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← Headway Black Country

2025-03-31-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 2025

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 2025

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
Cash Flow Statement 11
Notes to the Cash Flow Statement 12
Notes to the Financial Statements 13 to 21
Detailed Statement of Financial Activities 22 to 23

Headway Black Country Reference and Administrative Details for the Year Ended 31 March 2025

TRUSTEES Ms Claire Victoria Burnell Ms Susan Mary Hatton Ms Deborah Ann Pejica Ms Alison Jane Ratcliffe Ms Kavita Nagra Mr James Robert Brent (appointed 15.7.24) Mr Stephen Paul Austin (appointed 28.10.24) Mrs Gillian Elizabeth Darwood (appointed 28.4.25) 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 2025

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 2025. 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

Report of the Trustees for the Year Ended 31 March 2025

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 Brindley Place, 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 2024/25 were: Ms Debbie Pejica (Chair) Ms Claire Burnell Ms Sue Hatton (Ambassador) Ms Alison Ratcliffe Ms Kavita Nagra Mr James Brent Mr Stephen Austin

The following trustee was appointed after the year end: Mrs Gillian Darwood (appointed 28/04/2025)

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 2025, we employed 23 staff (3 full time, 20 part time), 3 sessional Counsellors and 1 Bank Support Worker. During the financial year 2024/25 we were supported by 22 volunteers in total.

Page 3

Headway Black Country

Report of the Trustees

for the Year Ended 31 March 2025

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 2025

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.

Our Chief Officer, Jayne Emery, along with our team continues to build on the significant progress achieved throughout 2024. She remains focused on ensuring the safe, efficient, and effective running of Headway Black Country, while also driving forward key developments that further strengthen our organisation. Her leadership has been central to several important initiatives, including the ongoing enhancement of our website and branding to improve our visibility, communication, and overall public presence and the creation of our new garden room, an important addition that increases the space available for both staff and clients, enabling us to deliver services in a more comfortable and flexible environment, with the potential for increased services to be accommodated.

Page 5

Headway Black Country

Report of the Trustees for the Year Ended 31 March 2025

OBJECTIVES AND ACTIVITIES

Importantly, all of this work has been delivered within the agreed budget, clearly demonstrating Jayne's strong leadership and unwavering commitment to responsible financial management. As in previous years, we continue to maintain tight control of our budget and financial expenditure, ensuring that resources are used efficiently and transparently. Alongside this, there remains a strong focus on fundraising and building new connections and partnerships, both of which are essential to supporting our long-term sustainability and growth.

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.

ACHIEVEMENTS AND PERFORMANCE

Achievement and Performance 2024/25

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 2024 - 85 clients attending at least one session each week. 31st March 2025 - 86 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 2024 - March 2025 - 325 clients, families and carers.

Counselling Service

During the year; 36 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 2025 the charity received donations, service income, grants and interest amounting to £541,209 (2024 £666,776). It has spent £567,420 (2024 - £516,112) in pursuit of the Charity's objects. At 31st March 2025 £756,628 (2024 - £782,839 was held as Restricted and Unrestricted Funds. The detailed accounts are set out on the pages 9 to 23 of these financial statements.

Page 6

Headway Black Country

Report of the Trustees for the Year Ended 31 March 2025

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 2025, we are proposing (to be agreed in the April 2025 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 ............................................. 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 2025.

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

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

Page 8

Headway Black Country

Statement of Financial Activities for the Year Ended 31 March 2025

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
7,557
Charitable activities
3
Grants receivable
-
Income received through the provision of
rehabilitative services
497,081
Investment income
12,472
Total
517,110
EXPENDITURE ON
Charitable activities
4
Staff and volunteer costs
434,222
Property costs
31,550
Other operating costs
70,139
Total
535,911
NET INCOME/(EXPENDITURE)
(18,801)
RECONCILIATION OF FUNDS
Total funds brought forward
620,059
TOTAL FUNDS CARRIED FORWARD
601,258		 Restricted
funds
£
-
24,099
-
-
24,099
21,742
3,600
6,167
31,509
(7,410)
162,780
155,370		 31.3.25
Total
funds
£
7,557
24,099
497,081
12,472
541,209
455,964
35,150
76,306
567,420
(26,211)
782,839
756,628		 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

