HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee) Company registration number: 04341309 Charity number: 1094046 TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee) Page11
HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee) CONTENTS Page Referen and admlnlstratlve details of the Company, ft8 Tru8tOè8 and advlsers Trustoos. rnport Trust6•s' r•sponsibllitl•8 8tat•mant Indepondant examlnorfs roport Stat•m•nt of flnanelal actlvltl•A 10 11 Balancè shoot 12 Notwa to th• fln•nelal •tat•monts 13-22 Page12
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 2025 Truste85 D H Gibson, Chair lappoint8d 25 Junè 2024) N P Baines G P Bell (resigned 25 June 20241 A Beric M H B Farguson (resi9ned 1 December 2024) J Goulde V J Molloy 8 P Sl Leger S Woodward F Anwar (appointed 17 March 2025) R Fink (appointed 8 July 2025) Company regl8torod Numb•r 04341309 Charlty rn918t•r•d numbèr 1094046 Reglstered offlc• Suite 3a 30 Bancroft Hitchin Herts SG5 1L4 Company s•erètary A Beric Chl•f •x•eutlve officer J Archer Bankern Charities Aid Foundallon Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Indapendont Examlnor Neil Atherton Accountancy SeNices Ltd Rosemount Garden Close Lane Newbury RG14 6PR Page11
HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report tog8th8r wlth the financlal slatemenls of th8 Company for the year 1 April 2024 to 31 March 2025. The Annual Report serves the purposes of both a Trustees, report and a directors, report und8r company law. The Trustees confimi that the AnnL¢al Report and financial statements of ltte charitsble company comply with the current statutory qu1MentS, the requirements of the charitable company's goveming documenl and th8 provisions ofthe Statement of R8commended Pracli&g (SORPI appliGqbla to charities preparing th8ir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 20191. Since the Company qualifies as small under section 382 of thè Companies Act 2006, the Strate9ic Report required of medium and large companies under th8 Companies Act 2006 Istrateglc Report and Directors, Report) Regulations 2013 has b88n omitted. Chalrman's foroword I became Chaiman of the Tfustees in June 2024, a role l am v8ry proud and privileged to hold and fulfil. Prlor to this I was a Volunle6r, attending and supporting two Peer Support Groups and other Headway activilies throughout the County, seeing first- hand the work and benefils our dedicated team provide to our cliént's. Curréntly I still combine my chaim)an role with that of a Volunteer, séeing th8 great and first class work our team, under tho excellent le8dership of our CEO. our full and part time staff and VoluntÈèrg provide, in enhancing thé lives of our cli8nVs. l am v8ry proud of all our team's commitment. trlf d•dication, all th8y achiev8 and the joy, benefits, improvements and enrichment they make to the lives of our client's. Together with my Trustee cA)Ileague's we Iwk forward to supporting the Headway Hertfordshire team in all their activiti88, to ensure continuation of the services the organization provid8S. l am pleased that we continue to succeed in sécuring funds. via grants and donations which enable us to provide our excellent services. Our success record in grant applications has continued during the year, which is testament to the confidence th8 awarding organisations have in Headway Hertfordshira, wè arè seen as a safe inv8slm8nt. Our servlce and business model is flexible, innovative and economic, providing a fimi financlal foundation for Ihe services we provide and for the fulure of the organizalion. A major contribulor to our success is the Ability to create and maintain good relatlonships with stakehold8rs, influencers, authorities and all we deal wilh, which our CEO continues to cultivate and mastér. The following headlines show the levels of activty managèd by Headway Herts: Our clients.. We have 1480 clients on our database. of which 359 are active and cover a range of conditions: 47% stroke victims 33.50A T81 4% Infection 10% Tumour 5.5% Hypoxic We receNed 112 new referrals to which we responded efficiently and speedily Our Serrf1$. 64 attendances to our Carer Education Workshops 2057 attendanS at 10 groups Our Support Coordinators managed: 52 one-to-one sessions 46 assessments +49 home visit assessments 402 contacts via email, phone or text + 117 to professional regarding clients Our Occupational Therapist managed: 129 HABIT attendances by Zoomlworkshop 338 one-tovone sessions g54 contacts via email. phone or text + 446 to professionals regarding Clients Our Carer Support service managed.. 57 one-to-one sessions Page12
HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 954 contacts via email, phone or text Carer Support Groups in 4 locations with 46 attendances Our Counselling seNic£ covered.. 187 sessions of counseS1ing delive to clients or carers 3 x trainee counsellors on placement with us, who are now qualified. New advert being places in colleg8S to attract new trainees, from the new inlake. Our volunteers provided: 18 volunteers across the team D8liv8red over 1500 hours of volunteering Other activity.. Seated Yoga 207 attendances 11 attendances at PSGS SALT {$peach and languag8 therapy) Project: 1 x group with 52 attendances When compared with the previous year. these levels of activity show an increasè ift a majority of the measures, which demonstrates the continued and increasing demand for the ABI services provided by Headway H8rtfordshlr8, togéthér with recognition of our established reputation in successfully deltvering these servic8S. Hèadway Herts has a very active and vibrant social Scene and has held a number of events. open to all, well attended and whlch generate donations. Highlights include: Welwyn PSG Xmas Lunch with 21 attende8S St AlbanslHertsmere PSG Xmas Lunch with 22 attendees Spring Social with 25 attendees Museum of Brands trip with 24 joining the trbp 10 Pin Bowling had 128 participants North Hèrts PSG Xmas Lunch with 31 attendees Letchworth PSG Xmas Lunch with 16 attendees East Herts PSG Xmas Lunch with 9 attendees Xm89 Quiz over Zoom had 40 enthusiastic participanls Family Event - One evenl with 9 families attending Volunteer's Celebration The '8ig Step Out, Spin8thon I have mentioned previously our brilliant dedicated team, and we could not achieve the success we do without them. We contlnue to invest in their leaming and development with 248 hours of training undertaken this year, provided by iHasco who provide and manage our training needs. It has been a busy yèar for our team, bul we ar8 all rewarded through the success of our clients and all they achieve in reaching their goals and outcomes. In common with other Charities. Headway Hertfordshire has and will face many challenges going forward. Together with an increasing demand for our services, these challenges are unlikely to get easier, but l am satisfied and confid8nt we have put in place the stnjcture, organization, leadership, strong financial position and inilialives. to competently deal with these. ensuring we remain fit for the future and fit to continue, as a sustainable business, providing the requisite service levels to our clients, so they have every opportunity to achieve their goals and outcomes. l am confident and optimistic of another successful y8ar ahead, and I together wilh my Trustee colleagues, look foNiard to supporting the Headway Hertfordshire team to achieve this. Page53
HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 ObJ0CtlvwJ and actlvlti08 a. Pollcle8 and oWctiv•s Anyone can acquire a brain injury at any time in their lives. People wlth an acquired brnin injury often experience.. Anxiety, depresslon, loss of motivation, difficulty controlling anger, and impulsivlty Problems with memory. attention and concentration, low tolerance of noisy or stressful environments, loss of insight and initiative. Loss of co-ordination, muscle rigidlty, paralysls, epilèpsy. difficulty in speakin9,1088 of sight, smell or taste, fatigue. and sexual problems. Relationship difficullies 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 8nd anxiety, rapid mood changes. and threats of violence. Longer tem impacts on Iheir ability to retum to their previous lev81 of fundion and quality of life. This Includes their ability to attain, or retain, employment or education. 'Members of the Hertfordshire ABI Steering Group e$timate that 5000 people suffer a traumatic or acquired brain injury in th8 county every year. Of these, approximalely 2500 would fall wlthin the remlt of our work. Our charlty's purpou• as s•1 out In the company's M•morandum of Assoclatlon are to: Relieve persons who are over 18 and resident in Hertfordshire who have suffered a brain injury. their families, carers and other relatéd professiDnals by the provision of such infomalion. servlce and facilities as the trustees from time lo time detemiine. Hoadway Hortfordshlrn'8 Vlslon Curr8nlly, Headway Hertfordshire works with approximately 270 people each year and our aim is to expand our reach and support more p8opI8 in the yèars ahead. Page14
HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 ObJectIV and actlvltl•8 Iconllnued) b. Stratéglès for aehlèvlng objectives To achieve our alm, wo wjll: Look to activate chargeable seNices wherever possibl8 whilst being understanding of our clients, unique situations. ability to pay and the timings of any financial contribution. Make our charity more attractive lo new inveslors and sponsors. showing them clearly the difference we make to P8ople's Iiv8s who ar8 aff8ct8d by a brain injury. Develop our approach to driving and maximizing our fundraising channels. Improve our visibility and become known as the organisatii)n of choice In H8rtfordshlr8 for those with a brain injury who need expert support, education and encouragement. Dèvelop and launch new SeIce$ that reflect the id8nt4fied needs of our clients and will include 8 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 r818vanl18gislative changes and enhance our S8rvic8 délivéry quality standards. Our vl•lon statement: To be the support organisation of choice for all those over 18 affected by an acquired brain injury living in Hertfordshire. Our ml88lon stalement: To promote awareness and understanding of all aspects of an acquired brain injury and to provid8 infomiation, support and servic8S to people with an acquired brain injury, their families and carers in Hertrordshire. Our cor• v•lu•• and purpos•s: Professional We run Headway Hertfordshire as a sustainable charit8bl8 businass, managing our finances and services responsibly and Sn the best inter8sls of those who use our seNi¢es. Frlendly We are approachable, friendly and offer a safe, comfortable community of support where people feel Vl¢OMed, acc8Pted and undefslood. Client focused We deliver accessible, tailored seNices and respond lo the dearly defined individual needs, circumstances and views of our clients and are primar41y accountable to them. Respecthjl We respond to our clients and colleagues as valued human beings, treating them with dignity and respect. Wlhilst we recognise eath person as unique, we s8ek to promote equality of access in the wider community. c. Maln actlvtties undertakèn to furthèr thè Company's purposes for tho public bonafft The tnjslees have complied with the duty in section 4 of the Charities Act 2011 and have règard to the public b8nefit guidance as issued by Ihe Charity Commission as shown in the objectives above. We have referred to the guidance on public benefit when reviewing our aims and objèctives and in planning our future activities in particular. the Tnjstees consider how planned activities will contributè to the aims and objèctives 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 assured that the facilities and services currently managed by the charity continue to meel these criteria. At these meetings, the Financial Controller also presents the quarterty financial position including taking account of any restricted funds and the Charity's slatus as a going concem. Page15
HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Financial revi•w a. Golng concorn After making appropriate enquiries, Ihe Trustees have a reasonable expectation that thé Company has adequat8 resourS lo continue in operational existence for the foreseeable fulure. For this reason, th8y continue to adopt thè going concem basis in preparing the financial slatements. Further details regarding the adoption of the going concem basis can be found in the accounting policiès. During 2024125 the charity made a deficit of £28.995. A surplus of £66,640 was made in 2023124. The lotal funds as at the yè8r4nd 31st March 2025 were £94,683 {2024'. £123,678). b. Rosorves pollcy The board of trust88s d8t8mined that the reseNes should be maintained al a level which ensures that Hèadway H8rtfordshire's core activity could continue during a period of unfor8se8n difficulty. The twstees examined th8 charities requirements for reseNes in the light of main risks to the organisation and èstablished a policy whereby the unrestricted funds, not committed, should be the months of expenditure. The board of trustees reviews their reserves policy annually. Current unrestricted reserves held covèr the r8s8rv8s