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2021-03-31-accounts

REGISTERED COMPANY NUMBER: 04184335 (England and Wales) REGISTERED CHARITY NUMBER: 1086140

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

Gibson Whitter Chartered Accountants and Chartered Tax Advisers Larch House Parklands Business Park Denmead Hampshire PO7 6XP

HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Page
Report of the Trustees 1 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10 to 11
Notes to the Financial Statements 12 to 24

HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice 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).

OBJECTIVES AND ACTIVITIES

Purposes and Aims

The main objectives of the charity are:-

In furtherance of these objectives, during the financial year 2020/21 Headway offered one to one support to service users by telephone, text, email and Zoom due to the restrictions on gatherings imposed by the coronavirus pandemic. The year began at the start of the first government-imposed lockdown and ended as restrictions were easing towards the end of the third lockdown.

All figures below are for service users from all geographic areas covered by Headway Portsmouth and South East Hampshire.

Public benefit

How our activities deliver public benefit

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and activities and in planning future activities.

All of our charitable activities deliver public benefit because they are focused upon supporting those who have suffered brain injury, their families and carers, increasing public awareness of brain injury, improving treatment and rehabilitation / re enablement of those who have suffered brain injury and providing information to the public to promote the steps which can be taken to reduce or eliminate the prospects of others sustaining brain injury.

Page 1

HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

ACHIEVEMENT AND PERFORMANCE

One to one support

People who were particularly vulnerable were met by staff for walks or face to face in PPE, although that was much harder in the third lockdown due to the poor weather.

Four part time staff supported 184 people at the start of the year, contacting each person weekly. By the end of the year the number of people being supported had risen to 303. The work was labour intensive with individual meetings, telephone and video calls. Service users also needed food and medication to be collected, gas/electric for meters, to be taken out for walks when they were struggling to cope, and one of the key developments was also assisting with paperwork such as benefit and housing forms, blue badges and DVLA paperwork. In addition, staff attended meetings about child protection, court, and police arrest warrants where people needed the support.

The Trustees are truly honoured to work with such a dedicated and talented staff team and are in awe of the service that was delivered by them during the pandemic, to some of the most vulnerable people in Portsmouth and South East Hampshire.

Although the year was the final year that the shop staff were employed by the Trading Company, before transferring back to the charity, it was a year that they spent on and off full furlough and flexible furlough. Thanks is also due to them for their ongoing commitment to the organisation and tolerance of the ever-changing lockdown situations.

Hospital project

Despite the hospitals being under immense pressure due to the pandemic the Senior Support Worker managed to continue to maintain the link between the hospital workers and patients, which has led to a continued stream of referrals. As an example, in January 2021, when the third lockdown commenced, there were 21 referrals to the charity from a combination of hospitals as people were discharged early, from individuals who found lockdown harder without support, and from families concerned about people in our area that they could not support from afar as they had been doing.

Brain Injury Awareness course ran 6 times

Southampton University commercial rate - 40 people 3/2/20 Gosport and Fareham Care Team commercial rate - 10 people 14/12/20 5 individual sessions for service users and family by video and face to face between lockdowns. No volunteers attended the brain injury awareness course as we could not use volunteers in this period.

Building confidence course - 4 people attended.

These were funded by Hampshire children's service as part of a Child Protection Programme for one Service User and by Friends of Emsworth Community Hospital as a specific funded objective for an Emsworth Resident. One was a commercial session joint funded by 4As Autism Awareness and the client.

Cognitive Reablement course

4 people accessed our cognitive reablement course during 2020-21. These were run as individual 1 to 1 training, either face to face or by video. One was funded commercially through joint funding with 4 As Autism support and the client. One was specifically funded by Emsworth Friends as a continuation of a Hampshire Child Protection Plan.

Carers' support funded by the People's Health Trust ran on Thursday Mornings 10-12.30 and included some Brain Injury awareness and some stress reduction training for carers online.

Feedback

Each service user contracts to do courses and feedback is provided at the end of the course. Examples of feedback received during the year following completion of the Cognitive Reablement course is as follows: -

"I wanted to understand what the Brain Injury was and what was the Autism that I have lived with for many years. This course actually gave me tools to deal with both strands - very helpful."

