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2023-03-31-accounts

Digitally Signed Document Document ID: D3BC5D85E82C50

Document Details:

Filename: Headway Black Country - YE 31-03-2023
Accounts.pdf
Client of: Lewis Smith & Co.

Signature Details

Name: Jayne Emery
Email: jayne@headwayblackcountry.co.uk
Date & Time: 15/12/2023 12:56:54 PM (GMT)
IP Address: 81.168.114.47
Signing Statement: The directors and trustees approve the financial
statements and gives Lewis Smith & Co
authority to file with Companies House as
necessary.

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On behalf of: Lewis Smith & Co.
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REGISTERED COMPANY NUMBER: 04001321 (England and Wales) REGISTERED CHARITY NUMBER: 1089171

Report of the Trustees and

Financial Statements for the Year Ended 31 March 2023

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 2023

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10 to 11
Cash Flow Statement 12
Notes to the Cash Flow Statement 13
Notes to the Financial Statements 14 to 26
Detailed Statement of Financial Activities 27 to 28

Headway Black Country

Reference and Administrative Details

for the Year Ended 31 March 2023

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 1089171 NUMBER 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 2023

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 2023. 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

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, Four Brindleyplace, Birmingham B1 2JB

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.

Page 2

Headway Black Country

Report of the Trustees

for the Year Ended 31 March 2023

OBJECTIVES AND ACTIVITIES (continued)

Structure, Governance and Management (continued)

Trustees in office during 2022/23 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, Specialist Occupational Therapist, Finance & Admin Manager, Life Skills Co-ordinator and Outreach Team Leader form the Management Team.

Frontline delivery is carried out by our staff team and our volunteers. At the end of March 2023, we employed 24 staff (2 full time, 22 part time), 2 sessional Counsellors and 3 Bank Support Workers. During the financial year 2022/23 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.

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:

Page 3

Headway Black Country

Report of the Trustees

for the Year Ended 31 March 2023

OBJECTIVES AND ACTIVITIES (continued)

Guiding principles underpinning the delivery of our services

Headway Black Country:

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.

Page 4

Headway Black Country

Report of the Trustees

for the Year Ended 31 March 2023

OBJECTIVES AND ACTIVITIES (continued)

Activities for Public Benefit

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

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.

Page 5

Headway Black Country

for the Year Ended 31 March 2023

Report of the Trustees

OBJECTIVES AND ACTIVITIES (continued)

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.

ACHIEVEMENT AND PERFORMANCE

Achievement and Performance 2022/23

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 2022 - 93 clients attending at least one session each week. 31st March 2023 - 88 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. Referrals for April 2022 - March 2023 - 328 clients, families and carers.

Counselling Service

During the year; 122 one to one counselling sessions provided.

Page 6

Headway Black Country

Report of the Trustees

for the Year Ended 31 March 2023

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 2023 the Charity received donations, service income, grants and interest amounting to £508,066 (2022 - £543,699). Its spent £537,713 (2022 - £485,036) in pursuit of the Charity's objects. At 31st March 2023 £632,175 (2022 - £661,822) was held as Restricted and Unrestricted Funds. The detailed accounts are set out on the pages 9 to 26 of these financial statements.

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.

In the previous financial year, an Accommodation Strategy was adopted and a Designated Building Fund developed. However, building costs had more than doubled post Covid and despite a comprehensive report from Baxendale proving the financial viability of the organisation, a decision was made not to commit to this increased expense. Following consultation with clients and staff, it is proposed to develop an accessible garden project instead.

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. Revenue from sale of services is rising as we grow existing Life Skills sessions, invest in marketing and outreach activities, improve the quality of the service and so attract new clients.

Following engagement with clients, staff, trustees and stakeholders in early 2023 our new Business Plan will be launched in April 2023.

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.

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:

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

Page 7

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 2023.

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 Association of Chartered Certified Accountants, 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

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

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

Page 8

Headway Black Country

Statement of Financial Activities for the Year Ended 31 March 2023

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
11,839
Charitable activities
3
Grants receivable
-
Income received through the provision of
rehabilitative services
455,239
Investment income
3,571
Total
470,649
EXPENDITURE ON
Charitable activities
4
Staff and volunteer costs
378,237
Property costs
42,918
Other operating costs
58,739
Total
479,894
NET INCOME/(EXPENDITURE)
(9,245)
RECONCILIATION OF FUNDS
Total funds brought forward
612,536
TOTAL FUNDS CARRIED FORWARD
603,291		 Restricted
funds
£
-
37,417
-
-
37,417
22,919
3,608
31,292
57,819
(20,402)
49,286
28,884		 31.3.23
Total
funds
£
11,839
37,417
455,239
3,571
508,066
401,156
46,526
90,031
537,713
(29,647)
661,822
632,175		 31.3.22
Total
funds
£
14,425
110,112
418,391
771
543,699
379,411
43,350
62,275
485,036
58,663
603,159
661,822

