Registered number: 03690891
Charity number: 1075469
HEADWAY BEDFORD
(A company limited by guarantee)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

HEADWAY BEDFORD
(A company limited by guarantee)
CONTENTS
Page
Reference and administrative details of the charity. its trustees and adviserJ
Trustees. report
Independent examinerfs report
Statement of financial activities
Balance sheet
9-10
Notes to the financial statements
11-23

HEADWAY BEDFORD
(A company limited by guarantee)
REFERENCE AND ADfvIINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2023
Trustees
Dr Linda Candita
Eamon McDonnell
Maria Disapia (deceased 10 Odober 2024)
Company registered number
03690891
Charity registered number
1075469
Registered office
Headway House
Bedford Health Village
Kimbolton Road
Bedford
MK40 2NT
Chief executlve officer and company secretary
Christopher Batten
Independent examiner
MHA
Chartered Accountants
Century House
The Lakes
Northampton
NN4 7HD
Bankers
TSB Bank plc
Barton-le-clay
Bedfordshire
Page 1

HEADWAY BEDFORD
(A company limited by guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees present their annual report together wth the financial statements of the Company for the year
ended 31 December 2023. The Annual Report serves the purposes of both a Trustees. report and a
directors, report under company law. The Trustees ￿nfim) that the Annual Report and financial ststements of
the charitable company comply with the current statutory requirements. the requirements of the charitable
company's governing document and the provisions of the Statement of Recommended Practice ISORP)
applicable to charities preparing their accounts in accordance Trmth the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the company qualifies as small under sectton 383, the strategic report required of medium and large
companies under The Companies Act 20(￿ (strategic Report and Directors Report) Regulations 2013 is not
required.
OBJECTNES AND ACTIVITIES
a. OBJECTIVES
The activities of the charitable company are to provTrde rehabilitation and support to people who have suffered
brain injury, including strokes, their families and carers and to provide seplices and f￿[litIeS for such persons.
b. PUBLIC BENEFIT
The Trustees have given consideration to the Charity ComMiss￿n'S general guidance on public benefit when
reviewing the charitys objects and planning its activities. We assist our clients by providing a holistic approach
to the rehabilitation process. The positive impact of our service includes structured activities in a stimulating
environment. a central venue that encourages and challenges individuals and that facilitates much needed peer
support, goal seth'ng which encourages client participation and ongoing progress, community reintegration,
reduced feelings of isolation, increased confidence and motivation. a support ne￿rk for carers, and providing
respite for carers.
c. ACHIEVEMENTS AND PERFORMANCE
2023 saw most of the remaining pandemic effects at the centre disappear. Most clients attended regularty. and
social distancing was relaxed. However, there were still consequences being felt by some extemal agencies
who were remote working and experienong staff shortages and organisational change. This continued to affect
our refe￿81$ and transfers be￿een NHS and Social Servi￿$ funding. By the end of the year, though, referrals
had recovered from 70 in 2022 to 105 for 2023.
However, this was too late to increase our funding sufficienty to avoid a significant deficit again. Although there
was an increase in Social Services fvnding per head the cost of inflation and reduction in donations more than
offset this. An intensive exercise to increase Social Services client numbers with CO￿peratIon of the Adult
Social Services team in Bedford was begun during the latter half of 2023. This has bome some fruit in 2024,
although some problems continue to be addressed.
It was the sixteenth full year in the refurbished and improved premises moved into in 2007.
Development of the Infrastructu￿ for key working and goal setting with our clients continued. and the provision
of cognitive exercises at both group and individual levels; the speech therapy, physiotherapy and occupational
therapy all continued to aid in our clients, rehabilitation. Our tutored art and craft work e.g., digital photography
and cookery, together wth mindfulness and fatsgue management sessions. all continued. Group singing, for
those with speech impairments. continued.
We continued to develop our systems for "personalisation.. (As in wevious years we had been able to
Page 2

