Registered number: 03690891
Charity number: 1075469
HEADWAY BEDFORD
(A company limited by guarantee)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

HEADWAY BEDFORD
(A company limited by guarantee)
CONTENTS
Page
Reference and admlnlstrative details of the charlty, Its trustees and advlsers
Trustees. report
Independent examlner's report
ststement of financial activities
Balance sheet
Notes to the financial statements
10-22

HEADVVAY BEDFORD
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
Dr Linda Candits
Eamon McDonnell
Company registered number
03690891
Charity registered number
1075469
Registered office
Headway House
Bedford Health Village
Kimbolton Road
Bedford
MK40 2NT
Chief executive 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

HEADVVAY BEDFORD
(A company limited by guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their annual report together with the financial statements of the Company for the year
ended 31 December 2024. The Annual Report serves the purposes of both a Trustees, report and a
directors, report under company law. The Trustees confimi that the Annual Report and financial statements of
the charitsble company comply with the current statutory requirements, the requirements of the charitsble
companls governing document and the provisions of the Statement of Recommended Practi￿ {SORPI
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the company qualifies as small under section 383. the strategic report required of medium and large
companies under The Companies Act 2006 (Strategic Report and Directorfs Report) Regulations 2013 is not
required.
OBJECTIVES AND ACTIVITIES
. OBJECTIVES
The activities 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 services 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 charitls 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 setting which encourages client participation and ongoing progress, community reintegration,
reduced feelings of isolation. increased confidence and motivation. a support network for carers. and providing
respite for carers.
c. ACHIEVEMENTS AND PERFORMANCE
As reported in our Annual Accounts for 2023, it was not until near the end of that year that all the effort put in to
re-eslablish funding levels affected by the Covid epidemic started to bear fruit.
However, by the beginning of 2024 increases in funding from Local Authorities {particularfy Bedford) were
occurring regularly as more of our clients were supported by them and this continued throughout the year. We
are therefore able to declare a small surplus for 2024, in contrast to the large deficit reported for 2023.
It was the seventeenth full year in the refurbished and improved premises moved into in 2007.
Development of the infrastructure for key working and goal setting wilh our clients continued, and the provision of
ognitive exercises at both group and individual levels- the speech therapy and physiotherapy was maintained,
although occupational therapy had to be discontinued temporarily following retirement of our therapist.
Our
tutored art and craft work e.g., digitsl photography and cookery, together with mindfulness and fatigue
management sessions, were all maintained. Group singing. for those with speech impaim)ents, continued.
We continued to develop our systems for °personalisation." (As in previous years we had been able to
demonstrate that our key working and goal setting approaches could be linked to improved outcomes in this
universal framework).
Our three main statutory funders were the NHS and the Bedford Borough and Central Bedfordshire Social
Services teams. The NHS contract has now been renewed again unlil April 2026, although with some aspects of
it still needing attention.
Page 2

HEADVVAY BEDFORD
(A company limited by guarantee)
TRUSTEES. REPORT (continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
We conlinued to be a placement provider for Social servI￿s students and trainee nurses and were supported
throughout the year by around 50 volunteers. Some of the volunteers were interested in gardening, and together
with some of the clients, created a daZ￿Ing display of flowers in the garden at the back of the unit.
The Community Brain Injury Advisor project (started in 2011) maintained 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 authorities.
The Board would again like to thank all the stsff and volunteers of Headway Bedford for their dedication and hard
work throughout the year.
ACTIVITIES
. REVIEW OF ACTIVITIES
There was a surplus for the year before realised and unrealised revaluation profits on investments amounting to
£8.336 {2023- deficit of £34.957).
The unrealised loss on investment assets amounted to £115 (2023- £228).
Unrestricted funds at 31 December 2024 amounted to £251,557 {2023= £243,215). Restricted funds at 31
December 2024 amounted to £1.085 (2023: £1.206).
b. INVESTMENT POLICY AND PERFORMANCE
All funds not required for immediate use are held on interest bearing bank deposit.
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 conlinue to adopt
the going concern basis in preparing the financial statements. Further details regarding the adoption of the going
concern basis can be found in the Accounting Policies.
b. RESERVES POLICY
It is the policy of the Irustees not lo hold specific reSe￿eS. The purpose of Ihe unrestricted funds ('free reseNes')
is to provide all services as set out elsewhere in this report. In general, the aim is to maintain liquid assets at a
level equivalent to six months operating costs.
STRUCTURE, GOVERNANCE AND MANAGEMENT
. CONSTITUTION
The company is registered as a charitable company limited by guarantee by its Memorandum and Articles of
Association dated 18 January 1999. The charitable company was fomied to take over the activities of an
unincorporated charity, Headway House Bedford, whose assets were transferred to the charitable company on 1
January 1999.
Page 3