The notes form part of these financial statements

Page 9

Headway Black Country

Balance Sheet

31 March 2025

Notes
FIXED ASSETS
Tangible assets
10
CURRENT ASSETS
Debtors
11
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
12
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
14
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
203,808
72,187
352,071
424,258
(26,808)
397,450
601,258
601,258		 Restricted
funds
£
49,607
-
105,763
105,763
-
105,763
155,370
155,370		 31.3.25
Total
funds
£
253,415
72,187
457,834
530,021
(26,808)
503,213
756,628
756,628
601,258
155,370
756,628		 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

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

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 Deborah Ann Pejica - Trustee

The notes form part of these financial statements

Page 10

Headway Black Country

Cash Flow Statement for the Year Ended 31 March 2025

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 provided by/(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		 31.3.25
£
(25,608)
-
(25,608)
(50,676)
(50,676)
-
-
(76,284)
534,118
457,834		 31.3.24
£
143,804
(1,667)
142,137
(2,650)
(2,650)
(42,225)
(42,225)
97,262
436,856
534,118

The notes form part of these financial statements

Page 11

Headway Black Country

Notes to the Cash Flow Statement for the Year Ended 31 March 2025

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

OPERATING ACTIVITIES
Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Interest paid
Increase in debtors
Increase/(decrease) in creditors
Net cash (used in)/provided by operations		 31.3.25
£
(26,211)
8,304
-
(17,793)
10,092
(25,608)		 31.3.24
£
150,664
8,328
1,667
(11,639)
(5,216)
143,804

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.24 Cash flow At 31.3.25
£ £ £
Net cash
Cash at bank and in hand 534,118 (76,284) 457,834
534,118 (76,284) 457,834
Total 534,118 (76,284) 457,834

The notes form part of these financial statements

Page 12

Headway Black Country

Notes to the Financial Statements for the Year Ended 31 March 2025

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 13

Headway Black Country

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

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		 31.3.25
£
7,557
-
7,557		 31.3.24
£
31,553
147,866
179,419

continued...

Page 14

Headway Black Country

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

3. INCOME FROM CHARITABLE ACTIVITIES

31.3.25
Activity
£
Grants
Grants receivable
24,099
Income received through the provision of
Rehabilitative services
rehabilitative services
497,081
Investment income
Investment income
12,472
533,652
Grants received, included in the above, are as follows:
31.3.25
£
General grants
24,099
4.
CHARITABLE ACTIVITIES COSTS
Support
Direct
costs (see
Costs
note 5)
£
£
Staff and volunteer costs
370,243
85,721
Property costs
28,543
6,607
Other operating costs
58,269
18,037
457,055
110,365
5.
SUPPORT COSTS
Information
Governance
Finance
technology
Other
costs
£
£
£
£
Staff and volunteer costs
-
-
85,721
-
Property costs
-
-
6,607
-
Other operating costs
615
3,002
10,032
4,388
615
3,002
102,360
4,388
6.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.3.25
£
Other assurance services
4,388
Depreciation - owned assets
8,305		 31.3.24
£
24,162
453,430
9,765
487,357
31.3.24
£
24,162
Totals
£
455,964
35,150
76,306
567,420
Totals
£
85,721
6,607
18,037
110,365
31.3.24
£
4,175
8,328

continued...

Page 15

Headway Black Country

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

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		 31.3.25
£
409,060
24,637
9,047
442,744
31.3.25
25		 31.3.24
£
384,587
21,853
7,212
413,652
31.3.24
26

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 £55,929 (2024 - £53,187). 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 this and the previous financial year.

