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2022-03-31-accounts

REGISTERED COMPANY NUMBER: 04001321 (England and Wales) REGISTERED CHARITY NUMBER: 1089171

Report of the Trustees and

Financial Statements for the Year Ended 31 March 2022

for

Headway Black Country (A Company Limited by Guarantee)

Lewis Smith & Co. Chartered Certified Accountants The Old Doctor's House 74 Grange Road Dudley West Midlands DY1 2AW

Headway Black Country

Contents of the Financial Statements for the Year Ended 31 March 2022

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 9
Independent Examiner's Report 10
Statement of Financial Activities 11
Balance Sheet 12 to 13
Cash Flow Statement 14
Notes to the Cash Flow Statement 15
Notes to the Financial Statements 16 to 27
Detailed Statement of Financial Activities 28 to 29

Headway Black Country

Reference and Administrative Details for the Year Ended 31 March 2022

TRUSTEES Ms Claire Victoria Burnell Ms Susan Mary Hatton Ms Deborah Ann Pejica Ms Alison Jane Ratcliffe Ms Jane Camellia Sarker Ms Kavita Nagra REGISTERED OFFICE Headway Black Country Martins Hill Street Dudley West Midlands DY2 8RT REGISTERED COMPANY 04001321 (England and Wales) NUMBER

REGISTERED CHARITY NUMBER 1089171

INDEPENDENT EXAMINER Lewis Smith & Co. Chartered Certified Accountants The Old Doctor's House 74 Grange Road Dudley West Midlands DY1 2AW

Page 1

Headway Black Country

Report of the Trustees

for the Year Ended 31 March 2022

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 31st March 2022.

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).

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Page 2

Headway Black Country

for the Year Ended 31 March 2022

Report of the Trustees

OBJECTIVES AND ACTIVITIES Structure, Governance and Management

Headway Black Country was started as branch of Headway UK in 1997.

It was incorporated as a company limited by guarantee on 24th May 2000. On 1st November 2001 the company was entered on to the Central Register of Charities, number: 1089171. The company was established under a Memorandum of Association, which established the objects and powers of the company and is governed under its Articles of Association.

The company is limited by guarantee. Each member undertakes to contribute to the company as may be required, but not exceeding £5, in the event that the company is wound up.

As such, Headway Black Country has been an independent charity and company limited by guarantee since these dates, affiliated to Headway UK.

Our main address is:

Headway Black Country, Martin Hill Street, Dudley, West Midlands, DY2 8RT

Our Bank is:

Unity Trust Bank, Nine Brindleyplace, Birmingham B1 SHB

Accountant and Independent Examiner are:

Lewis Smith & Co. The Old Doctors House, 74 Grange Road, Dudley DY1 2AW

The Board of Trustees meets bi-monthly to manage the strategic direction and overall performance of the organisation. Minutes are taken at each meeting. At least three Trustees must attend in order for action or a decision to be approved.

The Chair and the Treasurer are appointed annually and one third of all remaining Trustees retire by rotation each year. A retiring Trustee is eligible for re-election. A Secretary may be appointed by The Board for such term as it shall think fit.

Trustees are recruited from all sections of the local community often through contact with support groups, professionals and sometimes advertisements. All Trustees receive an induction.

Trustees in office during 2021/22 were:

Ms Claire Burnell Ms Sue Hatton (Chair) Ms Debbie Pejica (Treasurer) Ms Alison Ratcliffe Ms Jane Sarkar Ms Kavita Nagra

The Chief Officer is responsible for the day-to-day running of the charity and reports to the Trustees on a regular basis. The Chief Officer, the Referral Manager, the Specialist Occupational Therapist, the Finance & Admin Manager, the Life Skills Co-ordinator and the Outreach Team Leader form the Management Team.

Frontline delivery is carried out by our staff team and our volunteers. At the end of March 2022, we employed 32 staff (2 full time, 30 part time), 2 sessional Counsellors and 3 Bank Support Workers. During the financial year 2021/22 we were supported by 10 volunteers in total.

