HEADWAY EAST NORTHANTS LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Company No: 03788049 Charlty No: 1085311 Charity Commission 0 8 JUL 2025 Recei.ved
HEADWAY EAST NORTHANTS LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 CONTENTS PAGES Trustees, annual report 2to6 Independent examiner's report Statement of financial activities Balance sheet Notes to the fmancial statements IOto17
HEADWAY EAST NORTHANTS LIMITED TRUSTEES, ANNUAL REPORT YEAR EIYDED 31 DECEMBER 2024 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees have pleasure in presenting their report and financial statements of the Charity for the year ended 31 December 2024. 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 document, applicable law and the 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 pUoSe 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 (Retired 0210912024) Mrs B Woodbridge (Retired 1911212024) Mrs L Couzens Mrs E Topliss Mr N Hobbs (Appointed 0510912024) Ms S Burgess (Appointed 2911112024) Chair Registered Office 61 High Street IRTHLINGBOROUGH Northamptonshire NN9 SPU Company number 03788049 Charlty number 1085311 HMRC charity reference XR51804 Independent Examiner Berry Kearsley Stockwell Limited 31/32 High Street WELLINGBOROUGH Northamptonshire. NN8 4HL Bankers Lloyds bank PLC 64 Harbornugh Road NORTHAMPTON, NN2 7SM
HEADWAY EAST NORTHANTS LIMITED TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 STRUCTURE, GOVERNANCE AND mANAGE1T GovernAng document The charity is a company limited by guarantee and is governed by its Memorandum and Articles of Association incorporated I l June 1999. It is registered &$ a charity with the Charity Commission. Thc 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. Appointment of Trustees As set out in the Articles of Association the number of trustees shall be not less than three but (unless othenvise determined 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 Conunission guidance on public benefit, content of the Memorandum and Articles of Association, the committee and decision-making processes, the building plan and recent fmanckal perfonnance of the charity. During the induction day they meet 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 trustees 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 nll a day centre. ACHIEVEMENTS AND PERFORMANCE ChairmAn)s Report 2024 2024 was an eventful year for Headway in the County of Northamptonshire, as it sadly saw the demise of Headway Northampton and their Day Service, whilst bere in East Northants we were consolidating on the return to financial stability that occurred in 2023 and continued to thrive. For HEN, 2024 began with a significant boost, as our application for a £1 0,500 National Lottery grant was approved in February. Indeed, the overall fmancial foundation for HEN was significantly
HEADWAY EAST NORTHANTS LIMITED TRUSTEES* ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 strengthened over the course of the year with a tremendous fundraising perforniance by Team HEN in the London Marathon, as well as many other kind donations and HEN-run fundraisers. Attendance at the Day Service has gradually grown over time as newly ref¢ed clients have taken up their places. The community SUPPOrt service, although small and requiring cross subsidy from our other sources of income, has continued to meet the specific needs of a small group of community-based clients, Feedback about our services from official visitors, clients and their families. continues to be consistently positive and powethlly emphasises the key role that HEN plays in the lives of many people. With the loss of the Headway Service in Northarnpton, HEN has worked with colleagues from Headway UK to see how we might be able to meet any needs for specialist ABI support that are not now covered. We have taken on some clients at our Day Service who previously attended Headway Northampton, and work to look at testing some kind of HEN supported service in Northampton is undenvay and currently awaiting finances. Headway Northampton had PTovided services for many years, and we were immensely saddened when we saw that they weTe not able to keep going. Our staff team has been stable and able during 2024, and all have made their unique and particular contributions to HEN'S success, whether through provision of person-centred care and support in the Day Service. managing and representing our services. overseeing finances, administration and fvndraising. rnaintaining the cleanliness of our base. or travelling in the community to support people living with brain injury in their own homes. I would like to give a special mention for the contribution of our volunteers to the work of HEN. as without then I am sure that we would not be in such a healthy position in all respects. I would also like to pause to remember a vcry special volunteer, Joan Simpson, who sadly passed away in 2024 as our longest serving volunteer of 25 years. Joan raised fimds and contributed to activities with and for clients across her years at HEN, providing a fme example of loyalty and commitment to us all. Another volunteer of longstanding, Barbara Woodbridg¢, began the process of stepping down from her rol¢ as Board M¢mber and Treasurer after many years of service. We have been very fortunate, that Board Member