HEADWAY BEDFORD
(A company limited by guarantee)
TRUSTEES. REPORT (continued)
FOR THE YEAR ENDED 31 DECEMBER 2023
demonstrate that our key working and goal setting approaches could be linked to improved outcomes in this
universal framework).
Our three main statutory funders continued to be the NHS and the Bedford Borough and Central Bedfordshire
Social Services teams The NHS contract has now been renewed again until April 2025. although with some
aspects of it 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) continued to provide services for people with a
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 authortties.
The Board would again like to thank all the staff and volunteers of Headway Bedford for their dedication and
hard work throughout the year.
ACTIVITIES
a. REVIEW OF ACTIVITIES
There was a deficit for the year before realised and unrealised revaluation profits on investments amounting to
£34,957 (2022 - £30,270).
The unrealised loss on investment assets amounted to £228 (2022 - £128).
Unrestrided funds at 31 December 2023 amounted to £243,215 (2022". £278,266). Restricted funds at 31
December 2023 amounted to £1.206 {2022. £1,340)
b. INVESTMENT POLICY AND PERFORMANCE
All funds not required for immediate use are held on interest bearing bank deposit
Page 3

HEADWAY BEDFORD
(A company limited by guarantee)
TRUSTEES. REPORT (continued}
FOR THE YEAR ENDED 31 DECEMBER 2023
FINANCIAL REVIEW
a. GOING CONCERN
After making appropriate enquiries. the trustees have a reasonable expectation that the company has adequate
resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt
the going concern basis in preparing the finan￿al statements. Further details regarding the adoption of the
going concem basis Can be found in the Accounting Policies.
b. RESERVES POLICY
It is the policy of the trustees not to hold specffic reserves. The purpose of the unrestricted furKls ('free
reserves,) is to provide all seNices as set out elsewhere in this report. In general. the aim is to maintsin liquid
assets at a level equivalent to six months operab.ng costs.
STRUCTURE. GOVERNANCE AND MANAGEMENT
. CONSTITUTION
The company is registered as a charitable company limited by guarantee by tts Memorandum and Articles of
Association dated 18 January 1999. The charitable company was formed to take over the activities of an
unincorporated charity, Headway House Bedford, whose assets were transferred to the charitsble company on
1 January 1999.
The company has a registered charity number 1075469.
The activities of the charitable company are to promde rehabilitation and support to people who have suffered
brain injury. including strokes, their families and carers and to provide servios and facilib'es 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
terms of the Trust deed.
c. ORGANISATIONAL STRUCTURE AND DECISION MAKING
There is a Board of Trustees, all of whom are directors of the company, who consider all significant expenditure
and other requests at their meetings. The charity employs a chief executtve who refers to the Board of Trustees
as appropriate.
d. RISK MANAGEMENT
The main risk identrfied for on-going attention by the Board of Trustees continues to be the Un￿rtaInty of
statutory income fluctuations. An additional risk identified in 2014 concemed NHS responsibilrties 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 Propety Services - is our landlord. During
2018 and 2019 the CCG mooted the possibilty that it might like to c￿ate a new intensive stroke rehab facility
using Hea￿al$ premises with Headway being relocated elsewhere. Although this idea was dropped for the
time being after oppogts'on and lobbying by Headway and its supporters, it may arise again and will be kept
under review.
Page 4

HEADWAY BEDFORD
(A company Itmfted by guardntee)
TRUSTEES. REPORT (continued)
FOR THE YEAR ENDED 31 DECEMBER 2023
e. TRUSTEES
The present membership of the Board is set out on page 1. Except as otherwise noted, all trusteesldirectors
seNed throughout the year. One third of the Board are required to 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 set out below.
Dr Linda Candita
Eamon McDonnell
Maria Disapia (deceased 10 October 2024)
Trustees are appointed or reap￿Inted in accordance y￿th 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 fof trustees. if required.
Page 5