All volunteers undergo relevant training and can access supervision. Volunteers are vital to the services we provide and we are very grateful for their contribution to our work.

Page 3

Headway Black Country

Report of the Trustees

for the Year Ended 31 March 2022

Objectives

Headway Black Country is a local charity set up to provide support and information for adults who have survived a brain injury and to their family and carers. We cover The Black Country areas of Dudley, Sandwell, Walsall and Wolverhampton.

Our mission is: To promote the understanding of all aspects of brain injury and provide information, support and services for people with a brain injury, their families and carers.

Our vision is that: Any person with an acquired brain injury and their family, living in the Black Country, will have access to all the resources and support they need to enable them to live an active and fulfilled life within their family and communities.

The Strategic Objectives of the Charity are to:

Guiding principles underpinning the delivery of our services

Headway Black Country:

Page 4

Headway Black Country

Report of the Trustees for the Year Ended 31 March 2022

OBJECTIVES AND ACTIVITIES Activities for Public Benefit

Acquired Brain Injury refers to any form of brain injury that has occurred since birth. It includes Traumatic Brain Injury (from a severe blow or jolt to the head), Strokes (including haemorrhages caused by ruptured aneurysms), viral infections (e.g. encephalitis, meningitis), brain tumours, hypoxic/anoxic injuries, amongst other causes.

Our brain is a complex organ controlling our body and all the elements of who we are from our thoughts and memory, to our behaviour and personality. Injury to the brain, however it is caused, affects people in different ways with each person having unique physical, emotional, intellectual or behavioural problems. These problems may not always be apparent and for this reason it is often referred to as a 'hidden disability'.

These difficulties - which the person with a brain injury may not be aware of themselves - can be severely life restricting and go largely unrecognised by the public, statutory authorities and non-expert professionals.

Each year an estimated 1 million people attend hospital A&E in the UK following brain injury. Many more head injuries go unreported and are not assessed by medical professionals. It is estimated that across the UK there are 500,000 people of working age living with long-term disabilities as a result of traumatic brain injury.

Headway Black Country seeks to address the needs of its client group by:

Headway Black Country works to the Headway UK National Quality Standards.

Page 5

Headway Black Country

Report of the Trustees for the Year Ended 31 March 2022

OBJECTIVES AND ACTIVITIES

In undertaking these activities, Headway Black Country and its Trustees confirm the Charity has complied with its duty under section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission.

Risk

A Risk Register is in place and is reviewed by the Board of Trustees every six months. The major risk to which the organisation is exposed is the lack of continued funding. The Trustees are continually striving to ensure that the appropriate level of funding continues.

A majority of clients now buy our services themselves or are funded by a local authority through a direct payment or a personal budget. This means that we have a greater number of purchasers to manage and the potential risk of payment default is increased, although in practice non-payment to date has been rare. Our systems have been developed in line with these changes to ensure effective control and management but we continue to look for further improvements and efficiencies.

We are working with local authorities, Birmingham & Black Country CCG and other bodies to ensure that we continue to be funded to deliver the vital support and services we offer to people with brain injury, their families and carers. In line with our Business Plan we are actively exploring new services that will provide sustainable income sources over time.

Protection of vulnerable adults

All clients attending our Life Skills Sessions are individually risk assessed as are the activities they engage in. Headway Black Country is committed to safeguarding of vulnerable adults. We have a policy and procedures for the protection of people who use our services, provide regular staff training and subscribe to the Safeguarding Adults Multi-Agency Policy and Procedures for the West Midlands.

Page 6

Headway Black Country

for the Year Ended 31 March 2022

Report of the Trustees

ACHIEVEMENT AND PERFORMANCE

Achievement and Performance 2021/22

During the year Headway Black Country has continued to achieve its objectives, providing significant benefits to the service users, their families and carers.

Life Skills Services

1st April 2021 - 85 clients attending at least one session each week.

31st March 2022 - 91 clients attending at least one session each week.