policy. Structuro, govornance and manag•m•nt a. con8tu110n The charity is controlled by its gov8ming document, a deed of trust, and LJnstitules a limited company, limited by guarantee, as defined by the Companies Act 2006. The organisation Is a charitabl8 company limlted by 9uarantee, incorpor8t8d on 17th Decmber 2001 and r8gistered 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 cA)mpany and is govèm8d undèr Articb8s of Association. b. M•thods of appolntment or olectlon of Trust••s The directors of th8 company are also charity trustees for the purposès of charity law. Under the arr8ng8ments agreed at the last AGM, trustees can sèrve for Ihree lemis of three years. All members of the trustee board give their time voluntsrily and Ceive no benefits from the charity. Any 8xp8nses daimed from the charity are set out in nol8 8 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 al any one time. The more traditional business skills ar8 well represented on the board. In an effort to mainlain Ihis broad mix. trustees are required to provide a lisl of their skills and to update it each year. In the event of particular skill shortage. new indNiduals are approached to offer themselves for election lo the board. The board remained stable with a strong èxpertise across a broad set of skills. Page16
HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Structuro, governance and management (contlnued c. Organlsational Structura and d•clslon4naklng pollcios At the start of 2024125 Headway Hertfordshir8 employed ten stsff (a full-tirne chief executiv8, three support coordinators (one full and two part time) four occupational therapists (one full time and three part time), a full-time office manager and a part time office support worker. Th8ir work was supported by a core team of nine freelance counsallors {thre8 in their final year of training) and a freelance part time Finance Manager and1 S excellent volunteers. The Chief Execulive, John Archer, has now been in post since November 2016 and continues to support, re-organise and strength8n the front-line team whilst concentrating on ensuring adequate resources are in place and the name and positive repulation of Headway Hertfordshire is well known and apprèciated throughout thé county. Our 8•r¥I dollvory modol Our delivery model has evolved to create a mix ofvirtual and face-to-face inleraclions with our dients and carers. We continue to risk assess the best way to meet each individual client's ne8ds to crèat8 th8 best mix of face-1 face meetings erther at client's home, in community group sattings, through virtual communications such as Zoom and by email and telephone. Referrals to Headway Hertfordshire can be made by health or soclal servic8 professlonals, famlly members or cllonts themselves. After initial triage by our office manager, inFtial ref8rrals go to our support coordinators, followng discharg8 from acute or community NHS Ireatmenl or car8 or through sèlf-réfèrrals from our websitè or a local GP, Link workers, Community Navigalors or a Social Worker via social prescribing Our support coordinalors provide information and advice. including self-help materials about brain injury and how to cope with the various effects, understanding the care palhway in Hertfordshire and how to access relevant statutory and voluntary $ector services. We signposl to speech therapists and physiotherapists. Hertfordshire's NHS Acquired Brain Injury team and local voluntary organisations, throughout the county. We provide counsèlling via face to face, telephone or Zoom calls to clients and or carers, vthere required and if fijnding is available. Regular contact calls are made via telephone or Zoom by our support coordinators or our pastoral care volunteer where clients andlor carers require 1.1 support. We run both virtual and face to face rehabilitation group sessions for clients which provide a break for car8r8. Sessions include exercises to improve memory and reduce stress through art, music and physical aclivilies. We run regular Carers, Education Groups via Zoom conference calls to help carers und8rstand brain injuries and the effects this may have on their loved one. We offer peer support activities, throughout the county. These are facllitated by our support coordinators supported by voluntèers, many of whom have lived 8xperienc8 or have had a brain injury themselves and take place in a variety of community