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2024-03-31-accounts

Docusign Envelope ID: A092A142-3C48-4574-AD1B-8707800E43EC

Company registration number: 04341309 Charity number: 1094046

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED

31 MARCH 2024

HEADWAY

HERTFORDSHIRE LIMITED (A Company Limited by Guarantee)

Docusign Envelope ID: A092A142-3C48-4574-AD1B-8707800E43EC

HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee)

CONTENTS

Page
Reference and administrative details of the Company, its Trustees and advisers 1
Trustees' report 2 - 8
Trustees' responsibilities statement 9
Independent examiner's report 10
Statement of financial activities 11
Balance sheet 12
Notes to the financial statements 13 - 21
The following pages do not form part of the statutory financial statements:
Charity Detailed income and expenditure account and summaries

Docusign Envelope ID: A092A142-3C48-4574-AD1B-8707800E43EC

HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024

Trustees

D H Gibson, Chair (appointed 25 June 2024) N P Baines G P Bell (resigned 25 June 2024) A Beric M H B Ferguson J Goulde V J Molloy B P St Leger S Woodward

Company registered number 04341309 Charity registered number 1094046 Registered office Suite 3a 30 Bancroft Hitchin SG5 1LA Company secretary A Beric Chief executive officer J Archer Accountants Menzies LLP Chartered Accountants Richmond House Walkern Road Stevenage SG1 3QP

Page 1

Docusign Envelope ID: A092A142-3C48-4574-AD1B-8707800E43EC

HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024

The Trustees present their annual report together with the financial statements of the Company for the year 1 April 2023 to 31 March 2024. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Chairman's foreword

It has been a pleasure to continue in the role of Chairman for Headway Herts for another year and I am always humbled by the incredible efforts of our staff and volunteers who work with our clients in achieving their goals and outcomes. In addition, I am pleased to see we continue to succeed in securing funds, via grants and donations which enable us to provide our excellent services. We have a good success record in grant applications which is testament to the confidence the awarding organisations have in Headway Herts; we are seen as a safe investment.

It is important to note charities of all shapes and sizes have been facing pressures and I believe our flexible and innovative model for services means we are low-cost but high-impact and we remain dynamic and adaptable with a blend of face-toface and online sessions.

Critical to our success is the ability to create and maintain good relationships with stakeholders and influencers which our CEO has mastered.

The following headlines show the levels of activity managed by Headway Herts:

Our clients

Our services

Our Support Coordinators managed:

Page 2

Docusign Envelope ID: A092A142-3C48-4574-AD1B-8707800E43EC

HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee)

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

Chairman's foreword (continued)

Our Occupational Therapist managed: • 164 HABIT attendances

Our Carer Support service managed:

Our Counselling service covered:

Our volunteers provided: • 15 volunteers across the team • Delivered over 1200 hours of volunteering Other activity: Seated Yoga • 130 attendances • 11 attendances at PSGs

SALT (speech and language therapy) Project:

Headway Herts has a very active and vibrant social scene and has held a number of events, open to all, well attended and which generate donations. Highlights include:

We could not achieve the success we do without our brilliant staff and we continued to invest in their learning and development with 111 hours of training undertaken.

Perhaps the best highlight for Headway Herts was the outstanding success of our client, Steff Harvey, who won Achiever of the Year for her heartfelt and beautiful poetry which received high acclaim. We are all rewarded through the success of our clients.

I am confident and optimistic of another successful year ahead. We have all the right attributes: a dedicated team of highly skilled and experienced staff at all levels; wonderful volunteers and supporters; flexible and dynamic ways of working with innovative solutions; and a strong financial position.

Page 3

Docusign Envelope ID: A092A142-3C48-4574-AD1B-8707800E43EC

HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee)

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

Objectives and activities

a. Policies and objectives

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.

Page 4

Docusign Envelope ID: A092A142-3C48-4574-AD1B-8707800E43EC

HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee)

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

Objectives and activities (continued)

b. Strategies for achieving objectives

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.

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.

c. Main activities undertaken to further the Company's purposes for the 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.

