Charity Reglstrallon No. 1092578 Company Regl8tratlon No. 04068994 (England and Walos) HEREFORDSHIRE HEADWAY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
HEREFORDSHIRE HEADWAY LEGALAND ADMINISTRATIVE INFORMATION Trustees Dr. P.N. Hawker H. W. R Ponting T.J. Evans P. H. Harper G.O. Blyth A. Bolton R. Harrlson Dr J. G. Mackie (Appointed 15 May 2025) (Appointed 11 September 2025) (Appointed 12 June 2025) Secretary G.O. Blyth Chlef Execullve Officer S. T. Heptinstall Charity number 1092578 Company number 04068994 Registered offlce and prin¢ipal addre88 Headway House Trenchard Avenue Credenhill Hereford Herefordshire HR4 7DX Indepandant 8xaminer Davld Farebrother Bsc (Hons) BFP ACA Kendall Wadley LLP Granta Lodge Malvern WorSterShIre WR14 2JS Bankers Barclays Bank plc 1-3 Broad Street Hereford HR4 9BH
HEREFORDSHIRE HEADWAY CONTENTS Page Trustees, report Independent oxaminerfs raport Statement of financial activlties Balance sheet Notes to the financlal statements 8-20
HEREFORDSHIRE HEADWAY TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report and financial statements for the year ended 31 March 2025. The accounts have been prepared in accordance with the a¢¢ounling policios s8t OLrt in note 1 to the accounts and comply with the Charity's Memorandum and Artlcles of Association dated 06 September 2000 as amended by a Special Resolutlon dated 15 November 2001, the Companies Act 2006 and "Accounting and Reporting by Charities- Statement of Re¢ommended Practice applicable to charities preparing their acwunts in accordance with the Financial R8porting Standard applicable in the UK and Republic of Ireland {FRS 102). (effeclive 1 January 2019). Objectlves and a¢tlvttles The Charities Objecls are.. To promote the relief, rehabilitation and re-enablement of persons who have suffered acqulred brain injury {the users) and reside in the areas covered by th6 county of Herefordshire and it8 immediate environs and the relief and support ofthe carers of such persons. The provision in Ihe interests of social welfare of recreational (includlng sporting) occupalional respite and @ducational facilities for the users and their carers. The provision of support informatlon advlce and counselling for the users, their relatives or other persons caring for the users or anyone with an Interest In acquired brain injury. The promotion of r6search into the treatment prevention and prevention of deterloration of acquired brain injury on terms that such research is published. The Trustees confirm that they have referred to the guldance contained in the Charity Commission's general guidance on publlc benefit when revlewlng the charity's aims, objectives, and operations. Servlces hav@ been developed to maximise public benefil. Such setvices include the provision of a Day Centre delivering clinical and life-style enablement S6rvicas, m8ntoring, respite care, local information, awareness raising and support for ndividuals and professionals. Herefordshire Headway was entered on the register of charities 25 years ago. Slnce 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 relevanl and specific support to meet indlvldual needs.