HEADWAY BEDFORD
(A company limited by guardntee)
TRUSTEES, REPORT (contlnued)
FOR THE YEAR ENDED 31 DECEMBER 2023
TRUSTEES. RESPONSIBIUTIES STATEMENT
The Trustees (who are also directors of Headway Bedfoid for the purposes of company law) are responsible for
preparing the Trustees. report and the financral ststements in accordance wilh applicable taw and United
Kingdom Accounting Standards (United Kingdom Genèralty Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law
the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair
view of the stale of affairs of the charitable company and of the incoming resOUr￿S application of resources.
including the income and expendrture, of the charitable company for that perioj. In preparing these financial
statements, the Trustees are required to-.
select suitable accounting policies and then appty them consistenttr.
observe the methods and principles in the Charilies SORP".
make judgments and accounting estimates that are reasonable and prudent:
prepare the financial ststements on the going concern basis unless tt 15 inappropriate to presume that the
charilable company will continue in operation.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the charitable ct)mpany's transactions and disclose with reasonable accuracy at any time the financial position of
Ihe charitable company and enable them to ensure that the financial statements comply with the Companies A
2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking
reasonable steps for the prevention and detectron of fraud and other irregularf(ies.
The Trustees are responsible for the maintenance and integrity of the corporate and financial infomation
included on the charitable CoMpan￿S website. Legislation in the United Kingdom goveming the preparation and
dissemination of financial ststements may differ from legislation in other jurisdictions.
This report was app
Dr Linda Candita
Chair of Trust*s
Page 6

HEADWAY BEDFORD
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HEADWAY BEDFORD (the 'compan￿}
I report to the charity Trustees on my examination of the accounts of the company for the year ended 31
December 2023.
RESPONSIBILITIES AND BASIS OF REPORT
As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the
preparation of the accounts in accordan￿ with the requirements of the Companies Act 2006 (Ihe 2006 A¢V).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination, I rewrt in respect of my examination of the company's
accounts carried out under seclion 145 of the Charities Act 2011 ('the 2011 ACY). In carying out my examination
I have followed the Direcbons given by the Charity Commission under seGtion 145{5){b) of the 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
Sints the company's gross income exceeded £250,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confim that l am qualified to undertake the examination because l am a member
of ICAEW. which is one of the listed bodies.
I have completed my examination. I can confimi that rm) matters have come to 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 accountsng requirements of section 396 of the 2006 A¢t other than
any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of
an independent examination: or
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 to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102)]
I have no concems and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Signed..
Rebecca Hughes BSclHons) FCCA
MHA
Chartered Accountants
Century House
The Lakes
Northampton
NN4 7HD
Dated.. 2￿ ockekncJ 213 2 L
Page 7

HEADWAY BEDFORD
{A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestricted Restricted
funds
funds
2023
2023
Total
funds
2023
Total
funds
2022
Note
INCOME FROM:
Donations and voluntary income
Charitable activities
Investments
B7,022
274,498
1,547
87,022
274,498
1.547
98,674
250,171
851
TOTAL INCOME
363,067
363,067
349,696
EXPENDITURE ON:
Charitable activities
397.890
134
398,024
379,966
TOTAL EXPENDITURE
397.890
134
398,024
379.966
NET EXPENDITURE BEFORE INVESTMENT
LOSSES
Net losses on investments
(34,823)
(228
(134)
134,957
(228
(30,270)
(128
NET EXPENDITURE BEFORE OTHER
RECOGNISED GAINS AND LOSSES
(35,051)
1134)
135,185)
(30.3981
NET MOVEMENT IN FUNDS
{35.051)
{134)
(35,1851
130,398)
RECONCILIATION OF FUNDS:
Total funds brought forward
278.266
279,606
310,004
TOTAL FUNDS CARRIED FORWARD
243.215
1.206
244,421
279,606
The notes on pages 11 to 23 form part of these financial ststements.
The charity has no recognised gains or losses other than the results for the year as set out above.
Page 8

