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2024-03-31-accounts

Charity Registration No. 1092578

Company Registration No. 04068994 (England and Wales)

HEREFORDSHIRE HEADWAY

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

HEREFORDSHIRE HEADWAY

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Dr. P.N. Hawker W. J. Finn (Chair) H. W. R Ponting T.J. Evans P. H. Harper G.O. Blyth Secretary G.O. Blyth Chief Executive Officer H. M. Mapp Charity number 1092578 Company number 04068994 Registered office and Headway House principal address Trenchard Avenue Credenhill Hereford Herefordshire HR4 7DX Independent examiner David Farebrother BSc (Hons) BFP ACA Kendall Wadley LLP Granta Lodge Malvern Worcestershire WR14 2JS Bankers Barclays Bank plc 1-3 Broad Street Hereford HR4 9BH

HEREFORDSHIRE HEADWAY

CONTENTS

Page
Trustees' report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 20

HEREFORDSHIRE HEADWAY

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024

The Trustees present their annual report and financial statements for the year ended 31 March 2024.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity's Memorandum and Articles of Association dated 06 September 2000 as amended by a Special Resolution dated 15 November 2001, the Companies Act 2006 and “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

The Charities Objects are:

The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims, objectives and operations. Services have been developed to maximise public benefit. Such services include the provision of a day centre delivering clinical and life-style enablement services, outreach and mentoring, respite care, local information, awareness raising and support for individuals and professionals.

Herefordshire Headway was entered on the register of charities 23 years ago. Since this time we have supported many hundreds of people and their families who have been affected by the devastating effects of acquired brain injury (ABI) providing relevant and specific support to meet individual needs. 53 people currently attend our day centre on a weekly basis. Our outreach service was funded by the National Lottery Community Fund for the last 5 years, but funding ended in June 2023. Sadly Health and/or Social Care funding will not replace it. Plans for a less in depth but affordable drop in service each Thursday have been made available to carers, families and anyone needing individual short term advice and support.

Achievements and performance

Our beneficiaries and their families continue to face challenges throughout the year ending March 2024 and Herefordshire Headway has adapted with them. Yet again this year our in-centre service offer has been adapted in line with service demands making it yet more re-enablement focused. Nurse-led support services have become very popular and are being further developed as people try to become more self-reliant with statutory services struggle to meet demand and the cost-of-living crisis maintains its hold.

We have engaged at several levels with the new joint commissioning body for both Herefordshire and Worcestershire Integrated Care System to influence their thinking on the provision of care for those who have suffered an acquired brain injury: we believe we offer a highly effective and strong value for money service that is not sufficiently recognised by our stretched health and social care services. Our CEO, Helen Mapp and out highly-qualified trustee, Peter Harper, have led this process and we remain hopeful that this engagement will lead to further public finding.

HEREFORDSHIRE HEADWAY

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024

At the same time, we recognise that our traditional sources of funding: the NHS, Herefordshire Council and private payment (to some degree subsidised by charitable grants) remain under great pressure. Indeed, Charitable grants may not always be there to support us. To this end we continue to try and develop different models to raise funds. Our strategic direction is to improve awareness of Herefordshire Headway and the work is does throughout the Herefordshire community, so that we can build both long-term relations with private sector organisations and individuals willing to support us, and create a much wider base of fund-raisers prepared to offer us small amounts on a repeated basis – a ‘community of supporters’. We are lucky to have had some guidance in this from the successful and local children’s charity, The Little Princess Trust, in how they have achieved such a model. While not directly applicable, it is clear that a substantially greater social media presence will be required as a first step. To this extent, we have agreed additional expenses for a marketing post and hope to fill this with the required expertise by the end of this summer.

Headway Herefordshire has been ably led by its CEO for the last 12 years and well-supported by the finance officer. Both made us aware some time ago that they intended to step down at the end of Q1, 2025. We have therefore been striving to ensure their succession with able and committed senior employees and hope to confirm this before year end (including probation periods).

We welcomed one new trustee to the team (Tim Evans) and Tim has already provided valuable guidance on our building maintenance needs. He has also become an engaged member of the governance team and a dedicated volunteer at the woodworking club. We continue to seek new trustees with wisdom and relevant skill sets, as a number of our trustees have given committed service over many years and a future pipeline will be needed.

