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2024-03-31-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 2024

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 2024

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 23
Detailed Statement of Financial Activities 24 to 25

Headway Black Country

Reference and Administrative Details for the Year Ended 31 March 2024

TRUSTEES Ms Claire Victoria Burnell Ms Susan Mary Hatton Ms Deborah Ann Pejica Ms Alison Jane Ratcliffe Ms Jane Camellia Sarker (resigned 15.1.24) Ms Kavita Nagra Mr James Robert Brent (appointed 15.7.24) Mr Stephen Paul Austin (appointed 28.10.24) REGISTERED OFFICE Headway Black Country Martin 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 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Page 2

Headway Black Country

for the Year Ended 31 March 2024

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, 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 quarterly 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 2023/24 were: Ms Debbie Pejica (Chair) Ms Claire Burnell Ms Sue Hatton (Ambassador) Ms Alison Ratcliffe Ms Kavita Nagra

The following trustee resigned during the year: Ms Jane Sarker

The following trustees were appointed after the year end: Mr James Brent Mr Stephen Austin

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, Operations Manager, Finance and Admin Manager, Referral and Outreach Manager and Life Skills Co-ordinator form the Management Team.

Frontline delivery is carried out by our staff team and our volunteers. At the end of March 2024, we employed 23 staff (2 full time, 21 part time), 2 sessional Counsellors and 2 Bank Support Workers. During the financial year 2023/24 we were supported by 10 volunteers in total.

Page 3

Headway Black Country

Report of the Trustees

for the Year Ended 31 March 2024

All volunteers undergo relevant training and are vital to the services we provide. 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:

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 2024

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 accident and emergency 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:

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.

Up to March 2024, our Chief Officer has worked tirelessly with the team and partners on dealing with many staff changes following leavers and change in roles, as well as improvement and implementation of policies and procedures to ensure the safe and effective running of Headway Black Country. This has enabled us to have a solid team, with clear roles and responsibilities and clear direction on the objectives and the actions needed to sustain and grow.

Page 5

Headway Black Country

for the Year Ended 31 March 2024

Report of the Trustees

OBJECTIVES AND ACTIVITIES

Risk

The key risk continues to be funding to ensure stability and growth of our charity. With the changing economic conditions over the last 3 years, we will be reviewing and updating our Risk Register and ensuring the key risks with mitigating actions are reviewed in our quarterly Trustee meetings

We are working with the four local authorities within the Black Country and the Black Country Integrated Care Board 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 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 2023/24

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 2023 - 82 clients attending at least one session each week. 31st March 2024 - 85 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 2023 - March 2024 - 330 clients, families and carers.

Counselling Service

During the year; 27 new counselling referrals were received.

FINANCIAL REVIEW

Financial position

The Charity receives income from the provision of care services. It also seeks financial support for specific activities / services from a variety of sources including charitable trusts, local authorities and health trusts. Fundraising and charitable giving by individuals, organisations and groups also make important contributions to our services and activities.

During the year to 31st March 2024 the charity received donations, service income, grants and interest amounting to £666,776 (2023 £508,066). It has spent £516,112 (2023 - £537,713) in pursuit of the Charity's objects. At 31st March 2024 £782,839 (2023 - £632,175) was held as Restricted and Unrestricted Funds. The detailed accounts are set out on the pages 9 to 25 of these financial statements.

Page 6

Headway Black Country

Report of the Trustees for the Year Ended 31 March 2024

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.

In previous financial years, 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. Therefore the Designated Building Fund has been released back into general funds this year.

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

At the close of March 2024, we are proposing (to be agreed in the April 2024 Trustee Board meeting) that our 3 strategic priorities will be:

The above will be achieved through donations and grants where possible. We recognise that there are many more people with ABI who would greatly benefit from our services so at the close of March 2025 our focus will turn to collaboration with partners to sustain and grow our service

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.