HEADVVAY BEDFORD
(A company limited by guarantee)
TRUSTEES. REPORT (continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
The company has a registered charity number 1075469.
The activities of the charitable company are to provide rehabilitstion and support to people who have suffered
brain injury, including strokes. their families and carers and to provide ServI￿S 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
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 executive who refers to the Board of Trustees
as appropriate.
d. RISK MANAGEMENT
The main risk identified for on-going attention by the Board of Trustees continues to be the uncertainty of
ststutory income fluctuations. An additional risk idenlified in 2014 concerned 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 servI￿s - is our landlord. During
2018 and 2019 the CCG mooted the possibility that it might like to create a new intensive stroke rehab facility
using HeadWa￿S premises with Headway being relocated elsewhere. Although this idea was dropped for the
time being after opposition and lobbying by Headway and its supporters, it may arise again and will be kept under
review.
e. TRUSTEES
The present membership of the Board is set out on page 1. Except as othe￿Ise noted, all trusteesldirectors
served 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 Candits
Eamon McDonnell
Maria Disapia (deceased 10 October 2024)
Trustees are appointed or reappointed in accordance with the Articles of Associalion.
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. if required.
Page 4

HEADWAY BEDFORD
(A company Ilmlted by guarantee)
TRUSTEES, REPORT Icontlnued)
FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES. RESPONSIBIUTIES STATEMENT
The Trustees (who are also diredors of Headway Bedford for the purposes of company law) are responsible for
preparing the Trustees. report and the financial statements in accordance wtth applicable law and United
Kingdom Accounting Standards {Untted Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law
the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair
view of the state of affairs of the charitable company and of the incoming resources and application of resources.
including the income arKJ expendrf(ure, of the ¢haritable company for that perM)d. In preparing these financial
statements. the Trustees are required to:
seled sutlable &counting policies and then apply them consistenty,
obseNe the methods and principles in the Charities SORP:
make jLxlgments and accountiry estimates that are reasonable and prudent.
prepare the financial ststements on the going Gonr£m basis unless it is inappropriate to presume that tho
charitable c(Mnpany wll continue in operation.
The Twstees are responsible for keeping adequate accounting records that are sufficient to show and explain
the charrtable G¢)mpanls transaclions and disclose with reascfflable accuracy at any time the financial posrtion of
the charTrtable company and enable them to ensure that the financial statements comply with the Companies Act
2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking
reasonable steps for the prevention and detection of fraud and other irregulartties.
The Trustees are responsible for the maintenance and integiity of the corporate and financial infomiation
included on the charitable companys website. Legtslaticffi in the United Kingdom goveming the preparation and
disseminatii)n of financial statements may differ from legislation in other jurisdictions.
This report was ap
the Trustees. on
and signed on their behalf by.
Dr Linda Candita
Chair of Trustees
Page 5

