¢a Disapia
Trustees are appointed or reapFointed in accordance th the ArtKfes ofAssociation.
f. TRAINING OF TRUSTEES
The Iruglee8 are recruited for their w￿e experience and there 1$ 4 eomprehensive induthn process on
eommencemenl. There is a training programme for Iwstees. rf required.
P&Je 5

HEADWAY BEDFORD
{A Company limlted by guardnl••l
TRUSTEES, REPORT (¢ontlnued}
FOR THE YEAR ENDED 31 DECEMBER 2022
TRUSTEES. RESPONSIBIL￿lEs STATEMENT
The Trustees (who are also direct￿ of Headway Bedford for the purposes of company kwl are responsible for
preparing the Trustees, report and the financial stalemenls in ac¢ordan¢e wth applicable law and United
Q'ngdom A￿OUntIng Standards Iunited Kingdom Generalty Accepted Accounting PraCt￿e).
Company law requires the Tfuslees to prepa￿ financial stslements for each financial year. Under company law
the Trustees must not approve the finanual statements unless they are Satisfied that they give a true and fair
view of the state of affairs of the charitable company and of Ihe incoming reSoU￿S and appliealion of resources,
including the income and experKlilure, of the tharitab￿ company for that per￿. In prepari￿￿ these financial
stalemenls, the Trustees are required to..
select suitable accounbng policies and tr￿n appty them consi$tenty'.
observe the methods and principles in the Charities SORP..
make judgments and accounting estimate5 that are reasonable and prudent.,
prepare the linancBI statements on the going concern basis unless il is inapprowiale to presume that the
hariiable company will continue in operats.¢￿.
The Trustees a￿ responslble for keewng adequate accounting records that are suffiaenl to Sh￿ and explain
the charitable companls transactions and disck)se vAth reas0nats￿ accuracy at any time the financial position of
the Charitable company and enable them to ensure that Ihe finanaal statements Comply wth the Companies Act
2006. They are also responsible lor saleguarding the assets ol the chantable company and hence for toking
reasonable steps for the prevenlth and detection of lrnud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information
included on the charitable companys website. Legislation in the Uniled Kingdom governing the preparab'on and
disseminalion ol financial statements may differ from legislation in other iurisdthons.
This report was approved ty the Trustees, on IEliollJ and signed on thwr behalf by..
Dr Llnda Candlta
Chair of Trustees
Page 6

HEADWAY BEDFORD
IA company limited by guarante•}
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HEADWAY BEDFORD {the'¢ompany'l
I report lo the charity Trustees i>n my examination of the accounts of the company for the year ended 31
December 2022
RESPONSIBILMES AND BASIS OF REPORT
As the Tfuslees of the comparry land its directofs for the puTp05es of company lawl you are responsible for the
PreParat￿n of the accounts in accofdance wth the requi¥ements of the Companies Act 20C6 I'lhe 20C6 A¢YI.
Having satisfied myEelf that the *counts of the company are not required to b8 audited under Part 16 of the
21%)8 A¢1 and are eligible for independent examination. I report in respect of my examination ol the company's
a￿OuntS ¢arTied out under sects'on 145 of the Charrt*s Act 2011 1.the 2011 Aefi. In carying out my examination
I have followed the Directions given by the Charity Commission undef seCt￿n 14515llbl of the 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
Since the companls gross income exceeded £250,000 your examiner must be a member of 8 body listed in
section 145 of the 2011 Act. I confimi that l am qualified to undertake the exarninatign because l am a member
of ICAEW, whith 1$ one of the1Ssled bodies.
I have completed my examlnab"on. I can confirm thal no matters have wme lo my atten￿n in connection
the examinatton giving me cause to belwe..
accounting records were not kept in respect of thg company as required by section 388 of the 2006 Act,.
the a¢￿Unts Ilo not accord wth those ￿&vdS., or
Ihe accounis do not comply wrth the accounts.ng requirements of seclion 396 of the 2006 Ael other than
any requirement that the accounts gNe a Irue and fairf ￿eW is rlot a matter considwed as part of
an independent examinalbon,. or
the accounts have not been prepared in accordance ￿ the methods and principles of the Statement of
Recommended pract￿ for aceounling arKI repo￿n9 by charities lapplicable to chantses preparing Iheii
accounts in accordance vnth the Financial Reporbng Standard appl￿b￿ in the UK and Republic of
Ireland IFRS 10211.
I have no concems and have come across no other matter5 in connection wlh the examinalk)n lo which
attention should be drawn in this reFQrt in order to eTrab￿ a proper undeT5tanding of the accoun151o ￿ ￿aChed.
Signed..
Adam Young ACA (member of ICAEWI
MHA
Chartered Accounlants
Century House
The Lakes
Northampton
NN4 7HD
Page 7