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 28 November 2024 and signed on its behalf by:

Ms Deborah Ann Pejica - 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 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the 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 FCCA

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

28 November 2024

Page 8

Headway Black Country

Statement of Financial Activities for the Year Ended 31 March 2024

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
31,462
Charitable activities
3
Grants receivable
-
Income received through the provision of
rehabilitative services
453,430
Investment income
9,765
Total
494,657
EXPENDITURE ON
Charitable activities
4
Staff and volunteer costs
393,973
Property costs
32,483
Other operating costs
51,433
Total
477,889
NET INCOME/(EXPENDITURE)
16,768
RECONCILIATION OF FUNDS
Total funds brought forward
603,291
TOTAL FUNDS CARRIED FORWARD
620,059		 Restricted
funds
£
147,957
24,162
-
-
172,119
33,863
-
4,360
38,223
133,896
28,884
162,780		 31.3.24
Total
funds
£
179,419
24,162
453,430
9,765
666,776
427,836
32,483
55,793
516,112
150,664
632,175
782,839		 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

The notes form part of these financial statements

Page 9

Headway Black Country

Balance Sheet

31 March 2024

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
10
210,315
CURRENT ASSETS
Debtors
11
54,394
Cash at bank and in hand
372,067
426,461
CREDITORS
Amounts falling due within one year
12
(16,717)
NET CURRENT ASSETS
409,744
TOTAL ASSETS LESS CURRENT
LIABILITIES
620,059
CREDITORS
Amounts falling due after more than one year
13
-
NET ASSETS
620,059
FUNDS
16
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
729
-
162,051
162,051
-
162,051
162,780
-
162,780		 31.3.24
Total
funds
£
211,044
54,394
534,118
588,512
(16,717)
571,795
782,839
-
782,839
620,059
162,780
782,839		 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

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 10

Headway Black Country

Balance Sheet - continued

31 March 2024

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

The financial statements were approved by the Board of Trustees and authorised for issue on 28 November 2024 and were signed on its behalf by:

Ms Deborah Ann Pejica - Trustee

The notes form part of these financial statements

Page 11

Headway Black Country

Cash Flow Statement for the Year Ended 31 March 2024

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash provided by/(used in) 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		 31.3.24
£
143,804
(1,667)
142,137
(2,650)
(2,650)
(42,225)
(42,225)
97,262
436,856
534,118		 31.3.23
£
(16,443)
(2,073)
(18,516)
(850)
(850)
(3,616)
(3,616)
(22,982)
459,838
436,856

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 2024

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

OPERATING ACTIVITIES
31.3.24 31.3.23
£ £
Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities) 150,664 (29,647)
Adjustments for:
Depreciation charges 8,328 8,769
Interest paid 1,667 2,073
(Increase)/decrease in debtors (11,639) 439
(Decrease)/increase in creditors (5,216) 1,923
Net cash provided by/(used in) operations 143,804 (16,443)
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.23 Cash flow At 31.3.24
£ £ £
Net cash
Cash at bank and in hand 436,856 97,262 534,118
436,856 97,262 534,118
Debt
Debts falling due within 1 year (3,821) 3,821 -
Debts falling due after 1 year (38,404) 38,404 -
(42,225) 42,225 -
Total 394,631 139,487 534,118

2. ANALYSIS OF CHANGES IN NET FUNDS

The notes form part of these financial statements

Page 13

Headway Black Country

Notes to the Financial Statements for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 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.

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

continued...

Page 14

Headway Black Country

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES - continued

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
Legacies		 31.3.24
£
31,553
147,866
179,419		 31.3.23
£
11,839
-
11,839

Page 15

continued...