HEADVVAY BEDFORD
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HEADWAY BEDFORD (the 'company')
I report lo the charity Trustees on my examination of the accounts of the company for the year ended 31
December 2024.
RESPONSIBILITIES AND BASIS OF REPORT
As the Trustees of the company (and its directors for the purposes of company lawl you are responsible for the
preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,).
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 report in respect of my examination of the companys
accounts carried out under section 145 of Ihe Charities Acl 2011 {'the 2011 Act,). In carrying out my examination
I have followed the Directions given by the Charity Commission under section 145{5){b) of the 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
Since the companls gross income exceeded £250.000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member
of ACCA, which is one of the listed bodies.
I have completed my examination. I can confirm that no 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 wth the accounting requirements of section 396 of the 2006 Act other than
any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of
an independent examination- or
the accounts have not been prepared in accordance with the melhods and principles of the Statemenl of
Recommended Practice for accounting and reporting by charities applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 102).
I have no concerns 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 BSc(Hons) FCCA
Dated: 2610912025
MHA
Chartered Accountants
Century House
The Lakes
Northampton
NN4 7HD
Page 6

HEADVVAY BEDFORD
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted
funds
2024
Restricted
funds
2024
Total
funds
2024
Total
funds
2023
Note
INCOME FROM:
Donations and voluntary income
Charitable activities
Investments
98,238
330,138
2,191
98,238
330,138
2,191
87,022
274,498
1,547
TOTAL INCOME
430,567
430,567
363,067
EXPENDITURE ON:
Charitable activities
422,110
121
422,231
398,024
TOTAL EXPENDITURE
422,110
121
422,231
398,024
NET INCOME I (EXPENDITURE) BEFORE
INVESTMENT LOSSES
Nel losses on investments
8,457
(115)
{121)
8,336
(115)
(34,957)
(228)
NET INCOME I (EXPENDITURE) BEFORE
OTHER RECOGNISED GAINS AND
LOSSES
8.342
{121)
8,221
(35,185)
NET MOVEMENT IN FUNDS
8.342
{121)
8,221
(35,185)
RECONCILIATION OF FUNDS:
Total funds brought forward
243.215
1.206
244.421
279.606
251,557
1,085
252,642
244,421
TOTAL FUNDS CARRIED FORWARD
The notes on pages 10 to 22 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 7

HEADVVAY BEDFORD
(A company limited by guarantee)
REGISTERED NUMBER: 03690891
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Note
FIXED ASSETS
Tangible assets
Investments
10
11
16.985
76
17,775
191
17,061
17,966
CURRENT ASSETS
Debtors
12
54,806
215.459
21,985
232.169
Cash at bank and in hand
270,265
254,154
CREDITORS: amounts falling due within
one year
13
(34,684}
(27,699)
NET CURRENT ASSETS
235.581
226.455
NET ASSETS
252,642
244,421
CHARITY FUNDS
Restricted funds
Unrestricted funds
14
14
1,085
251,557
1,206
243,215
TOTAL FUNDS
252,642
244,421
Page 8

HEADWAY BEDFORD
IA company limited by guarantee)
BALANCE SHEET Icontlnued)
AS AT 31 DECEMBER 2024
The ¢ompanYs financial statements have been prepared in accordance with the provision5 applicable to
companies subject to the small companies regime arKI in ￿OrdanCe with the provisions of FRS 102 Section
1A - small entities.
The Trustees consider that the company is enttued to exemption from the requirement to have an audit under the
provisions of section 477 of the Companies Act 21x16 ('Ihe Acr,) and members have not required the company to
obtain an audit for the year in question in accordance with section 476 of the Act
The Trustees ackncfivledge their responsibiliknes for ccthplying with the requirements of the Companies Act 2006
with respect to accounting records and the preparation of financial ststements.
The financial ststements We￿ approved and authorised for issue by the Trustees on
SWJ9ed on their behalf. by.
ZS
and
Dr Linda Candlta
Chair of Trustees
Eamon McDonnell
/kAJL
T￿￿te0
The notes on pages 10 to 22 fomi part of these financial statements.
Page 9

