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2023-03-31-accounts

DocuSign Envelope ID: 6D06E5C1-EB0D-48F2-9E9B-0F83CF4F3722

REGISTERED COMPANY NUMBER: 04341309 (England and Wales) REGISTERED CHARITY NUMBER: 1094046

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

HEADWAY HERTFORDSHIRE LIMITED

Menzies LLP Richmond House Walkern Road Stevenage Hertfordshire SG1 3QP

DocuSign Envelope ID: 6D06E5C1-EB0D-48F2-9E9B-0F83CF4F3722

HEADWAY HERTFORDSHIRE LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

----- Start of picture text -----
Page
Reference and administrative details 1
Report of the trustees 2 to 8
Independent examiner's report 9
Statement of financial activities 10
Statement of financial position 11 to 12
Notes to the financial statements 13 to 19
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DocuSign Envelope ID: 6D06E5C1-EB0D-48F2-9E9B-0F83CF4F3722

HEADWAY HERTFORDSHIRE LIMITED

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31ST MARCH 2023

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Trustees G P Bell
V Molloy
B St Leger
A Beric
N Baines
S Woodward
M H Ferguson
J Goulde (appointed 21/3/23)
Company secretary A Beric
Registered office Suite 3a
30 Bancroft
Hitchin
Hertfordshire
SG5 1LA
Registered company number 04341309 (England and Wales)
Registered charity number 1094046
Independent examiner Menzies LLP
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP
Bankers CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
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Page 1

DocuSign Envelope ID: 6D06E5C1-EB0D-48F2-9E9B-0F83CF4F3722

HEADWAY HERTFORDSHIRE LIMITED (REGISTERED NUMBER: 04341309)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Chairman's Foreword

I am delighted to comment on the ongoing success of Headway Hertfordshire which, through our dedicated staff, volunteers and trustees continues to provide valuable services to our clients. We remain adaptable to ever changing needs and we are pleased to be able to offer innovative solutions and flexibility in our approach. We are able to respond fast when a need is identified and we foster strong ongoing relationships with our clients to help them and their families achieve their goals and desired outcomes.

Like many small charities, our main challenge is to ensure we have a strong pipeline of funding through grants and donations. We want to have confidence we can continue to provide our current portfolio of services but also to develop and grow so we can offer additional services where needed. Our targeted fundraising does give us a level of financial security but we know we need to maintain and improve upon this position.

Every year our strategic funding has been complemented by a whole host of initiatives and events, which are only possible with the involvement of people from across the county.

In making my comments I want to offer a note of heartfelt gratitude to everyone associated with Headway Hertfordshire. Through a blend of Zoom and in person meetings we have been able to optimism our client facing time. The following are headlines of our achievements:

Page 2

DocuSign Envelope ID: 6D06E5C1-EB0D-48F2-9E9B-0F83CF4F3722

HEADWAY HERTFORDSHIRE LIMITED (REGISTERED NUMBER: 04341309)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

We have continued to maintain excellent relationships with local stakeholders, Hertfordshire County Council, MIND and the Stroke Association. We have welcomed back a previous trustee and have interest from potential new trustees and our current board of trustees adds value with the wealth of skills and knowledge they bring.

I remain committed to Headway Hertfordshire and confident of another successful year ahead. I feel certain we will meet the challenge of maintaining a strong funding stream and I am looking forward to helping the charity develop and grow.