Outreach Service

The outreach service has continued to support people both on the telephone and in person, returning to home visits later on in 2021 following the pandemic.

Referrals for April 2021 - March 2022 - 297 clients, families and carers.

Counselling Service

During the year; 133 one to one counselling sessions provided.

Citizens Advice

196 appointments were carried out over the twelve-month period with a total of 92 clients.

Other key developments during the year 2021/22 have been:

Continuing to deliver our National Lottery Communities Fund project for the three years until end of March 2022 which has enabled us to:

FINANCIAL REVIEW

Financial position

The Charity receives income from the provision of care services. It also seeks financial support for specific activities / services from charitable trusts, local authorities and the Big Lottery. Fund raising and charitable giving by individuals, organisations and groups also make important contributions to our services and activities.

During the year to 31st March 2022 the Charity received donations, service income, local authority income, grants and interest amounting to £543,699 (2021 - £505,803) out of which £485,036 (2021 - £447,830) was spent in pursuit of the Charity's objects. At 31st March 2022 £661,822 (2021 - £603,159) was held as Restricted and Unrestricted Funds. The detailed accounts are set out on the pages 11 to 26 of these financial statements.

Page 7

Headway Black Country

Report of the Trustees for the Year Ended 31 March 2022

FINANCIAL REVIEW

Funds policy

Headway Black Country and its Trustees consider that the assets within the Charity should be at a level to cover the Charity's operational costs for at least six months. The reserves are needed to bridge the funding gaps between spending on the Charity's overheads and the receipt of new grants and development of new income streams.

We also recognise, through the Designated Building Fund, that in the short to medium term the charity is going to need to secure additional, suitable accommodation to facilitate service developments and respond to demand. This fund currently stands at £80,000. To reflect the need to prepare to respond to pressures on current accommodation, following the adoption of the Accommodation Strategy it has been calculated that £190,000 of free reserves can be made available to support delivery of that Strategy.

Our Investment Policy guides our approach to the application of reserves to further the work of the Charity having regard to its Business Plan and investment risks. The majority of the reserves are represented by cash at bank and the managerial staff monitor the cash levels on a daily basis and report any material fluctuations to the Trustees.

FUTURE PLANS

Looking Ahead

We continue to work to deliver our current Business Plan with the aim of moving away from reliance on grant subsidy to a sustainable revenue model. Indications are that despite the impact of COVID-19 revenue from sale of services is rising as we grow existing Life Skills sessions, invest in marketing and outreach activities, improve the quality and clinical basis of the service and so attract new clients.

Our Business Plan was due to be reviewed during 2020 but Trustees decided to postpone work on this pending the appointment of a new Chief Officer in late 2020 and until there was greater certainty about the longer-term implications for the charity of the COVID-19 pandemic. We have this year drawn together an interim Business Plan whilst we work to develop our longer-term strategy for the next three to five years.

We have recommenced actively working to our Accommodation Strategy to address the pressure on our accommodation to increasing client numbers and services. Plans were well advanced for an Annex building for our Martin Hill Street Centre. However, the onset of the COVID-19 pandemic had put that project on hold and it is currently being reviewed by Trustees as part of the preparation of the new Business Plan from 2022 onwards.

We continue to engage with a wide range of statutory agencies, voluntary partners and commissioning bodies in order to sustain our work and explore opportunities of meeting unmet need amongst those affected by acquired brain injury. This has become even more important as we have had to adjust our services and support to our client group through the pandemic and into a 'new normal' environment.

Trustees are dedicated to seeking other funding and income streams to give our organisation security and stability so that we can continue to provide services to people with acquired brain injury and their families and carers in the long-term. This will be at the heart of the Business Planning process during 2022.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

..........................................................................

Page 8

Headway Black Country

Report of the Trustees for the Year Ended 31 March 2022

Ms Susan Mary Hatton - Trustee

Page 9

Independent Examiner's Report to the Trustees of Headway Black Country

Independent examiner's report to the trustees of Headway Black Country ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.