Financial review

During the year income amounted to £261,166 (2023: £349,667) and expenditure to £245,999 (2023: £322,003). Of the income £69,473 (2023: £71,761) was derived from services provided under contract for Herefordshire County Council (Day Opportunities and the Outreach Services schemes). Overall, this resulted in a net surplus for the year of £15,167 (2023: net surplus of £27,664). At the year end the reserves of the Charity amounted to £457,942 (2023: £442,775), comprising restricted funds of £134,822 (2023: £127,213), designated funds of £36,470 (2023: £36,470) leaving general funds of £286,650 (2023: £279,092).

The Statement of Financial Activities (SOFA) on page 5 reflects a continuation of last year's positive financial position reflecting an increase in unrestricted charity reserves. Unrestricted Charity reserves (excluding designated funds) not required to support fixed assets now stand at £259,025 and represent approximately 16 months of unrestricted operating costs. After taking into account all requirements for holding reserves the Trustees regard this level of reserves as both reasonable and prudent.

We are pleased to report that management,fundraising and administration costs remain under control and an improved pricing structure for delivered services is maintaining a stable funding base for the continued development of services and facilities in pursuance of our charitable objectives.

The Trustees monitor risk using the risk register which is an integral part of the annual business planning process. Annual planning takes place in January each year the final plan being ratified prior to April and then monitored throughout the year. The Trustees are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The Charity is a company limited by guarantee governed by its Memorandum of Articles of Association dated 6 September 2000 as amended by a Special Resolution dated 15 November 2001. It is registered as a Charity with the Charities Commission, number 1092578, and is exempt from corporation and income tax on its charitable income.

All members of the Board of Trustees exercise their authority in the capacity as Directors under the relevant company legislation and as Trustees of the Charity. Given the company's charitable status the term 'Trustee' rather than 'Director' is used throughout.

The Trustees, who are also the Directors for the purpose of company law, and who served during the year were: Dr. P.N. Hawker

W. J. Finn (Chair) H. W. R Ponting

HEREFORDSHIRE HEADWAY

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024

T.J. Evans P. H. Harper G.O. Blyth

As set out in the Articles of Association one third of the Trustees retire by rotation each year but only if at least two Trustees will remain in office. Any member entitled to vote at a general meeting may propose one member for appointment or reappointment as a Trustee. The number of Trustees shall be at least five and not more than ten all of whom must be members. All the Trustees co-opted under section 3.7 of the Articles of Association serve until the AGM following their appointment when they may seek election as Trustee.

Training is provided as necessary using guidance provided by the Charity Commission and the wider Headway network.

None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The Board of Trustees, which meets regularly, governs the Charity. A Chief Executive is appointed by the Trustees to manage the day to day activities of the Charity. To facilitate effective operations the Chief Executive has delegated authority for these day to day operational matters. Remuneration of staff is approved by the Board having due regard to the tasks undertaken by the relevant members of staff.

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

The Trustees' report was approved by the Board of Trustees.

Dr. P.N. Hawker

Trustee Dated: 4 December 2024

HEREFORDSHIRE HEADWAY

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HEREFORDSHIRE HEADWAY

I report to the Trustees on my examination of the financial statements of Herefordshire Headway (the Charity) for the year ended 31 March 2024.

Responsibilities and basis of report

As the Trustees of the Charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the Charity 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 the Charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, 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 that in any material respect:

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 financial statements to be reached.

D W Farebrother BSC (Hons) BFP ACA Kendall Wadley LLP

Granta Lodge 71 Graham Road Malvern Worcestershire WR14 2JS

Dated: 4 December 2024

HEREFORDSHIRE HEADWAY

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Donations and legacies
3
68,006
58,521
Charitable activities
4
130,872
-
Investments
5
3,767
-
Total income
202,645
58,521
Expenditure on:
Raising funds
6
9,283
-
Charitable activities
7
185,804
50,912
Total resources
expended
195,087
50,912
Net income for the year/
Net movement in funds
7,558
7,609
Fund balances at 1 April
2023
315,562
127,213
Fund balances at 31
March 2024
323,120
134,822		 Total Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
126,527
67,662
165,849
130,872
115,421
-
3,767
735
-
261,166
183,818
165,849
9,283
10,501
-
236,716
138,874
172,628
245,999
149,375
172,628
15,167
34,443
(6,779)
442,775
281,119
133,992
457,942
315,562
127,213		 Total
2023
£
233,511
115,421
735
349,667
10,501
311,502
322,003
27,664
415,111
442,775

The statement of financial activities includes all gains and losses recognised in the year.

