HEADWAY EAST NORTHANTS LILVllTED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR EIIDED 31 DECEMBER 2023 Conjpany No: 03788049 Charity No: 1085311
HEADWAY EAST NORTHANTS LDAITED ANNUAL REPORT AND FfNANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 CONTENTS PAGES Trustees, annual report 2to6 Independent examiner's report Statement of financial activities Balance sheet Notes to the financial statements Ioto 17
HEADWAY EAST NORTHANTS LIMITED TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2023 REPORT OF THE TRUSTEES FOR THE YEAR EIYDED 31 DECEMBER 2023 The Trustees have pleasure in pr¢s¢nting their report and financial statements of the Charity for the year ended 31 December 2023. The financial statements have been prepared in accordance with the accounting policies set out in note I to the accounts and comply with the Charity's governing documenL applicable law and th¢ requirements of the Statement of Recommended Practice: Accounting and Reporting by Charities published in 2008. REFERENCE AND ADMINISTRATIVE INFORMATION Directors and Trustees The directors of the charitable company {the charity) are its trustees for the purpose of charity law. The trustees serving during the year and since the year end were as follows: Dr K Jenkins Mr W Paterson Mr T Samples Mrs M Lees Mrs B Woodbridge Mrs L Couzens Mrs E Topliss Chair Registered Office 61 High Street IRTHLJNGBOROUGH Northamptonshire NN9 SPU Company number 03788049 Charity number 1085311 HMRC charity reference XR5 k 804 Independent Examiner Beny Kearsley Stockwell Limited 31132 High Street WELLINGBOROUGH Northamptonshire, NN8 4HL Bankers Lloyds bank PLC 64 Harborough Road NORTHAMPTON NN2 7SM
HEADWAY EAST NORTHANTS LIMITED TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2023 STRUCTURE, GOVERNAIYCE AND MANAGEMENT Governing document The charity is a company limited by guarantee and is governed by its Memorandum and Articles of Association incotporated I l June 1999. It is registered as a charity with the Charity Commission. The Charity is affiliated to Headway - the brain injury association. The relationship is governed by Rules of Affiliation which have been adopted by the board of trustees. Appolntment of Trustees As set out in the Articles of Association the numb¢r of trustees shall be not less than three but (unless othenvise deterniined by ordinary resolution) shall not be subject to any maximum. The board of trustees has the power to appoint additional trustees according to the rules set out in the Articles of Association. The chair of the trustees is nominated by the Board of Trustees. Trustee induction and training New trustees undergo an orientation day to brief them on the obligations under charity and company law, the Charity Commission guidance on publi¢ benefit, content of the Memorandum and Articles of Association, the committee and decision-making processes, the building plan and recent financial perforn)ance of the charity. During the induction day they rncet key employees and other trustees. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of the role. Organisation structure The charity is governed by the board of trustees, which set the overall framework. The trnstees and their staff team are then delegated full responsibility for implementation with this framework. The Board of Trustees meets monthly or as required to set the strategic direction of the charity and monitor the budgets. OBJECTIVES AND ACTIVITIES The principal activity of the charity during the year was providing support and guidance to people who suffered either traumatic brain injury or acquired brain injury. In order to achieve the objectives of support to people who have suffered brain injuries, the charity runs a day centre. ACHIEVEMENTS AIND PERFORMANCE Chairman's Report 2023 2023 saw the first full year for our new configuration of the HEN Team, with Jonny Tudor as Services Manager, Becky Lake as Deputy Services Manager, and Sue Lockhart as Lead Facilitator. They have collectively giiided the service to a remarkable year that delivered our first-year end surplus since the Pandemic, whilst increasing the number of clients and families being supported. Feedback about our services from official visitors, and clients <1nd tlieii. families, lias been consistently positive and has powerfully emphasised the key role that HEN plays in the lives of many people.