HEADVVAY BEDFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with Accounting and Reporting by
Charilies.. Statement of Recommended Practi￿ applicable to charities preparing their accounts in
accordance with the Financial Reporting 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 Companies Act 2006.
Headway Bedford meets the definition of a public benefit entity under FRS 102. Assets and liabilities
are initially recognised at historical cost or transaction value unless otherwise stated in the relevant
accounting policy.
1.2 Reconciliation with previous Generally Accepted Accounting Practice
In preparing these accounts, the Trustees have considered whether in applwng the accounting
policies required by FRS 102 and the Charibes SORP FRS 102 the ￿Statement of comparative
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 concem
The financial statements have been prepared on a going concern basis.
The Trustees have not identified any material uncertainties that may cast significant doubt about the
ability of the charitable company to continue as a going concem.
Based on these assessments and having regard to the reSoUr￿S available lo the charilable
company, the Trustees have concluded that there is no material uncertainty and that they can
continue to adopt the going concem basis in preparing the annual report and accounts.
Page 10

HEADVVAY BEDFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES (CONTINUED)
1.5 Income
All income is recognised once the company has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
For legacies, entitlement is taken as the eadier of the date on which etther- the company is aware
that probate has been granted. the estate has been finalised and notification 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 considered 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
granting of probate, and the criteria for income recognition have not been mel, then the legacy is
treated as a contingent asset and disclosed if material.
Donated services or facilities are recognised when the company has control over Ihe item. any
conditions associated with the donated item have been met, the receipt of economic benefit from 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 102). the general volunteer time is not recognised
financially and refer to the Trustees. rew)rt for more infomiation about their contribution.
On receipt, donated professional ServI￿S 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 io 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 tax recoverable in relation to donations re￿iVed under Gift Aid or deeds of covenant is
recognised al the time of the donation.
Income tax recoverable in relation to investment income is reGognised at the time the investment
income is receivable.
1.6 Expenditure
Expenditure is rec(y3nised once there is a legal or constructive obligation to transfer economic
benefit to a third party. it is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is classified by
activity. The costs of each activity are made up of the total of direct costs and shared costs,
including support costs involved in undertaking each activity. Direct costs attributable to a single
activty are allocated directly to that activity- Shared costs which Gontribute to more than one activity
and support costs which are nol 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 spent. and depreciation charges allocated on the portion of the asset's 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 CoMpan￿S educational
operations, including support costs and costs relating to the governance of the company apportioned
to charitsble activities.
Page11

HEADVVAY BEDFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES (CONTINUED)
1.7 Tangible fixed assets and depreciation
All assets costing more than £250 are capitalised.
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 between the carrying
value of fixed assets and their recoverable amounts are recognised as impairments. Impaimient
losses are recognised in the Statement of financial activities incorporating income and expenditure
account.
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairmenl.
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
250
10Y.
25°
1.8 Investments
Fixed asset investments are a form of financial 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(lossesl 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.
PrepayTnents 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 temi highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
Page 12

HEADVVAY BEDFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES (CONTINUED)
1.12 Liabilities 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 reliably. Liabilities 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 provide. Provisions are measured at the best estimate of
the amounts required to settle the obligation. Where Ihe effect of the time value of money is
material, the provision is based on the present value of those amounts, discounted at the pre-tax
discount rate that reflects the risks spectfic to the liability- The unwinding of the discount is
recognised within interest payable and similar charges.
1.13 Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments.
Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value with the exception of bank loans which are
subsequently measured at amortised cost using the effective interest method.
1.14 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 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 restricted
fund is set out in the notes to the financial statements.
Page 13