"I have found the Cog course a lifeline as I learn the limitations of my Brain Injury and try to find positives to carry on, this has literally been a life saver."

Page 2

HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

"It has been helpful to see the client using tools provided by your course to enable her to understand her behaviours and interpret them for us and their family."

"I am managing my anger better but want to do more training on this."

External training

An on-line "teaching on zoom" course was attended in April 2020 to enable us to run courses on-line which had not previously been done. Staff also attended Census training in November and December 2020 to enable them to run the Census in April 2021.

The Family members / Carers Support Programme

The group pulled together, supporting each other by setting up a group WhatsApp where they were able to support, offload, laugh, sing and keep each other going. The support from Headway staff on the end of the phone was key. Learning how to live the 'new life' with heightened responsibility for their loved ones, both medically and emotionally, without the direct personal access to GP/NHS services/family meant their friendship bond was key. Some were able to walk daily while others were isolated, but the uplifting messages, videos, and poems shared online kept them all smiling. Following the first lockdown, the group decided to meet up outside every 2 weeks and to have a simple cup of coffee. They have lost loved ones, struggled at times, and not slept but the love and support amongst the group has been amazing.

1 to 1 Support

Staff worked from home once the place of work closed in the first lockdown and all service users were kept in touch by phone, text or email every week, as were the fringe people who didn't attend every session and the carers who would have separate needs. As a result of this, the supported numbers rose to 303 as of 21/1/21 of whom 106 were carers. Some were referrals who were not yet ready to be in a face-to-face session even if this was possible. Some of the carers were also not from people who were in the service as their cared for person did not want to access support, but they did.

Volunteer Support

Unfortunately, due to the pandemic we were not able to utilise any volunteers during this financial year.

Service User Feedback

Feedback was sought from our service users during this pandemic, and as no actual sessions were held it was key to capture the importance of the role of Headway with our service users and carers. Below are some comments from our Service users.

"Looked forward to and enjoyed our weekly zoom quizzes and also when we were able to we met down at the beach 'Stokes Bay' and I felt supported and that I had someone to talk to when I felt low."

" I felt that someone was there for us, I enjoyed the long chats and I used to really look forward to the calls".

" I felt that I had someone that cared about me and understood when I was having a bad day and also really enjoyed some of the giggles that we had during the calls. It helped me feel part of the group still when we did the WhatsApp video chats and really good that we all kept in contact through the lockdowns".

" It was good to hear a friendly voice, I didn't feel alone, great that we didn't loose touch with each other, still felt part of the group, loved the WhatsApp video chats".

"When I had a problem with my shower you contacted the council for me and arranged for them to come out and repair it for me. I couldn't have done it on my own".

"I looked forward to you visiting me I didn't feel so lonely and knew you were there if I had a problem".

" I looked forward to the calls it cheered me up and you helped me sort out a few problems I was having".

Page 3

HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

FINANCIAL REVIEW

Funding

When the first coronavirus lockdown began, income shrank in the first two weeks by 43% as shops shut, staff furloughed and most of the donations lost. Many funders agreed to keep funding Headway, even though normal service was not being provided. The People's Health Trust were the only funding organisation that contacted Headway to reassure us of their support and were quick to vary our contract and send the next amount of funding and enquired how things were. Other funders were not responding to phone and email for the first 2 weeks meaning that the charity's survival beyond 4 weeks was unknown.

Because the service was adapted to providing one to one support to service users during the pandemic the charity met the criteria for a significant number of grants and Joy Ward, the Funding Strategy and Trading Support Manager, reacted immediately when grants became available. Funding support during the crisis was awarded from April 2020 onwards which meant that the staff could remain remote working instead of being furloughed. Enormous success with other grant applications continued.

The staff have all been unswerving in their commitment to supporting service users during these unprecedented times. The charity's financial success during the coronavirus pandemic, in terms of accessing grants and realising a legacy, mean that the charity has not only survived through the pandemic but is now financially stronger than it was beforehand.

The results for this year show a surplus of £26,315.

The on-going expenses mean that there are no funds available for long term investment and in the current financial climate the trustees do not consider that investment in funds other than those which are completely secure can be justified. Consequently, the funds available remain within the charity's bank accounts.