HEREFORDSHIRE HEADWAY TRUSTEES. REPORT {CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Achlevements and perfomiance Cha116nges relat@d to funding care as well as olher financial support for those with an ABI and their families remained central during 2024-25. New welfare reforms put pressure on seNlce users to defend their right to dlsability support. through the reassessment of Personal Independence Payments (PIP) etc. Other public spending cuts al80 put a strain on familles as well as Ihe Councils ability to fund its communlty's health and social welfare needs. For H@refordshir6 Headway the last year has been on& of change and transitlon. In April, our CEO of 12 years retired, alongside the Finance Controller and Lead Nurse. A welkrespected Truslee also stepped down and there was a change of Chair. Stephen Heptlnstall stepped Into the CEO role, supported by a new Flnance Controller. An Advertislng and Fundralslng Lead was appolnted but did not slay beyond a few months. It was declded not lo r&advertlse this post untll the new CEO had sellled in and could assess what was required. Despile the challenges that change brings Herefordshire Headway has been able to grow the seNices it provides ABI sufferers and their familles. We successfully bid to the National Lottery Community Fund (NLCF) with the aim of expanding our servlce offer at the Cenlre as well as In the community for 2025-26. Funding remalns challenging. Although we now have representatlon on the Integrated Care Slroke Board, we still do not receive any NHS funding. However, this recruitm8nt onto the Board alongside planned hospital liaison visits will slrengthen Herefordshire Headways position with healthcare colleagues across Herefordshire and Worcestershire Integrated Care System. We have renewed our Council Conlract this year which helped to secure the funding for several attendees. The new management team has Maintalned excellent relations with our colleagues In the Llvlng Well Adults Commlsslonlng leam. Herefordshire Headway contlnues to work closely with the Communlty Wellbeing Dir8¢torate of Herafordshire Council to ensure those with ABI and their families receive the support thoy need in our County. Flnanclal revlew During the year income amounted to £183,333 (2024.. £261,186) and expenditure to £281,552 (2024.. £245,999). Of the income £54,305 (2024: £69,473) was derived from services provided under contract for Herefordshlre County Council (Day Opportunitles and the Outreach SeNlces schemes). Overall, thls resulted In a net deficit for the year of £78,219 (2024: net surplus of £15,167). At the year end Ihe reserves of the Charity amounted to £379,723 (2024.. £457,942), comprising reslricted funds of £88 (2024.. £134,822), designated funds of £180.792 (2024.. £36,470) leaving general funds of £198,843 (2024: £286,650). Unrestricted Charity reseNes (excluding designated funds) not required to support fixed ass8ts now stand at £198,843 and represent approximately 9 months of unrestricted operatlng costs. After taking into account all requirements for holding reseNes the Trustees regard this level of reserves as both reasonable and prudent. We are pleased to report that management,fundraislng and administration costs remain under control and an Improved pricing structure for dellvered servlces Is malnlaining a stable fundlng base for the continued development of seNlces and fa¢illlies in pursuance of our charltable objectlves, Tha Trustees monltor 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 ratlfied prior to April and then monitored throughout th8 year. The Trustees are satisfied that systems are in place to mitigate exposure lo the major rrsks.
HEREFORDSHIRE HEADWAY
TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025
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 (Resigned 13 March 2025) H. W. R Ponting T.J. Evans P.H. Harper G.O. Blyth A Bolton (Appointed 15 May 2025) R. Harrison (Appointed 11 September 2025) Dr J. G. Mackie (Appointed 12 June 2025)
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 P art 15 of the Companies Act 2006.
The Trustees' report was approved by the Board of Trustees.
P.H. Harper
Trustee Dated: 10 December 2025
- 3 -