HEADVVAY BEDFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
INCOME FROM DONATIONS AND VOLUNTARY INCOME
Unrestricted
funds
2024
Restricted
funds
2024
Total
funds
2024
Total
funds
2023
Other contracts
Catering, outings and transport
Donations
Fundraising and collections
3,491
6,249
16.669
71,829
3.491
6,249
16,669
71,829
3,213
5,806
4,895
73,108
Total donations and voluntary income
98,238
98,238
87,022
Total 2023
87,022
87,022
INCOME FROM CHARITABLE ACTIVITIES
Unrestricted
funds
2024
Restricted
funds
2024
Total
funds
2024
Total
funds
2023
Day care contracts- NHS
Day care contracts - Social services
172,462
157.676
172,462
157,676
177,995
96,503
330.138
330,138
274,498
Total 2023
274.498
274,498
Page 14

HEADVVAY BEDFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
INVESTMENT INCOME
Unrestricted
funds
2024
Restricted
funds
2024
Total
funds
2024
Total
funds
2023
Dividends
Depostt interest
24
2,167
24
2,167
51
1,496
2.191
2,191
1,547
Total 2023
1.547
1.547
DIRECT COSTS
Total
2024
Total
2023
Activities
Catering and OLrtings
Client transport
Therapy materials, facility hire
Computer equipment and sundry costs
Volunteer travelling expenses
Rates
Health and safety
Promotional costs
Cleaning
Building repairs, maintenance, securty patrols
servi￿ charge
936
2.856
2,340
16,108
1,799
1,197
2.074
1,494
12,557
1.393
16,675
936
2.856
2,340
16,108
1,799
1,197
2.074
1,494
12,557
1.393
16,675
1,125
143
6,735
12,107
1,727
1,606
1,196
9,732
1,556
16,015
Flli
Telephone
General travelling expenses
Training and seminars
National magazine and Affiliation
Postage and stationery
Insurance
Sundry expenses
Professional fees
Bank charges
Client courses
Recruitment costs
Wages and salaries
National insurance
Pension cost
Depreciation
360
928
1,811
19
2,639
2.784
1,372
7,824
270
9,410
3.000
300,769
19.858
4,779
3,904
360
928
1,811
19
2,639
2.784
1,372
7,824
270
9,410
3.000
300,769
19,858
4,779
3,904
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
419,156
419,156
395,086
Total 2023
395,086
395,086
Page 15

HEADVVAY BEDFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE
Staff costs Depreciation Oiher costs
2024
2024
2024
Total
2024
Total
2023
Direct costs
Expenditure on governance
325,406
3.904
89,846
3.075
419,156
3.075
395,086
2,938
325.406
3.904
92.921
422.231
398,024
Total 2023
317,475
4,679
75,870
398,024
NET INCOMEI(EXPENDITURE)
This is ststed after charging-
2024
2023
Depreciation of tangible fixed assets..
- owned by the charity
3,904
4,679
INDEPENDENT EXAMINER'S REMUNERATION
The Independent Examiner's remuneration amounts to an Independent Examination fee of £3,075 (2023 -
£2,938}.
Page 16

HEADVVAY BEDFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
STAFF COSTS
staff costs were as follows:
2024
2023
Wages and salaries
Social security costs
Other pension costs
300,769
19,858
4,779
295,595
17,638
4,242
325,406
317,475
The average number of persons employed by the company during the year was as follows:
2024
2023
12
12
No employee received remuneration amounting to more than £60,000 in either year.
10. TANGIBLE FIXED ASSETS
Fixtures and
rittings
Long life
equipment
Tools and
equipment
Total
Cost
At 1 January 2024
Additions
10,698
34,587
3.114
31,740
77,025
3,114
At 31 December 2024
10,698
37,701
31,740
80,139
Depreciation
At 1 January 2024
Charge for the year
9,875
206
28,980
862
20,395
2,836
59,250
3,904
At 31 December 2024
10,081
29,842
23,231
63,154
Net book value
At 31 De￿mber 2024
617
7,859
8.509
16,985
At 31 December 2023
823
5,607
11,345
17,775
All fixed tangible assets were used for charitable purposes.
Page 17

