Digitally Signed Document Document ID: D3BC5D85E82C50
## Document Details:
|**Filename:**|Headway Black Country - YE 31-03-2023
Accounts.pdf|
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|**Client of:**|Lewis Smith & Co.|
## Signature Details
|**Name:**|Jayne Emery|
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|**Email:**|jayne@headwayblackcountry.co.uk|
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|**Date & Time:**|15/12/2023 12:56:54 PM (GMT)|
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|**IP Address:**|81.168.114.47|
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|**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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The approved PDF file has been digitally certified. Please check the Digital Certificate information in your PDF viewer to verify the Digital Certificate authenticity and the PDF has not been tampered with.
|**On behalf of:**|Lewis Smith & Co.|
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|**PDF digital certificate:**|IRIS Software Group Limited|
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Please keep a copy of this document for your records.
**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:
- Increase awareness and understanding of acquired brain injury and its consequences.
- Provide relevant and timely support services for people with acquired brain injury, their relatives and carers.
- Promote improved, co-ordinated and multi-disciplinary approaches to brain injury screening, acute care, assessment, rehabilitation and community re-integration.
- Assist people with acquired brain injury return to independent living, including access to productive activities, social outlets and appropriate accommodation.
- Participate in promotions aimed at reducing the incidence of acquired brain injury.
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:
- Values the individual and believes in the equal right of all to realise their potential.
- Believes in countering the disadvantage and social exclusion experienced by people with acquired brain injury and their carers.
- Values and respects diversity of ability and disability, race, culture, gender, religion and sexual orientation.
- Believes that people with acquired brain injury, their relatives, carers and relevant professional people should work together in pursuit of shared goals.
## **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 seeks to address the needs of its client group by:
- Ensuring accurate information is made available to brain injury survivors, their families and interested professional. Provision takes various forms including telephone enquiries, a website, presence at events, training sessions and a comprehensive range of brain injury publications. These include those published by Headway UK and those of other specialist agencies such as the Stroke Association and British Epilepsy Association.
- Providing guidance about entitlements and practical support to access support services. Being a voice for those who find interaction with statutory and other services difficult and/or daunting.
- Access to our counselling service for those in need of emotional support.
- Presence at several hospitals serving our area to provide early support to survivors and to their families/carers
- Regular Carer Support Groups to foster mutual support, provide respite and social activities.
- Organising and running a Life Skills Service over five days per week at our Centres at Dudley and Willenhall. With the help of volunteers and paid staff, we provide person centred life skills activities in small groups for people with a brain injury. At the end of March 2022, we were providing 29 Life Skills Activity Sessions (257 individual session spaces) each week.
- Supporting a Social Support Group for clients and a Heads-Up group to offer social opportunities for survivors and families.
- Providing a Young Adults Service for brain injury survivors aged 18 to 30.
- Working in partnership with other organisations, charities and statutory bodies to raise awareness of brain injury and to support our beneficiary group more effectively.
- Campaigning on behalf of brain injury survivors and carers; representing their needs at relevant local forums such as the Black Country Neurological Alliance and, through affiliation to Headway UK and the United Kingdom Acquired Brain Injury Forum, contributing to national debates on brain injury related issues.
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
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
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