HEADWAY BEDFORD
IA company limited by guarantee)
STATEMENT OF FINANCIAL ACTlVtTIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2022
Vnr•$trl¢t•d R¥strfcted
fund$
funds
2022
2022
Total
funds
2022
Total
funds
2021
Note
INCOME FROM:
DonatK)n5 and voluntary incorne
Charitable adivilies
Investments
98,674
250,171
851
98.674
250.171
851
66,474
276,741
TOTAL INCOME
349.696
349.696
343,463
EXPENDITURE ON:
Charilable aclivili¢$
379,817
149
379,966
364.810
TOTAL EXPENDITURE
379.817
149
379,968
364.810
NET EXPENDITURE BEFORE INVESTMENT
LOSSES
Nel losses on investments
130,1211
11281
1149
130.2701
11281
{21,3471
13501
NET EXPENDITURE BEFORE OTHER
RECOGNISED GAINS ANO LOSSES
{30.2491
{30,3981
121,6971
NET MOVEMENT IN FUNDS
130.249}
11491
(30,3981
121,6971
RECONCILIATION OF FUNDS:
Total funds brought forward
308,51S
1.489
310,004
331.701
278.266
279,606
310.004
TOTAL FUNDS CARRIED FORWARD
The notes on pages 1110 24 fom part of these financial statements.
The charrty has no reC￿niSed gains or los￿ other than the rnsults for the year as set QLrt above.
Page 8

HEADWAY BEDFORD
IA company limited by guarnnteel
REGISTERED NUMBER: 03690891
BALANCE SHEET
AS AT 31 DECEMBER 2022
2022
2021
FIXED ASSETS
Tangible assets
Investments
10
11
8,721
419
7.777
647
9.140
8,324
CURRENT ASSETS
Debtors
Cash al bank and in hand
12
71,589
271.235
33,264
336,308
342,824
369,572
CREDITORS: amounts falling due wthin
one year
13
(72,3581
167,8921
NET CURRENT ASSETS
270.466
301.680
NET ASSETS
279.606
310.004
CHARITY FUNDS
Reslricled fvnds
Unrestricted funds
14
1,489
308.6IS
14
278.266
TOTAL FUNDS
279.606
310,004
Page 9

HEADWAY BEDFORD
IA ¢ompany Ilmlted by guarantee)
BALANCE SHEET (continued}
AS AT 31 DECEMBER 2022
The companls financial statements have been prepared in accordance %wth the provisK•ns applicable to
companies subject to the small compan*s regime and in acc4ydance with the piovisions of FRS 102 Section
1A- $mall entities.
The Trustees consider that the company enbtjed to exempticm from the requlremenl lo have an audit under the
provisions of sect￿rt 477 of the CoMpan￿S Act 20061lhe Acri and members have not required the company lo
obtain an audit tor the year in qUeSth￿ in accordance wth section 476 of the Act.
The Trustees ￿kn0VAedge their responsibilities for comptying the requirements of the Companies Act 2006
with respect to accounbng remrds and the preparab.on of financial statements.
The financial statemen15 were approved and authortsed issue by the Trustees on18110I2023 and
signed on their beh8if, by..
Chrf8 Batten
hl¢f ExKuUvo Offi¢•r
Dr Llnda Candlta
ChalT of Tru#t•tr•
The notes on pages 11 to 24 form part of those financial statements.
Page 10