The trustees have examined the charity's requirements for reserves in light of the main risks to the organisation. The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be between 3 and 6 months of the expenditure. Budgeted expenditure for the charity for 2021/2022, excluding operating costs for shops, is £125,000.

The target reserves are therefore at least £31,250 in general funds. The reserves are needed to meet the ongoing cost of running the charity, including the shops. The level of free reserves (total unrestricted funds less fixed assets) at 31 March 2021 is £27,955, and therefore is just short of meeting the reserves policy.

Budget projections have been prepared for the forthcoming year, which demonstrate that the cash position of the charity should not deteriorate further in the coming year. As long as the income targets are met and expenditure is rigorously controlled then the cash and reserves position should continue to improve.

The strategy is to continue to build income through fundraising activity, statutory funding and grant funding, whilst controlling expenditure.

In July 2015, the Trustees set up a wholly owned trading company, Headway Portsmouth Trading Company Limited, to take on the running of the shops. This trading subsidiary has reduced the risk of adverse trading conditions threatening the Charity and has become a source of donated income. The two shops in Cosham and Fareham trade through the trading company. Due to business rates costs the activities of the trading company have transferred back to the charity with effect from 1 April 2021. The trading company will be dissolved in due course.

PLANS FOR FUTURE PERIODS

At the end of the financial year plans are in place for a slow reopening of sessions as allowed by restrictions, with some on-going one to one support. The charity plans to continue activities in the forthcoming years subject to satisfactory funding arrangements. In addition, working in partnership with other organisations is a key aspect of our work.

Page 4

HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity was incorporated under the Companies Act 1985 on 21 March 2001, as a company limited by guarantee (company number 4184335) and is governed by its Memorandum and Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £10.

Recruitment and appointment of new trustees

The directors of the company are also charity trustees for the purpose of charity law. Under the requirements of the Memorandum and Articles of Association the directors are elected to serve for an indefinite period and at each annual general meeting one third of the trustees are subject to retirement by rotation or, if their number is not 3 or a multiple of 3, the number nearest to one third shall retire from office. Trustees retiring from office by rotation are eligible for re-election. New trustees are recommended by the trustees for appointment at the annual general meeting or nominated by a member. However, the charity may by ordinary resolution appoint a person willing to act to be a trustee either to fill a vacancy or as an additional trustee. The trustee appointed will hold office until the following annual general meeting and then they will be formally appointed.

All directors give their time voluntarily and receive no benefits from the charity. Whilst directors are entitled to claim expenses from the charity none have elected to claim any such expenses.

There is a broad mix of skills amongst the directors which serves the charity well.

Organisational structure

The trustees, numbering 5 at the end of the financial year 2020/2021, meet monthly and are responsible for the strategic direction and policy of the charity. The Service Manager and Funding Strategy and Trading Support Manager also attend each meeting. The operational day to day running, administration and organisation is undertaken by the Service Manager who is overseen by the trustees. The Service Manager also has responsibility for individual supervision of the staff team within the centre and also ensuring that the team continues to develop their skills and working practices in line with good practice. The Funding Strategy and Trading Support Manager has responsibility for supervision of the staff teams within the charity shops.

The trustees include a chairperson, a secretary, finance director, and line managers to oversee the day to day workings of the Service Manager and the Funding Strategy and Trading Support Manager.

Induction and training of new trustees

Most trustees are already familiar with the practical work of the charity due to their background in brain injury. New trustees are invited to attend the centre to familiarise themselves with the charity and the context within which it operates.

Related parties

Insofar as it is complementary to the charity's objectives, the charity is guided by both local and national policy. At a national level Headway UK sets out service standards which all local branches are expected to adhere to. The charity retains PQASSO accreditation (quality assurance standard for voluntary & community organisations). In addition, Headway UK provides guidance and information. The charity worked closely with Headway UK's South East regional co-ordinator who helps to ensure that information is shared between local groups. We also received Headway UK accreditation where our governance was described as 'exemplary'.

Page 5

HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Risk management

The trustees have conducted a review of the major risks to which the charity is exposed. Where appropriate systems or procedures have been established to mitigate the risks the charity faces. Significant external risks in relation to funding have led to the development of the business plan and the strategic plan for fundraising. Procedures are in place to ensure compliance with health and safety of staff, volunteers, service users and visitors to the centre and outreach drop-in sessions. All staff, volunteers and trustees undergo an enhanced Disclosure and Barring Service (DBS) check.