HEADWAY BEDFORD
(A company Ilmited by guarantee)
REGISTERED NUMBER: 03690891
BALANCE SHEET
AS AT 31 DECEMBER 2023
2023
2022
Note
FIXED ASSETS
Tangible assets
Investments
10
11
17,775
191
,721
419
17,966
9.140
CURRENT ASSETS
Debtors
Cash at bank and In hand
12
21.985
232,169
71.589
271,235
254.154
342,824
CREDITORS: amounts falling due within
one year
13
(27,6991
{72,358)
NET CURRENT ASSETS
226,455
270,466
NET ASSETS
244.421
279,606
CHARITY FUNDS
Restricted funds
Unrestricted funds
14
14
1.206
243.215
1,340
278,266
TOTAL FUNDS
244,421
279,606
Page 9

HEADWAY BEDFORD
(A company Ilmlted by guarantee)
BALANCE SHEET (continued)
AS AT 31 DECEMBER 2023
The company's financial statements have been prepared in accordance with the prowsions appficable to
companies subject to the small ccynpanies regime and in accordance with the provisions of FRS 102 Sectton
1A - small entities.
The Trustees consider that the company is entiued to exemption from the requirement lo have an audit under the
provisions of section 477 of the Companies Act 2006 ('Ihe Act") and members have not required the company to
obtain an audrt for the year in question in accordance with section 476 of the Act.
The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006
with respect to accounting records and the preparation of financial statements.
The financial statements were approved and authorised for issue by the Trustees on
soned on their behalf. by..
2S
and
Dr Linda Candita
Chalr of Trustees
Eamon McDonnell
Trustee
The notes on pages 11 to 23 form part of these fina
al statements.
Page 10

HEADWAY BEDFORD
{A Company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES
1.1 Basis of preparation of financial statsments
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities: Statement of Recommended Practrce applicable to charib'es preparing their accounts in
accordance wrth the Financial ReFK)rting Standard applicable in the UK and Republic of Ireland (FRS
102) (effective 1 January 2019). the Financial Reporting Standard applicable in the UK and Republic
of Ireland (FRS 102) and the CompanEs Act 2006.
Headway Bedford meets the definition of a public benefft entity under FRS 102. Assets and liabilities
are inits'ally recognised at historical cost or transaction value unless otherwise stated in the relevant
accounting policy.
1.2 Reconciliation with prevlous Generalty Accepted Accounting Practice
In preparing these accounts. the Trustees have considered whether in applying the accounting
policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparattve
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 liabilty 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 ￿n￿rn basis.
The Trustees have not identtfied any material uncertainties that may cast SKJnificant doubt about the
ability of the charitable company to continue as a going concern.
Based on these assessments and having regard to the resources available to the charitable
company, the Truslees have concluded that there is no material uncertainty and that they can
continue to adopt the going concern basis in preparing the annual report and accounts.
Page11

HEADWAY BEDFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES ICONTINUED)
1.5 Income
All income is recognised once the company has entitlement to the income, it is probable Ihat the
ncome will be received and the amount of income receivable can be measured reliably.
For legacies, entiuement is taken as the eartier of the date on which either.. the company is aware
that probate has been granted, the estate has been finalised and notsficab'on has been made by the
executor{s} to the Trust 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 conshdered probable when the amount can be
measured reliably and the company has been notified of the executor's intention to make a
distribution. Where legacies have been notified to the company, or the company is aware of the
grants'ng of probate, and the crrteria for income recognition have not been met, then the legacy is
treated as a conbngent 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 meL the receipt of economic benefit from the
use of the company of the rtem is probable and that economic benefit can be measured reliably. In
accordance with the Charits"es SORP (FRS 102). the general volunteer time is not recognised
financialty and refer to the Trustees, report for more infomiatson about their contribution.
On re￿ipt, donated professional Serv￿ and donated facilities are 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 equivaFent economic benefrt on the open market,. a corresponding
amount is then recognised in expenditure in the period of receipt
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is
re¢ognised at the time of the donation.
Income tsx recoverable in relation to investment income is recognised at the time the investment
income is re￿nIable.
1.6 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic
benefit to a third paty. it is probable that a transfer of economic beneffts wll be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is classified by
activity. The costs of each acttvty are made up of the total of direct costs and shared costs.
including support costs involved in undertaking each activty. Direct costs attributable to a single
acts'vity are allocated direcuy to that activity. Shared costs which contribute to more than one activity
and support costs which are not attributable to a single activity are apportioned between those
activities on a basis consistent with the use of resources. Central staff costs are allocated on the
basis of time spenc and depreciation charges allocated on the portion of the assevs use.
Govemance costs are those incurred in connection with administration of the company and
compliance with constitutional and statutory requirements.
Charitable activities and Govemance costs are costs incurred on the companys educational
operations. including support costs and costs relating to the governan￿ of the company apportioned
to charitable activities.
Page 12