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 Her6fordshSre Headway (the Charity) for the year ended 31 March 2025. Responsibllltlas and basls of report As the Truste8s of th6 Charity (and also its directors for the purposes of company law), you are responsible for the preparalion of Ihe financlal statements in accordance with the requirements of the Companies Act 2006. Having sati8fied myself that the financial statements of the Charlty are not requlred to be audlted under Part 16 of Ihe 2006 Act and are eligible for independent examination, I report in respect of my 6xaminalion of Ihe Charity's financlal statements carried out under se¢tlon 145 of the Charilies Act 2011 (Ihe 2011 Act). In carrying oul my examination I have followed all the appll¢able Dlrectlons given by the Charity Commission under section 145{5}(b) of the 2011 Act. Independent examinerfs statement I have completed my examination. I confimi that no matters have come to my attentlon in connedlon wlth Ihe examlnatlon giving me cause to believe that in any material respect.. aontIng records were not kept in respect of the Charity as required by section 386 of the Companies Act 2006. th6 financial statements do not accord wlth those re¢ords- or the financlal statements do nol comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financlal statements give a true and fair view, which is not a matter considered as part of an ind8pend6nt examination. or the financial statements have not been prepared in accordance wilh the methods and prlnciples of the statement of Recommended Practice for accounting and reporting by charities applicable to charilies preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland (FRS 102). I have no concerns and have come across no olher matters in connection with the examination to which attention should b& drawn in this report in order to enable a proper understanding of the financial statemenls to be reached. D W Farebrother BSC (Hon8) BFPACA Kendall Wadley LLP Granta Lodge 71 Graham Road Malvem Worceslershire WR14 2JS Dated: 10 December 2025
HEREFORDSHIRE HEADWAY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Current financlal year Unrestricted Unrestricted funds funds general Designated 2025 2025 Restrlcted funds Total Totsl 2025 2026 2024 Note8 Income from: Donations and legacies Charitable activitles Investments 42,801 135,112 5,420 42,801 135,112 5,420 126,527 130,872 3,767 Total Income 183,333 183,333 281,186 Expendlture on: Raising fvnds Charitable activities 22,786 228,975 22,788 238,766 9,283 236,716 9,791 Total expendlture 251,761 9,791 261,552 245,999 Net in¢omol{oxpenditure} (68,428) (9,791) (78,219) 15,167 Transfers beeen funds 12 (19,379) 144,322 (124,943) Net movement in funds (87,807) 144,322 {134,734) (78,219) 15,167 Reconclllation of funds: Fund balances at 1 Aprll 2024 286,650 36,470 134,822 457,942 442,775 Fund balances at 31 March 2025 198,843 180,792 88 379,723 457,942
HEREFORDSHIRE HEADWAY STATEMENT OF FINANCIALACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Priorfinan¢ial year Unrestrlcted Unrestrictsd funds funds general Deslgnated 2024 2024 Restricted funds Total 2024 2024 Notes Income from: Donations and legacles Charitable activities Investments 68,006 130,872 3,767 58,521 126,527 130,872 3,767 Total income 202,645 58,521 261,166 Expendituro on: Raislng funds Charitable activities 9,283 185,804 9,283 236,716 50,912 Total expenditure 195,087 50,912 245,999 Net income and movement In funds 7,558 7,609 15,167 Reconciliation of funds: Fund balances at 1 April 2023 279,092 36,470 127,213 442,775 Fund balances at 31 March 2024 286,650 36,470 134,822 457,942
HEREFORDSHIRE HEADWAY
BALANCE SHEET
AS AT 31 MARCH 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible assets | 13 | 174,792 | 165,224 | ||
| Current assets | |||||
| Debtors | 14 | 20,541 | 19,486 | ||
| Cash at bank and in hand | 217,367 | 283,221 | |||
| 237,908 | 302,707 | ||||
| Creditors: amounts falling due within | 15 | ||||
| one year | (32,977) | (9,989) | |||
| Net current assets | 204,931 | 292,718 | |||
| Total net assets | 379,723 | 457,942 | |||
| Income funds | |||||
| Restricted funds | 17 | 88 | 134,822 | ||
| Unrestricted funds - general | |||||
| Designated funds | 180,792 | 36,470 | |||
| General unrestricted funds | 198,843 | 250,180 | |||
| 379,635 | 286,650 | ||||
| 379,723 | 457,942 |
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 2025.