Page 5

Docusign Envelope ID: A092A142-3C48-4574-AD1B-8707800E43EC

HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee)

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

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

During 2023/24 the charity made a suprlus of £66,640. A deficit of £50,982 was made in 2022/23.

The total funds as at the year end 31st March 2024 were £123,678 (2023: £57,038).

b. 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.

Structure, governance and management

a. Constitution

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.

b. Methods of appointment or election of 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.

The board remained stable with a strong expertise across a broad set of skills.

Page 6

Docusign Envelope ID: A092A142-3C48-4574-AD1B-8707800E43EC

HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee)

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

Structure, governance and management (continued)

c. Organisational structure and decision-making policies

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-toface 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.

d. 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.

Page 7

Docusign Envelope ID: A092A142-3C48-4574-AD1B-8707800E43EC

HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee)

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

Approved by order of the members of the board of Trustees and signed on their behalf by:

..... .............................. 26B30CFF69FC44F... ............. D H Gibson

Date: 05-Nov-2024

Page 8

Docusign Envelope ID: A092A142-3C48-4574-AD1B-8707800E43EC

HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee)

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on its behalf by:

................................................ 26B30CFF69FC44F. D H Gibson

Date:[05-Nov-2024]

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Docusign Envelope ID: A092A142-3C48-4574-AD1B-8707800E43EC

HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee)

INDEPENDENT EXAMINERS' REPORT

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 31 March 2024.

Responsibilities and basis of report

As the Trustees of the Company (and 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 the Company's accounts 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 the Company'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 ACCA and the 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:

  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.

This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.

Signed:

Signed: Dated: 16-Dec-2024 S L Cuzner FCCA ACA Menzies LLP Chartered Accountants Richmond House Walkern Road Stevenage SG1 3QP

Page 10

Docusign Envelope ID: A092A142-3C48-4574-AD1B-8707800E43EC

HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024

Note
Income from:
Donations and legacies
2
Charitable activities
3
Investments
4
Total income
Expenditure on:
Charitable activities
5
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2024
£
38,400
-
-
38,400
-
-
38,400
27,635
38,400
66,035		 Unrestricted
funds
2024
£
360,149
6,065
1,665
367,879
339,639
339,639
28,240
29,403
28,240
57,643		 Total
funds
2024
£
398,549
6,065
1,665
406,279
339,639
339,639
66,640
57,038
66,640
123,678		 Total
funds
2023
£
266,350
7,018
665
274,033
325,015
325,015
(50,982)
108,020
(50,982)
57,038

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

The notes on pages 13 to 21 form part of these financial statements.

Page 11

Docusign Envelope ID: A092A142-3C48-4574-AD1B-8707800E43EC

HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee) REGISTERED NUMBER: 04341309

BALANCE SHEET AS AT 31 MARCH 2024

2024 2023
Note £ £
Debtors 9 330 2,222
Cash at bank and in hand 134,694 65,673
135,024 67,895
Creditors: amounts falling due within one year (11,346) (10,857)
10
Total net assets 123,678 57,038
Charity funds
Restricted funds 11 66,035 27,635
Unrestricted funds 11 57,643 29,403
Total funds 123,678 57,038

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

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

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

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

............................... ................. D H Gibson

05-Nov-2024 Date:

The notes on pages 13 to 21 form part of these financial statements.

Page 12

Docusign Envelope ID: A092A142-3C48-4574-AD1B-8707800E43EC

HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee)

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

1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Headway Hertfordshire Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

1.2 Going concern

The financial statements have been appropriately prepared on a going concern basis.