settings Approximately 30% of clients, working directly with our occupalional therapists {OTs), will be Supported onto our HABIT programme, which is designed to help people with a brain injury understand t1r injury, deal with the effects and prepare for work, training. volunteering or other meaningful aclivity. Our OTS undertake cognitive and mcod assessments. using ACE, COPM and LIKERT scales and cognitive screening to check suitabilityl motivalion. They help clients signed up to the HABIT programme lo set goals and score their achievements via either virtual group sessions or face to face 8nhanced 1-2-1 meelings. Our OTS support user-led Iraining and pèer support WO and provide education about brain injury and its effects and rehabilitation workshops - e.g. dealing with fatigue, memory and life skills development. Clients on the HABIT programme a supported to access meanin9fv1 occupalion e.g. volunteerin9, paid employment. training or physical activities. d. Risk management The trustees hav8 a duty to identrfy and review the risks to which th8 charity is exposed and to 8nsure appropriate controls aro in place to provide reasonable assurance against fraud and error. The risk register is reviewed and amended on an ongoing basis. Page17
HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Approved by order of the members of th8 board of Trustees and signed on their behalf by.. Jh)rfL4fjw D H Glbson Datè.. 16th Sèptember 2025 Page18
HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee) STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The Trustees (who are also the directors of the Company for thè purposès of company lawl are responsiblè 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 prepa financial statements for each financial year. Under company law, th8 Trustees must nol approve the financial statements unless Ih8y 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.. select suitable accounting policiès and than apply thèm consistently,. obseNe the methods and principles of the Charities SORP {FRS 102)., makè judgm8nts and accounting estimates that are reasonablé and prudent; stale whether applicable UK Accounting Standards {FRS 102) have been followèd, subi8ct to any material departures disclosed and explained in the financial statements,. prepare the financial statements on the going ¢on¢em basis unless it 1$ inappropriatè to presume that the Company will continue in business. The Trusteès ar8 rèsponsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclos8 with reasonable accuracy at any lime Ihe financial position of th8 Company and enable them to ensure that Ihe financial statements comply with the Companies Act 2006. They are also responsible for safe9uarding thé assets ofthe Company and hence for taking reasonable steps for Ihe preventlon and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on its behalf by.. D H Gibson Date.. 16th S8Pt8mber 2025 Page19
HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee) INDEPENDENT EXAMINERS, REPORT Indepondent examln•rfs roport to the TrustO08 of Headway Hortfordshire Limited ('tho Company. I report lo the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2025 on pages 11 to 22 following, which have been prepared on the basis of the accounting policies sel oul on pages 13 to 14. Rèsponsibllltlè8 and ba$ls of report As the Trustees of the Company land also ils directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance wilh the requirémenls of the Companies Act 2006 (Ihe 2006 Act'l. Having satisfied myself that the accounts of the Cc>mpany are not required to be audited under Part 16 of the 2006 Act and a eligible for independent 8xamination, I report in spect of my examination of the Company's accounts carried oul under section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out our examination I have followed the Directions given by the Charity Commission under section 145151(b) of the 2011 Act. Indopondènt oxamln•rf8 statsment Since Ihe Company's gross income exceeded £250,000 your examiner musl be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination as being a Member in Practice of the Chartered Institute of Management Accountants, which is one of the listed bodies. I hav8 completed my 8xamin8tion and ¢onfirm that no material matters have come to my attention in connection with the examination giving me cause to believe.. Accountin9 records were not kept