HEADVVAY BEDFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
11. FIXED ASSET INVESTMENTS
Listed
securities
Market value
At 1 January 2024
Movement on revaluation
191
(115)
At 31 December 2024
76
Valuation
Listed investments are stated at their mid market value at the balance sheet date.
The portfolio consists of 152 ordinary 12.Sp shares in Reed Elsevier plc.
12. DEBTORS
2024
2023
Trade debtors
Other debtors
50,386
4,420
18,963
3,022
54.806
21,985
13. CREDrroRS: Amounts falling due within one year
2024
2023
Trade creditors
Other taxation and social security
Other creditors
15.529
5,917
13,238
13,751
5,451
8,497
34,684
27,699
Page 18

HEADVVAY BEDFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
14. STATEMENT OF FUNDS
STATEMENT OF FUNDS - CURRENT YEAR
Balance at
31
Gainsl December
(Losses)
2024
Balance at
1 January
2024
Income Expenditure
Deslgnated funds
Occupational therapist
Service development
20.400
9,286
20,400
9,286
29,686
29,686
General funds
General Funds
213,529
430,567
(422,110)
(115)
221,871
Total Unrestricted funds
243.215
430.567
(422.110
(115)
251,557
Restricted funds
DeParys Rotary Club (Hoist)
1,206
(121)
1,085
Total of funds
244.421
430.567
(422.231)
<115)
252.642
STATEMENT OF FUNDS - PRIOR YEAR
Balance at
31
December
2023
Balance at
1 January
2023
Gainsl
(Losses)
Income Expenditure
Designated funds
Occupational therapist
Service development
General Funds
20,400
9,286
20,400
9,286
248.580
363.067
(397.890)
(228)
213.529
Restricted funds
DeParys Rotary Club (Hoist)
1,340
1,206
Page 19

HEADVVAY BEDFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
SUMMARY OF FUNDS - CURRENT YEAR
Balance at
31
Gainsl December
(Losses)
2024
Balance at
1 January
2024
Income Expendlture
Designated funds
General funds
29,686
213,529
29,686
221,871
430,567
(422,110
(115)
243,215
1.206
430,567
(422,110
(121)
(115)
251,557
1.085
Restricted funds
244,421
430,567
(422,231)
{115)
252,642
SUMMARY OF FUNDS - PRIOR YEAR
Balance at
31
Gainsl December
{Lossesl
2023
Balan￿ at
1 January
2023
Income Expenditure
Designated funds
General funds
29.686
248,580
29.686
213,529
363,067
(397,890)
(228)
278,266
1,340
363,067
(397,890)
(228)
243,215
1,206
Restricted funds
279.606
363,067
(398,024)
(228)
244,421
Page 20

HEADVVAY BEDFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
15. ANALYSIS OF NET ASSETS BETWEEN FUNDS
ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR
Unrestricted
funds
2024
Restricted
funds
2024
Total
funds
2024
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
15,900
76
270,265
(34,684)
1,085
16.985
76
270,265
{34,684)
251,557
1,085
252,642
ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR
Unrestricted
funds
2023
Restricted
funds
2023
Total
funds
2023
Tangible fixed assets
Fixed asset investments
Currenl assets
Creditors due within one year
16,569
191
254,154
(27,699)
1,206
17,775
191
254,154
(27,699)
243,215
1,206
244,421
Page 21

HEADVVAY BEDFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
16. PENSION COMMITMENTS
The charilable company operates a defined contributions pension scheme. The assels of the scheme are
held separately from those of the charitable company in an independen￿Y administered fund. The pension
ost charge represents contributions payable by the charitable company to the fund and amounted lo
£4,779 12023 - £4.242). Contributions totalling £1.002 (2023 - £937) were payable to the fund at the
balance sheet date and are included in creditors.
17. RELATED PARTY TRANSACTIONS AND TRUSTEES REMUNERATION
The Trustees received no emoluments or reimbursement of expenses (2023 - £nil). In the opinion of the
Trustees there were no related party transactions falling to be disclosed in these accounts.
The Charity has no ultimate controlling paty.
Page 22