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

HEREFORDSHIRE HEADWAY

BALANCE SHEET

AS AT 31 MARCH 2024

Notes
Fixed assets
Tangible assets
13
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within
one year
15
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
18
Unrestricted funds
Designated funds
19
General unrestricted funds		 2024
£
19,486
283,221
302,707
(9,989)
36,470
286,650		 £
165,224
292,718
457,942
134,822
323,120
457,942		 2023
£
18,063
336,734
354,797
(54,324)
36,470
279,092		 £
142,302
300,473
442,775
127,213
315,562
442,775

The company is entitled to the exemption from the audit requirement contained in 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 in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The accounts were approved by the Trustees on 4 December 2024

Dr. P.N. Hawker

Trustee

Company Registration No. 04068994

HEREFORDSHIRE HEADWAY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

Charity information

Herefordshire Headway is a private company limited by guarantee incorporated in England and Wales. The registered office is Headway House, Trenchard Avenue, Credenhill, Hereford, Herefordshire, HR4 7DX.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charity's Memorandum and Articles of Association, the Companies Act 2006 and "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)". The Charity is a Public Benefit Entity as defined by FRS 102.

The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the Trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Incoming resources

Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

HEREFORDSHIRE HEADWAY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.5 Resources expended

Liabilities are recognised by the charity where a contractual obligation exists or for goods services received that have not been invoiced.

Resources expended are allocated to funds in accordance with the nature of activity to which that expenditure relates. Staff costs are allocated to the relevant funds on a time spent basis.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold Land and buildings Nil Improvements to freehold property 5% Straight Line Greenhouse and kiln 5% Straight Line Fixtures, fittings & equipment 10% Straight Line Computers 33.3% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand and deposits held at call with banks.

1.9 Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest. Financial assets classified as receivable within one year are not amortised.

HEREFORDSHIRE HEADWAY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12 Leases

Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.

1.13 Government Grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received

2 Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

HEREFORDSHIRE HEADWAY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

3 Donations and legacies

Unrestricted
Restricted
funds
funds
£
£
Donations and gifts
16,711
-
Grants
50,500
58,521
Membership fees
795
-
68,006
58,521
For the year ended 31 March 2023
67,662
165,849
Donations and gifts
Other
16,711
-
16,711
-
Included above are grants received
Masonic Arrow
500
-
Bernard Sunley Foundations
-
5,000
E F Bulmer Trust
-
-
The Eveson Trust
30,000
-
Co-op Local Community Fund
-
3,435
Jordans Trust
20,000
-
Hereford Lions Club
-
1,000
Hereford Council infection Control
-
-
Hereford Council Omicton support fund
-
-
The Clothworkers' Foundation
-
15,000
Lottery - Stay Well/Stay Safe
-
34,086
The Rowland Trust
-
-
The D'Oyly Carte Charitable Trust
-
-
50,500
58,521		 Total
2024
£
16,711
109,021
795
126,527
16,711
16,711
500
5,000
-
30,000
3,435
20,000
1,000
-
-
15,000
34,086
-
-
109,021		 Total
2023
£
5,997
226,694
820
233,511
233,511
5,997
5,997
-
-
5,000
25,000
4,102
20,000
-
4,154
6,691
-
155,907
2,240
3,600
226,694

HEREFORDSHIRE HEADWAY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

4 Charitable activities
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Daily attendance income 47,000 36,253
Services provided under contract 69,473 71,761
Ancillary trading income 8,742 1,962
Formal Licence Agreement Income 5,657 5,445
130,872 115,421
5 Income from investments
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Interest receivable 3,767 735
6 Raising funds
2024 2023
£ £
Fundraising costs of grants and donations - unrestricted
Staff costs 9,283 10,501

HEREFORDSHIRE HEADWAY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

7 Charitable activities

Staff costs
Depreciation and impairment
Subcontractor fees
Running costs
Transport
Food costs
Bank charges
Other costs
Share of support costs (see note 8)
Share of governance costs (see note 8)
Analysis by fund
Unrestricted funds
Restricted funds		 2024
£
84,070
11,950
36,883
1,454
2,697
1,036
297
-
138,387
83,413
14,916
236,716
185,804
50,912
236,716		 2023
£
163,094
18,884
32,528
8,312
11,064
651
223
2,459
237,215
58,320
15,967
311,502
138,874
172,628
311,502