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 registered member of FCCA 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.

Mr Andrew James Smith FCCA Lewis Smith & Co. Chartered Certified Accountants The Old Doctor's House 74 Grange Road Dudley West Midlands DY1 2AW

Date: .............................................

Page 10

Headway Black Country

Statement of Financial Activities for the Year Ended 31 March 2022

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
14,424
Charitable activities
Grants receivable
14,108
Income received through the provision of
rehabilitative services
418,391
Investment income
771
Other income
-
Total
447,694
EXPENDITURE ON
Charitable activities
4
Staff and volunteer costs
321,597
Property costs
43,230
Other operating costs
51,846
Total
416,673
NET INCOME
31,021
RECONCILIATION OF FUNDS
Total funds brought forward
581,515
TOTAL FUNDS CARRIED FORWARD
612,536		 Restricted
funds
£
-
96,004
-
-
1
96,005
57,814
120
10,429
68,363
27,642
21,644
49,286		 31.3.22
Total
funds
£
14,424
110,112
418,391
771
1
543,699
379,411
43,350
62,275
485,036
58,663
603,159
661,822		 31.3.21
Total
funds
£
8,201
115,515
380,229
1,856
2
505,803
348,180
31,803
67,847
447,830
57,973
545,186
603,159

The notes form part of these financial statements

Page 11

Headway Black Country

Balance Sheet

31 March 2022

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
10
223,196
CURRENT ASSETS
Debtors
11
43,194
Cash at bank and in hand
410,737
453,931
CREDITORS
Amounts falling due within one year
12
(23,021)
NET CURRENT ASSETS
430,910
TOTAL ASSETS LESS CURRENT
LIABILITIES
654,106
CREDITORS
Amounts falling due after more than one year
13
(41,570)
NET ASSETS
612,536
FUNDS
16
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
1,445
-
49,101
49,101
(1,260)
47,841
49,286
-
49,286		 31.3.22
Total
funds
£
224,641
43,194
459,838
503,032
(24,281)
478,751
703,392
(41,570)
661,822
612,536
49,286
661,822		 31.3.21
Total
funds
£
230,749
25,232
410,979
436,211
(17,686)
418,525
649,274
(46,115)
603,159
581,515
21,644
603,159

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 12

Headway Black Country

Balance Sheet - continued 31 March 2022

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 by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. Ms Susan Mary Hatton - Trustee

The notes form part of these financial statements

Page 13

Headway Black Country

Cash Flow Statement for the Year Ended 31 March 2022

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash used in investing activities
Cash flows from financing activities
Loan repayments in year
Net cash used in financing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning
of the reporting period
Cash and cash equivalents at the end of the
reporting period		 31.3.22
£
57,396
(1,547)
55,849
(2,716)
(2,716)
(4,274)
(4,274)
48,859
410,979
459,838		 31.3.21
£
81,913
(1,809)
80,104
(7,276)
(7,276)
(3,636)
(3,636)
69,192
341,787
410,979

The notes form part of these financial statements

Page 14

Headway Black Country

Notes to the Cash Flow Statement

for the Year Ended 31 March 2022

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES OPERATING ACTIVITIES
31.3.22 31.3.21
£ £
Net income for the reporting period (as per the Statement of Financial
Activities) 58,663 57,973
Adjustments for:
Depreciation charges 8,824 7,537
Interest paid 1,547 1,809
(Increase)/decrease in debtors (17,962) 12,017
Increase in creditors 6,324 2,577
Net cash provided by operations 57,396 81,913

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.21 Cash flow At 31.3.22
£ £ £
Net cash
Cash at bank and in hand 410,979 48,859 459,838
410,979 48,859 459,838
Debt
Debts falling due within 1 year (4,000) (271) (4,271)
Debts falling due after 1 year (46,115) 4,545 (41,570)
(50,115) 4,274 (45,841)
Total 360,864 53,133 413,997

The notes form part of these financial statements

Page 15

Headway Black Country

Notes to the Financial Statements for the Year Ended 31 March 2022

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 2019)', 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.