Headway Black Country

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

3. INCOME FROM CHARITABLE ACTIVITIES

31.3.24
Activity
£
Grants
Grants receivable
24,162
Income received through the provision of
Rehabilitative services
rehabilitative services
453,430
Investment income
Investment income
9,765
487,357
Grants received, included in the above, are as follows:
31.3.24
£
General grants
24,162
4.
CHARITABLE ACTIVITIES COSTS
Support
Direct
costs (see
Costs
note 5)
£
£
Staff and volunteer costs
347,355
80,481
Property costs
26,343
6,140
Other operating costs
41,560
14,233
415,258
100,854
5.
SUPPORT COSTS
Information
Governance
Finance
technology
Other
costs
£
£
£
£
Staff and volunteer costs
-
-
80,481
-
Property costs
-
-
6,140
-
Other operating costs
918
3,115
6,025
4,175
918
3,115
92,646
4,175		 31.3.23
£
37,417
455,239
3,571
496,227
31.3.23
£
37,417
Totals
£
427,836
32,483
55,793
516,112
Totals
£
80,481
6,140
14,233
100,854

6. NET INCOME/(EXPENDITURE)

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

31.3.24 31.3.23
£ £
Other assurance services 4,175 4,319
Depreciation - owned assets 8,328 8,769

Page 16

continued...

Headway Black Country

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

7. TRUSTEES' REMUNERATION AND BENEFITS

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

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.

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		 31.3.24
£
384,587
21,853
7,212
413,652
31.3.24
26		 31.3.23
£
366,713
18,761
8,314
393,788
31.3.23
30

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, Jayne Emery) were £53,187 (2023 - £47,369). This cost includes gross salary, employers national insurance and pension contributions. The Chief Officer is not a trustee of the charity, Jayne has been in post throughout both of the past two financial years.

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
11,839
Charitable activities
Grants receivable
-
Income received through the provision of
rehabilitative services
455,239
Investment income
3,571
Total
470,649
EXPENDITURE ON
Charitable activities
Staff and volunteer costs
378,237
Property costs
42,918
Other operating costs
58,739
Total
479,894		 Restricted
funds
£
-
37,417
-
-
37,417
22,919
3,608
31,292
57,819		 Total
funds
£
11,839
37,417
455,239
3,571
508,066
401,156
46,526
90,031
537,713

continued...

Page 17

Headway Black Country

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
funds
funds
£
£
NET INCOME/(EXPENDITURE)
(9,245)
(20,402)
RECONCILIATION OF FUNDS
Total funds brought forward
612,536
49,286
TOTAL FUNDS CARRIED FORWARD
603,291
28,884
10.
TANGIBLE FIXED ASSETS
Freehold
Computer
property
equipment
£
£
COST
At 1 April 2023
271,430
44,523
Additions
-
2,650
At 31 March 2024
271,430
47,173
DEPRECIATION
At 1 April 2023
65,128
34,103
Charge for year
5,429
2,899
At 31 March 2024
70,557
37,002
NET BOOK VALUE
At 31 March 2024
200,873
10,171
At 31 March 2023
206,302
10,420
11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
£
Trade debtors
46,818
Prepayments and accrued income
7,576
54,394		 Total
funds
£
(29,647)
661,822
632,175
Totals
£
315,953
2,650
318,603
99,231
8,328
107,559
211,044
216,722
31.3.23
£
38,126
4,629
42,755

continued...

Page 18

Headway Black Country

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Bank loans and overdrafts (see note 14) - 3,821
Trade creditors 1,257 2,838
Social security and other taxes 6,187 5,038
Pension creditor 1,428 2,655
Attachment of earnings 279 -
Accruals and deferred income 7,566 11,402
16,717 25,754
13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£ £
Bank loans (see note 14) - 38,404
14. LOANS
An analysis of the maturity of loans is given below:
31.3.24 31.3.23
£ £
Amounts falling due within one year on demand:
Bank loans - 3,821
Amounts falling between one and two years:
Bank loans - 1-2 years - 3,821
Amounts falling due between two and five years:
Bank loans - 2-5 years - 11,463
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal - 23,120
15. SECURED DEBTS

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

continued...