1.3 Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

1.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

1.5 Financial instruments

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Page 13

Docusign Envelope ID: A092A142-3C48-4574-AD1B-8707800E43EC

HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee)

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

1. Accounting policies (continued)

1.6 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

2. Income from donations and legacies

Donations
Grants		 Restricted
funds
2024
£
-
38,400
38,400		 Unrestricted
funds
2024
£
44,150
315,999
360,149		 Total
funds
2024
£
44,150
354,399
398,549		 Total
funds
2023
£
41,216
225,134
266,350

3. Income from charitable activities

Unrestricted Total Total
funds funds funds
2024 2024 2023
£ £ £
Income from charitable activities 6,065 6,065 7,018

4. Investment income

Unrestricted Total Total
funds funds funds
2024 2024 2023
£ £ £
Investment income 1,665 1,665 665

Page 14

Docusign Envelope ID: A092A142-3C48-4574-AD1B-8707800E43EC

HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee)

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

5. Analysis of expenditure on charitable activities

Summary by fund type

Restricted
funds
2024		 Unrestricted
funds
2024		 Total
2024		 Total
2023
£ £ £ £
Direct costs - 339,639 339,639 325,015

6. Independent examiner's remuneration

2024 2023
£ £
Fees payable to the Company's independent examiner for the independent
examination of the Company's annual accounts 810 675

7. Staff costs

2024
£
Wages and salaries
264,870
264,870
The average number of persons employed by the Company during the year was as follows:
2024
No.
Staff
9		 2023
£
270,961
270,961
2023
No.
9

No employee received remuneration amounting to more than £60,000 in either year.

8. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL) .

During the year ended 31 March 2024, no Trustee expenses have been incurred (2023 - £NIL) .

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Docusign Envelope ID: A092A142-3C48-4574-AD1B-8707800E43EC

HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee)

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

9. Debtors

Due within one year
2024
£
Trade debtors
80
Prepayments and accrued income
250
330		 2023
£
80
2,142
2,222

10. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 2024
£
5,001
5,312
-
1,033
11,346		 2023
£
4,313
5,150
1,394
-
10,857

Page 16

Docusign Envelope ID: A092A142-3C48-4574-AD1B-8707800E43EC

HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee)

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

11. Statement of funds

Statement of funds - current year

Balance at 1 Balance at 31
April 2023 Income Expenditure March 2024
£ £ £ £
Unrestricted funds
General Funds 21,738 51,880 (339,639) (266,021)
Edward Gostling Foundation - 15,000 - 15,000
HCC 400 185,124 - 185,524
League of Friends 4,200 - - 4,200
The Follet Trust 750 750 - 1,500
The Shanly Foundation 2,315 - - 2,315
KAYE Trust - 89,750 - 89,750
Garfield Weston - 25,000 - 25,000
Tesco - 375 - 375
29,403 367,879 (339,639) 57,643
Restricted funds
Edward Gostling Foundation 3,750 - - 3,750
HCC - Family Project Pilot 5,982 - - 5,982
HCC - Support Coordinator 10,812 - - 10,812
Hospital Saturday Fund 1,755 - - 1,755
NHDC 1,500 1,000 - 2,500
SCT 1,000 - - 1,000
The Shanly Foundation 2,162 - - 2,162
HCF Training 674 9,400 - 10,074
Postcode Places - 25,000 - 25,000
The Hospital Saturday - 2,000 - 2,000
BLCF - 1,000 - 1,000
27,635 38,400 - 66,035
Total of funds 57,038 406,279 (339,639) 123,678

Page 17

Docusign Envelope ID: A092A142-3C48-4574-AD1B-8707800E43EC

HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee)

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

11. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General Funds
Edward Gostling Foundation
HCC
League of Friends
Mr and Mrs Smith
The Follet Trust
The Shanly Foundation
Restricted funds
Edward Gostling Foundation
Clothworkers Foundation
East Herts Council - support worker costs
HCC - Family Project Pilot
HCC - Support Coordinator
Hospital Saturday Fund
NHDC
SCT
The Shanly Foundation
HCF Training		 Balance at
1 April 2022
£
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		 Income
£
-
-
-
4,200
-
750
2,315
7,265
-
-
-
5,982
10,812
1,755
-
-
-
-
18,549
25,814		 Expenditure
£
(33,419)
(2,500)
(29,711)
-
(3,000)
-
-
(68,630)
-
(219)
(1,047)
-
-
-
(3,338)
-
-
(3,562)
(8,166)
(76,796)		 Balance at
31 March
2023
£
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
Total of funds 57,038