The presentation currency of the financial statements is the Pound Sterling (£) and the figures are rounded to the nearest round pound.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Voluntary income received by the way of donations and gifts to the charity is included in full in the Statement of Financial Activates when recieved.

Grants are credited to the Statement of Financial Activates on a receivable basis. Grants received in advance have been recognised as deferred income and are released to the Statement of Financial Activates when the related expenditure is incurred.

Income received through the provision of rehabilitative services is credited to the Statement of Financial Activates in the period to which it relates.

Investment income is included when receivable and the amount can be measured reliably by the charity.

Other charitable activity income and other income are included in the period to which they relate.

Intangible income is valued and included in income to the extent that it represents goods or services which would otherwise be purchased. Where it is not possible to value the goods or services, such as volunteer time, the accounts do not include thus value.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category.

Where costs cannot be directly attributed to particular headings they are allocated to activities using estimates deemed appropriate by the Trustees on a basis consistent with the use of resources. Expenditure is classified under the following activity headings:

Cost of raising funds comprises investment management costs and their associated support costs.

Expenditure on charitable activities included the costs undertaken to further the purpose of the charity and their associated support costs

Support costs comprise those costs which are incurred directly in support of expenditure on the objectives of the charity and include governance costs and back office costs. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Page 16

continued...

Headway Black Country

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

1. ACCOUNTING POLICIES - continued

Expenditure

The basis upon which support costs have been allocated are set out in note 3 of the financial statements.

Tangible fixed assets

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

Freehold property - Straight line over 50 years Computer equipment - 25% on reducing balance

Tangible fixed assets are items of equipment, furniture etc and have a useful life in excess of one year. The charity has adopted a policy of writing off, in the year of acquisition, all fixed assets costing £350 or less.

Donated assets are valued at the time of acquisition.

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.

Designated funds are the unrestricted funds of the charity which the trustees have decided at their discretion to set aside for a specific purpose.

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.

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.

Financial instruments

Debtors and creditors with no stated interest rate receivable or payable are recorded at their transaction price. Any basic financial instruments are recognised at amortised cost using the effective interest method.

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
31.3.22 31.3.21
£ £
Donations 14,424 8,201

continued...

Page 17

Headway Black Country

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

3. INCOME FROM CHARITABLE ACTIVITIES

31.3.22
Activity
£
Grants
Grants receivable
110,112
Income received through the provision of
Rehabilitative services
rehabilitative services
418,391
Investment income
Investment income
771
529,274
Grants received, included in the above, are as follows:
31.3.22
£
General grants
24,053
Lottery grants
72,951
Council grants
10,000
Covid-19 grants
3,108
110,112
CHARITABLE ACTIVITIES COSTS
Support
Direct
costs (see
Costs
note 5)
£
£
Staff and volunteer costs
307,741
71,670
Property costs
35,839
7,511
Other operating costs
47,698
14,577
391,278
93,758
SUPPORT COSTS
Information
Governance
Finance
technology
Other
costs
£
£
£
£
Staff and volunteer costs
-
-
71,670
-
Property costs
-
-
7,511
-
Other operating costs
876
3,025
7,562
3,114
876
3,025
86,743
3,114		 31.3.21
£
115,515
380,229
1,856		 31.3.21
£
115,515
380,229
1,856
497,600
31.3.21
£
5,400
88,968
15,584
5,563
115,515
Totals
£
379,411
43,350
62,275
485,036
Totals
£
71,670
7,511
14,577
93,758

4. CHARITABLE ACTIVITIES COSTS

5. SUPPORT COSTS

continued...

Page 18

Headway Black Country

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

6. NET INCOME/(EXPENDITURE)

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

31.3.22 31.3.21
£ £
Other assurance services 3,114 3,198
Depreciation - owned assets 8,824 7,537

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

8. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Average number of employees		 31.3.22
£
350,703
15,862
7,932
374,497
31.3.22
32		 31.3.21
£
300,485
10,943
22,445
333,873
31.3.21
29

No employees received emoluments in excess of £60,000.