Wilson Patcrson has taken up the role of Treasurer, and we have recruited Sharine Burgess, a Pariner at Shoosmiths Solicitors, to also join the Board and bring her legal skills and knowledge. Finally, so many individuals, organisations and groups have donated to HEN in 2024 and, although I cannot mention 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 also continued to be active and played its part in a range of events through 2024, such as the Northamptonshire Acquired Brain Injury Fonun sNdy days and conference. and through attendance at vaTiOUS groups that are part of the integrated care system. Irthlingborough itself continues to be a tremendous asset in ternis of community support and I offer a heartfelt thanks to our Irthlingborough neighbours and friends. HEN is all about people working together to make a difference. and I would like to close by once more offering thanks 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 Jenkin5 BSc(Hons), Dip Clin Psychol, PhD. Csci, CPsychol, AFBPSS, Consultant Clinical Neuropsychologist & Cbairman, Headway East Northants
HEADWAY EAST NORTHANTS LIMITED TRUSTEES) ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 PUBLIC BENEFIT STATEMENT Headway East Northants provides for the needs of people living with the effects of mild to severe brain injury through provlsion of therapeutic based activity services and support delivered at our Day Service and out in the community. This takes tbe forni 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 l 00.000 of the population. ABI admissions in the UK have increased by 12 % since 2005-6. Men are 1.5 times more 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 cOnnunIty ties for individuals living with brain injury and their familieslcarers, by providing supportive rehabilitation and encouraging participation in activities, as well as providing inforniation 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 Ievel of service for the individual. Assessments are conducted by Social Workers using established criteria 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 developing 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 changtng needs. Headway East Northants can also maintain cultural and ethnic sensitivity through an inclusion program, 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 Northamptonshire Council. The total incomes for the year were £300,822 (2023 - £253,860) and the total resources expended were £264.737 (2023 - £247,952). Incomes on unrestricted fLmds were £295,272 (2023 £250,818) and resources expended were £259,600 (2023 - £245,570). The net incoming resources on the general unrestricted funds, which are the operational reserves of the charity, were £35,672 (2023 - £5,248).
HEADWAY EAST NORTHANTS LIMITED TRUSTEES, ANlgUAL REPORT YEAR ENDED 31 DECEMBER 2024 FtNANCIAL REVIEW (continued) The total incomes on unrestricted funds increased by 17.7 % compared to last year, total resources expended increase by 5.7 % and net incoming resources increase by 579.7 %. Income on restricted funds was £5,550 which included grants from The National Lottery community fund (£5,250) and the ESC lottery fund (£300). RISK MANAGEMENT The trustees have assessed the major risks to which the charity is exposed, in particular those related to th¢ operations and finances of the Charity and are satisfied the systems are in place to mitigate the exposure of the major risks. INVESTMENT 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 in interest-bearing deposit accounts and seek to achieve the best interest rate offered by the market. RESERVES POLICY The General fund represents tbe free reserves of the charity aTising from past opcrating results. The free reserves, representing unrestricted funds less the designated funds, stood at £240.425. representing approximately twelve rnonths. expenditure. The board of trustees have examined the requirements to maintain free reserves and concluded that they are holding an appropriate level of reserves. The charity has consistently managed to maintain a bank balance in excess of this amount, although this can cbange as future income Eevels cannot be guaranteed. However, continued fund raising from both new and old sources will enable reserves to be maintained at an adequate level. The Trustees meet regularly to monitor and review the policy. .and signed on their behalf by: Approved by the Board of Trustees on . K Jenkins Trustee HEADWAY EAST NORTHANTS LIMITED
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HEADWAY EAST NORTHANTS LIMITED YEAR ENDED 31 DECEMBER 2024 I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024 set out on pages 8 to 17. Res onslbfillties and basis of re ort As the charity's trnstees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('Ihe 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 respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ("the 2011 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 endent examiner's statement I have completed my examination. I confirn] that no material matters have come to my attention which gives me cause to believe that: accounting records were 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 as part of an independent examination: or the accounts have not been pIepared in accordance with the Charities SORP (FRS102). I have no concerns and have come across no other matters in conJ]ection 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 Kakka(L FCCA Beny Kearsley Stockwell Limited 31132 High Street WELLINGBOROUGH Northamptonshire NN8 4HL April 2025