HEADWAY BEDFORD
(A company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
ACCOUNTING POLICIES
1.1 Basls of pitpar*tlon of financial $tal•m¢nts
The financ￿1 statements have been prepared in accordance with Accounting and Reporting by
Charit*s'. Statement of Recommended praCt￿e appluble to charities preparing their accounts In
accordan￿ with the Financial Rewrting Stsnd8rd applicable in the UK
and Republic of Ireland
IFRS 1021 {effective 1 January 20191. the Financial Reports"ng Standard
applicable in the UK and
Republic of Ireland IFRS 102) and the Compan￿$ Act 2￿.
Headway Bedford meets the definrt￿n of a pU￿1C benefil entity under FRS 102. Assets and liabilities
are initially recognised al historKal cost or Iransactrln value unless othenvise Stated In the reievanl
aeeounling policy.
1,2 RKonclllatSon wfth prn¥k>us G•n•ralty A¢¢•pt•d Accountlng Prn¢tl¢•
In preparing these accounts, the Trustees have cons￿red whether in applying the accounfjng
policies required by FRS 102 an(1 the Charits"es SORP FRS 102 the restatement ol comparative
items was required.
No restatements were required.
1.3 Company ststus
The company is a company limrted by guarantee. The members of the company are the Truslegs
named on page 1. In the evenl of the company being wound up, the Ikqbility in respect of the
guarantee is limited lo £1 F*r member of the ￿mpanY.
1.4 Golng concern
The financial stalements have been prepaRd on a going concern basis. The Trustees have
cons¢dered relevant Inlomial￿n, including the annual budget, f0￿caSt future cash flows and the
Impact of subsequent events in making their assessment The COMD 19 pandemic and the erssuing
economic shutdown has had a signrfKant impact on the charilable company's operations. In
response lo If+e COVID 19 pandemic, the Trustees have performed a robust analysis of forecast
fvlure cash flows taking into account the polenbal impact on the business of possible future scenarios
arising from the impact of COVID 19. This analysis also ￿n$Klets the effectiveness of av8I1able
measures to assist in M￿gating the impact.
The Trustees have not idenbfied any fvrther material uncertainties th81 may cast $￿anificant doubl
about the ability of the charitable company lo Contrnue as a going concem.
Based on these assessments and hawng regard to the resources availab￿ to thè charitable
company, the Tru51ees have concluded that there is no material uncertainty and that they can
continue to adopt the going conwn basis in prepariThJ the annual report and accounts.
Page 11