G P Bell Chair of Trustees October 2023

Page 3

DocuSign Envelope ID: 6D06E5C1-EB0D-48F2-9E9B-0F83CF4F3722

HEADWAY HERTFORDSHIRE LIMITED (REGISTERED NUMBER: 04341309)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

Objectives and activities Objectives and aims

Background

Anyone can acquire a brain injury at any time in their lives. People with an acquired brain injury often experience: o Anxiety, depression, loss of motivation, difficulty controlling anger, and impulsivity

o Problems with memory, attention and concentration, low tolerance of noisy or stressful environments, loss of insight and initiative.

o Loss of co-ordination, muscle rigidity, paralysis, epilepsy, difficulty in speaking, loss of sight, smell or taste, fatigue, and sexual problems.

o Relationship difficulties with family and friends, which can be placed under immense strain. Relatives report that the ten most difficult problems are personality changes, slowness, poor memory, irritability, bad temper, tiredness, depression, tension and anxiety, rapid mood changes, and threats of violence.

o Longer term impacts on their ability to return to their previous level of function and quality of life. This includes their ability to attain, or retain, employment or education.

Members of the Hertfordshire ABI Steering Group estimate that 5000 people suffer a traumatic or acquired brain injury in the county every year. Of these, approximately 2500 would fall within the remit of our work.

Our charity's purposes as set out in the company's Memorandum of Association are to:

Relieve persons who are over 18 and resident in Hertfordshire who have suffered a brain injury, their families, carers and other related professionals by the provision of such information, service and facilities as the trustees from time to time determine.

Headway Hertfordshire's Vision

Currently, Headway Hertfordshire works with approximately 270 people each year and our aim is to expand our reach a support more people in the years ahead.

To achieve our aim we will:

o Look to activate chargeable services wherever possible whilst being understanding of our clients' unique situations, ability to pay and the timings of any financial contribution.

o Make our charity more attractive to new investors and sponsors, showing them clearly the difference we make to people's lives who are affected by a brain injury.

o Develop our approach to driving and maximizing our fundraising channels.

o Improve our visibility and become known as the organisation of choice in Hertfordshire for those with a brain injury who need expert support, education and encouragement.

o Develop and launch new services that reflect the identified needs of our clients and will include a Family support programme, a Physiotherapy programme and a SALT (Speech And Language Therapy) programme.

We will, of course, focus on having policies and procedures that meet any relevant legislative changes and enhance our service delivery quality standards.

Our vision statement:

To be the support organisation of choice for all those over 18 affected by an acquired brain injury living in Hertfordshire.

Our mission statement:

To promote awareness and understanding of all aspects of an acquired brain injury and to provide information, support and services to people with an acquired brain injury, their families and carers in Hertfordshire.

Page 4

DocuSign Envelope ID: 6D06E5C1-EB0D-48F2-9E9B-0F83CF4F3722

HEADWAY HERTFORDSHIRE LIMITED (REGISTERED NUMBER: 04341309)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

Objectives and activities

Objectives and aims (continued)

Our core values and purposes:

Professional

We run Headway Hertfordshire as a sustainable charitable business, managing our finances and services responsibly and in the best interests of those who use our services.

Friendly

We are approachable, friendly and offer a safe, comfortable community of support where people feel welcomed, accepted and understood.

Client focused

We deliver accessible, tailored services and respond to the clearly defined individual needs, circumstances and views of our clients and are primarily accountable to them.

Respectful

We respond to our clients and colleagues as valued human beings, treating them with dignity and respect. Whilst we recognise each person as unique, we seek to promote equality of access in the wider community.

Public benefit

The trustees have complied with the duty in section 4 of the Charities Act 2011 and have regard to the public benefit guidance as issued by the Charity Commission as shown in the objectives above.

We have referred to the guidance on public benefit when reviewing our aims and objectives and in planning our future activities in particular, the Trustees consider how planned activities will contribute to the aims and objectives that they have set.

This public benefit statement forms the basis for all judgements regarding operational reports to the Board meetings, in order to be reassured that the facilities and services currently managed by the charity continue to meet these criteria. At these meeting, the Financial Controller also presents the quarterly financial position including taking account of any restricted funds and the Charity's status as a going concern.

Financial review

Financial position

During 2022/23 the charity made a deficit of £50,982. A deficit of £92,631 was made in 2021/22.