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 director acknowledges his 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 10 December 2025
P. H. Harper Trustee
-7-
HEREFORDSHIRE HEADWAY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcles Charlty Information Herefordshire Headway is a private company limited by guarantee and a charily registered in England and Wales. The registered office is Headway House, Trenchard Avenue, Credenhill, Hereford, Herefordshlre, HR4 7DX. 1.1 A¢counting ¢onvention Thé financlal slatemenls have been prepared In ac¢ordan¢e wllh the Charily's Memorandum and Artl¢les of Association, the Companies Act 2006, the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 102) and "Accounting and Reporting by Charit16s.' Statement of Recommended Practice appllcable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS 102) (effective 1 January 2019)" The Charity is a Public Beneflt Entlly as defined by FRS 102. The Charity has taken advantage of the provislons in the SORP for charitles applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functlonal currency of the Charity. Monetary amounts in these flnanclal statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounling policies adopted are set out below. 1.2 Golng 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 foreseeabl8 future and that there are no matertal UnrtaInlieS about its ability to continue. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the flnanclal statements. 1.3 Charftable fund8 Unrestricted funds are available for use at the discrelion of the Trustees in furtherance of their charitable objectives. Deslgnated funds comprise funds which have been set aside al the dlscretlon of Ihe Trustees for specifi¢ purposes, The purpos8s and us6s of the designated funds are set out in the notes to the finan¢lal stalemenls. 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 lo Ihe financial statemenls. 1.4 Income Income Is recognised when the Charlty is legally entitled to it after any performance condltions have been met, the amounts Can be measured reliably, and It is probable that Income wlll be recelved. Cash donalions are recognised on recelpt. Other donalions are recognlsed once the Charity has been notified of the donation, unless perfomiance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at Ihe time of the donation. Legacies are recognlsed on receipt or otherwise If the Charlty has been notlfied of an Impendlng dislflbutlon, the amount is known, and receipt is expected. If the amount is nol known, the legacy Is treated as a conlingent asset.
HEREFORDSHIRE HEADWAY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting poll¢ies (Continued) 1.5 Expenditure Liabilities are recognlsed by the charity Whe a contractual obligation exisls or for goods SeiceS received that have not been invoiced. Expenditure is allocated to funds in accordance with the nature of activity to which that expendibjre relates. Staff costs are allocated to the relevant funds on a tlme spent basis. 1.6 Tangible fixed assets Tangible fixed assets are Initlally measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreclalion is r6cognised so as to wrile off the cost or valuation of assets less their residual values over their useful lives on the following bases: Freehold Land and buildings Improvements to freehold property Greenhouse and kiln Fixtures, fittings & equipment Computers 50/0 Slralght Line 50/0 Slraight Line 1 00/0 Stralght Line 33.30/0 Straight Line The gain or loss arising on the disposal of an asset is determined as the difference between the sale pro¢e&ds and the carrylng value of the asset, and Is recognlsed in thè statement of financlal activltles. 1.7 Impalrment of fixed assets At each reporting end date, the Charity reviews Iho carying amounls of Its tangibl6 assets to determlne whether there Is any indlcalion thal those assets have suffered an Impaimient loss. If any such indcation exists, the recoverabl6 amount of the asset is estimated in order to determine the extent of the impalrment loss (If any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand and deposits held al call with banks. 1.9 Finan¢lal Instruments The Charity has elected to apply the provisions of SeGtion 11 'Basic Flnanclal Instwments, and Section 12 'Other Flnancial 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 instrumenl. Financlal assets and liabilities are offset, with the net amounts presenled in the financial statements, when there Is a legally enforceabl& right to set off the recognised amounts and there is an intention to settle on a nel basis or to realise the asset and settle the liability simultaneously, Basi¢ financlal assets Baslc financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including Iransaction costs and are subsequently carried at amortised cost using the effectlve inlerest. Financlal assels classified as recelvable wlthin one year are not amortised.