HEADWAY BEDFORD
IA ¢ompany lim1t￿ by guarnntttl
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
ACCOUNTING POLICIES ICONTINUEDI
1.5 Incom•
l income is reccsnised once thè company has entiyement lo the income, it is probable that the
income wll be recewed and the amount of income ieceNable can be measured reliably.
For ￿9acleS. entitlemenl is taken as the ead*r of the dale on which either.. the company is aware
that probate has been granted. the estsle has been finalised and nobficalion has been made by the
executorlsl to the Trust that a dislTibutKsn wll be made, or when a distribution is receNed from the
estate. Receipt ol a legacy, in whole or in part, is onty considered probable when the amount can be
measured reliably an(J the Company has been notified of the executorfs intention lo make a
distributron. Where ￿aCleS have been notified to the eompany, or U)e company is aware of the
granting of probate. and the criteria for income recc*Jnrtwi have not been mgt, then the legacy IS
Irealed as a eonlingent asset and disdosed rf material.
Donated seryices or facilth.es are reojgnised vthen the c¢Jmp8ny has e4)nlrol over the item, any
onditions associated wrth the donated item have been met, the ￿CeIpt of economic benefit from the
use of the company of the rtem is probable and th81 economic benefit can be measured reliably. In
accordance with the Charities SORP IFRS 1021. the general volunteer time is not recognised
financlalty and refer to the Trustees. reFQrt for r￿re information at￿Lrt their contribution.
On receipt. donated professional serv￿$ and donated facilit￿$ are recognised on the basis of thg
value ol the gift to the Company which is the amount the company V￿uld have been willing lo pay lo
obtain semces or facilities of equNalent econom￿ benefit on the open market., a COr￿spOndIng
amount is then rwnised in exF¢nditure in the of receipL
Income lax recoverab￿ in relation lo donat￿n$ feceNed under Grft or deeds of covenant is
recognised al the time of the donabon.
Income tax recoverablg in relatton lo investment income 15 recognised at the bme the investment
income is receivab￿.
1.6 EX￿ndftUrt
Expentjilure is wognised once the￿ is a legal or constructive obligation to transfer economic
benefit to a Ihiid paty, it is probable that a transfer of economic beneffts will be required in
setNemenl and Ihe amount of the obligation can be measured reliably. Expenditure is Classrf￿d by
aclivty. The costs of each ￿tiVrtY are mwje up of the total of direct costs and shared costs,
including support Costs invofved in undertaking each actNity. Direct costs attributable lo a single
actsvity are allocated direcvy lo that activty. Shared costs whsch contn.bute lo rnore than one acb'vity
and support costs which are not attributable to a single activity are apportDned tse￿een those
activities on a basis eons15tent with the use of resources. Central stsff costs are allwled on the
basis of time spent. and depleciat￿ft Charges allocated on the portion of the asset's use.
Governan￿ costs are those Ir￿Tred in r￿nnectiOn wth administrat¥)n of the ￿rnpanY and
compliance with constitulw)nal and statutory requirements.
Charrtable aC￿vitieS and Govemance t))sts are costs in￿￿ed on the companls educalK•nal
OFerats"ons, including SUPFQrt costs and ￿sts relating to the govemance of the eompany apporticjned
to charitable activities.
Page 12

HEADWAY BEDFORD
IA company lirnited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
ACCOUNTING POLICIES ICONTINUEDI
1.7 Tanglble flxed ass•ts and deprn¢latlon
l assets costing more than £250 are ¢aprtaltsed.
A review for impaimienl of a fixed asset is carried cyjt rf events or changes in Circumstances indicate
that the carrying value of any fixed asset may not be recoverable. Shortfalls be￿en the Carrying
value of fixed assets and their recovwable amounts are recognised as impairments Impairment
losses are rec￿nISed in the Statemenl of financol a¢tM'tk?s ineorporab'ng income and expenditure
?￿oUnt.
Tangible fixed assets are carried at eosl. net of deP￿￿trOn and any provision for Impairment.
Depr￿latIOn is prov￿le{l al rates calculated to write off the cost of fixed assets, less their estimated
residual value, over their expected useful lives on the followin9 bases..
25%
Fixtures and fitts'ngs
Long life equipment
Tools and èquipment
25%
1.8 Inv••tments
Fixed asset investments are a form of linancial instrument and are initially re¢cpJniged al their
transaction cost and subsequenuy measured at fair value al the Balance sheet dale, unless fair
value cannol be measured reliably in whKh Case il is measured al cost less impairrnenl. Investment
98ins and losses, whether realised or unrealised. are combined and shown in the heading
'Gainslllossesl on investments. in th¢ Statement of financial ￿tivitieS incofporaling income and
oxpendilure a¢￿unt.
1.9 Int•Mst r•¢•Svablt
Interest on funds held on deposrt is included when receNable and the amount be rneasured
reliably by the company. this is nomialty upon nolTfKabon of the interest pard or payabk by the Bank.
1.10 Dgbtorn
Trade and other debtors are recc*Jnised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepahl nel of any trade discounts due.
1.11 Cash at Bank and In hand
Cash at bank and in hand includes cash and short ￿rni hvJhty Ihiuid investments with a short
maturity of three months or less from the date of acquLSrtion or opening of the depow'l or Slmilar
account.
Page 13