The notes form part of these financial statements

Page 9

Headway Black Country

Balance Sheet

31 March 2023

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
10
215,750
CURRENT ASSETS
Debtors
11
42,755
Cash at bank and in hand
408,944
451,699
CREDITORS
Amounts falling due within one year
12
(25,754)
NET CURRENT ASSETS
425,945
TOTAL ASSETS LESS CURRENT
LIABILITIES
641,695
CREDITORS
Amounts falling due after more than one year
13
(38,404)
NET ASSETS
603,291
FUNDS
16
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
972
-
27,912
27,912
-
27,912
28,884
-
28,884		 31.3.23
Total
funds
£
216,722
42,755
436,856
479,611
(25,754)
453,857
670,579
(38,404)
632,175
603,291
28,884
632,175		 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

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 10

Headway Black Country

Balance Sheet - continued

31 March 2023

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 11

Headway Black Country

Cash Flow Statement

for the Year Ended 31 March 2023
Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash (used in)/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		 31.3.23
£
(16,443)
(2,073)
(18,516)
(850)
(850)
(3,616)
(3,616)
(22,982)
459,838
436,856		 31.3.22
£
57,396
(1,547)
55,849
(2,716)
(2,716)
(4,274)
(4,274)
48,859
410,979
459,838

The notes form part of these financial statements

Page 12

Headway Black Country

Notes to the Cash Flow Statement

for the Year Ended 31 March 2023

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net (expenditure)/income for the reporting period (as per the Statement
of Financial Activities)
Adjustments for:
Depreciation charges
Interest paid
Decrease/(increase) in debtors
Increase in creditors
Net cash (used in)/provided by operations		 31.3.23
£
(29,647)
8,769
2,073
439
1,923
(16,443)		 31.3.22
£
58,663
8,824
1,547
(17,962)
6,324
57,396

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.22 Cash flow At 31.3.23
£ £ £
Net cash
Cash at bank and in hand 459,838 (22,982) 436,856
459,838 (22,982) 436,856
Debt
Debts falling due within 1 year (4,271) 450 (3,821)
Debts falling due after 1 year (41,570) 3,166 (38,404)
(45,841) 3,616 (42,225)
Total 413,997 (19,366) 394,631

The notes form part of these financial statements

Page 13

Headway Black Country

Notes to the Financial Statements

for the Year Ended 31 March 2023

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.

continued...

Page 14

Headway Black Country

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

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
31.3.23 31.3.22
£ £
Donations 11,839 14,425

continued...

Page 15

Headway Black Country

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

3. INCOME FROM CHARITABLE ACTIVITIES

31.3.23
Activity
£
Grants
Grants receivable
37,417
Rehabilitative services
Income received through the provision of
rehabilitative services
455,239
Investment income
Investment income
3,571
496,227
Grants received, included in the above, are as follows:
31.3.23
£
General grants
37,417
Lottery grants
-
Council grants
-
Covid-19 grants
-
37,417
CHARITABLE ACTIVITIES COSTS
Support
Direct
costs (see
Costs
note 5)
£
£
Staff and volunteer costs
325,753
75,403
Property costs
37,778
8,748
Other operating costs
69,236
20,795
432,767
104,946
SUPPORT COSTS
Information
Governance
Finance
technology
Other
costs
£
£
£
£
Staff and volunteer costs
-
-
75,403
-
Property costs
-
-
8,748
-
Other operating costs
1,017
3,384
12,075
4,319
1,017
3,384
96,226
4,319		 31.3.22
£
110,112
418,391
771
529,274
31.3.22
£
24,053
72,951
10,000
3,108
110,112
Totals
£
401,156
46,526
90,031
537,713
Totals
£
75,403
8,748
20,795
104,946

Grants received, included in the above, are as follows:

4. CHARITABLE ACTIVITIES COSTS

5. SUPPORT COSTS

continued...

Page 16

Headway Black Country

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

6. NET INCOME/(EXPENDITURE)

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

31.3.23 31.3.22
£ £
Other assurance services 4,319 3,114
Depreciation - owned assets 8,769 8,824

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.