HEADWAY BEDFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES (CONTINUED)
1.7 Tangible fixed assets and depreciation
All assets costing more than £250 are capitalised.
A review for impainnent of a fixed asset is carried out if events or changes in circumstan￿$ indicate
that the carrying value of any fixed asset may not be recoverable. Shortfalls be￿en the carying
value of fixed assets and their recoverable amounts are recognised as impairments. Impairment
losses are recognised in the Statement of financial actNities incorporating income and expenditure
account.
Tangible fixed assets are carried at cost. net of depreciation and any provision for impairment.
Depreciation is provided at rates calculated to wrtte off the cost of fixed assets, less their estimated
residual value. over their expected useful Iwes on the following bases:
Fixtures and fittings
Long life equipment
Tools and equipment
25D
250
1.8 Investments
Fixed asset investments are a fonn of finanaal instrument and are initially recognised at their
transaction cost and subsequently measured at fair value at the Balance sheet date. unless fair
value cannot be measured reliably in which case it is measured at cost less impairment. Investment
gains and losses, whether realised or unrealised, are combined and shown in the heading
'Gainsl{losses} on investments. in the Statement of financial activities incorporating income and
expenditure account.
1.9 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the company" this is normally upon notification of the interest paid or payable by the Bank.
1.10 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
1.11 Cash at Bank and in hand
Cash at bank and in hand includes cash and short tenn highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the derA)Sit or similar
account.
Page 13

HEADWAY BEDFORD
(A eompany Ilmited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES (CONTINUED)
1.12 Liabllltles and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the
amount of the settlement can be estimated reliabty. LiabilitEs are recognised at the amount that the
company anticipates it will pay to settle the debt or the amount it has received as advanced
payments for the goods or services it must prowde. Provisions are measured at the best estimate of
the amounts required to settle the obligation. Where the effect of the time value of money is
material, the provision is based on the present value of those amounts. distt)unted at the pre-tax
discount rate that reflects the risks specific to the liability. The unwinding of the discount is
recognised within interest payable and similar charges.
1.13 Flnancial Instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial
inslruments.
Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value with the exception of bank loans which are
subsequently measured at amortised cost using the effective interest methcKI.
1.14 Pensions
The company operates a defined contribution pension scheme and the pension charge represents
the amounts payable by the company to the fund in respect of the year.
1.15 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the company and which have not been designated for other
purposes.
Restricted funds are funds vthich are to be used in accordants wrth specrfic ￿$triCtionS 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 specffic fund. The aim and use of each restricted
fund is set out in the notes to the financial statements.
Page 14