in resp8cI 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 ol seclion 396 of the 2006 Act other than any requiremént that the accounts give a 'true and lairf 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 mèthods and principles of thè St8lemenl of Recommended Practice for accounting and reporting by charities lapplicable lo charities preparing their accounts in accordance with thé Financial Reporting Slandard applicable in thè UK and Republic of Ireland IFRS 1021}. I have no concems and have come across no other matters in connection with the examinallon to which attention should be drawn in this report in order lo enable a proper underslanding of Ihe accounts to be reached. This report is made solely lo 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 l Might slal8 lo the Company's Trustees those mattets I am required to stale lo them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accepl 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.. Date.. Neil Atherton FCMA ICGMA) 16th September 2025 Neil Atherton Accountancy servIs Limited Rosemount Garden Close Lane Newbury RG14 6PR Page | 10
HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 Rostrtcted funds 2025 Unrostrlcted funds 2025 Total funds 2025 Total fvnds 2024 Incom• from: Donations and legades Charitablè activities 132,260 204338 7,284 2,722 336,598 7,284 2,722 398,549 6,065 1,665 Investments Total Income 132,260 214344 406,279 Expondltur• on: Raising funds Charitable activities 571 153,972 20.895 200,161 21,466 354,133 18,194 321.445 Total •xpondltur• 154543 221,056 375,599 339,839 Not movomont In funds (22,283) 16,712 (28,995) 66,640 R•conclllatlon of funds: Total funds brought forward N8t movement in funds 39,381 (22,283) 84,297 (6,7121 123,678 128,995) 57,038 66,640 Total funds carrlod forward 17.098 77,585 94,683 123,678 The Statement of financial actlvlti8s includes all gains and losses recognised in th8 year. The notes on pages 13 to 22 fom part of these financial statements. Pagel 11
HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee) REGISTERED NUMBER: 04341309 BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Debtors & Prepayments Cash at bank and in hand 330 134,694 105,076 108,303 (13,6201 135,024 Creditors.. amounts f811ing due within one year 10 (11,346) Total nat assets 94,683 123,678 Charlty fund8 Restricted fund8 Unr8slricled funds 17,098 77,585 39,381 84,297 11 Total funds 94,683 123,678 The Company was entitled lo exemption from audit under section 477 of the Companies Act 2006. The membars have nol required the company lo obtain an audit for thè year in question in accordance with section 476 of Companies Act 2006. Thè Directors (who are the charitable company Iruslees for the purposes of charity lawl acknowledge their responsibilities for complying with the requirements of the Act with respect lo accounting records and preparation of financial stalernents. The financial statements have been prepared in accordance with the provisions of part 15 of the Companies Act 2006 applicable to èntities subject to the small companies, regime. The financial statements wer8 approved and authorised for issue by the Trustees and si9ned on their behalf by.. D H Gibson Dale: 16th September 2005 The notes on pages 13 to 22 form part of these financial statements. Page112
HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollclos 1.1 Basls of prnparallon of flnanelal Btatamont8 The financial slat8m8nts have been prepared in accordan with the Charities SORP (FRS 102)- Accounting and Reporting by Charities.. Statement of Rècommended Practice applicable to charitl8s praparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effeclive 1 January 20191, the Financial R8POrting Standard applicable in the UK and R8public of Ireland {FRS 102) and the Companies Act 2006. Hèadway Hertforrjshire Limited mèèts the definition of 8 public benefit entty under FRS 102. Assels and Ilabilitres are inilially recognised at historical cost or transaction value unless 0th8lWiS8 Stated In the relevant accounting policy, 1.2 Golng concom The financial statements have been appropriately prepared on a going concem basls. 