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
31,462
Charitable activities
Grants receivable
-
Income received through the provision of
rehabilitative services
453,430
Investment income
9,765
Total
494,657
EXPENDITURE ON
Charitable activities
Staff and volunteer costs
393,973
Property costs
32,483
Other operating costs
51,433
Total
477,889		 Restricted
funds
£
147,957
24,162
-
-
172,119
33,863
-
4,360
38,223		 Total
funds
£
179,419
24,162
453,430
9,765
666,776
427,836
32,483
55,793
516,112

continued...

Page 16

Headway Black Country

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -
Unrestricted
funds
£
NET INCOME
16,768
RECONCILIATION OF FUNDS
Total funds brought forward
603,291
TOTAL FUNDS CARRIED FORWARD
620,059
10.
TANGIBLE FIXED ASSETS
Fixtures
Freehold
and
property
fittings
£
£
COST
At 1 April 2024
271,430
-
Additions
41,795
7,265
At 31 March 2025
313,225
7,265
DEPRECIATION
At 1 April 2024
70,557
-
Charge for year
5,429
-
At 31 March 2025
75,986
-
NET BOOK VALUE
At 31 March 2025
237,239
7,265
At 31 March 2024
200,873
-
11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments and accrued income		 continued
Restricted
funds
£
133,896
28,884
162,780
Computer
equipment
£
47,173
1,616
48,789
37,002
2,876
39,878
8,911
10,171
31.3.25
£
67,255
4,932
72,187		 Total
funds
£
150,664
632,175
782,839
Totals
£
318,603
50,676
369,279
107,559
8,305
115,864
253,415
211,044
31.3.24
£
46,818
7,576
54,394		 Total
funds
£
150,664
632,175
782,839

continued...

Page 17

Headway Black Country

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£ £
Trade creditors 2,542 1,257
Social security and other taxes 6,772 6,187
Pension creditor 1,747 1,428
Attachment of earnings 25 279
Accruals and deferred income 15,722 7,566
26,808 16,717

13. SECURED DEBTS

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

14. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Lottery Funding - Server
Eveson Trust Grant
Screwfix Foundation
Beacon Centre
Additional Counselling Support
New Development Project
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Lottery Funding - Server
Eveson Trust Grant
Screwfix Foundation
QE Project
Beacon Centre
Additional Counselling Support
TOTAL FUNDS		 At 1.4.24
£
620,059
729
4,306
2,418
3,346
4,115
147,866
162,780
782,839
Incoming
resources
£
517,110
-
-
-
12,667
11,432
-
24,099
541,209		 Net
movement
At
in funds
31.3.25
£
£
(18,801)
601,258
(182)
547
(298)
4,008
(1,397)
1,021
(1,418)
1,928
(4,115)
-
-
147,866
(7,410)
155,370
(26,211)
756,628
Resources
Movemen
expended
in funds
£
£
(535,911)
(18,801
(182)
(182
(298)
(298
(1,397)
(1,397
(12,667)
-
(12,850)
(1,418
(4,115)
(4,115
(31,509)
(7,410
(567,420)
(26,211		 At
31.3.25
£
601,258
547
4,008
1,021
1,928
-
147,866
155,370
756,628
(7,410
(26,211

continued...

Page 18

Headway Black Country

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

14. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement
At 1.4.23
in funds
£
£
Unrestricted funds
General fund
413,291
16,768
Building reserve
190,000
-
603,291
16,768
Restricted funds
Lottery Funding
15,392
(15,392)
Lottery Funding - Server
972
(243)
Eveson Trust Grant
4,555
(249)
Screwfix Foundation
2,418
-
National Heritage
1,124
(1,124)
Black Country Consortium
4,423
(4,423)
Beacon Centre
-
3,346
Additional Counselling Support
-
4,115
New Development Project
-
147,866
28,884
133,896
TOTAL FUNDS
632,175
150,664
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
494,657
Restricted funds
Lottery Funding
-
Lottery Funding - Server
-
Eveson Trust Grant
-
National Heritage
91
QE Project
12,833
Black Country Consortium
-
Beacon Centre
3,346
Additional Counselling Support
7,983
New Development Project
147,866
172,119
TOTAL FUNDS
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

The purpose of the restricted funds are as follows:

Lottery Funding

continued...