Page 18

Docusign Envelope ID: A092A142-3C48-4574-AD1B-8707800E43EC

HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee)

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

12. Summary of funds

Summary of funds - current year

General funds
Restricted funds
Summary of funds - prior year
General funds
Restricted funds		 Balance at 1
April 2023
£
29,403
27,635
57,038
Balance at
1 April 2022
£
90,768
17,252
108,020		 Income
£
367,879
38,400
406,279
Income
£
7,265
18,549
25,814		 Expenditure

£
(339,639)
-
(339,639)
Expenditure
£
(68,630)
(8,166)
(76,796)		 Balance at 31
March 2024
£
57,643
66,035
123,678
Balance at
31 March
2023
£
29,403
27,635
57,038

13. Analysis of net assets between funds

Analysis of net assets between funds - current period

Current assets
Creditors due within one year
Total		 Restricted
funds
2024
£
66,035
-
66,035		 Unrestricted
funds
2024
£
68,989
(11,346)
57,643		 Total
funds
2024
£
135,024
(11,346
123,678

Page 19

Docusign Envelope ID: A092A142-3C48-4574-AD1B-8707800E43EC

HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee)

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

13. Analysis of net assets between funds (continued) Analysis of net assets between funds - prior period

Restricted
funds
2023
£
Unrestricted
funds
2023
£
Current assets
27,635
40,260
Creditors due within one year
-
(10,857)
Total
27,635
29,403
14.
Reconciliation of net movement in funds to net cash flow from operating activities
2024
£
Net income/expenditure for the period (as per Statement of Financial Activities)
66,640
Adjustments for:
Net cash provided by/(used in) operating activities
66,640
15.
Analysis of cash and cash equivalents
Total cash and cash equivalents
16.
Analysis of changes in net debt		 Total
funds
2023
£
67,895
(10,857)
57,038
2023
£
(50,982)
(50,982)
Cash at bank and in hand At 1 April
2023
£
65,673
65,673		 At 31 March
2024
£
65,673
65,673

Page 20

Docusign Envelope ID: A092A142-3C48-4574-AD1B-8707800E43EC

HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee)

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

17. Related party transactions

The Company has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Company at 31 March 2024.

Page 21

Docusign Envelope ID: A092A142-3C48-4574-AD1B-8707800E43EC

HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee)

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024

Income
Donations
Grants
Contributions - workshops
Training
Counselling
Memberships
Peer support
Deposit account interest
Gross income in the reporting period
Less:
Charitable activities
Wages
Telephone
Sundries
Travel and motor expenses
Training
Insurance
Computer costs
Bank charges
Donations and subscriptions
Marketing and fundraising
Printing, postage and stationery
Rent
Other premises costs
Workshops, room hire and volunteer expenses
Fundraising events
Counselling costs
Events and activities
SALT and physio program		 2024
£
44,150
354,399
2,505
850
2,260
450
-
1,665
260,873
4,415
6,261
8,119
1,986
1,536
6,186
60
499
15,903
2,315
3,476
2,087
9,569
2,291
5,322
4,981
2,296		 2024
£
406,279
338,175		 2023
£
41,216
225,134
373
1,700
1,910
480
2,555
665
270,961
4,947
563
5,437
1,777
341
6,980
72
471
2,432
2,828
4,110
2,603
4,282
1,408
5,782
6,202
2,715		 2023
£
274,033
323,911

Page 22

Docusign Envelope ID: A092A142-3C48-4574-AD1B-8707800E43EC

HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee)

INCOME AND EXPENDITURE ACCOUNT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

.
Support costs
Governance costs
Professional fees
Total expenditure
Net income/(expenditure) for the reporting period
Surplus/(Deficit) for the reporting period
Surplus brought forward at 1 April 2023
Surplus carried forward at 31 March 2024
The notes on pages 13 to 21 form part of these financial statements		 2024
£
-
1,464		 2024
£
1,464
339,639
66,640
66,640
57,038
123,678		 2023
£
199
905		 2023
£
1,104
325,015
(50,982)
(50,982)
108,020
57,038

Page 23