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		 31.3.23
£
366,713
18,761
8,314
393,788
31.3.23
30		 31.3.22
£
350,703
15,862
7,932
374,497
31.3.22
32

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 £47,369 (2022 - £32,761). This cost includes gross salary, employers national insurance and pension contributions. The Chief Officer is not a trustee of the charity Following a period without a Chief Officer in 2021/22, Jayne Emery has been in post throughout 2022/23.

continued...

Page 17

Headway Black Country

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
14,424
Charitable activities
Grants receivable
14,108
Income received through the provision of
rehabilitative services
418,391
Investment income
771
Total
447,694
EXPENDITURE ON
Charitable activities
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
£
1
96,004
-
-
96,005
57,814
120
10,429
68,363
27,642
21,644
49,286		 Total
funds
£
14,425
110,112
418,391
771
543,699
379,411
43,350
62,275
485,036
58,663
603,159
661,822

continued...

Page 18

Headway Black Country

Notes to the Financial Statements-continued
for the Year Ended 31 March 2023
10.
TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1 April 2022
271,430
Additions
-
At 31 March 2023
271,430
DEPRECIATION
At 1 April 2022
59,699
Charge for year
5,429
At 31 March 2023
65,128
NET BOOK VALUE
At 31 March 2023
206,302
At 31 March 2022
211,731
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		 Computer
equipment
£
43,673
850
44,523
30,763
3,340
34,103
10,420
12,910
31.3.23
£
38,126
4,629
42,755
31.3.23
£
3,821
2,838
5,038
2,655
-
11,402
25,754		 Totals
£
315,103
850
315,953
90,462
8,769
99,231
216,722
224,641
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

continued...

Page 19

Headway Black Country

Notes to the Financial Statements-continued Notes to the Financial Statements-continued
for the Year Ended 31 March 2023
13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£ £
Bank loans (see note 14) 38,404 41,570
14. LOANS
An analysis of the maturity of loans is given below:
31.3.23 31.3.22
£ £
Amounts falling due within one year on demand:
Bank loans 3,821 4,271
Amounts falling between one and two years:
Bank loans - 1-2 years 3,821 4,271
Amounts falling due between two and five years:
Bank loans - 2-5 years 11,463 12,813
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal 23,120 24,486
15. SECURED DEBTS
The following secured debts are included within creditors:
31.3.23 31.3.22
£ £
Bank loans 42,225 45,841

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

continued...

Page 20

Headway Black Country

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

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
National Heritage
Black Country Consortium
TOTAL FUNDS		 At 1.4.22
£
422,536
190,000
612,536
70
79
24,211
1,296
26
4,555
189
13,860
5,000
-
-
49,286
661,822		 Net
movement
in funds
£
(9,245)
-
(9,245)
(70)
(79)
(8,819)
(324)
(26)
-
(189)
(13,860)
(2,582)
1,124
4,423
(20,402)
(29,647)		 At
31.3.23
£
413,291
190,000
603,291
-
-
15,392
972
-
4,555
-
-
2,418
1,124
4,423
28,884
632,175

continued...

Page 21

Headway Black Country

Notes to the Financial Statements - continued

for the Year Ended 31 March 2023

16. MOVEMENT IN FUNDS - continued

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
Heart of England
National Heritage
QE Project
Communities in Sync
Black Country Consortium
TOTAL FUNDS		 Incoming
resources
£
470,649
-
-
-
-
-
2,925
-
-
8,835
7,000
11,667
2,000
4,990
37,417
508,066		 Resources
Movement
expended
in funds
£
£
(479,894)
(9,245)
(70)
(70)
(79)
(79)
(8,819)
(8,819)
(324)
(324)
(26)
(26)
(3,114)
(189)
(13,860)
(13,860)
(2,582)
(2,582)
(8,835)
-
(5,876)
1,124
(11,667)
-
(2,000)
-
(567)
4,423
(57,819)
(20,402)
(537,713)
(29,647)

continued...

Page 22

Headway Black Country

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

16. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.4.21
£
Unrestricted funds
General fund
391,515
Building reserve
190,000
581,515
Restricted funds
Future Builders Grant
94
Santander Foundation
106
Lottery Funding
14,945
Lottery Funding - Server
1,728
Dudley MBC Carers Grant
216
Eveson Trust Grant
4,555
Kick Start Grant
-
Access Reach Fund
-
Screwfix Foundation
-
21,644
TOTAL FUNDS
603,159
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
447,694
Restricted funds
Future Builders Grant
-
Santander Foundation
-
Lottery Funding
72,952
Lottery Funding - Server
-
Dudley MBC Carers Grant
-
Kick Start Grant
2,933
Access Reach Fund
15,120
Screwfix Foundation
5,000
96,005
TOTAL FUNDS
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 2023

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
Screwfix Foundation
National Heritage
Black Country Consortium
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		 Net
movement
in funds
£
21,776
-
21,776
(94)
(106)
447
(756)
(216)
-
2,418
1,124
4,423
7,240
29,016		 At
31.3.23
£
413,291
190,000
603,291
-
-
15,392
972
-
4,555
2,418
1,124
4,423
28,884
632,175

continued...