HEADWAY BEOFORD
(A Company Ilmlted by guaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDEO 31 DECEM8ER 2022
ACCOUNTING POLICIES (CONTINUED)
1.12 Llabilttie8 and provlsions
Liab11ilies are recogntsed when there i8 an obligation at Ihe BalarKe sheet date 8$ a re$ull of a past
event. it is Pfobable that a transfer of economic benefit W711 be required In settlernenl, and the
amount of the settlement can be estimated ¥elobly. Lobililies are recogrtised al the amtsunt that the
ompany anticipates il wll pay lo settle the debt or the amount il has re¢eived as advanced
payments for the goods or services it must provide. Provisions are measured at Ihe best ests'male of
the amounts required lo settfe the obligation. Whwe the effect of the tsme valuo ol money is
material, the provisK)n is based on the present value ol those amounts, diseounted al the pre-tax
discount rale that iefiects the risks spectfic lo the Ikability. The unwinding ol the discount is
recognised wlhin Inte￿$1 payable and simikr charges.
1.13 Flnanc5#1 Instruments
The company onty has financial assets and financial liabilities of a kind that qualify as b3sic financpl
inslrumenls.
Basic financial instrnments are inits.ally recognised at transaction value and
subsequenuy measured al their setttemenl value the ex¢eptDn of bank loans vthich are
subsequently measured at amortised cost using the effective interest methgd.
1.14 Pen8lon8
The company opefates a defined cOntribut￿n pension scheme and the pension charge represents
the amounts payable by the company lo the fvnd in respe￿ of tho year.
1.16 Fund accountlng
Gener81 funds are unreslrKte¢J funds which a￿ available for use 01 the dwrebon ol the Trustees in
furtherance of the general obpctives of the company and which have not been designated for other
purposes.
Restricted funds are funds which are lo be used in accordance wlh spwfic reslricts'ons imposed by
donors or which have been raised by the company for particular purposes. The costs of raising and
administering sueh funds are charged against the Specif￿ fund. The aim and use of each reStr￿ted
lund is set out in the rK)les lo the financial statements.
Page 14

HEADWAY BEDFORD
IA company Ilmltèd by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEfvI8ER 2022
INCOME FROM DONATIONS AND VOLUNTARY INCOME
Vnrestrl¢t•d R￿1rf¢t¢d
funds
funds
2022
2022
Total
lunds
2022
Total
funds
2021
Other contracts
Catering, outings and transport
Donations
Fundraising and collectlons
Grants
3.240
4.586
22,234
64,324
4.290
3,240
4,586
22,234
64.324
4.290
15,663
2.096
B.704
32.361
7,650
Total donations and ￿￿UnIary inMme
98.674
98,674
66.474
Total 2021
66,474
66,474
INCOME FROM CHARITABLE ACTIVITIES
Unrnstrkted RMtrl¢ted
fund$
funds
2022
2022
Total
funds
2022
Totsl
funds
2021
Day care contracts- NHS
Day cafe contracts- Social soThices
165,3S6
84,815
165,356
84,815
161,331
115,410
2SO.171
250,171
276,741
Total 2021
276,741
276,741
Page 15

HEADWAY BEDFORD
{A ¢ompany limited by guarantoel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
INVESTMENT INCOME
Unrestrl¢t•d
funds
2022
ReBtrict•d
fund$
2022
Total
funds
2022
Total
funds
2021
Dwidends
Deposit interest
67
67
784
63
186
8S1
851
Total 2021
248
P•3e 16