HEADWAY EAST NORTHANTS LIMITED STATEMENT OF FINANCIAL Acrivrry YEAR ENDED 31 DECEMBER 2024 Unrestricted Restricted Funds Funds 2024 Total 2023 Total Notes Incomiug resources Incoming resources from Generated funds Voluntary income Investment income bank interest received Incoming resources from Charitable activities 84,877 84,877 61,393 12,522 12.522 5.134 197.873 5.550 203,423 187,333 Total incon]ing resources 295,272 5.550 300,822 253,860 Resources expended Fundraising costs Charitable activities Governance costs 34,411 221,788 3.401 34,411 33,149 5,137 226,925 212,738 3,401 2,065 Total resources expended 259,600 5,137 264,737 247,952 Net (Outgoing)/incoming resources before transfers Gross transfer between funds 35,672 413 36,085 5,908 Net movement in funds Total fLmds at l January 2024 35,672 384,754 413 36.085 5.908 866 385,620 379,712 Total funds at 31 December 2024 15 420,426 1,279 421.705 385,620
HEADWAY EAST NORTHANTS LIMITED BALANCE SHEET YEAR ENDED 31 DECEIER 2024 2024 2023 Notes FIXED ASSETS Tangible assets 12 1,511 3,026 CURRENT ASSETS Debtors Cash at bank and in hand 13 29,142 424,230 32,610 383,744 453.372 416,354 CURRENT LIABILITIES Creditors: Amounts falling due within one year 14 (33,178) (33,760) Net current Oiabilitles)lassets 420,194 382,594 Net assets 16 421,705 385,620 FUM)S Unrestricted funds Restricted fid8 15 420,426 1,279 384,754 866 Total fimds 15 421,705 385,620 The trustees are satisfied that the company is entitled to exemption from the provAsions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of Section 477, and that no member or members have requested an audit to pursuant to Section 476 of the Act. The Trnstees acknowledge their responsibilities for. (i) ensuring that the company keeps proper accounting Tccords which comply with section 386 of the Act, and (li) preparing fmanctal statements which give a tru¢ and fair view of the state of affairs of the company as at the end of the financial year and of its income and expenditure for the fllwicial year in accordance with the requirements of Section 393, and which oth¢rwise comply wlth the requirements of the Act relating to financial statements, so far as applicable to the company. Approved by the Board of Trustees on . . and signed on their behalf by: K Jenkins (Trustee)
HEADWAY EAST IYORTHANTS LIMITED NOTES TO THE FINANCIAL STATEMENTS AS AT 31 DECEMBER 2024 ACCOUNTING POLICIES Basis of accountlng The financial statements have been prq)ared under the historical cost convention and are in accordance with the Statement of Recon]mended Practice: Accounting and Reporting by Charities (SORP FRS l 02 1 A). The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Company Act 2006. Incoming resource5 All incoming resources are included in the Statement of Financial Activities (SOFA) in the year in which they are receivable, which is when the charity becomes entitled to the resource. Donations under 'gift aid, are included in full in the fmancial statements when recoverable, provided there are no donor-imposed restrictions as to the timing of the related expenditure, in which case recognition is def¢ed under the pre-condition has been meL 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 sp¢cifIed future period in which case they are deferred. Expenditure All expenditure is accounted for on an accrna15 basis and is recognised in the period in which it is inclled. All costs have been directly attributed to one functional category of resources of expenditure in the SOFA. Charitable activities expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. Governance 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 200/0 on cost 20% on cost 20 % on cost 200/0 on cost io
HEADWAY EAST NORTHANTS LEIIIITED NOTES TO THE FINAIYCIAL STATEMENTS AS AT 31 DECEMBER 2024 ACCOUNTING POLICIES (eontinued) Irrecoverable VAT Irrecoverable VAT is charged against category of resources expended for which it was incurred. Fund Accounting Unrestricted funds 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 funds represent income contributions which are allocated to a particular purpose in accordance with the Trustees, directors. Designated funds fonn part of the charity's unrestricted funds. Restricted fLmds can only be used for particular restricted purposes within the objectives of the charity. Restrictions arise when specified by the donor or when funds are raised for specific restricted PUTposes. DEFERRED INCOME 2024 Total 2023 Total Balance as at l January Amount released to income this year Amount deferred in the year 16,433 (16.433) 21,496 12,244 (12,244) 16,433 Balance as at 31 December 21,496 16,433 The deferred income carried forward represents: £15,746 received from Marathon income in 2024 in relates to 2025. £500 received from North Northamptonshire Council in respect of client funding for 2025 sessions. £5,250 received from Lottery Community Fund Grant for 2025. DONATED SERVICES AND FACILITIES The charity rented the day centre from Northamptonshire County Council for one peppercorn per annum. The lease has been extended to l July 2025.