HEADWAY EAST NORTHANTS LIMITED TRUSTEES? ANNUAL REPORT YEAR ENDED 31 DECEMBER 2023 August 2022 also saw the sad death of a rnuch-loved client of the Day Service, Matyn Anderson. The affection in which he was held due to his sense of humouT and positivc presence was well-marked by the 31 HEN members and staff that attended his funeral. Although not strictly in 2022, it also seems right for us to remember volunteer Les Hunvood (known as, 'lovely Les,), who died in January 2023, a sad loss for his famiIy, friends and al l at I-IEN. Our fundraising again exceeded all expectations, with the contribution from our ¢nlatged London Marathon Team contributing over £34,000 nct to the Charity. HEN is especially proud of the support that we get from our marathon rullners, many of them repeat runners, and we are also proud to be acknowledged by our runners for thc 8UPPOrt that HEN provides to them. This outcome, and our runners. positive feedback, is due in no small part to the great work of Laura Richards, who is HEN'S Admin & Fundraising Coordinator. The preceding has refeffed to finance inforniation and this needs another staff mention, the work that Lynn¢ Dale our Finance Officer contributes is invaluable, supporting the Board with infom]ation that is concise and clear, and vital to our rnnning of the Charity, As regards the feedback about our services, both in the community and in the Centre, the contributions of all our facilitators, volunteers, and support staff are the glue that continues to hold everykhing together. Finally, the work of our Board of Trustees needs to be acknowledged, as they continue to provide a wealth of experience, either as people living with brain injury, as the relative of a person with brain injury, or as a professional working with people living with brain injury. We could not afford to buy such a pool of expertise and experience, and so we are immensely fortunate that it all Comes freel So many individuals. organisations and groups have donated to HEN in 2023 and. although I cannot rnention them all here, we value every contribution of any size and will always send thanks and share details of how a donation has helped our service and clients. HEN has continued to be active in a range of events through 2023, such as the Northamptonshire Acquired Brain Injury Forum study days and conferencc. and various groups that are part of the intcgrated care sy5teTrJ in the County. Irthlingborough itself continues to bc a tremendous asset in tems of community support and l again offcr a hcartfelt thanks to our Irthlingborough neighbours and friends. HEN i.g all about people working together to makc a difference, and I would IRke to close by once mole offering tlianks to all who support HEN and make it what it is. Our clients, their families, our staff, our volunteers and our Trustees. Go Team HEN! Dr Keith G Jenkins BSc{Hons), Dip Clin Psychol, PhD, Csci, CPsychol, AFBPSS Consultant Clinical Neuropsychologist & Chairman, Headway East Northants
HEADWAY EAST NORTHANTS LIMITED TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2023 PUBLIC BENEFIT STATEMENT Headway East Northants provides for the needs of people living with the effects of mild to severe brain injury through provision of therap¢utic based activity services and support delivered at our Day Service and out in the community. This takes the fomi of both fees based and non-fee-based services. Statistics based on UK hospital admissions during 2019-20 indicate that 356,699 individuals were hospitalised because of an acquired brain injury (ABI). This indicates the prevalence of ABI to be 534 admissions per 100,000 of the population. ABI admissions in the UK have incr¢as¢d by 1201, since 2005-6. Men are 1.5 times mor¢ likely than women to be admitted for head injury, however, female head injury admissions have risen 28 % since 2005-6. Headway East Northants recognizes the need in the community to provide a supportive service that can help to rebuild community ties for individuals living with brain injury and their farnilies/carers, by providing supportive rehabilitation and encouraging participation in activities, as well as providing inforn]ation and raising wider awareness of brain injury. The rehabilitation services provided by Headway East Northants are funded through funded service users. own funds and from North Northamptonshire Council contracts, negotiated to tailor the level of service for the individual. Assessments are conducted by Social Workers using established crit¢ria to define the need for our rehabilitation services. Headway East Northants in turn works with individuals to establish personal goals and objectives to support return to community participation independently of the statutory authorities wherever feasible. The role of the 'day center, is continually evolving. With this in mind, Headway East Northants must continually change and improve in order to meet the d¢veloping needs of service users and the community in which they reside. By evaluating the services we deliver, and the way in which service users and others engage with them, the day and community services can be flexible to changing needs. Headway East Northants can also maintain cultural and ethnic sensitivity through an inclusion prograrn, and the upholding of the rights and responsibilities of service users, staff and volunteers, By doing this, an environment of inclusion is generated and a welcoming community for people new to our services. FINANCIAL REVIEW The charity's principal source of income is from attendance fees received from North NorthamptonshiTe Council. The total incomes for the year were £253,860 (2022 - £248,244) aiid the total resources expended were £247,952 (2022 - £256,680). Incomes on unrestricted funds w¢re £250,818 (2022 - £243,514) and resources expended were £245,570 (2022 - £251,407). The net outgoing resources on the general unrestricted funds, which are thc operational reserves of the charity, were £5,248 (2022 - (£7,893)).