Page 24

Headway Black Country

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

16. MOVEMENT IN FUNDS - continued

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
Future Builders Grant
Santander Foundation
Lottery Funding
Lottery Funding - Server
Dudley MBC Carers Grant
Kick Start Grant
Access Reach Fund
Screwfix Foundation
Heart of England
National Heritage
QE Project
Communities in Sync
Black Country Consortium
TOTAL FUNDS
 Incoming
resources
£
918,343
-
-
72,952
-
-
5,858
15,120
5,000
8,835
7,000
11,667
2,000
4,990
133,422
1,051,765
(		 Resources
Movement
expended
in funds
£
£
(896,567)
21,776
(94)
(94)
(106)
(106)
(72,505)
447
(756)
(756)
(216)
(216)
(5,858)
-
(15,120)
-
(2,582)
2,418
(8,835)
-
(5,876)
1,124
(11,667)
-
(2,000)
-
(567)
4,423
(126,182)
7,240
1,022,749)
29,016

The purpose of the restricted funds are as follows:

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.

continued...

Page 25

Headway Black Country

Notes to the Financial Statements - continued

for the Year Ended 31 March 2023

16. MOVEMENT IN FUNDS - continued

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.

National Heritage Fund

A celebration of Headway's 25th year anniversary and providing visits to the Black Country Museum.

QE Project

For our Outreach Team to support brain Injury patients at the Queen Elizabeth Hospital.

Communities In Sync

This service is designed to assist Sandwell residents, with an acquired brain injury, who are currently on a waiting list for 'Wellbeing Support' which is provided by the Black Country Healthcare NHS Foundation Trust.

Black Country Consortium

This fund is to provide seated exercise class and weekly walks to clients.

17. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023.

18. ULTIMATE CONTROLLING PARTY

The charity is under the control of the trustees.

Page 26

Headway Black Country

Detailed Statement of Financial Activities
for the Year Ended 31 March 2023
31.3.23 31.3.22
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 11,839 14,425
Charitable activities
Grants 37,417 110,112
Rehabilitative services 455,239 418,391
Investment income 3,571 771
496,227 529,274
Total incoming resources 508,066 543,699
EXPENDITURE
Charitable activities
Wages 297,771 284,771
Social security 15,234 12,880
Pensions 6,771 6,441
Heat, light and rates 5,648 3,590
Telephone 4,331 4,192
Printing, postage & stationery 3,972 3,031
Sundry expenses 4,809 2,516
Travel expenses 2,005 1,301
Publicity costs 4,874 730
Rent and insurance 14,018 17,517
Professional fees 22,834 12,313
Training and books 4,004 2,348
Repairs and renewals 13,704 6,928
Computer costs 12,860 12,284
Equipment hire 3,621 3,813
Membership fees 3,144 1,105
Cleaning 2,770 2,980
Bad debts 1,594 4,117
Depreciation 7,120 7,165
Mortgage and loan interest 1,683 1,256
432,767 391,278
Support costs
Finance
Bank charges 627 585
Carried forward 627 585

This page does not form part of the statutory financial statements

Page 27

Headway Black Country

Detailed Statement of Financial Activities
for the Year Ended 31 March 2023
31.3.23 31.3.22
£ £
Finance
Brought forward 627 585
Mortgage and loan interest 390 291
1,017 876
Information technology
Telephone 187 181
Computer costs 3,197 2,844
3,384 3,025
Other
Wages 68,942 65,932
Social security 3,527 2,982
Pensions 1,543 1,491
Heat, light and rates 1,308 831
Rent and insurance 3,246 4,056
Telephone 816 790
Printing, postage & stationery 920 702
Sundry expenses 1,113 582
Training and books 927 544
Travel expenses 464 301
Publicity costs 1,128 169
Repairs and renewals 3,173 1,604
Professional fees 5,348 2,851
Membership fees 643 256
Equipment hire 838 883
Recruitment costs - 420
Cleaning 641 690
Depreciation 1,649 1,659
96,226 86,743
Governance costs
Auditors' remuneration for non audit work 4,319 3,114
Total resources expended 537,713 485,036
Net (expenditure)/income (29,647) 58,663

This page does not form part of the statutory financial statements

Page 28