Page 19

Headway Black Country

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

16. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Building reserve
Restricted funds
Lottery Funding
Lottery Funding - Server
Eveson Trust Grant
Screwfix Foundation
National Heritage
Black Country Consortium
Beacon Centre
Additional Counselling Support
New Development Project
TOTAL FUNDS
Net movement in funds, included in the above are as
Unrestricted funds
General fund
Restricted funds
Lottery Funding
Lottery Funding - Server
Eveson Trust Grant
National Heritage
QE Project
Black Country Consortium
Beacon Centre
Additional Counselling Support
New Development Project
TOTAL FUNDS		 At 1.4.23
£
413,291
190,000
603,291
15,392
972
4,555
2,418
1,124
4,423
-
-
-
28,884
632,175
follows:		 Net
movement
in funds
£
16,768
-
16,768
(15,392)
(243)
(249)
-
(1,124)
(4,423)
3,346
4,115
147,866
133,896
150,664
Incoming
resources
£
494,657
-
-
-
91
12,833
-
3,346
7,983
147,866
172,119
666,776		 Transfers
between
At
funds
31.3.24
£
£
190,000
620,059
(190,000)
-
-
620,059
-
-
-
729
-
4,306
-
2,418
-
-
-
-
-
3,346
-
4,115
-
147,866
-
162,780
-
782,839
Resources
Movement
expended
in funds
£
£
(477,889)
16,768
(15,392)
(15,392)
(243)
(243)
(249)
(249)
(1,215)
(1,124)
(12,833)
-
(4,423)
(4,423)
-
3,346
(3,868)
4,115
-
147,866
(38,223)
133,896
(516,112)
150,664

continued...

Page 20

Headway Black Country

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

16. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.4.22
£
Unrestricted funds
General fund
422,536
Building reserve
190,000
612,536
Restricted funds
Future Builders Grant
70
Santander Foundation
79
Lottery Funding
24,211
Lottery Funding - Server
1,296
Dudley MBC Carers Grant
26
Eveson Trust Grant
4,555
Kick Start Grant
189
Access Reach Fund
13,860
Screwfix Foundation
5,000
National Heritage
-
Black Country Consortium
-
49,286
TOTAL FUNDS
661,822
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
470,649
Restricted funds
Future Builders Grant
-
Santander Foundation
-
Lottery Funding
-
Lottery Funding - Server
-
Dudley MBC Carers Grant
-
Kick Start Grant
2,925
Access Reach Fund
-
Screwfix Foundation
-
Heart of England
8,835
National Heritage
7,000
QE Project
11,667
Communities in Sync
2,000
Black Country Consortium
4,990
37,417
TOTAL FUNDS
508,066		 Net
movement
At
in funds
31.3.23
£
£
(9,245)
413,291
-
190,000
(9,245)
603,291
(70)
-
(79)
-
(8,819)
15,392
(324)
972
(26)
-
-
4,555
(189)
-
(13,860)
-
(2,582)
2,418
1,124
1,124
4,423
4,423
(20,402)
28,884
(29,647)
632,175
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 21

Headway Black Country

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

16. MOVEMENT IN FUNDS - continued

The purpose of the restricted funds are as follows:

Future Builders Grant

This was a capital grant to cover the costs of moving premises to Martin Street Hill, Dudley and refurbishment costs. This fund was fully utilised in the previous year.

Santander Foundation

This was a grant towards the provision of IT services for clients. This fund was fully utilised in the previous year.

Lottery Funding

This was a grant to deliver sufficient extension to the services already provided for brain injury survivors. This included 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 provided a service dedicated to supporting carers of brain injury survivors whose needs for specialist support and information often go unmet and unrecognised. This funding cased in the previous year and the balance of the reaming fund brought forward was fully utilised in the current year.

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 annual depreciation is charged against the fund.

Dudley MBC Carers Grant

This was grant funding to support Carer Support Groups for family members of survivors in Dudley. This fund was fully utilised in the previous year.