HEADWAY BEDFORD
{A Company Ilmlted by guarantse}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
DIRECT COSTS
Total
2022
Total
2021
A¢tivities
Catering and outsng$
Clvènl transport
Therapy materials. facilty hire
Computer equipment and sundry costs
Volunteer Iravelling expenses
Rates
Health and safety
Promobonal costs I g¢x#d$
Cleaning
Building ￿PaIrS. maintenance. security patro
Service charge
Telephone
General travelling expenses
Training and serninars
National magazine 8n¢J Affiliation
Postage and stslionery
Insurance
Sundry expenses
Professional feès
Bank charges
HMRC Interest paid
Recruilmenl costs
Wages and sala
National insurance
Pension cost
Depreciath"on
512
76
9.195
11,481
437
12,1561
2.778
612
76
9.196
11881
437
12.1581
2.778
183
6,897
6,697
185
1,245
2,302
4,723
1.125
18.862
7,476
1.171
16,140
433
1,666
1,485
19
627
2,280
2,486
288
228
7,476
1.171
16.140
433
1.666
IA85
19
627
2.280
2.486
288
228
4,834
230
2,255
1,804
270
3.780
288.613
22,517
3,405
1,817
3,780
288,613
22,S17
3,405
1,817
284,361
20,322
2,833
1.259
376.753
376,753
360,802
Total 2021
360.802
360.802
Page 17

HEADWAY BEDFORD
IA company limited by guarantse
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE
Stsff costs D•preclation Oth•r costs
2022
2022
2022
Total
2022
Total
2021
Direct costs
Expenditure on govemance
314,535
1,817
60,401
3,213
376,753
3,213
360.802
4.008
314.535
1,817
63.614
379.966
364.810
Total 2021
307,516
1.259
56,035
364,810
NET INCOMEIIEXPENDITURE}
This is stated after charging..
2022
2021
Depreciation of tangible f￿ed assets..
- owned by the Charity
1.817
1,259
INDEPENDENT EXAMINER'S REMUNEFiATION
The Independent Examinerfs remunerab'on amounts lo an Indepgndent Examinati￿ fee of £3.21312021-
£2,760)
Page 18

HEADWAY BEDFORD
{A company limited by guar4nteo1
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
STAFF COSTS
Stsff costs were as folk)ws.'
2022
2021
Wages and salaries
Social security costs
other pension costs
288.613
22.517
3.406
284,361
20.322
2,833
314,535
307.516
The average nurnter of persons employed by the comp8ny dullng the year wa$ as follows,.
2022
No.
12
2021
No,
14
No employee received romunernbon amounting lo more than £60,000 in either year.
10. TANGIBLE FIXEO ASSETS
Flxlur•s and
fittlng8
Long Ilf•
•qulpment
Tools and
•qulpment
Totsl
Co8t
At 1 January 2022
Additions
10.698
33,800
16.033
2,761
80.531
2,761
Al 31 December 2022
10,698
33,800
18.794
63,292
Depr•cl*tlon
Al 1 January 2022
Charge for the year
9,085
516
27,782
575
15,887
726
52.754
1,817
Al 31 December 2022
9.601
28.357
16.613
64,571
Net book value
Al 31 December 2022
1,097
5A43
2,181
8,721
At 31 December 2021
1.613
6.018
146
7.777
All fixed tsngible assets were used for charitable purposes.
Paae 19

HEADWAY BEDFORD
IA company limlted by guarantsel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
11. FIXED ASSEf INVESTMENTS
Llstèd
securltlfjs
Market value
At 1 January 2022
Movement on revaluabon
$47
11281
Al 31 December 2022
419
Valuatlon
Listed investments are slated at their MKI market value al the balance sheet date.
The ￿rtfoliO consists of 152 ordinary 12.5p shar95 in Reed Elsevw pl¢.
12. OEBTORS
2022
2021
Trade debtor5
Other debtors
62,657
8.932
20,318
12.946
71,589
33,264
13. CREDITORS: Amounts lalllng due wlthln one year
2022
2021
Trade credito
Other taxation and social secunty
Other creditors
48,172
5,260
18.926
64,621
4,749
8,522
72,358
67.892
Page 20