FINAL NOTE

There were sadly several deaths of service users and family members/carers during the year. We extend our condolences to their family and friends.

Everyone has been affected in some way by the events of the year, whether that has been through illness, isolation, mental health struggles, home education or just adapting to a new way of life. We send our very best wishes to all contacts of Headway Portsmouth and South East Hampshire for the future.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

04184335 (England and Wales)

Registered Charity number

1086140

Registered office

Grandstand Suite Mountbatten Centre Twyford Avenue Portsmouth Hampshire PO2 9QA

Trustees

Trustees
S J Bowler
J Dallas Resigned 31 December 2020
M Lightfoot
M Wornham Resigned 25 August 2021
W Dunger
J Steventon-Kiy
R V Johnson Appointed 15 September 2021

The charity continued to be managed by Deborah Robinson, the Service Manager. Joanne Dallas joined as Deputy Service Manager in January 2021 in readiness for her to take over as Service Manager on Deborah's retirement in May 2021. The shops are managed by Joy Ward, the Funding Strategy and Trading Support Manager.

Independent Examiner

Gibson Whitter Chartered Accountants and Chartered Tax Advisers Larch House Parklands Business Park Denmead Hampshire PO7 6XP

Page 6

HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

REFERENCE AND ADMINISTRATIVE DETAILS Bankers

Unity Trust Bank PLC, Four Brindleyplace, Birmingham, B1 2HB

Approved by order of the board of trustees on 17 November 2021 and signed on its behalf by:

Ms S J Bowler - Trustee

Page 7

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

Independent examiner's report to the trustees of Headway Portsmouth & South-East Hampshire ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors 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 ('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 your charity's accounts as carried out under section 145 of the Charities Act 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

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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

  4. 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 (applicable 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 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.

Gavin Whitter FCA, CTA Gibson Whitter Chartered Accountants and Chartered Tax Advisers Larch House Parklands Business Park Denmead Hampshire PO7 6XP

6 December 2021

Page 8

HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
78,862
Charitable activities
4
Assistance and activities for people with
head injuries
70,002
Investment income
3
181
Total
149,045
EXPENDITURE ON
Raising funds
5
38,301
Charitable activities
6
Assistance and activities for people with
head injuries
89,285
Total
127,586
NET INCOME/(EXPENDITURE)
21,459
RECONCILIATION OF FUNDS
Total funds brought forward
13,881
TOTAL FUNDS CARRIED FORWARD
35,340		 Restricted
funds
£
2,400
14,859
-
17,259
-
12,403
12,403
4,856
1,929
6,785		 31.3.21
Total
funds
£
81,262
84,861
181
166,304
38,301
101,688
139,989
26,315
15,810
42,125		 31.3.20
Total
funds
£
42,724
77,727
249
120,700
25,440
106,565
132,005
(11,305)
27,115
15,810

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 9

HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

BALANCE SHEET 31 MARCH 2021

Notes
FIXED ASSETS
Tangible assets
13
Investments
14
CURRENT ASSETS
Debtors
15
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
16
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
19
Unrestricted funds
Restricted funds
TOTAL FUNDS		 31.3.21
£
8,553
1
8,554
25,247
38,851
64,098
(30,527)
33,571
42,125
42,125
35,341
6,784
42,125		 31.3.20
£
11,858
1
11,859
8,816
7,850
16,666
(12,715)
3,951
15,810
15,810
13,881
1,929
15,810

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 10

continued...

HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

BALANCE SHEET - continued 31 MARCH 2021

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the Board of Trustees and authorised for issue on 17 November 2021 and were signed on its behalf by:

Ms S J Bowler - Trustee

The notes form part of these financial statements

Page 11

HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice 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 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

Voluntary income including donations, gifts and legacies and grants that provide core funding or are of a general nature are recognised where there is entitlement, the receipt is probable and the amount can be measured with sufficient reliability.

Income from activities to raise funds, such as recharge of wages, and investment income are recognised on a receivable basis.

Income from charitable activities includes income received under contract or where entitlement to grant funding is subject to specific performance conditions. Such income is only deferred when:

Volunteers and donated services

The value of services provided by volunteers is not incorporated into these financial statements.