Key Management Personnel

In the year, the total aggregate costs relating to key management personnel (which is considered to be the charity's Chief Officer) were £32,761. This cost includes gross salary, employers national insurance and pension contributions. The Chief Officer is nit a trustee of the charity.

continued...

Page 19

Headway Black Country

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
8,201
Charitable activities
Grants receivable
26,547
Income received through the provision of
rehabilitative services
380,229
Investment income
1,856
Other income
-
Total
416,833
EXPENDITURE ON
Charitable activities
Staff and volunteer costs
280,024
Property costs
31,803
Other operating costs
52,962
Total
364,789
NET INCOME
52,044
RECONCILIATION OF FUNDS
Total funds brought forward
529,471
TOTAL FUNDS CARRIED FORWARD
581,515		 Restricted
funds
£
-
88,968
-
-
2
88,970
68,156
-
14,885
83,041
5,929
15,715
21,644		 Total
funds
£
8,201
115,515
380,229
1,856
2
505,803
348,180
31,803
67,847
447,830
57,973
545,186
603,159

continued...

Page 20

Headway Black Country

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

10.
TANGIBLE FIXED ASSETS
COST
At 1 April 2021
Additions
At 31 March 2022
DEPRECIATION
At 1 April 2021
Charge for year
At 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021
11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments and accrued income
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 14)
Trade creditors
Social security and other taxes
Pension creditor
Attachment of earnings
Accruals and deferred income		 Freehold
property
£
271,430
-
271,430
54,275
5,424
59,699
211,731
217,155
 Computer
equipment
£
40,957
2,716
43,673
27,363
3,400
30,763
12,910
13,594
31.3.22
£
35,724
7,470
43,194
31.3.22
£
4,271
7,385
4,009
2,315
104
6,197
24,281		 Totals
£
312,387
2,716		 Totals
£
312,387
2,716
315,103
81,638
8,824
90,462
224,641
230,749
31.3.21
£
17,724
7,508
25,232
31.3.21
£
4,000
2,892
4,083
2,008
-
4,703
17,686
17,686

continued...

Page 21

Headway Black Country

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.22 31.3.21
£ £
Bank loans (see note 14) 41,570 46,115
14. LOANS
An analysis of the maturity of loans is given below:
31.3.22 31.3.21
£ £
Amounts falling due within one year on demand:
Bank loans 4,271 4,000
Amounts falling between one and two years:
Bank loans - 1-2 years 4,271 4,000
Amounts falling due between two and five years:
Bank loans - 2-5 years 12,813 12,000
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal 24,486 30,115
15. SECURED DEBTS
The following secured debts are included within creditors:
31.3.22 31.3.21
£ £
Bank loans 45,841 50,115

The bank loan is secured by a legal charge over the freehold land and buildings.

continued...

Page 22

Headway Black Country

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

16. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Building reserve
Restricted funds
Future Builders Grant
Santander Foundation
Lottery Funding
Lottery Funding - Server
Dudley MBC Carers Grant
Eveson Trust Grant
Kick Start Grant
Access Reach Fund
Screwfix Foundation
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Future Builders Grant
Santander Foundation
Lottery Funding
Lottery Funding - Server
Dudley MBC Carers Grant
Kick Start Grant
Access Reach Fund
Screwfix Foundation
TOTAL FUNDS		 At 1.4.21
£
391,515
190,000
581,515
94
106
14,945
1,728
216
4,555
-
-
-
21,644
603,159
Incoming
resources
£
447,694
-
-
72,952
-
-
2,933
15,120
5,000
96,005
543,699		 Net
movement
At
in funds
31.3.22
£
£
31,021
422,536
-
190,000
31,021
612,536
(24)
70
(27)
79
9,266
24,211
(432)
1,296
(190)
26
-
4,555
189
189
13,860
13,860
5,000
5,000
27,642
49,286
58,663
661,822
Resources
Movement
expended
in funds
£
£
(416,673)
31,021
(24)
(24)
(27)
(27)
(63,686)
9,266
(432)
(432)
(190)
(190)
(2,744)
189
(1,260)
13,860
-
5,000
(68,363)
27,642
(485,036)
58,663

continued...