HEADWAY BEDFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
INCOME FROM DONATIONS AND VOLUNTARY INCOME
Unrestricted Restricted
funds
funds
2023
2023
Total
funds
2023
Total
funds
2022
Other contracts
Catering, outings and transport
Donations
Fundraising and collectsons
Grants
3,213
5,806
4,895
73,108
3,213
5.806
4,895
73,108
3,240
4,586
22,234
64,324
4,290
Total donations and voluntary income
87,022
87,022
98,674
Total 2022
98,674
98,674
INCOME FROM CHARITABLE ACTMTIES
Unrestricted
funds
2023
Restricted
funds
2023
Total
funds
2023
Total
funds
2022
Day care contracts - NHS
Day care contracts - Social seNices
177.995
96,503
177,995
96.503
165,356
84,815
274,498
274,498
250,171
Total 2022
250,171
250,171
Page 15

HEADWAY BEDFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
INVESTMENT INCOME
Unrestricted Restricted
funds
funds
2023
2023
Total
funds
2023
Total
funds
2022
Dividends
Deposit interest
51
1A96
51
1.496
67
784
1,547
1,547
851
Total 2022
851
851
DIRECT COSTS
Total
2023
Total
2022
Activities
Catering and outings
Client transport
1.125
143
1.125
143
512
76
Fljl
Therapy materials, facility hire
Computer equipment and sundry costs
Volunteer travelling expenses
Rates
Health and safety
Cleaning
Building repairs, maintenance, security patrols
Service Gharge
Telephone
General travelling expenses
Training and seminars
National magazine and Affiliats-on
Postage and stationery
Insuran
Sundry expenses
Professional fees
Bank charges
Client courses
Recruttment costs
Wages and salaries
National insurance
Pension cost
Depreciation
6.735
12,107
1,727
1,606
1,196
9,732
1,556
16.015
320
1,589
3,983
13
1,512
2,876
856
518
239
4,415
4,669
295,595
17,638
4,242
4,679
6.735
12,107
1,727
1,606
1,196
9,732
1,556
16,015
320
1.589
3.983
13
1.512
2,876
856
518
239
4,415
4,669
295,595
17.638
4.242
4,679
9,195
11,481
437
12,1561
2,778
7,475
1,171
16,140
433
1,666
1.485
19
627
2,280
2,486
288
228
3,780
288.613
22,517
3,405
1,817
395,086
395.086
376,753
Total 2022
376.753
376,753
Page 16

HEADWAY BEDFORD
{A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE
Staff costs Depreciation Other costs
2023
2023
2023
Total
2023
Total
2022
Direct costs
Expenditure on govemance
317.475
4.679
72.932
2,938
395,086
2,938
376.753
3,213
317,475
4,679
75,870
398,024
379,966
Totsl 2022
314,535
1.817
63,614
379,966
NET INCOMEI(EXPENDITURE)
This is stated after charging:
2023
2022
Depreciation of tangible fixed assets..
- owned by the charity
4.679
1.817
INDEPENDENT EXAMINER'S REMUNERATION
The Independent Exarninerfs remuneration amounts to an Independent Examination fee of £2,93812022
£3,213).
Page 17

HEADWAY BEDFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
STAFF COSTS
Staff costs were as follows".
2023
2022
Wages and salaries
Social security costs
Other pension costs
295.595
17,638
4,242
288,613
22,517
3,405
317.475
314,535
The average number of persons employed by the company during the year VRS as follows..
2023
No.
12
2022
12
No employ￿ received remuneration amounting to more than £60.000 in either year.
10. TANGIBLE FIXED ASSETS
Flxtures and
rittings
Long lrfe
equipment
Tools and
equipment
Total
Cost
At 1 January 2023
Additions
10,698
33,800
787
18.794
12,946
63.292
13,733
At 31 December 2023
10,698
34,587
31,740
77,025
Depreciation
At 1 January 2023
Charge for the year
9.601
274
28.357
623
16,613
3,782
$4,571
4,679
At 31 December 2023
9.875
28,980
20.395
59.250
Net book value
At 31 December 2023
823
5.607
11,345
17,775
At 31 December 2022
1,097
S,443
2,181
8,721
All fixed tangible assets were used for charitable purposes.
Page 18