1.3 Incomo All Income 5s rewni88d once the Company has entitlement to the income, it is probable that the income will b8 réceived and the amounl of income receiv8blè can be measured reliably. Granls are included in the Statemènt of Financial Activities on a rec8iv8ble basls. The balance of income received for spèciflc purposes but not expended during the period is shown in the relevant funds on the 88lanc8 Sheet. Where income is received in advance of entitlement of receipt. its recognition is d8ferred and included in creditors as deferred income. Where entitlement occurs b&for8 income is received, the income is accrued. 1.4 Expondltur• Expenditurn is cognised once there 1$ a legal or conslrnctive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required In settlement and thé amount of the obligation can be measured reliably. Expenditu is classified by activity. The cosls of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activily. Direct costs attributable to a single activity are allocated directly to that activity- Shared cosls which contribute to mo than on6 activity and support costs which are nol attributable lo a single activity are apportioned between those activities on a basis consistent with the use of resourc85. Central staff costs are allocated on the basis of time spent, and depreciation charges allc>caled on the portion of th8 as$8t's use. Expenditure on charilable activities is incurred on directly undertaking the activities which further the Company's obieclives, as well as any ass¢xiated support costs. 1.5 Flnanelal Instruments The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially CogniSed at transaction value and subsequently measured al their settlement valu8 with the exception of bank loans which are subsequently measured at amortised cost using thè effective interest method. Pagel 13
HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollclos (contlnuad) 1.6 Fund accountlng Gèneral funds are unrestricted funds which are available for use at the discretion of the Trusteès in furtherance of the general objectivès of th8 Company and which have not been designated for other purposes. Reslricled funds are funds which are to be used in accordance with specific restrictions Imposed by donors or which have been raised by thè Company for particular purposes. The costs of raising and administering sudi funds Aré charged against the specific fund. The aim and use of each restricted furKI is sèt out In the notes to the rinancial slatements. Incomo from donatlons and l•gacio8 Re8trlctsd Unr•atflclod fund8 funds 2025 2025 Totsl funds 2025 Total funds 2024 Donations Grants 41,025 163,313 41,025 295,573 44.150 354,399 132,260 132,260 204.338 336.598 398,549 Income from ¢harltabl• actlvltl•8 Unroslrfcted funds 2025 Total funds 2025 Total funds 2024 Income from charitable activiknes 7,284 7,284 6,065 Investment income Unrostricted funds 2025 Total funds 2025 Tot81 funds 2024 Investment income 2.722 2,722 1.665 Page | 14
HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysi8 of èxpenditurn on charitable actlvltlos Summary by fund typ• R•Str1et Unrn8trlctad funds funds 2025 2025 Total 2025 Total 2024 Therapy, advice & support aclNilies Support costs Govemance cA)sts 124.230 29.742 139,530 56,966 3,665 263,760 86,708 3.665 242. 759 77,8T6 810 153,972 200,161 364,133 321,445 Govomance Costs Govemance costs Include.. 2025 2024 Independent examination costs 0th8r govemance costs 2,140 1,525 3.665 810 810 Staff cos18 202S 2024 Gross wages and salaries Employers pension 271,324 5,213 260,007 4,863 276,537 264,870 The average number of persons ernployed by the Company during the year was as follows: 2025 2024 Staff 10 No employee received remuneration amounting to more than £60.000 in either year. Trusteès, remuneration and oxpon8e8 During the year, no Trustees received any remuneration or other benefits (2024 - £NIL). During the year ended 31 March 2025. no Trustee expenses have been incurred (2024 - £NIL). Page115
HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Debtors 2025 2024 Duo wlthln one year Trade dèbtors Pr8paym8nts and accru8d incom8 3,227 250 3,227 330 10. Credftorn: Amount8 falllng due withln on• ar 2025 2024 Trade creditors Other taxation and social security Other creditors Accru818 and deferred income 7,059 5,311 5,001 5.312 1,250 13,620 11,346 Page116
HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11. Slatomont of funds Slatemont ol funds - currnnt year Balance at 1 Aprll 2024 Balance at 31 March 2025 In¢om• Expèndltur• Unr•8trlct•d funds General Funds Edward Gostling Foundation Herffordshire County C(>Jncil (HCCI Léague of Friends Marsh Charitable Trust The Follet Trust The Shanly Foundation KAYE Trust Garfield Weston (5,510) 150 39,160 2,471 51,031 111,939 1150 1144,270) (2,471) 33,582 128,513 23,403 600 600 11.440) 12,961) (250) 130,0001 110,000) (200) (2,500) 13751 110,01)0 (500) (1,000) 2,500 25,000 20,000 Childwick Trust Dacorum The Mrs Smith & Mount Trust Tesco Groundwo Forrester Family Trust Welwyn Parish Counal Clulterbuck Trust 10,1 21)0 2,500 375 10,0 1,000 Frank Litchfield Trust 3,000 13,000) 84297 214,344 1221,0561 77,585 Restrlctod lund8 Edward G0s1n9 Foundation Letchworth Civic Trust HCC- Family Project Pilot HCC - Support C¢X)rdinator HCC-Winter Celebralion Hospital Saturday Fund HCF-WeWn PSG HCF-Training HCF-HouSe1d Supp)rt Fund Henry Smith steven&¥ Communty Twst (SCT) The Shanly Foundation 3,750 11750) 11,020) 13,188> (3,152) (500) (2,8351 (9 (4154 (4.800 (60,720) 12,500) 12,162) 3,188 3,152 500 2,835 2,000 1,460 4,800 70,000 1,000 1,991 365 3,059 9,280 1,500 2,162 Page | 17
HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11. Statamont of funds Icontlnued) Stat•mont of fund# . currènt yr {contlnuad) Balance at 1 Aprll 2024 Balance al 31 March 2025 Income Expondlture The National Lott8ry Community Fund Postcode Places 52,51)0 {55,497) (8,756) 11,500) 5,460 8,756 Boshier Hinton 39,381 132,260 (154.543) 17,098 Tolal of funds 123,678 {375,599 94,683 Page | 18
HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11. Stal•mont of funds (conlinuad) Statoment of funds - prlor yèar Balance at 31 March 2024 Balance at l Apnl 2023 Income Expenditu Unro8trlct•d funds G8n8ral Funds Edward GO$ing Foundation Hertfordshire cnty Courtil (HCC) League of Friends Mr and Mrs Smith 21,738 51,280 15,000 174,224 178,528) {14,850) (135,464) 11,729) 12,500 (601 (1,854) (5,510) 150 39,160 2,471 4200 2,500 750 The Follet Trust 750 2,315 The Shanly Foundation KAYE Trust Garfield Weston 2SO 25.000 10,000 500 250 25,000 10,000 Childwick Trust Daconjm The Neighbourfy Trust T8sco Groundwort( Forrester Family Trust Welwyn Parish Council Frank Litchfield Tru8t 1500) (1,000) 1,000 375 10.000 500 3.000 375 10,IMIO (3,0th)) 29,403 294,379 1239,485) 84297 Re8trlcted funds Edward GostlirvJ Foundati¢Xb LGCHF Letchworth Civic Trust HCC- Family Project Pilot HCC- Support Coordinator Hospital Saturday FurKJ NHDC 3,750 3,750 5,01)0 5,OIMI (5,000) (3.980) (2,794) (17,660 1920) 12.500) 1,020 3,188 3,152 835 5,982 10.812 1,755 10,IMMJ 1,000 Stevenage Communty Tnjst (SCT) The Shanly Foundation HCF Training Postcode Places 1,000 2.162 674 1,500 2,162 3,059 8,756 2,000 10,000 25,000 2.000 (7,615) (16,244) The Hospital Saturday BLCF {1,0001 141,541) {400 The National Lottery Communty Fund HCC Celebrating Comm's HCC Wam Spaces 400 Page | 19
HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee) 11. Statèm•nt ol fund8 (contlnuod) Statèment of funds - prlor year Iconlinu•d) Balance at 1 Aprll 2023 Balanco al 31 Incom• Expondlture March 2024 8oshier Hinton 1,500 27,635 111.91)0 39,381 Total of fund8 57,038 406,279 1339,639) 123,678 Page120
HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12. Summary of funds Summary of funds - current year Balance at 1 Aprfl 2024 Balance at 31 March 2025 Incomo Expondltur• G8n8ral funds 84,297 39,381 214,344 132,260 {221,056) {154,543) 77,585 17,098 Restricted fijnds 123,678 (37S,599) Summary of funds - prlof year Bal8nce at 31 March 2024 Balarn* al 1 Aprf 2023 Income Expenditure General fijnds Restricted fvnds 29.403 27,635 294,379 111.900 (239,485) (100.154) 84.297 39,381 57.038 406.279 (339,639) 123,678 13. Analysls of net assets botwe•n lunds Analysls of not as80ts between funds - current porfod Restrlcted Unr•strlctad fund• lund• 2025 2025 Total funds 2025 Currenl assets Creditors du8 Vdithin one year Differ8n¢e 17.098 91,205 (13,620) 108.303 (13,620) Total 17,098 77.585 94,683 Page | 21
HEADWAY HERTFORDSHIRE LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 13. Analys18 of not a88èts b•twaan funds (contlnuad) Analysls of n•t as80ts betwoon funds - prfor p•rlod Restricteo Unrest17Cted funds funds 2024 2024 Total funds 2024 Current assets Credttors due within one year Differenc8 66.035 68.989 (11,346) 26,654 84.297 135,024 (111.346) R&654) 39.381 Total 123,678 R•latod party tran#actlon8 The Company has not entered into any related party transaction during the year, rnr are ther8 any outst8ndirvJ balances owlng between related parties and the Company at 31 March 2025, Page | 22