HEREFORDSHIRE HEADWAY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ounting poll¢ies (Continued) Basic financlal liabilities Baslc financlal Ilabillties, including creditors and bank loans are Initially recognised at transaction prlce. Financial liabilities classified as payable within one year ar6 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 liabililies if payment is due within one year or less. If not, they are presented as non-¢urrent Ilabllltles. Trade creditors are recognised inltially at Iransactlon prlG@ and subsequ6ntly measured at amortlsed cost using the effe¢tlve Interest method. Derecognldon of flnanclal Ilabllltles Financial liabilities are derecognised when the Charity's contractual obllgatlons expire or are dlscharged or cancelled. 1.10 Employee benefits Termination beneffls are recognised immediately as an expense when the Charity is demonstrably committed to teminale the employment of an employee or to provide termination benefits. 1.11 Retlrement beneflts Payments to defined contribution r8tlrement benefit schemes are charged as an expense as Ihey fall due. 1.12 Lease$ Rentals payable under operating leases, including any lease incentives recelved, are charged as an axpense on a straight line basis over the temi of the relevant lease. Critical accountlng ostlmatss and judgements In the applicalion of Ihe Charity's accounting policies, the Trustees are required to make judgement5, estimates and assumptions about the carrylng amount of assets and liabilities that are not readily apparent from olher sources. The estlmates and assoclated assumptlons are based on historical experience and other factors Ihal are considered to be relevant. Actual results may dlffer from these estimates. The eslimales and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in Ihe period in which the eslimale is revised wh6re th8 r6vision affects lY that period, or in the period of the revision and fulure periods where the revision affects both current and future periods. 10-
HEREFORDSHIRE HEADWAY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Donations and lega¢le$ Unrestrictsd Restrlctsd funds funds Total 2025 Totsl 2024 general Donations and glfts Grants Membership fees 12,851 29,000 950 12,851 29,000 950 16,711 109,021 795 42,801 42.801 126,527 Forthe year ondod 31 March 2024 68,006 58,521 126,527 Included abovo are grants received from: Masonlc Arrow Bemard Sunley Foundations E F Bulmer Trust Thé Eveson Trust C(Fop Local Community Fund Jordans Trust The Mainfold Charity Hereford Lions Club The Clothworkers, Foundallon Lollery- Slay Welvstay Safe 500 5,000 7,500 7,500 30,000 3,435 20,000 20,000 1,500 20,000 1.500 1,000 15,000 34,086 29,000 29,000 109,021 Charitable a¢tlvltle$ Unrestrictsd Unrestricted funds funds 2025 2024 Daily allendance income seICes provlded under contract Ancillary trading income Formal Licence Agreemenl Income 52,611 54,305 22,457 5,739 47,000 69,473 8,742 5,657 135,112 130,872 11
HEREFORDSHIRE HEADWAY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from Investh)ents Unrestrlcted Unrestrlcted funds funds 2025 2024 Interest receivable 5,420 3,767 Raising funds 2026 2024 raisi Staging fundraising events Staff costs on 7,573 15.213 9,283 Fundraising costs of grants and donations - unrestricted 22,786 9,283 Charitable activitleg 2025 2024 Staff costs Depreciation Subntractor fees Runnlng costs Transport Food Costs Bank charge5 58,028 11,958 35,661 720 171 993 387 84,070 11,950 36,883 1,454 2,697 1,036 297 107,918 138,387 Share of sUPPOrt costs (see note 8) Share of governance costs (see note 8) 108,789 22,059 83,413 14.916 238,766 236,718 Analysis by fund Unreslricted funds - general Restricted funds 228,975 9,791 185,804 50,912 238,766 236,716 12-