Page 23

Headway Black Country

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

16. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Building reserve
Restricted funds
Future Builders Grant
Santander Foundation
Lottery Funding
Lottery Funding - Server
Dudley MBC Carers Grant
Eveson Trust Grant
TOTAL FUNDS		 At 1.4.20
£
449,471
80,000
529,471
126
142
8,372
2,304
216
4,555
15,715
545,186		 Net
movement
in funds
£
52,044
-
52,044
(32)
(36)
6,573
(576)
-
-
5,929
57,973		 Transfers
between
funds
£
(110,000)
110,000
-
-
-
-
-
-
-
-
-		 At
31.3.21
£
391,515
190,000
581,515
94
106
14,945
1,728
216
4,555
21,644
603,159

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

Unrestricted funds
General fund
Restricted funds
Future Builders Grant
Santander Foundation
Lottery Funding
Lottery Funding - Server
TOTAL FUNDS		 Incoming
resources
£
416,833
-
-
88,970
-
88,970
505,803		 Resources
Movement
expended
in funds
£
£
(364,789)
52,044
(32)
(32)
(36)
(36)
(82,397)
6,573
(576)
(576)
(83,041)
5,929
(447,830)
57,973		 Resources
Movement
expended
in funds
£
£
(364,789)
52,044
(32)
(32)
(36)
(36)
(82,397)
6,573
(576)
(576)
(83,041)
5,929
(447,830)
57,973
5,929
57,973

continued...

Page 24

Headway Black Country

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

16. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Building reserve
Restricted funds
Future Builders Grant
Santander Foundation
Lottery Funding
Lottery Funding - Server
Dudley MBC Carers Grant
Eveson Trust Grant
Kick Start Grant
Access Reach Fund
Screwfix Foundation
TOTAL FUNDS		 At 1.4.20
£
449,471
80,000
529,471
126
142
8,372
2,304
216
4,555
-
-
-
15,715
545,186		 Net
movement
in funds
£
83,065
-
83,065
(56)
(63)
15,839
(1,008)
(190)
-
189
13,860
5,000
33,571
116,636		 Transfers
between
funds
£
(110,000)
110,000
-
-
-
-
-
-
-
-
-
-
-
-		 At
31.3.22
£
422,536
190,000
612,536
70
79
24,211
1,296
26
4,555
189
13,860
5,000
49,286
661,822

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

Incoming
resources
£
Unrestricted funds
General fund
864,527
Restricted funds
Future Builders Grant
-
Santander Foundation
-
Lottery Funding
161,922
Lottery Funding - Server
-
Dudley MBC Carers Grant
-
Kick Start Grant
2,933
Access Reach Fund
15,120
Screwfix Foundation
5,000
184,975
TOTAL FUNDS
1,049,502		 Resources
Movement
expended
in funds
£
£
(781,462)
83,065
(56)
(56)
(63)
(63)
(146,083)
15,839
(1,008)
(1,008)
(190)
(190)
(2,744)
189
(1,260)
13,860
-
5,000
(151,404)
33,571
(932,866)
116,636		 Resources
Movement
expended
in funds
£
£
(781,462)
83,065
(56)
(56)
(63)
(63)
(146,083)
15,839
(1,008)
(1,008)
(190)
(190)
(2,744)
189
(1,260)
13,860
-
5,000
(151,404)
33,571
(932,866)
116,636
33,571
116,636

The purpose of the restricted funds are as follows:

Page 25

continued...

Headway Black Country

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

16. MOVEMENT IN FUNDS - continued

Future Builders Grant

Capital grant to cover the costs of moving premises to Martin Street Hill, Dudley and refurbishment costs.