HEADWAY BEDFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
11. FIXED ASSET INVESTMETrtrs
Listed
securitiès
Market value
At 1 January 2023
Movement on revaluation
419
(228)
At 31 December 2023
191
Valuation
Listed investments are stated at their mid market value at the balan￿ sheet date.
The portfolio Consists of152 ordinary 12.5p shares in Reed Elsevier plc.
12. DEBTORS
2023
2022
Trade debtors
Other debtors
18,963
3.022
62,657
8,932
21,985
71,589
13. CREDITORS: Amounts falllng due within one year
2023
2022
Trade creditors
Other taxation and social security
other creditors
13,751
5.451
8,497
48,172
5,260
18,926
27.699
72,358
Page 19

HEADWAY BEDFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
14. STATEMENT OF FUNDS
STATEMENT OF FUNDS - CURRENT YEAR
Balance at
31
Gainsl December
{Losses)
2023
Balance at
1 January
2023
Income Expendlture
Designated funds
Occupational therapist
Service development
20.400
9.286
20,400
9.286
29,686
29,686
General funds
General Funds
248,580
363,067
(397,890)
{2281
213,529
Total Unrestricted funds
278,266
363,067
1397.890)
1228)
243,215
Restricted funds
DeParys Rotary Club (Hoist)
1.340
(134)
1.206
Total offunds
279.606
363.067
1398,024)
1228)
244,421
STATEMENT OF FUNDS - PRIOR YEAR
Balance at
31
Gainsl December
(Losses)
2022
Balan￿ at
1 January
2022
Income Expenditure
Designated funds
Occupational therapist
SeDiice development
General Funds
20,400
9,286
20,400
9,286
248,580
278.829
349,696
(379,817)
(128}
Restrlcted funds
DeParys Rotary Club (Hoist)
1889
1149)
1,340
Page 20

HEADWAY BEDFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
SUMMARY OF FUNDS - CURRENT YEAR
Balance at
31
Gainsl December
(Losses)
2023
Balance at
1 January
2023
Income Expenditure
Designated funds
General funds
29,686
248,580
29,686
213,529
363,067
1397,890)
(228)
278,266
1.340
363,067
(397,890)
(1341
(2281
243,215
1,206
Restricted funds
279.606
363,067
{398,024)
1228}
244,421
SUMMARY OF FUNDS - PRIOR YEAR
Balance at
31
Gainsl De￿mber
(Losses)
2022
Balance at
1 January
2022
Income Expenditure
Designated funds
General funds
29.686
278.829
29,686
248,580
349,696
(379.817)
(128)
308,515
1,489
349.696
(379,817)
(1281
278,266
1.340
Restricted funds
310,004
349.696
(379.966)
(128)
279.606
Page 21

HEADWAY BEDFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
15. ANALYSIS OF NET ASSETS BETWEEN FUNDS
ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR
Unrestricted Restricted
funds
funds
2023
2023
Total
funds
2023
Tangible fixed assets
Fixed asset inveslments
Current assets
Creditors due within one year
16,569
1,206
17,775
191
254,154
(27,699)
254.154
127.699)
243,215
1,206
244,421
ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR
Unrestricted
funds
2022
Restricted
funds
2022
Total
funds
2022
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
7.381
419
342.824
(72,3581
8,721
419
342,824
172,358
278.266
1,340
279,606
Page 22

HEADWAY BEDFORD
{A company limited by guaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
16. 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 independentty administered fund. The
pension Gost charge represents contributions payable by the charitable company to the fund and
amounted to £4,242 {2022 - £3.405). Contributions lotslling £937 (2022 - £838) were payable to the fund
at the balance sheet date and are induded in creditors.
17. RELATED PARTY TRANSACTIONS AND TRUSTEES REMUNERATION
The Trustees received no emoluments or reimbursement of expenses (2022 - £nil). In the opinion of the
Trustees there were no related paty transactions falling to be disclosed in these accounts.
The Charity has no uttimate controlling paty.
Page 23