HEREFORDSHIRE HEADWAY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs Support Govornanco costs costs 2025 2024 Bas18 of allocation Staff cosls Printing, postage and stationery Heating and lightlng Insurance Water rates Telephone Repairs and renewals Waste and deaning Computer costs Health, safaty and training Sundry expenses 73,233 15,213 88,446 58,603 Time spent 1,504 9,833 8,527 506 2,503 4,622 2,835 2.490 1,504 9,833 8,527 506 2,503 4,622 2,835 2,490 1,243 S8@ 1.5 7,035 7,670 620 3,534 6,346 2,676 2,112 2,531 205 2,531 205 1,778 1,081 Membership and affiliations Legal and professional costs Independent examiners Governance 840 840 815 Governanc8 3,046 3,046 1,878 Governance 2,960 2,960 2,940 108,789 22,059 130,848 98,329 Analysed between Charitable activities 108,789 22,059 130,848 98,329 Trustses None of the Trust88s (or any person5 connected with them) recelved any remuneration or travelllng expenses during the year. Donations of £255 were recelved from trustees without conditions (2024- £NII). 10 Employees The average monthly number of8mployees during the yearwas.. 2025 Number 2024 Number Administration and support Direct services Total 14 12 13-
HEREFORDSHIRE HEADWAY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 l O Employees (Contlnu8d) Employment costs 2025 2024 Wages and salaries Social security costs other pension costs 154,237 5,279 2,171 146,092 3,709 2,155 161,687 151,956 Durfng the year lermlnation payments comprising redundancy, payments in lieu of nolice and hollday pay of £nil (2024- £6,923) wera made. Ofthe 14 (2024- 12} members of staff employed, 1 is full time (2024- 1) and 13 are part time (2024- 11). There were no employees whose annual remuneration was more than £60,000. 11 Taxation The charity is exempt from taxation on its activities becaus8 all its income Is applled for charltable purposes. 12 Transfers In the current year a Iransfer of £124,943 was made from restricted funds to the new designated fixed asset fund and a transfer of £19,379 was also made from unrestricted funds into the designated fixed asset fund. This is to reflect the fart that assets purchased from restricted fund8 have no further restricti on their use within the charitable objectives and creation of a deslgnated fixed asset fund will enable the free reserves of the charity to be more clearly reflected. 14-
HEREFORDSHIRE HEADWAY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Debtors 2025 2024 Amounts falling due withln on8 year: Trade debtors Prepaymenls and accrued income 12,483 8,058 13,922 5.564 20,541 19,486 15 Creditors: amounts falling due withln one year 2025 2024 other taxation and soclal se¢ur6ty Trade creditors Accnjals 4,022 1,975 189 7.825 28,955 32,977 9,989 16 Retlrement ben8flt schemes 2025 2024 Defined Contrlbutlon 8chemes Charg@ to profit or loss in respect of defined contribution schemes 2,171 2,155 The Charity operales a defined contributlon penslon scheme for all quallfylng employees. The assets of th8 scheme are held separately from those of the Charity in an independently adminislered fund. 17 Restricted funds The restricted fvnds of the charity Comprlse Ihe unexpended balances of donalions and grants held on trust subject lo specific conditions by donors as to how they may be used. At 1 Aprll 2024 In¢omlng resourcas Resources axpended Transfers At 31 March 2025 Refurblshmenl buildlng and equlpment Gardenlng fund Workshop Tools Refurblshmenl Equlpment Groundwork UK Landscaping Fund Replacement Pottery Klln National Emergency Trust DCMS fund 114,862 2,640 280 6,283 (7,350) (240) (107,512) (2,400) (280) (4,805) (1,478) 8,252 2,417 (814) (109) (7,638) (2,308) 88 88 134.822 (9.791) (124,943) 88 16-
HEREFORDSHIRE HEADWAY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Restricted funds (Continued} Prevlous year: At 1 Aprfl 2023 Incomlng resources Resources exponded Transfers At 31 March 2024 Refurbishment building and equipment Gardening fund Workshop Tools R@furbishment Equipment Groundwork UK Landscaplng Fund Lottery Project Replacement Pottery Kiln National Emergency TNst DCMS fund Music Therapy Fund Physpeech Therapy Fund 101,212 2,880 280 7,761 21,000 (7,350) (240) 114,862 2,640 280 6,283 {1,478) 8,868 <614) (34,086) (109) 8,252 34.086 2,528 2,417 88 3,600 88 (3,600} (3,435} 3,435 127,213 58,521 {50,9121 134,822 17-