HEADWAY EAST NORTHANTS LIMITED TRUSTEES, ANNUAL REPORT YEAR EINDED 31 DECEMBER 2023 FINANCIAL REVIEW (continued) The total incomes on unrestricted funds increased by 10.3 % compared to last year, total resources expended decreased by 9.70/0 and net outgoing resources increased by 66,50/0. Income on restricted funds w&8 £3.041 which included £1,800 from Screwfix for repairs to the building, £550 from the Edith MUaY fund for 2 wheelchairs & a TV, £500 from the Maud Elkington Trust for a watcr boiler and £191 from Cllr. Powell for a cameia. The total resources cxpended were £2,382. Thcrc was a balance of £866 to carry forward with regards to the Maud Elkington Trust, Screwfix Foundation Grant, Edith MuLFhy Fund and Virtual Pccr Support Group. RKSK MAIYAGEMENT The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Charity and are satisfied the systems are in place to mitigate the exposure of the major risks. IIYVESTMENT POLICY The trustees, having regard to the liquidity requirements of operating the care and support day centre and to the reserves policy have operated a policy of keeping available funds Én interest-bearing deposit accounts and seek to achieve the best interest rate offered by the market. RESERVES POLICY The General fund represents the free reserves of the charity arising from past operating results. The free reserves, rcpresenting unrestricted funds less the de.signated funds, stood at £204,754, representing approximately twelve Tnonths, expenditure. The board of trustees hav¢ exaTnined the requirements to maintain frcc reSce5 and concluded that they are holding an appropriate level of reserves. The charity has consistently n]anaged to maintain a bank balance in exc¢ss of this amoun( although this change as future income levels cannot be guaranteed. However, continued fund raising from both new and old sources will enable T¢s¢rves to be maintained at an adequate level. Th¢ Trustees meet regularly to monitor and review the policy. Approved by the Board of Trustees on . .and signed on their behalf by: K Jenkins Trustee
HEADWAY EAST NORTHANTS LIMITED INDEPENDENT Ek4MIIYER'S REPORT TO THE TRUSTEES OF HEADWAY EAST NORTHANTS LIMITED YEAR ENDED 31 DFCEMBER 2023 I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 Dcccmber 2023 set out on pages 8 to 17. Res onsibilities and basis of re ort As the charity's trustees of the Company (who are al80 the directors of the company for the purpose8 of company law), you are re8ponsible 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 for the year under Part 16 of the 2006 Act and are eligible for independent examination, I report in Tespect of my examination of your charity's accounts as carried out under section 145 of the ChaTities Act 201 I ("the 201 l Act"). Tn carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act. Inde ndent examiner's statement I have completed my examination. I confwm that no material matters have come to my attention which givcs me cause to believe that: accounting records wer¢ not kept in accordance with section 386 of the Companies Act 2006. or the accounts do not accord with such records; or the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered a8 part of an independent exarnination.. or the accounts have not been prq)ared in accordance with the Charitics SORP (FRS102). 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, S Kakkad, FCCA Bery Kearsley Stockwell Limited 3 l132 High Strect WELLTNGBOROUGH Northarnptonshire NN8 4HL May 2024
HEADWAY EAST NORTHANTS LIMITED STATEMENT OF FINANCIAL ACTIVITY YEAR ENDED 31 DECEMBER 2023 Unrestricted Restrlcted Funds Funds 2023 Total 2022 Total Notes Incoming resources Incoming resources from Generated funds Voluntary income Investment income bank interest received Incoming resources from Charitable activities 61,393 61,393 79,410 5,134 5,134 1,292 184,291 3,042 187,333 167,542 Total Incoming resovrees 250,818 3,042 253,860 248,244 Resources expended Fundraising costs Charitable activities Governance costs 32,957 210,548 2,065 192 33,149 31,355 2,190 212,738 222,398 2,065 2.927 Total resources expended 245,570 2,382 247,952 256,680 Net (Outgoing)lincoming r¢sources before transfers Gross transfer between funds 5,248 660 5,908 (8,436) N¢t movement in funds Total funds at l January 2023 5,248 379,506 660 5,908 (8,436) 206 379,712 388,148 Total funds at 31 December 2023 15 384,754 866 385,620 379,712