Where goods or services are provided to the charity as a donation that would normally be purchased from suppliers, this contribution is included in the financial statements at an estimate based on the value of the contribution to the charity.

Expenditure

Expenditure is recognised when a liability is incurred. Contractual arrangements are recognised as goods or services are supplied.

Irrecoverable VAT

All resources expended are classified under activity headings that aggregate all costs related to the category. Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% on reducing balance Computer equipment - 25% on cost

Tangible fixed assets costing £250 or more are capitalised at cost.

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HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES - continued

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2.

DONATIONS AND LEGACIES

Donation from trading company
Donations
Legacies		 31.3.21

£
7,515
21,000
52,747
81,262		 31.3.20
£
13,260
29,464
-
42,724

The charity would like to express special thanks to the following Grantmakers, Charitable Trusts and Charitable Foundations for noting the value of our reablement and COVID-19 programmes and supporting our efforts this year. We would also like to thank Hampshire and Isle of Wight Community Foundation (HIWCF) for supporting us in our vital work:

Page 13

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HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

3. INVESTMENT INCOME

3.
INVESTMENT INCOME
Interest received
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Assistance and activities for people with
Grants
head injuries
Assistance and activities for people with
Session income
head injuries
Grants received, included in the above, are as follows:
Hampshire Adult Services
Portsmouth City Community Fund
People's Health Trust
Other grants (below £1,000)
Hampshire and Isle of Wight Community Foundation
Co-Operative Community Fund
Lloyds Bank Foundation
The Henry Smith Charity
Petersfield Town Council
Groundwork UK
Eight Foundation
Friends of Emsworth Hospitals
East Hampshire District Council
Community Action Hampshire
The Percy Bilton Trust
Moneybarn
Edward Gostling Foundation
Garfield Weston Foundation
National Lottery Community Fund grant
Good Things Foundation
We’re All Together Fund – HIWCF Major Donor
National Emergency Trust (NET)		 31.3.21
£
181
31.3.21
£
78,156
6,705
84,861
31.3.21
£
3,943
13,000
5,282
9,227
-
3,147
-
-
1,500
-
-
1,015
-
-
-
3,911
9,333
5,382
9,859
1,434
6,862
4,261
78,156		 31.3.20
£
249
31.3.20
£
50,793
26,934
77,727
31.3.20
£
3,941
12,500
8,301
1,189
2,324
-
2,618
5,000
1,500
841
3,354
1,000
1,271
2,589
4,365
-
-
-
-
-
-
-
50,793

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HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

5. RAISING FUNDS

Raising donations and legacies

Raising donations and legacies
Staff costs
Fundraising costs
Legal and professional fees
6.
CHARITABLE ACTIVITIES COSTS
Assistance and activities for people
with head injuries
7.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Drop in and activity costs
Staff travel
Volunteer expenses
8.
SUPPORT COSTS
Assistance and activities for people with
head injuries
Support costs, included in the above, are as follows:
Other
Wages
Rent and service charges
Insurance
Carried forward		 31.3.21
£
19,923
312
18,066
38,301
Direct
Support
Costs (see
costs (see
note 7)
note 8)
£
£
63,501
38,187
31.3.21
£
56,551
1,641
5,204
105
63,501
Governance
Other
costs
£
£
36,747
1,440
31.3.21
Assistance
and
activities
for
people
with head
injuries
£
12,914
790
197
13,901		 31.3.20
£
25,100
340
-
25,440
Totals
£
101,688
31.3.20
£
51,381
7,717
5,356
210
64,664
Totals
£
38,187
31.3.20
Total
activities
£
10,527
6,151
783
17,461

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HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

8. SUPPORT COSTS - continued

Other - continued

31.3.21
Assistance
and
activities
for
people
with head
injuries
£
Brought forward
13,901
Light and heat
45
Telephone
1,461
Postage and stationery
1,164
Miscellaneous expenses
766
Training and books
779
Affiliation fees
107
Computer expenses
2,748
Bank charges
78
Bookkeeping and payroll processing
12,392
Depreciation of tangible fixed assets
3,306
36,747
Governance costs
31.3.21
Assistance
and
activities
for
people
with head
injuries
£
Accountancy fees
770
Legal and professional fees
670
1,440
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.3.21
£
Depreciation - owned assets
3,305
Other operating leases
790
Independent examination - Gibson Whitter
770		 31.3.20
Total
activities
£
17,461
426
1,574
1,811
647
245
117
4,484
95
9,872
2,861
39,593
31.3.20
Total
activities
£
1,680
628
2,308
31.3.20
£
2,863
6,151
1,680

9. NET INCOME/(EXPENDITURE)

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HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

During the year no trustee (31.3.20: none) was reimbursed for out of pocket expenses.

11. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Charitable
Raising funds
The full time equivalent number of employees was 3 (31.3.20: 3).
No employees received emoluments in excess of £60,000 (31.3.20: none).
12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
42,724
Charitable activities
Assistance and activities for people with
head injuries
77,727
Investment income
249
Total
120,700
EXPENDITURE ON
Raising funds
25,440
Charitable activities
Assistance and activities for people with
head injuries
104,345
Total
129,785		 31.3.21
£
87,159
1,754
475
89,388
31.3.21
4
1
5
Restricted
funds
£
-
-
-
-
-
2,220
2,220		 31.3.20
£
84,100
2,652
256
87,008
31.3.20
4
1
5
Total
funds
£
42,724
77,727
249
120,700
25,440
106,565
132,005

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HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
funds funds funds
£ £ £
NET INCOME/(EXPENDITURE) (9,085) (2,220) (11,305)
RECONCILIATION OF FUNDS
Total funds brought forward 22,966 4,149 27,115
TOTAL FUNDS CARRIED FORWARD 13,881 1,929 15,810
13. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 April 2020 and 31 March 2021 22,834 17,445 40,279
DEPRECIATION
At 1 April 2020 16,804 11,617 28,421
Charge for year 1,212 2,093 3,305
At 31 March 2021 18,016 13,710 31,726
NET BOOK VALUE
At 31 March 2021 4,818 3,735 8,553
At 31 March 2020 6,030 5,828 11,858
14. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
MARKET VALUE
At 1 April 2020 and 31 March 2021 1
NET BOOK VALUE
At 31 March 2021 1
At 31 March 2020 1

There were no investment assets outside the UK.

The company's investments at the balance sheet date in the share capital of companies include the following:

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HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

14. FIXED ASSET INVESTMENTS - continued

Headway Portsmouth Trading Company Ltd

The charity owns 100% of Headway Portsmouth Trading Company Ltd (registered company number (09666130) whose registered address is Grandstand Suite, Mountbatten Centre, Twyford Avenue, Portsmouth, Hampshire, PO2 9QA. The trading subsidiary runs charity shops. The activities of the trading subsidiary will transfer back to the charity with effect from 1 April 2021. Below is a summary of the financial statements.

Income statement

Turnover
Cost of sales
Gross profit / (loss)
Administrative expenses
Other operating income
Operating profit
Interest payable and similar expenses
Profit before taxation
Tax on profit
Profit for the financial year
Balance sheet
Current assets
Creditors: amounts falling due within one year
Net current assets
Creditors: amounts falling due with more than one year
Total assets less current liabilities
Retained earnings
Called up share capital
Shareholders funds
15.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments		 31.3.21 31.3.20
£
113,306
55,697
57,609
45,008
866
13,467
(206)
13,261
1
13,260
4,180
(4,174)
6
-
6
5
1
6
31.3.20
£
1,115
900
6,689
112
8,816
£
42,307
44,716
(2,409)
57,440
67,519
7,670
(155)
7,515
-
7,515
35,091
(35,085)
6
-
6
5
1
6
31.3.21
£
3,163
-
19,702
2,382
25,247

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HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Social security and other taxes
Other creditors
Deferred income
Accrued expenses		 31.3.21
£
2,814
1,888
120
23,986
1,719
30,527		 31.3.20
£
1,267
1,824
936
5,793
2,895
12,715

Deferred income carried forward at 31 March 2020 primarily relates to grant funding for future periods.