HEADWAY BEDFORD
IA company limited by gu*ranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OECEMBER 2022
14. STATEMENT OF FUNDS
STATEMENT OF FUNDS- CURRENT YEAR
Balancè at
31
GaIn￿ Docombfrr
{Lo$sttl
2022
Balance at
1 January
2022
Incom• Expendlturo
D￿agnated funds
Occupational therapist
Serviee devejopment
20AOO
9,286
20,400
9,286
29.686
29,686
G•n•r*l funds
General Funds
278,829
349.696
1379,8171
11281
248,580
Total Unreslricied funds
308.515
349,696
1379.8171
{1281
278.266
Re$trl¢t•d fund¥
DeParys Rotary Club IHoi$t}
1.489
{1491
1,340
Total of funds
310.004
349,696
1379,9661
{1281
279.606
STATEMENT OF FUNDS- PRIOR YEAR
Balance at
31
Gainsl December
{Lossesl
2021
1 January
2021
Income Expenditufe
Deslgnated funds
Occupational therapist
serV￿e development
General Funds
20.400
9.286
20.400
9.286
278,829
300,361
343,463
{364,645)
13501
Restricted fund5
DeParys Rotary Club {Hoist}
1,654
{165}
1N89
Page 21

HEADWAY BEDFORD
IA company limited by gvarnnteel
NOTES TO THE FINANCEAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
SUMMARY OF FUNDS- CURRENT YEAR
Balan¢• at
31
GaIn￿ Oecembfrr
{Lossesl
2022
Balance at
1 January
2022
In¢omo Exp•ndltur•
DeS￿nated funds
General lunds
29,686
278.829
29,686
248,580
349.696
1379.8171
11281
308.515
1.409
349,696
{379.8171
1149)
1128)
278,268
Reslricled funds
310.004
349.696
1379,9661
11281
279,606
SUMMARY OF FUNDS - PRIOR YEAR
88lan¢e al
31
Gaintj December
{Lossesl
2021
8aLqnce at
1 January
2021
InC￿e Expenditurn
Designated funds
General funds
29,686
300.361
29.686
278.829
343A83
1364,645)
13501
330.047 343.463
1.654
1364,6451
11651
13501
308,515
1.489
ReslrKted funds
331.701
343A63
364.8101
{3501
310.004
Page 22

HEADWAY BEDFORD
IA company Ilmited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
1S. ANALYSIS OF NET ASSETS BETWEEN FUNDS
ANALYSIS OF NET ASSETS BETWEEN FUNDS- CURRENT YEAR
Unrestrlcted Re$trf¢ted
lunds
funds
2022
2022
Total
funds
2022
Tangible fixed assets
Fixed asset investment$
Current assets
Creditors due wlhin one year
7,381
419
342.824
(72,3581
8,721
419
342,824
{72,3581
278.266
279,606
ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR
Unreslrthd
fvnds
2021
Restricted
funds
2021
Total
funds
2021
Tangible fixed assets
Fixed a$sel investments
Current assets
Creditors due within one year
6,288
$47
369,572
{67,8921
1,489
7,777
647
369,572
{67.8921
308,S15
1,489
310.004
P4e 23

HEADWAY BEDFORD
IA ¢ompany limlled by guarantse)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
18. PENSION COMMITMENTS
'The charitable company operates a defirwf conth'butsons pension scheme. The assets of the scheme are
held separately from those of the charitable company in an iridependeTrlly administered fund. The pgnsion
cost charge represents contributions payable by the charitable company lo the fvnd and amounted lo
£4,724 12021 £2.8331. Contributions lolalling £2.156 (2021 £1,152) were payable to the fvnd al the
balance sheet dale and are included in creditors.
17. RELATED PARTY TRANSACTIONS AND TRUSTEES REMUNERATION
The Trustees recefved no emoluments or rèimbursement of expenses12021 - nill. In the opinion ol the
Trustees there We￿ no related party transact￿$ falling lo be disck>sed in these accounts.
Tho Charity has ultimate controlling party.
Page 24