HEADWAY EAST NORTHANTS LIMITED NOTES TO THE FINANCIAL STATEMENTS AS AT 31 DECEMBER 2024 Unrestricted Restrlcted Funds Funds 2024 Total 2023 Total 4 VOLUNTARY INCOME General donations Marathon income Challenges income 16.350 68,527 16,350 7,810 68,527 52,451 1,132 84,877 84.877 61,393 5 INCOME FROM CHARITABLE ACTIVITES Grant income Incorne from community service project Attendance fees 2.250 29,228 166.395 5,550 7,800 6,616 29,228 28,754 166,395 151,963 197,873 5.550 203,423 167,542 6 FUNDRAISING COSTS Wages and salaries Marathon expenses Other related expenses 16,198 17,693 520 16,198 14,685 17,693 18,118 520 346 34,411 34,411 33,149 12
HEADWAY EAST NORTHANTS LIMITED NOTES TO THE FINANCIAL STATEMENTS AS AT 31 DECEMBER2024 Unrestricted Restricted Funds Funds 2024 Total 2023 Total 7 CHARITABLE ACTIVITIES Activity expenses Community service project expenses Community service project wages Counselling service Peer support group Wages and salaries Recruitment costs Staff training Water rates Heat and light Cleaning Repairs and maintenance Propety expenses Advertising and promotions Motor and travel Food and drink Christmas event Printing, postage, and stationery Telephone Computer costs Insurance Subscriptions Sundry Bank charges Depreciation Loss on disposal of Fixed Assets 1,207 3,302 27.512 1.530 2,571 3,778 1,201 3,302 4,890 27,512 29,889 1,530 1,540 187 164,894 149,368 45 1.156 889 3,996 2,013 3,167 187 164.894 553 1,004 4,004 1,745 2,666 553 1,004 4,004 1,745 3,097 1,582 168 1,160 670 1,016 1,533 1,692 581 2,185 1,708 1,306 203 1,515 431 1,582 168 815 670 1,016 1.533 1.692 581 2,185 1,708 1,285 203 1,515 265 1,188 682 1,620 1,716 1,703 402 979 1,611 1,834 176 2.252 156 345 21 221,788 5,137 226,925 212,738 8 GOVERNANCE COST Accountancy fees Professional fees 1.750 1,651 1,750 1,651 1,800 265 3,401 3,401 2,065 13
HEADWAY EAST NORTHAIITS LIMrrED NOTES TO THE FINANCIAL STATEMENrs AS AT 31 DECEMBER 2024 9 TRUSTEE REMUNERATION All Trustees act gratuitously. 10 STAFF COSTS 2024 Total 2023 Tota Wages and salaries Social security cost 197.430 13,294 175,039 10,116 210,724 185,155 The average nurnber of ll-tiMe staff employed by the charity during the year was 12. (2023 - 8). 11 NET (OUTGOING)IINCOMING RESOURCES This is stated after charging". 2024 2023 Accountancy fees Depreciation 1,750 1.515 1,800 2,252 14
HEADWAY EAST NORTHANTS LIMITED NOTES TO THE FINANCIAL STATEMEwrs AS AT 31 DECEMBER 2024 12 TANGIBLE FIXED ASSETS Property Improvements Fixtures and Fittings Equipment Total Cost or valuation At l January 2024 Additions Disposals 23.897 21,239 19.905 65,041 At 31 December 2024 23,897 21,239 19,905 65,041 Depreciation At l January 2024 Charge for the year Eliminated Disposals 23.897 21,133 16.985 62,015 106 1,409 1,515 At 31 December 2024 23,897 21239 18,394 63,530 Net book value At 31 December 2024 1,511 1,511 At 31 December 2023 106 2,920 3,026 13 DEBTORS 2024 2023 Trade debtors Prepayments and accrued income Other debtors 12,236 12,582 4,324 15,940 16,670 29,142 32,610 15
HEADWAY EAST NORTHANTS LIMITED NOTES TO THE FINANCIAL STATEMENrs AS AT 31 DECEMBER 2024 14 CREDITORS: Amounts falling due wfithln one year 2024 2023 Trade creditors Accruals and deferred income Tax, social security and pension 1,146 25,771 6.261 758 29,320 3,682 33.178 33,760 15 FUNDS MOVEMEIYT Balance Incoming OutgolngTransfers Balance 01-01-24 31-12-24 Unrestricted funds General fund Designated - Property fLmd 204,754 180,000 295,272 (259,600) 240,425 180,000 Totsl unrestricted ftind 384,754 295,272 (259,600) 420,426 Restricted funds Maud Elkington Trust Screwfix Foundation Grant Edith Murphy Fund Virtual Peer Group The National Lottery Community Fund ESC Lottery Fund 500 139 21 206 (292) (139) (21) (187) (4,313) (185) 208 19 937 l15 5,250 300 Total restricted fimds 866 5.550 (5,137) 1,279 Total funds 385,620 300,822 (264,737) 421,705 16
HEADWAY EAST NORTHANTS LIMITED NOTES TO THE FINANCIAL STATEMENTS AS AT 31 DECEMBER 2024 15 FUNDS MOVEMENT (CONTINUED) The Designated propety fund has been established in anticipation of the possibility of the need to relocate the services provided. 16 ANALYSIS OF NET ASSETS BETWEEN FUNDS UNRESTRICTED RESTRICTED TOTAL Tangible fixed assets Net current assetsl(liabilities} 1.511 418,915 1,511 420,194 1,279 420.426 1,279 421,705 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 members is limited to £1 O each. 18 RELATED PARTY TRANSATIONS For the whole year, the charity was under the control of the tn]stees as shown on page 2. There were no transactions in the year relating to trustees. 17