Santander Foundation

A grant towards the provision of IT services for clients.

Lottery Funding

A grant to deliver sufficient extension to the services already provided for brain injury survivors. This will include new rehabilitation sessions for survivors in Walsall, extending the sessions already provided in Dudley, a new family outreach service to help families and careers and an advice partnership with Dudley CAB. In particular, it will provide a service dedicated to supporting carers of brain injury survivors whose needs for specialist support and information often go unmet and unrecognised.

Lottery Funding - Server

Some of the lottery funding was used to acquire a server at a cost of £5,700. This has been treated as a fixed asset and depreciation is charged against the fund.

Dudley MBC Carers Grant

Grant funding to support Carer Support Groups for family members of survivors in Dudley.

Eveson Trust

To support development of Survivor Peer Support, Tea and chat and Carer Support Groups.

Kick Start Grant

Funding given to help the charity employ a Social Media Assistant for a period of six months. She was employed from December 2021 to June 2022.

Access Reach Fund

Provided consultancy funding to help strengthen not only the charity's application for funding for the Annex Project but also to strengthen some of our Business/Strategic Planning etc.

Screwfix Foundation

The screwfix grant was given to the charity for us to investigate and repair the subsidence at the front of the building and to treat the damp in the stationery cupboard. The work has been completed in this financial year.

17. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022.

Page 26

continued...

Headway Black Country

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

18. ULTIMATE CONTROLLING PARTY

The charity is under the control of the trustees.

Page 27

Headway Black Country

Detailed Statement of Financial Activities for the Year Ended 31 March 2022

Detailed Statement of Financial Activities
for the Year Ended 31 March 2022
31.3.22 31.3.21
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 14,424 8,201
Charitable activities
Grants 110,112 115,515
Rehabilitative services 418,391 380,229
Investment income 771 1,856
529,274 497,600
Other income
Other sundry income 1 2
Total incoming resources 543,699 505,803
EXPENDITURE
Charitable activities
Wages 284,771 243,994
Social security 12,880 8,886
Pensions 6,441 18,225
Heat, light and rates 3,590 2,821
Telephone 4,192 4,756
Printing, postage & stationery 3,031 2,934
Sundry expenses 2,516 702
Travel expenses 1,301 600
Publicity costs 730 -
Rent and insurance 17,517 16,336
Professional fees 12,313 15,692
Training and books 2,348 2,248
Repairs and renewals 6,928 2,259
Computer costs 12,284 10,658
Equipment hire 3,813 3,237
Membership fees 1,105 68
Cleaning 2,980 3,349
Bad debts 4,117 8,655
Freehold property 7,165 6,120
Mortgage and loan interest 1,256 1,469
391,278 353,009

Support costs

This page does not form part of the statutory financial statements

Page 28

Headway Black Country

Detailed Statement of Financial Activities
for the Year Ended 31 March 2022
31.3.22 31.3.21
£ £
Support costs
Finance
Bank charges 585 1,097
Mortgage and loan interest 291 340
876 1,437
Information technology
Telephone 181 205
Computer costs 2,844 2,468
3,025 2,673
Other
Wages 65,932 56,491
Social security 2,982 2,057
Pensions 1,491 4,220
Heat, light and rates 831 653
Rent and insurance 4,056 3,782
Telephone 790 896
Printing, postage & stationery 702 679
Sundry expenses 582 163
Training and books 544 520
Travel expenses 301 139
Publicity costs 169 -
Repairs and renewals 1,604 523
Professional fees 2,851 3,633
Membership fees 256 16
Equipment hire 883 749
Recruitment costs 420 10,800
Cleaning 690 775
Depreciation of tangible fixed assets 1,659 1,417
86,743 87,513
Governance costs
Auditors' remuneration for non audit work 3,114 3,198
Total resources expended 485,036 447,830
Net income 58,663 57,973

This page does not form part of the statutory financial statements

Page 29