HEREFORDSHIRE HEADWAY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

8
Support costs
Support
costs
Governance
costs
2024
£
£
£
Staff costs
49,320
9,283
58,603
Printing, postage and
stationery
1,243
-
1,243
Heating and lighting
7,035
-
7,035
Insurance
7,670
-
7,670
Water rates
620
-
620
Telephone
3,533
-
3,533
Repairs and renewals
6,347
-
6,346
Waste and cleaning
2,676
-
2,676
Computer costs
2,112
-
2,112
Health, safety and
training
1,776
-
1,776
Sundry expenses
1,081
-
1,081
Membership and
affiliations
-
815
815
Legal and professional
costs
-
1,878
1,878
Independent examiners
fee
-
2,940
2,940
83,413
14,916
98,328
Analysed between
Charitable activities
83,413
14,916
98,329
9
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets		 2023 Basis of allocation
£
47,370 Time spent
364 See 1.5
6,637 ""
7,826 ""
497 ""
2,025 ""
1,356 ""
2,459 ""
(528) ""
815 ""
- ""
903
Governance
2,514
Governance
2,049
Governance
74,287
74,287
2024
2023
£
£
11,950
18,884

Depreciation of owned tangible fixed assets

10 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or travelling expenses during the year (2023 - £Nil).

HEREFORDSHIRE HEADWAY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

11 Employees

The average monthly number of employees during the year was:

Administration and support
Direct services
Total
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2024
Number
3
9
12
2024
£
146,092
3,709
2,155
151,956		 2023
Number
4
13
17
2023
£
212,066
6,376
2,525
220,967

During the year termination payments comprising redundancy, payments in lieu of notice and holiday pay of £6,923 (2023 - £15,799) were made.

Of the 12 (2023 - 17) members of staff employed, 1 is full time (2023 - 1) and 11 are part time (2023 - 16).

There were no employees whose annual remuneration was more than £60,000.

12 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

HEREFORDSHIRE HEADWAY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

13
Tangible fixed assets
Freehold Land
and buildings
Improvements
to freehold
property
Greenhouse
and kiln
Fixtures,
fittings &
equipment
Computers
£
£
£
£
£
Cost
At 1 April 2023
30,470
140,845
14,955
23,098
34,630
Additions
-
34,696
-
176
-
At 31 March 2024
30,470
175,541
14,955
23,274
34,630
Depreciation and
impairment
At 1 April 2023
-
53,501
2,646
11,016
34,533
Depreciation charged in the
year
-
8,778
748
2,327
97
At 31 March 2024
-
62,279
3,394
13,343
34,630
Carrying amount
At 31 March 2024
30,470
113,262
11,561
9,931
-
At 31 March 2023
30,470
87,344
12,309
12,082
97		 Total
£
243,998
34,872
278,870
101,696
11,950
113,646
165,224
142,302
14
Debtors
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income		 2024
£
13,922
5,564
19,486		 2023
£
11,929
6,134
18,063

15 Creditors: amounts falling due within one year

Notes
Other taxation and social security
Deferred income
16
Trade creditors
Accruals		 2024
£
1,975
-
189
7,825
9,989		 2023
£
2,816
34,088
1,734
15,686
54,324

HEREFORDSHIRE HEADWAY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

16 Deferred income

Arising from Income in advance of service date
Current liabilities		 2024
£
-
-		 2023
£
34,088
34,088

The amount deferred represents monies received from the Lottery Fund as yet unspent. The income is released to the Statement of Financial Activities as expenditure is incurred. Monies remaining unspent at the completion of the project are to be returned to the Big Lottery Fund.

17 Retirement benefit schemes

Retirement benefit schemes
2024 2023
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 2,155 2,525

The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently administered fund.

HEREFORDSHIRE HEADWAY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

18 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

Movement in funds Movement in funds Movement in funds Movement in funds
Balance at Incoming Resources Balance at Incoming Resources Balance at
1 April 2022 resources expended 1 April 2023 resources expended
31		 March 2024
£ £ £ £ £ £ £
Refurbishment building and equipment 103,997 3,516 (6,301) 101,212 21,000 (7,350) 114,862
Gardening fund 3,120 - (240) 2,880 - (240) 2,640
Workshop Tools 280 - - 280 - - 280
Refurbishment Equipment 6,413 2,826 (1,478) 7,761 - (1,478) 6,283
Groundwork UK Landscaping Fund 9,480 - (614) 8,866 - (614) 8,252
Lottery Project - 155,907 (155,907) - 34,086 (34,086) -
Replacement Pottery Kiln 2,635 - (109) 2,526 - (109) 2,417
Lottery 2 - Stay Well/Stay Safe 5,705 - (5,705) - - - -
National Emergency Trust DCMS fund 2,362 - (2,274) 88 - - 88
Music Therapy Fund - 3,600 - 3,600 - (3,600) -
Physpeech Therapy Fund - - - - 3,435 (3,435) -
133,992 165,849 (172,628) 127,213 58,521 (50,912) 134,822

HEREFORDSHIRE HEADWAY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

18 Restricted funds

(Continued)

Building Refurbishment - This fund represents grants received from The Bailey Thomas Charitable Fund, Santander Foundation, Sylvia Waddilove, The Sobell Foundation, Novum Law, The Clothworkers' Foundations, Bernard Sunley this year, Morrisons Foundation, ACT Foundation and the Co-op Local community Fund. The aim of these grants is to assist with the costs of improving our premises.

