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2024-03-31-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 2024

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 2024

Page
Report of the Trustees 1 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9 to 10
Notes to the Financial Statements 11 to 21

HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

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 2024. 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 2023/24 Headway continued to offer support through sessions provided at the Mountbatten Centre and in the community. Outreach services, family members' meetings and structured activities were offered. 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 2024

ACHIEVEMENT AND PERFORMANCE

Session support

We currently have 126 Service Users (SU) attending our outreach sessions in either Portsmouth, Gosport, or Petersfield. During the year there were 126 regular service users attending one or more sessions a week with an average of 19 carers attending one of the weekly sessions. By March 2024 our monthly throughput had increased to 466 service users attending our sessions throughout the month, which was up by 6% from last year. New service users continued to be invited along to join the sessions and the average service user monthly attendance for Headway Portsmouth and South East Hampshire's Social Inclusion Community Outreach programmes was 126 up from 110 last year.

Feedback

They have only been coming for 3 months but feel that the group has literally transformed their lives. 'a life saver' 'made a massive difference'. From deep conversation it seems to have helped them both come to terms with Martin's situation and they appeared to very much be enjoying the socialisation - so much they have gone from no groups 3 months ago to 2 groups now. They 'wouldn't miss it'.

Child Brain Injury Trust - I just wanted to say a big thank you for having me yesterday as your "surprise" visitor! It was fantastic to see a session in action and to meet your brilliant service users. It was very eye-opening for me when thinking about the needs of my older cases - I just wish there were more groups like yours across my area.

Awards

Headway UK Annual Awards 2023 - Innovation Award Finalist

1 to 1 Support

Headway provides 1 to 1 support for many different needs during the year: -

Hospital project

Despite the hospital remaining under immense pressure the Hospital and Bridging the Gap Coordinator managed to continue to maintain the link between the hospital workers and patients, which has led to a continued stream of referrals. Through 3 years of National Lottery Funding we were able to employ an part time employee in June 2023 to oversee the Outreach Programme. Between them they dealt with with 166 referrals, compared to 125 the previous year and 76 enquiries, compared to 57 the previous year. 171 referrals from the hospital and other health professionals during this period, and 58 enquiries/advice and we are currently still supporting 96 referrals until they are ready to join one of our outreach sessions or do not require any further support form Headway.

Part of the service we provide is offering advice and information for people who have sustained a brain injury and assist in the following areas:

Over the year we supported 66 individuals affected by brain injury whilst as an inpatient at the QA Hospital and then on discharge we continue their journey with them until they were ready to move into the community and attending one of our outreach sessions.

Page 2

HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

We provided an initial meet and greet service to 45 individuals, assisted 111 people with their benefits such as PIP, AA, UC and ESA and supported another 18 with their Blue badge, Brain Injury Card, Bus Pass etc.

Training Courses

We continue to offer training and the Cognitive Reablement Programme included practical support sessions and activities that support personal safety, improved communication, improved behavioural and relationship skills and improved executive function, skills that have been lost because of brain injury. With this programme we were able to provide much needed support by assisting new Service Users in improving their skills, health, and wellbeing, building confidence and self-esteem, in a relaxed, supported, and safe secure, online format, hosted and facilitated by a skilled tutor with extensive knowledge of brain injury.

Brain Injury Awareness - Three Brain Injury Awareness (BIA) courses for service users' families, friends and carers were run, one in April with 8 attendees, one in October with 12 attendees, and one in January 2024 with 6 attendees. We o ffer free places on the BIA Courses to QA Hospital staff.

Cognitive Reablement course - We ran one cognitive reablement courses with 9 attendees

Feedback

Headway have been a lifeline for my dad after his acquired brain injury; the weekly meetings and the courses have been a huge help to him in building skills such as planning, organisation and speech, but also as a social network. Brain injury is a very complex issue and one which many people do not know much about, so raising awareness and increasing understanding of the associated visible and invisible disabilities is so important.

The class was really good easy to follow and enjoyable and was good to have a session for how a carer can manage the side effects too.

The course made me think that I am not alone and it made me understand more about how to cope.

The Family members / Carers Support Programme

Family members appreciate having the opportunity to talk with others who have been through similar traumatic experiences. To share stories and discuss the challenges of caring for someone is of immense value. There is a range of experience within the group who can help with new contacts and are available to meet on an individual basis either by phone or 1-2-1 for a coffee and chat, with an invitation to join the groups if and when ready.

Volunteer Support

Volunteers returned to sessions during the year to provide invaluable support and strong links continue with Portsmouth University to encourage students to volunteer with the Charity.