HEADWAY EAST NORTHANTS LIMITED BALANCE SHEET YEAR ENDED 31 DECEMBER 2023 2023 2022 Notes FIXED ASSETS Tangible assets 12 3,026 4,958 CURRENT ASSETS Debtors Cash at bank and in hand 13 32,610 383,744 16,370 379,011 416,354 395,381 CURRENT LIABILITIES Creditors: Arnounts falling due within one year 14 (33,760) (20,627) Net current (liabilities)lassets 382.594 374,754 Net assets 16 385,620 379,712 15 Unrestricted llds Restricted funds 384,754 866 379,506 206 Total funds 15 385,620 379,712 The trustees are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to th¢ audit of the financial statements for the year by virtue of Section 477, and that no metnber or members have Tequested an audit to pursuant to Section 476 of the Act. The Tte¢S acknowledge their regponsibilities for: {1) ensuring that the company keeps proper accounting records which comply with s¢ction 386 of the ACL and (li) preparing financial statements which give a true and fair view of the state of affairs of the company as at the ¢nd of the financial year and of its income and expenditure for the financial ycar in accordance with the requirernents of Section 393. and which otherwise comply with the requirements of the Act relating to financial Statements, so f'dr as applicable to the company. Approved by the Board of Truste¢s on and signed on their behdlf by.. K Jenkins (Trustee)
HEADWAY EAST NORTHANTS LIMITED NOTES TO THE FINANCIAL STATEMENTS AS AT 31 DECEMBER 2023 ACCOUNTIIYG POLICIES Basis of accounting The financial statements have been prepared under the historical cost convention and are in accordance with the Statement of Recommended Practice., Accounting and Reporting by Charities (SORP FRS 102 IA). The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Company Act 2006. Incoming resources All incoming resources are included in the Statement of Financial Activities (SOFA) ill the year in which they are receivable, which is when the charity becomes entitled to the resource. Donations under 'gift aid. are includ¢d in full in the financial statements when recoverable, provided there are no donor-imposed restrictions as to the timing of the related expenditure, in which case recognition is deferred under the pre-condition has been met. Legacies to which the charitable company is entitled are included in the statement of financial activities unless they are incapable of measurement. Revenue grants recoverable are credited as income resources when they are receivable provided conditions for receipts have been complied with unless they relate to a specified future period in which case they are deferred. Expendlture All expenditure is accounted for on an accruals basis and is recognised in the p¢riod in which it is incurred. All costs have been directly attributed to one functional category of resources of expenditure in the SOFA. Charitable activities expendithre comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. Govemance costs include those costs associated with meeting the constitutional and statutory requirements of the charity. Tangible Fixed Assets Tangible fixed assets are initially included at cost. The charity has the policy not to capitalise items under £200. Assets are depreciated over their estimated useful lives at the following rates.. Property improvements Fittings and fixtures Motor vehicle Equipment 20/0 on cost 20% on cost 200/0 on cost 200/0 011 Cost 10
HEADWAY EAST NORTHANTS LIMITED NOTES TO THE FINANCIAL STATEMENTS AS AT 31 DECEMBER 2023 ACCOUNTING POLICIES (continued) Irrecoverable VAT Irrecoverable VAT is charged against category of resources expended for which it was incued. Fund Accounting Unrestricted ndS are donations and other income resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds. Designated fimds represent income contributions which are allocated to a particular purpose in accordance with the Trustees, directors. Designated funds forn] part of the charity's unrestricted funds. Restricted funds can only be used for particular restricted purposes within th¢ objectives of the charity. RestrKctions arise when specified by the donor or when funds are raised for specific restricted purposes. DEFERRED INCOME 2023 Total 2022 Total Balance as at l January Amount released to income this year Amount deferred in the year 12,244 (12,244) 16,433 28,029 (24,806) 9,021 Balance as at 31 December 16,433 12,244 The deferred income carried fonvard represents: £15,683 received from Marathon income in 2023 in relates to 2024. £750 received from North Northamptonshire Council in respect of client funding for 2024 sessions. DONATED SERVICES AND FACILITIES The charity rented the day centre from Northamptonshire County Council for one peppercorn per annum. The lease has been exteTJded to l July 2024. 11