HEREFORDSHIRE HEADWAY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Restricted funds Icontlnued) Building Refurbishment - This fund représenls grants recelved from The Balley Thomas Charitable Fund, Santander Foundation, Sylvia Waddilove, The Sobell Foundation, Novum Law, The Clothworkers, Foundatlons, Bemard Sunley, Monisons Foundation, ACT Foundation and the Co-op Local community Fund. The aim of these grants Is lo assisl with the costs of improving our premises. This fund also represents grants received from The Bernard Sunley Foundation and The Clolhworkers Foundation, who assisted with the workshop refurbishment. Gardenlng Fund This fund represents a grant received from Jules Thome and Gillian Bulmer. The aim of these grants Is to asslst wlth the Costs of improving Ihe garden equipment, in particular the greenhouse. Workshop Tools Fund - This fund represents a grant received from the Ci>op Community. The alm of thls grant is to assist with the cosls of acquiring new tools for the workshop. Refurblshment Equlpment Fund - This fvnd represents grants received from the Hedley Foundation, Beatrice Laing, Bernard Sunley, Childwick Trust and Rowland Trust. The aim of these grants is to assist wlth the Cost of acquiring equipment for th8 refurbished therapy suite and day care areas. Groundwork UK Landscaping Fund This fund represents grants received from Tesco, and also the Co-op Local Communily 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 communilies at home and in thelr own environment8, self-reliance and resilience being the core goal. Replacement Poltery Klln - This fund represents a grant received from the Sylvia Waddllove Foundation UK. The aim of this grant is to assist wlth the "Klln Work" project. National Emergency Trust DCMS fund - IT Equlpment Thls fund represents a grant receiv8d via The Herefordshire Community Foundation. The alm 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 servlces. Physpeech Therapy Fund - represents a granl recelved from the Co-op Local Community Fund to support the cost of speech therapy. 18-
HEREFORDSHIRE HEADWAY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Unrestrictsd funds - Deslgnated These are unrestricted funds which are malerfal to Ihe Charity's activities. At 1 Aprfl 2024 Transfors At 31 March 2025 Bullding R@furbishment Headway House Deslgnated Fix8dAsset Fund 6,000 30,470 6,000 30,470 144,322 144,322 36,470 144,322 180,792 Prevlous year: At 1 Aprll 2023 Transfers At 31 March 2024 Building Refurbishment Headway House 8,000 30,470 6,000 30,470 36,470 36,470 Buildlng refurbishment - this fund represents granls received in 2018 from the Masonic Charltable Foundation Community Awards. This has been set aside for the costs of improving our premises. Headway House - in 2019 Headway House was transferred to a deslgnaled fixed asset fund. Thls has been set aslde lo more clearly present the free reserves of the charlty, Deslgnated fixed asset fund - in 2025 all other fixed assets were Iransferred to a designated fixed asset fund. This has been sel aside to more clearly present the free reserves of Ihe charity. 19 Analysis of net assets between fund8 Unrestricted Unrestrfctsd funds funds genoral 202S Restrl¢ted funds Totsl 2025 2025 2025 At 31 March 2025: Tangible assets Current assetsl(liabiliti88) 174,792 6,000 174,792 204,931 198,843 88 198,843 180,792 88 379,723 19-
HEREFORDSHIRE HEADWAY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Analysls of net assets between funds Icontinued) Unrestrl¢ted Unre$tri¢ted fund8 funds ganeral 2024 Restrl¢ted funds Total 2024 2024 2024 At 31 March 2024: Tangible assets Current assetsl(liabilities) 27,625 259,025 30,470 6,000 107,129 27,693 165,224 292,718 286,850 36,470 134,822 457,942 20 Operatlng lease commitments At the reporting end dale the Charity had outstanding commitments for future mlnlmum lease payments under non-cancellable operating leases, which fall due as follows: 2025 2024 WV7thin one year Batween two and five yaars 1,330 4,338 785 1,814 5,668 2,599 The operatlng leases represent leases from Ihlrd parties for the provision of office equipment and other setvices. The leases are negotiated over terms of 5 to 7 years and renlals are fixed for the temi of the lease. There are no oplions in place for either party to exiend the lease temis, The charge included in Ihe statement of financial activities in conneclion with these leases is £1,585 (2024 £1,585). 21 Relatsd party transa¢tlons There were no disdosable related party transacllons durlng the year other than those detailed in note 9 (2024 none}. Remuneratlon of key management personnel Th6 remuneration of key management personnel, considered to be 4 employee8 (2024 - 2) is as follows. 2025 2024 Aggregate compensatlon 80,312 56,229 -20-