Charity Shops

The shops once again contributed extremely well to income.

Page 3

HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

FINANCIAL REVIEW

Funding

The results for this year show a surplus of £16,819 (2023: £24,641).

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 2023/2024 is £200,000 excluding shop expenditure.

The target reserves are therefore at least £50,000 in general funds with an upper target of £100,000. The reserves are needed to meet the ongoing cost of running the charity, including the shops. The present level of free reserves is £87,969, and therefore there are sufficient funds to meet the reserves policy.

Budget projections have been prepared for the forthcoming year, which demonstrate that the free reserves position of the charity should not deteriorate significantly 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.

PLANS FOR FUTURE PERIODS

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.

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 2023/2024, meet monthly and are responsible for the strategic direction and policy of the charity. The CEO also attends each meeting. The operational day to day running, administration and organisation is undertaken by the CEO who is overseen by the trustees. The CEO also has responsibility for individual supervision of the staff team within the centre and shops, and also ensuring that the team continues to develop their skills and working practices in line with good practice.

The trustees supervise the CEO.

Page 4

HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

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. 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 have received Headway UK accreditation where our governance was described as 'exemplary'.

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 a Disclosure and Barring Service (DBS) check

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

S J Bowler A Davies Resigned 31 July 2023 W Dunger J Steventon-Kiy R V Johnson Jennifer Dallas

The charity continues to be managed by Joanne Dallas, the CEO, who also has responsibility for funding/fundraising.

Independent Examiner

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

Page 5

HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

REFERENCE AND ADMINISTRATIVE DETAILS

Bankers

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

Approved by order of the board of trustees on 20 November 2024 and signed on its behalf by:

Ms S J Bowler - Trustee

Page 6

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 2024.

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

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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

The Institute of Chartered Accountants in England and Wales

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

22 November 2024

Page 7

HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
8,685
Charitable activities
5
Assistance and activities for people with
head injuries
76,598
Other trading activities
3
153,970
Investment income
4
31
Other income
6
-
Total
239,284
EXPENDITURE ON
Raising funds
7
142,815
Charitable activities
8
Assistance and activities for people with
head injuries
78,678
Total
221,493
NET INCOME/(EXPENDITURE)
17,791
RECONCILIATION OF FUNDS
Total funds brought forward
72,094
TOTAL FUNDS CARRIED FORWARD
89,885		 Restricted
funds
£
-
52,254
-
-
-
52,254
-
53,226
53,226
(972)
4,413
3,441		 31.3.24
Total
funds
£
8,685
128,852
153,970
31
-
291,538
142,815
131,904
274,719
16,819
76,507
93,326		 31.3.23
Total
funds
£
39,113
77,649
147,183
31
780
264,756
121,076
119,039
240,115
24,641
51,866
76,507

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 8

HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

BALANCE SHEET 31 MARCH 2024

Notes
FIXED ASSETS
Tangible assets
15
Investments
16
CURRENT ASSETS
Debtors
17
Cash at bank
CREDITORS
Amounts falling due within one year
18
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
21
Unrestricted funds
Restricted funds
TOTAL FUNDS		 31.3.24
£
4,734
-
4,734
9,781
128,399
138,180
(49,588)
88,592
93,326
93,326
89,885
3,441
93,326		 31.3.23
£
6,952
1
6,953
11,132
90,610
101,742
(32,188)
69,554
76,507
76,507
72,094
4,413
76,507

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 9

continued...

HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

BALANCE SHEET - continued 31 MARCH 2024

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 20 November 2024 and were signed on its behalf by:

Ms S J Bowler - Trustee

The notes form part of these financial statements

Page 10

HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

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.

Page 11

continued...

HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

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

31.3.24 31.3.23 £ £ Donations 8,685 39,113

The Charity would like to express special thanks to all the Grantmakers, Charitable Trusts and Charitable Foundations for supporting our vital work this year:

Portsmouth City Council Hampshire County Council East Hampshire District Council Petersfield Town Council Friends of Emsworth Lawn Tennis Association National Lottery South Western Railway Hampshire and isle of Wight Community Fund - Moneybarn and GVC Saturday Hospital Fund Zurich Community Trust Energise Me

Page 12

continued...

HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

3.
OTHER TRADING ACTIVITIES
Shop income
4.
INVESTMENT INCOME
Interest received
5.
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
The Henry Smith Charity
Petersfield Town Council
Friends of Emsworth Hospitals
East Hampshire District Council
Edward Gostling Foundation
National Lottery Community Fund grant
HIWCF - Kenwood Community Fund
Shanly Foundation
The Grocers' Charity
Gosport Community Lottery
HIWCF - GVC Fund
The Screwfix Foundation
Skills for Care - Workforce Development Fund
Big Lottery Fund
Energise Me
South Western Railway		 31.3.24
£
153,970
31.3.24
£
31
31.3.24
£
90,199
38,653
128,852
31.3.24
£
1,567
8,000
3,748
4,181
15,299
-
136
576
1,092
-
39,794
-
-
-
-
-
-
-
-
6,939
8,867
90,199		 31.3.23
£
147,183		 31.3.23
£
147,183
31.3.23
£
31
31.3.23
£
42,449
35,200
77,649
31.3.23
£
-
8,000
4,682
3,194
-
1,167
1,200
1,566
-
2,500
3,529
1,286
2,800
2,195
1,403
1,622
1,805
1,500
4,000
-
-
42,449

Page 13

continued...

HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

6. OTHER INCOME

Training courses
7.
RAISING FUNDS
Raising donations and legacies
Staff costs
Fundraising costs
Other shop costs
Shop rent and service charges
8.
CHARITABLE ACTIVITIES COSTS
Assistance and activities for people
with head injuries
9.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Drop in and activity costs
Staff travel
10.
SUPPORT COSTS
Assistance and activities for people with
head injuries		 31.3.24
£
-
31.3.24
£
92,492
626
17,842
31,855
142,815
Direct
Support
Costs (see
costs (see
note 9)
note 10)
£
£
81,829
50,075
31.3.24
£
63,521
13,368
4,940
81,829
Governance
Other
costs
£
£
49,100
975		 31.3.23
£
780
31.3.23
£
72,838
531
15,950
31,757		 31.3.23
£
780
31.3.23
£
72,838
531
15,950
31,757
121,076
Totals
£
131,904
31.3.23
£
57,803
9,137
3,671
70,611
Totals
£
50,075

Page 14

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HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

10. SUPPORT COSTS - continued

Support costs, included in the above, are as follows:

Other

31.3.24
Assistance
and
activities
for
people
with head
injuries
£
Wages
7,571
Rent and service charges
7,366
Rates and water
-
Insurance
1,825
Telephone
1,477
Postage and stationery
966
Miscellaneous expenses
2,251
Training and books
1,648
Affiliation fees
10
Computer expenses
5,584
Repairs and renewals
-
Bank charges
957
Bookkeeping and payroll processing
15,075
Depreciation of tangible fixed assets
2,219
Irrecoverable VAT
2,150
Loss on disposal of subsidiary
1
49,100
Governance costs
31.3.24
Assistance
and
activities
for
people
with head
injuries
£
Accountancy fees
975		 31.3.23
Total
activities
£
7,091
7,224
115
368
1,196
473
2,444
3,256
327
4,149
1,260
978
14,400
2,478
1,669
-
47,428
31.3.23
Total
activities
£
1,000

Page 15

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HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

11. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.24 31.3.23
£ £
Depreciation - owned assets 2,218 2,478
Other operating leases 7,366 7,224
Deficit on disposal of fixed assets 1 -
Independent examination - Gibson Whitter 975 1,000

12. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

During the year no trustee (31.3.23: none) was reimbursed for out of pocket expenses.

13. STAFF COSTS

STAFF COSTS
Wages and salaries
Social security costs
Other pension costs		 31.3.24
£
156,512
5,116
1,956
163,584		 31.3.23
£
132,436
4,004
1,292
137,732

The average monthly number of employees during the year was as follows:

Charitable
Raising funds		 31.3.24
7
4
11		 31.3.23
5
4
9

The full time equivalent number of employees was 7 (31.3.23: 6).

No employees received emoluments in excess of £60,000 (31.3.23: none).

14. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted Restricted Total
funds funds funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 39,113 - 39,113
Charitable activities
Assistance and activities for people with
head injuries 67,962 9,687 77,649
Other trading activities 147,183 - 147,183
Investment income 31 - 31
Other income 780 - 780

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HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