HEADWAY EAST NORTHANTS LIMITED NOTES TO THE FINANCIAL STATEMENTS AS AT 31 DECEMBER 2023 Unrestricted Restrl¢ted Funds Funds 2023 Total 2022 Total 4 VOLUNTARY INCOME General donations Marathon income Challenges incorne 7,810 52,451 1,132 7.810 9,050 54,451 68,874 1,132 1,486 61,393 61,393 79,410 5 INCOME FROM CHARITABLE ACTIVITES Grant income Income from community service project Attendance fees 3,574 28,754 15l,963 3,042 6,616 9,850 28,754 32,914 151,963 124,778 184,291 3,042 187,333 167,542 6 FUNDRAISING COSTS Wages and salaries Marathon expenses Other related expenses 14,685 18,118 154 14,685 11,455 18,118 19,835 346 65 192 32,957 192 33,149 31,355 12
HEADWAY EAST NORTHANTS LIMITED NOTES TO THE FINANCIAL STATEMENTS AS AT 31 DECEMBER 2023 Unrestricted Restricted Funds Funds 2023 Total 2022 Total 7 CHARITABLE ACTIVITIES Activity expenses Community service project expenses Community s¢rvi¢¢ project wages Counselling servic¢ Wages and salaries Recruitment costs stsff training Council tax Water rates Heat and light Cleaning Repairs and maintenance Advertising and promotions Motor and travel Food and drink Christmas event Virtual Support Group Printing, postage, and stationery T¢l¢phone Computer costs Insurance Subscriptions Sundry Bank charges Depreciation Loss on disposal of Fixed Assets 1,201 4,890 29,889 1,540 E49,368 45 1,156 1,201 2,237 4,890 6,240 29,889 31,162 1,540 1,430 149,368 152,492 45 248 1,156 529 (248) 261 4,164 2,186 5,693 201 E,062 566 1,237 2,465 1,234 1,461 932 889 3,996 2,013 1,506 265 1,188 682 1,620 889 3,996 2,013 3,167 265 1,188 682 1,620 1.661 1,716 1,703 402 979 1,611 1,305 176 2,252 156 1,716 1,703 402 979 1,611 1,834 176 2,252 156 1,691 898 165 4.092 529 210,548 2,190 212,738 222,398 GOVERNANCE COST Accountancy fees Professional fees 1,800 265 1,800 265 1,572 1,355 2,065 2,065 2,927 13
HEADWAY EAST NORTHANTS LIMITED NOTES TO THE FINANCIAL STATEMENTS AS AT 31 DECEMBER 2023 9 TRUSTEE REMUNERATION All Trustees act gratuitously. 10 STAFF COSTS 2023 Total 2022 Total Wages and salaries Social security cost 175,039 10,116 186,720 10,395 185,155 197,115 The average number of full-time staff employed by the charity during the year was 8. (2022- 8). 11 NET (OUTGOING)IINCOMING RESOURCES This is stated aft¢r charging: 2023 2022 Accountancy fees Depreciation 1,800 2,252 1,572 4,092 14
HEADWAY EAST NORTHANTS LIMITED NOTES TO THE FINANCIAL STATEMENTS AS AT 31 DECEMBER 2023 12 TANGIBLE FIXED ASSETS Property Improvements Fixtures and Fittings Equipment Total Cost or valuation At l January 2023 Additions Disposals 23,897 21,239 19,819 64,955 476 476 (390) {390) At 31 December 2023 23,897 21,239 19,905 65,041 Depreciation+ At l January 2023 Charge for the year Eliminated Disposals 23,897 20,958 15,142 59,997 175 2,077 2,252 (234) (234) At 31 December 2023 23,897 21,133 16,985 62,015 Net book value At 31 December 2023 106 2,920 3,026 At 31 December 2022 281 4,677 4,958 13 DEBTORS 2023 2022 Trade debtors Prepayments and accrued income Other debtors 15,940 16,670 9,584 5,041 1.745 32,610 16,370 15
HEADWAY EAST NORTHANTS LIMITED NOTES TO THE FINANCIAL STATEMENTS AS AT 31 DECEIVIBER 2023 14 CREDITORS: Amounts falling due wfithin one year 2023 2022 Trade creditors Accrnals and defeed income Tax, social security and pension 758 29,320 3,682 877 16,718 3,032 33,760 20,627 15 FUNDS MOVEMENT Balance Incoming OutgolngTransfers Balance 01-01-23 31-12-23 Unrestricted funds General fund Dcsignated - Propety fund 199,506 180,000 250,818 (245,570) 204,754 180,000 Total unrestricted fund 379,506 250,818 (245,570) 384,754 Restrlcted funds Maud Elkington TNst Screwfix Foundation Grant NNC Councillor Roger Power Emp Fund Edith Murphy Fund Virtual Pcer Group 500 1,800 L91 550 500 139 (1,661) (191) (529) 21 206 206 Total restricted funds 206 3,042 (2,382) 866 Total funds 379,712 253,860 (247,952) 385,620 16
HEADWAY EAST NORTHANTS LIMITED NOTES TO THE FINANCIAL STATEMENTS AS AT 31 DECEMBER 2023 15 FUNDS MOVEMENT (CONTINUED) The Designated property fund has be¢n ¢stablished in anticipation of the possibility of the need to relocate the services provided. 16 ANALYSIS OF NET ASSETS BETWEEN FUNDS UNRESTIUCTED RESTRICTED TOTAL Tangible fixed assets Net current assets/(liabilities) 3,026 381,728 3,026 382,594 866 384,754 866 385,620 17 SHARE CAPITAL The company is limited by guarantee and does not have a share capital. In the event of the charity being wound-up, the liability of the memb¢rs is limited to £ l O each. 18 RELATED PARTY TII4NSATIONS For the whole year, the charity was under the control of the trustees as shown on page 2. Ther¢ were no transY4Ctions in the year relating to trustees. 17