Eveson Trust

This is a grant to support development of Survivor Peer Support, Tea and chat and Carer Support Groups.

Kick Start Grant

This was 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. This fund was fully utilised in the previous year.

Access Reach Fund

This grant 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. This fund was fully utilised in the previous year.

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. Some of the grant still remains and will be put towards future building repairs when required.

National Heritage Fund

A celebration of Headway's 25th year anniversary and providing visits to the Black Country Museum.etc. This fund was fully utilised in the current year.

QE Project

For our Outreach Team to support brain Injury patients at the Queen Elizabeth Hospital. This fund was fully utilised in the current year.

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. This grant was received and fully utilised in the previous year.

continued...

Page 22

Headway Black Country

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

16. MOVEMENT IN FUNDS - continued

Black Country Consortium

This fund was to provide seated exercise class and weekly walks to clients. This fund was fully utilised in the current year.

Beacon Centre

This fund is provided by Black Country Healthcare NHS Foundation Trust. This is a new fund received close to the end of the year which will be spent in 2024/25.

Additional Counselling Support

This grant was to provide counselling services to clients.

New Development Project

A legacy donation of £147,866 was received during the year to support the charity's new development project.

17. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.

18. ULTIMATE CONTROLLING PARTY

The charity is under the control of the trustees.

Page 23

Headway Black Country

Detailed Statement of Financial Activities for the Year Ended 31 March 2024

Detailed Statement of Financial Activities
for the Year Ended 31 March 2024
31.3.24 31.3.23
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 31,553 11,839
Legacies 147,866 -
179,419 11,839
Charitable activities
Grants 24,162 37,417
Rehabilitative services 453,430 455,239
Investment income 9,765 3,571
487,357 496,227
Total incoming resources 666,776 508,066
EXPENDITURE
Charitable activities
Wages 312,285 297,771
Social security 17,745 15,234
Pensions 5,856 6,771
Heat, light and rates 4,270 5,648
Telephone 4,483 4,331
Printing, postage & stationery 3,639 3,972
Sundry expenses 3,062 4,809
Travel expenses 2,754 2,005
Publicity costs 1,517 4,874
Rent and insurance 8,213 14,018
Professional fees 4,697 22,834
Training and books 7,310 4,004
Repairs and renewals 9,631 13,704
Computer costs 12,619 12,860
Equipment hire 3,425 3,621
Membership fees 796 3,144
Cleaning 3,123 2,770
Life and health insurance 1,661 -
Bad debts - 1,594
Depreciation 6,818 7,120
Mortgage and loan interest 1,354 1,683
415,258 432,767
Support costs
Finance
Bank charges 605 627
Mortgage and loan interest 313 390
918 1,017

This page does not form part of the statutory financial statements

Page 24

Headway Black Country

Detailed Statement of Financial Activities for the Year Ended 31 March 2024

Detailed Statement of Financial Activities
for the Year Ended 31 March 2024
31.3.24 31.3.23
£ £
Finance
Information technology
Telephone 193 187
Computer costs 2,922 3,197
3,115 3,384
Other
Wages 72,302 68,942
Social security 4,108 3,527
Pensions 1,356 1,543
Heat, light and rates 989 1,308
Rent and insurance 1,901 3,246
Telephone 845 816
Printing, postage & stationery 842 920
Sundry expenses 709 1,113
Training and books 1,692 927
Travel expenses 638 464
Publicity costs 351 1,128
Repairs and renewals 2,230 3,173
Professional fees 1,088 5,348
Membership fees 184 643
Equipment hire 793 838
Cleaning 723 641
Life and health insurance 385 -
Depreciation 1,510 1,649
92,646 96,226
Governance costs
Auditors' remuneration for non audit work 4,175 4,319
Total resources expended 516,112 537,713
Net income/(expenditure) 150,664 (29,647)

This page does not form part of the statutory financial statements

Page 25