This fund also represents grants received from The Bernard Sunley Foundation and The Clothworkers Foundation, who assisted with the workshop refurbishment.

Gardening Fund - This fund represents a grant received from Jules Thorne and Gillian Bulmer. The aim of these grants is to assist with the costs of improving the garden equipment, in particular the greenhouse.

Workshop Tools Fund - This fund represents a grant received from the Co-op Community. The aim of this grant is to assist with the costs of acquiring new tools for the workshop. Incoming resources this year relate to a legacy.

Refurbishment Equipment Fund - This fund represents grants received from the Hedley Foundation, Beatrice Laing, Bernard Sunley, Childwick Trust and Rowland Trust. The aim of these grants is to assist with the cost of acquiring equipment for the refurbished therapy suite and day care areas.

Groundwork UK Landscaping Fund - This fund represents grants received from Tesco, and also the Co-op Local Community Fund, with an aim to improve the the garden at Headway House.

The Lottery Fund - This fund represents grants received from the National Lottery. The aim of the grant is for development of a home and community support service that allows us to work intensively with individuals, carers, families and communities at home and in their own environments, self reliance and resilience being the core goal.

Replacement Pottery Kiln - This fund represents a grant received from the Sylvia Waddilove Foundation UK. The aim of this grant is to assist with the "Kiln Work" project.

Lottery 2 - Stay Well/Stay Safe, Stay in Touch - a Coronovirus Community Support grant to enable charitable activities to continue in the community during the Covid-19 pandemic.

National Emergency Trust DCMS fund - IT Equipment - This fund represents a grant received via The Herefordshire Community Foundation. The aim of this grant is to provide electronic equipment so activities can be re-delivered to clients at home, necessary as a result of Covid-19 restrictions.

Music Therapy Fund - represents a grant received from The D'Oyly Carte Charitable Trust to support the cost of running music therapy services

Physpeech Therapy Fund - represents a grant received from the Co-op Local Community Fund to support the cost of speech therapy.

HEREFORDSHIRE HEADWAY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

19 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of the unrestricted funds by the trustees for specific purposes:

Movement Movement
in funds in funds
Balance at Incoming Balance at Incoming Balance at
1 April 2022 resources 1 April 2023 resources 31 March 2024
£ £ £ £ £
Building refurbishment 6,000 - 6,000 - 6,000
Headway House 30,470 - 30,470 - 30,470
36,470 - 36,470 - 36,470

Building refurbishment - This fund represents grants received in 2018 from the Masonic Charitable Foundation Community Awards. This has been set aside with the costs of improving our premises.

Headway House - In 2019, Headway House was transferred to a designated fixed asset fund. This has been set aside to more clearly present the free reserves of the charity.

20 Analysis of net assets between funds

Unrestricted
Designated
Restricted
funds
funds
funds
2024
2024
2024
£
£
£
At 31 March 2024:
Tangible assets
27,625
30,470
107,129
Current assets/(liabilities)
259,025
6,000
27,693
286,650
36,470
134,822
Unrestricted
Designated
Restricted
funds
funds
funds
2023
2023
2023
£
£
£
At 31 March 2023:
Tangible assets
15,911
30,470
95,921
Current assets/(liabilities)
263,181
6,000
31,292
279,092
36,470
127,213		 Total
2024
£
165,224
292,718
457,942
Total
2023
£
142,302
300,473
442,775

HEREFORDSHIRE HEADWAY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

21 Operating lease commitments

At the reporting end date the Charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2024
£
785
1,814
2,599		 2023
£
1,585
2,600
4,185

The operating leases represent leases from third parties for the provision of office equipment and other services. The leases are negotiated over terms of 5 to 7 years and rentals are fixed for the term of the lease. There are no options in place for either party to extend the lease terms.

The charge included in the statement of financial activities in connection with these leases is £1,585 (2023 - £1,585).

22 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

Remuneration of key management personnel

The remuneration of key management personnel, considered to be 2 employees (2023 - 2) is as follows.

2024 2023
£ £
Aggregate compensation 56,229 60,446