The total funds as at the year end 31st March 2023 were £57,038 (2022: £108,020).

Reserves policy

The board of trustees determined that the reserves should be maintained at a level which ensures that Headway Hertfordshire's core activity could continue during a period of unforeseen difficulty. The trustees examined the charities requirements for reserves in the light of main risks to the organisation and established a policy whereby the unrestricted funds, not committed, should be three months of expenditure. The board of trustees reviews their reserves policy annually. Current unrestricted reserves held cover the reserves policy.

Page 5

DocuSign Envelope ID: 6D06E5C1-EB0D-48F2-9E9B-0F83CF4F3722

HEADWAY HERTFORDSHIRE LIMITED (REGISTERED NUMBER: 04341309)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

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.

The organisation is a charitable company limited by guarantee, incorporated on 17th December 2001 and registered as a charity on 4th October 2002. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under Articles of Association.

Recruitment and appointment of new trustees

The directors of the company are also charity trustees for the purposes of charity law. Under the arrangements agreed at the last AGM, trustees can serve for three terms of three years.

All members of the trustee board give their time voluntarily and receive no benefits from the charity. Any expenses claimed from the charity are set out in note 7 of the accounts.

The trustee board seeks to ensure that the needs of the beneficiary group are appropriately reflected though the diversity of the trustee body and ensures that at least one service user sits on the board at any one time.

The more traditional business skills are well represented on the board. In an effort to maintain this broad mix, trustees are required to provide a list of their skills and to update it each year. In the event of particular skill shortage, new individuals are approached to offer themselves for election to the board.

In the 2022/23 financial year no board members resigned. F. Anwar has been retained by the board as a special advisor on brain injury matters. One new trustee joined the board (J. Goulde). The board otherwise remained stable with a strong expertise across a broad set of skills.

Page 6

DocuSign Envelope ID: 6D06E5C1-EB0D-48F2-9E9B-0F83CF4F3722

HEADWAY HERTFORDSHIRE LIMITED (REGISTERED NUMBER: 04341309)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

Structure, governance and management

Organisational structure

At the start of 2022/23 Headway Hertfordshire employed ten staff (a full time chief executive, three support coordinators (one full and two part time) four occupational therapists (one full time and three part time), a part time office manager, a finance manager for one day a week. Their work was supported by a core team of six freelance counsellors and 10 excellent volunteers.

The Chief Executive, John Archer, has now been in post since November 2016 and continues to support, re-organise and strengthen the front line team whilst concentrating on ensuring adequate resources are in place and the name and positive reputation of Headway Hertfordshire is well known and appreciated throughout the county.

Our service delivery model

Post the Pandemic our delivery model has evolved to create a mix of virtual and face-to-face interactions with our clients and carers. We continue to risk assess the best way to meet each individual client's needs to create the best mix of face-to-face meetings either at a client's home, in community group settings, through virtual communications such as Zoom and by email and telephone.

o Referrals to Headway Hertfordshire can be made by health or social service professionals, family members or clients themselves.

o After initial triage by our office manager, initial referrals go to our support coordinators, following discharge from acute or community NHS treatment or care or through self-referrals from our website or a local GP, Link workers, Community Navigators or a Social Worker via social prescribing

o Our support coordinators provide information and advice, including self-help materials about brain injury and how to cope with the various effects, understanding the care pathway in Hertfordshire and how to access relevant statutory and voluntary sector services.

o We signpost to speech therapists and physiotherapists, Hertfordshire's NHS Acquired Brain Injury team and local voluntary organisations, throughout the county.

o We provide counselling via face to face, telephone or Zoom calls to clients and or carers, where required and if funding is available.

o Regular contact calls are made via telephone or Zoom by our support coordinators or our pastoral care volunteer where clients and/or carers require 1:1 support.

o We run both virtual and face to face rehabilitation group sessions for clients which provide a break for carers. Sessions include exercises to improve memory and reduce stress through art, music and physical activities. o We run regular Carers' Education Groups via Zoom conference calls to help carers understand brain injuries and the effects this may have on their loved one.