Page 19

Headway Black Country

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

14. MOVEMENT IN FUNDS - continued

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 year to 2023 and the balance of the reaming fund brought forward was fully utilised in the year to 2024.

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.

Eveson Trust

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

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 is put towards other 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 previous year.

QE Project

For our Outreach Team to support brain injury patients at the Queen Elizabeth Hospital. All receipts into this fund are fully utilised in the year.

Black Country Consortium

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

Beacon Centre

This fund was provided by Black Country Healthcare NHS Foundation Trust to cover learning co-ordinator costs, life skills co-ordinator costs, support worker costs as well as other related expenses.

Additional Counselling Support

This grant was to provide counselling services to clients and an amount brought forward has been fully utilised during this year.

New Development Project

A legacy donation of £147,866 was received during the previous year to support the charity's new development project. Some of this has been spent on a new building and relating fixtures during the year, therefore some of the fund is now represented by fixed assets, with the remainder held as cash at bank.

continued...

Page 20

Headway Black Country

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.

16. ULTIMATE CONTROLLING PARTY

The charity is under the control of the trustees.

Page 21

Headway Black Country

Detailed Statement of Financial Activities for the Year Ended 31 March 2025

Detailed Statement of Financial Activities
for the Year Ended 31 March 2025
31.3.25 31.3.24
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 7,557 31,553
Legacies - 147,866
7,557 179,419
Charitable activities
Grants 24,099 24,162
Rehabilitative services 497,081 453,430
Investment income 12,472 9,765
533,652 487,357
Total incoming resources 541,209 666,776
EXPENDITURE
Charitable activities
Wages 332,157 312,285
Social security 20,005 17,745
Pensions 7,346 5,856
Heat, light and rates 4,967 4,270
Telephone 3,969 4,483
Printing, postage & stationery 2,775 3,639
Sundry expenses 3,906 3,062
Travel expenses 3,071 2,754
Publicity costs 12,034 1,517
Rent and insurance 9,642 8,213
Professional fees 10,669 4,697
Training and books 5,096 7,310
Repairs and renewals 9,526 9,631
Computer costs 12,226 12,619
Equipment hire 2,920 3,425
Membership fees 1,233 796
Cleaning 4,022 3,123
Life and health insurance 2,774 1,661
Bad debts 1,974 -
Depreciation 6,743 6,818
Mortgage and loan interest - 1,354
457,055 415,258
Support costs
Finance
Bank charges 615 605
Mortgage and loan interest - 313
615 918

This page does not form part of the statutory financial statements

Page 22

Headway Black Country

Detailed Statement of Financial Activities for the Year Ended 31 March 2025

Detailed Statement of Financial Activities
for the Year Ended 31 March 2025
31.3.25 31.3.24
£ £
Finance
Information technology
Telephone 171 193
Computer costs 2,831 2,922
3,002 3,115
Other
Wages 76,903 72,302
Social security 4,632 4,108
Pensions 1,701 1,356
Heat, light and rates 1,150 989
Rent and insurance 2,232 1,901
Telephone 748 845
Printing, postage & stationery 642 842
Sundry expenses 904 709
Training and books 1,180 1,692
Travel expenses 711 638
Publicity costs 2,786 351
Repairs and renewals 2,205 2,230
Professional fees 2,470 1,088
Membership fees 286 184
Equipment hire 676 793
Cleaning 931 723
Life and health insurance 642 385
Depreciation 1,561 1,510
102,360 92,646
Governance costs
Auditors' remuneration for non audit work 4,388 4,175
Total resources expended 567,420 516,112
Net (expenditure)/income (26,211) 150,664

This page does not form part of the statutory financial statements

Page 23