14.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
funds
funds
£
£
Total
255,069
9,687
EXPENDITURE ON
Raising funds
121,076
-
Charitable activities
Assistance and activities for people with
head injuries
106,742
12,297
Total
227,818
12,297
NET INCOME/(EXPENDITURE)
27,251
(2,610)
RECONCILIATION OF FUNDS
Total funds brought forward
44,843
7,023
TOTAL FUNDS CARRIED FORWARD
72,094
4,413
15.
TANGIBLE FIXED ASSETS
Fixtures
and
Computer
fittings
equipment
£
£
COST
At 1 April 2023 and 31 March 2024
22,834
20,775
DEPRECIATION
At 1 April 2023
19,756
16,901
Charge for year
624
1,594
At 31 March 2024
20,380
18,495
NET BOOK VALUE
At 31 March 2024
2,454
2,280
At 31 March 2023
3,078
3,874		 Total
funds
£
264,756
121,076
119,039
240,115
24,641
51,866
76,507
Totals
£
43,609
36,657
2,218
38,875
4,734
6,952

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HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

16. FIXED ASSET INVESTMENTS

The charitable company's wholly owned trading subsidiary, Headway Portsmouth Trading Company Limited, ceased trading on 31 March 2021 and has now been dissolved.

17. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.24 31.3.23
£ £
Trade debtors 2,279 863
Other debtors 2,916 4,488
VAT 1,048 1,839
Prepayments 3,538 3,942
9,781 11,132

18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Deferred income
Accrued expenses		 31.3.24

£
6,081
1,842
279
38,285
3,101
49,588		 31.3.23
£
2,629
2,071
197
24,360
2,931
32,188
Deferred income carried forward at 31 March 2024 primarily relates to grant funding for future
periods.		 Deferred income carried forward at 31 March 2024 primarily relates to grant funding for future
periods.		 Deferred income carried forward at 31 March 2024 primarily relates to grant funding for future
periods.
31.3.24
31.3.23
£
£
Brought forward
24,360
29,071
Released to incoming resources in year
(24,360)
(29,071)
Income deferred in year 38,285 24,360
Carried forward 38,285 24,360

19. LEASING AGREEMENTS

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

31.3.24 31.3.23
£ £
Within one year 28,750 21.250
Between one and five years 42,500 41,250
71,250 62,500

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HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

20. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted
funds
£
Fixed assets
1,916
Investments
-
Current assets
137,557
Current liabilities
(49,588)
89,885
21.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
SEIF fund
Big Lottery Fund
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
National Lottery Community Fund
Energise Me
Big Lottery Fund
TOTAL FUNDS		 Restricted
funds
£
2,818
-
623
-
3,441
At 1.4.23
£
72,094
1,293
3,120
4,413
76,507
Incoming
resources
£
239,284
-
3,000
42,315
6,939
-
52,254
291,538		 31.3.24
31.3.23
Total
Total
funds
funds
£
£
4,734
6,952
-
1
138,180
101,742
(49,588)
(32,188)
93,326
76,507
Net
movement
At
in funds
31.3.24
£
£
17,791
89,885
(132)
1,161
(840)
2,280
(972)
3,441
16,819
93,326
Resources
Movement
expended
in funds
£
£
(221,493)
17,791
(132)
(132)
(3,000)
-
(42,315)
-
(6,939)
-
(840)
(840)
(53,226)
(972)
(274,719)
16,819

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HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

21. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
SEIF fund
The Hospital Saturday Fund
Big Lottery Fund
TOTAL FUNDS		 Net
movement
At 1.4.22
in funds
£
£
44,843
27,251
1,461
(168)
5,562
(5,562)
-
3,120
7,023
(2,610)
51,866
24,641		 At
31.3.23
£
72,094
1,293
-
3,120
4,413
76,507

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

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 255,069 (227,818) 27,251
Restricted funds
SEIF fund - (168) (168)
The Hospital Saturday Fund - (5,562) (5,562)
Bridging the Gap 1,167 (1,167) -
National Lottery Community Fund 3,529 (3,529) -
Energise Me 991 (991) -
Big Lottery Fund 4,000 (880) 3,120
9,687 (12,297) (2,610)
TOTAL FUNDS 264,756 (240,115) 24,641

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 £1,161 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

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continued...

HEADWAY PORTSMOUTH & SOUTH-EAST HAMPSHIRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

21. MOVEMENT IN FUNDS - continued

Grant funding received from the National Lottery Community Fund for the Cognitive Reablement Programme.

Betty Messenger

Grand funding received from Betty Messenger to provide telephone and face to face support to users after the Covid-19 pandemic.

Big Lottery Fund

Grant funding received from Big Lottery Fund for the purchase of laptops. The laptops were acquired during the year. The balance of £2,280 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.

Energise Me

Grant funding received from Energise Me for the Investing in Communities project.

22. 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.

23. ULTIMATE CONTROLLING PARTY

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

24. 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 21