o We offer peer support activities, throughout the county. These are facilitated our support coordinators supported by volunteers, many of whom have lived experience or have had a brain injury themselves and take place in a variety of community settings

o Approximately 30% of clients, working directly with our occupational therapists (OTs) , will be supported onto our HABIT programme, which is designed to help people with a brain injury understand their injury, deal with the affects and prepare for work, training, volunteering or other meaningful activity.

o Our OTs undertake cognitive and mood assessments, using ACE, COPM and LIKERT scales and cognitive screening to check suitability/ motivation. They help clients signed up to the HABIT programme to set goals and score their achievements via either virtual group sessions or face to face enhanced 1-2-1 meetings.

o Our OTs support user-led training and peer support work and provide education about brain injury and its effects and rehabilitation workshops - e.g. dealing with fatigue, memory and life skills development.

o Clients on the HABIT programme are supported to access meaningful occupation e.g. volunteering, paid employment, training or physical activities.

Page 7

DocuSign Envelope ID: 6D06E5C1-EB0D-48F2-9E9B-0F83CF4F3722

HEADWAY HERTFORDSHIRE LIMITED (REGISTERED NUMBER: 04341309)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

Structure, governance and management

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The risk register is reviewed and amended on an ongoing basis.

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

18-Oct-2023

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

....................................................................... G P Bell - Trustee

Page 8

DocuSign Envelope ID: 6D06E5C1-EB0D-48F2-9E9B-0F83CF4F3722

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HEADWAY HERTFORDSHIRE LIMITED

Independent examiner's report to the trustees of Headway Hertfordshire Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2023.

Responsibilities and basis of report

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

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

Independent examiner's statement

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

S L Cuzner FCA

Menzies LLP Richmond House Walkern Road Stevenage Hertfordshire SG1 3QP

18-Oct-2023 Date: .............................................

Page 9

DocuSign Envelope ID: 6D06E5C1-EB0D-48F2-9E9B-0F83CF4F3722

HEADWAY HERTFORDSHIRE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST MARCH 2023

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
201,775
Other trading activities
4
7,018
Investment income
5
665
Total
209,458
EXPENDITURE ON
Charitable activities
6
Cost of charitable activities
270,823
NET INCOME/(EXPENDITURE)
(61,365)
RECONCILIATION OF FUNDS
Total funds brought forward
90,768
TOTAL FUNDS CARRIED FORWARD
29,403		 Restricted
funds
£
64,575
-
-
64,575
54,192
10,383
17,252
27,635		 2023
Total
funds
£
266,350
7,018
665
274,033
325,015
(50,982)
108,020
57,038		 2022
Total
funds
£
203,710
6,787
21
210,518
303,149
(92,631)
200,651
108,020

The notes form part of these financial statements

Page 10

DocuSign Envelope ID: 6D06E5C1-EB0D-48F2-9E9B-0F83CF4F3722

HEADWAY HERTFORDSHIRE LIMITED (REGISTERED NUMBER: 04341309)

STATEMENT OF FINANCIAL POSITION 31ST MARCH 2023

Unrestricted
funds
Notes
£
CURRENT ASSETS
Debtors
10
2,222
Cash at bank
38,038
40,260
CREDITORS
Amounts falling due within one year
11
(10,857)
NET CURRENT ASSETS
29,403
TOTAL ASSETS LESS CURRENT LIABILITIES
29,403
NET ASSETS
29,403
FUNDS
13
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
27,635
27,635
-
27,635
27,635
27,635		 2023
Total
funds
£
2,222
65,673
67,895
(10,857)
57,038
57,038
57,038
29,403
27,635
57,038		 2022
Total
funds
£
30,805
88,883
119,688
(11,668)
108,020
108,020
108,020
95,606
12,414
108,020