31.3.21
31.3.20		 31.3.21
31.3.20		 31.3.21
31.3.20
£
£
Brought forward 5,793
10,536
Released to incoming resources in year (5,793)
(10,536)
Income deferred in year 23,986 5,793
Carried forward 23,986 5,793

17. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.21 31.3.20
£ £
Within one year 27,750 3,436
Between one and five years 22,500 -
50,250 3,436
ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted
Restricted
funds
funds
£
£
Fixed assets
7,385
1,168
Investments
1
-
Current assets
58,482
5,616
Current liabilities
(30,527)
-

35,341
6,784		 31.3.21
Total
funds
£
8,553
1
64,098
(30,527)
42,125		 31.3.20
Total
funds
£
11,858
1
16,666
(12,715)
15,810

18. ANALYSIS OF NET ASSETS BETWEEN FUNDS

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continued...

HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

19. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
SEIF fund
The Hospital Saturday Fund
Bridging the Gap
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
SEIF fund
The Hospital Saturday Fund
Bridging the Gap
National Lottery Community Fund
Awards For All Grant
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
SEIF fund
The Hospital Saturday Fund
TOTAL FUNDS		 At 1.4.20
£
13,881
1,929
-
-
1,929
15,810
Incoming
resources
£
149,045
-
2,400
5,000
9,859
17,259
166,304
At 1.4.19
£
22,966
2,287
1,862
4,149
27,115		 Net
movement
At
in funds
31.3.21
£
£
21,460
35,341
(264)
1,665
2,167
2,167
2,952
2,952
4,855
6,784
26,315
42,125
Resources
Movement
expended
in funds
£
£
(127,585)
21,460
(264)
(264)
(233)
2,167
(2,048)
2,952
(9,859)
-
(12,404)
4,855
(139,989)
26,315
Net
movement
At
in funds
31.3.20
£
£
(9,085)
13,881
(358)
1,929
(1,862)
-
(2,220)
1,929
(11,305)
15,810

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HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

19. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
SEIF fund
The Hospital Saturday Fund
TOTAL FUNDS		 Incoming
resources
£
120,700
-
-
-
120,700		 Resources
Movement
expended
in funds
£
£
(129,785)
(9,085)
(358)
(358)
(1,862)
(1,862)
(2,220)
(2,220)
(132,005)
(11,305)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
SEIF fund
The Hospital Saturday Fund
Bridging the Gap
TOTAL FUNDS		 Net
movement
At 1.4.19
in funds
£
£
22,966
12,375
2,287
(622)
1,862
305
-
2,952
4,149
2,635
27,115
15,010		 At
31.3.21
£
35,341
1,665
2,167
2,952
6,784
42,125

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
SEIF fund
The Hospital Saturday Fund
Bridging the Gap
National Lottery Community Fund
Awards For All Grant
TOTAL FUNDS		 Incoming
resources
£
269,745
-
2,400
5,000
9,859
17,259
287,004		 Resources
Movement
expended
in funds
£
£
(257,370)
12,375
(622)
(622)
(2,095)
305
(2,048)
2,952
(9,859)
-
(14,624)
2,635
(271,994)
15,010

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HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

19. MOVEMENT IN FUNDS - continued

Social Enterprise Investment Fund (SEIF)

This funding has been awarded to allow the charitable company to adapt to the new financing and operating processes in social care. The fund has been used to obtain PQASSO accreditation, improved ability to assess impact and also to upgrade IT systems and the website. Some of this funding has been used to fund tangible fixed assets and therefore £1,432 of the balance on this fund represents the net book value of these assets at the balance sheet date. Depreciation on these assets in future years will be attributed to this fund.

The Saturday Hospital Fund

Grant funding received from The Saturday Hospital Fund for the Early Intervention Support programme.

Bridging the Gap Fund

Grant funding received from Portsmouth County Council.

National Lottery Community Awards For All Fund

Grant funding received from the National Lottery Community Fund to provide Covid-19 service user support.

20. RELATED PARTY DISCLOSURES

The charitable company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The charitable company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

During the year donations totalling £568 were made by trustees (31.3.20: £Nil).

21. ULTIMATE CONTROLLING PARTY

The charitable company is under the control of its members. No one member has control of the charitable company.

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HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

22. SHARE CAPITAL AND LIABILITY OF MEMBERS

The charitable company is a company limited by guarantee and its members have undertaken to contribute to the assets of the company in the event of it being wound such amounts as may be required not exceeding £10.

Page 24