The charitable company is entitled to exemption from audit under Section 479A of the Companies Act 2006 relating to subsidiary charitable companies for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 11

DocuSign Envelope ID: 6D06E5C1-EB0D-48F2-9E9B-0F83CF4F3722

HEADWAY HERTFORDSHIRE LIMITED (REGISTERED NUMBER: 04341309)

STATEMENT OF FINANCIAL POSITION - continued 31ST MARCH 2023

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

The financial statements were approved by the Board of Trustees and authorised for issue on 18-Oct-2023 ............................................. and were signed on its behalf by:

............................................. G P Bell - Trustee

The notes form part of these financial statements

Page 12

DocuSign Envelope ID: 6D06E5C1-EB0D-48F2-9E9B-0F83CF4F3722

HEADWAY HERTFORDSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Headway Hertfordshire Limited is an incorporated charity registered in England and Wales. The charity registration number, together with the principal address, can be found within the reference and administrative details on page 1.

2. 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 financial statements have been prepared on a going concern basis.

Critical accounting estimates and judgements

No significant judgements or estimates have had to be made by the trustees in preparing these financial statements.

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.

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 have been allocated to activities on a basis consistent with the use of resources.

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.

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.

Page 13

DocuSign Envelope ID: 6D06E5C1-EB0D-48F2-9E9B-0F83CF4F3722

HEADWAY HERTFORDSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023

2. ACCOUNTING POLICIES - continued

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.

3. DONATIONS AND LEGACIES

Donations
Grants
4.
OTHER TRADING ACTIVITIES
Contributions - workshops
Training
Counselling
Memberships
Peer support
5.
INVESTMENT INCOME
Deposit account interest		 2023
£
41,216
225,134
266,350
2023
£
373
1,700
1,910
480
2,555
7,018
2023
£
665		 2022
£
37,642
166,068
203,710
2022
£
228
1,700
3,245
570
1,044
6,787
2022
£
21

Page 14

DocuSign Envelope ID: 6D06E5C1-EB0D-48F2-9E9B-0F83CF4F3722

HEADWAY HERTFORDSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023

6. CHARITABLE ACTIVITIES COSTS

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||||| |---|---|---|---| |Direct|Support| |Costs|costs|Totals| |£|£|£| |Cost of charitable activities|323,911|1,104|325,015|

----- End of picture text -----

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st March 2023 nor for the year ended 31st March 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st March 2023 nor for the year ended 31st March 2022.

8. STAFF COSTS

The average monthly number of employees during the year was as follows:

----- Start of picture text -----
|||| |---|---|---| |2023|2022| |Administration and support|9|9|

----- End of picture text -----

No employees received emoluments in excess of £60,000.

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

----- Start of picture text -----
||||| |---|---|---|---| |Unrestricted|Restricted|Total| |funds|funds|funds| |£|£|£| |INCOME AND ENDOWMENTS FROM| |Donations and legacies|185,460|18,250|203,710| |-| |Other trading activities|6,787|6,787| |Investment income|21|-|21| |Total|192,268|18,250|210,518| |EXPENDITURE ON| |Charitable activities| |Cost of charitable activities|187,094|116,055|303,149| |NET INCOME/(EXPENDITURE)|5,174|(97,805)|(92,631)|

----- End of picture text -----

Page 15

DocuSign Envelope ID: 6D06E5C1-EB0D-48F2-9E9B-0F83CF4F3722

HEADWAY HERTFORDSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023

9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
funds
£
RECONCILIATION OF FUNDS
Total funds brought forward
90,432
TOTAL FUNDS CARRIED FORWARD
95,606
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Accrued income
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors		 Restricted
funds
£
110,219
12,414
2023
£
80
2,142
2,222
2023
£
4,313
5,150
1,394
10,857		 Total
funds
£
200,651
108,020
2022
£
23,136
7,669
30,805
2022
£
7,115
4,553
-
11,668

12. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
Between one and five years
In more than five years		 2023
£
4,560
18,240
4,560
27,360		 2022
£
2,708
-
-
2,708

Page 16

DocuSign Envelope ID: 6D06E5C1-EB0D-48F2-9E9B-0F83CF4F3722

HEADWAY HERTFORDSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023

13. MOVEMENT IN FUNDS

Unrestricted funds
General funds
Edward Gostling Foundation
HCC
League of Friends
Mr and Mrs Smith
The Follett Trust
The Shanly Foundation
Restricted funds
Edward Gostling Foundation
Clothworkers Foundation
East Herts Council - support worker costs
HCC - familty project piolot
HCC - support coordinator
Hospital Saturday fund
NHDC
SCT
The Shanly Foundation
HCF training
TOTAL FUNDS		 At 1.4.22
£
55,157
2,500
30,111
-
3,000
-
-
90,768
3,750
219
1,047
-
-
-
4,838
1,000
2,162
4,236
17,252
108,020		 Net
movement
in funds
£
(33,419)
(2,500)
(29,711)
4,200
(3,000)
750
2,315
(61,365)
-
(219)
(1,047)
5,982
10,812
1,755
(3,338)
-
-
(3,562)
10,383
(50,982)		 At
31.3.23
£
21,738
-
400
4,200
-
750
2,315
29,403
3,750
-
-
5,982
10,812
1,755
1,500
1,000
2,162
674
27,635
57,038

Page 17

DocuSign Envelope ID: 6D06E5C1-EB0D-48F2-9E9B-0F83CF4F3722

HEADWAY HERTFORDSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023

13. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General funds
Edward Gostling Foundation
Garfield Weston
HCC
James Tudor Foundation
League of Friends
Mr and Mrs Smith
Sir Jules Thorn
Tesco Groundworks
The Follett Trust
The Shanly Foundation
Watford and Three Rivers
Restricted funds
BLCF
Clothworkers Foundation
East Herts Council - support worker costs
HCC - familty project piolot
HCC - festive grant
HCC - support coordinator
HCC - warm spaces
Hospital Saturday fund
NHDC
Postcode Places
HCF training
TOTAL FUNDS		 Incoming
resources
£
47,399
15,000
20,000
99,784
5,000
8,400
-
2,000
1,125
750
2,500
7,500
209,458
2,000
-
-
9,200
400
20,375
3,500
2,000
1,500
25,000
600
64,575
274,033		 Resources
Movement
expended
in funds
£
£
(80,818)
(33,419)
(17,500)
(2,500)
(20,000)
-
(129,495)
(29,711)
(5,000)
-
(4,200)
4,200
(3,000)
(3,000)
(2,000)
-
(1,125)
-
-
750
(185)
2,315
(7,500)
-
(270,823)
(61,365)
(2,000)
-
(219)
(219)
(1,047)
(1,047)
(3,218)
5,982
(400)
-
(9,563)
10,812
(3,500)
-
(245)
1,755
(4,838)
(3,338)
(25,000)
-
(4,162)
(3,562)
(54,192)
10,383
(325,015)
(50,982)

Page 18

DocuSign Envelope ID: 6D06E5C1-EB0D-48F2-9E9B-0F83CF4F3722

HEADWAY HERTFORDSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023

13. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.4.21
£
Unrestricted funds
General and designated funds
90,432
Restricted funds
Restricted funds
110,219
TOTAL FUNDS
200,651
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General and designated funds
192,268
Restricted funds
Restricted funds
18,250
TOTAL FUNDS
210,518		 Net
movement
At
in funds
31.3.22
£
£
5,174
95,606
(97,805)
12,414
(92,631)
108,020
Resources
Movement
expended
in funds
£
£
(187,094)
5,174
(116,055)
(97,805)
(303,149)
(92,631)

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023 (2022 - None).

Page 19